Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17889. (Read 26623423 times)

This could be a double bottom provided the PBOC doesn't do anything else.

Latest Bill Holter doom porn.

Maybe that'll improve things

That's great! lol Dangerfield  miss that old kook

But lets hope it doesn't get that ugly now 

Look at this. What self-preserving trader gets out of a market like that at a right angle ?

They must need the coins.

I think this is going to get uglier than it already is. And I know ugly.   .... cue Dangerfield:

"I was so ugly, my mother used to feed me with a slingshot!"

I can. Let the leaves fall, the chattering birds depart, and the winter frost freeze over all hope.

we had gox before which was not Chinese. we know that it is 'wild west' inside most exchnages with fake data, insider use of info etc. So all this is nothing new and it may continue like this for some time.

all you can do is make a guess when the manipulators bump the price as to where it may end up afterwards. we have had bigger % drops before eg when we went from$30 to $2 and $1100 to $250. My bushmans guide is to expect the drop after the pump to be about half of what the drop was last time. since the 2013 drop was about 75% I expect this to be about 40%. that makes it about $660 but in a range of +/- $100.

Eevn if it drops to say $300 for a while buying coins now at about $660 now will soon seem cheap again as the lowest price in any year seems to be about double what it was the year before.

+1

People must stay calm and monitor events.

You are way too premature with an assessment that the bullrun is done..

we are in a considerable uptrend from late 2015 to present, so gonna be difficult to say that the uptrend is done.. even though some consolidation is not outside of the realm of expectations.

It's difficult enough.. without dealing with leverage. 

Sorry.  I admit that I was kind of flying off the handle a bit too... regarding my calling you names..

You know that these kinds of great price movements can cause a quite a bit of stress and even misreading of the market movement situations and even the wrong tone in this thread.. ..

So, yeah, I have not really considered you to be a FUD spreader - and sometimes, as you suggested, we might jump to the wrong conclusions or give more weight to one set of facts or another because we are trying to figure out a moving target.

For clarification, I do think that I am putting more emphasis to some facts as being relevant and material, and you seem to be putting greater emphasis to some other facts that I think are less relevant.   There is nothing really wrong with our giving differing weights to differing facts or even coming to different conclusions regarding agreed to facts.

I agree with a point made by Toknormal regarding how long it has taken to get up from the mid $200s to the mid $1100s as being relevant in considering the kind of correction we are currently experiencing and what to expect. 

I also think, as I already mentioned, that the 3 month rise from lower $600s to mid $1,100s is relevant as well.  I think that  a 3 month rise was fairly gradual and moderate (given where we were and how we got there) - however, upon retrospective analysis, most of us should recognize that the last three weeks of the rise from upper $700s to mid $1,100s did move quite a bit faster than what, in retrospect, should have been reasonably considered comfortable.

In other words, we were kind of due for some correction, and we are still in the realm of reasonable expected corrections, and sure it could go a whole hell of a lot further and longer than reasonable (which is frequently the case with bitcoin), but it is not inevitable that such further correction is necessary or even sustainable.... without bouncing back or at least coming back up with decent bounce.

Well I sure as hell can't be bothered to wait another 3 years for things to get back to bullish. In Jan 2014 I thought it might take 6 weeks  

I'd be quicker learning the violin to concert standard for kicks.

At least there's some developments in fundamentals around the corner. (But then again, Overstock adopted Bitcoin in 2014 and it just kept tanking).

"bubble bust"
"forget ATH"
"forget about crossing $1000"
"all we can do is wait and watch."

This crash is pretty horrific, and its stressful
We may have bubbled out of control a bit and that had to correct,
But we've definitely overshot the bottom by a bunch.
...
we are made to feel like the whole CNY/BTC market is about to explode, and market trading on THAT feeling.
they cant control the news, but they use price to contorl how we feel about the news.
this is typical F'in bitcoin is DOOMED mayhem...
FUD FUD FUD, good believable FUD that stinks like a DUMP.
buying this is painful... which tells me its probably a good idea.

Ain't that the truth! this gets old from them. Might take a while for things to level out... but if China really did ban btc ( which won't happen) ....  but if so,  with lower volatility, which has plagued BTC... perhaps its value would rise and become more of a steady investment for some. Who otherwise wont touch it because of these swings. Granted, many make money that way in here probably   trading can be rewarding when risky lol

1 cent.

Graph doesn't matter at all. When will everybody here understand that tech analysis is just a manipulator tool to direct small fish into fisherman's net?

666 , i believe 

It might have been best in the long run if China really had banned bitcoin. It would have taken away any influence the PBOC has over the price forever.

exactly i have not slept past 20 hours. continuous watching of the graphs from all exchangers on different screen. it seems that only huobi graph is manipulating everywhere. this graph used to be the highest now its the source of freefall. its interresting to know how many people are still holding and how many have abandoned the ship. i feel a major part of " i am still hodling" posts are mostly people who have sold and are now praying for a rise. r people who are so stressed that they dont have any nails left to bite.

there is a huge manipulation from huobi. i am guessing like someone pointed out earlier that they are crashing the market so that their activities look " on point" which also means they have manipulated a lot of the pump and dump recently.

the chineese regulation is certainly something to watch but i feel we are in a "bubble bust" once again and this time it will take a lot of time to recover back not even to the ATH but to stable $800 - $900.. forget about crossing $1000. the way the graph is appearing right now does not show a sign of correction and not even something stable for a few days. every 6 to 10 hours there is a $60-100 drop in the price..

all we can do is wait and watch. and all i can say to those who bought higher is to remember that we have seen fall and rise. just hold on your coins and dont panic sell, it will make the market more frenzy and crash more. i am holding 10,000 bitcoins currently, (which i can sign a few 500-1000 btc addresses to prove that i am still holding and not selling or panicking)

its high time we take the market away from the chineese manipulators.

let the revolution begin.