Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17931. (Read 26709167 times)

Pretty much this^.

A couple of days ago -- when we were in the $1100's -- I moved ~1% of my stash to an exchange, setting up a laddered day trading scheme. Some sells executed. First divestiture I made since the great runup of 2013.

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No, it was not enough to explain the crash. Either time.

::le sigh::

FWIW, I re-bought on the way down.

i've been keeping track of shorts, they appear to have saturated.

The market has slowed down, and the Chinese established a critical support at 6100 CNY. If this will be broken, which could happen tomorrow, then the third leg down will be confirmed and A would end soon.

Now people are realizing the China bans bitcoin story was bullshit there's a chance bitcoin might slowly cycle upwards for some time. History tells us bitcoin crashes when rumors of a Chinese bitcoin ban start, then recovers from the crash when people realize the rumors were false and China hasn't banned bitcoin.




https://cointelegraph.com/news/media-spread-wrong-china-bans-bitcoin-narrative-causing-bitcoin-price-slump

i've bought and sold altcoins now and then, but i never got myself to "HODL" some... from what I see is that every few years there's a bunch of new hot altcoins that offer  "a start fresh from ground 0, with this new coin that does X Y Z super fast and super well "
It's an appealing prospect, and a believable story... the crypto does indeed offer technical advantages over bitcoin, why won't it eventually be preferred over bitcoin!?

but in reality altcoins are fighting a battle they can't ever hope to win. first off there will always be newer and "better" cryptos being rolled out. second they can only outpace bitcoin for a limited amount of time... once we have TX malleability fixed ( via segwit or otherwise ) then we'll open up the lighting network which will allow for, instant transactions, scalability,  scripting language(and we all know just how impressively immutable bitcoin really is we won't make the ETH/ETC mistake.) we'll see protocols that utilize zero knowledge proofs for ultimate privacy  ( Zcash is a proving ground for development and eventual adoption on the real blockchain ). It might take some time for all this stuff to be rolled out onto Bitcoin's blockchain, but its coming, and all these alts are really just doing the grunt work of trying things and seeing what works and what doesn't.

altho... i have found an interesting altcoin lately, its a protocol layer on top of Bitcoin which allows anyone to create "blockchain assets" and because all these assets reside on the Bitcoin blockchain they can be traded in a decentralized manner.  this i can get behind, because its success and bitcoin's success synergies.

I hope that you are wrong and this time is different... 


But, I do agree that there is some truth in what you say, but I am NOT going to dump my lillie fiends because I am in for the long run, even though it could take longer than expected to get back to where we were or even to get comfortably in the $1000s...

On the other hand, I think that if prices can get back to the $1000s and then defend $1000 for a considerable amount of time (even a couple of days), that would actually be pretty bullish for the shorter term...

But, yeah, we gotta get there first..in the coming days or even in the coming week, which is still to be seen and it may be a bit of a longer shot proposition, but certainly not out of the question, when we are still overall in a bull market and it did seem that the rise from $600 to $1139 was fairly gradual over three months (even though half of that gain came in the last three weeks).

I love the optimism but history tells a different story.  It's hard to revisit highs after a major dump.  "Oh shit ... I missed the moon ... I need to get off this bitch ... I hope it bounces back up so I can recoup losses".

Those who held thinking they were going to get a better price and those who simply bought at the high get scared and pray for a chance to dump their coins. Hopefully to break even or make a small profit. Some are so scared they sell for losses.

History tells us bitcoin will slowly cycle downwards for some time. Believe me, I wish the opposite.

Chart says up

based on what facts you say this about tonight?

Why all the doom and gloom over the bitcoin price all the sudden?
The rally was only had a duration of a week now it is just above $900.

There has got to be something that is holding it back now.

Volatility has been on the decline for years as there's improved liquidity in the markets. 2013's volatility was also on the back of a very steep rise in price.

Memories will have been rekindled, and sellers today will act for fear of a crash and another bear market - but are their actions rational or dominated by fear?



He doesn't have hands, he has husks.

we'll see a Big move tonight, maybe above 1000$ again.

i guess that means you altcoiners will get to pick up your altcoins on the cheap?

you'll be fine.


why did you first get dash?
was the talk of bitcoin scalability problem a factor?

I almost forgot over the last couple of years just how nauseating bitcoin's price movements can be.

I understand that people do this, and it does lend a certain ability to profit and an additional level of complexity that can really cause you to lose money faster or gain less (but yeah of course I recognize that it can have big pay offs too). 

In other words, you are really bringing additional gambling to bitcoin, and does not really seem to be a longer term plan.. with mere investing in bitcoin should be enough to get rich, no (or at least increase your value over time).

infrastructure is always a good place to spend, god knows some areas of the US need it... i could really see the USD price of BTC having a lot of upward movement under this administration.

I hope $900 holds, that will make a strong bullish signal to the general public. Lets see how it plays out next week.

weak hands

might be getting ddos, there was talk of this yesterday.