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Yeah wow, what a dip. I've missed a lot of it I see.
Quick! Quick! sell BTC and buy fiat, fiat with about 20% a year inflation is the receipe for success.
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$60,000 not holding at the moment. Those fucking weekend bears.
Yep, every weekend this happens, getting tedious. Temp low now I reckon, going back to 61000k now. Just needs to break that to get us out of this down channel. |
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A drop since the Coinbase IPO launch, while shitcoins pump. Oh what a surprise.   I swear, you can set a clock to all the bull trap/bear trap games these traders play. I set one of mine in 2013, hasn't missed a second since. Looks like we are in a short term down channel, support at 59k resistance at 62k. I'm thinking we don't get to support though, and we'll break resistence when we hit it again. My buy orders are set, I have no sell orders. Shit coins will crash again, just like clockwork |
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Expect increased purchasing of BTC in Turkey from now on then. |
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Will it be 61-63k for a month now like 57-59? Doge? wtf  I hear doge is going to be the new BTC. Nah, just kidding but wouldn't surprise me if plenty of shills are out their saying that. What's nuts though is everything. XRP for gods sake, and binance coin?? Seriously, a coin for a dodgy exchange worth almost 80 billion. I don't like where this is going. Not because I'm worried these oscillators will dethrone BTC, they will have their 90% crashes again, but rather that this kind of crazy stuff has signified market tops in the past. |
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are we poor again? i cant remember the cutoff points anymore
Maybe not poor but I'm surprised that we are slowly drifting down. After breaking through heavy resistance like we did I thought we would of pushed higher to a 15-20% move. Can still happen of course, but I wonder if the shitcoins are stripping too many BTC buyers away right now. Good for the institutions though, on chain is still showing that the larger players are hoovering the coins up. |
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It very much seems like there is someone out there doing everything they can to keep this thing under 60k. I would love to know why. When this thing breaks though it is going to 70k very quickly.
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It very much seems like there is someone out there doing everything they can to keep this thing under 60k. I would love to know why. When this thing breaks though it is going to 70k very quickly.
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Ugh. I know I am constantly defending the idea of "Bitcoin Banks", and "Trusted second layers" which probably ruffles cypherpunk feathers a little... And I stand by the idea that bitcoin is big enough for "all the things". But this? This smells like NYA 2.0  It's the same usual suspects, all of them seem to be anti-segwit. The Square team is the only one that seem like it ever had a pro lightinig stance. I dunno.. I feel like Fidelity has been a good actor. But I do not trust that bald f^%k. The next war begins. Get ready for a push for PoS, the rejection of the Lightning network etc. I imagine this time there will be a public marketing campaign to sell the ideas... I have a feeling it is gonna get nasty as hell. I am most worried about the seeming inevitable push for PoS. Because would a group of the biggest custodians benefit from PoS? Yes. They would. I hope I am wrong. Yeah PoS is downright near evil in my opinion. Talk about giving power to rich. PoW means miners have to actually work, make capital investments, develop future strategies etc. If they make shitty decisions they will get weeded out by the market. PoS means the rich, can simply sit on their riches and get new coins without doing any work at all. They will therefore always hold onto power, and with no running costs like PoW miners, their piles of riches will never decrease, only grow. Hell, PoS is even better then owning politicians or succesfully lobbying government, the protocol becomes their's without any effort. PoS must be avoided at all costs, to fail in this mission means a certain return to lords and serfs. |
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Everyone knew he was going down though. Yeah for sure but fuck knows; it's like some people want a reason to be affected by FUD ha, I hear ya. |
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Everyone knew he was going down though. |
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Poor again.
Lost all your fiat to forgotten buy orders?  Corn price going lower than I'm comfortable with at this time. Was hoping we'd be closer to $60k by now. Got a ranch to build. That shit doesn't come cheap. As an alternative, fiat is cheap. It would be possible to get a temp fiat loan to hold you over. |
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Support line just above 54k. Let's see if we hit it.
Is price being pushed down prior to coinbase IPO and US ETFs?
Just remember that the lower the USD price the more BTC you get for your fiat. 1 BTC = 1 BTC
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Good morning WO! The "battle" for 60K continues, but not for long. Short-sighted daily traders don't realize what is going on and sell their last 0.0001BTC what was left from their initial 0.01BTC. However, the bigger picture is quite good with all the big investors in play. And the liquidity crisis is getting even deeper. The BTC reserve on exchanges continues its descent which started a year ago. Currently the decrease is between 25% and 33% on the various exchanges. And this is a lot! In 2 years there won't be any Bitcoins left on the exchanges, if this trend is kept. In the last 24 hours only, for example, the total reserve decreased with nearly 100K BTCs (-4% for the day). And on the biggest USA exchange it hit another low with a -10K BTCs for the day. And this happens almost every day. This is the opposite to what happened in 2017, meaning that we are at the beginning of the real mass adoption which establishes Bitcoin as the best performing asset in all times worldwide.
This! I am keeping a close eye on the on-chain analysis and also news regarding ETFs, corporate involvement, etc. Things are looking real bright right now and when this dam breaks it will break big. Could be in the next few days, if not, it won't be too long. An ETF is right around the corner, many people will (I think) plow their 401ks etc into an ETF. I've been waiting to do that for years now, just wish I could invest directly, but local laws suck. |
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Judging from the shitcoin market and the consolidation at these high levels in bitcoin for some time now, I think that we have less than 2 or 3 days before bitcoin breaks out out in a major way to the upside. I wouldn't be surprised if it happens today.
However, I've also seen before that when shitcoins go full stupid like they are right now the whole market collapses first, then bitcoin takes off, shitcoins don't. Time will tell. But one thing is certain is that shitcoins will always be shit and bitcoin will always be king. Long live the king and hodl!
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Or is that Bob's 60k sell he was talking about
That wasn't me. Not selling any more until after we break ground. Figure another couple months of corn appreciating will be worth the wait. I know I've gone back and forth on when to take some more profits, and can't really justify another sale unless it's for principled reasons at $75k, or we need more liquidity after we burn through all the fiat I've set aside for the project, already. Likely to just HODL for the next quarter, unless $75k creeps up on us sooner. A wise decision if you're not pressed for time, you'll get your sale in the 70s or higher. Once it breaks through 60 handle convincingly we'll probably be in the 70s in less than 2 days from the breakout. |
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Badger is toying with 60k again.
And immediately a $6m sell wall appears. Only after it went down from the pump though, that 6mil will probably be pulled if it goes back up. Or is that Bob's 60k sell he was talking about A third if it got eaten in nibbles. Started at 100 coins nibbled down to 70. Did the trick... slowed down the rally. Ah, missed that bit then. |
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Badger is toying with 60k again.
And immediately a $6m sell wall appears. Only after it went down from the pump though, that 6mil will probably be pulled if it goes back up. Or is that Bob's 60k sell he was talking about |
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Yeah looks like popped the 60k cherry at last. May be setting up for a run tomorrow.
The next 24 hours are critical.
Little may happen, holiday weekend is going to mean significant reduced volume, we will see though. Easter pump to 70k would be nice. |
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This high 50s area is getting tedious. And no Bitcoin, I don't want you to go down to break the tedium. Pump! damn it!
We should be mid 60s right now.
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