Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[inca]

Right well that wasn't particularly impressive. Keep up the sterling work forum manipulators! Especially you exocytosis.

[1714469655]

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[1714469655]

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[ChartBuddy]

Explanation

[itod]

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

It's game over for "get rich quick" kids. Bitcoin will be just fine if the price stays at $300 for a few years, just this thread will lack nonsense posted regularly.

I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here.

There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.

No, you don't understand. There's a limit how much price can go down. Bitcoins are not produced out of the thin air, expensive electricity is invested to support the network. The supply can't get bigger after the price get's down to cost of electricity to produce a new BTC. After that point we enter the stability at the bottom, when it doesn't matter if someone is disappointed or not.

[exocytosis]

Right well that wasn't particularly impressive. Keep up the sterling work forum manipulators! Especially you exocytosis.

I'm just stating the facts. Facts that everyone can observe if they glance briefly at the price development and statistics of user adoption.

You don't like the facts? Well, tough luck, because this is a free market, ruled by the simple law of supply and demand. That's why the price will continue falling. Because the price doesn't care one bit about the hopes and delusions of cultists or permabulls.

[mmitech]

All these n00bs that don't remember 2011...

You remember what happened 2011 ? good because whoever were present should know better than anyone else what a long bear market means.

[fonzie]

I really don´t think that we will go below 1$. It´s such an important psychologial barrier, that i expect that at least some people would jump in big around that price, we´ll see if it holds.

[tarmi]

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

It's game over for "get rich quick" kids. Bitcoin will be just fine if the price stays at $300 for a few years, just this thread will lack nonsense posted regularly.

I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here.

There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.

No, you don't understand. There's a limit how much price can go down. Bitcoins are not produced out of the thin air, expensive electricity is invested to support the network. The supply can't get bigger after the price get's down to cost of electricity to produce a new BTC. After that point we enter the stability at the bottom, when it doesn't matter if someone is disappointed or not.

very noobish and not true.

price can go down to 0. if it is too expensive for you to mine - then gtfo and shut down your miners.

[abercrombie]

Abandon ship! 

[NotLambchop]

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

It's game over for "get rich quick" kids. Bitcoin will be just fine if the price stays at $300 for a few years, just this thread will lack nonsense posted regularly.

I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here.

There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.

No, you don't understand. There's a limit how much price can go down. Bitcoins are not produced out of the thin air, expensive electricity is invested to support the network. The supply can't get bigger after the price get's down to cost of electricity to produce a new BTC. After that point we enter the stability at the bottom, when it doesn't matter if someone is disappointed or not.

No, you don't understand.  Some miners shut down their rigs, difficulty goes down, the price of mining falls, etc., etc.  The same # of coins could be mined on a couple of laptops.  There is no "set cost of production."

[inca]

Right well that wasn't particularly impressive. Keep up the sterling work forum manipulators! Especially you exocytosis.

I'm just stating the facts. Facts that everyone can observe if they glance briefly at the price development and statistics of user adoption.

You don't like the facts? Well, tough luck, because this is a free market, ruled by the simple law of supply and demand. That's why the price will continue falling. And the price doesn't care one bit about the hopes and delusions of cultists or permabulls.

Hilarious. What metrics for user adoption have you glanced briefly at praytell?

If bitcoin is doomed why are you hoping to buy in at a lower price? Not expecting price rises are you? lol

[Malin Keshar]

It is just weekend dump

Why so much panic?

[GBattaglia]

There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.

This.

The problem is: Price won't rise as long as merchants and miners dump thousands of coins every day. There simply isn't enough demand for all of that supply. That's why the price will continue falling until Bitcoin finds its "true price", which is somewhere in the single digits, probably very close to zero.

We're slowly coming out of the delusional bubble sparked by Markus, Willybot and other Karpeles manipulation schemes. Gox was, for a long time, the only BTC exchange. And it was by far the largest, for several years. With Gox gone, the veil of illusions is slowly fading away, and people are gradually realizing that internet funbux simply aren't worth several hundred dollars.

If BTC was guaranteed to be a good store of value and unit of e-commerce, I'm unsure how many people would still be interested.
If Bitcoin was steady at say $300 and fluctuated by at most 2% daily [always returning to the original $300 in these fluctuations] and say
it gained 3% in value yearly; I highly doubt a lot of people would be here.

A large group of people don't actually want to use BTC I think, they just want to speculate the price and "get rich quick".

[inca]

It is just weekend dump

Why so much panic?

Quite.

[fonzie]

Good thing is that if we go near 100-200$ or lower we will see some "real" walls again. 5 digits and above. So at least this thread will stay active and relevant for some time (even if Bitcoin does not..) 

[NotLambchop]

Abandon ship! 

No need to panic.  False alarm.

[Wandererfromthenorth]

Abandon ship! 

No need to panic.  False alarm.

Perma-bulls be like:

[mmitech]

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

It's game over for "get rich quick" kids. Bitcoin will be just fine if the price stays at $300 for a few years, just this thread will lack nonsense posted regularly.

I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here.

There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.

No, you don't understand. There's a limit how much price can go down. Bitcoins are not produced out of the thin air, expensive electricity is invested to support the network. The supply can't get bigger after the price get's down to cost of electricity to produce a new BTC. After that point we enter the stability at the bottom, when it doesn't matter if someone is disappointed or not.

you are wrong about this, not every BTC was mined today or yesterday, and mining is not that important when it comes to price discovery, you have to remember that there is more than 13 million Bitcoin in circulation, most of these coins are still profitable at today's price, in fact most of them are still profitable even if the price drop to $50,  and this is one of the most logical explanations to "why are people not selling?"  simply most of these holders are still way far from losing any money.

[klee]

Right well that wasn't particularly impressive. Keep up the sterling work forum manipulators! Especially you exocytosis.

I'm just stating the facts. Facts that everyone can observe if they glance briefly at the price development and statistics of user adoption.

You don't like the facts? Well, tough luck, because this is a free market, ruled by the simple law of supply and demand. That's why the price will continue falling. Because the price doesn't care one bit about the hopes and delusions of cultists or permabulls.

At the moment the market is ruled by parasites, it will go back to being ruled by supply and demand when they leave.

I like you, honestly, but I was tweeting exactly the same things when 266 burst...

Parasites will never go away, because many reasons - I will post when I am not depressed (cryptos are my full time job, I want BTC only UP UP UP).

[inca]

Perma-bulls be like:

Hehe.

Currently being a btc holder with no interest in selling is being a perma-bull on here. When I think the daily low is in I will buy a few more coins too, I must be delusional!

[edwardspitz]

Stamps orderbook looks kind of bullish,

Stamp's orderbook has looked bullish for more than a week. Still we've been heading down. People cancel their buy orders all the time. It's just the nature of the game. When traders search their hearts, deep down inside they all know that there'll be cheaper coins to buy a week from now. And even cheaper coins, two weeks from now. Etcetera.
Everyone is losing faith in Bitcoin. This is a free market, and it's wonderful to watch how it unfolds, how supply is increasing while demand is decreasing, predictable and mechanical like clockwork.

Yes I agree with you. Some large holder(s) are distributing their coins and try to get the best price for them that they can achieve. It has been going on since July. We also see short term manipulation to keep they price down and orderbook manipulation to lure the bulls to buy back for a short term profit. It is a bit scary to think that accumulation may not even be on the agenda at this point. Hopefully their long term goal is to buy back in. Fundamentals are looking good so why not?