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

[Elwar]

So I guess we passed the $266 number too quickly.

Retards will want to stay at that price for a while to make some sort of point like we did on the way down.

We will see the same thing at $666.

[Elwar]

the sky is falling

[mrkavasaki]

the sky is falling

any reasons for that? 

[JimboToronto]

the sky is falling

[nexern]

the sky is falling

any reasons for that? 

yes, people need entertainment.

[nioc]

Impossible to remember?  I'm old and my memory ain't what it used to be but...

My passwords are created from the diceware method and are each 7 words long.  I have 4 of them memorized for 4 separate wallets.  Supposedly they are unhackable even when letting you know how I created them and their length.  In addition MyMonero creates a 13 word seed used for logging in and that is memorized as well.

Thousands of years ago before books were printed in any quantity, people would memorize an entire book so that they could share it with others.

Impossible to remember?  Don't tell me that you young whipper snapper!

and if you get hit by a bus?

I do hope your seeds don't exist solely in memory and you have back ups of them somewhere for either yourself or your next of kin to access.

Of course I have backups   Even if when I die my cryptocurrency lives on

It's just easier not to keep looking for the papers I have my passwords on so I memorize them.  Yes paper, I'm old

[BitofaN1]

1900 coins to 278 this could get ugly for the bears.Bid side is drying up.

[White sugar]

1900 coins to 278 this could get ugly for the bears.Bid side is drying up.

few coins to 278 since the start of the bear attack, but prices keep falling.

now from 267 to 263

[nioc]

Volume wasn't even that high really for a 4% drop.

What makes you think it's over? The Chinese haven't even awakened yet, and a huge storm is rocking China, Taiwan, and Hong Kong and could prevent funds from getting to the exchanges for days.

it's gonna go down another 3 percent.  One thing's for sure: whoever catches the bottom will make some quick money on the bounce.

Someone gets it.

Bitcoin always has two legs down.
Same as during a run up it always has a top and then a lower top before going down. Even if you can't trade on ta. This simply makes money 9/10 times.

Yeah but I usually get excited by the first big drop

[BitofaN1]

1900 coins to 278 this could get ugly for the bears.Ask side is drying up.

few coins to 278 since the start of the bear attack, but prices keep falling.

now from 267 to 263

All i'm saying is that this could be a really juicy long position right here.

[Elwar]

I'm sure this won't last long enough for me to get my euros to the exchanges.

Between my bank dropping me because I'm dealing in bitcoin and my exchange dropping me because I'm American it isn't the easiest thing to get bitcoins these days.

But when I do get my money to one of the exchanges, hopefully the price is in this range. I won't hold my breath though.

[EternaLHaZedHeaT]

rangebound between 260-330? watch for sharp moves to fade before hand

Decent long trade as we approach 260. Different ways to handle this obviously, watching for a move monday down to 238-240, seems unlikely, but with some panic selling and ETH money coming out of btc I am considering it plausible. The favored outcomes are a move up to 330 after 8-20 hours above the current levels. On moves  below 260, continuous evaluation is needed to due increased variance among other things.

[readysalted89]

I'm sure this won't last long enough for me to get my euros to the exchanges.

Between my bank dropping me because I'm dealing in bitcoin and my exchange dropping me because I'm American it isn't the easiest thing to get bitcoins these days.

But when I do get my money to one of the exchanges, hopefully the price is in this range. I won't hold my breath though.

If you can still get access to your fiat you could try running round all the nearest Bitcoin ATMs tomorrow. A number of them are open on Sundays and only require a phone number to make purchases. They generally have high fees but it's a fast way to get Bitcoins. I don't think the price will go significantly up until after tomorrow at the least.

[podyx]

[Dump3er]

1900 coins to 278 this could get ugly for the bears.Bid side is drying up.

The same old story again and again...when will it stop? People are telling this shit since the very beginning of the fall from ath.

Once again: When the price drops quickly the ask side is normally very thin. It has various reasons, for example that sellers did not yet had enough time to fill up the ask side but also that panic has started and the most sellers are not interested in putting up asks but instantly market sell. Then there comes the effect of margin called long positions, stop-losses and so on and so on...

...a thin ask side is absolutely not bullish just as a thin bid side is not a reliable indication for a bearish development. A movement upwards with a volume of 1900 coins to 278 would be a low volume rally and probably result very bearish.

Better for the buyers to wait till ask side has grown strong...and move upwards with high volume...so they can buy more on cheaper prices and at the same time confirm a bullish move.

Why all you permabulls are such fans of low volume rallies? They always result in an even stronger countermovement.

[TerraMaster]

The crash of 2015 

[roslinpl]

The crash of 2015 

I don't see any crush, do you?

:-)

Everything seems to be just fine :-) Price is slowly goin up from more than a month. I am pretty sure we can see >$400 this year.

I don't see any signs of upcoming crush.

Best regards.

[ssmc2]

$361

Are you predicting that price? 

[billyjoeallen]

If Huobi goes under 1600, all hell will break loose. They use ridiculous leverage over there and

EDIT: already happened. Hold onto your butts.

[Dump3er]

$361

Are you predicting that price? 

Where are my 300 you promised?