Bitcoin Forum
February 27, 2020, 03:07:39 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: How low will we go before we see $10K again?
<$8,000 - 19 (42.2%)
$8,000-8,200 - 6 (13.3%)
$8,200-$8,400 - 2 (4.4%)
$8,400-$8,600 - 9 (20%)
$8,600-$8,800 - 5 (11.1%)
$8,800-$9,000 - 4 (8.9%)
Total Voters: 45

Pages: « 1 ... 17108 17109 17110 17111 17112 17113 17114 17115 17116 17117 17118 17119 17120 17121 17122 17123 17124 17125 17126 17127 17128 17129 17130 17131 17132 17133 17134 17135 17136 17137 17138 17139 17140 17141 17142 17143 17144 17145 17146 17147 17148 17149 17150 17151 17152 17153 17154 17155 17156 17157 [17158] 17159 17160 17161 17162 17163 17164 17165 17166 17167 17168 17169 17170 17171 17172 17173 17174 17175 17176 17177 17178 17179 17180 17181 17182 17183 17184 17185 17186 17187 17188 17189 17190 17191 17192 17193 17194 17195 17196 17197 17198 17199 17200 17201 17202 17203 17204 17205 17206 17207 17208 ... 26136 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21537297 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (142 posts by 32 users deleted.)
Torque
Legendary
*
Offline Offline

Activity: 2058
Merit: 1529



View Profile
June 27, 2017, 02:49:22 PM

Keep an eye on the total crypto market cap.

If we break below the $97B cap and stay there for a while, the total crypto market downtrend will be confirmed.

At that point I think alts will start trading back into btc on every btc dip.

We hit $96B. Stay frosty my friends.

Down to $88B now. Alts are trading into btc on the dips, so Bitcoin dominance % still rising.  Good sign for bitcoin. Bad sign for Altlandia shitcoins.
1582772859
Hero Member
*
Offline Offline

Posts: 1582772859

View Profile Personal Message (Offline)

Ignore
1582772859
Reply with quote  #2

1582772859
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1582772859
Hero Member
*
Offline Offline

Posts: 1582772859

View Profile Personal Message (Offline)

Ignore
1582772859
Reply with quote  #2

1582772859
Report to moderator
1582772859
Hero Member
*
Offline Offline

Posts: 1582772859

View Profile Personal Message (Offline)

Ignore
1582772859
Reply with quote  #2

1582772859
Report to moderator
1582772859
Hero Member
*
Offline Offline

Posts: 1582772859

View Profile Personal Message (Offline)

Ignore
1582772859
Reply with quote  #2

1582772859
Report to moderator
Torque
Legendary
*
Offline Offline

Activity: 2058
Merit: 1529



View Profile
June 27, 2017, 02:51:24 PM

This guy gets it. The blockchain's (er, Bitcoin's) killer app is Bitcoin.

Or the govt creating a federated chain to enslave you with a cashless society slave system, pick one.

No, FedCoin is still in development. Stay tuned.  Wink
starmman
Legendary
*
Offline Offline

Activity: 1386
Merit: 1029



View Profile
June 27, 2017, 02:52:27 PM

looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200
maybe I'll wait until it settles a bit

.

edit> that was fast  Cheesy finex already below yesterday

CEX.IO only hit 2400. I think I need to start using a more volatile exchange
Sniper44
Hero Member
*****
Offline Offline

Activity: 714
Merit: 501


View Profile
June 27, 2017, 02:58:00 PM

looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200
maybe I'll wait until it settles a bit

.

edit> that was fast  Cheesy finex already below yesterday

CEX.IO only hit 2400. I think I need to start using a more volatile exchange

haha, you should have seen c-cex then. i sold bitcoin there @$2900 and am kicking myself why i didn't place the sell orders at $3100 because someone with fat fingers apparently did a cleanup buy all the way up there Cheesy
i placed the sell order as a joke because i had nothing else to do and no altcoin to buy!
machasm
Sr. Member
****
Offline Offline

Activity: 471
Merit: 276



View Profile
June 27, 2017, 03:25:03 PM

looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200
maybe I'll wait until it settles a bit

.

edit> that was fast  Cheesy finex already below yesterday

CEX.IO only hit 2400. I think I need to start using a more volatile exchange

haha, you should have seen c-cex then. i sold bitcoin there @$2900 and am kicking myself why i didn't place the sell orders at $3100 because someone with fat fingers apparently did a cleanup buy all the way up there Cheesy
i placed the sell order as a joke because i had nothing else to do and no altcoin to buy!
What sort of vol did you sell at that price just out of curiosity?
JimboToronto
Legendary
*
Offline Offline

Activity: 2478
Merit: 1428


You're never too old to be young.


View Profile
June 27, 2017, 03:41:31 PM

Good morning Bitcoinland.

Missed yesterday's $200 dip and $150 recovery but it's still bouncing up and down like a yoyo... currently $2323USD (Bitcoinaverage).

It's not quite a deep enough dip for me to reallocate funds to buy into it but it's still an opportunity for anyone who missed the last big dip.
______

I figure that since most altcoins are bought with Bitcoin, noob suckers buying into the alt bubble drove the price of bitcoins up, buying them with their fiat.

It also figures that when the altcoin bubble burst, it would bring the price of Bitcoin down, as they sold for bitcoins which they then sold for fiat.

This would go a long way to explaining why on the way up, both rose quickly in price with alts rising faster, and on the way down down, both fell rapidly with alts falling faster and deeper.
gentlemand
Legendary
*
Offline Offline

Activity: 2296
Merit: 2346


Welt Am Draht


View Profile
June 27, 2017, 03:51:08 PM


I figure that since most altcoins are bought with Bitcoin, noob suckers buying into the alt bubble drove the price of bitcoins up, buying them with their fiat.


Aye, I'd say that was easily the biggest driver, especially on Localbitcoins.

I wonder what the aftermath of this alt bubble will look like. Essentially nothing much has been proven or established by any of them still. It's even more empty hype than before with the added extra of a potentially humongous price collapse.
Sniper44
Hero Member
*****
Offline Offline

Activity: 714
Merit: 501


View Profile
June 27, 2017, 04:15:57 PM

looks like retest of yesterday's lows coming. Probably will go through; But i dont know if I dare to put my buy order @ 2200
maybe I'll wait until it settles a bit

.

edit> that was fast  Cheesy finex already below yesterday

CEX.IO only hit 2400. I think I need to start using a more volatile exchange

haha, you should have seen c-cex then. i sold bitcoin there @$2900 and am kicking myself why i didn't place the sell orders at $3100 because someone with fat fingers apparently did a cleanup buy all the way up there Cheesy
i placed the sell order as a joke because i had nothing else to do and no altcoin to buy!
What sort of vol did you sell at that price just out of curiosity?


my order size was not that big since i don't keep much on there (i do alt-trading on bittrex), but looking at the history and the volume of that particular time it was more than 50BTC volume.
BiteMyShinyMetalAss
Hero Member
*****
Offline Offline

Activity: 617
Merit: 509


Crypto Card - https://platinum.crypto.com/r/28cz7d


View Profile
June 27, 2017, 04:44:50 PM

Good morning Bitcoinland.

Missed yesterday's $200 dip and $150 recovery but it's still bouncing up and down like a yoyo... currently $2323USD (Bitcoinaverage).

It's not quite a deep enough dip for me to reallocate funds to buy into it but it's still an opportunity for anyone who missed the last big dip.
______

I figure that since most altcoins are bought with Bitcoin, noob suckers buying into the alt bubble drove the price of bitcoins up, buying them with their fiat.

It also figures that when the altcoin bubble burst, it would bring the price of Bitcoin down, as they sold for bitcoins which they then sold for fiat.

This would go a long way to explaining why on the way up, both rose quickly in price with alts rising faster, and on the way down down, both fell rapidly with alts falling faster and deeper.

Thats what I was saying about people cashing ETH out, since polo was the biggest ETH market for long time.
Iranus
Hero Member
*****
Offline Offline

Activity: 532
Merit: 503



View Profile
June 27, 2017, 04:51:34 PM

Hey, have a look at the one month period of this lovely chart.

When Bitcoin falls, alts mostly fall as well because they're traded against BTC.  The amount that they fall is amplified by the fact that SegWit is potentially imminent on BTC and that the market cap tends to be smaller.
BlindMayorBitcorn
Legendary
*
Offline Offline

Activity: 1260
Merit: 1107



View Profile
June 27, 2017, 04:58:52 PM

This is disappointing. ETH is actually sucking us down with her.
megashira1
Legendary
*
Offline Offline

Activity: 1146
Merit: 1000



View Profile
June 27, 2017, 05:04:35 PM

LTC gets segwit = +400%
Random shitcoin gets segwit = +300%
BTC going to get segwit = -20%



gentlemand
Legendary
*
Offline Offline

Activity: 2296
Merit: 2346


Welt Am Draht


View Profile
June 27, 2017, 05:18:58 PM

LTC gets segwit = +400%
Random shitcoin gets segwit = +300%
BTC going to get segwit = -20%

The non BTC Segwit pumps were all about them becoming 'Bitcoin killers' as the daddy didn't have it.

I'm not sure how much traders actually care about scaling so the price effects may be underwhelming despite how important it is. And we're still not 100% sure in what form it's going to be implemented.

YourMother
Legendary
*
Offline Offline

Activity: 1232
Merit: 1039



View Profile WWW
June 27, 2017, 05:19:20 PM

Anyone notice this thread has 1/10th the traffic of past rises and dumps?  I think this is a sign of the fact that there's no reason for cryptocurrency to exist unless you can create an ASIC proof algo where coins can be mined on commodity hardware, or constantly change the algo to defeat them.  Without doing that, the draught of new people coming in signals the date of ASIC creation as the start of the coin's eventual death.  If this thread is any indicator of the system at large, Bitcoin is like a brown dwarf star running on fuel from a prior era.  

The only thing keeping it going at all is that some PoW altcoins are used as proxies for new people to occasionally enter.  Those altcoins are generally only profitable to mine during bull runs, so it also has the side effect of making bubbles larger and bear markets even more bearish.  This phenomenon is why you always see proof of stake coins wither and die like clockwork as well.

Look, scumbag! It was fun to troll Bitcoin, but back in 2013-2015 during all the bans, the fud and the panicked bears, not now after a 10x growth in price and userbase. The reason why Bitcoin is not worth over $200k right now is because of the ignorance of the masses. You are witnessing a world changing protocol, which time and time again has proved its security and robustness, that is about to decentralize everything that can be decentralized, and whose network value is not even half of Bill Gate's fortune at this moment.

If the low income people weren't buying bitcoins because they thought that they were part of a ponzi scheme, now they aren't buying because they cannot afford 1 Bitcoin. Now you have to inform them that they can buy quantities less than 1 bitcoin and that it's still worth it, but that's pretty damn hard. (tried it)

This is the last chance that these poor fucks have, because a few months/years from now a full bitcoin will be hardly affordable even for the high income group. And it will keep on going up until only the rich bastards will be able to hoard it and actually make a considerable profit out of it.

doc12
Legendary
*
Offline Offline

Activity: 1284
Merit: 1042


View Profile
June 27, 2017, 05:26:14 PM

Anyone notice this thread has 1/10th the traffic of past rises and dumps?  I think this is a sign of the fact that there's no reason for cryptocurrency to exist unless you can create an ASIC proof algo where coins can be mined on commodity hardware, or constantly change the algo to defeat them.  Without doing that, the draught of new people coming in signals the date of ASIC creation as the start of the coin's eventual death.  If this thread is any indicator of the system at large, Bitcoin is like a brown dwarf star running on fuel from a prior era.  

The only thing keeping it going at all is that some PoW altcoins are used as proxies for new people to occasionally enter.  Those altcoins are generally only profitable to mine during bull runs, so it also has the side effect of making bubbles larger and bear markets even more bearish.  This phenomenon is why you always see proof of stake coins wither and die like clockwork as well.

Look, scumbag! It was fun to troll Bitcoin, but back in 2013-2015 during all the bans, the fud and the panicked bears, not now after a 10x growth in price and userbase. The reason why Bitcoin is not worth over $200k right now is because of the ignorance of the masses. You are witnessing a world changing protocol, which time and time again has proved its security and robustness, that is about to decentralize everything that can be decentralized, and whose network value is not even half of Bill Gate's fortune at this moment.

If the low income people weren't buying bitcoins because they thought that they were part of a ponzi scheme, now they aren't buying because they cannot afford 1 Bitcoin. Now you have to inform them that they can buy quantities less than 1 bitcoin and that it's still worth it, but that's pretty damn hard. (tried it)

This is the last chance that these poor fucks have, because a few months/years from now a full bitcoin will be hardly affordable even for the high income group. And it will keep on going up until only the rich bastards will be able to hoard it and actually make a considerable profit out of it.



+1 nice writeup.

Anyway this guy (roach) is a fucking nazi racist antisemitic motherfucker, people with such a mindset are wrong and rotten to the core.
luckygenough56
Legendary
*
Offline Offline

Activity: 1442
Merit: 1009



View Profile
June 27, 2017, 05:27:10 PM
Last edit: June 27, 2017, 06:01:06 PM by luckygenough56

we are still on the rising tube

just hoping it's not some sort of asymetric head and shoulders, which would be very droppy, would give a correction to 1800ish

looking at the past bitcoin rises, there's always quite a massive correction after the peak, so a drop looks pretty obvious to me but hey it's bitcoin.
bitebits
Legendary
*
Offline Offline

Activity: 1395
Merit: 1141


Bitcoin != exchange rate


View Profile
June 27, 2017, 05:28:51 PM

The fix is in folks. It looks like a lot of bitcoin users have discovered this great currency called the dollar and are buying it all up. I heard that this dollar thing has a feature where it is made from paper. Bitcoin doesn't have that. Should we upgrade to get more users?

Brilliant, thanks. Why are we here again?
r0ach
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


View Profile
June 27, 2017, 06:02:23 PM
Last edit: June 27, 2017, 06:12:31 PM by r0ach

Anyone notice this thread has 1/10th the traffic of past rises and dumps?  I think this is a sign of the fact that there's no reason for cryptocurrency to exist unless you can create an ASIC proof algo where coins can be mined on commodity hardware, or constantly change the algo to defeat them.  Without doing that, the draught of new people coming in signals the date of ASIC creation as the start of the coin's eventual death.  If this thread is any indicator of the system at large, Bitcoin is like a brown dwarf star running on fuel from a prior era.  

The only thing keeping it going at all is that some PoW altcoins are used as proxies for new people to occasionally enter.  Those altcoins are generally only profitable to mine during bull runs, so it also has the side effect of making bubbles larger and bear markets even more bearish.  This phenomenon is why you always see proof of stake coins wither and die like clockwork as well.

Look, scumbag! It was fun to troll Bitcoin, but back in 2013-2015 during all the bans, the fud and the panicked bears, not now after a 10x growth in price and userbase. The reason why Bitcoin is not worth over $200k right now is because of the ignorance of the masses. You are witnessing a world changing protocol, which time and time again has proved its security and robustness, that is about to decentralize everything that can be decentralized, and whose network value is not even half of Bill Gate's fortune at this moment.

LOL What a load of shit.  You just typed a few pages ago how you spammed this forum with "bear trolling" under alternate usernames fucking with everyone trying to get them to dump in the past.  Now you're caught on the wrong side of the trade and don't want anyone saying the price might go down.  This head and shoulders collapse was so obvious whoever got caught in it shouldn't be trading in the first place.  I even posted it here for you all to see.  

And no, bitcoin is not better than gold and silver.  Gold and silver are money and everything else is credit.  Bitcoins are imaginary coupons you hope someone else will service in exchange for goods and services at a future date.  This makes them unsecured liabilities.  With a real commodity currency like gold and silver, it doesn't matter if you can find nobody to service your coins, you still have the actual  coins themselves which have usage in industry and other things, meaning you're never left holding the bag because there's always some type of use for them (especially silver).

Antonopolous propaganda claiming bitcoin is better than metals doesn't actually work against people who know anything about economics.
SaintFlow
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


The first is by definition not flawed.


View Profile
June 27, 2017, 06:05:12 PM



I managed to short the drops to increase my hodling by 2%.
And if I smell another drop i might do it again, yet I would
really hate to have to do that, because eventually I will be overrun
by more bulls resurging.

I think with new month new cash the situtation we are in might change
luckygenough56
Legendary
*
Offline Offline

Activity: 1442
Merit: 1009



View Profile
June 27, 2017, 06:09:14 PM

euro is the new cool coin
Pages: « 1 ... 17108 17109 17110 17111 17112 17113 17114 17115 17116 17117 17118 17119 17120 17121 17122 17123 17124 17125 17126 17127 17128 17129 17130 17131 17132 17133 17134 17135 17136 17137 17138 17139 17140 17141 17142 17143 17144 17145 17146 17147 17148 17149 17150 17151 17152 17153 17154 17155 17156 17157 [17158] 17159 17160 17161 17162 17163 17164 17165 17166 17167 17168 17169 17170 17171 17172 17173 17174 17175 17176 17177 17178 17179 17180 17181 17182 17183 17184 17185 17186 17187 17188 17189 17190 17191 17192 17193 17194 17195 17196 17197 17198 17199 17200 17201 17202 17203 17204 17205 17206 17207 17208 ... 26136 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!