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

[jojo69]

glad you're up Jay

[criptix]

[HairyMaclairy]

Altcoins roasting on an open fire

[rjclarke2000]

Well this is shit.

[Dakustaking76]

Can someone explain bitcoin for sake Why are we going down?

Is there a bad news going on?


Hodling 4 Life Ofcourse

[HairyMaclairy]

Dentacoin my sweetheart down 47%. So sorry I had to love you and leave you.

[xxxgoodgirls]

I don't get what's going on, are chinese futures going to expire tomorrow?

[HairyMaclairy]

Can someone explain bitcoin for sake Why are we going down?

Is there a bad news going on?


Hodling 4 Life Ofcourse

Bitcoin go up.  Bitcoin go down. You can’t explain that.

[Neo_Coin]

Altcoin crash: https://coinmarketcap.com

[Lontonbit]

It's just South Korea talking about banning bitcoin again

[UnDerDoG81]

Finally it's happening. I am 100% in btc and hodl. But this crash was needed. Alts crashing dramatically.

The sea of read on CMC is brutal.

Ciao Ripple Trashcoin  seriously, why do people invest in digital FIAT?

[Elix9]

Think there will be another drop once East Coast wakes up?

[Roccker]

So much hope still on the forum - does this mean we go down much more, till there is despair?


What gives me hope is the huge influx of newbs coming to the exchanges in the last 2 months (some exchanges are still closed because being overwhelmed by signups?)
I think this will not prevent any fall, but makes for a good rebound after good news + price starting to rise again happens (Question if in days / weeks or months)

[LewisPirenne]

Due to the fact that the selloff started from Chinese related OKEX and Bitfinex and the timing coincide with a certain news coming out on Sina, I think it's that Reuter FUD from PBoC Vice Governor.  Those interested can read it up.  But it fits the general trend (and rumors since the end of last year) that noose is being tightened on crypto again in China.  All those OTC trade after the exchange ban, capital flight to exchanges across the border in HK, and BTC mining now screwing up electricity consumption data in China, means that Chicom is interested in doing something about it.  

I honestly would not worry so much about China or even South Korea, but rather a coordinated G20 action as hinted by Mnuchin and Bundesbank member.  The actual G20 summit is later this year, but they can always come up with some sort of joint communique thru scheduled events or workgroups.  So our fellow brethens who favors on-chain scaling need  to try harder with their "we are only trying to disrupt payment space and provide banking to the unbanked poor" meme.  The banksters and govt never bought that argument in the first place, now they are outright calling Bitcoin for what it is, i.e. the good ole numbered Swiss account, with your personal SWIFT terminal attached, before Swiss sold their soul and bank secrecy law to USG in 2009.

[Neo_Coin]

Can someone explain bitcoin for sake Why are we going down?

[Higher Altitude]

So much hope still on the forum - does this mean we go down much more, till there is despair?


What gives me hope is the huge influx of newbs coming to the exchanges in the last 2 months (some exchanges are still closed because being overwhelmed by signups?)
I think this will not prevent any fall, but makes for a good rebound after good news + price starting to rise again happens (Question if in days / weeks or months)

It's not hope. It's knowing that circumstances don't matter, only state of being matters. This attitude is unconquerable.

[Elix9]

what

[HairyMaclairy]

This isn’t our first rodeo.  

[Asrael999]

Coindesk carrying a story from Reuters re another Chinese ban, annual Chinese fud

[JayJuanGee]

glad you're up Jay

These days, my BTC buy orders are largely automatic, anyhow.

But I do prefer to reset my BTC sell orders within a reasonably soon timeframe after my buy orders are filled (same is true when BTC price action is in the opposite direction, then BTC buy orders are set reasonably soon after the sell orders fill).

Also, in the past month or so, the activity level of my resetting BTC orders has become quite a bit more relaxed too, except for during considerable BTC price moving times like these.... but anyhow, it sure is much more relaxing and a lot less urgent to be working with $1k-ish BTC price increments, rather than smaller increments.  

Do you mind disclosing what are your current BTC buy/sell price increments, jojo, approximately?  Or, anyone else interested in this topic?  

By the way, @ jbreher, to the extent that you were really employing $250 price increments in recent times, I hope that you have either stepped those back a bit on those increments (to make more large) or are otherwise keeping up with them.  I would feel stressed to a fucking much higher level, if I were to have been employing $250 price increments in the past day or so and during other times like these.