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

[rafanadal]

So masterluc was wrong ?

[milkshock100]

So masterluc was wrong ?

Starting to look that way

[Neo_Coin]

[Ludwig Von]

Damn what a bloody months/days we have....
When Will it stop?  

Don 't worry, the plunge protection team will come back, like Friday. Only wait for US office hours... .

[Gyrsur]

[JayJuanGee]

Nonsense.

You are perverting a good meme with bad ideas.   

[mike4001]

I only problem I see is that if your try to make comparisons to past dumps and rises.

In 2013/2014 we did not have 65% of the money in Altcoins.

I am just trying to say that I see no sense in predicting a price with waves and whatever .... at the moment we lost the momentum and noone can say if we go down to 5000 USD tomorrow or start climbing back to 10k

[Gyrsur]

Nonsense.

You are perverting a good meme with bad ideas.   

nope! if the weak hands are empty the price will rise. don't be a weak hand!

[rafanadal]

7xxx within minutes

[criptix]

[Wekkel]

So I guess the markets will be more concerned about the progress of cryptocurrency use in real life than the hype of the markets. A useful but dull period (and it will take some time to pick up the real bargains in altcoins).

So long, Bitcoin. We will meet again in a few months 

[milkshock100]

Brutal

[wayna]

With this massive pop, big investors have probably scared many weak hands.

Too many fud, media news and so on about BTC.

Everyone knows a bit about this stuff and it's not good for institutions.

In the mean time... bankers want their piece of cake in this game... just hodl and wait this psychological crash ending its course.

[RayX12]

Newbies head banging against the buy wall...

[Neo_Coin]

via Imgflip Meme Generator

[craigers]

Newb here.  Is Bitfinex buying coins?  I've watched hundreds of bitcoins sold at $8200 with only 2-10 available.  What's up with that?

[Last of the V8s]

Newb here.  Is Bitfinex buying coins?  I've watched hundreds of bitcoins sold at $8200 with only 2-10 available.  What's up with that?

Margin calls aren't shown on some charts sites...
https://twitter.com/MrJozza/status/960175631068778496 thread
https://www.bfxdata.com/swapstats/btc

edit/add https://twitter.com/MacroScope17/status/960271877628485632 thread posits exactly what you're saying

I'd guess it's both.

[TERA2]

It might go lower but I cant think of a buy here not turning a profit sometime within the next 2 months.

[JayJuanGee]

Newb here.  Is Bitfinex buying coins?  I've watched hundreds of bitcoins sold at $8200 with only 2-10 available.  What's up with that?

First off, it is not good thinking to assume malevolence before considering various plausible and reasonable non-malevolent explanations.

Second:  There are a few reasonable explanations why you might see many fewer coins on the order book than are being sold at around any specific price including: 1) Many exchanges allow for invisible orders, and Bitfinex is one of them, 2) some buyers will continue to put orders on the books, as they get sold into (and they don’t necessarily want to put a large buy order at one particular price and get all their orders sold into at once (then they would potentially run out of money if the price were to go lower) 3) of course, market orders do not show up on the books, and they can  be ongoingly propping the price at a particular price-point 4) and perhaps margin calls as last of the v8s mentioned.

[marcus_of_augustus]

^^ we're going lower, greedy wall st. shorts here now ... much lower, prepare to be out-beared.

Wall St. arrived in bitcoin December 13th 2017 ... price has dropped ever since.

PS: theymos needs to upgrade the forum server from RasPi to RaspiII