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

[Searing]

Guys i think this isnt a healthy correction, this is a crash...
We tanked more then 60% in price And still going we had many correctios
When the price was high So Dont Tell me this is a correction.

Banks And the goverments are toying with us And banning crypto
And maybe this Will go on

Good morning! Finally some people are waking up and getting out of the denial stage. So everyone is still saying this wasn't a bubble?

Well, I am still 700% up from last year...more or less....but ...still more India FUD, China FUD and Tether FUD to go.

[FractalUniverse]

The global economy is going down hard. Dow Jones is dumping hard, 1.7% in just a few hours.

This is why I am always very nice to the folk at Walmart. My future status as old retired fart as Wallmart Door Greeter is looking more likely...

dont panic yet. i think they will do their best to keep the party going for year or two more.

[vroom]

ok I say it first. who sold at the bottom? *fingers crossed*

[fragout]

Guys i think this isnt a healthy correction, this is a crash...
We tanked more then 60% in price And still going we had many correctios
When the price was high So Dont Tell me this is a correction.

Banks And the goverments are toying with us And banning crypto
And maybe this Will go on

Good morning! Finally some people are waking up and getting out of the denial stage. So everyone is still saying this wasn't a bubble?

Well, I am still 700% up from last year...more or less....but ...still more India FUD, China FUD and Tether FUD to go.

Still pouring in unfortunately.  An anonymous source of course
https://qz.com/1196866/bitcoin-prices-could-be-40-lower-because-tether-propped-it-up/

[mike4001]

What I don't understand.

Where are all the whales???

I mean they have millions and millions invested in Bitcoin and have certainly the money do bring this back up.

Why don't they?

[Wolf Rainer]

The reversal to 12k will be just as brutal for the beartards

[e-coinomist]

$6173 on OKCOIN !! . Oh wait they stopped trading October 31st. So we are back to where we were 3 months ago. As sad as it is, it kinda puts things in perspective.
I still don't like this steady slide though. Its not how bottoms are normally formed

Sinkholes in the ground are shaped like that.

-3 monthes wasn't the beginning. Drawing Fiblevels further back in time up to ATH discovers there is a level alike $4800 so $5000 might not even hold for hours.

[Searing]

The global economy is going down hard. Dow Jones is dumping hard, 1.7% in just a few hours.

This is why I am always very nice to the folk at Walmart. My future status as old retired fart as Wallmart Door Greeter is looking more likely...

dont panic yet. i think they will do their best to keep the party going for year or two more.

It is on me. I retired on 1/14/18...the beginning of all this crypto drama started to accelerate.

Then the Vikings lost the next week.

Then last week sucked.

This week sucks more.

The Universe could not handle the fact that me being LAZY (note: easy crypto money) and RETIREMENT essentially was a DOUBLE NEGATIVE...and frigging KARMA

threw a fit...thus I broke crypto (and likely the stock market...may as well toss in the Alts and the guy that died in 'this is us' to boot!)

Yep, it is all me......the universe has me pegged to be a Walmart door greeter and I seem to be taking you all with me!

er oops?

[pera]

no support?not a single bit of resistance??
wtf is going on seriously?

Fear of catching a falling knife: too many false floors already, so almost nobody wants to take the risk.

[RayX12]

They say:

"The Market Can Remain Irrational Longer Than You Can Remain Solvent"

Bull shit!  I am just hodling and buying whenever possible.

What are you doing today?

[Last of the V8s]

DOW JONES falling like a stone in the water. Global economy is falling down. WTF is going on?

ok am buyin tuna cans, meds, water and a bit of godl and silver

Don’t forget Some btc’s

i prefer to buy real candles, they will be of more use than btc if power goes out

this poor wee virgin needs a candle or something
http://www.bbc.com/news/business-42940728
Virgin Money joins ban on buying Bitcoin on credit cards

and a dentist

[mindrust]

Still %321 up from my initial investment. That means we can go lower. A lot lower.

[FractalUniverse]

What are you doing today?

Waiting for a dip to buy of course

[Searing]

They say:

"The Market Can Remain Irrational Longer Than You Can Remain Solvent"

Bull shit!  I am just hodling and buying whenever possible.

What are you doing today?

HODL mode on the BTC.

HODL mode on 430 LTC in that LitePay kicks in this week, credit card transaction system, supposedly.

HODL mode on crapload of LISK from the ICO. (what the heck unicorns and rainbows are pretty)

and of course my 7 DASH in HODL mode (what the f*ck, I'm in denial anyway)

FML

[svdleer]

The sell presure is enormous, really bizar to watch the trade history at GDAX

[YourMother]

What I don't understand.

Where are all the whales???

I mean they have millions and millions invested in Bitcoin and have certainly the money do bring this back up.

Why don't they?

You're focusing too much on the red candles and you're missing the fact the whales are in fact absorbing bitcoins with hundreds of millions of $ in buy walls. Once the cab drivers, hair-dressers, ico scammers and your grandma unload all their bags, it's brutal reverse time. I've seen this type of panic on Bitstamp early 2015. The game is the same, it's just that you have more cannon fodder this time

[SidETH]

If you are all so 'convinced' it will go even lower, why not dump now and buy back later?

[realr0ach]

Where are all the whales???

It's an imaginary token that's impossible to be a store of value and will always be a pump and dump.  The real question isn't why is it dumping, it's how the hell did this crap pump higher higher than the market cap of physical silver in the first place?  Fundamentals matter and bitcoin has garbage fundamentals compared to metals.  Bitfinex fraud was probably responsible for 99% of it's rise over $1000.

[mindrust]

If you are all so 'convinced' it will go even lower, why not dump now and buy back later?

We don't like to gamble.

[Wolf Rainer]

Dow Jones



Bitcoin