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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26388634 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. (174 posts by 3 users with 9 merit deleted.)
bitserve
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February 06, 2018, 05:19:23 AM

... And BOOM!

Half an hour and it will be back under 6K

Probably.
infofront (OP)
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February 06, 2018, 05:21:13 AM

The big news going around the internet recently has been the release of SEC Chairman Clayton's upcoming testimony to the Senate. Here's a good summary:




This is of course bullish news, but markets are not rational, so it might not make a difference in the short term.
HairyMaclairy
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February 06, 2018, 05:21:27 AM

Theres no way it could go to straight to 2.5K. That would be unprecedented magnitude and speed in the entire history of bitcoin. Look at the log chart and compare it to the history. We are already geared up for a 100%+ bounce

We have never had Wall Street professional shorts before either. Not saying it is going to happen but we must remain open to all possibilities.
EtherCoin
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February 06, 2018, 05:22:20 AM

I hope that's the bounce happening right now, I will shut up.

Eth.

Oh come on, u know it's not
same thing happened at 7k
8k

etc

Well like I said I have massive buy orders on the 5k range so part of me wants it to reach that levels, the other side though would like to skip the gains and bounce back ASAP to that 11-12k safety area.

Eth.
Dakustaking76
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February 06, 2018, 05:24:21 AM

What a crash
What a crash.....


Damn R I P
infofront (OP)
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February 06, 2018, 05:25:57 AM

What a crash
What a crash.....


Damn R I P

Heater
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February 06, 2018, 05:28:22 AM

I take it Peter is now referring to Bcash as the one true Bitcoin.  True to form.

No.  You take BTC as "the one true bitcoin."  As for me, I say that I don't know.  Maybe BTC will remain dominant; but maybe BCH with its greater block size limit will overtake it.  Or maybe a new branch will prevail.  It doesn't matter to me because Bitcoin is the sum of its forks and I hold them all.  

Bcash is a scam coin, just like all the other shitcoins. End of story.
jojo69
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February 06, 2018, 05:29:03 AM

fuck me

a 5 handle
TERA2
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February 06, 2018, 05:30:14 AM

*holds champagne bottle in confusion*
Searing
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February 06, 2018, 05:30:21 AM

I wanna know whats going through the mind of someone selling here. Do they think this is their last chance of selling at 6K?

They realize that we're probably entering a bear market that could potentially last a couple years or more and want to take a small profit or cut their losses while they can.


Only if tether explodes alongside with bitfinex.

yep...but the silence on this ...could drag this down quite a bit...even if eventually it all comes to naught

ah hell, I'm kinda an ass anyway, I'd be more so if BTC was still at 18k........probably for the best.....

pacman7331
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February 06, 2018, 05:31:27 AM

Near the Fib retracement 6000 on Coinbase. Just bought some.
Dakustaking76
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February 06, 2018, 05:34:22 AM

Can someone explain with the best information
Why this isnt stopping?Huh

R I P BITCOIN
R I P THE HUMANITY Shocked
bitserve
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February 06, 2018, 05:34:36 AM

I wanna know whats going through the mind of someone selling here. Do they think this is their last chance of selling at 6K?

They realize that we're probably entering a bear market that could potentially last a couple years or more and want to take a small profit or cut their losses while they can.


Only if tether explodes alongside with bitfinex.

yep...but the silence on this ...could drag this down quite a bit...even if eventually it all comes to naught

ah hell, I'm kinda an ass anyway, I'd be more so if BTC was still at 18k........probably for the best.....



I still have the suspicion that it is in fact Bitfinex/Tether who are selling their massive crypto reserves to have the $2 Billion USD in Tether fully backed. If we would just know how much selling they still need to do for that...
Searing
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February 06, 2018, 05:35:31 AM

Near the Fib retracement 6000 on Coinbase. Just bought some.


sorry no fiat available to buy BTC..too busy hanging on by fingernails to my HODL mania.....(news at 11!)

PoolMinor
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February 06, 2018, 05:36:01 AM

TERA2
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February 06, 2018, 05:36:45 AM

It doesnt matter what happens here. In a few days or weeks youre going to be drawing these lines from the tops at 17K and 12K or the tops at 20K and 17K trying to justify and will the crazy bounce to stop.
Searing
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February 06, 2018, 05:37:24 AM

I wanna know whats going through the mind of someone selling here. Do they think this is their last chance of selling at 6K?

They realize that we're probably entering a bear market that could potentially last a couple years or more and want to take a small profit or cut their losses while they can.


Only if tether explodes alongside with bitfinex.

yep...but the silence on this ...could drag this down quite a bit...even if eventually it all comes to naught

ah hell, I'm kinda an ass anyway, I'd be more so if BTC was still at 18k........probably for the best.....



I still have the suspicion that it is in fact Bitfinex/Tether who are selling their massive crypto reserves to have the $2 Billion USD in Tether fully backed. If we would just know how much selling they still need to do for that...


yeah that is what I meant.....unclear...but it is sell/sell/sell time at bitfinex and tether right now to get their tether to usd relationship back to parity

my guess anyway, would make sense...that is what pumped the bubble..if they took all the air and went home..that would deflate it in the same manner

HairyMaclairy
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February 06, 2018, 05:41:13 AM

Here is the bounce off $6k. Will it go anywhere ? Everyone is holding their breath.   Volume is too weak.  Looks like not.
Bitcoinaire
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February 06, 2018, 05:45:00 AM

Have we hit despair or is it yet to come?
HairyMaclairy
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February 06, 2018, 05:47:03 AM

Have we hit despair or is it yet to come?

I have not seen a single media report that Bitcoin is dead.
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