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

[El duderino_]

What do you think is going on? 

as far as i know i just think there are some peoples trying to safe me mine .25btc    

[HairyMaclairy]

Bitcoin Dominance at 44% now. At this rate it could reach 50% before retesting the last bottom. The carnage on the alts is being brutal.

Strict but fair.

[HairyMaclairy]

In case you guys haven’t figured this out, this happens every weekend. It just so happens we are currently in an extended downtrend. 

[bitserve]

What do you think is going on?  

I donno, I am too depressed to think clearly.

Nahhh, if we kind of forget that the price bubbled too fast to $19K as if it didn't happen yet... we are doing great.

Of course it is not that easy to forget it AND many newbies got burned (as it happens on EACH AND EVERY cycle) so they are all fucking scared to enter right now. Lots of money that is waiting until they feel it is safe "out there".

Fundamentals of crypto and Bitcoin in particular are way better than ever with the most cutting-edge improvements taking place in this year but...

C'on we all expected this correction even sooner than it happened!

I don't think big whales are dumping... but they are probably not gonna pump either until they make completely sure remaining weak hands are not gonna dump onto them.

[pacman7331]

What do you think is going on?  

I think this is politics. Governments don’t like unblockable decentralized currency. So we got the whole fucking freedom vs enslavement duality to deal with. The one who is richer wins short term. Long term? I dunno but only the HODLers can win long term. But that means u gotta be ok with seeing 70% + of your investment vanish. This is Bitcoin.

Frankly I just need to stay away from margin trading. HODL is free , margin isn’t.

[cAPSLOCK]

You know that run up to the time you finally, but gently launch up from the bed and stagger, eyes watering, to the toilet... get on your knees, throw back the lid and take a couple more cold, short breaths before you wretch your guts out.  Probably three, maybe four good spasms of agony and acrid taste, then a couple more deep breaths, and of course the encore as you struggle to even produce much more than thick drool with each dry heave.

And finally... you feel the incessant misery that has been building up for an hour receding as you stagger up and rinse out your mouth.  It's over.  And you are going to be OK damn it.  In fact you will be just fine.

Well.

We are not quite to that time yet, I am sorry to say.

But it is very close.

And when we are all done, and about to tuck back in bed to rest peacefully...

One of you.

Will be able to ask:

"Who sold at the bottom!?!?"

[gentlemand]

The only time my minge will constrict is if it hits $250. Until then I don't really care. The future is shinier than Sirius A after rolling out of a hand car wash.

[jojo69]

I'm going to miss the mayor though

[criptix]

Seeing the volume we might flash crash to the 5k area where we will bounce up.

Im still thinking we will retest 6 k again...

[pacman7331]

The only time my minge will constrict is if it hits $250. Until then I don't really care. The future is shinier than Sirius A after rolling out of a hand car wash.

I remember my first coins were at 240. Would love to get those back. But i suspect it would mean no more btc. Miners would quit mining.

[d_eddie]

What do you think is going on?  

Other than miners dumping to pay their bills, and the whales shorting? And Average Joe not jumping in to buy because he scared?

Not much else.

I'm disappointed that you, of all the distinguished gentlemen in this fine room, didn't come up with some fascinating, food-for-thought explanation.

[HairyMaclairy]

The only time my minge will constrict is if it hits $250. Until then I don't really care. The future is shinier than Sirius A after rolling out of a hand car wash.

I remember my first coins were at 240. Would love to get those back. But i suspect it would mean no more btc. Miners would quit mining.

Difficulty adjusts.  Plenty of old ASICS around.   On that note: 

Antbleed:  Bitmain backdoor to 70% of global hashpower. 

http://www.antbleed.com

[Elwar]

I'm surprised at so many Legendary posters here today.

I guess the n00bs all ran back home to their fiat.

And the legacy finance trolls have not yet created their new accounts.

The rest of us are here for an online support group.

Chins up gentlemen!

[bitserve]

BTC Dominance: 44.2% --- It is rising .1 each half an hour.... (or, in other words, alts keep deflating at a way faster rate)

[Ibian]

You know that run up to the time you finally, but gently launch up from the bed and stagger, eyes watering, to the toilet... get on your knees, throw back the lid and take a couple more cold, short breaths before you wretch your guts out.  Probably three, maybe four good spasms of agony and acrid taste, then a couple more deep breaths, and of course the encore as you struggle to even produce much more than thick drool with each dry heave.

And finally... you feel the incessant misery that has been building up for an hour receding as you stagger up and rinse out your mouth.  It's over.  And you are going to be OK damn it.  In fact you will be just fine.

Well.

We are not quite to that time yet, I am sorry to say.

But it is very close.

And when we are all done, and about to tuck back in bed to rest peacefully...

One of you.

Will be able to ask:

"Who sold at the bottom!?!?"

Me. I sold at the bottom, at the time. That was 500 bucks ago or so. Waiting for a new bottom to rebuy.

[Elwar]

BTC Dominance: 44.2% --- It is rising .1 each half an hour.... (or, in other words, alts keep deflating at a way faster rate)

As we said on the way up, buying an alt is like buying BTC on margin. Great when the price is going up but on the way down...not so good.

[pacman7331]

Could 7575 be the bottom?

[Toxic2040]

Good evening all. I dont know what you all are doing but if bitcoins price is any indicator, I hope some are enjoying the night with some adult libations.

Overview of March of 2017 and the following year. It was a dismal March last year as well..it turned very quickly right at the end of the month as I recall.


I think there is a chance we could test support below what we are seeing today but also believe that many are starting to think that coins are looking cheap again. Hang in there...the tide will turn.

#btfd #hodl #dyor

[bones261]

Could 7575 be the bottom?

[cAPSLOCK]

Could 7575 be the bottom?

I doubt it.  ~7200 *could* be though.  But that's the first stop.