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

[bluebits]

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[HairyMaclairy]

I’m too intoxicated to work this out.  

[Elwar]

Probably better that the weak hands sell off at these prices.

At higher prices their weak hands would have more affect on the price.

[milkshock100]

I think that's it for this particular leg down.

[Globb0]

Blue Square ?

[HairyMaclairy]

We should still expect to take a shit kicking on Saturday night

[Elwar]

I showed my gf how to sell bitcoins on localbitcoins in Thailand. The last few days have been quite active. She made $30-$40 per day the last few days.

Considering the average monthly income there is about $300 she's doing pretty well. She was able to work her way up to 1 BTC while only pulling out money occasionally to pay for things.

[rjclarke2000]

yes Saturday is batterday

[Globb0]

We should still expect to take a shit kicking on Saturday night

And then rise again on Monday ?    

[Vlada69]

Please join me in moment of silence for 99% of altcoinz

[LFC_Bitcoin]

Down below $7000 in 3.....2.....

[HI-TEC99]

I think that's it for this particular leg down.

There was a dump below £1000 in late March 2017. Late this March we got another dump, and next year we will probably get another dump in late Match. Hopefully next year we will be pissed it dumped below $100k in March.

[RealMachasm]

Trust me guys, it's all over.
The same people that pushed the price up to its ATH by buying at any price with their printed fiat are now unloading for peanuts.
We all know who 'those'  people are.
Did you really think they'd sit back and let digital currencies end their bankster system that the whole world is enslaved to?

This doesn’t make sense to me.
I can understand how the price could be manipulated by buying a shitload of BTC in the Non/Dec ‘17 run up and then causing panic by dumping it all. But there s a finite number of coins available right? So the manipulators (whoever they may be) can only dump the coins they had when they bought right?
If I am not mistaken, those coins are now in the hands of other people (Holders, minnows, suckers, call them what you like). So the distribution of BTC continues.
The value for those people isn’t always measured in dollars. For many it is about the fundamentals of what Bitcoin is. You can still send some value (whatever that is) to someone else halfway across the world almost instantaneously and with little to no fee. Cutting out the greedy banks and being fully responsible for your own wealth.
These fundamentals have not changed, in fact, it is now even stronger. LN, rootstock and larger and larger infrastructure (more atms etc).
If people are just trying to make a quick buck then watching the value against the dollar like this is probably going to freak you out.
Staying cool and believing that Bitcoin will see us to a brighter future long term is a much less stressful existence.
Hey, look at where we were this time last year or even two years ago!

[Majormax]

Starting to look like that....all the friends and relatives are 'piling on' that I am an Idiot..and that I should sell, sell, sell it all!

Luckily, (or unluckily depending on how low BTC and ALTS dump) ...I am essentially 'immune' to peer pressure on such...however...they are sooooo wound up about it

I may cause a couple coronary's among my friends... (hmmmm)

....1.  For the vulnerable ones : Tell 'em you sold your BTC 'to avoid total loss'. Then try (!) not to mention it again. They will soon forget about it. ... Flaw : Impossible for you to keep quiet in future....


Here lies my confusion... WTF does it matter if I take a flyer on crypto?

....2.   Pretend the price is now at 2k, with alts worse. Add up your total crypto worth. Not worth selling now ? Just Hodl and concentrate on other stuff. Hell, you must have taken this sort of risk again and again since 2013.  as you say , does it matter ?...

it is that 1.5 billion USD hanging out there from mt. gox that is the cause of all this IMHO

...I dont think MtGox is an issue.  This is just a Bear Market/ Crypto Winter that was ready to roll anyway. It may need 2 years + to shake out all the weak hands. Think 2014... not a pleasant thought, but we made it through that one. (how did you manage then  ?)
 

Sell a very little now and again if you want to make yourself feel better. Then just hunker down.

I have 2 fulltime businesses to run (unconnected with Crypto), so my attention was fully taken in 2014-16.  Start a new venture.


Just my 2c

[Torque]

Already old news? 3 hrs ago

https://twitter.com/whalepool/status/979535185321570304
Looks like @OKEx_ will be rolling back balance data to Hong Kong 5:00, March 30
They will settle all the open interest and issue new contract and resume by 15:30 Hong Kong time
This is the proper decision. Total deviation occurred at this point. Fair outcome.

So let's recap:

1. OKEx announces that it will halt BCH trading because of admitting to low liquidity.

2. Whale traders smell weakness and assume that OKEx has very low liquidity across ALL cryptocurrencies trading including Bitcoin. (We know they're basically wash trading everything)

3. Whale traders go running the stops on Bitcoin Futures.

4. Leveraged longs get massively liquidated.

5. Some leveraged longs whine, complain, and feign suicide.

6. In response, OKEx decides to roll back trades.

7. WTF? Seriously??

[pacman7331]

We should still expect to take a shit kicking on Saturday night

Rsi is so fcjkin low. How much lower is it gonna go? Bears got some balls.

[El duderino_]

Down 2000 , up 500
rinse and repeat.

Yeah, whatever everybody is saying on charts and..... its a fact that for the moment the market given us a pump little higher than the last one and dips down to pump again but allways with little lower ending .....  i don’t have a problem with This , i Just hope its breaks out and don’t give to much chance to the f****** Guy’s that knows better and allways telling me i read in the articles BTC is Going to go to 2K and then i Will buy iT and blabla while they have such a Nice uppertunity to start buying allready , i even would hate iT if Some of the f**** buy @this prices please leave them in the dust , all these i know better Guy’s whitout any longterm picture....

[fabiorem]

And still there will be people repeating like parrots that this is not a bear market.

Dozens upon dozens of new threads of panicked newbies spamming every day in this forum, and they will say it is not a bear market.

And dont think you can comfort them by talking about the price of two years ago, if these newbies arrived only two months ago. They will panic anyway, as they are losing money.

[Ted E. Bare]

This start of the year was bad.

[Majormax]

Most of the ppl in Crypto (speculation) have a very short time horizon.  A days action may seem like a lot.

They find it difficult to see the longer term picture. That is why there is so much conflicting opinion.


A view on price always has the caveat of a time frame.