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

[Last of the V8s]

if you were quick, 20% could have been had on these rumours.


or one could have attended the BCH Seoul conference earlier today

[HairyMaclairy]

Coinbase isn’t going to list a coin designed to get rid of Coinbase. 

[Last of the V8s]

Coinbase isn’t going to list a coin designed to get rid of Coinbase. 

quite. but noob alt traders be like

[HairyMaclairy]

Ok motherfuckers.  We are at the bottom or close to it.

Sell pressure will ease after April 17 (US tax payment day) and Bitcoin will bounce. 

We may wobble a bit between here and there but I doubt we will get as low as $5k in the next 12 days.

[B1tUnl0ck3r]

Coinbase isn’t going to list a coin designed to get rid of Coinbase. 

quite. but noob alt traders be like

I am sorry, but I find that this woman did try. And that's worth saluting . And apparently she isn't insulting or degrading or anything negative, but just in between 2 galaxies...

so thumb up, heart, friend request and peace sign !

hug noob.

[Torque]

https://twitter.com/CNBCFastMoney/status/981944880388825091
@CNBCFastMoney2 hours ago
Attention crypto universe! @coinbase President @AsiffHirji will be making a major announcement at 5 pm ET. You do not want to miss this.

https://www.youtube.com/watch?v=d9E9VlWkbjI

I gotta be honest, Asiff Hirji is a WAY better speaker and spokesperson for Coinbase than Brian A. ever was. And he handles the press really REALLY well. I can see why he's president. Kudos to them!

Oh and btw, the announcement is that they are launching a crypto VC fund. Man, they must really be flush with cash! Lol. 

[RoomBot]

Basically I'm thinking I don't know what I was thinking not selling at $19k or at $14k. I totally capitulated in spirit around $7900. We're now a thousand below that and I'm thinking, what will I be thinking in another 3 months.

Hindsight is a bitch, and most of us are probably in the same boat. As long as you believe in Bitcoin, it will all work out.

I just want it on the record that I do not want any more cheap coins. My TA lol tells me we're casting pearls before swine at these prices.

Remember that in 2020 at the next halvening....

[RayX12]

Looks like today The Bear is ...



And after ..



But SOOOOON....

[realr0ach]

For everyone claiming bitcoin is already in a bear market - yea, the price is imploding and everything, but I'd say the vast majority of people in craptocurrency are all still way up.  The bottom of a bear market is when most people are either underwater or somewhere near break even.  This is why capitulation has probably not occurred yet and you should not be surprised to see the terror wave rolling through eventually.

[Hueristic]

Coinbase isn’t going to list a coin designed to get rid of Coinbase. 

quite. but noob alt traders be like

I am sorry, but I find that this woman did try. And that's worth saluting . And apparently she isn't insulting or degrading or anything negative, but just in between 2 galaxies...

so thumb up, heart, friend request and peace sign !

hug noob.

Or she is making fun or Star Warts.

[realr0ach]

Nice (but high price over spot) 20 oz silver bear vs bull statue (only 1000 made, though):



https://www.jmbullion.com/20-oz-antique-finish-bull-and-bear-silver-statue-set/

[Majormax]

For everyone claiming bitcoin is already in a bear market - yea, the price is imploding and everything, but I'd say the vast majority of people in craptocurrency are all still way up.  The bottom of a bear market is when most people are either underwater or somewhere near break even.  This is why capitulation has probably not occurred yet and you should not be surprised to see the terror wave rolling through eventually.

Maybe so, but there will be a bounce or several along the way.

It may take some time.

[Majormax]

Ok motherfuckers.  We are at the bottom or close to it.

Sell pressure will ease after April 17 (US tax payment day) and Bitcoin will bounce. 

We may wobble a bit between here and there but I doubt we will get as low as $5k in the next 12 days.

I will watch the action carefully around that date.

I am not sure that tax selling has a lot of effect. Other forces are much larger.

There may be a bounce, but it is likely to have another driver.

[bones261]

Ok motherfuckers.  We are at the bottom or close to it.

Sell pressure will ease after April 17 (US tax payment day) and Bitcoin will bounce. 

We may wobble a bit between here and there but I doubt we will get as low as $5k in the next 12 days.

I will watch the action carefully around that date.

I am not sure that tax selling has a lot of effect. Other forces are much larger.

There may be a bounce, but it is likely to have another driver.

I agree. First of all, I am not convinced a high percentage of American's that have profits to report from cryptocurrency, are bothering reporting it. If someone is a day trader, it's a nightmare. Second, many of those who are honest and report have already sold their coins and paid. One should pay quarterly to avoid penalties. If not quarterly, then one should pay Asap to avoid penalties. There may have been many who simply held out, hoping for a better price. However, I do not think this is a huge factor in our current bearish market.

[illyiller]

Is it just me, or are we forming a base here? Looks like an accumulation pattern that's aching to break upwards. (Looking at the 30-min - 1-hour charts)

I was all ready for doom too.

[gembitz]

Is it just me, or are we forming a base here? Looks like an accumulation pattern that's aching to break upwards. (Looking at the 30-min - 1-hour charts)

I was all ready for doom too.

\\\\____$3500 looks like bottom however $2500 test would make more sense from $5000 pivot :-D weee

[Ivor Biggun]

Ok motherfuckers.  We are at the bottom or close to it.

Sell pressure will ease after April 17 (US tax payment day) and Bitcoin will bounce.  

We may wobble a bit between here and there but I doubt we will get as low as $5k in the next 12 days.

I will watch the action carefully around that date.

I am not sure that tax selling has a lot of effect. Other forces are much larger.

There may be a bounce, but it is likely to have another driver.

I agree. First of all, I am not convinced a high percentage of American's that have profits to report from cryptocurrency, are bothering reporting it. If someone is a day trader, it's a nightmare. Second, many of those who are honest and report have already sold their coins and paid. One should pay quarterly to avoid penalties. If not quarterly, then one should pay Asap to avoid penalties. There may have been many who simply held out, hoping for a better price. However, I do not think this is a huge factor in our current bearish market.

Bob's not worried about penalties. He's putting off paying until next quarter, and paying the penalty. He's hoping bitcoin going back up in price will offset that penalty.

My accountant just got back to me. It's hell season for him, and dude is flying cross-country dealing with his larger clients.

Delaying a tax payment on $nM from one quarter to the next is negligible. 4% penalty annually (compounded daily so it works out to more than that, actually). The IRS is going to assume I owe 1/4 of $nM of the tax per quarter unless we specify otherwise (which we ultimately will, because I'm strange like that)

tl;dr: 1/4 of a 4% tax payment obligation on $nM, delayed a quarter, is a reasonable penalty in a down crypto market - assuming we don't head even lower in Q2.

Will take my chances and HODL.

[illyiller]

Is it just me, or are we forming a base here? Looks like an accumulation pattern that's aching to break upwards. (Looking at the 30-min - 1-hour charts)

I was all ready for doom too.

\\\\____$3500 looks like bottom however $2500 test would make more sense from $5000 pivot :-D weee

Yup, $2500 zone is my ultimate doom target. It's the area where the Wyckoff spring broke up last year and the bubble really began. It's the biggest base on the 2017 chart besides the $1000 area.

In before we go to $999 (dead srs).

[bones261]

Is it just me, or are we forming a base here? Looks like an accumulation pattern that's aching to break upwards. (Looking at the 30-min - 1-hour charts)

I was all ready for doom too.

\\\\____$3500 looks like bottom however $2500 test would make more sense from $5000 pivot :-D weee

Going all in 100x leverage short on Bitmex!

https://twitter.com/bitmexrekt?lang=en

[Bitcoinaire]

The feeling of doom being right around the corner........