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

[ivomm]

Rick just came home from work and asked "What the fuck is going on with Bitcoin, man ?"

I just shrugged and replied with "No idea, dude."

What do I tell him about this dump ?

I have no idea what's going on.

I think you already gave him a honest assessment. You've set enough aside to carry you to the next halvening. Light some candles, pour a drink, cuddle, and forget about it for a while.

Nothing to worry about for the long term guys. I assume you’re both willing to HODL until 6-12 months after the next halving?

That’s when the real fun will start, what we’ll see until then is just posturing & whales playing around.

6-12 months after the next halving - 1 bitcoin = over $50,000

We are in a unique situation now. Due to the rising difficulty the reward of the miners is the lowest in history. In 3-5 months their profit will be near 0 or a negative number, which means those with an expensive electricity will have to stop mining. Then the difficulty will drop a bit and those with cheap electricity will continue to mine with a very small profit in therm of cents. They will prefer to hold the new bitcoins waiting for much better price. My prediciton is that a new storm of ATH's will come out of this situation long before the next halvening.

[bitebits]

Anyone crying right now should be banned from talking about crypto when we are above the ath next year.

No no no, "those people were just lucky to get in early".

[Ibian]

Anyone crying right now should be banned from talking about crypto when we are above the ath next year.

No no no, "those people were just lucky to get in early".

Been thinking about that recently. I have concluded that there is no such thing as luck.

There are coincidences. Life is one long stream of coincidences. If you have the knowledge and skills to turn coincidence into opportunity, people call you lucky. It looks to me like a defense mechanism of the weak and stupid to protect their own minds.

[Dakustaking76]

There we go were gonne retest the bottom

Bull trapssss everywhere, bitcoin is dead? Like for how many times?

[greensheep]

There we go were gonne retest the bottom

Bull trapssss everywhere, bitcoin is dead? Like for how many times?

more or less 294 times

https://99bitcoins.com/bitcoinobituaries/

[Robin,Hood]

I am telling you Agricultural Bank of China is gone full on rough.
International payment from April 6 still not credited to beneficiary account and not responding to my bank. ABC is one of the 4 big banks in china.

https://bitcointalk.org/index.php?topic=3735530.msg36958301#msg36958301

[Dakustaking76]

There we go were gonne retest the bottom

Bull trapssss everywhere, bitcoin is dead? Like for how many times?

more or less 294 times

https://99bitcoins.com/bitcoinobituaries/

Nice! Laaaal

There we go

Drop incoming
BTC dead incoming 295 times

[Elwar]

I'm scared.

 

[podyx]

Going further down than expected. Anyone know why?

[mindrust]

Going further down than expected. Anyone know why?

A small possibility but It may be that people finally realized bitcoin is nothing more than a pump&dump get rich quick ponzi scheme maybe?

Joke joke. That's not it. USD is gaining power against everything now because of the expected rate hikes. USD will get so powerful in the end it won't carry that power and explode.

[DaRude]

  didn't realize that we crossed $1B in long leveraged on Finex back in December. And added $500MM around April. Now at $700MM  too aggressive those things can break a floor

[Asrael999]

Going further down than expected. Anyone know why?

Because not enough people have been scared enough to sell yet,
there is still to much hope . The down move won't break until we've seen the equivalent of Jan 13-15th  2015 when we saw 200,000 BTC trade on stamp and establish the $159 post 11/13 bubble low. Stamp hasn't seen volume like that (in pure BTC terms) since Nov 16 which is more or less the start of the current uptrend baseline of circa £3k.

[DaRude]

Oh https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe meh

[alecmerkel]

Going further down than expected. Anyone know why?

A small possibility buy It may be that people finally realized bitcoin is nothing more than a pump&dump get rich quick ponzi scheme maybe?

Joke joke. That'not it. USD is gaining power against everything now because of the expected rate hikes. USD will get so powerful in the end it won't carry that power and explode.

I agree with you. My question is what is the expected time table for this? I know it will only be based on your knowledge and really only opinion based. But this drop is making me feel weird...

[Elwar]

Oh https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe meh

Saw that.

Looks like the US is going to go after foreign exchanges.

Finally the US getting involved with the business of other nations.


Oh no, wait. The SEC can only regulate US exchanges. And the US exchanges are basically US government bank exchanges already. So...maybe they will drop bombs on foreign exchanges? That's what the US does best.

[Elwar]

6-12 months after the next halving - 1 bitcoin = over $50,000

But....I want that now. 

Not that I would cash out or anything. I'd still only spend $35k a year to stay in the low income bracket where I don't have to pay taxes.

But still...it would make me feel better.

[Jacques_Bittard]

Is it true that bitcoin is failing because it is running out of greater fools?
Like I feared, BTC is ruining it also for more interesting concepts like EOS 

[swiftapp]

Oh https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe meh

Oh no, wait. The SEC can only regulate US exchanges. And the US exchanges are basically US government bank exchanges already. So...maybe they will drop bombs on foreign exchanges? That's what the US does best.

I think the SEC actually works as a contractor as well to provide their services to countries that desire/pay for them.

[Typex]

Maybe there is some news we havent found out yet that is causing this dump.
Looking at the past year the rsi is currently just above the China ban, Feb 6th and April 1st levels.  I wonder if 6800 will hold.

[Asrael999]

Oh https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe meh

Saw that.

Looks like the US is going to go after foreign exchanges.

Finally the US getting involved with the business of other nations.


Oh no, wait. The SEC can only regulate US exchanges. And the US exchanges are basically US government bank exchanges already. So...maybe they will drop bombs on foreign exchanges? That's what the US does best.

The SEC has the power to assert it's jurisdiction over any global exchange or ICO that accepts US investors. So if just one customer of the exchange or investor in the ICO is US domiciled the SEC can apply US securities law to that exchange or ICO. Note that the SEC does have to work with local regulators as well , there are various treaties that influence what actions the SEC can actually take. If a customer lies about their origin and is subsequently found to be from the US then the ICO/exchange can probably expect hefty fines and investigation by the SEC.