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

[Phil_S]

Just keep riding the waves...

[gembitz]

looking back at the last 10 days we can clearly see the bubble popping and the first good attempt at catching the resulting knife.

you can see that when the bubble popped at ~266$ their was a big dip in price without much volume ( everyone let the knife fall  )
but now at 80-50$ rang we are seeing HUGE volume spikes when their is any kind of movement up or down.
I think if we are not already at bottom, its not too far down...

i came for the beer    weeeee $2500 when?

[El duderino_]

No real explanation for this dump. I’m not really bothered any way, HODLING for at least another 3-4 years any way. Plus I got pretty wrecked last night on wine & other substances, feeling pretty numb to anything tbh.

Can’t wait to get home & smoke a couple of joints before going to sleep.

Mmm the wine/drink/ getting rekt moments ...... the moment When we have ATH Will be one of the most EPIC ones i can imagine myself
Eeeeeuhm maybe not This saturday Will be a rekt one as well 
Only have to go to a NOCOINER wedding   

Mmm how to take maximum advantage of This fools selling dip

[El duderino_]

https://medium.com/@hasufly/evangelizing-bitcoin-729e6fc4cd2f

Nice read......

[Tzupy]

well this sucks

I think I'll go hit my thumb repeatedly with a hammer for a while.

Yeah, it sucks... Still, I don't think you should, quoting "hit my thumb repeatedly with a hammer for a while", this won't help with the price action.

[becoin]

No real explanation for this dump.

It is really simple. BeeCash huge stop loss triggered. Bitmain is selling bitcoins to defend its corporate coin.

[fabiorem]

[hodl_2015]

6200$ ....

If TSLA hits $420 exactly when BTC dips to $5900, I could see myself hodling some more.

[gembitz]

No real explanation for this dump.

It is really simple. BeeCash huge stop loss triggered. Bitmain is selling bitcoins to defend its corporate coin.

BeeCash new sheriff in town   >_> imo think it's time for BTI and Amaury to disrupt these Chinese provocateurs.

" Jihan Wu is a co-founder of Bitmain and a prominent supporter of Bitcoin Cash. He was ranked one of the ten most influential figures in the blockchain world by Coindesk in 2017. "

[xhomerx10]

[infofront]

Wyckoff schematic analysis:

[Raja_MBZ]

Bitcoin back to where it was 27 days back:

[kingcolex]

These last few days have been painful, not really too certain on why the crash is happening too.

[gembitz]

*poof!*

 

weeeeee

[ssmc2]

We need more capitulation and more volume!

[mindrust]

No real explanation for this dump.

It is really simple. BeeCash huge stop loss triggered. Bitmain is selling bitcoins to defend its corporate coin.

This is good for bitcoin. Just snatch those cheap coins before they decide to get back in.

Sooner or later they'll decide to get back in. Trust me, whoever might be selling right now doesn't know any other game than crypto. He is just trying to  make you panic sell. I hope it goes as low as $3k so that retarded shit will be left with no coins.

Any price under $20k is cheap and anything under $9k is a bargain.

See Mayer multiple if you don't believe me:
https://twitter.com/TIPMayerMultple/status/1027266749060861953

[Searing]

Bitcoin back to where it was 27 days back:

What a waste of time.

Sheeit.

Aug 7th  2017  $3,638.38 usd seems the last year was but a 'dream'  but still better ....not sure what to think....currently $6,335.00 usd btc.

My view is NOW it will bounce below 5K in that even big miners (data halls) can't pow scrypt mine ANY crypto BTC or whatever at these prices and not be at a loss....thus

they have bankers to pay etc. So I expect a big dump of btc and crypto. Or at least what I've been told by a couple of owners of such.

The choice is pay off the debts/banks and any loans with crypto. If it all goes tulips and the folk pull their contracts for miners or you are under water..you at least salvage the building

and shut your stuff off (hopefully for now). I'm talking 200 -500 unit data halls. Hell, I doubt bitmain is even making $$$ at these prices over costs...at least for their stuff in the states.

so, with those folk, in HODL mode, due to revenue and that revenue goes away as folk shut down....again gonna be ugly yet I think

brad

[Torque]

[JayJuanGee]

https://www.newsbtc.com/2018/08/08/fud-fueled-crypto-market-dumps-25-billion-in-24-hours/

We're 9.5% down in 24 hours?! Is that how much we fell? REALLY?!

Once again traders and hodlers have been suckered into the FUD frenzy and are selling out of crypto. It was hardly as if this decision wasn’t expected and nothing else has really changed in the ecosystem. Total market capitalization has plunged 9.5% on the day resulting in a loss of almost $25 billion. They are currently at their lowest point in 2018 which is just over $231 billion and the bear market is still in full effect.

Aren't you able to do your own math and assessment too?  Is 24 hours an important measurement?  Don't we need to look at both the UPs and the DOWNs and the context before we get worked up about whether 24 hours was a 7% or a 9% or a 20% drop? 

Furthermore, if we are attempting to time a little bit short term, then context becomes even more important to determine whether and how much we buy (or sell - which would be dumb) now or wait for the next price move before taking some kind of buy/sell action. 

Of course, my own portfolio has been in a dominantly buying situation since the price rise to $8,500 with my first buys occurring around $8k and so far down to $6,300 with my next buys set for a bit above $6k...   So if we look at the local top, and perhaps I am helping you out too much, then we might see shorter term significance coming from the period in which we came down from $8,500 to nearly $6,100, which is approaching a 30% drop - well 28.2% to be more specific. 

Anyhow, part of my point remains that any attempt to quibble with numbers provided by someone else (whether in an article or in a post) is to consider the context in which the numbers are presented and attempt to determine if that context is very relevant or if a different context would be more relevant (especially for your own considerations about either what to do or how to perceive the situation).

[JayJuanGee]

I voted in the last option in the pool.

But we are still at 7k.

OR

OR

Get the fuck out of here with your stupid-ass simplistic "tether manipulation" propaganda talking point(s).