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

[HairyMaclairy]

Probably, but... Look at the order books.

I wouldn't know.  I don't look at them.

[1714198529]

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[1714198529]

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[bitserve]

Probably, but... Look at the order books.

I wouldn't know.  I don't look at them.

I do. And I know all the ways it can mean nothing but.... current proportion in bids vs asks is really big. Just saying.

[infofront]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

[HairyMaclairy]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

I have been waiting for two years to retest $1166.  Even I don't think we will get there. 

[Biodom]

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.

It is very hard to quickly turn around an aircraft carrier sailing at 30 knots.  Not impossible but very hard.  

not making that trade en masse, but someone will.
will probably buy a bit soon, though.

[Searing]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

I have been waiting for two years to retest $1166.  Even I don't think we will get there. 

well my view is asic mining if only the altcoins is dead...if 2 groups can simply toss $$$ around at a loss for power games with bch and btc and tank all the altcoins

hard do see how mining is gonna work out with all those coin and not a lot of adoption or volume...the point eventually could be made for btc mining as well..but not yet

what a sh*tstorm

brad

[somac.]

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.

It is very hard to quickly turn around an aircraft carrier sailing at 30 knots.  Not impossible but very hard.  

Yeah, I'm not really seeing any bounce happening for a while, the order book on the sell side was very thin a couple hours ago and nothing no bounce. Seems no one has any money or incentive to buy at this price.

[Elwar]

4k bitcoin buy wall on Bitfinex at $3,500.

All past experience indicates that whoever is trying to drop the price wants it to crash below $3,500.  

This is not cool.

[bitserve]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

One have to recognise that once the price dropped to $150 that was somewhat close to double digits though. As it would be any $1xxx price close to three digits.

[Biodom]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

I have been waiting for two years to retest $1166.  Even I don't think we will get there. 

well my view is asic mining if only the altcoins is dead...if 2 groups can simply toss $$$ around at a loss for power games with bch and btc and tank all the altcoins

hard do see how mining is gonna work out with all those coin and not a lot of adoption or volume...the point eventually could be made for btc mining as well..but not yet

what a sh*tstorm

brad

the current conundrum does bring problems in POW coins (short term), but POS or premine stuff tanks just as well or more.

[somac.]

4k bitcoin buy wall on Bitfinex at $3,500.

All past experience indicates that whoever is trying to drop the price wants it to crash below $3,500.  

This is not cool.

looks like we'll be getting down there soon

[HairyMaclairy]

What bothers me is we are getting well ahead of schedule.   We shouldn't be into $3k before January. 

[Searing]

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.

It is very hard to quickly turn around an aircraft carrier sailing at 30 knots.  Not impossible but very hard.  

Yeah, I'm not really seeing any bounce happening for a while, the order book on the sell side was very thin a couple hours ago and nothing no bounce. Seems no one has any money or incentive to buy at this price.

people are selling to set aside for the tax man, and for xmas, and they DON'T like me want to work for anyone anymore after having a good run as a crypto business data hall or mining or whatever...thus

will have to burn coin as a hedge or work for someone else again....some of what is going on is that...paying off that data hall building as a hedge...setting a plan for $$$ for staying retired 3 years early

stuff like that is really also mucking this up..also FUD , the BCH wars where you toss $$$ around at a loss on BTC for ego, and of course the usual FUD that will be epic...

don't the forget the SEC is likely to tell all of us crypto types to go fish on an ETF from this mess...and mt gox  is still going to dump all that BTC in Feb/March of 2019


yeah...interesting times indeed

brad

[somac.]

What bothers me is we are getting well ahead of schedule.   We shouldn't be into $3k before January. 

whats bothering me is the lack of any bounces for months now, flat or down, that seems to be it.

[HairyMaclairy]

$3638 on Bitstamp is the bottom of the little triangle.  If we break that on Bitstamp, good chance all hell will break loose again.  

[somac.]

$3638 on Bitstamp is the bottom of my little triangle.  If we break that on Bitstamp, good chance all hell will break loose again. 

doesn't look good

[Biodom]

What bothers me is we are getting well ahead of schedule.   We shouldn't be into $3k before January.  

We are doing it ahead of schedule because it had to be done before Bakkt and ETF are operational. Nobody on WS opens up a brand new venue during the shitstorm.

Notice how neatly GBTC started trading just as the bear was on the last legs in 2015 and just as it started, there was the last good pulldown before the train left the station for a 2015-2017 run up.

[Searing]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

I have been waiting for two years to retest $1166.  Even I don't think we will get there. 

well my view is asic mining if only the altcoins is dead...if 2 groups can simply toss $$$ around at a loss for power games with bch and btc and tank all the altcoins

hard do see how mining is gonna work out with all those coin and not a lot of adoption or volume...the point eventually could be made for btc mining as well..but not yet

what a sh*tstorm

brad

the current conundrum does bring problems in POW coins (short term), but POS or premine stuff tanks just as well or more.

true...but the hardware games can be taken out of the politics with masternodes..gamed still but no longer as concentrated with say Bitmain in control of many algo's etc

but then again folk used to tell me to get into silver and gold ..never did..just trading and hodl'ing was not my thing then...so without adoption and mining and just store of value

we could be in a fix where BTC has enough use to be 3k to gold's 1.5k and just go sideways in price for years as well in that form...boring

again I did not sell any at the high so obviously, I have no idea wtf I'm talking about ...just to be clear to any impressionable minds who did not drink as much kool-aid as myself back in 2013

brad

[HairyMaclairy]

[somac.]

What bothers me is we are getting well ahead of schedule.   We shouldn't be into $3k before January.  

We are doing it ahead of schedule because it had to be done before Bakkt and ETF are operational. Nobody on WS opens up a brand new venue during the shitstorm.

Notice how neatly GBTC started trading just as the bear was on the last legs in 2015 and just as it started, there was the last good pulldown before the train left the station for a 2015-2017 run up.

I hope you are correct