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

[YourMother]

Buy every BTC in sight and thank that mentally disturbed creature Craig Wright for making this discount happen



Notice how BTC started dumping like a rock without any bounce right after this tweet and the creation of Shitcoin SV



It's Craig Wright who's been selling all this BTC on the market and pumping his Shitcoin SV in a pathetic second attempt at flippening BTC after failing with Shitcoin Cash back in 2017

If you still don't believe that it's that mentally disturbed loser behind it, then check how correlated the two markets BTC/BTC SV are



BUY THE FUCKING DIP

I agree with you 100%.  I am suprised more are not talking about it.  I think he is not the only whale to be doing this as well.

The only part that bugs me is why would you say shit like that... hurt the price... then sell?

It's because he's trying to force the flippening, and the current bear market is only helping him in this situation. I mean, just look at the market, Bitcoin is dumping like a fucking sack of potatoes, without any bounces (except the one to 4k+).

I dare you to find a similar pattern starting with 2013-2014. Even during the capitulation of 2015, where Bitcoin was considered a worthless ponzi scheme and the general sentiment was just negative, you had healthy bounces after every drop. This shit right now is just made out of vertical lines to abyss. It's clear that this nut case is probably dumping the bitcoins he stole from his dead friend Dave Kleiman into the markets in order to make it look like Bitcoin is crashing and people are running to Shitcoin SV. It's the exact same shit that happened back in 2017 with Shitcoin Cash

Craig Wrong has timed this thing perfectly. He has managed to leverage the current bear market into his favor

[empowering]

200 Weekly MA is within sight

[bitcoinminer42]

$3,289 new yearly low on Stamp now - How much lower can we go?

This must be capitulation now, surely!

it more feels like

I’m buying on the way down but I have enough bitcoin.

I don’t want this. The way it’s going we could be in 3 figures by Feb.

How long before all miners turn off their machines, what then?

i'll let a few run... promise  

well... i think the point is... at $1... i know at least 2 person who would buy all the available coins...

so for me the bottom is $1.01

and i imagine that a lot of u also know some guys doing this...
soo... the bottom will be anywhere between $1.02 and $3249 

[gentlemand]

How long before all miners turn off their machines, what then?

No one other than miners needs to give the remotest shit about mining. It's their problem, not ours.

If they can't cut it, someone else will be along who can. The absolute worst case is sluggishness in the chain for a while until difficulty drops make it profitable again.

[willope]

How long before all miners turn off their machines, what then?

No one other than miners needs to give the remotest shit about mining. It's their problem, not ours.

If they can't cut it, someone else will be along who can. The absolute worst case is sluggishness in the chain for a while until difficulty drops make it profitable again.

Like this?
https://www.blockchain.com/charts/difficulty

[rafanadal]

I don’t want this. The way it’s going we could be in 3 figures by Feb.

 

[El duderino_]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

LONG TIME NO SEE
=EXXXXXXTREEMLY BULLISH

MAXIMUM REVERSE INDICATOR

[bitcoinminer42]

How long before all miners turn off their machines, what then?

No one other than miners needs to give the remotest shit about mining. It's their problem, not ours.

If they can't cut it, someone else will be along who can. The absolute worst case is sluggishness in the chain for a while until difficulty drops make it profitable again.

Like this?
https://www.blockchain.com/charts/difficulty

more like this... but yes 
https://www.blockchain.com/charts/difficulty?timespan=all&scale=1

[Hueristic]

The only thing thats going to come out of this is the bankers are going to own the majority of coins as the plebs sell in fear.

[LFC_Bitcoin]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

LONG TIME NO SEE
=EXXXXXXTREEMLY BULLISH

MAXIMUM REVERSE INDICATOR

mic you must be worrying?
I am to be honest, I can’t believe it. Week by week we’re dropping. There literally is no support, we just go through every one like a hot knife through butter.

I’m getting really pissed off tbh!

[Whtwabbit]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

Guess we are heading back to arable land as a store of wealth

[proudhon]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

LONG TIME NO SEE
=EXXXXXXTREEMLY BULLISH

MAXIMUM REVERSE INDICATOR

Bitcoin should never have been traded for more than $1000, and I consider the whole period above $1000 some kind of crazy blip fueled by manipulation. It's now dropping to where it should have been all along, sub $1000. And once it does go definitively below $1000, don't expect it to ever recover above it again. By 2024 bitcoin won't even be a thing.

[yefi]

Yes, but last December was insane going up. It could be insane going down too. Hardly anyone believed 20 grand was possible until it was.

But just as it was at the $19,990 level for a tiny amount of time, it would be the same tiny amount of time for the ultimate low. They're both bubble pops, just in different directions.

Triple figures would definitely cause massive redistribution, but it would also be plain fucked up. More so than double figures would've been actually, as at least that wouldn't have broken long-term momentum. I wouldn't expect us to dig our way out of that ditch for a long, long time.

[bitcoinminer42]

can u feel the panic, too?
looks like rocket fuel to me  

the case is... 1 BTC is still one BTC... USD ist still in the control of the FED... and the greed is still there...

so what changed?

right...

NOTHING! 

[mindrust]

who is who in this drawing 

Panic sell is me in 2014
Panic hodl is me now.

I knew I should have sold them so I could rebuy cheaper but I couldn't move.

[yefi]

Holy £$%£$! Proudhon's here, it's the bottom after all!

[empowering]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

LONG TIME NO SEE
=EXXXXXXTREEMLY BULLISH

MAXIMUM REVERSE INDICATOR

mic you must be worrying?
I am to be honest, I can’t believe it. Week by week we’re dropping. There literally is no support, we just go through every one like a hot knife through butter.

I’m getting really pissed off tbh!

Hmm there is support, we are just starting to find it now though.. thats the problem with the huge rapid run up end of 2017, is that there was no support created along the way.. there is now some form of support between $3500 to $1150 IMO


(looking to see if we have a short term support and bounce $2800 to the 200 weekly MA $3150 ish)

[jonoiv]

Selling my property at the moment in the UK.  praying it stays low until the fiat is in my account.

[qwizzie]

I wonder if there could be tax reasons for possibly concluding the dump before the start of the new year ?

[Hueristic]

I got some bids at 999, in case of a fat finger. That shit happened at Finex yrs ago, flashed to 100.

I remember that and missed it dammit, good idea.