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

[Last of the V8s]

Yesterday's dump was because of some miner who transferred 2500 BTC in Bitfinex and sold directly. He was not a trader, because a several hours earlier, he could have sold to an ask wall of 1180BTC at 4230$. This guy clearly went above the electricity expenses and decided to take his profit. May be he read the old news article: https://coinnounce.com/cryptocurrency-regulations-in-china-the-journey-and-the-current-status/
When Chinese n00b miners read about the incoming ban (it will happen very soon indeed), I imagine how nerveous they get to sell their precious BTC's only to be able to pay the electricity and other expenses. I hope this year we will lose forever those weak hands and be able to recover in the ATH area at least. But even if these imbecile dumps hold us for another year, after the halvening we will shoot to the moon!

Can I ask where you got this info from?

Obviously where we all get our information from, rumors and straight out of our asses.

Surely we can see with some degree of accurateness that this postulation bears a degree of accuracy while at the same time and notwithstanding however we can also posit that toxic's chart from a few pages back also exhibits the single whale theory with a surely more level of accuracy, where we witness the same amount of bitcoins being bought up at a low price thereinafter or later if you prefer that formulation being sold or perhaps indeed dumped at a higher or perhaps we could call it better price, notwithstanding the third theorisation that i personally have seen being bandied about these interwebs that it was all due to an ethereum whale buying up on bitmex setting huge walls and i personally suspect that this might have potential for being the most likely reason for the recent dumperunio because the volumes on mex for eth in the past week or perhaps we could more accurately term it 8 days haha show these large buys pumpening up the pricitudes and then dumping yesterday. so while we can say with a certain degree of accuritude that your assertional statement of out of our assitude has a reasonable ring to it we can also state that there are some figures and other datas on the interwebs which back up these rumorifications

[HairyMaclairy]

CBOE newsletter says Cryptowinter may be Thawing

[El duderino_]

Bitcoin is a bloodless and silent revolution.

It doesn't care what you believe.

It doesn't care who claims what.

It doesn't care what you expect.

It doesn't care what you think.

It doesn't care what you like.

It doesn't care how you feel.

It doesn't care if you insist.

https://twitter.com/alecziupsnys/status/1099829955469418498?s=21

[fred1111]

There will only be 818,913 more bitcoin mined before the next halvening event.

That is only $3 billion worth of bitcoin.

Let bears enjoy a few extra percentage points.

Worrying about catching the exact bottom is like trying to pick up a penny in front of a steamroller.

https://twitter.com/alecziupsnys/status/1099746204433506304?s=21

Well nobody new is buying at the moment, let alone $3B of new money. Down we go.

[HairyMaclairy]

There will only be 818,913 more bitcoin mined before the next halvening event.

That is only $3 billion worth of bitcoin.

Let bears enjoy a few extra percentage points.

Worrying about catching the exact bottom is like trying to pick up a penny in front of a steamroller.

https://twitter.com/alecziupsnys/status/1099746204433506304?s=21

Well nobody new is buying at the moment, let alone $3B of new money. Down we go.

Someone is short. 

[Last of the V8s]

the billion dollar eth play on mex

[bitserve]

There will only be 818,913 more bitcoin mined before the next halvening event.

That is only $3 billion worth of bitcoin.

Let bears enjoy a few extra percentage points.

Worrying about catching the exact bottom is like trying to pick up a penny in front of a steamroller.

https://twitter.com/alecziupsnys/status/1099746204433506304?s=21

Well nobody new is buying at the moment, let alone $3B of new money. Down we go.

Your opinion has been carefully noted. Thanks for participating. We will call you next year if you are right.

In the meantime maybe learn something about resistances and supports.

P.S.: A little hint to enlighten you:

I'm constantly monitoring the price of BTC, but we struggle to stay at $4,000 level.

Any chance for the 2nd pump?

What price will we land next?

Either 3.7 or 4.2 probably. Sideways in the meantime.

[Phil_S]

https://www.baltimoresun.com/business/real-estate/fl-bz-solar-powered-floating-home-20190214-story.html

[El duderino_]

https://www.baltimoresun.com/business/real-estate/fl-bz-solar-powered-floating-home-20190214-story.html

Thats elwar’s place isn’t it?

[El duderino_]

There will only be 818,913 more bitcoin mined before the next halvening event.

That is only $3 billion worth of bitcoin.

Let bears enjoy a few extra percentage points.

Worrying about catching the exact bottom is like trying to pick up a penny in front of a steamroller.

https://twitter.com/alecziupsnys/status/1099746204433506304?s=21

Well nobody new is buying at the moment, let alone $3B of new money. Down we go.

Another troll hits the WO

[LFC_Bitcoin]

https://www.baltimoresun.com/business/real-estate/fl-bz-solar-powered-floating-home-20190214-story.html

Now THAT is what I’m talking about. Could maybe do with a few more blacked out windows, nobody wants to see you jerking off on the sofa.

Another troll hits the WO

Send him a personal invite to the thread of trolls & NOCOINERY

[HairyMaclairy]

the billion dollar eth play on mex

Bitcoin still doing at least twice that on Mex.  But Mex volume is fake as fuck.  I have never had $70 slippage on another exchange, I don’t care how big the move. The slippage on Mex is just outrageous. It’s liquidity is worse than HitBTC. 

[bitserve]

the billion dollar eth play on mex

Bitcoin still doing at least twice that on Mex.  But Mex volume is fake as fuck.  I have never had $70 slippage on another exchange, I don’t care how big the move. The slippage on Mex is just outrageous.

$70 spread? Maybe I should go there for my scalping. I could make a living out of that if real. How much are the fees for market makers (limit orders not big volume)?

[HairyMaclairy]

Not spread, slippage.  As in you place a market stop loss at $3650 and it executes a market sell at $3570.  

[bitserve]

Not spread, slippage.  As in you place a stop loss at $3650 and it executes a sell at $3570.  

But that depends on how big your order is. Nowadays I just play with multiple fraction of a BTC orders, so no slippage for me.

Stop losses always have had an ugly outcome. That's why I never use them.

[HairyMaclairy]

Except on Mex even a tiny order can have massive slippage.

Which I think shows their books are cooked.  

Stop losses have their place on a proper exchange.  You need tools to take you out of a position if the market turns.

[Majormax]

There will only be 818,913 more bitcoin mined before the next halvening event.

That is only $3 billion worth of bitcoin.

Let bears enjoy a few extra percentage points.

Worrying about catching the exact bottom is like trying to pick up a penny in front of a steamroller.

https://twitter.com/alecziupsnys/status/1099746204433506304?s=21

Well nobody new is buying at the moment, let alone $3B of new money. Down we go.

Well, that doesn't include any existing holders who wish to cash out a little bit to fiat.

A net sale is a given for the next year or so, but that might only mean a slow drift down, not a sudden move at a predictable time..

IMO any new buyers in the next year or two will take up the issuance, leaving the price in a stable range. If volatility is low for a long time, it will ease objections about volatility making real use cases  difficult..

Between 3k and 4k until 2021 is quite possible.

[Phil_S]

Now THAT is what I’m talking about. Could maybe do with a few more blacked out windows, nobody wants to see you jerking off on the sofa.

On the other hand, it could protect you from pirates.

[Last of the V8s]

Arthur does front run the little fish when his mates need to flog off a big chunk; saw this in action over the past few days.
For that fourth leg up and dump, the one whale theory holds.

Meanwhile we sprats fiat cost average in and btfd at these paltry prices.

[Last of the V8s]

The dildo. It's coming.