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

[VB1001]

During the last 3 months of 2017, Bitcoin hit a new all-time high once every 3 days, on average.

Bitcoin has now gone 676 days without a new high.

Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017).

https://twitter.com/charliebilello/status/1187194172958236674

StrongHats and Hodl

[Lambie Slayer]

Well we all knew deep down that 7700 wasnt going to hold and when it broke it would get ugly. 

I was waiting to see if massive buying (large volume similar to the peak of the mini bubble this summer) occurred once we had a large crash like yesterday, and sadly we didnt get the requisite volume for me to deploy my last fiat stash.

The really strong support is at 6500 so hopefully the Bargain Boyz will step in and load their trucks with massive volume at that level and end this mini bear market inside our bull market that started in Dec. 2018, because this so far has been a dud and the true Bargain Boyz have not arrived yet.

A 6500 dollar bottom would still be extremely bullish as we were in the 3-4k range earlier this year. That is where the true run to 100k starts imo and hopefully it happens sooner than later so we can be done with this mess created by the overzealous parabolic run this summer.

[ðºÞæ]

BTC = NOKIA of the crypto

[Negotiation]

Well we all knew deep down that 7700 wasnt going to hold and when it broke it would get ugly. 

I was waiting to see if massive buying (large volume similar to the peak of the mini bubble this summer) occurred once we had a large crash like yesterday, and sadly we didnt get the requisite volume for me to deploy my last fiat stash.

  guess don't worry same to waiting buy low rate you have any idea dump -6k ?

[Negotiation]

While Facebook was asking Congress for permission to launch Libra, and the Federal Reserve boosted repos to $120B a night, bitcoin continued working exactly as designed.

Price may have dipped, but hashrate hit an all-time high today 🔥
Source: https://twitter.com/Rhythmtrader/status/1187128004444655622

[Icygreen]

BTC = NOKIA of the crypto

Still the best selling phone of all time.  Nice, I'll take that.

[Icygreen]

I love this guy! @TheCryptoBubble
https://twitter.com/TheCryptoBubble/status/1187116623263457280

Say it ain't so, I will not hold
Another $h!tcoin, til all time low

[Negotiation]

I love this guy! @TheCryptoBubble
https://twitter.com/TheCryptoBubble/status/1187116623263457280

Say it ain't so, I will not hold
Another $h!tcoin, til all time low

Nice song this guy are very intelligent.
Bitcoin=Hitcoin

[Paashaas]

For those in need :

I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear.
I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing.
Only I will remain.

- Bene Gesserit Litany Against Fear

“He who controls the spice BTC controls the universe.”

The entire universe beholden to worm poop.

Bear market got you down?

Just another shitcoiner getting REKT.

[~Money~]

bitcoin will make many mre REKT soon, it seems its gonna crash everything like before and maybe, just maybe the others get time after that to show some personalities around

but its a very big maybe, which depends on the ****** smart A politicians around the world

[ðºÞæ]

"How I lost ~4 BTC on Lightning Network"
https://np.reddit.com/r/Bitcoin/comments/dlvokv/how_i_lost_4_btc_on_lightning_network/
They tried to kill Bitcoin for THIS junk, not feeling bad for him at all.
But happy days everyone else's BTC worth more now  

[Fatman3001]

That's a good point. Though I suspect behind the scenes where the real practical regulatory discussions are taking place by analysts that bitcoin is still front and center.

Good point. There was an old cartoon about how would you like you cryptocurrency scare, terrorism or paedophilia flavored? I guess we can add facebook (or 'big tech'* in general) to the options now.



*To be clear, there's a lot about big tech that's a problem but using it for scaremongering is a nasty tactic.

Hi there, Richy_T! Long time no see.

[criptix]

"How I lost ~4 BTC on Lightning Network"
https://np.reddit.com/r/Bitcoin/comments/dlvokv/how_i_lost_4_btc_on_lightning_network/
They tried to kill Bitcoin for THIS junk, not feeling bad for him at all.
But happy days everyone else's BTC worth more now  

Na the party on the other side of the channel owns them now.

This is a counter measure against frauds.
(Try to close channel with an old state, lose your funds to the other party if they are online.)


Btw. You guys are panicking yet?

Looks like we gonna visit 6k's.

Though i will buy 7-7.2 for a bounce

[makrospex]

Some mood elevating stuff from twitt3r:

https://twitter.com/BurgerCryptoAM/status/1187036577865879552

#hodl

[somac.]

Well we all knew deep down that 7700 wasnt going to hold and when it broke it would get ugly. 

I was waiting to see if massive buying (large volume similar to the peak of the mini bubble this summer) occurred once we had a large crash like yesterday, and sadly we didnt get the requisite volume for me to deploy my last fiat stash.

The really strong support is at 6500 so hopefully the Bargain Boyz will step in and load their trucks with massive volume at that level and end this mini bear market inside our bull market that started in Dec. 2018, because this so far has been a dud and the true Bargain Boyz have not arrived yet.

A 6500 dollar bottom would still be extremely bullish as we were in the 3-4k range earlier this year. That is where the true run to 100k starts imo and hopefully it happens sooner than later so we can be done with this mess created by the overzealous parabolic run this summer.

What I find interesting about this drop is the volume it has created on Bakkt. Another thousand down and we will see volumes increase again. Potentially this is when Bakkt starts to pay off.

[bitcoinPsycho]

"How I lost ~4 BTC on Lightning Network"
https://np.reddit.com/r/Bitcoin/comments/dlvokv/how_i_lost_4_btc_on_lightning_network/
They tried to kill Bitcoin for THIS junk, not feeling bad for him at all.
But happy days everyone else's BTC worth more now  

If anyone would loose bitcoin it has to be you . Dumb ass

[heslo]

"How I lost ~4 BTC on Lightning Network"
https://np.reddit.com/r/Bitcoin/comments/dlvokv/how_i_lost_4_btc_on_lightning_network/
They tried to kill Bitcoin for THIS junk, not feeling bad for him at all.
But happy days everyone else's BTC worth more now  

Wrong, whoever he had channels open with get the coins now

[fillippone]

Bakkt Hits New All-Time High, With Over 450 Bitcoin Futures Contracts Traded..

Per historical data from Intercontinental Exchange (ICE) — the operator of Bakkt — today the platform has traded 441 Bitcoin futures contracts for November 2019, with the last recorded trading price settling at $7,400 per Bitcoin. 11 futures contracts for December have been sold, with the last recorded trading price at $7,407.

Source:https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/data?marketId=6137542


via:@BakkBot

XBTO:

“Last week, we bought the first Bakkt Bitcoin Daily Futures contract and took the first physical delivery of a digital asset under existing commodity futures laws and regulations. This week, we executed the first block trade. We’re pleased to report that the launch was successful and can accommodate large trades.”

Source:Cointelegraph

Conspirancy theories come to me!

I repeat that in my opinion the crucial point of Bakkt is the fact that it's allowing the availability of financial instruments integrated in the "traditional" workflow facilitating more "regulated" and therefore less "agile" institutions to operate on bitcoins.
And then maybe these people decide to use this possibility to sell bitcoin, but it's in their power, I'm happy from a certain point of view for everything that facilitates price discovery, adding liquidity to the market.
As I said, I think it's better not to be on the short side of the market with little more than 200 days to the halving!

[LFC_Bitcoin]

So the advise now is to keep accumulating?

Buy what you can afford to each month, you’re almost guaranteed to make handsome profits if you’re buying in this range. Patience is required though, don’t expect to make massive profits immediately.
Buy & don’t even worry about the price until mid-late 2021.

[Alexander_Z]

Well we all knew deep down that 7700 wasnt going to hold and when it broke it would get ugly.  

I was waiting to see if massive buying (large volume similar to the peak of the mini bubble this summer) occurred once we had a large crash like yesterday, and sadly we didnt get the requisite volume for me to deploy my last fiat stash.

The really strong support is at 6500 so hopefully the Bargain Boyz will step in and load their trucks with massive volume at that level and end this mini bear market inside our bull market that started in Dec. 2018, because this so far has been a dud and the true Bargain Boyz have not arrived yet.

A 6500 dollar bottom would still be extremely bullish as we were in the 3-4k range earlier this year. That is where the true run to 100k starts imo and hopefully it happens sooner than later so we can be done with this mess created by the overzealous parabolic run this summer.

You are right about the volume. Drops below $10K and then $8K were not surprising at all (I have expected both of them, although I did not voice my predictions). Right now there is not a slightest sign of recovery. All this looks very bad, a repetition of 2018. I am still moderately bullish in very long term, but I do not think it is a bull market now. The run to $13K deceived me, but now I have returned to my old thought. Of course, it is impossible to predict a new bull market, only to prove its existence some time after its start. But to me there is one and only one criterion of such proof: a new ATH. Until then, the cryptowinter continues. And I think we will not see $100K for many years.