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

[VB1001]

Bakkt

If the exchange works as planned, it will give institutional investors a secure, well-monitored place to trade Bitcoin, the world's most widely used cryptocurrency. That in turn could help alleviate the problems with volatility and trustworthiness that have kept Bitcoin from being more widely adopted—giving the asset a major boost in legitimacy.

https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/

You didn't understand correctly, Bakkt is doing tests.



(If the exchange works as planned...)

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[gallianooo]

Most probably Bear Trap till 9-9.2K$ zone. Then, Huge leg up.

If not yes, 8k$ coming.

[fragout]

   ~$9450 is the bottom of the triangle. Me thinks it will hold and rebound to ~$10K . We will know very shortly either way

[BobLawblaw]

  ~$9450 is the bottom of the triangle.

Observing $9445.

I hate you RN.

EDIT: $9428...
EDIT2: $9417...

Just... absolute... sheeeit.

[BtcMan2009]

  ~$9450 is the bottom of the triangle. Me thinks it will hold and rebound to ~$10K . We will know very shortly either way

I agree with you. And all would be well again until 27 September to go to 10K. Oct drive the price at around 8K 

[_javi_]

jeez, what happened to the good old flash crashes? it hurts, yes, but it is over sooner. this stumbling/bleeding/wick fuckery ain´t no fun. i´d prefer a throat cut candle down to $8k. bring it on bears, bring it on ffs!

This.
I thought the same this morning. Damn bleeding. I cant stand it.

The dump was coming (no bakkt fomo -not even a faked one-, hashrate drop just to scare, death cross on long timeframe, blah blah blah).
Sometimes i blame myself for supposedly knowing what to expect and not reacting. Definition of HODL ??

Cold wallet is that cold, that i dont want to touch it.

Dump, crash, burn. Do whatever you want.. honey badger doesnt care.

go BTC go!

[Lambie Slayer]

Libra hype gone, bakkt here but showing institutions still arent ready to join us. Quantum FUD in play.

Bad news is yeah maybe we breach 9k and make a short panic trip to 7400 or less. I still have a good chunk of fiat ready to deploy in that range. Good news is we are earlier than many thought when it came to institutional interest and hodlers and small fries managed to pump us to 14k recently so post halving these prices will seem ridiculously low.

If institutions havent started buying in yet I may have to forget about 100k party and focus on 300k party for this current bull run.

[JayJuanGee]

Apparently 2020 promises ...

After seeing the above post, I did look up the video that PlanB had placed in his tweet, and it was a fairly interesting dialogue between the hosts and the guest, in which one of the hosts, Joe Squawk is feeling some kind of need to defend an earlier statement that he had made about bitcoin, and a kind of seemingly bullish statement that he had made about bitcoin.  In essence, Squawk wants to attempt to clarify that he is attempting to be neutral about bitcoin rather than being bullish, or at least that is a kind of journalistic position that he prefers to communicate.

Ease of reference to video link:
https://www.youtube.com/watch?v=xiqobf5Du7s&feature=youtu.be&t=144

[fragout]

  ~$9450 is the bottom of the triangle.

Observing $9445.

I hate you RN.

EDIT: $9428...
EDIT2: $9417...

Just... absolute... sheeeit.

There you go bob.
(could be bulltrap though)

[makrospex]

Sup?

Here comes the bounce. Let's chill 

[jojo69]

don't be a stranger Mayor, I got a feeling we could really use your humor here the next little bit

[JayJuanGee]

Just perusing the funny pages. I thought of you. I hope everyone is well. Mentally. Here:
Some on the way up
https://www.reddit.com/r/suicidology/comments/8n83vy/bitcoin_evangelist_thinks_suicide_is_a_laughing/
Some on the way down
https://www.reddit.com/r/SuicideWatch/comments/8zfb3d/i_lost_my_job_and_i_will_not_be_seeking_another/

That is a rather negative thread re-entrance, BMB.

You truly are mentally troubled if you are trying to emphasize negative attributes of BTC's inevitable volatile price dynamics during difficult situations like this.

Yeah, I understand that you have troubles controlling your own BTC investment emotions which frequently cause you to do the opposite of what you should be doing.

So, for example, now should be considered a BTC buying opportunity, but instead you seem to be stuck on negativity and wanting to share your negativity, which comes off as FUD spreading attempts (maybe even causing folks to be a lot less sympathetic to your own mental status).... which yeah, of course, many of us HODLers had been considering that perhaps the lower $9ks were going to be a thing of the past, but instead we are revisiting that price arena, as I type.

Anyhow, point is that the odds are quite decent that we continue to be in a BTC bull market, so BTC accumulation and HODL of BTC should be considered as important strategies/practices in light of such current likely bull posture rather than getting worked up about short-term price movements - especially your desire to spread negativity and while in the midst of a price correction.. so attempt to control ur emotional lil selfie, BMB.

[Pamoldar]

Good afternoon WO
Observing @ 9,486
Shall we go more down?

However... Here is my stand -

[JayJuanGee]

It’s easy to eradicate a r0ach in RL, JJG

I was just reading your long post there buddy, I too wish I’d bought more in around 2014. I had a bad car accident in 2006 & got £50,000 compensation, the other guy was drunk.

I spent a lot on BTC but never touched any of that money mentioned above. I wish I would have tbh obviously but I’m sure every single person on this forum regrets not buying MOAR. I couldn’t justify spending any more on BTC because I was in huge losses in 2014/15. Hindsight is great isn’t it  

It’s better to look forward than dwell on the past

Yeah, but I think that part of my point in my above post was that I did not have regrets about my choices, even though I could have been much more richie to have had reallocated part of my then 401k balance into BTC in late 2014 in the price arena of about $380 per BTC and likely more than doubled my then BTC holdings.

I suppose that part of my lack of regret is that at least I had an opportunity to go through the ponderings and speculation regarding whether I should re-allocate; however, maybe if I had failed or refused to go through the ponderings, then it would have been more likely that I could have had regrets because there was obviously an opportunity that I decided not to take.  But the fact that I went through the ponderings actually gives me piece of mind that I had not failed or refused to consider the matter.  I actually considered the matter and I rejected the matter on rational grounds that if I had reallocated more into BTC then I believe that I would have been engaging in more risk than I felt comfortable with.   

[FIFA worldcup]

Don't panic, keep #HODLing   

this_is_sparta.jpg

I have been hearing this for two years to keep on holding.
I wonder when the holders will be in a position to get benefit 

[LFC_Bitcoin]

Don't panic, keep #HODLing    

this_is_sparta.jpg

I have been hearing this for two years to keep on holding.
I wonder when the holders will be in a position to get benefit  

Nobody that HODL’s for more than 4 years ever loses money.

[mindrust]

No pain, no gain bois.

#stronkhands

[toknormal]

Dropping out of the channel now on dollar strength and liquidity crisis.

Support around $7500 or $5200 levels. Failing that a retest of $1800 if we still have to reach capitulation from the 2017 bubble.

[bkbirge]

Down, sideways, up, still accumulating and will do so until the ship reaches land or hits an iceberg.

[LFC_Bitcoin]

Dropping out of the channel now on dollar strength and liquidity crisis.
Support around $7500 or $5200 levels. Failing that a retest of $1800 if we still have to reach capitulation from the 2017 bubble.