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

[Sitarow]

¿Do you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.

The chances that a bottom is above 200$ are slim to none in my opinion.

Still no interest at all at these prices, and not enough panic. I would say 180$ is pretty much a given target, and most likely all the way to ~100$

well, I would say we had enough panic by now. People are overselling right now. This is going to bounce before we hit 200$ tonight. Everybody is expecting the price to hit 200 soonish once the first bigger buys start to take action, panic buys are going to happen and we will bounce up.

Who knows if the market will try to test even 100$ after it or close the shorts.

At this price USD/BTC the profit many miners are experiencing is negative. Even if hardware is paid off, once you factor in things such as employee wages, hardware cooling, and building rental.

As requested I updated the document with a $250 and $300 and $400 USD valuation.

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[magicmexican]

¿Do you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.

The chances that a bottom is above 200$ are slim to none in my opinion.

Still no interest at all at these prices, and not enough panic. I would say 180$ is pretty much a given target, and most likely all the way to ~100$

well, I would say we had enough panic by now. People are overselling right now. This is going to bounce before we hit 200$ tonight. Everybody is expecting the price to hit 200 soonish once the first bigger buys start to take action, panic buys are going to happen and we will bounce up.

Who knows if the market will try to test even 100$ after it or close the shorts.

There is soo much money waiting on the exchanges currently. Everybody is expecting the price to hit sub 200$. But I don't see that coming to be honest for now.

This is just my opinion based on the fact that the drop is still way too slow to become the bottom, i expect to see a real freefall with people just market selling in panic to the point when it becomes the "oh fuck, now the price is REALLY low" moment.

Just does not look its there yet.

[mrkavasaki]

how high do you guess are the chances that we drop below $200?

[Wandererfromthenorth]

[supermine]

¿Do you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.

The chances that a bottom is above 200$ are slim to none in my opinion.

Still no interest at all at these prices, and not enough panic. I would say 180$ is pretty much a given target, and most likely all the way to ~100$

Bid-ask ratio is 1:5 in BitStamp and 1:9 in OkCoin.
Those waiting buyers could get nervous at any moment.

Agree we are in overbought zone, pure technically. However, at this momentum I think $172 is possible at 60/40.

See:



brought to you by /r/shibedojo

[BlindMayorBitcorn]

But mainly I do not like scammers and sleazy people who lie to take other people's money.  Perhaps because I am rather easy to fool myself.  And I have never seen a community so packed with crooks and criminals as the bitcoin community.  Politicians, judges, cops, bankers, even professors -- there is plenty of corruption among them, but nowhere near as much as among the bitcoiners.

What? How did you determine the density of scammers among the bitcoiners? This is exactly the opposite of my experience with bitcoin and the community surrounding it. I've never been scammed by anyone here, and in 90% of all of my own transactions, I've opted not to use any type of escrow.

Also, the entire notion that a scammer would only accept a specific currency is ridiculous. A scammer will take whatever you'll give him. I get emails every week from scammers trying to scam, and I've yet to see one requesting bitcoin as the payment mechanism.

How are you keeping track of all the scams that happen with cash? I assume you have some very sophisticated tools if you're able to make this comparison.

Maybe you've been fooled?

Jorge is speaking from position, as one who has stolen millions of dollars from the people of Brazil.

Link?

[rolling]

¿Do you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.

The chances that a bottom is above 200$ are slim to none in my opinion.

Still no interest at all at these prices, and not enough panic. I would say 180$ is pretty much a given target, and most likely all the way to ~100$

well, I would say we had enough panic by now. People are overselling right now. This is going to bounce before we hit 200$ tonight. Everybody is expecting the price to hit 200 soonish once the first bigger buys start to take action, panic buys are going to happen and we will bounce up.

Who knows if the market will try to test even 100$ after it or close the shorts.

At this price USD/BTC the profit many miners are experiencing is negative. Even if hardware is paid off, once you factor in things such as employee wages, hardware cooling, and building rental.

As requested I updated the document with a $250 and $300 and $400 USD valuation.

Exactly, glad you said this, wish the spreadsheet included those numbers as well. $400-$500 is the breakeven for most miners with the latest hardware when you include a full profit/loss breakdown of a mining business. That's why Cointerra has stopped paying their bills on their hosting. No miner is profitable at this price. Whether they know it or not is another question.

[mrkavasaki]

set my buy order at 192

[GaliX]

This is just my opinion based on the fact that the drop is still way too slow to become the bottom, i expect to see a real freefall with people just market selling in panic to the point when it becomes the "oh fuck, now the price is REALLY low" moment.

Just does not look its there yet.

I didn't say that could happen. I expect the same in a way. But I don't expect it happening today. We will most likely bounce soonish, at least that's my expectation what comes next.


I would call 215 bottom for now. Guns are loaded everybody seems to wait for the signals right now.

[podyx]

This is just my opinion based on the fact that the drop is still way too slow to become the bottom, i expect to see a real freefall with people just market selling in panic to the point when it becomes the "oh fuck, now the price is REALLY low" moment.

Just does not look its there yet.

I didn't say that could happen. I expect the same in a way. But I don't expect it happening today. We will most likely bounce soonish, at least that's my expectation what comes next.


I would call 215 bottom for now. Guns are loaded everybody seems to wait for the signals right now.

I'm the mark wahlberg in that gif.
Always having that worried look like "what the fuck is everyone doing..?"

[abercrombie]

Feels good blocking all the trolls.

People really need to stop quoting and responding to them though. It doesn't help, even if it's "just for fun."

The true trolls were those encouraging people to buy "cheap coins" and that we'll soon see an ATH.  

In other words, the guys encouraging newbs to lose money and fall into bull traps.

[supermine]

This is just my opinion based on the fact that the drop is still way too slow to become the bottom, i expect to see a real freefall with people just market selling in panic to the point when it becomes the "oh fuck, now the price is REALLY low" moment.

Just does not look its there yet.

I didn't say that could happen. I expect the same in a way. But I don't expect it happening today. We will most likely bounce soonish, at least that's my expectation what comes next.


I would call 215 bottom for now. Guns are loaded everybody seems to wait for the signals right now.

Indeed, $212 could be a minor bump on forming the giant inverse wedge. $170 the next stop. Then catapulting us to total market capitulation around $80. This is were the experienced swing-trader will close his last shorts.

[Sitarow]

As far as I can tell many bears here may wish the price to go down just to cover their short positions.

What will come of it? Perhaps history will be repeating itself.

[mrkavasaki]

double bottom?

[BlindMayorBitcorn]

Nobody here got a couple million handy for a short squeeze?

[YourMother]

The best thing a bulltard could do right now is to remove all the "trolls" from the ignore list and just fucking listen to some arguments.

Ignorance is not bliss.

This is sinking faster than the Titanic and the bulltards are happily singing on their violins, because they removed all the negativity which, for most of the time, was justified.

[twiifm]

Feels good blocking all the trolls.

People really need to stop quoting and responding to them though. It doesn't help, even if it's "just for fun."

The true trolls were those encouraging people to buy "cheap coins" and that we'll soon see an ATH.  

In other words, the guys encouraging newbs to lose money and fall into bull traps.

Yep and the ones who was spreading FUD about dollar collapsing, bad economics, etc..  Bad technical analysis and "log charts"

[luckygenough56]

The best thing a bulltard could do right now is to remove all the "trolls" from the ignore list and just fucking listen to some arguments.

Ignorance is not bliss.

This is sinking faster than the Titanic and the bulltards are singing happily on their violins, because they removed all the negativity which, for most of the time, was justified.

[Sitarow]

The best thing a bulltard could do right now is to remove all the "trolls" from the ignore list and just fucking listen to some arguments.

Ignorance is not bliss.

This is sinking faster than the Titanic and the bulltards are singing happily on their violins, because they removed all the negativity.

To me the ignore option is a way to weed threw the wheat vs the shaft in this thread, and then if they feel they have missed something then open up the floor to the "other" perspective.

I just wanted to add.

I remember playing a game called Bards Tale. There was a chapter in the game where the hero had to listen to confined prisoners in order to free them. However only 1 truly knew the answer. Yet the other 2 made such a convincing argument that they were correct.

If you ended up listening to the one that actually knows the sequence then all the prisoners would not die.

IF you are a bull or bear, be humble and KNOW THIS. Hindsight is 20/20.

[blade87]

Stamp had some big buys earlier. I think whatever has been in motion is too strong to stop now. It just needs to play out.