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

[Dotto]

^^ Confirmed bug

[Dotto]

How could it be that the pump is already over?

People aren't satisfied with this. Miners shouldn't be satisfied with this. This way most people who invested in mining companies are gonna lose hard, they won't allow that, right? The profit ASIC manufactorers made could be invested into bitcoins, the profit mining companies made the last year, could be invested in Bitcoin below a certain price.

Its just a weakhands shakeout. Also a clearing of too much longs. It´s the healthier possible thing before the real bubble. Or even better, no bubble, just common sense, slow pace correction to 3-5k which is the minimum minimorum real price of one coin.

True price should be around 5-15k at least. Just relax, let things take its place and enjoy the following months

[InternationalBankAlliance]

How could it be that the pump is already over?

People aren't satisfied with this. Miners shouldn't be satisfied with this. This way most people who invested in mining companies are gonna lose hard, they won't allow that, right? The profit ASIC manufactorers made could be invested into bitcoins, the profit mining companies made the last year, could be invested in Bitcoin below a certain price.

Exactly. Something is fishy here...

[andy35]

How could it be that the pump is already over?

People aren't satisfied with this. Miners shouldn't be satisfied with this. This way most people who invested in mining companies are gonna lose hard, they won't allow that, right? The profit ASIC manufactorers made could be invested into bitcoins, the profit mining companies made the last year, could be invested in Bitcoin below a certain price.

Its just a weakhands shakeout. Also a clearing of too much longs. It´s the healthier possible thing before the real bubble. Or even better, no bubble, just common sense, slow pace correction to 3-5k which is the minimum minimorum real price of one coin.

True price should be around 5-15k at least. Just relax, let things take its place and enjoy the following months

In chart guy terminology there was a double top at $780, and a giant cup and handle chart pattern forming over the last two years. At $780 the right hand side of the cup had formed, and we needed a crash to get the bottom of the handle formed. With that in place the price can rise to the top of the handle and the real bubble's 5-15k at least price.

[strawbs]

How could it be that the pump is already over?

People aren't satisfied with this. Miners shouldn't be satisfied with this. This way most people who invested in mining companies are gonna lose hard, they won't allow that, right? The profit ASIC manufactorers made could be invested into bitcoins, the profit mining companies made the last year, could be invested in Bitcoin below a certain price.

Its just a weakhands shakeout. Also a clearing of too much longs. It´s the healthier possible thing before the real bubble. Or even better, no bubble, just common sense, slow pace correction to 3-5k which is the minimum minimorum real price of one coin.

True price should be around 5-15k at least. Just relax, let things take its place and enjoy the following months

In chart guy terminology there was a double top at $780, and a giant cup and handle chart pattern forming over the last two years. At $780 the right hand side of the cup had formed, and we needed a crash to get the bottom of the handle formed. With that in place the price can rise to the top of the handle and the real bubble's 5-15k at least price.

I'm just not sure whether $780 is sufficient to say that the right side of the cup has completed its formation yet?

[BlindMayorBitcorn]

We are starting to get mainstream breakthrough.

But..

Umm..

[Kevinrasf]

CNBC Posted this as well


The price of bitcoin has plunged almost 25 percent since hitting a two-and-a-half year high last week amid problems at a key exchange and diminishing fears of a Brexit.

Bitcoin was trading around $590.53 by midday London time, a fall of around 23.8 percent from the $774.94 close on June 17, which marked the highest close since November 22, 2013.

The initial rise in the price of the cryptocurrency came last week as traders prepared for a process known as "halving" – where the rewards offered to bitcoin miners fall, thus tightening the supply of the digital currency. With anticipation of less supply, prices spiked.

Source: http://www.cnbc.com/2016/06/23/bitcoin-plunges-nearly-25-percent-in-6-days-heres-3-reasons-why-brexit-china-yuan-halving.html

[ImI]

We are starting to get mainstream breakthrough.

But..

Umm..

beeeep..dead. killed by developers and silly "investors" of a competing cryptocurrency.

edit: yeah, finex did its part obv too.

[lemmyK]

dump now.  buyback cheaper coins later  

[Ted E. Bare]

It is not too bad actually, the price is holding close to 600. We were at 400 before the pump and we have the halving yet to come.

[BlindMayorBitcorn]

Went all in @$800. Leveraged to the hilt, because YOLO, amirite?
Listen, were do i sell my semen, is it the same place as blood? How much do they pay for an average load?

Also, can I crash at your place for a few?

Don't you have a foundation to turn to in times like these?

[savetherainforest]

Went all in @$800. Leveraged to the hilt, because YOLO, amirite?
Listen, were do i sell my semen, is it the same place as blood? How much do they pay for an average load?

Also, can I crash at your place for a few?

Don't you have a foundation to turn to in times like these?

What's next? GoFundMe campaing for:  "Greedy trader in need for more shills to buy BTCitcoin" ?

[arctos]

the real handle starts at 1175~

[Ted E. Bare]

Double bottom forming at the moment?

[SnokkomBTC]

Double bottom forming at the moment?

think we are going to test ~$500 level

[savetherainforest]

6 Hours till we find out the partial counting of the Brexit votes...

[BlindMayorBitcorn]

Just a pump and dump. World events are an illusion.

[DaRude]

I think 540-555 might have been the bottom, the only thing bothering me is the fact that BFX longs are still so high...

That bothers me more than anything else. We're back at $42MM longs and the price crashing to $570. Longs going up as price goes down  If they're squeezed it can turn bloody really fast

[InternationalBankAlliance]

Just a pump and dump. World events are an illusion.

One thing TA kids got right - IRL events are as relevant to bitcoin as plotlines are to 80s pornos.

@DaRude, never let it be said that the True Believers don't double down.

[JimboToronto]

Good morning Bitcoinland.

Looks like we're right back in the $580 range where we spent a week 2 weeks ago.



Time for me to buy more. Last chance under $600?