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

[Coinnosaurus]

This not looking too good unless this is the bottom.

Not even close ..

[RubberBaronette]

Will 600 hold?

[ssmc2]

Wake me up if we get below 555 

[strawbs]

Not good for those still believing in bitcoin. It has clearly collapsed and will continue to do so based on these confirmed datas.

LOL Look who's back, a voice from the past.

Ever the trollbear, eh Proudhon?  

Who's next? Jaroslaw/Walsoraj? Electric Mucus?

Oh yeah, Jaroslaw. I miss him, kind of.  Definitely don't miss Shroomskit though, I suspect he either had a nervous breakdown or ranted himself to an early grave.

[MayorMccheese]

Wake me up if we get below 555 

Should probably just grab some coffee & stay up, what's another few mins of sleep worth?

[glendall]

Ugh, too early in the day for this dump        I gotta sleep, hold off for a bit bitcoin.

[savetherainforest]

454 blks left.

416 BTCitcoin Blocks left!

392 blocks left.

355BTC blocks left!!

Prepare your bear burn .gifs!!! We gonna burn them all!!!

294BTCitcoin blocks left!!!    

*Edit: I feel like I am counting down the Apocalypse! 

[Hawkix]

Not good for those still believing in bitcoin. It has clearly collapsed and will continue to do so based on these confirmed datas.

LOL Look who's back, a voice from the past.

Speaking as one with the wisdom of the ages, I assure you.

I can confirm that.

[JayJuanGee]

Im not very happy with a dump. but it would not be suprising me.
we had already a halving-pump. so the halving-day could have no effect on the course anymore.
just like it in LTC happend.

be cool and hedge you btc with some alts.. so you will win in every case  

I hope we get a crazy-moving course in the rest of 2016. not such downcrawling shit as in 2014 after the mega-pump.

The 2013 pump was a completely different thing.

-We made constantly all-time highs when we broke 250$ back then.
-There was no leverage trading.
-almost no short trading
-less coins overall
-Willy bot
-no Bag holders.


I am not saying this can't happen again, but it's less likely. I expect a lot of sideways after we found new true support. Who knows where it is, I don't have a crystal ball.

sure. 2013 it was a chinese investment wave... this coud be happen any time again.
after that there were are lot of unsecurities with gox and so on in the market.
now we have a neverending blocksize-war...

hm... dont know the statistics but i`ve mentiond the most things in this time.
-guys who makes big money with shorting btc again and again.
-guys who dont sell at the peak duo to tax reasons: bag holder?
less coins but enough....

It appears that you are engaging in wishful thinking rather than any kind of meaningful assessment regarding what is really going on with bitcoin, and the reality remains ongoing buying pressure on a global level, especially after the price went above $500.  Did you notice that?  The price went above $500, after being pushed down, largely in the $200s for nearly a year.

On the other hand, if price goes below $500 for any meaningful time, there could be some semblance of actuality in your lame attempts at btc price prediction.

[MinermanNC]

What is the crypto world coming too, btc floundering when it should be going up, Eth is in the toilet, what's a miner to do? lol guess we can always pull the plug and make money by saving money on electric.....

Of course I have seen worse looking situations before, some how BTC is always been resilient 

[JayJuanGee]

Those of us stuck in the UK no longer have to worry about a falling Bitcoin price as the pound is falling even faster. Great stuff if you never need to buy imports or go abroad ever again.

British Pound is up almost 1% today agains the USD.

BTC dumped ~6% today.

Wrong day for you Post sir!

Usually it is safer to zoom out a bit, rather than getting caught up in any particular pump/dump on any particular day, such as today, Sir... 

Will we go below $600?  

 More importantly, will we go below $500 before we go above $778?  We are closer to $500, but it seems that $778 has a bit better overall upwards pressures.  Thoughts?

[DARKHOLDER]

Wake me up if we get below 555 

Maybe better 355$ think 600$ hold..

[petahashminer]

so what ? are we going to back again $500 or digging more $400s ?

we are told that price will spike after halving.  

[savetherainforest]

What is the crypto world coming too, btc floundering when it should be going up, Eth is in the toilet, what's a miner to do? lol guess we can always pull the plug and make money by saving money on electric.....

Them psychopaths love their volatility! ... And I think electricity in China is free in some zones of the country (the underdeveloped ones) and especially for corporations (bitcoin mines are international assets).
So don't worry about the plugging. There will be no plugging. Maybe "The West" but they don't matter they have like what.. 10-15% of the market share?

[yefi]

Speaking as one with the wisdom of the ages, I assure you.

Did Proudhon sell his account, or is he just seeing how many feckin' times he can get away with saying "confirmed" and "data"?

[strawbs]

so what ? are we going to back again $500 or digging more $400s ?

we are told that price will spike after halving.  

The recent rise in price over the last few months may well have been due to the approaching halving (who knows?).  If so, it was probably already factored into the price. The chances of halving having a positive impact on the price of BTC at the moment that halving happens, or immediately afterwards, is wishful nonsense (of course, long term impact is different).

Imagine that a company announces on 1st January that it is due to sign an incredibly lucrative contract on 9th July.  The company's share value will not wait until 9th July to suddenly spike.  It will begin to climb from the announcement onwards and will be factored into the share price well before that date. It may well peak a month before the contract is signed.  It may then even experience a sell off if investors believe that the share price has become over-inflated. If the contract proves to be as lucrative as hoped over the next few months/years, then the price will likely continue on a steady rise.

Pumps and dumps aside, of course, I suspect the same of BTC: a price rise prior to halving, followed by a steady rise as people see the benefits of BTC.

[hdbuck]

Not good for those still believing in bitcoin. It has clearly collapsed and will continue to do so based on these confirmed datas.

LOL Look who's back, a voice from the past.

Speaking as one with the wisdom of the ages, I assure you.

confirmed, bitcoin is going dao-wn.

[Karartma1]

Not good for those still believing in bitcoin. It has clearly collapsed and will continue to do so based on these confirmed datas.

LOL Look who's back, a voice from the past.

Speaking as one with the wisdom of the ages, I assure you.

confirmed, bitcoin is going dao-wn.

Bitcoin is going DAO 

Thanks for making me smile during this very annoyaing way down.
I hope is only some "shake the weak hands" thing and that this dump will stop soon.

Bad thing to be a miner if this is the trend!

[petahashminer]

so what ? are we going to back again $500 or digging more $400s ?

we are told that price will spike after halving.  

The recent rise in price over the last few months may well have been due to the approaching halving (who knows?).  If so, it was probably already factored into the price. The chances of halving having a positive impact on the price of BTC at the moment that halving happens, or immediately afterwards, is wishful nonsense (of course, long term impact is different).

Imagine that a company announces on 1st January that it is due to sign an incredibly lucrative contract on 9th July.  The company's share value will not wait until 9th July to suddenly spike.  It will begin to climb from the announcement onwards and will be factored into the share price well before that date. It may well peak a month before the contract is signed.  It may then even experience a sell off if investors believe that the share price has become over-inflated. If the contract proves to be as lucrative as hoped over the next few months/years, then the price will likely continue on a steady rise.

Pumps and dumps aside, of course, I suspect the same of BTC: a price rise prior to halving, followed by a steady rise as people see the benefits of BTC.

so you are saying that, halving is already priced in the last 6 months. but long term effect will continue.

[OgNasty]

Only weak hands sold below 900$.

Haha to all suckers that bought my 500$ coins.

You were wrong then criticizing people who sold at $850, and you are wrong now criticizing people who buy at $500.

Told you so.