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

[Gillette]

This will go lower this weekend guys. Gut feeling

Go and spread your bearish posts on africoin`s thread! We are permabulls here!!!

[Coinnosaurus]

Damn this forum is still so bullish.

Not sure if that is bullish or bearish...

whats the reason to be bearish?

[HI-TEC99]

I think any denial of a Bitcoin ETF would be nearly 100% politically-motivated.  It would mean that they (Governments? World Powers?) simply don't want Bitcoin recognized as a legitimate long term financial instrument.  

Could this be more true now?

We're talking about a technology which could totally fuck FIAT currencies and all Central Banks in the ass, so I'm sure this could also be a factor.

US Gov does not want BTC recognized as a stable, dependable technology.

ETF would help it get that kind of legitimacy.

The problem is, Bitcoin doesn't need an ETF to become a globally decentralized peer 2 peer cash electronic payments system that can beat out the traditional financial industry.

We can achieve greatness without them. We already have.

Agreed.

China stopped exchange withdrawals, so the Chinese started using localbitcoins and P2P methods of exchange. We don't need no stinking ETF selling paper Bitcoins, and if pushed we don't need no stinking exchanges either.

[HanvanBitcoin]

So.... what will be the bottom?  

[swogerino]

Where's that duck?

Uhh.. why calling for the duck?
Just use a duck call next time for him to come calling. It's supper time.

Did something happen from when I posted last?
I see over 12 pages but don't want to go thru them all because I just don't need the disappointment in my life right now.

I'm sorry. It's not good news

Just saw this literally minutes ago.
https://bitcointalk.org/index.php?topic=1821056.0

Damn there was so much hope and dreams to come true out of it finally coming to fruition and now it just killed them all in one shift blow.
And oh coinbase is dead!

[eddie13]

Sell before they realized what happened and before Chinese exchanges wake up.

You think the chinese traders were sleeping for decision time?

I think not.. The chinese aren't that powerful anymore anyway..

[promomei]

LOL blockchain.info/ still 1267.

Sell before they realized what happened and before Chinese exchanges wake up.
Do it quick.
Abandon ship!
The Titanic crashed into the iceberg!

na ill wait for cheaper btc - holding mine tho
im stil in love with my coin

[travwill]

Seems the bottom is over $1000, around $1050 at this time.  The Chinese exchanges have also tanked in tandem so they are inline with the US losses already - but some could further sell when they wake up in person.  Likely hit another $100-200 lower max.

[PoolMinor]

So.... what will be the bottom?  

↓↓↓$800

[eddie13]

Now watch it pump once everyone realizes how strong it has remained..

[BitcoinBA]

I guess around 900 - 950 bottom

[swogerino]

Sell before they realized what happened and before Chinese exchanges wake up.

You think the chinese traders were sleeping for decision time?

I think not.. The chinese aren't that powerful anymore anyway..

Uh yeah.
They were tired from their PBoC screwing up their lives with those locking withdrawals in their own countries exchanges. So they were exhausted from their own problems.
As Effie would say We all get pain!  

http://imgur.com/a/Cf6zY

[rokkyroad]

So.... what will be the bottom?  

That is the 21 million dollar question. I've got a buy order waiting for the low $800s but I doubt it will go that low but here's hoping for another flash crash or two.

[Killerpotleaf]

this dump was so F'ing sharp, bottoms in.... 975

market was really on the ball for this on, but it wouldn't be surprising to retest <1000$, also not a bad chance we actually manage to hit 950 on the next "flash crash"

[Asrael999]

I wonder how much all this has cost the Winklevii.

Maybe there is a lesson here. Why go asking for permission when you already have an asset which doesn't require it? This ETF never made sense to me from the start. The only argument I've ever seen for it is so people can put their 401k in "Bitcoin".

Spot on. Also why did the SEC wait until the last possible hour on the thrice extended delays to announce with great fanfare (and huge insider gaming trading it appears) to disapprove? And it seems they never gave the Winklevoss a chance to withdraw their application before the deadline either it appears ... hung those poor feckers out to dry. I'd be super pissed if I was them.

SEC proves to be just another tool for the Deep State to defend the monopoly money powers and entrenched vested interests. No surprises there.

they've kinda proved why bitcoin is nessary at this point

The ETF was conceived to enable the twins to cash out their million coins without crashing the market. Simply provide the ETF with its supply at market price until you are out. Question is -how will they cash out now?

[boyshx]

back in January there were two or three legs down and the first one also got stucked by 1060-1080$ for some hours, before going down to 900$ the day after. Just sayin'

[ridery99]

Bear activated?

[Equus]

Remember when Silk Road was busted, and nobody thought that bitcoin had legitimate value?

Today feels a little like that day.  

I think this is going to be a good month.

[rokkyroad]

back in January there were two or three legs down and the first one also got stucked by 1060-1080$ for some hours, before going down to 900$ the day after. Just sayin'

Yep. Dead cat bounces.

[Stevenirving]

Back to the question at hand. Sell or buy.

The main point here is how could we possibly not crash lower or have another crash over the weekend?

It just seem obvious