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

[European Central Bank]

ok, maintenance. i have my main stake at polo, earning my living (by lending), i know, bad choice, but still, it earns my living, for now, and i can´t lose anything. Guys do it.
Guys do it, do it, You can pull off your bitcoin anytime, just don´t miss it.
And no, i don´t work for Polo 

are you completely nuts?

i've been waiting months and months for poloniex to respond to a ticket. there's absolutely no way i'd trust them with any money above the pocket money level.

[yefi]

Indeed
https://coin.dance/volume/localbitcoins

I'm sure you'd like that as you've been calling for it to dump for a week now and it appears you've sold a big position

The first dump, should it come, is going to be over weeks, not days. If we're still floating around this level or higher by then, I'll probably have to readjust my own position.

[Elwar]

So...how do you think new investors will react to stability when they're expecting rocket ships? Been flat all day.

Sold enough for a new (to me) car. Less than 1 bitcoin. 2 years ago I sold 12 bitcoins for my car worth about 6k euro. Now with the price up I splurged with an $1800 car. Maybe this is what economists warned everyone about how a deflationary currency encourages people to save instead of fueling the economy. Or I have higher priorities of retiring early instead of being seen in a fancy new car.

[FractalUniverse]

economists warned everyone about how a deflationary currency encourages people to save instead of fueling the economy. Or I have higher priorities of retiring early instead of being seen in a fancy new car.

Maybe thats good, people will finaly spend on what they actually need, not what multinational companies, banks and politicians want them to buy 

[r0ach]

But in terms of how crashes go, the dollar has always been the best temporary safe haven. Anyone that says otherwise apparently can't read historical charts. Commodities have dived during crashes including precious metals. I expect that Bitcoin will take a temporary tumble as well, but I guess we shall see. It'll of course rally if banks start to fail and we get more QE.

I've always believed, long before Jim Rickards wrote his new book, that the next crash you will NOT be able to just go all-in on cash beforehand and buy the dip.  All those banks funds and money markets will be frozen, and depositors probably forced to bail-in under the "citibank clause".  I just don't see any plausible scenario in which going all-in cash is a good idea.  Also a good chance they do something like a 50% currency devaluation overnight like the 1998 Korean won deval:



This will be the crash in which metals holders become rich somewhere along the way, and god knows what the hell will happen to bitcoin.  Cryptocurrency scalability is really too low to even talk about being some big part of the next financial crash.  What are you gonna do, have a bunch of commoners pile in buying $10,000 worth of bitcoin and then paying a $1000 transaction fee just to move it?

[sosasnois]

Looking pretty bearish, it's been failing to perform and break resistance these last few days

[N12]

You have been warned about the meaning of 2780.

[rjclarke2000]

You have been warned about the meaning of 2780.

What are you talking about?

[rjclarke2000]

But in terms of how crashes go, the dollar has always been the best temporary safe haven. Anyone that says otherwise apparently can't read historical charts. Commodities have dived during crashes including precious metals. I expect that Bitcoin will take a temporary tumble as well, but I guess we shall see. It'll of course rally if banks start to fail and we get more QE.

I've always believed, long before Jim Rickards wrote his new book, that the next crash you will NOT be able to just go all-in on cash beforehand and buy the dip.  All those banks funds and money markets will be frozen, and depositors probably forced to bail-in under the "citibank clause".  I just don't see any plausible scenario in which going all-in cash is a good idea.  Also a good chance they do something like a 50% currency devaluation overnight like the 1998 Korean won deval:



This will be the crash in which metals holders become rich somewhere along the way, and god knows what the hell will happen to bitcoin.  Cryptocurrency scalability is really too low to even talk about being some big part of the next financial crash.  What are you gonna do, have a bunch of commoners pile in buying $10,000 worth of bitcoin and then paying a $1000 transaction fee just to move it?

Metals, nazis, Jews. Fuck sake, I've not ignored anyone before but you are just full of shit mate.

Look I hold metals but just change the record. This isn't nazi sympathisers silver talk, its bitcoin talk.

I wonder how many people here actually see what you post.

[r0ach]

its bitcoin talk.

[rjclarke2000]

This user is currently ignored. Thank fuck.

[micalith]

Watch closely. This is how death begins.

feeling magnanimous?

[FractalUniverse]

If 2550 finex doesnt hold, I would call it weekend minidump. But for now ,i still expect it to go to 2800/900 before a bit deeper correction

[sosasnois]

2h chart looks like it's definitely going down. 1d chart looks like it may continue up...

What to make out of this?

[Torque]

You have been warned about the meaning of 2780.

What are you talking about?

I kinda took Blitz's advice here, and glad I did. 24 hr volume has fallen to 50% of what it was a few days ago. Failure to break 2750 with any real momentum. Then it flattened sideways at 2700 (always a sign for a sudden move). Technicals signaling a retest of previous levels.

[r0ach]

I kinda took Blitz's advice here, and glad I did. 24 hr volume has fallen to 50% of what it was a few days ago. Failure to break 2750 with any real momentum. Then it flattened sideways at 2700 (always a sign for a sudden move). Technicals signaling a retest of previous levels.

It's been pretty damn obvious where this was going for a while (i love bitcoinity for just figuring out what the current macro view is):

Place your bets on the bitcoin head and shoulders:

[rjclarke2000]

You have been warned about the meaning of 2780.

What are you talking about?

I kinda took Blitz's advice here, and glad I did. 24 hr volume has fallen to 50% of what it was a few days ago. Failure to break 2750 with any real momentum. Then it flattened sideways at 2700 (always a sign for a sudden move). Technicals signaling a retest of previous levels.

Ok thanks. This is a bit of shame.

Hopefully up again in the coming weeks.

[ft73]

Blitz calling another bear market, dang.

This time he was right though  .

[ft73]

If 2550 finex doesnt hold, I would call it weekend minidump. But for now ,i still expect it to go to 2800/900 before a bit deeper correction

maybe it will hold 2450$.

[becoin]

Technicals signaling a retest of previous levels.

Technicals is nonsense. Especially in bitcoin. Technicals is how whales catch small fish that use technicals to trade.

I'm always buying when dumps give me such a chance! Never been wrong so far!