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

[BlindMayorBitcorn]

They want us all in sliver and litecoin and Hitler moustaches. Don't let 'em see you sweat.

[1714059733]

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[gentlemand]

It dipped down to $2000 a few weeks ago through panic selling, and a week later it was back up to $2800. The panic sellers from a few weeks ago must have regretted it, and today's panic sellers will probably regret it.

There's no particular rhyme or reason to any of it. I wouldn't want to be in the mind of someone heavily shorted or longed at present. I assume there's not much going on in there other than screeching.

[r0ach]

They want us all in sliver

The seasonal market of metals means late June to early July is usually the low/best buy in point of the year, then it turns bull market right at the start of August.  That Cliff High guy claimed silver would explode in August due to his web bot nonsense powers, but I coulda told you it would probably rise in August just because that's it's historical nature.  The banks know they have to cover shorts before it gets to that point, and there's been an enormous amount of open interest, so it probably will explode upward in the near future.

[e-coinomist]

Can someone explain Why this aint stopping?

Start of bubble: March, somewhere 900 bucks

But once we go back there investor's disappointment will never recover again, as it did in the Gox aftermath. This will just break Bitcoin's neck.
ETH will have to continue the story, developping the technology further.

[micalith]

did any of you see whether that Bitstamp wall was eaten or pulled?

edit: definitely pulled. Volume confirms

[hv_]

did any of you see whether that Bitstamp wall was eaten or pulled?

edit: definitely pulled. Volume confirms

Oh thx

Postings on topic might be reported to mods... Beware

 

[r0ach]

Start of bubble: March, somewhere 900 bucks

But once we go back there investor's disappointment will never recover again, as it did in the Gox aftermath. This will just break Bitcoin's neck.
ETH will have to continue the story, developping the technology further.

Eth is useless.  If proof of stake was viable or had any value, bitcoin would already be using it.  Vitalik created Eth and just pretended he would fix PoS later, but there is no fix.  He never believed bitcoin had any value when he first heard of it.  He doesn't really believe eth has value either, but that didn't stop him from creating a 30 billion dollar Ponzi scheme:

[micalith]

did any of you see whether that Bitstamp wall was eaten or pulled?

edit: definitely pulled. Volume confirms

Oh thx

Postings on topic might be reported to mods... Beware

 

I like taking risks


by the way, same tactic seems to be playing out on Poloniex for Eth. Sell wall attracting lots of downstream sell orders that can be bought into.

[yefi]

Start of bubble: March, somewhere 900 bucks

But once we go back there investor's disappointment will never recover again, as it did in the Gox aftermath. This will just break Bitcoin's neck.
ETH will have to continue the story, developping the technology further.

ETH went higher on hype and will fall harder - "investor" disappointment there will be greater (and some of us are waiting patiently in the shadows ready to scalp), so expect to find yourself alongside all the other obituary writers during this downturn...

[HI-TEC99]

It dipped down to $2000 a few weeks ago through panic selling, and a week later it was back up to $2800. The panic sellers from a few weeks ago must have regretted it, and today's panic sellers will probably regret it.

There's no particular rhyme or reason to any of it. I wouldn't want to be in the mind of someone heavily shorted or longed at present. I assume there's not much going on in there other than screeching.

Now is the perfect time to buy and HODL, then buy more if it goes any lower. Today's market is too unpredictable to go short or long.

[micalith]

Start of bubble: March, somewhere 900 bucks

But once we go back there investor's disappointment will never recover again, as it did in the Gox aftermath. This will just break Bitcoin's neck.
ETH will have to continue the story, developping the technology further.

ETH went higher on hype and will fall harder - "investor" disappointment there will be greater (and some of us are waiting patiently in the shadows ready to scalp), so expect to find yourself alongside all the other obituary writers during this downturn...

yeah, but Eth and Btc seem to be in sych, pulling each other up and down. It really looks to me that even though Eth is dropping faster, the bottom will be the bottom for both of them, then they're likely to rise together too

[Icygreen]

It dipped down to $2000 a few weeks ago through panic selling, and a week later it was back up to $2800. The panic sellers from a few weeks ago must have regretted it, and today's panic sellers will probably regret it.

There's no particular rhyme or reason to any of it. I wouldn't want to be in the mind of someone heavily shorted or longed at present. I assume there's not much going on in there other than screeching.

Now is the perfect time to buy and HODL, then buy more if it goes any lower. Today's market is too unpredictable to go short or long.

Agreed, This might be our buy zone and then again so could 1500 although the trend line is very near. Good advice on cost averaging.

[Genesis1337]

day traders disgust me, btc was supposed to only go up, why this happen?

[cellard]

day traders disgust me, btc was supposed to only go up, why this happen?

I guess there is still uncertainty because of the segwit2x thing. If we could get this solved already we would be sitting at $10k easy, but it looks like there is more uncertainty for the coming months. In august possibly nothing will happen, but what about august? what if they hard fork with 80% of hashrate into the retarded frankenksegwit software developed by Jeff Garzick? can somebody explain to me how the price isn't going to crash?

[HI-TEC99]

It dipped down to $2000 a few weeks ago through panic selling, and a week later it was back up to $2800. The panic sellers from a few weeks ago must have regretted it, and today's panic sellers will probably regret it.

There's no particular rhyme or reason to any of it. I wouldn't want to be in the mind of someone heavily shorted or longed at present. I assume there's not much going on in there other than screeching.

Now is the perfect time to buy and HODL, then buy more if it goes any lower. Today's market is too unpredictable to go short or long.

Agreed, This might be our buy zone and then again so could 1500 although the trend line is very near. Good advice on cost averaging.

I can almost guarantee that a user called JimboToronto will log in later and  discuss his latest Bitcoin purchase from an ATM. He only buys the dips and hasn't sold a substantial amount yet. His strategy has worked extremely well for him.

[yefi]

yeah, but Eth and Btc seem to be in sych, pulling each other up and down. It really looks to me that even though Eth is dropping faster, the bottom will be the bottom for both of them, then they're likely to rise together too

I don't disagree.

[Icygreen]

Not a single satoshi lost    Keep your head together!

[lost_in_base]

We are low, pump coming soon.
Whales will cash the dip they bought..

[PoolMinor]

did any of you see whether that Bitstamp wall was eaten or pulled?

edit: definitely pulled. Volume confirms

Oh thx

Postings on topic might be reported to mods... Beware

 

I like taking risks


by the way, same tactic seems to be playing out on Poloniex for Eth. Sell wall attracting lots of downstream sell orders that can be bought into.

Eth on Polo has a completely different problem,
"Due to ongoing network instability, we've disabled Ethereum deposits/withdrawals. We'll enable once we know the network is functioning properly."

When you cannot get your fav coin out of an exchange you must sell it for one that will withdrawal, similar to the Cryptsy experience when DOGE was trading at 30% higher rate because there were still DOGE withdrawals available, but not BTC or any other major coin.



$2200 bottom, I heard it on https://megatilt.club/

[Meuh6879]