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

[ShadowBCH]

I had not expected that down movement. This now forces me to change my plans. This does not look too bad:

Bitstamp | Total bids: 55338478 USD. Total asks: 3855 BTC. Ratio: 14354.81375 USD/BTC. | Data vintage: 0.0259 seconds

LOL ... this puts Jamie Dimon into perspective:

Two numbers that stand out:
Over $13b in fines paid by JPM because of fraudulent mortgage practices
Over $1b in separate fines paid because of its role in the Madoff scheme.

All under Jamie's watch. But it's Bitcoin he's worried is the FRAUD

Truly ironic, when the CEO of the fraud bank JPM which got bailed out with billions claims Bitcoin is a fraud. Anyone with a rudimentary understanding of Bitcoin knows that it can not be a fraud. Bitcoin is neutral.

Again only fools and idiots would be selling now...... or i'm wrong ?  

selling at the potential top of a bubble to take x5-x6 profit from 800 dollars doesn't seem so foolish

Selling at $4k, when the top was $5k is truly foolish.

So tell me what is BTC? I will answer you BTc is nothing. 90% of people see only this money making and not the future

[Lauda]

So tell me what is BTC?

If you don't understand what BTC is, then you're either a baboon or a dinosaur, or both.

I will answer you BTc is nothing.

Scratch that, you're just an idiot.
Keep drinking the current financial system's kool-aid. That's where the true fraud lies. Do you think it's just a coincidence that almost no school in the world teaches you about money or where its value comes from?

[savetherainforest]

Interesting topic - but I wait until the BTC goes below $ 3k

That will not happen.

Even this what we have now it is too much. It would be suicide for those that sell. They would almost give their coins for free!

why suicide? If anyone ever bought $ 100 for btc? It's still a beautiful profit for him

I started buying when it was under 200$ and kept buying! ... If you stay and think about it, many idiots like me that keep buying and holding will create a monumental clusterf^ck! And the price will be forced to go to heights that your head would just spin. Small countries will be sold and bought with just a few bitcoins in the future.


*edit(0): Future == 20+ years or more.  (even if I think better stuff than bitcoin will come up)

[ShadowBCH]

So tell me what is BTC?

If you don't understand what BTC is, then you're either a baboon or a dinosaur, or both.

I will answer you BTc is nothing.

Scratch that, you're just an idiot.
Keep drinking the current financial system's kool-aid. That's where the true fraud lies. Do you think it's just a coincidence that almost no school in the world teaches you about money or where its value comes from?

You're a funny girl.
All you can do is offend people. you are a big zero.
why can not you explain what and why? Do you have to insult people? you enjoy it?

[savetherainforest]

So tell me what is BTC?

If you don't understand what BTC is, then you're either a baboon or a dinosaur, or both.

I will answer you BTc is nothing.

Scratch that, you're just an idiot.
Keep drinking the current financial system's kool-aid. That's where the true fraud lies. Do you think it's just a coincidence that almost no school in the world teaches you about money or where its value comes from?

You're a funny girl.
All you can do is offend people. you are a big zero

There is a wide consensus that he might be a dude.

[Denker]

Look how much effort it took to push the price below 4k!
So much FUD, fake news, unconfirmed articles by msm and social media accounts the last several days.
As soon as we know what's going to happen in China with cryptos I expect the market to move up again. The commies are much less of importance as they may think.
So there is nothing to worry about. And hodlers can relax anyway.

[sgk]

3800 is the bottom

[Elwar]

A whole lot of n00bs leaving the Bitcoin market right now with their participation trophys.

This is why when someone asks me if it's the right time to buy I ask them if they don't like war then this is the perfect time. If they like children being bombed then it's better for them to keep their war money.

[ft73]

3800 is the bottom

You mean for today?

[ShadowBCH]

Will anyone tell why this cheat lauda gives negative ratings for the account?

[ft73]

In the meantime seems ViaBTC is NOT going to shutdown.

@yhaiyang: "We won't going to shut down. We will stop CNY deposit and trade if needed."

Since they're a Chinese Exchange and should be well informed that's encouraging news.

See: https://www.cryptocoinsnews.com/chinese-bitcoin-exchanges-take-diverging-paths-amid-regulatory-uncertainty/

[JayJuanGee]

So tell me what is BTC?

If you don't understand what BTC is, then you're either a baboon or a dinosaur, or both.

I will answer you BTc is nothing.

Scratch that, you're just an idiot.
Keep drinking the current financial system's kool-aid. That's where the true fraud lies. Do you think it's just a coincidence that almost no school in the world teaches you about money or where its value comes from?

You're a funny girl.
All you can do is offend people. you are a big zero

There is a wide consensus that he might be a dude.

She might be a he acting like a pussy (cat).


In the end, seems like a BIG

SO WHAT?


If posters are spewing out nonsense - then someone needs to point that out, and may as well be a cat in sunglasses, no?


By the way, some folks were talking about $3800 as a possible bottom; however, with this rate of downwards correction, $3400 or even $3200 could be within reasonable dumping territory, no?    Probably absolute bottom would be somewhat above $2500.. I am having some trouble foreseeing anything that low under these current conditions ... and even $3k might be a bit difficult to break below, right folks?

[Searing]

In the meantime seems ViaBTC is NOT going to shutdown.

@yhaiyang: "We won't going to shut down. We will stop CNY deposit and trade if needed."

Since they're a Chinese Exchange and should be well informed that's encouraging news.

See: https://www.cryptocoinsnews.com/chinese-bitcoin-exchanges-take-diverging-paths-amid-regulatory-uncertainty/

Some exchanges in China (I forget who) say only 15% of their clients are from China....if true, what would the effect of this 15% of
folk being banned from exchanges have in folks view?

Bitcoin will recover from any of this FUD but curious in the short term.

[JayJuanGee]

Look how much effort it took to push the price below 4k!
So much FUD, fake news, unconfirmed articles by msm and social media accounts the last several days.
As soon as we know what's going to happen in China with cryptos I expect the market to move up again. The commies are much less of importance as they may think.
So there is nothing to worry about. And hodlers can relax anyway.

I doubt that it is the chinamen causing this correction with any kind of substantive meaning  - maybe on the margins, but maybe a correction was kind of needed?  I don't know. 

I have some difficulties concluding that we are experiencing the 50% correction this time around (which would be $2.5k).. and maybe 36% would be about the lower boundaries of this particular correction? (which would be around $3200), but hey, I kind of thought that 20% was going to be the lower boundaries  (which would have been $4k), and look how that turned out?

Just gotta keep buying and hope to not run out of money before the bottom, right?

[NUFCrichard]

We are down on the month now, that hasn't happened for a while.
I think we will see a double top in the next couple of weeks, before a more sustained fall back to a more normal level

I don't know what normal is anymore, but if someone had offered $1500 a year ago, I'd have been very happy!

[bitcoinPsycho]

It's not all bad . I'm enjoying watching BCH slide 

[bitcoinvest]

you get it all wrong.... the trustee from gox is just selling the bitcoins    lol

don't worry we will go more down from here and will recover again

[ghandi]

This is the bottom. Please all re-buy now so i can exit my leverage long without loss. Thanks!

[toknormal]

[bitcoinvest]

This is the bottom. Please all re-buy now so i can exit my leverage long without loss. Thanks!

i think is not the bottom but i hope you are right