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

[becoin]

The lack of fear here makes me think this has further to go down. 

Why should we fear the opportunity to buy more cheap coins?

[Ibian]

The lack of fear here makes me think this has further to go down. 

Why should we fear the opportunity to buy more cheap coins?

I'm still holding to my four year mantra that anything below 1k is cheap, so that's a long way off.

[Torque]

Remember that one time the price went from 3005 all the way down to 1840?

Man, that was sooo long ag.... oh wait

[bitcoinvest]

i have placed a buy order at 2000€ and will check it again about 1 week later i hope i not buy expensive.

Good day bitcoin land!

[d_eddie]

Finally someone with a brain speaking:

"Back to $200! Bear market any minute now!" ... "It's just a flesh wound! 10k by the end of the year!"

How about: the market is testing the downside after huge gains were made during the past months. And "continuation or reversal?" will be largely determined by how this test proceeds? (e.g. support will or will not be found at a level which suggests the larger bullish trend remains intact)

My question is, where do you think this support will be found? Is it already found (3600ish), is it 3200-3000 or further down?

imo, under $2k easy

I was asking people with at least half brain. but thanks.

lols fine gd luck ,hahaha...maybe it will goto $1k

ShroomsKit_Disgrace, you don't understand.
The first reply "$2k" was on FULL BRAIN!
Then you mentioned "half brain" again and the poor lad shut off half of the poor thing.
So the next answer is... unsurprisingly, half as much.
 

[realr0ach]

It's time to que up the avalanche of retard pumpers that know absolutely nothing about cryptocurrency to spam the boards with their cut and paste slogan "blockchain is here to stay".  Since it's not even possible to create a decentralized cryptocurrency in the first place (all are designed to centralize), nothing could be further from the truth.  

Yea, they might live on as federated chains run by corporations and govt, but who gives a shit about those.  Bitcoin died the day the first asic was created when it could no longer be mined with normal, off the shelf, commodity hardware.  There's no point screwing with this garbage over real money now (physical silver).

[toknormal]

...real money now (physical silver).

"Real money" that's totally iliquid ?

Is that not a contradiction terms ?

[d_eddie]

It's time to que up the avalanche of retard pumpers that know absolutely nothing about cryptocurrency to spam the boards with their cut and paste slogan "blockchain is here to stay".  Since it's not even possible to create a decentralized cryptocurrency in the first place (all are designed to centralize), nothing could be further from the truth.  

Yea, they might live on as federated chains run by corporations and govt, but who gives a shit about those.  Bitcoin died the day the first asic was created when it could no longer be mined with normal, off the shelf, commodity hardware.  There's no point screwing with this garbage over real money now (physical silver).

I missed you too.

[oda.krell]

Prove that you're the real r0ach by unloading some of your finest tinfoil-y antisemitic low-resolution jpeg montages.

[bitcoinPsycho]

It's time to que up the avalanche of retard pumpers that know absolutely nothing about cryptocurrency to spam the boards with their cut and paste slogan "blockchain is here to stay".  Since it's not even possible to create a decentralized cryptocurrency in the first place (all are designed to centralize), nothing could be further from the truth.  

Yea, they might live on as federated chains run by corporations and govt, but who gives a shit about those.  Bitcoin died the day the first asic was created when it could no longer be mined with normal, off the shelf, commodity hardware.  There's no point screwing with this garbage over real money now (physical silver).

Why are you here then?

[realr0ach]

...real money now (physical silver).

"Real money" that's totally iliquid ?

Is that not a contradiction terms ?

I have never had a problem with metals liquidity.  If you live in a small town, you will probably have liquidity problems with everything though, such as trying to find someone to work on a BMW...or any car that's not....a ford...

[ParabellumLite]

Interesting how there is so little talk around here about how many Chinese BTC Western exchanges will be able to absorb in the first place.
Because rest assured: what cannot be sold in China will be sold in the West.

Another thing that is not being talked about: how will BTC survive after a large decline? Is this crypto's Dotcom bubble crash? Because in that case, only a few crypto currencies will survive, and only those with the strongest usecase. In my view, BTC is far from certain to be ensured survival in that case.  Bitcoin is not ensured - at all - to rise again. Past performance does not guarantee future performance, as the opposite would mean that Bitcoin would keep rising forever.

Lastly: what will happen if some major parties that are playing the market now decide to move over to some other crypto alternative, with more advanced tech and/or a different usecase? Because those parties aren't holding BTC for some damn ideological goal: they want to make money. If they start dumping Bitcoin like there is no tomorrow, we might easily find ourselves in a similar 2014/2015 decline.

I'm curious how people think about these questions, as there is way too little attention for such things here.

[Torque]

This seems like blatant stop loss hunting to me.

Bullish?

[BlindMayorBitcorn]

This seems like doom to me. Say goodbye to your riches. 

[toknormal]

Here's the real reason why China is "banning bitcoin" again.

Because their own currency is sh........

[ParabellumLite]

I wonder how many people were ensnared in yesterday's bulltrap.

[BlindMayorBitcorn]

I wonder how many people were ensnared in yesterday's bulltrap.

I can probably name a few.

[Torque]

This seems like doom to me. Say goodbye to your riches. 

Did you wet your wittle panties? Maybe you should sell for that comfy fiat nipple.

[leowonderful]

Ok, was only half expecting going below $3,500 / USD.

Any bets we see $3k USD by EOD ?

It's pretty likely seeing what's happening right now. Assuming no more news like this comes out I expect 3000-3100 by EOD.

[Dakustaking76]

Can someone give me a good explain, Why are we going So much down?
I can understand a correction going to €2600 kraken price.. But that would Be insane Thats like more the
€1200 correction in price..
Beceause btc rised from there above €3k

So what you guys think about iT?