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

[empowering]

chinese dont loose nothing. now they want start some.. most painfull for usa.. 

Painful like a BJ from an enthusiastic Chinese lass? - bit teethy and very sloppy?  what happens at the end of (a good sloppy) BJ?

[Nam3]

From 180 - 100 Billion. It sucks to see price going down 
I'm just wondering what happens when it goes below 100 

[gentlemand]

Painful like a BJ from an enthusiastic Chinese lass? - bit teethy and very sloppy?  what happens at the end of (a good sloppy) BJ?

Chinese mouths are too small for that type of thing. I know to my cost.

[Wekkel]

We are waiting for a resolution of this big push into the red. Since the move has reached extremes, I would expect a bounce now. But Mr Market is always right in the end. If enough humans got scared, that does not suddenly go away. They will come to their senses only one by one.

In that respect, some sideways action, even just for a day, may lead to all emotions simmering down a bit.

[mastrox92]

3000.00000

[Ted E. Bare]

Here we go again,



All-in bitcoin!

(BITCOIN PRICE INDEX $3,069.37)

Probably the bottom.

[Asrael999]

Here we go again,



All-in bitcoin!

(BITCOIN PRICE INDEX $3,069.37)

Probably the bottom.

Until China stops falling we will see pressure on western exchanges . Coins are just moving east - west for the few hundred usd arb. Those concerned probably underpinning the walls below the bids so they can extract the premium before letting the markets drop again and repeating.

[fortune143]

We are waiting for a resolution of this big push into the red. Since the move has reached extremes, I would expect a bounce now. But Mr Market is always right in the end. If enough humans got scared, that does not suddenly go away. They will come to their senses only one by one.

In that respect, some sideways action, even just for a day, may lead to all emotions simmering down a bit.

I'm most certainly expecting some form of bounce imminently. Made a few tiny buys between $3000-3200, and have buys of increasing amounts staggered in increments all the way down to $1200.

The price at $5000 was so obviously overcooked so it's great to see some form of retracement from that. I'd personally be very surprised if we reached anywhere near sub $1500 in the next few days, a bounce back up to ~$3600-3800 sounds more likely before what I would hope is a further fall in the medium term. Lets see, Bitcoin make a fool of meee!

[ghandi]

Bye bye $3000. It was nice to have you here!  

// Bitstamp is gone. Finex is eating up a 2000BTC wall @ $3000

[Spaceman_Spiff_Original]

3000 breached

[ParabellumLite]

Here we go again,



All-in bitcoin!

(BITCOIN PRICE INDEX $3,069.37)

Probably the bottom.

Until China stops falling we will see pressure on western exchanges . Coins are just moving east - west for the few hundred usd arb. Those concerned probably underpinning the walls below the bids so they can extract the premium before letting the markets drop again and repeating.

Exactly this. There is way too little attention here towards the question how much BTC Western exchanges can actually absorb here, and how long it will take for the Chinese to cash out. We might easily be looking at months here, if not more than a year, to sell at optimum prices after the initial correction.

Expect another leg up not too far in the future from now, up to 3500-4000 USD max. After that, the bear will push it all down below 2500 and confirm the bear market.  The people here that held in the last two weeks, due to rampant permabullish sentiments here, will shoulder the bill. And among them there will be many people that have no idea of what they are doing, but simply trusted on what was written here by oldtimers that bought in much lower.

[sirazimuth]

well all this crashing/exchange closing business has certainly buried the segwit 2x fork thingy story eh?

[mastrox92]

3k smashed!
this moment all charts like

[ask]

3000$ wall just destroyed. Keep an eye on 16000 yuan level which is around 2700$ then big things may happen there is no powerfull support under 2700$
Next level is below 2000$ and we are so close to 2000$

[empowering]

Here we go again,



All-in bitcoin!

(BITCOIN PRICE INDEX $3,069.37)

Probably the bottom.

Until China stops falling we will see pressure on western exchanges . Coins are just moving east - west for the few hundred usd arb. Those concerned probably underpinning the walls below the bids so they can extract the premium before letting the markets drop again and repeating.

Exactly this. There is way too little attention here towards the question how much BTC Western exchanges can actually absorb here, and how long it will take for the Chinese to cash out. We might easily be looking at months here, if not more than a year, to sell at optimum prices after the initial correction.

Expect another leg up not too far in the future from now, up to 3500-4000 USD max. After that, the bear will push it all down below 2500 and confirm the bear market.  The people here that held in the last two weeks, due to rampant permabullish sentiments here, will shoulder the bill. And among them there will be many people that have no idea of what they are doing, but simply trusted on what was written here by oldtimers that bought in much lower.

But it looks like the Chinese have exactly 2 weeks to cash out ..

[Meuh6879]

It's the actual mining cost of a bitcoin. Reality check.

[Ted E. Bare]

You guys are too negative. I have seen this with every correction.
We have probably seen the worst already. Buy the fucking dip...

[empowering]

well all this crashing/exchange closing business has certainly buried the segwit 2x fork thingy story eh?

Whats a sewgitz2X ??  

[gembitz]

3k smashed!
this moment all charts like

doge coin will save us!    weeeee

[empowering]

You guys are too negative. I have seen this with every correction.
We have probably seen the worst already. Buy the fucking dip...