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

[empowering]

I expect an statement from PBOC next Monday saying they will work closely with Ripple Labs and make BCH the only legal and official crypto currency in China.

That will be the point of max pain.  

..... and you suppose they are jus going to not  bother with NEO and Walton Coin? ermmmmmm naaah I cannot see that happening somehow!

(though I fully expect some sort of "surprise"  or "taa-daah" "Ba-dum-tish" moment for sure....oh and a CNY tether coin so they can control the bottleneck at the fiat on and off ramps -  to stop capital outflows and get a better grip on ML - some strict new hoops for exchanges to jump through and the intro of the tether coin into the regulated platforms

BCH could play a role- would not surprise me (they will be in for a shock)

[lemmyK]

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

[Asrael999]

So is this the Chinese taking the Russian route and making BTC only available for the rich and Qualified Buyers, wouldn't want to allow poor people to get rich after all?   Shame decentralised exchanges will bigger that plan up.

[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.

[Raja_MBZ]

China is going to produce out some good but strict information now. It just seems impossible that they're going to ban this whole thing out.

...and can someone around tell why the hell ETC is being dumped out the most? It has not been recovering at all for the past few days... bought a heck of it at 0.004 BTC, and now its less than 0.003 BTC. Even with a lot of developments, it's getting hit out the most in all alts.

[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.