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

[pacman7331]

Oh look!  It's still going down.

Fucking awful, it’s great knowing that in a certain amount of time (6 momths, a year, who knows) the price will almost inevitably rise but it’s kind of heartbreaking waking up to a $500 dump seemingly every fucking day.

Well India decided to ban bitcoin today. I really think this is a globalist coordinated attack on Bitcoin. They just got finished meeting in Davos. The regularity of these "ban bitcoin" articles is perfect to reinforce the bear market. But hey at least you'll have a chance for cheap coins this February. Chinese new year starts on the 15th or so. Get that fiat ready! I have serious FOMO now after having to sell my 6.7 BTC back in 2015 cuz I had no money. So now i'm ready to make amends =D (albeit already invested as we speak)

[Biro Bob]

At times like this I wish I had some spare money  

[LFC_Bitcoin]

I’ve got a pretty healthy stash in cold storage that I bought from 2014-2015. I plan to HODL until at least 2021. I haven’t bought a single satoshi since 2015, I’m thinking about increasing my stash here but who knows where the bottom is. I don’t want to buy at $9xxx if next week we're at $6xxx

[Last of the V8s]

https://coincrunch.in/2018/02/01/no-arun-jaitely-did-not-say-bitcoin-will-be-banned/
anyway there's no money there

[Rsiyz]

always sell before chrismas. buy before chinese new year...    
oppa maybe these strategy is out off..
i am wonder after 16.2 or end february
i think who dont sell on 20 000 in december was f ..iot    who desilused hope will 50K or 100K as always braiwashed from "masters" here..
hope theymos will unlock my old hero+ account . if no ..

[omorfi]

I hope that Bitcoin prices will move a little bit when the Chinese new year event are over. We need to hodl patiently till end of Feb. The real cost of a bitcoin is around 5-5.5k usd when you add it labor cost. 8-9k usd btc prices are not expensive but cheap.

[serveria.com]

I'm using this sideways/dip time to extract forkcoins and sell them for BTC. Here's a nice list just in case: https://bitcoinforks.io/ It's not complete there are more you'll have to google them. Some have already fallen to 0 but some still have value.    

[PoolMinor]

Oh look!  It's still going down.

https://www.youtube.com/watch?v=1lWJXDG2i0A

[pacman7331]

https://coincrunch.in/2018/02/01/no-arun-jaitely-did-not-say-bitcoin-will-be-banned/
anyway there's no money there

Some guy had a graph earlier showing it was 7500...

[pacman7331]

always sell before chrismas. buy before chinese new year...    
oppa maybe these strategy is out off..
i am wonder after 16.2 or end february
i think who dont sell on 20 000 in december was f ..iot    who desilused hope will 50K or 100K as always braiwashed from "masters" here..
hope theymos will unlock my old hero+ account . if no ..

I would have sold at like... 500.. lol ahhh so pathetic.

[Last of the V8s]

https://coincrunch.in/2018/02/01/no-arun-jaitely-did-not-say-bitcoin-will-be-banned/
anyway there's no money there

img]https://i.imgur.com/3k1Rwk2.jpg[/img]

Some guy had a graph earlier showing it was 7500...

let 1,000 graphs flourish

[somac.]

For this correction to be over I think we need to see a strong spike down, probably a couple thousand dollars, then a strong spike back up straight after. Looking at the history of corrections before this has always been the case. If this correction turns into a bear market which I reckon would be below 7k. We would need to see the same thing as well for the bear market to end.

I remember in 2013 when silkroad was shut down, quick drop the quick recovery then moon. Same thing in 2015 drop to 150 then spike back up.

[rdluffy]

BTC won't be banned by South Korea and India
lightning network

I really do not understand why we are not growing

[PoolMinor]

Oh look!  It's still going down.

Fucking awful, it’s great knowing that in a certain amount of time (6 momths, a year, who knows) the price will almost inevitably rise but it’s kind of heartbreaking waking up to a $500 dump seemingly every fucking day.

Well India decided to ban bitcoin today. I really think this is a globalist coordinated attack on Bitcoin. They just got finished meeting in Davos. The regularity of these "ban bitcoin" articles is perfect to reinforce the bear market. But hey at least you'll have a chance for cheap coins this February. Chinese new year starts on the 15th or so. Get that fiat ready! I have serious FOMO now after having to sell my 6.7 BTC back in 2015 cuz I had no money. So now i'm ready to make amends =D (albeit already invested as we speak)

"Finance minster Arun Jaitley, in his budget speech today (Feb. 01), stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India. He reiterated that India does not recognise them as legal tender and will instead encourage blockchain technology in payment systems."

"The government does not consider cryptocurrencies as legal tender or coin, and will take all measures to eliminate the use of these crypto assets in financing illegitimate activities," Jaitley said.



https://www.ft.com/content/9fc05f8e-0720-11e8-9650-9c0ad2d7c5b5


“The government and the RBI have been repeating the same statements on bitcoin since December 2013. Therefore, it is clear that if they had to probably ban it then they would have had done it by now. So it is better that they at least give an indication about the regulations,” said Sathvik Vishwanath, co-founder and CEO of Unocoin, a bitcoin exchange.

https://qz.com/1191061/budget-2018-amid-the-bitcoin-boom-indias-fintech-sector-is-craving-arun-jaitleys-attention/

Edit:

"This changes NOTHING
For years now, the Indian government has maintained the same stance for cryptocurrencies. It is not a legal tender. The same way you cannot use gold to buy coffee from a Starbucks in India, you can’t use Bitcoin to buy products and services in India."

"Jaitley further went on to say that the government will keep exploring working on the blockchain technology."

https://itsblockchain.com/india-not-banning-cryptocurrencies-stop-fud/

[pacman7331]

BTC won't be banned by South Korea and India
lightning network

I really do not understand why we are not growing

Chinese bro... they got the Yuan qi. Or maybe it is a bubble.  U know what the news out tomorrow will be...

[Flamaicon]

A post that a guy from India say:
================

Might be coz of India FUD. I am from India, and trust me govt didn't say exactly what the news is posting. All that the parliament said is that Crypto is not legal tender.

Indian Govt has a long history of not taking calls. They always stall things as long as they can. Our media and politicians take the word 'currency' in cryptocurrency quite literally. They think we want to use cryptos to buy our daily milk and eggs. We just want to be able to trade them, and use them as a store of value on the other hand. Journalists are not smart enough at the moment to understand this concept, and politicians are smart enough to keep everything in limbo not really start taxing crypto trading. Some individuals are saying ban the crypto trading and thats what media highlighted, but a couple of individuals doesnt make up the whole govt (just like the recent S Korea FUD)

================

So... calm down... dont panic ! Just another FUD.
Midia war against Cryptomarket
Be smart.
The prices will back. Dont sell. Dont lost money

[realr0ach]

Some guy had a graph earlier showing it was 7500...

The infinite growth charts are made by pump and dump scammers.  In the past, the bottom trendlines usually correlated somewhat with current cost of production, so when it imploded down to that level, the big miners themselves would take a risk and buy coins to prop up the market and prevent themselves from mining at a loss.  In this runup from $1000 to $20,000, the cost of production didn't go up much at all - only to like $3000.  So if you were actually going by history, that's where it would bounce from.  The $7500 number is completely arbitrary with no basis in reality.

[pacman7331]

Some guy had a graph earlier showing it was 7500...

The infinite growth charts are made by pump and dump scammers.  In the past, the bottom trendlines usually correlated somewhat with current cost of production, so when it imploded down to that level, the big miners themselves would take a risk and buy coins to prop up the market and prevent themselves from mining at a loss.  In this runup from $1000 to $20,000, the cost of production didn't go up much at all - only to like $3000.  So if you were actually going by history, that's where it would bounce from.  The $7500 number is completely arbitrary with no basis in reality.

Yea... could be. Well mining industry will be feeling this if it doesn't rebound regardless. I hope they will sell the s9 at a lower price at least... or else it will be a overpriced heater.

[PoolMinor]

I'm using this sideways/dip time to extract forkcoins and sell them for BTC. Here's a nice list just in case: https://bitcoinforks.io/ It's not complete there are more you'll have to google them. Some have already fallen to 0 but some still have value.    

Fork is the new clone.....geebus that's a lot of forks....Why bother cloning when you can just fork?

[bitserve]

I reckon there's probably $50 to $100 million in real fiat deposits backing Tether's $2.5 billion in worthless blockchain tokens that were used to blow the 2017 bitcoin bubble.

We're headed back to $1k folks.

Hey, do you realize you are constantly changing your "prediction"?

https://bitcointalk.org/index.php?topic=178336.msg29279653#msg29279653