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

[svdleer]

4th day in a row waking up with a 5% decrease....all weak hands should be out by now, since we are about at the level of november now.

[samsonn25]

And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....

In theory tether is pegged very close to the dollar.    It has been flat the last year while most coins are still up 300-1000%

[Denker]

Nice healthy correction, especially all the other alt coins that were in a BUBBLE

Just proves again that Bitcoin is the center and most relevant Blockchain in the crypto space.
"Diversify into altcoins" doesn't work when the king is taking a deep dive. It just drags all the other coins with it.
So when someone sais he wants destroy Bitcoin to make his own coin the number one, he will just destroy his own coin as well.
Bears are strong these days and have made a fortune. If the price keeps going down I can see more panic kicking in and levels like $5k may be in reach.
Scary thoughts, but emotions and market overreactions work in both directions.

[becoin]

Very close to the bottom now. I'm buying.

[serveria.com]

Who in the world is still selling now? You need to be absolutely crazy to sell atm...

[HairyMaclairy]

How many weeks did 2013 last for?  We are 7 weeks now since the peak.  To me the slow length of the grind indicates a 2014 situation but happy to be challenged.  

Importantly I don’t agree that a 2014 grind out would lead to a 2 year winter. I think the recovery would be much faster this time. Too much happening in the space.

Only 1 year?

How about we negotiate for 6 months or less?  


 Can you grant that, Hairy Mac.... ... check with your people, and get back with my people.    

There is some serious Wall St shit scheduled for second half of 2018. Fully legal, fully regulated crypto stock exchanges are going to become a thing.   But that depends a bit on market conditions being right, otherwise they risk delay.   Have a read of the Gibraltar Stock Exchage white paper.

As Bitcoiners we really need an ERC20 style token.  I was hoping RSK was going to come through on this but is apparently still 12 months away.   Any suggestions how we can make that happen would be welcome.

[samsonn25]

Who in the world is still selling now? You need to be absolutely crazy to sell atm...

Probably the people who got in late, btc was $2600 3 months ago and ran up alot , too much actually

[HairyMaclairy]

Who in the world is still selling now? You need to be absolutely crazy to sell atm...

Probably the people who got in late, btc was $2600 3 months ago and ran up alot , too much actually

I see ads for crappy investments like “pink diamonds went up 10% this year” and I just laugh.  I can make that on a shitcoin in an hour. 

[explorer]

Who in the world is still selling now? You need to be absolutely crazy to sell atm...

Probably the people who got in late, btc was $2600 3 months ago and ran up alot , too much actually

BTC was $6500   $7000 3 months ago.

[Wolf Rainer]

Who in the world is still selling now? You need to be absolutely crazy to sell atm...

Probably the people who got in late, btc was $2600 3 months ago and ran up alot , too much actually

What are you talking about? 3 months ago bitcoin price was $7500.

[Asrael999]

And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....

In theory tether is pegged very close to the dollar.    It has been flat the last year while most coins are still up 300-1000%

Quite, but isn't the whole point of this latest round of FUD that Tether is an unbacked scam and therefore not really worth $1 or tethered at all.   If the price is stable close to $1 then maybe it's not a scam and all this is just made up shite and not even FUD

[rezurect007]

Dat candle,the volume ..

[HairyMaclairy]

And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....

In theory tether is pegged very close to the dollar.    It has been flat the last year while most coins are still up 300-1000%

Quite, but isn't the whole point of this latest round of FUD that Tether is an unbacked scam and therefore not really worth $1 or tethered at all.   If the price is stable close to $1 then maybe it's not a scam and all this is just made up shite and not even FUD

All the fuckheads have to do is release a letter from the bank confirming the balance.  No audit required - we can all count the number of Tether outstanding.   It’s a 5 minute job. 

[Dakustaking76]

Sireusly When Will this stop??

[svdleer]

The downforce is really to massive, complety no buying presure, only sell sell sell sell sell with insane amounts of market sells placed continuously.

[kurious]

And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....

In theory tether is pegged very close to the dollar.    It has been flat the last year while most coins are still up 300-1000%

Quite, but isn't the whole point of this latest round of FUD that Tether is an unbacked scam and therefore not really worth $1 or tethered at all.   If the price is stable close to $1 then maybe it's not a scam and all this is just made up shite and not even FUD

All the fuckheads have to do is release a letter from the bank confirming the balance.  No audit required - we can all count the number of Tether outstanding.   It’s a 5 minute job. 

Even if they did have the USD backing, I cannot imagine them not using it rather than keeping it sitting in a bank.   Human nature being what it is, it's not plausible.  I have never touched Tether, always seen it as too good to be true.

[samsonn25]

And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....

In theory tether is pegged very close to the dollar.    It has been flat the last year while most coins are still up 300-1000%

Quite, but isn't the whole point of this latest round of FUD that Tether is an unbacked scam and therefore not really worth $1 or tethered at all.   If the price is stable close to $1 then maybe it's not a scam and all this is just made up shite and not even FUD

But it is true that its officially unbacked, contrary to what you read about the founders and partners bank accounts.

[Dakustaking76]

Guys i think its over...

IT was a honor ;(

[Wolf Rainer]

Now im pretty scare. This is bad, no signs of the stoping.

[wayna]

So everybody knew a bit about BTC and cryptos.

They put some money into the market in a skyrocketing period of gains, then a steady and eventually a huge dump.

They shook their hands and now someone believes it's not worth it, it's about a scam and so on (in the meantime FUD and regulations applied).

If you look at charts the price is still higher than August. Investments are increasing in this market.

Again, I see a strategy both to put away weak people from the market and reset it in order to follow the next pump.

The real issue:
is BTC still the king?

Any crypto is traded with BTC, so BTC is a critical leverage to exchange whatever crypto you want, however in the real market we should also look how ETH is performing, the latter seems particularly in shape even in this massive dump!