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

[PaivanTreidi]

Long time follower, first post.

I'm not going to say much.

8000 will hold

10k by Monday.

ATH April 12th.

[mymenace]

While we're watching this, a much larger area of carnage is emerging.

US Guvpaper meltdown continuing this morning. Contagion into stawks also.

BTC --> $30k.

Can you explain this? I don't follow standard economy.

The dow is doing OK, so which stocks are down?

Also, how do you measure US dollar performance?

how to measure US Stocks - bonds, derivatives and CDO

[mymenace]

Long time follower, first post.

I'm not going to say much.

8000 will hold

10k by Monday.

ATH April 12th.

Right on

certainly getting the right info

[HairyMaclairy]

Wow global market cap now starts with a 3.  Cool.

[becoin]

Just dumped all my tethers. I was so worried about tether I was ready to buy back at 12K the other day. This is a steal.

You don't have tethers. You don't have bitcoins. You never had.
Don't get too excited when bitcoin price goes down and don't be too depressed when bitcoin price goes up.
Just don't forget to take your daily medications and everything will be ok.

[luckygenough56]

Long time follower, first post.

I'm not going to say much.

8000 will hold

10k by Monday.

ATH April 12th.

is there news on april 12th or is it based on some tradingview retard prediction ?

[TheRealProphet]

Hodl guys, hodl! Hodl the door for the sellers while they're leaving Titanic!

[TERA2]

Just dumped all my tethers. I was so worried about tether I was ready to buy back at 12K the other day. This is a steal.

You don't have tethers. You don't have bitcoins. You never had.
Don't get too excited when bitcoin price goes down and don't be too depressed when bitcoin price goes up.
Just don't forget to take your daily medications and everything will be ok.

There is no faster way to lose your mental health than one of these poisons "medications", except a TBI.

[rezurect007]

“Following the ad ban by Facebook, China banned advertising cryptocurrencies as well. Japan has forced local exchanges to warn about risks of cryptocurrency trading. While India announced the toughening of the regulation of the cryptocurrency market. Bitcoin can rebound, but on the upside investors will sell it in the short term,”

https://www.rt.com/business/417677-cryptocurrency-market-fall-india/

The Indian govt usually procrastinates policy as much as possible. Bureaucrats need time to figure out policy.
Zebpay, Unocoin ,Coinsecure and Koinex are india largest exchanges : I don't think their combined volume accounts for much.

There was no new regulation announced as such.
The actual news was "its not legal tender", cant use it as currency in india. But people allowed to trade it as an asset. And pay taxes on it.
All the exchanges continue to operate legally.

They announced they would look into integrating blockchain innovations.Some states seem to have tenders for integration IT projects. That is bullish in the long term.
https://www.coindesk.com/government-think-tank-to-trial-blockchain-verification-in-india/
https://inc42.com/buzz/blockchain-andhra-pradesh-covalent-fund/
https://www.cnbc.com/2017/10/10/this-indian-state-wants-to-use-blockchain-to-fight-land-ownership-fraud.html
https://www.ethnews.com/maharashtra-state-of-india-to-secure-government-data-on-blockchain

[svdleer]

The sell volume is still really insane.... Wonder when those hands are finaly empty

[toknormal]

When Tether collapses you will feel pretty stupid for not grabbing 8K, even if btc/usd proceeded to 6K. Ive already flipped it to the point of having virtually no cost basis and dont need to be so greedy that I lose it all..

That depends on whether your're trying to accumulate crypto or the ever atrophying US dollar.

If you think Tether's toxic for creating "dodgy" liquidity it's got nothing on the world's central banks who have inflated the monetary base by multiples to prop up all known markets including stocks and treasuries.

Personally I won't feel the least bit stupid for not going all in on the collapsing "fiat train", specially having lived through several of these "corrections" and survived to tell the tale

[JayJuanGee]

Long time follower, first post.

I'm not going to say much.

8000 will hold

10k by Monday.

ATH April 12th.

Decent First post.

Welcome.

[PaivanTreidi]

Long time follower, first post.

I'm not going to say much.

8000 will hold

10k by Monday.

ATH April 12th.

is there news on april 12th or is it based on some tradingview retard prediction ?

Wow.

First post.

Make a prediction - - - - > get called a retard. I guess I had it coming. Should have realised that I actually have to KNOW what will happen next to post.

Yes. Just my retard prediction. And no. There is no news I'm aware about then. It just happens to be about 70 days from now. I figure that is enough for the winds change significantly. Again... Just a retard prediction though.

[TERA2]

When Tether collapses you will feel pretty stupid for not grabbing 8K, even if btc/usd proceeded to 6K. Ive already flipped it to the point of having virtually no cost basis and dont need to be so greedy that I lose it all..

That depends on whether your're trying to accumulate crypto or the ever atrophying US dollar.

If you think Tether's toxic for creating "dodgy" liquidity it's got nothing on the world's central banks who have inflated the monetary base by multiples to prop up all known markets including stocks and treasuries.

Personally I won't feel the least bit stupid for not going all in on the collapsing "fiat train", specially having lived through several of these "corrections" and survived to tell the tale

image

I cant go into fiat in that account that im locked in with the small withdrawal limits. Im stuck between bitcoin and tether. And just because the fraud in tether is similar to the usd doesnt mean it will survive. Tether isnt backed by the government and nobody is going to save it.

[mymenace]

[luckygenough56]

Long time follower, first post.

I'm not going to say much.

8000 will hold

10k by Monday.

ATH April 12th.

is there news on april 12th or is it based on some tradingview retard prediction ?

Wow.

First post.

Make a prediction - - - - > get called a retard. I guess I had it coming. Should have realised that I actually have to KNOW what will happen next to post.

Yes. Just my retard prediction. And no. There is no news I'm aware about then. It just happens to be about 70 days from now. I figure that is enough for the winds change significantly. Again... Just a retard prediction though.

ok then Nostradamus suit yourself 

[toknormal]

I cant go into fiat in that account that im locked in with the small withdrawal limits. Im stuck between bitcoin and tether. And just because the fraud in tether is similar to the usd doesnt mean it will survive. Tether isnt backed by the government and nobody is going to save it.

Tether is one of these things that corrections get attributed to regardless of where they originate. It joins the ranks of, hardforks, exchange collapses, malleability scares, media scares, developer scares, competition scares.

Ask yourself this....why do you think so many scams surround bitcoin ? Answer: because it's being acknowledged as having real value. yet the one thing in the entire jungle which is not a scam, has never been hacked, cannot be "faked" and has no conflict of interests is bitcoin itself.

The Tether "crisis" is good for a few percent short term, but it will aggregate to nothing. I'd be more worried about holding tether than holding bitcoin.

[TERA2]

I cant go into fiat in that account that im locked in with the small withdrawal limits. Im stuck between bitcoin and tether. And just because the fraud in tether is similar to the usd doesnt mean it will survive. Tether isnt backed by the government and nobody is going to save it.

Tether is one of these things that corrections get attributed to regardless of where they originate. It joins the ranks of, hardforks, exchange collapses, malleability scares, media scares, developer scares, competition scares.

Ask yourself this....why do you think so many scams surround bitcoin ? Answer: because it's being acknowledged as having real value. yet the one thing in the entire jungle which is not a scam, has never been hacked, cannot be "faked" and has no conflict of interests is bitcoin itself.

The Tether "crisis" is good for a few percent short term, but it will aggregate to nothing.

Regardless of the effect of tether on bitcoin price, it will be a bad idea to hold tethers themselves. Tether could be a 100% loss. That's what I'm trying to say.

[flynn]

Long time follower, first post.

I'm not going to say much.

8000 will hold

10k by Monday.

ATH April 12th.

We need more newbies like this

[soullyG]

I'm expecting another leg down to $7400 or so, then a sharp rise back up over $9k by end of week before we grind our way back up to ATH