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

[Sitarow]

It’s indeed time to call the bottom

1500

By Friday.

Confirmed.

Or perhaps even within the next 10 minutes. It's a toss up.

Bear or Bull tomorrow there will be a slaughter.

[1713446157]

1713446157

[lightfoot]

Meantime credit card companies are making it harder to buy bitcoins.

http://money.cnn.com/2018/02/05/investing/bitcoin-banks-credit-cards-lloyds/index.html?iid=hp-stack-dom

It's so nice to see them have such an interest in "protecting their customers". I guess it's protecting them from ever using anything other than their nice sweet little 18% interest rate +4% merchant fees credit cards.

Eh. I accept bitcoins and litecoins for payment, always have, always will.

[TeeBone]

If BTC makes a miraculous comeback and closes above the 200SMA by day's end around 7850....funny-ass bear trap, bullrun back on.  

[lightfoot]

Meantime, what's up with the transaction pool?

https://blockchain.info/unconfirmed-transactions

Blockchain is showing under 30k unconfirmed for 620btc in fees at 12-20 tps. This is a massive drop from the 150-200k transactions for a lot less fees earlier.

In the old days anything above 3-4 tps would grown the chain, so is this segwit in operation?

[Torque]

Meantime credit card companies are making it harder to buy bitcoins.

http://money.cnn.com/2018/02/05/investing/bitcoin-banks-credit-cards-lloyds/index.html?iid=hp-stack-dom

It's so nice to see them have such an interest in "protecting their customers". I guess it's protecting them from ever using anything other than their nice sweet little 18% interest rate +4% merchant fees credit cards.

I find this odd. Banks are always trying to trap people into more debt. I get deluged with CC offers with 18-month, 0% interest in the mail almost every day. You would think that they wouldn't care about public risk.

[lightfoot]

Dude, just HODL.....



Little miss bitcoin is just going to freshen up, she will be back. Wait.....

[Nosk]

chart of the day:

Involving that we still are in a bull market. Plus, I think you can make a graph tell anything when you play with a logarithmic scale.

PS, real question : Can someone tell me if a similar type of chart helped them in the past ?

[the artful bodger]

Meantime credit card companies are making it harder to buy bitcoins.

http://money.cnn.com/2018/02/05/investing/bitcoin-banks-credit-cards-lloyds/index.html?iid=hp-stack-dom

It's so nice to see them have such an interest in "protecting their customers". I guess it's protecting them from ever using anything other than their nice sweet little 18% interest rate +4% merchant fees credit cards.

Eh. I accept bitcoins and litecoins for payment, always have, always will.

That only applies to credit cards. They will happily allow bitcoin purchases with debit cards. They are worried they will get stuck with the bill if people use their credit cards to gamble on the price of bitcoin going up.

Most banks haven't got a problem with account holders using their own money to buy bitcoins, but they are refusing to give credit to buy bitcoins with.

[conspirosphere.tk]

Involving that we still are in a bull market. Plus, I think you can make a graph tell anything when you play with a logarithmic scale.

You may be right. Panic-sell like a cuck then.

My BTC are still just the same as 2 months ago, and at some point sanity will be back.

[CoinCube]

Here is a news article that covers the probable underlying cause of this drop.
Their price predictions are likely overly bearish but otherwise I found it interesting.

Bitcoin could fall below $5,000 if this report on a mysterious cryptotoken is right
https://qz.com/1196866/bitcoin-prices-could-be-40-lower-because-tether-propped-it-up/

That said I wired some money to my BTC exchange today. I am going to try and time the bottom of this one.

[Nosk]

Involving that we still are in a bull market. Plus, I think you can make a graph tell anything when you play with a logarithmic scale.

You may be right. Panic-sell like a cuck then.

My BTC are still just the same as 2 months ago, and at some point sanity will be back.

Why would I do that ?
I currently am hodling 70% of my btc on a wallet. So, yes, I sold a bit of the other 30% to try gaining profit (became a bit of a FOMO guy since last December-January).
I'm sure sanity will be back at some point, the question is when ? And can we rob the panic sellers until then ?

Anyway, a recovery to 16k by april, like the chart you linked suggest, seems a bit optimistic to me.

[Icygreen]

The FUD is getting stronger, I'm feeling it now the same nervousness from 16k-19.5k.  I know there are a lot of people waiting and now considering buying in so the price likely won't get too low or the whales will lose to distribution. Not that I entirely know how prices in this market work but strong emotions have been excellent indicators in the past. I think panic will come with the next leg or 2 down.

[Wolf Rainer]

[Last of the V8s]

[600watt]

How did you earn so many merits with your stupidity? Did you make accounts just to give some to yourself?

I know the feels when your gains are practically reduced to one third, i lost 100 bucks  

I can't stop laughing! That was freaking hilarious! I just saved that for future use!

That is the one thing i look forward to here... Absolutely Hilarious Meme!

I wanted to start a thread of just Meme.. no comments... Just Meme...

there is a thread in the speculation subforum called "meme speculation"

[hisslyness]

Nice!.. Looks like I got 40 pages to go through!

[ivomm]

May be, just may be tether exodus stopped on bitfinex for now. Tethers in https://omniexplorer.info/lookupadd.aspx?address=1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw&page=1 started to decrease moving to personal accounts. There is also some stir in the social media, big crypto whales are forgetting their feud, everyone is realizing that pumping its own shitcoin can't do any good in the coming weeks. It seems that the unthinkable will happen soon, the 'enemies' of the bitcoin will become 'friends' at least for a certain time period, to stop the crash. Telegram, tweeter, line, etc. are buzzing with speculations about some big buying offensive (esp. on gdax), going to start soon-ish. But even if this won't happen and I lose (temporarily) all my money, I prefer to hodl rather than 'protect' myself and finish with less bitcoins. This happend to me 4 times in the past and I will never do this mistake again!  

[gembitz]

May be, just may be tether exodus stopped on bitfinex for now. Tethers in https://omniexplorer.info/lookupadd.aspx?address=1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw&page=1 started to decrease moving to personal accounts. There is also some stir in the social media, big crypto whales are forgetting their feud, everyone is realizing that pumping its own shitcoin can't do any good in the coming weeks. It seems that the unthinkable will happen soon, the 'enemies' of the bitcoin will become 'friends' at least for a certain time period, to stop the crash. Telegram, tweeter, line, etc. are buzzing with speculations about some big buying offensive (esp. on gdax), going to start soon-ish. But even if this won't happen and I lose (temporarily) all my money, I prefer to hodl rather than 'protect' myself and finish with less bitcoins. This happend to me 4 times in the past and I will never do this mistake again!  

mastercoin is nothing new, now just cuz u call it tetherball doesnt make it not a shitcoin lol

[e-coinomist]

I suspect the shearing will be complete after tomorrows delegation.

https://coingape.com/why-february-6th-is-significant-for-cryptocurrency-market/

....

Recall, CFTC recently filed lawsuits against two companies about fraud and deception of cryptocurrency investors."

A hint whom they had been? Could explain recent market moves.

[RejectedBanana]

The FUD is getting stronger, I'm feeling it now the same nervousness from 16k-19.5k.  I know there are a lot of people waiting and now considering buying in so the price likely won't get too low or the whales will lose to distribution. Not that I entirely know how prices in this market work but strong emotions have been excellent indicators in the past. I think panic will come with the next leg or 2 down.

I'm getting real close to panic buying. Last time that happened was the drop from $3k to $1.8k.

Edit: If it drops to $5k I might sell the house.