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

[realr0ach]

Soooooo did you guys see this? I was watching transactions live and the mother of all transactions scrolled by right before my eyes. In all my years of transaction watching I have never seen anything even in the same universe as something like this. Thoughts? https://blockchain.info/tx/c875eb38c6bc141abd92a9014f985b72f5500f88e8722d29e1c8d274b738d744

It's 132 million dollars

[Anon136]

Soooooo did you guys see this? I was watching transactions live and the mother of all transactions scrolled by right before my eyes. In all my years of transaction watching I have never seen anything even in the same universe as something like this. Thoughts? https://blockchain.info/tx/c875eb38c6bc141abd92a9014f985b72f5500f88e8722d29e1c8d274b738d744

It's 132 million dollars

Shrink your images down bro. That monser is just rude. It takes up the whole dang screen. I mean maybe take the whole screen for a chart or something useful, not a meme.

[mesmerakyns]

Waoh! I never seen any transaction this big myself... I guess the confidence is getting back and people are buying into the dip already. Hope this will validate my earlier speculation about the price rallying back to 10k. Just been hopeful though.

Would a transaction from an exchange look like that though? 1 input and 1 output? A transaction with 1 input and 1 output is almost certainly going to be authored by a human hand not an algorithm at an exchange. My best guess is that it is someone moving funds into or out of cold storage. With the price crashing which of those two is more likely? Seems bearish to me.

Yeah! It doesn't look like an exchange thing and it is an individual transaction but that still doesn't proof it's bearish what if the person moves it to an exchange just as you hypothetical think he might have moved it to a cold storage? Let's watch and see, time will tell.

[Rosewater Foundation]

It’s going up again.  

[Karartma1]

Fuuuuuccck. It’s going up again.  I’m never going to have solid gold yacht at this rate.

...
Soooooo did you guys see this? I was watching transactions live and the mother of all transactions scrolled by right before my eyes. In all my years of transaction watching I have never seen anything even in the same universe as this. It's was like going whale watching and seeing the occasional orca swim through I'm pretty impressed then cathulu casually strolls by. Thoughts? https://blockchain.info/tx/c875eb38c6bc141abd92a9014f985b72f5500f88e8722d29e1c8d274b738d744

It's 132 million dollars

It's only 10 satoshi/byte in fees, only 20 fuckin' dollar cents to move a HELL lot of money. Do that with Silver, Corn, Euro, [add your favorite here] if you can.

I moved a thousand dollars for the same fee (7sat/b). They moved 132 M$

This is what bitcoin does. Never forget that you are able to store and move your wealth around without relying on a third party.

[jojo69]

repeated shill for shitcoin redacted

goodbye

[HairyMaclairy]

It’s a big number but it’s only 2 million coin days destroyed.  We have had a dozen transactions like that this month.

The big one this month was 69 million coin days destroyed.  

[Anon136]

Well guys I did the unthinkable that I told myself I would never do it. For the first time in my life I tried to get clever instead of just hodling. I just sold my bitcoin with the intention of buying back lower. Eeek. This is terrifying.

[HairyMaclairy]

You sold all of it or some of it ?

 If you sold all of it place a limit order now for slightly lower than you sold and buy back 50%.  Don’t punt it all in a single go.  You have to ladder in and ladder out.  

[Anon136]

You sold all of it or some of it ?

All of it. But all of my bitcoin does not equal all of my crypto. Not even close.

[jojo69]

dude

you're fucked

[HairyMaclairy]

I edited my post see above.  

If this is going to be a crushing bear market your alts will suffer more than BTC.  If you want to sell some (not all) BTC that’s fine but don’t swim naked because you will get caught if it snaps.

[LFC_Bitcoin]

Well guys I did the unthinkable that I told myself I would never do it. For the first time in my life I tried to get clever instead of just hodling. I just sold my bitcoin with the intention of buying back lower. Eeek. This is terrifying.

[Anon136]

Well guys I did the unthinkable that I told myself I would never do it. For the first time in my life I tried to get clever instead of just hodling. I just sold my bitcoin with the intention of buying back lower. Eeek. This is terrifying.

Time will tell. I have a stop order in place of course. Worst case is I lose some not all.

[realr0ach]

The answer to 1984 is 1488.

http://www.youtube.com/watch?v=SwVzB721gak

[HairyMaclairy]

Ok if you have a stop buy and have calculated the cost then that’s good defensive trading. You can use collars on Bitfinex.  Good luck.

[Jacques_Bittard]

I think that there will be 12-24 months of slow bleed, that will have these little sharp upward spikes that the sheep will repeatedly call  "reversals".
This is how you get the sheep excited enough to stay in the market while you do the shearing. History will repeat itself.

[bitebits]

The main thing that gives bitcoin value is belief. Belief has to pay for about 5 billion dollars per year for electricity and hardware to run a payment network with 5 million users. That is a lot of weight on belief and belief can only do so much. Unnecessarily expensive and outdated systems like BTC PoW mining are dragging this market down.

I have been hearing this argument since < 0.5 billion dollars per year for electricity and hardware. Both 0.5 and 5.0 billion dollars are a drop in the ocean in the grand scheme of things.
I wish I could run a business as competitive and efficient as the bitcoin mining.

[rjclarke2000]

Selling under 10k. Sheeeeeeeeeeeet that’s not good. Why do such a thing?

[jojo69]

Selling under 10k. Sheeeeeeeeeeeet that’s not good. Why do such a thing?

APSS (acute panic sell syndrome) can strike suddenly.  Check out our top 10 warning signs, you won't believe number 6!