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

[HairyMaclairy]

WO- the only place where a correction becomes a P&D, except of course btc

There are 1564 coins on CMC.  About 1560 of them are total jokes.  

[El duderino_]

Nice one

Bitcoin: a digital currency with known & limited supply, an open global network, and not controlled by politicians.

US Dollar: a digital currency with unknown & unlimited supply, a highly restricted territory-based network, and controlled by politicians. Which will win, longterm?

[tonyq]

In other news.....Ethereum is being smashed downwards mercilessly today.

Actually Ethereum is one of the more stable Altcoins at the moment.

Only down by 2% in relation to BTC.

20% fall in the last  5 days.

[Last of the V8s]

[sirazimuth]

WO- the only place where a correction becomes a P&D, except of course btc

There are 1564 coins on CMC.  About 1560 of them are total jokes.  

....and made about 1560 scammers rich, laughing all the way to the bank...

[bluebits]

Lets get some bounce ideas:


'Standard View'

Last level of strong support from the past remaining is around 5500. Look for a reversal in this area.

Other Possibilities

Major liquidity withdrawal event occurs (Tether, big exchange closing, country closing)

-> Big event could push it down to cycle lows of 3k, if not for a while then certainly in a mega hammer candle

-> What else?

[Agapios]

Nice one

Bitcoin: a digital currency with known & limited supply, an open global network, and not controlled by politicians.

US Dollar: a digital currency with unknown & unlimited supply, a highly restricted territory-based network, and controlled by politicians. Which will win, longterm?

I invested in bitcoin long time ago because I am counting this new technology will go up. I dont believe into bull s h i t crap like "not controled by politicians and banks and all that crap"
-bitcoin is controled by many people
-the downside is also its unsafe, somecan point gun to your head to force you transfer and its bye bye, you can be f uc ed k 10 times more compared if someone try to steal you some other stuff, its very unsafe, i fell 10 times more confortable with money in bank

but i like bitcoin, but i dont pretend some stuff like many of you here do while using words like "oh those banks, oh those politicans"
bitcoin can be, was and will be also manipulated like hell with pump and dump...you dont mention that? and i didnt even touch manipulation that roger and company can do, or some other new big companies
but i still like bitcoin

also you talking banks are bad, in order for you guys and me reached high figures with bitcoins, many many people also lost money....this is not "we win all", you have what you have because lots of money got broke while trying all sort of stuff with bitcoin

i cant believe how blinded are some people
i still love bitcoin, but i am realistic

[BitcoinBunny]

[Anon136]

Not only that but now that we have a real scaling solution we can carefully increase the block size. Double the block size and you double that 1 million to 2 million.

[bluebits]

BTC as a payment method has almost never existed. It filled a niche for mid size grey market payments, that is about it. The idea of using it to buy coffee or houses was pushed by the incompetent/collusive.

For trading BTC and other coins don't even need to exist, the could just be abstract accounting ledger entries on centralized exchanges and the system as a whole would be much better. No wasted energy, contentious forks, etc.. The collective force projection of government is the only thing that can possibly have enough power to be trusted.

[HairyMaclairy]

Oh, come on! Cardano? What the hell is that shit?

Just look at that beautiful, textbook perfect pump and dump chart.

https://coinmarketcap.com/currencies/cardano/#charts

Did you fall for it?  

Perfect indeed. Reminds me a lot to IOTA: https://coinmarketcap.com/currencies/iota/

A friend of mine fall on the IOTA shit. He didn't listen. He is still bagholding.

I reckon most bitcoiners baghold a pet shitcoin or 2 for shitz n giggles.
Though most probably won't admit to it in this thread.
(well I won't anyway... and besides it's OT, though that hasn't really been an issue lately.)

I regard it as my patriotic duty to sell bcash lol into the pump over the next few days.  The best way to fight these fraud monkeys is to make fraud more expensive.

[El duderino_]

Nice one

Bitcoin: a digital currency with known & limited supply, an open global network, and not controlled by politicians.

US Dollar: a digital currency with unknown & unlimited supply, a highly restricted territory-based network, and controlled by politicians. Which will win, longterm?

I invested in bitcoin long time ago because I am counting this new technology will go up. I dont believe into bull s h i t crap like "not controled by politicians and banks and all that crap"
-bitcoin is controled by many people
-the downside is also its unsafe, somecan point gun to your head to force you transfer and its bye bye, you can be f uc ed k 10 times more compared if someone try to steal you some other stuff, its very unsafe, i fell 10 times more confortable with money in bank

but i like bitcoin, but i dont pretend some stuff like many of you here do while using words like "oh those banks, oh those politicans"
bitcoin can be, was and will be also manipulated like hell with pump and dump...you dont mention that? and i didnt even touch manipulation that roger and company can do, or some other new big companies
but i still like bitcoin

also you talking banks are bad, in order for you guys and me reached high figures with bitcoins, many many people also lost money....this is not "we win all", you have what you have because lots of money got broke while trying all sort of stuff with bitcoin

i cant believe how blinded are some people
i still love bitcoin, but i am realistic

You allready lost me with the very IDIOT gun to the head Words....... you can make iT as safe or unsafe as you wish.....  

[Anon136]

BTC as a payment method has almost never existed. It filled a niche for mid size grey market payments, that is about it. The idea of using it to buy coffee or houses was pushed by the incompetent/collusive.

For trading BTC and other coins don't even need to exist, the could just be abstract accounting ledger entries on centralized exchanges and the system as a whole would be much better. No wasted energy, contentious forks, etc.. The collective force projection of government is the only thing that can possibly have enough power to be trusted.

[d_eddie]

She keeps going down. Hard dump this weekend. Wish my short was bigger.

[what is happening]

I bought viacoin and nem xem

[infofront]

Nice one

Bitcoin: a digital currency with known & limited supply, an open global network, and not controlled by politicians.

US Dollar: a digital currency with unknown & unlimited supply, a highly restricted territory-based network, and controlled by politicians. Which will win, longterm?

The one that can be controlled will win.

10,000 or so years of human history prove you wrong, but since when does a troll concern himself with facts?

[Ibian]

The local booze store has absinthe. 89.9%. Not touching that fucking scary ass shit.

[pacman7331]

She keeps going down. Hard dump this weekend. Wish my short was bigger.

Long to 7900

Fight the good fight!

7700 should be bottom.

[Ibian]

Oh, come on! Cardano? What the hell is that shit?

Just look at that beautiful, textbook perfect pump and dump chart.

https://coinmarketcap.com/currencies/cardano/#charts

Did you fall for it?  

Perfect indeed. Reminds me a lot to IOTA: https://coinmarketcap.com/currencies/iota/

A friend of mine fall on the IOTA shit. He didn't listen. He is still bagholding.

I reckon most bitcoiners baghold a pet shitcoin or 2 for shitz n giggles.
Though most probably won't admit to it in this thread.
(well I won't anyway... and besides it's OT, though that hasn't really been an issue lately.)

I regard it as my patriotic duty to sell bcash lol into the pump over the next few days.  The best way to fight these fraud monkeys is to make fraud more expensive.

I still get occasional gigglefits that I managed to dump the lot almost at the top. Several years of living expenses, dumped in my lap, for almost free.

[Gab0]

I do not know if this was posted, but it's a very good reading about LN:

https://medium.com/@menirosenfeld/a-flash-of-insights-on-lightning-network-338aea52e2bc