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

[bakasabo]

Do you think the fact that one of the encrypted messengers has been down for more than 5 hours will affect the price of bitcoin?

Here is the twitter link https://twitter.com/telegram/status/979274718401515521

[TERA2]

This isn't going to work... Snap out of it.

[LFC_Bitcoin]

This isn't going to work... Snap out of it.

It’s a great chance for you to get into double digits of bitcoin TERA, GO GO GO !

 

[Jacques_Bittard]

Because their electricity costs are currently still lower than their marginal cost of production, you numpty.  

If you’re going to troll, at least apply some brainpower first.

Yeah, and the electricity costs are still 5billion $ a year (7$ billion overall revenue). And this is the point I was making in the start, that you tried to stear away. Your childish demagogy won't work here. 7 Billion still needs to be payed to miners every year just to keep this crap afloat.

So what you are saying is that if bitcoin doesn’t go up? It goes down?

  

Exactly. There is no option for stability and keeping present value. It either has to expand, or it will start shrinking very quickly. It's really like a pyramid scheme in that manner.
If coin production would cost less, then the price would drop as long as the speculators are selling and then it would stop. With high production costs it won't stop, but will squeeze every juice out of this thing as possible.

Do you realize, you seemingly dimwitted trolljob, that there has been a price battle in bitcoin that has been going on for several years now, and it has periods of greater intensity.

Furthermore, with s-curve adoption, there are going to be a large number of price finding attempts at various points, which just means both up and down volatility.. while at the same time upwards price appreciation, that is still manipulated down from time to time, even while the price is largely heading exponentially upwards...

Hopefully, you are smart enough to both get paid in bitcoin for your stupid-ass trolling job, and not to really buy into the bullshit that you are propagating because you really cannot believe the nonsense that you are attempting to spread, can you?

I think that if you would just try drinking less coffee, then you wouldn't get upset so easily, and you would be able to express yourself more clearly.

[xhomerx10]

https://www.facebook.com/BITCOlN/videos/958428317645472/

lol

 Funny video but somebody is confusing Bitcoin with fiat currencies controlled by central wankers.
#they'redifferent

[xhomerx10]

This isn't going to work... Snap out of it.

 Is this akin to groundhog day?  If the guy jumps on the train, the bear market is over and if he doesn't it's 6 more weeks of bear?

[Spaceman_Spiff_Original]

only 24 left ----let the bull season start again so we can have a new game in here
with a little bull sentiment in my haed i hope to erase the last 4 so we would have 20 names and withe a little extra bull thoughts i'm hoping 28/08/2018 will be the last date of this list , BUT we will see offcourse whats gonna happen  

What, no love for the yefi?

I do think Bitserve has a good chance if we see a quick recovery. He picked a very nice range of dates. Hopefully we won't be in for cryptowinter, otherwise it's gonna be luckgenough56.

I would gladly trade places with romneymoney...

[d_eddie]

No earthquake, no imminent disaster, no fear, no Gox. This weekend is just starting earlier because of Easter. Weekdays resume on Tuesday.

[LFC_Bitcoin]

No earthquake, no imminent disaster, no fear, no Gox. This weekend is just starting earlier because of Easter. Weekdays resume on Tuesday.

How low’s it gonna be by then though? I’m sensing a drop to $5xxx which would suck!

[starmman]

Just trying to catch up after being away for a few days - looks like alts are taking a royal kicking, eth back down to 0.05 ranges LOL

[starmman]

No earthquake, no imminent disaster, no fear, no Gox. This weekend is just starting earlier because of Easter. Weekdays resume on Tuesday.

How low’s it gonna be by then though? I’m sensing a drop to $5xxx which would suck!

Feels bad enough at the £5xxx range its in now - guess it depends upon how much more FUD comes out of the mainstream news outlets - stock markets are dropping a little and they are trying to make sure BTC isn't used as a  store of value

[bakasabo]

I think in next 2-3 week Bitcoin price will be back to 10k $.
Due to huge Bitfinex Plans Move to Switzerland, some big amount of money will now held in Europe, which is more open to cryptocurrency and is not as strick as Asian government.

Bitfinex tries to be more "see-through" exchange and already has passed all the requirement of Switzerland regulators.

source: https://bitcoinmagazine.com/articles/cryptocurrency-exchange-bitfinex-plans-move-switzerland/

[valkener]

I don't usually post here but in my opinion the current downtrend and stagnation is because of the mt. gox coins. It's like a looming sword hanging over bitcoin. I didn't buy into most FUD like China ban, Korea ban, etc. but personally when I read that Kobayashi sold thousands of coins, and could possibly sell many, many more it was the first time I actually got worried for bitcoin. If I was an investor, and thinking of investing a million or two, into bitcoin, this news would absolutely change my mind. Not only is it very plausible that those coins can be sold in the near future, but the impact is very clear.

I don't think the crash from the ATH was caused by Kobayashi, but I think the current stagnation and continuing down-trend certainly was. It has made people much more cautious and the only way out of this is if the court in Japan would release a statement that these coins will 100% not be sold but returned to the original owners in some fashion (as they should be). I know there was a statement that, until September, there will be no further sell-off but as an investor, 6 months are too soon for me to risk any significant amount just to have bitcoin dumped by a whale, or more appropriately, the mother of all whales. I am hoping this is not discouraging, I hope to be wrong and believe this can be turned around but to be honest right now I don't know how.

[d_eddie]

No earthquake, no imminent disaster, no fear, no Gox. This weekend is just starting earlier because of Easter. Weekdays resume on Tuesday.

How low’s it gonna be by then though? I’m sensing a drop to $5xxx which would suck!

Low $6xxx surely.

Another SureFire estimate(TM) by SOMA Analytics!

(c) 2018 Straight Off My Ass

[STT]

No earthquake, no imminent disaster, no fear, no Gox. This weekend is just starting earlier because of Easter. Weekdays resume on Tuesday.

I think weakness would be mostly attributed to end of tax year?     Its left a regular downtrend, this is just irregular selling.   I would put a target of 7300 for the last trend as a bottom and 8300 as a target upside that would meet alot of the trades with price previously going sideways.

I'm not certain its in play yet or not but theres a very old trend going back to last May, price is now about 6991.   Its the same line which formed the bottom in Feb

[icoping]

We're going back to 3k for the next accumulation phase before the next major bull run in 2019/2020.

[fragout]

As bad as it looks at the moment. The order book on bitstamp looks much different today. Gone are the series of walls which stopped any movement to the upside and its basically flat above $7800. Of course they can reappear at any time but they were constant over the last month or so.
It will also take a catalyst to get things moving

[Torque]

Guys, your reasons for the continuing downtrend are all wrong.

It's pretty simple.

1. Whale(s) spend a full year pumping Bitcoin and altcoins to the moon, using massive leverage.

2. Whale(s) gain control of the float and thin it out, pushing prices to the moon.

3. Whale(s) massively short sell/dump in one go. Ending bull run.  Whale mega money then sits on sidelines.

4. Whale(s) use lotza coins to squeeze remaining float up and down to make money trading. Mostly down.

5. Average Joes finally lose interest. Sell at bottom.

... and then... eventually... (*we are not there yet*)...

6. Whale(s) use sidelined mega money to scoop up cheap coins at the bottom. Downtrend over. Next bull run starts.

There are no "reasons". There are no plausible "FUD". Its just the way it goes.

[Asrael999]

Guys, your reasons for the continuing downtrend are all wrong.

It's pretty simple.

1. Whale(s) spend a full year pumping Bitcoin and altcoins to the moon, using massive leverage.

2. Whale(s) gain control of the float and thin it out, pushing prices to the moon.

3. Whale(s) massively short sell/dump in one go. Ending bull run.  Whale mega money then sits on sidelines.

4. Whale(s) use lotza coins to squeeze remaining float up and down to make money trading. Mostly down.

5. Average Joes finally lose interest. Sell at bottom.

... and then... eventually... (*we are not there yet*)...

6. Whale(s) use sidelined mega money to scoop up cheap coins at the bottom. Downtrend over. Next bull run starts.

There are no "reasons". There are no plausible "FUD". Its just the way it goes.

Exactly - and 6 will not start until maximum despair

The only way to win is not to play.

[_javier_]

Guys, your reasons for the continuing downtrend are all wrong.

It's pretty simple.

1. Whale(s) spend a full year pumping Bitcoin and altcoins to the moon, using massive leverage.

2. Whale(s) gain control of the float and thin it out, pushing prices to the moon.

3. Whale(s) massively short sell/dump in one go. Ending bull run.  Whale mega money then sits on sidelines.

4. Whale(s) use lotza coins to squeeze remaining float up and down to make money trading. Mostly down.

5. Average Joes finally lose interest. Sell at bottom.

... and then... eventually... (*we are not there yet*)...

6. Whale(s) use sidelined mega money to scoop up cheap coins at the bottom. Downtrend over. Next bull run starts.

There are no "reasons". There are no plausible "FUD". Its just the way it goes.

and you just surf the waves that whales do. Profit!