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

[Last of the V8s]

[LFC_Bitcoin]

Was looking like $6000 would hold.

Whales pushing hard now, this is going under $6000 in the next hour

[rafanadal]

next minute

[gentlemand]

Let's cauterise this shit.

[rafanadal]

What a sad state of affairs

[gentlemand]

What a sad state of affairs

It's perfectly normal. Anyone shocked by this has not read their history.

[LFC_Bitcoin]

What a sad state of affairs

It's perfectly normal. Anyone shocked by this has not read their history.

The last epic crash was caused by the Gox ‘hack’.
In my opinion a crash of this % wasn’t expected, there’s nothing overly negative driving it. I don’t understand why people are selling now.

[doc12]

Oh Shit, dat store of value ... More like toilet flush of value.

[Last of the V8s]

Legacy just closed their week and they're shorting this 'shit'.

[becoin]

Thank you for the cheap coins, guys. Keep selling!

[rolling]

What a sad state of affairs

It's perfectly normal. Anyone shocked by this has not read their history.

The last epic crash was caused by the Gox ‘hack’.
In my opinion a crash of this % wasn’t expected, there’s nothing overly negative driving it. I don’t understand why people are selling now.

They all think they are genius traders who are going to buy back lower. That is all.

[barota]

Hopefully the wall 6000 will fall soon... Then prices to 5000 at least

[gentlemand]

The last epic crash was caused by the Gox ‘hack’.
In my opinion a crash of this % wasn’t expected, there’s nothing overly negative driving it. I don’t understand why people are selling now.

The last bubble went 10x in the space of 6 weeks or so. It was always going to have a gargantuan hangover. Gox no doubt had an effect, the implosion and possible selling of coins, but it was always going to fall by not too far off as violent a percentage as the rise.

Anyone seeing 20 grand and not expecting a 70-80-90% fall has an optimism problem. It's what humans get up to. It'll happen again just the same next time.

[Maicol792]

What a sad state of affairs

It's perfectly normal. Anyone shocked by this has not read their history.

The last epic crash was caused by the Gox ‘hack’.
In my opinion a crash of this % wasn’t expected, there’s nothing overly negative driving it. I don’t understand why people are selling now.

Yes, I agree with you... I don't understand.

[moneyForjam]

Whales pushing hard now, this is going under $6000 in the next hour

Indeed whales have low targets, that may be supported by some "news".
Whales targets will be met.

I'm looking forward to when the bottom finally comes in (which could be in the very distant future)

[LFC_Bitcoin]

Whales pushing hard now, this is going under $6000 in the next hour

Indeed whales have low targets, that may be supported by some "news".
Whales targets will be met.

I'm looking forward to when the bottom finally comes in (which could be in the very distant future)

Anybody with under a couple of thousand bitcoin has no idea what will happen. We can guess but we have no power or control over what will happen.

I’m not cashing out until at least mid 2021 (a long enough time after the next halving for the price to go up a lot). I can sit & watch this unfold without too much worry, my cold storage stash is enough to ‘hopefully’ make me very comfortable financially by mid 2021 but like I said above - no control or real idea what & when the market will make significant moves.

[moneyForjam]

What a sad state of affairs

It's perfectly normal. Anyone shocked by this has not read their history.

The last epic crash was caused by the Gox ‘hack’.
In my opinion a crash of this % wasn’t expected, there’s nothing overly negative driving it. I don’t understand why people are selling now.

Yes, I agree with you... I don't understand.

Understand this. The market is manipulated. The manipulators will have targets. Eventually the manipulators targets will be higher than the then current price (the manipulators will turn bullish) . Then the price will rise. simple?

[wh1rlw1nd]

if there is a correllation between CME and CBOE bitcoin futures (and i think there is), then the price is dumping due to expiration date of xbt futures (short ones).
but i don't know much about this XBT thing, some say there are 6-month futures, some say the opposite. if the 6-months are true, then the expiration date is june 29. So the plot was go short from dec15 (max price) til june29 (lowest). it's just spinnig aroud, may be it's true, maybe not.... cheers  

[Toxic2040]

Bitcoin shits the bed again. Capitulation confirmed.
Market should be quite volatile as people try and exit positions. #dyor

1h
Shorts going vertical


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default cloud settings


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20,60,120,60 cloud settings


*edit*  Game over Doug. Sorry bro..tried like hell.

[Dabs]

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Not quite.
Imagine you're i na store buying for 150€ of clothes. Wouldn't it upset you to wait like 15 or 20 minutes for a block? xD
You see yourself waiting near the exit that the block passes?
And if it take 4 blocks nearly an hour spent waiting?

That's completely crazy ^^

Most merchants use a payment processor like BitPay, or even an open source one. Those things can be configured to accept zero conf, or use some sort of in store credit system.

Some stores will ask you for info; if you or your wallet does a double spend they can run after you.

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Not any longer. BTC broke that model with the introduction of RBF.

It still works. RBF in the Core client can only be used to increase the transaction fee of the transaction, which is a good thing eh?


And I know this is old news, but even pirates won't accept BCH.