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

[Ibian]

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.

Come on, this is just the usual shit. Too many weak hands left. This pattern will repeat endlessly over the coming decades, best get used to it.

[1714009607]

1714009607

[1714009607]

1714009607

[infofront]

I just wired some money to Kraken. How long does that usually take, for a domestic wire transfer?
This will be my largest purchase since 2015. Hopefully there's more blood soon.

[yefi]

Well, silver lining, at least I don't have to worry about jello now.  ¯\_(ツ)_/¯

[infofront]

Well, silver lining, at least I don't have to worry about jello now.  ¯\_(ツ)_/¯

I was kind of looking forward to that 

[JayJuanGee]

Was looking like $6000 would hold.

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

Looks like Doug Polk just lost his bet a few minutes ago.    

[Realerre]

Ok, now i start to be scared. Weak hands are pleased to be shaken fast, I am really getting pissed now!

[JayJuanGee]

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

Store of value is not based on short term price fluctuations.  You seem to be perverting the concept of short of value.  For what purpose?  To sound dumb?   

[infofront]

Was looking like $6000 would hold.

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

Looks like Doug Polk just lost his bet a few minutes ago.    

Confirmed. Below $6,000 on the 5 largest exchanges. The other ones are soon to follow.

I can't believe how fast this happened (OK, yes I can). We were sitting pretty around $6,700-$6,800 just hours ago.

[JayJuanGee]

I just wired some money to Kraken. How long does that usually take, for a domestic wire transfer?
This will be my largest purchase since 2015. Hopefully there's more blood soon.

I never wired money to Kraken or any other exchange - however, in 2016, 2017, I received several wires from my Gemini account to my USA domestic bank account, and during regular business hours, those wires tended to take anywhere between 1 hour and 4 hours to go through.  The process and the timeline should be similar for sending to Kraken?

[JayJuanGee]

Well, silver lining, at least I don't have to worry about jello now.  ¯\_(ツ)_/¯

I was kind of looking forward to that 

might have been embarrassing for modest peeps.   

[JayJuanGee]

Was looking like $6000 would hold.

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

Looks like Doug Polk just lost his bet a few minutes ago.    

Confirmed. Below $6,000 on the 5 largest exchanges. The other ones are soon to follow.

I can't believe how fast this happened (OK, yes I can). We were sitting pretty around $6,700-$6,800 just hours ago.

Maybe I did not understand the measurement to be 5 major exchanges?  Not that it really matters, now.

Was there a specification of what counted as "major exchange"(s)?   

I already saw below $6k having had happened on almost every dollar/BTC paired exchange (Except WEX, which is not really no longer major) (though currently back above $6k) including GDAX, Stamp, Gemini, Bitfinex and Binance.

[bones261]

I'm probably going to absolutely hate what my bot did while I was at work. Something tells me that this minnow just got eaten whole. Unfortunately, don't have the PW to the bot site. Stored in a PW manager at home.

[bitmover]

I just wired some money to Kraken. How long does that usually take, for a domestic wire transfer?
This will be my largest purchase since 2015. Hopefully there's more blood soon.

I feel good to see this kind of optimism here. I have some fiat ready in a exchange just waiting for the bloodbath too.

Wall observer could save a lot of newbies and weak hands if they could find it.

[aaroque2003]

...

I was hoping $ 6001.00 at least... pray god my orders get fills.. 

Me trying to understand fools:

Me trying to understand IDIOTS....

$6,043.78 USD (-10.24%)

Come to papi baby.... !!!!

[HairyMaclairy]

I stopped buying above $6k a few months ago.  

Looks like I am going to get a chance to re-enter accumulation phase.  

I’m stoked.  Sending first round of fiat to exchange now.  I’m aiming for the next halvening at this point. 

[Elwar]

They paint the world full of shadows, and then tell their children to stay close to the light. Their light. Their reasons, their judgments. Because in the darkness, there be dragons.

But it isn't true.

We can prove that it isn't true.

In the dark there is discovery, there is possibility, there is freedom in the dark when someone has illuminated it.

[becoin]

Confirmed. Below $6,000 on the 5 largest exchanges. The other ones are soon to follow.

Importance of exchanges for price discovery is decreasing. Most of Bitcoin trading is already done out of official exchanges and price is higher than on exchanges.

[Wekkel]

The sooner we get this over with, the better. Remember, for every seller, there’s a buyer 

[JayJuanGee]

The sooner we get this over with, the better. Remember, for every seller, there’s a buyer 

That helps.  thanks.   

[Last of the V8s]

Here are the volume profiles for the prices below us now

https://www.tradingview.com/x/imgb73iY/


Guess we get to do some filling in the gaps.