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

[Icygreen]

Buy order money stacking up on bitstamp. Up 45% 69mil since the drop from 6400.
Either that money is readying up or its a trap.
Hodl my beer, going to check

I just keep expecting the worse.

what prices are these at

4,100BTC to be bought @ 4K

Whoops, now only 60mil stacked up, but you get the drift.

At least the band-aid isn't coming off slowly. $4600 the new $6400?

[somac.]

good fucking grief

I'm out for a sleep shift, fully expect to wake up to a 3 handle

don't do anything rash guys

yeah me too

[somac.]

At least the band-aid isn't coming off slowly.

That's the only good thing here

[moneyForjam]

prepare your selves (emotionally) for 2-3k

[somac.]

prepare your selves (emotionally) for 2-3k

I don't want too, good advice though I think.

4500, fuck it.

[infofront]

Preparing myself for surviving next two months. Want to forget that I own bitcoin.
Any tips?

Capitulate

[JayJuanGee]

[ edited out]

Man, you need to take a step back, and get a sense of humor. Geez Louise don't be so full of yourself all the time, sucka! I am pretty certain you are the only one in this thread that took this clear joke personally.

You are pretty certainly wrong.

Why would I take your comment personally.  I just said that it was not accurate.  There is a difference between comment substantively about something inaccurate and taking something personal.  You should know that, sucka.         

[somac.]

what pisses me off about this whole thing, is the people who celebrate it.

Bitcoin is what can free people from financial oppression and ever increasing loss of fiat money through inflation. Yet, people who shouldn't want this thing to die do. How the hell can you hate freedom, which in my mind is what btc is.

[QestBTC]

4750 great price are we flying further down to 4k?

[Elwar]

what pisses me off about this whole thing, is the people who celebrate it.

Bitcoin is what can free people from financial oppression and ever increasing loss of fiat money through inflation. Yet, people who shouldn't want this thing to die do. How the hell can you hate freedom, which in my mind is what btc is.

Most don't realize that. Most saw 100% price increase and started thinking "I want a lambo...time to buy some of this bitcoin thing".


The reality is...no matter how much things are advancing, less merchants are accepting bitcoin. Mainly thanks to Coinbase dropping their merchant sector and Bitpay switching to BCH.

The whole point of bitcoin is slowly degrading. I used to be able to live on bitcoin. Now I'm paying for hotels online with a credit card.

[JayJuanGee]

well its still looking like a disaster out there. No solid bounce.

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market?

It was between $200 and $300 for more than 8 months, and the bearwhales could not get the price to go down further... After NOT being able to get the price to go down more, for so long, there was only on direction left, correct?

Sure, but I'm curious on a few things, specifically the price rallies during that time and lack of flat movement. The lack of movement (flat periods) may of been there, I just can't remember, but we are certainly not getting many rallies. There was a big one after it hit 150 and the price, then down to 220 area then up to 300 then back down to 220, then back to 300 then back to 200, then the rest is history.

It seems to me that there was the volume and maybe a few new entrants back then to do it, my concern is that I'm not seeing that right now, I guess we could just be too early in the cycle.

Of course, you can zoom in on some historical bitcoin charts to attempt to study the BTC price movement dynamics for that time period.

Here are 10 days in July 2015.

https://bitcoincharts.com/charts/bitstampUSD#rg60zig2-hourzczsg2015-07-08zeg2015-07-17ztgMzm1g10zm2g25zv

I recall specifically that there were several attempts to drive BTC's price below $200, and only a couple of them were successful, even though there were more attempts.

Yes, when you are going through it, you consider that it is going to recover, and of course, volume of the time is going to be different from volume of this time, but you can still study the charts and attempt to extrapolate reasonable comparison conclusions.

One interesting thing about that period is that it took longer to get down into the $200s, but once it dropped into the $200's it largely stayed there for more than 8 months.  So, BTC breached below $200 early in the year.. and only rose above $300 once, until late October / early November 2015 when the price shot up to $500.. and it was pretty much all over at that point, even though many of us likely did not realize such until late May 2016 when BTC broke above $500 again.

[kenzawak]

While Bitcoin Is Down, Big Players Continue To Pour Money And Faith Into Blockchain

https://www.forbes.com/sites/yoavvilner/2018/11/19/while-bitcoin-is-down-big-players-continue-to-pour-money-and-faith-into-blockchain/#2190b4b1eb8b

[somac.]

what pisses me off about this whole thing, is the people who celebrate it.

Bitcoin is what can free people from financial oppression and ever increasing loss of fiat money through inflation. Yet, people who shouldn't want this thing to die do. How the hell can you hate freedom, which in my mind is what btc is.

Most don't realize that. Most saw 100% price increase and started thinking "I want a lambo...time to buy some of this bitcoin thing".


The reality is...no matter how much things are advancing, less merchants are accepting bitcoin. Mainly thanks to Coinbase dropping their merchant sector and Bitpay switching to BCH.

The whole point of bitcoin is slowly degrading. I used to be able to live on bitcoin. Now I'm paying for hotels online with a credit card.

This is kind of disturbing, I didn't realize that it is getting harder and not easier. You've been here for a while Elwar, what do you think of the future of btc and it's prices?

[somac.]

While Bitcoin Is Down, Big Players Continue To Pour Money And Faith Into Blockchain

https://www.forbes.com/sites/yoavvilner/2018/11/19/while-bitcoin-is-down-big-players-continue-to-pour-money-and-faith-into-blockchain/#2190b4b1eb8b

Blockchain is not bitcoin though is it. So does that really help?

[xhomerx10]

XRP holding 2e spot and bCash down to spot 5 at Coinmarketcap (-41%) 

 Nice to see bCash getting it's comeuppance.  This gold hat also has a silver lining.



Avatar-sized

[mindrust]

Whhaaata the fuuck. I just woke my ass up to see $4,5k.

Now I am starting to worry.

Joke.

Buying more. Still not dead!

[PoolMinor]

[ edited out]

Man, you need to take a step back, and get a sense of humor. Geez Louise don't be so full of yourself all the time, sucka! I am pretty certain you are the only one in this thread that took this clear joke personally.

You are pretty certainly wrong.

Why would I take your comment personally.  I just said that it was not accurate.  There is a difference between comment substantively about something inaccurate and taking something personal.  You should know that, sucka.        

I embolden the part that you missed again, this was not accurate because it was a joke. Go back to your percentage cave.

[Elwar]

what pisses me off about this whole thing, is the people who celebrate it.

Bitcoin is what can free people from financial oppression and ever increasing loss of fiat money through inflation. Yet, people who shouldn't want this thing to die do. How the hell can you hate freedom, which in my mind is what btc is.

Most don't realize that. Most saw 100% price increase and started thinking "I want a lambo...time to buy some of this bitcoin thing".


The reality is...no matter how much things are advancing, less merchants are accepting bitcoin. Mainly thanks to Coinbase dropping their merchant sector and Bitpay switching to BCH.

The whole point of bitcoin is slowly degrading. I used to be able to live on bitcoin. Now I'm paying for hotels online with a credit card.

This is kind of disturbing, I didn't realize that it is getting harder and not easier. You've been here for a while Elwar, what do you think of the future of btc and it's prices?

I think this has shown that we're going into yet another crypto winter. Last time it was over 2 years.

Remember, the last halving was 2016. The price didn't start rising until a few months before the halving.

Next halving isn't until 2020. So strap yourselves in...take a break from the bitcoin price...or plan out your next 2 years to gather as much bitcoin as possible.

Personally when it did this last time I told my boss that I would take whatever shit job he had anywhere in the world as long as it paid a lot of money. I got a job in Afghanistan and made a lot of money which I poured into bitcoin. Also, google minimalism. Downsize your life to a suitcase.

[Tyr808]

S T I F F E D
T
I
F
F
E
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[Elwar]

Remember who you're selling to (at a discount).