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

[YourMother]

Did Enron bounce?

Did blockbuster bounce?

Businesses die. Products die. Services die. People die.

Not everything bounces or recovers.

Bitcoin is math, stupid shit-head, not a company with a CEO. Next brain fart...

[HairyMaclairy]

I would like to hear any "fundamentals" story behind $6500 to $3700 move.
It seems to go up when you think it might crash (Aug 2017) and it crashes when you think that it should go up.
At this point, it is all unknowable unknowns.

Not enough people want to catch a falling knife.  That time is coming but we aren't there yet.  When we get there, you will know. 

[xhomerx10]

You folks all decide to sport matching pretty hats... then bitcoin crashes.
coincidence? I think not..... doooohh

 The hats are only phase one of our master plan

spoiler alert!

[HairyMaclairy]

Hahaha omg.  Do eeeet. 

[bitserve]

I would like to hear any "fundamentals" story behind $6500 to $3700 move.
It seems to go up when you think it might crash (Aug 2017) and it crashes when you think that it should go up.
At this point, it is all unknowable unknowns.

Basically yes....

Sometimes (or most of the time) there are stronger factors than fundamentals. I think that is the case with this last move. I don't think it was small holders selling this time. The weak hands among those that entered Bitcoin in the last months of 2017 are probably already gone.

If I had to bet, this time it has been some of the (somewhat recent) Bitcoin millionaires that started to saw their new lifestyle threatened and decided to take out another good chunk just in case. Also maybe the miners, calvinayre, etc shorting... donno.... Oh, and the most important factor.... who's fucking buying? yeah, right.

[Biodom]

Far from mission accomplished? Almost 50% crash in less than 2 weeks is not a capitulation? Come on, this crash was even more aggressive than the 2015 one.



Edit: For all the pigs that are in FIAT right now, stop being greedy! You got the price you dreamed of back when it was over $10k. The fact that it even got to this price in the first place is fucking crazy to me. I understand the 2015 capitulation since it was all about MtGox, Bitcoin in its infancy and everyone calling it a scam and ponzi scheme, but now ? This shit is just straight retarded.

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.
Possibly, great money to be made, but I pass on a leveraged play.
I did re-start DCA at 4300. Too early, I know, hence the DCA.

[HairyMaclairy]

Triangle inside your triangle inside your triangle bro



Near term bottom not below $2900

[gembitz]

You folks all decide to sport matching pretty hats... then bitcoin crashes.
coincidence? I think not..... doooohh

+1 merit hats weeee

[HairyMaclairy]

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.

It is very hard to quickly turn around an aircraft carrier sailing at 30 knots.  Not impossible but very hard.  

[bitserve]

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.

It is very hard to quickly turn around an aircraft carrier sailing at 30 knots.  Not impossible but very hard.  

Probably, but... Look at the order books.

[HairyMaclairy]

Probably, but... Look at the order books.

I wouldn't know.  I don't look at them.

[bitserve]

Probably, but... Look at the order books.

I wouldn't know.  I don't look at them.

I do. And I know all the ways it can mean nothing but.... current proportion in bids vs asks is really big. Just saying.

[infofront]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

[HairyMaclairy]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

I have been waiting for two years to retest $1166.  Even I don't think we will get there. 

[Biodom]

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.

It is very hard to quickly turn around an aircraft carrier sailing at 30 knots.  Not impossible but very hard.  

not making that trade en masse, but someone will.
will probably buy a bit soon, though.

[Searing]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

I have been waiting for two years to retest $1166.  Even I don't think we will get there. 

well my view is asic mining if only the altcoins is dead...if 2 groups can simply toss $$$ around at a loss for power games with bch and btc and tank all the altcoins

hard do see how mining is gonna work out with all those coin and not a lot of adoption or volume...the point eventually could be made for btc mining as well..but not yet

what a sh*tstorm

brad

[somac.]

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.

It is very hard to quickly turn around an aircraft carrier sailing at 30 knots.  Not impossible but very hard.  

Yeah, I'm not really seeing any bounce happening for a while, the order book on the sell side was very thin a couple hours ago and nothing no bounce. Seems no one has any money or incentive to buy at this price.

[Elwar]

4k bitcoin buy wall on Bitfinex at $3,500.

All past experience indicates that whoever is trying to drop the price wants it to crash below $3,500.  

This is not cool.

[bitserve]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

One have to recognise that once the price dropped to $150 that was somewhat close to double digits though. As it would be any $1xxx price close to three digits.

[Biodom]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

I have been waiting for two years to retest $1166.  Even I don't think we will get there. 

well my view is asic mining if only the altcoins is dead...if 2 groups can simply toss $$$ around at a loss for power games with bch and btc and tank all the altcoins

hard do see how mining is gonna work out with all those coin and not a lot of adoption or volume...the point eventually could be made for btc mining as well..but not yet

what a sh*tstorm

brad

the current conundrum does bring problems in POW coins (short term), but POS or premine stuff tanks just as well or more.