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

[PoolMinor]

Looks like Bitcoin is getting ready to take a dive below $3600 on Bitstamp
Currently $3636

because USDT 0.94$

That should cause a rally not a dump.

7   Tether Tether   $1,772,824,008   $0.981401   $4,099,050,090   1,806,421,736 USDT *   -0.36%   

https://coinmarketcap.com/

[mindrust]

Maybe Tether was the future world currency.

It already flipped LTC and Stellar is next

edit aaand under 3.6k now

[JayJuanGee]

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.

It's a reverse indicator... so it cannot really mean that much to have a lot of buy orders and a thinned out ask-side.

[qwizzie]

here we go...

[gwaur]

[LFC_Bitcoin]

Expected to wake up to some sort of recovery but no, we’ve tanked even further $3,594.

Can we confirm this is capitulation yet?

I’ve got £40,000 fiat savings, was thinking about buying in maybe another £10,000-£15,000 worth but I don’t think I have the heart to see that evaporate into -50% or something in about a week.

Think I’m going to stick with my HODL stash & buy £250 bi-weekly as planned.
This market is a black hole atm.

[somac.]

Expected to wake up to some sort of recovery but no, we’ve tanked even further $3,594.

Can we confirm this is capitulation yet?

I’ve got £40,000 fiat savings, was thinking about buying in maybe another £10,000-£15,000 worth but I don’t think I have the heart to see that evaporate into -50% or something in about a week.

Think I’m going to stick with my HODL stash & buy £250 bi-weekly as planned.
This market is a black hole atm.

stick to the weeklys, big chunks well kill you emotion wise if it continues down.

[mindrust]

Expected to wake up to some sort of recovery but no, we’ve tanked even further $3,594.

Can we confirm this is capitulation yet?

I’ve got £40,000 fiat savings, was thinking about buying in maybe another £10,000-£15,000 worth but I don’t think I have the heart to see that evaporate into -50% or something in about a week.

Think I’m going to stick with my HODL stash & buy £250 bi-weekly as planned.
This market is a black hole atm.

I also got around $60k in my bank account but i wouldn't do sharp movements. Just ride the tide. Dollar cost averaging usually works with every situation.

I am sticking to my plan and buying $1-2k every month. (Depending on my mood)

[LFC_Bitcoin]

Expected to wake up to some sort of recovery but no, we’ve tanked even further $3,594.

Can we confirm this is capitulation yet?

I’ve got £40,000 fiat savings, was thinking about buying in maybe another £10,000-£15,000 worth but I don’t think I have the heart to see that evaporate into -50% or something in about a week.

Think I’m going to stick with my HODL stash & buy £250 bi-weekly as planned.
This market is a black hole atm.

stick to the weeklys, big chunks well kill you emotion wise if it continues down.

I think I agree.

@mindrust - Agree also. Not worth the risk is it. We’ve already lost so, so much in unbanked gains.

[HairyMaclairy]

This is just whales fucking with the bears and bulls.  I’m staying out of this chop. 

[El duderino_]

In the coming week I'll be reallocating capital from other projects I have to put it in bitcoins. Current price level is a lifetime opportunity that should not be missed!

WoW just woke up and got around 14 pages to read, but yes its a lifetime oppotunity, however i read about so many people to buy the dio and: Buy,Buy,BUY etc
only thing needed = start buying , spread the coins more and more under the people and for new BTC users do not hesitate for buying cause prices are so F***ing low @this moment ....
please just don't dip on this sunday while i have a small hangover, wait an hour or 2 before any action ......

[mike4001_]

Expected to wake up to some sort of recovery but no, we’ve tanked even further $3,594.

Can we confirm this is capitulation yet?

I’ve got £40,000 fiat savings, was thinking about buying in maybe another £10,000-£15,000 worth but I don’t think I have the heart to see that evaporate into -50% or something in about a week.

Think I’m going to stick with my HODL stash & buy £250 bi-weekly as planned.
This market is a black hole atm.

I really would not buy at the moment.

This can easily go below 3k in a couple of hours.

And even if there is some small recovery to 4k, you won't loose much when you don't buy now.

[LFC_Bitcoin]

This is just whales fucking with the bears and bulls.  I’m staying out of this chop. 

What’s your prediction for the price in early Jan buddy?
I’m not trading on any advice, just interested. You seem to be close to ‘on point’ most times.

[mike4001_]

This is just whales fucking with the bears and bulls.  I’m staying out of this chop. 

What should be their goal if this is true?

They drive down the price from 6,5k to 3,5k to buy more coins ... OK

But now they have devastated the market and there is basically no one left to buy the market up to 6,5k again.

So they are not making a cent out of this.

[El duderino_]

This is just whales fucking with the bears and bulls.  I’m staying out of this chop. 

What’s your prediction for the price in early Jan buddy?
I’m not trading on any advice, just interested. You seem to be close to ‘on point’ most times.

yeah hairy is indeed

i'm happy not to be in any long position as been plannend before cause i would been rekt @ these prices ........

[HairyMaclairy]

This is just whales fucking with the bears and bulls.  I’m staying out of this chop.  

What’s your prediction for the price in early Jan buddy?
I’m not trading on any advice, just interested. You seem to be close to ‘on point’ most times.

I don’t really have price targets (although I do extrapolate from historical numbers). I just get a sense of “up”, down” or “same”.  

January should be “down” except Bakkt is in the middle.  So stable or mildly up to Bakkt and then sharply down.  February - May 2019 are the scariest months because we should start seeing recovery.  And will be concerning if we don’t. 

[JayJuanGee]

This is a good entry point to scoop up extra cheap coins.

We'll never see this low again

altcoin bag holders blame bitcoin for causing this massacre.
some bitcoiners blame usdt/finex.
Wall Street will blame crypto for DOW crashing.


tinfoil hat: big money figured out that they cannot outlaw bitcoin. their approach to hurt it was to elevate it into unforeseen euphoric stages just to crash it unprecedentedly afterwards in order to completely destroy any trust in it. guys like w.buffet knew. they couldn't even resist to make public statements about the coming crash.

but they will be wrong. they have no idea what a seasoned bitcoiner can survive. they will never crush us. bitcoin is the combined chuck norris/mcgyver/houdini of finance. we have waited 4 years from the previous to the last ATH. we can sit out storms like that.

6000 is the fucking BOTTOM

Such great predictors of misfortune.

So?

[LFC_Bitcoin]

This is just whales fucking with the bears and bulls.  I’m staying out of this chop.  

What’s your prediction for the price in early Jan buddy?
I’m not trading on any advice, just interested. You seem to be close to ‘on point’ most times.

I don’t really have price targets (although I do extrapolate from historical numbers). I just get a sense of “up”, down” or “same”.  

January should be “down” except Bakkt is in the middle.  So stable or mildly up to Bakkt and then sharply down.

Sharply down, fucking hell 
I didn’t sell at the ATH, haven’t sold now so I think I have no option but to go down with this ship & buy all the way down.

[El duderino_]

This is just whales fucking with the bears and bulls.  I’m staying out of this chop.  

What’s your prediction for the price in early Jan buddy?
I’m not trading on any advice, just interested. You seem to be close to ‘on point’ most times.

I don’t really have price targets (although I do extrapolate from historical numbers). I just get a sense of “up”, down” or “same”.  

January should be “down” except Bakkt is in the middle.  So stable or mildly up to Bakkt and then sharply down.  February - May 2019 are the scariest months because we should start seeing recovery.  And will be concerning if we don’t. 

ok januari down, but from this point of price down as well ? that would be a triple-multi-overkill or something

[bitmover]

I liked this plan to make weekly buys. A big buy now would have a huge impact emotionally and couls lead to bad decisions