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

[willope]

How long before all miners turn off their machines, what then?

No one other than miners needs to give the remotest shit about mining. It's their problem, not ours.

If they can't cut it, someone else will be along who can. The absolute worst case is sluggishness in the chain for a while until difficulty drops make it profitable again.

Like this?
https://www.blockchain.com/charts/difficulty

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[rafanadal]

I don’t want this. The way it’s going we could be in 3 figures by Feb.

 

[El duderino_]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

LONG TIME NO SEE
=EXXXXXXTREEMLY BULLISH

MAXIMUM REVERSE INDICATOR

[bitcoinminer42]

How long before all miners turn off their machines, what then?

No one other than miners needs to give the remotest shit about mining. It's their problem, not ours.

If they can't cut it, someone else will be along who can. The absolute worst case is sluggishness in the chain for a while until difficulty drops make it profitable again.

Like this?
https://www.blockchain.com/charts/difficulty

more like this... but yes 
https://www.blockchain.com/charts/difficulty?timespan=all&scale=1

[Hueristic]

The only thing thats going to come out of this is the bankers are going to own the majority of coins as the plebs sell in fear.

[LFC_Bitcoin]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

LONG TIME NO SEE
=EXXXXXXTREEMLY BULLISH

MAXIMUM REVERSE INDICATOR

mic you must be worrying?
I am to be honest, I can’t believe it. Week by week we’re dropping. There literally is no support, we just go through every one like a hot knife through butter.

I’m getting really pissed off tbh!

[Whtwabbit]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

Guess we are heading back to arable land as a store of wealth

[proudhon]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

LONG TIME NO SEE
=EXXXXXXTREEMLY BULLISH

MAXIMUM REVERSE INDICATOR

Bitcoin should never have been traded for more than $1000, and I consider the whole period above $1000 some kind of crazy blip fueled by manipulation. It's now dropping to where it should have been all along, sub $1000. And once it does go definitively below $1000, don't expect it to ever recover above it again. By 2024 bitcoin won't even be a thing.

[yefi]

Yes, but last December was insane going up. It could be insane going down too. Hardly anyone believed 20 grand was possible until it was.

But just as it was at the $19,990 level for a tiny amount of time, it would be the same tiny amount of time for the ultimate low. They're both bubble pops, just in different directions.

Triple figures would definitely cause massive redistribution, but it would also be plain fucked up. More so than double figures would've been actually, as at least that wouldn't have broken long-term momentum. I wouldn't expect us to dig our way out of that ditch for a long, long time.

[bitcoinminer42]

can u feel the panic, too?
looks like rocket fuel to me  

the case is... 1 BTC is still one BTC... USD ist still in the control of the FED... and the greed is still there...

so what changed?

right...

NOTHING! 

[mindrust]

who is who in this drawing 

Panic sell is me in 2014
Panic hodl is me now.

I knew I should have sold them so I could rebuy cheaper but I couldn't move.

[yefi]

Holy £$%£$! Proudhon's here, it's the bottom after all!

[empowering]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

LONG TIME NO SEE
=EXXXXXXTREEMLY BULLISH

MAXIMUM REVERSE INDICATOR

mic you must be worrying?
I am to be honest, I can’t believe it. Week by week we’re dropping. There literally is no support, we just go through every one like a hot knife through butter.

I’m getting really pissed off tbh!

Hmm there is support, we are just starting to find it now though.. thats the problem with the huge rapid run up end of 2017, is that there was no support created along the way.. there is now some form of support between $3500 to $1150 IMO


(looking to see if we have a short term support and bounce $2800 to the 200 weekly MA $3150 ish)

[jonoiv]

Selling my property at the moment in the UK.  praying it stays low until the fiat is in my account.

[qwizzie]

I wonder if there could be tax reasons for possibly concluding the dump before the start of the new year ?

[Hueristic]

I got some bids at 999, in case of a fat finger. That shit happened at Finex yrs ago, flashed to 100.

I remember that and missed it dammit, good idea.

[DireWolfM14]

Any rise in price is just noise on the way to total ruin. We're in a clear bear market down trend now.

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

Market up? proudhon is bearish.
Market down? proudhon is bearish.

Nothing to see here, move along.  Move along.  

[El duderino_]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

LONG TIME NO SEE
=EXXXXXXTREEMLY BULLISH

MAXIMUM REVERSE INDICATOR

mic you must be worrying?
I am to be honest, I can’t believe it. Week by week we’re dropping. There literally is no support, we just go through every one like a hot knife through butter.

I’m getting really pissed off tbh!

i'm just @my friends place and told myself if he and he's brother are in chill/no stress then its fine by me
AND yes its the same like always, they are real chill with it and sending FIAT to exchanges so thats good by me
i never like a drop so but i can really live with it ......
i was more on tilt @the start of the year when we had that big drop as i am now, cause now its just bearmarket and we have to undergo it
but i do understand that its difficult to bear sometimes
heads up keep strong and have a good drink this weekend

[LFC_Bitcoin]

I've been telling you guys for years. Bitcoin is dying a long death, but it is dying. No question. See you guys at sub $1000 in 2019. Officially irrelevant by 2020.

LONG TIME NO SEE
=EXXXXXXTREEMLY BULLISH

MAXIMUM REVERSE INDICATOR

mic you must be worrying?
I am to be honest, I can’t believe it. Week by week we’re dropping. There literally is no support, we just go through every one like a hot knife through butter.

I’m getting really pissed off tbh!

i'm just @my friends place and told myself if he and he's brother are in chill/no stress then its fine by me
AND yes its the same like always, they are real chill with it and sending FIAT to exchanges so thats good by me
i never like a drop so but i can really live with it ......
i was more on tilt @the start of the year when we had that big drop as i am now, cause now its just bearmarket and we have to undergo it
but i do understand that its difficult to bear sometimes
heads up keep strong and have a good drink this weekend

There’s got to be a bottom somewhere but it just keeps getting lower. I fucking bought earlier too

[gentlemand]

Everyone's panicing and watching the price melt and here I am trading shitcoins trying to profit off margins.

Cool. You can buy everyone in this thread an(other) MSI to cheer them up.