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

[JayJuanGee]

Just buy and relax, it will be one hell of a ride.

What is the source of this?

[LFC_Bitcoin]

BinaryReign, ivomm - thanks for that. Good to read confidence from fellow bulls/HODLERS.

Bob - Sent you 2 Merit’s to start you on your way.

Edit - Short squeeze in play

[jojo69]

debart

[realr0ach]

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.

^The most clueless and 100% false statement of the day.  The miner's cost of production is ALWAYS your problem if you're holding these things.  Hypothetically, let's say the price of a bitcoin is $10,000 per coin and you buy there.  If the cost of production drops down to $1000, why would anyone buy your $10,000 coins if they can just mine them for $1k?  They wouldn't.

This is why the price has continuously dropped from $20k to here.  Cost of production was around $3k.  Does that mean this is the bottom?  No.  Miners can still go bankrupt or throw in the towel because it's not worth it and send cost of production even lower.  Then you're back to square one of holding $3k coins with nobody to buy them because they can just mine them from $1k or whatever.  Claiming mining and cost of production doesn't matter should get you de-merited down to 1 star poster.

[bitserve]

Weeeeeeeee!!! Weeeeeee!!!!!! Weeeeeeeeeeeeeee!!!

[rafanadal]

yay a 100 dollar bounce after a 700 dollar dump

 

[qwizzie]

rebounce time

[LFC_Bitcoin]

yay a 100 dollar bounce after a 700 dollar dump

 

Nothing to celebrate buddy but feeling a pulse is never a bad thing.

Edit - I’d imagine a few shorters getting rekd atm?

[jojo69]

the game is afoot

[willope]

200 day MA almost touched on the 1w chart.
Seems like we hit bottom.
Sharp rebound is possible from here. Top at 5500, maybe lower.

[bitserve]

Well, as I just said, the books were thick as fuck on the buy side and paper thin on the sell side. It has cut through it with almost no volume. Now what?

[ivomm]

Well, it has to stop somewhere. One year ago Jihan Wu started a similar campain (flippening they called it). Aided by Rojer Ver and Craig Wright they dumped hundreds of thousands bitcoins and bought bcash driving it up to 3.5k$ on most exchanges and 9.5K$ on Coinbase. The documentation of the failed IPO shows that only Bitmain bought around 2mil bcash! Now, Wu gets what he deserved! Although he has 2mil SV now, so he can dump it to get some money to save his business from bankruptcy. Now, CW thinks he is a genious to sell his bitcoins and buy his shit. In 1 year SV will be less than 10$, while bitcoin will recover. Not only the manipulators are out of ammo, but most of the whales dumped in fear their bitcoins. What the market needs now is a nice recovery to 6K and then slowly building up to 20K and beyond. It may take some months or a couple of years, but it will happen!

Gee, I didn't know I am a prophet   Perfect timing  

P.S. This is my 500th post! I will appreciate some merits for the anniversary 

[realr0ach]

Some shorts decided to cover, now it's time for an avalanche of tards to flood the forum with talk of $1 trillion per coin.

[fragout]

yay a 100 dollar bounce after a 700 dollar dump

 

Nothing to celebrate buddy but feeling a pulse is never a bad thing.

Edit - I’d imagine a few shorters getting rekd atm?

Yep. Shorts just hit ath a few hours ago. i was expecting summit to happen.

[JayJuanGee]

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.

The bottom must be in.  "Officially."

[rafanadal]

Some shorts decided to cover, now it's time for an avalanche of tards to flood the forum with talk of $1 trillion per coin.

If we believe it, it will happen.

[bitserve]

yay a 100 dollar bounce after a 700 dollar dump

 

Nothing to celebrate buddy but feeling a pulse is never a bad thing.

Edit - I’d imagine a few shorters getting rekd atm?

Yep. Shorts just hit ath a few hours ago. i was expecting summit to happen.

That has been almost no volume. Shorts must be still near ATH. There wasn't enough liquidity to cover them.

[Paashaas]

LN nodes... Does it look like hub and spoke now?

Judging by looking at the latest LN maps, it appears more like below.



This is a good thing.

Literally exploded  

https://twitter.com/LucasNuzzi/status/1071111197137797120

[YourMother]

1 - The only thing that Shitcoin SV is going to flip is Shitcoin Cash, not Bitcoin

2 - Somebody is definitely selling a fuck ton of BTC on the markets and pumping Shitcoin SV ( as you can see, they are correlated)

3 - It's the same scenario as in 2017 when the dumbfucks were expecting Shitcoin Cash to flip Bitcoin... and it never happened.

4 - The BTC bears are going to get fucked big time according to this chart

I mean, DUUH!

With the shorts reaching all time high a little earlier, it was bound to happen. And it's not over yet...

[bitserve]

didn't you start in 2014/15?

Earlier

Ya, after posting that I checked your post history and it looks like you already perfectly knew your way around here before your first posts