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

[Last of the V8s]

In socialist utopia dreams dump you.

[bitserve]

Instant PayPal withdrawals now available for all U.S. customers.

https://www.coinbase.com/12-days?utm_medium=social&utm_source=twitter&utm_campaign=12-days

https://blog.coinbase.com/instant-paypal-withdrawals-now-available-for-all-u-s-customers-58b2958a13aa

Currently, customers are only able to use PayPal to withdraw or sell, and transaction availability depends on region. Coinbase does not support the ability to purchase digital currency using your PayPal account.

Sorry, but who here cares? here is paypal and here is bitcoin. these two don't need to cross path.

Maybe there are many people who prefer to use this method to withdraw their cash.
I do not have an account in Coinbase, but I found it interesting.

Yes, very interesting. As most of my purchases are using Paypal it makes sense to top the account with some funds. Not that I would trust Paypal for storing any considerable amount of money though. They have a vast history of fund/account freezing for all sort of nonsense reasons.

[bitserve]

Sometimes i think it only needs 17 millions people to buy one bitcoin and hold, and then the price seems strangely ridiculously low

Yes... but I am sure currently there are MUCH less than 1 million people hodling a minimum of 1BTC. OTOH there are people with thousands BTC to compensate for that current lack of adoption.

[Toxic2040]

Hodl on to your hat's...


1h


4h



I had been thinking the $3k area for a possible bounce location but maybe its been the -0.618 fib all along..  Its always the -0.618 isn't it?
D

#stronghands

[bitserve]

^$1731? Ugh.... That doesn't look good at all.

[bitserve]

^$1731? Ugh.... That doesn't look good at all.

I'm not enjoying the sound of it, hopefully we don't drop below$3k and the recovery starts, but realistically I feel at minimum a flash crash into upper 2's and a bounce.

Yes...


https://www.coindesk.com/when-theres-blood-in-the-street-why-its-not-quite-time-to-be-long-crypto

[luckygenough56]

Lots of people supporting the 2800-2900 bounce on tradingview, well it's the most obvious scenario short term.

Just hoping it doesn't give whales the bad idea to do otherwise  

Its always the -0.618 isn't it?

Yeah...Of course i get it huh. Wait...what ?

 

[Toxic2040]

That is my worst cast scenario..  *shrugs*  The longer we do this slow bleed-off the greater the probability that we could see sub $2k imho.

Regressions suggest that the upward trend line indicated here will carry us to 2020. My only question really is when and where we connect with it. #dyor

W



That all being said...this was my choice in the poll..so there is that...

[Toxic2040]

Lots of people supporting the 2800-2900 bounce on tradingview, well it's the most obvious scenario short term.

Just hoping it doesn't give whales the bad idea to do otherwise  

Its always the -0.618 isn't it?

Yeah...Of course i get it huh. Wait...what ?

 

https://en.wikipedia.org/wiki/Golden_ratio

[luckygenough56]

[bitserve]

https://messari.substack.com/p/tax-loss-selling-unqualified-opinions

[bitserve]

If we don't see a bounce, this place will soon be known as the Wailing WALL.

[wayna]

Sometimes i think it only needs 17 millions people to buy one bitcoin and hold, and then the price seems strangely ridiculously low

In addition, we should consider all the lost BTC which means the number you exposed is even lower.

[Globb0]

Fortunately it all looks so doom. It must be harder to trick people by dumping it lower as people are coming to expect it.

[bitserve]

Fortunately it all looks so doom. It must be harder to trick people by dumping it lower as people are coming to expect it.

In the meantime, what we can do is prepare some good fiat stash for when/if that doom scenario happens. Buying right now, not so sure. Buying soon, most certainly.

[VB1001]

This night I dreamt Bitcoin had dropped to $2500. It was so convincing that's what I expected to see when I check the price. But it is $3153 so.... why are you guys complaining?

It's a $600+ pump from my dream. Everything is fine.

To sleep well and not have dreams of this type, you have to put Bitcoin in your Christmas tree, but in a discreet way.
This year if things go on like this, do not talk about BTC at home.

[wayna]

If we don't see a bounce, this place will soon be known as the Wailing WALL.

I can't believe some alts are so cheap, in 2017 everybody believed prices would have rised more and more... now it could be a huge opportunity to get into the market.

Although, scam coins are still present and I don't see Ethereum in good shape as it was 1 year ago.

[gentlemand]

I can't believe some alts are so cheap, in 2017 everybody believed prices would have rised more and more... now it could be a huge opportunity to get into the market.

Although, scam coins are still present and I don't see Ethereum in good shape as it was 1 year ago.

I can't believe most of them have retained the price they still have. Which says to me we still have a ways to go.

[Majormax]

Fortunately it all looks so doom. It must be harder to trick people by dumping it lower as people are coming to expect it.

Surprising , many still dont expect it.

This market has been easy to predict in 2018. It is not difficult to see what lies ahead, either.

[wayna]

I can't believe some alts are so cheap, in 2017 everybody believed prices would have rised more and more... now it could be a huge opportunity to get into the market.

Although, scam coins are still present and I don't see Ethereum in good shape as it was 1 year ago.

I can't believe most of them have retained the price they still have. Which says to me we still have a ways to go.

It's getting tricky to understand how much it could go lower, but probably you are right. This is a huge depression.