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

[AlcoHoDL]

$11,160

Correction!
Maybe time to take a breather before the next breakout?

No.

No breather.

I want THIS:

https://youtu.be/DmeUuoxyt_E

[CryptoNeed]

Let's see if it's only a dip or a bigger correction. Much needed imho.

[Alexander_Z]

Let's see if it's only a dip or a bigger correction. Much needed imho.

I would say that it's not only much needed, but somewhat overdue...

[BitcoinGirl.Club]

$11,160

Correction!
Maybe time to take a breather before the next breakout?

$11,220 going to break $11,500 soon. I hope we do.

[zhekinsp]

$11,160

Correction!
Maybe time to take a breather before the next breakout?

Yes we still a long way to go,so there maybe a break for few hours.

via Imgflip Meme Generator

[soullyG]

That was my first thinking but I wouldn’t even know where to start.
I’m nowhere near selling anything now but I really want to be prepared this time.

I sold my BCH in late 2017. That was quite a lot of money but I transferred it into bitcoin & sold it to a few people on LBC. I don’t think I want to be selling hundreds of thousands of pounds worth on LB in this cycle.

https://genesistrading.com

https://www.b2c2.com

https://cumberland.io

https://www.circle.com/en-gb/trade

I think LBC would still be a very good option as long as you stick with the biggest traders. I've read of others on r/bitcoinuk who sold 500 grand and more to one person in one go. It would be more sensible to break the sales up but it's likely whichever bank they go to will have kittens.

Thanks man, I’m saving this post.
That’s the next thing isn’t it, worrying about our personal banks

I owe you some Merit for this post when my source allowance replenishes.

If you're in the UK you could try Coinfloor:

www.coinfloor.co.uk

[_javier_]

That was my first thinking but I wouldn’t even know where to start.
I’m nowhere near selling anything now but I really want to be prepared this time.

I sold my BCH in late 2017. That was quite a lot of money but I transferred it into bitcoin & sold it to a few people on LBC. I don’t think I want to be selling hundreds of thousands of pounds worth on LB in this cycle.

https://genesistrading.com

https://www.b2c2.com

https://cumberland.io

https://www.circle.com/en-gb/trade

I think LBC would still be a very good option as long as you stick with the biggest traders. I've read of others on r/bitcoinuk who sold 500 grand and more to one person in one go. It would be more sensible to break the sales up but it's likely whichever bank they go to will have kittens.

Thanks man, I’m saving this post.
That’s the next thing isn’t it, worrying about our personal banks

I owe you some Merit for this post when my source allowance replenishes.

If you're in the UK you could try Coinfloor:

www.coinfloor.co.uk

LFC, why dont you try a couple of prepaid debit cards? You send crypto and its charged with fiat.

Monthly limit is 20k usd.. more than enough for daily use.

Some cards issuers are from Gibraltar, so maybe it is good for low profile usage... 

[machasm]

I use Wirex.
Seems to do the job but only for daily use rather than large cashouts.
I have used Kraken for sums in excess of £30k without too much trouble although KYC is required.

[JimboToronto]

Good morning Bitcoinland.

I see we had another AYH followed by another lovely correction/retrace... currently $11297USD/$14880CAD (Bitcoinaverage).

Seems we've been doing this a lot lately. No problem. It never gets boring. Keep the slow measured steps up coming regularly without running away.

Hopefully soon they'll be ATHs and not just AYHs.

Go Bitcoin go.
________

We've been seeing a few milestones lately... $10kUSD, 10kEUR $15kCAD

Onward and upward.

[siggy_77]

Ok, I’m going to sell 15% at $25,000. JJG, you’ll be happy to know I’ve perfected my plan now in theory.

Way too much way too early. 1% maybe at $100k. Maybe.

Depends...   what if 15% at 25k locks in just enough to quit ones job and be financially comfortable for the rest of your life?   Everyone needs to look at their own situation and optimize for best life quality.     Make the plan now, and don't get wrapped up in FOMO when it hits....

Just a random thoughts...  

[CryptoNeed]

I use Wirex.
Seems to do the job but only for daily use rather than large cashouts.
I have used Kraken for sums in excess of £30k without too much trouble although KYC is required.

Got the same combo. Wirex works just fine and after KYC Kraken processed a 5-digits cashout without any problems.

[gembitz]

Good morning Bitcoinland.

I see we had another AYH followed by another lovely correction/retrace... currently $11297USD/$14880CAD (Bitcoinaverage).

Seems we've been doing this a lot lately. No problem. It never gets boring. Keep the slow measured steps up coming regularly without running away.

Hopefully soon they'll be ATHs and not just AYHs.

Go Bitcoin go.

mornin' jimbo :-D 12K closeeeee !!

[HairyMaclairy]

with the 'heady" adrenaline rush of 'fear' 'panic' and damn...now wtf do I do? Sell/Hodl/Panic?

sh*t at least my life is 'exciting' with crypto in the recesses and windmills of my mind.  

The best thing to do, when you don’t know what to do, is nothing.

As a hodler you have already put yourself in the best possible position.  Only take yourself out of that position if you know exactly what you are doing.  

[El duderino_]

via Imgflip Meme Generator

Little bit OT but Made me laugh (offcourse not like bitcoin is making me laugh)

[HairyMaclairy]

I love empty 2 GB blocks.

What people fail to realize is a paid subscription service that copies data hourly from an existing website (http://OpenWeatherMap.org ) and pastes it into BSV blocks accounts for 98.4% of BSV transactions over the past 30 days

Beautiful. That's worth the hundreds in disk space that I have to pay for to maintain my blockchain history. I love keeping track of the weather.

Well how else are you going to have immutable weather?

[lightfoot]

It is to note that Greyscale is closed to new investors. So these are existing people clamoring for 14k+ bitcoin, not newbies.

Interesting. This is fine.

[BitcoinNewsMagazine]

Symmetrical triangle forming. Usually the break out is in the direction of the existing trend but with bitcoin there are no guarantees:

As expected price broke up from the triangle hope everyone bought the breakout. Price has stalled at the 50% Fibonacci retracement from last ATH to swing low. Next price target is the 61.8% retracement at $13346:

[serveria.com]

Let's see if it's only a dip or a bigger correction. Much needed imho.

I would say that it's not only much needed, but somewhat overdue...

Beartrolls detected 

[HairyMaclairy]

You think having a botnet of real Bots is a bad idea?

Quite. But also very hard to see how the economic and business models will ever stack up.  

They are looking to recoup maintenance cost but I don't think they will unless something drastically changes. If they break even then they will be happy.

But its added decentralized security for the network and LEA supporting Crypto so it's a Win Win in my book.

How could they break even when they are competing against ASICs in data centers?

[HairyMaclairy]

I love empty 2 GB blocks.

What people fail to realize is a paid subscription service that copies data hourly from an existing website (http://OpenWeatherMap.org ) and pastes it into BSV blocks accounts for 98.4% of BSV transactions over the past 30 days

Beautiful. That's worth the hundreds in disk space that I have to pay for to maintain my blockchain history. I love keeping track of the weather.

they forked to a shitcoin version that removed spam protection .... and guess what? ... it's getting spammed to death.

whoulda thunk eh?

Nobody's standing up for BSV here so I'll fill in for them.

Every transaction is legitimate. There's no such thing as a fake transaction.

Every sperm is sacred
Every sperm is great
If a sperm is wasted,
God gets quite irate