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

[serveria.com]

We boom upwards and its always pleasant, but the spikes down are just so F***ing fast always like 1K in minutes

Who cares just buy the dip! 

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[fillippone]

OMG I go for a nice soak in the bathtub and get out to see we had an $1100 correction/retrace.

We're still over $12k though so I'm still calling a new AYH by the end of July.

industrious little buggers , beavers. done a lot of flooding via their dams. natures engineers at work.

Aren't beaver dams the reason Alfred Nobel invented dynamite? Half a stick does wonders.

Nah,
he did because he was in the construction business.
Because of... drumrolls...money.
 

[JayJuanGee]

Relaying words.

What's the point of being Shelby's megaphone?

That's what I am saying... knowingly and purposefully posting of a banned member seems like it would be against the rules.. It's called ban evasion, and members who facilitate such might end up putting their own account(s) at jeopardy by serving as an agent of a banned member.  Might have to start reporting these kinds of posts because it is not fair to the rest of us, and there have been several of these kinds of posts from shelby done by several members, even members who should know better.

[JimboToronto]

Aren't beaver dams the reason Alfred Nobel invented dynamite? Half a stick does wonders.

Nah,
he did because he was in the construction business.
Because of... drumrolls...money.

And the weapons industry (military-industrial complex). Even more money.

[infofront]

https://www.newsbtc.com/2019/07/09/crypto-analyst-bitcoin-btc-dominance-may-reach-80-altcoins-expected-to-bleed/

[jojo69]

65.4%

altpacolypse continues apace

[Globb0]

That's' part of the story on why bitcoin is performing versus shitcoin. The money is flooding into crypto, main gateways into crypto is of course bitcoins, but contrary to what happened in last retail-led rallies, money is staying into bitcoin.
Bitcoin is the only market where the liquidity (i am referring to bid/offer, market depth and reduced slippage)  is guaranteed for this kind of investors.
I can't see any reason why a fund manager would keep any shitcoin where value proposition is basically non-existent and liquidity is scarce.

I agree, most of the alts are indeed having their lunch eaten by the BTCiggest fish.

There are scenarios which might plausibly be positive for alts:

• Some alts could be included in 'baskets' of crypto once ETFs do finally appear. Top 20 Mcap ones, maybe?   Everything else will be in the penny stocks section.  Those out of the cut may not all end up dead, but the majority will be close to it.

• The only other possible hope is retail FOMO with new punters of the 'I can't afford a whole bitcoin' ilk buying up potential 'next bitcoin' things and shiny alts.  A rising tide raises all ships after all.  Many alts can still boast healthy (recent) gains in USD terms.

Some are already turning off the lights, and I guess that is really a good thing (not if you lost money) Needs a flush out. Where will be a safe haven? may drive more than 1 coin up a bit too.

[VanguardVale]

With $13,000 as the new psychological barrier to the bull run, anything below it now is bear territory, and bulls will need to stay on their toes. However, if a deeper correction follows here, it could be considered extremely healthy for the first ever crypto asset.

[fillippone]

Aren't beaver dams the reason Alfred Nobel invented dynamite? Half a stick does wonders.

Nah,
he did because he was in the construction business.
Because of... drumrolls...money.

And the weapons industry (military-industrial complex). Even more money.

That came later, I think his father moved to russia to work for the zars building naval mines.

Why I know that? Because helped someone in his 5th grade doing a  research on a chemistry genius.

I made him add the following paragraph: (actual quote)

On 27 December 1895, Nobel’s will allocated 94% of his total assets, 31,225,000 Swedish Kronor, to establish the Five Nobel Prizes. (This converted at the time to £1,687,837, but in 2012 it was equal to 3.1 billions of SEK or £ 284,890,00).

I just wanted to plant in this 8yo child mind that fiat money is actually a shitcoin as fiat money is deemed to lose value over time.
"It's called inflation"

The rest will follow.

EDIT: So nice we ended an OT started with Drones and beavers dams talking about planting the idea of Bitcoin in an innocent children.

[Arriemoller]

With $13,000 as the new psychological barrier to the bull run, anything below it now is bear territory, and bulls will need to stay on their toes. However, if a deeper correction follows here, it could be considered extremely healthy for the first ever crypto asset.

What is it with you n00bs and your obsession with corrections.
Every time bitcoin goes down a dollar you all start screaming about "healthy corrections".
Just shut the fuck up and enjoy the ride.

[sirazimuth]

Later wo bros... Gonna go fly my drone now and spy on the neighbors.
....2nd thought, I'd better not.
Drinking and drone flying not a good combo....

auto return/landing on low battery/signal loss for the win. lands right next to your passed out body.

and spying on neighbors? for shame.

of course all my neighbors have given me permission to fly over their property as need on the drones way to its main mission when needed. and of course telling the neighbors the drone is at their disposal for their own property inspection helps too. done some property perimeter runs and roof inspections here and there for them.

programmed mine to do autonomous runs around my property via gps, good way to monitor seasonal (or man/animal made) changes. mainly i use it to monitor the beavers who have set up a dam thats flooded several back acres on mine and my neighbors properties.

industrious little buggers , beavers. done a lot of flooding via their dams. natures engineers at work.

JTBC... I don't spy on the neighbors. In sober hindsight, probably should have followed that post with a "j/k!"
(Memo to myself...don't drink and post (or fly a drone, ftm.) My bad.)
Besides the annoying dog barking, we (myself and neighbors) actually get on really well. He likes my drone too.
He helps me out with yard work and I tip him bitcoin (my tips to him have since tripled in value too)

Interesting to hear about the beavers on your property as I have a
stream running through my property also and like 3 years ago it turned into a small
lake due to beaver damming. It's since drained back to a stream and the beavers moved out.
I suspected human intervention but as my property is no longer flooded, I didn't complain or ask questions.
Huge fine for breaching a beaver dam around here so I didnt touch it.

[Saint-loup]

We boom upwards and its always pleasant, but the spikes down are just so F***ing fast always like 1K in minutes

Who cares just buy the dip!  

[Zaanda]

Sold 90%, I hope it's the correct choice.  I can't see it hitting over 12500 again in July at the very least.  The traders on trading view mainly suggesting drops to mid 10's 9's or 8's this month before a temporary pullback.  Could be a bad week from here on in.

[kurious]

That's' part of the story on why bitcoin is performing versus shitcoin. The money is flooding into crypto, main gateways into crypto is of course bitcoins, but contrary to what happened in last retail-led rallies, money is staying into bitcoin.
Bitcoin is the only market where the liquidity (i am referring to bid/offer, market depth and reduced slippage)  is guaranteed for this kind of investors.
I can't see any reason why a fund manager would keep any shitcoin where value proposition is basically non-existent and liquidity is scarce.

I agree, most of the alts are indeed having their lunch eaten by the BTCiggest fish.

There are scenarios which might plausibly be positive for alts:

• Some alts could be included in 'baskets' of crypto once ETFs do finally appear. Top 20 Mcap ones, maybe?   Everything else will be in the penny stocks section.  Those out of the cut may not all end up dead, but the majority will be close to it.

• The only other possible hope is retail FOMO with new punters of the 'I can't afford a whole bitcoin' ilk buying up potential 'next bitcoin' things and shiny alts.  A rising tide raises all ships after all.  Many alts can still boast healthy (recent) gains in USD terms.

I see the chances of an ETF with alts slimming considerably with the bloodbath we are seeing. Consider also that consequences of alts down performing BTC are bad because:

• Alts downperforming reduces liquidity from markets, getting difficult to have reliable prices, and depth, that are fundamental for an ETF
• Akts downperforming means reduced hashing power, thus lower security on the alts, again, this is bad for institutional investors

Regarding the FOMO, this can always happen, but the case of getting long because of this is getting more and more ridiculous.

I don't disagree, and I did cull most alts this spring - but I still was 55/45 BTC / Alts then...

Now, due to altpocalypse? coinmaggeddon? fuck it - bloodbath... it's more like 65/35. 

I have traded to try and maintain value, but it's a bit late, with glorious hindsight.   Emotional loyalty to one alt in particular - which was incredibly good to me, makes it tough to dump the lot.  I thought it had bottomed. Now I am not so sure...

[Arriemoller]

Sold 90%, I hope it's the correct choice.  I can't see it hitting over 12500 again in July at the very least.  The traders on trading view mainly suggesting drops to mid 10's 9's or 8's this month before a temporary pullback.  Could be a bad week from here on in.

The traders on trading view don't have a clue, they don't know what they are doing or what they are talking about.
They are a bunch of wankers.

[JimboToronto]

Sold 90%, I hope it's the correct choice.  I can't see it hitting over 12500 again in July at the very least.  The traders on trading view mainly suggesting drops to mid 10's 9's or 8's this month before a temporary pullback.  Could be a bad week from here on in.

You sold the dip? 

Noobs. Sigh.

[600watt]

Sold 90%, I hope it's the correct choice.  I can't see it hitting over 12500 again in July at the very least.  The traders on trading view mainly suggesting drops to mid 10's 9's or 8's this month before a temporary pullback.  Could be a bad week from here on in.

bold selling 90% in the midst of a major bull run. it could hit 12500 maybe even today or tomorrow.

[bitebits]

One moment you're cruising comfortably over $13K, ...

Shit be crazy, yo.

Bring on the volatility. Nom nom.

The halving hype will at least take until.. the halving. So that means 300+ days of a wild roller coaster ahead of us. These dumps are there to try and tame Bitcoin as long as possible, but with all the hype the fomo blowout again seems almost inevitable. Or this time is different?

[Zaanda]

Sold 90%, I hope it's the correct choice.  I can't see it hitting over 12500 again in July at the very least.  The traders on trading view mainly suggesting drops to mid 10's 9's or 8's this month before a temporary pullback.  Could be a bad week from here on in.

You sold the dip? 

Noobs. Sigh.

my average sell price was 13057.   I was  expecting a sell off, the alt coins were dumping and i figured this was keeping bitcoin price artificailly high as they are mostly paired to bitcoin.  Decided to sell most of my stash.

Could be a wrong choice but, I will look at it again next week just think this needs time to cool off a little.  

[Arriemoller]

One moment you're cruising comfortably over $13K, ...

Shit be crazy, yo.

Bring on the volatility. Nom nom.

The halving hype will at least take until.. the halving. So that means 300+ days of a wild roller coaster ahead of us. These dumps are there to try and tame Bitcoin as long as possible, but with all the hype the fomo blowout again seems almost inevitable. Or this time is different?

Well, so far the chart is different, so that would make this time...different?