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

[somac.]

Well we all knew deep down that 7700 wasnt going to hold and when it broke it would get ugly. 

I was waiting to see if massive buying (large volume similar to the peak of the mini bubble this summer) occurred once we had a large crash like yesterday, and sadly we didnt get the requisite volume for me to deploy my last fiat stash.

The really strong support is at 6500 so hopefully the Bargain Boyz will step in and load their trucks with massive volume at that level and end this mini bear market inside our bull market that started in Dec. 2018, because this so far has been a dud and the true Bargain Boyz have not arrived yet.

A 6500 dollar bottom would still be extremely bullish as we were in the 3-4k range earlier this year. That is where the true run to 100k starts imo and hopefully it happens sooner than later so we can be done with this mess created by the overzealous parabolic run this summer.

What I find interesting about this drop is the volume it has created on Bakkt. Another thousand down and we will see volumes increase again. Potentially this is when Bakkt starts to pay off.

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[bitcoinPsycho]

"How I lost ~4 BTC on Lightning Network"
https://np.reddit.com/r/Bitcoin/comments/dlvokv/how_i_lost_4_btc_on_lightning_network/
They tried to kill Bitcoin for THIS junk, not feeling bad for him at all.
But happy days everyone else's BTC worth more now  

If anyone would loose bitcoin it has to be you . Dumb ass

[heslo]

"How I lost ~4 BTC on Lightning Network"
https://np.reddit.com/r/Bitcoin/comments/dlvokv/how_i_lost_4_btc_on_lightning_network/
They tried to kill Bitcoin for THIS junk, not feeling bad for him at all.
But happy days everyone else's BTC worth more now  

Wrong, whoever he had channels open with get the coins now

[fillippone]

Bakkt Hits New All-Time High, With Over 450 Bitcoin Futures Contracts Traded..

Per historical data from Intercontinental Exchange (ICE) — the operator of Bakkt — today the platform has traded 441 Bitcoin futures contracts for November 2019, with the last recorded trading price settling at $7,400 per Bitcoin. 11 futures contracts for December have been sold, with the last recorded trading price at $7,407.

Source:https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/data?marketId=6137542


via:@BakkBot

XBTO:

“Last week, we bought the first Bakkt Bitcoin Daily Futures contract and took the first physical delivery of a digital asset under existing commodity futures laws and regulations. This week, we executed the first block trade. We’re pleased to report that the launch was successful and can accommodate large trades.”

Source:Cointelegraph

Conspirancy theories come to me!

I repeat that in my opinion the crucial point of Bakkt is the fact that it's allowing the availability of financial instruments integrated in the "traditional" workflow facilitating more "regulated" and therefore less "agile" institutions to operate on bitcoins.
And then maybe these people decide to use this possibility to sell bitcoin, but it's in their power, I'm happy from a certain point of view for everything that facilitates price discovery, adding liquidity to the market.
As I said, I think it's better not to be on the short side of the market with little more than 200 days to the halving!

[LFC_Bitcoin]

So the advise now is to keep accumulating?

Buy what you can afford to each month, you’re almost guaranteed to make handsome profits if you’re buying in this range. Patience is required though, don’t expect to make massive profits immediately.
Buy & don’t even worry about the price until mid-late 2021.

[Alexander_Z]

Well we all knew deep down that 7700 wasnt going to hold and when it broke it would get ugly.  

I was waiting to see if massive buying (large volume similar to the peak of the mini bubble this summer) occurred once we had a large crash like yesterday, and sadly we didnt get the requisite volume for me to deploy my last fiat stash.

The really strong support is at 6500 so hopefully the Bargain Boyz will step in and load their trucks with massive volume at that level and end this mini bear market inside our bull market that started in Dec. 2018, because this so far has been a dud and the true Bargain Boyz have not arrived yet.

A 6500 dollar bottom would still be extremely bullish as we were in the 3-4k range earlier this year. That is where the true run to 100k starts imo and hopefully it happens sooner than later so we can be done with this mess created by the overzealous parabolic run this summer.

You are right about the volume. Drops below $10K and then $8K were not surprising at all (I have expected both of them, although I did not voice my predictions). Right now there is not a slightest sign of recovery. All this looks very bad, a repetition of 2018. I am still moderately bullish in very long term, but I do not think it is a bull market now. The run to $13K deceived me, but now I have returned to my old thought. Of course, it is impossible to predict a new bull market, only to prove its existence some time after its start. But to me there is one and only one criterion of such proof: a new ATH. Until then, the cryptowinter continues. And I think we will not see $100K for many years.

[Last of the V8s]

[DAILY FREE RAFFLE] 385th ฿ECAUSE STILL IN A GOOD MOOD FREE ฿ SILVER PIZZA COIN
very few spots left let's fill 'er up

[fillippone]

Hello WO Gang.
Observing 7473@STAMP.
1BTC=1BTC and all is good.

Little more than 200 days to halving, and feeling confident.
We have been on this emotional roller-coaster many times, and just another one wild ride won’t hurt too much.

To help you distract from irrelevant short term market fluctuations, I suggest you to read a very important topic to me:
fillippone Merit Source Application.

I do encourage you to share your thought about it in that thread, of course you can support it (I hope so), but feel free to disagree (I hope not).

[Globb0]

Quantum thingy....

"Our machine performed the target computation in 200 seconds, and from measurements in our experiment we determined that it would take the world's fastest supercomputer 10,000 years to produce a similar output," Google researchers said

[kurious]

$120 billion a week now...



https://twitter.com/NewYorkFed/status/1187082315366830081

[Last of the V8s]

There are fewer lies about quantum computing, and how it relates to bitcoin, in this thread https://bitcointalk.org/index.php?topic=5191219.msg52849965#msg52849965

[El duderino_]

https://bitcointalk.org/index.php?topic=5195299.0

Wall Observer searching for some support imo...

[kurious]

https://bitcointalk.org/index.php?topic=5195299.0

Wall Observer searching for some support imo...

Indeed. He has mine.

[vapourminer]

3k BTC WILL COME any day here

3k is not scary... you should try harder... why not 1k? 

$1k? that would be merely annoying.

$30? now that would be a bit nerve racking.

[_javi_]

https://bitcointalk.org/index.php?topic=5195299.0

Wall Observer searching for some support imo...

Indeed. He has mine.

..and mine too

Best of luck with your application, fillipo!

[HairyMaclairy]

Quantum thingy....

"Our machine performed the target computation in 200 seconds, and from measurements in our experiment we determined that it would take the world's fastest supercomputer 10,000 years to produce a similar output," Google researchers said

10,000 years to get 42?

[Last of the V8s]

nice accessible talk on ecash

In this talk we shall explore the necessary properties of government-independent value transfer systems, how to decentralize DBCs, and what a future with digital anonymous micro-transactions means for the realization of cryptoanarchist ideas.

https://youtu.be/mjt7pQkPbSA

digital bearer certificates

could even beat out lightning, and certainly altcoins

[Last of the V8s]

[Ibian]

Quantum thingy....

"Our machine performed the target computation in 200 seconds, and from measurements in our experiment we determined that it would take the world's fastest supercomputer 10,000 years to produce a similar output," Google researchers said

All lies. It's just modern propaganda to scare the masses. There is no such thing as QC.

[nutildah]

I'll always like Joe Rogan, and I realize this is the Onion, but he does ask some pretty dumb questions sometimes... Maybe just as a side effect of being too stoned. I haven't listened to him in the last 2 years, which coincides with the time I stopped smoking pot. Apparently he's turned much more mainstream since then.

Quantum thingy....

"Our machine performed the target computation in 200 seconds, and from measurements in our experiment we determined that it would take the world's fastest supercomputer 10,000 years to produce a similar output," Google researchers said

All lies. It's just modern propaganda to scare the masses. There is no such thing as QC.

Which tenet of your religion does quantum computing violate?