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

[El duderino_]

Even the dude has run out of tp. ^^
panic stations

Actually I have packs and packs of toiletpaper, but I always let a sh*tload be delivered at our business .... So luckily I will have that

[_javi_]

be cool!

according to some legendary members, price doesnt matter..  

[bitcoinvest]

Good morning bitcointalk

USA blocked all passenger airlines to Europe except Uk correct???

[P_Shep]

If it continues like this by the time my next pay packet comes around, there's a very good chance I'll buy back some of the corn I sold a while back

[mindrust]

Buying the dip $1000. Observing 7080USD

[bitcoinPsycho]

Thursday's are shit

[bitcoinvest]

Buying the dip $1000.

what makes you think it's over???

[El duderino_]

be cool!

according to some legendary members, price doesnt matter..  

It does matters of-course, I walk different when we are pumping instead of days like this, the only thing is a good BTCer should have his sh*t together so the price can be a little bit a bummer, but may not affect the way of living on daily bases....

I smile when we pump, i'm more preserved when we dip... but I will still have my sh*t together and will continue with living and so on.... I will keep trying to get my hands on more corn etc

[Last of the V8s]

save us Hal

[El duderino_]

Buying the dip $1000.

what makes you think it's over???

Buying a DIP doesn't mean saying its over... buy a dip now and maybe another later isn't abnormal, but its just not missing out if we would reverse from here.

Every 1K dip is a huge steal.

[serveria.com]

If it continues like this by the time my next pay packet comes around, there's a very good chance I'll buy back some of the corn I sold a while back

Plot twist: your next pay is not coming due to coronavirus-caused depression 

[aesma]

Stock market crashing, now Bitcoin crashing, noooooooooooo!

[Yaplatu]

SELL OFF !!!

[P_Shep]

If it continues like this by the time my next pay packet comes around, there's a very good chance I'll buy back some of the corn I sold a while back

Plot twist: your next pay is not coming due to coronavirus-caused depression 

Awww, sheeeeet!

[fillippone]

Hello WO Gang.

Observing corn @6,700

All is good.
1BTC=1BTC
Fillippone still not COVID positive (this is a success for the moment)

I re read my post, and I am still convinced this is the true reason of the fall.
Some miners are capitulating, as difficulty is now going to be revised down to -5%!

Interesting times ahead

<...>

Let me just elaborate a little bit more on this idea for explaining the dump.

So the idea is the following:

• Difficulty is increasing steadily over the last adjustments according to https://btc.com/stats/diff. Hash rate has already grown more than 20% YtD.
• Next expected difficulty adjustment is still expected upwards. It is too early to call for a reliable estimante , but according to https://diff.cryptothis.com/ will be between+0.5% and + 7.50%
• Bitmain has just introduced the S19 and S19 PRO miners, which are going to destroy the s9 miners.
• Halving is exactly two months time (according to https://www.bitcoinblockhalf.com/). This will put a lot of pressure on less efficient miners, pushing their mining profitability below the survivor ship minimum threshold.
• Market is thin and nervous around critical supports, a whale selling could trigger lower levels to profit from
• As brillantly pointed out by @plutosky in the italian board, the move didn't start from the bad fincancial world. True, BTC derivatives experienced record volumes during the past hours, but Open interest actually declined. This is a strong hint that the volumes were caused by longs being stopped out. Of course it could also meaning shorts taking profits, but in the end this means derivatives didn't originate the move, as they are now with reduced positions.
  
  As you can see volumes were steady before the movement:
  
  
  
  Suddenly there were a lot of liquidations:
  
  
  
  That led to a reduced open interest:
  
  
  

So yes, this is a reasonable explanation in my opinion, why miners could have been actually selling this market.
I doubt however they had the firing power, or the interest, to start this movement.

[somac.]

big volume, wonder if its those plustokens everyone is on about.

[aesma]

RED RED RED it's crazy !

[qwizzie]

thats one red dildo pointing south  

$6420

[El duderino_]

[LFC_Bitcoin]

WHAT THE FUCK IS GOING ON!

What caused this?