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

[akhjob]

Check this address - https://blockchair.com/bitcoin/address/3CU4AYJH23ePNnKsycinP5TSogCNGsyqCc

1000 BTC came into this wallet from 9-10 yr old wallets.
Might be the reason for the dump.
Got this info shared in Telegram.

[Alexander_Z]

The herd was buying because of the halvening coming soon.

As usual, do the opposite of what the herd does.

It doesn't work all the time but it works pretty damn well over the long term.

Now I definitely agree with you here.  All of the talk of ATH due to halvening made it almost inevitable that we'd see a drop. If I've learned one thing with btc, it's that it'll do what everyone least expects.

Exactly. Endless "last chance to buy under XXXX", "buy the dip", "new ATH soon" "$100k next year" since 2018, ad nauseam. When there was a poll about new ATH, I voted 2024 (because of the next halving), but now I think I might have been too optimistic...

[nutildah]

As i stated before, "resistance" is completely virtual and, most important, momentarily.
And even if you consider "resistance" as resistance, it slowed down and degraded the dip by several %.
Or did you like to see corn falling to $5k and below?

Today, thus far, its been more accurate to say that resistance was at $6100, $6000 and $5950... We didn't get our first bounce until about $6100... This guy is claiming the resistance was $6400 just because it fits his previous predictions -- not because the resistance was actually there.

[Lambie Slayer]

Holy overreaction.

Thankfully 60 days till the Halvening and coins are cheap af.

[peonminer]

-major support at 6.4k

Meanwhile the price is currently at $5.9k. GTFO here Nostradamus. You're welcome to continue posting, but expect to get ridiculed if you're trying to argue that $6.4k is still a support level, or any relevant level at all. You were obviously wrong about that.

The herd was buying because of the halvening coming soon.

As usual, do the opposite of what the herd does.

It doesn't work all the time but it works pretty damn well over the long term.

"The herd" has been saying "buy bitcoin" for over 5 years. If you haven't noticed, this is a forum about bitcoin. Your general call was bearish -- so you can take credit for that, today. Tomorrow it may be a different story, and taking credit for anything else in the meanwhile is sheer arrogance.

Bottom line, you don't know anything that anybody else doesn't. You're just a bit more arrogant than most, which for this place, means you're pretty damn arrogant.

As i stated before, "resistance" is completely virtual and, most important, momentarily.
And even if you consider "resistance" as resistance, it slowed down and degraded the dip by several %.
Or did you like to see corn falling to $5k and below?

What are we but Bitcoin masochists?



Sub 1k

http://dickening.com/

How much will Bitcoin need to grow
for McAfee not to shrink?
1,000,000.0000
- 6,002.5567
_________________
$993,997.443

That means Bitcoin will need to grow an average of $3,380 per day between now and The Dickening.


Last Updated : Mar 12, 2020 12:06:00 UTC

1 BTC currently equals $6,002.5567

[Lambie Slayer]

Whatever you do, dont panic sell. Its almost always the worst decision in massive drops. Bargains are for buying.

[JL0]

-major support at 6.4k

Meanwhile the price is currently at $5.9k. GTFO here Nostradamus. You're welcome to continue posting, but expect to get ridiculed if you're trying to argue that $6.4k is still a support level, or any relevant level at all. You were obviously wrong about that.

The herd was buying because of the halvening coming soon.

As usual, do the opposite of what the herd does.

It doesn't work all the time but it works pretty damn well over the long term.

"The herd" has been saying "buy bitcoin" for over 5 years. If you haven't noticed, this is a forum about bitcoin. Your general call was bearish -- so you can take credit for that, today. Tomorrow it may be a different story, and taking credit for anything else in the meanwhile is sheer arrogance.

Bottom line, you don't know anything that anybody else doesn't. You're just a bit more arrogant than most, which for this place, means you're pretty damn arrogant.

As i stated before, "resistance" is completely virtual and, most important, momentarily.
And even if you consider "resistance" as resistance, it slowed down and degraded the dip by several %.
Or did you like to see corn falling to $5k and below?

What are we but Bitcoin masochists?



Sub 1k

http://dickening.com/

McAfee tweeted that he will not eat his own dick on TV

[peonminer]

McAfee tweeted that he will not eat his own dick on TV

[Alexander_Z]

Holy overreaction.

Thankfully 60 days till the Halvening and coins are cheap af.

Actually, it is about 48 months till the halvening that matters. However, the 2020 halvening may still cause a rally from, say, $4k to $8k (the numbers are wild guesses, it may be from $3k to $12k).

[OutOfMemory]

As i stated before, "resistance" is completely virtual and, most important, momentarily.
And even if you consider "resistance" as resistance, it slowed down and degraded the dip by several %.
Or did you like to see corn falling to $5k and below?

Today, thus far, its been more accurate to say that resistance was at $6100, $6000 and $5950... We didn't get our first bounce until about $6100... This guy is claiming the resistance was $6400 just because it fits his previous predictions -- not because the resistance was actually there.

Agree. That didn't come out as clear to me from the previous posts.
I was able to up my BTC holdings by a fraction of my "trading reserve" at an exchange.
I'm prepared now for further rise or fall. Good thing i was at home and had time for SOMA analysis, which made me do the right thing just a couple of minutes before the dump started. I made market rebuys, unfortunately, but the "loss" is not really high, especially in contrast to the gains.

[bitcoinPsycho]

[

[OutOfMemory]

I just fear that almost nobody is in the mood to buy but hodlers.
Most big players will likely stay invested but keep their hands off the buy button.
Average joe will be scared by todays dump 

[Icygreen]

I'm either handling this dip and the virus like a Chad or I'm about to get seriously bent.  
BBQ, scotch, music, SO, health, time. Fuck the world and its problems, don't forget to enjoy yourself.

[Paashaas]

Atleast the premium version of Pornhub is free for Italians now lol

[Wekkel]

https://en.wikipedia.org/wiki/Capitulation_(surrender)

https://i.imgur.com/D09SNt8.png

Nailed it. If this recovers quickly in a day or so, this was the official end of the bear market.

I know I bought more for sure.

[Ibian]

Just talked to my old man, they went out and stocked up on food a few days ago. Today, everything is gone. Just a huge mob of people everywhere trying to grab whatever is still left. So glad they listened to me before it was too late. Thanks to everyone helping with keeping people informed.

[jojo69]

ulp

[Cryptotourist]

I can't believe the Bargain Boyz got their shot.

OTOH, so happy for the discounted extra coins.
Fiat hit exchange so fast, I didn't even blink.

We have our double bottom on the 200 WMA.
THANK YOU WHALES. YOU MAY FUCK OFF NOW.

[TopTort777]

Everyone this morning



Wtf is this? Why this price dump happened? At first I thought it is once again connected with oil price drop, but oil didn't drop so dramatically.
Another hit by COVID-19 ? Looks unreal, because Swine influenza had larger numbers of fatalities and greater numbers of infected.

[Yaplatu]

Bitcoin is dead  It's time for sell off...