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

[Ibian]

Cross-posting here to notify WO capwearers:

Could capwearers please make the effort to save their avatars as png (rather than jpg or whatever) in order to make them transparent? You know who you are.
I feel like this is a bit of issue. I'm tempted to start a campaign PMing users from the WO thread, leaving neutral trust where appropriate if gang etiquette isn't being followed.
I think we need to smarten up the mother gang. Bitcoin's falling, a bit of professionalism wouldn't go a miss right now, otherwise we all look like noobs.
I'm trying to say you make us all look bad with your unnecessary white space background behind your caps, in case it wasn't obvious  

Thoughts?

Oh? Pressure to conform to the cult, with threats of negative trust! if the marching orders are not obeyed? Well then, I will do absolutely nothing!

No:

neutral trust

Yes do nothing. You'll be fine. You are adhering the etiquette. To rebel, please re-save your avatar as a jpg and re-upload. Thanks!

But that sounds like work.

[Lambie Slayer]

https://twitter.com/mitchellvii/status/1238110418834423809

"I'm not worried about COVID-19.  Climate change killed me months ago."

 

Makes you wonder about Greta Thunberg. She must really hate COVID-19.

It knocked her right off of the front pages. Now all the worrywarts have something else to fuss about.  

 

Good point, alarmists everywhere are jealous and revising their tactics. Imagine all the people who spend decades trying to build hysteria for cause after cause after cause and China Flu wins the prize after a few months and 5k deaths.

[dragonvslinux]

Cross-posting here to notify WO capwearers:

Could capwearers please make the effort to save their avatars as png (rather than jpg or whatever) in order to make them transparent? You know who you are.
I feel like this is a bit of issue. I'm tempted to start a campaign PMing users from the WO thread, leaving neutral trust where appropriate if gang etiquette isn't being followed.
I think we need to smarten up the mother gang. Bitcoin's falling, a bit of professionalism wouldn't go a miss right now, otherwise we all look like noobs.
I'm trying to say you make us all look bad with your unnecessary white space background behind your caps, in case it wasn't obvious  

Thoughts?

Oh? Pressure to conform to the cult, with threats of negative trust! if the marching orders are not obeyed? Well then, I will do absolutely nothing!

No:

neutral trust

Yes do nothing. You'll be fine. You are adhering the etiquette. To rebel, please re-save your avatar as a jpg and re-upload. Thanks!

But that sounds like work.

Rebellion to gang etiquette either takes some effort, or a lack of understanding of saving images.
In your case, I don't think you're ready for rebellion. Sorry.

[peonminer]

Fire Sale? Blood Bath?

Why can't it be both?

[LFC_Bitcoin]

If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!

Observing $5,571 

[OutOfMemory]

WMA200 breakage looks close in my charts.

[Bitcoinaire]

I don't like this but what are you gonna do!

[OutOfMemory]

I don't like this but what are you gonna do!

what you and most other hodlers did before for years: wait it out and buy the dip.

EDIT:
It's easy. The lower we fall, the higher my safety margin on the way up. 

[LFC_Bitcoin]

Miners are going to be fucked!

Isn’t break even on production at about $7,000 on average?

[dragonvslinux]

If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!

Archived!

Can you please archive all of 26281 pages?

I recommend contacting LoyceV asap, he has the resources for this.
Edit: And he loves to scoop and scrape.

We just came $60 from this thread being deleted  

Miners are going to be fucked!

Shh, you'll upset the miners. They are very touchy about these things.

[OutOfMemory]

Miners are going to be fucked!

Isn’t break even on production at about $7,000 on average?

depends on the country. Miners should have some reserved BTC to get over it for some time.
It even might look to some of us that todays dump was the result of a big miner liquidating reserve btc (for whatever reason).
I read a tweet today, that many sold bitcoin from today came from wallets that were untouched since 9-10 years.

EDIT: I thought a split second about CSW and the "tulip trust", but then i had to laugh about my own stupidity 

[Raja_MBZ]

IMO, this sell-off seems like a fakeout by some big whales to make newbies think that bitcoin can't work as good as gold (and other safe-haven assets) during a global crisis (like coronavirus). Eventually, these whales should lose the sell-off power and bitcoin should get back on (bull) track.

I still refuse to believe that this sell-off is organic/natural. This can't happen; bitcoin should've been outperforming every single asset out there during this time.

I still effing expect a fast jump to $10,000.

[goldkingcoiner]

Wait. What happens if miners decide to stop mining because its currently not worth it?

[HI-TEC99]

If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!

Observing $5,571 

[OutOfMemory]

Wait. What happens if miners decide to stop mining because its currently not worth it?

hashrate drop, followed by difficulty decrease and many last gen cheap asic boxes on the 2nd hand market.

[HI-TEC99]

The poll needs a third option of "running out of toilet paper".

[gentlemand]

This can't happen; bitcoin should've been outperforming every single asset out there during this time.

Um, why?

There are 6 or 7 figure sells with no accounting for slippage. That isn't 'manipulation', that's running for it. The most obvious explanation is often the right one. There are lots of 'stick a fork in it' comments elsewhere and dribbling about it being untouchable for a generation.

Let's see what happens in the coming weeks and there'll be sunnier times eventually but right now the idea of it being innoculated from something ravaging every other market is laughable.

[hodl_2015]

That's a really depressing image. just look at that TP.

[LFC_Bitcoin]

I want to buy another 2BTC, I was going to today but I choked earlier. I don’t want to mess up & buy if it goes down another $1,000 overnight. I might sleep on it & hope there’s no rebound when I’m sleeping.

I’ve got a feeling we might go a little lower.

[OutOfMemory]

This can't happen; bitcoin should've been outperforming every single asset out there during this time.

Um, why?

There are 6 or 7 figure sells with no accounting for slippage. That isn't 'manipulation', that's running for it. The most obvious explanation is often the right one.

Let's see what happens in the coming weeks and there'll be sunnier times eventually but right now the idea of it being innoculated from something ravaging every other market is laughable.

realistically said, that's about it. Side effects included.
Out of sMerit, so +1 WOsMerit

EDIT: Thanks LFC_Bitcoin, finally able to send a merit.