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

[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.

[mindrust]

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

Death spiral.

[Wolf Rainer]

Everything is fine, halving in two months. Whales shaking weak hands.

[OutOfMemory]

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.

Me too. Buy on the way down. Gradually. Makes you feel less of a fool after unexpected trend reversal (most times).

[LoyceV]

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.

The correct URL is http://loyce.club/archive/topics/17/178336.html, although it only has 33794 of the last posts.
My other project has the first 2628 pages only, I'll continu that much later when my scraper is done with it's current tasks (probably around August).

[goldkingcoiner]

Everything is fine, halving in two months. Whales shaking weak hands.

Oh stop it with the bullshit already. HALVING THIS HALVING THAT. This is obviously due to the corona panic, just like in every other market.

Human panic is unpredictable. We could see Bitcoin go down to three digits, no problem. Halving is not going to do squat at the moment.

People have only started panicking. We are not even in the eye of the storm yet.

[HI-TEC99]

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

That's because everyone else has been panic buying all the toilet rolls. They have sold out.

[Wolf Rainer]

Everything is fine, halving in two months. Whales shaking weak hands.

Oh stop it with the bullshit already. HALVING THIS HALVING THAT. This is obviously due to the corona panic, just like in every other market.

Human panic is unpredictable. We could see Bitcoin go down to three digits, no problem. Halving is not going to do squat at the moment.

The corona is just an excuse, thats why you are a weak hand, you panic easy and lose money. They are whales, they allways win money.

[bkbirge]

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

That's because everyone else has been panic buying all the toilet rolls.

One of the few times I should have given in to the FOMO.

[Bitcoinaire]

Everything is fine, halving in two months. Whales shaking weak hands.

Oh stop it with the bullshit already. HALVING THIS HALVING THAT. This is obviously due to the corona panic, just like in every other market.

Human panic is unpredictable. We could see Bitcoin go down to three digits, no problem. Halving is not going to do squat at the moment.

People have only started panicking. We are not even in the eye of the storm yet.

Yes, but when this virus thing blows over in a few weeks or a couple months, the price will explode that much more. This is just adding more fuel for the fire, its going to be epic.

[serveria.com]

Meanwhile at your local drug dealer:

[dragonvslinux]

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

They capitulate.