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

[d_eddie]

Below 5k again. Double dip ongoing?

[infofront]

To any newbs out there who just went through all that and didn't sell. Congrats, you're a man now.

Still cant believe we actually got under 4k. Holy Flu Hoax!

via Imgflip Meme Generator

I thought I was a grizzled ass veteran who's been in this BTC game for almost 9 years now. Today scared the shit out of me though. I can only imagine how it was for a noob.

Still hodling though, and managed to buy more.

[lightfoot]

Well, another day comes to a close. And what tomorrow may bring I have no fucking clue. Might go to 20,000... Might go to 20. Might go from 20k to 20 in the time it takes to eat a bowl of wheaties.

Whatever. This is a fun ride and it's interesting to see this happen with a bunch of people like this forum.

[Lambie Slayer]

I dont think Bargain Boyz were expecting this....

Finally, a little humility from Lambie bambie...

We're making some progress. 

JJG-GayJG learning some of my tactics. This will take you far in life my son.  

I was right about all the money printing we got, but had no clue that a flu about as deadly as global diaper rashes would be successfully used by climate alarmist types to trick hardened and grizzled Bitcoiners into panic selling under 4k after the biggest daily drop ever.

Covbull-19 is still bullish af big picture, people just will have to figure out that the mortality is low and deaths aren't increasing exponentially first.  

Happy Thursday.  

[jojo69]

how interesting

[somac.]

To any newbs out there who just went through all that and didn't sell. Congrats, you're a man now.

Still cant believe we actually got under 4k. Holy Flu Hoax!

via Imgflip Meme Generator

I thought I was a grizzled ass veteran who's been in this BTC game for almost 9 years now. Today scared the shit out of me though. I can only imagine how it was for a noob.

Still hodling though, and managed to buy more.

can't agree more. I've been in for 7 years. Thought I had seen it all.

The world is in a really fucked up place right now, anything can happen. But I know sooner or later we are going to see a lot of stimulus, CBs buying assets directly, but will also see helicopter money and debt purchases. This is going to be far more serious than 2008.

[dragonvslinux]

Below 5k again. Double dip ongoing?

Last chance to buy below the 200 Week MA  

[Biodom]

Well, another day comes to a close. And what tomorrow may bring I have no fucking clue. Might go to 20,000... Might go to 20. Might go from 20k to 20 in the time it takes to eat a bowl of wheaties.

Whatever. This is a fun ride and it's interesting to see this happen with a bunch of people like this forum.

Bitcoin as a Schrodinger's cat.
You never know if it is "dead" or "alive" before you open the darned browser after 10 min has passed.

[Arriemoller]

So I decided to take one day of from this thread and now I'm 41 pages behind. WTF!

[eddie13]

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."


Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

[Pseudo-Random]

A historic ~49% range in a single 40-minute candle.

From $3800 to $5750 on 'Stamp & GDAX while a more muted $4000 to $5400 on BFX because of course, 'finex has much bigger less amateurish whales with deeper volume & liquidity.

Crypto is Tech.

Tech was the bubble again.

Flu panic popped that bubble a fair bit.

So, even gold & btc fold too. Liquidity Crisis.

Especially since the past 10-15 years, everything got integrated into BigTech, ETF'd, leveraged, from gold/silver to crypto to even collectors' gimmicks or art pieces.

Makes sense, and it'll all go back to 30k DJIA & 10-660k BTC within years.

Central Banks, and the world's 100+ million millionaires, are always there to print, and bid it up.

..Until that weird uncanny day when famine, payroll wages or worker disruption, looting, pillage, rape, civil war, nuclear blasts, become widespread, spiral out of control ; thus law & order breaks down and somehow eludes paranoid paramilitary agencies' grip in being restored and so techno-industrial global civilization's social complexity breaks down for a long, long time.

I've lurked & posted (under a variety of accounts) on WO since late January 2014, having discovered decentralized finance in September 2013. Wasted my vast opportunities. Squandered my easy early pickings. Seen it.

[mindrust]

Put a buy order at ~4500 and going back to sleep. I want my coins back :d

I want a miracle when I woke up 3-4 hours later :d

[rolling]

This is really shitty. There should be some consolation prize at least, like if most of the alts died right here and for good.

[eddie13]

Covbull-19 is still bullish af

Sure....

[somac.]

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."


Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

It is a hedge against money printing and censorship. The printing hasn't arrived yet, but it will soon, and this printing will be one for the ages.

[somac.]

Put a buy order at ~4500 and going back to sleep. I want my coins back :d

I think you'll get them back. Just don't over invest.

[Lambie Slayer]

https://twitter.com/PrisonPlanet/status/1238254013201727494

"Not to downplay coronavirus, but the 2009 swine flu epidemic infected 61 million Americans, killed over 12,000 and I don't recall anywhere near this level of hysteria."


By the way, stock futures did not bounce with us just now. That was all King.  

[peonminer]

Phrase of the day:

[bitserve]

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."


Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though.

[somac.]

I've missed a lot of pages, so this has probably been posted already: https://www.forbes.com/sites/billybambrough/2020/03/12/the-real-reason-behind-bitcoin-ethereum-ripples-xrp-and-litecoins-50-billion-crash/#2881ecc769b5

"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off."


Is BTC worth anything at all anymore after this shitshow performance?
Unsure..

If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk..

Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though.

exactly, long-term this a hedge against corruption, fraud, and crony governments. And all of those things are gong to pickup steam substantially this year.