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

[OutOfMemory]

Today is the first day in like 2 years my nocoiner friend mentioned BTC and that he'd like to buy because he heard "it dropped 50%"   Bullish!  

Wow. Most people of that ilk think either 'it's ded' or 'it'll go lower' and then buy 5 minutes before the peak several years later.

Your man sounds like he was born to it.

When i picked up the kids at school today (which is closing down for at least two weeks now) i heard other parents talk about investing in bitcoin, because the price sunk $1000 (...) "No, it's even down $2000! ...", "Then i'm gonna buy for sure now!" ... (and so on). I didn't join the talk, but what i really heard from it was:

"Bitcoin is low, i'm gonna catch the falling knife"
"Bitcoin is even lower, i'm finally buy the blood and become a coiner"

So i guess that BTC will tank even lower after the rise from $4.x cools off.
Many people gonna loose their newly invested money to the whales, at least to some good percentage.
I'll wait for it. I can still buy on the way up until about $6.5k if i'm totally wrong.
My final word (opinion): Bitcoin will go lower before the slow rise to next ATH. When i look at all the pumps after 04/2019, i'd say the bottom could be somewhere between $3 and $3.5k.

[vapourminer]

mumbles incoherently

did the blackout drunk thing work? cant really remember anything.. so maybe it did.

uuuuuuuuungghh

[bitebits]

Not buying not selling... just HODLing...

If no one buys the price won't rise up.

But it won’t go down either.

[somac.]

There is pretty much no sell orders after 6k (For bitfinex and stamp at least). That's interesting. As we get closer people will put some on of course, but to me it looks like people selling from this point to 6k were the ones catching the fallen knives and regret their choice.

[gentlemand]

did the blackout drunk thing work? cant really remember anything.. so maybe it did.

uuuuuuuuungghh

I bought one these



Filled it with nitrous oxide and got one of my personal assistants to tape the seams shut after I climbed inside.

I'm having a superb time though I'm developing tunnel vision and I'm blacking out every minute or two. My assistant is applauding from the outside.

[Wilhelm]

Panic wave seems over
Bitcoin is climbing back to it's true value
Bitcoin survived a pandemic and proves itself again
Anyone who bought the dip *congrats*

Up to $100k

5-dig would be it’s normal valuation for theses period of time....  gogogogo

Also like with the bcash fork and precious halving, didn’t we have had a drop as well.... a huge one?
Those periods 2500 to 1600 ish kinda similar all just looks bigger at higher prices....

I am little bit confused.
I tought halving had to do with the miner reward.
Instead I got an halving in price!
I am a little bit puzzled!

/j

All is fine.
1BTC=1BTC

OK

If a miner digs and finds less and less gold.
That means he has less to sell but has to work equally as hard as before.
If a lot of people want gold and there is a limited amount then people will be wanting to pay more for it.
It's called scarcity.

The reason why limited editions are worth more.

Scarcity is built into bitcoin...

[goldkingcoiner]

did the blackout drunk thing work? cant really remember anything.. so maybe it did.

uuuuuuuuungghh

I bought one these



Filled it with nitrous oxide and got one of my personal assistants to tape the seams shut after I climbed inside.

I'm having a superb time though I'm developing tunnel vision and I'm blacking out every minute or two. My assistant is applauding from the outside.

Oh god, WO'ers delirious from the Corona fever and insane from the mind shattering dump. If things keeps going on like this, the chances of me losing the world championship in easter egg painting are going to skyrocket. When do we inform the general of the lack of blue chocolate?

[heslo]

Hmm, the panic has subdued. It’s becoming boring again.

Back to work 

After what we've been through the last 24 hours or so... I'm ok with this for now

[xhomerx10]

Not buying not selling... just HODLing...

If no one buys the price won't rise up.

 

[vapourminer]

This is the fucking titanic people.

which violin would you like to play sir? (madam?)

[somac.]

I don't like to say this, but I think we are bouncing off some kind of resistance here, the 200 week MA perhaps. If we don't break this thing we might be heading straight back to those lows.

[somac.]

This is the fucking titanic people.

which violin would you like to play sir? (madam?)

I'm heading to the bar.

[xhomerx10]

Well that was an exciting couple of hours! Still Hodling strong, just watching the volume build up - 2020 is going to be a heck of year

 Wow.  I thought you left us.

[JL0]

$665 million bitcoin longs got rekt on Bitmex 

It's time to invest in CoronaCoin 

[xhomerx10]

On a lighter note, I found toilet paper - 6 hours drive from home in another country where the farmers don't panic because they're already used to feast or famine.  I'm pretty certain they still have all their Bitcoin too.

 Damn you guys typed a lot yesterday.

[soullyG]

Well that was an exciting couple of hours! Still Hodling strong, just watching the volume build up - 2020 is going to be a heck of year

 Wow.  I thought you left us.

Nope, still popping in to lurk from time to time! Thought it was appropriate to check-in during the current insanity, it's nice to see so many of the old guard around still

[Bitcoinaire]

When we hit new ATH's it won't matter much if you got in at $4000 or $5600.

[LoyceV]

Damn you guys typed a lot yesterday.

24 hours: 888 posts
7 days: 1910 posts

All posts: http://wallobserver.tk/

Just leaving this here for whoever loves scrolling.

[Bitcoinaire]

Problem is I couldn't. My problem was buying too many dips recently. I was casually throwing $5k's. That was a huge mistake and was the main panic trigger for me.

Combined with that, what we just witnessed never happened before in the history of crypto If I am not wrong.

You are right.  That move was a first for crypto, and it is worrysome. It could be an indicator (much as we don't like it, deny it) that the market/trend has changed in some fundamental way.

For me the real negative sign was the failure, in an exponential spike, of 13500 and 10500 (twice), BELOW the ATH.  That had not happened before. Exponential rises to ATH are temporary exhaustions, but below (in TA) signal long bear trends.

Of course, there is the argument that BTC is not like other markets, but with this move in lockstep with stocks etc, it is looking more like BTC has matured .

Now lets hear the bull case.

Plustoken scam coins were dumped at critical levels and painted the tape. Their coins will run out but the bastards still have quite a few left.

[Phil_S]

My assistant is applauding from the outside.

Hit him with a stick!

Oh wait, you can't. He used super-glue.

Maybe that's why he's so happy.