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

[LFC_Bitcoin]

60,000,000 #USDT (60,348,158 USD) minted at Tether Treasury

Tx:https://whale-alert.io/transaction/ethereum/642f7931d26ff90fb6762a8beb51ad987a6c8ee8ac7f62007b7b4ef6a1a7e721

https://twitter.com/whale_alert/status/1240996306438553602

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[Cryptotourist]

https://twitter.com/CNBC/status/1241062191052337153

Our Kelly has been profiteering from insider info on impending misery. How could she?

Well, technically she hasn't.
Classic AmeriCAN argument(s).

Beautiful to watch though, I did not spot a single pantomime - out of the possible 21.

[BitcoinGirl.Club]

I'm already here.

LOL
That username 😜

[BitcoinGirl.Club]

<JJG virus>

You go and hug COVlD-19 😝

[BitcoinGirl.Club]

Do we have anyone here COVID-19 positive?
Hope no one yet.

I'm on my 5th day after returning home, through 3 airports and 2 planes. Whole trip took more than 24 hours. 9 more days till I'm "clear", but only a few till I can begin to relax.

Do we have anyone here COVID-19 positive?
Hope no one yet.

I had laryngitis for 6 weeks, cough & cold. My voice was like a whisper for ages. Other WO members will verify this as we met last month.

I don’t think it was COVID-19 any way.

Stay safe brothers. I am not going out much.

[bkbirge]

LOL, with what looks like blood there I strongly recommend a visit to your local gastroenterologist. Also more veggies.

[Here4Gainz]

Afternoon all

New 2 BTC and investing in general - wanting to take advantage of the new world I entered at a very small 0.2 BTC @ 5.7k. Have plenty of funds and considering buying 1 - 2 whole btc as I'm gathering confidence that it'll return to 10k+

Discuss and help a newb out.

Welcome, Here4Gainz.  You might need to provide more information about your particulars, but surely your own research would be part of any BTC plan.

I generally recommend that newbies figure out their cashflow for 6 months, and then make an investment budget that is spread out during that kind of timeline that allows them to continue to learn about BTC while they are investing by dollar cost averaging, buying on dips and perhaps frontloading their investment a bit.

Accordingly you can take your current cash available for budgeting towards bitcoin and add it with your cashflow that you expect to dedicate to invest in bitcoin over the next 6 months.  Divide that into three and invest 1/3 immediately and dedicate 1/3 respectively to DCA and buying on dips.

Of course, you can employ other variations of such recommended strategy to account for all of your own specific conditions, including  your cash flow, other investments, view of bitcoin as compared with other investments, risk tolerance, timeline and time and skills for trading, managing your portfolio or researching into bitcoin (including tweaking from time to time).

Thanks for that.

All makes sense and useful going forward. I suppose my situation varies slightly - I have a lump sum cash amount which I don't need for the next 5 years minimum.

What is considered a dip? The one a few days ago to ~4.5k is an obvious one but is there certain % drop considered a dip worthy of investment? I suppose any dip is a good dip

[Raja_MBZ]

Daily chart bearish.
Weekly chart bullish.

[Paashaas]

Do we have anyone here COVID-19 positive?
Hope no one yet.

I'm on my 5th day after returning home, through 3 airports and 2 planes. Whole trip took more than 24 hours. 9 more days till I'm "clear", but only a few till I can begin to relax.

Do we have anyone here COVID-19 positive?
Hope no one yet.

I had laryngitis for 6 weeks, cough & cold. My voice was like a whisper for ages. Other WO members will verify this as we met last month.

I don’t think it was COVID-19 any way.

Stay safe brothers. I am not going out much.

From where i live, 5 people infected..

Taking the necessary precautions. Take care.

[LFC_Bitcoin]

Daily chart bearish.
Weekly chart bullish.

Under $6,000 now meh!

[El duderino_]

Daily chart bearish.
Weekly chart bullish.

Under $6,000 now meh!

Party popper the Dude got some low buy orders ........... 

[YourMother]

what an unstable shitcoin lol

[LFC_Bitcoin]

Party popper the Dude got some low buy orders ........... 

$5,810 now, fuck. I guess we’ll see some volatility for a few weeks now. Maybe a bigger pump near the halving.

[Phil_S]

Oh no... not 6400 sideways... not again...

I prefer this to 5400 and dropping...

No shit, Nostradamus...

[Biodom]

An explanation for the dip...reddit talks about nasty rumors (stock market closing) sometime next week.
My take on this-it is a crazy thing to do due to many factors.
Not sure how this would affect bitcoin trading since, technically, it is not a stock market.
Also, what about bonds-you simply cannot close that since it is a source of funding for governments.
On the other hand-how you can justify closing stocks but allowing bonds to trade?

Money market funds-today in US 3mo and 6mo treasury bills are negative (-0.02%, despite FED saying that they should be in 0-0.25% range).
I sincerely hope that they are not going to bust the buck, otherwise people would sell off their money market funds.

Raul Pal's "trade of the centiry" got busted, maybe temporarily (dollar declined 1.8%):
https://www.bloomberg.com/news/articles/2020-03-20/dollar-slides-as-california-lockdown-sparks-u-s-recession-fears

Comment: it was inevitable, it was up 10% in a few days-too much for many countries to handle.

[OutOfMemory]

If i'd be in BTC for the weekly fiat yield, i would have sold at about this time, too.
As we zoom out, we should see a steady, more gradual increase in the future.
This was just a bump because of a pump&dump.

My 2 cents at $5.928

EDIT: TBH, i was thinking about selling a bit, just to buy back shortly after (this dump).
Still, though i am in BTC, i am still quite risk averse  
Plus it would have made me a victim to the tax office (In my case: 1yr holding time, then tax free).

[toknormal]

I'd say trading this market right now is lethal.

Anyone who didn't already make up their mind if they were in or out is just gonna lose more with every trade.

[Biodom]

I'd say trading this market right now is lethal.

Anyone who didn't already make up their mind if they were in or out is just gonna lose more with every trade.

I agree, especially to the extent of establishing or cashing out a largish position.
Nibbling a few sats or a bit more here and there is fine.
That said, if someone bought at 4.0-4.5K and sold at 6.7-6.9K-that was a great trade, not sure if there will be more like these.

In the news: Adaptive Capital (Murad Mahmudov CIO) is closing.
https://cointelegraph.com/news/crypto-hedge-fund-goes-belly-up-after-bitcoin-price-drop-to-38k

[OutOfMemory]

I'd say trading this market right now is lethal.

Anyone who didn't already make up their mind if they were in or out is just gonna lose more with every trade.

I agree, especially to the extent of establishing or cashing out a largish position.
Nibbling a few sats or a bit more here and there is fine.
That said, if someone bought at 4.0-4.5K and sold at 6.7-6.9K-that was a great trade, not sure if there will be more like these.

We'll see, but at this realtively high relative range (delta around 2.2k) it's rather unlikely to happen again anytime soon.

[Raja_MBZ]

Daily chart bearish.
Weekly chart bullish.

Under $6,000 now meh!

Wasn't this a well-expected correction?