Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17597. (Read 26712493 times)

Oh yeah ...

is crypto dead?

What the hell happened?
It looks like the price just took a major cack on it's self!

This week had a high of $1350 and a low of $975. It's been incredibly volatile, and the price spikes were impossible to predict unless you happened to be a whale buying or dumping. I think most of the spikes triggered stop buys, then stop losses, and cost some traders half their stash.

Hodling is the safest bet for this week.

The END?!?

Wow. I just got home and I see we're in the middle of a shitshow.

Someone's obviously spending a lot of money to try to start a panic. It seems to be driven by Finex. An attempt to margin call?

Margin trading is a way for brokerages, exchanges, etc. to shake down the rubes. A classic example was last Friday with the flash spike to an ATH in the morning, margin calling many shorts, followed by the flash crash down under $1000 after the ETF decision, margin calling many longs.

Those prudent enough to have appropriately placed bids and asks could have sold for over $1300 in the AM and bought for under $1000 in the  PM and made a tidy profit. Margin trading is for suckers.

When the price dipped down under $1150 a few minutes ago, it was close to what I'd consider a buyable dip. Now it's creeping back up a little but I'll keep a close eye on the price and carry enough cash to run out and buy some more.

I never got the bucks I was expecting on Sunday but have been emphatically assured I'll get my money on Monday after a 5-banking-day hold is lifted. I think I can spare enough to buy a half a coin without leaving myself too cash strapped over the weekend. Half a coin is better than no coins at all.

Let's see how this little dip pans out. I've got until midnight (4:00AM UTC) to decide.

Oops. We seem to be going down again. How low do we go?

If BUcoiners get their unlimited altcoin how much time will it take for their blockchain to get bigger than 1TB?

Thanks for quoting - the original post was deleted, I guess because the word "D*sh" was mentioned too often in it (Interested people can access the post clicking on the link above the quote)

D*sh is definitely going down, but I doubt it's the reason for the actual downmove as still the price respect to Bitcoin isn't going down very fast. I guess Bitcoin's downmove has more to do with the BU fork threat. Double Top (1295/1265) incoming? It would be confirmed at ~950.

So iz bitcoin dead and alts taking over??       

It'll be a total shitshow. The two warring factions will get coins on both chains, so they'll all start dumping on the chain they don't like while alts take over.

Naw, that is looking more suitable for Ring Signatures, just my humble opinion.

we can and we will
its for your own good.
LOL!

try to relax, we will take it one step at a time, no one will be forced to do anything, you'll have a choice, and plenty of notice.
i think your best choice will be to hold both.

is crypto done??  

no, but it's hard to trust this : https://coin.dance/blocks

Selling is gambling. I made lots of profit because of the easy predicted PBOC dumps. But those dumps lately are very hard to predict. ETF was a huge bulltrap. First huge pump so maybe they have inside information, after that huge dump and bulls got rekt. This dump right now, first slowly decrease. Then decrease stopped so that is a bullish dignal. And then dumb whales do their thing and FUD after that. Man traders are idiots.

Of course not, that's not how Bitcoin works.

They can, however, cause a lot of uncertainty.

I for one am pretty amazed there aren't more of them. Bitcoin is a very fertile petri dish for every conceivable type of disgusting behaviour.

Only thing that I know for sure: I have invested heavily in bitcoin at $300 and I have been holding ever since. I have seen this kind of FUD before and selling was never the right decision. So I am not worried, but nonetheless very annoyed because of the bad actors in this community.

Realistically speaking is there any news about Bitcoin Unlimited? The ones pushing for this alternative protocol can't force everyone to switch over, right?

They are probably partially influenced to sell by FUD from the like of businessinsider. Its latest article's FUD speculates that Bitcoin's double topping, and the only way is down. Yeah right.

http://www.businessinsider.com/bitcoin-price-charts-show-trouble-ahead-2017-3?r=US&IR=T

Half a week ago the media was full of articles hyping Bitcoin, today they it's FUD articles everywhere.