Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18116. (Read 26608840 times)

Bitcoinaverage.

Yes it's dropping... currently $743.

Last Years...https://blog.purse.io/bitcoin-black-friday-price-drop/

Good morning Bitcoinland.

Slid back a little I see...$744USD/$1002CAD.

Hopefully we won't stagnate here for too long.

I could see the end of the year potentially being a factor for tax purposes, but for commercial purposes, bitcoin likely remains much too small in that particular space for those commercial purposes to have much of an overall affect on bitcoin prices - there are too many other things going on in the world that are putting upwards pressures on price through overall adoption and just preservation of value (as compared with currency manipulations, etc)

In the end, there can be some big macro economics going on that cause seasonal dynamics and momentum, but it also seems difficult to pin down exactly on a seasonal basis in order to really bet that price is going one direction or another because of some kind of seasonal dynamic compared with other fundamentals (such as effect of halvening or effect of seg wit signaling/adoption etc).


You seem to be describing a bit of a living pay check to pay check scenario or maybe that some folks are a bit over extended in their bitcoin investment.  Sure there may be some of this going on in the margins, but really I doubt what you are describing is any kind of meaningful and or widespread market dynamic affecting bitcoin prices.


I would concede that less trading around the holidays because of closed banks, travel and family/entertainment activities could have some market effects... but sometimes it can cause whales to get active in their attempts at manipulations because they know that generally there tends to be a bit less liquidity during those kinds of times.

Likely I am not really disagreeing with anything that you are saying except when you emphasize certain concepts such as "must"   Maybe in your thinking the odds are 51% or 63% or 87% or 95%, but you really could not believe the odds are 100% for the future, unless it has already happened (and that would not be the future), could you?

So, whats going on with the R3CEV blockchain consortium banksters?

Goldman Sachs, Santander and now Morgan Stanley are leaving this sinking ship... I think they starting to realize they cant compete Bitcoin 

Last two years we were in a downtrend. This year we are in uptrend.

Lots of small size buying from average Joe and Mary countered by few dumping institutionalized centers using borrowed bitcoins. The latter party is doing everything to suppress price. From network tx spam to media campaigns to get big blocksize agenda back in focus. Generally, by the end of the year all shorts have to unwind and borrowed bitcoins paid back. Generally, Joe and Mary don't have to unwind their longs as they don't borrow fiat to buy bitcoin. While bitcoin price keeps creeping higher despite all dump efforts, expect more hysteria and panic from big blocktard crowd.

By the way, any effect of the Black Friday on Bitcoin prices?

What happened last years

Yup, already sold all my coins at the quintuple top around 5400.

Last chance to sell at 740 ...

It's an expensive month, so I'd presume people that don't get a thirteenth month of salary would have to cash out some. Also less trading so less traders to absorb the coins that are being minted.

doesn't matter one way or another because it is far away, but the end of year was dump time in the last two years

Even if Christmas was tomorrow, so what? Why do you think it'd be negative for bitcoin price?

still 1 month until the Christmas, what is years in Bitcoin trading time

True. Let's see what happens at the next test of the resistance....

After all those failed dumps?

It is mighty fun to secretly admire that egg with a gleam in one's eye though.

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

Look at 1w chart. I don't see that BTC needs correction...

Do you noticed the dump we've seen a few days ago?
From 750 down to 710!
And have you also noticed the quick and strong bounce after that?
I'm always amused when someone thinks to know what the market has to do.This is not how it works my friend!Never try to go against the market, you will only get hurt.
I see the 700 range as a good solid bottom, and even if we should go lower it won't be for long.