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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18557. (Read 26610303 times)

sr. member
Activity: 296
Merit: 274
Just got off the longest plane ride of my life. Did anything happen specifically which caused the crash or is this just the price correction everyone saw coming?
hero member
Activity: 658
Merit: 503
Bear with me
I'm not worried at all. I don't trade at Bitfinex and I'm invested in bitcoin since $300. Wish I could buy more actually.
sr. member
Activity: 502
Merit: 251
4 hr RSI dipping below 30, hidden divergence flashing bigtime. Buy up now, this is probably a one-night event.
newbie
Activity: 42
Merit: 0
Good opportunity to buy some btc (just placed my order in) on a dip.

Nice call... Nice.
member
Activity: 99
Merit: 10
Coinbase trades at 666...how nice  Cool


Redditors are screaming at the finex rep to play "ref" when they bring it back online so they don't lose in their over leveraged positions  Roll Eyes Welcome to free markets...    Cheesy
legendary
Activity: 938
Merit: 1000
Image of Coinbase transfer from the year 2020 after massive panic caused by market leveraging sends BTC plummeting from 30K to 16K in a week. Oh and Bitcoin declared dead for the 1000th time.

hero member
Activity: 1008
Merit: 1012
member
Activity: 99
Merit: 10
okcoin down now?

This night just gets better and better  Cheesy

edit: nvm back up just slooow
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
We want blood dammit.  All the leveraged longs live by the sword and can die by the sword  Grin
member
Activity: 99
Merit: 10
Finex rep over on Reddit is in overdrive trying to get people to not panic. 2hrs into this "network outage" are things really as they appear  Roll Eyes

With a book that is way over leveraged to the long side the longer they wait to re-open and the lower the price goes on other exchanges the more dangerous this becomes  Wink

stamp and coinbase both back into the 680's.
hero member
Activity: 659
Merit: 500
Zepher is scammer!:)
I guess there's a silver lining to every cloud: time to buy some cheap coins
Exactly- I think whales get on the board with  cheap btc...and when finex will come out then up...
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Hey guys, look at the market settling again right on a USD dominated round number like 700 (or 699.99)!

But wait, that's impossible because the markets are primarily controlled by the Chinese, right???  Why would they care about USD psyche levels?  Guyzz???

(yes this is sarcasm)

I'd say it's more like a guy sliding down a muddy cliff looking for any little thing to hold onto ... 5,000 CYN (~$750) held on for quite a while before Finex crapped itself (I hate exchanges, they're all shit) ... now $700 is just the next little root or stone to grab onto.

I suppose that some of this remains a kind of test of our patience, and even for me, it remains a little bit irritated, even though I am quite aware that some of these unknowns are kind of within the potential cards.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Hey guys, look at the market settling again right on a USD dominated round number like 700 (or 699.99)!

But wait, that's impossible because the markets are primarily controlled by the Chinese, right???  Why would they care about USD psyche levels?  Guyzz???

(yes this is sarcasm)

I'd say it's more like a guy sliding down a muddy cliff looking for any little thing to hold onto ... 5,000 CYN (~$750) held on for quite a while before Finex crapped itself (I hate exchanges, they're all shit) ... now $700 is just the next little root or stone to grab onto.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
I don't think we can call BFX dead quite yet.  Too much damn money flowing into that place.  Would have to be a hell of a coke habit to blow that.  

They are probably closing everyone's positions before reopening.  Brace yourself for the cries of indignation.  Why can't I go long on trader outrage. 

That might be the safest of the options, to close everyone's position (at least within a 5 to 10% range of the current price)
legendary
Activity: 3780
Merit: 5429
Hey guys, look at the market settling again right on a USD dominated round number like 700 (or 699.99)!

But wait, that's impossible because the markets are primarily controlled by the Chinese, right???  Why would they care about USD psyche levels?  Guyzz???

(yes this is sarcasm)
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
It's a little bit ironic how people cannot seem to get enough BTC, and then we get a price correction (about 10%), and then the sentiment changes.. and cannot get rid of the BTC fast enough.

Yeah, we all want to buy cheaper, if we can.

Can be difficult as well because buy with the fiat, but then maybe begin to run out of fiat as the price continues to go down.

Up or down from here? 

Seems possibly a little more down before resuming up, but I have been wrong plenty of times before.

Bottom?

If we have not already seen it, then maybe $650?  or $620?  I think that we are still bullish - even in the mid-$500s, but $500s may be a little bit more rough to handle.. so maybe we can ask bears not to push us below $650.. hahahaha.. they won't listen.. we gotta get the bulls to not allow below $650... .
newbie
Activity: 42
Merit: 0
Idk about you guys but I'm getting my life vest before the ship sinks!
And I'll be sipping cabernet knowing the ship will be just fine. Watched this stuff too many times.

Sometimes I get sad, sometimes it seems like Rupert Bear is being a dick, always sticking that gullible crossdresser Honey Badger with the bag.

https://s32.postimg.org/4g5e2ut91/hqdefgygtuyault.jpg

Then I read a post like yours & smile Smiley
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
I don't think we can call BFX dead quite yet.  Too much damn money flowing into that place.  Would have to be a hell of a coke habit to blow that.  

They are probably closing everyone's positions before reopening.  Brace yourself for the cries of indignation.  Why can't I go long on trader outrage. 
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
700 looks like some good buying in the bigger scheme of things ... just not on Finex I guess  Cheesy

Are we going to have to start up the whole GoxCoin, FinexCoin, FinexBucks aftermarket thingy again? They can be interesting deals speculating on exchange solvencies with real BTC ... hope ya'll hedged for counterparty risk ... you know that thing bitcoin solves.
member
Activity: 85
Merit: 10
I'm rather annoyed. I was planning on selling some after I got home from work, as it was $740 all day. Felt pretty good about that price, then I get home and load up my wallet... nevermind. Guess I'll wait til the dust settles!
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