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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25664. (Read 26608070 times)

legendary
Activity: 3780
Merit: 5429
Has the market gotten so bad the people are seriously cheering a move from $399 to $401 now?  Right now anything above $400 is just as fake as $399.99.

Wake me up when we are back at $680 $510, then I'll believe some Average Joe's are actually buying again.
legendary
Activity: 1036
Merit: 1000
Thug for life!
10,856 shorts  Shocked Shocked

and longs went down today.

pretty sure poeple at bitfinex don't have a clue what they're doing...

Still lots of active USD swaps, though. With all this choppy action, it just seems like there are lots of traders (both bull and bear) who are either on the wrong side of the market, or are right on the cusp. Dangerous time to be holding any position, really. My eyes are on buying at mid-300s.
legendary
Activity: 1470
Merit: 1007
This is a first in Bitcoin history. Not even 2011 managed to go that far :/





Before I'm accused of trolling: No, I don't think Bitcoin is dead. Far from it. But in all likelihood, it'll take a long time to get out of this ditch again.


EDIT: week not closed yet, and I use hl2 as input not the traditional close, but it's pretty much the same picture either way.
sr. member
Activity: 492
Merit: 250
taking back 400 tonight would be very encouraging


We are NEVER gonna see $400 again, EVER.


CUT YOUR LOOSE!!!!!!!!!



We are Never gonna see $399 again, EVER.

CUT YOUR GOOSE!!!!!!!!!

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Week could be closing at $400.00 (stamp).

It seems that my prediction from 90 minutes ago about "NEVER again $400 was wrong?" 

Bitcoin may NOT be dead, hm? 

I may have to reconsider and talk to lil doggie (she's engaged in self-grooming at the moment, so I don't want to bother her), or attempt to bring in Aminorex's monkey for a more reliable reading on future BTC price situation? 
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
10,856 shorts  Shocked Shocked

and longs went down today.

pretty sure poeple at bitfinex don't have a clue what they're doing...
legendary
Activity: 1008
Merit: 1003
WePower.red
Week could be closing at $400.00 (stamp).
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
hero member
Activity: 700
Merit: 500
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 266
Merit: 250
fake wall was fake.

Wall was real and got market sold down to 390$ @Stamp
Good eye. I saw it as well.
hero member
Activity: 504
Merit: 500
Moderator
fake wall was fake.

Wall was real and got market sold down to 390$ @Stamp
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
fake wall was fake.

I was gonna buy his wall

but then a few tiny fish took bites,  and turns out it was fake...
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
taking back 400 isnt exactly easy peasy, but she's looking good.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
we are not on the verge of any bubble...

at best we'll be able to hold 400, then have a decent rally.

I disagree and I will tell you why:

Bubbles of days gone by were formed when lots of new blood came in to buy coins. New blood typically gets attracted when the price starts going up. It is a positive feedback loop.

As for the situation right now I am very confident that we have the most "organic" Bitcoin use right now than ever before.
...
It doesn't matter if the price crashes to $300 or below, the bubble is coming and nothing will stop it. In fact lower prices may just bring more people into the game because they want to buy in low... which will add more fire to the explosion.

good analysis. but remember that all people coming in now and surge the transaction rate are also out with the same speed.

its probably not the newbies shopping with bitcoin.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
sr. member
Activity: 437
Merit: 255
we are not on the verge of any bubble...

at best we'll be able to hold 400, then have a decent rally.

I disagree and I will tell you why:

Bubbles of days gone by were formed when lots of new blood came in to buy coins. New blood typically gets attracted when the price starts going up. It is a positive feedback loop.

As for the situation right now I am very confident that we have the most "organic" Bitcoin use right now than ever before.
...
It doesn't matter if the price crashes to $300 or below, the bubble is coming and nothing will stop it. In fact lower prices may just bring more people into the game because they want to buy in low... which will add more fire to the explosion.

good analysis. but remember that all people coming in now and surge the transaction rate are also out with the same speed.
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