Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8221.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: LFC_Bitcoin on March 12, 2020, 04:39:45 PM

I want to buy another 2BTC, I was going to today but I choked earlier. I don’t want to mess up & buy if it goes down another $1,000 overnight. I might sleep on it & hope there’s no rebound when I’m sleeping.

I’ve got a feeling we might go a little lower.

Me too. Buy on the way down. Gradually. Makes you feel less of a fool after unexpected trend reversal (most times).

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

Everything is fine, halving in two months. Whales shaking weak hands.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: goldkingcoiner on March 12, 2020, 04:34:50 PM

Wait. What happens if miners decide to stop mining because its currently not worth it?

Death spiral.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: gentlemand on March 12, 2020, 04:37:47 PM

Quote from: Raja_MBZ on March 12, 2020, 04:34:02 PM

This can't happen; bitcoin should've been outperforming every single asset out there during this time.

Um, why?

There are 6 or 7 figure sells with no accounting for slippage. That isn't 'manipulation', that's running for it. The most obvious explanation is often the right one.

Let's see what happens in the coming weeks and there'll be sunnier times eventually but right now the idea of it being innoculated from something ravaging every other market is laughable.

realistically said, that's about it. Side effects included.
Out of sMerit, so +1 WOsMerit

EDIT: Thanks LFC_Bitcoin, finally able to send a merit.

LFC_Bitcoin

legendary

Activity: 3556

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#1 VIP Crypto Casino

I want to buy another 2BTC, I was going to today but I choked earlier. I don’t want to mess up & buy if it goes down another $1,000 overnight. I might sleep on it & hope there’s no rebound when I’m sleeping.

I’ve got a feeling we might go a little lower.

hodl_2015

member

Activity: 371

Merit: 57

Quote from: HI-TEC99 on March 12, 2020, 04:35:16 PM

That's a really depressing image. just look at that TP.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: Raja_MBZ on March 12, 2020, 04:34:02 PM

This can't happen; bitcoin should've been outperforming every single asset out there during this time.

Um, why?

There are 6 or 7 figure sells with no accounting for slippage. That isn't 'manipulation', that's running for it. The most obvious explanation is often the right one. There are lots of 'stick a fork in it' comments elsewhere and dribbling about it being untouchable for a generation.

Let's see what happens in the coming weeks and there'll be sunnier times eventually but right now the idea of it being innoculated from something ravaging every other market is laughable.

HI-TEC99

legendary

Activity: 2772

Merit: 2846

The poll needs a third option of "running out of toilet paper".

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: goldkingcoiner on March 12, 2020, 04:34:50 PM

Wait. What happens if miners decide to stop mining because its currently not worth it?

hashrate drop, followed by difficulty decrease and many last gen cheap asic boxes on the 2nd hand market.

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: LFC_Bitcoin on March 12, 2020, 04:26:05 PM

Quote from: infofront on March 12, 2020, 04:00:29 PM

If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!

Observing $5,571 Shocked

goldkingcoiner

legendary

Activity: 2310

Merit: 2119

A Bitcoiner chooses. A slave obeys.

Wait. What happens if miners decide to stop mining because its currently not worth it?

Raja_MBZ

legendary

Activity: 1806

Merit: 1520

Quote from: Raja_MBZ on February 26, 2020, 06:06:01 PM

IMO, this sell-off seems like a fakeout by some big whales to make newbies think that bitcoin can't work as good as gold (and other safe-haven assets) during a global crisis (like coronavirus). Eventually, these whales should lose the sell-off power and bitcoin should get back on (bull) track.

I still refuse to believe that this sell-off is organic/natural. This can't happen; bitcoin should've been outperforming every single asset out there during this time.

I still effing expect a fast jump to $10,000.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: LFC_Bitcoin on March 12, 2020, 04:29:12 PM

Miners are going to be fucked!

Isn’t break even on production at about $7,000 on average?

depends on the country. Miners should have some reserved BTC to get over it for some time.
It even might look to some of us that todays dump was the result of a big miner liquidating reserve btc (for whatever reason).
I read a tweet today, that many sold bitcoin from today came from wallets that were untouched since 9-10 years.

EDIT: I thought a split second about CSW and the "tulip trust", but then i had to laugh about my own stupidity Grin

dragonvslinux

legendary

Activity: 1722

Merit: 2213

Quote from: dragonvslinux on March 12, 2020, 04:17:20 PM

Quote from: Raja_MBZ on March 12, 2020, 04:05:16 PM

Quote from: dragonvslinux on March 12, 2020, 04:02:39 PM

Quote from: infofront on March 12, 2020, 04:00:29 PM

If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!

Archived!

Can you please archive all of 26281 pages?

I recommend contacting LoyceV asap, he has the resources for this.
Edit: And he loves to scoop and scrape.

We just came $60 from this thread being deleted Undecided

Quote from: LFC_Bitcoin on March 12, 2020, 04:29:12 PM

Miners are going to be fucked!

Shh, you'll upset the miners. They are very touchy about these things.

LFC_Bitcoin

legendary

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#1 VIP Crypto Casino

Miners are going to be fucked!

Isn’t break even on production at about $7,000 on average?

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: Bitcoinaire on March 12, 2020, 04:27:09 PM

I don't like this but what are you gonna do!

what you and most other hodlers did before for years: wait it out and buy the dip.

EDIT:
It's easy. The lower we fall, the higher my safety margin on the way up.

Bitcoinaire

sr. member

Activity: 696

Merit: 439

I don't like this but what are you gonna do!

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

WMA200 breakage looks close in my charts.

LFC_Bitcoin

legendary

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#1 VIP Crypto Casino

Quote from: infofront on March 12, 2020, 04:00:29 PM

If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!

Observing $5,571 Shocked

peonminer

hero member

Activity: 798

Merit: 531

Crypto is King.

Fire Sale? Blood Bath?

Why can't it be both?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8221. (Read 26720873 times)