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

[galdur]

New York Fed President William Dudley said "it is quite possible that the conditions the Committee has established to begin to normalize monetary policy could soon be satisfied." What he didn´t say, the discreet chap that he is: We think that the threat of Hillary Clinton landing in the White House next year instead of a room with rubber walls where she belongs under the care of people in white coats - is very real! And we´re prepared to do anything to prevent this calamity, even tank the markets and the economy in an election year.

He was with Goldman Sachs and can spook the market. Wall St. will probably appoint him as next Sec of the Treasury.

Apparently the FED hasn´t mentioned negative rates for several days now so it´s quite possible that they´ll hike rates next month. Good for the dollar, terrible for stocks.

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[JayJuanGee]

>340 after lunch.   

I'm getting a little frustrated trying to trade the various smaller swings.

Sure there is money to be made, and it can be a little bit of fun when things are going well. 

On the other hand, it is very time-consuming, and since I am trying to play safe, I am not really playing with enough money at time to make it a very productive use of my time.

I'm thinking about modifying my strategy to only play the bigger swings, yet I understand "bigger" to be relative, and therefore, maybe just a slippery slope that will drag me back down into the quagmire of day trading from time to time.... And, really, since bitcoin remains so volatile, there seem to be a large frequency of "bigger" swings, especially in recent times (the past few weeks).

Also, I am not sure whether I have the patience of Adam, when we were in the upper $300s, and you kept calling $330 etc etc... and really at the time, $330 seemed to be "pie in the sky" thinking.

[peonminer]

Just dump it all back to 240 where we had real support and get this damn weekend over early.

[JayJuanGee]

it's a slooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooow  day BTC

Every day is slow, until





BAMM!!!!!!

[abercrombie]

is crypto done?? 

[peonminer]

is crypto done??  

BTCitcoin has a case of ED

it's a slooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooow  day BTC

Every day is slow, until





BAMM!!!!!!

[adamstgBit]

is crypto done?? 

no but you seem to be.
bye bye!

[Gyrsur]

is crypto done?? 

[ChartBuddy]

Coin

Explanation

[peonminer]

So when we get to 200 do we do This Is 200 memes?

[Lituation]

Price is stuck between 320-330. It will break one way, now guess which one.

[GGALINff]

[Dotto]

Half of the time I try to draw lines in BTCWisdom it doesn´t work.

-Clicked the draw line tool?. Confirmed.
-Refersh the page? Confirmed, confirmed.

Im using chrome on windows, somebody knows how to solve it?

[Tzupy]

[adamstgBit]

i didn't expect 500 but it happened, my speculations was it would form a local top the day of the auction, correct, and then keep fucking choo chooing along. we can clearly see the correction and a solid attempt at catching the bottom, pretty sure it's time to keep choo chooing along. poeple seem preoccupied with the question will it correct all the way back down into the high 200's??, pretty irrelevant question in the long term. the inevitable return to choo choo treading is set to go past 500, regardless of how deep the correction was. IMO buy now or die get left behind.

[billyjoeallen]

Gold became the world standard because it was more TRANSPORTABLE than silver or other alternatives for a given value. Small blocks specifically and a lower network capacity generally make bitcoin less transportable.

Gold is less transportable than dollars and is losing value relative to dollars. Transportability matters. Transaction capacity matters.  

Gold became a reserve currency for that reason.  Silver was ever the dominant transaction currency for the opposite reason.

Silver is very interesting to me, as is platinum.  PMs should bottom between today and next Tuesday.  This is a deep extension of a pattern which should have reversed earlier this week, but did not.  My monkey is much better with PMs than with crypto.  He claims that PMs will make a significant move up over the next two weeks, as a minor correction to a major downtrend lasting until at least late December.  Since this coincides with my fundamental view that gold is doomed with the oil glut - Saudis can't afford gold; wheat is their new gold - but I am not a buyer of wheat until late next week - and only seasonal fuel oil demand or an international political change can interrupt that, I am very much inclined to bet with the monkey on this one.

In the long run, industrial uses of silver and platinum give them a natural floor of support which gold lacks.  Moreover, declining copper prices mean declining copper mining, which implies less silver on the market.  (Silver/platinum is mostly a side-product of copper/gold mining.)

nope, it's https://en.wikipedia.org/wiki/Gresham%27s_law bad money driving out good. Bimetallism was not two currencies competing. It was price control. Now silver is better thangold  for microtransactions, because it is easier to transact in small values, but that is not an issue when a unit is divisible by 100,000,000. 

I don't have a problem with using an altcoin for microtransactions or using side chains to reduce blockchain bloat, but that shouldn't be an issue for at least a few orders of magnitude.  I can download the whole chain on my phone now for crying out lout.

[Fatman3001]

                                     "Snignygnygny!!!!"

[GGALINff]

sold GBTC @ 45.40    to buy underlying @ 328

[ImI]

fyp

choose the correct gif!

[troleybüs]

i didn't expect 500 but it happened, my speculations was it would form a local top the day of the auction, correct, and then keep fucking choo chooing along. we can clearly see the correction and a solid attempt at catching the bottom, pretty sure it's time to keep choo chooing along. poeple seem preoccupied with the question will it correct all the way back down into the high 200's??, pretty irrelevant question in the long term. the inevitable return to choo choo treading is set to go past 500, regardless of how deep the correction was. IMO buy now or die get left behind.

Exactly, if you are a long-term trader or you want to hold until the bigger pump. I'm not an expert in trading but I can clearly see that if you hold long enough your losing chance against national currencies is zero.