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

[aztecminer]

all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:



"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/

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[aztecminer]

sold out bulls still waiting for 2XX coins will be sitting here twiddling thumbs at 450 waiting for 3XX coins ... same old, same old ( I used to be one of those guys and it sucks)

nope.. that money is going into metals. i wont buy above 300. too risky ..

So, what do you think will plummet if we get e rerun of 2008, only this time China is joining?

what do you mean?? if bitcoin goes up .. i'm covered. insurance policy... i got coins in cold storage. i might be done buying bitcoins altogether. i'm not trading bitcoins anymore cuz i dont have any to trade and i am absolutely refusing to buy at higher than 300.. period. i'll buy metals. u dont give a dam then i don't give a dam. i am much more confident buying metals than bitcoins. i think end game the metals are going to be worth a lot more than bitcoin crypto-digits. china is buying more metals than cryptos for sure.

That's my point. But if the brakes are on for real in China, they'll consume less metal. A lot less.

i'm not talking about consumers... lol. china, the govy, is buying up the gold.

[ChartBuddy]

Coin



Explanation

[peonminer]

5AM in Hong Kong . . . shouldn't be long now until the spike upwards.

short to mid-term hat on

Anyone else thinking ~$380 re-test on the horizon if ~410 doesn't hold?

short to mid-term hat off

Maybe. I'm going to be on guard this afternoon when China wakes up. They gonna love them cheap coins.

This. Give it 2-4 hours and we are back @$420+. Teh b0tz0rz are on their profit pattern. They just let the ball drop over their night time to squeeze out the sleeping longs. When the city wakes, the pump will continue with a vengeance.



They've come this far, and let floors be built for extended periods of time. This train isn't turning around any time soon.

Local Bitcoins transactions chart for Hong Kong:

They are not playing games with this pump. Willybot v2.1 is already building their floor @$420.00 right now.

Sorry bears, close those shorts while you still can make a few bucks. We should bounce around here for a few hours until the pump resumes.

micro 1Min chart



macro 1Min chart

[Fatman3001]

i'm not talking about consumers... lol. china, the govy, is buying up the gold.

I'm sorry, I thought you were talking about metals in general.

[marcus_of_augustus]

all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/

bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can

[aztecminer]

all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/

bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can

i disagree... bitcoin is valued in fiat currency. when fiat currency collapses what will bitcoin be valued in ?? 1 bitcoin will equal what ??

greece was still able to value their bitcoins in usd and euros.

[aztecminer]

i'm not talking about consumers... lol. china, the govy, is buying up the gold.

I'm sorry, I thought you were talking about metals in general.

i mostly am talking about gold and silver.

[dloghwak]

all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/

bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can

i disagree... bitcoin is valued in fiat currency. when fiat currency collapses what will bitcoin be valued in ?? 1 bitcoin will equal what ??

greece was still able to value their bitcoins in usd and euros. that will not be the case in the currency collapses.

So you assume that all fiat currencies collapse at the same time? I doubt it.
Fiat currencies collapsed in the past and they got replaced by - surprise - fiat currencies.

[chesthing]

all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/

bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can

i disagree... bitcoin is valued in fiat currency. when fiat currency collapses what will bitcoin be valued in ?? 1 bitcoin will equal what ??

greece was still able to value their bitcoins in usd and euros.

It will continue to be valued in fiat, just at different price levels. Or are you really crazy enough to believe usd and euro could go to zero?!

[oda.krell]

It will continue to be valued in fiat, just at different price levels. Or are you really crazy enough to believe usd and euro could go to zero?!

... he asked rhetorically, despite being here long enough to know that a key demographic of this forum believes exactly that.

[jbreher]

5:15AM in Hong Kong . . . shouldn't be long now.

..b-but everything you post below seems to indicate that we *should* be long.

[peonminer]

Shouldn't be long until the spike up, I should've specified. LOL I'll edit the post so as not to confuse people.

[JayJuanGee]

Monkey vision:  Drop towards 390 support intraday, rising trend to continue thereafter on a daily basis, and over the weekend.

You know this is wrong

Monkey needs some fucking glasses.   

[Alley]

220,000 transactions in last 24 hours.  To me this is the real indicator bitcoin is going mainstream.

[jbreher]

I believe that you have kind of answered your question in a couple of places by asserting that you don't really know if the points that you raised are issues are not.

Well, I don't think it answers any questions. Though I agree with what your point seems to be - that we should not automatically assume this is broken.

However, if one embraces (what I perceive to be) the key tenets of Bitcoin -- trustlessness and decentralization -- then we _all_ have a duty to perform due diligence before accepting even a minor change, let alone one that so radically alters the allocation of responsibility as this.

I guess I am just advocating some judicious scrutiny of which of the pied pipers you choose to follow. For it seems that some of the loudest such have not even as of yet read the entire score.

[JayJuanGee]

all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/

bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can

i disagree... bitcoin is valued in fiat currency. when fiat currency collapses what will bitcoin be valued in ?? 1 bitcoin will equal what ??

greece was still able to value their bitcoins in usd and euros.

What kind of lame question is that?  Bitcoin is NOT pegged to anything.   

helrow?

 

Bitcoin is valued in whatever it is being traded against, doesn't matter what is the other asset, the trade value will float and will be determined at the time of the trade, if fiat collapses and it costs $1million to buy a loaf of bread, then perhaps bitcoin will be valued at $1million per 1 satoshi or something like that... .

Aztecminer, you seem smart enough to be able to extrapolate that various assets and/or currencies float in value against others and wouldn't really go completely to zero, unless there is completely no utility or value in the asset.

[chesthing]

If fiat does collapse to zero, I assure you the last thing on your mind will be bitcoin - it will be how the fuck am I going to survive this day?

[marcus_of_augustus]

all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/

bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can

i disagree... bitcoin is valued in fiat currency. when fiat currency collapses what will bitcoin be valued in ?? 1 bitcoin will equal what ??

greece was still able to value their bitcoins in usd and euros.

i'm not sure you understand fundamentals of money and relative values at all ... so probably worthless trying to argue with this level of derp (or troll hard to tell).

[Fatman3001]

If fiat does collapse to zero, I assure you the last thing on your mind will be bitcoin - it will be how the fuck am I going to survive this day?

Don't you read this thread at all?

These guyz have fiber to their fallout shelters.

And guns. Lots of them.