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

[Elwar]

Rate hike could affect Bitcoin in 3 different ways.

1. They raise the rate by .25 as predicted and the market reacts with worry, fear, etc. and the US economy takes a hit. This would leave investors fleeing to gold and bitcoin. Bitcoin price goes up.

2. They raise the rate by .25 as predicted and the market is happy. It is likely that the current uptrend factored in #1 happening so those that were protecting their investments will move back out of bitcoin and the price will go down.

3. They raise the rate by .25 as predicted and it sends a signal that the dollar is strong vs the euro. The dollar goes up sending the bitcoin price in other currencies up while USD bitcoin price stays fairly steady.


No rate hike and there will be panic. The dollar will go down and the bitcoin price will go up.

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[aztecminer]

[JayJuanGee]

ew will back to $1000 soon
this is just the intermezzo  

the price comeback to 3000yuan some minutes ago
i think more whales come to accumulation in bitcoin trade  

I'm almost certain we're not going to see $1000 this coming year.

Willing to bet on that?

Ooh now we're talking, a real futures contract.. How about, I agree to sell you bitcoin(s) @ today's prices ~ $450 if BTC hits $1000 sometime in 2016.

If it doesn't hit $1000 by Dec 31st 2016, then you buy the same amount of Bitcoin from me for $1000 each

That's a great bet, and it would likely be determined before the end of 2016... hahahahahaha
     

[rokkyroad]

Negative interest rates are the new thing. Perhaps the announcement will surprise.

[JayJuanGee]

Anyone who are more into bitcoin than me, could you please share some insight about how we will do in the coming days?

Will we go down from here or up?

To get good advice, you would need an answer from someone smart and honest. Without being here a while, you don't know who that is, so you'll be getting advice people talking their book and people trying to trick you into giving them your fiat or coins.  

Free advice is worth what you pay for it.

hahahahaha

BjA.... youve been making a lot of really good points today... not all, but a lot.  

[spooderman]

The network is already a tiny bit slower with the difficulty hike.  

? really?

scaling problem

you do understand that eventually miners are going to need money from people transacting, not just block rewards right? next year they become twice as dependent on this... it's an element of bitcoin. and it's not fatal. how else do you keep a blockchain healthy?

[JimboToronto]

Good morning Bitcoinland. Exciting rollercoaster overnight I see.

Net result: Not much change, still scrapping around $460.

Nothing for long-term holders. I hope some speculators made a bit on the $30 price swing. Then again for everyone who made a profit, someone else took a loss, except the exchanges of course.

$400 fades deeper into the past.

[Vahnt]

836 coin market dump in one shot

fat finger?

[hd060053]

836 coin market dump in one shot

fat finger?

nice useless dump on stamp, china and finxex not following

[adamstgBit]

good support, bulls will be bulls! buy buy buy!  

[Divitiae miserae]

Bitfinex has been leading the dump. If the price goes again below $450 things might get interesting; let's see if the teddybears manage to excite a whale.

[billyjoeallen]

The network is already a tiny bit slower with the difficulty hike.  

? really?

scaling problem

you do understand that eventually miners are going to need money from people transacting, not just block rewards right? next year they become twice as dependent on this... it's an element of bitcoin. and it's not fatal. how else do you keep a blockchain healthy?

Yes, I understand that. We just disagree on how soon that has to happen. If smallblockers get too greedy, WE won't have the adoption rate to sustain the miners when the reward goes away. 
Miner reward= (block reward +xaction fees)* exchange rate.

With a high exchange rate relative to the last six months, the developers have little incentive to address the scaling issue seriously. I have no indication that either blocksize or another scaling solution will be implemented before blocks fill up, fees spike, xaction confirmation times slow down and all this will be effected in the exchange rate. 

Then there are all sorts of other issues with unknown outcomes and I think that this uncertainty hasn't been priced in adequately. I could be wrong, so don't take this as gospel. Time will tell.

[ChartBuddy]

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Explanation

[Fatman3001]

The network is already a tiny bit slower with the difficulty hike.  

? really?

scaling problem

you do understand that eventually miners are going to need money from people transacting, not just block rewards right? next year they become twice as dependent on this... it's an element of bitcoin. and it's not fatal. how else do you keep a blockchain healthy?

Everyone knows the halving is coming. There is no point in subsidizing miners who can't do some simple math. By the time fees are paying for network security we'll need more users making payments and paying fees. Radically higher fees before that point carries a lot of risk.

[dloghwak]

Will we go down from here or up?

Yes

Very funny answer. Yes to what more exactly? Up or down? I guess it's not something you could answer tho..

Yes to no one knows?

[peonminer]

http://fortune.com/2015/12/16/feds-rate-hit-you/

In one of the worst kept secrets in economic history, the Federal Reserve is expected to officially increasing its benchmark interest rate to 0.25% on Wednesday. Martin Hochstein of Allianz Global Investors estimates that investors believe that the Fed will eventually raise the interest rate to 1.2% by 2017. But according to the Fed’s economic projections, rates are likely to reach 2.6% by 2017. Historically speaking, though, Hochstein found that analysts underestimated the last three rate hike cycles. So that 1.4 percentage point difference is a “huge gap that could start some troubles,” added Hochstein.

http://www.ustream.tv/federalreserve




Assets and Liabilities of Commercial Banks in the United States (Weekly) - H.8 - Release Date: December 11, 2015
http://www.federalreserve.gov/releases/h8/current/default.htm




The FED is in worse shape than we thought. Looks like the FED is on a famous down hill Jamaican bobsled team. FED is well on its way to finishing at the bottom first.

[Divitiae miserae]

Wedge end is closing in (UTC+1).

[TERA]

Lol @ 1K -5K being a "major dump".

[ChartBuddy]

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Explanation

[Divitiae miserae]

RIP bulls.