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

[JimboToronto]

this shit doesnt belong here.

This thread has always been a bit off-topic.

If politics is allowed, I guess sports and religion should be too.

What effect do you think the Cubs' WS victory will have on Bitcoin?

Or had? Maybe that was the real reason for Thursday's dip.

 

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[ImI]

To believe in hidden puppet masters that control all politicians is nothing else than some modern and hateful version of religion as there is zero evidence

One word: Rothschilds

One word: bullshit

[ImI]

I'm going to laugh when nothing happens to the price after the election.

Possible. But unlikely. 

[Chef Ramsay]

The US elections should be pretty irrelevant to what BTC does: The policies are typically unaffected by the puppets elected, no matter what they've promised.

Please spare us your religious views.

BTC is just another investment and will act like the rest of the market. When Hillary wins BTC might actually go down a tiny bit as the remote chance of Trump winning is finally removed. And if Trump wins all hell breaks loose 

EDIT: In very short time, when Hillary wins trump will most likely challenge the outcome, and Russia and other countries will jump on the opportunity to f*ck things up (i.e. go into Syria hard core)

All the battleground states are tied up and trending toward Trump as are states like MI and PA that haven't voted republican in decades. Market indicators (3 month decline in S&P preceding the election) gives Trump an 86% of winning. Check out the Drudge Report for further info.

[toknormal]

I can only say I agree with ImI on price predictions and disagree on puppetry.

[JimboToronto]

I'm going to laugh when nothing happens to the price after the election.

The price seems poised to go up anyway. I'll get my laughs when some people try to attribute the rise to the US election, whoever wins.

[TERA]

I would think Trump would be potentially negative for Bitcoin. Bitcoin might not be supported by a republican government. Trump might even ban in because it would interfere with his garnishing transfers to Mexico.

[Chef Ramsay]

I would think Trump would be potentially negative for Bitcoin. Bitcoin might not be supported by a republican government. Trump might even ban in because it would interfere with his garnishing transfers to Mexico.

Trump winning would allow the globalist scum to crater the international markets and blame him and the alt-right for it. Either way, safe havens will be needed for the market makers to flee to, so we should see continued growth on into the future. Global markets have no where else to turn but down.

[TERA]

Bitcoin is still not large and mature enough yet to be a safe haven. It's still a high tech science experiment mostly supported by the permissiveness of banks and governments. It is going to follow the markets - not go against them.

[Torque]

To believe in hidden puppet masters that control all politicians is nothing else than some modern and hateful version of religion as there is zero evidence

One word: Rothschilds

One word: bullshit

Neither theory can be proven beyond reasonable doubt, nor can it be controlled, so it hardly matters.

But just calling "bullshit" on everything is just sticking one's head-in-the-sand, which is *exactly* what's wrong with society today, and why Average Joes will continually get screwed over until their eyes are truly opened.

The Controlling Power Elite will always, always, privatize successes and socialize losses. This is a fact, and is why the rich get richer and the poor get poorer.

[Chef Ramsay]

Bitcoin is still not large and mature enough yet to be a safe haven. It's still a high tech science experiment mostly supported by the permissiveness of banks and governments. It is going to follow the markets - not go against them.

The S&P has been sliding for 3 months while bitcoin has been rallying. This finite asset class has plenty of room to grow while most others are based on fiat debt and counterfeiting aka money printing by central banks. Current markets would've been dead long ago were it not for the Fed printing money and sending it to wall street so they can buy back and inflate their share prices. It sure ain't mom and pop buying this garbage.

[TERA]

Ok then there is not a very strong relationship between the stock market and Bitcoin. However, if the world goes into turmoil it is certainly not going to help Bitcoin. It is going to crash with everything else. Also there was more fear of a fed collapse in 2014 than there is now.

[Torque]

Ok then there is not a very strong relationship between the stock market and Bitcoin. However, if the world goes into turmoil it is certainly not going to help Bitcoin. It is going to crash with everything else.

Certainly could. But look at Gold... it went down along with equities at first in 2008.... then bounced and proceeded to go on the biggest bull run it had seen in decades, all while the stock market continued to flounder.

Could Bitcoin do the same?

[mixan]

this shit doesnt belong here.

This thread has always been a bit off-topic.

If politics is allowed, I guess sports and religion should be too.

What effect do you think the Cubs' WS victory will have on Bitcoin?

Or had? Maybe that was the real reason for Thursday's dip.

 

What is funny is that ImI did not reply to you but the other two posts.
Your shit is not good enough for him to even garner a reply.

[strawbs]

Bitcoin is still not large and mature enough yet to be a safe haven. It's still a high tech science experiment mostly supported by the permissiveness of banks and governments. It is going to follow the markets - not go against them.

I wish more people here would realise this. When has btc ever shown any signs of acting as if it were a safe haven? Outside of these forums, basement dwellers and tech nerds, hardly anyone even knows what btc is. They might have heard of it once or twice. Wall Street is hardly likely to suddenly flock to crypto.

The US election result will probably have about as much impact on btc price as the much awaited halvening a few months ago - nil.

[European Central Bank]

I wish more people here would realise this. When has btc ever shown any signs of acting as if it were a safe haven? Outside of these forums, basement dwellers and tech nerds, hardly anyone even knows what btc is. They might have heard of it once or twice. Wall Street is hardly likely to suddenly flock to crypto.

The US election result will probably have about as much impact on btc price as the much awaited halvening a few months ago - nil.

of course it ain't. you'd have to be pathetically deluded to think otherwise. but the perception of it is enough to initiate a pump from the same old suspects. i'll guess hardly any cypriots or greeks put one cent towards bitcoin but the idea of it was enough for existing users to have some fun.

[ImI]

The US election result will probably have about as much impact on btc price as the much awaited halvening a few months ago - nil.

Who said that the recent runup isn't caused by the halvening? The effect of the halvening is having a small but constant shortened supply that sums up over time. Obv we will never know but to rule it out just because at the day of the halvening iwe saw no spike is simply wrong. Cause if we could witness any effect it would play out in the MONTHS after the halvening. So exactly NOW. Just like 2012/13.

[DaRude]

Bitcoin is still not large and mature enough yet to be a safe haven. It's still a high tech science experiment mostly supported by the permissiveness of banks and governments. It is going to follow the markets - not go against them.

I wish more people here would realise this. When has btc ever shown any signs of acting as if it were a safe haven? Outside of these forums, basement dwellers and tech nerds, hardly anyone even knows what btc is. They might have heard of it once or twice. Wall Street is hardly likely to suddenly flock to crypto.

The US election result will probably have about as much impact on btc price as the much awaited halvening a few months ago - nil.

It's not a safe heaven asset per se, but the assertion that it could be, the publicity, and coverage that it gets as such in itself turns things bullish. Like the haircuts at Cyprus, doubt many Cypriots turned to BTC but the coverage that BTC got woke up some minds to its potential.

[TERA]

The tech nerds have all contributed a negative amount of money towards bitcoin E.G. they got bitcoin very cheap and dumped most of them at a high price, making money for themselves. The people who are buying Bitcoin now are the friends and relatives of the tech nerds as well as some investors and fintech startups who are betting on a proliferation of Bitcoin within the existing system of banking and commerce, and traders playing the rally. One of the best uses of Bitcoin is to have them on Poloniex to trade altcoins.

[LFC_Bitcoin]

I think we are set to have a period of stability in the price for a while. Sideways throughout November I believe.