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

[ImI]

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

I think we will see a runup to 780$ in november. lets see.

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[spooderman]

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.

^^true

[strawbs]

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.

Yeah, I agree with you. Sorry, I should have said that the election won't have an immediate impact, as many here seem to think, in the same way that so many people were shouting that they expected an immediate impact due to halvening, which similarly failed to materialise overnight.

[yefi]

If you believe that a presidental election won't make a dent in the price of bitcoin you are in a dreamland of bitcoin as the only currency in the world and the "btc is all there is" type people's eyes only.

What the hell, blasphemer! Bitcoin non plus ultra!

[becoin]

Dollar cultists spreading FUD about best investment in 2016. Give me a break...

[criptix]

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.

The thing is most people dont realise obvious stuff like that.
7 years of bitcoin and there are still so much noobs around.

My conclusion:
There are enough noobs to atleast create one or two mega pumps.

The economic outlook longterm is still uncertain.

[JayJuanGee]

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.

Religion has no say in bitcoin (even if you are masking it with humor   Trumpville is going good & strong according to Michael Moore even though they are blind to what is currently going on in the world).

But some are strong devotees of bitcoin so you might say it has a religious like cult following.

Yes, for time to time, this theme of religion comes up in this thread regarding bullish beliefs about bitcoin, and it truly seems to be a denigrating and misplaced overgeneralization that attempts to lump bitcoin advocates into one camp, as if we were all of the same intensity regarding our beliefs about the future of bitcoin, which we should already recognize to be an attempt at spreading falsities.

[r0ach]

I keep hearing about the election effecting the price of Bitcoin but not which politician will effect the price in which direction

Woke up quick at about noon just thought that there might be a race war soon.  I gotta buy Bitcoin before the day begins before Hillary Clinton declares martial law and bitches about my alt-right friends. Walkin on the sidewalk I damn near went blind, young Bernie Sanders voters throwing up gang signs.  Ran in the house, grabbed a clip, with the AR15 on the side of my hip.  Decided to teach them a 30 round economics lesson, no habla engles was not the right answer to the question.  So I let the Alpine play, with make America great again by Trump W A, it was Pepe Pepe at the top of the list, then I left and went something like this.  Cruisin down the street lookin for the silver store, not derivatives, or shekels galore, went to the park to get the scoop, devil worshiping, child sex trafficking democrats out there cold shootin some hoops.

[JayJuanGee]

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.

My reading of history seems to vary a little bit from yours, and accordingly, I am not sure about what you mean in regards to the supposed Fed collapse fear existing in 2014..

If you recall late 2013, there was a fed government shut down that lasted about a month - it was actually a stand off that was much bigger than had occurred previously.  There was a denigration of the dollar and a considerable loss of confidence in the dollar that went along with that shut down and that stand off. 

In that same regards, there was a bit of turmoil in 2014; however, much of the fear about the stability of the feds was resolved with the reopening of the Feds in late 2013, and so by the time 2014, the path for the dollar was upwards.  In fact the dollar has been performing way above and beyond expectations for the totality of 2014 and 2015 and even into 2016, based on there has been no real alternative in which folks can invest (outside of dollar related assets), and yeah, it seems that currently the dollar is in a bubble?

And, certainly there is other stuff going on in the world, besides the performance of the dollar, but suggesting that there is going to be a systems wide failure, seems to be pie in the sky, and suggesting that bitcoin is correlated with traditional markets seems to be assuming system-wide failure, rather than the incrementalism that tends to happen. and in that regard, bitcoin does not seem to be exactly correlated to any existing asset, in part because of its paradigm shifting newness and room for growth, and also because it seems to be a different kind of asset that brings something new and different to the table (which is going to cause it to not be exactly correlated with variety of traditional assets, even if some of its performance may run parrallel to some asset classes from time to time). 

[JayJuanGee]

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.

I find it a little strange that folks who seem to be intelligent and to "know better" come into the thread and try to negatively particularize and to niche bitcoin users in such a denigrating way to attempt to argue (or at least infer) that bitcoin is some kind of "flash in the pan" when the facts of the matter show ongoing and increasing bitcoin developments.  Sure there has to be some truth to any propaganda story, but even if parts of the story is true that does not mean that the implications are true because such stories seem to purposefully have a negative and denigrating agenda in order to enforce, propagate and cause anti-bitcoin sentiments, etc..

[JayJuanGee]

Anyone use Bitcoinwisdom on a regular basis to watch live trade volume on various exchanges?

For more than 12 hours, they seem to be having problems with their API.  Any suggestions on a decent and comparable alternative site for watching live changes in trade volume?

[mixan]

If you believe that a presidental election won't make a dent in the price of bitcoin you are in a dreamland of bitcoin as the only currency in the world and the "btc is all there is" type people's eyes only.

What the hell, blasphemer! Bitcoin non plus ultra!

Non fanatic when it unperforms to the norm.

[chesthing]

The stock market went down on news of Hillary's fbi investigation at the same time the btc surge happened. When Hillary wins the stock market will go back up and btc will dump. I will quote myself next week when I'm right.

[spooderman]

The stock market went down on news of Hillary's fbi investigation at the same time the btc surge happened. When Hillary wins the stock market will go back up and btc will dump. I will quote myself next week when I'm right.

sounds fair

[sirazimuth]

regardless of who wins the election, it aint gonna effect bitcoin price,imo.
neither candidate knows or cares phuck all about bitcoin nor should they.
i just dont see simply even mentioning bitcoin as being a viable political asset at this point in time.
its just not "mainstream" enough if you will.

[ImI]

nothing to do with policy. just reaction to turmoil and instability.

if trump wins you will see a big drop on the financial markets and lots of uncertainty -> btc rises

if clinton wins we may very well see violent uprising in some states with nationalgard and everything -> btc rises

if we get a too close to call result we see weeks of chaos, accusations and eventually violence -> financial markets decline, btc rises

edit: last but not least the US has warned russia that if it interferes in any way in the US-election it will react with a painful counterreaction onto the russian infrastructure. if that happens -> btc rise

[DaRude]

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.

Ahhh that's the TERA i remember

[yefi]

Any suggestions on a decent and comparable alternative site for watching live changes in trade volume?

cryptowat.ch without a doubt. It's kept up-to-date with new exchanges and coins unlike Bitcoinwisdom. Only thing it lacks I think is a Houbi ticker.

[JayJuanGee]

Any suggestions on a decent and comparable alternative site for watching live changes in trade volume?

cryptowat.ch without a doubt. It's kept up-to-date with new exchanges and coins unlike Bitcoinwisdom. Only thing it lacks I think is a Houbi ticker.

Thanks.  I opened it up, and I will try it out for a while (at least while bitcoinwisdom remains down).  I am kind of used to the interface on bitcoinwisdom, but you never know, maybe I will get use to this different layout?

[ImI]

in europe everything fine with bitcoinwisdom