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

[Cassius]

Rasmussen polling accidentally releases report showing landslide Trump victory:

ooh boy we are in for a ride

It's a bit of an outlier...
Given the state of the majority of the polls, it will be a real surprise if Trump gets it now. (Of course, the polls and the election and the media and the markets are all rigged!)

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[1715147638]

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[mymenace]

Only chaos is actually good for BTC

But not too much!
Banks should function properly to allow fiat flow into bitcoin in an orderly fashion.

this...  Banks should function properly

Banks do function properly, they ensure governments pay interest on all money created.

They ensure interest rates are at the optimal rate to create profit

lower interest rates, increase assets

assets decrease, higher interest rates

and round and round it goes

[DonQuijote]

Any candidate in usa has supported bitcoin?

[Torque]

Any candidate in usa has supported bitcoin?

https://www.johnsonweld.com/bitpay

[podyx]

Does anybody know how elections affect the forex market? Does it bring big volatility?

I have open orders, not sure if I should close them or keep them open.

[Cassius]

Does anybody know how elections affect the forex market? Does it bring big volatility?

I have open orders, not sure if I should close them or keep them open.

Markets are flat right now, waiting for more information. When more information materialises, there could be big movements. Trade accordingly.

[rich93]

Does anybody know how elections affect the forex market? Does it bring big volatility?

I have open orders, not sure if I should close them or keep them open.

Markets are flat right now, waiting for more information. When more information materialises, there could be big movements. Trade accordingly.

I don't think it will have much affect unless either party announces they are banning Bitcoin. At least one of the republicans was taking donations in Bitcoin, so a republican ban's unlikely. The democrats like blockchain tech so they are unlikely to ban it too.

[TERA]

All governments hate Bitcoin (the public chain). They are only pretending to be complacent or supportive of it, to keep us off guard and get a foot in the door and get Intel.  Meanwhile behind the scenes they are secretly working on breaking it like the Enigma machine and are devising laws against it. Clinton vs Trump doesn't really make a difference, especially if it's China who breaks the code.

[rich93]

All governments hate Bitcoin (the public chain). They are only pretending to be complacent or supportive of it, to keep us off guard and get a foot in the door and get Intel.  Meanwhile behind the scenes they are secretly working on breaking it like the Enigma machine and are devising laws against it. Clinton vs Trump doesn't really make a difference, especially if it's China who breaks the code.

China doesn't want to break the code, it has a surplus of electricity it can't use from hydroelectric dams and such like. It's using that cheap electric to mine Bitcoins which get dumped abroad. Bitcoin is subsidizing all those giant electricity generating state projects, it's helping to pay their startup costs.

[TERA]

All governments hate Bitcoin (the public chain). They are only pretending to be complacent or supportive of it, to keep us off guard and get a foot in the door and get Intel.  Meanwhile behind the scenes they are secretly working on breaking it like the Enigma machine and are devising laws against it. Clinton vs Trump doesn't really make a difference, especially if it's China who breaks the code.

China doesn't want to break the code, it has a surplus of electricity it can't use from hydroelectric dams and such like. It's using that cheap electric to mine Bitcoins which get dumped abroad. Bitcoin is subsidizing all those giant electricity generating state projects, it's helping to pay their startup costs.

I don't think the Chinese government is involved in mining Bitcoin and the amount of money to be made by mining is very insignificant, compared the country at large and theoretical threat of Bitcoin to capItal controls, surveillance, and the economy if it were to become larger

[rich93]

All governments hate Bitcoin (the public chain). They are only pretending to be complacent or supportive of it, to keep us off guard and get a foot in the door and get Intel.  Meanwhile behind the scenes they are secretly working on breaking it like the Enigma machine and are devising laws against it. Clinton vs Trump doesn't really make a difference, especially if it's China who breaks the code.

China doesn't want to break the code, it has a surplus of electricity it can't use from hydroelectric dams and such like. It's using that cheap electric to mine Bitcoins which get dumped abroad. Bitcoin is subsidizing all those giant electricity generating state projects, it's helping to pay their startup costs.

I don't think the Chinese government is involved in mining Bitcoin and the amount of money to be made by mining is very insignificant, compared the country at large and theoretical threat of Bitcoin to capItal controls, surveillance, and the economy if it were to become larger

But a significant fraction of the miners are in China, and they all pay tax to the Chinese government. They also spend most of the money they get from mining on the Chinese government's cheap electricity. All the money they get from dumping Bitcoins abroad probably gets sent straight back to China to pay their electricity bills with.

[Ted E. Bare]

I can't wait for bitcoin to start trading in the 800's. That will be a first time for me in my bitcoin adventure.

It seems as if the price has already stabilized in the $700-range.

[molecular]

It seems as if the price has already stabilized in the $700-range.

Bitcoin price never "stabilizes" for long. It's just taking a breath, loading up the spring

[criptix]

All governments hate Bitcoin (the public chain). They are only pretending to be complacent or supportive of it, to keep us off guard and get a foot in the door and get Intel.  Meanwhile behind the scenes they are secretly working on breaking it like the Enigma machine and are devising laws against it. Clinton vs Trump doesn't really make a difference, especially if it's China who breaks the code.

China doesn't want to break the code, it has a surplus of electricity it can't use from hydroelectric dams and such like. It's using that cheap electric to mine Bitcoins which get dumped abroad. Bitcoin is subsidizing all those giant electricity generating state projects, it's helping to pay their startup costs.

I don't think the Chinese government is involved in mining Bitcoin and the amount of money to be made by mining is very insignificant, compared the country at large and theoretical threat of Bitcoin to capItal controls, surveillance, and the economy if it were to become larger

But a significant fraction of the miners are in China, and they all pay tax to the Chinese government. They also spend most of the money they get from mining on the Chinese government's cheap electricity. All the money they get from dumping Bitcoins abroad probably gets sent straight back to China to pay their electricity bills with.

Let me explain it:

Chinas GDP: 11+ trillion

Bitcoin marketcap: <12 billion


Edit

Hillary down bitcoin up it is!

[Killerpotleaf]

Trump is winning start buying boys!

[ImI]

BTC seems paralyzed, seems like BTC doesnt like trumpy

[spooderman]

I can't wait for bitcoin to start trading in the 800's. That will be a first time for me in my bitcoin adventure.

It seems as if the price has already stabilized in the $700-range.

really? i think people may be waiting for a....rather significant world event to transpire before making any trading decisions.

Trump is winning start buying boys!

california dude.

[criptix]

I can't wait for bitcoin to start trading in the 800's. That will be a first time for me in my bitcoin adventure.

It seems as if the price has already stabilized in the $700-range.

really? i think people may be waiting for a....rather significant world event to transpire before making any trading decisions.

Trump is winning start buying boys!

california dude.

It seems he got florida.
This is gonna get hard for hillary. Need more popcorn and coffee 

[ImI]

crazy 

[hv_]

Due to BBC Trump in front.

USD and oil down sharply

Gold, Yen and Euro up...

Bitcoin?