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

[Spaceman_Spiff]

But I think you are not taking into account that if they go from dash to btc and then into fiat that's a zero sum. I mean, if during a week ALL of dash went to btc and then into fiat, the end result would be no change in BTC price (not for the usage of BTC as a way out to fiat).

I don't think so, because the trade that would have influenced BTC/USD in a positive way has already been concluded when the user bought BTC for USD to buy Dash. The Dash/BTC trade does not really affect BTC/USD. The "cycle" of a "random Dash bubble speculator" could be described as follows:

1) User buys BTC for USD (before the Dash bubble).
Impact on BTC/USD: Positive. Impact on BTC/Dash: None.
2) User buys Dash for BTC (before the Dash bubble).
Impact on BTC/USD: Almost none.* Impact on BTC/Dash: Negative (Bitcoin going down, Dash up)
3) User sells Dash for BTC (after the Dash bubble).
Impact on BTC/USD: Almost none.* Impact on BTC/Dash: Positive (Bitcoin going up, Dash down)
4) User sells BTC for USD (after the Dash bubble):
Impact on BTC/USD: Negative. Impact on BTC/Dash: None.

We are talking about steps 3 and 4, as 1 and 2 are already realized before the bubble, so the negative impact on the price could be significant.

*There could be a minimal effect because of arbitrage via Dash/USD exchanges. But as BTC/USD market is much more important than BTC/Dash, impact on BTC/USD should be very limited.

Nice and clear write-up.

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[Spaceman_Spiff]

edit: civil war needs to stop.

I would love for the civil war to stop, but so far it seems like things keep escalating....

[yefi]

So BU apparently had two remote crash vulnerabilities. It astounds me that some people are so eager to run this code. I guess when you're shelded from the economical consequences, it is easy to nonchalantly wave it off.

[h3speros]

weekly bar has closed inside the bollinger bands standard deviations, check how many times in the history we have not gone down more after the first dump: 1 and 6 times we have closed inside and gone deeper in coming weeks

weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen

drop to new lower lows is the most likely option, but if we are not doing that then the next likely option is that we triangle for at least a month, probably two, like we did the 1 time that we didnt do lower lows after we closed inside weekly BB

alts are going up, money will start to flow there while bitcoin drops or corrects for awhile

[simmo77]

<snip bearish "TA">

weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen

You lose all credibility not knowing the difference between brake and break.

[Meuh6879]

"Buy, Mortimer ! Buy !"

[h3speros]

<snip bearish "TA">

weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen

You lose all credibility not knowing the difference between brake and break.

lol, im not a native english speaker, doesnt mean i dont know TA, your argument is stupid

[york780]

You are right, we go down. Dont know where it ends, i think 1050 EUR will be the bottom.

[becoin]

edit: civil war needs to stop.

I would love for the civil war to stop, but so far it seems like things keep escalating....

There is no civil war. There are some government actors planted in bitcoin ecosystem that do everything they can to generate noise and prevent accelerated bitcoin adoption.

[gentlemand]

There is no civil war. There are some government actors planted in bitcoin ecosystem that do everything they can to generate noise and prevent accelerated bitcoin adoption.

Well, even if that is the case they've stoked enough 'real' people to get frenzied enough to get behind them.

[becoin]

There is no civil war. There are some government actors planted in bitcoin ecosystem that do everything they can to generate noise and prevent accelerated bitcoin adoption.

Well, even if that is the case they've stoked enough 'real' people to get frenzied enough to get behind them.

Those "real" people all have vested interest in altcoins that count on bitcoin crash to cause their sh!tcoins appreciate.

[madmat]

"Buy, Mortimer ! Buy !"

What is this website, and what indicator is it ?

[york780]

www.cryptowatch.com , thank me later 

[manselr]

The graph was looking good, TA is pretty useless once again. Fundamentals also good since BUchina is dead after the bug disaster. This selloff makes no sense, it is either a whale taking profits or random panic selling.

[K~Ehleyr]

So how far will the price keep wilting?  This slow decline feels worse than the rapid New Year plummet!

[Denker]

The graph was looking good, TA is pretty useless once again. Fundamentals also good since BUchina is dead after the bug disaster. This selloff makes no sense, it is either a whale taking profits or random panic selling.

Nah I believe it is more of another coordinated attack and domino effect.
Ver and his minions where making crazy noises and chanting over each platform how much BUshit were progressing and so on.
Then we saw a massive increase of 3-4 alts and Bitcoin tried to keep it's range.Now we start slowly losing a bit in price because some people may become weak hands now and give up.Another reason is that lot of shills and shitcoin pumpers are spreading their bs of how much market dominance BTC has allegedly lost. We all know it's just a snapshot in time and happened before.Imo no big deal.
Calm as f*** here!

EDIT: another reason could be that Bitcoin wasn't tanking as much as expected after the ETF rejection.And now some big fish try to figure out some other ways to push down BTC's price.Alts may be a tool for that. We know how that game works.At least the ones who are here for a few years now.

[Arcteryx]

There is no civil war. There are some government actors planted in bitcoin ecosystem that do everything they can to generate noise and prevent accelerated bitcoin adoption.

Well, even if that is the case they've stoked enough 'real' people to get frenzied enough to get behind them.

Those "real" people all have vested interest in altcoins that count on bitcoin crash to cause their sh!tcoins appreciate.

Civil war as in the blockchain and bitcoin unlimited, war between these two will not end well.
The only casualty will be the ones whom are using them being the bitcoin users.

Altcoins appreciating while the price of bitcoin is usual and an anomaly on it's own to be looked into to find out why it's happening all the sudden.

[minero1]

www.cryptowatch.com , thank me later 

Site can not be connected to.
Link does not work.

[york780]

My bad , this is the correct link : https://cryptowat.ch/bitfinex/btcusd/1m

[Stringer Bell]

edit: civil war needs to stop.

I would love for the civil war to stop, but so far it seems like things keep escalating....

There is no civil war. There are some government actors planted in bitcoin ecosystem that do everything they can to generate noise and prevent accelerated bitcoin adoption.

The bad actors have created the fake civil war on purpose. It's about 20% real.

Bitcoin XT and Mike Hearn, Bitcoin Classic and Gavin, Bitcoin Unlimited and Roger Ver.

Three attempts to take-over development with a woefully inadequate support from programmers. Each attack has failed on technical measures before even fooling enough people. Each time they spun up fake nodes on VPS's to mimic support.

The three characters above were once great assets to the Bitcoin community but have become compromised, blackmail, payments or who knows what - but they are being led around by the balls, or truly idiots.