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

[JayJuanGee]

I don't see any connection either way.  Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt.  Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.

Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014.

So did the Bitcoin market.

Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018.

So did the Bitcoin market.

If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb.

I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along.

you made me look at the charts for gringo stock market and you seem to be quite wrong

Exactly.... most of the correlation, to the extent that it could exist in some kind of way, is coincidental, more than anything.

Bitcoin is a quite different asset class, and so immature that it is going to take a long while for the correlation dynamics (to the extent that they might exist short term) to get worked out.

When an asset, such as bitcoin, is in the very early stages of adoption and likely at the bottom of the hockey stick, you are not going to find too many assets in that same stage of development and adoption.

Technicals work on the short term and looking in retrospect, but with bitcoin you also have to consider the fundamentals that continue to keep the underlying hockey stick that sometimes is difficult to see in the short term and while we are in the midst of it... but the fundamentals are going to drive the technicals beyond the little categories and boxes in which they try to short term predict bitcoin's imminent downfall that never seems to actually happen because of the underlying and unseen hockey stick - that only some peeps can appreciate such invisible hockey stick for being present.   

[jojo69]

impressive

fact

irrefutable

[xhomerx10]

@ mic - Maybe this?

on a complete RED hat would be very VERY VERY tight ......   but maybe in avatar size its not gonna be very clear..... small letters.

maybe something like these 

Any would be cool!
Looks like I’m going to have to join the hat club

 Hopefully I chose wisely.



 Avatar-sized



 Oh my eyes!  Everything is all stripy green now.

[yefi]

You could bodge it and use blurred enlarged avatar images like this one.

Bodge a hat?! Homer's no bodger, the man needs to be given quality material to work with. That's like giving a blacksmith iron ingots and wanting daedric armour in return.

[nanobtc]

A while back, there was the idea being thrown around of a WO Vegas party to celebrate $100K.  Instead, we could all just meet up wearing our avatar hats and drop acid. What could go wrong?

Several whiles back in 2013, there was a highly anticipated $1k party planned here. I could not attend, it sounds like it fell through.

Good to see a (very) few of the guest-list still here, though. I guess the original potential attendees got rich, and faded away. I miss rpietila, perhaps he just faded away. I did not know him, and I know others had problems with him.

[LFC_Bitcoin]

@ mic - Maybe this?

on a complete RED hat would be very VERY VERY tight ......   but maybe in avatar size its not gonna be very clear..... small letters.

maybe something like these  

Any would be cool!
Looks like I’m going to have to join the hat club

 Hopefully I chose wisely.



 Avatar-sized



 Oh my eyes!  Everything is all stripy green now.

Awesome!
Will wear it when my sig campaign ends Monday. Sent you 4 Merits!

[savetherainforest]

this thread is giving me hat envy.  

Hat envy ? Or get quick merit desire?  
“Booze still talking and thinking”

Sry for being too lazy to search google... but... What is "merit" good for??

1.theymos' self esteem
2.you need it to rank up, eg from hero to legendary, maybe get a better gig on your sig
3.circle jerking
4.pointing out good posts

5. Promoting lulz

This all sounds like a nice pyramid scheme! When do we get to dump & pump merits on some exchange?

And thx for the insight!

[xhomerx10]

All you know and love, The fundamental building blocks you are made of, are popping in and out of existence all the time. Can you imagine that? Sometimes you exist, sometimes you don't. In fact, the entire universe just popped into existence. It should have popped out again, but for some reason we don't know yet, there was an imbalance between matter and antimatter. Matter and antimatter should have canceled each other out. But here we are, living in a world that is expanding faster and faster. What happens when the expansion starts slowing down? Or stops? You are the universe observing itself and asking these questions.


OK I am freaking out. Gunna go clean the bathroom. When you guys drop acid do your fingertips get cold too?

What was before the universe popped into existence? Where did the matter and dark matter come from? Can there be life made of dark matter, where matter is the "mysterious" one? I doubt things are really over with us expanding into oblivion, where protons, neutrons and electrons never meet again, there might be just a new start, maybe in a totally different way. I also doubt that water only is the single source of life like mainstream science suggests, there might be endless possibilities. One thing is for sure, universe is full of life. Brain goes on fire thinking of that subject, guess it's too much to cope with.

The whole body seems to get a bit colder when dropping acid, that might be just due to overall rise in sensitivity. Good to know there are some other psychonauts around here

A while back, there was the idea being thrown around of a WO Vegas party to celebrate $100K.  Instead, we could all just meet up wearing our avatar hats and drop acid. What could go wrong?

The heads in this forum united together on acid? It might be even more revolutionary than Bitcoin itself. The hats would probably give an extra brain boost

 ...and this one looks like a trip



Avatar-sized



 The detail in the face doesn't show too well in the avatar version but I'll let you decide.

[AlcoHoDL]

Carolina definitely needs a hat much like xhomerx10 needs a beer



 Avatar-sized

Awesome! Already wearing it with pride.



On me.

[xhomerx10 added to Merit Queue]

[Hueristic]

 

Avatar sized

 

PERFECT!!!

Omg that’s hilarious

Fucking Awesome.

https://i.imgur.com/uHPIvOv.jpg

Wow. That's some badass work there, dude.

Very nice !

that tea party hat is gorgeous

hat update and increasing

   







= first creation collectors item
=XhomerX work but sidechained
=still in protest !!!!!
=magic altcoin hat 

= WHO is this one ?
=in need of a PROPERLY hat 
= WEKKEL?
= nice for fun



still in progress ? vapurminer,LFC,raja_mbz,karatma,sirazimuth,searing,poolminor,wekkel,cAPSLOCK,mindrust,torque,crypmike,heuristic etc........ pfffffffff if you wanna get them all,LONG WAY TO GO 

IS THIS THE WHOLE COLLECTION @THE MOMENT ??

Who is this heuristic you speak of?

FUCK I want to put it on so bad but can't.

WAIT...
LoppHOLE!!!

https://www.overclock.net/forum/members/68238-hueristic.html

Light beer is for pussys 

You are what you eat?


Well, gotta crash...maybe catch up tomorrow.

[HairyMaclairy]

We won’t notice the next pump.  Too busy talking about hats.

[bitserve]

We won’t notice the next pump.  Too busy talking about hats.

At the moment we have only experienced a pump in hats. So hat observers we are.

When the Bitcoin pump comes I am sure we will be back to business.

[Kylapoiss]

All you know and love, The fundamental building blocks you are made of, are popping in and out of existence all the time. Can you imagine that? Sometimes you exist, sometimes you don't. In fact, the entire universe just popped into existence. It should have popped out again, but for some reason we don't know yet, there was an imbalance between matter and antimatter. Matter and antimatter should have canceled each other out. But here we are, living in a world that is expanding faster and faster. What happens when the expansion starts slowing down? Or stops? You are the universe observing itself and asking these questions.


OK I am freaking out. Gunna go clean the bathroom. When you guys drop acid do your fingertips get cold too?

What was before the universe popped into existence? Where did the matter and dark matter come from? Can there be life made of dark matter, where matter is the "mysterious" one? I doubt things are really over with us expanding into oblivion, where protons, neutrons and electrons never meet again, there might be just a new start, maybe in a totally different way. I also doubt that water only is the single source of life like mainstream science suggests, there might be endless possibilities. One thing is for sure, universe is full of life. Brain goes on fire thinking of that subject, guess it's too much to cope with.

The whole body seems to get a bit colder when dropping acid, that might be just due to overall rise in sensitivity. Good to know there are some other psychonauts around here

A while back, there was the idea being thrown around of a WO Vegas party to celebrate $100K.  Instead, we could all just meet up wearing our avatar hats and drop acid. What could go wrong?

The heads in this forum united together on acid? It might be even more revolutionary than Bitcoin itself. The hats would probably give an extra brain boost

 ...and this one looks like a trip



Avatar-sized



 The detail in the face doesn't show too well in the avatar version but I'll let you decide.

Thank you so very much sir!! Now I have to start collecting merits, though I don't see any life-changing posts coming from me

Maybe you can zoom in on the eyes just a bit? Leave the eyes on the edges, so they would be a bit more visible. You're the designer, I'm sure you know what to do

Thanks again, sending my last merit on the way.

[Wekkel]

Mad hatter representin'

[El duderino_]

this thread is giving me hat envy. 

Hat envy ? Or get quick merit desire? 
“Booze still talking and thinking”

Sry for being too lazy to search google... but... What is "merit" good for??

beeing able to SHOW OFF A hat 

[El duderino_]

Avatar-sized




Thank you so very much sir!! Now I have to start collecting merits, though I don't see any life-changing posts coming from me

Maybe you can zoom in on the eyes just a bit? Leave the eyes on the edges, so they would be a bit more visible. You're the designer, I'm sure you know what to do

Thanks again, sending my last merit on the way.
[/quote]


your in here and in BTC thats life changing enough .... cannot help out much more @the moment, but you will get there. 

[Globb0]

[Kylapoiss]

your in here and in BTC thats life changing enough .... cannot help out much more @the moment, but you will get there. 

I will I will, slow and steady, not in a hurry anyways Would be nice to wear the hat though

Cheers mate

[El duderino_]

hat update and increasing

   







= first creation collectors item
= still in protest !!!!!!!!!!
=magic altcoin hat 

=LFC's pride on monday
=in need of a PROPERLY hat 
= nice for fun..... wanted by hueristic (its a f***ing cool one) !!
= I GUESS no XhomerX workzzz ?
= in a foreseeable future reserved for Kylapoiss, merit issue's



still in progress ? vapurminer,LFC,raja_mbz,karatma,sirazimuth,searing,poolminor,BTCMILLIONAIRE,savetherainforest,cAPSLOCK,mindrust,torque,crypmike,hueristic,lightfoot etc........ pfffffffff   still long way to go (and keep coming up with colour combo's) 

catching them all

[wachtwoord]

I don't see any connection either way.  Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt.  Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.

Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014.

So did the Bitcoin market.

Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018.

So did the Bitcoin market.

If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb.

I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along.

you made me look at the charts for gringo stock market and you seem to be quite wrong

Exactly.... most of the correlation, to the extent that it could exist in some kind of way, is coincidental, more than anything.

Bitcoin is a quite different asset class, and so immature that it is going to take a long while for the correlation dynamics (to the extent that they might exist short term) to get worked out.

When an asset, such as bitcoin, is in the very early stages of adoption and likely at the bottom of the hockey stick, you are not going to find too many assets in that same stage of development and adoption.

Technicals work on the short term and looking in retrospect, but with bitcoin you also have to consider the fundamentals that continue to keep the underlying hockey stick that sometimes is difficult to see in the short term and while we are in the midst of it... but the fundamentals are going to drive the technicals beyond the little categories and boxes in which they try to short term predict bitcoin's imminent downfall that never seems to actually happen because of the underlying and unseen hockey stick - that only some peeps can appreciate such invisible hockey stick for being present.   

Evidence to confirm Bitcoin's low correlation to other asset classes at least until the beginning of 2017:

https://www.signalplot.com/what-is-bitcoins-correlation-with-other-financial-assets/