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

[Last of the V8s]

In other Christmas traditions, Mrs V8s' Aga went out sometime in the night. Certain dogs were complaining of the chill by 5am. It restarted easily enough for once, but is useless for anything till tomorrow really.
We do have a spare gas cooker in the back kitchen, but she uses all that for the Christmas meals on wheels for the villages, while I attend to our own lunch in her kitchen and entertain anyone staying plus the drivers who ferry the meals around.
Right, so lots of early morning rallying around later, heaters have been borrowed and showers had in friends' bathrooms.
Can see our own lunch not being ready till 5 or so, which is fine. All very Spanish hours.
Every year we promise ourselves to sort the plumbing, heating and cooking arrangements out in this house, but it would be a huge upheaval and a total waste of filthy fiat moneys, which would be far better spent on certain proper, sound, valuable, store of wealth type things.

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[dutchlincoln]

1.  Alts have no value of their own

2.  The price of alts is a function of how much greed / fear is in the market.

3. Fear / greed is determined by Bitcoin price performance.  

4.  Alts are denominated in BTC.  

5.  When people are greedy they buy alts using BTC.

6.  When people are fearful they sell alts using BTC.

ok, i understand most, but this would be true if actually people buy and sell.

When btc gets a dump, and the same microsecond the alts get a dump as well, it cannot be people being greedy/fearful, right? it must be a coupling in some form to the mastercoin, btc?

im not saying anything about the intrinsical value of an alt itself, nor if its a good or a bad alt, but just these fluctuations intrigue me and i dont really understand...

[HairyMaclairy]

Bitcoin Private shitshow continues.  Imagine legitimately holding shielded coins

[kenzawak]

We had gained $45 Billions since december 15th, we lost $16 Billions in 24 hours.
Fuck !
Merry Christmas anyway.

[kenzawak]

lucky you, tomorrow today i'll have dinner with the pro-Macron part of the family, gonna be explosive  

You got anything yellow to wear ?
Good luck !

How much do that signature campaigns pay nowadays? Maybe now that I am poor I should contemplate wearing one for f00d.

Most of them just don't pay at all.
The most interesting ones are the ones that pay in BTC.
Here's a list :

https://bitcointalk.org/index.php?topic=615953.0

[VB1001]

As a side note, what I said above is another reason I endorse only physical metals.

For any of this centralized crypto-garbage to gain more ground, they have to get more deeply involved with people's financial savings with things like IRAs and what have you.  I have no interest in trying to trick old people into squandering their money on imaginary, valueless tokens and then having the shit blow up in their face and being homeless in the streets.  There comes a point where shilling for this stuff is like you're basically trying to destroy the entire world on purpose in hopes of making a profit.  Shill for real money (silver and gold) then you make a profit while fixing the world instead.

You have the nocoiner virus inoculated, you are on the dark side, you must detoxify, you need urgent help, you are desperately looking for the antidote in WO, you are one step away, you will get it!!!!!

Merry Christmas.

[realr0ach]

As a side note, what I said above is another reason I endorse only physical metals.

For any of this centralized crypto-garbage to gain more ground, they have to get more deeply involved with people's financial savings with things like IRAs and what have you.  I have no interest in trying to trick old people into squandering their money on imaginary, valueless tokens and then having the shit blow up in their face and being homeless in the streets.  There comes a point where shilling for this stuff is like you're basically trying to destroy the entire world on purpose in hopes of making a profit.  Shill for real money (silver and gold) then you make a profit while fixing the world instead.

You have the nocoiner virus inoculated, you are on the dark side, you must detoxify, you need urgent help, you are desperately looking for the antidote in WO, you are one step away, you will get it!!!!!

Merry Christmas.

Nah, I'm just calling people out for what they are.  Like this HairyMcLarry guy is a self proclaimed shitlib.  Shitlibs like to LARP (aka pretend) that they're do-gooders helping the world, but they really aren't.  People have done studies and always conclude leftists are far LESS LIKELY to donate to charities and things like that while far right people actually do.  He will claim he's some type of save the worlder, but all he cares about is personal gain and doesn't care what type of fraud and scams he has to push to get there.  Otherwise he would be shilling for metals instead of these things where you can both profit and do something good at the same time.

I was probably one of the first 10 people in the world to mine Dogecoin.  What did I do with them?  Gave most of them away to some random dog shelter in Spain that was soliciting funding and I've never even been to Spain.  It's not the best example because shitlibs will do stuff like donate to animal shelters because shitlibism is based on inferiority complex where they can only relate to 'underdogs' or people deemed lower, defeated, etc.  But the fact they have an inferiority complex means they see themselves as victims and pretend others should be donating to them instead even if they're rich and they have no desire to help normal humans.

[dutchlincoln]

We had gained $45 Billions since december 15th, we lost $16 Billions in 24 hours.
Fuck !
Merry Christmas anyway.

still a gain of 29 Billion in 10 days...

Always look on the bright side of life...  

[VB1001]

lucky you, tomorrow today i'll have dinner with the pro-Macron part of the family, gonna be explosive  

You got anything yellow to wear ?
Good luck !

Yes, good idea:

[JayJuanGee]

[edited out]

You have the nocoiner virus inoculated, you are on the dark side, you must detoxify, you need urgent help, you are desperately looking for the antidote in WO, you are one step away, you will get it!!!!!

Merry Christmas.

Dee bug is not looking for any help from WO.  If dee bug had wanted help from here, he would have obtained it a long, long time ago. 

Almost any retard could have figured out the antidote by now, but NOT dee roach.  dee Roach is too damned smart for his own good.      

[realr0ach]

Did I mention Infofront is classified as a govt legislated hate group?

https://www.splcenter.org/fighting-hate/extremist-files/ideology/male-supremacy

[Majormax]

When btc gets a dump, and the same microsecond the alts get a dump as well, it cannot be people being greedy/fearful, right? it must be a coupling in some form to the mastercoin, btc?

im not saying anything about the intrinsical value of an alt itself, nor if its a good or a bad alt, but just these fluctuations intrigue me and i dont really understand...

Not sure I understand your question : the answer seems self evident :

There is trading constantly on multiple exchanges 24/7, every second of the day. The alt prices (on coinmarket cap or whatever) are based on 'last trade' for a number of exchanges. The trade is in BTC, that is converted to $$ in the quote. If BTC $ price changes, then so must the alt $ price, even if there is no further trade.

If a bid/offer is hit then the BTC price changes as well.

[alevlaslo]

The government does not ban bitcoin because it is a good buyer of electricity. The world is ruled not by the President, not by the government, not by banks, but by energy companies. The threat to them is always eliminated at the root and by any means. If bitcoin is a threat to banks, that banks will be eliminated, not bitcoin.

[HairyMaclairy]

Please send my regards to Mrs. V8, the dogs and the Aga. And thank you for your good works.  Merry Christmas

[VB1001]

This is an example to follow for the rest of the swindling governments.

Japanese Lawmaker Proposes Relaxation of Crypto Tax Laws

https://www.nasdaq.com/article/japanese-lawmaker-proposes-relaxation-of-crypto-tax-laws-cm1073477

[dutchlincoln]

When btc gets a dump, and the same microsecond the alts get a dump as well, it cannot be people being greedy/fearful, right? it must be a coupling in some form to the mastercoin, btc?

im not saying anything about the intrinsical value of an alt itself, nor if its a good or a bad alt, but just these fluctuations intrigue me and i dont really understand...

Not sure I understand your question : the answer seems self evident :

There is trading constantly on multiple exchanges 24/7, every second of the day. The alt prices (on coinmarket cap or whatever) are based on 'last trade' for a number of exchanges. The trade is in BTC, that is converted to $$ in the quote. If BTC $ price changes, then so must the alt $ price, even if there is no further trade.

If a bid/offer is hit then the BTC price changes as well.

i appreciate the explanation, and it seems fair in regards to $$ value, but thats not what i meant, and thats also the part i dont understand.

When bitcoin makes a pump or a dump, the alt varies in BTCprice as well, and thats strange to me. (as your explanation (as far as i understand) states the $$ price must go up and down seems logic as the BTC value varies in $$ value. That makes sense. But why does the BTC value of the alt change so much as well?? Thats double... For instance: when BTC takes a drop of 10% in $$ value, the ALT makes adrop of 10% in $$value (logic), AND a drop of 10% in BTC value as well (unlogic),  makes a total devaluation of that coin of 20%..)

[alevlaslo]

Page 22222

Not bad WO’s

Come on you HAT carriers

especially with quotes at 22 December

and with 22 posts on a page)))

[maser82]

When btc gets a dump, and the same microsecond the alts get a dump as well, it cannot be people being greedy/fearful, right? it must be a coupling in some form to the mastercoin, btc?

im not saying anything about the intrinsical value of an alt itself, nor if its a good or a bad alt, but just these fluctuations intrigue me and i dont really understand...

Not sure I understand your question : the answer seems self evident :

There is trading constantly on multiple exchanges 24/7, every second of the day. The alt prices (on coinmarket cap or whatever) are based on 'last trade' for a number of exchanges. The trade is in BTC, that is converted to $$ in the quote. If BTC $ price changes, then so must the alt $ price, even if there is no further trade.

If a bid/offer is hit then the BTC price changes as well.

i appreciate the explanation, and it seems fair in regards to $$ value, but thats not what i meant, and thats also the part i dont understand.

When bitcoin makes a pump or a dump, the alt varies in BTCprice as well, and thats strange to me. (as your explanation (as far as i understand) states the $$ price must go up and down seems logic as the BTC value varies in $$ value. That makes sense. But why does the BTC value of the alt change so much as well?? Thats double... For instance: when BTC takes a drop of 10% in $$ value, the ALT makes adrop of 10% in $$value (logic), AND a drop of 10% in BTC value as well (unlogic),  makes a total devaluation of that coin of 20%..)

The user BTCMILLIONAIRE explained what could be the cause: When it is clear the BTC is in a downtrend you could get profits by shorting altcoins for fiat:

Furthermore, if there's any indicator that Bitcoin will be tanking it would be fairly easy to short alts for fiat and then rebuy alts at a cheaper per BTC rate with cheaper Bitcoins (obviously comes with elevated risks).

Basically, Bitcoin down = make double the money by shorting shitcoins. So the connection between futures tanking Bitcoin and altcoins tanking even more is crystal clear once you crunch the numbers.

[kurious]

In other Christmas traditions, Mrs V8s' Aga went out sometime in the night. Certain dogs were complaining of the chill by 5am. It restarted easily enough for once, but is useless for anything till tomorrow really.
We do have a spare gas cooker in the back kitchen, but she uses all that for the Christmas meals on wheels for the villages, while I attend to our own lunch in her kitchen and entertain anyone staying plus the drivers who ferry the meals around.
Right, so lots of early morning rallying around later, heaters have been borrowed and showers had in friends' bathrooms.
Can see our own lunch not being ready till 5 or so, which is fine. All very Spanish hours.
Every year we promise ourselves to sort the plumbing, heating and cooking arrangements out in this house, but it would be a huge upheaval and a total waste of filthy fiat moneys, which would be far better spent on certain proper, sound, valuable, store of wealth type things.

Sorry to hear it, I used to suffer exactly the same malaise, but in. my case it was because it was an oil fired Aga, and seemed to just get the fuel line clogged in any long chill around Christmas - the oil woudl 'wax' a little I was told.  Sod's law, but I feel for ya...

Loved the Banksy Christmas tree pic BTW, not sure if it was fully appreciated....

[kurious]

Merry Chrismas to all on the WO...

I am off to eat drink and be Merry with my family.