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

[Plazma]

So being economic is bad. Lets waste as much resources as possible instead. Buy stuff we don't need!

[Specular]

So being economic is bad. Lets waste as much resources as possible instead. Buy stuff we don't need!

Exactly! System works, everyone wins!

[Afrikoin]

http://www.zerohedge.com/news/2015-01-19/market-wrap-chinese-stocks-crash-financials-suffer-record-drop-commodities-resume-de

If stock market goes well, people invest in stock market instead of BTC.

If economy is bad, people invest less in risky markets like BTC.

One way or another people will have a reason to don't invest in BTC

recall last time the chinese had trouble with interest rates?

[Plazma]

Choo Choo?

[ronald98]

http://www.zerohedge.com/news/2015-01-19/market-wrap-chinese-stocks-crash-financials-suffer-record-drop-commodities-resume-de

If stock market goes well, people invest in stock market instead of BTC.

If economy is bad, people invest less in risky markets like BTC.

One way or another people will have a reason to don't invest in BTC

recall last time the chinese had trouble with interest rates?

Could a crash happen in the west that mirrors the chinese one?

[bassclef]

A bit of light chooing going on

[aztecminer]

looks like there may be some steam to the next leg up.

don't worry i get my two new bitcoins from coinbase on weds!  i have a very complex scientific formula to guarantee bitcoin crashes down more.

exchange + money(buy btc) = btc + btc crash

i have tested and retested this formula it is solid! i can manipulate the formula like this:

exchange - btc(sell btc) = digital usd + btc pump

now i just have to figure out how to work this formula to my advantage (which i havent just yet). science!

[bassclef]

Here comes the push through resistance. Big buys.

[Brewins]

Trying to get my head around deflation... came across this.. Just started reading but interesting..

http://www.deflation.com/understanding-deflation/

History has a lot of lessons on the dangers of deflation. Many people intuitively see prices declining as a good thing - cheaper food etc.

But when prices go down too much, there are a number of serious dangers:
- Debt levels go up in real terms (and most people/companies are in debt)
- Companies don't invest in new projects because they think prices will keep dropping
- People don't spend as much on big ticket items - also expecting prices to be lower in the future

-the interest rates will adjust for the debts.
-it won't decline forever, because at some point the returns of new projects will be bigger than the returns of hodling money
-people need to consume stuff to keep alive, anyway. And by not going into superconsuming they will avoid debit, what will make your point 1 weaker

[ShroomsKit]

lol @pathetic dumps. bears exhausted?

I think i've read exactly the same sentence about 130 times over the last 12 months.

[magicmexican]

Cut your lose, bears, its all up from here (forever)

[findftp]

Don't know about y'all, but this means moon!!
Was uploading this to tinypic and got a funny captcha

Rocket train



Confirmed!



LMAO

[bassclef]

lol @pathetic dumps. bears exhausted?

I think i've read exactly the same sentence about 130 times over the last 12 months.

Kind of like your posting history.

[ShroomsKit]

The triangle is closing: I wonder what will happen tomorrow.

The same thing that has been happening for a year now. Why would tomorrow be any different?

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[empowering]

swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .

remember, even if currently about 800k $ get invested into Bitcoin, it will only cover the inflation. You have to add every merchant instantly selling + regular sellers.

That's a hell of selling pressure every day. That's the main reason we will most likely stay in this bear market until something drastic happens. Like a Fiat Currency Crashing  (€, $ or  ¥).
If nothing magical happens, the next halving of the mining reward would at least take out some pressure so the currency could grow in value.

yup i do remember the inflation of 3600 bitcoins everyday. i agree with your assessment. i think the swiss didn't unpeg from euro and hurt their own economy just for the heck of it. somethings going on.
 

There was an influx of money into their country ..its pretty much made them de-peg. I'm basing this off one article I read though

Any chance of a link to the article ?

Here are a few perspectives on the Swiss Franc situation:

http://www.telegraph.co.uk/finance/economics/11349479/Switzerland-capitulates-on-franc-as-global-currency-wars-take-next-victim.html
http://www.nytimes.com/2015/01/16/opinion/paul-krugman-francs-fear-and-folly.html
http://www.economist.com/blogs/buttonwood/2015/01/currencies

So back home...  wonderful end to a marvelous project      and a wonderful holiday , good to be back  

Hmmm so...  

Gotta wonder what the Swiss are reacting to...  

If I remember correctly we have a few Greeks on the thread... so what do you reckon will Alexis Tsipras win on the 25th ?  

Merkel has had some strong words to say about it if he does win...  plus the Germans and the French are having their meeting this week..  strong words are being spoken no doubt...  plus it seems that the (ultra) anti european contingent are awfully vocal all over europe these days (The Farages, and marine le pens and bepe grillos of europe)

Just gonna pop this here : http://uk.reuters.com/article/2015/01/19/uk-ecb-policy-merkel-idUKKBN0KS19420150119

[SnokkomBTC]

The triangle is closing: I wonder what will happen tomorrow.

The same thing that has been happening for a year now. Why would tomorrow be any different?

Why wouldn't be differrent tomorrow?




Price set for Winklevoss Bitcoin ETF - FT.com

[the_sunship]

the Left will certainly win in Greece. Having lived there off and on, there's nothing more satisfying to the Greeks than "sticking it" to the taxman, in this case - Germany.

http://boingboing.net/2010/05/04/satellite-photos-cat.html

[empowering]

the Left will certainly win in Greece. Having lived there off and on, there's nothing more satisfying to the Greeks than "sticking it" to the taxman, in this case - Germany.

http://boingboing.net/2010/05/04/satellite-photos-cat.html

Indeed.... this is my assessment too

(and no doubts the Swiss government also believe this)

[LFC_Bitcoin]

Pump this bitch.
Give her all you've got.