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

[ChartBuddy]

Coin
Explanation

[Sitarow]

http://www.marketwatch.com/investing/index/dxy/charts

USD index value at 100? Check

Negitive inflation in USA Check

Intrest rate hike and oil down Check

hmm what will happen to BTC when USD index drops back down?

Nothing at all???Mainly because Chinamen miner and gambler doesn´t care about it. Second a small pennystock with  merely 4 billion market cap has little to none correlations with the USDX. Bitcoins value is defined by pump and dumps, over leveraging, fake CNY/USD at exchanges, and the continuous attempt to lure in bigger fools all the time, which is  absolutely necessary due to the high inflation in Bitcoin. Also almost no real life usage beside a few millions USD changing hands in online black markets.  

Ether you are a sincere individual or a hapless fool. Clearly you understand little about the global currency situation.

[fonzie]

http://www.marketwatch.com/investing/index/dxy/charts

USD index value at 100? Check

Negitive inflation in USA Check

Intrest rate hike and oil down Check

hmm what will happen to BTC when USD index drops back down?

Nothing at all???Mainly because Chinamen miner and gambler doesn´t care about it. Second a small pennystock with  merely 4 billion market cap has little to none correlations with the USDX. Bitcoins value is defined by pump and dumps, over leveraging, fake CNY/USD at exchanges, and the continuous attempt to lure in bigger fools all the time, which is  absolutely necessary due to the high inflation in Bitcoin. Also almost no real life usage beside a few millions USD changing hands in online black markets.  

Ether you are a sincere individual or a hapless fool. Clearly you understand little about the global currency situation.

Let me guess, the april 2013 ATH was because all the people from cyprus bought Bitcoin? Right? 

[Fatman3001]

Sry mate, it's 14.3.15.

Close, but no sigar.

[adamstgBit]

pretty sure its perfect time to buy

alot of poeple are just afraid to buy it up higher, i bet there is fiat building up on the exchanges, poeple are sending money there and waiting, just waiting to feel confident enough in the new trend to start buying.

lets face it <100$ by mid 2017 sounds even more ridiculous than >32,000$ by mid 2017

300 is proving difficult to break, but its going to happen sooner or later...

[Sitarow]

Sry mate, it's 14.3.15.

Close, but no sigar.

[nioc]

Im giving up in beliving bears - there wont be sub 200 coming.
never again

Maybe not, but my monkey thinks 250 in a week or so.  Then 380 in April.

Has your Monkey got this btc thing down yet?

[freedomno1]

pretty sure its perfect time to buy

alot of poeple are just afraid to buy it up higher, i bet there is fiat building up on the exchanges, poeple are sending money there and waiting, just waiting to feel confident enough in the new trend to start buying.

lets face it <100$ by mid 2017 sounds even more ridiculous than >32,000$ by mid 2017

300 is proving difficult to break, but its going to happen sooner or later...

It would be nice to see it break on PI day at $314 dollars
Kind of get a snicker out of it

[BlindMayorBitcorn]

Dumpity dump dump. Finally

5-6 dollars worth you classify as 'a dump'.

The mother of all dumps!!!

 

Keep hoping desperate bear

Keep hodling delusional bull

[SkyValeey]

pretty sure its perfect time to buy

Definetly NO.
Maybe in low 27X $.

[tarmi]

Nothing at all???Mainly because chinese miner and gambler don´t care about it. Second a small pennystock with  merely 4 billion market cap has little to none correlations with the USDX. Bitcoins value is defined by pump and dumps, over leveraging, fake CNY/USD at exchanges, and the continuous attempt to lure in bigger fools all the time, which is  absolutely necessary due to the high inflation in Bitcoin. Also almost no real life usage beside a few millions USD changing hands in online black markets.  

hey fonzie!

I kinda missed ya here.

keep posting and trading.

[Sitarow]

fonzie it is as you said. Look at the Euro to RUB vs US to Euro.

At this rate I wonder who those in Europe will want to do business with.

We can't have that now with the bricks around the corner... Can we?

[fonzie]

hey fonzie!

I kinda missed ya here.

keep posting and trading.

Hi tarmi!! 

I´ll try to do my best.

[ChartBuddy]

Coin
Explanation

[fonzie]

fonzie it is as you said. Look at the Euro to RUB vs US to Euro.

At this rate I wonder who those in Europe will want to do business with.

We can't have that now with the bricks around the corner... Can we?

Correlation does not imply causation. I have seen that the price of ostrich eggs has gone up exponentially since december 2013. I´m pretty sure that´s the reason for the BTC bear market. Wasn´t it you who always tried to forecast the BTC/USD price with the help of analyzing the altcoin trades(with almost no real BTC volume) on BTC-E? Do you still believe that it is a reliable and verifiable method?

[Sitarow]

[Sitarow]

fonzie it is as you said. Look at the Euro to RUB vs US to Euro.

At this rate I wonder who those in Europe will want to do business with.

We can't have that now with the bricks around the corner... Can we?

Correlation does not imply causation. I have seen that the price of ostrich eggs has gone up exponentially since december 2013. I´m pretty sure that´s the reason for the BTC bear market. Wasn´t it you who always tried to forecast the BTC/USD price with the help of analyzing the altcoin trades(with almost no real BTC volume) on BTC-E? Do you still believe that it is a reliable and verifiable method?

It has not been used as often as evident in this dip. I have since found that to indicate that any drop in USD as being only a temporary drop since not much USD is moving into LTC or alts for that matter.

At least this is for the near term.

However it does not rule out the effect of having USD index at 100 and how it plays in the global currency war's that have been evident since June/July 2014






As far as Alts vs BTC the market is focused on BTC.

[Fatman3001]

Long swaps are not going down, I'm going to bed. Will be interesting to see what price I wake up to.

[fonzie]

fonzie it is as you said. Look at the Euro to RUB vs US to Euro.

At this rate I wonder who those in Europe will want to do business with.

We can't have that now with the bricks around the corner... Can we?

Correlation does not imply causation. I have seen that the price of ostrich eggs has gone up exponentially since december 2013. I´m pretty sure that´s the reason for the BTC bear market. Wasn´t it you who always tried to forecast the BTC/USD price with the help of analyzing the altcoin trades(with almost no real BTC volume) on BTC-E? Do you still believe that it is a reliable and verifiable method?

It has not been used as often as evident in this dip. I have since found that to indicate that any drop in USD as being only a temporary drop since not much USD is moving into LTC or alts for that matter.

At least this is for the near term.

However it does not rule out the effect of having USD index and how it plays in the global currency war's that have been evident since June/July 2014

I do not deny that there is a huge currency war ongoing, but Bitcoin is lightyears away from taking any part in this game. It barely got a ticket as a spectator. He´s sitting in the back row, on a broken chair, in the rain watching the big boys play dreaming of a better future for himself when it grows up. But i fear that that his dreams will burst like a bubble... which will lead to another another teenage suicide for the statistics
So many other "next big things" are already waiting for him in the forest of suicides.

[Sitarow]

fonzie it is as you said. Look at the Euro to RUB vs US to Euro.

At this rate I wonder who those in Europe will want to do business with.

We can't have that now with the bricks around the corner... Can we?

Correlation does not imply causation. I have seen that the price of ostrich eggs has gone up exponentially since december 2013. I´m pretty sure that´s the reason for the BTC bear market. Wasn´t it you who always tried to forecast the BTC/USD price with the help of analyzing the altcoin trades(with almost no real BTC volume) on BTC-E? Do you still believe that it is a reliable and verifiable method?

It has not been used as often as evident in this dip. I have since found that to indicate that any drop in USD as being only a temporary drop since not much USD is moving into LTC or alts for that matter.

At least this is for the near term.

However it does not rule out the effect of having USD index and how it plays in the global currency war's that have been evident since June/July 2014

I do not deny that there is a huge currency war ongoing, but Bitcoin is lightyears away from taking any part in this game. It barely got a ticket as a spectator. He´s sitting in the back row, on a broken chair, in the rain watching the big boys play dreaming of a better future for himself when it grows up. But i fear that that his dreams will burst like a bubble... which will lead to another another teenage suicide for the statistics

That sounds reasonable and caution is always warranted. However one thing I do see is how despite the overall decline of currency's toward USD it seems from the date BTC has been resilient perhaps an effect due to it's global nature.