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

[Sitarow]

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[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.

[damiano]

pretty sure its perfect time to buy

Definetly NO.
Maybe in low 27X $.

271-273

If bears go in for a picnic then 265ish. 

[Cconvert2G36]

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.

More "trolling" like this please.

Take note, those aspiring to reach the higher echelons of crypto coin denigration.  

[Sitarow]

pretty sure its perfect time to buy

Definetly NO.
Maybe in low 27X $.

271-273

If bears go in for a picnic then 265ish.  

[cbeast]

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.

That spectator is a pregnant teenager that was raped by those players on the field. Her child will be Bitcoin 2.0 and they will pay for their crimes.

[ChartBuddy]

Coin
Explanation

[Chef Ramsay]

The interesting thing in this whole apparent mini-downtrend, perhaps, is where the LTC&BTC/USD mark will be. The BTC and LTC price in USD will both be attractive buys if we go any deeper, esp if they flash downward to buying pleasurable spots moreso than now.

[Cconvert2G36]

Not sure why a redundant and markedly less adopted coin like LTC would be a factor in the above analysis.

[Snipe85]

Not sure why a redundant and markedly less adopted coin like LTC would be a factor in the above analysis.

You're not the only one. I know altcoins tend to follow Bitcoin and mimic its movements, but Sitarow tries to predict its price from the other side, by looking at the altcoins  
It's likely that some traders are moving money between the coins and investing in the ones that are pumping, but I don't think the number of such traders is large enough to dictate price.

[ChartBuddy]

Coin
Explanation

[anshar]

Great to see Bitcoin back on its way up!

[Ezmoneyezlife]

Great to see Bitcoin back on its way up!

Sure, just follow chinese pied piper, he does want you to be a bagholder of his btc when he continues to dump to 200$

[Cconvert2G36]

bagholder

[ChartBuddy]

Coin
Explanation

[hyphymikey]

I was expecting much more from the bears. I guess I will keep watching over the weekend for a good time to use the rest of my USD.

[ChartBuddy]

Coin
Explanation