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

[8up]

Interest rate hike is bullish for Bitcoin.  All excess liquidity from 0% interest went to stock buybacks creating a bubble in that market.  It did not create a bubble in Bitcoin.  Bitcoin was in a bear market the entire time from Gox.  

Stocks imploding when liquidity is removed means investors have to leave that market and go to a new one to try and increase or preserve their wealth.  They aren't going to put everything in a bank and make nothing while also having faith in banks at an all time low.

Totally agree.  Not to mention, global investors have bubbled and exhausted nearly every type of market out there (US stock, Chinese stock, real estate, commodities, PMs, etc.), all while bitcoin was bear trending. They'll all be looking for a viable alternate market to trade in next year.

Since when are you a bull? I'm bearish for the next 30 days.

[ChartBuddy]

Coin



Explanation

[PoolMinor]

[peonminer]

http://fortune.com/2015/12/16/feds-rate-hit-you/

In one of the worst kept secrets in economic history, the Federal Reserve is expected to officially increasing its benchmark interest rate to 0.25% on Wednesday. Martin Hochstein of Allianz Global Investors estimates that investors believe that the Fed will eventually raise the interest rate to 1.2% by 2017. But according to the Fed’s economic projections, rates are likely to reach 2.6% by 2017. Historically speaking, though, Hochstein found that analysts underestimated the last three rate hike cycles. So that 1.4 percentage point difference is a “huge gap that could start some troubles,” added Hochstein.

http://www.ustream.tv/federalreserve



Assets and Liabilities of Commercial Banks in the United States (Weekly) - H.8 - Release Date: December 11, 2015
http://www.federalreserve.gov/releases/h8/current/default.htm




The FED is in worse shape than we thought. Looks like the FED is on a famous down hill Jamaican bobsled team. FED is well on its way to finishing at the bottom first.

Transcript of Chair Yellen’s Press Conference Opening Remarks December 16, 2015

http://www.federalreserve.gov/mediacenter/files/fomcpresconf20151216.pdf

The median projection for the federal funds rate rises gradually to nearly 1-1/2 percent in
late 2016 and 2-1/2 percent in late 2017. As the factors restraining economic growth continue to
fade over time, the median rate rises to 3-1/4 percent by the end of 2018, close to its longer-run
normal level.

 The Board of Governors also approved a 1/4 percentage point increase in the discount rate
 for primary credit to 1 percent.

Economic projections of Federal Reserve Board members and Federal Reserve Bank presidents December 16, 2015

http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20151216.pdf





GDP stagnant and decreasing = √
Unemployment headed higher = √
PCE inflation about to spike up = √
FED rate headed for 4% hike = √
FED inflation target at 2% = √
Total US debt $60,000,000,000,000.00 = √

There are some things USD can't buy.

For everything else, there's BTCitcoin.

[ChartBuddy]

Coin



Explanation

[Pruden]

It should not be too hard to guess the direction from here.
The order book is thinning and everyone is long on overextended margin.
Good luck with holding this price up.

There are as few longs open as at $435 three days ago or $420 5 days ago. The deleveraging (27M$ to 24M$) of the last 2 days seems very bullish to me.

Chart: https://bfxdata.com/swaphistory/totals

[Holliday]

Holliday where have you been?

Here! Just not posting often.

[BlindMayorBitcorn]

Daily reminder:

>Trading your bitcoin for short-term profits will burn you in the long run
>You're not "lucky", you can't time the market, stop trying.
>TA (Technical Analysis) is always bullshit, you can safely disregard any retard who posts a picture of a graph anywhere.
>Gambling in any form is for braindead retards
>Bitcoin will increase, and increase by a lot, in the long run.
>The mere fact that this forum allows paid signature campaigns and third world trash to post utter nonsense in broken english for their signature campaign just goes to show this forum is reddit-tier (shit)

OP, you may now close this thread.  Everything important has been said in this post.

shitty ass autistic green text, but your 100% correct

https://bitcointalk.org/index.php?topic=1290868.msg13263014#msg13263014

Update: Day 2.

Still no car.

[jbreher]

836 coin market dump in one shot

fat finger?

Probably someone wanted to buy a house.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

836 coin market dump in one shot

fat finger?

Probably someone wanted to buy a house.

Or a boat!

https://www.youtube.com/watch?v=mQPjKSVe1tQ 

BTW, this should be the WO-thread tune.

[DeathAngel]

836 coin market dump in one shot

fat finger?

Probably someone wanted to buy a house.

Damn that's a lot of coin's

[BlindMayorBitcorn]

836 coin market dump in one shot

fat finger?

Probably someone wanted to buy a house.

Or a boat!

https://www.youtube.com/watch?v=mQPjKSVe1tQ 

BTW, this should be the WO-thread tune.

Best-in-class towing. That's Ford tough.

[jbreher]

836 coin market dump in one shot

fat finger?

Probably someone wanted to buy a house.

Damn that's a lot of coin's

I dunno, in the bigger picture, one would expect somebody somewhere to once and a while exchange coins for a down payment on a house, if this is indeed to be a new default global currency. If we can't use it, what good is it?

[DeathAngel]

We'll all make large purchases with bitcoin if/when the majority of places accept it as payment. For now the best thing to do is trade or HODL.

No point exchanging large amounts of cash into bitcoin just to make a big purchase unless of course there's a massive discount for using bitcoin, seller doesn't want to get taxed or whatever.

[Meuh6879]

no problem ... mining farm need to rise the price of BTC up to 20% now 



https://bitcointalk.org/index.php?topic=598790.msg13271164#msg13271164

[jbreher]

No point exchanging large amounts of cash into bitcoin just to make a big purchase

In the overall scheme of things, it was not that long ago that 823 BTC was pocket lint.

eta: now that I see the figure was 836, I feel the point is better made by not correcting it. Whatev

[rolling]

836 coin market dump in one shot

fat finger?

Probably someone wanted to buy a house.

Damn that's a lot of coin's

I dunno, in the bigger picture, one would expect somebody somewhere to once and a while exchange coins for a down payment on a house, if this is indeed to be a new default global currency. If we can't use it, what good is it?

Exactly. To have real value for what it's best at (really secure transactions), the price is going to need to increase 100x-1000x so purchasing a couple million for a really secure exchange between businesses doesn't affect the market price. That's where this is headed. The only question is when.

[peonminer]

From '10,000BTC = 2 pizzas delivered' - BTCitcoin's beginning
To '$10,000 = 2 pizzas delivered' - USD's ending

We are in transition now. (;

[Fatman3001]

Hehehe!!

https://np.reddit.com/r/Bitcoin/comments/37gj0l/when_the_block_reward_goes_away_gavin_andresen/crmk1eg

Thanks Professor.

That was a short stint.

https://np.reddit.com/r/btc/comments/3x45f7/i_have_removed_btcdrak_as_mod_we_owe_you_guys_a/

What happened?

From '10,000BTC = 2 pizzas delivered'
To '$10,000 = 2 pizzas delivered'

We are in transition now. (;

Those sound expensive.

I know a place where you'll get a good one for NOK 140,-.