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

[hd060053]

intersting that brexit could really happen against all that mainstream media etc.

this has a long-term influence on world econonmy, stability of eu and also gold/btc price.

[InternationalBankAlliance]

brexit is related to bitcoin because the GBP is going down and the UK-guys want to save their money.. for example with gold or bitcoin.

Or the USD. There's always that.

Trump bucks

Yeah, I don't see the $ as a natural.
If my country's economy was uncertain, I'd head straight over to an anonymous Bulgarian exchange and buy something solid, guaranteed by maths and quality computer code, like BTC or DAO.

[aztecminer]

pretty tame reaction tbh. price hovering around 650$ is quite disappointing after such a gross move. markets are down like 5-10% and bitcoin more or less the same? strange.

Bitcoin price has nothing to do with Brexit. So far, the retracement is about 56% of the correction, it may reach 62% today or tomorrow, then more down.

+1 .. bitcoin was unaffected by brexit. at least not yet . we are right where we were before the dump. ever since the marshal's pump, i dont trust bitcoin. i got burnt on that pump. because of that i stopped buying bitcoin. what i have in cold storage is it.. i am in and out of bitcoin these days. i think bitcoin is going to crash after the halvening hype due to lingering scaling issue .. obama will have to leave the wh before i start change my stance toward bitcoin again.. that why i didnt dive into bitcoin on that huge dip.. i dont always do what everyone else is doing . today we'll see if brexit moves bitcoin .

[Blazin8888]

The effects of Brexit have just begun. The markets are about to open 45-60min state side. This is going to get ugly. Look for BTC to start to move in the next 5-8 hours

[acsalles]

IMHO, people and investors are not simply sitting on uninvested money waiting for the next opoortunity.

To invest on Bitcoin, most of them need to divest something and wire it to exchanges. It takes time.
Remeber that stock exchanges and banks are not open 24/7. I think the main impact regarding new FIAT investments occurs more than 24 hours after the the event.

[InternationalBankAlliance]

IMHO, people and investors are not simply sitting on uninvested money waiting for the next opoortunity.

To invest on Bitcoin, most of them need to divest something and wire it to exchanges. It takes time.
Remeber that stock exchanges and banks are not open 24/7. I think the main impact regarding new FIAT investments occurs more than 24 hours after the the event.

So because brexit, serious investors with no current bitcoin exposure are going to sell their Berkshire Hathaway & buy bitcoins?

[acsalles]

Why not ? At least more investors are willing to follow this way, then before Brexit.

[hd060053]

The recent BTC pump and Brexit will be linked together in mainstream media now. Thats basically good for attention but its false because the pump startet before and not (only) because of the Brexit votum.

[InternationalBankAlliance]

Why not ? At least more investors are willing to follow this way, then before Brexit.

Why not? A better question is "why?" In uncertain times, why would you hedge with an asset that's, basically, the definition of volatility?
E.g. Yesterday CNBC: m/2016/06/23/bitcoin-plunges-nearly-25-percent-in-6-days-heres-3-reasons-why-brexit-china-yuan-halving.html]Bitcoin plunges nearly 25% in 6 days: Here's 3 reasons why.
This look like safe-haven-class investment to you?

Thanks fro removing the suspicious link to CNBC, bitcointalk. Let's try this again: http://www.c[Suspicious link removed]m/2016/06/23/bitcoin-plunges-nearly-25-percent-in-6-days-heres-3-reasons-why-brexit-china-yuan-halving.html

[acsalles]

Why not ? At least more investors are willing to follow this way, then before Brexit.

Why not? A better question is "why?" In uncertain times, why would you hedge with an asset that's, basically, the definition of volatility?

Statistics
If the question "Why" is thought too many times, some of the answers & decisions will be YES, I take the risk for part of my capital.

[Elwar]

The recent BTC pump and Brexit will be linked together in mainstream media now. Thats basically good for attention but its false because the pump startet before and not (only) because of the Brexit votum.

The move upwards happened right when the results started coming out.

I was hoping I'd wake up to catch it but missed it by about 1.5 hours. Was going to long the price once I had any indication that Leave was winning.

[InternationalBankAlliance]

Why not ? At least more investors are willing to follow this way, then before Brexit.

Why not? A better question is "why?" In uncertain times, why would you hedge with an asset that's, basically, the definition of volatility?

Statistics
If the question "Why" is thought too many times, some of the answers & decisions will be YES, I take the risk for part of my capital.

"Statistics"? Show me the data, and your money. Until then, it's just hand-waving, not statistics.

[BlindMayorBitcorn]

brexit is related to bitcoin because the GBP is going down and the UK-guys want to save their money.. for example with gold or bitcoin.

Or the USD. There's always that.

Trump bucks

Yeah, I don't see the $ as a natural.
If my country's economy was uncertain, I'd head straight over to an anonymous Bulgarian exchange and buy something solid, guaranteed by maths and quality computer code, like BTC or DAO.

Me too! I think we have a great deal in common.

[acsalles]

Why not ? At least more investors are willing to follow this way, then before Brexit.

Why not? A better question is "why?" In uncertain times, why would you hedge with an asset that's, basically, the definition of volatility?

Statistics
If the question "Why" is thought too many times, some of the answers & decisions will be YES, I take the risk for part of my capital.

"Statistics"? Show me the data, and your money. Until then, it's just hand-waving, not statistics.

Let me gently remember you the fact that we are in a speculation thread.

[Blazin8888]

Markets opening t - 60 seconds. Strap in.

[InternationalBankAlliance]

Why not ? At least more investors are willing to follow this way, then before Brexit.

Why not? A better question is "why?" In uncertain times, why would you hedge with an asset that's, basically, the definition of volatility?

Statistics
If the question "Why" is thought too many times, some of the answers & decisions will be YES, I take the risk for part of my capital.

"Statistics"? Show me the data, and your money. Until then, it's just hand-waving, not statistics.

Let me gently remember you the fact that we are in a speculation thread.

Allow me to return the favor by humbly suggesting that "statistics" means hard data, not speculative musings.

Markets opening t - 60 seconds. Strap in.

Dow Jones Industrial Average 17,516.08 Price decrease 494.99 (2.75%)

[Paashaas]

Summer of SegWit: Bitcoin Core Begins Segregated Witness Soft Fork.



http://cointelegraph.com/news/summer-of-segwit-bitcoin-core-begins-segregated-witness-soft-fork

[trackermut]

Why would anybody believe Brexit has no effect on Bitcoin is staggering, look at the price over the last 24 hours, look at every banking stock world wide, look at gold. talk about living in a bubble.Mid 500s yesterday when poll pointed to Remain and now after Brexit hundred dollars up, what am i missing ? This Heralds a two year exit for UK from the Euro block with ever increasing pressure From Netherlands and Italy to follow the UK into there on referendum. The shit has just started to hit the fan.

[Paashaas]

pretty tame reaction tbh. price hovering around 650$ is quite disappointing after such a gross move. markets are down like 5-10% and bitcoin more or less the same? strange.

Bitcoin price has nothing to do with Brexit. So far, the retracement is about 56% of the correction, it may reach 62% today or tomorrow, then more down.

+1 .. bitcoin was unaffected by brexit. at least not yet . we are right where we were before the dump. ever since the marshal's pump, i dont trust bitcoin. i got burnt on that pump. because of that i stopped buying bitcoin. what i have in cold storage is it.. i am in and out of bitcoin these days. i think bitcoin is going to crash after the halvening hype due to lingering scaling issue .. obama will have to leave the wh before i start change my stance toward bitcoin again.. that why i didnt dive into bitcoin on that huge dip.. i dont always do what everyone else is doing . today we'll see if brexit moves bitcoin .

I think both of you where getting burned due of bad trading, thats not Bitcoins fauld... it's YOURS idiots.

We Will Get SegWit This Summer, just look at the post above this one.

[acsalles]

"Statistics"? Show me the data, and your money. Until then, it's just hand-waving, not statistics.

Let me gently remember you the fact that we are in a speculation thread.
[/quote]

Allow me to return the favor by humbly suggesting that "statistics" means hard data, not speculative musings.
[/quote]

No. I can infere that, if a new event occurs, many different people will be asked to reevaluate their investment decisions. Independently of evidences, it´s legit to speculate that a percentage (can be indeed very small group) of those decisions will at the end  be in favor of Bitcoin. Talking about several hundreds billions of EUR in the clasic markets (actually is more, much more), 1 or 2 billion EUR moving into the ecosystem is enough to put pressure on demand.

It´s like use common sense to infere that if I roll the dice 20 times, it´s expected to have at least 1 match for a random number picked by you.