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

[Torque]

To believe in hidden puppet masters that control all politicians is nothing else than some modern and hateful version of religion as there is zero evidence

One word: Rothschilds

One word: bullshit

Neither theory can be proven beyond reasonable doubt, nor can it be controlled, so it hardly matters.

But just calling "bullshit" on everything is just sticking one's head-in-the-sand, which is *exactly* what's wrong with society today, and why Average Joes will continually get screwed over until their eyes are truly opened.

The Controlling Power Elite will always, always, privatize successes and socialize losses. This is a fact, and is why the rich get richer and the poor get poorer.

[Chef Ramsay]

Bitcoin is still not large and mature enough yet to be a safe haven. It's still a high tech science experiment mostly supported by the permissiveness of banks and governments. It is going to follow the markets - not go against them.

The S&P has been sliding for 3 months while bitcoin has been rallying. This finite asset class has plenty of room to grow while most others are based on fiat debt and counterfeiting aka money printing by central banks. Current markets would've been dead long ago were it not for the Fed printing money and sending it to wall street so they can buy back and inflate their share prices. It sure ain't mom and pop buying this garbage.

[TERA]

Ok then there is not a very strong relationship between the stock market and Bitcoin. However, if the world goes into turmoil it is certainly not going to help Bitcoin. It is going to crash with everything else. Also there was more fear of a fed collapse in 2014 than there is now.

[Torque]

Ok then there is not a very strong relationship between the stock market and Bitcoin. However, if the world goes into turmoil it is certainly not going to help Bitcoin. It is going to crash with everything else.

Certainly could. But look at Gold... it went down along with equities at first in 2008.... then bounced and proceeded to go on the biggest bull run it had seen in decades, all while the stock market continued to flounder.

Could Bitcoin do the same?

[mixan]

this shit doesnt belong here.

This thread has always been a bit off-topic.

If politics is allowed, I guess sports and religion should be too.

What effect do you think the Cubs' WS victory will have on Bitcoin?

Or had? Maybe that was the real reason for Thursday's dip.

 

What is funny is that ImI did not reply to you but the other two posts.
Your shit is not good enough for him to even garner a reply.

[strawbs]

Bitcoin is still not large and mature enough yet to be a safe haven. It's still a high tech science experiment mostly supported by the permissiveness of banks and governments. It is going to follow the markets - not go against them.

I wish more people here would realise this. When has btc ever shown any signs of acting as if it were a safe haven? Outside of these forums, basement dwellers and tech nerds, hardly anyone even knows what btc is. They might have heard of it once or twice. Wall Street is hardly likely to suddenly flock to crypto.

The US election result will probably have about as much impact on btc price as the much awaited halvening a few months ago - nil.

[European Central Bank]

I wish more people here would realise this. When has btc ever shown any signs of acting as if it were a safe haven? Outside of these forums, basement dwellers and tech nerds, hardly anyone even knows what btc is. They might have heard of it once or twice. Wall Street is hardly likely to suddenly flock to crypto.

The US election result will probably have about as much impact on btc price as the much awaited halvening a few months ago - nil.

of course it ain't. you'd have to be pathetically deluded to think otherwise. but the perception of it is enough to initiate a pump from the same old suspects. i'll guess hardly any cypriots or greeks put one cent towards bitcoin but the idea of it was enough for existing users to have some fun.

[ImI]

The US election result will probably have about as much impact on btc price as the much awaited halvening a few months ago - nil.

Who said that the recent runup isn't caused by the halvening? The effect of the halvening is having a small but constant shortened supply that sums up over time. Obv we will never know but to rule it out just because at the day of the halvening iwe saw no spike is simply wrong. Cause if we could witness any effect it would play out in the MONTHS after the halvening. So exactly NOW. Just like 2012/13.

[DaRude]

Bitcoin is still not large and mature enough yet to be a safe haven. It's still a high tech science experiment mostly supported by the permissiveness of banks and governments. It is going to follow the markets - not go against them.

I wish more people here would realise this. When has btc ever shown any signs of acting as if it were a safe haven? Outside of these forums, basement dwellers and tech nerds, hardly anyone even knows what btc is. They might have heard of it once or twice. Wall Street is hardly likely to suddenly flock to crypto.

The US election result will probably have about as much impact on btc price as the much awaited halvening a few months ago - nil.

It's not a safe heaven asset per se, but the assertion that it could be, the publicity, and coverage that it gets as such in itself turns things bullish. Like the haircuts at Cyprus, doubt many Cypriots turned to BTC but the coverage that BTC got woke up some minds to its potential.

[TERA]

The tech nerds have all contributed a negative amount of money towards bitcoin E.G. they got bitcoin very cheap and dumped most of them at a high price, making money for themselves. The people who are buying Bitcoin now are the friends and relatives of the tech nerds as well as some investors and fintech startups who are betting on a proliferation of Bitcoin within the existing system of banking and commerce, and traders playing the rally. One of the best uses of Bitcoin is to have them on Poloniex to trade altcoins.

[LFC_Bitcoin]

I think we are set to have a period of stability in the price for a while. Sideways throughout November I believe.

[ImI]

I think we are set to have a period of stability in the price for a while. Sideways throughout November I believe.

I think we will see a runup to 780$ in november. lets see.

[spooderman]

Ok then there is not a very strong relationship between the stock market and Bitcoin. However, if the world goes into turmoil it is certainly not going to help Bitcoin. It is going to crash with everything else. Also there was more fear of a fed collapse in 2014 than there is now.

^^true

[strawbs]

The US election result will probably have about as much impact on btc price as the much awaited halvening a few months ago - nil.

Who said that the recent runup isn't caused by the halvening? The effect of the halvening is having a small but constant shortened supply that sums up over time. Obv we will never know but to rule it out just because at the day of the halvening iwe saw no spike is simply wrong. Cause if we could witness any effect it would play out in the MONTHS after the halvening. So exactly NOW. Just like 2012/13.

Yeah, I agree with you. Sorry, I should have said that the election won't have an immediate impact, as many here seem to think, in the same way that so many people were shouting that they expected an immediate impact due to halvening, which similarly failed to materialise overnight.

[yefi]

If you believe that a presidental election won't make a dent in the price of bitcoin you are in a dreamland of bitcoin as the only currency in the world and the "btc is all there is" type people's eyes only.

What the hell, blasphemer! Bitcoin non plus ultra!

[becoin]

Dollar cultists spreading FUD about best investment in 2016. Give me a break...

[criptix]

The tech nerds have all contributed a negative amount of money towards bitcoin E.G. they got bitcoin very cheap and dumped most of them at a high price, making money for themselves. The people who are buying Bitcoin now are the friends and relatives of the tech nerds as well as some investors and fintech startups who are betting on a proliferation of Bitcoin within the existing system of banking and commerce, and traders playing the rally. One of the best uses of Bitcoin is to have them on Poloniex to trade altcoins.

The thing is most people dont realise obvious stuff like that.
7 years of bitcoin and there are still so much noobs around.

My conclusion:
There are enough noobs to atleast create one or two mega pumps.

The economic outlook longterm is still uncertain.

[JayJuanGee]

The US elections should be pretty irrelevant to what BTC does: The policies are typically unaffected by the puppets elected, no matter what they've promised.

Please spare us your religious views.

Religion has no say in bitcoin (even if you are masking it with humor   Trumpville is going good & strong according to Michael Moore even though they are blind to what is currently going on in the world).

But some are strong devotees of bitcoin so you might say it has a religious like cult following.

Yes, for time to time, this theme of religion comes up in this thread regarding bullish beliefs about bitcoin, and it truly seems to be a denigrating and misplaced overgeneralization that attempts to lump bitcoin advocates into one camp, as if we were all of the same intensity regarding our beliefs about the future of bitcoin, which we should already recognize to be an attempt at spreading falsities.

[r0ach]

I keep hearing about the election effecting the price of Bitcoin but not which politician will effect the price in which direction

Woke up quick at about noon just thought that there might be a race war soon.  I gotta buy Bitcoin before the day begins before Hillary Clinton declares martial law and bitches about my alt-right friends. Walkin on the sidewalk I damn near went blind, young Bernie Sanders voters throwing up gang signs.  Ran in the house, grabbed a clip, with the AR15 on the side of my hip.  Decided to teach them a 30 round economics lesson, no habla engles was not the right answer to the question.  So I let the Alpine play, with make America great again by Trump W A, it was Pepe Pepe at the top of the list, then I left and went something like this.  Cruisin down the street lookin for the silver store, not derivatives, or shekels galore, went to the park to get the scoop, devil worshiping, child sex trafficking democrats out there cold shootin some hoops.

[JayJuanGee]

Ok then there is not a very strong relationship between the stock market and Bitcoin. However, if the world goes into turmoil it is certainly not going to help Bitcoin. It is going to crash with everything else. Also there was more fear of a fed collapse in 2014 than there is now.

My reading of history seems to vary a little bit from yours, and accordingly, I am not sure about what you mean in regards to the supposed Fed collapse fear existing in 2014..

If you recall late 2013, there was a fed government shut down that lasted about a month - it was actually a stand off that was much bigger than had occurred previously.  There was a denigration of the dollar and a considerable loss of confidence in the dollar that went along with that shut down and that stand off. 

In that same regards, there was a bit of turmoil in 2014; however, much of the fear about the stability of the feds was resolved with the reopening of the Feds in late 2013, and so by the time 2014, the path for the dollar was upwards.  In fact the dollar has been performing way above and beyond expectations for the totality of 2014 and 2015 and even into 2016, based on there has been no real alternative in which folks can invest (outside of dollar related assets), and yeah, it seems that currently the dollar is in a bubble?

And, certainly there is other stuff going on in the world, besides the performance of the dollar, but suggesting that there is going to be a systems wide failure, seems to be pie in the sky, and suggesting that bitcoin is correlated with traditional markets seems to be assuming system-wide failure, rather than the incrementalism that tends to happen. and in that regard, bitcoin does not seem to be exactly correlated to any existing asset, in part because of its paradigm shifting newness and room for growth, and also because it seems to be a different kind of asset that brings something new and different to the table (which is going to cause it to not be exactly correlated with variety of traditional assets, even if some of its performance may run parrallel to some asset classes from time to time).