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

[bitserve]

When Dash bursts, even if all of it went to fiat it should not affect bitcoin price... and if some percentage of it goes to Bitcoin that means up, not down for bitcoin.

I guess most people would trade Dash -> BTC -> Fiat. By far, Dash/BTC is the largest market, Dash/USD is tiny compared to it. I don't think there will be a relevant impact of a massive Dash -> BTC movement into the BTC/USD price, but a large "Dash bank run" into fiat via BTC could affect the price to the downside.

Volume of Dash was 25-75 million per day in the last week, so there is some money in there. Maybe not sufficient for a large crash, but it could cause a correction, above all if - as you speculate - there were massively masternodes withdrawing from the Dash ecosystem.

But I think you are not taking into account that if they go from dash to btc and then into fiat that's a zero sum. I mean, if during a week ALL of dash went to btc and then into fiat, the end result would be no change in BTC price (not for the usage of BTC as a way out to fiat).

Also, I am sure that a good chunk of it would end into BTC so that would mean positive impact on the price.

[r0ach]

I have infiltrated the Chinese trading market:

<fuq> chinese ppl hang pork in the air to dry to make bacon
<fuq> they hang bacon next to their clothes
<fuq> lol
<Ren-CN> lol
<Ren-CN> yes

[silverfuture]

Walls seem to be falling with increasing volume.

[r0ach]

Are alt coins taking over? What the fuck is going on?

This don't look too good for bitcoin

Nah, the writing was on the wall that with the ETF being rejected, "they" (as MatTheMat refers to) couldn't keep raising it higher and higher and find people to dump their expensive coins on.  What you just discovered is how small and manipulated this entire market really is.  It looks like to me that Digital Currency Group transferred out of BTC and over to Bologniex to pump scamcoins (to find idiots to dump expensive Eth on) and this single entity (including their media outlet mouthpiece Scamdesk) can control the price of all alts at once or if BTC goes up or not.  The bitcoin market is not that big, it's all an illusion.

[jbreher]

I'm expected to trust these people with the Bitcoin network?

This is Bitcoin. If we need to trust anyone with it, it has already failed.

http://static5.businessinsider.com/image/52efcb506bb3f71d0f3e1f63-1130-847/groundhog-day-bill-murray-6.jpg

Hmm... Bill Murray, I know... Google Image Search tells me 'Groundhog Day' - a movie I've never seen (despite my finding Andie MacDowell (she was in that, right?) a room-filling brilliance). Relevance? You and I have been kicking around these parts publicly since mid-2011 (somewhat longer as an unregistered lurker for me). The movie is something about the same events playing over & over?

[jbreher]

ETH has good fundamentals,

Fundamentals?

ETH fundamentals?

OK, help me out here... fundamentally, what is ETH good for?

[gembitz]

ETH has good fundamentals,

Fundamentals?

ETH fundamentals?

OK, help me out here... fundamentally, what is ETH good for?

^eth the slower dash meh~ :-D

[edgar]

btc - nooooooooooooooooooooooooooooooooooooooooooo



not really, lets see some mf triple digit coins for meeeeeeee!!

[xinzark]

And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

[Killerpotleaf]

And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

what crash?
oh i see down -1.5%

seems like blind selling.

pretty sure random blind selling will break support at these high levels
then at -5% people will get nervous
at -15% there gana panic
and then i can finally buy back, before the forking.

[xinzark]

And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

what crash?

Just see the bitfinex movement buddy. Price dropped down by $40

[Hunyadi]

And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

Crash?! Are you serious? -30 USD is not that bad when we are sitting on four digits.

[Killerpotleaf]

And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

what crash?

Just see the bitfinex movement buddy. Price dropped down by $40

oh i see down -1.5%

seems like blind selling.

pretty sure random blind selling will break support at these high levels
then at -5% people will get nervous
at -15% they're gonna panic
and then i can finally buy back, before the forking.

[Killerpotleaf]

there we go a bear FINALLY someone came to his senses

[xinzark]

And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

Crash?! Are you serious? -30 USD is not that bad when we are sitting on four digits.

Yeah not much of a crash unless it's $100 because we are used to it

[MNDan]

And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

what crash?

Just see the bitfinex movement buddy. Price dropped down by $40

oh i see down -1.5%

seems like blind selling.

pretty sure random blind selling will break support at these high levels
then at -5% people will get nervous
at -15% they're gonna panic
and then i can finally buy back, before the forking.

Right after the monkeys fly out of my butt!

[silverfuture]

And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

what crash?

Just see the bitfinex movement buddy. Price dropped down by $40

oh i see down -1.5%

seems like blind selling.

pretty sure random blind selling will break support at these high levels
then at -5% people will get nervous
at -15% they're gonna panic
and then i can finally buy back, before the forking.

Right after the monkeys fly out of my butt!

You have monkeys in your butt? 

[600watt]

obviously this is revenge-selling of butt-hurt large stack BU advocates. the timing is telling.

/tinfoil hat off.  


edit: civil war needs to stop.

[Mervyn_Pumpkinhead]

ETH has good fundamentals,

Fundamentals?

ETH fundamentals?

OK, help me out here... fundamentally, what is ETH good for?

ETH is currently as good as any other crypto - meaning it's basically no good for anything other then gambling What makes ETH's fundamentals good are it's core mechanics that keep it open to a wider range of applications for the future. This means more arguments to buyers, on why they should be excited about buying. The crypto markets in general need constant flow of new ideas of innovation to keep people excited enough to keep them from exiting. ETH has potential in my eyes just because it's easy to sell ETH to people that have no idea about crypto. I don't try to determine what crypto will prevail in practical use, it's enough for me to determine what crypto can be sold the easiest. That's why I got interested in ETH just when it was around 1$. I had no idea if ETH's technical side will live up to it's promises. But I knew that the given promises will get a lot of attention.

But at least for some days, I'm out of ETH. The ETH market is no stranger to concentration of wealth and these fast surges usually end when FOMO is strong and they end rather harshly. I could be wrong and ETH could continue the surge. But luckily ETH has served me well enough this month, that I can afford to be wrong and make my bet following my regular principles of trading.

[marcus_of_augustus]

ETH has good fundamentals,

Fundamentals?

ETH fundamentals?

OK, help me out here... fundamentally, what is ETH good for?

ETH is currently as good as any other crypto - meaning it's basically no good for anything other then gambling What makes ETH's fundamentals good are it's core mechanics that keep it open to a wider range of applications for the future. This means more arguments to buyers, on why they should be excited about buying. The crypto markets in general need constant flow of new ideas of innovation to keep people excited enough to keep them from exiting. ETH has potential in my eyes just because it's easy to sell ETH to people that have no idea about crypto. I don't try to determine what crypto will prevail in practical use, it's enough for me to determine what crypto can be sold the easiest. That's why I got interested in ETH just when it was around 1$. I had no idea if ETH's technical side will live up to it's promises. But I knew that the given promises will get a lot of attention.

But at least for some days, I'm out of ETH. The ETH market is no stranger to concentration of wealth and these fast surges usually end when FOMO is strong and they end rather harshly. I could be wrong and ETH could continue the surge. But luckily ETH has served me well enough this month, that I can afford to be wrong and make my bet following my regular principles of trading.

Fuck off with your alt-coin pumping shit thanks.

the only time you show up here is to pump your shitcoins and dump on bitcoin ... we don't need your eastern euro-trash shittalk around here thanks.