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

[d_eddie]

Recently stock market took a couple hits too. Who knows if this is relevant for the immediate future.

[1714063412]

1714063412

[TERA2]

The strange part about all this is that the possibility to continue to another ATH is still not completely off the chart and could fit the previous pattern..

What would the timeframe for an ATH be though?

It would have to occur within a couple weeks. It doesnt look like this is happening...

[gembitz]

https://www.cnbc.com/2018/01/30/facebook-cryptocurrency-ads-banned--including-bitcoin-and-icos.html

Facebook banning ALL crypto advertising including the legit companies.

lol we banned facebook along time ago #richardstallman

[pablito1989]

Don't panic sell guys, don't panic sell.. Keep HODLING!

[TERA2]

Whoever gets the most merits by the end of the year gets Satoshis stash. GO.

[toknormal]

Chief bitcoin troll at University of New York Stern School of Business is enjoying himself.

[Globb0]

[Last of the V8s]

I like this new merit system.

It seems to raise the standard of the discussion appreciably. I see a rise in newbie accounts posting well thought-out posts and old accounts thinking a bit harder before they post the first random crap which comes to their minds.

agree.
all these deserve it imnvho

(ofc Biodom was always a good poster)
now for some random crap:

welcome newbs and all who work the program

[Wekkel]

One would think that a professor applies more rigid standards before declaring theory to be the truth. The 'experts', oh well  

[Torque]

Chief bitcoin troll at University of New York Stern School of Business is enjoying himself.

Good lord that guy is completely fixated on Bitcoin. No doubt that he's a central bankster puppet.

[Torque]

Recently stock market took a couple hits too. Who knows if this is relevant for the immediate future.

So the bond market sold off today, the U.S. stock market sold off 1%, AND Gold and Silver got hammered, AND crypto got FUD'ed.  

All on the same day, at the end of Jan? When some of those things should be inversely correlated?? Yeah, makes perfect sense.  

Expect all markets to continue bull run.

[conspirosphere.tk]

So the bond market sold off today, the U.S. stock market sold off 1%, AND Gold and Silver got hammered, AND crypto got FUD'ed.  

All on the same day, at the end of Jan? When some of those things should be inversely correlated?? Yeah, makes perfect sense.  

Expect all markets to continue bull run.

A question is how the USD going down the drain plays out in all this.


https://www.investing.com/quotes/us-dollar-index-streaming-chart

[Lopumbo]

is it true that withdrawals are disabled on bitfinex?

[toknormal]

Don't really know what point you're trying to make Globb0.

The point I was making was that when an entire asset sector has a single entity like Tether in its midst that's capable of bidding up the market at will with limitless supply, that is a toxic situation. That isn't the case with "pure crypto" assets like BitUSD. Their supply is not created arbitrarily out of thin air and is always market backed which is why you occasionally get those spikes you're pointing out.

The reason is stays on its peg is that when it spiked down like that there is a huge market gain to be made for traders taking the long side in order to restore the peg (which is exactly what has happened since that dump occurred. See current price):

[Dakustaking76]

Guys we have new ath €7900 hitted kraken fiew hours ago 

[FractalUniverse]

is it true that withdrawals are disabled on bitfinex?

I dont know about today, but i made btc withdrawal on sunday. So far every withdrawal worked without any problems.

Im surprised how nearly everyone here seems to be switching to panic mode

[El duderino_]

Just arrived after 10 hours to see a +- 1k drop :-( stop shaking the three allready

[explorer]

So the bond market sold off today, the U.S. stock market sold off 1%, AND Gold and Silver got hammered, AND crypto got FUD'ed.  

All on the same day, at the end of Jan? When some of those things should be inversely correlated?? Yeah, makes perfect sense.  

Expect all markets to continue bull run.

A question is how the USD going down the drain plays out in all this.


https://www.investing.com/quotes/us-dollar-index-streaming-chart

Watching metals and oil take a hit (USD) while CAD stays up against USD is a clear indication of falling USD, but I wouldn't get too excited - it won't last.


Torque - Agreed.

[jojo69]

note to self:

watch mempool for early indication of volatility

[JayJuanGee]

going below 10K in a few minutes.

The FUDsters want it so bad, don't they? Sub 10k. I can almost smell the fear...

EDIT: And will ya look at that, some FUD news timed perfectly.    

Torque.   I gotta attempt to find some hilarity with your theme repetition.  And, surely I have some respect that you don't give up...

Nonetheless, let me make another point.  Do you know that many large news organizations already have 90% of the content of obituaries pre-written for notorious people, but merely because they engage in this practice does not mean that they have any fucking clue regarding the timing of the death of the notorious person, even though when such notorious person dies, they are able to publish their well thought out story within an hour or so of notorious person's death.   Go figure.