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

[El duderino_]

A Christmas dump?

How lovely to put us in a great mood for the day.....FUCK IT (for one day).

Happy Xmas my HODL brothers & fuck you to the trolls & shills.

same man

just let the charts give us some green again.....

i had almost 0 nocoiners taking there hit on BTC @ the table last evening, i was surprised by that

[El duderino_]

Somebody ordered a Wolf of Wall Observer Morty hat

https://i.imgur.com/ns58NSa.jpg

Avatar-sized

awesome one who is it ??

[LFC_Bitcoin]

A Christmas dump?

How lovely to put us in a great mood for the day.....FUCK IT (for one day).

Happy Xmas my HODL brothers & fuck you to the trolls & shills.

same man

just let the charts give us some green again.....

i had almost 0 nocoiners taking there hit on BTC @ the table last evening, i was surprised by that

Nobody has said anything to me yet either, I am surprised. Maybe when they are a little drunk they will attack later

[Hexah]

Exactly and if you think about it 1btc is still 1 btc. Weak hands and just baggers for a bull market should perish in this sphere.

[El duderino_]

A Christmas dump?

How lovely to put us in a great mood for the day.....FUCK IT (for one day).

Happy Xmas my HODL brothers & fuck you to the trolls & shills.

same man

just let the charts give us some green again.....

i had almost 0 nocoiners taking there hit on BTC @ the table last evening, i was surprised by that

Nobody has said anything to me yet either, I am surprised. Maybe when they are a little drunk they will attack later

i'm already passed the drunkenness and all .... of that family part last night so i'm good

what will be next for the price...? another big BIG green bar up or more down ?

[dutchlincoln]

When btc gets a dump, and the same microsecond the alts get a dump as well, it cannot be people being greedy/fearful, right? it must be a coupling in some form to the mastercoin, btc?

im not saying anything about the intrinsical value of an alt itself, nor if its a good or a bad alt, but just these fluctuations intrigue me and i dont really understand...

Not sure I understand your question : the answer seems self evident :

There is trading constantly on multiple exchanges 24/7, every second of the day. The alt prices (on coinmarket cap or whatever) are based on 'last trade' for a number of exchanges. The trade is in BTC, that is converted to $$ in the quote. If BTC $ price changes, then so must the alt $ price, even if there is no further trade.

If a bid/offer is hit then the BTC price changes as well.

i appreciate the explanation, and it seems fair in regards to $$ value, but thats not what i meant, and thats also the part i dont understand.

When bitcoin makes a pump or a dump, the alt varies in BTCprice as well, and thats strange to me. (as your explanation (as far as i understand) states the $$ price must go up and down seems logic as the BTC value varies in $$ value. That makes sense. But why does the BTC value of the alt change so much as well?? Thats double... For instance: when BTC takes a drop of 10% in $$ value, the ALT makes adrop of 10% in $$value (logic), AND a drop of 10% in BTC value as well (unlogic),  makes a total devaluation of that coin of 20%..)

The user BTCMILLIONAIRE explained what could be the cause: When it is clear the BTC is in a downtrend you could get profits by shorting altcoins for fiat:

Furthermore, if there's any indicator that Bitcoin will be tanking it would be fairly easy to short alts for fiat and then rebuy alts at a cheaper per BTC rate with cheaper Bitcoins (obviously comes with elevated risks).

Basically, Bitcoin down = make double the money by shorting shitcoins. So the connection between futures tanking Bitcoin and altcoins tanking even more is crystal clear once you crunch the numbers.

thanks all, this makes sense. Complicated matter...

[Cryptotourist]

Merry Xmas!
I wish the best of health to all of you.

I know things don't look too chubby ATM & we missed the $4300 mark yesterday, but I still stand firm that the $5000 area is pretty soon inevitable.

[d_eddie]

The recent boiling of volatility has helped me reduce my positions further without a dent in my profits - actually a slight, insignificant increase. My liquidation price for the short is >70k now, while the long is in danger if the corn dives under $1.3k. Looking forward to closing everything and getting out with another ~7-8% increase in profit. Then it'll be popcorn all the way into the bullrun. Except maybe another tasty BCH short if it pulls its head higher than, say, 0.058-0.06 btc.

Merry Xmas everyone. Going to have another glass

[gembitz]

xmas drugs pump over?     weee

[d_eddie]

Ohhh gembits! Our mosquito friend!
weee choo choo, choo choo wee. We weee, choo.
(we had some volatility here, now we're mostly drunk and bickering a little.)

Where have you been? In the swamp, by your favorite xmas reed?

[xhomerx10]

Somebody ordered a Wolf of Wall Observer Morty hat

https://i.imgur.com/ns58NSa.jpg

Avatar-sized

awesome one who is it ??

BinaryReign requested it when you posted the train-full of WO hatters

[gembitz]

Ohhh gembits! Our mosquito friend!
weee choo choo, choo choo wee. We weee, choo.
(we had some volatility here, now we're mostly drunk and bickering a little.)

Where have you been? In the swamp, by your favorite xmas reed?)

yeah i let bitcoin run for a minute...    #swampthang going for the green!

[d_eddie]

Somebody ordered a Wolf of Wall Observer Morty hat

https://i.imgur.com/ns58NSa.jpg

Avatar-sized

awesome one who is it ??

BinaryReign requested it when you posted the train-full of WO hatters

The green candle background is a touch of class! I'd also like a hat with a background running out of bounds one day... maybe when I become a hero!

[d_eddie]

yeah i let bitcoin run for a minute...    #swampthang going for the green!

Hmm thanks but don't hover too close to the corn, lest she gets annoyed and swats you! Well, not on Xmas day anyway.

[gembitz]

Somebody ordered a Wolf of Wall Observer Morty hat

https://i.imgur.com/ns58NSa.jpg

Avatar-sized

awesome one who is it ??

BinaryReign requested it when you posted the train-full of WO hatters

The green candle background is a touch of class! I'd also like a hat with a background running out of bounds one day... maybe when I become a hero!

 
weeeeee

[d_eddie]

pumperinos nearly undone. Are we in for some more rollercoaster time until end of year? I'd guess we are.

[El duderino_]

Somebody ordered a Wolf of Wall Observer Morty hat

https://i.imgur.com/ns58NSa.jpg

Avatar-sized

awesome one who is it ??

BinaryReign requested it when you posted the train-full of WO hatters

The green candle background is a touch of class! I'd also like a hat with a background running out of bounds one day... maybe when I become a hero!

giving you my last Smerit... you have enough activity and should be HERO long time already .... this man deserve some merit
have a fine X-mass

(normally i only try to send my last Smerit when i'm F***ed up drunk, its became a thing but i can still feel some of the wines of last evening)

[El duderino_]

Somebody ordered a Wolf of Wall Observer Morty hat

https://i.imgur.com/ns58NSa.jpg

Avatar-sized

awesome one who is it ??

BinaryReign requested it when you posted the train-full of WO hatters

The green candle background is a touch of class! I'd also like a hat with a background running out of bounds one day... maybe when I become a hero!

 
weeeeee

better unload your swamp Smerits on d_eddie make him a hero    (doing nothing with them is also stupid)

then say Weeeeeeee

[d_eddie]

giving you my last Smerit... you have enough activity and should be HERO long time already .... this man deserve some merit
have a fine X-mass

(normally i only try to send my last Smerit when i'm F***ed up drunk, its became a thing but i can still feel some of the wines of last evening)

The Goose's last sMerit is an honor!   Thank you my friend!

@gembitz
I think Mic and I are the only ones who occasionally translate things in weetalk for you 

[El duderino_]