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Question: Will bitcoin ever go below $10K again in your lifetime?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22714450 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
Globb0
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Twitch.tv/Globb0 ChefCatRadio.com


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December 25, 2018, 05:31:28 PM

https://www.youtube.com/watch?v=7otIK_5rpB8
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HI-TEC99
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December 25, 2018, 05:58:04 PM

Merry Xmas Bitcoinland. Greetings on this day of family, friends, food and music.

Peace to all, bulls and bears alike.



Too bad about the Bitcoin price... currently $3750USD/$5130CAD (Bitcoinaverage).

Let's hope this dip below $4k is short-lived.

Happy Xmas.
jojo69
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no FOMO


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December 25, 2018, 06:06:32 PM

In other Christmas traditions, Mrs V8s' Aga went out sometime in the night. Certain dogs were complaining of the chill by 5am. It restarted easily enough for once, but is useless for anything till tomorrow really.
We do have a spare gas cooker in the back kitchen, but she uses all that for the Christmas meals on wheels for the villages, while I attend to our own lunch in her kitchen and entertain anyone staying plus the drivers who ferry the meals around.
Right, so lots of early morning rallying around later, heaters have been borrowed and showers had in friends' bathrooms.
Can see our own lunch not being ready till 5 or so, which is fine. All very Spanish hours.
Every year we promise ourselves to sort the plumbing, heating and cooking arrangements out in this house, but it would be a huge upheaval and a total waste of filthy fiat moneys, which would be far better spent on certain proper, sound, valuable, store of wealth type things.

Peasant that I am, I had to google Aga.

Now there is another thing I want damn you.
VB1001
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December 25, 2018, 07:02:10 PM

If all your businesses are like that, a great business future awaits you, so please, thank you for ruining yourselves.
The worst part is that he ruins his employees and their families, and those who bought their shitcoin, but that does not matter to him.



https://www.crypto-economy.net/en/bitcoin-btc-bitcoin-mining-giant-bitmain-set-to-fire-half-of-its-employees/
Febo
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December 25, 2018, 07:07:18 PM

If all your businesses are like that, a great business future awaits you, so please, thank you for ruining yourselves.
The worst part is that he ruins his employees and their families, and those who bought their shitcoin, but that does not matter to him.



https://www.crypto-economy.net/en/bitcoin-btc-bitcoin-mining-giant-bitmain-set-to-fire-half-of-its-employees/

I hope you are not worried for them. All of them can get same or better job really fast.
BTCMILLIONAIRE
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December 25, 2018, 07:08:22 PM
Merited by BobLawblaw (10), El duderino_ (2)



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.

Would merit for attentiveness, but ran out meriting the Mic whisky taster set.
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December 25, 2018, 07:18:29 PM

Somebody ordered a Wolf of Wall Observer Morty hat



Avatar-sized





 Shocked

I love it! It’s better than I could have imagined! Thank you so much homer, it’s definitely at the top of my list of favorite gifts I received today! I shall wear it with pride! Grin

Merry Christmas WO’s, HoDlers, and, well, everyone!  Smiley





 You are most welcome but please accept my apologies because I had hooked up my old monitor to a new computer and I didn't properly adjust the settings so there is a significant blue tint those two hats.
I believe this looks slightly better (and hopefully not only to me).



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BTCMILLIONAIRE
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December 25, 2018, 07:25:09 PM

Not gonna lie, wish I had come up with that hat first. It's the perfect WO hat.
VB1001
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December 25, 2018, 07:26:29 PM

xhomerx10

You will never be without work. Wink
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December 25, 2018, 08:06:05 PM
Last edit: December 25, 2018, 08:19:52 PM by mindrust

The next economic crisis is looming.  Stock market will be crashing a lot more and eventually the US dollar will no longer be the world currency.

United States have tricked other countries to trade their goods that require actual work to produce in exchange for worthless USD that they are printing at an alarming rate.

BTC
BTC
BTC

A crashing stock market will do no good to BTC neither. At least in the short term.

What do you guys think will happen when the stock markets crash? What's your stories about the upcoming events?

Here is what I think:

As much as I like Btc, during an event like this, I think the majority will be cashing out for dollars. Only at first. Dollar's value will skyrocket and will outperform anything; including gold, btc and everything else. And then the banks... Banks won't be able to provide the liquidity because the demand for the physical dollars will be huge.

This may drive BTC to 3 digits, because everybody will be running for their lives. Sure hodlers won't care because most of them are probably dollar cost averaging and avoiding over-investing. (probably no debts neither) So their cash will be enough to survive.

USD will be like:


What then?

People will say "Enough is Enough!"  Grin

What's going to replace the Dollar???

Like you said, If people stop trusting the USD, what will be the new reserve currency?

I don't know If it is going to be BTC because like everybody, I don't know. What I know is, no matter what the game is, Bitcoin will have its seat secured in the game but that doesn't mean BTC will be the reserve currency. C'mon that's silly. Even for the maximalists like us.
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Be a bank


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December 25, 2018, 08:12:49 PM
Merited by El duderino_ (1)

Love you Wall observers. You're the best guys. The very best guys
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December 25, 2018, 08:14:29 PM
Merited by Raja_MBZ (1)

Bitcoin Core 0.17.1 released

https://lists.linuxfoundation.org/pipermail/bitcoin-core-dev/2018-December/000072.html
Last of the V8s
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December 25, 2018, 08:26:35 PM


luckygenough56
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December 25, 2018, 08:27:49 PM

fake low volume pump is fake
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December 25, 2018, 08:31:02 PM

xhomerx10

You will never be without work. Wink
Your almost there as well
Wink
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December 25, 2018, 08:32:09 PM
Merited by BobLawblaw (30)

Love you Wall observers. You're the best guys. The very best guys

Another last Smerit Wink

Also thx for helping me already few times Wink

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December 25, 2018, 08:46:34 PM



 Cool

weeeee
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December 25, 2018, 08:55:07 PM
Merited by jojo69 (1)

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December 25, 2018, 08:56:47 PM
Last edit: December 25, 2018, 09:07:32 PM by luckygenough56

bitcoin : + 3000 euros
grandmothers : + 500

decent christmas overall

grandmothers more stable than crypto tho  Smiley
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December 25, 2018, 09:13:12 PM


You're getting close; now just a hundred more left, Hairy! Wink

Merry XMAS!
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