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

[Febo]

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.

[1715166626]

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[BTCMILLIONAIRE]

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.

[xhomerx10]

Somebody ordered a Wolf of Wall Observer Morty hat



Avatar-sized

 

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!

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

 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).



Avatar-sized

[BTCMILLIONAIRE]

Not gonna lie, wish I had come up with that hat first. It's the perfect WO hat.

[VB1001]

xhomerx10

You will never be without work.

[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!"  

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.

[Last of the V8s]

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

[HairyMaclairy]

Bitcoin Core 0.17.1 released

https://lists.linuxfoundation.org/pipermail/bitcoin-core-dev/2018-December/000072.html

[Last of the V8s]

Bitcoin Core 0.17.1 released

https://lists.linuxfoundation.org/pipermail/bitcoin-core-dev/2018-December/000072.html

[luckygenough56]

fake low volume pump is fake

[El duderino_]

xhomerx10

You will never be without work.

Your almost there as well

[El duderino_]

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

Another last Smerit

Also thx for helping me already few times

[gembitz]

 

weeeee

[HairyMaclairy]

[luckygenough56]

bitcoin : + 3000 euros
grandmothers : + 500

decent christmas overall

grandmothers more stable than crypto tho 

[Raja_MBZ]

Bitcoin Core 0.17.1 released

https://lists.linuxfoundation.org/pipermail/bitcoin-core-dev/2018-December/000072.html

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

Merry XMAS!

[Last of the V8s]

Thanks Hairy; she says she only does it so she can poke about the old people's hovels and then laugh about them with her friends later.
Thanks kurious; loved the Banksy tree too. This aga is v old, transported way away from its original home and then converted from oil to electricity, probably with shonky foreign wiring.
Thanks jojo, I suppose Agas are ok, but they're useless for some types of cooking, so you end up needing 2 cookers which is a bit bonkers. Women and dogs swear by them, I just swear at them.
Thanks micgoose you're a scholar and a gentleman.

Now having fed and watered 30 people, we're going to collapse and play silly games. One time we confounded some banker chappie in that game where you put someone's name on a piece of paper and stick it to his forehead and he guesses who is written there.

Am I a man? Probably, but nobody knows really
wtf Am i alive? Possibly not but nobody knows really
wtf Am I a real person? Certainly real but note that you might just be more than one person.
wtf, like the trinity in catholicism? Well yes but newsflash that lot ain't real.
wtf Am I a white possibly-alive probably-man? Well your name sounds very Japanese but you sounded more British than anything else
It went on, he could not guess it and gave up, but it turned out he had heard of satoshi and was very intrigued by it all, the game itself rather helping.

[lightfoot]

Indeed. Granted it's not stupid high like last year, but it's still a fairly reasonable bit of reserve. Merry Christmas everyone, keep accumulating coins!

[Last of the V8s]

grandmothers

[jojo69]