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

[El duderino_]

via Imgflip Meme Generator

Ah one to close

[1715234154]

1715234154

[1715234154]

1715234154

[HairyMaclairy]

shonky foreign wiring

Lucas

[Hueristic]

We had gained $45 Billions since december 15th, we lost $16 Billions in 24 hours.
Fuck !
Merry Christmas anyway.

still a gain of 29 Billion in 10 days...

Always look on the bright side of life...  

https://www.youtube.com/watch?v=SJUhlRoBL8M

[El duderino_]

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.

Then i share Some with you... to send one in your name
BOB was very generous

Thx Bob you certainly help me out with sending ability’s (as many more do as well)
Thx a lot but i Will not hoard them .... just keep spreading them in Fun, good, appropriate post etc

3800ish a good candleMIC closing for this evening

A pump would be Nice (especialy this week when we have our run up to newyear)

[El duderino_]

via Imgflip Meme Generator

Ok ok

Maybe i still have a pity story for Xmass

Don’t be him just BUYBTC and keep buying, if we go lower its good and buy more if not, yeah Then you at least have BTC and your not that kinda Guy NOCOINER

Good night again

[bitserve]

How much do that signature campaigns pay nowadays? Maybe now that I am poor I should contemplate wearing one for f00d.

Not much! I live in a place where $10 a day is considered a decent salary (some jobs pay as low as $3 a day), so $40 a week for doing something I'd be doing anyway is pretty good.

Kind of gives you some perspective as to why there's soooo many frickin' bounty hunters basically trying to sift through crypto trash for a few dollars.

If you're truly interested, ChipMixer has the best paying campaign, but its also the hardest to get into.

Well as you say it is not much for first world countries, but still free money is free money. Also, yeah, I understand it can be a lot of money for people in way lower income countries or as some extra cash for very young people. Not to mention the people using a bunch of farmed accounts which explains why the majority of them doesn't really sound like real people interested in Bitcoin but just spit out the same useless nonsense over and over.

Still, $40 a week is almost $2000 a year, not that bad for an almost free extra.

Thanks for the info!

[El duderino_]

Somebody ordered a Wolf of Wall Observer Morty hat

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

Avatar-sized

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

 

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).

https://i.imgur.com/puOC0PE.jpg

Avatar-sized

I Will change it
What would this place look like whiteout XhomerX (thought jojo Said it before as well on one of those Nice gif Made Posts) but its true

[julian071]

Merry xmas everyone! Thanks for all the laughs, the insights, the bad advice and the great hat!!

[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.

Then i share Some with you... to send one in your name
BOB was very generous

Thx Bob you certainly help me out with sending ability’s (as many more do as well)
Thx a lot but i Will not hoard them .... just keep spreading them in Fun, good, appropriate post etc

3800ish a good candleMIC closing for this evening

A pump would be Nice (especialy this week when we have our run up to newyear)

Best thread on BTCT. Also merry Christmas.

Edit: Oh, Boblawbraw ninja'd me some merits as well. Thanks!

[VB1001]

xhomerx10

You will never be without work.

Your almost there as well

I am lowering the daily average, I suppose it is for the Christmas holidays, because I am active as every day, in my threads and of course in WO.

(Here is winter and my cat is cold in the head. )

Thanks, for your support.

[bitserve]

xhomerx10

You will never be without work.

Your almost there as well

I am lowering the daily average, I suppose it is for the Christmas holidays, because I am active as every day, in my threads and of course in WO.

(Here it is winter and my cat is cold in the head. )

Thanks, for your support.

Your merit increase rate has been impressive. Well done!

Now it is the activity rating what could slow you a little since 120 are required to wear an avatar, but you will also come there soon. And probably xhomer will have your hat ready even before

[VB1001]

^
If I am aware of it, but I will be much calmer when I have all the merit, the activity comes quick with the updates every 14 days.

Thanks.

[VB1001]

Bitcoin is just crawling and everyone is watching.

Linux: 1991
HTML: 1993
Mosaic: 1993
MP3: 1994
Geocities: 1994
Flash: 1996
Hotmail: 1997
HashCash: 1997
Paypal: 1998
Google: 1998
WiFi: 1998
Napster: 1999
MP4: 2001
Bittorrent: 2001
Tor: 2002
Myspace: 2003
Gmail: 2004
Git: 2005
iPhone: 2007
HTML5: 2008
Android: 2008

[rolling]

1.  Alts have no value of their own

2.  The price of alts is a function of how much greed / fear is in the market.

3. Fear / greed is determined by Bitcoin price performance.  

4.  Alts are denominated in BTC.  

5.  When people are greedy they buy alts using BTC.

6.  When people are fearful they sell alts using BTC.

ok, i understand most, but this would be true if actually people buy and sell.

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...

It's arbitrage bots.

When BTC dumps, there is an instant discrepancy in the alt trading pairs like BTC/ETH and then USD/ETH and in turn ETH/XRP etc, etc. The bots can scalp a nice profit by balancing out the ratios but there is not as much liquidity in the alt market so the moves are larger either up or down.

[d_eddie]

Teasing moves bewitch
Gentle volatility
Corn is a female

[d_eddie]

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?

It's arbitrage bots.

When BTC dumps, there is an instant discrepancy in the alt trading pairs like BTC/ETH and then USD/ETH and in turn ETH/XRP etc, etc. The bots can scalp a nice profit by balancing out the ratios but there is not as much liquidity in the alt market so the moves are larger either up or down.

The WO thread still manages to deliver advanced on-topic wisdom. On Christmas night, mixed with banter and greetings.

[JayJuanGee]

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?

It's arbitrage bots.

When BTC dumps, there is an instant discrepancy in the alt trading pairs like BTC/ETH and then USD/ETH and in turn ETH/XRP etc, etc. The bots can scalp a nice profit by balancing out the ratios but there is not as much liquidity in the alt market so the moves are larger either up or down.

The WO thread still manages to deliver advanced on-topic wisdom. On Christmas night, mixed with banter and greetings.

With a little jousting, too, from time to time.      

[infofront]

Bitcoin: 2009 (irrelevant)
Bitcoin Cash: 2017 (the future)

[HI-TEC99]

Bitcoin: 2009 (irrelevant)
Bitcoin Cash: 2017 (the future)

But what's Bitcoin Cash? Is it bcash ABC or bcash SV?

[HI-TEC99]

XRP: 2025 (transcendence)

Will the devs have finished dumping their premine by then?