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

[aminorex]

What I dont get is how good news after good news comes out, BTC hardly moves up... yet the first sniff at something negative, the markets tank, though short lived most times, but the reaction is so much more quicker.

It works the same way analog/classical/legacy securities markets work:  When there's good news, the market reacts in horror; when there's bad news, the market reacts with glee.

In the liar's promises market, this is understood to be because the prices are set by Fed policy, and when there is bad news, the fed makes policy drag risk up, while when there is good news, the fed is likely to allow slightly more rational risk discounting.

Why it happens in the honest proofs market as well?  I suspect the fiat pricing means the same risk discounting impact that applies to the vapor-at-the-break-of-dawn market gets applied to fiat-priced eternal verity market.  Fiat creates a web of illusions, and most of the fiat is held in the hands of unenlighted atavist ur-humans.

[1715544607]

1715544607

[ChartBuddy]

Explanation

[theonewhowaskazu]

What I dont get is how good news after good news comes out, BTC hardly moves up... yet the first sniff at something negative, the markets tank, though short lived most times, but the reaction is so much more quicker.

It works the same way analog/classical/legacy securities markets work:  When there's good news, the market reacts in horror; when there's bad news, the market reacts with glee.

In the liar's promises market, this is understood to be because the prices are set by Fed policy, and when there is bad news, the fed makes policy drag risk up, while when there is good news, the fed is likely to allow slightly more rational risk discounting.

Why it happens in the honest proofs market as well?  I suspect the fiat pricing means the same risk discounting impact that applies to the vapor-at-the-break-of-dawn market gets applied to fiat-priced eternal verity market.  Fiat creates a web of illusions, and most of the fiat is held in the hands of unenlighted atavist ur-humans.

Or... humans are just risk averse.

[BTCfan1]

looks like the 635 wall on stamp is going to get eaten....very slowly........................

[Wary]

What I dont get is how good news after good news comes out, BTC hardly moves up... yet the first sniff at something negative, the markets tank, though short lived most times, but the reaction is so much more quicker.

It works the same way analog/classical/legacy securities markets work:  When there's good news, the market reacts in horror; when there's bad news, the market reacts with glee.

In the liar's promises market, this is understood to be because the prices are set by Fed policy, and when there is bad news, the fed makes policy drag risk up, while when there is good news, the fed is likely to allow slightly more rational risk discounting.

Why it happens in the honest proofs market as well?  I suspect the fiat pricing means the same risk discounting impact that applies to the vapor-at-the-break-of-dawn market gets applied to fiat-priced eternal verity market.  Fiat creates a web of illusions, and most of the fiat is held in the hands of unenlighted atavist ur-humans.

I would understand it were the news general-economy news. But they are bitcon-related news. Bitcoin is too small to affect dollar or economy, so why would Fed react to Dell or NY news?

[Torque]

What I dont get is how good news after good news comes out, BTC hardly moves up... yet the first sniff at something negative, the markets tank, though short lived most times, but the reaction is so much more quicker.

[Newbie1022]

looks like the 635 wall on stamp is going to get eaten....very slowly........................

It won't be as slowly as you think. Note that the kick up in volume right by the Chinese right after the Dell news was at about 1 in the morning. Wait for China to wake up... they are the higher volume players... It seems like China is the driver and Stamp traders don't want to stray too far away and be stuck out on a limb. I bought back in today contrary to my initial plan... the price is still cheap given the news... it really is pretty big news.

P.S. - Dell computers are garbage... but their company is ginormous.

[Newbie1022]

And I lean closer to a bear in most situations (I am bullish long-term, but still bearish in comparison to most) and I am telling you that right now I think we are way undervalued.

[BrewCrewFan]

What I dont get is how good news after good news comes out, BTC hardly moves up... yet the first sniff at something negative, the markets tank, though short lived most times, but the reaction is so much more quicker.

That would be a great change for once IMO.

[JorgeStolfi]

I would think that the proposed NY regulations for cryptocurrencies are bad news, that more than compensate for Dell "accepting bitcoins".  So perhaps one should ask why isn't the price falling now.

(Well, you know my explanation for that, and I know that you don't like it...)

[criptix]

I would think that the proposed NY regulations for cryptocurrencies are bad news, that more than compensate for Dell "accepting bitcoins".  So perhaps one should ask why isn't the price falling now.

(Well, you know my explanation for that, and I know that you don't like it...)

may i ask if you own bitcoins?

im wondering why you are spending so much time on this forums despite displaying kinda hate against bitcoin 

[Newbie1022]

I would think that the proposed NY regulations for cryptocurrencies are bad news, that more than compensate for Dell "accepting bitcoins".  So perhaps one should ask why isn't the price falling now.

(Well, you know my explanation for that, and I know that you don't like it...)

I don't think anybody expected the Lawsky situation to be any better than it was. Moreover, the general tenor is positive, towards adoption, and encourages feedback from users. So, I think that the Lawsky was more a non-event that was already priced in. And, in fact, if anything, it would weigh ever so slightly positive because whenever there is a government announcement there is the risk of a negative surprise. There was no such major negative surprise. Thus, I think you are off on this one.

[Newbie1022]

By the way... it is time to roll out the Ron Paul meme... because it is happening (or at least starting to).

[shmadz]

P.S. - Dell computers are garbage... but their company is ginormous.

I've been using the alienware m11x r3  for work for the last 5 years or so and it is rock solid.

Just wanted to say that not all Dell products are crap.

[Newbie1022]

P.S. - Dell computers are garbage... but their company is ginormous.

I've been using the alienware m11x r3  for work for the last 5 years or so and it is rock solid.

Just wanted to say that not all Dell products are crap.

Touché. I was thinking about the really crumby Dell computers that never really work at my college.

[ChartBuddy]

Explanation

[spooderman]

I know I'm late to teh party but.....DELL? The most crazy optimists are usually bang on when it comes to bitcoin

My prediction is that an online giant the size of facebook, amazon, google or ebay will finally give up trying to resist bitcoins charms before the end of this year.

And that, my friends is true moonage.

Maek sure u r hodl.

[BitChick]

By the way... it is time to roll out the Ron Paul meme... because it is happening (or at least starting to).

Let's just wait until we at least pass $650 or even $700.  Then I might start getting a little excited.  

[hyphymikey]

Who let the dumptard out?

[theonewhowaskazu]

Big sell order on stamp