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

[phoenix1]

http://www.sovereignman.com/finance/top-finance/this-is-huge-chinese-renminbi-becomes-directly-tradable-with-the-euro-15133/

Perhaps this would cause some lessening of buying in the Chinese markets. But then it would also cause less selling in the Western markets. Net effect = 0, imo, but I'm no expert and would love a second opinion.

Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status.
As the recent fall in BTC is inversely correlated to USD strength, this is possibly bullish for BTC as we may see the USD turn around on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge.
Interesting times.

Yes, very. Timing's interesting too, Japanese and European markets are falling and look like they're gaining momentum and the props are shaking on US markets. Any thought's on the change of head at PBOC?

some say that that $ may reach parity with the € by year's end.

Wouldn't be surprised, the ECB's about to print a trillion euros in a QE type thing so the euro's going down one way or another.

Perhaps when Germany and a few others leave ...
Despite the fact the Bitcoin isn't mentioned, and it's quite sensationalist tone, I thought a lot of the ideas in this were actually very plausible. Extreme, sure, but we are in unprecedented times. Someone posted the link to the second part recently ... both are worth a listen.

https://www.youtube.com/watch?v=BKuvvEdqEV0

As for your question re PBOC head, I am by no means an expert but I would guess it means less reform and less belt tightening.

[ShroomsKit]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

[jeezy]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

Because they desperately trying to keep it alive by pumping it obviously. There will be a time in the near future when this wont work any longer or they just run out of steam. Be patient young padawan.

[ChartBuddy]

Explanation

[phoenix1]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

Because they desperately trying to keep it alive by pumping it obviously. There will be a time in the near future when this wont work any longer or they just run out of steam. Be patient young padawan.

You would probably have more luck telling your cat to bark

[Asrael999]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

strongest of a bunch of weak currencies who are all competing to devalue. The USD is strengthening because it is at the close of its current bout of QE, the Euro is starting its, Japan is at the mid-point, and as for the CNY because it is not properly floated the government there is forced to contiually expand the credit in its system in order to keep its economy functional, and the debt burden there is already unsustainable.

We are building up to a bang that will make 2007/8 look like a fizzle.

[WompRat]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

Amateurs.  Gold bugs have been saying this for at least 35 years.  It will happen almost definitely soonish. 

[NotLambchop]

...
We are building up to a bang that will make 2007/8 look like a fizzle.

[Davyd05]

i can hope

[AirFlame]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

1x bunker ☑
1x supplies to survive for 5 years ☑
1x women ☑
1x power generator ☑
1x PC ☑

 

[Schickeria]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

It's even not certain that a dollar collapse would necessarily boost Bitcoin. There are some assumptions and some hints, but it's not that certain as some people say.

[Asrael999]

...
We are building up to a bang that will make 2007/8 look like a fizzle.

love it

[Room101]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

It's even not certain that a dollar collapse would necessarily boost Bitcoin. There are some assumptions and some hints, but it's not that certain as some people say.

Regardless of whether it does or doesn't,  if the dollar collapses everyone in the west is going to be a lot worse of than before..... no matter how many btc they own

[anu]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

The Dollar is not getting stronger. The Euro is getting weaker faster. The ECB essentially committed to buying up Greek and other junk bonds and convert them into never maturing bonds.

[ShroomsKit]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

It's even not certain that a dollar collapse would necessarily boost Bitcoin. There are some assumptions and some hints, but it's not that certain as some people say.

Yeah, i didn't even mention that. For some reason the collapse of the Dollars means everyone will move to Bitcoin for these people.

[marcus_of_augustus]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

It's even not certain that a dollar collapse would necessarily boost Bitcoin. There are some assumptions and some hints, but it's not that certain as some people say.

Regardless of whether it does or doesn't,  if the dollar collapses everyone in the west is going to be a lot worse of than before..... no matter how many btc they own

temporarily only. The best thing for the global economy right now is if the US dollar were to become part of a bad distant memory of what it was like being consigned to a fiat hell controlled by a comparatively tiny group of meglomaniacal psychopaths.

[Globb0]

£ is also looking stronger

[ChartBuddy]

Explanation

[kehtolo]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

Because they desperately trying to keep it alive by pumping it obviously. There will be a time in the near future when this wont work any longer or they just run out of steam. Be patient young padawan.

You would probably have more luck telling your cat to bark

I suspect the odds are far better for the cat barking (then washing the car and cooking dinner).

https://www.youtube.com/watch?v=aP3gzee1cps

[NotLambchop]

...
The Dollar is not getting stronger. The Euro is getting weaker faster. ...

If that's so, what of Bitcoin?  Fell ~60% rel. $


Oh yeah, almost forgot...