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

[spiderbrain]

Can the madness go on forever ?

The US has already exceeded one of the three classic precursors of hyperinflation. Japan, Europe and China aren't too far behind, However, because most of the money is nominally  sitting in shares (US) property (China) government debt (Europe, Japan) it's all holding together. Once people start trying to liquidate I suspect it will all turn to custard surprisingly quick.

Don't worry, crypto will be here to pick up the pieces

[Davyd05]

Can the madness go on forever ?

The US has already exceeded one of the three classic precursors of hyperinflation. Japan, Europe and China aren't too far behind, However, because most of the money is nominally  sitting in shares (US) property (China) government debt (Europe, Japan) it's all holding together. Once people start trying to liquidate I suspect it will all turn to custard surprisingly quick.

Don't worry, crypto will be here to pick up the pieces

yeah like when suicide hotlines numbers get posted on /r/bitcoin I am sure the financial distract sees some shit the day the big whales decided to liquidate and watch it all get ripe for the picking.

[indiemax]

who owns the moon?

http://www.iflscience.com/space/who-owns-moon

i think we all know the answer to that in here..

yeah,brought a few acres a few years back,bargain

[lyth0s]

What do you think about the USD ?
Why is it so strong ?
Is it because of the oil price going down ?

It's so "strong" simply because everyone is in a race to devalue their own currency and everyone is beating the USD at doing that right now. "strong" and "weak" dollar indexes are 100% manipulated by the central banks deciding on how much money to print in relation to other countries. Don't be fooled by these numbers like most people are.
Also the stock market looks pretty good right? Wrong. What else do you expect with QE x 3 and extremely low interest rates? Everyone puts their money in the stock market and the slow but steady rise is really more of a ponzi scheme than anything else right now.

I wonder how many QE can US do before the crash.
Will we see QE 10, QE 100 ?
Can the madness go on forever ?

The rest of the world is in more shit than USA. Capital has found save haven in USD as the rest of the markets are in poor condition, for example EU is in deflation and soon there will be nobody willing to lend to some of the EU members (France, Spain,...) which may need to default and thus many investors find holding Euro risky. There are taxes raising everywhere in hunt for money to prolong govermental status quo and socialstic utopia in many countries. Oil prices are only indicator that we may go into another global recession in the next months and investors are expecting lower demand for energy.

What will happen when West Europe goes bankrupt ?
The economy is global but as long as there is no real crash, everything goes well and USD get stronger.

We will never see a QE 100. Currently our Debt to GDP ratio is about 104% (debt is larger than GDP). QE 10 is possible but there will be real trouble before that point. I think somewhere around QE 5 people will lose most of their faith in fiat currency and will begin to buy hard assets, property and bitcoin and then we will see the USD rapidly lose value as everyone tries to "liquidate" their cash into stuff that actually has value

--Yes I just said liquidate cash/USD

[pinky]

I wonder how many QE can US do before the crash.
Will we see QE 10, QE 100 ?
Can the madness go on forever ?

The rest of the world is in more shit than USA. Capital has found save haven in USD as the rest of the markets are in poor condition, for example EU is in deflation and soon there will be nobody willing to lend to some of the EU members (France, Spain,...) which may need to default and thus many investors find holding Euro risky. There are taxes raising everywhere in hunt for money to prolong govermental status quo and socialstic utopia in many countries. Oil prices are only indicator that we may go into another global recession in the next months and investors are expecting lower demand for energy.

What will happen when West Europe goes bankrupt ?
The economy is global but as long as there is no real crash, everything goes well and USD get stronger.

If EU goes down it will also affect USA. Strong USD is a problem for USA as it becomes less competitive and strong USD is also a problem for many countries that borrowed in the USD. It's like vicious circle and "invisible hand" will always rebalance things. I guess more pain to come in the next years as countries will deleverage it's debts or defaults. Wars are also very likely scenarios as crisis just calls for blaming others for things you did wrong (as we saw in Ukraine you only need few idiots and momentum and shit can happen).

[ChartBuddy]

Explanation

[Cassius]

Can the madness go on forever ?

The US has already exceeded one of the three classic precursors of hyperinflation. Japan, Europe and China aren't too far behind, However, because most of the money is nominally  sitting in shares (US) property (China) government debt (Europe, Japan) it's all holding together. Once people start trying to liquidate I suspect it will all turn to custard surprisingly quick.

Don't worry, crypto will be here to pick up the pieces

Which is? And the other two?
Looks like deflation can be a precursor, which is just around the corner here...

[SkyValeey]

http://cryptaphex.wordpress.com/2014/10/21/voodoo-chart-btc-bearish-crab-formation/

[medialab101]

WTF is going on with Anoncoin?

Up 855906.00 % ?!!?!

$3,502/ coin

[Pala_00]

WTF is going on with Anoncoin?

Up 855906.00 % ?!!?!

$3,502/ coin

lol.

[touhonoob]

WTF is going on with Anoncoin?

Up 855906.00 % ?!!?!

$3,502/ coin

 
https://i.imgur.com/zhEkAs5.png

[manfred]

coinmarketcap is a pure site use anotheroneone and you will see no such error

[NotLambchop]

...tock market and the slow but steady rise is really more of a ponzi scheme than anything else right now.

Unlike this ponzi, which is in a steady decline

Protip:  If you must "invest" in an illusion, chose the one most people believe in.

[ChartBuddy]

Explanation

[AizenSou]

Volume is totally absurd these last days, doesn't look like an accumulation at all. Any reason, the experts?

[Davyd05]

Volume is totally absurd these last days, doesn't look like an accumulation at all. Any reason, the experts?

where on huobi?


stamps volume isn't that crazy.

[Totscha]

WTF is going on with Anoncoin?

Up 855906.00 % ?!!?!

$3,502/ coin

 

A glitch when getting info from coins-e. It's back to normal now

[ShroomsKit]

Volume is totally absurd these last days, doesn't look like an accumulation at all. Any reason, the experts?

There is no accumulation. There is no big money dying to get in. There are no whales secretly buying tons of coins.
There is no evidence for this.
The only reason you might think this is happening is because of a bunch of delusional posters here who just kept repeating it until they believed it is a fact.

The only buyers are some new guys who quickly leave again after their investment is worth 10% less within 2 hours because of the dumpers.

[Phillis]

Volume is totally absurd these last days, doesn't look like an accumulation at all. Any reason, the experts?

There is no accumulation. There is no big money dying to get in. There are no whales secretly buying tons of coins.
There is no evidence for this.
The only reason you might think this is happening is because of a bunch of delusional posters here who just kept repeating it until they believed it is a fact.

The only buyers are some new guys who quickly leave again after their investment is worth 10% less within 2 hours because of the dumpers.

soon enough, patience is crucial

[silverfuture]

"Federal officials warned companies Monday that hackers have stolen more than 500 million financial records over the past 12 months, essentially breaking into banks without ever entering a building."

http://www.usatoday.com/story/news/politics/2014/10/20/secret-service-fbi-hack-cybersecuurity/17615029/