Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12884.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: xhomerx10 on October 17, 2018, 08:26:29 AM

Quote from: vapourminer on October 17, 2018, 07:52:36 AM

ah so you are the man to talk to for custom hat avatars.

may i order one? i wont be able to upload a good pic for a week or so, i am in the middle of funeral and estate business at the moment.

these are VERY cool.

I'm very sorry to hear about your loss. Take your time; I'll be here when you sort things out.

thanks.

my family is spread over several states and coordinating things has been interesting. but looking around today things are in pretty good shape to conclude the final stuff soon. just a small punch list and good to go.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: El duderino_ on October 19, 2018, 04:31:15 AM

still in progress ? vapurminer [...]

yup im still in. should be home and have access to my network next week soon as i get business taken care of here. then ill have the original image. is there any particular size or color depth you want?

when traveling i use a stripped to the bone 4 year old laptop with nothing valuable on it in case its lost or stolen.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

More grind down the line

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

more of this please

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: Torque on October 19, 2018, 11:55:35 AM

Quote from: jonoiv on October 19, 2018, 11:32:07 AM

I don't see any connection either way. Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt. Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.

Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014.

So did the Bitcoin market.

Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018.

So did the Bitcoin market.

If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb.

I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along.

you made me look at the charts for gringo stock market and you seem to be quite wrong

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Really interesting posting there Torque, very interesting to read.

Thanks man

El duderino_

legendary

Activity: 2744

Merit: 13647

BTC + Crossfit, living life.

Quote from: Torque on October 19, 2018, 11:55:35 AM

Quote from: jonoiv on October 19, 2018, 11:32:07 AM

I don't see any connection either way. Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt. Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.

If you can't see that direct correlation, then I can't help you man.

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry“

So there is a correlation Roll Eyes

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: Wekkel on October 19, 2018, 12:38:09 PM

Quote from: Torque on October 19, 2018, 11:55:35 AM

If you can't see that direct correlation, then I can't help you man.

Be careful when challenging a person’s belief system Grin

I could envision a day in the future where in Bitcoin we have could true inverse correlation. But I don't think we're there yet. We may never have a true 100% inverse.

In fact I don't believe things like the PMs markets are a true hedge against the stock market anymore. They've been pumped with so much leverage and derivative now that most often they move in sync with the stock market these days. I'm sure that's by design - centralized control.

It's all about technicals and "narratives" anymore, rather than fundamentals.

BinaryReign

full member

Activity: 151

Merit: 111

BTC HODLer

Quote from: LFC_Bitcoin on October 19, 2018, 10:10:13 AM

Quote from: El duderino_ on October 19, 2018, 10:04:00 AM

Quote from: El duderino_ on October 19, 2018, 09:58:29 AM

Quote from: LFC_Bitcoin on October 19, 2018, 09:57:15 AM

@ mic - Maybe this?

on a complete RED hat would be very VERY VERY tight ...... but maybe in avatar size its not gonna be very clear..... small letters.

maybe something like these Roll Eyes

Any would be cool!
Looks like I’m going to have to join the hat club Cheesy

I’m in, but I can’t wear muh hat yet. I guess I’ll be more active to earn that full member status and show it off.

Thanks to xhomerx10

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Quote from: Torque on October 19, 2018, 11:55:35 AM

If you can't see that direct correlation, then I can't help you man.

Be careful when challenging a person’s belief system Grin

Yaplatu

hero member

Activity: 1344

Merit: 500

28K=Buy | Wallet=100% BTC

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: Torque on October 19, 2018, 11:55:35 AM

Quote from: jonoiv on October 19, 2018, 11:32:07 AM

I don't see any connection either way. Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt. Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.

Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014.

So did the Bitcoin market.

Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018.

So did the Bitcoin market.

If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb.

I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along.

The difference is the increasing volume in the Bitcoin market. Perhaps not this round, but in one of the next two rounds I could see actual hedging of stocks through crypto. Most people today still didn't get what Bitcoin is about and still think of it as a ponzi/bubble.

Furthermore, stocks were stable leading into summer and started climbing around mid to late summer. So anyone who sold some Bitcoins near the top would've made some decent profits in the stock markets. Hence, the lack of a perfect correlation creates opportunity.

We still don't know if Bitcoin or the stock market will enter the next rally first either. Any delay of one asset class would create further potential for profits.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: jonoiv on October 19, 2018, 11:32:07 AM

I don't see any connection either way. Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt. Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.

Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014.

So did the Bitcoin market.

Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018.

So did the Bitcoin market.

If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb.

I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along.

jonoiv

hero member

Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: Torque on October 19, 2018, 11:23:10 AM

This won't last guys.

Bitcoin has shown more synchronicity with the U.S. stock market than a hedge against it. And I'm pretty sure the U.S. stock market will begin a new bull run next year.

Why do you think the Fed wants to hike interest rates 4 times next year? Because it already knows the plan and the pattern (2-3 yr bull, 1-1.5 yr bear which we're in now). So the Fed already knows things will start to turn around to bullish again next year, and it will seek to hike into strength. That's why insiders like Jim Cramer know the bull will return next year and are pissed the Fed will want to hike into it. The banks and the financial corps will lobby for the Fed to delay or go slower.

I don't see any connection either way. Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt. Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.

Torque

legendary

Activity: 3794

Merit: 5474

This won't last guys.

Bitcoin has shown more synchronicity with the U.S. stock market than a hedge against it. And I'm pretty sure the U.S. stock market will begin a new bull run next year.

Why do you think the Fed wants to hike interest rates 4 times next year? Because it already knows the plan and the pattern (2-3 yr bull, 1-1.5 yr bear which we're in now). So the Fed already knows things will start to turn around to bullish again next year, and it will seek to hike into strength. That's why insiders like Jim Cramer know the bull will return next year and are pissed the Fed will want to hike into it. The banks and the financial corps will lobby for the Fed to delay or go slower.

GGALINff

full member

Activity: 219

Merit: 100

Quote from: Paashaas on October 19, 2018, 10:44:15 AM

This place is turning into a shithole.

Time to move on i guess.

shithole it is
probably means close to btc bottom

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Quote from: Paashaas on October 19, 2018, 10:44:15 AM

This place is turning into a shithole.

Time to move on i guess.

5 years too late Grin

And beat market (never helps).

For 1st class crypto info, selected Telegram groups work very well.

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Quote

$BTC vol continues to be depressed. The trailing ~2 month intraday range is in the bottom decile we've seen going back to 2012. It's now the 4th longest consecutive period where vol has been this low (~33.2% annualized).

This has occurred despite $USDT & @bitfinex fears alongside macro volatility with the $VIX reaching the upper 10% range over the trailing 2 years and $FANG $EEM all selling off.