The US markets have been rallying since Nov. election on the illusion that Trump and republican congress will implement business-friendly policies, mostly tax-cuts. Turns out anything Trump (or congress) tries to do immediately gets mired in manufactured controversies thrown up by the competing factions in the Deep State proxy wars. This impeachment train is just the latest but will ensure nothing gets done for at least another 12-18 months as Washington consumes itself into yet another drawn out politico shitshow of intrigue and internecine double-dealing as the Justice system and laws get gutted for power and personal gain ... the rats are eating their own phase of an empire in decline.
tl;dr markets are tanking as it now becomes clear that nothing is going to get done (especially not tax cuts) in washington so back to status quo stagnation and slow decline as massive governmental bureaucracy sucks the life-blood out of the country. (markets were over-extended on false hopes beforehand so the selling might be quite epic)
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17226. (Read 26608075 times)
May 17, 2017, 06:03:12 PM
May 17, 2017, 05:42:41 PM
I think you're overestimating the importance of that. Especially for BTC. I mean really, who gives a rats ass? Why would ANYONE buy more BTC because of some fumbling American president? So some markets are down, they'll be up again in a little while. No reason that would be caused by American politics. If instability or mismanagement in American politics would mean a rally in BTC we'd all be rich already.
Its not that anyone cares that much directly (most are concerned about themselves lets be honest) especially traders outside the USA. However the dollar is a reserve currency used as a proxy for global commerce. If the figure head to a system that has 20 trillion of debt and commands many important trade routes is faltering it matters, it even matters to us in bitcoin. Bitcoin does bare a relation to dollar and China buying bitcoin also relates to their desire to buy dollars, partly as a proxy via bitcoin.
Obviously there any many different factors and nothing is absolute but typically the market flicks from bullish uptrends to negative sentiment and withdrawal of liquidity from various markets. Hot money often moves fast on news not just actual changes but the perception of a possible event occurring. Trump is not going anywhere I think but still we have risen a great deal since he was elected and its not entirely coincidental that this is true of stocks and bitcoin and many things
May 17, 2017, 05:23:34 PM
Or the world needs digital gold and digital cash and the alt market is simply a reflection of our technical inability to provide both.
May 17, 2017, 05:09:13 PM
All joking aside....
What's going on then? Ripple half of bitcoin marketcap and bitcoin dominance 46% and we are at $1800.
Shits gone crazy.
Shitcoins are pumped every single day, XRP was barely worth anything until now. It popped into existence on the coin dominance board and it's not even decentralized, with creators holding billions of XRP and also making them. There's nothing to worry about. It is simply the new normal and market capitalization charts nowadays are NOT true at all unless you filter out all the bullshit. What's going on then? Ripple half of bitcoin marketcap and bitcoin dominance 46% and we are at $1800.
Shits gone crazy.
May 17, 2017, 04:51:24 PM
All joking aside....
What's going on then? Ripple half of bitcoin marketcap and bitcoin dominance 46% and we are at $1800.
Shits gone crazy.
What's going on then? Ripple half of bitcoin marketcap and bitcoin dominance 46% and we are at $1800.
Shits gone crazy.
there never was a status quo. it's still being created every single day. who knows what the new normal is gonna be this time next year?
May 17, 2017, 04:32:04 PM
All joking aside....
What's going on then? Ripple half of bitcoin marketcap and bitcoin dominance 46% and we are at $1800.
Shits gone crazy.
What's going on then? Ripple half of bitcoin marketcap and bitcoin dominance 46% and we are at $1800.
Shits gone crazy.
May 17, 2017, 04:07:31 PM
Hey everybody, crypto market caps are totally real!! XRP is now > 50% of Bitcoin's market cap virtually overnight!! It's all real! Bitcoin is doomed!! /s
Wait until XRP guys eventually start taking profit and then we talk about market caps again
May 17, 2017, 04:06:57 PM
That is a nice gift Paashaas. Always fun to share bitcoins with your loved ones.
As promised i'll show you the foto from my happy niece having here first Bitcoin for here 8th birthday.
She will be a 10 year holder
Good to have you and your niece on team bitcoin!
May 17, 2017, 04:02:53 PM
Hey everybody, crypto market caps are totally real!! XRP is now > 50% of Bitcoin's market cap virtually overnight!! It's all real! The math checks out! Bitcoin is doomed!! /s
May 17, 2017, 03:29:57 PM
This massive rally might be fueled by the impeachment talks about Trump in the US over the fake news/deep state attacks on him. The markets are down quite a bit.
I think you're overestimating the importance of that. Especially for BTC. I mean really, who gives a rats ass? Why would ANYONE buy more BTC because of some fumbling American president? So some markets are down, they'll be up again in a little while. No reason that would be caused by American politics. If instability or mismanagement in American politics would mean a rally in BTC we'd all be rich already.
May 17, 2017, 03:18:30 PM
This massive rally might be fueled by the impeachment talks about Trump in the US over the fake news/deep state attacks on him. The markets are down quite a bit.
Yep... its happening!
May 17, 2017, 02:46:11 PM
You also cannot by the entire company by their shares. E.g. if I had a GOOG share and I don't sell it, you can jump around as much as you want and you won't get it.
Sure you can, it happens all the time in buyouts and mergers.
http://www.nasdaq.com/article/5-facts-about-stock-buyouts-that-may-surprise-you-cm217964
Quote
If you don't want to sell, then there isn't much you can do to block a deal
For example, the Dell deal.
http://www.businesswire.com/news/home/20131029006453/en/Dell-Completes-Go-Private-Transaction
Quote
Dell stockholders will receive ... $13.88 per share in cash.
Whether you (as a minor shareholder) agreed with the buyout or not, your share got sold for cash.
Yep. Hapenned to me when Telefonica/Movistar adquired its filial Terra. Didn't want to sell, yet my shares got converted to a ridiculous small number of Telefonica shares.
May 17, 2017, 01:20:53 PM
This massive rally might be fueled by the impeachment talks about Trump in the US over the fake news/deep state attacks on him. The markets are down quite a bit.
May 17, 2017, 12:25:11 PM
You also cannot by the entire company by their shares. E.g. if I had a GOOG share and I don't sell it, you can jump around as much as you want and you won't get it.
Sure you can, it happens all the time in buyouts and mergers.
http://www.nasdaq.com/article/5-facts-about-stock-buyouts-that-may-surprise-you-cm217964
Quote
If you don't want to sell, then there isn't much you can do to block a deal
For example, the Dell deal.
http://www.businesswire.com/news/home/20131029006453/en/Dell-Completes-Go-Private-Transaction
Quote
Dell stockholders will receive ... $13.88 per share in cash.
Whether you (as a minor shareholder) agreed with the buyout or not, your share got sold for cash.
May 17, 2017, 12:06:36 PM
That poor lass has had her anonymity blown. According to more than a few posters here she's now on an NSA hit list. I'm willing to contribute to her digital erasure and bunker.
May 17, 2017, 12:05:05 PM
It's real, I want to believe.
Let's get ready to reap some XRIP influx
Let's get ready to reap some XRIP influx
May 17, 2017, 12:01:38 PM
She will keep that paper wallet until her 18th birthday, is what I think the plan is. 10 years from now. So BTC will be worth $5000 or $10k, or $20k, or some number between the moon and mars.
May 17, 2017, 12:01:01 PM
700 coin bid wall observed at Stamp.
Real or fake?
Real or fake?
May 17, 2017, 12:00:46 PM
That is a nice gift Paashaas. Always fun to share bitcoins with your loved ones.
As promised i'll show you the foto from my happy niece having here first Bitcoin for here 8th birthday.
She will be a 10 year holder
You're such an awesome uncle! Not ONLY for presenting her with bitcoins, but I can tell by her beautiful smile! Congrats Paashaas, keep being such an awesome human being!
May 17, 2017, 11:56:07 AM
The next 24 hours are critical. 
why is that? also bitcoin share is only 50% now, wow, altcoins are slowly taking over
It's an old meme around here. Hadn't seen it for a while.
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