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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18162. (Read 26610836 times)

sr. member
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
Trump is winning start buying boys!
legendary
Activity: 2464
Merit: 1145
All governments hate Bitcoin (the public chain). They are only pretending to be complacent or supportive of it, to keep us off guard and get a foot in the door and get Intel.  Meanwhile behind the scenes they are secretly working on breaking it like the Enigma machine and are devising laws against it. Clinton vs Trump doesn't really make a difference, especially if it's China who breaks the code.

China doesn't want to break the code, it has a surplus of electricity it can't use from hydroelectric dams and such like. It's using that cheap electric to mine Bitcoins which get dumped abroad. Bitcoin is subsidizing all those giant electricity generating state projects, it's helping to pay their startup costs.
I don't think the Chinese government is involved in mining Bitcoin and the amount of money to be made by mining is very insignificant, compared the country at large and theoretical threat of Bitcoin to capItal controls, surveillance, and the economy if it were to become larger

But a significant fraction of the miners are in China, and they all pay tax to the Chinese government. They also spend most of the money they get from mining on the Chinese government's cheap electricity. All the money they get from dumping Bitcoins abroad probably gets sent straight back to China to pay their electricity bills with.

Let me explain it:

Chinas GDP: 11+ trillion

Bitcoin marketcap: <12 billion


Edit

Hillary down bitcoin up it is!
donator
Activity: 2772
Merit: 1019
It seems as if the price has already stabilized in the $700-range.

Bitcoin price never "stabilizes" for long. It's just taking a breath, loading up the spring Wink
hero member
Activity: 658
Merit: 503
Bear with me
I can't wait for bitcoin to start trading in the 800's. That will be a first time for me in my bitcoin adventure.

It seems as if the price has already stabilized in the $700-range.
full member
Activity: 595
Merit: 101
Chromia - Relational Blockchain
All governments hate Bitcoin (the public chain). They are only pretending to be complacent or supportive of it, to keep us off guard and get a foot in the door and get Intel.  Meanwhile behind the scenes they are secretly working on breaking it like the Enigma machine and are devising laws against it. Clinton vs Trump doesn't really make a difference, especially if it's China who breaks the code.

China doesn't want to break the code, it has a surplus of electricity it can't use from hydroelectric dams and such like. It's using that cheap electric to mine Bitcoins which get dumped abroad. Bitcoin is subsidizing all those giant electricity generating state projects, it's helping to pay their startup costs.
I don't think the Chinese government is involved in mining Bitcoin and the amount of money to be made by mining is very insignificant, compared the country at large and theoretical threat of Bitcoin to capItal controls, surveillance, and the economy if it were to become larger

But a significant fraction of the miners are in China, and they all pay tax to the Chinese government. They also spend most of the money they get from mining on the Chinese government's cheap electricity. All the money they get from dumping Bitcoins abroad probably gets sent straight back to China to pay their electricity bills with.
hero member
Activity: 728
Merit: 500
All governments hate Bitcoin (the public chain). They are only pretending to be complacent or supportive of it, to keep us off guard and get a foot in the door and get Intel.  Meanwhile behind the scenes they are secretly working on breaking it like the Enigma machine and are devising laws against it. Clinton vs Trump doesn't really make a difference, especially if it's China who breaks the code.

China doesn't want to break the code, it has a surplus of electricity it can't use from hydroelectric dams and such like. It's using that cheap electric to mine Bitcoins which get dumped abroad. Bitcoin is subsidizing all those giant electricity generating state projects, it's helping to pay their startup costs.
I don't think the Chinese government is involved in mining Bitcoin and the amount of money to be made by mining is very insignificant, compared the country at large and theoretical threat of Bitcoin to capItal controls, surveillance, and the economy if it were to become larger
full member
Activity: 595
Merit: 101
Chromia - Relational Blockchain
All governments hate Bitcoin (the public chain). They are only pretending to be complacent or supportive of it, to keep us off guard and get a foot in the door and get Intel.  Meanwhile behind the scenes they are secretly working on breaking it like the Enigma machine and are devising laws against it. Clinton vs Trump doesn't really make a difference, especially if it's China who breaks the code.

China doesn't want to break the code, it has a surplus of electricity it can't use from hydroelectric dams and such like. It's using that cheap electric to mine Bitcoins which get dumped abroad. Bitcoin is subsidizing all those giant electricity generating state projects, it's helping to pay their startup costs.
hero member
Activity: 728
Merit: 500
All governments hate Bitcoin (the public chain). They are only pretending to be complacent or supportive of it, to keep us off guard and get a foot in the door and get Intel.  Meanwhile behind the scenes they are secretly working on breaking it like the Enigma machine and are devising laws against it. Clinton vs Trump doesn't really make a difference, especially if it's China who breaks the code.
full member
Activity: 595
Merit: 101
Chromia - Relational Blockchain
Does anybody know how elections affect the forex market? Does it bring big volatility?

I have open orders, not sure if I should close them or keep them open.


Markets are flat right now, waiting for more information. When more information materialises, there could be big movements. Trade accordingly.

I don't think it will have much affect unless either party announces they are banning Bitcoin. At least one of the republicans was taking donations in Bitcoin, so a republican ban's unlikely. The democrats like blockchain tech so they are unlikely to ban it too.
legendary
Activity: 1764
Merit: 1031
Does anybody know how elections affect the forex market? Does it bring big volatility?

I have open orders, not sure if I should close them or keep them open.


Markets are flat right now, waiting for more information. When more information materialises, there could be big movements. Trade accordingly.
legendary
Activity: 2338
Merit: 1035
Does anybody know how elections affect the forex market? Does it bring big volatility?

I have open orders, not sure if I should close them or keep them open.
legendary
Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
Any candidate in usa has supported bitcoin?
legendary
Activity: 1596
Merit: 1061
Smile
Only chaos is actually good for BTC

But not too much!
Banks should function properly to allow fiat flow into bitcoin in an orderly fashion.

this...  Banks should function properly

Banks do function properly, they ensure governments pay interest on all money created.

They ensure interest rates are at the optimal rate to create profit

lower interest rates, increase assets

assets decrease, higher interest rates

and round and round it goes
legendary
Activity: 1764
Merit: 1031
Rasmussen polling accidentally releases report showing landslide Trump victory:



ooh boy we are in for a ride

It's a bit of an outlier...
Given the state of the majority of the polls, it will be a real surprise if Trump gets it now. (Of course, the polls and the election and the media and the markets are all rigged!)
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!
I hate stocks. They dont have tradeable trends and they just immediately jump to some target price whenever news comes out. There are no rebounds and corrections. The banks and big guns have everything locked down to a tee. The worst is how they close and gap on the next day when you cannot trade them, plus they can be halted. On top of that, you have to pay extra to get real time data and pay for order books, on a market by market basis.


I love stocks... you can control the price of food, water, gas, etc... for the population. But what concerns me, and any of you don't seem to give a sh!t about is the money that flow in these exchanges. And what will happen when they realize that bitcoin/gold or any other precious physical metal is more precious than what we give them. It is just a big snowball ready to roll down the hill.  Roll Eyes  Cheesy Cheesy Cheesy
legendary
Activity: 3431
Merit: 1233
Only chaos is actually good for BTC

But not too much!
Banks should function properly to allow fiat flow into bitcoin in an orderly fashion.
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
Election set-up feels a lot like Brexit, with weeks of indecision and the confidence of establishment-supporting morons holding the line, then a stock rally (risk off trade) up into the polling day erasing large losses accrued over uncertainty ... might even be a further rally on the day of election and then the massive dumps begin when poll surprise numbers start rolling in.

...and then even the leadership is so surprised that they win that everyone quits cause no one wants to captain that titanic?

Only chaos is actually good for BTC so from that standpoint  Roll Eyes  Grin
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
Rasmussen polling accidentally releases report showing landslide Trump victory:



ooh boy we are in for a ride

This time i will short like there is no tommorow.

Pinky promise! Gonna grab them by their pussy. 100%

How about building a wall around the polling places to prevent Hillary voters? And make Muslims pay for that wall?
legendary
Activity: 2464
Merit: 1145
Rasmussen polling accidentally releases report showing landslide Trump victory:



ooh boy we are in for a ride

This time i will short like there is no tommorow.

Pinky promise! Gonna grab them by their pussy. 100%
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