Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23387.

ronald98

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Quote from: aztecminer on January 19, 2015, 01:30:42 PM

the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.

What does pm mean in this context?

aztecminer

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the ongoing drop in btc price appears identical to the pm's drop in price.
the pm's are smashed down regularly and will reach a new low then capped in that new lower range.
we are seeing the same thing in btc where each 'crash down' or 'smash down' leaves btc trading in a new lower range.
i do believe that 3600 coins daily inflation and selling pressure but the similarity to pm's 'smash downs' is remarkable.

LittleDigger

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Quote from: Davyd05 on January 19, 2015, 12:54:28 PM

Quote from: LittleDigger on January 19, 2015, 12:27:52 PM

Any chance of a link to the article ?

http://www.cnbc.com/id/102343957

Thanks This one is more detailed, found it a minute ago.

http://www.economist.com/blogs/economist-explains/2015/01/economist-explains-13

Basics.. Francs value was pushed up by investors seeking a safe haven from volatility
   Franc pegged to euro by quantitative easing to stop rise.
   Extra Francs used to buy Euros for foreign reserves. (helping to prop it up a little I suspect)
   Political panic about hyperinflation and proposed QE of the Euro leads to decision to stop...

ChartBuddy

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Bitfinex

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Explanation

Davyd05

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Quote from: LittleDigger on January 19, 2015, 12:27:52 PM

Any chance of a link to the article ?

http://www.cnbc.com/id/102343957

aztecminer

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Quote from: Davyd05 on January 19, 2015, 12:23:41 PM

Quote from: aztecminer on January 19, 2015, 12:21:03 PM

Quote from: GaliX on January 19, 2015, 12:09:05 PM

Quote from: aztecminer on January 19, 2015, 11:57:55 AM

swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .

remember, even if currently about 800k $ get invested into Bitcoin, it will only cover the inflation. You have to add every merchant instantly selling + regular sellers.

That's a hell of selling pressure every day. That's the main reason we will most likely stay in this bear market until something drastic happens. Like a Fiat Currency Crashing (€, $ or ¥).
If nothing magical happens, the next halving of the mining reward would at least take out some pressure so the currency could grow in value.

yup i do remember the inflation of 3600 bitcoins everyday. i agree with your assessment. i think the swiss didn't unpeg from euro and hurt their own economy just for the heck of it. somethings going on.

There was an influx of money into their country ..its pretty much made them de-peg. I'm basing this off one article I read though

that is the original reason why they pegged to the euro due to influx of money cause the franc to rise to high causing exports costs to be to high.

the reason why they depegged is because the eu central bank is about to print more QE and that would have forced swiss central bank to print too.

LittleDigger

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Quote from: mrkavasaki on January 19, 2015, 12:40:00 PM

Quote from: LittleDigger on January 19, 2015, 12:22:24 PM

Quote from: mrkavasaki on January 19, 2015, 12:06:49 PM

bitcoin is a shitcoin, if you are smart than you would invest in bitshares

lol are you invested in sexcoin?

LMAO, Yeap, I knew as soon as I posted, that would be the comeback.. But it is 4am, I am bored and I did finally get to make a Drill Sargent meme..

I capitulate.. you got me.. can't defend that....

mrkavasaki

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Quote from: LittleDigger on January 19, 2015, 12:22:24 PM

Quote from: mrkavasaki on January 19, 2015, 12:06:49 PM

bitcoin is a shitcoin, if you are smart than you would invest in bitshares

lol are you invested in sexcoin?

LittleDigger

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Quote from: Davyd05 on January 19, 2015, 12:23:41 PM

Quote from: aztecminer on January 19, 2015, 12:21:03 PM

Quote from: GaliX on January 19, 2015, 12:09:05 PM

Quote from: aztecminer on January 19, 2015, 11:57:55 AM

swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .

remember, even if currently about 800k $ get invested into Bitcoin, it will only cover the inflation. You have to add every merchant instantly selling + regular sellers.

That's a hell of selling pressure every day. That's the main reason we will most likely stay in this bear market until something drastic happens. Like a Fiat Currency Crashing (€, $ or ¥).
If nothing magical happens, the next halving of the mining reward would at least take out some pressure so the currency could grow in value.

yup i do remember the inflation of 3600 bitcoins everyday. i agree with your assessment. i think the swiss didn't unpeg from euro and hurt their own economy just for the heck of it. somethings going on.

There was an influx of money into their country ..its pretty much made them de-peg. I'm basing this off one article I read though

Any chance of a link to the article ?

Davyd05

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Quote from: aztecminer on January 19, 2015, 12:21:03 PM

Quote from: GaliX on January 19, 2015, 12:09:05 PM

Quote from: aztecminer on January 19, 2015, 11:57:55 AM

swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .

remember, even if currently about 800k $ get invested into Bitcoin, it will only cover the inflation. You have to add every merchant instantly selling + regular sellers.

That's a hell of selling pressure every day. That's the main reason we will most likely stay in this bear market until something drastic happens. Like a Fiat Currency Crashing (€, $ or ¥).
If nothing magical happens, the next halving of the mining reward would at least take out some pressure so the currency could grow in value.

yup i do remember the inflation of 3600 bitcoins everyday. i agree with your assessment. i think the swiss didn't unpeg from euro and hurt their own economy just for the heck of it. somethings going on.

There was an influx of money into their country ..its pretty much made them de-peg. I'm basing this off one article I read though

LittleDigger

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Activity: 462

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Quote from: mrkavasaki on January 19, 2015, 12:06:49 PM

bitcoin is a shitcoin, if you are smart than you would invest in bitshares

aztecminer

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Quote from: GaliX on January 19, 2015, 12:09:05 PM

Quote from: aztecminer on January 19, 2015, 11:57:55 AM

swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .

remember, even if currently about 800k $ get invested into Bitcoin, it will only cover the inflation. You have to add every merchant instantly selling + regular sellers.

That's a hell of selling pressure every day. That's the main reason we will most likely stay in this bear market until something drastic happens. Like a Fiat Currency Crashing (€, $ or ¥).
If nothing magical happens, the next halving of the mining reward would at least take out some pressure so the currency could grow in value.

yup i do remember the inflation of 3600 bitcoins everyday. i agree with your assessment. i think the swiss didn't unpeg from euro and hurt their own economy just for the heck of it. somethings going on.

JimboToronto

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You're never too old to think young.

Quote from: mrkavasaki on January 19, 2015, 12:06:49 PM

derp

noma

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Quote from: mrkavasaki on January 19, 2015, 12:06:49 PM

bitcoin is a shitcoin, if you are smart than you would invest in bitshares

That is the dumbest think I have heard. Do you think, you go to your friend and tell him about altcoins, then he would know about them ?

GaliX

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Quote from: aztecminer on January 19, 2015, 11:57:55 AM

swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .

remember, even if currently about 800k $ get invested into Bitcoin, it will only cover the inflation. You have to add every merchant instantly selling + regular sellers.

That's a hell of selling pressure every day. That's the main reason we will most likely stay in this bear market until something drastic happens. Like a Fiat Currency Crashing (€, $ or ¥).
If nothing magical happens, the next halving of the mining reward would at least take out some pressure so the currency could grow in value.

JimboToronto

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Activity: 4242

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You're never too old to think young.

Quote from: LittleDigger on January 19, 2015, 11:47:44 AM

Hmmmmm... Poor excuse for terrorists.. The onlt thing that gets shot off is peoples mouths..

https://www.cryptocoinsnews.com/british-bankers-unite-against-bitcoin-by-linking-it-to-terrorism/

I remember when the internet was considered to be just a vehicle for pornography. I read somewhere at the time that 70% of all web pages were porn.

Then it was called a haven for copyrighted-content "pirates" with torrents representing the lion's share of internet traffic.

Haters will always find a scapegoat.

mrkavasaki

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bitcoin is a shitcoin, if you are smart than you would invest in bitshares

LittleDigger

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Quote from: aztecminer on January 19, 2015, 11:57:55 AM

swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .

Lets face it the price is mainly based on speculation, not utility..

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Bitfinex

Bitstamp

Explanation

JimboToronto

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You're never too old to think young.

Quote from: xcrabber on January 19, 2015, 11:52:46 AM

Enough trolls buying in to troll would surely cause a ramp up. Grin

It would take a lot of trolls' allowances and lunch money to cause a ramp up. Grin

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23387. (Read 26713566 times)