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2601  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2018, 08:30:00 PM
But yeah XRP is basically the definitive shitcoin. And its hard to say what role XRP played in the current altcoin rally, with BTC rallying at the same time.

Because they *all* got pumped. Like literally every single shitcoin. On zero news or improvements to any of them.

Which means their role was simply to participate in a massive coordinated PnD scam. If they're all equally special, then that means none of them are.
2602  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2018, 08:14:03 PM
People should stop hating on XRP


GET.
OUT.

2603  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 21, 2018, 11:09:42 AM
OT : Biggest pump and dump in American history - Heather coin  Cry

2604  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 19, 2018, 10:36:02 AM
https://www.ccn.com/bitcoin-still-in-the-middle-of-a-bear-market-analyst/

Quote
Woo continued by supporting his claim using the Bitcoin NVT Ratio, which he terms as his favorite indicator. He explained that the NVT peaks during bear markets, although it has been criticised for being laggy in detecting bears, it is a leading indicator to signal the end of the bear. According to him, NVT returns to it’s normal range before the next accumulation phase, a condition that is yet to be fulfilled.

How seriously is he/this article to be taken?

My guess is we still are bearish.

Willy Woo really knows his stuff.

So do his other expert friends Billy Boo, Tinker Bell, and Bam Bam.
2605  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 18, 2018, 08:42:25 PM
So MANY AMATUERS in crypto. Jihan despite building a billion dollar company is an amateur. You do not get political when you sell shovels. You just shut up and sell shovels. Idiot.

Or another analogy, when you are successfully mining Gold (something that people are actually buying and holding because they value it) you don't go on a political campaign to switch gears and mine something else that no one is asking for. Makes no fkn sense.
2606  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 18, 2018, 08:39:04 PM


watch out where you start with and buy some BTC with what you can afford to lose it might be the thing to save you

How is it a business failure when you're the one wageslaving? If anything the business is doing great after chewing you and spitting you out. "Thanks for the hard work, go away." I never understand these kinds of people...Is it the stuck mentality of the 1950s? Back when jobs actually paid money that was worth something?

Yep, they chew you up and spit you out. Only to replace you with someone younger (*cough* cheaper *cough*) to do the same job. It's because companies don't want to pay the middle layers anymore. In fact, if they could automate and eliminate all the expensive middle and upper middle management, they would do so in a heart beat.

If anyone wants to know if they have a long future with the company they work with, all they have to do is to look around. See many colleagues still there in their 50s and 60s? Or even 40s? No? Then you won't last there long either. This is the case with many companies now, especially tech companies.
2607  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 18, 2018, 08:21:05 PM
Looks like them folks that this thread loves to hate are having a pissing contest

https://bcfocus.com/news/bitmain-ceo-slams-craig-wright-over-proposed-bitcoin-cash-hard-fork-tells-him-to-f-off/23342/

At least Jihan Wu pretends to be on the right side of the argument.

What good is a BCash hard fork to increase block size when no one is even buying and using that shit? No merchants, no investors, nothing.

Sure it'll allow CSW et. al. to centralize and control a BCash clone, but he'll end up the King of a complete wasteland kingdom. Another dead zombie coin with no future. So what's the fkn point?
2608  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 18, 2018, 11:53:44 AM
With public-private key cryptology, a cryptographic asset can be allowed to sit "out there" while retaining mobility, resistance to counterfeit and still be under the control of the owner. Public and private keys are decoupled. That is the huge advantage in value that Bitcoin has as a monetary asset over precious metals. It's also the property that gives it far greater resistance to the kind of manipulation from derivatives markets that we see in PM'S.

Agreed, and I think this feature of Bitcoin is why it is both admired and loathed by Wall Street.

1. Admired for precisely the reason that you described, as some welcome such an asset to be non-gamable or game-resistant unlike the derivatives markets (e.g., fake futures contracts, wash trades with non-existent shares, phantom "shares", rehypothecation of shares, HFT, etc.)

2. Loathed for all the same reasons. The SEC can't control all of the crypto exchanges and their behavior. Wall Street cannot game the system like they have with equities and commodities. I believe that this is precisely the reason that the SEC is dragging their feet on approving Bitcoin ETFs. It has nothing to do with "protecting the public", and everything to do with protecting Wall Street from itself. Under the table Wall Street is expecting the SEC to bend the rules of Bitcoin to benefit them, but the rules are unbendable... and I think the SEC realizes this. So it's just easier for them to shoot down all ETF approvals, at least for now.
2609  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2018, 09:31:08 PM
OT: https://www.cnbc.com/2018/09/17/amazon-planning-8-new-alexa-devices-microwave-amplifier.html

This is getting hilariously stupid. They literally want you to have devices crammed in every orifice of your life so they can monitor and spy on you.... everywhere.

Talk about a Trojan horse.  Roll Eyes
2610  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2018, 02:42:14 PM
OT : Linus Torvalds, a stunning admission of his own flawed behavior when dealing with colleagues.

https://www.cnbc.com/2018/09/17/linux-creator-linus-torvalds-takes-time-off-apologizes-for-behavior.html

I admire the guy for the recognition and self-reflection, and the apologies. Took him a while though.
2611  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2018, 01:15:02 PM
OT : Hey guys, isn't it great that Ripple has a "product" launching soon?

https://www.cnbc.com/2018/09/17/ripple-hints-cryptocurrency-product-xrapid-will-go-live-soon.html

I mean, isn't that what we all want for our cryptocurrency? To be commercialized and commoditized for a centralized company's profit? /s  Roll Eyes Roll Eyes

And of course there's this, lol:

Quote
Ripple, founded in 2012, owns about 60 billion of the 100 billion XRP tokens in circulation
2612  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 15, 2018, 04:15:15 PM

Now all he needs are the tats.

"Dunndulandundlandun... dundundulandundlandun... BCash BCash Baby!"

2613  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2018, 12:55:05 AM
Mike Novogratz, what a fkn genius Bitcoin oracle this guy is  Roll Eyes

https://unhashed.com/cryptocurrency-news/mike-novogratz-cnbc-bitcoin-bottomed/
Mike Novogratz to CNBC: ‘I Think Bitcoin’s Price has Bottomed’. “I think we’ve pretty much bottomed,” says Novogratz. “I’m not positive we’ve bottomed, but it feels like we have.”
July 23rd: Bitcoin Price $8497

https://www.cnbc.com/2018/09/13/michael-novogratz-calls-a-bottom-in-cryptocurrencies.html
"I think we put in a low yesterday," Michael Novogratz says in a tweet.
Sept 13th: Bitcoin Price $6458

LOL Roll Eyes  Tongue
2614  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 13, 2018, 11:13:31 PM
A little better, but still expensive


Only Apple goes on stage with up to 2 year old models.

"Hé, we are Samsung. We've got this shiny new Galaxy S10 thing that can do tons of cool new stuff.....

but you can also buy our Galaxy S8 from 2017 for $800...."   Roll Eyes

Android users are awake  Cool

2615  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 13, 2018, 03:52:10 PM
https://www.worldcryptoindex.com/creators/roger-ver/

Quote
At age 16, he had a falling out with his father over a property dispute concerning the Ford Mustang. His deeply religious parents did not approve of the purchase and his father attempted to sell the car by placing an advertisement in a local Newspaper. Roger responded by calling the police who threatened to arrest him if he didn’t withdraw the ad. This dispute led to Roger moving out of the family house. He then attended a community college in Cupertino, California called De Anza College for a year before dropping out. After dropping out of college, Roger elected to pursue a number of small business interests.

Almost every man I've met in my life that has had a similar adolescent backstory and history with their parents has turned out to be a reckless Narcissist sociopath as an adult. With a constant history of making brash, miscalculated mistakes. Usually involving personal relationships, money/business ventures, or both.

They blame everyone else and society for their problems and ill-fate. They usually end up alone, broke and heavily in debt, or both.
2616  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 12, 2018, 10:03:23 PM
My take:

 


Bitcoin market dominance to +9000% and shitcoin % to -infinity?

Ok I'm in, lol.
2617  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 12, 2018, 05:54:59 PM
When I had first come to crypto in early 2017 I participated in the ETH buzz along with other coin pumps. It was views such as yours, JJG's, and many others here that encouraged me to see them for what they were and eventually led me entirely away from the shitcoin buzz never to look back.  Feeling rather lucky for that education today. Thanks a lot! 

Glad I could help. I too at one point thought that having another coin/blockchain with a differing algo than Bitcoin's could be beneficial.

But then I started to realize that at it's core, all people fundamentally care about is a cryptocurrency's ability to be :

1. Secure and scalable
2. Open source, decentralized mining and voluntary core devs
2. Be scarce and deflationary
3. Store of Value
4. Permissionless transfer of value
5. Exchange for fiat (if necessary), high liquidity
6. Popular with merchants and exchanges
7. Buy goods and services with it

That's it. You can distill 99.99% of peoples wishes for a crypto into that simple, straightforward list. Any other usefulness beyond that list is inconsequential and wouldn't be missed in the world, at all. Anyone that says otherwise is being disingenuous and head-in-the-clouds.

So seen through that lense, is there any real NEED for any crypto other than Bitcoin?

The answer is a resounding "NO".

2618  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 12, 2018, 04:25:10 PM
Oh boy they do

For sure they can. But why now?

The two year pump is over, the hype is over, and they know the mETH heads will double down even in bear market.

I watched it happen to LTC when it went from $48/ltc all the way down to $1.20/ltc. The diehards were calling bottoms and still buying all the way down. Then they completely vanished when it bottomed out. Even the original litcoin forum got hacked and went offline.

The truth is, none of the shitcoins have demonstrated any real world use cases. So they have zero value to justify their trading prices. None. It's all pure hype and speculation that is unwarranted. That is why many of them will fall to near nothing.
2619  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 12, 2018, 04:17:38 PM
Maybe I'm not right, but I don't think that this is the real reason of this dump.

I think the real reason is unsuccessful ICOs which feel lack of money and sells everything they raised to ensure a continuation of their work

The real reason is that whale traders loaded up on ETH when no one wanted it or cared. First by the tens of thousands at $0.50/ETC each. Then loaded up again at $18/ETC for several months (during the whole DAO bug fiasco).

You don't think they have plenty of ammo to dump/short ETH into the ground even at the current price? Or just trade for more BTC at this point? Oh boy they do. They can keep this going for quite a while until ETH is back at $18 or lower.

The very definition of a massive, coordinated PnD scam.
2620  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 12, 2018, 04:07:57 AM
The main selling point of ETH: gone.

The only ''unstoppable'' Dapp is that $100k+ cryptokitty  Undecided
 

You know it's pretty telling when Vitalik and some of his followers spend a whole Twitter thread pondering if ETH even *has* a valid real world use case. Definitely no SoV use case like Bitcoin.

https://twitter.com/VitalikButerin/status/1039534193263296512
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