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

[macsga]

TO DA MOOOON!!!!1

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[macsga]

Where's the fun in here? Where are the pics? AND WHERE'S ADAM?!?!?!

[blatchcorn]

Obligatory:

[aminorex]

Darkcoin saved my alt portfolio, but i think other ults will start pumping, when the new crypto proponents enter, this space, (they all dislike bitcoin for some reason and justify using alts, just wait until the feedback loop starts)

At the start of the bitcoin run up from $120 to $1,000 i picked up a fiew LTC at $3 it then outperformed bitcoin i believe for the reason above. I never thought it could take off, but it did.  The same thing will happen to a few select alts, not sure how LTC will go though, but it will be something to monitor.

Oh, oh, oh!  I have an opinion!

I think currencies are a natural monopoly.  There are two known markets for global instant liquidity:  The transparent liquidity market, and the private liquidity market.  BTC + one alt will win.  The rest will be very minor players, and almost all will die of starvation.

When DRK was the only real horse in the privacy-enhanced market, I invested, with success.  I sold it and bought MRO because it has the best tech (clone of BCN) a viable development team and no premine (BCN is a scamcoin).  So far that is working very well.  MRO dominates cryptonote hash power completely.   Price is up 20x since I bought in, albiet down from the 40x mark during the initial listing bubble.  I expect many bubbles to come, a la BTC, but faster.

DRK is pumping right now because evan is a master operator, but I don't think it is sustainable because the tech is not going to provide the kind of privacy guarantees required when your wealth or even your life are at stake.  MRO plus TOR will do that now, but MRO code is advancing rapidly (and open source, unlike DRK).  I'm happy with the trajectory so far.

[aminorex]

Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?

I for one think investing in alts at this point risky.  There is a good chance we are in a bull run that will turn out to be a part of a bearish continuation. As alts lag, an investment in alts could turn south quickly. All the alts are still at historically high levels vs. where the were prior to the last bubble including LTC.

In general, I agree.  LTC for example, is, in my opinion, done.  DOGE is in inflationary hell and doomed.  Only feature coins which provide useful novel functionality have a snowball's chance at this point.  They all have a story, but almost all are stories about unicorns and rainbows.  Some very small number can turn those into pump and dump gold, but I prefer to avoid that space.  I think privacy is the biggest feature of all.

The space is watched very closely by punters who want to be in the next bitcoin, so in general, unless you get lucky or do a lot of work, it's not even worth looking past the first 15 in the coinmarketcap.com list, which you then filter for fundamental factors.  As usual, I will plug MRO as the exception:  It is newly listed on one minor exchange, so cap is still low.  When more exchanges get comfortable with the new technology, it will get listed on all the major alt exchanges, if they are self-interested rational actors.

[Ultros]

MRO

First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.

[ChartBuddy]

Explanation

[aminorex]

Of interest, from alt-markets blog:

If the Chinese yuan is brought into the SDR basket next year, if the BRICS enter into a conjured economic war with the West, and if the dollar is toppled as the world reserve, there will be nothing left in terms of fiscal structure in the way of a global currency system. If the public does not remove the globalist edifice by force, the IMF and the BIS will then achieve their dream – the complete dissolution of economic sovereignty, and the acceptance by the masses of global financial governance. The elites don’t want to hide behind the curtain anymore. They want recognition. They want to be worshiped. And, it all begins with the secret buyout of America, the implosion of our debt markets, and the annihilation of our way of life.

Black swan rising?  Bullish.

[aminorex]

First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.

Welcome to the bandwagon.  I don't expect much until more exchange listings or some tech driver, but I think .0025 will probably hold, and when it comes the next top should be no less than 0.0129.  All opinions subject to new information.

Now I promise that (although I have a love on the side) I won't mention MRO in this thread again unless it becomes on-topic in context again.  I do want my friends to own some (and not my enemies), but I also have some vestigial sense of decency.

[calmindifference]

Of interest, from alt-markets blog:

If the Chinese yuan is brought into the SDR basket next year, if the BRICS enter into a conjured economic war with the West, and if the dollar is toppled as the world reserve, there will be nothing left in terms of fiscal structure in the way of a global currency system. If the public does not remove the globalist edifice by force, the IMF and the BIS will then achieve their dream – the complete dissolution of economic sovereignty, and the acceptance by the masses of global financial governance. The elites don’t want to hide behind the curtain anymore. They want recognition. They want to be worshiped. And, it all begins with the secret buyout of America, the implosion of our debt markets, and the annihilation of our way of life.

Black swan rising?  Bullish.

How does he know, did he ask them?

[wachtwoord]

MRO

First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.

Monero (what MRO stands for) will have a max supply of 18.446 million MRO. So a relation with Bitcoin of 0.878. With a current price of $1.73 we can normalize to $1.52 if MRO had a 21M supply like Bitcoin.

In other words, the current exchange rate implies  that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.

[podyx]

This will be mine
soon...

or maybe I go for a white one

[BldSwtTrs]

MRO

First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.

Monero (what MRO stands for) will have a max supply of 18.446 million MRO. So a relation with Bitcoin of 0.878. With a current price of $1.73 we can normalize to $1.52 if MRO had a 21M supply like Bitcoin.

In other words, the current exchange rate implies  that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.

There is less than 1 million MRO and 12,8 million BTC out there. So you can add tenfold to your calculation.

[RandomPedestrianN9]

DAT VOLUME!

Im 100% sure this is not just the miners pumping it up for profit or incoming dump. Such volume, chart pumps not fishy at all, much experts, very true moon.

[wachtwoord]

MRO

First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.

Monero (what MRO stands for) will have a max supply of 18.446 million MRO. So a relation with Bitcoin of 0.878. With a current price of $1.73 we can normalize to $1.52 if MRO had a 21M supply like Bitcoin.

In other words, the current exchange rate implies  that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.

There is less than 1 million MRO and 12,8 million BTC out there. So you can add tenfold to your calculation.

There is 18.446M MRO and 21M BTC the fact that they have not been mined yet is irrelevant as we know they're there. The whole market cap calculation in crypto land has been inherently flawed across the board. Market cap is calculated by multiplying total supply with current price.

[UnDerDoG81]

This will be mine
soon...

Hahah nice car but the price must went up to 50k so I also can afford one  

Some people say, never listen to your stomach when you make money decisions but I wish I should have listened. It said to me last week that I should buy 20 coins @420, now the train has left  

EDIT: I wonder why people sell now when we are clearly on an uptrend?!

[Benjig]

(1/2) I have some interesting charts for you guys: imgur.com/a/J2NZD

Both are the same. All are super powerful trendlines.

(2/2) Remember, crowd psych and manipulation will make you believe the trends are over. They aren't, until fully confirmed (closed candles)

Ultimately, I think these trendlines are of supreme importance, and it is difficult to know which are superior (the linear or log). However simply remembering it takes a long time and much capital to exit them, is your greatest fall back.

[dreamspark]

(1/2) I have some interesting charts for you guys: imgur.com/a/J2NZD

Both are the same. All are super powerful trendlines.

(2/2) Remember, crowd psych and manipulation will make you believe the trends are over. They aren't, until fully confirmed (closed candles)

Ultimately, I think these trendlines are of supreme importance, and it is difficult to know which are superior (the linear or log). However simply remembering it takes a long time and much capital to exit them, is your greatest fall back.

Correct me if I'm wrong but arent those charts old? They look 2-3 weeks old to me?

[podyx]

http://cdn.blocket.com/static/2/images_full/09/0981303673.jpg

This will be mine
soon...

Hahah nice car but the price must went up to 50k so I also can afford one  

Some people say, never listen to your stomach when you make money decisions but I wish I should have listened. It said to me last week that I should buy 20 coins @420, now the train has left  

EDIT: I wonder why people sell now when we are clearly on an uptrend?!

Just buy now and get like 17 coins

[wachtwoord]

(1/2) I have some interesting charts for you guys: imgur.com/a/J2NZD

Both are the same. All are super powerful trendlines.

(2/2) Remember, crowd psych and manipulation will make you believe the trends are over. They aren't, until fully confirmed (closed candles)

Ultimately, I think these trendlines are of supreme importance, and it is difficult to know which are superior (the linear or log). However simply remembering it takes a long time and much capital to exit them, is your greatest fall back.

Correct me if I'm wrong but arent those charts old? They look 2-3 weeks old to me?

They are.