Bitcoin Forum
January 21, 2021, 03:07:09 AM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: 1/24 Closing Price:
<$32,000 - 8 (18.6%)
$32,000-$33,000 - 3 (7%)
$33,000-$34,000 - 1 (2.3%)
$34,000-$35,000 - 3 (7%)
$35,000-$36,000 - 4 (9.3%)
$36,000-$37,000 - 5 (11.6%)
$37,000-$38,000 - 3 (7%)
$38,000-$39,000 - 1 (2.3%)
$39,000-$40,000 - 3 (7%)
$40,000-$41,000 - 2 (4.7%)
$41,000-$42,000 - 0 (0%)
>$42,000 - 10 (23.3%)
Total Voters: 43

Pages: « 1 ... 6445 6446 6447 6448 6449 6450 6451 6452 6453 6454 6455 6456 6457 6458 6459 6460 6461 6462 6463 6464 6465 6466 6467 6468 6469 6470 6471 6472 6473 6474 6475 6476 6477 6478 6479 6480 6481 6482 6483 6484 6485 6486 6487 6488 6489 6490 6491 6492 6493 6494 [6495] 6496 6497 6498 6499 6500 6501 6502 6503 6504 6505 6506 6507 6508 6509 6510 6511 6512 6513 6514 6515 6516 6517 6518 6519 6520 6521 6522 6523 6524 6525 6526 6527 6528 6529 6530 6531 6532 6533 6534 6535 6536 6537 6538 6539 6540 6541 6542 6543 6544 6545 ... 28035 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25067975 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
blatchcorn
Sr. Member
****
Offline Offline

Activity: 616
Merit: 251


View Profile
May 22, 2014, 07:37:03 PM

Obligatory:
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1611198429
Hero Member
*
Offline Offline

Posts: 1611198429

View Profile Personal Message (Offline)

Ignore
1611198429
Reply with quote  #2

1611198429
Report to moderator
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
May 22, 2014, 07:42:01 PM

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
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
May 22, 2014, 07:48:56 PM

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
Sr. Member
****
Offline Offline

Activity: 471
Merit: 250



View Profile
May 22, 2014, 07:55:00 PM

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
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


View Profile
May 22, 2014, 08:00:39 PM


Explanation
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
May 22, 2014, 08:04:26 PM

Of interest, from alt-markets blog:

Quote from: BrandonSmith
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
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
May 22, 2014, 08:08:02 PM

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
Member
**
Offline Offline

Activity: 91
Merit: 10


View Profile
May 22, 2014, 08:09:11 PM

Of interest, from alt-markets blog:

Quote from: BrandonSmith
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
Legendary
*
Offline Offline

Activity: 2100
Merit: 1044


View Profile
May 22, 2014, 08:11:00 PM

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
Legendary
*
Offline Offline

Activity: 2142
Merit: 1029



View Profile
May 22, 2014, 08:14:12 PM
Last edit: May 22, 2014, 08:25:18 PM by podyx



This will be mine Cheesy
soon...

or maybe I go for a white one
BldSwtTrs
Legendary
*
Offline Offline

Activity: 856
Merit: 1003


View Profile
May 22, 2014, 08:15:02 PM

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
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
May 22, 2014, 08:16:37 PM

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
Legendary
*
Offline Offline

Activity: 2100
Merit: 1044


View Profile
May 22, 2014, 08:18:57 PM

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
Legendary
*
Offline Offline

Activity: 1807
Merit: 1048


View Profile
May 22, 2014, 08:19:30 PM



This will be mine Cheesy
soon...

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

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 Cry  

EDIT: I wonder why people sell now when we are clearly on an uptrend?!
Benjig
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250



View Profile
May 22, 2014, 08:20:09 PM

(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
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


View Profile
May 22, 2014, 08:23:47 PM

(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
Legendary
*
Offline Offline

Activity: 2142
Merit: 1029



View Profile
May 22, 2014, 08:24:26 PM


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

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 Cry  

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

Just buy now and get like 17 coins
wachtwoord
Legendary
*
Offline Offline

Activity: 2100
Merit: 1044


View Profile
May 22, 2014, 08:24:45 PM

(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.
RandomPedestrianN9
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
May 22, 2014, 08:27:33 PM

Much crowds, very spread, truly not just pump manipulation in dead market, volume not stagnating at all.
dreamspark
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


View Profile
May 22, 2014, 08:28:41 PM

(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.

Thats one of the worst bear fails I've seen around here  Grin
Pages: « 1 ... 6445 6446 6447 6448 6449 6450 6451 6452 6453 6454 6455 6456 6457 6458 6459 6460 6461 6462 6463 6464 6465 6466 6467 6468 6469 6470 6471 6472 6473 6474 6475 6476 6477 6478 6479 6480 6481 6482 6483 6484 6485 6486 6487 6488 6489 6490 6491 6492 6493 6494 [6495] 6496 6497 6498 6499 6500 6501 6502 6503 6504 6505 6506 6507 6508 6509 6510 6511 6512 6513 6514 6515 6516 6517 6518 6519 6520 6521 6522 6523 6524 6525 6526 6527 6528 6529 6530 6531 6532 6533 6534 6535 6536 6537 6538 6539 6540 6541 6542 6543 6544 6545 ... 28035 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!