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

[8up]

Someone's dump is someone's pump. Might also turn around.

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[shmadz]

Ripple chart

Someone's dump is someone's pump. Might also turn around.

Wait a second, is that graphic actually saying the total supply is 100 billion, but the available supply is *only* 30 billion??

[macsga]

Someone's dump is someone's pump. Might also turn around.

In every similar situation in the past (dump n pump), an alt used to be a ''bitcoin sanctuary'' afaic the price. Maybe because this way, it's easier to move around huge amount of money without those being dollars, euros etc. In the past LTC used to be in this role. This time it is Ripple. I really don't understand no other way other than "short-term" storage value for Ripple. The possibility that -at any given time- the ones who made it, can also call it off simply makes me wary.

[bassclef]

Went long at $305. Here comes the pump.

Edit: this sub has really gone downhill, btw.

[8up]

Ripple chart

Someone's dump is someone's pump. Might also turn around.

Wait a second, is that graphic actually saying the total supply is 100 billion, but the available supply is *only* 30 billion??

And this my friend is the reason, why Ripple is the wrong pill. It's not designed to make people more free, but keep the current system alive! This is also, why banks and governments will like it more than Bitcoin.

Bitcoin is a movement for freedom and human rights. Ripple might lead us in a dystopian future. We will se how it plays out and which pill people choose.

This is why I wonder, who are the real supporters of Bitcoin - taking a very high risk, to free society! And are not in the game for a short time profit - which definitley can and will be made in Ripple from here on.

This also says. The ones who help society to flourish the most, should get high rewards.

[shmadz]

Someone's dump is someone's pump. Might also turn around.

In every similar situation in the past (dump n pump), an alt used to be a ''bitcoin sanctuary'' afaic the price. Maybe because this way, it's easier to move around huge amount of money without those being dollars, euros etc. In the past LTC used to be in this role. This time it is Ripple. I really don't understand no other way other than "short-term" storage value for Ripple. The possibility that -at any given time- the ones who made it, can also call it off simply makes me wary.

Dude, what about the 70 billion xrp outstanding, just waiting to be dumped?

This thing is almost as scammish as private central bank fiat money!

Edit

And this my friend is the reason, why Ripple is the wrong pill. It's not designed to make people more free, but keep the current system alive! This is also, why banks and governments will like it more than Bitcoin.

Bitcoin is a movement for freedom and human rights. Ripple might lead us in a dystopian future. We will se how it plays out and which pill people choose.

This is why I wonder, who are the real supporters of Bitcoin - taking a very high risk, to free society! And are not in it for the  short time profit - which definitley can and will be made in Ripple from here on.

Thanks dude, that makes more sense.

This may be a losing battle, but it's one I intend to fight till the end.

"They can take our FREEDOM, but they'll never take our BITCOIN!"

[macsga]

Someone's dump is someone's pump. Might also turn around.

In every similar situation in the past (dump n pump), an alt used to be a ''bitcoin sanctuary'' afaic the price. Maybe because this way, it's easier to move around huge amount of money without those being dollars, euros etc. In the past LTC used to be in this role. This time it is Ripple. I really don't understand no other way other than "short-term" storage value for Ripple. The possibility that -at any given time- the ones who made it, can also call it off simply makes me wary.

Dude, what about the 70 billion xrp outstanding, just waiting to be dumped?

This thing is almost as scammish as private central bank fiat money!

Those make me paranoid & wary too!!!! 

[8up]

Someone's dump is someone's pump. Might also turn around.

In every similar situation in the past (dump n pump), an alt used to be a ''bitcoin sanctuary'' afaic the price. Maybe because this way, it's easier to move around huge amount of money without those being dollars, euros etc. In the past LTC used to be in this role. This time it is Ripple. I really don't understand no other way other than "short-term" storage value for Ripple. The possibility that -at any given time- the ones who made it, can also call it off simply makes me wary.

Dude, what about the 70 billion xrp outstanding, just waiting to be dumped?

This thing is almost as scammish as private central bank fiat money!

Edit

And this my friend is the reason, why Ripple is the wrong pill. It's not designed to make people more free, but keep the current system alive! This is also, why banks and governments will like it more than Bitcoin.

Bitcoin is a movement for freedom and human rights. Ripple might lead us in a dystopian future. We will se how it plays out and which pill people choose.

This is why I wonder, who are the real supporters of Bitcoin - taking a very high risk, to free society! And are not in it for the  short time profit - which definitley can and will be made in Ripple from here on.

Thanks dude, that makes more sense.

This may be a losing battle, but it's one I intend to fight till the end.

"They can take our FREEDOM, but they'll never take our BITCOIN!"

Disclaimer: It says not - Bitcoin can NOT fail. It just states in case a coin will get widely adopted I hope it is not Ripple & Co.

[8up]

Someone's dump is someone's pump. Might also turn around.

In every similar situation in the past (dump n pump), an alt used to be a ''bitcoin sanctuary'' afaic the price. Maybe because this way, it's easier to move around huge amount of money without those being dollars, euros etc. In the past LTC used to be in this role. This time it is Ripple. I really don't understand no other way other than "short-term" storage value for Ripple. The possibility that -at any given time- the ones who made it, can also call it off simply makes me wary.

Dude, what about the 70 billion xrp outstanding, just waiting to be dumped?

This thing is almost as scammish as private central bank fiat money!

Those make me paranoid & wary too!!!!  

This means Ripple Labs would be the de facto FED 2.0 (not limited to the US)

What frightens me most is, that in 5 to 10 years - cryptocurrencies will be all over the place. But the fight has to be won now - cause then it will be clear what most people will going to use.

I'd like to state, that not everything is as black and white, as I outlined it here: I believe Ripple has best intentions. And I think that Ripple can be very beneficial for the transition to the cryptomoney world. But in the long run ALL organizations get currupted - that's just human nature.

[podyx]

Ripple chart

Someone's dump is someone's pump. Might also turn around.

Wait a second, is that graphic actually saying the total supply is 100 billion, but the available supply is *only* 30 billion??

Yes, the creators hold 70% of the total supply

[ChartBuddy]

Explanation

[shmadz]

Ripple chart

Someone's dump is someone's pump. Might also turn around.

Wait a second, is that graphic actually saying the total supply is 100 billion, but the available supply is *only* 30 billion??

Yes, the creators hold 70% of the total supply

Are they based out of Florida by any chance?

http://cryptocoinupdates.com/florida-group-faces-fraud-charges-for-alleged-altcoin-pump-and-dump/

 

[hdbuck]

Days destroyed still low: https://blockchain.info/charts/bitcoin-days-destroyed
Somebody -right about now- must be running out of coinz....

[8up]

One last word on Ripple.

As owners claim they are compliant with regulations from the very beginning. This is exactly the attitude I dislike the most, as it leads directly to slavery in one form or another. Look back at history and see, how every single human right had to be fought about. Why should this have changed in recent times!?

Tell me the crypto you invest in and I tell you who you are.

[shmadz]

Ok, way past bedtime but I just had a thought about this story

http://m.bbc.com/news/world-us-canada-30508944
http://mobile.bloomberg.com/news/2014-12-17/putin-s-secret-gamble-bet-on-ukraine-backfires-in-ruble-crisis.html

I'm thinking this will eventually lead to Russia issuing some kind of gold backed ruble and signal the next escalation of the currency war.

I'll have to catch up with your thoughts/comments in the morning. Good night all.

[btcney]

One last word on Ripple.

As owners claim they are compliant with regulations from the very beginning. This is exactly the attitude I dislike the most, as it leads directly to slavery in one form or another. Look back at history and see, how every single human right had to be fought about. Why should this have changed in recent times!?

Tell me the crypto you invest in and I tell you who you are.

This is exactly why it will succeed.
I'm not saying dump all of your BTC for XRP, just that Ripple is really nice and works well.

[shmadz]

Obvious shill

Try harder

[rebuilder]

This is exactly why it will succeed.
I'm not saying dump all of your BTC for XRP, just that Ripple is really nice and works well.

It may do that, however the use case for Ripple is completely different from the use case for trustless currencies like Bitcoin.

With Ripple, you're transacting in IOUs and must trust the issuer of those IOUs to be solvent and willing to pay. Hopefully, that means IOUs from large institutions only will be accepted by most people. Otherwise it's a credit bubble in the making.

So Ripple seems best suited for activities that don't differ much from what you can do with banking nowadays. Maybe it can provide real value in that space, but any radical shifts to the status quo like uncensorable currency? I don't see it. That's what Bitcoin aims to do.

[spiderbrain]

Days destroyed still low: https://blockchain.info/charts/bitcoin-days-destroyed
Somebody -right about now- must be running out of coinz....

That's encouraging, I didn't think it smelled like a proper panic. A good double bottom is likely, then. Thank god, can we get this over with?

[macsga]

Days destroyed still low: https://blockchain.info/charts/bitcoin-days-destroyed
Somebody -right about now- must be running out of coinz....

That's encouraging, I didn't think it smelled like a proper panic. A good double bottom is likely, then. Thank god, can we get this over with?

This is the 5th year of BTC. No "proper panic" is allowed to older users (averaging > 1.5 years) but, human nature is a bitch. You never know