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

[Paashaas]

some of these layer-2 projects are rapidly approaching ... giving me goosebumps to see the new financial system take place before our eyes, it's amazing what open source permissionless platform allows. Banksters must be just agape when watching this techno-wizardy appear out of seemingly nowhere that makes their pathetic historic IT systems and current 'blockchain' BS look thoroughly pedestrian and mediocre.

https://medium.com/@rusty_lightning/lightning-inter-node-protocol-a-primer-c642816c8b8

https://www.youtube.com/watch?v=F_0GxYU3SFc not to mention banksters ETH just got pwnd  
"The whole lightning network can be implemented in about 100 lines of Rootstock code" ... whoa!

NB: this is some dense material but it all looks legit and serious heavy-duty protocols that can deliver huge benefits to bitcoin utility

Well said Marcus +1.

Those bankster created so many wars, deaths all that suffering and missery over mankind, but now we can by-pass there system without using a singel gun...<omg?>

I hope ppl will see it that Bitcoin is a very powerfull tool. Making profits is nice but it shoud not be oure main goal, getting rid of those fcking bankers, thats why Bitcoin has been created for.

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[r0ach]

The race-baiting insects are running the show now. I knew I should have stayed away.

[0rganic]

Feel free to buy that Eth scamcoin and have the rug instantly pulled out from under you.  They're pumping it in order to find momentum traders to dump on to get BTC for the BTC halving.  Only idiots hold altcoins during BTC halving.

It gets even worse for the ETH DAO investors, looks like your Eth investment is devalued upon price rise, this is going to end badly, so bad that... Dr Gavin Wood ETH chief scientist & DAO curator resigned , he know's whats coming    https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.4b1m1viv3

Hrmm! automated ponzi, progress is the future lol.

[Cassius]

Feel free to buy that Eth scamcoin and have the rug instantly pulled out from under you.  They're pumping it in order to find momentum traders to dump on to get BTC for the BTC halving.  Only idiots hold altcoins during BTC halving.

It gets even worse for the ETH DAO investors, looks like your Eth investment is devalued upon price rise, this is going to end badly, so bad that... Dr Gavin Wood ETH chief scientist & DAO curator resigned , he know's whats coming    https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.4b1m1viv3

Hrmm! automated ponzi, progress is the future lol.

Looks like a CMA move as much as anything. No one sane would want to be publicly associated with this. Seems like the vast majority of investors don't really understand what they've got themselves into.

[celebreze32]

Feel free to buy that Eth scamcoin and have the rug instantly pulled out from under you.  They're pumping it in order to find momentum traders to dump on to get BTC for the BTC halving.  Only idiots hold altcoins during BTC halving.

It gets even worse for the ETH DAO investors, looks like your Eth investment is devalued upon price rise, this is going to end badly, so bad that... Dr Gavin Wood ETH chief scientist & DAO curator resigned , he know's whats coming    https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.4b1m1viv3

Hrmm! automated ponzi, progress is the future lol.

Looks like a CMA move as much as anything. No one sane would want to be publicly associated with this. Seems like the vast majority of investors don't really understand what they've got themselves into.

It reminds me of the Paycoin fiasco, and the obscene amount of money it raised when it began. I still wonder if the Bitcoin crash afterwards was partially due to cashing out all the Bitcoins raised through Paycoin. This DAO could make a similar ETH crash.

[Cassius]

Feel free to buy that Eth scamcoin and have the rug instantly pulled out from under you.  They're pumping it in order to find momentum traders to dump on to get BTC for the BTC halving.  Only idiots hold altcoins during BTC halving.

It gets even worse for the ETH DAO investors, looks like your Eth investment is devalued upon price rise, this is going to end badly, so bad that... Dr Gavin Wood ETH chief scientist & DAO curator resigned , he know's whats coming    https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.4b1m1viv3

Hrmm! automated ponzi, progress is the future lol.

Looks like a CMA move as much as anything. No one sane would want to be publicly associated with this. Seems like the vast majority of investors don't really understand what they've got themselves into.

It reminds me of the Paycoin fiasco, and the obscene amount of money it raised when it began. I still wonder if the Bitcoin crash afterwards was partially due to cashing out all the Bitcoins raised through Paycoin. This DAO could make a similar ETH crash.

I think that might be a wider problem with ETH, at least in the medium term. Crowdfund vast amounts -> sell pressure. It seems to be a hazard of 2.0 projects that use the same token for network fuel as they do for money. Same happened to Nxt. It doesn't help that plenty of anon projects will use it as an exit scam.

[X badapple X]

Feel free to buy that Eth scamcoin and have the rug instantly pulled out from under you.  They're pumping it in order to find momentum traders to dump on to get BTC for the BTC halving.  Only idiots hold altcoins during BTC halving.

It gets even worse for the ETH DAO investors, looks like your Eth investment is devalued upon price rise, this is going to end badly, so bad that... Dr Gavin Wood ETH chief scientist & DAO curator resigned , he know's whats coming  :-  https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.4b1m1viv3

Hrmm! automated ponzi, progress is the future lol.

"... All of this is trivially replicable using old-fashioned governance structures. Berkshire Hathaway would look a bit like the DAO if, instead of leaving things to Warren Buffett, all of its shareholders got to vote on every investment decision. When I put it like that you can probably see why this structure has not been super popular so far." https://www.bloomberg.com/view/articles/2016-05-17/[Suspicious link removed]pany-wants-to-reinvent-companies
Yup.

Lol, just noticed the ninja [Suspicious link removed] edit Thermos [Suspicious link removed]up to save us from [Suspicious link removed]
[Suspicious link removed]!!1!

[ImI]

BTC looks sooo fucking weak right now and that only few weeks apart from Halving, not the best sign imo.

[JayJuanGee]

BTC looks sooo fucking weak right now and that only few weeks apart from Halving, not the best sign imo.

You really have not substantiated your claim in the above post...

We went from about 10 months in the $200s in 2015, and then a shoot up to $502 and then several immediate subsequent challenges to push below $300 and then largely migrating up and bouncing between $360 and $460.. and with the past several weeks in the $440 to $460 price territory... actually the migration upwards from $403 to $470 on relatively low trade volume over 6 weeks.. and then here we are. 

For some reason I don't really consider the current scenario as "weak."   Maybe you can elaborate?  Or am I just inviting a nonsensical attempt at a discussion?

[ImI]

BTC looks sooo fucking weak right now and that only few weeks apart from Halving, not the best sign imo.

You really have not substantiated your claim in the above post...

you are right, i havent. its just an impression based for biggest parts on the complete lack of any volume and "action". BTC seems so bloodless right now it should be somehow vibrant right beneath such an important resistance and just weeks before the Halvening, but instead it seems sleeping.
another bad sign imo is that we have basically a very good sentiment, everybody is lookin forward with positive expectations to the Halvening. if nothing happens or the weeks before price might even start to decline we might see a big move south just out of disappointment.

[DaRude]

BTC looks sooo fucking weak right now and that only few weeks apart from Halving, not the best sign imo.

You really have not substantiated your claim in the above post...

you are right, i havent. its just an impression based for biggest parts on the complete lack of any volume and "action". BTC seems so bloodless right now it should be somehow vibrant right beneath such an important resistance and just weeks before the Halvening, but instead it seems sleeping.
another bad sign imo is that we have basically a very good sentiment, everybody is lookin forward with positive expectations to the Halvening. if nothing happens or the weeks before price might even start to decline we might see a big move south just out of disappointment.

The actual reduction of supply probably won't be felt for some time after the actual halfening. Seeing how it's mostly driven by speculation the fundamentals still have little to do with the price. So the hype should start ramping up soon^TM and peak at the halfening price should reflect the "expected" volume of hype

[JayJuanGee]

BTC looks sooo fucking weak right now and that only few weeks apart from Halving, not the best sign imo.

You really have not substantiated your claim in the above post...

you are right, i havent. its just an impression based for biggest parts on the complete lack of any volume and "action". BTC seems so bloodless right now it should be somehow vibrant right beneath such an important resistance and just weeks before the Halvening, but instead it seems sleeping.
another bad sign imo is that we have basically a very good sentiment, everybody is lookin forward with positive expectations to the Halvening. if nothing happens or the weeks before price might even start to decline we might see a big move south just out of disappointment.

Hahahahahaha...

I thought you were going to respond by personally attacking me, since that seems to be the kind of trend lately..   


Yeah... several of us have been investing in BTC for a while and you seem to have been investing much longer than me, but at least had the personal experience of a couple of upward price bubbles.

Also, several of us have at least studies bitcoin's past performance and have looked into a lot of the fundamental values and developments that cause us to be a bit anxious to have prices go up, but really I think that we need to recognize that price is bit beyond our control and even ability to predict exactly, so in that sense we gotta prepare for either price direction in order to preserve our own sanity... because as the expression goes, prices can be manipulated downward (and stay irrational) for much longer than we are capable of staying solvent (unless we take adequate measures and precautions in order to prepare for either price direction and not get too emotional about our investment. 

I do become somewhat emotional about bitcoin underneath because on an ongoing basis for nearly 2 1/2 years, I have been actively investing and preparing my BTC portfolio.... so, yeah, I would like prices to go up too.   I mean on a personal level, i have 96.35% of my investment in BTC and only 3.65% in fiat... so I am really preferring upwards;  however, it seems that we cannot really require that upwards is an absolute necessity in order for us to keep our confidence in bitcoin. 

I personally think that when we start to get too emotional about our investment and our thinking that it has to go up 20% or 500% or something, that may indicate that we have invested too much in one direction and maybe we have over invested in BTC overall? 

If we have over invested, then we have to reconsider how to reallocate our BTC holdings and how to do so in a reasonable manner that works for us and not to get upset if we pull some fiat out and then if prices shoot-up soon thereafter that pull out (because if we play it right, we can profit from either price direction.. and no matter what keep some stake in the game for either price direction and have insurance).

I don't mean to come off as lecturing, but really your earlier pessimistic comment seems to have placed way too many expectations in the price direction and suggesting that BTC is a failure if prices do not go up from here... I personally, don't think that prices are going to return to sub $400s... but if they do, I think each of us has to consider that as a possibility and we gotta figure out ways to deal with such occurrences, no?  and maybe even make a partial exit from BTC now, if we think that sub $400s would be psychologically too much for us to handle if it were to occur.

[r0ach]

This DAO could make a similar ETH crash.

The DAO is going to cause a biblical crash in Eth and all that money will be going right back to BTC for the halving:

The next big move in crypto markets is when these DAO people can sell.  I don't recall the exact date, but I think it was May 27 or 28.  BTC comes to the end of a wedge near that date, and $130 million that was tied up in the form of Eth to invest in the DAO is now considered a horrible investment by just about everyone.  They will likely dump the hell out of those, imploding the Eth market in the process, and put the mony into BTC for halving gains.

Why the DAO is either a horrible investment at best, and scam at worst:

http://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa

More on that subject below:

After reading that through, it looks like the entire system was designed as a way to give the appearance of a risk free chance at profit, with the goal of the issuers just being to pump Eth in the short term (likely so the Eth devs can just dump and cash out like Vitalik was doing).  Even if one of these ventures did become profitable, the payoff would be delayed until like 2020.  If you just held BTC until 2020, you could have a god knows how big of fortune instead of some measily "slock.it" smart meter or whatever the hell gains.

It's clear this whole thing was just a pump scheme with the goal of inflating Eth market cap.  Attempt to lock up $100 million in the short term with the possibility of locking people in longer if they do something stupid like vote to make their funds unspendable.  What was the date DAO people can start selling again?  May 28th or something?  I have a feeling Eth shorts are going to do well that day.

[Fatman3001]

BTC looks sooo fucking weak right now and that only few weeks apart from Halving, not the best sign imo.

You really have not substantiated your claim in the above post...

you are right, i havent. its just an impression based for biggest parts on the complete lack of any volume and "action". BTC seems so bloodless right now it should be somehow vibrant right beneath such an important resistance and just weeks before the Halvening, but instead it seems sleeping.
another bad sign imo is that we have basically a very good sentiment, everybody is lookin forward with positive expectations to the Halvening. if nothing happens or the weeks before price might even start to decline we might see a big move south just out of disappointment.

No scaling solution. No capacity. No room for growth.

The one consolation, if this goes to fuck, is to see the swathes of retard monkeys drown in their own cum as they fap their way to the bottom.

[Mervyn_Pumpkinhead]

ETH is growing while the volume for BTC is only slowing

[JayJuanGee]

BTC looks sooo fucking weak right now and that only few weeks apart from Halving, not the best sign imo.

You really have not substantiated your claim in the above post...

you are right, i havent. its just an impression based for biggest parts on the complete lack of any volume and "action". BTC seems so bloodless right now it should be somehow vibrant right beneath such an important resistance and just weeks before the Halvening, but instead it seems sleeping.
another bad sign imo is that we have basically a very good sentiment, everybody is lookin forward with positive expectations to the Halvening. if nothing happens or the weeks before price might even start to decline we might see a big move south just out of disappointment.

No scaling solution. No capacity. No room for growth.

The one consolation, if this goes to fuck, is to see the swathes retard monkeys drown in their own cum as they fap their way to the bottom.

Quite a bit of pent up hate in there, fatty - even though your scenario seems quite unlikely to play out, and more likely the opposite is going to occur.

The no capacity, failure to scale naysayers been screaming all the way up from $403, and yeah, we have not quite broken $470 yet with any meaning, but it seems a hellava lot more likely that within the coming months (could even be shorter than that) we're gonna be breaking $470 rather than going back below $400, or do you or anyone else believe to the contrary? 

[Fatman3001]

^^^ look! there's one!

[JayJuanGee]

^^^ look! there's one!

Do you have any substance, or have turned into a complete butt hurt hater?

[Fatman3001]

ETH is growing while the volume for BTC is only slowing

Investors see exciting new technology where the people running the show are working to solve the technical challenges they face before they become a problem.

I know this seems exotic in an environment where development is hijacked by an appalachian christian fundamentalist anarchist who wants to be able to run the entire network on raspberry pi's and cyrix gear in time for the rapture, but that's how it should be done.

[hdbuck]

ETH is growing while the volume for BTC is only slowing

Investors see exciting new technology where the people running the show are working to solve the technical challenges they face before they become a problem.

I know this seems exotic in an environment where development is hijacked by an appalachian christian fundamentalist anarchist who wants to be able to run the entire network on raspberry pi's and cyrix gear in time for the rapture, but that's how it should be done.

man you are deranged specimen.
why would you stay here then? move on?
give US-lambchop-G a BJ, buy DAO and go fuck yourself.