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

[Denker]

for about a week now my computer time is very limited...today i checked the price and we are at ~1200 EURO    
pretty nice !! any good news for that ?

No just natural growth I would say.
Furthermore I would look more at the dollar charts as this is most use currency on this planet.
Forget about the shitty euro. A few more years and this stupid EU artificial currency won't exist anymore.

[york780]

for about a week now my computer time is very limited...today i checked the price and we are at ~1200 EURO    
pretty nice !! any good news for that ?

Yup.

-possible revival of the COIN ETF
-altcoin season is ending
-Roger Ver's going bankrupt soon
-SegWit rumours on BTC
-miners planning to desert Roger Ver and Jihan Wu
-Bitcoin is awesome
- + 4% is good for the weekend, expect a major spike next week on wednesday
-adoption keeps increasing
- FUD is fading away
-BU nodes crashing
-FOMO
-magic unicorns that I cant explain

[bitcoinvest]

for about a week now my computer time is very limited...today i checked the price and we are at ~1200 EURO  
pretty nice !! any good news for that ?

No just natural growth I would say.
Furthermore I would look more at the dollar charts as this is most use currency on this planet.
Forget about the shitty euro. A few more years and this stupid EU artificial currency won't exist anymore.

I live in Europe and this is the reason i do the math in EUR ..... but i will have to agree that is shitty in every aspect...... the currency is not the only one that will not exist, my opinion is that many countries will go out of the euro zone in the next years....

[droizs]

for about a week now my computer time is very limited...today i checked the price and we are at ~1200 EURO    
pretty nice !! any good news for that ?

Yup.

-possible revival of the COIN ETF
-altcoin season is ending
-Roger Ver's going bankrupt soon
-SegWit rumours on BTC
-miners planning to desert Roger Ver and Jihan Wu
-Bitcoin is awesome
- + 4% is good for the weekend, expect a major spike next week on wednesday
-adoption keeps increasing
- FUD is fading away
-BU nodes crashing
-FOMO
-magic unicorns that I cant explain

XRP is just starting dude... if you are that good at analyzing charts(as you claim to be) you should see what is coming.

[york780]

for about a week now my computer time is very limited...today i checked the price and we are at ~1200 EURO    
pretty nice !! any good news for that ?

Yup.

-possible revival of the COIN ETF
-altcoin season is ending
-Roger Ver's going bankrupt soon
-SegWit rumours on BTC
-miners planning to desert Roger Ver and Jihan Wu
-Bitcoin is awesome
- + 4% is good for the weekend, expect a major spike next week on wednesday
-adoption keeps increasing
- FUD is fading away
-BU nodes crashing
-FOMO
-magic unicorns that I cant explain

XRP is just starting dude... if you are that good at analyzing charts(as you claim to be) you should see what is coming.

Short term, yes.
Long term nah
Banks are using its technology, not XRP itself.
Not sustainable long term, its toxic because of banks.

Blockchain should replace banks, corruption, manipulation.
Not helping banksters to continue their dirty tricks.

[droizs]

for about a week now my computer time is very limited...today i checked the price and we are at ~1200 EURO    
pretty nice !! any good news for that ?

Yup.

-possible revival of the COIN ETF
-altcoin season is ending
-Roger Ver's going bankrupt soon
-SegWit rumours on BTC
-miners planning to desert Roger Ver and Jihan Wu
-Bitcoin is awesome
- + 4% is good for the weekend, expect a major spike next week on wednesday
-adoption keeps increasing
- FUD is fading away
-BU nodes crashing
-FOMO
-magic unicorns that I cant explain

XRP is just starting dude... if you are that good at analyzing charts(as you claim to be) you should see what is coming.

Short term, yes.
Long term nah
Banks are using its technology, not XRP itself.
Not sustainable long term, its toxic because of banks.

Blockchain should replace banks, corruption, manipulation.
Not helping banksters to continue their dirty tricks.

Not true, some banks are already testing with xrp.

JoelKatz explained xrp abridged model pretty well with this:

"
1) Ripple gets banks to use its payment technology.

2) Banks integrate Ripple's payment system into their system.

3) This helps to eliminate all the technical obstacles to banks routing payments through a crypto-currency. (Regulatory, compliance, business rules, integration effort, etcetera.)

4) Banks use the system to clear payments with each other, probably using mostly ILP. (ILP is a protocol that permits atomic, cross-ledger payments. Most importantly, it allows a "connector" to facilitate the payment even if that connector is not trusted by either the sender, the recipient, or the source and destination financial institutions.)

5) Ripple tries to make XRP the premium connector by targeting inefficient corridors.

6) If XRP can efficiently bridge X% of payments between banks that use Ripple, it will.

7) This will increase the demand for XRP as connectors need XRP to buy the destination currency for their trades.

If XRP is cheap to trade with other currencies, people who don't know what currency they'll need next may hold XRP.

9) If XRP is cheap to trade with other currencies, people who are willing to buy any currency they can get cheaply may hold XRP.

10) This can lead to a cycle of increasing demand."

[European Central Bank]

xrp feels like it's been around forever. i still don't understand how it managed to inveigle its way into being thought of as a cryptocurrency when there's nothing i can detect that bears any resemblance to what one should be.

the only reason i can think of is that it appeared around the same time.

[york780]

for about a week now my computer time is very limited...today i checked the price and we are at ~1200 EURO  
pretty nice !! any good news for that ?

Yup.

-possible revival of the COIN ETF
-altcoin season is ending
-Roger Ver's going bankrupt soon
-SegWit rumours on BTC
-miners planning to desert Roger Ver and Jihan Wu
-Bitcoin is awesome
- + 4% is good for the weekend, expect a major spike next week on wednesday
-adoption keeps increasing
- FUD is fading away
-BU nodes crashing
-FOMO
-magic unicorns that I cant explain

XRP is just starting dude... if you are that good at analyzing charts(as you claim to be) you should see what is coming.

Short term, yes.
Long term nah
Banks are using its technology, not XRP itself.
Not sustainable long term, its toxic because of banks.

Blockchain should replace banks, corruption, manipulation.
Not helping banksters to continue their dirty tricks.

Not true, some banks are already testing with xrp.

JoelKatz explained xrp abridged model pretty well with this:

"
1) Ripple gets banks to use its payment technology.

2) Banks integrate Ripple's payment system into their system.

3) This helps to eliminate all the technical obstacles to banks routing payments through a crypto-currency. (Regulatory, compliance, business rules, integration effort, etcetera.)

4) Banks use the system to clear payments with each other, probably using mostly ILP. (ILP is a protocol that permits atomic, cross-ledger payments. Most importantly, it allows a "connector" to facilitate the payment even if that connector is not trusted by either the sender, the recipient, or the source and destination financial institutions.)

5) Ripple tries to make XRP the premium connector by targeting inefficient corridors.

6) If XRP can efficiently bridge X% of payments between banks that use Ripple, it will.

7) This will increase the demand for XRP as connectors need XRP to buy the destination currency for their trades.

If XRP is cheap to trade with other currencies, people who don't know what currency they'll need next may hold XRP.

9) If XRP is cheap to trade with other currencies, people who are willing to buy any currency they can get cheaply may hold XRP.

10) This can lead to a cycle of increasing demand."

Thanks for your arguments.
For now it seems that ETH & XRP dont have such a big community.
There lots of companies using it, but not so many people.

1)
Implementing XRP paying technology (blockchain), not XRP itself.
2)
idemdito
3)
Yes we all know the benefits of blockchain.

Eth & XRP may be inovative, but companies are using their technology, not their tokens or currency.

BTC is getting used in real cases, buying stuff, casino's , store of value, buying houses, cars and I could go on.

This is a crucial difference that many traders dont understand yet.
For now banks, microsoft and other big investors are just sucking the tech. out of XRP and ETH to dump them when they are finished with them (implemented their knowledge)
Thats how they survive.
This is bad for blockchain and so crypto.
I dont support this movement.
Power needs to be decentralized, not making the evil system even stronger.

I see coins like ETH and XRP as some traitors that are stabbing crypto in the back.
Anyway this is my opinion.
I wish you good fortune in the future.

[droizs]

for about a week now my computer time is very limited...today i checked the price and we are at ~1200 EURO  
pretty nice !! any good news for that ?

Yup.

-possible revival of the COIN ETF
-altcoin season is ending
-Roger Ver's going bankrupt soon
-SegWit rumours on BTC
-miners planning to desert Roger Ver and Jihan Wu
-Bitcoin is awesome
- + 4% is good for the weekend, expect a major spike next week on wednesday
-adoption keeps increasing
- FUD is fading away
-BU nodes crashing
-FOMO
-magic unicorns that I cant explain

XRP is just starting dude... if you are that good at analyzing charts(as you claim to be) you should see what is coming.

Short term, yes.
Long term nah
Banks are using its technology, not XRP itself.
Not sustainable long term, its toxic because of banks.

Blockchain should replace banks, corruption, manipulation.
Not helping banksters to continue their dirty tricks.

Not true, some banks are already testing with xrp.

JoelKatz explained xrp abridged model pretty well with this:

"
1) Ripple gets banks to use its payment technology.

2) Banks integrate Ripple's payment system into their system.

3) This helps to eliminate all the technical obstacles to banks routing payments through a crypto-currency. (Regulatory, compliance, business rules, integration effort, etcetera.)

4) Banks use the system to clear payments with each other, probably using mostly ILP. (ILP is a protocol that permits atomic, cross-ledger payments. Most importantly, it allows a "connector" to facilitate the payment even if that connector is not trusted by either the sender, the recipient, or the source and destination financial institutions.)

5) Ripple tries to make XRP the premium connector by targeting inefficient corridors.

6) If XRP can efficiently bridge X% of payments between banks that use Ripple, it will.

7) This will increase the demand for XRP as connectors need XRP to buy the destination currency for their trades.

If XRP is cheap to trade with other currencies, people who don't know what currency they'll need next may hold XRP.

9) If XRP is cheap to trade with other currencies, people who are willing to buy any currency they can get cheaply may hold XRP.

10) This can lead to a cycle of increasing demand."

Thanks for your arguments.
For now it seems that ETH & XRP dont have such a big community.
There lots of companies using it, but not so many people.

1)
Implementing XRP paying technology (blockchain), not XRP itself.
2)
idemdito
3)
Yes we all know the benefits of blockchain.

Eth & XRP may be inovative, but companies are using their technology, not their tokens or currency.

BTC is getting used in real cases, buying stuff, casino's , store of value, buying houses, cars and I could go on.

This is a crucial difference that many traders dont understand yet.
For now banks, microsoft and other big investors are just sucking the tech. out of XRP and ETH to dump them when they are finished with them (implemented their knowledge)
Thats how they survive.
This is bad for blockchain and so crypto.
I dont support this movement.
Power needs to be decentralized, not making the evil system even stronger.

I see coins like ETH and XRP as some traitors that are stabbing crypto in the back.
Anyway this is my opinion.
I wish you good fortune in the future.

Like I said before, I look at eth and xrp as the other side of the btc coin. Centralized organizations like banks will never go away, they will have to adapt to survive for what btc is doing, and they are doing it already.

The talk that banks are "evil" bla bla is getting tiring, the actual state of financial crisis some countries are in has nothing to do with banks IMO.

Also Mr. robot much?

[Meuh6879]

Like I said before, I look at eth and xrp as the other side of the btc coin. Centralized organizations like banks will never go away, they will have to adapt to survive for what btc is doing, and they are doing it already.

http://www.zerohedge.com/news/2017-04-28/blockchain-about-disrupt-7-trillion-industry

The name of the project that made a 25-minute trade possible is Easy Trading Connect. It’s a partnership between Société Générale and ING.

And it works by moving the transactions to a private version of the Ethereum blockchain.

This particular transaction involved ING, Société Générale, and commodity trading house Mercuria.

[york780]

Like I said before, I look at eth and xrp as the other side of the btc coin. Centralized organizations like banks will never go away, they will have to adapt to survive for what btc is doing, and they are doing it already.

http://www.zerohedge.com/news/2017-04-28/blockchain-about-disrupt-7-trillion-industry

The name of the project that made a 25-minute trade possible is Easy Trading Connect. It’s a partnership between Société Générale and ING.

And it works by moving the transactions to a private version of the Ethereum blockchain.

This particular transaction involved ING, Société Générale, and commodity trading house Mercuria.

Exactly.

The future is decentralized, immutable and without a useless middleman.

[droizs]

Like I said before, I look at eth and xrp as the other side of the btc coin. Centralized organizations like banks will never go away, they will have to adapt to survive for what btc is doing, and they are doing it already.

http://www.zerohedge.com/news/2017-04-28/blockchain-about-disrupt-7-trillion-industry

The name of the project that made a 25-minute trade possible is Easy Trading Connect. It’s a partnership between Société Générale and ING.

And it works by moving the transactions to a private version of the Ethereum blockchain.

This particular transaction involved ING, Société Générale, and commodity trading house Mercuria.

Exactly.

The future is decentralized, immutable and without a useless middleman.

You seem to dislike centralization, I don't go 100% with it too. Yet BTC is centralized too because it is controlled and manipulated by the miners.

[JayJuanGee]

Like I said before, I look at eth and xrp as the other side of the btc coin. Centralized organizations like banks will never go away, they will have to adapt to survive for what btc is doing, and they are doing it already.

http://www.zerohedge.com/news/2017-04-28/blockchain-about-disrupt-7-trillion-industry

The name of the project that made a 25-minute trade possible is Easy Trading Connect. It’s a partnership between Société Générale and ING.

And it works by moving the transactions to a private version of the Ethereum blockchain.

This particular transaction involved ING, Société Générale, and commodity trading house Mercuria.

Exactly.

The future is decentralized, immutable and without a useless middleman.

You seem to dislike centralization, I don't go 100% with it too. Yet BTC is centralized too because it is controlled and manipulated by the miners.

Maybe you don't understand "centralization," droizs?  if you have chaos and different entities trying to manipulate, but not quite able to achieve their objectives, that is not "centralization" in the traditional meaning of the idea.

[gembitz]

Like I said before, I look at eth and xrp as the other side of the btc coin. Centralized organizations like banks will never go away, they will have to adapt to survive for what btc is doing, and they are doing it already.

http://www.zerohedge.com/news/2017-04-28/blockchain-about-disrupt-7-trillion-industry

The name of the project that made a 25-minute trade possible is Easy Trading Connect. It’s a partnership between Société Générale and ING.

And it works by moving the transactions to a private version of the Ethereum blockchain.

This particular transaction involved ING, Société Générale, and commodity trading house Mercuria.

Exactly.

The future is decentralized, immutable and without a useless middleman.

You seem to dislike centralization, I don't go 100% with it too. Yet BTC is centralized too because it is controlled and manipulated by the miners.

Maybe you don't understand "centralization," droizs?  if you have chaos and different entities trying to manipulate, but not quite able to achieve their objectives, that is not "centralization" in the traditional meaning of the idea.

#freetibet?  :-D

[york780]

Like I said before, I look at eth and xrp as the other side of the btc coin. Centralized organizations like banks will never go away, they will have to adapt to survive for what btc is doing, and they are doing it already.

http://www.zerohedge.com/news/2017-04-28/blockchain-about-disrupt-7-trillion-industry

The name of the project that made a 25-minute trade possible is Easy Trading Connect. It’s a partnership between Société Générale and ING.

And it works by moving the transactions to a private version of the Ethereum blockchain.

This particular transaction involved ING, Société Générale, and commodity trading house Mercuria.

Exactly.

The future is decentralized, immutable and without a useless middleman.

You seem to dislike centralization, I don't go 100% with it too. Yet BTC is centralized too because it is controlled and manipulated by the miners.

Maybe you don't understand "centralization," droizs?  if you have chaos and different entities trying to manipulate, but not quite able to achieve their objectives, that is not "centralization" in the traditional meaning of the idea.

#freetibet?  :-D

Nah its green dildo time
Eazy peasy lemon squeezy!
Prepair for new hights.

[Meuh6879]

more pepper, please ...

[jbreher]

I don't see SW atm..

Roger Ver is running out of money,

I've got news for you. Despite all the durm und strang in these here controlled venues, Roger Ver has very little to do with the pervasive popularity of BU. Neither does Jihan.

But continue to revel in your proud ignorance nevertheless...

[STT]

I believe this current formation is a flag, a bullish sign of a possible further break upwards.  The flag is formed after consolidation post a rise through resistance.     I'm not that familiar with flag action but I just hear it mentioned alot in stock markets as they are at highs.  
Bitcoin bears a parallel generally in that they both benefit from the zero interest rate policy for dollars.   Though FED has raised rates again recently, it moves in very small amounts and lags the inflation rate which is higher then base rates.   We have at present negative rates when accounting for losses to inflation, this benefits market speculators with far lower costs to borrow any other time in history almost.

[Nagadota]

I believe this current formation is a flag, a bullish sign of a possible further break upwards.  The flag is formed after consolidation post a rise through resistance.     I'm not that familiar with flag action but I just hear it mentioned alot in stock markets as they are at highs.  
Bitcoin bears a parallel generally in that they both benefit from the zero interest rate policy for dollars.   Though FED has raised rates again recently, it moves in very small amounts and lags the inflation rate which is higher then base rates.   We have at present negative rates when accounting for losses to inflation, this benefits market speculators with far lower costs to borrow any other time in history almost.

Looks like we're finally through the giant cup and handle formation that's been happening since 2013.  I have no idea what could happen now - it could break further upwards but I can't see any events which would make it happen.  The tiny liquidity on exchanges is making the price unpredictable and my head hurts.

[Eric Cartman]

more pepper, please ...

go to Bitfinex, they are above ATH