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Question: Jan. 17 Closing Price:
$0 - 3 (2.7%)
<$6500 - 5 (4.5%)
$6,500-$7,000 - 6 (5.4%)
$7,000-$7,500 - 8 (7.2%)
$7,500-$8,000 - 16 (14.4%)
$8,000-$8,500 - 25 (22.5%)
$8,500-$9,000 - 10 (9%)
$9,000-$9,500 - 15 (13.5%)
>$9,500 - 23 (20.7%)
Total Voters: 111

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21497280 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. (138 posts by 32 users deleted.)
Asrael999
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June 12, 2017, 11:05:32 AM

Let's see how long the Bitcoin is a store of value argument lasts once Bitcoin is no longer the largest coin by market cap. You had your chance to scale , four years and counting since it became an issue, still no solution and no evolution ---> extinction.

I thought you were one of us?

I am - but I am also sick of the blatant manipulation and time wasting that has gone on over the last few years to the detriment of this community and decentralised cryptocurrency.

Bitcoin is not a store of value , it is a disruptive value transmission technology, stores of value preserve purchasing, power they don't multiply it many times like Bitcoin has - that's the characteristic of a speculative investment.

TPS and it's expansion is absolutely central to the long term success of bitcoin and everyday that passes without an expansion in bitcoins capability on this front leads us one step closer to doom. I've been in this game since I got ripped off by Butterfly labs in 2013 and at my peak owned a lot of Bitcoin. I now own no more than I am comfortable to lose, I do not buy ETH as I am uncomfortable with the concept of putting value into a crypto that can be reasssigned at the whim of a centralised authority, taxes are bad enough I don't need an Emperor confiscating my property on a whim

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Dakustaking76
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June 12, 2017, 11:08:00 AM

What is happening 😱 Shocked Shocked Shocked
Asrael999
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June 12, 2017, 11:10:09 AM

Let's see how long the Bitcoin is a store of value argument lasts once Bitcoin is no longer the largest coin by market cap. You had your chance to scale , four years and counting since it became an issue, still no solution and no evolution ---> extinction.

something can be a higher market cap yet have no characteristics of a store of value. store of value was always something of a myth though. it would take many years before it was a fact.

I agree but I see a lot of new accounts with poor English promoting BTC as a value store on this and other threads. BTC has been clearly marketed in other parts of the world as a "store of value" which it isn't and this is part of the blocking strategy for TPS expansion.
luckygenough56
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June 12, 2017, 11:10:39 AM

am just watching and don't make money, such a weak hand
Icygreen
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June 12, 2017, 11:11:22 AM

What is happening 😱 Shocked Shocked Shocked
The long Con
Asrael999
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June 12, 2017, 11:12:51 AM

What is happening 😱 Shocked Shocked Shocked
Short version people are dumping Bitcoin for ETH.
B1tUnl0ck3r
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June 12, 2017, 11:13:41 AM

Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).

What's the size of the mempool?
dwtan
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June 12, 2017, 11:14:13 AM

time to grab some bitcoin  Grin
JakaE
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June 12, 2017, 11:15:27 AM

What is happening 😱 Shocked Shocked Shocked
Short version people are dumping Bitcoin for ETH.

I don't think so. ETH crashed from 400 to 320 at around the same time and even faster. It recovered faster too.
luckygenough56
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June 12, 2017, 11:16:35 AM

What exchange can I use to buy ETH? Need to prepare myself.

I cannot log into coinbase and gemini.exchange doesn't work in my country

kraken ? poloniex ?
0rganic
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June 12, 2017, 11:17:22 AM

What is happening 😱 Shocked Shocked Shocked

Thanks just bought another 100 Bitcoin  Grin
ShroomsKit_Disgrace
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June 12, 2017, 11:17:33 AM

Shorting ETH/BTC is probably a very good idea right now.


What exchange can I use to buy ETH? Need to prepare myself.

I cannot log into coinbase and gemini.exchange doesn't work in my country

Which version of you should I trust?
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June 12, 2017, 11:17:59 AM

Well, it was good while it lasted. Time to go buy a bunch of treasury bonds and hope they take off.
luckygenough56
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June 12, 2017, 11:18:32 AM

i bet marketcaps will meet at ethereum 500 dollars
Asrael999
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June 12, 2017, 11:18:35 AM

Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).

What's the size of the mempool?

Which is why the Lightning network is also necessary, Bitcoin as is cannot sustain itself. Not enough TPS to sustain itself with a low block reward. New users look at the fees and go you know what I'll use something else.
BlindMayorBitcorn
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June 12, 2017, 11:19:23 AM

Shorting ETH/BTC is probably a very good idea right now.


What exchange can I use to buy ETH? Need to prepare myself.

I cannot log into coinbase and gemini.exchange doesn't work in my country

Which version of you should I trust?


Apparently neither.
Elwar
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June 12, 2017, 11:20:48 AM

Just as I said when the price rose 10% in one day that it will correct itself...a 10% drop will certainly correct itself too (as it appears to be doing).
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June 12, 2017, 11:22:16 AM

Check out all the trolling & FUD, OMG the price has been 'dumped' to $2780, what ever will us bitcoin'ers do?
I wish all the ETH talk could be confined to the altcoin section.
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June 12, 2017, 11:23:22 AM


Always remember the best time to buy Ether is at the most monumentally FOMO'd multiple times all-time-high expensive spike of all time - specially if you are a Bitcoin whale and need to be "fleeced" of significant parts of your holdings  Cheesy

Also remember that the best time to buy Ether is when it's just mature enough for hundreds of bubbly ICO's to be requiring millions of Ether in exchange for hot air, but not far enough down the line for all the competitors that are about to make its tech obsolete to be significantly visible over the horizon. (specially if you are a Bitcoin whale and need to be "fleeced".....).
Icygreen
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June 12, 2017, 11:24:19 AM

I carry about 50\50 in my portfolio with no other cryptos and the dollar balance didn't really fluctuate during this. Actually I'm even up a little now.
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