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Question: Is this the last time we see sub-$10K?
Yes - 37 (41.6%)
No - 52 (58.4%)
Total Voters: 89

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21529654 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. (142 posts by 32 users deleted.)
FractalUniverse
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July 11, 2017, 04:51:04 PM

gee, another shitcoin adding announcement while signing in to bitfinex  thats third in a moth already Roll Eyes are they paid for adding these or are they involved in such tokens somehow?
Also bitcoin is listed as second on quotes list after eth. wtf

If he does go to the clink even a few years will be tough on his waistline. Look at what a mere ten months did to it (and his jowls).
MagicalTux is losing weight thanks to healthy japanese diet Cheesy
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July 11, 2017, 04:58:59 PM

Only 141 vote? come on guys, vote the poll
drop or moon
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July 11, 2017, 05:05:50 PM

Good morning Bitcoinland.

I see we've bounced halfway back from yesterday's dips... currently $2366USD (Bitcoinaverage).

I hope everyone got a chance to take advantage of the buying opportunity. I didn't have a lot of spare cash but at least I got a chance to try out my newest, nearest ATM.

For small amounts, the saved travel time and expense more than compensates for the tiny bit of extra fees. I also caught a bit of a break in that regard. Last night. I paid a little over 7%. Today it's back up over 8%.

Seems to change daily. If the buy fee goes up, the sell fee goes down. I guess they're trying to balance their flow of coins just as a bookie adjusts the odds to balance the book.
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July 11, 2017, 05:12:40 PM

If the sort of dystopian, hyper-inflationary future that gold bugs predict actually happens, it seems likely to me that there will be jackbooted thugs kicking down their doors to take their gold. This has happened before, even in the US.

If they want to steal my bitcoins, they'd better be able to crack SHA-256.
Or crack your knees with a hammer until you give them your private key
A don't yell from rooftop that have bitcoins
B split it up to different wallets (worst case sacrifice one)
C Bitcoin is easier to hide than gold
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July 11, 2017, 05:24:42 PM

Another smart person has used critical thinking and common sense to suss out the ETH/ICO bull run scam:

https://twitter.com/sovereign_ind/status/875876199272247296

Now if we could just get every n00b ETH investor to read that and let it sink in for a moment... they would realize that Bitcoin was the 'sounder money' crypto all along.
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July 11, 2017, 05:33:19 PM

Because when hyperinflation sets in, all undervalued real/true assets will rise in value relative to fiat. And the global elite don't want anyone else to have those kind of assets.

Looks like what we have in store first of all is a huge crash, then maybe some depression (during which cash/fiat is king). Only later when people will be so desperate to ask for it (((they))) will come forth with their "solution" -inflation and/or NWO-coin. Just to say that having your cash buffers for the intermediate phase (which may last years) could be a good idea.
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July 11, 2017, 05:50:00 PM

^ while we're on the subject of r0ach making occasional sense in amongst all the bollox, there's this gem, highlighted by he-who-must-not-be-named

I lost .5 btc shorting eth

Eth is the LEAST aggregate market I've ever seen, which is why I never recommend people to short it.  The price is controlled by one single guy who runs the bots on Bologniex tied to either the Ethereum developers themselves, or some entity like Goldman Sachs.  Ever since Bitcoin started to rise, I watched them absorb something like 5000-10,000 BTC in Eth dumps on Poloniex just trying to prop the price up and prevent it from imploding.

The DOA event caused a dumpocalypse on them forcing them to absorb even more losses.  This single entity that controls the ETh price is underwater as fuck now and probably desperate to rid himself of some of those scamtokens.  I have a feeling the only reason it made it that high of value in the first place is the Eth devs themselves sent a bunch of Eth to Poloniex, then used those coins for collateral to margin long it to the moon while liquidating shoters.  Dan Larimer actually talked about attempting doing that himself once in the past when BTS was in the dumpster but he chickened out.  Him and Vitalik have been speaking a bit these days and maybe he gave Vitalik the idea.

http://btcbase.org/log/2016-06-22#1486944

This post is over a year old. And it sounds like pure fantasy to me. Just saying.
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July 11, 2017, 06:43:06 PM

We are still in the four digits.
No worries
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July 11, 2017, 07:18:27 PM

BTC total Market Cap

11th june 2017 $47 000 000 000 ---> 11th july 2017 $38 000 000 000.  $9 000 000 000 lost in 1 month.

11th july 2016 BTC total market cap $10 000 000 000
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July 11, 2017, 07:30:08 PM

BTC total Market Cap

11th june 2017 $47 000 000 000 ---> 11th july 2017 $38 000 000 000.  $9 000 000 000 lost in 1 month.

11th july 2016 BTC total market cap $10 000 000 000

Like you said.. about 470% gained in a year and about 18% lost in a month.  There is nothing new when we consider that bitcoin and other cryptos experience ups and downs in their prices (and accordingly their market caps), right?
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July 11, 2017, 07:33:14 PM

BTC total Market Cap

11th june 2017 $47 000 000 000 ---> 11th july 2017 $38 000 000 000.  $9 000 000 000 lost in 1 month.

11th july 2016 BTC total market cap $10 000 000 000

Like you said.. about 470% gained in a year and about 18% lost in a month.  There is nothing new when we consider that bitcoin and other cryptos experience ups and downs in their prices (and accordingly their market caps), right?

And what about the volume ? Ups and downs yes. But a fall of $9 000 000 000 last year would have nearly wipe out BTC lol
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July 11, 2017, 07:39:54 PM

BTC total Market Cap

11th june 2017 $47 000 000 000 ---> 11th july 2017 $38 000 000 000.  $9 000 000 000 lost in 1 month.

11th july 2016 BTC total market cap $10 000 000 000

Like you said.. about 470% gained in a year and about 18% lost in a month.  There is nothing new when we consider that bitcoin and other cryptos experience ups and downs in their prices (and accordingly their market caps), right?

And what about the volume ? Ups and downs yes. But a fall of $9 000 000 000 last year would have nearly wipe out BTC lol



Surely you are looking at this completely wrong. You can't comment on $, you need to work it out in % otherwise it's pretty crappy logic
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July 11, 2017, 07:45:50 PM

Surely you are looking at this completely wrong. You can't comment on $, you need to work it out in % otherwise it's pretty crappy logic

Agreed, marketcap numbers are skewed and not a complete picture.

The things to focus on are: estimated market float vs. "circulating supply", total supply cap, relative distribution, and %up or down. You also have to account for what is most subjectively "valued" relative to bitcoin (i.e., bitcoin is more valued than an alt, which is more valued than an ICO token).
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July 11, 2017, 07:55:12 PM

Surely you are looking at this completely wrong. You can't comment on $, you need to work it out in % otherwise it's pretty crappy logic

Agreed, marketcap numbers are skewed and not a complete picture.

The things to focus on are: estimated market float vs. "circulating supply", total supply cap, relative distribution, and %up or down. You also have to account for what is most subjectively "valued" relative to bitcoin (i.e., bitcoin is more valued than an alt, which is more valued than an ICO token).

Yeah I knew it was maybe a short cut way to see things. But hey! the OP is "Observer BTC/USD..." so I though why not.  Grin
Thanks anyway.
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July 11, 2017, 08:00:42 PM

Surely you are looking at this completely wrong. You can't comment on $, you need to work it out in % otherwise it's pretty crappy logic

Agreed, marketcap numbers are skewed and not a complete picture.

The things to focus on are: estimated market float vs. "circulating supply", total supply cap, relative distribution, and %up or down. You also have to account for what is most subjectively "valued" relative to bitcoin (i.e., bitcoin is more valued than an alt, which is more valued than an ICO token).

Yeah I knew it was maybe a short cut way to see things. But hey! the OP is "Observer BTC/USD..." so I though why not.  Grin
Thanks anyway.


It does not hurt to speculate in various ways and to consider different kinds of frameworks...  However, if you get too loosey goosey with your logic and your framework, then you are talking gibberish or placing way too much importance into factors that have little to no value.

Sometimes the framework that you chose to describe something, such as bitcoin, or you try to communicate how it has changed, there is some meaning to your assertion that the whole dollar value market cap change is equal to the whole market cap of a year ago, but then you need more than just that one fact to come to any kind of meaningful conclusion regarding whether you are asserting the asset to be overvalued or some other argument that you want to make about it.
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July 11, 2017, 08:15:19 PM
Last edit: July 11, 2017, 11:44:34 PM by Mr Frog

Surely you are looking at this completely wrong. You can't comment on $, you need to work it out in % otherwise it's pretty crappy logic

Agreed, marketcap numbers are skewed and not a complete picture.

The things to focus on are: estimated market float vs. "circulating supply", total supply cap, relative distribution, and %up or down. You also have to account for what is most subjectively "valued" relative to bitcoin (i.e., bitcoin is more valued than an alt, which is more valued than an ICO token).

Yeah I knew it was maybe a short cut way to see things. But hey! the OP is "Observer BTC/USD..." so I though why not.  Grin
Thanks anyway.


It does not hurt to speculate in various ways and to consider different kinds of frameworks...  However, if you get too loosey goosey with your logic and your framework, then you are talking gibberish or placing way too much importance into factors that have little to no value.

Sometimes the framework that you chose to describe something, such as bitcoin, or you try to communicate how it has changed, there is some meaning to your assertion that the whole dollar value market cap change is equal to the whole market cap of a year ago, but then you need more than just that one fact to come to any kind of meaningful conclusion regarding whether you are asserting the asset to be overvalued or some other argument that you want to make about it.


I do not overvalue Bitcoin, and did not wanted to make any argument in particular other than the numbers from the BTC Market Cap alone.
But I understand that it doesn't mean much looking at it alone.

Regardless, the figures when I saw them made me think that BTC took a huge step UP in 2017.
And that now such a huge drop doesn't affect the price that much. I mean, at the moment it is nothing in term of dollars for BTC. Specially if we add on top of that the war we are in.

Sorry not been English native speaking cost me more time to make dip analysis. The words doesn't comes naturally.
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July 11, 2017, 08:17:52 PM

It looks like the big altcoin crypto bubble is bursting on all frontiers currently:

  • Altcoins crashing in Bitcoin ratio
  • GPU mining rewards decreased by 75%
  • Poloniex Bitcoin lending market down to a wooping 0.03%/day when it was 0.7% at some point
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July 11, 2017, 08:32:26 PM

BTC total Market Cap

11th june 2017 $47 000 000 000 ---> 11th july 2017 $38 000 000 000.  $9 000 000 000 lost in 1 month.

11th july 2016 BTC total market cap $10 000 000 000

I can add those numbers to have more short data.

Total Market cap
was around $25 000 000 000 until mid April 2017 Then...

From $54 000 000 000 to $116 000 000 000 in 1 month  mid may to mid june 2017 +$62 000 000 000

From $116 000 000 000 to $78 000 000 000 in 1 month  mid june to mid july 2017 -$38 000 000 000

Bigs Ups And Downs.
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July 11, 2017, 09:01:06 PM

If the sort of dystopian, hyper-inflationary future that gold bugs predict actually happens, it seems likely to me that there will be jackbooted thugs kicking down their doors to take their gold. This has happened before, even in the US.

If they want to steal my bitcoins, they'd better be able to crack SHA-256.

Exactly. But I don't think it'll get that far. You know why? Because the Global elite's ultimate goal is to swamp Average Joe in so much debt and taxes, and increase the cost of living beyond his means, that he won't be able to purchase and horde metals or bitcoin. They won't have to kick any doors in because they know that no one will have any horded wealth to confiscate.

Because when hyperinflation sets in, all undervalued real/true assets will rise in value relative to fiat. And the global elite don't want anyone else to have those kind of assets. They want Average Joe to have debts and taxes, a lot of them, and so much so that it's virtually un-payable in one's lifetime. That's how they keep everyone on the endless work hamster wheel, indebted to them for one's entire life.

They also want Average Joe to lose all ability to take care of himself, lose the ability to rely on himself to produce food, energy, clothing, routine maintenance, maintain his health, etc. so that he is always and constantly reliant on the state and the rest of society to help him live. More debt slavery to the external.

Moral: Eliminate your debts, pay off your house and cars, and store your excess wealth in bitcoin, land, some metals, rare art and collectables. Save and buy everything you need with cash. Never use credit for anything unless you have no other way, and pay it off almost immediately. And have a plan to run to the hills or another country with the majority of your wealth intact, should things get really bad where you live.


For some reason I kept reading "Avenger Joe". Cheesy Cheesy
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July 11, 2017, 09:27:11 PM

The hero we need.

No need for theory on what happens when a country takes on too much debt to service its trade requirements, its happened and is happening now in various countries.  The thing different now with Dollar would be that its the reserve currency and so a break down there has an influence in many countries.  This is why other countries are also building up debt, Yen and Japan is most interesting right now with likely all value in FIAT going to be wiped out.  
They have allowed bitcoin as an alternative there.  I hope its of some use to the population in avoiding failure not that we should celebrate any volatility in bitcoin, because it has real consequences for some in various countries with this unstable modern paper standard.

The short story is the weakest link will be the first to break.  I dont see people who are in productive industry as that weakness.  So if paper money is the failure or government debts too great, this is the part of society that should be wiped out first.   Otherwise we are talking about force and oppression

Dollar index value has generally been weaker for this year despite Federal reserve raising rates.  The real threat would be if they reversed QE or if government closed the deficit but until then I see open inflation and dollar weakness.

For most of today Bitcoin has been finding support after meeting a negative trend we beat at start of this month.  Also in this general area a line of support could be drawn.  If both are negated, the price might match a proper negative sentiment but I dont see that now
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