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

[JayJuanGee]

[ edited out]

Maybe it is hope, hope, hope, and maybe you will get lucky?    But I think even the public at large understands that bcash is not going to become the new bitcoin, and that could be part of the reason that some money is flowing into litecoin because no one (except for a few nutjob zealots or some confused folks) wants to put any of their money into sabotage coin, right?

Now you are pumping Litecoin? In a Bitcoin WO thread? Tell me it ain't so!

I am not going to respond to the rest of your nonsense, but I did read what you had to say.   

Regarding your point about my "pumping litecoin," it is not so.   I have neither increased nor decreased my litecoin holdings during this latest pump, and my holdings of litecoin are relatively small, less than .5% of my total crypto holdings.  I just mentioned litecoin and some seemingly temporary dynamics where the cash seems to be flowing, but maybe my point is not really that relevant as you suggest because just prior to litecoin, we also had Dash puming and then IOTA pumping.  Ultimately, I could give a ratt's ass about litecoin, even though they were and have been a bitcoin imitation coin, and I mentioned litecoin since they seem to be more genuinely attempting to complement bitcoin rather than serving as a sabotage attempt on bitcoin in the same way that bcash served (and is serving) as such a disgruntled sabotage and diversion vehicle.

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[neilol-real]

It's looking like this bubble might pop soon.

Took a minute for the picture to load, I was like, has Elwar lost his mind?!

[JayJuanGee]

I, too, almost never sold any coins, and in the few cases that I did, I have regretted it, seeing the price skyrocket since then. Our coins are precious little mathematical gems that should be treasured, and only used when necessary, or when the time comes to enjoy them.

There is nothing wrong with spending your bitcoin unless you are either consider it as cashing out a small amount or you replace whatever you spend in a fairly timely manner.  I tend to replace mine soon after spending them.... or at least I continue to monitor the ratios in my bitcoin/fiat allocations, and keep it at a rate that I feel somewhat comfortable, currently hovering around 90% bitcoin / 10% fiat.

One other point regarding spending, which seems to already be implied in what I said, yet is worth repeating.  Again, there is nothing wrong with spending some bitcoin and cashing out small amounts here and there because certainly we cannot take it with us and likely it is better to spend during our lives than to leave it to undeserving other peeps... but if we are going to spend whatever asset or currency that we have, then we should be spending our least likely to appreciate asset first, which would likely be cash/fiat first... so most of us living in this current world, have to spend fiat and keep a certain quantity available for our monthly expenses, such as rent, food, transportation, entertainment and even emergencies (big and small).

[afbitcoins]

[ edited out]

Maybe it is hope, hope, hope, and maybe you will get lucky?    But I think even the public at large understands that bcash is not going to become the new bitcoin, and that could be part of the reason that some money is flowing into litecoin because no one (except for a few nutjob zealots or some confused folks) wants to put any of their money into sabotage coin, right?

Now you are pumping Litecoin? In a Bitcoin WO thread? Tell me it ain't so!

I am not going to respond to the rest of your nonsense, but I did read what you had to say.    

Regarding your point about my "pumping litecoin," it is not so.   I have neither increased nor decreased my litecoin holdings during this latest pump, and my holdings of litecoin are relatively small, less than .5% of my total crypto holdings.  I just mentioned litecoin and some seemingly temporary dynamics where the cash seems to be flowing, but maybe my point is not really that relevant as you suggest because just prior to litecoin, we also had Dash puming and then IOTA pumping.  Ultimately, I could give a ratt's ass about litecoin, even though they were and have been a bitcoin imitation coin, and I mentioned litecoin since they seem to be more genuinely attempting to complement bitcoin rather than serving as a sabotage attempt on bitcoin in the same way that bcash served (and is serving) as such a disgruntled sabotage and diversion vehicle.

Dash was puming?

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

The objection to BCash comes from the fact BCash is also another thing (I think) and cos it hurts the bitcoin cash investors feewlings
https://medium.com/@freetrade68/announcing-bcash-8b938329eaeb

Whereas the objection for the term Bitcoin Segwit is only because your poor feewlings got hurt

 

It could be called Bitcoin Buffalo Bollocks for all I care.
Bottom line is it's making me rich.....

Sounds like an idea for a fork. Lets do it.

[JayJuanGee]

[ edited out]

Maybe it is hope, hope, hope, and maybe you will get lucky?    But I think even the public at large understands that bcash is not going to become the new bitcoin, and that could be part of the reason that some money is flowing into litecoin because no one (except for a few nutjob zealots or some confused folks) wants to put any of their money into sabotage coin, right?

Now you are pumping Litecoin? In a Bitcoin WO thread? Tell me it ain't so!

I am not going to respond to the rest of your nonsense, but I did read what you had to say.    

Regarding your point about my "pumping litecoin," it is not so.   I have neither increased nor decreased my litecoin holdings during this latest pump, and my holdings of litecoin are relatively small, less than .5% of my total crypto holdings.  I just mentioned litecoin and some seemingly temporary dynamics where the cash seems to be flowing, but maybe my point is not really that relevant as you suggest because just prior to litecoin, we also had Dash puming and then IOTA pumping.  Ultimately, I could give a ratt's ass about litecoin, even though they were and have been a bitcoin imitation coin, and I mentioned litecoin since they seem to be more genuinely attempting to complement bitcoin rather than serving as a sabotage attempt on bitcoin in the same way that bcash served (and is serving) as such a disgruntled sabotage and diversion vehicle.

Dash was puming?
 

Yes.. .of course... which part of my statement are you quibbling with, or are you merely citing me in order to troll?

[Torque]

They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up?

Hm. Interesting theory. However shouldn't people be trading this now worth a lot more LTC for BTC?

What do you think the litecoin whale pumpers are doing? 

[lightfoot]

They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up?

Hm. Interesting theory. However shouldn't people be trading this now worth a lot more LTC for BTC?

What do you think the litecoin whale pumpers are doing? 

Perhaps. However I'd expect more movement from Bitcoin. Then again bitcoin big, litecoin small.

Hm.

Myself, I'm trying to debate whether the next big stock pump will be in the Hefty Trash Bag company or the Glad bag company.....

[JayJuanGee]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

I am not sure if I would call what jbreher is doing as double standards and hypocrisy - instead it as an attempt to create a false impression that bcash is somehow in the competitive mix with bitcoin.  Its a way to attempt to make bcash and bitcoin as kind of equivalents and competitors - a kind of marketing that most of the WO thread participants see through, however, can be a bit confusing and even effective with bitcoin newbies and with r/btc aficcionados.

[lightfoot]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

[Torque]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

I am not sure if I would call what jbreher is doing as double standards and hypocrisy - instead it as an attempt to create a false impression that bcash is somehow in the competitive mix with bitcoin.  Its a way to attempt to make bcash and bitcoin as kind of equivalents and competitors - a kind of marketing that most of the WO thread participants see through, however, can be a bit confusing and even effective with bitcoin newbies and with r/btc aficcionados.

Exactly.

Bcash (and all other shitcoins) are to Bitcoin (sharing the class "cryptocurrencies" in name only)

-as-

Penny stocks are to Apple (sharing the class "equities" in name only)

Like does not equal like. Newbies just don't understand that. All they track is price, which can be easily gamed with the shitcoins and ICO tokens. VERY easily.

[JayJuanGee]

Wtf litecoin

Meanwhile Litecoin went up 200% in 4 days (as measured in USD). What gives?

When you realize what Bitcoin futures traders desperately need right now, it makes perfect sense

what do they need then?

They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up?

Hahahahaha...

Great point, this time, Torque.  Sometimes your little conspiratorial thinking does hit the nail on the head...   

[bitserve]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

That's not what coinmarketcap shows.... but it is getting closer though.

Even more bizarre is that Tether is now at $1.06... So they are paying a 6% premium for a crypto coin pegged to USD 1:1 which redemption isn't even garanteed/enforcable. Hilarious.

[bikerleszno]

Will BTC touch $20k in christmas? How u think?

[Paashaas]

1. Bitcoin

2. Litecoin (only because of Atomic-Swaps)

3. .....

4. .....

5. .....

Rest is a huge pile of dogshit.

[BitcoinNewsMagazine]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

People are tired of $20 transaction fees and vendors of stuck bitcoin transactions. Average litecoin fee is under 50 cents. If I were selling on the marketplace I would be accepting litecoin only right now until LN is working well.

[Rosewater Foundation]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

People are tired of $20 transaction fees and vendors of stuck bitcoin transactions. Average litecoin fee is under 50 cents. If I were selling on the marketplace I would be accepting litecoin only right now until LN is working well.

Genius

[fabiorem]

Isnt litecoin "digital silver", whereas bitcoin is the "digital gold"?

So, it MUST have 1/12 value of bitcoin, because this was the historical value of silver in relation to gold. Silver was used in daily transactions, gold was for store of value.

If bitcoin is 17k now, then litecoin should be around 1.5k. Long way to go.

[hazukison]

Why do we seemingly have this wall at 17,000 / 17,200??

[vapourminer]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

yeah i pulled up my coinbase dashboard this morning and had one of those "wtf??" moments.

i wonder if part of it is all those new coinbase accounts buying ltc "because its cheaper" things? or perhaps now that btc has futures and big wall street money is now in so the old btc price manipulators cant compete with the wall street deep pockets.. so now ltc is  the coin to manipulate for "regular" crypto folks?

[itod]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

That's not what coinmarketcap shows.... but it is getting closer though.

Even more bizarre is that Tether is now at $1.06... So they are paying a 6% premium for a crypto coin pegged to USD 1:1 which redemption isn't even garanteed/enforcable. Hilarious.

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

People are tired of $20 transaction fees and vendors of stuck bitcoin transactions. Average litecoin fee is under 50 cents. If I were selling on the marketplace I would be accepting litecoin only right now until LN is working well.

It's obvious what is happening, but us HODLers are historically reluctant to accept the facts we don't like. Last week I've sent 0.1 BTC to a friend, had to send 0.101 (0.001 fee) to have a chance that transaction will go through in reasonable time. 0.001 BTC = $15, and that was last week, this week situation with mempool is even worse, doubt that transaction will be confirmed without 0.002 fee. If anyone is going to send crypto between exchanges a lot in next period, he may need a coin with fast and low fee transactions and with decent volume so quick market buys/sells won't disturb the price, or they may kiss arbitraging opportunities goodbye. LTC fits the description, and this is also a reason someone is going to pay 6% premium on damned Tether. Moving BTC between exchanges for arbitraging has become mission impossible, and everyone agreed here that arbitraging will be the major force which will spill the futures price into BTC price, so people who are preparing for futures volatility action are probably doing it seriously with decent amounts of LTC and Tether on each exchange.

There is no cure for this situation except Lightning network, and I only hope that developers are aware of this and will deliver working version as soon as possible.