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

[mindrust]

Bitcoin is dead. This time is for sure. Headed to 0$ 

[UnDerDoG81]

Well, same pattern as 2013 after gox. Could take some time to recover. Or it will never do because we have too many alts.

Sorry guys, I am depressed. It feels sad when you hold for years and such things happen. After every dip it's this feeling. But this time it feels a bit different.

[moneymaker11]

Well, same pattern as 2013 after gox. Could take some time to recover. Or it will never do because we have too many alts.

This is what I have been spamming my friends that haven't been in the game very long. I welcome another crypto winter, will buy again for the first time since 2013 if that happens.

[NiceSoft12]

If I was a real bear, I wouldn't have those buy orders and I'd just leave for a different market. The faith that btc will inevitably bounce after hitting those lows and the fact that I will hodl half of those coins indefinitely makes me part bull - Just not an irrationally exuberant one. You guys need me when the shit hits the fan.

I'm the luckiest bear in the world. I seem to get pretty lucky because I'm not close to an expert in any field relating to bitcoin or analysis.

Confirmed lucky:

2 positions:

.15 btc @ 18x leverage: 2.7 btc short @ 13840

1000 ripple purchase @ 1.16

[ragnar0k]

Guys, in December alone we are up 30%. Chill out!
It also looks like a blow off top on a monthly chart but we had worse (i.e. July).

Also, please open tradingview. Every bloody December/Jan we had a red candle! [correction]

[flynn]

not much of a problem yet.

[European Central Bank]

I reckon 100 billion dollar ripple is the epitaph for this particular bubble.

I know market cap is dumb but let that sink in anyway.

[Wekkel]

It will only become interesting if we decidedly go below $10k. For now, it seems to be recharging above $10k for that final insane run in 2018.

[ParabellumLite]

And the Ripple thingy - I like Torque's hunch. BTW Torque, it was in someone else's dream before you spelled it out plainly. Can't remember who the other poster was. Anyway, Ripple is a premined uncapped banking scam. We all know what it's ultimately worth. Wanna profit on it? Be quick and get out. Hold at your own risk.

Torque is clueless: it is useless to cite that guy, as he has unwavering faith in Bitcoin. Always has, always will be. Whatever he says is always based on the assumption that BTC will succeed, and that's what he will always reason towards.

You know, much of the disinformation you are spreading here was already being spread as far back as 2014. The 'arguments' here, poor as they are, have never really changed. It is really noticeable for someone that has been in the XRP community for years, and most of the arguments here with regards to Ripple are false, and mostly, 'hearsay' from years back already. Very few people here have actually looked into Ripple and XRP, studied its use case or done any more than a superficial analysis of its workings. Of course, there are always the ideological types here that would discard any truth or inconvenient fact they get confronted with (the same people that could make themselves believe green is purple), but most people here aren't like that. They are just badly informed, you included.

'Uncapped' is your first mistake. Ripple is capped at its current supply 'Banking scam' got strong conspiracy ish connations to that, but feel free to believe that is the case.

You know what the fun part is? People like me can watch you guys bask in ignorance for months and years to come, and still regurgitate the same false arguments all the way down. This place is and has always been a perfect example for what cultism and group think might lead to, and in that sense, I look forward to the weeks and months to come.

[luc.sev]

Well, same pattern as 2013 after gox. Could take some time to recover. Or it will never do because we have too many alts.

Sorry guys, I am depressed. It feels sad when you hold for years and such things happen. After every dip it's this feeling. But this time it feels a bit different.

Yep, that's the "Fear" stage

https://i.imgur.com/cdgeIBX.png

[lightfoot]

Morning everyone! Made some good progress with S7 problems this week, let's check in and see how ole bitcoin is doing!!!

12.7. Hm....

So is this people selling to catch year end tax bennies, or the end of the world? If the former then no big one. If the latter that's a problem. I'm HODLing through 2018, will be interesting to see what it does Jan 1.

[UnDerDoG81]

Well, same pattern as 2013 after gox. Could take some time to recover. Or it will never do because we have too many alts.

Sorry guys, I am depressed. It feels sad when you hold for years and such things happen. After every dip it's this feeling. But this time it feels a bit different.

Yep, that's the "Fear" stage

So it will get worse soon 

[European Central Bank]

Y'all should be waiting for 2020. That's when destiny is fulfilled. Until then I'm prepared for all kinds of oddness to happen.

[the artful bodger]

Looks like we're hitting the fear phase earlier than expected. I sure hope we don't reach capitulation on new years eve cause I'm planning on enjoying myself.

Nothing much happened last New Years eve. Everyone was probably too drunk to trade, and it takes some time to sober up afterwards. You are probably safe getting drunk because it's one holiday that both East and West celebrate. Everyone will be too drunk to care.

[nioc]

'Uncapped' is your first mistake. Ripple is capped at its current supply 'Banking scam' got strong conspiracy ish connations to that, but feel free to believe that is the case.

You know what the fun part is? People like me can watch you guys bask in ignorance for months and years to come, and still regurgitate the same false arguments all the way down. This place is and has always been a perfect example for what cultism and group think might lead to, and in that sense, I look forward to the weeks and months to come.

I could swear I have seen the supply increase by billions this year.

Anyway it's good to see that ripple is p2p, decentralized and censorship resistant

Thanks

[ThePunisher49X]

Bitcoin dumping after finally realizing it is not what everybody thought it was.


TX fees are way too much for a half assed project in the first place.

Bring on RiPpLE!

[nioc]

13K held pretty well on gdax. Bearfinex last (and costly for the bears) attempt to panic the hodlers.  

You make it sound like we are done for the day (or the hour) 

yep not done <13k now

I don't know how low it's goin I'll just when we have bottomed

[ParabellumLite]

'Uncapped' is your first mistake. Ripple is capped at its current supply 'Banking scam' got strong conspiracy ish connations to that, but feel free to believe that is the case.

You know what the fun part is? People like me can watch you guys bask in ignorance for months and years to come, and still regurgitate the same false arguments all the way down. This place is and has always been a perfect example for what cultism and group think might lead to, and in that sense, I look forward to the weeks and months to come.

I could swear I have seen the supply increase by billions this year.

Anyway it's good to see that ripple is p2p, decentralized and censorship resistant

Thanks

The supply stands at 100 billion: more cannot be made. But the circulating supply increases, due to Ripple Inc holding on to about 60 billion XRP at this point (which are placed in escrow by the way, and only gets released in small batches). Ripple uses this 'war chest' of XRP to attract new partners, all of which that buy it are restricted it dumping it on the market as well. I do remark on that, as there is some kind of 'idea' - a poor one that is - within this community that Ripple can just nuke the market at once. Anyone that even followed the company longer than a day knows that would run counter to everything it stands for, but since most people here haven't even read more than a tweet about Ripple I will suffice by saying that much.

Ripple is actually quite decentralized nowadays. You can inform yourself here: https://ripple.com/dev-blog/decentralization-strategy-update/  And now to totally piss you off: what do you think about this:
https://i.imgur.com/UMosX0E.png ?

Is this 'not' centralized?

The big irony of some of you oldtime Bitcoiners is that you just cannot see what is unfolding in front of your very eyes, that being that BTC is actually at this point more centralized than Ripple. Good luck defending the opposite point of view.

[hisslyness]

'Uncapped' is your first mistake. Ripple is capped at its current supply 'Banking scam' got strong conspiracy ish connations to that, but feel free to believe that is the case.

You know what the fun part is? People like me can watch you guys bask in ignorance for months and years to come, and still regurgitate the same false arguments all the way down. This place is and has always been a perfect example for what cultism and group think might lead to, and in that sense, I look forward to the weeks and months to come.

I could swear I have seen the supply increase by billions this year.

Anyway it's good to see that ripple is p2p, decentralized and censorship resistant

Thanks

The supply stands at 100 billion: more cannot be made. But the circulating supply increases, due to Ripple Inc holding on to about 60 billion XRP at this point (which are placed in escrow by the way, and only gets released in small batches). Ripple uses this 'war chest' of XRP to attract new partners, all of which that buy it are restricted it dumping it on the market as well. I do remark on that, as there is some kind of 'idea' - a poor one that is - within this community that Ripple can just nuke the market at once. Anyone that even followed the company longer than a day knows that would run counter to everything it stands for, but since most people here haven't even read more than a tweet about Ripple I will suffice by saying that much.

Ripple is actually quite decentralized nowadays. You can inform yourself here: https://ripple.com/dev-blog/decentralization-strategy-update/  And now to totally piss you off: what do you think about this:
https://i.imgur.com/UMosX0E.png ?

Is this 'not' centralized?

The big irony of some of you oldtime Bitcoiners is that you just cannot see what is unfolding in front of your very eyes, that being that BTC is actually at this point more centralized than XRP. Good luck defending the opposite point of view.

Thats an old image? Slush Pool is not 2.5% of the network....

[hisslyness]

Also will be buying my new Canaan Avalon Miner 8 with XRP early next year... Wait, will they take XRP as payment?