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

[HairyMaclairy]

http://www.alfredandco.com/products/alfred-co-ripple-pump/

[Last of the V8s]

I don't even want to admit how many people I recognize in that teaser.  Though if Episode 6 truly occurs, that would be an epic end to this saga.

who's the one with the nobbly bits on his face on the left?
and the 2 in white near the middle?

[ghandi]

Cardano, Lumens and Ripple nag away Bitcoins dominance. Makes me a little sad. But maybe the time has come for some new leaders... 

[HairyMaclairy]

It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.  

Notice how everyone has forgotten about Bcash?

[olseh]

Notice how everyone has forgotten about Bcash?

Good, I'd rather give coins that are actually trying to be different a chance

[somac.]

Cardano, Lumens and Ripple nag away Bitcoins dominance. Makes me a little sad. But maybe the time has come for some new leaders...  

Yes, I am not happy about it. Blows my mind that its even close to possible. It wasn't easy for botcoin to get such a large marketcap then you have something like cardano, a coin that isn't even used get there in a matter of weeks

[gentlemand]

Cardano, Lumens and Ripple nag away Bitcoins dominance. Makes me a little sad. But maybe the time has come for some new leaders...  

Yes, I am not happy about it. Blows my mind that its even close to possible. It wasn't easy for botcoin to get such a large marketcap then you have something like cardano, a coin that isn't even used get there in a matter of weeks

It's far easier now. Bitcoin did the heavy hauling and created everything we see.

Now the hunger and the funds are here to slot any old plop into the market and it can be pumped wherever they want it to go.

[AlcoHoDL]

It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.  

Notice how everyone has forgotten about Bcash?

A few months ago I helped a friend setup a Kraken account to buy some BTC. This guy is completely tech-/crypto-illiterate. To him, Bitcoin, Ripple, Stellar, DOGE, are all equivalent.

A few weeks later he told me that BTC was too expensive for him to buy (a common newbie reaction). I explained to him that 1 BTC = 1000 mBTC, etc., so even 0.1 BTC is still a good investment. He ignored my advice. Using common sense, he concluded that the only chance he has to quickly multiply his investment would be to buy cheaper altcoins, because, according to his thinking, if they're cheap they have the potential to grow much faster and much more than BTC.

He bought a few altcoins. No BTC. His two biggest purchases were 10000 Ripple and 10000 Stellar Lumens. He paid about 2000 € for both purchases.

Today, his crypto stash is valued in excess of 30000 € (a 15x gain), with the majority of the gains coming from XRP and XLM. All this in just 4 months! Had he followed my advice, he would have less than 1/4 of what he has now...

I told him that he should consider buying some BTC, but he's blinded by his unexpected gains and is now determined to ride the Ripple/Stellar wave until the end. I just hope he won't be disappointed when the trend reverses and the bank-coins start losing value (or BTC does a 10x again this year)...

[TERA2]

I think you're friend was actually right that btc was too expensive though . how ironic

[somac.]

It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.  

Notice how everyone has forgotten about Bcash?

A few months ago I helped a friend setup a Kraken account to buy some BTC. This guy is completely tech-/crypto-illiterate. To him, Bitcoin, Ripple, Stellar, DOGE, are all equivalent.

A few weeks later he told me that BTC was too expensive for him to buy (a common newbie reaction). I explained to him that 1 BTC = 1000 mBTC, etc., so even 0.1 BTC is still a good investment. He ignored my advice. Using common sense, he concluded that the only chance he has to quickly multiply his investment would be to buy cheaper altcoins, because, according to his thinking, if they're cheap they have the potential to grow much faster and much more than BTC.

He bought a few altcoins. No BTC. His two biggest purchases were 10000 Ripple and 10000 Stellar Lumens. He paid about 2000 € for both purchases.

Today, his crypto stash is valued in excess of 30000 € (a 15x gain), with the majority of the gains coming from XRP and XLM. All this in just 4 months! Had he followed my advice, he would have less than 1/4 of what he has now...

I told him that he should consider buying some BTC, but he's blinded by his unexpected gains and is now determined to ride the Ripple/Stellar wave until the end. I just hope he won't be disappointed when the trend reverses and the bank-coins start losing value (or BTC does a 10x again this year)...

Yeah, I don't know. I mean they should correct at some point, but, I can't help but think sometimes that maybe we're blinded by old philosophies. I came to bitcoin because I hated corruption of banks and government, and knew how the monetary system was cheating the people and rewarding the rich. It doesn't seem like crypto is about that now, the newbies don't know shit, and don't care about a fairer world, it's pure greed. I just hope this doesn't push bitcoin down the ladder.

[gentlemand]

I just hope this doesn't push bitcoin down the ladder.

Of course it will.

[RealMachasm]

It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.  

Notice how everyone has forgotten about Bcash?

A few months ago I helped a friend setup a Kraken account to buy some BTC. This guy is completely tech-/crypto-illiterate. To him, Bitcoin, Ripple, Stellar, DOGE, are all equivalent.

A few weeks later he told me that BTC was too expensive for him to buy (a common newbie reaction). I explained to him that 1 BTC = 1000 mBTC, etc., so even 0.1 BTC is still a good investment. He ignored my advice. Using common sense, he concluded that the only chance he has to quickly multiply his investment would be to buy cheaper altcoins, because, according to his thinking, if they're cheap they have the potential to grow much faster and much more than BTC.

He bought a few altcoins. No BTC. His two biggest purchases were 10000 Ripple and 10000 Stellar Lumens. He paid about 2000 € for both purchases.

Today, his crypto stash is valued in excess of 30000 € (a 15x gain), with the majority of the gains coming from XRP and XLM. All this in just 4 months! Had he followed my advice, he would have less than 1/4 of what he has now...

I told him that he should consider buying some BTC, but he's blinded by his unexpected gains and is now determined to ride the Ripple/Stellar wave until the end. I just hope he won't be disappointed when the trend reverses and the bank-coins start losing value (or BTC does a 10x again this year)...

Yeah, I don't know. I mean they should correct at some point, but, I can't help but think sometimes that maybe we're blinded by old philosophies. I came to bitcoin because I hated corruption of banks and government, and knew how the monetary system was cheating the people and rewarding the rich. It doesn't seem like crypto is about that now, the newbies don't know shit, and don't care about a fairer world, it's pure greed. I just hope this doesn't push bitcoin down the ladder.

I hear you on that. It would seem that in the end money corrupts all things.

[bitserve]

Good thing I didn't sell my shitcoins.

Another good thing is that maybe now Wu and Ver are realizing what they did?

AFAIK, there's NO mining on most of those shitcoins.

[somac.]

I just hope this doesn't push bitcoin down the ladder.

Of course it will.

So in your opinion where do you think bitcoin will endin say the next 3 years? less then top 10? is bitcoin just going to become a fringe coin while the big coins will be the centralized government/bank approved coins?

[somac.]

Good thing I didn't sell my shitcoins.

Another good thing is that maybe now Wu and Ver are realizing what they did?

AFAIK, there's NO mining on most of those shitcoins.

Yeah they fucked it, no doubt about it.

they won't realize shit, sociopaths never admit they fucked up.

[somac.]

I hear you on that. It would seem that in the end money corrupts all things.

And for a while there I thought the crypto market wouldn't be corrupted. Bitcoin losing it's number one spot will be a disaster for those that truly want to remove power from the banks/governments.

[gentlemand]

So in your opinion where do you think bitcoin will endin say the next 3 years? less then top 10? is bitcoin just going to become a fringe coin while the big coins will be the centralized government/bank approved coins?

It'll become increasingly differentiated and people will realise more than ever that what it's aiming for is truly valuable. It'll never leave the top tier.

At the same time there are plenty of projects that don't really care about proper decentralisation or particularly need it or have the need to be valuable. There's no shortage of people willing to throw money at that too.

It's time people started to get less uptight about market shares. Bitcoin spawned this market. Many of the subsequent projects might have been inspired by it but don't have anything like the same aims or purposes.

I think it's conceivable that in five years there won't be anything other than BTC, LTC and XMR left standing out of the current top coins. The rest are largely platforms with no real ethos and they can be easily superseded by new ones that do it better, cheaper, simpler and more securely.

There's a huge amount of value in Bitcoin's purpose. There's a huge amount of value in something like ETH's purpose, but I'm not convinced ETH will be the one to fulfil that initial promise.

The only thing Bitcoin is in competition with something like Ripple for is the funds pumpers have on exchanges. If that's anyone's number one concern then that's showing them up as a silly sausage.

There'll be lots of noise, but the cream will always bob to the top.

[ragnar0k]

Maybe I am wrong... but I suspect the ripple boom is partly due to people hedging against a possible bull trap on bitcoin. If I am right, once we pass the critical zone we are in for a serious ride...

[Lopumbo]

as long as the network congestion/high-fees aren't resolved, bitcoin will not move anywhere - currently ripple does up to 1500tx/s with low-fees
btc and eth are currently mostly gateway coins
premined does not mean "not decentralized", IOTA and Cardano have interesting concepts
let alone the fact that botcoin and his brother buttcoin are also centralized through China-SHA256 and extremly resource hungry
who do you think will own the master-nodes for LN?  

the problem is the distribution of the coins for the premined projects, i guess the creators have the most, but that is also a problem with btc and early adopters

currently btc can't cope with much more new users - a price of 50k$ is not justified
will you pay 100$ transaction fee? - i wanted to buy some cardano and converted my btc to eth before transaction

inb4 ripple shiller: i sold my stash at 20ct  

[Dabs]

Mine was like this:

Epsiode 1: The Phantom Bitcoin
Epsiode 2: The Attack of the Alts
Epsiode 3: Revenge of the Miner
Epsiode 4: A New Bitcoin Futures
Epsiode 5: The Spammers Strike Back
Epsiode 6: The Return of Satoshi
Epsiode 7: The Bitcoin Awakens
Fork One: A Bitcoin Story
Epsiode 8: The Last Bitcoin

And the one everyone wants to forget: The Bitcoin Holiday Special