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

[TERA2]

[windjc]

Pretty much.

[HairyMaclairy]

So it looks like crypto is dead then, the market seems to be deciding that a non crypto, centralised , distributed ledger is preferable to crypto currency or even smart contracts.

What I want to know is where are all the bankers declaring that ripple is a bubble and will crash and burn?

Good point

Bankers don’t know what Ripple is. None of them use it.

so the Bankster coin talk is simply FUD from BTC shills?

Ripple has been doing pilots since 2014.  It has failed every single one.  Ripple is not used in production by a single bank. 

[windjc]

So it looks like crypto is dead then, the market seems to be deciding that a non crypto, centralised , distributed ledger is preferable to crypto currency or even smart contracts.

What I want to know is where are all the bankers declaring that ripple is a bubble and will crash and burn?

Good point

Bankers don’t know what Ripple is. None of them use it.

so the Bankster coin talk is simply FUD from BTC shills?

Yes. The banks have experimented with Ripple, but absolutely ZERO of them are interested at this particular moment in using it. There was a great article about just this fact a few days ago.

[HairyMaclairy]

Ripple is currently being failed out of the Santander pilot. 

[NJB18]

So it looks like crypto is dead then, the market seems to be deciding that a non crypto, centralised , distributed ledger is preferable to crypto currency or even smart contracts.

What I want to know is where are all the bankers declaring that ripple is a bubble and will crash and burn?

Good point

Bankers don’t know what Ripple is. None of them use it.

so the Bankster coin talk is simply FUD from BTC shills?

Yes. The banks have experimented with Ripple, but absolutely ZERO of them are interested at this particular moment in using it. There was a great article about just this fact a few days ago.

The banks are interested with Ripple technology and they will just copy it or maybe use it but I doubt they are willing to use XRP tokens.

[TERA2]

Anyone miss when it was bcash and not ripple?

[doc12]

Remember ripple is not a bubble, you can transfer valuable fiat for cheap and environment friendly unlinke this shady bad bitcoin ponzi *sarkasm off*

[ivomm]

Clearly XRP dump from May is going to happen again, so soon it will lose 90% of its value. Noobs will panic and go to BTC again. The greed of the noobs waiting for another 10 fold raise will play them a bad joke.  These pump and dumps are always executed by the owners of the coins and will bring a loss to everyone that didn't cash out in time.

[ivomm]

Remember ripple is not a bubble, you can transfer valuable fiat for cheap and environment friendly unlinke this shady bad bitcoin ponzi *sarkasm off*

Actually ripple is a scam. It is not decentralized. You always need servers to be online to transfer money. Even if one server is down your coins are lost. Good luck with contacting ripple company to find your coins then. All rumors of banks 'adopting' ripple are fake. Imagine a bank losing billions because of offline servers???

[HairyMaclairy]

Anyone miss when it was bcash and not ripple?

Not really. 

[doc12]

Remember ripple is not a bubble, you can transfer valuable fiat for cheap and environment friendly unlinke this shady bad bitcoin ponzi *sarkasm off*

Actually ripple is a scam. It is not decentralized. You always need servers to be online to transfer money. Even if one server is down your coins are lost. Good luck with contacting ripple company to find your coins then. All rumors of banks 'adopting' ripple are fake. Imagine a bank losing billions because of offline servers???

Marked it as *sarcasm* and some people still dont get it wtf. But yeah you are right of course.

[somac.]

Clearly XRP dump from May is going to happen again, so soon it will lose 90% of its value. Noobs will panic and go to BTC again. The greed of the noobs waiting for andother 10 fold raise will play them a bad joke.  These pump and dumps are always executed by the owners of the coins and will bring a loss to everyone that didn't cash out in time.

Please let it be so

[flynn]

Thanx fluidjx. At least someone shows up with some useful information in this forum

My information was bad. I should feel bad. I do.

I hope you didn't take my remark personnaly. I was stuck at the same point than you, and too lazy to scan all the existing exchanges to find the one that works.

We should somehow gather the good information somewhere to save time doing that shit, it takes forever to handle these damn alts properly.

[Toxic2040]

Exactly.

[fluidjax]

Thanx fluidjx. At least someone shows up with some useful information in this forum

My information was bad. I should feel bad. I do.

I hope you didn't take my remark personnaly. I was stucked at the same point than you, and too lazy to scan all the existing exchanges to find the one that works.

We should somehow gather the good information somewhere to save time doing that shit, it takes forever to handle these damn alts properly.

The way I'm assessing the legitamicy of these forks is if they have a Github repo (with commits after the fork).
No exchange can accept deposits without this, and once I have this running, the blockchain downloaded, and my keys imported, I can wait for an exchange to allow deposits, and pounce quickly.

In anticipation, I have nodes running for
United Bitcoin
Bitcoin Hot (which doesn't find peers)
Bitcoin2x (which stops syncing at 28/12/17)

To ensure safety you need to move Bitcoin lots of times, and as I haven't bothered to look at the code, there is a risk that one fork can steal coins from another fork, especially if the forking block is similar.

[Biro Bob]

I have decided that Ripple random shitcoin is an attack on Bitcoin the same as Bcash other random shitcoin.  They are trying to scare holders into selling by wash trading a Flippening.  Don’t fall for it.

FTFY. They've been trying this lame 'flippening scare' tactic for over a year now, because they are all fresh out of other shitactics.

Pumping random garbage will never work. The Bitcoin community has matured and can see through the bullshit.

Wallstreet desperately needs more bitcoin supply to play their con games with the public, and there just isn't much available. So they are desperate to get existing holders to part with their bitcoin. They want them to make rookie trading mistakes, divest into a myriad of shitcoins, or just get frustrated and sell... whatever they can do to shake people out. It doesn't appear to be working.

This is also my belief. There is a very low quantity of circulating Bitcoin. If you can create FOMO and generate an order book full of buyers wanting your crapcoin, you then wait for the right moment then dump en-masse generating a large quantity of Bitcoin for yourself and a large number of ‘successful’ traders. I notice that the more reputable alts are not pumping as hard as the blatant scams.

[jojo69]

come on bears

let's see it

[404Revolution]

This is also my belief. There is a very low quantity of circulating Bitcoin. If you can create FOMO and generate an order book full of buyers wanting your crapcoin, you then wait for the right moment then dump en-masse generating a large quantity of Bitcoin for yourself and a large number of ‘successful’ traders. I notice that the more reputable alts are not pumping as hard as the blatant scams.

You hit at the same general idea of a post I was thinking of writing earlier.

For rich people heading their own digital token they typically have a premine to start. An unfair edge. Then they can further buy tokens off the market and accumulate from users. With these huge bags they can begin raising the price buying less % of max than already aquired, all the while their held coins multiply in supposed value... But this value is merely an illusion because the market is cornered. Now that the price action has enticed investors/speculators the mastermind must begin offloading his bags slowly as to not crash the price.

If the price ever falls below a predetermined threshold he can just cut and run, knowing full well that he is safe by virtue of holding so many coins from such low price. This is the crux of how coins are pulling these valuations.

Don't forget Evan Duffield's sins or the Fact that the founder of Ripple sold Mt. gox before notifying the buyer via email that 80,000 btc were "lost".

[HairyMaclairy]

The only coins in the top 15 that are “honest” imho are BTC, Ether and Monero. And Ether can be a bit dubious.  The rest is shit.   Happy to hear contrary opinions.