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

[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. 

[Icygreen]

All of my friends who recently started "investing" in crypto are 50-80% in BTC and are playing the alt market for either more $ or more BTC.
I wouldn't worry about it too much. The recent influx of future hodlers  will have to pass the usual "initiation rights" and whales are most likely orchestrating the whole bit. It feels much like when ETH threatened to take over BTC and the surge of new users to the market at the time. Values will come later and anyone putting significant value in hopefully has done some research.  Just another wave in the market. The race to cryptocurrency is an interesting one at least.

[jojo69]

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.  

I still like ZEC, valid concerns have been raised about the security model, but I do think those kids are "honest".

Monero is clearly the best of the bunch.

[HairyMaclairy]

I have looked at ZEC before.  The main thing that held me back is that it is still very early in its mining cycle - only something like 15% mined. Monero is comparatively much more mature.  And of course the questions around it’s ability to be unlocked.  But you make good points.

Tron making top 10 off the back of a McAfee tweet is particularly sad.

[jojo69]

200BTC wall at 14,500 pulled at GDAX, down we go

[svdleer]

200BTC wall at 14, 500 pulled at GDAX, down we go

Almost no volume on BTC at GDAX, it's about 50% of normal

BCH is down 12%
Ripple up by 36% ....

[luckygenough56]

looks liike xrp can really overtake btc marketcap this time

[centralbanksequalsbombs]

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. 

Is basically every "Equihash" altcoin reliant on the trusted setup (destruction of master key ceremony)? Not just Zcash, zclassic, but Bitcoin Gold as well?

Can anyone comment? All equihash coins = trust in trusted setup. (if so, what a crappy "gpu"-mineable algo that bitcoin-gold team chose - dubious)

[svdleer]

looks liike xrp can really overtake btc marketcap this time

I think a crash is to be expected soon there.

[jojo69]

I expect robust support at 13000, got my buy orders in, I'm turning in

night guys

[mike4001]

looks liike xrp can really overtake btc marketcap this time

I think a crash is to be expected soon there.

I keep hearing that but nothing happens ...

[ragnar0k]

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.

...Except that this time they are getting close to BTC market cap. It has passed 50% now and is on the way to be 100% sometime next week
I am surprised how media was quick saying btc is a bubble yet nobody says anything about ripple

[BitcoinBunny]

I reckon for the regular noob buying any type of Crypto it would far more appealing to buy Bitcoin NOW if they were expressed in mBTC.

Do you want 0.1 (10%) of a Bitcoin or 3500 Ripples?

Instead of fending off Roger "Criminal" Ver and his monopoly buddy Jihan Wu it would have been better had the community spent time on transferring value notation to mBTC as soon as BTC hit $10,000.00.

As soon as one mBTC possibly hits $10,000.00 then express it in microBTC or Satoshi.

This to me would look far more appealing to buy a few off below.
Consider this:

[oblox]

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. 

Is basically every "Equihash" altcoin reliant on the trusted setup (destruction of master key ceremony)? Not just Zcash, zclassic, but Bitcoin Gold as well?

Can anyone comment? All equihash coins = trust in trusted setup. (if so, what a crappy "gpu"-mineable algo that bitcoin-gold team chose - dubious)

No, only ZEC forks are. Equihash is just the mining algo, no different than scrypt, sha256, or ethash.

[centralbanksequalsbombs]

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. 

Is basically every "Equihash" altcoin reliant on the trusted setup (destruction of master key ceremony)? Not just Zcash, zclassic, but Bitcoin Gold as well?

Can anyone comment? All equihash coins = trust in trusted setup. (if so, what a crappy "gpu"-mineable algo that bitcoin-gold team chose - dubious)

No, only ZEC forks are. Equihash is just the mining algo, no different than scrypt, sha256, or ethash.

Ah okay, thanks!

[oblox]

I never thought I would say it but given where BCH is, LTC seems awfully undervalued. There is no compelling reason to use BCH over LTC if the whole premise is transaction fees are out of control and slow block confirms.

[bitserve]

I have just blown the princely sum of 0.01 BTC on a test run of Raiblocks which I am told is the future of crypto.

So far:

1.  Every time I try to open the Raiwallet I have to recover from seed because Raiwallet throws an error.

2. I can’t withdraw my 1 Raiblock worth US$25 from Bitgrail because their node keeps crashing so I can’t send it to my Raiwallet.

3.  You can’t send any amount less than 1 Raiblock to Bitgrail as an anti-spam measure.  This is for a DAG technology that supposedly can handle 2,500 tps?!

4. I can’t withdraw my remaining 0.0082 BTC from Bitgrail for no reason whatsoever? Exit scam?

This is the 17th highest ranked crypto on Coinmarket cap and it seems to be a fucking mess.  If this is the future of crypto, I want no part in it.

If you try IOTA you will be even more amazed by its shitness. Yeah, it's simply amazing. And that's for the network and PC wallet. Don't ever try the IOT wallet -it's main selling point- because there is simply NONE.

But the gains? Pretty respectable I have to admit.

If you want to try a working DAG try Byteball. The gains you ask? Oh, well... nowhere near the other two broken implementations (IOTA/Raiblocks).

Your choice.

[BitcoinBunny]

I never thought I would say it but given where BCH is, LTC seems awfully undervalued. There is no compelling reason to use BCH over LTC if the whole premise is transaction fees are out of control and slow block confirms.

The only reason is an emotional one (it contains the Bitcoin name) and it seems emotion is what the crypto market is partly based on right now. (Ie I'd rather have thousands of Ripple than 1 BTC)  etc.