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

[HairyMaclairy]

If nothing else, this whole alt coin pump is nailing shut the lid on the Bcash coffin.

[realr0ach]

sold 0.8 BTC yesterday for TRX, today i have 1.6 BTC lol

Since bitcoin isn't money and is just an IOU, neither are federal reserve debt notes, you got zero of anything until you've cashed out of the debt and IOU system for either a physical good you can defend with an AR15, or silver, gold, or other commodity money that doesn't represent debt or IOUs.

[HairyMaclairy]

Bitcoin is not an IOU.  No one owes you anything.

[milkshock100]

If nothing else, this whole alt coin pump is nailing shut the lid on the Bcash coffin.

Good. At least xrp is shameless.

If jihan wu and roger ver go down because of xrp I’m delighted

[realr0ach]

Bitcoin is not an IOU.  No one owes you anything.

Of course it's an IOU.  It's a valueless token that you pray someone else honors the value for.  That's the very definition of an IOU.  An IOU doesn't require a contract solely with one other party.  You have entered into a far worse contract, a contract with no discernable party at all. 

The only type of money that isn't an IOU are physical commodity currencies whether it's silver, gold, oil, wheat, or what have you, because even if every single other person on the planet dies, you do not require any external actors to make good on your claim and are already holding it in your hand.  It is not possible to be left "holding the bag" with a real commodity currency.  Since bitcoin is not a real commodity, not tangible, and is essentially an imaginary object, it is very much an IOU as far as the human plane of existence is concerned.

[ghandi]

I want my Bitcoin-Bullrun back! Now!!!!

[HairyMaclairy]

An IOU is an acknowledgment of an extrinsic debt.  That’s a completely separate concept from a token which has its own intrinsic worth (or lack thereof). In this sense bitcoin is a token no different from a seashell (a virtual sea shell).  

There’s no such thing as a contract without a counterparty. There might be an offer open to the public, but it is not a contract until concluded by the parties.  

[Heater]

If nothing else, this whole alt coin pump is nailing shut the lid on the Bcash coffin.

Good. At least xrp is shameless.

If jihan wu and roger ver go down because of xrp I’m delighted

+1

Anyhow the xrp pump is over. It's time to quickly pump up ETH a bit before the honey badger gets a turn.

[BitcoinBunny]

Anyhow the xrp pump is over...

Are you sure about that?

[milkshock100]

Anyhow the xrp pump is over...

Are you sure about that?

I’m not

[Heater]

Anyhow the xrp pump is over...

Are you sure about that?

I’m not

Looks like it's back on.

[HanvanBitcoin]

Anyhow the xrp pump is over...

Are you sure about that?

I’m not

Looks like it's back on.

Im expecting this bull run on XRP will not end before it hits $5

[J. Cooper]

Im expecting this bull run on XRP will not end before it hits $5

I thought this was the price discussion topic for bitcoin not a discussion thread for the price action of cripple. But now we're at it anyway. I hope if it does hit $5 it will be dunked to the outskirts of the sub top 100 on cmc. We still need a good meme for a legendary pump 'n dump.

[bitserve]

We would need a separate thread for discussing altcoins in general from a Bitcoin perspective.

Yeah, I know there is a BT subsection for altcoins but it is pure rubbish and full of blind retarded shills. Not what I am looking for.

[BitcoinBunny]

Im expecting this bull run on XRP will not end before it hits $5

I thought this was the price discussion topic for bitcoin not a discussion thread for the price action of cripple.

It is but if the average noob / the media is occupied with X it is only valid to point that out as it clearly is explaining why BTC is stagnant for a while even though crypto marketcap is increasing massively.

All these alt coins look cheap even though you mostly can't do anything with them and many have massive supply.
I can fully understand why someone will jump on those bandwagons and not a $15K per BTC vehicle at the moment.

[somac.]

Im expecting this bull run on XRP will not end before it hits $5

I thought this was the price discussion topic for bitcoin not a discussion thread for the price action of cripple. But now we're at it anyway. I hope if it does hit $5 it will be dunked to the outskirts of the sub top 100 on cmc. We still need a good meme for a legendary pump 'n dump.

ha, it is way more likely to be number 1 then under 100 (ripple has always been near the top also). I wish this wasn't happening, and by all logic there should of been a dump by now. But, its not happening. I don't think this is like 2013 where the alts were literally just pump and dumps, the coins now are too mature and with ever increasing innovation. It will be very hard for BTC to maintain its dominance.

I think what we are seeing at the moment, is that BTC is now just becoming another coin, it may not lose it's top place this time, but it will happen eventually.

[milkshock100]

Anyhow the xrp pump is over...

Are you sure about that?

I’m not

Looks like it's back on.

Im expecting this bull run on XRP will not end before it hits $5

I could see nearly double that -  the only positive is that it appears that btrash is taking more of a hit than btc

Look at decred as a random example of what is possible

[lightfoot]

We would need a separate thread for discussing altcoins in general from a Bitcoin perspective.

Yeah, I know there is a BT subsection for altcoins but it is pure rubbish and full of blind retarded shills. Not what I am looking for.

So make another one, self moderate it, and deal with the shit that is altcoins.

Meantime Bitcoin seems to be stuck between 14-15k. Alts are going up because people perceive them to be cheaper or something, truth is they are like computer stocks in 2000 when every stock was bid up without any fundementals. Crash will come and money will flow back to the stuff with promise. By then Bitcoin had better have segwit running properly.

My question, how will people monetize the LN?

[somac.]

My question, how will people monetize the LN?

For now who cares, just get the damn thing up and running.

[ragnar0k]

Im expecting this bull run on XRP will not end before it hits $5

I thought this was the price discussion topic for bitcoin not a discussion thread for the price action of cripple. But now we're at it anyway. I hope if it does hit $5 it will be dunked to the outskirts of the sub top 100 on cmc. We still need a good meme for a legendary pump 'n dump.

ha, it is way more likely to be number 1 then under 100 (ripple has always been near the top also). I wish this wasn't happening, and by all logic there should of been a dump by now. But, its not happening. I don't think this is like 2013 where the alts were literally just pump and dumps, the coins now are too mature and with ever increasing innovation. It will be very hard for BTC to maintain its dominance.

I think what we are seeing at the moment, is that BTC is now just becoming another coin, it may not lose it's top place this time, but it will happen eventually.

Nah what we see here is banks trying to take over the space. I don't think ripple will go away anytime soon, these guys are not Roger Ver... Can pump XRP for a lot longer
I bought some XRPs with my play money, but I'll probably hodl my BTC stash till 0 - unfortunately they figured out that people greed is the best tool to beat BTC

Edit so I don't look like a bear: I think there is still a good chance we get out of the top resistance and push up, same greed/fomo that has driven the alts surge might move BTC high