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

[muadib83]

I know they have poor understanding - as most of investors but in US all investors look at scamy ratings.

Just look on 2008 - for years ratings gave 5 stars to crap - without them it would crash so much earlier

[Torque]

I love this guy, he's calling out all shitcoins in Altlandia for exactly what they are: scams.

https://twitter.com/saifedean/status/954935819525152768

It's trivial to build an exact replica of Bitcoin.
But it's impossible to make that replica grow and achieve any traction without the creator being in control of it.
But having someone in control defeats the entire purpose.

So the only way that any altcoin can grow is if there is a team of full-time con artists working hard to code, mine and promote it. So every alt is under the full control of a team of scammers, which makes their entire use of Bitcoin's decentralized design laughably retarded.

There is nothing wrong with a centralized competitor to Bitcoin. But there is something laughably wrong, stupid, and utterly unworkable about centralized shitcoins adopting a highly inefficient decentralized structure purely to pretend to be Bitcoin 2.0.

You can build anything you want on a second layer of transactions, holding Bitcoins in reserve. This requires nothing from any other developers. Only reason people don't do it is that they want to make their own currency to scam noobs.

[Elwar]

It is just insane that I am first to link about most important thing in crypto and all time milioners with btc just didn't see it  LOL

Not first.

Old news is old.

[infofront]

IMO certain altcoins have a place in this world unless and until bitcoin can fit every use case required. It's getting pretty close to being able to do with the inclusion of LN, rootstock and other 2nd layers/sidechains.

I foresee Monero thriving in any case. With it's opaque blockchain and fungibility, I see it as the only altcoin that Bitcoin can't completely displace.

[jbreher]

The walls are moving around today like a funhouse

[OWZ1337]

IMO certain altcoins have a place in this world unless and until bitcoin can fit every use case required. It's getting pretty close to being able to do with the inclusion of LN, rootstock and other 2nd layers/sidechains.

When bitcoin can fill every role nearly as well as any altcoin, the only argument left for having an altcoin would be that Bitcoin is too decentralized, and you need a totalitarian, centralized governance (Etherium, Bcash, Federal Reserve Coin).

I foresee Monero thriving in any case.

we are reviving tekcoin rebranding tekcash just to piss off roger ver ~ will you join the occupybitcoin movement or fall for bcash reptilian tricks?
BTCBTC is our only hope! lol

===>

https://yobit.net/en/trade/TEK/BTC

[Arriemoller]

I really thought we can win vs jews from WS - no way.

It's easy to tell what you should be buying.  All you really need to know is, ALL media is Jewish media.  Do you think Harry Dent actually buys all these ads?  HELL NO.  He's a shabbos goyim.  The Comex is forwarding all their contracts to London recently - that's a TECHNICAL DEFAULT.  And how could it not have happened when it's the only asset on earth not in a bubble?  The Jews want to keep people from buying physical silver or gold at all costs:

As you are someone seriously into metals you gave me some sound advice back in 2015 when I was about to buy silver at $16.
You said to wait as it had a couple $ to go, I managed to buy at $14.30 not quite the bottom but near enough.
I am in EU now where buying silver attracts 20% VAT so I am about to buy some gold which is not taxed.
In your opinion is this month a good time to buy also is it better to buy in many smaller units or to go for the cheaper option of one or two large units.
Many thanks.

 

Here you can buy tax free silver in the EU and pay with BTC or LTC. https://www.europeanmint.com/silver-bullion/

[Torque]

IMO certain altcoins have a place in this world unless and until bitcoin can fit every use case required. It's getting pretty close to being able to do with the inclusion of LN, rootstock and other 2nd layers/sidechains.

Really tho? Is it not ironic that Bitcoin's supposedly "slow dev cycle" is why altcoins exist, but 99.999999999999% of them have never actually participated in an e-Commerce transaction? You know, actually used to buy stuff online, which is what they all supposedly tout as their eventual purpose for existing? Years will pass and altcoins still won't have merchant adoption. Years will pass and ICO apps won't go anywhere. Perhaps a decade or more will pass, and all of the alts will be exactly where they are today in the merchant world: nowhere.

The delusion runs insanely deep with shitcoins. Insanely deep. There is only so long that you can keep using the "yes but in the future my alt will..." argument.

[TERA2]

btc used to be 90% dominance. That changed when we started getting investors and retail traders who know nothing about cryptocurrencies, instead of all the buyers being from the technical community and knowing better. It's kind of like the penny stock market where average joe retail traders are buying up companies that dont even exist to a $100M market cap, just because its cheap. These are good days to be a developer or an altcoin trader, just not a bitcoin idealist.

[thrax]

Bitcoin's up $600 from its 24 hour low. If it keeps pumping we'll soon be back above $12000.

[Last of the V8s]

talking of monero
https://www.reddit.com/r/bitfinex/comments/7r8z3w/bitfinex_froze_my_account_with_over_1_million/
bfx and pigs in league. 'tainted' coins ...

[cAPSLOCK]

talking of monero
https://www.reddit.com/r/bitfinex/comments/7r8z3w/bitfinex_froze_my_account_with_over_1_million/
bfx and pigs in league. 'tainted' coins ...

Yup... 

I personally think LAPPS will nullify the significance of the majority of alts.  But of all the alts Monero may remain valuable.

I am curious how the two blockchains might interact on their respective coming second layers.

[d_eddie]

The lastest from Masterluc:

Question:
In past posts, you wrote that the price can hit low, and you advised to buy bottoms down to 8k.
Is the scenario of dropping to 8k still in force?

Answer:
I do not exclude that possibility. But on the wave like a zigzag correction passed.

I think he's saying that a drop to 8K would invalidate his Elliot Wave count. Given his history of correct Elliot wave counts to date, that's quite unlikely.

Can you please link the discussion(s) where Masterluc usually gives out his words of wisdom?

[thrax]

The lastest from Masterluc:

Question:
In past posts, you wrote that the price can hit low, and you advised to buy bottoms down to 8k.
Is the scenario of dropping to 8k still in force?

Answer:
I do not exclude that possibility. But on the wave like a zigzag correction passed.

I think he's saying that a drop to 8K would invalidate his Elliot Wave count. Given his history of correct Elliot wave counts to date, that's quite unlikely.

Can you please link the discussion(s) where Masterluc usually gives out his words of wisdom?

It's here. It used to be called "analysis never ends", but he changed the title to "analysis".

https://bitcointalk.org/index.php?topic=274613.0

[jojo69]

It's here. It used to be called "analysis never ends", but he changed the title to "analysis".

https://bitcointalk.org/index.php?topic=274613.0

he hasn't posted directly in a long time

[yefi]

btc used to be 90% dominance. That changed when we started getting investors and retail traders who know nothing about cryptocurrencies, instead of all the buyers being from the technical community and knowing better. It's kind of like the penny stock market where average joe retail traders are buying up companies that dont even exist to a $100M market cap, just because its cheap. These are good days to be a developer or an altcoin trader, just not a bitcoin idealist.

Yep, the markets are stricken with cheapitis. We should clone Bitcoin, but reset one bitcoin to one satoshi. With a 2.1 quadrillion supply, we'll own the market (and I'm not even sure if I'm joking).

[infofront]

IMO certain altcoins have a place in this world unless and until bitcoin can fit every use case required. It's getting pretty close to being able to do with the inclusion of LN, rootstock and other 2nd layers/sidechains.

Really tho? Is it not ironic that Bitcoin's supposedly "slow dev cycle" is why altcoins exist, but 99.999999999999% of them have never actually participated in an e-Commerce transaction? You know, actually used to buy stuff online, which is what they all supposedly tout as their eventual purpose for existing? Years will pass and altcoins still won't have merchant adoption. Years will pass and ICO apps won't go anywhere. Perhaps a decade or more will pass, and all of the alts will be exactly where they are today in the merchant world: nowhere.

The delusion runs insanely deep with shitcoins. Insanely deep. There is only so long that you can keep using the "yes but in the future my alt will..." argument.

I'd clarify myself by saying most altcoins have a place in this world, or raison d'etre, in theory.
I suspect we mostly agree. For instance ETH exists because we apparently need a decentralized (lol) DAPP platform. But by the time any useful DAPPs come, rootstock will be mature enough to handle them.

Can you please link the discussion(s) where Masterluc usually gives out his words of wisdom?

https://vk.com/bitcoin_vanga

[smartcomet]

Can anyone tell my how futures work?


1. If someone have put money that Bitcoin will short and on 24.01 it will BOOM up - he will lose money right?
2. When exacly cme futures end? Exact time please



JUST look at 24.01.17 - the day that will change crypto. Now I know why price is same non stop. RATINGS coming to crypto !! The thing that has ten times more power than any futures.


5 star rating for bitcoin and lower stars for other = bitcoin goes few thousands up in matter of minutes.

Bitcoin get less than 5 starts = crypto world is gona dip dip dip = even if Xrp gets 5 stars (as a REALIST I see that coming - jews wants to control crypto market). People will buy XRP but BTC/ETH will drop - and everything is bought in BTC/ETH - so everything falls. Then in the ashes whales buy all XRP and GG


I REALLY HOPE there are to many jews that just want MONEY over POWER - and they will give 5 stars to BTC (easiest way to make money - they buy BTC - it moons = they make LOADS of MONEY)


What do you think about it - IMHO ratings are CRUCIAL - they destroyed whole US Market in 2008 - now they have power to destroy crypto -  WITH RATING 3 or lower = Bye Bye any investor in US



HERE: https://news.bitcoin.com/u-s-rating-agency-to-issue-bitcoin-and-cryptocurrency-grades-wednesday/

BTC 5 stars

[cAPSLOCK]

I am curious how the two blockchains might interact on their respective coming second layers.

Bitcoin <-> Monero atomic swaps ? What a time to be alive !

No kidding...  And that functionality would a a super powerful combo.  Bitcoin will have just gotten a layer 2 modern day Swiss bank account extension.

Then again...  nullc said when he left Blockstream he would be working on privacy, presumably for BTC, although he seems to be a Monero fan as well seeing as his profile here has a XMR address in it.

[thrax]

It's here. It used to be called "analysis never ends", but he changed the title to "analysis".

https://bitcointalk.org/index.php?topic=274613.0

he hasn't posted directly in a long time

He seems to post once every four or five months now. If he continues that pattern we are due another post in March or April.

He probably made so much from trading that he's too busy with lambos, hookers, and blow to bother posting here much.

Nevertheless he still finds time to post on twitter and tradingview.

https://twitter.com/hashtag/masterluc?lang=en

https://www.tradingview.com/u/PentarhUdi/