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Question: 9/19 Closing Price:
0 - 1 (1.8%)
<$10,000 - 3 (5.5%)
$10,000-$10,500 - 1 (1.8%)
$10,501-$11,000 - 9 (16.4%)
$11,001-$11,500 - 16 (29.1%)
$11,501-$12,000 - 8 (14.5%)
$12,001-$12,500 - 7 (12.7%)
$12,501-$13,000 - 2 (3.6%)
>$13,000 - 3 (5.5%)
>$20,000 - 5 (9.1%)
Total Voters: 55

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22367448 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
Torque
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January 25, 2018, 07:59:43 PM
Merited by JayJuanGee (1), Heater (1)

For now, the race for leadership is still fully on with Bitcoin having a lead but that’s not carved in stone. It is not said that this will be the case forever. In a use case whereby ‘no fees’ micro transactions are vital, IOTA would clearly have a lead over most other cryptocurrencies, assuming they can get their clusterf* of a wallet and network stability up to standards.

Besides that, having various altcoins around with new variations and technologies popping up all the time is vital for the survival of this digital phenomenon. Adapt continuously or die. So I welcome altcoins instead of loathing them.

...  I see a purpose and place for various altcoins.

You guys still talk about all these various coins in some hypothetical future where you see them being "used" for various things. But without the ONE CRITICAL thing, mass merchant adoption, they won't be used for anything other than trading. That's all. Years and years will pass by, and they won't have achieved merchant adoption on any significant level. So what then?  Just trade?

How long will you guys give these also-ran shitcoins before the fallacy of "some future use case blah blah blah" never materializes? A few years? A decade? Two? There is only so long that something can exist on pure hype.

Besides that, having various altcoins around with new variations and technologies popping up all the time is vital for the survival of this digital phenomenon. Adapt continuously or die.

That is a GIANT fallacy if I've ever heard one. Bitcoin in no way shape or form has to continuously "evolve" beyond a certain point to become the predominant form of digital money or digital gold 2.0 on a worldwide scale. (Notice I said "beyond a certain point", bc it is not there quite yet).  In the same way Gold does not have to continuously "evolve" to be a sound physical store of value.
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Toxic2040
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January 25, 2018, 08:22:51 PM

I am calling for a nice little spike within 36 hours.

Remember: NO LUBE !

EDIT: Meh. Pulled my sell wall @ $12.5k, for... reasons.


Bobbie..its going to be ok.
JayJuanGee
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How much alt coin diversification is needed? 0%?


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January 25, 2018, 08:28:51 PM

I am calling for a nice little spike within 36 hours.

Remember: NO LUBE !

EDIT: Meh. Pulled my sell wall @ $12.5k, for... reasons.


Bobbie..its going to be ok.


Oh.. you can gloat now, Toxic.

Yesterday, you were shaking in your boots regarding potential consequences of such an inaccurate BTC price prediction.

I will add that it seems that BTC prices are still in a kind of bouncing around territory, and even largely in the middle our current price consolidation range - perhaps $10k-ish to $13k-ish.
jojo69
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January 25, 2018, 08:32:20 PM
Merited by Heater (1)

ASSLESS CHAPS

ASSLESS CHAPS

ASSLESS CHAPS
Toxic2040
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January 25, 2018, 08:44:19 PM
Merited by Dabs (1), BobLawblaw (1)

I am calling for a nice little spike within 36 hours.

Remember: NO LUBE !

EDIT: Meh. Pulled my sell wall @ $12.5k, for... reasons.


Bobbie..its going to be ok.


Oh.. you can gloat now, Toxic.

Yesterday, you were shaking in your boots regarding potential consequences of such an inaccurate BTC price prediction.

I will add that it seems that BTC prices are still in a kind of bouncing around territory, and even largely in the middle our current price consolidation range - perhaps $10k-ish to $13k-ish.

Even a broken clock is right twice a day..  /s

Naa..not my style JJG..I am actually concerned for Bob. Dealing with end game financials is enough to make anyone on edge. If anything I am still recovering from this Weiss report...left a sour taste I do believe.

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January 25, 2018, 08:51:45 PM

...


How long will you guys give these also-ran shitcoins before the fallacy of "some future use case blah blah blah" never materializes? A few years? A decade? Two? There is only so long that something can exist on pure hype.

...

I think they will not really die, but rather linger on for a fraction of their former value.

If a cryptocurrency newcomer asks me about my opinion of altcoins I usually gently guide him
towards these articles that destroy all altcoin enthusiasm pretty fast:
http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/
http://nakamotoinstitute.org/mempool/the-coming-demise-of-altcoins/
http://nakamotoinstitute.org/mempool/appcoins-are-snake-oil/
http://nakamotoinstitute.org/mempool/its-not-about-the-technology-its-about-the-money/

These articles are a few years old, but nothing has really changed except that
a few new platforms where these coins/tokens are launched have emerged (e.g. ICOs
on top of Stellar or NEO).

Dabs
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January 25, 2018, 08:57:03 PM
Merited by Wowcoin (5), Last of the V8s (1)

Serious question. I'm trying to understand the delusions and fallacies associated with the altcoin market. So far I'm still not getting it.

Or if you just consider it a "buy" because you think it's going to get pumped one day, then just say so. Penny stocks see their day in the sun sometimes too.

What's that saying, our mind is like a parachute. It works better if it's open.

90%, or 95%, or maybe even 99% of the altcoin market are all shitcoins or just utter garbage. There are those few 1%, and I can't even name them because I don't know them all, otherwise I'd be trading them too.

Some are trying to do things that hasn't been done, and some of them are all doing the same things one alt is trying to do too, such as all these privacy oriented coins, the biggest of which is Monero (and I have no stake in it, I don't hold or trade Monero), or Dash, and in that one's case they have these other "features" that incentivize the network to run "masternodes" which is trending these days.

There are even CoinMarketCap-like sites for them, I count maybe 4 or 5, you really only need to look at 1 or 2.

For all cases, the good ones are indeed good buys, as well as world changing disruptive tech. File storage. Decentralized databases. Privacy. Libraries? Real estate.. it's dot-com and 99% of them are going to Burst (that one popped awhile ago, but Burst seems to have revived now.)

There are more than 2000 alts / tokens. It's a giant dart board or you could say you fire a shotgun, you will hit one of these 1% wonder coins.

Again, I have my bets, but I don't know all of them, or any of them for sure until they get big, but I've managed to trade my way or hodl my way to double digit BTCs. And I'm not even a day trader nor do I run bots (I've seen bots in action, tried a few I think.)

You can call them delusions or fallacies. Some have actual real "merit". For those, I consider them tools of the trade. Or a means to an end. In the end, it's all a gamble, I just like the odds better on some of them that few people see for now (then everyone else will see it and have their "Napster" moment, that one dies and gets "torrented", but the world changes anyway.)

Even Litecoin has a purpose. It's a Bitcoin testnet on a live mainnet with value. Because the Bitcoin testnet itself is supposed to be valueless and it's been reset a few times in the past, and idiots attempted to trade testnet coins.

I get that you don't get it. You have to go deep in the rabbit hole, not just an aerial view from above.

Still working on getting to triple digits ...
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January 25, 2018, 09:07:55 PM
Merited by BobLawblaw (3)

I am calling for a nice little spike within 36 hours.

Remember: NO LUBE !

EDIT: Meh. Pulled my sell wall @ $12.5k, for... reasons.


Bobbie..its going to be ok.


Oh.. you can gloat now, Toxic.

Yesterday, you were shaking in your boots regarding potential consequences of such an inaccurate BTC price prediction.

I will add that it seems that BTC prices are still in a kind of bouncing around territory, and even largely in the middle our current price consolidation range - perhaps $10k-ish to $13k-ish.

Even a broken clock is right twice a day..  /s

Naa..not my style JJG..I am actually concerned for Bob. Dealing with end game financials is enough to make anyone on edge. If anything I am still recovering from this Weiss report...left a sour taste I do believe.


I think that you realize that even thought there may be some attempt at communicating substantive messages, some of these comments are in an exaggerated form of fun, too, and I have already done a kind of back of the napkin calculation of the Bob situation that makes me ssssssssoooooooooo  sssssssssssooooooo   worried for him, too.

I know that there are some claims that he has around 1k coins, but I put it at around 650 (after he had made his most recent $1million claim of coins).   So, yeah, we should worry for bob.... hahahahahhahaha  Problems of the .01%, no?

Certainly, I am not jealous of Bob - because I have plenty of coins myself.... around 10-ish.... give or take some.....  hahahahahaha
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January 25, 2018, 09:22:06 PM

Remember: NO LUBE !

EDIT: Meh. Pulled my sell wall @ $12.5k, for... reasons.


You would be still a crypto-millionaire with BTC at $3000 and you're being so anal... meh.
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January 25, 2018, 09:25:13 PM

exaggerated form of fun, too

I tried to merit you 3.14 sMerit. I think we need Merit divisible to at least 8 decimal places.

Exactly... would be much more fun with a bit more divisibility, but seems like Theymos has gone with a quasi - "all or nothing" "use it or lose it" approach rather than granting a power to parse.
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January 25, 2018, 09:26:20 PM
Merited by yefi (1)

Same kind of reasoning could have been applied to bitcoin at the start.  Not that I have an opinion about this or that altcoin, just pointing out the hole in your rationale.

What hole tho? The impetus for creating Bitcoin against the other existing forms of payment/banking systems was clear.

How about the delusional hole in rationale that says once we have a single crypto payment system that is secure, decentralized, functional, and popular (w/ users, brokers, exchanges, and merchants), that we need another one? Or a thousand more? Ten thousand more?
Your argument boiled down to the assertion that a novel currency/payment system that does not currently have merchant adoption could not gain traction in the future.  
At one point, bitcoin had no merchant adoption and clearly it has gained significant traction.

If you are now saying that there was a need for a digital currency, and now that there is one, we don't need something else because incremental improvements will fail to gain network effects, we can look at myspace / facebook-like precedents.

Again, I am not saying bitcoin will not be the number 1 crypto in the future, in fact my best guess would be that it will be bitcoin that wins out, but I am not sure that it will.
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January 25, 2018, 09:32:11 PM
Last edit: January 25, 2018, 11:41:28 PM by Biro Bob
Merited by vanobe (1)

this is horrible

this is going to turn us all into merit whores

I wish I could help. I just tested my spendable merit... and now I have zero Sad

Thank you all for the generous donations of sMerit. I started with 100 merit and 6 sMerit (which I consumed immediately) - I’m not sure what the initial 100 merit /6 sMerit formula is based on as other ‘members’ seem to have arbitrary amounts between 0 and several thousand.. Your very kind donations added 9 new Merit points and gave me 4 new spendable sMerits.

Cheers.

On a different.. wall observing kinda note, the UK annual self assessment tax MUST be paid by January 31st. I’m sure many people that spent well in 2017 (knowing they had massive BTC profits to fall back on) didn’t really plan ahead so needed to cash out a few Bitcoins to pay their tax bill... I’m one of these people. I cashed out at £10600 (approx $14k) but I’m sure others have been holding to the last minute hoping.... it goes a bit higher than now...

Edit: I just found out how to find out who my Meritors are by clicking on Merit in my profile. Thanks Dabs, Yefi, Rosewater, Hairy, vanobe and Jay. Much appreciated! Grin
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January 25, 2018, 09:32:54 PM
Merited by Torque (2), 600watt (2)

In the end, it's all a gamble, I just like the odds better on some of them that few people see for now (then everyone else will see it and have their "Napster" moment, that one dies and gets "torrented", but the world changes anyway.)

Mostly is that latecomers feel that btc can hardly make another 10X+ from current levels, so they end buying lottery tickets priced $1 or less to have their chance for a 100-bagger, without even looking at the monetary base or any other technical spec of their tickets. This make me support the idea of starting to use milli-bitcoins (one-thousandth btc) as the standard unit.
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January 25, 2018, 09:40:35 PM

12 hours later and it looks like the trend line is holding as an upper bound for now.  Question is whether closing of the futures on CME today will trigger a dump or a relief rally.  Volatility seems assured.  For context this is the 6 hour chart on Bitstamp.  It looks much the same at 1 week level or 15 minute level for those who don’t like the choice of scale.


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January 25, 2018, 09:55:09 PM

Robinhood 0% fees crypto trading.  200k people in line. 



quick image upload
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January 25, 2018, 10:06:32 PM

Robinhood 0% fees crypto trading.  200k people in line. 



quick image upload

This is clearly a scam - zero commission? Yeah right. I guarantee you that they will front-run your order.

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January 25, 2018, 10:10:12 PM

Robinhood 0% fees crypto trading.  200k people in line.  


meanwhile Bittrex signup STILL MIA
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January 25, 2018, 10:10:35 PM

Robinhood 0% fees crypto trading.  200k people in line. 



quick image upload

I came here to post about this too.  I have had many friends contact me today about this. These are friends who only trade stocks but, have been curious about bitcoin for awhile now. They have been asking me for sources of daily info on bitcoin because they want to invest in bitcoin when it goes live on robinhood in February.
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January 25, 2018, 10:13:54 PM

So my banks just complained. Apparently churning too much money in and out of exchanges has them worried shitless that the taxman will complain. Might have to register as a business to keep trading at the current levels of volume. Not sure I wanna deal with that shit. Especially the part where I have to give up half the profit. Blah.
To me, this is worrying more than annoying. Any hint of coordination among banks? How long between the two complaints?
Same day. I'm sure they talked it over among themselves before the call.
Last of the V8s
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January 25, 2018, 10:14:26 PM

@SnoopDogg

Snoop Dogg Retweeted Robinhood

Putting tha Crip in Crypto!

 9:02 PM - 25 Jan 2018

    503 Retweets
    1,320 Likes
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