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

[HairyMaclairy]

Bitcoin dominance 34.9 and rising.

This is how we do.  

Edit:  35%.   

[JayJuanGee]

...

Excellent, logical and positive post! Would have +1’d but I ran out of spendable merit!

** If you need 2 merits to get one sMerit, will everyone eventually run out of sMerit?

There was the initial distribution of merits and smerits and the rippling effects of the initial distribution would be expected to carry on for a year or more for members to use their merits and then the halvening too, like you mentioned. 

Yet, there are also 57 members that Theymos has designated as sources of about 12,000 smerits per 30 days, and Theymos seems to think that smerits flowing through sources will cause a sufficient enough supply of continued smerits rippling through the forum, yet it seems that it could take several months to determine how the merit system is playing out in terms of ranking up and flow of smerits, etc. 

I doubt it will dry up, but there could be questions about whether it will be fairly distributed and what kinds of posts will attract the giving of merit.

[Toxic2040]

...

Excellent, logical and positive post! Would have +1’d but I ran out of spendable merit!

** If you need 2 merits to get one sMerit, will everyone eventually run out of sMerit?

There was the initial distribution of merits and smerits and the rippling effects of the initial distribution would be expected to carry on for a year or more for members to use their merits and then the halvening too, like you mentioned. 

Yet, there are also 57 members that Theymos has designated as sources of about 12,000 smerits per 30 days, and Theymos seems to think that smerits flowing through sources will cause a sufficient enough supply of continued smerits rippling through the forum, yet it seems that it could take several months to determine how the merit system is playing out in terms of ranking up and flow of smerits, etc. 

I doubt it will dry up, but there could be questions about whether it will be fairly distributed and what kinds of posts will attract the giving of merit.

The whole thing needs tweaking some more..seems to me. I dont have near enough merits to hand out. I dont want a shit ton more...but being able to reward comments daily and not run out seems like it would be a reasonable place to start. And another damn thing..some hero members had there merits raised if they where near legendary?  If so..what about all the other ranks that where close to ranking up? Its all kinda arbitrary.


Not that I really care..I still am going to give out the forked WOsMerits when earned 

slightly on topic...seems the east is wakening up and is not happy..more dump?

[flynn]

Excellent, logical and positive post! Would have +1’d but I ran out of spendable merit!

** If you need 2 merits to get one sMerit, will everyone eventually run out of sMerit?

There are some users who are designated as sources. So they keep getting sMerit to hand out. I guess you just need to figure out who those people are and get on their good side.

Or stop completely to care about that merit stuff.

[rezurect007]

Im out.
5550

Example of "weak hand"?

Yeah kind of..
Have a very small stash.

Sold the trading stash. Don't have the balls i guess.
Im expecting a bounce at the current level.Just gave up on it.A small rally once the selling pressure subsides.
Opted to put in buys the way down. Hoping atleast the 7500 fills.
Bounce @8900
Bounce @7500
Bounce @5500

I don't mean to be calling you names, but it just does not seem to be a good strategy to play like that - which I mean is selling at about 55% retracement.. and the practice should not be different whether you are holding a lot or holding a little, and probably the most convincing mistake is that either you had not sold enough earlier or you had invested too much (even if it is a small amount)... but yeah, it is understandable that each of us have to do what ends up being comfortable for us... and hopefully learn how to improve our methods so we don't do the opposite of what would be a better practice (buying on the way down - or worse case scenario, just HODLing)

I agree

[Azazel333]

Hopefully 8400 is bottom. Probably just wishful thinking but it would be nice. This dip is getting painful!

[rafanadal]

No stopping this bleeding

[jojo69]

BRACE FOR IMPACT!!

[Nam3]

No support is holding. The dump is too strong 

[rafanadal]

concept of support is silly

[TheRealProphet]

Buckle up, next stop: $8k. If you haven't sold yet, now is the right time.

[HairyMaclairy]

BTC dominance 35.8%.  Grind the shitcoins down. 

[Lopumbo]

if you look at bitfinex you saw (massive) walls of 500-600 BTC at 9000$ and 8750$. When the walls start to get eaten they magically disappear  
talk about buying time 

[Neo_Coin]

Digix, DGX/DGD Bullion Gold on Ethereum wallet.
https://digix.global
https://forum.bitcoin.com/alternative-cryptocurrencies-altcoins/digixdao-token-dgd-pre-launch-via-ccedk-acount-digixdao-t7120.html
https://medium.com/@Digix/partnership-announcement-makerdao-and-digix-dgx-gold-tokens-to-play-a-crucial-role-in-the-dai-8ed4c05b622c

[milkshock100]

BTC dominance 35.8%.  Grind the shitcoins down. 

Good point. The alts must die.

[Apekool]

as soon as a transaction rate exceeds that of a regular bank, why using bitcoin?

Because you can send them to any address you like. Try doing that with banks, Visa etc.

I can do a cash transfer up to a certain amount here around the corner, and another one street further than that, etc. And that cash transfer can even be delivered at a home address (for additional fee of course), even an address that doesn't have a computer, internet connection or whatever. There are certainly major advantages to digital currency, but why take the first one ever accepted and never explore better options?

Both still have advantages. Banks for example also allow a 1ct transfer against no fee at a few seconds transaction speed. And I can send money to all of my friends and back again all day, just for fun, without the bank network stressing. Plus the bank guarantees savings up to 20-100k, depending on the people in government :') Anyone got a guarantee from Satoshi already?

[Dakustaking76]

Guys we Did our best to get rich

Its all over

Winter is coming (weekend) we Will see a dip again

Holdddddddddd

[Enjel]

It's terrifying holding a ton in an alt that *seems* to be holding in the sea of red.

$-wise, it is currently the same as it was 24 hours ago, and in fact pumped up before coming back down.

[TERA2]

That flat line at 8750 looks like something out of mtgox

Just curious - what is your prediction? I remembered you were very bearish a few weeks ago, but now you're not calling "big crash" like some are.

There could be a big crash, but it's not going to happen all at once as were already in slow grind mode. It would be a slow slide with lots of bounces like 2014. I think from here it could go to 7-8K then have a bounce back up to 13K  before proceeding with the next wave down to 5.5K then a much longer bounce to 10K and then a final wave to above 3K. This would mimic 2014.

[mike4001]

https://coinmarketcap.com/

DigixDAO is up 25,15%

lol

Anyone who bought this was lucky as fuc*