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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26399367 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. (174 posts by 3 users with 9 merit deleted.)
RoomBot
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February 10, 2018, 07:23:07 AM

Perhaps crop your quote if only replying with a single line?



Perhaps.
HairyMaclairy
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February 10, 2018, 07:27:02 AM

Perhaps crop your quote if only replying with a single line?



Perhaps.

Painful if on mobile. Maybe I am missing out on the official WO app?
TERA2
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Deb Rah Von Doom


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February 10, 2018, 07:42:08 AM

memes are in a downtrend
HairyMaclairy
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February 10, 2018, 07:51:35 AM

Link to 6 hour meme candles?
mike4001
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February 10, 2018, 07:53:16 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
xhomerx10
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February 10, 2018, 07:57:42 AM

Guys come on. Nobody gives a crap about IQ debates, pen, or other stuff.
Just go there for that : https://bitcointalk.org/index.php?board=9.0

 I disagree.  I love pens.  Look at this one:

The Lighthouse of Alexandria



by Pelikan


You know today is gonna be exciting. When The Wall starts talking about pens.

 I'm excited.
4


Are they available at  penisland.com ?   Grin      (actual website that sold pens, aka "Pen Island")

  No, that site redirects to a malicious site.   Anyway, the pen above is one of a limited edition run of 440.  It would be difficult to find and purchase.


Oh really?
https://www.ebay.com/itm/Pelikan-Limited-Edition-The-Lighthouse-of-Alexandria-Fountain-Pen-/232316991711

 Good job!  Let me know when it arrives.
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February 10, 2018, 07:58:38 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge
somac.
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February 10, 2018, 08:09:10 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge

Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard.

I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit.
BTCMILLIONAIRE
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February 10, 2018, 08:25:45 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes.
BTCMILLIONAIRE
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February 10, 2018, 08:28:55 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge

Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard.

I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit.
Altcoins are predominantly denominated in BTC. So when BTC goes up by X%, alts will usually go up by at least X% as well in terms of USD. This will cause people to think that alts are entering a bull run, which might trigger buy orders that will drive up their price in terms of BTC as well, which will ultimately lead to a price rise above the X% of BTC in terms of USD.
somac.
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February 10, 2018, 08:31:59 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes.

With the number of coins slowly losing dominance over time is expected, but, this loss has been quick. What's more, we are likely close to another coin becoming the market leader. Can you imagine that, A banker coin like ripple, and a broken dictator coin like ethereum becoming the peoples choice.

I should never of expected different I guess, most people in this world are dumb arse sheep only care about profits rather than making the financial system better.
somac.
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February 10, 2018, 08:33:21 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge

Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard.

I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit.
Altcoins are predominantly denominated in BTC. So when BTC goes up by X%, alts will usually go up by at least X% as well in terms of USD. This will cause people to think that alts are entering a bull run, which might trigger buy orders that will drive up their price in terms of BTC as well, which will ultimately lead to a price rise above the X% of BTC in terms of USD.

Why is that happening only now and not before?
Wekkel
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yes


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February 10, 2018, 08:34:24 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge

It could indeed be another 'alts surpassing Bitcoin' in terms of drive towards higher prices. A Bitcoin stagnant - Alts booming kind of thing. Not completely irrational since not all alts are trying to solve the problem Bitcoin is trying to solve. But it makes reading the markets harder.
bitebits
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February 10, 2018, 08:35:14 AM

Simply see the cost return comparison.

https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit#gid=1194614223                              

Thanks for sharing, gives me a bit of insight into the world of mining. It is much more easy to just buy those bitcoins straight.
On the other hand it is much more fun to mine them. And when you see those machines humming all day, and realize how competitive and hard it is to obtain a fraction of a bitcoin, you consider even a single bitcoin very valuable.
BTCMILLIONAIRE
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February 10, 2018, 08:37:15 AM
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Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard.

I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit.
Altcoins are predominantly denominated in BTC. So when BTC goes up by X%, alts will usually go up by at least X% as well in terms of USD. This will cause people to think that alts are entering a bull run, which might trigger buy orders that will drive up their price in terms of BTC as well, which will ultimately lead to a price rise above the X% of BTC in terms of USD.

Why is that happening only now and not before?
Volume. There's much more people interested in catching the next "big coin" that buy up altcoins these days. Not too long ago alts were largely frowned upon (for good reasons), but this is slowly changing with innovation and adoption.
BTCMILLIONAIRE
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February 10, 2018, 08:39:10 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes.

With the number of coins slowly losing dominance over time is expected, but, this loss has been quick. What's more, we are likely close to another coin becoming the market leader. Can you imagine that, A banker coin like ripple, and a broken dictator coin like ethereum becoming the peoples choice.

I should never of expected different I guess, most people in this world are dumb arse sheep only care about profits rather than making the financial system better.

This effect is bound to accelerate with the growth of the overall crypto market. The more people buy into Bitcoin, the more people will find interest in altcoins and the larger the potential volume that can trigger growth in altcoins will become. It's a snowball effect.
A question that I find interesting is whether or not Bitcoin will regain dominance massively once the "big crash" comes and useless shitcoins as well as all the ponzis and scams get obliterated.
somac.
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February 10, 2018, 08:42:27 AM
Merited by Dabs (1)

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes.

With the number of coins slowly losing dominance over time is expected, but, this loss has been quick. What's more, we are likely close to another coin becoming the market leader. Can you imagine that, A banker coin like ripple, and a broken dictator coin like ethereum becoming the peoples choice.

I should never of expected different I guess, most people in this world are dumb arse sheep only care about profits rather than making the financial system better.

This effect is bound to accelerate with the growth of the overall crypto market. The more people buy into Bitcoin, the more people will find interest in altcoins and the larger the potential volume that can trigger growth in altcoins will become. It's a snowball effect.
A question that I find interesting is whether or not Bitcoin will regain dominance massively once the "big crash" comes and useless shitcoins as well as all the ponzis and scams get obliterated.

If a big crash happens. They might just drop off one by one, only to be replaced by more new entrants.
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February 10, 2018, 08:50:07 AM
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I think alts are a disease and we won't have another 10x or 100x increase until the alts largely die off. Every time bitcoin pumps and the alts pump even harder, it is like cancer overtaking the body every time it starts getting healthy. This sickness will have to run it's course and when the disease has been cured/eradicated, bitcoin can finally grow to it's true potential. This will probably take a few more years.
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February 10, 2018, 08:54:34 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge

Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard.

I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit.


Market cap and bitcoin dominance can be a misleading indicator for all the reasons that you already stated... so in that regard, people who understand the value of bitcoin are going to realize that bitcoin is the one to buy rather than gambling on those many other alt coins - and useful also NOT to get distracted by coinmarket cap, at least in terms of informing you about the dominance of BTC's fundamentals in comparison to any (and all) of the other coins.
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February 10, 2018, 08:55:28 AM
Merited by Last of the V8s (1)

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge

Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard.

I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit.


Market cap and bitcoin dominance can be a misleading indicator for all the reasons that you already stated... so in that regard, people who understand the value of bitcoin are going to realize that bitcoin is the one to buy rather than gambling on those many other alt coins - and useful also NOT to get distracted by coinmarket cap, at least in terms of informing you about the dominance of BTC's fundamentals in comparison to any (and all) of the other coins.

Crypto War successful and ongoing (block size, transactions, hard forks, media)

create less reliance on bitcoin and more on centralized tokens

pump alts, sell tokens to newbs

create national tokens (russia coin, Petro coin etc), pump for newbs

sell into bitcoin - big pump (Huge) before next battle on bitcoin exchanges (corrupt, broke, no reserves, multiple exchanges as well as other btc scams)

legislate exchange and ban btc to promote national crypto

btc crash and they hope for good

lets see how it all pans out (within next 10 months)
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