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

[Dabs]

These alts are an attack on bitcoin, and yes shit coins like doge can do damage to bitcoin. Bitcoin could end up being like the story of the elephant being attacked by ants. The elephant may kill thousands of them, but eventually those little bastards could bring the elephant down.

I don't think doge is directly or even indirectly doing any damage to bitcoin (or any other altcoin for that matter.)

Where's that story about the elephant and the ants? I know some elephants avoid plants that have ants, but they don't bring down the elephants.

I think that's a good fair point I hadn't considered before really.  Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value.  I don't think it necessarily applies to the larger cap coins though.  If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.

The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing.

You need to do a little more elbow grease to get it actually listed on CMC. But yeah, it's possible.

[1714208565]

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[1714208565]

1714208565

[BTCMILLIONAIRE]

For me, bitcoin is the shitcoin. First of its kind, but useless.

You sad, myopic bastard.

I've been playing with my lightning node over the past few days, and yeah, it's still rough and very much a work in progress, but goddamn is it ever impressive tech.

I have seen a glimpse of the future of Bitcorn, and it is very bright.

But when will it pop?

[Dabs]

It will pop back down to 40k, after it pops at around 150k. No source. Just gut feel. No guts no glory!

[BTCMILLIONAIRE]

It will pop back down to 40k, after it pops at around 150k. No source. Just gut feel. No guts no glory!

I thought corn popped only once!

[readysalted89]

For me, bitcoin is the shitcoin. First of its kind, but useless.

You sad, myopic bastard.

I've been playing with my lightning node over the past few days, and yeah, it's still rough and very much a work in progress, but goddamn is it ever impressive tech.

I have seen a glimpse of the future of Bitcorn, and it is very bright.

But when will it pop?

Stock traders say sell in May and go away, so I think it might pop in May.

[Neo_Coin]

[jojo69]

Bittrex finally opening the door a tiny crack

We are currently only accepting new account requests from our corporate customers and select invitees. We are excited to have so many new users who want to join the Bittrex community. To those that want to join our community, we will keep you posted on when we open up registration more broadly. If you already have an account on Bittrex, you will not be affected by this change. Please continue to the log in as you normally do.

If you are a corporate account or a select invitee, please click the button below to apply for a new account. Given the volume of requests, we may not be able to respond to every request for a new account at this time.

[readysalted89]

Bittrex finally opening the door a tiny crack

We are currently only accepting new account requests from our corporate customers and select invitees. We are excited to have so many new users who want to join the Bittrex community. To those that want to join our community, we will keep you posted on when we open up registration more broadly. If you already have an account on Bittrex, you will not be affected by this change. Please continue to the log in as you normally do.

If you are a corporate account or a select invitee, please click the button below to apply for a new account. Given the volume of requests, we may not be able to respond to every request for a new account at this time.

They should solve the tens of thousands of unanswered tickets before accepting new registrations.

[Neo_Coin]

[bitcoinPsycho]

fool

[Elwar]

I think that's a good fair point I hadn't considered before really.  Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value.  I don't think it necessarily applies to the larger cap coins though.  If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.

The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing.

#1 on cmc you say? I'm in. When is the ICO?

[readysalted89]

I think that's a good fair point I hadn't considered before really.  Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value.  I don't think it necessarily applies to the larger cap coins though.  If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.

The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing.

#1 on cmc you say? I'm in. When is the ICO?

I don't think ripple had an ICO.

[JayJuanGee]

fool

Seems to be a kind of wishful thinking that comes from corporate shill bear trolls... They imagine an endless supply of coins that banks might be able to dump, and sure good luck with that. 

Let's take the hypothetical that bearwhales might have 30k BTC that they could dump.  Somehow the bearwhales would have to be able to acquire those 30k coins without significantly moving the price upwards.  I have long had a theory that bearwhales engage in a circular kind of rotation of coins.  They purchase coins off exchanges and then they dump them on exchanges and that way they are continuing to put downwards pressures on the price; however, they can only acquire so many coins over the counter even if they want to continue to operate at a loss in order to attempt to push BTC prices down.

[explorer]

"ECB board member Yves Mersch said on Thursday that “cryptocurrencies” are “not money, nor will they be for the foreseeable future.”"

So we either have a pathological liar or a donkey who doesn't understand what money is in the board of the ECB.
[/quote]
Or just lacks vision.

[Last of the V8s]

@blockchainchick

[DonQuijote]

It will pop back down to 40k, after it pops at around 150k. No source. Just gut feel. No guts no glory!

I like your style, tell me more dude

[mindrust]

Spot on.

I hate these retards more than bcash shills.

[bones261]

Seems to be a kind of wishful thinking that comes from corporate shill bear trolls... They imagine an endless supply of coins that banks might be able to dump, and sure good luck with that. 

Let's take the hypothetical that bearwhales might have 30k BTC that they could dump.  Somehow the bearwhales would have to be able to acquire those 30k coins without significantly moving the price upwards.  I have long had a theory that bearwhales engage in a circular kind of rotation of coins.  They purchase coins off exchanges and then they dump them on exchanges and that way they are continuing to put downwards pressures on the price; however, they can only acquire so many coins over the counter even if they want to continue to operate at a loss in order to attempt to push BTC prices down.

But they do not need 30,000 coins in order to dump 30000 coins. They can have only a fraction of that amount of coin or just a whole lot of fiat, and use margin trading. If their big dump causes a downward reaction, they can make a huge profit if they close their position at the right time. Then they have even more assets to pull off an even bigger short, next time around.

[fabiorem]

7500 unconfirmed transactions... who could think we would be there now, it was 200k two months ago.

[fragout]

Um . Is this latest bounce just part of this downward channel??. Thoughts?