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

[vanobe]

I was so busy looking at pens that I didn't notice bitcoin's broken through the $9000 resistance!

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[Ibian]

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 ?        (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

They sound shit anyway. For $4,950 I would expect a pen that works.


http://www.fountainpennetwork.com/forum/topic/148046-im-less-than-impressed-with-my-pelikan-alexandria/

I recently purchased a Pelikan Alexandria. It's my first Pelikan. I've got about 20 Parker fountain pens along with some Mont Blanc pens and some Cross fountain pens. Anyway, the Alexandria is also my first bottled ink pen. Heretofore, I've used ink cartridges in my pens. The Alexandria has not impressed me so far. Even though I purchased a fine replacement nib from Pelikan for it, it puts entirely too much ink on the paper even though I use a light touch when writing. In addition, I have to shake it to get the ink flow started every time I use it. In addition, I can't seem to get the pen to draw any ink into the chamber. I've been filling it myself with an eye dropper by removing the nib.

Don't spoil the fun by trying to use them.

Dude if I can't use my car-prized pen I might as well put a stack of money on display. And then set 90% of it on fire.

[RoomBot]

I was so busy looking at pens that I didn't notice bitcoin's broken through the $9000 resistance!

That pen is mightier than a sword.   

[Wekkel]

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

[RoomBot]

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

Perhaps.

[HairyMaclairy]

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]

memes are in a downtrend

[HairyMaclairy]

Link to 6 hour meme candles?

[mike4001]

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]

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 ?        (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.

[starmman]

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.]

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]

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]

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.]

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.]

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]

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]

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]

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]

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.