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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 22 (18.6%)
1-10% - 15 (12.7%)
11-20% - 14 (11.9%)
21-30% - 16 (13.6%)
31-40% - 6 (5.1%)
41-50% - 12 (10.2%)
51-60% - 9 (7.6%)
61-70% - 5 (4.2%)
71-80% - 4 (3.4%)
81-90% - 2 (1.7%)
91-99% - 3 (2.5%)
100% - 10 (8.5%)
Total Voters: 118

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21785710 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.)
mindrust
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April 29, 2018, 11:14:32 AM
Last edit: April 29, 2018, 11:26:07 AM by mindrust

Go look at btc dominance and tell me more about a limited supply.

I don't understand the question.
BTC dominance have nothing at all to do with the price.


The relevance is, if someone wants to use crypto they are not forced to use bitcoin, and altcoins absorb market cap that bitcoin could have had, lowering bitcoin's price in the long run and also removing arguments about scarcity because crypto is anything but scarce now.

That's where user adoption becomes important.

They don't have to use bitcoin but not all sellers will be accepting and building infrastructure for every shit coin there is. The winner in the space is obviously bitcoin. Rest are scams which are trying to trick you into buying shitcoins while giving the hopes of getting more bitcoins later.

Like hairy said, there simply shouldnt be any other coin above zero other than XMR, BTC and ETH right now but there are. Because free market & competition.

If EOS (or the other competitor) convinces people into using their platform rather than using ETH, ETH will die.

Same can happen to bitcoin too *god forbid* if bcash succeeds.  Grin

When the markets gets saturated, when these big projects suck every FIAT in, when there is no room for growth left for the crypto industry, only then these small coins will die.

While we are in a major crypto bull market, nobody should be expecting of any competing projects to die easily unless it is an obvious ponzi scheme like bitconnect. (which lasted very long btw)
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TERA2
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April 29, 2018, 11:27:30 AM

Bitcoin may be the first mover. Bitcoin may be able to integrate features of other coins. Bitcoin may DESERVE to be the only coin. But the fact of the matter is that nobody is forced to use the real bitcoin, and most people dont even know what a real bitcoin is nor would they feel any moral obligation to use the real bitcoin even if they knew what it was, ESPECIALLY if another coin confirms faster or is easier to use. I am guilty of using alts myself just for exchange transfer (but not holding). USD is the main currency in the US because of laws. There is no such law for Bitcoin. There is no way we can force or compel the average user to use the real bitcoin. There isn't a technical solution for this. That's a job for social engineering which is not our specialty and the competition will have that locked down.
El duderino_
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April 29, 2018, 11:28:57 AM

Go look at btc dominance and tell me more about a limited supply.

Show me a coin other than BTC, ETH or XMR that deserves to have a value above zero.

I would Just be thinking for This moment the alts that i have  Roll Eyes ....... but to be very clear i have about 90% or more in BTC
El duderino_
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April 29, 2018, 11:32:11 AM

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

You can be faster in Thailand than you know  Grin
Arriemoller
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April 29, 2018, 11:39:35 AM

Go look at btc dominance and tell me more about a limited supply.

Show me a coin other than BTC, ETH or XMR that deserves to have a value above zero.

Kittehcoin, because kitties are soo cute.
Arriemoller
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April 29, 2018, 11:43:56 AM

Go look at btc dominance and tell me more about a limited supply.

I don't understand the question.
BTC dominance have nothing at all to do with the price.


The relevance is, if someone wants to use crypto they are not forced to use bitcoin, and altcoins absorb market cap that bitcoin could have had, lowering bitcoin's price in the long run and also removing arguments about scarcity because crypto is anything but scarce now.

That's like saying that the price of a Rolex will tank if there are too many other watch brands on the market.
The price of a Rolex has nothing to do with the price or volume of a Timex.
TERA2
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April 29, 2018, 11:48:38 AM

Go look at btc dominance and tell me more about a limited supply.

I don't understand the question.
BTC dominance have nothing at all to do with the price.


The relevance is, if someone wants to use crypto they are not forced to use bitcoin, and altcoins absorb market cap that bitcoin could have had, lowering bitcoin's price in the long run and also removing arguments about scarcity because crypto is anything but scarce now.

That's like saying that the price of a Rolex will tank if there are too many other watch brands on the market.
The price of a Rolex has nothing to do with the price or volume of a Timex.
Rolex watches are collectors items (not utility) and timex watches are used for telling time. Rolex and timex are not in any competition or similarity at all. The total market cap of all rolex watches is less than $1B and money supply is not a limiting factor. Rolex and timex are not competing to be the entire money supply. This analogy makes no sense.
mindrust
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April 29, 2018, 11:52:22 AM

Rolex watches are collectors items (not utility) and timex watches are used for telling time. Rolex and timex are not in any competition or similarity at all. The total market cap of all rolex watches is less than $1B and money supply is not a limiting factor. Rolex and timex are not competing to be the entire money supply. This analogy makes no sense.

Actually it kinda makes sense to me. If Nobody buys Rolex, Rolex as a company that mints Rolexcoins will go out of business.

Just like Gibson as a guitar company who mints GibsonCoins is about to go out of business because nobody's buying their overpriced coins anymore while there are Chinese/Japanese models which do the same thing (creating sounds) for a lot cheaper price.

https://www.cnbc.com/2018/02/19/guitar-company-gibson-reportedly-facing-bankruptcy.html

Arriemoller
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April 29, 2018, 11:57:38 AM

Go look at btc dominance and tell me more about a limited supply.

I don't understand the question.
BTC dominance have nothing at all to do with the price.


The relevance is, if someone wants to use crypto they are not forced to use bitcoin, and altcoins absorb market cap that bitcoin could have had, lowering bitcoin's price in the long run and also removing arguments about scarcity because crypto is anything but scarce now.

That's like saying that the price of a Rolex will tank if there are too many other watch brands on the market.
The price of a Rolex has nothing to do with the price or volume of a Timex.
Rolex watches bitcoins are collectors items (not utility) and timex watches shitcoins are used for telling time nothing really. Rolex bitcoin and timex shitcoins are not in any competition or similarity at all. The total market cap of all rolex watches bitcoin is less than $1B a figure I don't know and money supply is not a limiting factor. Rolex bitcoin and timex shitcoins are not competing to be the entire money supply. This analogy makes no total sense.
pacman7331
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April 29, 2018, 12:22:24 PM

Is this a weekend dump? Where’s the bottom?
Arriemoller
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April 29, 2018, 12:25:10 PM

Is this a weekend dump? Where’s the bottom?

It's up some four percent on the three day chart right now, not exactly a dump.
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April 29, 2018, 12:37:15 PM
Merited by RewFrew (1)

Well.. Most of optimistic holders right there were not expecting bitcoin to break 3.000$ after a dump from 2.980$ to 1.800$ and go as high as 20.000$ 4 months later.

The average optimistic bitcoin projections after we break 3.000$ was 5.000$ for the end of 2018, and we know what happens.. bitcoin goes x4 of that average expectation.

Now also we are in the same situation. A pullback from 20.000$ to 6.000$ Then a try to retest the 20.000$ and go above in next weeks.

Again the average optimistic holders are praying for a price of 20.000$ again before end of 2018. So maybe we are going to make x4 of the average expectation before end of 2018 For a bitcoin price of 80.000$.

When/If bitcoin gonna hit 80.000$ the very big hedge funds and the richest persons are going to enter the market. This gonna coincide with a bitcoin pullback from 80.000$ to 40.000$ only because this time there are the richest persons in the world  willing to buy bitcoin after bitcoin going to be the number one on internet trends from here. So.. its going to be a very big support, and from there the real big boom gonna happend ( duo to the amazing big big bang money coming) and take bitcoin price from 40.000$ to 500.000$ before end of 2019 And then bitcoin officially recognised as the new GOLD and all the powers gonna submit to the new worldwide king.

Thats my projection.

I know it sounds like impossible, but with bitcoin all is possible. He goes from cents to 20.000$ in 7 Years and you think its impossible he make X25 in 2 years from the 20.000$ registred on december 2017 to december 2019?





I like your way of thinking. Sometimes we are too consumed by the short term charts and miss the big picture. If we keep our faith in what seems impossible now, we will be rewarded sooner or later.
xhomerx10
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April 29, 2018, 12:39:50 PM

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

 That's pretty generic.  What kind of monger would you like to be?  Fearmonger?
El duderino_
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April 29, 2018, 01:23:17 PM

Is BTC going to crack the 10k This week once again...? I wouldn’t mind @all  Roll Eyes
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April 29, 2018, 01:33:46 PM

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

 That's pretty generic.  What kind of monger would you like to be?  Fearmonger?

This is a sex thing, if I'm not mistaken..
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April 29, 2018, 01:50:25 PM

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

 That's pretty generic.  What kind of monger would you like to be?  Fearmonger?

This is a sex thing, if I'm not mistaken..

 I am so out of touch...  Cry
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April 29, 2018, 02:09:59 PM
Last edit: April 29, 2018, 02:49:05 PM by Torque

There will come a point when every single ERC20 hasn’t delivered on its roadmap and people will start to wisen up.  As one example, the market is saturated with Storj copycats.  You aren’t going to get people excited about decentralized storage anymore.  

I haven’t seen any convincing arguments about why VEN needs a blockchain and how they will stop corrrupt data being entered onto the chain. BCH, EOS and ADA are obvious scams, IOTA couldn’t untangle itself from a wet paper bag and I don’t need to discuss XRP, XLM or TRX.  

There really isn’t anything else useful or helpful that I have seen anywhere in the cryptosphere.  Happy to be told I am wrong and am missing things and for those things to be pointed out.

You are not wrong. Buying/trading for and holding some obscure crypto coin or token, on promises and wishful thinking that its supposed features will cause it to skyrocket in popularity in the future (with no parameters that define when "future" comes), is just the stupidest mentality imaginable. It's like a mental sickness.

It's like those clueless investors that pumped hundreds of millions of dollars into Theranos, keeping them afloat for a decade but never questioning that they're IP was complete vaporware and fraudulent.

I'm surprised there isn't a shitcoin yet that purports to one day cure cancer "in the future". I'm sure it would be quite popular with the crypto idiots.

Bitcoin has proven its usefulness as a secure, decentralized means of value exchange and ability to store value *now*, today.
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April 29, 2018, 02:26:45 PM


Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.


Saw a man today (around 45-50) in Phuket riding a Harley wearing a cap with bitcoin logo on it. He had a young chick in the back, aged maybe around 20y. Wonder if he's someone from the forum Smiley
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April 29, 2018, 02:50:40 PM

Hello again.
Looking at a nice rising wedge to take us into the work week. By mid-week it appears price will head towards and test resistance above. Volatility looks to still be in play as we close out the work week Friday. #dyor

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April 29, 2018, 02:52:23 PM
Last edit: April 29, 2018, 03:04:19 PM by Anon136
Merited by RewFrew (1)

Buying/trading for and holding some obscure crypto coin or token, on promises and wishful thinking that its supposed features will cause it to skyrocket in popularity in the future (with no parameters that define when "future" comes), is just the stupidest mentality imaginable. It's like a mental sickness.
Worked well enough for me with IOTA, Monero, NXT and Bitcoin. Bitcoin was definitely "some obscure crypto coin" when I first arrived here.
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