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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 19 (19.6%)
1-10% - 11 (11.3%)
11-20% - 12 (12.4%)
21-30% - 15 (15.5%)
31-40% - 4 (4.1%)
41-50% - 10 (10.3%)
51-60% - 8 (8.2%)
61-70% - 5 (5.2%)
71-80% - 3 (3.1%)
81-90% - 2 (2.1%)
91-99% - 0 (0%)
100% - 8 (8.2%)
Total Voters: 97

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21781041 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. (147 posts by 36 users deleted.)
sirazimuth
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May 09, 2018, 05:24:17 PM

Another big fallacy/delusion in the crypto community is the following (flawed) theory:

1. Bitcoin is a Veblen good due to its strong fundamentals as digital gold 2.0 and as secure value transfer medium. As it's price value increases, more people want it because it's viewed as becoming more valuable. (True)

2. All altcoins' price are somewhat tied to the price of Bitcoin (somewhat true, basically just a trading bot peg, nothing more)

-- thus --

3. All altcoins are also Veblen goods and are thus perceived more valuable as their price increases (Categorically FALSE! They aren't. 99.9999% are outright scams regardless of price, just as they were since their birth. The rest are just also-rans/ clones of Bitcoin.)

Veblencoin Ann coming soon! Cheesy
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Hueristic
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May 09, 2018, 05:33:02 PM

W0W, Nothing gets by these guys!

Quote
The U.S. Federal Reserve system has been very interested in bitcoin lately and has released a bunch of reports from Federal Reserve leaders and researchers from different offices. This past Monday, the Federal Reserve Bank of San Francisco and a professor from Stanford University published a paper that concludes that bitcoin-based futures markets affected the cryptocurrency’s price patterns since Cboe and CME launched the products.

No fucking shit Sherlock. And Gates can't find a place to short, he's just too chicken shit. Lol
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May 09, 2018, 06:07:57 PM
Merited by afbitcoins (1)

No one can get more bearish than Google... Banks seem to be investing quite a lot on SEO. Wink

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May 09, 2018, 06:12:09 PM

https://twitter.com/dougpolkpoker/status/993581533012283393?s=21

Doug polk.... tone vays BET
What idiot would say under 6k ?  Roll Eyes

Polk is a professional poker player (a good one) and thus is likely to play averages for a leveraged payoff.  Prop bets are not typically conservative moves.  That is what he is doing.  He is on the leveraged side of the bet.  If we wins, it is win/win since he is gaining on his BTC stack and also winning the 10k bet.  And he does not think he is going to lose, obviously.  But if he does he loses value and 10k.

Vays is a trader.  He is playing the hedge side of the bet.  In a manner of speaking he cannot really lose (depending on this BTC position).  If BTC goes up he pays Doug off with a portion of his increase.  If BTC goes down he loses value as well, but makes 10k.

The risk taker Poker pro vs. the hedge bet from the pro trader.  Kind of a natural match. 
The bet should have been settled in Bitcoin not dollars. This way is no fun for the reasons you have perfectly explained. Their game, their rules but it would have been far better to have it finished with a bitcoin transaction.
No need to say which side I'm on
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May 09, 2018, 06:16:25 PM
Merited by JayJuanGee (1)

No one can get more bearish than Google... Banks seem to be investing quite a lot on SEO. Wink
Hah..new contrarian indicator?

+1 WOsMerit

Tfw a picture is better than 1000 words.


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May 09, 2018, 07:30:36 PM

Among top ten crypto-currencies (by market-cap), bitcoin still seems the most decentralized.

% of supply owned by the top 100 accounts, standouts:
- Bitcoin 19%
- Ethereum 35%
- Ripple 98%
- Bitcoin Cash 25%
- Stellar 95%
- IOTA 62%
- NEO 70%

Source: https://arewedecentralizedyet.com/

Gotta get rid of my Stellars for sure.


Dash with 14% is the more decentralized, but have less nodes.

I am not sure if my memory is serving me right or not, but didn't the Dash devs have a 2 million coin premine? Or something to that affect? Have they sold their holdings or done some sort of redistribution?

Any sane entity distributes their transparent chain coins among many wallets.  These measures have little relevance to the real distribution, or lack of.
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May 09, 2018, 07:40:19 PM

Among top ten crypto-currencies (by market-cap), bitcoin still seems the most decentralized.

% of supply owned by the top 100 accounts, standouts:
- Bitcoin 19%
- Ethereum 35%
- Ripple 98%
- Bitcoin Cash 25%
- Stellar 95%
- IOTA 62%
- NEO 70%

Source: https://arewedecentralizedyet.com/

Gotta get rid of my Stellars for sure.



Dash with 14% is the more decentralized, but have less nodes.

I am not sure if my memory is serving me right or not, but didn't the Dash devs have a 2 million coin premine? Or something to that affect? Have they sold their holdings or done some sort of redistribution?

Any sane entity distributes their transparent chain coins among many wallets.  These measures have little relevance to the real distribution, or lack of.

And in the case of dash there is a STRONG incentive to do so to run as many masternodes as you can with your stash.
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May 09, 2018, 07:46:02 PM

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May 09, 2018, 08:04:43 PM

Dash is a bad imitation of monero and I do believe having a transparent blockchain is a good thing.

As long as you don't make any public claims that you own the address you really own, nobody can know it that you really own it. In that way bitcoin is semi-anonymous and it is both government friendly and not at the same time. Whether if people prefer to stay anonymous or not, the decision belongs to them.

It is just like creating a facebook page. You can put your real information on the platform or you can create a complete fake one with lulzy information. There is a choice and I like it. (not fb obviously, fuck suckerberg)
bitserve
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May 09, 2018, 09:07:30 PM
Last edit: May 09, 2018, 10:32:10 PM by bitserve

3000!

Yeah, the number of Bitcoin atm's worldwide is now over 3000. Exactly 3007. And the growth rate is now at an average of 10.43 new ones each day (average for the past week).

Let's just remind it was 2000 at 1 January 2018. A 50% increase in just 4 months.

It also was also around 1000 at  January 2017. So A 100% increase in 2017.

And around 500 at the beginning of 2016... which means 2016 also experienced a doubling.

It is almost a sure thing we will end this year over 5000, with a good probability for even more. So way more than double for this year alone... and we can conclude the rate is increasing somewhat exponentially.

This is ADOPTION guys.

Source: https://coinatmradar.com/charts/#growth
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May 09, 2018, 09:09:30 PM
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lol
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May 09, 2018, 09:11:49 PM


Can we put the dash trash to rest. It will die a natural slow dead in the years ahead. With the aid of the masternodes the unfortunate early mining mishap amounts to 5 million coins by now.
Lets focus on cryptos positives and the fact that Bitcoins coin emission in 2024 is about 0.8% and continue to half every 4 years.
Dash's metrics are such that at that time i still emits high 3,xx% and as such is pure rat poison from 2020 onwards.
Loosing more than 3% of your wealth per year is has no future considering with fiat, ripple, stellar you "only" loose 2,xx% and with dogecoin less than that.  
Its a joke of a cryto and cant even withstand a simple toothpick attack.

In Bitcoin land things will escalate very fast after next 1-2 halving s..
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May 09, 2018, 09:57:51 PM

How long until BTC ATMs reach page count parity here?
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May 09, 2018, 10:15:27 PM

How long until BTC ATMs reach page count parity here?

Around 3 years at current growth rate (for both ATM's and WO pages). But the ATM growth rate is increasing too.
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May 09, 2018, 10:28:38 PM

Dash is a bad imitation of monero and I do believe having a transparent blockchain is a good thing.

As long as you don't make any public claims that you own the address you really own, nobody can know it that you really own it. In that way bitcoin is semi-anonymous and it is both government friendly and not at the same time. Whether if people prefer to stay anonymous or not, the decision belongs to them.

It is just like creating a facebook page. You can put your real information on the platform or you can create a complete fake one with lulzy information. There is a choice and I like it. (not fb obviously, fuck suckerberg)

Agree with most of that except the opening. Dash is nothing like Monero and not trying to be.
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May 09, 2018, 11:06:15 PM

Just some interesting things I am looking at today.

Have not tried this but it might be something to look into.
https://hackernoon.com/how-to-setup-bitcoin-historical-price-data-for-algo-trading-in-five-minutes-485cd5a0b3ed

Some current ownership stats.
https://medium.com/daliaresearch/how-many-people-actually-own-cryptocurrency-4ff460301520









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May 10, 2018, 12:05:22 AM
Merited by JayJuanGee (1)

 I have trouble believing 9% of the US population owns crypto.  

That’s 30 million people.  Coinbase has 11 million active users including a large proportion of foreign users.  So maybe 9 million US users which is 2.7% of the population and instinctively feels more realistic.
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May 10, 2018, 12:08:32 AM

I have trouble believing 9% of the US population owns crypto.  

That’s 30 million people.  Coinbase has 11 million active users including a large proportion of foreign users.

They surveyed 29,000 people from all over the world who are internet connected. That's actually considerably more than the average survey but still a pitifully small spread. A significant proportion of Americans probably believe the internet harbours Satan.

 I've never understood why anyone pays attention to surveys unless they personally visit every single person in the country. Pollsters can kiss my silky buns too.
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May 10, 2018, 12:56:55 AM

Those stats are pure bullshit.  Not a chance 50% of the world is knowledgeable about crypto.  Only a small percentage of woman are into crypto, which just about destroys that stat.
I would guess less than 2-5% of North Americans could explain what Bitcoin public and private keys are and how they are used.  I would consider that topic crypto 101.
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May 10, 2018, 01:02:05 AM

Some of the stats are accurate however.  Such as women and men in Asia more equally holding crypto and knowledge of.
I still find studies like this interesting even if the results are skewed.  One thing for sure... its a growing space!
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