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

[Robin,Hood]

My thoughts for the moment (alts not joining this rally so I expect a dud):

Does anyone know the exact relationship between alt coins and bitcoin, except that bitcoin is the dog and altcoins are the tail?  At the same time, alt coins can lead a rally or they can trail a rally or they might not come along because there is more froth in them, so I do not deny any relationship between alts and bitcoin, but I doubt that the mere fact that they are not coming along would preclude bitcoin from rallying and continuing to rally.

For other reasons, including the fact that we seem to be in a consolidation zone that might not be easy to break out of, I do agree with any assertion that BTC might not go directly up from here and break above $8,600, for example... so maybe now, our consolidation zone has moved to a range of $7,000 to $8,600, so accordingly, there would not be any reason to write home (or to get excited) about any movement within such current consolidation range.

Some do come along give me a little while i will update.

[mymenace]

The Shady History of Brock Pierce
https://www.reddit.com/r/btc/comments/7qlfqn/brock_pierce_chairman_of_the_board_of_directors/
Roger knows Brock right
What paid shills here are keeping quiet, speak up
Money is missing - thousands of users, customers, investors.

And paid shills want to support this guy,  

We are Satoshi We see all We do not forget
This market is about to go through some dramatic changes
All good and well if we knew, only those in the know understand how it all transitions.

Future proves past

[Rosewater Foundation]

Advanced Supersonic Aluminum Nazi

It's all synchromystic, do you see?

[mymenace]

The Shady History of Brock Pierce
https://www.reddit.com/r/btc/comments/7qlfqn/brock_pierce_chairman_of_the_board_of_directors/
Roger knows Brock right
What paid shills here are keeping quiet, speak up
Money is missing - thousands of users, customers, investors.

And paid shills want to support this guy,  

We are Satoshi We see all We do not forget
This market is about to go through some dramatic changes
All good and well if we knew, only those in the know understand how it all transitions.

Future proves past

notice no reference to money, blockchain evidence

its all conspiracy theory

Future proves past

Nice plan by the way. lets go, We do see all+, stay up all night with your paid shills on it

[cAPSLOCK]

Two things...


GO BITCOIN GO!

DIE BCASH DIE!

[Last of the V8s]

https://medium.com/tron-foundation/letter-to-the-community-bittorrent-acquisition-ae325875e6b9
 

[Wekkel]

https://medium.com/tron-foundation/letter-to-the-community-bittorrent-acquisition-ae325875e6b9
 

Pure marketing.

[JayJuanGee]

My thoughts for the moment (alts not joining this rally so I expect a dud):

Does anyone know the exact relationship between alt coins and bitcoin, except that bitcoin is the dog and altcoins are the tail?  At the same time, alt coins can lead a rally or they can trail a rally or they might not come along because there is more froth in them, so I do not deny any relationship between alts and bitcoin, but I doubt that the mere fact that they are not coming along would preclude bitcoin from rallying and continuing to rally.

For other reasons, including the fact that we seem to be in a consolidation zone that might not be easy to break out of, I do agree with any assertion that BTC might not go directly up from here and break above $8,600, for example... so maybe now, our consolidation zone has moved to a range of $7,000 to $8,600, so accordingly, there would not be any reason to write home (or to get excited) about any movement within such current consolidation range.

Some do come along give me a little while i will update.

I doubt that there is any kind of lasting pattern, but I suppose that correlations can exist on a short-term basis - while the overall theory remains that a large majority of the value from the various alt coins is going to flow into bitcoin - even though some of the coins might be able to find persistent use cases (beyond pump and dump) to give them longer term value, but even then, it is likely that Bitcoin will absorb them too.... one of the problem of the relatively long phases of development and adoption is that it can take so long for the new use case or even building upon use case to play out, before it gets absorbed into bitcoin, and also a lot of us might be dead before we really witness any kind of meaningful consolidation into bitcoin - talking 40-50 years.. but surely in the mean time there are likely ways to profit from shorter term correlations that have existed and are likely to continue to exist, even if there may be some revolving door aspects regarding which coins are providing which values that might go beyond pure speculation.

[JayJuanGee]

The Shady History of Brock Pierce
https://www.reddit.com/r/btc/comments/7qlfqn/brock_pierce_chairman_of_the_board_of_directors/
Roger knows Brock right
What paid shills here are keeping quiet, speak up
Money is missing - thousands of users, customers, investors.

And paid shills want to support this guy,  

We are Satoshi We see all We do not forget
This market is about to go through some dramatic changes
All good and well if we knew, only those in the know understand how it all transitions.

Future proves past

Some of your WO-bot staple slogans are starting to wear.

Pro-tip (just saying that to be snotty)... you better rotate the algorithm onto some new stupid ass, nonsensical talking point.. and yeah, quoting yourself over and over and over is really helpful to get the WO-bot word out there into the ether.

[mymenace]

The Shady History of Brock Pierce
https://www.reddit.com/r/btc/comments/7qlfqn/brock_pierce_chairman_of_the_board_of_directors/
Roger knows Brock right, What paid shills here are keeping quiet, speak up
Money is missing - thousands of users, customers, investors.

And paid shills want to support this guy,       ~satoshi~

Future proves past

Notice no reference to money, blockchain evidence, its all conspiracy theory
Future proves past         Nice plan by the way. Lets go, we do see all+, stay up all night with your paid shills on it.

Now

Here is where it gets interesting.

Who is the moderator on Reddit called memorydealers?
Why is this story allowed to be on the board?
Why does the story not mention where money goes?
Who supported the Clinton Foundation?
Whose foundation to another foundation ended up with the money?
Why is Roger the angel investor for all past corrupt start-ups?
Why do some shills keep quiet?
Why do some shills rant?
Why do shills keep implicating them self ? - Future proves past  



Sure lets turn it up a notch super quote on super quote  

When you see it  

[JayJuanGee]

https://medium.com/tron-foundation/letter-to-the-community-bittorrent-acquisition-ae325875e6b9
 

Whoaza!!!!!  Someone is claiming to be more decentralized than bitcoin.

Is it true, is it true?

[Elwar]

My thoughts for the moment (alts not joining this rally so I expect a dud):



We have about 12-14 days now to set the "2nd top" which should roughly come out at $8,4xx again. Then, I make my move 

Even if we see a move downward, if you notice the angle of the downward moves they are leveling out.

Either we've reached the bottom of the cup and are moving up or we are about to form the bottom of the cup. Either way, the handle of the cup is followed by moon.

[gentlemand]

https://medium.com/tron-foundation/letter-to-the-community-bittorrent-acquisition-ae325875e6b9
 

Very sensible. Make lord knows how much from your shitcoin. Use your money, or rather everyone else's, to buy your way into long standing legitimacy. V clever move.

I don't get how it's supposed to make any money but I doubt they care. It's something to point to.

[Robin,Hood]

My thoughts for the moment (alts not joining this rally so I expect a dud):

Does anyone know the exact relationship between alt coins and bitcoin, except that bitcoin is the dog and altcoins are the tail?  At the same time, alt coins can lead a rally or they can trail a rally or they might not come along because there is more froth in them, so I do not deny any relationship between alts and bitcoin, but I doubt that the mere fact that they are not coming along would preclude bitcoin from rallying and continuing to rally.

For other reasons, including the fact that we seem to be in a consolidation zone that might not be easy to break out of, I do agree with any assertion that BTC might not go directly up from here and break above $8,600, for example... so maybe now, our consolidation zone has moved to a range of $7,000 to $8,600, so accordingly, there would not be any reason to write home (or to get excited) about any movement within such current consolidation range.

Some do come along give me a little while i will update.

I doubt that there is any kind of lasting pattern, but I suppose that correlations can exist on a short-term basis - while the overall theory remains that a large majority of the value from the various alt coins is going to flow into bitcoin - even though some of the coins might be able to find persistent use cases (beyond pump and dump) to give them longer term value, but even then, it is likely that Bitcoin will absorb them too.... one of the problem of the relatively long phases of development and adoption is that it can take so long for the new use case or even building upon use case to play out, before it gets absorbed into bitcoin, and also a lot of us might be dead before we really witness any kind of meaningful consolidation into bitcoin - talking 40-50 years.. but surely in the mean time there are likely ways to profit from shorter term correlations that have existed and are likely to continue to exist, even if there may be some revolving door aspects regarding which coins are providing which values that might go beyond pure speculation.

This is how the market moved since beginning of year.
Some coins (i have no data but know) are well ahead, like 5 times up from beginning of year but with no volume.
Of the coins listed Eos, Stellar, Ethereum, Bitcoin and Ethereum classic are better as the market as a whole at this stage.
Stellar is on course to re-lease/sell about 1% of total coin this year, Eth ~5 and BTC over 3. actually: https://i.imgur.com/RMgWIv5.png
In midfield is Neo, Litecoin, Monero, Dogecoin, Namecoin, Peercoin all crammed togeter and also Bitcoin Cash
Namecoin, Peercoin just moving about and go nowhere still in the 1-2 dollar range after all the years.
Struggling is Cardano, Dash, Blackcoin (defibrillator got him back alive) ripple and nem
Unfortunate we lost Nano and Nxt

Edit; Slight correction on Stellar start
https://i.imgur.com/yBIADU7.jpg

[infofront]

https://www.forbes.com/sites/investor/2018/07/24/trade-war-will-launch-bitcoin-as-the-new-gold/#42e70c711c32
r0ach lol

Good article. That was an explanation for the recent rally that I hadn't heard before.

Really, I thought that was pretty common knowledge? I remember the merits of gold vs fiat vs bitcoin being discussed quite a bit in the first years after I joined, with comparisons like this going about:

Also sites like forbes with their popups and random page scrolling are fucking awful to use, wasted a few minutes trying to find where I was interrupted at one point. Just another reason nobody likes them anymore.

The fact that bitcoin is a better gold than gold is not new. The part that surprised me was that the wealthy Chinese elite have very recently been putting $Billions into bitcoin as a safe haven asset in lieu of gold.

Edit: In case you're having trouble reading the article, it argues that the recent Bitcoin pump was caused by wealthy Chinese elites with insider information. They caught wind that China would begin massively devaluing the yuan due to the trade war with the US, so they fled to bitcoin to preserve their wealth.

[infofront]

New from Masterluc:
 

Six months have passed since the beginning of the correction, there are still as many. Sewers did not want to fall. Bitcoin too. The longer we hold at current levels, the higher the probability of falling to new bottoms.

I think there will be a multi-month outset. Time is now against the bears.
Correction: so BELOW the probability of falling

If we have any Russian speakers here, perhaps we can get a better translation. Here is the original quote:

Пoлгoдa пpoшлo c нaчaлa кoppeкции, ocтaлocь eщe cтoлькo жe. Cтoки pacxoтeли пaдaть. Биткoин тoжe. Чeм дoльшe мы дepжимcя нa тeкyщиx ypoвняx, тeм вышe вepoятнocть пaдeния нa нoвыe низы.

Я дyмaю бyдeт мнoгoмecячный бoкoвик. Bpeмя тeпepь пpoтив мeдвeдeй.

Пoпpaвкa: тeм HИЖE вepoятнocть пaдeния
 

[JayJuanGee]

My thoughts for the moment (alts not joining this rally so I expect a dud):

Does anyone know the exact relationship between alt coins and bitcoin, except that bitcoin is the dog and altcoins are the tail?  At the same time, alt coins can lead a rally or they can trail a rally or they might not come along because there is more froth in them, so I do not deny any relationship between alts and bitcoin, but I doubt that the mere fact that they are not coming along would preclude bitcoin from rallying and continuing to rally.

For other reasons, including the fact that we seem to be in a consolidation zone that might not be easy to break out of, I do agree with any assertion that BTC might not go directly up from here and break above $8,600, for example... so maybe now, our consolidation zone has moved to a range of $7,000 to $8,600, so accordingly, there would not be any reason to write home (or to get excited) about any movement within such current consolidation range.

Some do come along give me a little while i will update.

I doubt that there is any kind of lasting pattern, but I suppose that correlations can exist on a short-term basis - while the overall theory remains that a large majority of the value from the various alt coins is going to flow into bitcoin - even though some of the coins might be able to find persistent use cases (beyond pump and dump) to give them longer term value, but even then, it is likely that Bitcoin will absorb them too.... one of the problem of the relatively long phases of development and adoption is that it can take so long for the new use case or even building upon use case to play out, before it gets absorbed into bitcoin, and also a lot of us might be dead before we really witness any kind of meaningful consolidation into bitcoin - talking 40-50 years.. but surely in the mean time there are likely ways to profit from shorter term correlations that have existed and are likely to continue to exist, even if there may be some revolving door aspects regarding which coins are providing which values that might go beyond pure speculation.

This is how the market moved since beginning of year.
Some coins (i have no data but know) are well ahead, like 5 times up from beginning of year but with no volume.
Of the coins listed Eos, Stellar, Ethereum, Bitcoin and Ethereum classic are better as the market as a whole at this stage.
Stellar is on course to re-lease/sell about 1% of total coin this year, Eth ~5 and BTC over 3. actually: https://i.imgur.com/RMgWIv5.png
In midfield is Neo, Litecoin, Monero, Dogecoin, Namecoin, Peercoin all crammed togeter and also Bitcoin Cash
Namecoin, Peercoin just moving about and go nowhere still in the 1-2 dollar range after all the years.
Struggling is Cardano, Dash, Blackcoin (defibrillator got him back alive) ripple and nem
Unfortunate we lost Nano and Nxt

https://i.imgur.com/EznrMNm.jpg

Even though I appreciate that you attempted to lump coins based on recent market performance, I would rather see some other ways of categorizing them - because some of them are larger scams than others, and bitcoin does not fit in the scam department, so maybe a scam index would be more helpful, especially since we are in a bitcoin thread  and we are attempting to figure out the extent to which any of the coins might affect BTC performance - in one direction or another.  Furthermore, some of the market cap and even price performance based on manipulation of supply can be really misleading in terms of whether there is any substance at all to their placement on the market cap listing.

By the way, I saw that one of the ETF applications was requesting to be a top 10 cryptos ETF, and it seems that they were going to attempt to determine which coins to have in their multiple crypto ETF based on market cap.. what a BIG ass possible quagmire that would be difficult to understand if any ETF is going to be approved based on such a manipulatable index.

[Anon136]

The fact that bitcoin is a better gold than gold is not new. The part that surprised me was that the wealthy Chinese elite have very recently been putting $Billions into bitcoin as a safe haven asset in lieu of gold.

Yea... I'm beginning to question the validity of some of my earlier arguments and positions. New developments, particularly around lightning, and the settling down of internal political strife, have made me more bullish on bitcoin dominance. I am still skeptical of the ability of the DLT sector to replace gold unless the DLT sector is firmly dominated by a single project over a long period of time. But I am a lot less skeptical of the idea that the DLT sector will actually be dominated by a single project for a long period of time (bitcoin).

[Last of the V8s]

New from Masterluc:
 

Six months have passed since the beginning of the correction, there are still as many. Sewers did not want to fall. Bitcoin too. The longer we hold at current levels, the higher the probability of falling to new bottoms.

I think there will be a multi-month outset. Time is now against the bears.
Correction: so BELOW the probability of falling

If we have any Russian speakers here, perhaps we can get a better translation. Here is the original quote:

Пoлгoдa пpoшлo c нaчaлa кoppeкции, ocтaлocь eщe cтoлькo жe. Cтoки pacxoтeли пaдaть. Биткoин тoжe. Чeм дoльшe мы дepжимcя нa тeкyщиx ypoвняx, тeм вышe вepoятнocть пaдeния нa нoвыe низы.

Я дyмaю бyдeт мнoгoмecячный бoкoвик. Bpeмя тeпepь пpoтив мeдвeдeй.

Пoпpaвкa: тeм HИЖE вepoятнocть пaдeния
 

Six months have passed since the beginning of the correction, with maybe as many yet to come. Stocks stopped wanting to fall. Bitcoin too. The longer we hold at current levels, the higher the probability of falling to new bottoms.
I think there will be many months of sideways. Time is now against the bears.
Correction: the lower the probability of falling

[bitserve]

[... nonsense delirant rambling removed ...]

Queue the wall of text     Future proves past

Shit posting below continues.

With all due respect, can you stop the retardness already?