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

[JayJuanGee]

Mmm Nocoiner wedding and a small pump thx for the effort btc ...... 

I'm thinking about your assessment of the real world situation and the prevalence of "no coiners."

Bitcoin continues to have such low adoption (quite less than 1% world wide, and assumingly less than 10% in the even most crypto friendly of quasi-real world locations), that I would be surprised if any wedding had any kind of meaningful number of bitcoin HODLers.  Covertly, there could be a few bitcoin HODLers in your presence.

[JayJuanGee]

Do you guys still consider ethereum an altcoin?

Ethereum is a coin that has no real world purpose, a supposed solution looking for "future use cases and problems" that don't exist.

Apparently it's current and only reason to exist is to allow the creation and trading of other ICO shitcoins, which in turn also have no real reason to exist.

You can debate with me on that if you want. Let's go down the existential rabbit hole together. You'll find that it's turtles all the way down.

Its got an on-chain scaling plan. It can do everything Bitcoin can, and then a lot more.

It's deluded derpinheimer2 bringing knowledge to the bitcoin space one post at a time.    

[coinlocket$]

PUMP time?

[josephpogi]

i am sure that the bottom has already hit ! get ready!

[El duderino_]

Mmm Nocoiner wedding and a small pump thx for the effort btc ...... 

I'm thinking about your assessment of the real world situation and the prevalence of "no coiners."

Bitcoin continues to have such low adoption (quite less than 1% world wide, and assumingly less than 10% in the even most crypto friendly of quasi-real world locations), that I would be surprised if any wedding had any kind of meaningful number of bitcoin HODLers.  Covertly, there could be a few bitcoin HODLers in your presence.

Thats true.....

Better hanging out with my closer friends think 80% are hodling @the moment .... Yes Nice crew down here ( of the closer friends.....)

Just keep spreading   

[Last of the V8s]

Altcoins, tokens, blockchains...

... if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.

Note the date

The objective of this thread is to keep track of the death of altcoins.  My plan is to study how and why they die.  I'll be updating the entries, and posting more complete  notes next to each of these as I investigate and learn things. ...

He went on to list ~1000 dead coins even then.

If someone finds an efficiency or security protocol innovation I think it would be integrated into bitcoin. Almost anything can be integrated, worst case by importing bitcoins utxo into a v2 protocol and new network. This is why I don't think feature coins have a long term value.[ 4 Jul 2018 ]

Note the 'If'.

[Last of the V8s]

https://i.redditmedia.com/yfZ4IiHhSDRVBh_k00Ddm2QttV2se0-5hwX_3F2r2jg.jpg?s=3ddb9c31e8640d509641405376baa560

[DonQuijote]

PUMP time?

Not yet, still bearish

[drays]

$250 move-up in 3 minutes.

I often notice the following pattern in the Bitcoin price: it's quite stable for hours to days, moving sideways, then suddenly it drops or shoots up in a more or less straight line. After that, it continues moving sideways.
How can that be? I can only think its being manipulated by some whale(s) keepingt he price stable until they need change. If there's a different explanation, I'd like to hear it.

Yep, quite distinctive pattern. It seems to be happening in this year's bear market mostly, I didn't notice it showing before.

whales this, whales that...meh

it's just the market

Exactly, more than likely just market buys and sells, probably on behalf of clients.

[...] How can that be?

Some sell and buy a lot more than others. Even when they use multiple exchanges, it does move the price quite a bit. Exchanges (thankfully) also run 24/7 but at some times of the day or days of the week the liquidity is less than ideal. Manipulation depend on what rules you follow. I do reasonably thrust (but never used) exchanges, as in not allowing buy orders without pony up the fiat and not allowing sell orders without having the coins, and also executing order books in the order of bid/ask price.

Also, there is always a bigger fish, so trying to manipulate the price when you think you are big may backfire when it turns out you are not.

If this is normal market behavior caused by bigger buys and sells, then this same behavior should be seen on other markets like stock markets or forex, right? Are there similar patterns visible? I am just asking genuine question, as I did not examine other assets' markets...

[jojo69]

If this is normal market behavior caused by bigger buys and sells, then this same behavior should be seen on other markets like stock markets or forex, right? Are there similar patterns visible? I am just asking genuine question, as I did not examine other assets' markets...

we are tiny compared to those markets

[Last of the V8s]

https://twitter.com/Excellion/status/1028426579158884352

According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.

[turtletime]

If this is normal market behavior caused by bigger buys and sells, then this same behavior should be seen on other markets like stock markets or forex, right? Are there similar patterns visible? I am just asking genuine question, as I did not examine other assets' markets...

we are tiny compared to those markets

Its even much smaller than the listed market cap of 100 bill.  Factor in all the lost bitcoins (millions) and satoshi's million bitcoins (I'm assuming he either trashed the keys or is dead) and the actual market cap is much smaller.

[HairyMaclairy]

https://twitter.com/Excellion/status/1028426579158884352

According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.

It is quite sad to learn that Jihan Wu and Roger Ver have sunk their battleship

[Last of the V8s]

Really quite sad.

[jojo69]

what makes no sense to me is that it was such an obvious loser from the get go, so...why??

I hate things I don't understand

[Last of the V8s]

Their handlers told them they could be in charge of crypto.

[HairyMaclairy]

[Syke]

Altcoins, tokens, blockchains...

... if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.

Note the date

He really called it on that very old quote!

[infofront]

what makes no sense to me is that it was such an obvious loser from the get go, so...why??

I hate things I don't understand

Pure hubris for Ver, with a side of stupidity.
Jihan had a nice hubris and greed casserole, sprinkled with illusory superiority.

A couple years ago, everyone was puffing up Jihan. "He's an expert in game theory," they said. Maybe he believed it.

[Last of the V8s]

Altcoins, tokens, blockchains...

... if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.

Note the date

He really called it on that very old quote!

The first couple of years on here that you guys created is fascinating to me.
I was taught a trick: go to a board and reverse the 'Last post' sorting. Learning a lot.
Do you know what happened to ribuck?