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

[wachtwoord]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

But moving from pow to pos reduces the security and decentralization and therefore lowers the value of the tokens. The logical move would be to sell ETH if you own it.

PoS is a secure method and has been proven we have all seen this, this is a shitty argument. On the flip side I see mainstream investors knows of Bitcoin and Ethereum and also seeing POS as a dividend like system and this leading to an increase in investors buying.

What? Lol no. Ethereum will get more and more centralized, if they adopt pos, and as a result lose security. Distribution is an indispensable property of bitcoin (and ethereum never had enough of it to start with).

[Toxic2040]

Good morning all.


I am sure many of you are saying now what? Well, that is a good question and I think the answer involves some sideways action. We have clearly broken out of the downwards bear channel yet are still below the blow off top downward trend line of 2017. I believe the next couple of months will be navigating around this area until inertia drives us into and over this line. #dyor and buy the dips.

1h


4h




D

#stronghands'19

[vroom]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

But moving from pow to pos reduces the security and decentralization and therefore lowers the value of the tokens. The logical move would be to sell ETH if you own it.

PoS is a secure method and has been proven we have all seen this, this is a shitty argument. On the flip side I see mainstream investors knows of Bitcoin and Ethereum and also seeing POS as a dividend like system and this leading to an increase in investors buying.

What? Lol no. Ethereum will get more and more centralized, if they adopt pos, and as a result lose security. Distribution is an indispensable property of bitcoin (and ethereum never had enough of it to start with).

POS will only increase the nodes which will in turn increase decentralization. Right now everyone just mines it or throws it on a hardware wallet.

I tried to run a ethereum node about 2 years ago and it was a nightmare. Downloading and verifying the blockchain took ages compared to bitcoin. that was 2 years ago, I don't want to know how long it will take now.

[VB1001]

Coinbase Acquires Blockchain Analytics Startup Neutrino

United States cryptocurrency exchange and wallet Coinbase has acquired blockchain intelligence startup Neutrino, according to a post published on the company’s blog on Tuesday, Feb. 19.

https://cointelegraph.com/news/coinbase-acquires-blockchain-analytics-startup-neutrino

https://blog.coinbase.com/welcoming-neutrino-to-coinbase-b3f56171850d

[becoin]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

But moving from pow to pos reduces the security and decentralization and therefore lowers the value of the tokens. The logical move would be to sell ETH if you own it.

PoS is a secure method and has been proven we have all seen this, this is a shitty argument. On the flip side I see mainstream investors knows of Bitcoin and Ethereum and also seeing POS as a dividend like system and this leading to an increase in investors buying.

What? Lol no. Ethereum will get more and more centralized, if they adopt pos, and as a result lose security. Distribution is an indispensable property of bitcoin (and ethereum never had enough of it to start with).

POS will only increase the nodes which will in turn increase decentralization. Right now everyone just mines it or throws it on a hardware wallet.

I tried to run a ethereum node about 2 years ago and it was a nightmare. Downloading and verifying the blockchain took ages compared to bitcoin. that was 2 years ago, I don't want to know how long it will take now.

Ethereum blockchain size is currently about 2TB. Nobody is running full node with few exceptions mainly institutional eth bagholders. This altcoin is already dead. Move on, nothing to see here.

[Last of the V8s]

Going to break 4k, are we?

Didn't we already do that a month or so ago?
I fail to see the wow factor in that, just normal volatility.

It's because we're showing more evidence of it reversing.

Nah, it's too early for that, we have several more months sideways to look forward to.
I'll be glad if I'm wrong, but I'm probably not.

I would say you are both right and wrong

We have bottomed and yes we have several more months of sideways.

pish tosh

I would say you are both right and wrong.

You are right about the sideways.

But there's plenty of room yet for a stab down to the dark side.

I'd even prefer it that way.

I'll bet you a litecoin?

I will take it if Hairy won't.

I will wager 1 LTC we have already seen the bottom of this bear market.  That is, it will not go lower than 3122.

Suggest period of wager is until Dec 31 2019, or we go over 7500 on Stamp in USD (or under 3122) - whichever is sooner?

Edited for clarity.

I will take the bet of 1 LTC that the bottom was $3122 on above terms or whatever else makes sense!

just catching up here and we can sort it. gimme few minutes

[kenzawak]

Binance's  DEX testnet version is out, you can try it here :

https://testnet.binance.org/

[goldkingcoiner]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

This has been said for forever, still nothing. I doubt anything will change.

[becoin]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

This has been said for forever, still nothing. I doubt anything will change.

LOL.
POW is where workers rule.
POS is where rent seekers rule.
You can never create sustainable economy where rent seekers rule!
Ethereum was created as a coin of the people that don't understand monetary theory by the people that don't understand monetary theory for the people that don't understand monetary theory!

[mindrust]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

This has been said for forever, still nothing. I doubt anything will change.

LOL.
POW is where workers rule.
POS is where rent seekers rule.
You can never create sustainable economy where rent seekers rule!
Ethereum was created as a coin of the people that don't understand monetary theory by the people that don't understand monetary theory for the people that don't understand monetary theory!

Yep.

"Arbeit macht frei."

"Work is worship."

"Work work." -Orc Peon

If the product isn't backed by work, it is worthless...

PoS is no any different than owning many real estates and renting them away.

But...

If nobody works... who'll fucking rent the houses??

Fuuuuuuuuuuuuuuuck! Stewpid vitalik.

PoS = RE bubble = ponzi

[sirsplashalot]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

This has been said for forever, still nothing. I doubt anything will change.

LOL.
POW is where workers rule.
POS is where rent seekers rule.
You can never create sustainable economy where rent seekers rule!
Ethereum was created as a coin of the people that don't understand monetary theory by the people that don't understand monetary theory for the people that don't understand monetary theory!

I have to agree, who needs another oligarchy when we have the central banking system? Plus you realize the big Ethereum stakers are all ERC20 ICO Poop Coin issuers.

[Paashaas]

Bitcoin contributes 95% of Bitpay's business.

From advocating bCash now making a U turn. The market has spoken.

https://bitcoinist.com/bitpay-bitcoin-95-business-ceo/

[Last of the V8s]

re: The bottom is in bet.
HairyMaclairy bets that it is.
Last of the V8s bets that it is not.
One litecoin.
I'd rather only bet against Hairy, but thanks for the offers @kurious, @arriemoller.
I'd want no upper limit as was suggested, as I think it could fluctuate higher than that and still come down lower.
Bitstamp low of 3122.
If Bitstamp becomes unavailable, how about preev, bitcoinaverage? some other named exchange?
I'd want a year just to keep it simple, though I do think it could happen later than that (3.7% likelihood for JJG).
Would be happy to send my litecoin to escrow if needed.
Payment in btc equivalent is acceptable. No one actually wants the shitcoin itself.
If that's agreeable...

[El duderino_]

hat update and increasing

   



= COME ON gentlemand !!!
=just a future thing, but this brother will be wearing it

still in progress ? ssmc,bitebits,biodom,majormax,lauda,somac. etc........ pfffffffff   MANY HAT's created THX 

HAT UPDATE TIME ........ again THX XhomerX for this nice work
few more on the page

user count keeps increasing    (i only have the first prints )

[machasm]

re: The bottom is in bet.
HairyMaclairy bets that it is.
Last of the V8s bets that it is not.
One litecoin.
I'd rather only bet against Hairy, but thanks for the offers @kurious, @arriemoller.
I'd want no upper limit as was suggested, as I think it could fluctuate higher than that and still come down lower.
Bitstamp low of 3122.
If Bitstamp becomes unavailable, how about preev, bitcoinaverage? some other named exchange?
I'd want a year just to keep it simple, though I do think it could happen later than that (3.7% likelihood for JJG).
Would be happy to send my litecoin to escrow if needed.
Payment in btc equivalent is acceptable. No one actually wants the shitcoin itself.
If that's agreeable...

Quoted. Good luck guys (I secretly want HM to win though as I can't bear another downward spike).

[El duderino_]

re: The bottom is in bet.
HairyMaclairy bets that it is.
Last of the V8s bets that it is not.
One litecoin.
I'd rather only bet against Hairy, but thanks for the offers @kurious, @arriemoller.
I'd want no upper limit as was suggested, as I think it could fluctuate higher than that and still come down lower.
Bitstamp low of 3122.
If Bitstamp becomes unavailable, how about preev, bitcoinaverage? some other named exchange?
I'd want a year just to keep it simple, though I do think it could happen later than that (3.7% likelihood for JJG).
Would be happy to send my litecoin to escrow if needed.
Payment in btc equivalent is acceptable. No one actually wants the shitcoin itself.
If that's agreeable...

i wanna take same bet micG=HM, who wanna be V8 ?

bet size can be in BTC as well

and what's the timeframe?


in my eye's as V8 as HM are both gentlemen and i HOPE no escrow is needed

an end date is

[infofront]

Can we have a moment of silence (no posts for 60 seconds please kind sirs) in honor of Gembitz and Roach, two fallen bears who gave all they had to a lost cause, only to be liquidated in shame  as their tiny amounts of money were redistributed to wise and noble bulls. 

THIS IS BITCOIN COUNTRY!

They should feel honored that Karhu accepted their blood as a worthy sacrifice.

[Last of the V8s]

fuck i've been haring around today didn't keep an eye on my extensive LTC holdings. coulda sold earlier rebought now and had enough to withdraw to a wallet for this bet.

[infofront]

................
I used the brown color for its likeness to human feces. Or bovine feces, more appropriately.

Thanks for the kind words for having a simple opinion.  Shows your true character,  adios.

You're either a troll or a retard. Either way, you can GTFO.

[JayJuanGee]

The next 24 hours are critical as always. If we keep the momentum, a breakout above 4K  is possible. This will comfirm that we are in a bull market. Longs are pretty high and shorts are low. The support down to $3K is double than the previous 2 weeks - in BFX went from 6K to 11.2K BTC. We didn't have a rise this week, so a breakout is more probable than a long squeeze.  We shall see.

OK, I don't want to brag with my trading skills, but this was a precise hit! Btw, I always like to watch BFX price - it is more bullish than Bearstamp. And we just broke 4K on BFX!!!

They're always $100+ aren't they fake news and a risky exchange to use?

Of course they are risky. I trust only kraken and CB for fiat withrawals. But the fact is that BFX starts almost all pumps and it is more fun to watch than the dull Bearstamp.

We don't watch Bitstamp because of the "fun" or the "no fun," but instead for a desire to attempt to stay in the real world rather than in fantasylandia.

I mean if the rate is real and you can actualy sell BTC at that price why it's a fantasy?

Because you can't sell it for REAL USD that you can properly withdraw to your bank account.

Largely, Bitstamp has been the industry Bitcoin price barometer since about 2013 - and likely it was GOX before that (even though GOX had shenanigans going on during that time frame that became more apparent in early 2014).  Of course, over the years, there has been some efforts to use other exchanges as BTC price barometers, such as chinese exchanges and specifically bitfinex and some indexes, but bitstamp has remained dominant in its bitcoin price barometerability.

At some point, this could change, and surely having an index of exchanges could be a better reflection or bitstamp could fall from its grace due to changes that sometimes could occur as a result of changes in ownership.. and so far, I don't see any reason to dethrone bitstamp from its btc price barometer status.

Yes, prices are real on various other exchanges in the sense that you can exchange at those deviant from bitstamp rates and sometimes you might be able to foresee some short term BTC price movement from other exchanges and also comparing their prices to bitstamp including extent to which they are deviating... yet none of the attempts to engage in cave allegory practices takes away from seeming bitstamp's ongoing ability to serve as a more reliable and reality based BTC price and price direction indicator.