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

[cAPSLOCK]

So if we break 8.5k its likely going to 10k?

I think 8.4 is enough.

That said, I think there is a good chance we go 7.6k -> 6.4k first.

[1714321097]

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[1714321097]

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[lightfoot]

Still nice to see 8000, and no images of boobs either.

Ah well.

[marcus_of_augustus]

Sorry shitcoin pumpers this next wave is going to be all about the KING BITCOIN ... maybe some stablecoin fun and games.

Bitcoin has sidecoins, Liquid, Lightning and Rootstock (ethereum layer on bitcoin) and others ... it doesn't need this mythical 'forest of shitcoins' full of scammers and charlatans. Shitcoins have been a net detractor from crypto with the amount of pure fraud, confusion and distrust they have fostered in the 'space'.

https://www.youtube.com/watch?v=fAuCtGJbP8c

... the other problem with shitcoins is they are still new and haven't been through the devastating bear markets bitcoin has suffered through. By riding on the coat tails of bitcoin's recent bull waves so far they have avoided the worst tests ... that sheltered, charmed run for the shitcoin kidz is over.

The institutions are finally figuring it out that it really is all about bitcoin and building trading, exchange, settlement and international transmittance layers on top of Bitcoin. Why wouldn't you choose the most secure network? Proof of stake is an unproven game at this stage and most shitcoins have excessively centralised development and governance structures, do not trust the shitcoins is the resounding message after the numerous ICO debacles.

https://youtu.be/SmjUvdJdlDM?t=353

only bitcoin, no other crypto crap

[jojo69]

Why wouldn't you choose the most secure network?

warrants some emphasis

[yefi]

So all in all I wouldn't p*ss on the potato patch that you're growing in if I were you. (I also make the same case in reverse to sh*coin maximalists by the way - for the same reasons).

I'm no horticulturist, but isn't urine actually a good fertilizer? Hence, you would want to piss on your potato patch?

[Hueristic]

That’s all very good and well.  But the only alt coins that have shown any value to date so far are stable coins.  And even they are quite dubious.  Tether and Dai have shown us that current stable coins are not stable.  They had one job....

Until we have at least one alt coin which has achieved something, I’m afraid your argument has no practical application, and is of theoretical interest only.

I personally cannot believe that tether still exists.

[HI-TEC99]

So all in all I wouldn't p*ss on the potato patch that you're growing in if I were you. (I also make the same case in reverse to sh*coin maximalists by the way - for the same reasons).

I'm no horticulturist, but isn't urine actually a good fertilizer? Hence, you would want to piss on your potato patch?

It depends. Pissing on grass kills it eventually. People's dogs pissing on their lawns can cause chaos.

Shitting on your potato patch is a completely different matter. Hence we get that smell wafting in through train windows while passing a freshly fertilised field.

[Hueristic]

So all in all I wouldn't p*ss on the potato patch that you're growing in if I were you. (I also make the same case in reverse to sh*coin maximalists by the way - for the same reasons).

I'm no horticulturist, but isn't urine actually a good fertilizer? Hence, you would want to piss on your potato patch?

It depends. Pissing on grass kills it eventually. People's dogs pissing on their lawns can cause chaos.

Shitting on your potato patch is a completely different matter. Hence we get that smell wafting in through train windows while passing a freshly fertilised field.

Too much fertilizer always burns out plants.

https://insteading.com/blog/human-urine-fertilizer/

[infofront]

That’s all very good and well.  But the only alt coins that have shown any value to date so far are stable coins.  And even they are quite dubious.  Tether and Dai have shown us that current stable coins are not stable.  They had one job....

Until we have at least one alt coin which has achieved something, I’m afraid your argument has no practical application, and is of theoretical interest only.

Monero is good for buying crack. You need ETH for cryptokitties. So, there's that.

I feel like I was just sold a shamwow

It could be worse. You could've just been sold Ripple.

[HI-TEC99]

So all in all I wouldn't p*ss on the potato patch that you're growing in if I were you. (I also make the same case in reverse to sh*coin maximalists by the way - for the same reasons).

I'm no horticulturist, but isn't urine actually a good fertilizer? Hence, you would want to piss on your potato patch?

It depends. Pissing on grass kills it eventually. People's dogs pissing on their lawns can cause chaos.

Shitting on your potato patch is a completely different matter. Hence we get that smell wafting in through train windows while passing a freshly fertilised field.

Too much fertilizer always burns out plants.

https://insteading.com/blog/human-urine-fertilizer/

Maybe that's why UROCoin failed despite being backed 1:1 with 1 metric tonne of Urea fertilizer (derived from piss).

Another dev tried a similar strategy with pisscoin, but strangely enough that failed too.

[HairyMaclairy]

The expression “piss poor” comes from those who sold their urine to tanners...

[VB1001]

With Schnorr & Taproot we can expect:
* 30%-75% fee savings for multisig
* 2.5X block validation speedup
* Improved fungibility
* Very large K of N multisig support
* Support for highly complex scripts at little cost

https://twitter.com/lopp/status/1128392237547651077

Good morning WO,s

[Biodom]

While solidly behind bitcoin, I cannot be at the position of "only bitcoin forever".
Here is my purely behavioristic argument:

1. Wall Street (WS) largely "missed" bitcoin as more than 84% is already issued with very small (anecdotally) institutional ownership.

2. WS knows how to do "promotions".

3. Would it be easier for WS to promote a new token/coin/entity that is not almost fully subscribed yet vs the one that is already owned? I think that the answer is "probably, yes"

4. WS don't like chasing, but they do like sweet early deals.

Conclusion: BTC will be pushed first and will dramatically appreciate, but then the momentum might switch to "shitcoins".
Which ones's?
IMHO, the one's that are under-issued: XRP (since Ripple can make sweet deals at 40C now with appreciation later), watch out for Ripple issuing billions of coins from their 66 bil "stash", maybe ZEC as only 6mil out of 21 mil were mined so far. Don't want to mention newcomers, but watch out for large tranches of coins being allocated to WS hedge funds and institutions from some new and upcoming chains.

Personally, I don't think that ethereum would show large appreciation due to much competition in the area (POS) where it wants to compete.

One can, hopefully, design a strategy where potential profits in "shitcoins" would be transferred to bitcoin in due course.
I don't intend to sell any bitcoin (and certainly not for shitcoins), hopefully, until retirement or some unforeseen urgency, but some cash allocation along the lines that were mentioned above could be interesting. We shall see.

[erre]

While solidly behind bitcoin, I cannot be at the position of "only bitcoin forever".
Here is my purely behavioristic argument:

1. Wall Street (WS) largely "missed" bitcoin as more than 84% is already issued with very small (anecdotally) institutional ownership.

2. WS knows how to do "promotions".

3. Would it be easier for WS to promote a new token/coin/entity that is not almost fully subscribed yet vs the one that is already owned? I think that the answer is "probably, yes"

4. WS don't like chasing, but they do like sweet early deals.

Conclusion: BTC will be pushed first and will dramatically appreciate, but then the momentum might switch to "shitcoins".
Which ones's?
IMHO, the one's that are under-issued: XRP (since Ripple can make sweet deals at 40C now with appreciation later), watch out for Ripple issuing billions of coins from their 66 bil "stash", maybe ZEC as only 6mil out of 21 mil were mined so far. Don't want to mention newcomers, but watch out for large tranches of coins being allocated to WS hedge funds and institutions from some new and upcoming chains.

Personally, I don't think that ethereum would show large appreciation due to much competition in the area (POS) where it wants to compete.

One can, hopefully, design a strategy where potential profits in "shitcoins" would be transferred to bitcoin in due course.
I don't intend to sell any bitcoin (and certainly not for shitcoins), hopefully, until retirement or some unforeseen urgency, but some cash allocation along the lines that were mentioned above could be interesting. We shall see.

So, you are basically saying "buy ripple" because it's centralized bank money?

Not cool bro...

[vroom]

McDonald’s locations in Austria will start doubling as mini-embassies for American tourists.

https://www.foxnews.com/travel/mcdonalds-austria-embassy

First I thought it's an april fool, but it's not  

[Biodom]

While solidly behind bitcoin, I cannot be at the position of "only bitcoin forever".
Here is my purely behavioristic argument:

1. Wall Street (WS) largely "missed" bitcoin as more than 84% is already issued with very small (anecdotally) institutional ownership.

2. WS knows how to do "promotions".

3. Would it be easier for WS to promote a new token/coin/entity that is not almost fully subscribed yet vs the one that is already owned? I think that the answer is "probably, yes"

4. WS don't like chasing, but they do like sweet early deals.

Conclusion: BTC will be pushed first and will dramatically appreciate, but then the momentum might switch to "shitcoins".
Which ones's?
IMHO, the one's that are under-issued: XRP (since Ripple can make sweet deals at 40C now with appreciation later), watch out for Ripple issuing billions of coins from their 66 bil "stash", maybe ZEC as only 6mil out of 21 mil were mined so far. Don't want to mention newcomers, but watch out for large tranches of coins being allocated to WS hedge funds and institutions from some new and upcoming chains.

Personally, I don't think that ethereum would show large appreciation due to much competition in the area (POS) where it wants to compete.

One can, hopefully, design a strategy where potential profits in "shitcoins" would be transferred to bitcoin in due course.
I don't intend to sell any bitcoin (and certainly not for shitcoins), hopefully, until retirement or some unforeseen urgency, but some cash allocation along the lines that were mentioned above could be interesting. We shall see.

So, you are basically saying "buy ripple" because it's centralized bank money?

Not cool bro...

Pal, if you have CASH and use it, then you already have centralized bank money, lol
I am not giving an advice of what to buy, just looking at it from a cost-benefit angle.

Don't spend bitcoin, but if you have cash (aka centralized bank money as we established already, and after you did not spend your cash on btc in the next year or so), then it could be profitable.
Or not. Make your own decisions.

[kenzawak]

[mindrust]

Turkey has just passed the law which taxes people by 0.1% who trade foreign currencies.

Do you feel it WO? This is the sound of a country dying.

We might see  the super pump much quicker than we normally expect.

Meanwhile I still can't decide if I should go in or not with my remaning FIAT. Hard decision to make. I'll wait a bit more I guess.

Bitcoin! The government slayer. Here another country for you. Put it next to Venezuela.

[Gyrsur]

Go BTCitcoin Go!

[600watt]

By “value” I mean a use case, where the coins have been used for their use case.  

Other than stable coins, no alt coin has ever been used for its intended use case in any meaningful way.  

If they don’t have a viable use case, then they don’t have any value.

LoL. Do you actually see how hilarious that sounds coming from a bitcoin promoter ?

You think that bitcoin has any more of a "use case" or is being used for its "intended use case" ? We're 10 years in. What's the Whitepaper called ? "A Peer to Peer Electronic Cash System" ?

Look around you. What did you use the last time you went to the supermarket ? Bought something on Amazon ? Made a withdrawal from the bank ?

Get real. Altcoins are an $80 Billion market - that's quite a lot of "no value". The words pot and kettle spring to mind when people from either camp accuse the other of "not having any value". Most alts are doing what they were designed to do which is more than can be said for bitcoin. That doesn't mean it doesn't have a role, but everything in this entire sector is far more mutually dependent than many of their respective fanboys give credit for.

alts have a market cap because scammers lured them into their scamcoin. the invention is bitcoin and not blockchain. blockchain is nothing, just a way to structure a database, a buzzword. you yourself are the best example that the marketing brainwash that has been on full force for all those years is able to completely turn around perception of reality. you keep dismissing bitcoin and you do this 6 years in a row in a bitcoin forum. how twisted is this?  in your case the irony is that you were actually early in the game, but seemingly failed to understand bitcoin the slightest bit. it turned you into a sour altcoin fanboy.
altcoin pushers like you felt they were late to the bitcoin party and now desperately try to onboard an airplane made out of bamboo which will never fly. there is only bitcoin that works as designed. please give an example of any shitcoin that "does what it is designed for" .
oh and by the way: from airline tickets to bikes, from coffee-machines for our kitchen to pancakes on tropical islands i use bitcoin to pay for plenty of stuff. my sister ran out of money during a trip to london. she went to a btc atm and gave me a call, i was able to send her money instantly. bitcoin works beautifully.
take a deep breath and re-think your game plan, because you will get disappointed again and betrayed by shitcoins.