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

[Majormax]

Diversification is about picking the best of each market segment and buying a little of each.  It is not about chasing penny stocks.

Portfolio performance is only gained with a range of stocks from each sector. The lower caps will always be more volatile and some will outperform the dominant stock.

We are only talking investment intent and actions here, not fundamental value. Therefore investment is about chasing penny stocks , and medium cap stocks, just as much as big-cap stocks.

The sort of investors we are talking about see cryptos as stocks, so plenty of money will flow into alts, and many will outperform BTC (considering price alone)

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[PaivanTreidi]

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.

Eh...they're not actually. They're figuring out it's about diversification. Not least because of 3 things:

 1. no investor in possession of their senses doesn't diversify their portfolios within any asset class
 2. they understand that monetary assets are not a natural monopoly
 3. they understand that the most expensive asset in the class does not always have the most upside

The "God made bitcoin so we don't need anything else" delusional hopium in this thread is quaint, but you already lost that war 5 years ago and diversification is a one-way street. That is one genie that does not go back in the bottle.

Tokonormal.

How are competitors against Facebook  doing? Against Apple? Against Amazon? Against Netflix? Against Google?  Do you want to diversify into second tier versions of the FAANGs?

No you do not.  

They each completely dominate their market segment.  

As does Bitcoin.

Diversification is about picking the best of each market segment and buying a little of each.  It is not about chasing penny stocks.

Are you saying nobody should have bought apple 20 years ago?

I think that is what we are talking about here. You are buying sh1tloads of compaq and IBM and blockbuster... At the time they were the giants.

I don't pretend to know the future but I do know a good saying about the person who laughs last...

[HairyMaclairy]

Diversification is about picking the best of each market segment and buying a little of each.  It is not about chasing penny stocks.

Portfolio performance is only gained with a range of stocks from each sector. The lower caps will always be more volatile and some will outperform the dominant stock.

We are only talking investment intent and actions here, not fundamental value. Therefore investment is about chasing penny stocks , and medium cap stocks, just as much as big-cap stocks.

The sort of investors we are talking about see cryptos as stocks, so plenty of money will flow into alts, and many will outperform BTC (considering price alone)

You are confusing two separate concepts.  

Diversification is a risk reduction technique.  https://en.wikipedia.org/wiki/Diversification_(finance)

Portfolio optimization is about optimising a portfolio to achieve a specific objective (growth, income etc). https://en.wikipedia.org/wiki/Portfolio_optimization.

When you are saying ‘diversification’, you really mean portfolio optimization in a way that increases risk

If you want to optimize for high risk, high growth then chasing alts is the way to go. Don’t make the mistake of thinking this is diversification, because it’s not.

[El duderino_]

First wanna thank you guys for the "for most massively" support coming from you guys (for the source application)

Also wanna thank all the members who are mainly in other sections as speculation or our "WO-thread"

Then every member will know the application was my words that I wanted to say, but the PERFECT English wasn't my exact writing, so XhomerX thanks for helping me out putting my words in that awesome text, I owe you a very big THANK YOU and most of respect, helping a member out how you did.

Then jojo said one time he wasn't really sending support cause members he talk with and are became sources are a little bit difficult for him, as he doesn't want to make a joke that comes of like merit begging, I been with you guys a very long period of time and I will not change for one F*** while being in here and, I know you guys in here so just be the same to me and don't give a F***

That been said the sun is shining on the terrace where i'm drinking a fresh ginger thea and a sparkling water, the price is 7915$ and BTC looks as beautiful as always

1BTC still = 1BTC so nothing changed

[toknormal]

1. no investor in possession of their senses doesn't diversify their portfolios within any asset class
 2. they understand that monetary assets are not a natural monopoly

Tokonormal.

How are competitors against Facebook  doing? Against Apple? Against Amazon? Against Netflix? Against Google?  Do you want to diversify into second tier versions of the FAANGs?.....Diversification is about picking the best of each market segment and buying a little of each.  It is not about chasing penny stocks.

Facebook is dominant but not a monopoly and certainly not necessarily the future. Apple has only around 16% share of the smartphone market, down from 100% at the iPhone's launch. Netflix has less customers than Amazon Prime depending on how you view the statistics and its dominance is nowhere near to inhibiting new entrants. So those companies competitors are doing quite well actually.

Bitcoin dominance hit a minimum during the last massive price spike (see below), yet its marketcap/$USD price was at a maximum. That's no accident because as money is made in alts, people profit-take into bitcoin. It's the same structure for any monetary asset market and is in fact the very definition of a "reserve asset". There were of course other factors at play such as hedging the contentious hard forks that were going on, the blocksize war and general ideological differences in priority. But such needs to hedge will always exist - periodic storms in markets are a permanent feature of economics.

How does the market respond to such conflicts ? It caters for all through diversification - same as with any commercial sector. 20 years from now, the idea that there was only ever going to be 1 blockchain asset will seem comical, a bit like Thomas Watson's statement of "I think there is a market for maybe five computers".

Non-bitcoin digital asset market share moves in sawtooth waves just like bitcoin's own fiat market. It usually declines to just below the last peak marketshare during which time much of that capital flows into bitcoin and consolidates it. Then fuelling starts again and we move through a new cycle.

There are very few natural monopolies in the world and monetary assets - digital or otherwise - are definitely not one of them. That is something so-called bitcoin maximalists should be thankful for and not moaning about because without it you'd have stagnation and ultimately death of the entire sector, including bitcoin.

[Wekkel]

Go BTCitcoin Go!

She’s responsible for Bitcoin’s premature ejaculation  

The pump will be pumped until nobody’s left to go long. Then, the crush commences. A classic chart for goods without the proper ability to short.

[alevlaslo]

[HairyMaclairy]

Facebook at 5%?

[toknormal]

I don't think those statistics are for overall social media revenue. Maybe users. Also it shows that Instagram is the most investable, not Facebook, having the smallest market share while being the fastest growing - exactly my point about the crypto market.

I'm not saying that this isn't investible...



...I'm saying people should wake up and smell the coffee. It's investible BECAUSE there's a growing and diversifying sector, not in spite of it.

[kenzawak]

Hacked Cryptocurrency Exchange Cryptopia Goes Into Liquidation

https://www.coindesk.com/hacked-cryptocurrency-exchange-cryptopia-goes-into-liquidation

"Cryptopia, the cryptocurrency exchange hit by a major hack in mid-January, has gone into liquidation and suspended trading operations.

The news was announced Wednesday by Cryptopia’s assigned liquidator, professional services firm Grant Thornton New Zealand. Cryptopia confirmed the news on Twitter, as well as on its website."

[toknormal]

@HairyMaclairy my stats were wrong about Facebook. You are right that they are dominant - revised my post accordingly.

[VB1001]

Crypto Prime Dealer SFOX Partners With New York Bank to Offer New FDIC Protection

Institutional cryptocurrency prime dealer SFOX has partnered with a New York bank to offer state-insured bank accounts for traders,
the company confirmed in a blog post on May 14.
SFOX, which says the move is an industry first, stated the deal with M.Y. Safra Bank primarily targeted institutional investors and funds.

https://cointelegraph.com/news/crypto-prime-dealer-sfox-partners-with-new-york-bank-to-offer-new-fdic-protection

https://blog.sfox.com/sfox-partners-with-m-y-safra-bank-to-offer-segregated-fdic-insured-bank-accounts-7fa610cd8b5c

[El duderino_]

Hello 8000 again

Will we stay here for a while, then Vegeta.... let it be

[UnDerDoG81]

Mini pump started.

[El duderino_]

Mini pump started.

[fillippone]

 

8k weeeee

8035 wee!!



https://en.wikipedia.org/wiki/Gasherbrum_II

8160 wee!!



https://en.wikipedia.org/wiki/Manaslu

[VB1001]

First wanna thank you guys for the "for most massively" support coming from you guys (for the source application)

Also wanna thank all the members who are mainly in other sections as speculation or our "WO-thread"

Then every member will know the application was my words that I wanted to say, but the PERFECT English wasn't my exact writing, so XhomerX thanks for helping me out putting my words in that awesome text, I owe you a very big THANK YOU and most of respect, helping a member out how you did.

Then jojo said one time he wasn't really sending support cause members he talk with and are became sources are a little bit difficult for him, as he doesn't want to make a joke that comes of like merit begging, I been with you guys a very long period of time and I will not change for one F*** while being in here and, I know you guys in here so just be the same to me and don't give a F***

That been said the sun is shining on the terrace where i'm drinking a fresh ginger thea and a sparkling water, the price is 7915$ and BTC looks as beautiful as always

1BTC still = 1BTC so nothing changed

So the state of its merit source, is this.

Congratulations  

[Last of the V8s]

Okay I have added significantly AGAIN to these posts:

https://steemit.com/trading/@anonymint/re-anonymint-most-important-bitcoin-chart-ever-20190511t061008384z

Also make sure you see the following up post where I have added a three wave price prediction model which targets a Bitcoin price of $208k and $1.5 million (likely 2020 and 2021):

https://steemit.com/trading/@anonymint/re-anonymint-re-anonymint-most-important-bitcoin-chart-ever-20190513t203453167z

I doubt I will make any more edits.

updooted

[kenzawak]

NFL Teams Punt on Player Demands to Be Paid in Bitcoin

https://cryptosyringe.com/shocking-nfl-teams-punt-on-player-demands-to-be-paid-in-bitcoin/5265/

"NFL teams are getting pressure to pay their players in bitcoin, but so far they haven’t budged. It’s unclear why they would push back against a policy that would not only slash costs for the organization but would give NFL players an opportunity to begin saving and growing their earnings before retirement."

[LFC_Bitcoin]

In Budapest & just saw this -



btcbolt.hu