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

[DaRude]

You will not find anyone here who thinks that BCH will ever be $4k again ..even if BTC attains even the wildest predictions.

The trend BTC/BCH is very clearly lower.

It still has the support of Bitmain and another BTC bubble would presumably provide them a war chest with which to pump it. I mean, they're a million deep in that shit, so I'd certainly not rule it out.

No.  Bitmain has abandoned Bcash. Jihan is now bagholder extraordinaire

It'll go to 0 the second Bitmain abandons bcash, they'd be stumbling over each other to see who gets to get their sell order in first. They're too deep, too committed with really no good way out

[1714234962]

1714234962

[1714234962]

1714234962

[1714234962]

1714234962

[1714234962]

1714234962

[1714234962]

1714234962

[windjc]

Metcalfe’s Law.  A shitcoin with zero users has a value of zero.

https://en.m.wikipedia.org/wiki/Metcalfe%27s_law

You still haven’t come up with a single alt with actual real world users.  

There are actually quite a # of companies using IOTA. Just saying.

[Biodom]

I think that conversing about alts distracts (for the most part) from bitcoin, which is the topic here.
Very infrequently it might be OK just to contrast and/or compare.
Not every other post, please.

[HairyMaclairy]

You keep avoiding the ‘no real life users’ of alts problem.

What exactly do you mean by a "real life user".

In monetary assets, a "real life user" is simply someone who's invested. Here - see some metals belonging to "real life users".

Here's some "real life users" making transactions on blockchains. I presume those in the top 5 are just wasting their lives by not doing them on the "holy" bitcoin chain.

Here's some "real life users" providing trustless, blockchain sourced liquidity to traders requiring stable, pegged assets to national currencies. Maybe they should have just stuck with BTC and accepted the losses when their guvpaper based goods prices were rendered irrelevant. (Not to mention the "real life users" making money by shorting or longing that asset onto its peg - but, hey, just hold BTC instead, otherwise you're not a "real life user" ? )

Here's some making money from running masternodes on the Dash network and securing the "o-conf" end of the confirmation cycle so crypto can be used in instant transaction scenarios. As far as I know they're "real life users".

Ethereum is adding thousands of developers every year to its ecosystem but I'm sure that doesn't count as "real life users" as they're not on the bitcoin network, nor are they "users", they're developers.

The reason you folks think there's "nothing going on" and "no value" in other chains is simply because you're so f*ng fanatically tunnel visioned that you've already defined yourselves a self fulfilling prophecy.

Might be an idea to wake tf up and realise that because not everybody thinks like you, not everybody invests like you - at least not exclusively.

Can you name anyone using any of those coins / tokens for anything other than as a currency or store of value?

I’m willing to admit stable coins have value, although their current implementation is dodgy. But I cannot see value anywhere else except as a shitty copy of Bitcoin. 

[HairyMaclairy]

Metcalfe’s Law.  A shitcoin with zero users has a value of zero.

https://en.m.wikipedia.org/wiki/Metcalfe%27s_law

You still haven’t come up with a single alt with actual real world users.  

There are actually quite a # of companies using IOTA. Just saying.

Name one that has gotten past the pilot stage.

It’s a bit like XRP.  Despite hundreds of trials with banks, Ripple has never made it past the pilot stage.  And if you talk to the people inside the banks about xrapid, they laugh.

You will notice that Ripple is doing a bunch of partnerships with banks in developing countries.  That’s because they have miraculously managed to burn their relationships with the entire developed world banking system by overpromising and underdelivering.  Everyone thinks they are a joke.  At the rate they are going, by 2020 there won’t be a bank left in the world that is willing to talk to them.

[DaRude]

http://boards.4channel.org/biz/thread/13616424/paul-solotshi-calder-le-roux-the-real-satoshi

 

weeeee

  Wow CSW was an expert against TrueCrypt inventor Paul Solotshi Calder Le Roux case
From all the people who could've invented bitcoin TrueCrypt inventor (named Solotshi) would be near the top of the list (and CSW at the bottom)

Edit: who's been in jail since 2012

[Biodom]

BTC did not "like" the GOT ending, or so it seems, lol.
All eyes on Tuesday.

I always "marveled" at Wallstreet's ability to plunge the asset a day or two before the good news and pump it before bad.
So many examples. I remember one in particular.
In 2003, rumors were spreading that AAPL is about to buy Disney and this depressed AAPL stock.
Large blocks were purchased by people in the know, apparently (check the volume), and a few days later AAPL announced iTunes and the stock went on a multi-year tear.

[realr0ach]

Bitcoin is a store of value.

Wrong for the 4000th time.  Nothing can be a store of value unless it's a non-perishable commodity.  Bitcoin is neither non-perishable or a commodity.  Claiming Bitcoin is a store of value is no different than claiming Dogecoin, Factcom, or NXT is a store of value.  Everyone knows that statement is completely false.  You just pretend you can pass off your lie for bitcoin in an attempt at personal gain.  

In case whoever is reading this is stupid and can't figure it out, things like Bitcoin require external inputs to exist at all.  It's extremely perishable and can disappear at any second without proper inputs being received.  A real non-perishable commodity like silver or gold simply sits there rejecting any advance of entropy (as far as any human civilization time span is concerned) without requiring external inputs and doesn't simply vanish without a black hole hitting the planet.

[marcus_of_augustus]

pump incoming ...

[dyask]

Bitcoin is a store of value.

Wrong for the 4000th time.  Nothing is a store of value unless it's a non-perishable commodity.  Bitcoin is neither non-perishable or a commodity.  Claiming Bitcoin is a store of value is no different than claiming Dogecoin, Factcom, or NXT is a store of value.  Everyone knows that statement is completely false, you just pretend you can pass off your lie for bitcoin in an attempt at personal gain.  

In case whoever is reading this is stupid and can't figure it out, things like Bitcoin require external inputs to exist at all.  It's extremely perishable and can disappear at any second.  A real non-perishable commodity like silver or gold simply sits there rejecting any advance of entropy (as far as any human civilization time span is concerned) and doesn't simply vanish without a black hole hitting the planet.

Total nonsense.   A store of value can be anything that a society chooses.   Many non-metal things have been used in the past, such as salt and even stones carved into wheels.   Today, art, coins, stamps, baseball cards and even dolls are often used as stores of values.   As far a commodities go, they are mostly traded in forms of derivatives and actually probably less real than crypto-currency.    Most stores of value in this age are nothing more than numbers in accounts.   We are so far from using gold or silver as a currency that hording them provides no security.   Gold does have a long history of being a useful store of value, but we are at the end of that period.   Maybe you can be buried in a gold coffin, you won't be any better off than someone buried at sea.  In the future maybe your coffin will be found and people will wonder how profoundly stupid it was to horde so much almost as such a common resource as gold.  

[realr0ach]

pump incoming ...

[kurious]

http://ufreetv.com/cbs.html

Nice one - useful!

[Toxic2040]

pump incoming ...

#stronghands'19

[realr0ach]

Bitcoin is a store of value.

Wrong for the 4000th time.  Nothing is a store of value unless it's a non-perishable commodity.  Bitcoin is neither non-perishable or a commodity.  Claiming Bitcoin is a store of value is no different than claiming Dogecoin, Factcom, or NXT is a store of value.  Everyone knows that statement is completely false, you just pretend you can pass off your lie for bitcoin in an attempt at personal gain.  

In case whoever is reading this is stupid and can't figure it out, things like Bitcoin require external inputs to exist at all.  It's extremely perishable and can disappear at any second.  A real non-perishable commodity like silver or gold simply sits there rejecting any advance of entropy (as far as any human civilization time span is concerned) and doesn't simply vanish without a black hole hitting the planet.

Total nonsense.   A store of value can be anything that a society chooses.   Many non-metal things have been used in the past, such as salt and even stones carved into wheels.   Today, art, coins, stamps, baseball cards and even dolls are often used as stores of values.   As far a commodities go, they are mostly traded in forms of derivatives and actually probably less real than crypto-currency.    Most stores of value in this age are nothing more than numbers in accounts.   We are so far from using gold or silver as a currency that hording them provides no security.   Gold does have a long history of being a useful store of value, but we are at the end of that period.   Maybe you can be buried in a gold coffin, you won't be any better off than someone buried at sea.  In the future maybe your coffin will be found and people will wonder how profoundly stupid it was to horde so much almost as such a common resource as gold.  

The purpose of money is to transfer value from the present to the future.  Time span is 'relative' to the 3rd party observers in this equation, but yes, table salt is an actual commodity that can reliably be used as a store of value for....five years.  If another commodity - let's say gold or silver - can reliably be used as a store of value for a consecutive millions or even billions of years, is it not a much superior store of value?  Of course it is.  

What is the reliable time span bitcoin can be used as a store of value?  The answer is ZERO, because it is not non-perishable, has no time span at all of reliable usage such as five years for salt, and can disappear at any second because it requires external inputs to exist at all.  Bitcoin is not money.  It is not a commodity.  It is not a store of value.  The only thing it can be classified as is a currency.  It even has currency in the name "cryptocurrency" just in case you're too stupid to figure it out.  Currencies are never stores of value and virtually any currency that's ever existed is generally a scam that always starts at a value of zero and returns there on a long enough timeline.

[Toxic2040]

mostly sideways with laddering coming soon   #dyor

1h

#stronghands'19

[Cryptotourist]

First stop Athens just to see if there are any visible scars of a broken economy

Been there myself lately but only for a couple of days. No signs of economic disaster in the streets whatsoever. Looks just like any other European city. Perhaps I didn't know where to look (all the bad neighborhoods etc...)  

Did you happen to go for an evening stroll?

It's bank accounts broken, not the glamour.
That said, 10 years ago you would never see people eating off garbage cans.

Don't forget to visit Filis Street near Victoria Square.

[infofront]

Next stop...$16,000?



https://twitter.com/davthewave/status/1130339465061265408

[realr0ach]

Infofront, that chart was terrible and you should feel ashamed of yourself.  The entire cup and handle formation was completely rigged by a single person, as evidenced by most of it's creation being from one green candle on the right side of the cup, but anyway, the handle was down near the $5400 area on that chart and you already had the manipulated springboard off the handle rise from there so there's not even any reason on the chart for it to go up a second time or just go parabolic to the moon for no reason.

TLDR: everything above the $4200 area where that ascending wedge ended was entirely fake and painting the tape with that big, non-aggregate green candle pump and dump scam, so that's where the actual current, tenuous, known support is, at the end of that $4200 wedge.  Bitcoin is a complete garbage buy on that chart if current known, tenuous support is half the current price of $8000.

[El duderino_]

Just woke up, pretty early..... gonna catch up with the thread after work out....

But first Mic don’t qoute tha r0ach

Good morning BTC’ers

5-6 pages and still the same price as I was going to sleep?? Curious what i’m gonna read.

[infofront]

Poll results: