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

[fabiorem]

 

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[Lambie Slayer]

How can this be, how have I woken up to anything but a 1k pump 

[d_eddie]

Updated bitcoind after a few days with no bad news.

[d_eddie]

How can this be, how have I woken up to anything but a 1k pump 

She just felt like sneezing. It's nothing 

[Lambie Slayer]

How can this be, how have I woken up to anything but a 1k pump 

She just felt like sneezing. It's nothing 

Ok, just making sure

[ivomm]

SEC is extending comments period for Bitwise ETF
https://www.sec.gov/rules/sro/nysearca/2019/34-85854.pdf

[goldkingcoiner]

Hold tight, unbelievers, 10k is next!

Do you remember when we used to sing SHALALALALADEEDAA

[cryptjh]

The stock market is crashing and Bitcoin is soaring. There goes another narrative.
https://twitter.com/krugermacro/status/1127979041850560512



CME Bitcoin volumes. Record highs as well
https://twitter.com/krugermacro/status/1128000019121016832

[_javier_]

SEC is extending comments period for Bitwise ETF
https://www.sec.gov/rules/sro/nysearca/2019/34-85854.pdf

As expected, no definite results.

But i like that many pages the SEC used to describe what BTC is or how does it work. They are learning the nature of the beast.. 

[600watt]

....you got it the wrong way around. bitcoin would be in much better shape by all metrics if there were no shitcoins. they provide no utility, they are scamming people, they keep good devs busy because every week there is a new shitcoin that needs to be implemented, they get marketed as "the better, faster, newer" bitcoin...

Did you by any chance go to guy's school ?

trying to figure out what your question means.

comparing shitcoins to computers is imho not useful. bitcoin is a technological breakthrough in computer science. altcoins are just scams. no use case. no users. scam after scam after scam, that is all those shitcoins ever did. bitcoin is a protocol like the internet is a protocol. there is no need whatsoever to maintain 2500 different (unsecure, scammy, useless, etc, etc.) internets.
there is NO innovation in shitcoins.

i went to a regular school.

[DaRude]

Right then, has Satoshi been announced yet ? I didn't sign up for the "unveiling" but the countdown is at zero I think.

Is it actually Barry Silbert promoting a new brand of honey coated oven chips ?

Gonna have to repeat myself

Is John McAfee behind it? --> https://twitter.com/gotsatSHITLINK

Countdown is active --> https://gotsatSHITLINK/

Source: https://www.investinblockchain.com/SHITLINK/

No, just no. Next question

[bitcoinPsycho]

This run still feels fake to me. Like every bullrun before. I expect a new ATH and at the same time can think of dropping hard to where we started at 3k Levels from here  

There is really no explanation why this is just happening out of nowhere.

buy buy buy    weeeee

Good advice

[BTCMILLIONAIRE]

the fair value of shitcoins is zero. null.
why would you advise bitcoiners to invest in scamcoins?

Although I appreciate the value of tribalism in a competitive environment, that is a very stupid comment if I may say so.

Bitcoin would be nowhere without "sh*coins" because they are the buttressing by which it survives. That "buttressing" provides hedging support, diversification, optimal access for new market participants and generally all round builds an industry in which bitcoin can consolidate roots.

Not least, alts are also a far more effective way of accumulating bitcoin than just buying bitcoin because at any given moment there's always one or more of them outperforming it for gain.

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).

what is stupid by ALL means are shitcoins. you got it the wrong way around. bitcoin would be in much better shape by all metrics if there were no shitcoins. they provide no utility, they are scamming people, they keep good devs busy because every week there is a new shitcoin that needs to be implemented, they get marketed as "the better, faster, newer" bitcoin. the scamcoin sellers spill out nothing but hate towards bitcoin and its community. shitcoins need to be fought against in every legal way.

and yeah, some use speculating shitcoins to gain more btc. if i want to do that i just go into a casino because the level of scamming is lower there.

There are shitcoins that are trying to do what Bitcoin does, which fit your description.

And then there are some genuinely unique solutions. Not going to shill in the WO thread, but you're missing the bigger picture.


You are essentially suggesting that Amazon & co are worthless shit companies because they are just another shitty money grabbing website during the dot com bubble. The internet would be better off without more websites.

Heck, it's not even just that either. You are also simultaneously suggesting that stocks are useless because the USD would be much better off without them.

If you fail to see the potential value of tokens then you clearly don't know much about traditional markets. Or you got burnt so hard that you're demonizing the entire space now. Or you've literally only seen Beeeeconnneeeeeeeeeeeect etc. Not sure what causes your extremist views but they are not inline with reality.


And your last assertion is strictly false as well. Every single casino is modeled in a way that increases the probability of depleting your money the more games you play. Even with the outright scammy shitcoins you can however outplay the market if you are willing to invest the time and have the skill, something that you won't be able to in a casino by design.

[Last of the V8s]

No come on, tell us which shitcoin has done anything.
grin?
(tokens will be done on bitcoin if really desired)

[toknormal]

No come on, tell us which shitcoin has done anything.
grin?
(tokens will be done on bitcoin if really desired)

Are you serious ?

The only one which HASN'T done anything is bitcoin. Why t.f. do you think it has a community on a near permanent war footing with itself arguing about technical priorities and forking the chain to Kingdom Come.

[gentlemand]

Are you serious ?

The only one which HASN'T done anything is bitcoin. Why t.f. do you think it has a community on a near permanent war footing with itself arguing about technical priorities and forking the chain to Kingdom Come.

Right on.

Thanks to your post I've just gone FULL Feathercoin.

See ya later, losers.

[Toxic2040]

the afternoon Wall report @11:26am

Good morning.

1h

[600watt]

the fair value of shitcoins is zero. null.
why would you advise bitcoiners to invest in scamcoins?

Although I appreciate the value of tribalism in a competitive environment, that is a very stupid comment if I may say so.

Bitcoin would be nowhere without "sh*coins" because they are the buttressing by which it survives. That "buttressing" provides hedging support, diversification, optimal access for new market participants and generally all round builds an industry in which bitcoin can consolidate roots.

Not least, alts are also a far more effective way of accumulating bitcoin than just buying bitcoin because at any given moment there's always one or more of them outperforming it for gain.

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).

what is stupid by ALL means are shitcoins. you got it the wrong way around. bitcoin would be in much better shape by all metrics if there were no shitcoins. they provide no utility, they are scamming people, they keep good devs busy because every week there is a new shitcoin that needs to be implemented, they get marketed as "the better, faster, newer" bitcoin. the scamcoin sellers spill out nothing but hate towards bitcoin and its community. shitcoins need to be fought against in every legal way.

and yeah, some use speculating shitcoins to gain more btc. if i want to do that i just go into a casino because the level of scamming is lower there.

There are shitcoins that are trying to do what Bitcoin does, which fit your description.

And then there are some genuinely unique solutions. Not going to shill in the WO thread, but you're missing the bigger picture.


You are essentially suggesting that Amazon & co are worthless shit companies because they are just another shitty money grabbing website during the dot com bubble. The internet would be better off without more websites.

Heck, it's not even just that either. You are also simultaneously suggesting that stocks are useless because the USD would be much better off without them.

If you fail to see the potential value of tokens then you clearly don't know much about traditional markets. Or you got burnt so hard that you're demonizing the entire space now. Or you've literally only seen Beeeeconnneeeeeeeeeeeect etc. Not sure what causes your extremist views but they are not inline with reality.


And your last assertion is strictly false as well. Every single casino is modeled in a way that increases the probability of depleting your money the more games you play. Even with the outright scammy shitcoins you can however outplay the market if you are willing to invest the time and have the skill, something that you won't be able to in a casino by design.

i dont understand why folks cheer those shitcoins. shitcoins are fundamentally different to bitcoin. it is not like comparing different stocks of competing companies. bitcoin is a tech breakthrough. no alt is a tech breakthrough. bitcoin is used by millions of people for almost a decade now. shitcoins are not used for anything. what alt are you actually using (other than gambling)? i am not being extremist here, just very conservative.

bitcoin solves the byzantine generals problem. what problem in computer science is any alt solving? bitcoin has no owner, leader  -  it is decentralised. shitcoins are not decentralized. shitcoins are created by individuals or companies that want to make profit. how to make profit when there is neither a use case nor users? well, the only way to profit is to scam people and try to sell you their u s e l e s s  token. and that is what they do: they run around and tell everyone about their new coin that you should buy.

and my last assertion is not false at all. when i go to a casino i at least know to what degree i get scammed. when buying shitcoins it is not false to assume that the scam level is way higher. in a casino i pay fees and i get entertained and maybe lose or win. when buying useless altcoins the scam level is 100% just to begin with.

bitcoin is a protocol. a standard. there is no need for several thousand protocols. how many "internets" do we have?

[toknormal]

By the logic of some of the idiotic maximalist comments in this thread, once gold nuggets were dug out of the ground there was no further need for diversification - not minted coins, not account based trading, not paper notes and not lightweight metals. Popular music need not have bothered itself further after the Beatles. The sovereign bond didn't need to be hedged by equities, commodities nor currencies, Fine Art investments were all "scams" after Da Vinci.

Don't you nuttheads get markets or what ? The whole point of them is that they're not tyrannies. There is diversity to address everything from taste to hedging requirements to technical deficiencies and vertical sectors.

Without diversification in the crypto-asset market bitcoin would still be in 3 digits.

[VB1001]

https://twitter.com/woonomic/status/1128356259219038208

Grayscale's investor profile is 73% institutional.
So perhaps it's a microcosm of what institutional money will do as it comes in on this bull cycle.