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

[arcmetal]

What "use case" do you think bitcoin solves out of interest ? (Apart from making coin-grabbing early adopters rich)

so you really don´t know it yet? you been in this forum since sub $100 prices. you did not understand it back then, that is why you are no early investor. nothing to be ashamed of. but after 6 years and 6000 posts...    i see...

how about:
permissionless, trustless, uncensorable, borderless secure and safe transfer of value.
unconfiscateable, immutable, truly decentralized and safe store of value.

lots of slick buzzphrases and matching graphic elements

I feel like I was just sold a shamwow

lol, a shamwow coin is a great idea.  I'd buy one, for the hell of it.

As for the "value" of alt-coins, I believe they serve an important purpose.  They are an incubator for experimental algorithms, like a large and wild ecology of untested possibilities.  Most have failed, but so what, every now and then you'll get a good idea to survive.  And if its good enough it can get absorbed into bitcoin.

Thus, I see the alt-coins as part of a large infrastructure beneath bitcoin.

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[Hueristic]

Bitstamp adding Tether
https://twitter.com/WhalePanda/status/1128049374645428226

WhalePanda deleted the tweet?

I thought it was a joke, Is it real?

Stranger shit has happened.

[jojo69]

[JSRAW]

stop buying this fuckin and this damn bitcoin and crypto ..
are you crazy??8000 usd per btc !!!
bitcoin will crash under 2000 very very soon

dont buy guy ..when no one buy they will stop their fake
and cheat pump

[Lambie Slayer]

stop buying this fuckin and this damn bitcoin and crypto ..
are you crazy??8000 usd per btc !!!
bitcoin will crash under 2000 very very soon

dont buy guy ..when no one buy they will stop their fake
and cheat pump

TARD ALERT!

[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.

[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