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

[jbreher]

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.

A company with a lower cap stock whose products do not have a Unique Selling Proposition are doomed to failure.

What's the USP of your candidate shitcoin?

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[jbreher]

Facebook it 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.

Again, nothing you have stated above^^^ lends any support to your assertion belowVVV.

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.

[zhekinsp]

It's called sideways.

This is perfectly fine.

Want bitcoin to be ahead of ethereum in the next 24 hours.

[jonoiv]

When did cryptopia go into liquidation?  Says today but i can find any articles

https://www.cryptopia.co.nz/

[kingcolex]

It's called sideways.

This is perfectly fine.

Want bitcoin to be ahead of ethereum in the next 24 hours.

What are you on about? For the daily movement? Why though?

[kingcolex]

When did cryptopia go into liquidation?  Says today but i can find any articles

https://www.cryptopia.co.nz/

That den of thieves, haven't the coins moved since the key holder "died"?

[nutildah]

When did cryptopia go into liquidation?  Says today but i can find any articles

https://www.cryptopia.co.nz/

That den of thieves, haven't the coins moved since the key holder "died"?

Wait... Do you mean QuadrigaCX or did their CEO die too?

[yefi]

Anonymint is meth level behavior

He was exclaiming the end of Bitcoin when I joined this forum six years ago. He's a fucking crackpot.

(Consider judgement served.)

[BitcoinGirl.Club]

Witnessed bitcoins @ $8,049 preev ref

Good afternoon WO brothers!

When are we going to moon?

[BitcoinGirl.Club]

I need the guy who is good at summarizing WO events 🙂

[VB1001]

When did cryptopia go into liquidation?  Says today but i can find any articles

https://www.cryptopia.co.nz/

https://cointelegraph.com/news/hacked-new-zealand-exchange-cryptopia-appoints-liquidators-trading-suspended

[kingcolex]

Come on people, 'nance is about to open in 15 mins all being well



now is the time to focus

I just came


...to the realization that I might like big butts more than Bitcoin

Fuck so do I, too bad the wife isn't fond of the idea of me having a girlfriend on the side.

[BitcoinGirl.Club]

Come on people, 'nance is about to open in 15 mins all being well



now is the time to focus

I just came


...to the realization that I might like big butts more than Bitcoin

Fuck so do I, too bad the wife isn't fond of the idea of me having a girlfriend on the side.

I am focusing 🤪

[VB1001]

^
You need a big flashlight.

[kingcolex]

I like your comment.  Am here question i want to ship product from us and they can't accept bitcoin and confuse what to do next. After at i google and get a blog @ packageforwarding.info where many companies are mention for my package forwarding but what to do with bit coin issue ?

The fuck are you talking about, wrong thread dude.

[BitcoinGirl.Club]

^
You need a big flashlight.

Nah, my eyes works in special condition 🤪

[BitcoinGirl.Club]

I like your comment.  Am here question i want to ship product from us and they can't accept bitcoin and confuse what to do next. After at i google and get a blog @ packageforwarding.info where many companies are mention for my package forwarding but what to do with bit coin issue ?

The fuck are you talking about, wrong thread dude.

LOL
I wonder how did he find this topic at the first place 😂

[mindrust]

I like your comment.  Am here question i want to ship product from us and they can't accept bitcoin and confuse what to do next. After at i google and get a blog @ packageforwarding.info where many companies are mention for my package forwarding but what to do with bit coin issue ?

The fuck are you talking about, wrong thread dude.

This is the Butt Observer, Serious discussion is that way.

I would go to Ivory Tower and ask for help directly from Theymos if I were you.

[hisslyness]

I like your comment.  Am here question i want to ship product from us and they can't accept bitcoin and confuse what to do next. After at i google and get a blog @ packageforwarding.info where many companies are mention for my package forwarding but what to do with bit coin issue ?

Send me your Bitcoin and i’ll take care of the shipment for you...

[BitcoinGirl.Club]

This is the Butt Observer,

Someone please send some f**king merit to him please!!!

I am out 😂