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

[JayJuanGee]

altcoin bagholders are getting rekt royally.

reaching 70% dominance. on cmc, which was always rigged in favour of alts. alts get killed despite it is the only thing the majority of shitty exchanges make money with. (check coinbase). i am sure they are trying desperately to keep their business model alive.

since it is not retail investors who are fueling the btc uptrend the last couple of months (check google trends for "buy bitcoin")

it may just be shitcoiners that finally got a clue.

70% may not sound like overwhelming defeat but look at this:


bitcoin: 68.8
ETH: 7.75
XRP: 4.33
Bcash: 1.93
LTC: 1.86
Monero: 0.52

those are the top six. that is total defeat.

Personally, I am not going to write those shitcoins off from pumpening again, even though they are currently in considerable negative territory, relative to bitcoin.

[mindrust]

I want see that fucking eth below %3 dominance. That shitcoin needs to die. Send it back to $9 and I will be happy. It is One of those shitcoins I'll never invest, even for gambling purposes. (The other is bcash)

[Febo]

reaching 70% dominance. on cmc, which was always rigged in favour of alts.

BTC dominance was always over 80% until the BCH split happened. From that moment on. Or better to say a bit before that, was always uncertainty. Not just BCH steal dominance but also ETH, which many considered as BTC version two. But it ended just as a platform to crowdfund founds with illegal securities.  And it seems it lasted for two whole years.

[HairyMaclairy]

reaching 70% dominance. on cmc, which was always rigged in favour of alts.

BTC dominance was always over 80% until the BCH split happened. From that moment on. Or better to say a bit before that, was always uncertainty. Not just BCH steal dominance but also ETH, which many considered as BTC version two. But it ended just as a platform to crowdfund founds with illegal securities.  And it seems it lasted for two whole years.

There was an explosion of ICOs at that time. The BCH fork wasn’t a driver.

[dyask]

via Imgflip Meme Generator

Huh?  So you are trying to say altcoins have all the growth potential and Bitcoin is headed for an early grave? 

[jbreher]

reaching 70% dominance. on cmc, which was always rigged in favour of alts.

BTC dominance was always over 80% until the BCH split happened. From that moment on. Or better to say a bit before that, was always uncertainty. Not just BCH steal dominance but also ETH, which many considered as BTC version two. But it ended just as a platform to crowdfund founds with illegal securities.  And it seems it lasted for two whole years.

There was an explosion of ICOs at that time. The BCH fork wasn’t a driver.

From end of 2017 Feb to mid 2017 Jun, BTC dominance plunged from over 85% to below 40%.
https://coinmarketcap.com/charts/#dominance-percentage

The beginning of 2017 is when blocks started becoming persistently full.
https://bitinfocharts.com/comparison/bitcoin-size.html

The loss of dominance was due neither to BCH nor ICOs. 'Twas the Blockalypse. Or more pecisely, Blockalypse I.

[600watt]

[img]https://i.imgflip.com/37mp7b.jpg[//url][url=https://imgflip.com/memegenerator]via Imgflip Meme Genurl]

Huh?  So you are trying to say altcoins have all the growth potential and Bitcoin is headed for an early grave? 

i am a mountainbiker. bitcoin and shitcoins are NOT on the same bike. eventhough i like the idea of this meme, while btc might as well be on a bike, alts are ants trying to cross a 1 mile wide scotch tape.

[dyask]

Buy bitcoin

The Japanese rendition of the story how a single man defeated an army of digital shitcoin scammers and became the richest man in the world with physical silver:

https://www.youtube.com/watch?v=3rUb5dLO7-I

Well silver has turned out to be a pretty crappy investment.   When adjusted for inflation it is worth less now than its value 50 years ago.   Way less.   Not a hedge at all.   (Silver is about 1/8th the value now as it was in 1979)

[dyask]

[img]https://i.imgflip.com/37mp7b.jpg[//url][url=https://imgflip.com/memegenerator]via Imgflip Meme Genurl]

Huh?  So you are trying to say altcoins have all the growth potential and Bitcoin is headed for an early grave? 

i am a mountainbiker. bitcoin and shitcoins are NOT on the same bike. eventhough i like the idea of this meme, while btc might as well be on a bike, alts are ants trying to cross a 1 mile wide scotch tape.

My point is there is a lot of ways to take that image and many of them aren't positive for Bitcoin.   

[600watt]

reaching 70% dominance. on cmc, which was always rigged in favour of alts.

BTC dominance was always over 80% until the BCH split happened. From that moment on. Or better to say a bit before that, was always uncertainty. Not just BCH steal dominance but also ETH, which many considered as BTC version two. But it ended just as a platform to crowdfund founds with illegal securities.  And it seems it lasted for two whole years.

There was an explosion of ICOs at that time. The BCH fork wasn’t a driver.

From end of 2017 Feb to mid 2017 Jun, BTC dominance plunged from over 85% to below 40%.
https://coinmarketcap.com/charts/#dominance-percentage

The beginning of 2017 is when blocks started becoming persistently full.
https://bitinfocharts.com/comparison/bitcoin-size.html

The loss of dominance was due neither to BCH nor ICOs. 'Twas the Blockalypse. Or more pecisely, Blockalypse I.

why did i know you couldn´t resist to post here... ?   full blocks are ok. fee market is ok. shitcoins are not ok. and bch/bsv... oh dear... i guess they solved the full blocks problem. a blockchain no fucker is using will not have full blocks...

[600watt]

69.9 on CMC


i will empty the other half of this great bottle of rum if we hit 70% tonight.

[fillippone]

69.9 on CMC


i will empty the other half of this great bottle of rum if we hit 70% tonight.

I am going to buy some corn to get the dominance there so you won’t feel guilty when emptying that bottle.
You can thank me later.
Now I am going to buy that 0.1% world bitcoin...

[bkbirge]

More China news...
https://cointelegraph.com/news/digital-yuan-weapon-in-us-trade-war-or-attempt-to-manipulate-bitcoin

[zhekinsp]

via Imgflip Meme Generator

Huh?  So you are trying to say altcoins have all the growth potential and Bitcoin is headed for an early grave? 

Nah! You don't get it right!

Bitcoin is going to crush the altcoin soon only the ashes will be left in future.

[bkbirge]

And this is why most people ignore you when you mention bitcoin, fly by night outfits like this do not serve bitcoin evangelism very well...
https://cointelegraph.com/news/texas-securities-watchdog-shuts-down-craigslist-crypto-scammer

[ssmc2]

Who's ready for the weekend pump?!

 

[El duderino_]

via Imgflip Meme Generator

[El duderino_]

via Imgflip Meme Generator

[JayJuanGee]

reaching 70% dominance. on cmc, which was always rigged in favour of alts.

BTC dominance was always over 80% until the BCH split happened. From that moment on. Or better to say a bit before that, was always uncertainty. Not just BCH steal dominance but also ETH, which many considered as BTC version two. But it ended just as a platform to crowdfund founds with illegal securities.  And it seems it lasted for two whole years.

There was an explosion of ICOs at that time. The BCH fork wasn’t a driver.

From end of 2017 Feb to mid 2017 Jun, BTC dominance plunged from over 85% to below 40%.
https://coinmarketcap.com/charts/#dominance-percentage

The beginning of 2017 is when blocks started becoming persistently full.
https://bitinfocharts.com/comparison/bitcoin-size.html

The loss of dominance was due neither to BCH nor ICOs. 'Twas the Blockalypse. Or more pecisely, Blockalypse I.

1)   jbreher's arguments above should serve as evidence that there is still a decent amount of stubborn hopium regarding the presentation of a bitcoin is broken narrative, even if using various misreprsentations and faulty inferences from the presented evidence.

2) spammer BIG blockers like to conveniently forget how much resources they were pumping into spamming BTC's blockchain in mid to late 2017 and more intensely for about two months in December 2017 and January 2018 in order to attempt to provide facts for their narrative that bitcoin is broken due to high transaction fees and slow transaction times.  It was a costly endeavor for them, and may have paid off in some ways, but also in mid January  2018 it became somewhat apparent that the amount of resources they were spending to spam the bitcoin blockchain was likely not paying off as much as it was costing, including providing incentives for quasi-rogue white knights in bitcoin to launch lightning network way earlier than any of the more prominent folks in BTC were advicing.. and the spam attack was creating more emergency like conditions in bitcoin, but then suddenly those spam attacks stopped in late January 2018 - causing BTC fees and transaction times to come back down to more normal levels.  Of course, BIG blocker nutjob and BTC naysayers still want to use this as their "factual" narrative, but here in jbreher's case, of course, he wants to distract by trying to claim that there were full blocks dating back to early 2017... and even if that were somewhat true, who fucking cares, because the implementation of segwit in August 2017 and its further adopted use in bitcoin had brought a decent amount of additional relief onto bitcoin's main chain.

reaching 70% dominance. on cmc, which was always rigged in favour of alts.

BTC dominance was always over 80% until the BCH split happened. From that moment on. Or better to say a bit before that, was always uncertainty. Not just BCH steal dominance but also ETH, which many considered as BTC version two. But it ended just as a platform to crowdfund founds with illegal securities.  And it seems it lasted for two whole years.

There was an explosion of ICOs at that time. The BCH fork wasn’t a driver.

From end of 2017 Feb to mid 2017 Jun, BTC dominance plunged from over 85% to below 40%.
https://coinmarketcap.com/charts/#dominance-percentage

The beginning of 2017 is when blocks started becoming persistently full.
https://bitinfocharts.com/comparison/bitcoin-size.html

The loss of dominance was due neither to BCH nor ICOs. 'Twas the Blockalypse. Or more pecisely, Blockalypse I.

why did i know you couldn´t resist to post here... ?   full blocks are ok. fee market is ok. shitcoins are not ok. and bch/bsv... oh dear... i guess they solved the full blocks problem. a blockchain no fucker is using will not have full blocks...

Scumball scammer fuckers and child molesters are using bcash variants.    The weather channel is using bcash variants too, and it is proposed that maybe ethereum scumbags are going to use bcash variants too, since kriptokitties broke them down... So soon they will have a certain kind of cyber/make believe pussies ontop of those BIG ASS bcash block variants too... NOT sure if they will fill it up with all that important stuff, but just saying.

The remainder of the peeps including normal fuckers and everybody else is using bitcoin and will most likely continue to use bitcoin, since bitcoin is not broken and also bitcoin has strong foundational principles that are likely to continue to allow bitcoin to scale as we go... with ongoing decent attempts at fee incentives too, that attempt to discourage spamming with bullshit nonsense, like the weather or cryptocats.

[JayJuanGee]

Buy bitcoin

The Japanese rendition of the story how a single man defeated an army of digital shitcoin scammers and became the richest man in the world with physical silver:

https://www.youtube.com/watch?v=3rUb5dLO7-I

Well silver has turned out to be a pretty crappy investment.   When adjusted for inflation it is worth less now than its value 50 years ago.   Way less.   Not a hedge at all.   (Silver is about 1/8th the value now as it was in 1979)

Upon performing some complex math, I have approximated that 1979 was 40 years ago    - not 50 years ago. 

You're welcome.