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

[arvindr]

Is now a good Time to sell??

How can you sell what you don't have ?

[SnokkomBTC]

Is now a good Time to sell??

How can you sell what you don't have ?

lol

[ElectricMucus]

Contrarian projection: by the end of the year, Ripple will drown in a puddle of AIDS.

how is that contrarian?

[Walsoraj]

Contrarian projection: by the end of the year, Ripple will drown in a puddle of AIDS.

how is that contrarian?

I represent the opinion of the world.

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Ripple isn't dead.
You can't kill what has never lived.

[nioc]

I finally get some fiat and the price goes up.

No problem, it's still cheap coins  

[Bernard Lerring]

I'm fundamentally put off by Ripple being centralised and having seemingly much investor backing by those that are already part of the financial system.

I'm no expert; I've only casual knowledge of the Ripple system but it appears to be the one crypto that is funded and driven by those already involved in banking and position of financial power.

I'm interested in up and coming alts (or crypto 2.0, if you will) and I have invested in a couple, but I'd be very happy if one of the genuinely decentralised systems usurp it over the next couple of years.

Wishful thinking, maybe, but I don't want to use a crypto version of the current banking system. I'm happy to be corrected if I'm wrong, though.

[arvindr]

Any speculations on what will happen with the price, once the Ethereum comes in next month ?

[mrkavasaki]

Is this another dead cat bounce

[GaliX]

Is this another dead cat bounce

Well nothing changed in Bitcoin in general. Just some lines signaled the day-traders to buy. It will retrace back soonish.. Don't panic..

[greenlion]

Any speculations on what will happen with the price, once the Ethereum comes in next month ?

Ethereum launching to a jawbreaking yawn closes the door on Vitalik's year-long FUD tour de force and triggers renewed interest in Bitcoin.

[Fatman3001]

Any speculations on what will happen with the price, once the Ethereum comes in next month ?

Ethereum will bring publicity to crypto, it won't replace Bitcoin. It will do its own thing and Bitcoin will benefit.

[ssmc2]

I'm fundamentally put off by Ripple being centralised and having seemingly much investor backing by those that are already part of the financial system.

I'm no expert; I've only casual knowledge of the Ripple system but it appears to be the one crypto that is funded and driven by those already involved in banking and position of financial power.

I'm interested in up and coming alts (or crypto 2.0, if you will) and I have invested in a couple, but I'd be very happy if one of the genuinely decentralised systems usurp it over the next couple of years.

Wishful thinking, maybe, but I don't want to use a crypto version of the current banking system. I'm happy to be corrected if I'm wrong, though.

The Ripple gateway will help facilitate the use of BTC by banks and financial institutions. It can only be a good thing in that sense. Ripple the token? Meh.

[cheekychap]

Is this another dead cat bounce

Yes, and should should bounce out of here like a dead cat now.

[greenlion]

Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.

[coinableS]

Walsoraj is the only person on my ignore list because of his constant ripple plugs. Post about your centralized corporate proprietary coin in the altcoin section. It doesn't belong here.

[Walsoraj]

Ripple isn't dead.
You can't kill what has never lived.

It's a sleeping dragon.   

[Bernard Lerring]

Every time I look at coinmarketcap and see Ripple sitting ubiquitously just behind Bitcoin it makes me slightly sad that people are using a crypto that's so establishment based, like others have said.

I wish people would look a little deeper and see that there are a couple of fantastic alternatives out there that are doing it for the people, not for the venture capitalists.

[gentlemand]

Every time I look at coinmarketcap and see Ripple sitting ubiquitously just behind Bitcoin it makes me slightly sad that people are using a crypto that's so establishment based, like others have said.

I wish people would look a little deeper and see that there are a couple of fantastic alternatives out there that are doing it for the people, not for the venture capitalists.

Barely anyone is using it. It's a textbook example of why a market cap is a worthless metric.

Check out the more meaningful stats. r/ripple currently has two users online. xrptalk has a bit over 3000 members in total.

But none of that counts for shit either if heavy financial hitters are warming up to using it.