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

[tarmi]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

How do you know about Fresh money?

Because the amount of USD swaps hasn't gone up appreciably, meaning those coins were probably not bought with leverage.

good.

bulls finally sending some real cash to exchanges to take over those expansive leverage long positions means we are squeezing them.

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[Wandererfromthenorth]

How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.

The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.

Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).

Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. That´s why they´re called markets I guess.

The ripple network is a distributed ledger system to move fiat currencies instantly, globally, for cheap, kinda like bitcoin but without the drama, the volatiliy, the 0 consumer protection irreversibility, the POW, etc.
The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example), anybody wanting to use the ripple network can give 0 fucks about XRP and its price.

Stop. Focusing. On. The. Friggin. Tokens.

[Natalia_AnatolioPAMM]

Next stop 260?

would be nice

[thefunkybits]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

How do you know about Fresh money?

Because the amount of USD swaps hasn't gone up appreciably, meaning those coins were probably not bought with leverage.

good.

bulls finally sending some real cash to exchanges to take over those expansive leverage long positions means we are squeezing them.

Your logic here doesn't make sense. If this pattern continues the shorts will actually get squeezed, the longs will not unless we pierce 235 (or lower)

[ChartBuddy]

Coin
Explanation

[tarmi]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

How do you know about Fresh money?

Because the amount of USD swaps hasn't gone up appreciably, meaning those coins were probably not bought with leverage.

good.

bulls finally sending some real cash to exchanges to take over those expansive leverage long positions means we are squeezing them.

Your logic here doesn't make sense. If this pattern continues the shorts will actually get squeezed, the longs will not unless we pierce 235 (or lower)

nope. many longs are underwater already.

[inca]

How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.

The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.

Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).

Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. That´s why they´re called markets I guess.

The ripple network is a distributed ledger system to move fiat currencies instantly, globally, for cheap, kinda like bitcoin but without the drama, the volatiliy, the 0 consumer protection irreversibility, the POW, etc.
The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example), anybody wanting to use the ripple network can give 0 fucks about XRP and its price.

Stop. Focusing. On. The. Friggin. Tokens.

Take your ripple spam elsewhere.

[galdur]

How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.

The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.

Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).

Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. That´s why they´re called markets I guess.

The ripple network is a distributed ledger system to move fiat currencies instantly, globally, for cheap, kinda like bitcoin but without the drama, the volatiliy, the 0 consumer protection irreversibility, the POW, etc.
The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example), anybody wanting to use the ripple network can give 0 fucks about XRP and its price.

Stop. Focusing. On. The. Friggin. Tokens.

Well, what the hell do they need a 100 billion coins for then ? Why water the price down to nothing ?

I think it borders on the miraculous that it presently sells for almost one cent US given this gigantic overhang.

[inca]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

How do you know about Fresh money?

Because the amount of USD swaps hasn't gone up appreciably, meaning those coins were probably not bought with leverage.

good.

bulls finally sending some real cash to exchanges to take over those expansive leverage long positions means we are squeezing them.

Your logic here doesn't make sense. If this pattern continues the shorts will actually get squeezed, the longs will not unless we pierce 235 (or lower)

nope. many longs are underwater already.

Why are you not talking about the 10,000 shorts opened up in last two weeks?!

[Wandererfromthenorth]

How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.

The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.

Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).

Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. That´s why they´re called markets I guess.

The ripple network is a distributed ledger system to move fiat currencies instantly, globally, for cheap, kinda like bitcoin but without the drama, the volatiliy, the 0 consumer protection irreversibility, the POW, etc.
The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example), anybody wanting to use the ripple network can give 0 fucks about XRP and its price.

Stop. Focusing. On. The. Friggin. Tokens.

Take your ripple spam elsewhere.

Why are you so close minded?

I thought libertarians liked innovation/competition.

I'm not promoting anything, I just think that new technologies in crypto are promising and I'm interested to follow their developments.
I don't care about no altcoins/shitcoins, those are P&D  

[WeltMaster]

well hello my friends.

my short from 255 is turning very profitable, again.

thank you bulls.

You've not got much time I'm afraid 

Did you catch that profit?

[tarmi]

well hello my friends.

my short from 255 is turning very profitable, again.

thank you bulls.

You've not got much time I'm afraid  

Did you catch that profit?

some, just to open another position now.

btw I still have some shorts open from 295.

[Wandererfromthenorth]

Watch $255, if that breaks with decent volume, short term little bull run.

I don't think it is ready for a big move either up or down yet to exit the current midrange (235-255), but we'll see.

[greenlion]

How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.

The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.

Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).

Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. That´s why they´re called markets I guess.

The ripple network is a distributed ledger system to move fiat currencies instantly, globally, for cheap, kinda like bitcoin but without the drama, the volatiliy, the 0 consumer protection irreversibility, the POW, etc.
The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example), anybody wanting to use the ripple network can give 0 fucks about XRP and its price.

Stop. Focusing. On. The. Friggin. Tokens.

Let's break down each claim:

- "distributed ledger system to move fiat currencies instantly": sort of true, although it's not "distributed" right now and it's not clear that the consensus mechanism will actually work if it's actually distributed

- "for cheap": true

- "kinda like bitcoin but without the drama": I'm not sure how pushing Jed out of the company w/ the Wells Fargo situation, and his Yoko Ono-type situation isn't drama

- "the volatiliy" [sic] false

- "the 0 consumer protection irreversibility" false

- "the POW" true

- "The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example)..." true

- "...anybody wanting to use the ripple network can give 0 fucks about XRP and its price." false, because Ripple Labs runs 100% of the basic infrastructure, and their main business model concerns XRP appreciating in price.

In conclusion fuck your Ripple bullshit, and telling people emphatically like a douche to not focus on the tokens, when Ripple is completely about the founders enriching themselves with the tokens.

[LFC_Bitcoin]

I reckon there'll be some butt hurt bears by Monday.

[billyjoeallen]

Shorts at 24k..

Tarmi about to cry again

And Fresh money is buying, not leveraged loans, its time to become Bull  

How do you know about Fresh money?

Because the amount of USD swaps hasn't gone up appreciably, meaning those coins were probably not bought with leverage.

good.

bulls finally sending some real cash to exchanges to take over those expansive leverage long positions means we are squeezing them.

Your logic here doesn't make sense. If this pattern continues the shorts will actually get squeezed, the longs will not unless we pierce 235 (or lower)

nope. many longs are underwater already.

$2 less underwater than they were an hour ago! Seriously, after a 14 month bear market, nobody's jumping into a highly leveraged long position. We've had that beaten out of us. The risk of a long margin call cascade is minimal. Now it's the bear's turn to learn some things the hard way.

[tarmi]

nope. many longs are underwater already.

$2 less underwater than they were an hour ago! Seriously, after a 14 month bear market, nobody's jumping into a highly leveraged long position.

oh really?

except when an army of monkeys start to yell that we are out of bear market, and in the makings of the next great thing. then you get that fanatic buying frenzy on margin at 260~290. because you know...the moon.



if I am not wrong, even you are long from 260.

so yeah, this is just another successful bag holder story.

[billyjoeallen]

Ripple Labs is the equivalent of a central bank for XRP. If we wanted a central bank, we would have kept our fiat.

[brg444]

Speaking of Ripple.

I present : the Ripple death blow, running on the only blockchain that matters.

https://aligncommerce.com/

A Pantera portfolio company...

[Wandererfromthenorth]

How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.

The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.

Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).

Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. That´s why they´re called markets I guess.

The ripple network is a distributed ledger system to move fiat currencies instantly, globally, for cheap, kinda like bitcoin but without the drama, the volatiliy, the 0 consumer protection irreversibility, the POW, etc.
The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example), anybody wanting to use the ripple network can give 0 fucks about XRP and its price.

Stop. Focusing. On. The. Friggin. Tokens.

Let's break down each claim:

- "distributed ledger system to move fiat currencies instantly": sort of true, although it's not "distributed" right now and it's not clear that the consensus mechanism will actually work if it's actually distributed

- "for cheap": true

- "kinda like bitcoin but without the drama": I'm not sure how pushing Jed out of the company w/ the Wells Fargo situation, and his Yoko Ono-type situation isn't drama

- "the volatiliy" [sic] false

- "the 0 consumer protection irreversibility" false

- "the POW" true

- "The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example)..." true

- "...anybody wanting to use the ripple network can give 0 fucks about XRP and its price." false, because Ripple Labs runs 100% of the basic infrastructure, and their main business model concerns XRP appreciating in price.

In conclusion fuck your Ripple bullshit, and telling people emphatically like a douche to not focus on the tokens, when Ripple is completely about the founders enriching themselves with the tokens.

-It's distributed, I think what you mean is "100% decentralized" Apparently it's not that yet, but doesn't really matter that much. Only to bitcoiners that think that "100% decentralized" is always preferable and more efficient.
-It's not drama for people wanting to use the protocol and not XRP, for people holding XRP, yeah probably it's drama.
-There is no volatiliy because you are dealing with fiat currencies. Unless you touch XRP, but that is not necessary.
-Why false about "the irreversibiliy consumer protection?". Gateways (that can be banks) are the asset custodians, there is reversebility possible and consumer protection, in Bitcoin there is none.
-Pretty sure some RL members have said that it is possible XRP will never really rise in value. Anybody can use the protocol and build on top of it if RL disappeared tomorrow.


Dude, calm down, I don't necessary think ripple is the future of anything, I just like the direction technologies like it are going for. That's it.
I think the future of crypto will be something more similar to what ripple is doing (using the distributed ledgers/databases instead of the cryptocurrencies), if Ripple Labs and ripple implode tomorrow I don't even give a shit.

I'm just observing the crypto space.