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

[Mervyn_Pumpkinhead]

Even if you're playing the "greater fool" pump game with Eth, it's going to have the biggest implosion the world has ever seen on May 28th when the DAO holders start to dump ($130 million that will likely be reinvested in BTC)

 

Yes, it is a nice quote isn't it.

Yes, you sure have a way with words to make a grown man smile 

[Fatman3001]

Ethereum is useless and broken from a technical and fundamental standpoint.  Everyone that knows anything about cryptocurrency knows this (don't take my word for it, read everyone's view):

http://bitcointalk.org/index.php?topic=1361602.0

They all think you're a dick. The only one backing you is the one guy crazier than you. (sry, anonymint)

[Cassius]

Even if you're playing the "greater fool" pump game with Eth, it's going to have the biggest implosion the world has ever seen on May 28th when the DAO holders start to dump ($130 million that will likely be reinvested in BTC)

 

Yes, it is a nice quote isn't it.

Yes, you sure have a way with words to make a grown man smile 

I don't see it going that far. Might even be happening now (I never can make sense of ETH). At some point very soon, a big holder is going to drop the hammer and giggle into his coffee he's beat everyone else to the dump, including DAO itself.

[JayJuanGee]

ETH is growing while the volume for BTC is only slowing

Investors see exciting new technology where the people running the show are working to solve the technical challenges they face before they become a problem.

I know this seems exotic in an environment where development is hijacked by an appalachian christian fundamentalist anarchist who wants to be able to run the entire network on raspberry pi's and cyrix gear in time for the rapture, but that's how it should be done.

man you are deranged specimen.
why would you stay here then? move on?
give US-lambchop-G a BJ, buy DAO and go fuck yourself.

Wow.. you said it much better than me...   

I get the sense that FattyPants wants to serve in the butt hurt troll position...   And, in his/her deranged perspective, s/he likely believes that there is some kind of honor in "keeping it real" in the troll-like approach.  Go figure.   

[r0ach]

Even if you're playing the "greater fool" pump game with Eth, it's going to have the biggest implosion the world has ever seen on May 28th when the DAO holders start to dump ($130 million that will likely be reinvested in BTC)

 

Yes, it is a nice quote isn't it.

Yes, you sure have a way with words to make a grown man smile  

I don't see it going that far. Might even be happening now (I never can make sense of ETH). At some point very soon, a big holder is going to drop the hammer and giggle into his coffee he's beat everyone else to the dump, including DAO itself.

The single entity manipulating Ethereum upwards that padded the order books to make the buy side go from 7000 to 12,000 btc in one second is not going to wait until May 28th to dump.  That part is pretty obvious.  The Eth manipulator is going to be dumping long before giving DAO holders a chance to dump on him.

[Denker]

BTC looks sooo fucking weak right now and that only few weeks apart from Halving, not the best sign imo.

A stable price is a great thing. It shows that we can hold the $450s no problem, even with over $1.6 million in mined coins being sold each day.

Imagine what happens when that number is cut in half.

That's what I wanted to post. Low volume and we are able to hold the 450s without any problem.
But we don't know if all of those daily new issued coins are getting sold to the market.

[Mervyn_Pumpkinhead]

I don't see it going that far. Might even be happening now (I never can make sense of ETH). At some point very soon, a big holder is going to drop the hammer and giggle into his coffee he's beat everyone else to the dump, including DAO itself.

My neither. I just enjoyed reading the exaggeration that bitcoin advocates try to use. I find the whole thing quite amusing that people like roach are the current most active proponents for bitcoin here. The bitcoin scenery keeps getting dumber and uglier everyday.
ETH isn't a smart choice for any long term investments. Too many variables in the fundamentals that are not yet set. But it's excellent for daytrading. It's momentum (up or down) is mostly strong and fades gradually, and that gives it predictability. BTC momentum is weak, short lasting and unpredictable. BTC is only attractive to "I'll just buy some, and then sit on my ass for years, while hoping really-really hard that I'll get rich" thinking people.

[r0ach]

It's momentum(ethereum) is mostly strong and fades gradually, and that gives it predictability. BTC momentum is weak, short lasting and unpredictable.

HAHAHAA

Wait till May 28th comes.  You have $130 million dollars denominated in Eth that was locked up in the DAO, which everyone now considers a horrible investment.  That DAO money is going to cause the biggest dump Eth has ever seen.  Even pro-Eth people are saying that on forums.

[r0ach]

Even Goldman Sachs is like "Wow, this Ethereum shit is not a sound financial investment" hahahaha

[Globb0]

how to short eth then ?       

[kodtycoon]

Ethereum is useless and broken from a technical and fundamental standpoint.  Everyone that knows anything about cryptocurrency knows this (don't take my word for it, read everyone's view):

http://bitcointalk.org/index.php?topic=1361602.0

Even if you're playing the "greater fool" pump game with Eth, it's going to have the biggest implosion the world has ever seen on May 28th when the DAO holders start to dump ($130 million that will likely be reinvested in BTC) while the BTC triangle converges upwards.  So the question is, since the single entity manipulator of Eth knows everybody else knows this, when does he pull the rug out from under you?  Will he wait a few days, or could it just come at any second?

i witnessed this happen to nxt first hand on a smaller scale obviously but same thing applies. agree with you fully.

[Cassius]

Ethereum is useless and broken from a technical and fundamental standpoint.  Everyone that knows anything about cryptocurrency knows this (don't take my word for it, read everyone's view):

http://bitcointalk.org/index.php?topic=1361602.0

Even if you're playing the "greater fool" pump game with Eth, it's going to have the biggest implosion the world has ever seen on May 28th when the DAO holders start to dump ($130 million that will likely be reinvested in BTC) while the BTC triangle converges upwards.  So the question is, since the single entity manipulator of Eth knows everybody else knows this, when does he pull the rug out from under you?  Will he wait a few days, or could it just come at any second?

i witnessed this happen to nxt first hand on a smaller scale obviously but same thing applies. agree with you fully.

Yep. It was brutal in Nxt. Right now, around one in every seven ETH is tied up in the DAO. Hmmm...

[Mervyn_Pumpkinhead]

It's momentum(ethereum) is mostly strong and fades gradually, and that gives it predictability. BTC momentum is weak, short lasting and unpredictable.

HAHAHAA

Wait till May 28th comes.  You have $130 million dollars denominated in Eth that was locked up in the DAO, which everyone now considers a horrible investment.  That DAO money is going to cause the biggest dump Eth has ever seen.  Even pro-Eth people are saying that on forums.

Could be, the future isn't set in stone. Your scenario just isn't very likely to happen. But I'll probably sell soon anyway, when the momentum shows it's signs of stopping.
Even if ETH would drop to 2$, with me holding a full bag of ETH, then I would have still made more money in the last months with ETH, then I could have made with BTC. So I think that it can be understood why I'm not especially worried.
Trading BTC was interesting in 2013 Q4, after that it has only been the source of desperation for the countless cab drivers and bartenders who bought at 1000$. Trading it is useless, because most of the speculator money is flowing away to the mindlessly increasing hashrate. It's not even a zero-sum game anymore, but it's speculators paying for miners foolish endeavors.

[kodtycoon]

Ethereum is useless and broken from a technical and fundamental standpoint.  Everyone that knows anything about cryptocurrency knows this (don't take my word for it, read everyone's view):

http://bitcointalk.org/index.php?topic=1361602.0

Even if you're playing the "greater fool" pump game with Eth, it's going to have the biggest implosion the world has ever seen on May 28th when the DAO holders start to dump ($130 million that will likely be reinvested in BTC) while the BTC triangle converges upwards.  So the question is, since the single entity manipulator of Eth knows everybody else knows this, when does he pull the rug out from under you?  Will he wait a few days, or could it just come at any second?

i witnessed this happen to nxt first hand on a smaller scale obviously but same thing applies. agree with you fully.

Yep. It was brutal in Nxt. Right now, around one in every seven ETH is tied up in the DAO. Hmmm...

woah... not good. it wasnt that bad in nxt and in nxt it was spread out over time too lowering the impact.

[DonQuijote]

Just two months, halving is approaching.

What are your expectations?

Im waiting my friend

[Mervyn_Pumpkinhead]

The Eth manipulator is going to be dumping long before giving DAO holders a chance to dump on him.

Ethereum (ETH)  $13.28 (13.50% )

Good God, this manipulator has bottomless pockets and no scruples!
Help us, Brother roach, ur our only hope...

Just when you thought it can't get any better -- it does! And what I like best about this is ETH is clearly being used for its intended purpose (which, incidentally, is not buying drugs and CP, as is the case with BTC), that's why it's experiencing natural, organic growth!
Ethereum (ETH)   $13.46 (15.00% )

Holy guacamole!

Ethereum (ETH)  $13.90 (19.10% )

I sold half at 0.031.. was a little quick for my taste Hope to buy back more soon

[Elwar]

BTC looks sooo fucking weak right now and that only few weeks apart from Halving, not the best sign imo.

A stable price is a great thing. It shows that we can hold the $450s no problem, even with over $1.6 million in mined coins being sold each day.

Imagine what happens when that number is cut in half.

That's what I wanted to post. Low volume and we are able to hold the 450s without any problem.
But we don't know if all of those daily new issued coins are getting sold to the market.

For years the bears used the argument that "we need an influx of X dollars every day coming into Bitcoin to pay for the miners selling all their coins!" to instill the fear that the price is unsustainable.

The reality early on was that most miners were hard core Bitcoin users that supported the idea of it. Now it is probably more of an investment vehicle.

Either way, the inflation rate will decrease.

I looked at the chart on BitWage and they are converting over $500k in fiat to bitcoins each month and growing. I suspect that by the halving date, there will be as many people converting their fiat paychecks to bitcoins via BitWage in one month as there are bitcoins mined in a day.

[r0ach]

After this Ethereum pumper fails, the DAO implodes, and the SEC investigation begins:

[Mervyn_Pumpkinhead]

ok, now bought that half back for 0.029 .. now this is what I call fun

[marcus_of_augustus]

Not an altcoin pump thread guys ... stop being such dicks and move your inveterate gambler fantasies to one of the 3000 threads here https://bitcointalk.org/index.php?board=67.0