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

[r0ach]

It appears Eth experiencing a downtrend pump.

[JayJuanGee]

Shocking!  Typical $500 transaction costs $0.04 in fees!!  This burden will sink bitcoin.

Typical BTC $0.01 transaction costs $0.04 in fees!!
Typical $500 real money transaction: costs $0.00 in fees!!
Typical ETH transaction: costs $0.00 in fees!!

Eth isn't really meant for value transfer, but smart contracts and dao and whatever. But eth was born like 5 years before any of this is useful.

Maybe in 5 years time they'll realize how inefficient their whole platform is.

"Inefficient"? Does ETH need to burn as much electricity as a small country to simply *exist*? A bitcoiner talking about efficiency

What am I going to do? Knock on every miners door and tell them to shut down their operations, just because creating fungible value with their electricity is wrong? Besides we needed a system where registered value became anonymous value.

Also ether network isn't as secure and hasn't got as much work in it as bitcoin network has. Remember, ether lays ontop of bitcoin not the other way round.

hahahaha


Well put, and much more succinctly than me.   

[JayJuanGee]

 
>ether lays ontop of bitcoin
Yeah, that sort of stuff. Don't flaunt it.

'splain it to us, ahpku, as if we were 5.  Why doesn't ether lay on top of bitcoin?  Isn't ETH kind of riding on the coattails of bitcoin's security in order to pump, while creating the false impression that ETH is able to sustain itself?

start 'splainin, ahpku.     Oh you can't... oh...what a surprise.   

[USB-S]

Shocking!  Typical $500 transaction costs $0.04 in fees!!  This burden will sink bitcoin.

Typical BTC $0.01 transaction costs $0.04 in fees!!
Typical $500 real money transaction: costs $0.00 in fees!!
Typical ETH transaction: costs $0.00 in fees!!

Eth isn't really meant for value transfer, but smart contracts and dao and whatever. But eth was born like 5 years before any of this is useful.

Maybe in 5 years time they'll realize how inefficient their whole platform is.

"Inefficient"? Does ETH need to burn as much electricity as a small country to simply *exist*? A bitcoiner talking about efficiency

Get over this idea in which you suggest that BTC is wasting energy in a process that secures value, preserves the historical record and mines bitcoin.   It's a small price to pay for the overall value achieved in creating such a paradigm shifting and transformative value transmission and storage, amongst other developing applications.

Yes, ETH has a few problems, and just one of them is that it is efficient because there are small number of people controlling it's direction and pumping various aspects of it's "efficiency" that comes at a cost to security, immutability and just having targets on the back of people who are controlling it and may well get prosecuted for their innovative pumping manipulations.  Since there has been a lot of money pouring into ETH, it is very likely that there are going to be a variety of innovations in which bitcoin and other crypto currencies are going to be able to both learn from and to profit from some of the ETH "innovations."

Yeah, possibly ETH could experience another 4x pump or maybe even more, but fundamental flaws exist in the model exist that are likely going to cause very incredible difficulties for it to retain value once a cascading of dumps begin to occur.,. I will be quite surprised if a cascading of dumps does not occur within the next few months, but I don't have time and energy to invest any of my own bets into ETH's price direction because really I cannot in any meaningful way know the minds and/or level of resources that some big interested capital may want to play the irrational ETH pump to cause it to be pumped passed any imaginable reasonable level (and there are a lot of folks who would be able to make such manipulations of ETH with a relatively small amount of capital)

[JayJuanGee]

>I'm looking for sustainable bitcoin investments. Please contact me if you've got one.
As common as sustainable Beanie investments; sry

At least you seem to be sane enough to admit that past performance is no guarantee of future performance in any kind of way, even just to assert that one investment versus another is going to be "profitable" - no matter what the rate that may result.

[Gyrsur]

It appears Eth experiencing a downtrend pump.

MAN! IT'S ALL ABOUT MOON!!

https://youtu.be/rhhSB5PFQkY

[USB-S]

It appears Eth experiencing a downtrend pump.

MAN! IT'S ALL ABOUT MOON!!

https://youtu.be/rhhSB5PFQkY

The reality truth may be too hard for some to handle.

But I think I just found myself a trading strategy mentor.

THE MOON!

10 doge=15dollars, you heard it here first!

[JayJuanGee]

I've already lost all of my money, by exchanging it to bitcoins(and I continue to do so with every paycheck). So there isn't really any money left to lose. I'm as broke as a person can be. Once I was thrown out of a train for not having enough money for a ticket, €1.20 to be exact.

Also my history in finance is none. That means I have no idea what finance even means. I have no papers or experience regarding finance.

That does not seem to be a very good BTC investment strategy.

I think that it is better to attempt to project your cashflow ahead of time.  

Let's say for example, for argument sake, you earn $1,000 per month.  All of your necessary living expenses add up to $800 per month, and so you are left with $200 discretionary.  You know that within your discretionary budget you have various entertainment needs or even unexpected discretionary expenses that are going to cost you around $100 per month.

Therefore, you only have about $100 per month to invest in bitcoin, which is fine to invest that money into bitcoin and to accumulate bitcoin with that $100 per month.  Let's say over the years, the value of that $100 per month builds up to $3k, you should attempt to work that $3k in such a way that it is not 100% subject to bitcoin volatility by buying while the price of BTC goes down and selling while the price of BTC goes up.

Anyhow, practice helps you to get better at continuing to build your $3k BTC fund, and to keep some of that fund in fiat and some in BTC, maybe even something like a 95% btc to 5% fiat split or some reasonable variation.. that is going to fluctuate with ongoing changes in BTC prices... in other words, try to never go "full btc" nor to ever go "full fiat"  

[ahpku]

 
>ether lays ontop of bitcoin
Yeah, that sort of stuff. Don't flaunt it.

'splain it to us, ahpku, as if we were 5.  Why doesn't ether lay on top of bitcoin?  Isn't ETH kind of riding on the coattails of bitcoin's security in order to pump, while creating the false impression that ETH is able to sustain itself?

start 'splainin, ahpku.     Oh you can't... oh...what a surprise.   

Already ELY5 everything here, in these hallowed fora, Friend.
Sadly, some things just can't be ELY3withAssburgers, and, as such, remain beyond your ken.

[JayJuanGee]

 
>ether lays ontop of bitcoin
Yeah, that sort of stuff. Don't flaunt it.

'splain it to us, ahpku, as if we were 5.  Why doesn't ether lay on top of bitcoin?  Isn't ETH kind of riding on the coattails of bitcoin's security in order to pump, while creating the false impression that ETH is able to sustain itself?

start 'splainin, ahpku.     Oh you can't... oh...what a surprise.   

Already ELY5 everything here, in these hallowed fora, Friend.
Sadly, some things just can't be ELY3withAssburgers, and, as such, remain beyond your ken.

In other words, instead of posting something substantive, you got nuttin...


hahahahaha   I figured as much.   

[ahpku]

In other words,

I seldom give advice, but when I do...

[USB-S]

In other words,

I seldom give advice, but when I do...

Do we humans even know what are we doing? I mean we're pretty fucking primitive.

Or am I alone on this.

I think that it is better to attempt to project your cashflow ahead of time.  

This sounds like a credit based system.

[r0ach]

You know the Eth dumps in the night
Eth dumps in the day
Try to run
Try to hide
Dump on through to the other side

[ahpku]

Do we humans even know what are we doing? I mean we're pretty fucking primitive.

Some do, some don't and some are fucking annoying. I'm still undecided about JJG: 20% chance he's genuinely, organically messed up (which means I'm a heartless dick), 40% chance that he's always-in-character troll (in which case, GG JJG), and 30% chance that he's a genuinely a babbling buffoon he appears to be.
Of course, these aren't mutually exclusive...

P.S. Talking about mental hygiene, look what just scurried in...

[nioc]

And the other 10%?

[USB-S]

Do we humans even know what are we doing? I mean we're pretty fucking primitive.

Some do, some don't and some are fucking annoying. I'm still undecided about JJG: 20% chance he's genuinely, organically messed up (which means I'm a heartless dick), 40% chance that he's always-in-character troll (in which case, GG JJG), and 30% chance that he's a genuinely a babbling buffoon he appears to be.
Of course, these aren't mutually exclusive...

P.S. Talking about mental hygiene, look what just scurried in...

Leave JJG alone

[ahpku]

And the other 10%?

Mystery Babylon?

[Suggestive Melon]

You know the Eth dumps in the night
Eth dumps in the day
Try to run
Try to hide
Dump on through to the other side

So, I definitely agree that Eth will eventually be dumped into oblivion, but I also see that it is getting added to coinbase.  I was turning it over in my head that there is a possibility of Eth getting pumped one final time because of its addition there, and then will subsequently be dumped before the 28th; what are your thoughts on this, R0ach?

[nioc]

Maybe if everybody here used >20 accounts this would be even better. 

[USB-S]

Maybe if everybody here used >20 accounts this would be even better.  

In the end of the day you'd get classified as bearish or bullish.

I'd enjoy the havoc however.
https://www.youtube.com/watch?v=8hKN9J-fFSs