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

[2015Bubble]

pumping to 600? 

[AZwarel]

You know what to do...

[BlindMayorBitcorn]

Do you think that eth is better than btc? (profitable)

The exchanges have already purchased their ETH tokens to front run to late investors. Eth will likely slowly capitulate assisted in part by the DAO selling off eth for fiat. None of this is surprising to those who have been around for some time.

Remember when Bitshares (now ranked 15th), and NXT (now ranked 19th) were going to supposedly takeover because they were superior, had more features, were faster, and represented Crypto 2.0?

Another premined ICO POS(eventually) alt.

What is going to overtake Ethereum for #2 in time ? I expect some corporate token backed by a larger company to demote ethereum with time. Think Paycoin 3.0, but with the backing of MSFT/IBM/Goog/Apple or some other bank or larger company. One of these may actually overtake Bitcoin . I won't touch it but being able to bootstrap to their extremely large client base could be very beneficial.

For a fancy house I'll take it.

[AZwarel]

Do you think that eth is better than btc? (profitable)

The exchanges have already purchased their ETH tokens to front run to late investors. Eth will likely slowly capitulate assisted in part by the DAO selling off eth for fiat. None of this is surprising to those who have been around for some time.

Remember when Bitshares (now ranked 15th), and NXT (now ranked 19th) were going to supposedly takeover because they were superior, had more features, were faster, and represented Crypto 2.0?

Another premined ICO POS(eventually) alt.

What is going to overtake Ethereum for #2 in time ? I expect some corporate token backed by a larger company to demote ethereum with time. Think Paycoin 3.0, but with the backing of MSFT/IBM or some other bank or larger company.

Exactly. Network effect > technicalities*. Bitcoin will integrate and scale up to any useful "altcoin" tech, simply because 90%+ of the investment (both $ wise and knowledge wise(!)) had been already dedicated to the Bitcoin network. Network effect also says, that it does not make sense to start over learning the workings/coding of a system just because it is better at release, it takes way too much work. It is more reasonable to upgrade/tweek the most used system atm.

Just check out that lighting network solution (Thunder), which can solve the payment channel scaling problem (so blocksize is a smooth problem, and the currency usage won't be clogged by it). Or the fact that Bitcoin is a dumb network, which is actually good - the internet is build on a very dumb package routing network as well, and see what it made available!. The fact that etherium is Turing-complete is actually a really hard concrete wall in layer introduction!


* the people factor means more than technical facts. There a few (ten?)thousand ppl on Earth, who understands cryptos by a technical standpoint, and there are billions, who could/can/would use it, and the one which is sorta became to be recognized after 7 years is bitcoin only, and the merchant - day-to-day usage - is only existing for bitcoin as well. We do not need perfect, just "good enough"* by A.M.A

[Ted E. Bare]

China is hungry for coins this morning!

[kehtolo]

4000+ --- Incoming.

[ImI]

4000+ USD --- Incoming.

fyp

[BlindMayorBitcorn]

R3 Publishes Vitalik Buterin Report on Ethereum for Banks

#trending

In his writing, Buterin identified the scalability of the Ethereum platform as a primary concern, though one that is being worked on by all innovators in the ecosystem.

 

[kehtolo]

I called it too soon...

I've seen this chart pattern before, repeating itself... it's sideways for a few more hours then move..up or down.

[Wandererfromthenorth]

You're mistaken.  Sure, only up 1.37 % in the past 24 hrs, but taking into consideration the fact that ETH price has increased MORE THAN TENFOLD!!!1 in 2016 alone, I consider that a minor setback

LMAO!

[Ted E. Bare]

I've seen this chart pattern before

Yea me too, in 2013. To the moon!

[Fakhoury]

It's 4:16 A.M. here, the weather is hot, and the electricty is down so I can't turn the AC on and sleep, so I've browsed reddit as usual and came across a redditor asking whatever we can have $35K or not within 10 years from now or not.

There are kind of posts which really makes since, especially they are linked with math and numbers.

They come from brilliant minded people really (I don't want to name any as I don't want to forget anyone)

$9 or even $10 billion marketcap is nearlly pennies in today's world.

It's a very tiny marketcap really.

By foreseeing the future a bit, we can see not 5 or 10 million using Bitcoin, we are talking about 200 - 500 million or even 1 billion.

Our coin limit is 21 million, so in no way this 21 million will staisfy all the needs of the Bitcoiners, new and old ones.

So 1 Bitcoin will be something really BIG, and we will hear about mBit.

We shall not forget about the technical advancments we are witnessing, from block size solving to more privcy ... etc.

We are moving at the speed of Bitcoin, core devs are fantastic at their own job really and we didn't thank them enough yet.

They are the ones along others who are making HODLERS rich and hopefully filthy rich, if Allah (God) wanted.

To achieve $35K per coin, is nearlly $750 billion, I can see Bitcoin reaching 1 trillion.

As Gates said before, we tend to over estimate a new technology for the coming 2 years and under estimate it for the coming 10 ones.

Last but not least, Bitcoin will treat who hodls and believes in it gently.

[kehtolo]

The BTCitcoin prayer.. Amen.

It's 4:16 A.M. here, the weather is hot, and the electricty is down so I can't turn the AC on and sleep, so I've browsed reddit as usual and came across a redditor asking whatever we can have $35K or not within 10 years from now or not.

There are kind of posts which really makes since, especially they are linked with math and numbers.

They come from brilliant minded people really (I don't want to name any as I don't want to forget anyone)

$9 or even $10 billion marketcap is nearlly pennies in today's world.

It's a very tiny marketcap really.

By foreseeing the future a bit, we can see not 5 or 10 million using Bitcoin, we are talking about 200 - 500 million or even 1 billion.

Our coin limit is 21 million, so in no way this 21 million will staisfy all the needs of the Bitcoiners, new and old ones.

So 1 Bitcoin will be something really BIG, and we will hear about mBit.

We shall not forget about the technical advancments we are witnessing, from block size solving to more privcy ... etc.

We are moving at the speed of Bitcoin, core devs are fantastic at their own job really and we didn't thank them enough yet.

They are the ones along others who are making HODLERS rich and hopefully filthy rich, if Allah (God) wanted.

To achieve $35K per coin, is nearlly $750 billion, I can see Bitcoin reaching 1 trillion.

As Gates said before, we tend to over estimate a new technology for the coming 2 years and under estimate it for the coming 10 ones.

Last but not least, Bitcoin will treat who hodls and believes in it gently.

Amen.

[var53]

China is hungry for coins this morning!

Wait until Monday morning when the banks open and all those fiat wire transfers start hitting the exchanges again. China might be hungry for coins, but on Monday it will get more money pumping onto the exchanges to buy them with.

[kehtolo]

China is hungry for coins this morning!

Wait until Monday morning when the banks open and all those fiat wire transfers start hitting the exchanges again. China might be hungry for coins, but on Monday it will get more money pumping onto the exchanges to buy them with.

So... the opposite will happen.. Dump Monday.. buy Tuesday.

[Chef Ramsay]

Quick question: What if the moon is on the opposite side of the planet from your current position? Does that mean that if something goes to the moon, it actually goes down?

Good job not buying before it went up.  Now you've turned into a peasant trying to beg for somebody to dump coins on you at a lower rate.  Even the most annoying bears in the world now like MatTheCat are saying it's going over $1200.

Matt is annoying but certainly not a bear as he doesn't even believe in bitcoin so he's an ignoramus-putz at best. He just wants to shave off a few fiats here and there like a .. well nevermind. TERA went awol quite some time ago so I'm not sure whether she's worth the effort at this point.

[Chef Ramsay]

You know what to do...

I don't get it, cater from Dominoes? I'm certainly not buying nor contributing steaks for the bunch.

[TERA]

Quick question: What if the moon is on the opposite side of the planet from your current position? Does that mean that if something goes to the moon, it actually goes down?

Good job not buying before it went up.  Now you've turned into a peasant trying to beg for somebody to dump coins on you at a lower rate.  Even the most annoying bears in the world now like MatTheCat are saying it's going over $1200.

Matt is annoying but certainly not a bear as he doesn't even believe in bitcoin so he's an ignoramus-putz at best. He just wants to shave off a few fiats here and there like a .. well nevermind. TERA went awol quite some time ago so I'm not sure whether she's worth the effort at this point.

I actually don't trade Bitcoin anymore because it's not volatile enough and I don't trust the exchanges, and I have a day job that I enjoy and pays well and I need to get sleep at night. Most of my coins have been in the same cold storage wallet for 2 years. I'm just here to troll.

[kehtolo]

Touche Tera.. 'I'm just here to troll..'

-- Cos if there is one thing this place NEEDS above all else and apart from a new sheriff and a few other things, it is more trolls..

But what it needs so bad are honest to goodness, proper take-none-o-yo-shit rebuttals in here..

Mr. Sig. Campaign... I'm calling you out...

[HairyMaclairy]

I actually don't trade Bitcoin anymore because it's not volatile enough and I don't trust the exchanges, and I have a day job that I enjoy and pays well and I need to get sleep at night. Most of my coins have been in the same cold storage wallet for 2 years. I'm just here to troll.

People gonna be coming back. I have not made a trade for two years because I got caught on the wrong side of the fall from $600 and my trading strategy requires me to hold.  Now I am only a few dollars from being back in the game.  Ironically my last previous post was 5 June 2014.