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

[Fakhoury]

[adamstgBit]

Bend over bears.

the rally to 32,000$ is mandatory.

[rjclarke2000]

$32,000 tomorrow I hope

[JayJuanGee]

Your logic is not adding up, here.  People who were bullish about bitcoin on the way down from $1,200 to $200, have more reason to be bullish under these current market conditions, and none of these folks were likely buying into the talking points about BTC being either a scam or a ponzi scheme. 

In other words, Pumpy, it appears that some of your circuits are crossing, and you are mixing up your various generalizations into nonsensicalness.         

lol, im talking about before the ath btc had.. there were many experts all saying how BTC was shit etc
if only u hedged when i told u about eth and my plans in january...eth was under $0.80 , if u spent even 1btc u wouldve been on 15+ today ...soon ETH will cross $20, then $50 and even $100 and hopefully at some point your attitutde towards ETH will change and u buy some..before it hits $1k+ lol
anyway, im not arguing with u, u my m8    

Ok.. fair enough.. and yeah, you have been consistently pumping ETH, but past performance and extrapolating possible future performance does not justify getting in at this particular price point.

The fact of the matter remains that there are several very significant problems with the centralized control of ETH.. and sure, it could get pumped another 10x or more, but that doesn't make it a good investment given the considerable (and seemingly greater downside risk in having your fate controlled by various ETH manipulators and hype machines).

Yeah, could have made a killing in price, but I don't really have any regrets about not getting into scammy ETH (and I am not denying that it can contribute a variety of technical innovations and even other social and economic innovations).  I feel good with my BTC investment and keeping track of the so many things happening with BTC, whether it balloons from this price or not.. I don't really give a shit.  I am not in this for gambling or short term profits, even though profits can be nice and even icing on the cake that makes me excited about being here and getting paid while I would have been here whether it was as profitable or not as profitable....

For example, I would have continued to stay with BTC, even if my portfolio had stayed about 50% in the red.  Anyhow, the icing on the cake is that it became a lot more profitable than my relatively conservative projections and did more than a 3x price increase from it's floating in the $230s.  Anyhow, my conservative scenario also still has accounted for various seemingly pie in the sky bullish price scenarios.  But bitcoin is not merely about price, but it remains about decentralized, immutable and permissionless system that has a considerable momentum at the moment, even if prices gets stuck in some kind of $400 to $700 price territory for a few years. (but I doubt it is going to play out like that).

[dreamspark]

Huge mempool backlog currently

[molecular]

Gold does not have a password and its heavy!

[dumbfbrankings]

Huge mempool backlog currently

It's mostly spam.

The fastest and cheapest transaction fee is currently 80 satoshis/byte, shown in green at the top.
For the median transaction size of 258 bytes, this results in a fee of 20,640 satoshis (0.13$).

Sure glad we listened to Maxwell and didn't hardfork to 2MB, oh, maybe 6 months ago. We protected decentralization of the megawatt warehouse farms instead.

[Syke]

lol, im talking about before the ath btc had.. there were many experts all saying how BTC was shit etc
if only u hedged when i told u about eth and my plans in january...eth was under $0.80 , if u spent even 1btc u wouldve been on 15+ today ...soon ETH will cross $20, then $50 and even $100 and hopefully at some point your attitutde towards ETH will change and u buy some..before it hits $1k+ lol
anyway, im not arguing with u, u my m8    

ETH has been flat for 3 months. The pump is over. Only thing left is the eventual dump.

[600watt]

$32,000 tomorrow I hope

if it hits $32k i'll be masturbating watching bitcoinwisdom.


edit: hell, wouldn´t even need to masturbate. instant come.

[rjclarke2000]

$32,000 tomorrow I hope

if it hits $32k i'll be masturbating watching bitcoinwisdom.


edit: hell, wouldn´t even need to masturbate. instant come.

I could even be wait until next week for 32k. I am in no rush 

[infofront]

Throughout the day, when the price has decreased, volume decreased. When the price has increased, volume has increased.
A bullish sign.

[roslinpl]

Hey,

and again this thread is getting to be the hottest one around the forums!

I love to see all of the bulls and bears watching together the beginning of the greatest rally we've ever seen!


I feel like it's 2013!

[Mrpumperitis]

lol, im talking about before the ath btc had.. there were many experts all saying how BTC was shit etc
if only u hedged when i told u about eth and my plans in january...eth was under $0.80 , if u spent even 1btc u wouldve been on 15+ today ...soon ETH will cross $20, then $50 and even $100 and hopefully at some point your attitutde towards ETH will change and u buy some..before it hits $1k+ lol
anyway, im not arguing with u, u my m8    

ETH has been flat for 3 months. The pump is over. Only thing left is the eventual dump.

pump never really even started m8,lol
This is adoption of a coin that is less than a yr old.
We are now moving into the next phase of adoption.
The previous dumps were people cashin out profits but when they cashed out profits a new buyer paid alot more and they took it higher.
We are now entering the next phase due to the big exchanges adding ETH. The people who have bought in past month paid over $10 , the people that buy next yr will be paying over $100...
Wait till Okcoin,Houbi and Stamp add ETH, Devcon2 and Metropolis come out and we start heading towards Casper all this yr.
then you will see a real pump.
When people sell there BTC at any price now they do one of three things..move to fiat, move to ETH or have a bit of both.

[JimboToronto]

Just got back from the ballpark (damn these early morning games) and see the silly little dip is over and we're back in the $680s.

Sideways is sideways. For all their childish wishful thinking about a "crash" or "dump" it seems like the clueless bears are wrong again.



 

[r0ach]

ETH has been flat for 3 months. The pump is over. Only thing left is the eventual dump.

pump never really even started m8,lol

Ethereum is a useless scamcoin.  Nobody is falling for your shit:

The Ethereum Paradox

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

Why proof of stake has no value:

Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary.  So why are two confirmations more useful in Bitcoin (PoW) than one?  Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there is no upper limit to confirmations.

Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails.  The act of introducing interest compounds this problem even more.  This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.

On top of being worthless, proof of stake is also a permissioned ledger.  The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.

[Mrpumperitis]

Your logic is not adding up, here.  People who were bullish about bitcoin on the way down from $1,200 to $200, have more reason to be bullish under these current market conditions, and none of these folks were likely buying into the talking points about BTC being either a scam or a ponzi scheme.  

In other words, Pumpy, it appears that some of your circuits are crossing, and you are mixing up your various generalizations into nonsensicalness.      

lol, im talking about before the ath btc had.. there were many experts all saying how BTC was shit etc
if only u hedged when i told u about eth and my plans in january...eth was under $0.80 , if u spent even 1btc u wouldve been on 15+ today ...soon ETH will cross $20, then $50 and even $100 and hopefully at some point your attitutde towards ETH will change and u buy some..before it hits $1k+ lol
anyway, im not arguing with u, u my m8    

Ok.. fair enough.. and yeah, you have been consistently pumping ETH, but past performance and extrapolating possible future performance does not justify getting in at this particular price point.

The fact of the matter remains that there are several very significant problems with the centralized control of ETH.. and sure, it could get pumped another 10x or more, but that doesn't make it a good investment given the considerable (and seemingly greater downside risk in having your fate controlled by various ETH manipulators and hype machines).

Yeah, could have made a killing in price, but I don't really have any regrets about not getting into scammy ETH (and I am not denying that it can contribute a variety of technical innovations and even other social and economic innovations).  I feel good with my BTC investment and keeping track of the so many things happening with BTC, whether it balloons from this price or not.. I don't really give a shit.  I am not in this for gambling or short term profits, even though profits can be nice and even icing on the cake that makes me excited about being here and getting paid while I would have been here whether it was as profitable or not as profitable....

For example, I would have continued to stay with BTC, even if my portfolio had stayed about 50% in the red.  Anyhow, the icing on the cake is that it became a lot more profitable than my relatively conservative projections and did more than a 3x price increase from it's floating in the $230s.  Anyhow, my conservative scenario also still has accounted for various seemingly pie in the sky bullish price scenarios.  But bitcoin is not merely about price, but it remains about decentralized, immutable and permissionless system that has a considerable momentum at the moment, even if prices gets stuck in some kind of $400 to $700 price territory for a few years. (but I doubt it is going to play out like that).

cmon m8, enough of the scam crap,lol  what if Dr Craig Wright was Satoshi and he had 1mill BTC, does that make BTC a scam?
Its like sayin i only drink coke, so i wont touch pepsi, lol
Crypto evolves just like everything else.
Theres no harm if you hold both lol
I hope your in the one in a mill club....21BTC  and 100ETH, or more  

oh also as for the centralised -decentrise stuff, yes your right.
But there is now a choice
Yes ETH is prob designed for business use
Billion$ businesses and banks that want involved in crypto can call the ETH team direct and recieve advice ( r3 report example )
Who do they call if they want to use btc?
Soon Rootstock will offer ETH style service which many of you are looking forward too, what then does BTC become partially centralised too?
Buy both be happy  

[JimboToronto]

Hey,

and again this thread is getting to be the hottest one around the forums!

I love to see all of the bulls and bears watching together the beginning of the greatest rally we've ever seen!


I feel like it's 2013!

January 2013 or  late October 2013?

Or April 2011? Take your pick.

[JayJuanGee]

[edited out]

cmon m8, enough of the scam crap,lol  what if Dr Craig Wright was Satoshi and he had 1mill BTC, does that make BTC a scam?

The scam crap is real when it comes to ethereum, so even if there has been nearly a 6 month long pump of ethereum, and there have been a lot of innocent folks piling onto it, that does not take away from it's scam fundamentals.  Merely because I am calling ETH a scam does not mean that it is not contributing to the crypto space in a variety of ways.  For example, it has drawn considerable interest, and there are likely some very creative people attempting to figure out innovations.  Furthermore, it likely provides a kind of vehicle in which government and financial institutions can invest and attempt to denigrate bitcoin through such ploys, but in the end, Bitcoin is very likely to continue to grow stronger.

Regarding your hypothetical point about Craig Wright being Satoshi.. such a what-if is nearly pure fantasy land.. yeah it was in the news, and yeah it got a lot of attention, but the mere fact that such a ridiculous claim got a lot of attention, and even temporarily caused negative price movement should not seriously be considered to be some kind of event that we should take into account.  But, yeah, if some goofball, such as craig wright had access or appeared to have access to 1 million bitcoin, that would surely be a bearish kind of fantasy world outcome.. but it is just that fantasy world...   At this time, there are no tangible, material and/or convincing facts to back up such ridiculous speculation.

Its like sayin i only drink coke, so i wont touch pepsi, lol
Crypto evolves just like everything else.
Theres no harm if you hold both lol
I hope your in the one in a mill club....21BTC  and 100ETH, or more  

All these above points, attempt to make convolute Ethereum matters in such a way as to suggest that it is something very similar to bitcoin.  I shouldn't have to repeat that Ethereum is missing something concrete, which makes it an item of a different category, and the part it is missing is:  decentralized, immutable permissionless.  And that makes a considerable difference.  Bitcoin has it, and no other crypto has it in any kind of meaningful way... therefore, attempting to make equivalents is misleading and deceptive and possibly devolving into disingenuousness (which you are starting to come across as, when you continue to persist with these false equivalency claims in this bitcoin thread)

oh also as for the centralised -decentrise stuff, yes your right.
But there is now a choice
Yes ETH is prob designed for business use
Billion$ businesses and banks that want involved in crypto can call the ETH team direct and recieve advice ( r3 report example )
Who do they call if they want to use btc?
Soon Rootstock will offer ETH style service which many of you are looking forward too, what then does BTC become partially centralised too?
Buy both be happy  

This last added point adds no extra value.. and pretty much agrees with my point about ETH being a coopted kind of deception.

[julian071]

$32,000 tomorrow I hope

if it hits $32k i'll be masturbating watching bitcoinwisdom.


edit: hell, wouldn´t even need to masturbate. instant come.

I could even be wait until next week for 32k. I am in no rush 

I guess I'll open a leveraged long with a target of 31.999 USD then.

[Mrpumperitis]

[edited out]

cmon m8, enough of the scam crap,lol  what if Dr Craig Wright was Satoshi and he had 1mill BTC, does that make BTC a scam?

The scam crap is real when it comes to ethereum, so even if there has been nearly a 6 month long pump of ethereum, and there have been a lot of innocent folks piling onto it, that does not take away from it's scam fundamentals.  Merely because I am calling ETH a scam does not mean that it is not contributing to the crypto space in a variety of ways.  For example, it has drawn considerable interest, and there are likely some very creative people attempting to figure out innovations.  Furthermore, it likely provides a kind of vehicle in which government and financial institutions can invest and attempt to denigrate bitcoin through such ploys, but in the end, Bitcoin is very likely to continue to grow stronger.

Regarding your hypothetical point about Craig Wright being Satoshi.. such a what-if is nearly pure fantasy land.. yeah it was in the news, and yeah it got a lot of attention, but the mere fact that such a ridiculous claim got a lot of attention, and even temporarily caused negative price movement should not seriously be considered to be some kind of event that we should take into account.  But, yeah, if some goofball, such as craig wright had access or appeared to have access to 1 million bitcoin, that would surely be a bearish kind of fantasy world outcome.. but it is just that fantasy world...   At this time, there are no tangible, material and/or convincing facts to back up such ridiculous speculation.

if its not wright...its someone else...there is a gun on btc head as we all know somebody holds 1million BTC.
Also ask why did big exchanges add ETH..it is so crypto can survive if btc fails. Do you know btc must be $600+ after halving, if it goes below for a while, miners, network, hashrate..drops , and i hope it doesnt happen, but id rather be safe than sorry.
ltrs dude