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

[nururochac]

Good morning Bitcoinland.

Still going sideways. Starting day three now.



Should be right on schedule for the next leg up within a few days.

Price getting stabilize now, I think this is real and not a manipulative price that are being told because of chinese investors shifting to bitcoin.

[Syke]

He tried to cherry-pick + doesn't know how to read charts

Says the guy that cherry-picks when he posts a graphic.

I might have made a typo. Here, check my work:

Mar 15:
BTC = $417.24
ETH = .03076570 BTC = $12.836680668

1000 / 417.24 = 2.396702138 BTC
1000 / 12.836680668 = 77.901758707 ETC

Jun 15:
BTC = $681.89 * 2.396702138 = $1634.287220881
ETH = $18.49 * 77.901758707 = $1440.403518492

Ok, not as bad. ETH is getting a big boost on BTC's coattails, but BTC still outperforms. The ETH pump is over. Go back to the altcoin forum.

[adamstgBit]

all aboard the crazy train.

[JimboToronto]

I see the troll-bears and alt-shills are in full wank mode today.



Luckily they tend to stfu on weekends lately.

 

[bitconerian]

He tried to cherry-pick + doesn't know how to read charts

Says the guy that cherry-picks when he posts a graphic.

I might have made a typo. Here, check my work:

Mar 15:
BTC = $417.24
ETH = .03076570 BTC = $12.836680668

1000 / 417.24 = 2.396702138 BTC
1000 / 12.836680668 = 77.901758707 ETC

Jun 15:
BTC = $681.89 * 2.396702138 = $1634.287220881
ETH = $18.49 * 77.901758707 = $1440.403518492

Ok, not as bad. ETH is getting a big boost on BTC's coattails, but BTC still outperforms. The ETH pump is over. Go back to the altcoin forum.

Lol @ "typo" Even with cherry-picked dates, at the crest of the bitcoin pump, still can't come up with impressive numbers. Not like ETH's x16 rise in less than a year, currently @ ATH
And a pro tip for you: When riding someone's coattails, you can't go faster then they are going. Not like this:
https://s32.postimg.org/xu0m56sxx/Capture.jpg
...but you believe what you wanna believe, I'm sure this here bitcoin nag has a few good pumps left in her.

[adamstgBit]

32,000$ / BTC
Sooooon!

[Torque]

I see the troll-bears and alt-shills are in full wank mode today.

Luckily they tend to stfu on weekends lately.

 

That's because they only get paid to shill/troll Monday through Friday.  It's a full work week for them ya know, so they gotta let off steam on the weekends.  

[chesthing]

Ethereum's rise this year pales by comparison to past bitcoin rises. And anyway, I will never buy a single ETH - to me it's just another alt I missed out on. There are too many who feel the same as me for it to ever overtake bitcoin.

[matt4054]

700 is coming back this week for sure.

Hey guys, it's summer again, so just smile

[JimboToronto]

I'd like to make a suggestion to the moderators:

Any post that mentions an alt-coin by name or posts any graphic containing an alt-coin name should be moved to the alt-coin folder.

Clean the garbage out.

[bitconerian]

Ethereum's rise this year pales by comparison to past bitcoin rises. And anyway, I will never buy a single ETH - there are too many who feel the same as me for it to ever overtake bitcoin.

Huh? Are you talking about the very first one, from $17? Surely not the $1200 Willypump, which was only x10.
And, of course, both were obvious pumps, not like Ether's natural, organic growth that goes hand in hand with its superior technology.

[r0ach]

1/2 of volume was shorts and Bitcoin is still going straight up lol:

Just like at the start of the rally when the west originally hit $480, the west just became more bullish than China and converged upwards while China was asleep, temporarily reaching higher prices than China with the west forming an upward channel at the same time.

[chesthing]

Ethereum's rise this year pales by comparison to past bitcoin rises. And anyway, I will never buy a single ETH - there are too many who feel the same as me for it to ever overtake bitcoin.

Huh? Are you talking about the very first one, from $17? Surely not the $1200 Willypump, which was only x10.
And, of course, both were obvious pumps, not like Ether's natural, organic growth that goes hand in hand with its superior technology.

You are comparing a coin market cap that went from nothing to $11b to one that went from $15m to $1b - alrighty then.

[JimboToronto]

... the very first one, from $17?...

I don't usually respond to trolls but I just had to call bullshit on that one.

Have you forgotten about when it went from under a dime in Oct 2010 to over $30 the following June?

[Syke]

Not like ETH's x16 rise in less than a year, currently @ ATH

That's how all altcoins go. We've seen it thousands of times before. There's an initial pump, then they fade into oblivion. ETH got it's pump 3 months ago. Since then it's been basically flat.

This section is for the speculation and discussion of bitcoin's value.

Some general guidelines:

• Speculation of alternate cryptocurrency belongs in Alternate cryptocurrencies.

Go away.

[savetherainforest]

1/2 of volume was shorts and Bitcoin is still going straight up lol:

Just like at the start of the rally when the west originally hit $480, the west just became more bullish than China and converged upwards while China was asleep, temporarily reaching higher prices than China with the west forming an upward channel at the same time.

The West wants to see the Moon ... but they wait China space program to launch their rockets first so they can feel more confident the stratosphere is safe from radioactive meteorshills coming towards Earth!

[r0ach]

not like Ether's natural

Have fun losing everything holding your Ethereum scamcoin:

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.

[Ted E. Bare]

Please all report bitconerian's posts to the moderators. ETH discussion is not here.

[julian071]

LTC is up, most altcoins are down or going down. Time for the next BTC rise =D

[criptix]

not like Ether's natural

Have fun losing everything holding your Ethereum scamcoin:

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.

Did you miss out the 1$ to 18$ fall?