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

[mymenace]

didn't think adam would sell his account

mmmm... yeah... that kind of comments are not adam's comments... shit happens!

How hard is it to believe Adam just comes here to pump shitcoins now?

not shitcoins, shitcoin.
there's a difference.
anyway its not about the shitcoin itself its about what the shitcoin represents.
seriously, this is a very cool thing ( OMNI ) the coin itself isn't all that interesting its the functionality the "OMNI layer" provides thats exciting.
basically "OMNI layer" resides on the bitcoin blockchain
it allows you to create assets on the blockchain
it also provides a decentralized exchange for these assets.
grab a front row seat.
its going to be a good show.

yes it is a fascinating development, http://www.rsk.co/ is another one doing smart contracts on the blockchain, great news for bitcoin with all these developers showing the dream - a basic decentralised finance of exchange (btc) that can be built upon to build a decentralised financial economy

[adamstgBit]

didn't think adam would sell his account

mmmm... yeah... that kind of comments are not adam's comments... shit happens!

How hard is it to believe Adam just comes here to pump shitcoins now?

not shitcoins, shitcoin.
there's a difference.
anyway its not about the shitcoin itself its about what the shitcoin represents.
seriously, this is a very cool thing ( OMNI ) the coin itself isn't all that interesting its the functionality the "OMNI layer" provides thats exciting.
basically "OMNI layer" resides on the bitcoin blockchain
it allows you to create assets on the blockchain
it also provides a decentralized exchange for these assets.
grab a front row seat.
its going to be a good show.

yes it is a fascinating development, http://www.rsk.co/ is another one doing smart contracts on the blockchain, great news for bitcoin with all these developers showing the dream - a basic decentralised finance of exchange (btc) that can be built upon to build a decentralised financial economy

ya these things are pretty cool
each project takes a different spin on it,
this one has a coin with a two way peg.
OMNI has USDT.
Ether Tries to do it all. ( but has its own blockchain... which has proved to be week  )
It's going to be interesting to see these projects grow / compete.

[savetherainforest]

one iced coffee for me please, it's pretty hot here in NL atm.

All that snow you had a couple of weeks ago has melted?

I think you are mistaking NL with another country. I haven't seen proper snow for years. Snowy landscapes in NL are only to be found on old pictures dating back before our love of fossil fuels.

I think that depiction is from the Maunder Minimum on that french river ... hmmm... Siena? ... or something like that ... Anyway... This sideways sh!tshow is starting to piss me off... Just rip off the damn f'ing band-aid already and don't accept a price lower than 700$coco ... hmmm... ok?.. China.. u hearing me?

[Torque]

didn't think adam would sell his account

mmmm... yeah... that kind of comments are not adam's comments... shit happens!

How hard is it to believe Adam just comes here to pump shitcoins now?

not shitcoins, shitcoin.
there's a difference.
anyway its not about the shitcoin itself its about what the shitcoin represents.
seriously, this is a very cool thing ( OMNI ) the coin itself isn't all that interesting its the functionality the "OMNI layer" provides thats exciting.
basically "OMNI layer" resides on the bitcoin blockchain
it allows you to create assets on the blockchain
it also provides a decentralized exchange for these assets.
grab a front row seat.
its going to be a good show.

yes it is a fascinating development, http://www.rsk.co/ is another one doing smart contracts on the blockchain, great news for bitcoin with all these developers showing the dream - a basic decentralised finance of exchange (btc) that can be built upon to build a decentralised financial economy

ya these things are pretty cool
each project takes a different spin on it,
this one has a coin with a two way peg.
OMNI has USDT.
Ether Tries to do it all. ( but has its own blockchain... which has proved to be week   )
It's going to be interesting to see these projects grow / compete.

Actually Adam, no it's not interesting. At all.

Every new shitcoin that comes out has some sort of new "angle" or "tech twist" that the pumpers know they can exploit one day.  They buy a lot of the shit on the low for the first 6 months after launch, all the while looking for a way to hack/exploit it.  Once they have the perfect exploit in their back pocket, they run the coin up to the moon, all the while touting the "gee-whiz-it's-better-than-anything-else-especially-dinosaur-bitcoin" features.  All the n00b suckers pile in, wishing and hoping for dreams of riches, gloating that it'll take over everything 'cause it's 2.0.

Then, out of nowhere, the hack/exploit happens. The pumpers short the market, crash the coin, and all the fools watch as the price of the shitcoin plummets back to earth.

It's the same shit over and over.  Wash, rinse, repeat.

When will people ever learn?

[dumbfbrankings]

When will people ever learn?

On the way to the Porsche dealer? Who happened to have a 997 GT3 in iCEwhite with controversial steel brakes?

[Tzupy]

This is bearish...
https://www.cryptocoinsnews.com/baidus-slap-bitcoin-ban-wake-call/

[InitcoiN]

be careful, high potential to go short now... Touching upper side of a big triangle.

[adamstgBit]

didn't think adam would sell his account

mmmm... yeah... that kind of comments are not adam's comments... shit happens!

How hard is it to believe Adam just comes here to pump shitcoins now?

not shitcoins, shitcoin.
there's a difference.
anyway its not about the shitcoin itself its about what the shitcoin represents.
seriously, this is a very cool thing ( OMNI ) the coin itself isn't all that interesting its the functionality the "OMNI layer" provides thats exciting.
basically "OMNI layer" resides on the bitcoin blockchain
it allows you to create assets on the blockchain
it also provides a decentralized exchange for these assets.
grab a front row seat.
its going to be a good show.

yes it is a fascinating development, http://www.rsk.co/ is another one doing smart contracts on the blockchain, great news for bitcoin with all these developers showing the dream - a basic decentralised finance of exchange (btc) that can be built upon to build a decentralised financial economy

ya these things are pretty cool
each project takes a different spin on it,
this one has a coin with a two way peg.
OMNI has USDT.
Ether Tries to do it all. ( but has its own blockchain... which has proved to be week   )
It's going to be interesting to see these projects grow / compete.

Actually Adam, no it's not interesting. At all.

Every new shitcoin that comes out has some sort of new "angle" or "tech twist" that the pumpers know they can exploit one day.  They buy a lot of the shit on the low for the first 6 months after launch, all the while looking for a way to hack/exploit it.  Once they have the perfect exploit in their back pocket, they run the coin up to the moon, all the while touting the "gee-whiz-it's-better-than-anything-else-especially-dinosaur-bitcoin" features.  All the n00b suckers pile in, wishing and hoping for dreams of riches, gloating that it'll take over everything 'cause it's 2.0.

Then, out of nowhere, the hack/exploit happens. The pumpers short the market, crash the coin, and all the fools watch as the price of the shitcoin plummets back to earth.

It's the same shit over and over.  Wash, rinse, repeat.

When will people ever learn?

this time its different.
this time the shitcoin isn't trying to "take over everything 'cause it's 2.0"
the coin depends on bitcoin...

how would you like to trade BTC/USD in a decentralized way?
maybe you need to create a token to represent shares in your company and automatic pay out BTC dividends to holder, and do this WITHOUT a third party
decentralized crowd sale!
you like? bitcoin provides!

ethereum does Some of this but it created its own blockchain ( and that worked out REAL nice didnt )
OMNI layer is on the bitcoin blockchain, and uses bitcoin addresses and bitcoin TX to do its thing..
what's good for OMNI is good for bitcoin and vis versa.

this is permissionless innovation at its finest.

[adamstgBit]

i think we'll see a shift soon if the shitcoin isn't embedded on bitcoin's blockchain in some way its going to be totally irrlevent.

Maidsafe is and OMNI layer coin
Synereo
Tether <- ( FIAT on the blockchain! )
etc...

counterparty is also doing somthing similar, but they appear to be more focused on smart contracts ( which we know dont really work well.... a contract is not meant to be code, its simply an agreement to which meaning is implied and enforced by rule of law not rule of buggy code ) but i believe that because its on the blockchain it will be possible for OMNI and Counterparty assets(or "smart property") to integrate with each other.

[Torque]

---->>>>>>  this time its different.

This is the exact sentiment the pumpers need/use to convince the fools the buy in.

95% of the time, the Madness of Crowds works every time. And is even made with bits of real panther!

[Labumi]

---->>>>>>  this time its different.

This is the exact sentiment the pumpers need/use to convince the fools the buy in.

95% of the time, the Madness of Crowds works every time. And is even made with bits of real panther!

I think that this is not a good thing to do ", because it could give the effect that simply make life they slumped, indeed it just has the effect of temporarily when they want to be patient, but the victim is someone who needs funds fast then it's something that is detrimental. keep it running well and never grow because you drop someone

[BathSaltsDealer]

[...] it appears that some folks have moved to other exchanges (off of Bitfinex)... but we need to get some volume before we attempt to hammer any coffin nails.  

There will be no drama at the End. No drawn-out funeral processions with weeping black-veiled women, no stoic undertakers in opera hats with those weird mourning veils, no funeral dirges swelling, no nails getting pounded into coffins (AFAIK, that sort of thing went out in the 1800s, and even then -- only for the terminaly poor. Driving nails through the lacquered and hand-rubbed lid of Perma-Seal Stainless Steel Princess Deluxe? Ugh! Unthinkable.) or hysterical widows throwing themselves into the grave.

This isn't gonna be like that. It's gonna be exactly like this: Everyone leaves, in a couple of weeks the neighbors start complaining about the nasty stench coming from 4b.

Source: All crypto coins/projects ever.

Probably, we should just agree to disagree because [...]

What did I say? Was it #9? pls disregard.


http://coinmarketcap.com/currencies/bitcoin/#markets

[Torque]

Adam, you wanna know the REAL reason why Bitcoin doesn't get pumped to the moon anymore, and moving forward likely will never get pumped to the moon again?

Because they, the pumpers/hackers, completely rely on massive shorting to make the real money. But hackers know that Bitcoin's security is now rock solid.  They can't hack/exploit a flaw in the actual coin or network anymore (they could in the infancy days), and can't hack the one shitty exchange anymore that constituted 80% of it's trading volume (Mt. Gox).  The best they can do with Bitcoin now is try to hack one of its various exchanges and steal coins directly, using negative sentiment to their advantage, and this latest attempt seemed to work (Bitfinex).

But that all may change moving forward as Bitcoin's ecosystem continues to grow and mature.  Those holes will eventually get plugged for good.

So the best they that can do now is target shitcoins (and what they did with Ethereum was fucking brilliant.)

So any new shitcoin now that comes along, and gets pumped out of nowhere, should be regarded as completely dubious.  Because the grand hack is coming when the time for the crash is right. They don't pump it without already having the exploit/hack in their back pocket.

[adamstgBit]

[kobilica]

Let the bitcoin price fall.. payday is getting closer 

[gentlemand]

Because they, the pumpers/hackers, completely rely on massive shorting to make the real money. But hackers know that Bitcoin's security is now rock solid.  They can't hack/exploit a flaw in the actual coin or network anymore (they could in the infancy days), and can't hack the one shitty exchange anymore that constituted 80% of it's trading volume (Mt. Gox).  

Bitcoin had an exploit. It was plugged before anyone nefarious got their hands on it in 2010. That's the only one I've heard of apart from the 2013 hard fork. The biggest Gox hack that happened in front of everyone was rolled back and shorting didn't exist at the time anyway.

[Torque]

Because they, the pumpers/hackers, completely rely on massive shorting to make the real money. But hackers know that Bitcoin's security is now rock solid.  They can't hack/exploit a flaw in the actual coin or network anymore (they could in the infancy days), and can't hack the one shitty exchange anymore that constituted 80% of it's trading volume (Mt. Gox).  

Bitcoin had an exploit. It was plugged before anyone nefarious got their hands on it in 2010. That's the only one I've heard of apart from the 2013 hard fork. The biggest Gox hack that happened in front of everyone was rolled back and shorting didn't exist at the time anyway.

Yes, but pumpers need a hack, a valid FUD reason to dump and short into the ground.  Hacking Bitfinex gave them that.  So who's to say they won't do it again with another prominent exchange?  Or do it again to Bitfinex? (Assuming it wasn't an inside job of course).

In 2013, it was the Mt. Gox insolvency and the FUD of a China ban that gave them the massive drop they needed.

Also, Bitcoin may have a hard fork coming in the future. Who's to say that what happened to ETH/ETC (the split debacle) won't happen to Bitcoin too?  It creates confusion and fear for Average Joe in the market, and makes the whole risky proposition even worse for new comers.  

In fact if Bitcoin splits into 2 valid coin chains in the future that have to compete for the world's attention, I may finally walk away from Bitcoin forever and never look back. At that point I think many others will throw in the towel as well.

[gentlemand]

In fact if Bitcoin splits into 2 valid coin chains in the future that have to compete for the world's attention, I may finally walk away from Bitcoin forever and never look back. At that point I think many will throw in the towel.

Yeah. I probably would too. It's one thing for a crappy alt to do it, I don't think either Bitcoin would come out of it smelling too good. Your average regulator and business would probably forever strike off all crypto from their consider list as well.

[Torque]

So zooming out to 1d on the chart, from 5/24, bitcoin is just looking like your typical PnD bubble that we've seen so many times before.  A blow off top, followed by long legs down.  

Looks like it could eventually deflate all the way back to ~450.  

So Dafar, still mocking me thus far?

Quoting myself ftw.  Looks like we're just going to keep grinding down ~$10/week or so, until this bubble completely deflates.

Since there are no buyers, looks like the only thing that could put the floor in is the hashrate/mining cost, wherever that may lie. 

[Trouble821]

So zooming out to 1d on the chart, from 5/24, bitcoin is just looking like your typical PnD bubble that we've seen so many times before.  A blow off top, followed by long legs down.  

Looks like it could eventually deflate all the way back to ~450.  

So Dafar, still mocking me thus far?

Quoting myself ftw.  Looks like we're just going to keep grinding down ~$10/week or so, until this bubble completely deflates.

Since there are no buyers, looks like the only thing that could put the floor in is the hashrate/mining cost, wherever that may lie. 

It's gone down no more than $20 since then, and because of that you're predicting another massive bear market from which Bitcoin never recovers. Dafar will be mocking you in a few months when it's gone back above $600, not down to $450.