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

[Mervyn_Pumpkinhead]

I have been away for too long, now even being employed is seen as a bad thing here.. :/ I held the ETH bags since 1.4$, selling and buying again from time to time, making about 25x+ gain from it so far. I even made about 6x with BTC in 2013. So, I'm not exactly the worst gambler and currently DASH has gotten my full attention

There we have it; altcoin bagholder. I am good with identifying the cause of people talking negatively about honey badger in a subtle way.

Not sure if sarcastic or autistic.. 

[Mervyn_Pumpkinhead]

If you have to keep your money in a currency that is specifically created to lose value as a feature, you're doing it wrong. Hopping back and forth between currencies is the source of most problems when it comes to crypto.

If you hope to get rich while sitting on your wealth while doing nothing, then you're doing it wrong

[Mervyn_Pumpkinhead]

weird. i just paid to rent a holiday house in america with bitcoin.

these assholes didn't take cards. i would've had to create a dollar check and post it to america. including post, check creation and cashing it, it would've taken several weeks.

instead i told them to go to bitpay and sign up. one hour later it was fully paid for.

Is this story from the book "Things that never happened" or is it a totally different story? I've also read the story about a merchant, who didn't accept CCs, but instead went right to bitpay to accept BTC instead

[Ted E. Bare]

I know the lines are pretty random, but they LOOK relevent dont they  
right, but correction or bearish trend, just didnt sound scary enough.

I'm sorry for your loss. RIP bears.

[Torque]

If you have to keep your money in a currency that is specifically created to lose value as a feature, you're doing it wrong. Hopping back and forth between currencies is the source of most problems when it comes to crypto.

If you hope to get rich while sitting on your wealth while doing nothing, then you're doing it wrong

If you think of a cryptocurrency like a fad and it's long term success or failure based purely on which direction its price is moving in the short term, then you're doing it wrong.

[york780]

bitcoin market cap now is  79.7%. Volume is only 33 % higher than Ethereum. Whats going on ?

[European Central Bank]

bitcoin market cap now is  79.7%. Volume is only 33 % higher than Ethereum. Whats going on ?

no etf relief? that would've put bitcoin head and shoulders above anything else in terms of perception even if the reality ain't so impressive. now they can continue with their 'bitcoin killer' narrative.

[Torque]

bitcoin market cap now is  79.7%. Volume is only 33 % higher than Ethereum. Whats going on ?

Simple explanation:
A lot of small time traders with mucho $$$ came wading in on the upcoming ETF announcement. When SEC said 'no' and thus no Bitcoin moon, they decided to take all that $$$ and pump altcoins instead.  

The fall will be a long way down for them...  

[york780]

Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.

[york780]

Maybe thats it. Then we dont have to worry. But what if it is because of the hard fork rumours? Vinny lingham sold his stash because of it. Africoin takes it in his charts. Vinny Lingham is right most of the time. It just looks strange to me thats all.

[gentlemand]

Maybe thats it. Then we dont have to worry. But what if it is because of the hard fork rumours? Vinny lingham sold his stash because of it. Africoin takes it in his charts. Vinny Lingham is right most of the time. It just looks strange to me thats all.

Anyone 'hedging' with alts is likely to get a large kick in the bollocks if BTC does fragment. No shitcoin would save you from the fallout. I think I'd be walking before that happened.

If it can happen once in these deeply odious circumstances then it can carry on happening until there's nothing left.

[Torque]

Maybe thats it. Then we dont have to worry. But what if it is because of the hard fork rumours? Vinny lingham sold his stash because of it. Africoin takes it in his charts. Vinny Lingham is right most of the time. It just looks strange to me thats all.

If Vinny Lingham sold all his Bitcoin because he thinks we should all go into 'panic mode' over a potential contentious HF, then either he is a poor investor (weak hand), a colluder, or a con artist.

He's also been calling for an Altcoin crash (which I agree will happen, but would be pretty normal behavior after a massive PnD).

Remember, Mike Hearn has been pretty dead wrong after he supposedly sold all his bitcoin, and people hung on his every word too.

[JimboToronto]

Good AM Bitcoinland.

Quiet around here today. Mostly talk about hardware wallets with a little bit of alt shilling and bull/bear banter.

Meanwhile the price of Bitcoin keeps creeping upward... currently $1223USD at Bitcoinaverage.

For cold storage, I'll stick to "paper" which can really be anything from encrypted flash to actual ink and paper. It's cheap and secure.

Alt coins? Go ahead if you're so inclined. Some folks like to collect china dolls, plates and figurines. Others prefer fine art and musical instruments. There's no accounting for taste. Just don't think your numbered prints are fine art.

As for bulls and bears, I think the bears have suffered enough lately. I was far more inclined to post bear denigration images when they were swaggering so obnoxiously back in 2014-5. Let them lick their wounds in peace.  

[Mervyn_Pumpkinhead]

If you think of a cryptocurrency like a fad and it's long term success or failure based purely on which direction its price is moving in the short term, then you're doing it wrong.

If you think that you can make long term predictions with crypto, then you're either incredibly smart or incredibly stupid

Cryptos are like blunt knives that are made out of innovative material. The material truly is amazing and the right salesman can actually sell these knives by getting people excited about the innovation side, while helping them forget that the knife is actually useless in practical work.
If you want to predict crypto, then you have to predict what will get people excited and how will the people holding most weight in the market benefit from it. Doing that in long-term perspective seems difficult to me. And if you try to predict crypto by what gets you excited, then you're gonna have a bad time.

[Torque]

If you think of a cryptocurrency like a fad and it's long term success or failure based purely on which direction its price is moving in the short term, then you're doing it wrong.

If you think that you can make long term predictions with crypto, then you're either incredibly smart or incredibly stupid

Cryptos are like blunt knives that are made out of innovative material. The material truly is amazing and the right salesman can actually sell these knives by getting people excited about the innovation side, while helping them forget that the knife is actually useless in practical work.
If you want to predict crypto, then you have to predict what will get people excited and how will the people holding most weight in the market benefit from it. Doing that in long-term perspective seems difficult to me. And if you try to predict crypto by what gets you excited, then you're gonna have a bad time.

Spoken like a true two-bit day trader.

You and MatD buddies? Lol

[Mervyn_Pumpkinhead]

Spoken like a true two-bit day trader.

You and MatD buddies? Lol

01

[silverfuture]

Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.

Imagine the walls we'll observe when that value comes back into Bitcoin.

[york780]

Thats true. I hodl. I think that the Segwit vs BU is the last horde that bitcoin has to take before it moons.

[Johnny00]

Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.

Imagine the walls we'll observe when that value comes back into Bitcoin.

BTC doesn't have a catalyst to go higher right now so people see a stable BTC price and will go into altcoins. Hence the pump. after the pump i assume money will go into LEGIT projects. BTC should be flat next few months

[Dafar]

Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.

Imagine the walls we'll observe when that value comes back into Bitcoin.

BTC doesn't have a catalyst to go higher right now so people see a stable BTC price and will go into altcoins. Hence the pump. after the pump i assume money will go into LEGIT projects. BTC should be flat next few months

How about increasing demanding and limited supply?

We always need a catalyst to move up? What is the catalyst in these alts? "hey bitcoin's not going anywhere, let's yolo in one of these alts that might pump for no reason"