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

[pfrtlpfmpf]

There we go, as expected...wasn't too bad though was it? Let's see if we drop a bit more before bouncing back up

I think we'll see an huge dump in alts and a pump in btc today or tomorrow 

 Patiently waiting . . .

[LFC_Bitcoin]

There we go, as expected...wasn't too bad though was it? Let's see if we drop a bit more before bouncing back up

I think we'll see an huge dump in alts and a pump in btc today or tomorrow 

Hope you're right Snokkom, it's been a while since we had a serious alt bleed

[SnokkomBTC]

There we go, as expected...wasn't too bad though was it? Let's see if we drop a bit more before bouncing back up

I think we'll see an huge dump in alts and a pump in btc today or tomorrow 

Hope you're right Snokkom, it's been a while since we had a serious alt bleed

I'm quite sure

[sirazimuth]

https://dailyreckoning.com/the-death-of-bitcoin/
 

That dude will win a Pulitzer for that insightful news article.

and as is always the case with these idiotic articles, comments are epic.
already added to Bitcoin Obituaries, that didnt take long

https://99bitcoins.com/bitcoinobituaries/

[rjclarke2000]

I find it quite amazing btc holds 55% dominance over other crypto currencies and is at $1500+.

I remember not so long ago it was 86% and a far lower price.

Madness.

[tabnloz]

https://dailyreckoning.com/the-death-of-bitcoin/
 

That dude will win a Pulitzer for that insightful news article.

and as is always the case with these idiotic articles, comments are epic.
already added to Bitcoin Obituaries, that didnt take long

https://99bitcoins.com/bitcoinobituaries/

shows how far we've come in a few short years - back in 2013/2014 the comments would have been largely skeptical of Bitcoin. Now, its unanimously pro btc. We're still not mainstream yet, but taking this kind of thing as a signal, it won't be too much longer.

[bartolo]

All those articles about bitcoin's death are more a wishful thinking than anything else and the truth is that every time bitcoin dies it comes back later stronger than before, like the Hydra of Lerna, that when someone decapitated one of its heads , regenerated two new heads. Meanwhile, Bitcoin stays stable at a very good price around $1540, it will be interesting to see what happens when the "altcoin pump game" ends.

[sirazimuth]

https://dailyreckoning.com/the-death-of-bitcoin/
 

That dude will win a Pulitzer for that insightful news article.

and as is always the case with these idiotic articles, comments are epic.
already added to Bitcoin Obituaries, that didnt take long

https://99bitcoins.com/bitcoinobituaries/

shows how far we've come in a few short years - back in 2013/2014 the comments would have been largely skeptical of Bitcoin. Now, its unanimously pro btc. We're still not mainstream yet, but taking this kind of thing as a signal, it won't be too much longer.

and note how at start of cough...hack job...ehem article he states that "What you’re about to read is wildly opinionated..."
as if he knows hes gonna get lambasted in comments....and... voila!

[Red-Apple]

https://dailyreckoning.com/the-death-of-bitcoin/
 

That dude will win a Pulitzer for that insightful news article.

and as is always the case with these idiotic articles, comments are epic.
already added to Bitcoin Obituaries, that didnt take long

https://99bitcoins.com/bitcoinobituaries/

shows how far we've come in a few short years - back in 2013/2014 the comments would have been largely skeptical of Bitcoin. Now, its unanimously pro btc. We're still not mainstream yet, but taking this kind of thing as a signal, it won't be too much longer.

that is the mood swings people have been having with price. back in 2013/2014 they were experiencing the correction from Mt Gox and nobody was happy but after the reversal and the rise started by the end, the moods changed also. now we are in 2 solid years of only rise and obviously people are happier.

the funny thing is, nothing has changed bitcoin is still the same awesome cryptocurrency that is being adopted more and more every day. with Japan being the latest and biggest one in series of adoptions.

[JimboToronto]

Good morning Bitcoinland.

3rd day of consolidation in mid-$1500s... currently $1546USD (Bitcoinaverage).

Seems that $1500 is holding strong, for now. Meanwhile, the spread between the exchanges is narrowing.

Hopefully the new week will bring new highs.

[Lauda]

Bitcoin Is Less Volatile than the Euro: https://fee.org/articles/bitcoin-is-less-volatile-than-the-euro/ ; don't invest in Euro more than you can afford to lose. Oh how the tide is turning.

3rd day of consolidation in mid-$1500s... currently $1546USD (Bitcoinaverage).

I think that a lot of people thought it would heavily correct itself and thus also sold at the bottom. That's one of the reasons why this thread is quite. Consolidation at this price is very optimistic IMO. Now if miners/pools were to activate SegWit we'd probably see a very sharp rise within the year: https://twitter.com/ViaBTC/status/860933165002522625

[Qartada]

Bitcoin Is Less Volatile than the Euro: https://fee.org/articles/bitcoin-is-less-volatile-than-the-euro/ ; don't invest in Euro more than you can afford to lose. Oh how the tide is turning.

3rd day of consolidation in mid-$1500s... currently $1546USD (Bitcoinaverage).

I think that a lot of people thought it would heavily correct itself and thus also sold at the bottom. That's one of the reasons why this thread is quite. Consolidation at this price is very optimistic IMO. Now if miners/pools were to activate SegWit we'd probably see a very sharp rise within the year: https://twitter.com/ViaBTC/status/860933165002522625

Volatility in Bitcoin is a myth anyway.  Fiat has only been less volatile so far because of their control from governments and banks, but decentralised systems with a limited supply are only as volatile as the amount of people that buy and sell it regularly.

If the liquidity of Bitcoin exchanges rose, the volatility would decrease to be less than most fiat currency.  It's inherently more stable than fiat in the long term.

[kingsart]

I find it quite amazing btc holds 55% dominance over other crypto currencies and is at $1500+.

I remember not so long ago it was 86% and a far lower price.

Madness.

Bitcoin dominance has been lowered due to a few reasons like the transactions taking so much time and also due to blocksize debate, people are searching for other alternatives and going towards other stable currencies like ethereum.

This is the year of altcoins like ethereum and monero.

[leowonderful]

I find it quite amazing btc holds 55% dominance over other crypto currencies and is at $1500+.

I remember not so long ago it was 86% and a far lower price.

Madness.

Bitcoin dominance has been lowered due to a few reasons like the transactions taking so much time and also due to blocksize debate, people are searching for other alternatives and going towards other stable currencies like ethereum.

This is the year of altcoins like ethereum and monero.

Stable? Ethereum's hardly that, once those coins stop being pumped into ridiculous price ranges and people start rebuying bitcoin we'll see price on bitcoin rise up again. That can't happen without SOME resolution to the scaling debate, though.

[bitserve]

Volatility in Bitcoin is a myth anyway.  Fiat has only been less volatile so far because of their control from governments and banks, but decentralised systems with a limited supply are only as volatile as the amount of people that buy and sell it regularly.

If the liquidity of Bitcoin exchanges rose, the volatility would decrease to be less than most fiat currency.  It's inherently more stable than fiat in the long term.

So true:


YEAR 2007




YEAR 2008




* In case anyone doesn't know: Yes, the bills are for real. That's some serious devaluation in a short time, isn't it?

[BlindMayorBitcorn]

Who here is old enough to remember BTC dominance?

[york780]

Who here is old enough to remember BTC dominance?

83% in january and february lol.

You seems like you have lost faith.
Thats good!
It means that I can load some weak hands coins soon.

[DaRude]

Who here is old enough to remember BTC dominance?

Drop in BTC dominance, should wake up the miners and cause them to loose a lot of sleep, but seeing how short sighted they are with their BU push they're probably celebrating the recent rise and will continue with their power grab.

[r0ach]

This is the year of altcoins like ethereum litecoin.

Contrary to what deranged Eth shills claim, the "killer app" of blockchains is not "smart contracts".  The killer app of blockchains is currency.  The so called smart contracts are way down on the list and have no legal authority behind them whatsoever, so the best case scenario is that they would be used in a some niche market, legal arbitrage gambling cases.  

Eth is also completely centralized with no obfuscation of who is in control of what, so people involved in Eth are already acting as some form of illegal, unregulated legal services/gambling services for the people at the top of the pyramid, and people acting as transaction validators will mostly be in the same boat when it changes to PoS.  Eth is a scam and the only reason it went up is because they sent the illiquid asset premine they created out of thin air to Poloniex and margin leveraged it higher.  If 2017 is going to be the year of any altcoin, it's going to be litecoin.

[bitserve]

Who here is old enough to remember BTC dominance?

Drop in BTC dominance, should wake up the miners and cause them to loose a lot of sleep, but seeing how short sighted they are with their BU push they're probably celebrating the recent rise and will continue with their power grab.

Maybe not, I bet some are awakening already. In two hours the ViaBTC poll (https://twitter.com/ViaBTC/status/860933165002522625) ends and the results in favor of Segwit will be outstanding. I hope with that starts a change similar to what has hapenned to Litecoin in the past month.

Also the fact that Litecoin is about to activate Segwit will be an excellent test bed for the exceptics, plus we have already seen the effect it has already have on the price (almost 10x and rising).

Litecoin has shown that miner consensus is not only possible but also VERY desirable.

The scaling drama is way near to a resolution than has ever been before. And when that happens the rally will be epic.