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

[Wekkel]

and maybe we can attribute some of that bitcoin bullishness to the various alt coin (aka shitcoin) pumps? [...]  

It seems more prudent to speak about 'major network' with first mover advantage (Bitcoin) versus smaller networks as potential runner ups because different features and more flexibility (aka altcoins). LTC is an excellent example of potential runner up with recent Segwit implementation (talk about high risk/reward right now compared to Bitcoin developer's deadlock....).

The term 'shitcoin' only reveals irrelevant bias.

[DaRude]

I guess the demand was under estimated upidy up we go again.

[Ted E. Bare]

This is why you buy EVERY dip.

[Meuh6879]

But i don't have cash on week-end to buy bitcoins ... only on working days.

[CoinHoarder]

CHOOO CHOOOO.  

I'm glad I hopped back on the train at $1750

I guess we are headed for $2k in a matter of a couple weeks or less?

I still think a correction can come at any moment in the next few weeks, but I will enjoy the ride up while it lasts!

Congrats hodlers, it looks like the rally isn't over yet!

[spooderman]

But i don't have cash on week-end to buy bitcoins ... only on working days.

That's what causes the dips.

$2k in a matter of a couple weeks or less?

Wednesday.

[JayJuanGee]

and maybe we can attribute some of that bitcoin bullishness to the various alt coin (aka shitcoin) pumps? [...]  

It seems more prudent to speak about 'major network' with first mover advantage (Bitcoin) versus smaller networks as potential runner ups because different features and more flexibility (aka altcoins). LTC is an excellent example of potential runner up with recent Segwit implementation (talk about high risk/reward right now compared to Bitcoin developer's deadlock....).

The term 'shitcoin' only reveals irrelevant bias.

The term "shitcoin" suggests that a large majority of them are pump and dumps with little to no current value - even though they may have a large number of theoretical (and possibly later) actual implementations that contribute to the crypto space.

They are largely riding off the coat tails of bitcoin, but it is likely also, that bitcoin profits from the large amount of money that they seem to be attracting into the space with a large number of scams, while at the same time having some innovations too (in theory).

So, the term "shitcoin" likely fits pretty well (especially when we are in a "bitcoin" thread), to summarize and to refer to the impact of the various alts, even if the reality of the reference comes off as a bit denigrating.


Edit:    By the way, you seem to be referring to Bitcoin as some kind of unfair - first mover advantage, as if bitcoin is somehow not very valuable and as if the imitation pump and dumps have some kind of similar and equivalent value - which frequently is how a lot of the alt pumpers like to refer to bitcoin.. to act as if bitcoin is not contributing much of anything, and it just happens to be in front because it started first...

What a bunch of bullshit!!!!   

Let's think about it.  There is something to the invention that bitcoin brings to the table and that is proof of work and solving of the byzantine general's problem... This had NEVER been accomplished previously.  It is not that bitcoin just happens to be some kind of thing that no one else thought of, it is the implementation of several years that caused the imitations from various other cryptos.. Some of those other cryptos are adding value to the space, but a large majority are not - except for the fact that they may be drawing attention to the space and maybe bringing people into the space who would not otherwise have gotten into the space.

[bitserve]

But i don't have cash on week-end to buy bitcoins ... only on working days.

That's where leveraging comes really useful (instead for going full retard on gambling): You can buy the dip at that instant. Then transfer the funds and settle the position when they arrive some days later.

Just never open a position that is more than a small porcentage (ie: less than 30%) of your trading funds/collateral unless you really know what your doing and want to engage in leverage trading.

[gembitz]

Bitcoin pumping up to $2000 yet? :-D

~also radar FLORINS(bitcoin core peeps)

it's going to skyrocket!!! 

[sirazimuth]

CHOOO CHOOOO.  

I'm glad I hopped back on the train at $1750

I guess we are headed for $2k in a matter of a couple weeks or less?

I still think a correction can come at any moment in the next few weeks, but I will enjoy the ride up while it lasts!

Congrats hodlers, it looks like the rally isn't over yet!

well truth be told, the rally actually started on   2009-01-09 02:54:25
and has been going strong ever since....

[Ted E. Bare]

Buy high, sell higher.

[JayJuanGee]

CHOOO CHOOOO.  

I'm glad I hopped back on the train at $1750

I guess we are headed for $2k in a matter of a couple weeks or less?

I still think a correction can come at any moment in the next few weeks, but I will enjoy the ride up while it lasts!

Congrats hodlers, it looks like the rally isn't over yet!

well truth be told, the rally actually started on   2009-01-09 02:54:25
and has been going strong ever since....

I cannot really disagree with you; however,  a funny thing is that there can several ways to frame the current rally matter, and we do not always know while it is happening whether or not it is continuing or reversing, and really this current rally could be considered a bull run that started in late 2015 - and started from about the mid-$200s.

At the time (in late 2015), a large number of us did not realize that the trend was reversing or that we were in the beginning of a rally, but by early 2016 and moreso by late May 2016, the current rally was confirmed when the bears could no longer keep prices below $500 - and the rest (at least this current rally) is history... .and at this point we remain in a pretty decent ongoing bull market that is increasingly likely to bring us into the $3k to $5k price territory before it reverses (at least temporarily, in order to consolidate and regroup)...

[CoinHoarder]

Bitcoin pumping up to $2000 yet? :-D

~also radar FLORINS(bitcoin core peeps)

it's going to skyrocket!!!  

May I ask why you suggest Florins to Bitcoin core peeps specifically? I understand Florincoins are used in the decentralized internet protocol Alexandria. They seem interesting because of that. If Alexandria takes off, then they will likely be valuable.

I wish I would of picked some up when I first heard of Alexandria a coupleish years back. They were mega pumped the past 24 hours. Is there any reason for the huge pump, or are people just looking for stuff that is still undervalued in the generally massively over valued alt coin bull market?

I may invest a little, but I will wait for a correction.

[bitserve]

I am starting to think that this week we will have at least an attempt at $2000, or maybe even a breakout if we have a small flash dip between $1800-$2000 before the attempt.

[MinermanNC]

Notice over the last few months BTC may hit a pot hole or 2 or a dip in the road, but what's different these days, is it gets quickly back up to speed and carry's on. Didn't used to do that. 

[bitserve]

Notice over the last few months BTC may hit a pot hole or 2 or a dip in the road, but what's different these days, is it gets quickly back up to speed and carry's on. Didn't used to do that. 

I think that change is because now there is more "fast funds" available. There are many more exchanges available and also LOTS of funds on the alts markets. Before, it was needed some delay for funds to be transferred from banks to exchanges, now it's just a matter of switching coins when Bitcoin "gets cheaper".

Also there is a giant pressure upwards fueled by the crazy rise alts have had in the last couple of months that almost make Bitcoin be incredibly stable (and undervalued) in comparison. Ie: Ripple 1/4 of Bitcoin's market cap? What sort of joke is that?

[MinermanNC]

Notice over the last few months BTC may hit a pot hole or 2 or a dip in the road, but what's different these days, is it gets quickly back up to speed and carry's on. Didn't used to do that. 

I think that change is because now there is more "fast funds" available. There are many more exchanges available and also LOTS of funds on the alts markets. Before, it was needed some delay for funds to be transferred from banks to exchanges, now it's just a matter of switching coins when Bitcoin "gets cheaper".

Also there is a giant pressure upwards fueled by the crazy rise alts have had in the last couple of months that almost make Bitcoin be incredibly stable (and undervalued) in comparison. Ie: Ripple 1/4 of Bitcoin's market cap? What sort of joke is that?

Ya you pretty much nailed it. Lots of cash in alts and which I have always felt is an underlying stability factor for BTC. And ya fast funds has to be some of it too, I hadn't weighed that factor yet lol,  and then there's ripple 

[HyphyBTC]

http://imagizer.imageshack.us/a/img923/1109/qC4LQ5.gif

I can not buy cheap bitcoins on monday !




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http://imagizer.imageshack.us/a/img924/167/kjGLmL.gif

Just wait until after the ETF decision on Monday.

[DaRude]

Notice over the last few months BTC may hit a pot hole or 2 or a dip in the road, but what's different these days, is it gets quickly back up to speed and carry's on. Didn't used to do that.  

I think that change is because now there is more "fast funds" available. There are many more exchanges available and also LOTS of funds on the alts markets. Before, it was needed some delay for funds to be transferred from banks to exchanges, now it's just a matter of switching coins when Bitcoin "gets cheaper".

Also there is a giant pressure upwards fueled by the crazy rise alts have had in the last couple of months that almost make Bitcoin be incredibly stable (and undervalued) in comparison. Ie: Ripple 1/4 of Bitcoin's market cap? What sort of joke is that?

Ya you pretty much nailed it. Lots of cash in alts and which I have always felt is an underlying stability factor for BTC. And ya fast funds has to be some of it too, I hadn't weighed that factor yet lol,  and then there's ripple  

Yep all that money in shitcoins is waiting for a "correction" to jump back in. So what will happen if they don't see that correction  

[BlindMayorBitcorn]

Bitcoin pumping up to $2000 yet? :-D

~also radar FLORINS(bitcoin core peeps)

it's going to skyrocket!!!  

May I ask why you suggest Florins to Bitcoin core peeps specifically? I understand Florincoins are used in the decentralized internet protocol Alexandria. They seem interesting because of that. If Alexandria takes off, then they will likely be valuable.

I wish I would of picked some up when I first heard of Alexandria a coupleish years back. They were mega pumped the past 24 hours. Is there any reason for the huge pump, or are people just looking for stuff that is still undervalued in the generally massively over valued alt coin bull market?

I may invest a little, but I will wait for a correction.

These posts gave me cancer. Double ignored. Boom.