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

[Torque]

It amuses me when maximalists confuse an 'ought' (or 'can') with an 'is'. The reality is that businesses troll traders are obliviously just getting on and using non-bitcoin blockchains (= alts shitcoins) for all kinds of things fleecing newbs out of their $$$ without any regard to those arguments.

FTFY

[Paashaas]

Even the most unknown altcoins are getting pumped, incredible...

I know there is a sucker born every minute but do they all think that all those coins are the same as Bitcoin? This will turn into a mega bloodbath.

ETH is taking over Bitcoin must the biggest joke, they are up for a big suprise when Rootstock will take over ETH

[Cassius]

It amuses me when maximalists confuse an 'ought' (or 'can') with an 'is'. The reality is that businesses troll traders are obliviously just getting on and using non-bitcoin blockchains (= alts shitcoins) for all kinds of things fleecing newbs out of their $$$ without any regard to those arguments.

FTFY

Plenty of those. But plenty of innovation and legit businesses too. Argue with the market if you want!

[European Central Bank]

Even the most unknown altcoins are getting pumped, incredible...

I know there is a sucker born every minute but do they all think that all those coins are the same as Bitcoin? This will turn into a mega bloodbath.

the thing that people are forgetting is that alts are taking off in places like korea. i think that's where much of the ripple buying is taking place. all it takes is one new market to get excited and it blows all the current ones out of the water for a while.

[Richard Branson]

Even the most unknown altcoins are getting pumped, incredible...

Nothing bad about that. Just sell all the way up (back to BTC).
You can easily double for BTC holdings withing a few weeks without much risk. 10x (or more) increses in BTC portfolio are not for the faint of heart.

[Meuh6879]

Even the most unknown altcoins are getting pumped, incredible...

[Torque]

Even the most unknown altcoins are getting pumped, incredible...

I know there is a sucker born every minute but do they all think that all those coins are the same as Bitcoin? This will turn into a mega bloodbath.

the thing that people are forgetting is that alts are taking off in places like korea. i think that's where much of the ripple buying is taking place. all it takes is one new market to get excited and it blows all the current ones out of the water for a while.

Actually you touched on another thing that newbs just don't understand, that there are nationality-specific altcoins that are being traded around the world as well. You won't see these listed on coinmarketcap.com or even on the major exchanges, but if you go translate on certain countries forums you see them being discussed. For example China has hundreds of asian-specific altcoins and derivatives that they trade, and I'm pretty sure other countries do as well. These are all scamcoins designed to siphon money off of gullible newbs who are just out to get rich quick.

All the special snowflakes can't be special if there are thousands of them... and only known about by the locals.

[podyx]

Can't believe ETH hasn't crashed yet.

What dumb fucks are actually holding that?

[spooderman]

Can't believe ETH hasn't crashed yet.

What dumb fucks are actually holding that?

example:

https://www.youtube.com/watch?v=fUVTb8-i93s

[kromer]

The reality is that businesses are obliviously just getting on and using non-bitcoin blockchains (= alts) for all kinds of things without any regard to those arguments.

They aren't. It is all just a marketing strategy to appear blockchain-friendly / forward-thinking without associating themselves with the negative public image of Bitcoin (drugs, hackers, etc).

Bitcoin still works fine. Zero confirmation transactions are generally safe. Alt coins bring nothing new and have no advantages over Bitcoin.

[CistaCista]

Less than 1% difference between Stamp and Bitfinex.
I didn't follow, did they fix Finex?

[julian071]

The reality is that businesses are obliviously just getting on and using non-bitcoin blockchains (= alts) for all kinds of things without any regard to those arguments.

They aren't. It is all just a marketing strategy to appear blockchain-friendly / forward-thinking without associating themselves with the negative public image of Bitcoin (drugs, hackers, etc).

Bitcoin still works fine. Zero confirmation transactions are generally safe. Alt coins bring nothing new and have no advantages over Bitcoin.

It's this uninformed and complacent attitude that is the only real threat to BTC.

[Nagadota]

The reality is that businesses are obliviously just getting on and using non-bitcoin blockchains (= alts) for all kinds of things without any regard to those arguments.

Zero confirmation transactions are generally safe. Alt coins bring nothing new and have no advantages over Bitcoin.

-Zero confirmation transactions are not safe.  They are not safe.

-Altcoins can bring new things.  It all depends on the specific altcoin.  However, Bitcoin should be adaptable and it wouldn't make sense for people to jump ship as soon as there's a problem - if that happened, there'd be a new coin every week. 

People who are annoyed should help contribute towards a side that they support by running the desired node, mining on a pool that supports their side, or contributing towards a UASF if they want that.

[BlindMayorBitcorn]

It amuses me when maximalists confuse an 'ought' (or 'can') with an 'is'. The reality is that businesses troll traders are obliviously just getting on and using non-bitcoin blockchains (= alts shitcoins) for all kinds of things fleecing newbs out of their $$$ without any regard to those arguments.

FTFY

That's happening too. But it's probably incidental. There's an obvious market need for small transactions that Bitcoin has become incapable of filling. Alts are here to stay.

[Dabs]

Zero Conf are generally not safe, however, they are reasonable safe as long as they satisfy a few criteria:

1. No detected double spend attempts within 10 seconds after first seeing the transaction on the network.
2. Has paid at least the minimum transaction fee shown on https://bitcoinfees.21.co/
3. Has propagated to about 80% to 90% of nodes on the network.

[OROBTC]

Zero Conf are generally not safe, however, they are reasonable safe as long as they satisfy a few criteria:

1. No detected double spend attempts within 10 seconds after first seeing the transaction on the network.
2. Has paid at least the minimum transaction fee shown on https://bitcoinfees.21.co/
3. Has propagated to about 80% to 90% of nodes on the network.

^^ And that is excellent information.

From here on (at least for a while), I will be paying more than is suggested by bitcoinfees.21.  Most of my (outgoing anyway) trx are important (to me), and I want a fast confirmation.  So, I pay up.  I don't want my $200 trx held up for a long time because I am too cheap.

Speed is important for me.

(And thank you, Dabs, for helping me to get started w/ PGP several months ago, I use it fairly frequently)

[cmacwiz]

Can't believe ETH hasn't crashed yet.

What dumb fucks are actually holding that?

example:

https://www.youtube.com/watch?v=fUVTb8-i93s

I am so conflicted. I live to HODL but I yearn to dump on people like this

[spooderman]

Can't believe ETH hasn't crashed yet.

What dumb fucks are actually holding that?

example:

https://www.youtube.com/watch?v=fUVTb8-i93s

I am so conflicted. I live to HODL but I yearn to dump on people like this

well that's easy.

hodl bitcoin

dump ETH.

[Torque]

It amuses me when maximalists confuse an 'ought' (or 'can') with an 'is'. The reality is that businesses troll traders are obliviously just getting on and using non-bitcoin blockchains (= alts shitcoins) for all kinds of things fleecing newbs out of their $$$ without any regard to those arguments.

FTFY

That's happening too. But it's probably incidental. There's an obvious market need for small transactions that Bitcoin has become incapable of filling. Alts are here to stay.

99.7% bitcoin troll trading, FOMO buying as a store of value, or currently spamming the network
0.3% or less people trying to buy a coffee or some other real world transaction (like buying drugs, gambling, etc.)

And I'm being generous, the real ratio is probably way worse than this. So the farcical arguments really need to stop.

[cmacwiz]

Can't believe ETH hasn't crashed yet.

What dumb fucks are actually holding that?

example:

https://www.youtube.com/watch?v=fUVTb8-i93s

I am so conflicted. I live to HODL but I yearn to dump on people like this

well that's easy.

hodl bitcoin

dump ETH.

done