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

[JimboToronto]

Can one of you explain why there's such vitriolic anti-ETH sentiment here? It seems to be more than just the usual competitive banter

My guess is that both Ethereum and Ripple are centralized coins run by slick businessmen who can create unlimited coins as they desire.

Both are despised. Honest Bitcoin clones like Litecoin are better tolerated.

[European Central Bank]

Hey, I've not been frequenting the forums as much as I used to. Can one of you explain why there's such vitriolic anti-ETH sentiment here? It seems to be more than just the usual competitive banter

because deep down it means less dollars for bitcoin holders, but most of them won't admit this out in the open.

it's also pissed all over the core principles of crypto but that's far less important.

[chopstick]

Poloniex is retarded, millions of dollars pump random shitcoins at complete random. And the thousands of traders just jump on at any given time or moment, with no rhyme or reason or logic.

Hence why Bytecoin, Stellar, Ripple etc etc have all jumped up in value to retarded levels.

I mean seriously, Bytecoin? Stellar? WTF?

One could have made a fortune on almost any coin just by investing in shitcoins 3 months ago on poloniex and holding for 3 months.

[JayJuanGee]

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 

Hey, I've not been frequenting the forums as much as I used to. Can one of you explain why there's such vitriolic anti-ETH sentiment here? It seems to be more than just the usual competitive banter

Hello???


This is not an ethereum or alt coin thread... .Does that help to explain?

[micalith]

Can one of you explain why there's such vitriolic anti-ETH sentiment here? It seems to be more than just the usual competitive banter

My guess is that both Ethereum and Ripple are centralized coins run by slick businessmen who can create unlimited coins as they desire.

Both are despised. Honest Bitcoin clones like Litecoin are better tolerated.

Ripple is indeed fully centralised greed machine, which I think has a chance of turning out like the Lloyds insurance group, where allot of people loose allot of money as soon as one point of failure (in this case, the necessary TRUST in Ripple management) is compromised. Although it had a pre-mine, Ethereum isn't centralised like Ripple, and from what I heard, the mining is less centralised than Bitcoin currently is, though I read that quite a while ago so things might have changed since then.

The infinite Ether coins thing, I agree, doesn't sit well with me, but I gather there's a functional necessity for that. Some day I'll get round to reading more white papers...

But yeah, I see where people are coming from now, thanks Jimbo

[Torque]

Can one of you explain why there's such vitriolic anti-ETH sentiment here? It seems to be more than just the usual competitive banter

My guess is that both Ethereum and Ripple are centralized coins run by slick businessmen who can create unlimited coins as they desire.

Both are despised. Honest Bitcoin clones like Litecoin are better tolerated.

On Ethereum, not to mention the following:

1. Vitalik himself said that he didn't create Ethereum to be a competitor to Bitcoin (i.e., apples vs. oranges) and didn't think of it as a traditional cryptocurrency at all. He didn't believe it should even hold value. Its focus is primarily for smart contracts and intelligent apps.
2. Centralized: 70M out of 90M originally premined, crowd sale, float is tiny. Vitalik himself stands the most to benefit from higher price. It goes to the moon, he personally will be the crown prince.
3. No long term cap
4. HUGE attack vector compared to Bitcoin. More hacker surprises are likely.
5. Forks constantly
6. No merchant adoption or support that I can see
7. Likely to change to POS, which sucks even more.
8. Anything that big industry promotes (i.e., IBM, Microsoft, banks, etc.) is highly suspect.
9. Currently getting pumped with mega margin by troll traders, WAAAY overvalued, definitely in a bubble

-- annnndd lastly---

10. THE NAME SUX BIGTIME

[elrippo]

BTC is not made for micropayments in terms of seconds with this idiotic mempoolsize, absoloutely not.

Example: Wanted to pay the pizzas with a beer for my girlfriend and myself at 2109 ó clock, did the payment with max fee on bitpay. After 15min bitpay didn't receive my payment and i had to pay the purchase at my local pizzastore cash. One hour after i did the initial payment, it was still in the mempool.

Gavin, BTC will not make the adoption with this absurd mempool size limitation, i still prefer XMR Monero, hence there is no kind of mempool and/or blocksize limit --> noted this to my local pizza store 

[B1tUnl0ck3r]

Zcashclassic (ZCL) got :



massive!

some were able to grap a 500k sat coin @ 10k sat and lower in a matters of seconds... and back @ 200k sat.

[JayJuanGee]

I can't believe that people allow themselves to get suckered by obvious intimidation walls like the ask wall at $1925 at Stamp.

If it had gotten nibbled, it almost surely would have been pulled.

 

It appears that they were not bluffing.

There were more than 800 coins at $1925

490 BTC were bought immediately (about 10 minutes ago), and then another 100 nibbled.

Currently (as I type), 250 coins still there, and have not been pulled yet.

Either way, its days look numbered.... Is days the right word?

[kurious]

Poloniex is retarded, millions of dollars pump random shitcoins at complete random. And the thousands of traders just jump on at any given time or moment, with no rhyme or reason or logic.

Hence why Bytecoin, Stellar, Ripple etc etc have all jumped up in value to retarded levels.

I mean seriously, Bytecoin? Stellar? WTF?

One could have made a fortune on almost any coin just by investing in shitcoins 3 months ago on poloniex and holding for 3 months.

So did you?

If you had, maybe you would have cashed out on Polo, which - unless you want USDT - would have been by buying BTC.

All Polo alt prices are basically in BTC - it's the exchange with the biggest BTC turnover in the world. Maybe it's a positive factor where we are?

Just saying, it's not all bad news.

[European Central Bank]

Poloniex is retarded, millions of dollars pump random shitcoins at complete random. And the thousands of traders just jump on at any given time or moment, with no rhyme or reason or logic.

Hence why Bytecoin, Stellar, Ripple etc etc have all jumped up in value to retarded levels.

I mean seriously, Bytecoin? Stellar? WTF?

One could have made a fortune on almost any coin just by investing in shitcoins 3 months ago on poloniex and holding for 3 months.

So did you?

If you had, maybe you would have cashed out on Polo, which - unless you want USDT - would have been by buying BTC.

All Polo alt prices are basically in BTC - it's the exchange with the biggest BTC turnover in the world. Maybe it's a positive factor where we are?

Just saying, it's not all bad news.

then you have to pull it out of poloniex. unless you got lucky then you're probably still stuck at $2000 a day because they're so slow to verify you. so if you have a true fortune it's gonna take you months to get out.

[Meuh6879]

it's the exchange with the biggest BTC turnover in the world.

and a giant honey pot, too ...
remember bitfinex ?

https://www.youtube.com/watch?v=CN4RdrN80ic

[B1tUnl0ck3r]

it's the exchange with the biggest BTC turnover in the world.

and a giant honey pot, too ...
remember bitfinex ?

https://www.youtube.com/watch?v=CN4RdrN80ic

when this one will explode...

[JimboToronto]

I can't believe that people allow themselves to get suckered by obvious intimidation walls like the ask wall at $1925 at Stamp.

If it had gotten nibbled, it almost surely would have been pulled.

 

I guess I was wrong about that. Unlike similar bid walls on the recent way up which were pulled almost in their entirety, it is actually being eaten.

It started to get nibbled away, had half of it eaten in one big chunk, and the rest is being gradually nibbled away in small pieces.

Seems strange they would offer all those coins at one fixed price rather than staggered steps to maximize returns. Hmmm.

As I was typing, the last 200 coins were eaten in one big gulp.

[European Central Bank]

when this one will explode...

i truly hope that day never comes. but if i had a large value tied up in alts i would use another exchange, and if it wasn't on a better one i'd wait for it to be listed on there. i don't trust them.

[kurious]

Poloniex is retarded, millions of dollars pump random shitcoins at complete random. And the thousands of traders just jump on at any given time or moment, with no rhyme or reason or logic.

Hence why Bytecoin, Stellar, Ripple etc etc have all jumped up in value to retarded levels.

I mean seriously, Bytecoin? Stellar? WTF?

One could have made a fortune on almost any coin just by investing in shitcoins 3 months ago on poloniex and holding for 3 months.

So did you?

If you had, maybe you would have cashed out on Polo, which - unless you want USDT - would have been by buying BTC.

All Polo alt prices are basically in BTC - it's the exchange with the biggest BTC turnover in the world. Maybe it's a positive factor where we are?

Just saying, it's not all bad news.

then you have to pull it out of poloniex. unless you got lucky then you're probably still stuck at $2000 a day because they're so slow to verify you. so if you have a true fortune it's gonna take you a couple of months to get out.

$25,000 a day, level 2.  I wouldn't risk it, unless I had it.
To make any even moderate gains you need you're in over 2K (of course). I like Polo, but it's creaking with the massive influx of trade and I am not stupid. 

I rarely trade on Finex and have never risked more than a couple of BTC on it.  I got all my BTC out of Gox before it went tits up, although I confess I did buy some Bitcoinbuilder Gox BTC at around 19% of full price as a gamble, which I may never see a result on.

I love BTC and it's why I am here, I am just not a maximalist anti-alt snob. I have a few XMR for instance and I am holding them too. I don't regret it for a second.  Why would I?

 

[kurious]

Stamp wall pulled, Jimbo was right.

[B1tUnl0ck3r]

when this one will explode...

i truly hope that day never comes. but if i had a large value tied up in alts i would use another exchange, and if it wasn't on a better one i'd wait for it to be listed on there. i don't trust them.

as the saying goes, if you don't own the private key...

[JimboToronto]

Stamp wall pulled, Jimbo was right.

Actually I was wrong. The 800+ coin ask wall was eaten, partially in nibbles and partially in two large chunks.

It was replaced with a bid wall which was indeed pulled after the price rose sufficiently.

[gembitz]

Stamp wall pulled, Jimbo was right.

Actually I was wrong. The 800+ coin ask wall was eaten, partially in nibbles and partially in two large chunks.

It was replaced with a bid wall which was indeed pulled after the price rose sufficiently.

Bitcoin starting to get positive media ~ namecoin is getting all the fud :-D

*radarzzz::NMC/namecoin is buzzing re: h4xX0rzZz