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

[JayJuanGee]

as i said back around 1800 or so, BUBBLES!


this is crazy territory. play at your own risk, and don't be surprised when it snaps back violently.

I agree that we are in crazy territory, no matter what, .... but the level of craziness depends, partly on what you are referring to as a bubble... Bitcoin?  or various alt coins or some combination? 

There are different levels of craziness... and in that regard, we cannot always know the extent to which one is a bubble or not, until it pops...

At the moment, looks like pretty decent buying support - but yeah, that could vanish quickly too.

[jbreher]

5-19-17.  Sell at 1890 and buy in a pullback to 1775. I lost about 2k in position on that. How can a guy ever make money besides hodl paying for advice like that.

Rule #3: Whatever price you pay for advice in regards to cryptocurrency trading, you're getting ripped off. Even if it's free of charge.

[bitserve]

as i said back around 1800 or so, BUBBLES!


this is crazy territory. play at your own risk, and don't be surprised when it snaps back violently.

I agree that we are in crazy territory, no matter what, .... but the level of craziness depends, partly on what you are referring to as a bubble... Bitcoin?  or various alt coins or some combination?  

There are different levels of craziness... and in that regard, we cannot always know the extent to which one is a bubble or not, until it pops...

At the moment, looks like pretty decent buying support - but yeah, that could vanish quickly too.

I do agree... when Bitcoin does a 2x in less than 24 hours as zcash just did, or a 75x in a coueple of months just as Ripple did, or a 40x as Bitcoin itself did in 2013... then let's talk about bubble. Until then let's just call it healthy moderated growth.

[becoin]

https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77

This is fresh off the press. That's a lengthy list of signees but some conspicuous names are missing.

Signed by few miners and many web wallets. LN will make web wallet business model obsolete.

Almost all important bitcoin companies are missing.

[gentlemand]

Signed by few miners and many web wallets. LN will make web wallet business model obsolete.

Almost all important bitcoin companies are missing.

Coinbase is the heavyweight, as is Bitmain and Bitfury of course. And I presume Bitflyer is now the world's leading exchange. Bitpay is also a biggie but it looks like Jihan Wu now has his hands up their posteriors.

Circle is an interesting addition too. I wonder whether they'd reenter.

I wonder what the Core response will be.

[jbreher]

Now I've caught up with the tip, and find nobody has chimed in as of yet...

Other than CLAMS, in the 'coins for free' category, BitCore looks interesting. You can thank me by pointing me to a primer on the easiest redemption mechanism. Byteball, too, I have been told.

[jbreher]

Circle is an interesting addition too. I wonder whether they'd reenter.

Circle never left. They merely trimmed back on what they offer to the public.

I imagine Allaire was taken thoroughly aback by the vehemence thrown his way upon a simple reshuffling of the priorities of a real company that just happened to be operating in the Bitcoin space. It was as if he owed something to each and every Bitcoiner, rather than a fiduciary duty to his investors. Such a sense of entitlement. I wonder what all the shit-slingers have done to advance the cause in comparison.

[rjclarke2000]

I must really pay attention to what's going on and  not just the price as I have no clue what everyone is on about here.

Wtf is clams?

[gentlemand]

I must really pay attention to what's going on and  not just the price as I have no clue what everyone is on about here.

Wtf is clams?

Clams are a POS Crypto mainly used by Just Dice for betting. Their distribution is based on a snapshot of the BTC, LTC and Doge blockchains in May 2014 or so. If you have a private key from back then with a balance then you can claim 4.6 CLAM per key.

[rjclarke2000]

I must really pay attention to what's going on and  not just the price as I have no clue what everyone is on about here.

Wtf is clams?

Clams are a POS Crypto mainly used by Just Dice for betting. Their distribution is based on a snapshot of the BTC, LTC and Doge blockchains in May 2014 or so. If you have a private key from back then with a balance then you can claim 4.6 CLAM per key.

Ok I am way behind. I don't know anything about this! Thanks

[JimboToronto]

I see we had our correction du jour while I was out... about $80.

How nice. 

[yefi]

Clams are a POS Crypto mainly used by Just Dice for betting. Their distribution is based on a snapshot of the BTC, LTC and Doge blockchains in May 2014 or so. If you have a private key from back then with a balance then you can claim 4.6 CLAM per key.

The fuck, can't believe I never heard of this until now. Free shitcoins for me, yay.

[ARTISTCOLONY]

https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77

This is fresh off the press. That's a lengthy list of signees but some conspicuous names are missing.

Segwit followed by a 2mb hard fork six months later. Will Core toss their cookies or join in the fun?

BTC===> community supports this is grrrrrreat 2mb llimit & segsterz $10000 btc inkoimth<<<

[gentlemand]

The fuck, can't believe I never heard of this until now. Free shitcoins for me, yay.

There's quite a few third party websites who'll take a cut of claiming them.

Do it directly here instead - https://just-dice.com/

It doesn't take long.  

And sign up for Byteball  - https://bitcointalk.org/index.php?topic=1608859.0 and Bitcore - https://bitcointalk.org/index.php?topic=1883902.0  while you still can too. It's all free and surprisingly valuable if you have a decent BTC balance.

[ARTISTCOLONY]

Clams are a POS Crypto mainly used by Just Dice for betting. Their distribution is based on a snapshot of the BTC, LTC and Doge blockchains in May 2014 or so. If you have a private key from back then with a balance then you can claim 4.6 CLAM per key.

The fuck, can't believe I never heard of this until now. Free shitcoins for me, yay.

dog food coin going to 2000 too? ===> bitcoin is a fire breathing dragon on steroidzzz<<<

[yefi]

And sign up for Byteball  - https://bitcointalk.org/index.php?topic=1608859.0 and Bitcore - https://bitcointalk.org/index.php?topic=1883902.0  while you still can too. It's all free and surprisingly valuable if you have a decent BTC balance.

Thanks man. Heard about the upcoming Stellar distribution, didn't know others were doing or had done something similar.

[JayJuanGee]

as i said back around 1800 or so, BUBBLES!


this is crazy territory. play at your own risk, and don't be surprised when it snaps back violently.

I agree that we are in crazy territory, no matter what, .... but the level of craziness depends, partly on what you are referring to as a bubble... Bitcoin?  or various alt coins or some combination?  

There are different levels of craziness... and in that regard, we cannot always know the extent to which one is a bubble or not, until it pops...

At the moment, looks like pretty decent buying support - but yeah, that could vanish quickly too.

I do agree... when Bitcoin does a 2x in less than 24 hours as zcash just did, or a 75x in a coueple of months just as Ripple did, or a 40x as Bitcoin itself did in 2013... then let's talk about bubble. Until then let's just call it healthy moderated growth.

We agree.

In regards to bitcoin, people talk bubble bubble bubble bullshit ever since $500 - but seem to forget that the price was on a downward correction for a year and then flat for nearly another year.  And, then when it finally went back up, it has taken nearly 2 years (well 20 months)... sure there are some really decent arguments that can be made that we are due a meaningful and large correction, especially since we have not really had one since $890 - but on the other hand, such large correction is not an absolute necessity either -

Maybe if we do another 2x within the next month or two, I may among the front of the line calling a bubble at that point, but at this point, we are a bit premature to call BTC bubble.  Now, other cryptos, that's another story.. a large number of them (in including ETH) have little to no fundamentals.  I will concede that ETH has some stronger fundamentals than some of the others, but it remains a kind of smoke and mirrors and a house of cards that could fall at any moment - but it could also get pumped another 10x to be even more unsustainable when it becomes targeted for a hacker attack or some other kind of DAO like robbing that will cause the insiders to want to hard fork it again and cause additional issues related to centralization and money being controlled by ETH committees.

[jbreher]

Clams are a POS Crypto mainly used by Just Dice for betting. Their distribution is based on a snapshot of the BTC, LTC and Doge blockchains in May 2014 or so. If you have a private key from back then with a balance then you can claim 4.6 CLAM per key.

The fuck, can't believe I never heard of this until now. Free shitcoins for me, yay.

Yeah, and back in the day. Ripple gave a buncha XRP to anyone who asked. But that was then.

[JayJuanGee]

https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77

This is fresh off the press. That's a lengthy list of signees but some conspicuous names are missing.

Signed by few miners and many web wallets. LN will make web wallet business model obsolete.

Almost all important bitcoin companies are missing.

Which ones are missing?  Can you list them in order that we can better understand who are and who are NOT ?

Sometimes, missing does not mean that they are opposed, it could mean that they are either neutral or don't want to publicly state their position, if they have one.

[rjclarke2000]

The fuck, can't believe I never heard of this until now. Free shitcoins for me, yay.

There's quite a few third party websites who'll take a cut of claiming them.

Do it directly here instead - https://just-dice.com/

It doesn't take long.  

And sign up for Byteball  - https://bitcointalk.org/index.php?topic=1608859.0 and Bitcore - https://bitcointalk.org/index.php?topic=1883902.0  while you still can too. It's all free and surprisingly valuable if you have a decent BTC balance.

So it's if you have an address from 2014. Am I buggered if I have transferred mine this year to a paper wallet?