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

[jbreher]

In what universe could you have predicted an OMNI would double overnight?

[nathalie20]

Half the crypto coins have no real value in the world. People's dreams that these coins will be great.
Most are just internet and nothing else

Half?? Now you're just being generous.

Let's put it this way:

All altcoins believe they are competing directly with Bitcoin for crypto dominance.

But Bitcoin only has ONE direct competitor: the U.S. dollar (or the entire rigged, debt-fueled worldwide banking fiat system).  It could give 2 shits about anything else.

Yes it's true.
Ethereum worth $ 200 just for what? In my opinion 5 $ is max

[mindrust]

Now I feel foolish, traded the top of the BTC/ETH bubble,  now a big dive on polo.  

... don't buy ETH.

FTFY

ETH is already at 20 billion marketcap  

This will be a complete bloodbath once people realize that no real use cases for ETH exist...

I fought for Bitcoin till now but i am tired now.

ETH does everything which bitcoin can't. It doesn't have malicious greedy piece of shits like Jihan BU and Roger ver in the first place. ETH don't have ASICs. Mining power is greatly distributed among people because people mine with GPU's.

No stupid scaling debates. The only thing keeps me moving from btc to eth is that i feel like it is too late now. I feel like shit. We will lose the market cap to ETH...

Look what OKcoin said:
https://www.okcoin.com/t-387.html

[leowonderful]

Now I feel foolish, traded the top of the BTC/ETH bubble,  now a big dive on polo.  

... don't buy ETH.

FTFY

ETH is already at 20 billion marketcap  

This will be a complete bloodbath once people realize that no real use cases for ETH exist...

I fought for Bitcoin till now but i am tired now.

ETH does everything which bitcoin can't. It doesn't have malicious greedy piece of shits like Jihan BU and Roger ver in the first place. ETH don't have ASICs. Mining power is greatly distributed among people because people mine with GPU's.

No stupid scaling debates. The only thing keeps me moving from btc to eth is that i feel like it is too late now. I feel like shit. We will lose the market cap to ETH...

Look what OKcoin said:
https://www.okcoin.com/t-387.html

That's because ETH is centralized as hell and they don't need insanely large battles like we're having in BTC. Let's face it, a centralized coin will never work. We just need Jihan to stop this madness and the dominos will begin to fall. ETH might have ASICs in the future but it's unlikely due to the incoming difficulty bomb. Hell, once they switch to PoS they won't even have any hashrate supporting them!

[BlindMayorBitcorn]

ETH investors be like https://youtu.be/QnmZeGOkWC4?t=4m50s

[European Central Bank]

I fought for Bitcoin till now but i am tired now.

ETH does everything which bitcoin can't. It doesn't have malicious greedy piece of shits like Jihan BU and Roger ver in the first place. ETH don't have ASICs. Mining power is greatly distributed among people because people mine with GPU's.

No stupid scaling debates. The only thing keeps me moving from btc to eth is that i feel like it is too late now. I feel like shit. We will lose the market cap to ETH...

and do you not think it was intended to make you feel that way?

etheruem is currently in the told you so phase. there'll come a time when that pendulum swings back.

and whatever happens bitcoiners should let go of the idea of bitcoin being it.

it's a big old world with more ideas and agendas than we can guess at.

[bitserve]

Now I feel foolish, traded the top of the BTC/ETH bubble,  now a big dive on polo.  

... don't buy ETH.

FTFY

ETH is already at 20 billion marketcap  

This will be a complete bloodbath once people realize that no real use cases for ETH exist...

I fought for Bitcoin till now but i am tired now.

ETH does everything which bitcoin can't. It doesn't have malicious greedy piece of shits like Jihan BU and Roger ver in the first place. ETH don't have ASICs. Mining power is greatly distributed among people because people mine with GPU's.

No stupid scaling debates. The only thing keeps me moving from btc to eth is that i feel like it is too late now. I feel like shit. We will lose the market cap to ETH...

Look what OKcoin said:
https://www.okcoin.com/t-387.html

I do agree with most is said in that OKcoin post. The scaling debate must end soon and it should happen in a non contentious way.

But, what can ETH do that I cannot do with my (way cheaper) ETC?

[European Central Bank]

ETH investors be like https://youtu.be/QnmZeGOkWC4?t=4m50s

cruising past 0.1 now. does it have the legs to go all the way to the top? that would be quite something and maybe not surprising.

[ImI]

ETH investors be like https://youtu.be/QnmZeGOkWC4?t=4m50s

cruising past 0.1 now. does it have the legs to go all the way to the top? that would be quite something and maybe not surprising.

define "top"

to top the marketcap of BTC seems highly likely at the moment

[European Central Bank]

define "top"

to top the marketcap of BTC seems highly likely at the moment

that's the one.

[BlindMayorBitcorn]

ETH investors be like https://youtu.be/QnmZeGOkWC4?t=4m50s

cruising past 0.1 now. does it have the legs to go all the way to the top? that would be quite something and maybe not surprising.

Something something Fibonacci?

[sirazimuth]

i thought this was bitcoin wall observer thread ... hmmmm...i musta hit the wrong ethereum wrong button....

[European Central Bank]

i thought this was bitcoin wall observer thread ... hmmmm...i musta hit the wrong ethereum  button....

[podyx]

How is btc decentralized if it only takes one person to change something?

[Ted E. Bare]

We need to step up our wall observations, all our posts are being deleted. We're all going to die.

[FractalUniverse]

some movement finally
edit. lets see if 2100 holds

[stcramto]

the king is dead

long live the king 

[toknormal]

I fought for Bitcoin till now but i am tired now.

ETH does everything which bitcoin can't. It doesn't have malicious greedy piece of shits like Jihan BU and Roger ver in the first place. ETH don't have ASICs. Mining power is greatly distributed among people because people mine with GPU's.

No stupid scaling debates. The only thing keeps me moving from btc to eth is that i feel like it is too late now. I feel like shit. We will lose the market cap to ETH...

Whether that's true or not, it doesn't change a few things which make ETH a very risky investment when it gets expensive.

 • For a start, ETH is basically a technology asset, not a monetary one which gives it a much shorter time to obsolescence than bitcoin.

 • Secondly, it suffers from the "airgap" problem which Bitcoin doesn't. That is to say, there's a financial airgap between the base token and the equity that's being built on top of it.

 • Thirdly, it's already forked. So that kind of kills it anyway as far as any kind of long term store of value is concerned.

 • Fourthly, it's bug ridden. As I say, that's not so bad for a technology asset as long as it can successfully support the meta tokens that represent the business models it carried.

 • Fifthly, buying the ETH token itself (as opposed to say Golem, wetrust or Aragon meta tokens) you're effectively buying a chunk of a profit and loss account rather than a balance sheet. Not many people realise that, hence the FOMO, and they may never realise it. But the implication is that you're investing in the reproducible part that depends on monetary velocity as opposed to the unique part that is the equity layer. Hence its value is at the mercy of the same forces that drive GDP in a regular economy. i.e. the exact OPPOSITE of a safe haven store of value.

 • Sixthly, we are currently at "Peak Ethereum". It's about to get buried of a tsunami of competing smart contract blockchains, many of which are more advanced technologically having observed the issues Ethereum encountered. With monetary assets, being an original to market is an advantage. With technology assets it's the other way around - everyone that comes after you has the edge.

Should be enough for starters

[Torque]

and whatever happens bitcoiners should let go of the idea of bitcoin being it.

it's a big old world with more ideas and agendas than we can guess at.

Completely, and totally disagree. For the world to have a universally accepted form of money that crosses borders, it would need to ideally consolidate on one. The world will never universally accept 1000 different forms of payment (money) as all being equally valuable. If all special snowflakes are special, then none of them are universally special.

[European Central Bank]

Completely, and totally disagree. For the world to have a universally accepted form of money that crosses borders, it would need to ideally consolidate on one. The world will never universally accept 1000 different forms of payment (money) as all being equally valuable. If all special snowflakes are special, then none of them are universally special.

i think ethereum's creators themselves would be the first to say that it's not money.

what people are getting worked up about is the present pool of speculator and trader money being allocated to different things. this isn't a cryptocurrency bubble, it's now a crypto technology bubble.  

if there's more profit to be made elsewhere then they're agnostic enough to look elsewhere. most people are only in this for the dollars. they don't care about the future beyond the next five minutes.

if bitcoin has what it takes then none of this matters in the short term. new generations will appreciate what it truly means. there's a lot of theology to untangle and we haven't even started yet.