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

[Meuh6879]

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[Torque]

let´s look at other factors of dominance, not market cap (which is so easily manipulated, that it does not proof anything).

let´s look at how many goods are bought with bitcoin compared to all other altcoins.

let´s look at how many merchants accept bitcoin compared to all other altcoins.

let´s look what crypto is used for cross border payments.

let´s look how many bitcoin-start-ups are existing compared to all other altcoins.

i bet in every single comparison, bitcoin dominance is still in the 80-90% area. 

Good list, but you missed a few more more.

let's look at what the MSM is obsessed about writing about (Bitcoin) and creating FUD about, and not all other altcoins.

let's look at what the governments of the world are obsessed with trying to regulate (Bitcoin) with little to no mention of all other altcoins.

let's look at what ANYONE is trying to get an ETF approved for (Bitcoin) and NO other altcoin.

1. First they ignore you <----- all altcoins are here, and 99.99% will stay here forever
2. Then they laugh at you <----- 0.01% altcoins will make it here and stay here forever
3. Then they fight you <----- Bitcoin is here now
4. Then you win

[BlindMayorBitcorn]

let´s look at other factors of dominance, not market cap (which is so easily manipulated, that it does not proof anything).

let´s look at how many goods are bought with bitcoin compared to all other altcoins.

let´s look at how many merchants accept bitcoin compared to all other altcoins.

let´s look what crypto is used for cross border payments.

let´s look how many bitcoin-start-ups are existing compared to all other altcoins.

i bet in every single comparison, bitcoin dominance is still in the 80-90% area. 

Good list, but you missed a few more more.

let's look at what the MSM is obsessed about writing about (Bitcoin) and creating FUD about, and not all other altcoins.

let's look at what the governments of the world are obsessed with trying to regulate (Bitcoin) with little to no mention of all other altcoins.

let's look at what ANYONE is trying to get an ETF approved for (Bitcoin) and NO other altcoin.

1. First they ignore you <----- all altcoins are here, and 99.99% will stay here forever
2. Then they laugh at you <----- 0.01% altcoins will make it here and stay here forever
3. Then they fight you <----- Bitcoin is here now
4. Then you win

I consider altcoins a scaling solution. Profoundly censorship-resistant transfers of value are a serious business; there will always be plenty of new tokens out there for micro-transactions and shameless speculation. Every Doge will have its day.

[hv_]

let´s look at other factors of dominance, not market cap (which is so easily manipulated, that it does not proof anything).

let´s look at how many goods are bought with bitcoin compared to all other altcoins.

let´s look at how many merchants accept bitcoin compared to all other altcoins.

let´s look what crypto is used for cross border payments.

let´s look how many bitcoin-start-ups are existing compared to all other altcoins.

i bet in every single comparison, bitcoin dominance is still in the 80-90% area. 

Good list, but you missed a few more more.

let's look at what the MSM is obsessed about writing about (Bitcoin) and creating FUD about, and not all other altcoins.

let's look at what the governments of the world are obsessed with trying to regulate (Bitcoin) with little to no mention of all other altcoins.

let's look at what ANYONE is trying to get an ETF approved for (Bitcoin) and NO other altcoin.

1. First they ignore you <----- all altcoins are here, and 99.99% will stay here forever
2. Then they laugh at you <----- 0.01% altcoins will make it here and stay here forever
3. Then they fight you <----- Bitcoin is here now
4. Then you win

I consider altcoins a scaling solution. Profoundly censorship-resistant transfers of value are a serious business; there will always be plenty of new tokens out there for micro-transactions and shameless speculation. Every Doge will have its day.

I'd expect a sharp dot.com like wash out the next few months - (years).
There is not much room for 1k coins most like we have Amazon, Google, Ebay, Apple,Facebook. That's the market and off you go.

[BrewMaster]

let´s look at other factors of dominance, not market cap (which is so easily manipulated, that it does not proof anything).

let´s look at how many goods are bought with bitcoin compared to all other altcoins.

let´s look at how many merchants accept bitcoin compared to all other altcoins.

let´s look what crypto is used for cross border payments.

let´s look how many bitcoin-start-ups are existing compared to all other altcoins.

i bet in every single comparison, bitcoin dominance is still in the 80-90% area. 

i agree but you forgot one of the most important factor: reliability.
an altcoin which is congested easily and its blockchain fails is not reliable enough for any kind of usage.

[BlindMayorBitcorn]

let´s look at other factors of dominance, not market cap (which is so easily manipulated, that it does not proof anything).

let´s look at how many goods are bought with bitcoin compared to all other altcoins.

let´s look at how many merchants accept bitcoin compared to all other altcoins.

let´s look what crypto is used for cross border payments.

let´s look how many bitcoin-start-ups are existing compared to all other altcoins.

i bet in every single comparison, bitcoin dominance is still in the 80-90% area. 

Good list, but you missed a few more more.

let's look at what the MSM is obsessed about writing about (Bitcoin) and creating FUD about, and not all other altcoins.

let's look at what the governments of the world are obsessed with trying to regulate (Bitcoin) with little to no mention of all other altcoins.

let's look at what ANYONE is trying to get an ETF approved for (Bitcoin) and NO other altcoin.

1. First they ignore you <----- all altcoins are here, and 99.99% will stay here forever
2. Then they laugh at you <----- 0.01% altcoins will make it here and stay here forever
3. Then they fight you <----- Bitcoin is here now
4. Then you win

I consider altcoins a scaling solution. Profoundly censorship-resistant transfers of value are a serious business; there will always be plenty of new tokens out there for micro-transactions and shameless speculation. Every Doge will have its day.

I'd expect a sharp dot.com like wash out the next few months - (years).
There is not much room for 1k coins most like we have Amazon, Google, Ebay, Apple,Facebook. That's the market and off you go.

I'd expect nothing less.

[RayX12]

CaRMageddon!

http://www.maxkeiser.com/2017/06/kr1086-keiser-report-carmageddon/

Could this be the beginning of the end?

Bullish for Crypto!

[Torque]

Do you smell that? It's the smell of an epic short squeeze coming.

[conspirosphere.tk]

I consider altcoins a scaling solution. Profoundly censorship-resistant transfers of value are a serious business; there will always be plenty of new tokens out there for micro-transactions and shameless speculation. Every Doge will have its day.

I'd expect a sharp dot.com like wash out the next few months - (years).
There is not much room for 1k coins most like we have Amazon, Google, Ebay, Apple,Facebook. That's the market and off you go.

There will be washouts and more alts being born all the time. There is too much hot money washing around the globe to take any significant fraction of it onboard the tiny bitcoin boat, not to mention the pathetic tx limit.

[BiteMyShinyMetalAss]

So what would you guys do. Imagine, you have created a startup which got 150 million funds in ETH? Just joking,its obvious! 
Would you sell it all immediately or would you sell it over the course of a month? How would you sell this 150 million? 

Because i am afraid, this ICO s**** will cause ETH sell of (I dont have any ETH) and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

[becoin]

and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?

[BiteMyShinyMetalAss]

and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?

So the last ICO got 150millions of fund in ETH. How does this ICO work? I fought people give ETH for some token, and the start up owner has ETH. So if you have 150 million of $ in ETH, why would you not sell it immediately?

[becoin]

and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?

So the last ICO got 150millions of fund in ETH. How does this ICO work? I fought people give ETH for some token, and the start up owner has ETH. So if you have 150 million of $ in ETH, why would you not sell it immediately?

And the place of BTC here is... what?

[wolongong]

and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?

So the last ICO got 150millions of fund in ETH. How does this ICO work? I fought people give ETH for some token, and the start up owner has ETH. So if you have 150 million of $ in ETH, why would you not sell it immediately?

And the place of BTC here is... what?

Dunno about the hodlers, but I do expect some extra BTC volume if they route some of their dumps over exchanges that don't offer an ETH/fiat pair.

[BrewMaster]

and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?

So the last ICO got 150millions of fund in ETH. How does this ICO work? I fought people give ETH for some token, and the start up owner has ETH. So if you have 150 million of $ in ETH, why would you not sell it immediately?

you have $$$ in your pocket and someday a donkey kicks you in the head so you decide to invest in an ICO (joking of course).
your only option is to buy ETH. so you do, ETH price goes up. you pay for the ICO and become a bag holder.
those receiving 150 mil $ want to get $ which route do you think they will take:
1. ETH > BTC (1st ~0.2% trading fee) > US (2nd ~0.2% trading fee)
2. ETH > USD (1 ~0.2% trading fee)

so they sell it and get the free $$ in their pocket. ez pz

[becoin]

1. ETH > BTC (1st ~0.2% trading fee) > US (2nd ~0.2% trading fee)

BTC bought and BTC sold. End result for BTC price is zero!

[BlindMayorBitcorn]

BTC bought and BTC sold. End result for BTC price is zero!

The moral of today's story.

[BiteMyShinyMetalAss]

BTC bought and BTC sold. End result for BTC price is zero!

The moral of today's story.

Well, poloniex ETH/BTC is the main market. So i assume most of this ICO ETH would go through bitcoin part... So i got scared...

[gentlemand]

Well, poloniex ETH/BTC is the main market. So i assume most of this ICO ETH would go through bitcoin part... So i got scared...

Have you tried to withdraw a significant amount from Poloniex recently? No one's getting their limits raised and there are withdrawals frozen for quite a few punters. They've really shat the bed recently.

If I was something to do with ETH I would've done everything I could to move the market away from there.

[bitserve]

BTC bought and BTC sold. End result for BTC price is zero!

The moral of today's story.

Well, poloniex ETH/BTC is the main market. So i assume most of this ICO ETH would go through bitcoin part... So i got scared...

Why scared? To dump Bitcoin for FIAT they first need to buy Bitcoin. Net result is almost (arbitrage with other trading pairs) zero.

Also, if I had XXX millions in ETH I would probably not cash them all to FIAT inmediately.... But I wouldn't leave it all bet into one single coin... So most probably there will be some part they will just convert to BTC and hold. Net result positive.