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

[ssmc2]

I know we shouldn't really talk about alts but what do you guys think about Monero? Wondering if i should snag some....

[Torque]

I know we shouldn't really talk about alts but what do you guys think about Monero? Wondering if i should snag some....

Suddenly only giving it a thought because it's being pumped? No offense, but that's lizard thinking.

[d_eddie]

I know we shouldn't really talk about alts but what do you guys think about Monero? Wondering if i should snag some....

My opinion, based on general life considerations rather than actual financial analysis or pump'n'dump mechanics understanding: Monero has value and its price keeps climbing because it has real use cases. The anonimity it provides can't be matched by Bitcoin as it is now.

However, I think this gap will shrink and possibly shut off completely with L2 and L3 solutions. There are already 2 or 3 technology advances that promise to offer as much anonymity as any other coin. If (when?) that happens, I expect Monero to tank. That would be a medium term move - medium in crypto terms: I'm thinking months, not years. There should be ample time to get out of it gradually as it bleeds value back into Bitcoin.

I am no oracle. This is just my personal, biased opinion.

[Lopumbo]

imo better in almost every aspect than bitcoin but it will never reach public adoption because of its "private features" - look at the number of devs supporting monero in comparison to "core" 
bitcoin is that fat one night stand you keep on meeting, because you hope you get to know her hot girlfriend monero better

[BitcoinBunny]

Personally I don't understand why many of these altcoins are valued way more than Litecoin.

[fluidjax]

Half my BTC are on adresses I control so I get fork coins from that. The other half is invested variously, so I spend a little to buy enough fork coins to have as many as my BTC. Some will say I'm wasting money, but I believe the possibility of BTC getting stuck is real. Miners are in it for the money, not anything else, so if they migrate en masse to BCH and the latter is pumped enough at the same time, I don't want to fear being poor.

So far the BCH and BTG I bought are way up from the price I paid, so no loss yet.

The fear is strong in you , thats what the FUD is designed to do.
The fact that 2X failed, that UASF worked, that BCH hovered around 5% for a couple of months all points to the total lack of real support for BCH.
Check out the tweets by people now shilling BCash, their accounts never mentioned crypto currencies before August. They are fake/paid.
Its all smoke and mirrors, funded by deep pockets.
And the few who are interested are either idealogical big blockers, or just like Alt coins, people who missed out on the early entry to Bitcoin are desperately looking for a big win.

The flippening is rubbish.
BCash can be temporarily pumped up to support all the current SAH256 miners, but it can't stay there forever. People just don't value it at that level. People are just shifting money from BTC to BCH, there is no new money coming in to BCH.
So it will come crashing down at some point, and BTC holders will just wait it out.

[Torque]

Personally I don't understand why many of these altcoins are valued way more than Litecoin.

They are not being "valued way more". They are being pumped, by people who can control the float.

Big difference.

[Dabs]

Bitcoin has some Confidential Transactions and you can already do Coin Joins, or Join Market or Shuffle Huffle Puffle Mimble Wimble or some Harry Potter reference or something, and even a bunch of mixers are out there. Privacy and anonymity is not as big of an issue, it can be done, it's just not being done on a large enough scale because it's not easy for the average user.

The average Bitcoin Core or Electrum user can just use Coin Control and do his own mixing (or non-mixing) or just bouncing it off a bunch of addresses, and that's without sending them to exchanges.

[Lopumbo]

Monero is a bit more than "mixing"  ...hell...bitcoins aren't even fungible

privacy should be default or non-existent at all...thats the problem with dash

[Torque]

Sometimes I wonder if altcoin proponents ever have this honest conversation with themselves:

"I bought into this great altcoin called [X]. It has these great, neato features that Bitcoin doesn't have. I've held this altcoin for years and years. Of course, I've never really spent them on anything, and likely won't. So I really can't attest that these great, neato features really have any real value to myself, or anyone else for that matter. And now that I really think about it ...it hasn't really changed my life in any significant way to hold/use this altcoin versus just using Bitcoin. But I'm gonna keep holding it anyway because....umm...because .....neato features! Hypothetical use cases [that never apply to me] matter!!"

Lol  

[sirazimuth]

Ah yes! Thanksgiving is upon us once again.
That delightful time of year where families come together, eat plenty and drink many...
leading to friendly and engaging discussions around the table.
But beware my friends!...Do not under any circumstances bring up BTCitcoin!
Your friends and family will think you've been falling for
"quick get rich schemes like that tulip mania nonsense."....
Instead, talk about pleasing non-divisive issues such as politics, religion, pain management..
you know, that sort of thing....

oh wait a minute....nm!



Happy Thanksgiving everyone

[barota]

bitcoin will crash soon . he is on the edge

[Punisher13142]

bitcoin will crash soon .

Time for butthurt early sellers seems.

[sirazimuth]

bitcoin will crash soon . he is on the edge, so I just sold all my coins!


[upside down image]

ftfy

[gembitz]

Personally I don't understand why many of these altcoins are valued way more than Litecoin.

They are not being "valued way more". They are being pumped, by people who can control the float.

Big difference.

+1 and good morning you are dead on ~ no one challenges the scammer premine shitcoin devs anymore? :\  get mad<<<

[player99]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

[gembitz]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

that looks full retard plus i bet the devs have zero experience in gemology :-D looks like epic scam<<< 210 million = x10 supply rotfflmao

[bones261]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

clickable

Yay, More fork coins.

[Totscha]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

that looks full retard plus i bet the devs have zero experience in gemology :-D looks like epic scam<<< 210 million = x10 supply rotfflmao

Nice FAQ ...

"... This will cause a bifurcation of the Bitcoin blockchain ..."

 

[P_Shep]

So tomorrow we will get a new fork, Bitcoin Diamond.

Coming in at block 495866.

This fork shit is getting insane.

http://www.btcd.io/index.html

that looks full retard plus i bet the devs have zero experience in gemology :-D looks like epic scam<<< 210 million = x10 supply rotfflmao

Nice FAQ ...

"... This will cause a bifurcation of the Bitcoin blockchain ..."

 

hang on... that's just a fancy word for FORK!

Still, I'll take the coins. And sell them.