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

[Elwar]

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  

Every alt coin I bought because I liked what it did. But yes, I never did anything with any of them. I bought NMC because I liked the idea of a decentralized DNS and had planned on doing some development around it considering it allows more bytes per transaction than Bitcoin but never got around to it and now I can't access them on btc-e.

I bought LTC because I think POS has some merit. Bought Maidsafe because I would like to be able to have decentralized Internet storage/bandwidth sharing. I just recently bought ZenCash because I met one of the guys in charge and he's pretty smart and doesn't approach it as trying to take over Bitcoin.

I could have bought into ETH early on but went to a crypto conference hoping to hear the latest and greatest Bitcoin advances only to see a bunch of ETH folks pumping their coin before it was released. They were supposed to utilize the Bitcoin network which got them support then they went off and created their own coin and everyone at the conference was talking about how ETH would take over Bitcoin and how much Bitcoin sucked.

I bought Tezos because I hope they replace ETH. I hope Rootstock replaces ETH.

[BitcoinBunny]

Pump me! Pump me! Pump me!
Pump me, Jihan & Roger
Pump me all night long
That's right, boys
You can do it.
Pump me, Jihan & Roger
Pump me all night long
'Cause if you pump me, Jihan & Roger
I can grow up big and strong

[Coinnosaurus]

What the hell is with tether volume?

All the technical analysis for Bitcoin are going in vain because of this. Yesterday I was looking at hourly charts that was clearly indicating a correction in Bitcoin price. But what I have realized is that when Tether's 24hr volume> marketcap. Bitcoin FOMO irrespective of technical indication.

The same thing happened to me when I was looking at the weekly chart ,this guy has a logic explanation https://twitter.com/Bitfinexed

[fragout]

I wonder if this is the last roger/wu pump? . A guy could be making serious coin here if they keep it up. The volume spike at the start of the pump is so obvious. You would get the double whammy of btc dropping while bcash rises. Its just a matter of timing the exit but even if you get it wrong you are just back to break even.

On reflection though, I wonder if this is what they are banking on? . The next time, all they need to do is kick start the pump and the whales will jump on board and feed the pump for them. Easy profit then for them.

On a side note. roger/wu must have a shitload of bcash built up from their mining operations at this stage which they obviously are not selling as they seek to increase the price

[DARKHOLDER]

Is that an ATH?

no on 21 nov was ath 8380$ look on charts in bitcoinwisdom.com bitfinex

but think this was signal to go to new ath..

[aesma]

Hashrate is close to 50/50 BCH/BTC right now. So it's only a pump, not a pump + miners abandoning BTC.

[RealMachasm]

Hashrate is close to 50/50 BCH/BTC right now. So it's only a pump, not a pump + miners abandoning BTC.

When is the next diff adjustment going to happen and what is it going to be with the hashrate being moved around so much lately?

NVM found this chart
https://bitcoinwisdom.com/bitcoin/difficulty

[600watt]

My only story, not nearly as exciting as yours: about a year ago I bought a TREZOR for 0.13 BTC. Now it's got to be one of the most valuable TREZORs in existence, valued today at a whopping 900 € ($1000).

if you consider that trezors are for sale for several years now you may understand that people who ordered trezors when bitcoin price was around $200 must have paid much more than 0.13 btc. I think the first trezors were sold for 3 btc.  

i remember paying 1 btc per trezor...

let´s just hope one day you can say that you paid $10k for yours...  

[HairyMaclairy]

At the end of the day it’s there to be spent. No ragrets. 

[ragnar0k]

Dont think it was posted before but... Nice crypto show started from CNBC Africa, let's hope they keep up
https://youtu.be/WqSAOcGzE2Y

[Icygreen]

If I've got the cash and the bitcoin to make a purchase, I will do it in bitcoin and simply replace it immediately or just buy enough coin to cover the cost of my purchase.  At least someone will benefit and I'm doing my part to support the ecosystem. Win Win

[fluidjax]

Hashrate is close to 50/50 BCH/BTC right now. So it's only a pump, not a pump + miners abandoning BTC.

No, BCH is between 10% & 15% of the hash rate of BTC

https://fork.lol/pow/hashrate

[bitcoincidence]

Once bitcoin was out of the bear run (transitioned into a bull run), we can still use the approximate $250 price stability point of 2015 as our starting reference.  Accordingly, it took about a year to triple to $750-ish, and then it took about 9 more months to triple again to $2,500-ish.. .and then it took about 3 months to triple again to $7,500-ish....

Funny, but I've been making this graph, to show how last 5 doubling events since $250 look like two distinct exponents:

270 days
270 days
90 days
90 days
90 days



The question is, how much longer the second exponent will last...

This graph seems to fit in the theory about the market manipulations by the "Tether Gang"

The article argues tether was stable throughout 2016 and did not start to increase until March 2017. Tether’s value seemed to take off along with Bitcoin’s dramatic rise.

https://news.bitcoin.com/tether-coin-may-be-a-precarious-us-dollar-peg/

The question is, how much longer the second exponent will last...

I have some feeling like as long as the Tetherbubble does not bother the US treasury or they get some cash-out problems by a falling bitcoin price.
The second is easy to prevent with unlimited funds (though it might get implausible if they exaggerate it) but they also get in the way of the plans of the "Bitcoin Cash Gang" to crash BTC.

I can already imagine Hollywood making a movie about this all ...  

[LFC_Bitcoin]

Not sure why everybody moans about BCH, it’s obviously not going to make it long term but it’s free money & some of us are/were very happy Roger & Jihan have pumped it.

[HairyMaclairy]

Not sure why everybody moans about BCH, it’s obviously not going to make it long term but it’s free money & some of us are/were very happy Roger & Jihan have pumped it.

I’m not happy because I already sold it all !  It’s ok I still have all my Bgold and it’s coming along nicely. Not even thinking about Bdiamond. 

[Paashaas]

^ Keep youre BGold for now, it will rise higher.

[afbitcoins]

Is there a light wallet for bitcoin gold? I don't want to use a mobile wallet, I want it on desktop. But not with full blockchain.

[itod]

Is there a light wallet for bitcoin gold? I don't want to use a mobile wallet, I want it on desktop. But not with full blockchain.

No. I've searched for it for a few hours before I gave up and finally installed Coinomi on mobile, otherwise I couldn't dump those damn coins.

Electron Gold is very likely a scam, not like Electron Cash that was legit.

[flynn]

Is there a light wallet for bitcoin gold? I don't want to use a mobile wallet, I want it on desktop. But not with full blockchain.

None of I know of.
But there is a "bootstrap" file  to download to speed up the full chain thing. Took hours to do so though.

[BitcoinBunny]

I will wait until there is a legit Electron Precious Metals before claiming my Bitcoin Gold.
It should allow to claim Bitcoin Gold, Bitcoin Diamond, Bitcoin Silver, Bitcoin Platinum, Bitcoin Palladium, Bitcoin Ruthenium, Bitcoin Rhodium, Bitcoin Iridium, Bitcoin Osmium, Bitcoin The Real Roger Ver II Special Edition, Bitcoin Jihan Wuwu Give Me Money Before China Puts Me In Jail Trillionaire At Least It Is Not Jeff Bezos Edition, iBitcoin Apple X, AmaBitcoinZon etc.