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

[lightfoot]

They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up?

Hm. Interesting theory. However shouldn't people be trading this now worth a lot more LTC for BTC?

What do you think the litecoin whale pumpers are doing? 

Perhaps. However I'd expect more movement from Bitcoin. Then again bitcoin big, litecoin small.

Hm.

Myself, I'm trying to debate whether the next big stock pump will be in the Hefty Trash Bag company or the Glad bag company.....

[JayJuanGee]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

I am not sure if I would call what jbreher is doing as double standards and hypocrisy - instead it as an attempt to create a false impression that bcash is somehow in the competitive mix with bitcoin.  Its a way to attempt to make bcash and bitcoin as kind of equivalents and competitors - a kind of marketing that most of the WO thread participants see through, however, can be a bit confusing and even effective with bitcoin newbies and with r/btc aficcionados.

[lightfoot]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

[Torque]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash, and yet you refer to Bitcoin as "Bitcoin Segwit"
Careful, your double standards and hypocrisy are showing.

I am not sure if I would call what jbreher is doing as double standards and hypocrisy - instead it as an attempt to create a false impression that bcash is somehow in the competitive mix with bitcoin.  Its a way to attempt to make bcash and bitcoin as kind of equivalents and competitors - a kind of marketing that most of the WO thread participants see through, however, can be a bit confusing and even effective with bitcoin newbies and with r/btc aficcionados.

Exactly.

Bcash (and all other shitcoins) are to Bitcoin (sharing the class "cryptocurrencies" in name only)

-as-

Penny stocks are to Apple (sharing the class "equities" in name only)

Like does not equal like. Newbies just don't understand that. All they track is price, which can be easily gamed with the shitcoins and ICO tokens. VERY easily.

[JayJuanGee]

Wtf litecoin

Meanwhile Litecoin went up 200% in 4 days (as measured in USD). What gives?

When you realize what Bitcoin futures traders desperately need right now, it makes perfect sense

what do they need then?

They need your btc. You should trade yours to them for some litecoin. Or eth. Or some other shitcoin. Can't you see they're going up?

Hahahahaha...

Great point, this time, Torque.  Sometimes your little conspiratorial thinking does hit the nail on the head...   

[bitserve]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

That's not what coinmarketcap shows.... but it is getting closer though.

Even more bizarre is that Tether is now at $1.06... So they are paying a 6% premium for a crypto coin pegged to USD 1:1 which redemption isn't even garanteed/enforcable. Hilarious.

[bikerleszno]

Will BTC touch $20k in christmas? How u think?

[Paashaas]

1. Bitcoin

2. Litecoin (only because of Atomic-Swaps)

3. .....

4. .....

5. .....

Rest is a huge pile of dogshit.

[BitcoinNewsMagazine]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

People are tired of $20 transaction fees and vendors of stuck bitcoin transactions. Average litecoin fee is under 50 cents. If I were selling on the marketplace I would be accepting litecoin only right now until LN is working well.

[Rosewater Foundation]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

People are tired of $20 transaction fees and vendors of stuck bitcoin transactions. Average litecoin fee is under 50 cents. If I were selling on the marketplace I would be accepting litecoin only right now until LN is working well.

Genius

[fabiorem]

Isnt litecoin "digital silver", whereas bitcoin is the "digital gold"?

So, it MUST have 1/12 value of bitcoin, because this was the historical value of silver in relation to gold. Silver was used in daily transactions, gold was for store of value.

If bitcoin is 17k now, then litecoin should be around 1.5k. Long way to go.

[hazukison]

Why do we seemingly have this wall at 17,000 / 17,200??

[vapourminer]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

yeah i pulled up my coinbase dashboard this morning and had one of those "wtf??" moments.

i wonder if part of it is all those new coinbase accounts buying ltc "because its cheaper" things? or perhaps now that btc has futures and big wall street money is now in so the old btc price manipulators cant compete with the wall street deep pockets.. so now ltc is  the coin to manipulate for "regular" crypto folks?

[itod]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

That's not what coinmarketcap shows.... but it is getting closer though.

Even more bizarre is that Tether is now at $1.06... So they are paying a 6% premium for a crypto coin pegged to USD 1:1 which redemption isn't even garanteed/enforcable. Hilarious.

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

People are tired of $20 transaction fees and vendors of stuck bitcoin transactions. Average litecoin fee is under 50 cents. If I were selling on the marketplace I would be accepting litecoin only right now until LN is working well.

It's obvious what is happening, but us HODLers are historically reluctant to accept the facts we don't like. Last week I've sent 0.1 BTC to a friend, had to send 0.101 (0.001 fee) to have a chance that transaction will go through in reasonable time. 0.001 BTC = $15, and that was last week, this week situation with mempool is even worse, doubt that transaction will be confirmed without 0.002 fee. If anyone is going to send crypto between exchanges a lot in next period, he may need a coin with fast and low fee transactions and with decent volume so quick market buys/sells won't disturb the price, or they may kiss arbitraging opportunities goodbye. LTC fits the description, and this is also a reason someone is going to pay 6% premium on damned Tether. Moving BTC between exchanges for arbitraging has become mission impossible, and everyone agreed here that arbitraging will be the major force which will spill the futures price into BTC price, so people who are preparing for futures volatility action are probably doing it seriously with decent amounts of LTC and Tether on each exchange.

There is no cure for this situation except Lightning network, and I only hope that developers are aware of this and will deliver working version as soon as possible.

[bitserve]

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

That's not what coinmarketcap shows.... but it is getting closer though.

Even more bizarre is that Tether is now at $1.06... So they are paying a 6% premium for a crypto coin pegged to USD 1:1 which redemption isn't even garanteed/enforcable. Hilarious.

Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com

We are officially fucking nuts.

People are tired of $20 transaction fees and vendors of stuck bitcoin transactions. Average litecoin fee is under 50 cents. If I were selling on the marketplace I would be accepting litecoin only right now until LN is working well.

It's obvious what is happening, but us HODLers are historically reluctant to accept the facts we don't like. Last week I've sent 0.1 BTC to a friend, had to send 0.101 (0.001 fee) to have a chance that transaction will go through in reasonable time. 0.001 BTC = $15, and that was last week, this week situation with mempool is even worse, doubt that transaction will be confirmed without 0.002 fee. If anyone is going to send crypto between exchanges a lot in next period, he may need a coin with fast and low fee transactions and with decent volume so quick market buys/sells won't disturb the price, or they may kiss arbitraging opportunities goodbye. LTC fits the description, and this is also a reason someone is going to pay 6% premium on damned Tether. Moving BTC between exchanges for arbitraging has become mission impossible, and everyone agreed here that arbitraging will be the major force which will spill the futures price into BTC price, so people who are preparing for futures volatility action are probably doing it seriously with decent amounts of LTC and Tether on each exchange.

There is no cure for this situation except Lightning network, and I only hope that developers are aware of this and will deliver working version as soon as possible.

Now if only the exchanges started adding more direct LTC/XXXX pairs and Bitpay added Litecoin support we would have the transaction/payments problem solved.

[infofront]

1. Bitcoin

2. Litecoin (only because of Atomic-Swaps)

3. .....

4. .....

5. .....

Rest is a huge pile of dogshit.

Lightning network will make litecoin obsolete. Rootstock will make ETH obsolete.

The only altcoin with good long term prospects is Monero. It has the two important aspects that bitcoin cannot and/or will not ever have: anonymity and fungibility.

[Torque]

Isnt litecoin "digital silver", whereas bitcoin is the "digital gold"?

So, it MUST have 1/12 value of bitcoin, because this was the historical value of silver in relation to gold. Silver was used in daily transactions, gold was for store of value.

If bitcoin is 17k now, then litecoin should be around 1.5k. Long way to go.

According to whom? Think deeply on that fallacy.

[flynn]

It's obvious what is happening, but us HODLers are historically reluctant to accept the facts we don't like. Last week I've sent 0.1 BTC to a friend, had to send 0.101 (0.001 fee) to have a chance that transaction will go through in reasonable time. 0.001 BTC = $15, and that was last week, this week situation with mempool is even worse, doubt that transaction will be confirmed without 0.002 fee. If anyone is going to send crypto between exchanges a lot in next period, he may need a coin with fast and low fee transactions and with decent volume so quick market buys/sells won't disturb the price, or they may kiss arbitraging opportunities goodbye. LTC fits the description, and this is also a reason someone is going to pay 6% premium on damned Tether. Moving BTC between exchanges for arbitraging has become mission impossible, and everyone agreed here that arbitraging will be the major force which will spill the futures price into BTC price, so people who are preparing for futures volatility action are probably doing it seriously with decent amounts of LTC and Tether on each exchange.

There is no cure for this situation except Lightning network, and I only hope that developers are aware of this and will deliver working version as soon as possible.

That's too much pain, you need to learn about transaction acceleration =>
https://pool.viabtc.com/tools/txaccelerator/

[gentlemand]

Isnt litecoin "digital silver", whereas bitcoin is the "digital gold"?

So, it MUST have 1/12 value of bitcoin, because this was the historical value of silver in relation to gold. Silver was used in daily transactions, gold was for store of value.

If bitcoin is 17k now, then litecoin should be around 1.5k. Long way to go.

That's one of the stupidest things I've ever heard but it certainly does have staying power. I guess we'd all better do our part and spend our savings on making sure we get to that ratio and keep it there.

I fully support adding arbitrary figures to markets that have zero relation or correlation.

You go first.

[Torque]

Isnt litecoin "digital silver", whereas bitcoin is the "digital gold"?

So, it MUST have 1/12 value of bitcoin, because this was the historical value of silver in relation to gold. Silver was used in daily transactions, gold was for store of value.

If bitcoin is 17k now, then litecoin should be around 1.5k. Long way to go.

That's one of the stupidest things I've ever heard but it certainly does have staying power. I guess we'd all better do our part and spend our savings on making sure we get to that ratio and keep it there.

I fully support adding arbitrary figures to markets that have zero relation or correlation.

You go first.

Gentlemand, didn't you hear? Ethereum is the new "digital gold". But it needs a "digital silver" compliment to go with it. Just copy the ETH source code, change a few params, make it 4 times more abundant than ETH, etc. If you are smart you should be able to knock that out in a weekend.

Can you go make that real quick and start marketing it as such?  And I think if you just say it enough times, people will start to believe it.