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

[natewelt]

I just love diversification and playing the game also it makes life more interesting.

It’s great to play the game with lunch money but I’m not putting my retirement funds in it.

I'd agree. I think we are mostly on the same page except you like to stick more to BTC which is the more prudent thing to do.

[El duderino_]

Where are we going NOW    

[BTCMILLIONAIRE]

Just bought more BCH and LTC. I have plenty of BTC and other alts. First time my BTC stash is under 40% of my crypto holdings. I'm all about diversification...

At this stage there are more old school bitcoiners that sank their battleship in shit coins than there are old schoolers left.  You have the goose that lays the golden egg and you are willingly giving it up.  Not a smart idea.  The internet is a winner takes all economy.

You can't see into the future so I don't know how you can claim it's not a smart idea. So far it has worked out and if I exchange my alts back to BTC I'd have more BTC.

Diversifying is not only smart. It is usually more profitable. Get with the program.

I have insurance, which is mostly Monero and ETH and less than 10% of my portfolio.  This protects me in case of a wipe out event in Bitcoin. But we both know that when the first Bitcoin ETF is announced early next year, Bitcoin will go vertical and your BTC/Alt pairs will collapse, including my Monero and ETH pairs.

I disagree that we both know that will happen. The only alts I own are mostly in the top 25 by market cap and few outliers that I like the concept of so I have faith in them. There's space for alts and master Bitcoin. I'm still HODLING some Bitcoin from 2014 when I got in so I love Bitcoin. I just love diversification and playing the game also it makes life more interesting.

Edit: Also if my alts keep gaining on BTC in terms of their exchange rate I may convert them all back to BTC only time will tell. I don't have an allegiance to one coin. I know many on here do and that's great, but that's not my style.

There are alts with fairly predictable fundamentals and bands of valuations. Those can be used as a hedge without being an "insurance" but a proper investment instead. With a market as irrational as crypto the token values might differ from the actual valuation, but that just creates arbitrage opportunities for those in the know. So the assessment that diversification in crypto means buying an insurance as a premium is patently false.

[Rosewater Foundation]

The idea of paying for it.... why would you?

The girls aren't giving it away like they used to.

[gentlemand]

It’s great to play the game with lunch money but I’m not putting my retirement funds in it.

There are people who put in elevenses money and wound up with enough paper wealth to retire their entire street.

[gentlemand]

https://www.youtube.com/watch?v=V7_BtlYzuJc

A non bird flipping Bitcoin interview with Ms. Lightning Network.

[jbreher]

I don't know any old peeps in crypto spending a dime on BitCH. It's just astroturfing by shills for hire and their following of poor fools.

You seem to be conflating your myopic perspective with objective reality.

[BTCMILLIONAIRE]

I don't know any old peeps in crypto spending a dime on BitCH. It's just astroturfing by shills for hire and their following of poor fools.

You seem to be conflating your myopic perspective with objective reality.

Huh, so perfect vision is considered myopic now? Interesting.

[Ludwig Von]

Where are we going NOW    

Nowhere yet. Too weak, no appetite for the moment.

[jbreher]

I don't know any old peeps in crypto spending a dime on BitCH. It's just astroturfing by shills for hire and their following of poor fools.

You seem to be conflating your myopic perspective with objective reality.

Huh, so perfect vision is considered myopic now? Interesting.

How odd to encounter one so proud to tout their own ignorance.

[Ludwig Von]

So basically in the end lower fees will not stimulate commerce, but trading.

Just like corporate tax cuts will not stimulate wage growth or the economy, but more company stock buy-backs and maybe a tiny, one-time employee bonus for show.

Lol  

Yeah, here in Be it goes under the name of "Taxshift" and the narrative is the employees will have 2€ more on their paychecks... . (The boss will have a few million extra on the share buybacks that will be
represented as Capex for further growth and more employees).

[fabiorem]

https://blockchain.info/en/unconfirmed-transactions

When it reaches 1 million, will the network stop?

[nikauforest]

any opinion to share on the status of LN hubs as money transmitters under FinCEN regulatory requirements?

[natewelt]

We have to breakout of this descending pennant pattern. Also getting above 17,300 on stamp would be massively bullish.

[MelMan2002]

https://blockchain.info/en/unconfirmed-transactions

When it reaches 1 million, will the network stop?

That would be what, about 2 days of backlog?

[bitserve]

While the number of unconfirmed tx's have keep growing, the total amount in BTC fees for those pending tx's have gone down from over 700BTC yesterday to 130BTC now.

[conspirosphere.tk]

I don't know any old peeps in crypto spending a dime on BitCH. It's just astroturfing by shills for hire and their following of poor fools.

You seem to be conflating your myopic perspective with objective reality.

wait, maybe some cucks in the Huffpo's audience might fall for it:

https://www.huffingtonpost.com/entry/all-merchants-want-for-christmas-should-be-bitcoin_us_5a3bf830e4b0df0de8b06341

[BTCMILLIONAIRE]

I don't know any old peeps in crypto spending a dime on BitCH. It's just astroturfing by shills for hire and their following of poor fools.

You seem to be conflating your myopic perspective with objective reality.

Huh, so perfect vision is considered myopic now? Interesting.

How odd to encounter one so proud to tout their own ignorance.

Funny you might say that. I've just been thinking the same.

[UnknownHolder]

Roger Ver's CV is a lot better

Indeed.  

Roger Ver has done a huge amount to further Bitcoin adoption.  Perhaps more than anyone else besides Satoshi Nakamoto.  He truly loves Bitcoin and wants to see all of the world adopt it.  That people now abuse him for trying to fix the problem of high fees and unreliable confirmations is heart-breaking for me.

You don't actually believe this bullshit, do you?

+1

dont quote trols

[Rosewater Foundation]

I'm going to start to panic soon. I don't like it when Bitcoin goes down a lot, then doesn't come right back up.