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

[savetherainforest]

Well, same pattern as 2013 after gox. Could take some time to recover. Or it will never do because we have too many alts.

Sorry guys, I am depressed. It feels sad when you hold for years and such things happen. After every dip it's this feeling. But this time it feels a bit different.

Yep, that's the "Fear" stage

So it will get worse soon  

I see that it is at "Bear Trap" ...

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[flynn]

someone should do a graphical statistical analysis of the apparition of trolls versus the bitcoin corrections.

[bones261]

The supply stands at 100 billion: more cannot be made. But the circulating supply increases, due to Ripple Inc holding on to about 60 billion XRP at this point (which are placed in escrow by the way, and only gets released in small batches). Ripple uses this 'war chest' of XRP to attract new partners, all of which that buy it are restricted it dumping it on the market as well. I do remark on that, as there is some kind of 'idea' - a poor one that is - within this community that Ripple can just nuke the market at once. Anyone that even followed the company longer than a day knows that would run counter to everything it stands for, but since most people here haven't even read more than a tweet about Ripple I will suffice by saying that much.

Ripple is actually quite decentralized nowadays. You can inform yourself here: https://ripple.com/dev-blog/decentralization-strategy-update/  And now to totally piss you off: what do you think about this:
https://i.imgur.com/UMosX0E.png ?

Is this 'not' centralized?

The big irony of some of you oldtime Bitcoiners is that you just cannot see what is unfolding in front of your very eyes, that being that BTC is actually at this point more centralized than Ripple. Good luck defending the opposite point of view.

How does one become a "trusted" validator? Appears to me their decentralization strategy is like an aristocracy becoming more decentralized by the King/Queen knighting a few more people.  

[d_eddie]

We'll be liberated after our customary "Who sold at the bottom?" post.
The official appointed issuer of the above mentioned post can party wildly during New Year celebrations.
We are patient and can wait until January.
Chill out, guys, this is nothing.
Accumulate FFS.

[d_eddie]

The supply stands at 100 billion: more cannot be made. But the circulating supply increases, due to Ripple Inc holding on to about 60 billion XRP at this point (which are placed in escrow by the way, and only gets released in small batches). Ripple uses this 'war chest' of XRP to attract new partners, all of which that buy it are restricted it dumping it on the market as well. I do remark on that, as there is some kind of 'idea' - a poor one that is - within this community that Ripple can just nuke the market at once. Anyone that even followed the company longer than a day knows that would run counter to everything it stands for, but since most people here haven't even read more than a tweet about Ripple I will suffice by saying that much.

Ripple is actually quite decentralized nowadays. You can inform yourself here: https://ripple.com/dev-blog/decentralization-strategy-update/  And now to totally piss you off: what do you think about this:
https://i.imgur.com/UMosX0E.png ?

Is this 'not' centralized?

The big irony of some of you oldtime Bitcoiners is that you just cannot see what is unfolding in front of your very eyes, that being that BTC is actually at this point more centralized than Ripple. Good luck defending the opposite point of view.

How does one become a "trusted" validator? Appears to me their decentralization strategy is like an aristocracy becoming more decentralized by the King/Queen knighting a few more people.  

This. You see, ParabellumLite, this is what we mean when we say it's a bankster's scam.
We like it trustless.
Repeat slowly: T R U S T L E S S.

[d_eddie]

The supply stands at 100 billion: more cannot be made. But the circulating supply increases, due to Ripple Inc holding on to about 60 billion XRP at this point (which are placed in escrow by the way, and only gets released in small batches). Ripple uses this 'war chest' of XRP to attract new partners, all of which that buy it are restricted it dumping it on the market as well.

Good. So it means we'll never see a massive XRP dump. Right? Then you can sleep at night.

The big irony of some of you oldtime Bitcoiners is that you just cannot see what is unfolding in front of your very eyes, that being that BTC is actually at this point more centralized than Ripple.

Hello, Roach? Is that you? Ah, no. Uh, sorry. So please tell this guy that nothing like a decentralized digital asset can ever exist, so the point is moot. Besides, I'm sure he's a Jew.

@ParabellumLite: Beware of the dogs.

[European Central Bank]

Why does nipple even need discussing. How did it wind up sneaking into the crypto market anyway?

Who left the back door open? Could sworn I locked it.

[the artful bodger]

We'll be liberated after our customary "Who sold at the bottom?" post.

I was planning on panic selling at the bottom. Unfortunately I'm not sure if I missed it. I'll know for detain when the customary "Who sold at the bottom?" post appears, then I can panic sell at the start of the way back up instead.

[Dunkelheit667]

Ripple is actually quite decentralized nowadays. You can inform yourself here: https://ripple.com/dev-blog/decentralization-strategy-update/  And now to totally piss you off: what do you think about this:
https://i.imgur.com/UMosX0E.png ?

Is this 'not' centralized?

Ok, that was funny. You can't even mine this XRP stuff. With other words your pie chart for 'XRP Ledger' would show 100% Ripple Lab Inc. You mix things up. And yes, next time use at least a pie chart with current data...

[600watt]

Ripple is actually quite decentralized nowadays. You can inform yourself here: https://ripple.com/dev-blog/decentralization-strategy-update/  And now to totally piss you off: what do you think about this:
https://i.imgur.com/UMosX0E.png ?

Is this 'not' centralized?

Ok, that was funny. You can't even mine this XRP stuff. With other words your pie chart for 'XRP Ledger' would show 100% Ripple Lab Inc. You mix things up. And yes, next time use at least a pie chart with current data...

funny how the main stream media always writes about a bubble to burst when bitcoin makes crazy moves up. when an alt makes crazy moves upwards them not writing it is a bubble. them writing: this is the better bitcoin

[Nubitcoinerr]

Interesting that the majority feels price will be at 20-22k by the 31st....

[d_eddie]

Why does nipple even need discussing.

Unfortunately it appears it doesn't.
All the boob pics on ATHs are nippleless  

[jojo69]

"partners"

yup

[FractalUniverse]

Bitcoin is going to retest december low, because for the first time I voted other than lowest choice in thread poll. (20,000-$22,000) when i voted for the lowest variant, it always made new ATH

Im sorry

[d_eddie]

Interesting that the majority feels price will be at 20-22k by the 31st....

You can only vote once. I'm sure the sentiment has been revised in the meantime.
Myself, I would have voted 22-24 if that option hadn't been left out.
Short term timing is tricky. If we were right about that all the time, we would already be all millionaires. Which only 10-20% of us are, instead  

[ParabellumLite]

Ripple is actually quite decentralized nowadays. You can inform yourself here: https://ripple.com/dev-blog/decentralization-strategy-update/  And now to totally piss you off: what do you think about this:
https://i.imgur.com/UMosX0E.png ?

Is this 'not' centralized?

Ok, that was funny. You can't even mine this XRP stuff. With other words your pie chart for 'XRP Ledger' would show 100% Ripple Lab Inc. You mix things up. And yes, next time use at least a pie chart with current data...

Well, if you want to call mining a prerequisite for determining whether one could speak of centralized or decentralized, then I think we are done talking.
The hard cold fact remains that any 'decentralization' within BTC died as soon as ASICS were introduced.  And honestly, I think you know this as well - but consciously decide to ignore this.

A few large mining farms in the BTC sphere working together can  pretty much do what they want. If you still want to call that decentralized, go right ahead.

[RejectedBanana]

Well, same pattern as 2013 after gox. Could take some time to recover. Or it will never do because we have too many alts.

Sorry guys, I am depressed. It feels sad when you hold for years and such things happen. After every dip it's this feeling. But this time it feels a bit different.

Yep, that's the "Fear" stage

So it will get worse soon  

I see that it is at "Bear Trap" ...

Agreed. I would even say we are still at Take off. Institutional Investors are only now just thinking about jumping in; very few actually have. The Public is only now becoming Aware--the vast majority have not inhaled.

For us long time HODLers looks like we'll finish off the year with Bitcoin up only 1200% instead of 1800% from the ATH, and Litecoin up only 4600% instead of 8000%. Sigh. Better luck next year? 

For any bag-HODLers who bought at the ATH, don't despair. You're not a true HODLer until you've been branded by the valley of -50% returns at least once. 

[Toxic2040]

^^^^^^^^^^^^^^^^^^^^^^^

I support and agree with the above posting...   *shows multiple brands*  ....see?

[jojo69]

You're not a true HODLer until you've been branded by the valley of -50% returns at least once. 

word

[the artful bodger]

You're not a true HODLer until you've been branded by the valley of -50% returns at least once. 

word

It's less than 30 days ago since it was below $10000. A few months in a $10000 to $20000 range would be healthy for the long term price. Nothing can keep doubling in price every two weeks forever. Gains like that are unsustainable.