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

[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.

[rjclarke2000]

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

word

Over 4 years of hodling and I’m not a hodler?? WTF!!!!

[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...

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.

You brought the mining topic up to show us 'believers' how 'decentralized' your favorite altcoin is. I personally don't like the current level of BTC mining 'centralization' or 'decentralization' but prefer it to more centralized chains (e.g. VerWuCoin) or premined business models (e.g. XRP)... Not sure what separates the last from a central bank. If you prefer a central bank token, stay with Ripple Lab Inc.

[Last of the V8s]

[RejectedBanana]

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.

Yep. 29 days since the last $10k doubling floor was established, if we don't breach it. From $5k to $10k was only 50 days, floor to floor. We still have until mid January for the $20k floor to be on pace with the previous doubling. I wouldn't complain if it took 70 or 90 days instead. Still looks healthy to me.

[arklan]

Well that s not what I expected to wake up to...

[bitcoinPsycho]

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

I'm still calling $20000 by new year

[RejectedBanana]

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

word

Over 4 years of hodling and I’m not a hodler?? WTF!!!!

Ok you get a special brand. Which cheek do you prefer? 

[Meuh6879]

https://www.zerohedge.com/news/2017-12-29/stunning-look-inside-world-south-koreas-bitcoin-zombies

In fact, according to a recent study, more than 3 in 10 salaried workers in South Korea have invested in one or more cryptos.

And the sole reason why bitcoin remains an unprecedented investment craze even as hackers have stolen millions, lawmakers are pushing for new taxes and regulations, and leading financial officials have called it a “Ponzi scheme" is that - so far at least - it has been the best investment for virtually anyone who has bought it: the S.Korean survey (which polled 941 people via email from Dec. 19 to 20, with about 80% of respondents in their 20s and 30s) revealed that of those who invested in cryptos, more than 80% made money from it, and about 20% made an average return of 425% on their investment. The average Korean investor owned some 5.66 million won ($5,260) in virtual currencies.

It's 1 country and ready to follow the mathematic path of TrustNet.

Network centric trust : https://www.youtube.com/watch?v=iWfpxB3HZOY

[Toxic2040]

oh that snap back....tasty..

[European Central Bank]

https://www.zerohedge.com/news/2017-12-29/stunning-look-inside-world-south-koreas-bitcoin-zombies

In fact, according to a recent study, more than 3 in 10 salaried workers in South Korea have invested in one or more cryptos.

And the sole reason why bitcoin remains an unprecedented investment craze even as hackers have stolen millions, lawmakers are pushing for new taxes and regulations, and leading financial officials have called it a “Ponzi scheme" is that - so far at least - it has been the best investment for virtually anyone who has bought it: the S.Korean survey (which polled 941 people via email from Dec. 19 to 20, with about 80% of respondents in their 20s and 30s) revealed that of those who invested in cryptos, more than 80% made money from it, and about 20% made an average return of 425% on their investment. The average Korean investor owned some 5.66 million won ($5,260) in virtual currencies.

It's 1 country and ready to follow the mathematic path of TrustNet.

Network centric trust : https://www.youtube.com/watch?v=iWfpxB3HZOY

941 people by email? what type of moron would base an article and brand a whole country's market on a pollling method like that?

[Toxic2040]

https://www.zerohedge.com/news/2017-12-29/stunning-look-inside-world-south-koreas-bitcoin-zombies

In fact, according to -snip-

It's 1 country and ready to follow the mathematic path of TrustNet.

Network centric trust : https://www.youtube.com/watch?v=iWfpxB3HZOY

941 people by email? what type of moron would base an article and brand a whole country's market on a pollling method like that?

Oh boy...should we count the ways?  Mainstream media sheeple duh...

[ivomm]

13K held pretty well on gdax. Bearfinex last (and costly for the bears) attempt to panic the hodlers.  

You make it sound like we are done for the day (or the hour) 

yep not done <13k now

I don't know how low it's goin I'll just when we have bottomed

Yep, 13K retested by the stubborn bears. Again very costly move. Their time is running out and they know it.  

[bitcoinPsycho]

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

I'm still calling $20000 by new year

No way.

By end of January 2018 at earliest.

so much negativity about. just keeping it positive mate

[gentlemand]

so much negativity about. just keeping it positive mate

I'm soaked in gasoline with a naked flame at the other end of my bunker. I'm just waiting for a certain price and then I'm leaping into it.

[Gab0]

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

I'm still calling $20000 by new year

Maybe the Chinese New Year?