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

[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.

[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...