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

[JayJuanGee]

Fiat devalues 5% per year, not 80% per year.

"bubble" refers to too many short term increases which will have to consolidate at a much lower level before moving back up. It's fueled by traders and margin. You know the drill.

Your outline above seems to be assuming that bitcoin is a mature market, and as if bitcoin can only go up within a reasonable range of the "fiat devaluation" in order to be sustainable.

Have you ever heard of s-curve adoption?  Exponential curve?  Metacalfe dynamics?

[gentlemand]

I recently read a post by someone whose cousin had invested in crypto, but didn't even know what a wallet was. He held everything on exchanges and was just gambling on price rises. I suspect most of the recent wave of new investors don't know what a wallet is, and nothing about the technology backing whatever crypto they invested in.

My feeling is that the spiritual comparisons to the dotcom bubble will wind up being fucking eerie. The early shit will be flushed out by a horrifying bubble burst and the stuff that will turn out to be properly used will rise from the ashes and eventually bestride the Earth.

Ideally it would happen earlier, faster and cheaper than anything dotcom sized. The more drawn out and higher it is the more painful it'll be for everyone and everything. It's also likely that many of the coins that eventually are actually used have not been invented yet.

[somac.]

All I can say is wow, 628 Billion Market cap.  Money seems to be pouring in the crypto space.

Yes but very little is going into bitcoin, I hate to say it but I wonder if this year bitcoin will lose it's number one place seems like bitcoin is being specifically avoided by the pumpers. So man other coins have a straight vertical line on their charts, some have gone up 100 times in a matter of about a week.

Yeah... You better sell your bitcoin and put your value into one of those other coins.

Surely, bitcoin is dead.. and going to be surpassed in the very near future... in other words, the only way is down for bitcoin relative to various other alts.   

I never sell bitcoin. But, I have some useless fiat laying around.

[somac.]

I recently read a post by someone whose cousin had invested in crypto, but didn't even know what a wallet was. He held everything on exchanges and was just gambling on price rises. I suspect most of the recent wave of new investors don't know what a wallet is, and nothing about the technology backing whatever crypto they invested in.

My feeling is that the spiritual comparisons to the dotcom bubble will wind up being fucking eerie. The early shit will be flushed out by a horrifying bubble burst and the stuff that will turn out to be properly used will rise from the ashes and eventually bestride the Earth.

Ideally it would happen earlier, faster and cheaper than anything dotcom sized. The more drawn out and higher it is the more painful it'll be for everyone and everything. It's also likely that many of the coins that eventually are actually used have not been invented yet.

That will probably be true, but, living through it and not being invested in many alts makes me sad and gives me that good old fashioned FOMO feeling

[gentlemand]

That will probably be true, but, living through it and not being invested in many alts makes me sad and gives me that good old fashioned FOMO feeling

I don't think it matters what alt you're in as long as you're in one or two with some life to them. They all pump eventually. No one gives a shit at present what your particular coin is for as long as it's on enough exchanges.

Set yourself a sum to extract that leaves you some exposure and fulfils your desires, make sure you do extract it and the rest is pure fun and if it burns you watch it burn in comfort.

[Arriemoller]

and Bitcoin Core 0.16 may support Segwit Address Only : https://github.com/bitcoin/bips/blob/master/bip-0173.mediawiki

So it will be impossible to redeem paper wallets on core in the future? I thought we would have two systems working in parallel.

[Deeyoh]

What most forget is Bitcoin is programmable.  There's no reason it can't adopt any new great discovery with enough consensus of the people that use it.  That's one of the things that makes Bitcoin great.  A bar of gold isn't going to change into something more usable ever.

[RoomBot]

All I can say is wow, 628 Billion Market cap.  Money seems to be pouring in the crypto space.

Yes but very little is going into bitcoin, I hate to say it but I wonder if this year bitcoin will lose it's number one place seems like bitcoin is being specifically avoided by the pumpers. So man other coins have a straight vertical line on their charts, some have gone up 100 times in a matter of about a week.

No way.

People liquidating for holiday presents & bills.

Year-end tax hedging & / or payments.

BTC ALWAYS tanks in December.

I predict a Bitcoin Spring!

[explorer]

What most forget is Bitcoin is programmable.  There's no reason it can't adopt any new great discovery with enough consensus of the people that use it.  That's one of the things that makes Bitcoin great.  A bar of gold isn't going to change into something more usable ever.

Ya, bitcoin develops at the speed of light, so no problem.

*block size*

 *cough*


The people that use it don't seem to matter in the least.

[gentlemand]

What most forget is Bitcoin is programmable.  There's no reason it can't adopt any new great discovery with enough consensus of the people that use it.  That's one of the things that makes Bitcoin great.  A bar of gold isn't going to change into something more usable ever.

Ya, bitcoin develops at the speed of light, so no problem.

*block size*

 *cough*


The people that use it don't seem to matter in the least.

Let's see what them extra layers deliver. You might get a personalised one that keeps your cat company while you're out raving for all we know. That's where the action should be happening in future.

[OWZ1337]

and Bitcoin Core 0.16 may support Segwit Address Only : https://github.com/bitcoin/bips/blob/master/bip-0173.mediawiki

So it will be impossible to redeem paper wallets on core in the future? I thought we would have two systems working in parallel.

i thought we were forking segwit away as it's not proven it's worth~ i think we need to fork back lol

[JayJuanGee]

All I can say is wow, 628 Billion Market cap.  Money seems to be pouring in the crypto space.

Yes but very little is going into bitcoin, I hate to say it but I wonder if this year bitcoin will lose it's number one place seems like bitcoin is being specifically avoided by the pumpers. So man other coins have a straight vertical line on their charts, some have gone up 100 times in a matter of about a week.

Yeah... You better sell your bitcoin and put your value into one of those other coins.

Surely, bitcoin is dead.. and going to be surpassed in the very near future... in other words, the only way is down for bitcoin relative to various other alts.   

I never sell bitcoin. But, I have some useless fiat laying around.

A distinction without a difference, no?  Whether you sell some of your bitcoin to buy altcoins or you use your fiat to buy altcoins rather than buying bitcoin, doesn't that behavior result in a similar dynamic, that you are getting diverted from bitcoin and removing your eye from the prize by pumpity nonsense including thoughts that there happens to be actual fundamentals beyond some of the nonsense pumps, whether you are thinking about ripple, or ethereum or bcash or some other nearly equal nonsense?

[Arriemoller]

ATM in Hong Kong:

If this is real, for some reason, you see that bitcoin.com is stamped on the top of the bitcoin ATMs.  Does anyone consider that as strange? 

Are folks believing that Bitcoin.com is a legitimate entrance into information about bitcoin?

There seem to be quite a few folks who get confused by this kind of information, including supposed legitimacy in a name, such as bitcoin.com (which is really nearly a full fledged attack on bitcoin, no?)

Looks like some photoshoped fuse boxes to me.

[JayJuanGee]

What most forget is Bitcoin is programmable.  There's no reason it can't adopt any new great discovery with enough consensus of the people that use it.  That's one of the things that makes Bitcoin great.  A bar of gold isn't going to change into something more usable ever.

Ya, bitcoin develops at the speed of light, so no problem.

*block size*

 *cough*


The people that use it don't seem to matter in the least.

GET out of here with your stupid-ass BIG BLOCKER propaganda nonsense.


SHEW, YOU!!!!

[criptix]

All good boys they said 20+ k in January 2018 

Who the fuck is "they"?

And, how the fuck do "they" know?


Speaking of fuck, you come off as a fucking troll.   

Zzzzzz
Maybe that is the result of holding BTC for 4 years.

Just read the last 50 pages again and tell me how many people did not call 20++ k in january.


I would have give ten thousands of $ if someone could have guided me correctly through 2014 but oh well i had to learn the hard way.


Ps: I am one of your secret fans because like me you hold through the whole shit show until now.

[somac.]

All I can say is wow, 628 Billion Market cap.  Money seems to be pouring in the crypto space.

Yes but very little is going into bitcoin, I hate to say it but I wonder if this year bitcoin will lose it's number one place seems like bitcoin is being specifically avoided by the pumpers. So man other coins have a straight vertical line on their charts, some have gone up 100 times in a matter of about a week.

Yeah... You better sell your bitcoin and put your value into one of those other coins.

Surely, bitcoin is dead.. and going to be surpassed in the very near future... in other words, the only way is down for bitcoin relative to various other alts.   

I never sell bitcoin. But, I have some useless fiat laying around.

A distinction without a difference, no?  Whether you sell some of your bitcoin to buy altcoins or you use your fiat to buy altcoins rather than buying bitcoin, doesn't that behavior result in a similar dynamic, that you are getting diverted from bitcoin and removing your eye from the prize by pumpity nonsense including thoughts that there happens to be actual fundamentals beyond some of the nonsense pumps, whether you are thinking about ripple, or ethereum or bcash or some other nearly equal nonsense?

Not if you divert those profits back into bitcoin

[Arriemoller]

I got a letter from the taxman the other day saying I owe the state the equivalent of 10 cents, that's slightly less then the postage .

Send 'em BTC 0.000007 

I have to correct myself, it was the equivalent of about 1 USD, and I have since found out that I don't have to pay it. Anything below 12 USD will just be transfered to next years tax form.

That's what happens when you drink and post.

[RoomBot]

I got a letter from the taxman the other day saying I owe the state the equivalent of 10 cents, that's slightly less then the postage .

Send 'em BTC 0.000007 

I have to correct myself, it was the equivalent of about 1 USD, and I have since found out that I don't have to pay it. Anything below 12 USD will just be transfered to next years tax form.

That's what happens when you drink and post.

BULLET DODGED!  That BTC .000007 will be worth 20 cents next year.  HODL!!!

[HairyMaclairy]

Ether on a pump will retake #2 spot from cRipple soon

Oh where oh where have all the cRipple shills gone?

[xhomerx10]

https://cointelegraph.com/news/us-dollar-will-end-2017-as-worst-year-since-2003-while-bitcoin-is-up-1372

I wish that was 16:9

wallpaper material right there

edit:
 hope you like white



Bitcoin colour seemed more fitting