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

[LFC_Bitcoin]

I wouldn’t be surprised if Roach came out in favor of XRP. He’s a lunatic in every other sense.

I bought 200 XRP last week for shits & gigs, don’t want to miss out. Even if it goes to $100 it’d be an epic profit.

[realr0ach]

I wouldn’t be surprised if Roach came out in favor of XRP. He’s a lunatic in every other sense.

No real difference in any of these coins.  They're all designed to centralize, some just obfuscate how they're centralized better than others.  They're generally all permissioned ledgers due to not being fungible also.  The transactions are not blinded and at any second the mining or stake cartel can just say HAHA FAGS, we're not processing your transaction and declare you a terrorist.  Good luck moving your coins ever because even if North Korea processes it, the G7 will flag them!  And we don't allow tumbled coins with no origin either!

[svdleer]

Picasso is started again on GDAX.

[Traxo]

No one will be forced to use the lightning network. LN will reduced blockchain bloat and lower fees, even for the people who will never use it.

[...] Anonymint's number were WAY WAY higher than mine for how high fees can go, but I don't know if his were rational or not since I didn't really check them.

https://bitcointalk.org/index.php?topic=1767014.msg18590930#msg18590930

Furthermore:

Fellow Bitcoiners, are you ever going to realize how problematic these fees are getting?
Avg fees now over $40 per tx.
A year ago avg fee was $4.
A year prior, $0.40.
Growing faster than price, and exponentially with usage.
We just spent $4800 to move 15 BTC in one TX.

[LewisPirenne]

I don't even want to admit how many people I recognize in that teaser.  Though if Episode 6 truly occurs, that would be an epic end to this saga.

[HairyMaclairy]

So enlighten us Roach with your considered views on Monero.

[Last of the V8s]

also found this good pic: https://i.imgur.com/WaPuv5i.png
but it needs 'bitcoinization' (and shrinking). anyone?

[HairyMaclairy]

http://www.alfredandco.com/products/alfred-co-ripple-pump/

[Last of the V8s]

I don't even want to admit how many people I recognize in that teaser.  Though if Episode 6 truly occurs, that would be an epic end to this saga.

who's the one with the nobbly bits on his face on the left?
and the 2 in white near the middle?

[ghandi]

Cardano, Lumens and Ripple nag away Bitcoins dominance. Makes me a little sad. But maybe the time has come for some new leaders... 

[HairyMaclairy]

It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.  

Notice how everyone has forgotten about Bcash?

[olseh]

Notice how everyone has forgotten about Bcash?

Good, I'd rather give coins that are actually trying to be different a chance

[somac.]

Cardano, Lumens and Ripple nag away Bitcoins dominance. Makes me a little sad. But maybe the time has come for some new leaders...  

Yes, I am not happy about it. Blows my mind that its even close to possible. It wasn't easy for botcoin to get such a large marketcap then you have something like cardano, a coin that isn't even used get there in a matter of weeks

[gentlemand]

Cardano, Lumens and Ripple nag away Bitcoins dominance. Makes me a little sad. But maybe the time has come for some new leaders...  

Yes, I am not happy about it. Blows my mind that its even close to possible. It wasn't easy for botcoin to get such a large marketcap then you have something like cardano, a coin that isn't even used get there in a matter of weeks

It's far easier now. Bitcoin did the heavy hauling and created everything we see.

Now the hunger and the funds are here to slot any old plop into the market and it can be pumped wherever they want it to go.

[AlcoHoDL]

It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.  

Notice how everyone has forgotten about Bcash?

A few months ago I helped a friend setup a Kraken account to buy some BTC. This guy is completely tech-/crypto-illiterate. To him, Bitcoin, Ripple, Stellar, DOGE, are all equivalent.

A few weeks later he told me that BTC was too expensive for him to buy (a common newbie reaction). I explained to him that 1 BTC = 1000 mBTC, etc., so even 0.1 BTC is still a good investment. He ignored my advice. Using common sense, he concluded that the only chance he has to quickly multiply his investment would be to buy cheaper altcoins, because, according to his thinking, if they're cheap they have the potential to grow much faster and much more than BTC.

He bought a few altcoins. No BTC. His two biggest purchases were 10000 Ripple and 10000 Stellar Lumens. He paid about 2000 € for both purchases.

Today, his crypto stash is valued in excess of 30000 € (a 15x gain), with the majority of the gains coming from XRP and XLM. All this in just 4 months! Had he followed my advice, he would have less than 1/4 of what he has now...

I told him that he should consider buying some BTC, but he's blinded by his unexpected gains and is now determined to ride the Ripple/Stellar wave until the end. I just hope he won't be disappointed when the trend reverses and the bank-coins start losing value (or BTC does a 10x again this year)...

[TERA2]

I think you're friend was actually right that btc was too expensive though . how ironic

[somac.]

It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.  

Notice how everyone has forgotten about Bcash?

A few months ago I helped a friend setup a Kraken account to buy some BTC. This guy is completely tech-/crypto-illiterate. To him, Bitcoin, Ripple, Stellar, DOGE, are all equivalent.

A few weeks later he told me that BTC was too expensive for him to buy (a common newbie reaction). I explained to him that 1 BTC = 1000 mBTC, etc., so even 0.1 BTC is still a good investment. He ignored my advice. Using common sense, he concluded that the only chance he has to quickly multiply his investment would be to buy cheaper altcoins, because, according to his thinking, if they're cheap they have the potential to grow much faster and much more than BTC.

He bought a few altcoins. No BTC. His two biggest purchases were 10000 Ripple and 10000 Stellar Lumens. He paid about 2000 € for both purchases.

Today, his crypto stash is valued in excess of 30000 € (a 15x gain), with the majority of the gains coming from XRP and XLM. All this in just 4 months! Had he followed my advice, he would have less than 1/4 of what he has now...

I told him that he should consider buying some BTC, but he's blinded by his unexpected gains and is now determined to ride the Ripple/Stellar wave until the end. I just hope he won't be disappointed when the trend reverses and the bank-coins start losing value (or BTC does a 10x again this year)...

Yeah, I don't know. I mean they should correct at some point, but, I can't help but think sometimes that maybe we're blinded by old philosophies. I came to bitcoin because I hated corruption of banks and government, and knew how the monetary system was cheating the people and rewarding the rich. It doesn't seem like crypto is about that now, the newbies don't know shit, and don't care about a fairer world, it's pure greed. I just hope this doesn't push bitcoin down the ladder.

[gentlemand]

I just hope this doesn't push bitcoin down the ladder.

Of course it will.

[RealMachasm]

It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.  

Notice how everyone has forgotten about Bcash?

A few months ago I helped a friend setup a Kraken account to buy some BTC. This guy is completely tech-/crypto-illiterate. To him, Bitcoin, Ripple, Stellar, DOGE, are all equivalent.

A few weeks later he told me that BTC was too expensive for him to buy (a common newbie reaction). I explained to him that 1 BTC = 1000 mBTC, etc., so even 0.1 BTC is still a good investment. He ignored my advice. Using common sense, he concluded that the only chance he has to quickly multiply his investment would be to buy cheaper altcoins, because, according to his thinking, if they're cheap they have the potential to grow much faster and much more than BTC.

He bought a few altcoins. No BTC. His two biggest purchases were 10000 Ripple and 10000 Stellar Lumens. He paid about 2000 € for both purchases.

Today, his crypto stash is valued in excess of 30000 € (a 15x gain), with the majority of the gains coming from XRP and XLM. All this in just 4 months! Had he followed my advice, he would have less than 1/4 of what he has now...

I told him that he should consider buying some BTC, but he's blinded by his unexpected gains and is now determined to ride the Ripple/Stellar wave until the end. I just hope he won't be disappointed when the trend reverses and the bank-coins start losing value (or BTC does a 10x again this year)...

Yeah, I don't know. I mean they should correct at some point, but, I can't help but think sometimes that maybe we're blinded by old philosophies. I came to bitcoin because I hated corruption of banks and government, and knew how the monetary system was cheating the people and rewarding the rich. It doesn't seem like crypto is about that now, the newbies don't know shit, and don't care about a fairer world, it's pure greed. I just hope this doesn't push bitcoin down the ladder.

I hear you on that. It would seem that in the end money corrupts all things.

[bitserve]

Good thing I didn't sell my shitcoins.

Another good thing is that maybe now Wu and Ver are realizing what they did?

AFAIK, there's NO mining on most of those shitcoins.