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

[HairyMaclairy]

Thanks for the referral to Byteball. I am interested in the concept of DAG even if current implementations are crap. 

[rjclarke2000]

BTC Dominance: 34.0%

is bitcoin done?

Yes sold all mine for ripple

[luckygenough56]

btc will surely get tested in 2018, lotts of good alts

[HairyMaclairy]

btc will surely get tested in 2018, lotts of good alts

Name one other than Eth, Monero or maybe ZEC.   Tether?  Lol

[realr0ach]

If you want to try a working DAG try Byteball.

Byteball is technically not even a DAG.  Neither is IOTA since it's virtually impossible to form consensus using one.  They both shove in forced convergence that supercedes whatever the DAG does.  As seen on the r0ach report 27:

http://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-27-no-dags-iota-byteball-are-not-useful-and-bitcoin-so-called-triple-entry-accounting-isn-t-real

I'm telling you people, none of these coins actually work.  Yes, 1400 coins and they're all designed to centralize.

[Last of the V8s]

@_MG_ 10 hours ago
2018 day 2 - 6 million cell tracking & spying devices have accidental backdoors.
2018 day 3 - Basically every internet attached device with a processor has an accidental backdoor.
Let's keep the pace up for the rest of the year!

ha bleeding ha. 'accidental' my arse


https://aws.amazon.com/security/security-bulletins/AWS-2018-013/
which makes me wonder if Bezos has an ic fab up his sleeve
and ofc peppered throughout the logs eg http://btcbase.org/log-search?q=tv%20raft

anyway

[somac.]

The cycle for ATH is supposed to be 9 months, not 2 weeks!

not talking about ATHs here, I'm talking performance vs other coins. I've seen alts do well before when BTC has suffered, but not like this.

You weren't around here in May when Ripple, ethereum, Dash, Litecoin, ETC, monero and many others did a similar pump while BTC stagnated until it finished?

Looks pretty similar to me.

I was around, but, this time seems different BTC has also lost a larger market share this time.

[HairyMaclairy]

In 7 days the crypto market has gone from $500 billion to $750 billion. That’s a market wide blow off top.

Edit:  There has to be a market wide crash. I just don’t know if it will take BTC with it.  You would have to think it will. 

[realr0ach]

@_MG_ 10 hours ago
2018 day 2 - 6 million cell tracking & spying devices have accidental backdoors.
2018 day 3 - Basically every internet attached device with a processor has an accidental backdoor.
Let's keep the pace up for the rest of the year!

ha bleeding ha. 'accidental' my arse

I don't know 20 prgramming languages like some weirdos around here but I know 3.  What I find funny is that none of the ultra nerds or white/black hats I know seem to trust hardware wallets at all.  This is another reason I see BTC as retarded, trying to store your life savings in it is always going to be dangerous as hell.  People like the Gavinator used to tell people it was dangerous because it was, but now people pretend it's safe when nothing has really changed. I guess they think a Vitalik will roll back the chain.

[JayJuanGee]

if you don't think holding solid over $10,000 is "momentum" then I can't help you

Its not when the entire cryptomarket cap has more than doubled in that time

Go and buy some alts then

luckily, I already have some, but, It's Bitcoin that I think should be the one flourishing. I'm just hoping that things go back to normal before Ripple takes over, that will be a big PR hit for BTC if it happens. BTC is being attacked and at the moment it looks like the attackers are winning.

Who gives a ratt's ass?

Let ripple overtake bitcoin in terms of market cap.

Does not change fundamentals of either ripple or bitcoin...

[Logic-Elliven]

BTC transaction times are slow and costs high.  
This is negatively affecting BTC prices with everyone changing to alt coins before transferring or transacting and seeing no reason to change back...

The solution was and is Segwit.
Yet last I looked only about 10% of exchanges were Segwit enabled.

My question is:
Why?

• Why are exchanges anti Segwit..!???  I think its a greed thing?
• How can that be changed?  Is there some way to entice /force exchanges to implement Segwit?

[realr0ach]

Who gives a ratt's ass?

Let ripple overtake bitcoin in terms of market cap.

Does not change fundamentals of either ripple or bitcoin...

Craptocurrency market is dead the second that happens, which is good, then everyone will realize they're all centralized scams and go back to physical metals.

[bitserve]

The cycle for ATH is supposed to be 9 months, not 2 weeks!

not talking about ATHs here, I'm talking performance vs other coins. I've seen alts do well before when BTC has suffered, but not like this.

You weren't around here in May when Ripple, ethereum, Dash, Litecoin, ETC, monero and many others did a similar pump while BTC stagnated until it finished?

Looks pretty similar to me.

I was around, but, this time seems different BTC has also lost a larger market share this time.

So did that time... BTC market cap share was around 85% and it dropped to around 50% or less IIRC.

After the alt pump stopped. Bitcoin did more than a 10x in the next months.

Still can't see the difference.

[CristiTCM]

sold 0.8 BTC yesterday for TRX, today i have 1.6 BTC lol

[HairyMaclairy]

If nothing else, this whole alt coin pump is nailing shut the lid on the Bcash coffin.

[realr0ach]

sold 0.8 BTC yesterday for TRX, today i have 1.6 BTC lol

Since bitcoin isn't money and is just an IOU, neither are federal reserve debt notes, you got zero of anything until you've cashed out of the debt and IOU system for either a physical good you can defend with an AR15, or silver, gold, or other commodity money that doesn't represent debt or IOUs.

[HairyMaclairy]

Bitcoin is not an IOU.  No one owes you anything.

[milkshock100]

If nothing else, this whole alt coin pump is nailing shut the lid on the Bcash coffin.

Good. At least xrp is shameless.

If jihan wu and roger ver go down because of xrp I’m delighted

[realr0ach]

Bitcoin is not an IOU.  No one owes you anything.

Of course it's an IOU.  It's a valueless token that you pray someone else honors the value for.  That's the very definition of an IOU.  An IOU doesn't require a contract solely with one other party.  You have entered into a far worse contract, a contract with no discernable party at all. 

The only type of money that isn't an IOU are physical commodity currencies whether it's silver, gold, oil, wheat, or what have you, because even if every single other person on the planet dies, you do not require any external actors to make good on your claim and are already holding it in your hand.  It is not possible to be left "holding the bag" with a real commodity currency.  Since bitcoin is not a real commodity, not tangible, and is essentially an imaginary object, it is very much an IOU as far as the human plane of existence is concerned.

[ghandi]

I want my Bitcoin-Bullrun back! Now!!!!