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

[sirazimuth]

Oh Kodak... lol

http://www.businessinsider.com/kashminer-kodak-bitcoin-mining-2018-1

Looks like they just stuck a Kodak sticker on the
side of an S9....

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[Enjel]

The path to enlightenment...


December/January
I'm getting into cryptocurrency, gonna buy me some Bitcoin
Nah, Bitcoin is too expensive, there are these Altcoins, I'll buy me some Ripple & Tron they are really cheap and everyone says its going to the moon.
Oh, I'm gonna sell those now I fully understand cryptocurrencies, most of these Altcoins are shit, I'm gonna just get the best ones like Ethereum & Bitcoin Cash.
Look I was right Bitcoin is finished it's going down.
.
..
.
Some time later that year
Oh shit, I really scerwed that up, gonna sell all my shitcoins and get Bitcoin again.

This is exactly what I'm thinking. Fad altcoins are fads, and will fade into obscurity. TRX has no working product, and many of the others coins just have expensive looking teams, impressive white papers, big promises, and nothing else. XRP is a scam, and total supplywould easily show its massive overvaluation, as opposed to circulating supply.

On the other hand, riding up on good altcoins will work out. ETH is not a shitcoin by any means.

[BitcoinBunny]

Oh Kodak... lol

http://www.businessinsider.com/kashminer-kodak-bitcoin-mining-2018-1

Looks like they just stuck a Kodak sticker on the
side of an S9....

That's exactly what I thought.

What's stopping the likes of Coca Cola doing the same and creating Coca Cola Coin CCC or McDonald's coins: MDC: McCoin?

In other news looks like we are going up again.

[Enjel]

The vacuum of the ripple implosion is pretty amazing.   Haha, it sure is rippling the market.  You know, I almost feel bad for the people that invested in it.

Ask my boss how he feels about his Ripples 

He's already a (fiat)millionair but still believes Bitcoin is to expensive while i advised him serval times that you can buy Bitcoin for $50 and $100 etc.

Best part is that i told him i bought the dip during X-Mass....Boss: b...but did you spend $12.000? lol.

He had Bitcoin but sold all below $1000 while i strongly adviced him to HODL!

Most people here are miles ahead of the unknow, sheeps will never listen, just like talking to a wall no matter how many times you explaining it to them.

A million dollars a year will soon become the poverty-line wage. The poverty line wage today was amazing money a few decades ago.

You would literally have to make like 100 million USD in crypto to be able to retire in 40 years, and quit your job and stuff.

Not much to do with your story, but just a thought!

[d_eddie]

Meanwhile, the swings continue. They seem narrower. Nearly 14.5k right now (gdax).

Bob, do you have that country song ready yet? Festival planning is in Phase 2.

[Torque]

ETH is not a shitcoin by any means.

Says you. I beg to differ.

EDIT: Downtrend line broken on the 6h.

[Phil_S]

Kodak, wow just wow, 400% in two days - not bad for a company that destroyed itself by ignoring digital photos.

Here's a script for any ailing company:

1. Start pushing an internal cryptocoin or blockchain integration agenda
2. Quietly buy up company stock shares for 6 months
3. Publically announce said crypto agenda, even it is complete vaporware
4. Watch shares of stock get pumped jump 400-500% overnight
5. Profit !

And rename company to Kodak Blockchain, of course.

[Voodah]

We're going back to 15k today, I can feel it!

I feel fairly certain that the group that has been shorting since $17k is the same group that started pumping the market on 1/2. They've been building a sizable short position ever since. Alts are going to get rekt soon.

I would normally tend to agree with this, as it is very much like what happened back in 2014. I remember some of the alts doing noise back then like PPC and Feathercoin and Quark. Go check those charts in CoinMarketCap now. They are not happy charts.

This time tho, a couple things are and feel different.

For one, cycles are shorter, mainstream hype is bigger and it seems even if there was a hard 80-90% haircut, it wouldn't last as long this time.

There's also the fees issue; and without getting political about it and whichever side you stand on, one must realize it does affect usage (https://bitinfocharts.com/comparison/sentbyaddress-transactionfees-btc.html#6m).

And then there's that new kind of dumb "investor", which, if you haven't been locked up in your house for the last month you've surely seen: the "omg this 0.10$ shitcoin is so cheap I'm buying".

And yes, the market cap is elastic and can as easily go back up as it did earlier this year; but if you look at the charts, they also look different from that time in that the wealth has been distributed more horizontally and all across the board (https://coinmarketcap.com/charts/#dominance-percentage, check the 'Others' grey line). It's not just shitpple or eth and the darn flippening. It will be at least marginally harder to swoop all that value back in.

And lastly, many of the teams and projects in this new wave are very different in nature to the ones from back then. Whereas we used to have early-adopters, solo-devs and crypto insiders teaming up in small teams creating the projects in a more grassroots way; it is now much more akin to the startup world, with most of the (relatively serious) projects already VC backed even before the "pre-sale". Funding + pre-sale + ICO. It's kinda nasty and a recipe for disaster, we all know it; but at the same time it also means the serious ones are not going anywwhere, they have runway money in the bank to keep going for at least a year or two.

I'm still open and even expecting a hard hard correction, but I think it's possible we will see a continuation of this trend all throughout the year. Money pouring in horizontally.

It's also odd in that for the first time (and only when I'm down) I could just barely possibly see a future where BTC does not go to the famous 1M. Not because crypto were unsuccesful, but rather the opposite, too much success, too much money wanting the join, too much FOMO.

[vladimir21]

Lets all agree is that the biggest btc problem is transaction fees and time, we need lightning network and its distribution. Even though it's centralized it for sure will be used by many people if the news spreads and the network is successful, this for sure will give btc a new ath.  The real question is how soon?

[Torque]

Lets all agree is that the biggest btc problem is transaction fees and time, we need lightning network and its distribution. Even though it's centralized it for sure will be used by many people if the news spreads and the network is successful, this for sure will give btc a new ath.  The real question is how soon?

Because the people who are screaming that fees are too high are 99.99% primarily day traders or brokers, then LN will do nothing for them until exchanges across the board integrate LN.

Don't hold your breath on that. We can't even get exchanges across the board to implement SW.

[vladimir21]

Lets all agree is that the biggest btc problem is transaction fees and time, we need lightning network and its distribution. Even though it's centralized it for sure will be used by many people if the news spreads and the network is successful, this for sure will give btc a new ath.  The real question is how soon?

Because the people who are screaming that fees are too high are 99.99% primarily day traders or brokers, then LN will do nothing for them until exchanges across the board integrate LN.

Don't hold your breath on that. We can't even get exchanges across the board to implement SW.

I think if something important as that can come out it for sure will be integrated, and i think exchanges who will integrate it first will profit and all the users will switch. I think if the LN is available it won't be that hard for the exchanges to create ln wallet for fast storage and transactions.

[Rosewater Foundation]

Meanwhile, the swings continue. They seem narrower. Nearly 14.5k right now (gdax).
Bob, do you have that country song ready yet? Festival planning is in Phase 2.

Chatted with my partner this morning. Lowering my exit targets.  Don't want to say any more than that for fear of jinxing things. I still don't feel the time is right yet, but "very soon".

He brought up the same point as IcyGreen - "Didn't you say you were going to dump $1M @ $10k USD/BTC ?"

I am filled with shame for allowing my greed to get the better of me. It's... emasculating... being scolded by a power-bottom, damnit.

Either way, will still end up HODLing a very respectable sum of BTC when all is said-and-done.

Just quit your day job and pray it doesn't all go tulips. Live on the edge, man.

[jojo69]

mmmmmmmmmmmmmm

tulips

[Searing]

Meanwhile, the swings continue. They seem narrower. Nearly 14.5k right now (gdax).
Bob, do you have that country song ready yet? Festival planning is in Phase 2.

Chatted with my partner this morning. Lowering my exit targets.  Don't want to say any more than that for fear of jinxing things. I still don't feel the time is right yet, but "very soon".

He brought up the same point as IcyGreen - "Didn't you say you were going to dump $1M @ $10k USD/BTC ?"

I am filled with shame for allowing my greed to get the better of me. It's... emasculating... being scolded by a power-bottom, damnit.

Either way, will still end up HODLing a very respectable sum of BTC when all is said-and-done.

Just quit your day job and pray it doesn't all go tulips. Live on the edge, man.

My last day of work now is Sunday 14th in the am. Can retire w/o crypto..when BTC hit 10k it looked silly to continue....

my issue is I probably SHOULD sell 10% to 20% of my crypto hoard of BTC and ALTS ..to be safe and TULIP Insurance....

but got ALL my crypto from mining, all ROI'd..and still making crypto to live on (thus retire early) each month w/o touching crypto hoard

so the issue with me is HOW DAMN hard it is to let go when you see every day how hard it is to get crypto out of your ROI'd units that mine

thus you pray for a price pump and blamo, you are good for another 6 months..quite the ride

I assume I'll crack like a walnut as soon as my income stream from mining dries up, but until then I'm managing to HODL...but numbers are getting 'interesting' as a heart atttack

(of course, like all of us I'm just one stripper/gold digger away from blowing it all for the right lies) but that is a given,

the catch is
1) you have to be a boring nerd to get into this in a big way anyway

2) if you do well in crypto as a result ..you are still boring...wtf?

best to keep this to ourselves ...I suspect most of us would be pliable exotic dancer putty with the right lies

[Toxic2040]

Well..none of my stop loses triggered...must have survived the night.  Cryptopocolypse has been canceled?


Generally speaking..I dont consider myself to be a chartist...but I seem to have been in a zone...some type of fugue state. Whispering.

Not only that, I seem to have created two new words as well this morning. Delightful.

Everyone get your big boy pants belted on...Bob..you can either go with chaps or a tutu..your call.  /s  

[Torque]

Oh Kodak... lol

http://www.businessinsider.com/kashminer-kodak-bitcoin-mining-2018-1

Looks like they just stuck a Kodak sticker on the
side of an S9....

That's exactly what I thought.

What's stopping the likes of Coca Cola doing the same and creating Coca Cola Coin CCC or McDonald's coins: MDC: McCoin?

In other news looks like we are going up again.

When literally every company in the world has their own private "coin" or ICO and they're all up 500% because of it, that will be your sell signal.

[pawel7777]

...

I think if something important as that can come out it for sure will be integrated, and i think exchanges who will integrate it first will profit and all the users will switch. I think if the LN is available it won't be that hard for the exchanges to create ln wallet for fast storage and transactions.

Why would average exchange give a damn about LN? Trades are done off-chain, large portion of bitcoin "users" don't even own wallets (buy for fiat on exchange and keep it there), to deposit - user still has to pay miner fee to open channel (so makes no sense), withdrawal fees can be passed onto users (to discourage them for withdrawing).

I don't see any immediate incentive for exchanges to implement LN. They would likely be the last to jump on it, unless there's a massive demand from users, but average traders would hardly benefit from it, if at all (with an exception of arbitrage traders).

[jojo69]

strippers/gold diggers

audition line forms here

[Starving_Marvin]

Seems like that was the bottom. Be seeing you....

[Syke]

strippers/gold diggers

audition line forms here

https://www.seekingarrangement.com/