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

[bitserve]

last time I heard you were struggling to make your Q1 tax payments...

Struggling ? That is not an accurate assessment. I'm doing pretty well, brother. Have been very blessed and fortunate.
What is your issue ? You are a bit too salty for my taste, friend.

You really didn't appreciate the irony?  
I know you are doing extraordinarily well, that was precisely the point of the joke. Gezzz, not even me would need thoset $100 for anything... much less you....

Eh, read you wrong I guess.

Apologies.

Kinda sensitive lately. Stuff and things IRL got me more sullen than usual.

DJ Lawblaw closing out the Saturday Night Wall Observer Session.

Epic Techno Closing Track: Patrick Chardronnet - Oxygene Part II

https://www.youtube.com/watch?v=DbfcCBKpByc

Good night everyone.

Np bro, maybe it was also a bit fault on my part with the wording (or the lame joke itself). English is not my language you know and jokes/irony are even more prone to misunderstanding in any case.

Shit, it's dipping again.

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[Arriemoller]

Well I for one do believe that we will see USD 1M within five years.
And I still believe we will se USD 80k end of year.

Thanks for answering. C'on people don't be shy and express your feelings about it.

10 years is too soon.  $1 million in 12 years - after 3 halvenings.  

We have the the network effect which leads to s-curve adoption AND a perfect inelastic supply, which in itself gives a very rapid price rise when demand increases.
These two factors together leads to a never before seen price increase.

[hodl_2015]

Hilarious: https://twitter.com/aaronlammer/status/989941213116674048

How is it gonna scale? LOL

P.S.: Full conversation with the hacker here: https://medium.com/@cointalk.show/aaron-lammer-talks-to-the-hacker-who-bitcoin-ransomed-his-webiste-fd68d6699e05

Hilarious. The scammer not being triggered by bitcoin/BCH makes me think this is even real, on the other hand any Nigerian would have gone for the ICO :-)

Edit: The bch address lacks entropy. It looks suspiciously like someone used two hands on a qwerty keyboard to make a "random" key. A Bech32 key encoding (without capitals) should also have started with "bc1".

[HairyMaclairy]

SEC Chairman - Bitcoin is not a security but almost all tokens are.  Silent on ETH.

https://coincenter.org/link/sec-chairman-clayton-bitcoin-is-not-a-security

[TERA2]

Go look at btc dominance and tell me more about a limited supply.

[Arriemoller]

Go look at btc dominance and tell me more about a limited supply.

I don't understand the question.
BTC dominance have nothing at all to do with the price.

[mymenace]

Well I for one do believe that we will see USD 1M within five years.
And I still believe we will se USD 80k end of year.

Thanks for answering. C'on people don't be shy and express your feelings about it.

10 years is too soon.  $1 million in 12 years - after 3 halvenings.  

based on s curve and wave adoptions mathematically the next wave is

2013 $100
2014 $1000
2017 $10000
2018 $100000
2021 $1000000
2022 $10000000

I imagine anywhere from now and onwards BTC could simply be replaced or saturated with other markets

resulting in a cap somehwere

[Arriemoller]

Well I for one do believe that we will see USD 1M within five years.
And I still believe we will se USD 80k end of year.

Thanks for answering. C'on people don't be shy and express your feelings about it.

10 years is too soon.  $1 million in 12 years - after 3 halvenings.  

based on s curve and wave adoptions mathematically the next wave is

2013 $100
2014 $1000
2017 $10000
2018 $100000
2021 $1000000
2022 $10000000

I imagine anywhere from now and onwards BTC could simply be replaced or saturated with other markets

resulting in a cap somehwere

That's pretty much what I believe as well.

[HairyMaclairy]

Go look at btc dominance and tell me more about a limited supply.

Show me a coin other than BTC, ETH or XMR that deserves to have a value above zero.

[Last of the V8s]

really need a better v-bottom before investing that much

[luckygenough56]

you can print dollars but you can print altcoins as well.

Same thing, always a way to print. Don't be fools.

[hodl_2015]

Go look at btc dominance and tell me more about a limited supply.

Show me a coin other than BTC, ETH or XMR that deserves to have a value above zero.

Euro's (as long as scrap metal prices stay above zero)

[TERA2]

Go look at btc dominance and tell me more about a limited supply.

I don't understand the question.
BTC dominance have nothing at all to do with the price.

The relevance is, if someone wants to use crypto they are not forced to use bitcoin, and altcoins absorb market cap that bitcoin could have had, lowering bitcoin's price in the long run and also removing arguments about scarcity because crypto is anything but scarce now.

[vapourminer]

Well I for one do believe that we will see USD 1M within five years.
And I still believe we will se USD 80k end of year.

Thanks for answering. C'on people don't be shy and express your feelings about it.

10 years is too soon.  $1 million in 12 years - after 3 halvenings.  

as long as the price hits the point where the wife and i can afford boosterspice (a not yet invented drug that stops aging - see larry niven novels) i will be happy.

[HairyMaclairy]

Go look at btc dominance and tell me more about a limited supply.

I don't understand the question.
BTC dominance have nothing at all to do with the price.

The relevance is, if someone wants to use crypto they are not forced to use bitcoin, and altcoins absorb market cap that bitcoin could have had, lowering bitcoin's price in the long run and also removing arguments about scarcity because crypto is anything but scarce now.

There will come a point when every single ERC20 hasn’t delivered on its roadmap and people will start to wisen up.  As one example, the market is saturated with Storj copycats.  You aren’t going to get people excited about decentralized storage anymore.  

All “X on a blockchain” are shitty ideas except currency and tokens representing assets.

There are no decent competitors in the currency space except possibly XRB which has got nightmare scaling problems. ETH seems to have the tokens market sewn up.  XMR is leading the privacy currency space. Lightning, if consumer friendly, will do away with the need for LTC.  

I haven’t seen any convincing arguments about why VEN needs a blockchain and how they will stop corrrupt data being entered onto the chain. BCH, EOS and ADA are obvious scams, IOTA couldn’t untangle itself from a wet paper bag and I don’t need to discuss XRP, XLM or TRX.  

There really isn’t anything else useful or helpful that I have seen anywhere in the cryptosphere.  Happy to be told I am wrong and am missing things and for those things to be pointed out.

[mindrust]

Go look at btc dominance and tell me more about a limited supply.

I don't understand the question.
BTC dominance have nothing at all to do with the price.

The relevance is, if someone wants to use crypto they are not forced to use bitcoin, and altcoins absorb market cap that bitcoin could have had, lowering bitcoin's price in the long run and also removing arguments about scarcity because crypto is anything but scarce now.

That's where user adoption becomes important.

They don't have to use bitcoin but not all sellers will be accepting and building infrastructure for every shit coin there is. The winner in the space is obviously bitcoin. Rest are scams which are trying to trick you into buying shitcoins while giving the hopes of getting more bitcoins later.

Like hairy said, there simply shouldnt be any other coin above zero other than XMR, BTC and ETH right now but there are. Because free market & competition.

If EOS (or the other competitor) convinces people into using their platform rather than using ETH, ETH will die.

Same can happen to bitcoin too *god forbid* if bcash succeeds.  

When the markets gets saturated, when these big projects suck every FIAT in, when there is no room for growth left for the crypto industry, only then these small coins will die.

While we are in a major crypto bull market, nobody should be expecting of any competing projects to die easily unless it is an obvious ponzi scheme like bitconnect. (which lasted very long btw)

[TERA2]

Bitcoin may be the first mover. Bitcoin may be able to integrate features of other coins. Bitcoin may DESERVE to be the only coin. But the fact of the matter is that nobody is forced to use the real bitcoin, and most people dont even know what a real bitcoin is nor would they feel any moral obligation to use the real bitcoin even if they knew what it was, ESPECIALLY if another coin confirms faster or is easier to use. I am guilty of using alts myself just for exchange transfer (but not holding). USD is the main currency in the US because of laws. There is no such law for Bitcoin. There is no way we can force or compel the average user to use the real bitcoin. There isn't a technical solution for this. That's a job for social engineering which is not our specialty and the competition will have that locked down.

[El duderino_]

Go look at btc dominance and tell me more about a limited supply.

Show me a coin other than BTC, ETH or XMR that deserves to have a value above zero.

I would Just be thinking for This moment the alts that i have  ....... but to be very clear i have about 90% or more in BTC

[El duderino_]

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

You can be faster in Thailand than you know 

[Arriemoller]

Go look at btc dominance and tell me more about a limited supply.

Show me a coin other than BTC, ETH or XMR that deserves to have a value above zero.

Kittehcoin, because kitties are soo cute.