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

[Anon136]

Shit, my account was hacked  

This is the first time someone bothers to do so, i suppose this is bullish.

If someone can help me: https://bitcointalk.org/index.php?topic=3652698.msg36698207#msg36698207

If anyone here hasn't yet used the Stake your Bitcoin address here thread use erre's experience as a warning and consider doing so.

[Neo_Coin]

 

[realr0ach]

What a surprise, imaginary, valueless tokens can be sent over the internet but real world goods that actually do have value can't be.  Who would have guessed you cannot send silver or gold, a cheeseburger, or a house over the internet, but a Goldman Sachs mortgage backed security, US dollar, or bitcoin can be?

[Toxic2040]

I am hoping for upwards and a retest of 10k but this is what I am seeing. #dyor

Appears it will be sideways with moderate volatility for now. From a TA standpoint it looks like we are slumping slightly downward for the next several weeks. That being said there are mixed signals. We are also experiencing seller exhaustion so that is what is keeping us at or near support levels for the moment. The 15th of this month is showing up as a possible outlier according to some data. I will be observing closely during the coming week for better data.


Testing support at .236


Slightly different look at Coinbase. 4th of July fireworks?



Light or Dark mode?

[STT]

roach you remind me of Bobby Fisher with your obsession.     Why would you only be concerned with just one section of the world that may oppose you, seems far too optimistic when it could just be everyone at least to some extent.   I dont give any great credit to any nation or section of the world population to be my sole enemy and only concern to problems ongoing.   You ever consider if the world looks purple and off-colour, you might want to remove the tinted glasses you are viewing everything with.
  Usually the greatest problems come collectively that we are all partly flawed and the worst mistakes are when every person overlooks that error and so its duplicated to an extent where a flaw can become a crevasse.    The information you mention is already considered many times over

If you wont take any criticism at least avoid repeating yourself, I got the message previously.

Who would have guessed you cannot send silver or gold, a cheeseburger, or a house over the internet?

Of course you can do this.   All those things exist nearby to me, send them to me immediately is perfectly possible in many cities.    The payment transaction to justify the movement of the goods is more select technology.   I send gold grams all the time, its not decentralised but I'll trust that provider I guess as its in their interest.   To provide a global exchange system is far more ambitious.

[infofront]

What a surprise, imaginary, valueless tokens can be sent over the internet but real world goods that actually do have value can't be.  Who would have guessed you cannot send silver or gold, a cheeseburger, or a house over the internet, but a Goldman Sachs mortgage backed security, US dollar, or bitcoin can be?

It seems you've stumbled upon one of the value propositions offered by Bitcoin. Congratulations.

[Torque]

Even better, you can teleport it directly into a lockbox that no one on the earth but you can open. Or split it into 1000 such lockboxes near instantly.

[Anon136]

Even better, you can teleport it directly into a lockbox that no one on the earth but you can open. Or split it into 1000 such lockboxes near instantly.

Don't forget that it lacks such inconvenient properties as mass and volume.

[vroom]

Iran deal: Donald Trump withdraws US from nuclear agreement

is this the start signal for the next bull run?

[Real_Ramsey]

We're gonna rally hard for the next week starting tomorrow, then slow the roll until early June.

[Raja_MBZ]

Among top ten crypto-currencies (by market-cap), bitcoin still seems the most decentralized.

% of supply owned by the top 100 accounts, standouts:
- Bitcoin 19%
- Ethereum 35%
- Ripple 98%
- Bitcoin Cash 25%
- Stellar 95%
- IOTA 62%
- NEO 70%

Source: https://arewedecentralizedyet.com/

Gotta get rid of my Stellars for sure.

[bitserve]

Bitcoin still the most decentralized thing in crypto:

% of supply owned by the top 100 accounts, standouts:
- Bitcoin 19%
- Ethereum 35%
- Ripple 98%
- Bitcoin Cash 25%
- Stellar 95%
- IOTA 62%
- NEO 70%

Source: https://arewedecentralizedyet.com/

Gotta get rid of my Stellars for sure.

What about Litecoin? I would guess it is probably even less centralized...

[Torque]

Even better, you can teleport it directly into a lockbox that no one on the earth but you can open. Or split it into 1000 such lockboxes near instantly.

Don't forget that it lacks such inconvenient properties as mass and volume.

Philosophically, all determination of "personal value" or "collective value" for anything is completely in the mind. Whether something valued collectively by humans is tangible or intangible, or intrinsic or not, is inconsequential. It's all based on shared belief.

For example, a "college education" is something valued on the personal and on the collective level by humans. So valued that it (supposedly) costs much fiat to acquire it from a high valued institution. But it is completely intangible and all in the mind. You can't even resell it to anyone.

[Raja_MBZ]

Bitcoin still the most decentralized thing in crypto:

% of supply owned by the top 100 accounts, standouts:
- Bitcoin 19%
- Ethereum 35%
- Ripple 98%
- Bitcoin Cash 25%
- Stellar 95%
- IOTA 62%
- NEO 70%

Source: https://arewedecentralizedyet.com/

Gotta get rid of my Stellars for sure.

What about Litecoin? I would guess it is probably even less centralized...

Nope, for Litecoin, percentage of supply owned by the top 100 addresses = 45%.

[bitserve]

Bitcoin still the most decentralized thing in crypto:

% of supply owned by the top 100 accounts, standouts:
- Bitcoin 19%
- Ethereum 35%
- Ripple 98%
- Bitcoin Cash 25%
- Stellar 95%
- IOTA 62%
- NEO 70%

Source: https://arewedecentralizedyet.com/

Gotta get rid of my Stellars for sure.

What about Litecoin? I would guess it is probably even less centralized...

Nope, for Litecoin, percentage of supply owned by the top 100 addresses = 45%.

Interesting... Who would have said...

[Raja_MBZ]

Bitcoin still the most decentralized thing in crypto:

% of supply owned by the top 100 accounts, standouts:
- Bitcoin 19%
- Ethereum 35%
- Ripple 98%
- Bitcoin Cash 25%
- Stellar 95%
- IOTA 62%
- NEO 70%

Source: https://arewedecentralizedyet.com/

Gotta get rid of my Stellars for sure.

What about Litecoin? I would guess it is probably even less centralized...

Nope, for Litecoin, percentage of supply owned by the top 100 addresses = 45%.

Interesting... Who would have said...

Check it out:

https://bitinfocharts.com/top-100-richest-litecoin-addresses.html

EDIT: ...and the top player seems very much active: https://bitinfocharts.com/litecoin/address/LTU2cds4aSdXFip9sV4gXphnhxGQjgfjmg

[bitebits]

Bitcoin still the most decentralized thing in crypto:

% of supply owned by the top 100 accounts, standouts:
- Bitcoin 19%
- Ethereum 35%
- Ripple 98%
- Bitcoin Cash 25%
- Stellar 95%
- IOTA 62%
- NEO 70%

Source: https://arewedecentralizedyet.com/

Gotta get rid of my Stellars for sure.

What about Litecoin? I would guess it is probably even less centralized...

Nope, for Litecoin, percentage of supply owned by the top 100 addresses = 45%.

Interesting... Who would have said...

Check it out:

https://bitinfocharts.com/top-100-richest-litecoin-addresses.html

EDIT: ...and the top player seems very much active: https://bitinfocharts.com/litecoin/address/LTU2cds4aSdXFip9sV4gXphnhxGQjgfjmg

One of the many reasons I like XMR: https://moneroblocks.info/richlist
Privacy, in general, is extremely undervalued.


Edit: Warren Buffett about payment processors
https://finance.yahoo.com/BRKlivestream/ @ the 4:45:34 shareholder Q&A

"Payments are a huge deal, worldwide you got all kinds of smart people working at various ways to change the payments arrangements" ... "to destroy what we have now" (while Charlie Munger almost killing himself with a Peanut Brittle)

[Torque]

One of the many reasons I like XMR: https://moneroblocks.info/richlist
Privacy, in general, is extremely undervalued.

And yet any goods/services bought with XMR that are shipped can still be tracked to shipper or receiver. Somewhat undermining the purpose, yeah?

[cAPSLOCK]

What a surprise, imaginary, valueless tokens can be sent over the internet but real world goods that actually do have value can't be.  Who would have guessed you cannot send silver or gold, a cheeseburger, or a house over the internet, but a Goldman Sachs mortgage backed security, US dollar, or bitcoin can be?

By your "logic" email is also valueless.

[realr0ach]

Philosophically, all determination of "personal value" or "collective value" for anything is completely in the mind. Whether something valued collectively by humans is tangible or intangible, or intrinsic or not, is inconsequential. It's all based on shared belief.

False.  In order for something to be a store of value, it's required to have some type of intrinsic value to humans that can't simply fall out of fashion at the drop of a hat.  For instance, if one is trying to transfer generational wealth from grandparent to heirs over a 50 year timespan or so, the instrument you're using is required to still be needed on the other end of that timeline.  You're not able to just make stupid gambles with such things.

There is no single bulletproof solution to this, so this is why people tend to hedge it out over the various best options that are not subject to decay or entropy for human-level timespans, or fashion, which are typically things like physical commodity currency (silver and gold), land, or some type of well-entrenched business.  Something resembling an estate in other words.  An estate - or store of value because they're highly related - cannot be built upon fashion, gimmicks, short lived trends, or artificial scarcity.

Just like antique copies of MAD magazine do not function as a store of value to humans even though they're pseudo-finite in nature just like bitcoin, bitcoin does not function as a store of value either because it's virtually the exact same dynamic as that example.  Technically, it's possible you could get lucky and get away with using MAD magazines as a store of value and instrument to pass on generational wealth...over a short period of time, but in the long run, you're guaranteed to be shooting yourself in the face.

As for things like metals, the logic of my argument dictates that in an actual free market, the market cap of silver and gold would likely flip with one another, because the intrinsic value to humans of silver has vastly increased in recent times, while gold has not.  To be the best store of value requires having the best real world use cases for humans while still having all other required traits of money like fungibility after all.  We would use something like oil as money over both if possible due to this, but it's just not possible to do things like remove counterparty risk with oil, or portability and other issues, so metals are still king.  The only question is if gold will remain king over silver or not.