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

[bitserve]

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.

Dash with 14% is the more decentralized, but have less nodes.

I am not sure if my memory is serving me right or not, but didn't the Dash devs have a 2 million coin premine? Or something to that affect? Have they sold their holdings or done some sort of redistribution?

Any sane entity distributes their transparent chain coins among many wallets.  These measures have little relevance to the real distribution, or lack of.

And in the case of dash there is a STRONG incentive to do so to run as many masternodes as you can with your stash.

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[Neo_Coin]

[mindrust]

Dash is a bad imitation of monero and I do believe having a transparent blockchain is a good thing.

As long as you don't make any public claims that you own the address you really own, nobody can know it that you really own it. In that way bitcoin is semi-anonymous and it is both government friendly and not at the same time. Whether if people prefer to stay anonymous or not, the decision belongs to them.

It is just like creating a facebook page. You can put your real information on the platform or you can create a complete fake one with lulzy information. There is a choice and I like it. (not fb obviously, fuck suckerberg)

[bitserve]

3000!

Yeah, the number of Bitcoin atm's worldwide is now over 3000. Exactly 3007. And the growth rate is now at an average of 10.43 new ones each day (average for the past week).

Let's just remind it was 2000 at 1 January 2018. A 50% increase in just 4 months.

It also was also around 1000 at  January 2017. So A 100% increase in 2017.

And around 500 at the beginning of 2016... which means 2016 also experienced a doubling.

It is almost a sure thing we will end this year over 5000, with a good probability for even more. So way more than double for this year alone... and we can conclude the rate is increasing somewhat exponentially.

This is ADOPTION guys.

Source: https://coinatmradar.com/charts/#growth

[TERA2]

lol

[PoS]

Can we put the dash trash to rest. It will die a natural slow dead in the years ahead. With the aid of the masternodes the unfortunate early mining mishap amounts to 5 million coins by now.
Lets focus on cryptos positives and the fact that Bitcoins coin emission in 2024 is about 0.8% and continue to half every 4 years.
Dash's metrics are such that at that time i still emits high 3,xx% and as such is pure rat poison from 2020 onwards.
Loosing more than 3% of your wealth per year is has no future considering with fiat, ripple, stellar you "only" loose 2,xx% and with dogecoin less than that.  
Its a joke of a cryto and cant even withstand a simple toothpick attack.

In Bitcoin land things will escalate very fast after next 1-2 halving s..

[nanobtc]

How long until BTC ATMs reach page count parity here?

[bitserve]

How long until BTC ATMs reach page count parity here?

Around 3 years at current growth rate (for both ATM's and WO pages). But the ATM growth rate is increasing too.

[afbitcoins]

Dash is a bad imitation of monero and I do believe having a transparent blockchain is a good thing.

As long as you don't make any public claims that you own the address you really own, nobody can know it that you really own it. In that way bitcoin is semi-anonymous and it is both government friendly and not at the same time. Whether if people prefer to stay anonymous or not, the decision belongs to them.

It is just like creating a facebook page. You can put your real information on the platform or you can create a complete fake one with lulzy information. There is a choice and I like it. (not fb obviously, fuck suckerberg)

Agree with most of that except the opening. Dash is nothing like Monero and not trying to be.

[Toxic2040]

Just some interesting things I am looking at today.

Have not tried this but it might be something to look into.
https://hackernoon.com/how-to-setup-bitcoin-historical-price-data-for-algo-trading-in-five-minutes-485cd5a0b3ed

Some current ownership stats.
https://medium.com/daliaresearch/how-many-people-actually-own-cryptocurrency-4ff460301520

[HairyMaclairy]

 I have trouble believing 9% of the US population owns crypto.  

That’s 30 million people.  Coinbase has 11 million active users including a large proportion of foreign users.  So maybe 9 million US users which is 2.7% of the population and instinctively feels more realistic.

[gentlemand]

I have trouble believing 9% of the US population owns crypto.  

That’s 30 million people.  Coinbase has 11 million active users including a large proportion of foreign users.

They surveyed 29,000 people from all over the world who are internet connected. That's actually considerably more than the average survey but still a pitifully small spread. A significant proportion of Americans probably believe the internet harbours Satan.

 I've never understood why anyone pays attention to surveys unless they personally visit every single person in the country. Pollsters can kiss my silky buns too.

[Typex]

Those stats are pure bullshit.  Not a chance 50% of the world is knowledgeable about crypto.  Only a small percentage of woman are into crypto, which just about destroys that stat.
I would guess less than 2-5% of North Americans could explain what Bitcoin public and private keys are and how they are used.  I would consider that topic crypto 101.

[Icygreen]

Some of the stats are accurate however.  Such as women and men in Asia more equally holding crypto and knowledge of.
I still find studies like this interesting even if the results are skewed.  One thing for sure... its a growing space!

[exstasie]

I have trouble believing 9% of the US population owns crypto.  

That’s 30 million people.  Coinbase has 11 million active users including a large proportion of foreign users.  So maybe 9 million US users which is 2.7% of the population and instinctively feels more realistic.

This might be your culprit:

internet-connected respondents

A lot of rural and older people don't really use the internet. Same with children, and I doubt the indigent are responding to surveys like these. How they define "internet-connected respondents" must inflate the numbers; it sounds like a more tech-savvy crowd than average. I saw a recent survey that said 5% of the U.S. population owns some cryptocurrency. Even that sounds like too much.

[jojo69]

on like Donkey Kong in the Golan

[Rosewater Foundation]

Good evening, Bitcoinland.

[Hueristic]

Just some interesting things I am looking at today.

Have not tried this but it might be something to look into.
https://hackernoon.com/how-to-setup-bitcoin-historical-price-data-for-algo-trading-in-five-minutes-485cd5a0b3ed...

Basing current BTC futures on historical data is a mistake, futures Markets and institutional investment has changed the trajectory to the point all that data is irrelevant. If I had the capitol I would be using that data as traps so i'd assume they are.

[infofront]

My grandma is 93 years old, and she was asking me about Bitcorn the other day. That was a bit surprising.

[Hueristic]

My grandma is 93 years old, and she was asking me about Bitcorn the other day. That was a bit surprising.

Do the hard sell.