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

[infofront]

The "BullBear Analytics" newsletter explains why we likely didn't see a Consensus rally this year:

While there is still time for the bulls to pull off a miracle and rally price above $9,000 in time to call it a Consensus-driven move, we don't think the odds are very good considering the technicals are clearly pointing to more sideways consolidation while the sentiment surrounding the conference itself is mixed at best. No doubt it is a good sign that this event has gotten so large and garnered so much media attention, however that also may be its downfall given the reviews of everything from the registration process to actual access to the speakers has not been great to say the least. Additionally, the number of projects marketing and presenting that have no working product, much less revenues and/or profits, has apparently skyrocketed which has led many to compare this to the "internet" conferences of the late 90's which were a precursor to the crash. Whether or not the broader crypto space is in that sort of bubble remains to be seen, and we highly doubt BTC is specifically, however at the very least we can say that there appears to be saturation which might be one of the reasons the markets are not rallying this year like they have in the past.

TLDR (edited): Consensus has become a cesspool of ICO shitcoin/"blockchain" scams.

[valkener]

TLDR: Consensus has become a cesspool of ICO scams.

Have you looked at the agenda? There aren't any ICO's there. Not saying the conference is good. I'd say there's a lack of good speakers (such as Andreas).

[fluidjax]

As a Bitcoin maximalist who couldn't give a crap about ICO's and men in suits from the Fed/Large Traditional Corps, does anyone have any recomendations for sessions at Consensus 2018, I can't seem to find anything worth watching yet?

[buyandhold]

As a Bitcoin maximalist who couldn't give a crap about ICO's and men in suits from the Fed/Large Traditional Corps, does anyone have any recomendations for sessions at Consensus 2018, I can't seem to find anything worth watching yet?

Sorry no fwiw I haven't found more than a few maximalist scraps there.

Almost anything by Blockdigest makes better viewing than Coindesk Consensus, but perhaps you're all up to date. https://www.youtube.com/channel/UCb53lXz2IzEFT5JNHSbdvPg/videos

guess these will come out later


edited: https://twitter.com/jmcorgan/status/996434257026453506 a twitter thread summing things up so far from a core dev's pov

[El duderino_]

Many are probably waiting to see if we move above or below one of these trend lines...I dont blame you. Still looks like a good time to buy the dip imho.

and about here 

[vroom]

reverse bart (testing 8900-9000) in the next 4 hours?

[infofront]

TLDR: Consensus has become a cesspool of ICO scams.

Have you looked at the agenda? There aren't any ICO's there. Not saying the conference is good. I'd say there's a lack of good speakers (such as Andreas).

There's a lot more to a conference than just the official speakers. And among the speakers, there may not be any ICO salesmen, but there are plenty of shitcoin shills and representatives of "blockchain" companies.

Hell, Roger Ver would be a speaker there if it wasn't so hard for a convicted felon to get a visa.

https://www.coindesk.com/events/consensus-2018/agenda/

[El duderino_]

I think we pop over 9k today. Lets do it.
 

I hope this is the last time we cross 9k, I'm sick of vegeta

on the other hand, i do wanna see 5-dig as well, but it was just a funny vegeta one .  

[motoprose]

Is this the real life or just merely fantasy?

[El duderino_]

reverse bart (testing 8900-9000) in the next 4 hours?

[Raja_MBZ]

Is this the real life or just merely fantasy?

Nah, this isn't the real life. It's just that rat poison again. Don't go close to it.

[buyandhold]

Is this the real life or just merely fantasy?

I mean, a top like that for $9.99 is really not bad, but I can't exactly call it a fantasy.

[CookieFactory]

https://blockchainhero.com/bitcoin-price-prediction-2nd-half-2018/

Wouldn't've minded commenting but too irritating to have to sign in.

I appreciate it. Unfortunately just too many spam bots to allow open commenting.

[sirazimuth]

Meanwhile for the really important news:
https://www.cnbc.com/2018/05/14/those-lambos-parked-at-the-bitcoin-conference-are-just-a-promotion.html

Sorry, Tera - not a 'well-researched' article:

'Case in point, coder Peter Saddington, 35, bought a Lamborghini three years ago for $200,000 with 45 bitcoins'

And years ago, the price of a bitcoin was....?

not sure what price was 3 years ago (can't be bothered to google it) but it sure as hell wasn't  $4,444.44. not even in the ballpark.
"not well researched" is an understatement.
 these clueless hacks are such morons when it comes to writing stories about crypto.

[Toxic2040]

reverse bart (testing 8900-9000) in the next 4 hours?

I can see something like that playing out. We would just have to see what momentum it might produce. Price discovery, stop hunting..what ever you want to call it is still taking place. The markets are so thin we could as easily trend downward as well. Honey badger does what it wants.

and about here 

I might be somewhat over enthusiastic at times.

[Jacques_Bittard]

Meanwhile for the really important news:
https://www.cnbc.com/2018/05/14/those-lambos-parked-at-the-bitcoin-conference-are-just-a-promotion.html

Sorry, Tera - not a 'well-researched' article:

'Case in point, coder Peter Saddington, 35, bought a Lamborghini three years ago for $200,000 with 45 bitcoins'

And years ago, the price of a bitcoin was....?

not sure what price was 3 years ago (can't be bothered to google it) but it sure as hell wasn't  $4,444.44. not even in the ballpark.
"not well researched" is an understatement.
 these clueless hacks are such morons when it comes to writing stories about crypto.

I think that people who dream of buying lambos are probably talented in something else then investing. In investment perspective, buying a lambo is one of the most foolish decisions. It is difficult to operate in normal circumstances, wasteful, impractical and most importantly have a quickly depreciating value. It would be hard to take someone serious who drives a lambo and defines himself as an investor. A football player, lottery winner, drug trafficker.. sure.. but an investor, no way. People who are talented in investing and love the game, would probably have a involuntary nervous tick if they would buy and drive a lambo.

[sirazimuth]

Anyone have any good Matzo recipes ? I could use a good snack right about now.

http://www.myrecipes.com/holidays-and-occasions/passover-recipes/matzo-recipes-for-passover
I gotchu, fam.

I really enjoyed those Matzo recipes. Thanx Bob!

Oh I messed up my quotes...silly me! 

[buyandhold]

https://www.centre.io/
There's the takeover bid. (Goldman [edit]and DCG-backed) Circle and Bitmain.

The technology behind CENTRE makes it possible to exchange value between people, businesses and financial institutions just like email between mail services and texts between SMS providers. By using price-stable crypto assets, or stablecoins, we can remove artificial economic borders and create a more inclusive global marketplace.

"More freedom" - Jihan Wu

[realr0ach]

"CENTRE is a governed network powered by price-stable crypto assets"

Governed?  Where can I sign up for some of these imaginary, valueless tokens governed by Jews?  I've always wanted to combine the worst parts of bitcoin - being imaginary, valueless tokens - with the worst parts of fiat!  I really need to dump this wretched sound money, physical silver and buy some of this stuff.

[Searing]

https://www.centre.io/
There's the takeover bid. (Goldman-backed) Circle and Bitmain.

The technology behind CENTRE makes it possible to exchange value between people, businesses and financial institutions just like email between mail services and texts between SMS providers. By using price-stable crypto assets, or stablecoins, we can remove artificial economic borders and create a more inclusive global marketplace.

"More freedom" - Jihan Wu

this is a usd backed pos coin right? Centralized to beat heck I guess....also? So, I guess we are seeing where Bitmain's end game is at after it destroys ASIC mining.....

https://www.cnbc.com/2018/05/15/goldman-sachs-backed-start-up-circle-introducing-a-crypto-us-dollar.html

Bitmain, true evil never rests...