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

[turtletime]

I'm mostly in ethereum  so I may be fucked. I guess I don't really consider coins like eth and monero to be alts.  I know technically anything that isn't bitcoin is an alt, but when I hear altcoins I automatically think of shitcoins with no future.

[bitcoinPsycho]

I'm mostly in ethereum  so I may be fucked. I guess I don't really consider coins like eth and monero to be alts.  I know technically anything that isn't bitcoin is an alt, but when I hear altcoins I automatically think of shitcoins with no future.

d'oh!

[Torque]

Do you guys still consider ethereum an altcoin?

Ethereum is a coin that has no real world purpose, a supposed solution looking for "future use cases and problems" that don't exist.

Apparently it's current and only reason to exist is to allow the creation and trading of other ICO shitcoins, which in turn also have no real reason to exist.

You can debate with me on that if you want. Let's go down the existential rabbit hole together. You'll find that it's turtles all the way down.

[goldkingcoiner]

Do you guys still consider ethereum an altcoin?

Ethereum is a coin that has no real world purpose, a supposed solution looking for "future use cases and problems" that don't exist.

Apparently it's current and only reason to exist is to allow the creation and trading of other ICO shitcoins, which in turn also have no real reason to exist.

You can debate with me on that if you want. Let's go down the existential rabbit hole together. You'll find that it's turtles all the way down.

I somewhat agree, but I still it is still useful, when looked at from an altcoin perspective. Not sure why its diving so hard though. It might have just been the popularity of it being a huge new idea for altcoins but seems like its failing now...

[jojo69]

anybody heard of XYO?

yes, yes, I'm sure it is a pile of shit, but why?  I got a friend I want to save.

1. ICO
2. Charlie Shrem
3. https://www.reddit.com/r/Buttcoin/comments/8d9yb1/xyo_network/
4. https://bitcointalk.org/index.php?topic=4113808.0
5. https://www.youtube.com/watch?v=5_Hy9SczwSg
6. limp-wristed talk in whitepaper - experiment, might, could, not every consumer, niche
7. a security - jail for founders incoming
8. no use case for token
9. no usp - there is competition with big backers (not telling which lol)
10. the market right now
11. ETH based
12. is not bitcoin

thanks V8

perfect

[yefi]

Absolutely cause anybody that sell his or her holding in other not to loose because of the dump in price of the market such person person is already loosing. How ever, this remind of Papa Laszlo the man who bought 2 pizza with 10,000 bitcoin back in the year 2010 and I knew he will surely regret doing that now. Guys don't sell your bitcoin now if it not for an important or urgent situation so you won't regret it.

I used to think for sure that such an early proponent of Bitcoin would not have sold all his coins, but turns out he did for peanuts. If he'd have just withheld 10% and applied a laddered exit strategy, he could still be enjoying the ride.

[Torque]

I somewhat agree, but I still it is still useful, when looked at from an altcoin perspective.

See, you can't just stop at the top of the rabbit hole and look down it like all the others. You actually have to back that opinion with proof or reasoning. Otherwise it isn't.

[ivomm]

Geez, Coinbase pump bart style  

[Raja_MBZ]

$250 move-up in 3 minutes.

[lightfoot]

Pump baby, Pump!

[podyx]

Shorters, are you ok?

[El duderino_]

Mmm Nocoiner wedding and a small pump thx for the effort btc ...... 

[Derpinheimer2]

Do you guys still consider ethereum an altcoin?

Ethereum is a coin that has no real world purpose, a supposed solution looking for "future use cases and problems" that don't exist.

Apparently it's current and only reason to exist is to allow the creation and trading of other ICO shitcoins, which in turn also have no real reason to exist.

You can debate with me on that if you want. Let's go down the existential rabbit hole together. You'll find that it's turtles all the way down.

Its got an on-chain scaling plan. It can do everything Bitcoin can, and then a lot more.

[LFC_Bitcoin]

Mmm Nocoiner wedding and a small pump thx for the effort btc ...... 

[rokkyroad]

Do you guys still consider ethereum an altcoin?

Ethereum is a coin that has no real world purpose, a supposed solution looking for "future use cases and problems" that don't exist.

Apparently it's current and only reason to exist is to allow the creation and trading of other ICO shitcoins, which in turn also have no real reason to exist.

You can debate with me on that if you want. Let's go down the existential rabbit hole together. You'll find that it's turtles all the way down.

It has done that. A horde of shitcoin ICOs. Just when I thought shitcoins were dying off the king of shitcoins came along and enabled even more shitcoins. It rained freaking shitcoins!

[Ibian]

Do you guys still consider ethereum an altcoin?

Ethereum is a coin that has no real world purpose, a supposed solution looking for "future use cases and problems" that don't exist.

Apparently it's current and only reason to exist is to allow the creation and trading of other ICO shitcoins, which in turn also have no real reason to exist.

You can debate with me on that if you want. Let's go down the existential rabbit hole together. You'll find that it's turtles all the way down.

What are the technical specs of eth anyway?

[Torque]

[wrt ETH] Its got an on-chain scaling plan. It can do everything Bitcoin can, and then a lot more.

But if it's "doing everything that Bitcoin can" then it doesn't have a reason to exist, because Bitcoin is already fulfilling that role just fine and will continue to do so.

... and then a lot more.

Top of rabbit hole generalization. Try again... but with proof, facts, or reasoning this time.  

[Derpinheimer2]

[wrt ETH] Its got an on-chain scaling plan. It can do everything Bitcoin can, and then a lot more.

But if it's "doing everything that Bitcoin can" then it doesn't have a reason to exist, because Bitcoin is already fulfilling that role just fine and will continue to do so.

... and then a lot more.

Top of rabbit hole generalization. Try again... but with proof, facts, or reasoning this time.  

If you claim there is no reason for ETH to exist, and ETH does everything Bitcoin can and then more... sorry, how are you this dumb? On chain scaling will never happen for Bitcoin. There is no plan for it. LN is flawed, but obviously useful.

[Last of the V8s]

...
Shitcoins have no fiat pairing. So if Bitcoin bleeds they bleed by default. ...

Bittrex has just this for now, but more are coming...
USD-BTC    
USD-USDT    
USD-ETH    
USD-TUSD

[LoyceV]

$250 move-up in 3 minutes.

I often notice the following pattern in the Bitcoin price: it's quite stable for hours to days, moving sideways, then suddenly it drops or shoots up in a more or less straight line. After that, it continues moving sideways.
How can that be? I can only think its being manipulated by some whale(s) keepingt he price stable until they need change. If there's a different explanation, I'd like to hear it.