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

[Kylapoiss]

Main shit going nuts again

Do exchanges just create fake trades of XRP or are people stupid enough to buy and hold it?

Well, most of my mates are into crypto, I guess I'm lucky with that, unfortunately most of them are into alts, where XRP being the most popular one. So I actually know people who have invested $10k+ into XRP and continue doing that, despite the explanations I try and give them about the centralisation and overall shittyness etc. But I have converted a few to get mostly into BTC. I was over 70% in alts in the beginning of the year, my notsogoodmateanymore JJG talked me out of it, made me stop playing around.

[1713559952]

1713559952

[1713559952]

1713559952

[1713559952]

1713559952

[Murat]

Holy Cow!

Noobs: XRP gonna cross BITCOIN! 

Mom: kid, shut your whore mouth!

#2018

[JayJuanGee]

Main shit going nuts again

Do exchanges just create fake trades of XRP or are people stupid enough to buy and hold it?

Well, most of my mates are into crypto, I guess I'm lucky with that, unfortunately most of them are into alts, where XRP being the most popular one. So I actually know people who have invested $10k+ into XRP and continue doing that, despite the explanations I try and give them about the centralisation and overall shittyness etc. But I have converted a few to get mostly into BTC. I was over 70% in alts in the beginning of the year, my notsogoodmateanymore JJG talked me out of it, made me stop playing around.

Ultimately, you have to take responsibility for whatever is your own personal choices in allocation based on your own circumstances, including your finances (including what you already have invested and cashflow), your view of the various assets, risk tolerance, timeline, etc.

I would think that most members who participate in this thread are a majority in bitcoin, and there are several here who are over 90% in bitcoin.  Others are going to play around with alts more, and even believe in some of the stupid ass proclamations of alts (such as they are bitcoin 2.0 or that bitcoin is defective in some kind of way). 

Probably the smartest way to involve yourself in alts is based on shorter term scenarios, but surely a decent amount of gambling and timing involved in that which might involve an attempt at garnering insider information and taking advantage of when pump and when dump.  I personally don't have a lot of tolerance for that, but I understand that others do.

[Wekkel]

The free creation of any shitcoin is the power of cryptocurrencies. No one holds a monopoly.

Embrace it (not shitcoins, but this concept of freedom).

I don't dispute that. I dispute that a crypto is seen as having any monetary or value storage just because someone clicks a button and creates a blockchain.

My best advice: don’t fight the market, whether it is stupid or not.

Leading to: one may be well advised to stock up on shitcoins during a general market rise. Multiplier profits.

[crypmike]

Today Circle and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet: USD//Coin, also known as USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable everywhere the internet reaches (subject to the token’s compliance controls), and redeem USDC tokens and cash out to bank accounts.

https://blog.circle.com/2018/09/26/introducing-usd-coin/


$USDC (USD//Coin) added to Poloniex!

[ssmc2]

Circle is a sellout

[ThePunisher49X]

Holy Cow!

Noobs: XRP gonna cross BITCOIN!  

Mom: kid, shut your whore mouth!

#2018

Doesn't help when xrp crypto twitter are saying it will be listed on coinbase with their submit your crypto asset campaign.
Just watch a lot of the these coins being listed on their real soon.

[mike4001_]

Today Circle and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet: USD//Coin, also known as USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable everywhere the internet reaches (subject to the token’s compliance controls), and redeem USDC tokens and cash out to bank accounts.

https://blog.circle.com/2018/09/26/introducing-usd-coin/


$USDC (USD//Coin) added to Poloniex!

Tether 2.0?

[crypmike]

Tether 2.0?

5.0 I guess  

True USD
Gemini Dollar
Paxos Standard

Maybe I forgot something

[pönde]

Tether 2.0?

Yea. I was thinking that. An other Tether.

How they can maintain one Tether as one dollar? And How long?

[Totscha]

Today Circle and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet: USD//Coin, also known as USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable everywhere the internet reaches (subject to the token’s compliance controls), and redeem USDC tokens and cash out to bank accounts.

https://blog.circle.com/2018/09/26/introducing-usd-coin/


$USDC (USD//Coin) added to Poloniex!

Code:

bool shitHitTheFan = false;
List<StableCoin> stableCoins = new List<StableCoin>();
while (!shitHitTheFan)
{
    stableCoins.Add(new StableCoin());

    //TODO: check if shit has indeed hit the fan, set the shitHitTheFan flag accordingly
}

[sirazimuth]

....., it's totally bogus and worthless when CMC just continues to update and list every fucking shitcoin ever made.  

CMC is a big part of the problem IMO.
I suppose as long as they get a juicy kickback, they don’t give a rats bunghole what ridiculous,
scammyass, zero volume shitcoin they list.

[Elwar]

Today Circle and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet: USD//Coin, also known as USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable everywhere the internet reaches (subject to the token’s compliance controls), and redeem USDC tokens and cash out to bank accounts.

wtf is this shit? You can use my cryptocurrency but you have to follow the compliance controls to ensure the US government can track your every move. But it's so much better because your dollars are now digital! And centralized! And not really a cryptocurrency. And not really a currency.

[Elwar]

Funny, I remember looking at CMC in January and there were ~1770 total cryptos listed including Bitcoin.

Two weeks ago, there were ~1950.

Today, there are 2003.

Fucking hilarious that shitcoins are being created daily, weekly, monthly, by the hundreds at light speed. At this rate there will be >10K shitcoins listed on CMC in 10 years.

So you can completely ignore the "BTC Dominance" metric, it's totally bogus and worthless when CMC just continues to update and list every fucking shitcoin ever made.  

In the early days when the price went up over $200 I started putting some of my coins into alts (LTC, NMC, PPC). Then I realized...I could write a program to make alt coins and just spit them out at a high rate, like 10, 100, 1000 per day. I even considered creating a simple website with a simple form (name of coin, how many, how many pre-mined, mining type, etc.) and just charge BTC for each one. It would then send you the code and executables.

This realization made me seriously reconsider investing in any more alts. When alts can be printed as fast as the Federal Reserve prints new dollars then it's a horrible investment.

[ChinkyEyes]

Today Circle and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet: USD//Coin, also known as USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable everywhere the internet reaches (subject to the token’s compliance controls), and redeem USDC tokens and cash out to bank accounts.

wtf is this shit? You can use my cryptocurrency but you have to follow the compliance controls to ensure the US government can track your every move. But it's so much better because your dollars are now digital! And centralized! And not really a cryptocurrency. And not really a currency.

They announced during consensus in May, that they would issue their own tokenized US dollar. Their own "stablecoin". It's interesting to see they actually went through with it. I wonder how many people will start using it and how it will effect bitcoin.

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

[becoin]

Today Circle and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet: USD//Coin, also known as USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable everywhere the internet reaches (subject to the token’s compliance controls), and redeem USDC tokens and cash out to bank accounts.

https://blog.circle.com/2018/09/26/introducing-usd-coin/


$USDC (USD//Coin) added to Poloniex!

Tether 2.0?

Actually SWIFT 2.0 where banks customers don't know which bank do they use and which country are their deposits insured in.

[ssmc2]

Today Circle and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet: USD//Coin, also known as USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable everywhere the internet reaches (subject to the token’s compliance controls), and redeem USDC tokens and cash out to bank accounts.

https://blog.circle.com/2018/09/26/introducing-usd-coin/


$USDC (USD//Coin) added to Poloniex!

Tether 2.0?

Actually SWIFT 2.0 where banks customers don't know which bank do they use and which country are their deposits insured in.

What could go wrong

[pönde]

Today Circle and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet: USD//Coin, also known as USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable everywhere the internet reaches (subject to the token’s compliance controls), and redeem USDC tokens and cash out to bank accounts.

wtf is this shit? You can use my cryptocurrency but you have to follow the compliance controls to ensure the US government can track your every move. But it's so much better because your dollars are now digital! And centralized! And not really a cryptocurrency. And not really a currency.

If the idea is to keep one USDC as one USD, so even the most stupid people will not start holding it. People would benefit this if it was possible to use it in international trade directly with online shops, avoiding the banks. But the problem is that then the banks would lose the money transfer business. Or else this kind of form of fiat money would have been introduced 20 years ago.

They announced during consensus in May, that they would issue their own tokenized US dollar. Their own "stablecoin". It's interesting to see they actually went through with it. I wonder how many people will start using it and how it will effect bitcoin.

The banks can use this as money transfer from one continent to another without fear of exchange rate fluctuations. If the fluctuations do not really happen. Which at some point is questionable.

But banks can do that with Bitcoin or Monero. Exchange rate fluctuations can be eliminated by making fiat-crypto-fiat exchange fast. Plus, because they are decentralized, there is no fear that someone will shut down the system. And in the case of Monero, the Transactions are private for sure. And in Bitcoin Lightning Networks, the transactions happen in few seconds.

[Wekkel]

You don’t ty a multimillion dollar business to a network you do not control. At least, not from the start. Once crypto has proven reliable, they will come. Until then, expect Ripple - MSN AOL Compuserve - type of financial intranets. In fact, expect these to continue to exist and thrive next to a vibrant open source financial layer. Banks won’t go away, but will adapt into something sleek and non-intrusive.

[d_eddie]

I've been sweating my lastest, littlest, enteredlowest hedging short.

With the small price surge, it was getting uncomfortably further away from the green. Luckily, a spout of volatility brought the price even lower than it was before. As soon as I went green, I placed a stop loss limit order that would close the position while still in the green, and a lower (better) take profit limit order that would grant me a nice bag of change when closing. The stop loss hit first, so my profit has been half of what it could be.

Now I'm left with my baseline long - not hedged if it goes lower, but ready to rock with no hedging penalty if the bull run comes early. Playing wait and see, as usual.

TL;DR These leggy redheads aren't too bad if you approach them with caution and undue respect. The other women are just so... uh, ordinary.