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

[JayJuanGee]

Dont worry  

Coinmarketcap BTC Dominance: 54.0%

https://coinmarketcap.com/

https://coinmarketbook.cc/
Market cap is a lie.
Buy support tells the true story.
Buy support rating separates investments from gambles.

not true, but better than marketcap
discussion: https://twitter.com/MrHodl/status/1069575026792382465

You're right, but the only thing that matters to me about coinmarkecap is % BTC Dominance.
The other nothing.

Why should you give a shit?  BTC Dominance is one indicator, and it is a manipulated indicator, so even if it has some abilities to tell certain aspects of a story, we are likely to run into considerable logical error if we put too much weight into one indicator that is quite clearly manipulated and we know such indicator to be manipulated.

[Last of the V8s]

https://www.forbes.com/sites/jeffkauflin/2018/12/05/cryptopia-in-crisis-billionaire-joe-lubins-ethereum-experiment-is-a-mess-how-long-will-he-prop-it-up/
https://www.theblockcrypto.com/2018/12/04/ethereum-co-founder-joe-lubin-sounds-the-alarm-and-refocuses-consensys-in-expansive-employee-letter/
someone call a priest

[El duderino_]

I could dump some 20~50m into the development of a game

WTF boy... Your father is much much poorer than you!

You have a strange father-Son-father of all feeling going on
Where is that coming from ?

[gembitz]

Wow $3700 what is this bullshit.

you new here? ~if $2500 holds i might put in $100 and spin the wheel again? weeee

[ivomm]

@fintechfrank https://twitter.com/fintechfrank/status/1070405218230259712

SEC Commissioner Hester Peirce on crypto ETF: "Don't hold your breath"

It could come tomorrow or in 20 years, she said.

"I do caution people to not live or die on when a crypto or bitcoin ETF gets approved."

"You all know that I am working on trying to convince my colleagues to have a bit more of an open mind when it comes to [crypto]."

"I am not as charming as some other people," she added.

Institutionalization will happen, she concluded.

Advice for crypto firms: "get good regulatory advice.. there are a lot of landmines...[and] we live in a society that has a lot of old securities laws...You could have the best intensions [sic]in the world and you could trip on something that you didn't mean to trip on."

Peirce said this during a fireside chat at a cryptocurrency conference in Washington D.C.

I think my peepee just shrank a little.

[HairyMaclairy]

Cup overfloweth, despite extensive guttering renovation on underside and mixed metaphors

[samson]

https://www.forbes.com/sites/jeffkauflin/2018/12/05/cryptopia-in-crisis-billionaire-joe-lubins-ethereum-experiment-is-a-mess-how-long-will-he-prop-it-up/
https://www.theblockcrypto.com/2018/12/04/ethereum-co-founder-joe-lubin-sounds-the-alarm-and-refocuses-consensys-in-expansive-employee-letter/
someone call a priest

For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...

[jojo69]

https://www.forbes.com/sites/jeffkauflin/2018/12/05/cryptopia-in-crisis-billionaire-joe-lubins-ethereum-experiment-is-a-mess-how-long-will-he-prop-it-up/
https://www.theblockcrypto.com/2018/12/04/ethereum-co-founder-joe-lubin-sounds-the-alarm-and-refocuses-consensys-in-expansive-employee-letter/
someone call a priest

"web 3.0"

[HairyMaclairy]

https://www.forbes.com/sites/jeffkauflin/2018/12/05/cryptopia-in-crisis-billionaire-joe-lubins-ethereum-experiment-is-a-mess-how-long-will-he-prop-it-up/
https://www.theblockcrypto.com/2018/12/04/ethereum-co-founder-joe-lubin-sounds-the-alarm-and-refocuses-consensys-in-expansive-employee-letter/
someone call a priest

No capitulation until Consensys broken up and coffee cart sold for parts

[Torque]

https://www.forbes.com/sites/jeffkauflin/2018/12/05/cryptopia-in-crisis-billionaire-joe-lubins-ethereum-experiment-is-a-mess-how-long-will-he-prop-it-up/
https://www.theblockcrypto.com/2018/12/04/ethereum-co-founder-joe-lubin-sounds-the-alarm-and-refocuses-consensys-in-expansive-employee-letter/
someone call a priest

For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...

You know a scamcoin like ETH is in trouble when:

a) after years of development, still the use case and business case can't be found by anyone, including Vitalik
b) zero adoption for said use case, because solution still looking for a problem that doesn't exist, and
c) something is already coming along deemed as "better than" ETH (which is a joke in and of itself)

   

[JayJuanGee]

maths fail^ nosey fail^

What do you believe the math to be if you assert that you would have an extra $20 to $50 million to spend on projects (without batting an eye), if BTC price were to go to $100k?

I said 600BTC because that gives a bit of a cushion.

If a guy or gal only had 500 BTC, then s/he would only have $50 million in the event that BTC prices were to reach $100k... That would leave absolutely no cushion to feel comfortable doling out $50million on any kind of project.

You have better approximation numbers than me?  fucktwat?

[Last of the V8s]

You people are so mean.

https://www.forbes.com/sites/jeffkauflin/2018/12/05/cryptopia-in-crisis-billionaire-joe-lubins-ethereum-experiment-is-a-mess-how-long-will-he-prop-it-up/
https://www.theblockcrypto.com/2018/12/04/ethereum-co-founder-joe-lubin-sounds-the-alarm-and-refocuses-consensys-in-expansive-employee-letter/
someone call a priest

For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...

Sssssssssh, don't tell 'em about ravencoin, (Pike).
No it has caught the imagination of some fairly bitcoiny people because of fair launch and mining algo (possibly some other thing positive i can't recall), but I bet 'maximalists' are saying 'we can just add tokens if they're really needed'.

[JayJuanGee]

I can already live off of my crypto earnings comfortably. The type of profits I suggested would be in a range where I could dump some 20~50m into the development of a game without even flinching about potentially never making it back.

That's a lot of BTC you're holding.

That is what I was thinking too...

Seems a bit more than the average WO participant, or even the elite end of the WO participants...

I am thinking that seems to be in the 600BTC plus arena to be able to consider that $20 to $50 million would be a drop in the bucket, in the event that BTC went to the $100k arena.

I wouldn't consider throwing 20-50m in a non-profitable hobby unless I have at least 10 times the amount so.... maybe a couple thousands of BTC (@$100K) to be comfortable with that "frivolous" spending.

Of course that would be amongst the most prudent of approaches, but of course levels of prudence is going to vary, and I think that was the reason that I gave a ballpark figure of 600BTC, because in the 600BTC scenario, there still is a $10million cushion, but we know how BTC acts, sometimes, so I understand that a $10million cushion could turn into a $1million cushion, which could become a bit stressfull for normal peeps.. so of course having a bit more cushion would be preferable to lessen both possible psychological issues and fiscal issues.

[Globb0]

You can buy a THC type syrup

Is that a get you high thing? is it cheaper or more expensive than green ?

[gentlemand]

Eh I think Eth has a use and will pull out on second.

I think it's guaranteed to be superseded. It's a prototype and will remain so. Someone will come up with something that does everything it claims to do and much more and it'll simply... work.

There won't be weird languages to learn, holes in the contracts, nodes that are major undertaking to sync and a chain that keeps bloating.

It's not here yet, but it will be. However it's going to require multiple actual uses for the idea of 'blockchain' for something with improved functionality to get traction and expose ETH as wheezing poo.

At the same time I don't think it's going to stop the zombies trading ETH for a long arse time yet. No one is yet to care about actual uses for things like this. If Ripple can be older than BTC and still have achieved precisely fuck all and still be worth what it is, we have a long way to go before sense reigns.

[empowering]

Cruel games...

A tease...

Don't tease the doooooooooooooooooooom

[jojo69]

easy now

save something for Thursday

[HairyMaclairy]

I don’t know about you but it’s defintely Thursday here. 

[JayJuanGee]

@fintechfrank https://twitter.com/fintechfrank/status/1070405218230259712

SEC Commissioner Hester Peirce on crypto ETF: "Don't hold your breath"

It could come tomorrow or in 20 years, she said.

"I do caution people to not live or die on when a crypto or bitcoin ETF gets approved."

"You all know that I am working on trying to convince my colleagues to have a bit more of an open mind when it comes to [crypto]."

"I am not as charming as some other people," she added.

Institutionalization will happen, she concluded.

Advice for crypto firms: "get good regulatory advice.. there are a lot of landmines...[and] we live in a society that has a lot of old securities laws...You could have the best intensions [sic]in the world and you could trip on something that you didn't mean to trip on."

Peirce said this during a fireside chat at a cryptocurrency conference in Washington D.C.

I think my peepee just shrank a little.

There seems to be a decent point in all of this, which is who gives a shit about an ETF?

Of course, an ETF is going to bring greater financialization to BTC and likely overall be bullish on bitcoin's short term future and likely long term future, too... but it is no where near to necessary for bitcoin to remain a very good investment with strong fundamentals.

[HairyMaclairy]

My international wire with Bitstamp cleared in 2.5 business days.

5 stars would deposit again.