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

[Ludwig Von]

Hey, don't knock shitcoins. Tribalism aside, Bitcoin would be nowhere without them. Precisely no---where. Anyone who's ever followed correlations between dominance and BTC price will have seen that by now.

For that reason, I promote shitcoins to bitcoiners and bitcoin to shitcoiners. They don't like it but they need to swallow it

Bitcorn dictates the price. Shitcoins are just Bitcoin money flowing into shitcoins and then back. Alts would be nowhere without Bitcoin, which doesn't mean that they won't serve a multitude of roles in the future. Without alts Bitcoin would simply become the denominator for stocks, bonds, and whatnot.

And that is why shitcoins are only parasitic inflation on bitcoin. And all the hassle caused by their promotors only has dammaged the value of BTC as an asset, or store of value outside of the mainstream system. So now, here we are, bruised and bottoming every day, week lower, until  we will be a note in history. I see more value in the physical bottom in my house than ever now... .  

[Dig Bicks]

By the way, we're having a terrific NY party, and we offer nice welcome perks: open bar for ATH's!
Just in case you're considering...

He is definitely not coming. Couldn't make it. He has sent us some Xmas gifts though:

I want this under my tree Santa!

 

[byebyehi]

By the way, we're having a terrific NY party, and we offer nice welcome perks: open bar for ATH's!
Just in case you're considering...

He is definitely not coming. Couldn't make it. He has sent us some Xmas gifts though:

Is the bottom in? No we can go deeper

[toknormal]

And that is why shitcoins are only parasitic inflation on bitcoin. And all the hassle caused by their promotors only has dammaged the value of BTC as an asset, or store of value outside of the mainstream system. So now, here we are, bruised and bottoming every day, week lower, until  we will be a note in history. I see more value in the physical bottom in my house than ever now... .  

Sounds like the man in the traffic jam complaining about the traffic.

[byebyehi]

Looks like a lot of monero shitcoin shillers are in this thread as well. Guess they are too blind to see that shitcoin is dying a slow painful death, very low trading volume and it is already inflated by wash trading.  Barely anyone even cares about the privacy features either.  STICK WITH BITCOIN FUCK THE SHITCOINS

[Biodom]

as long as it was inspired by anna kendrick above the chart...

Why would we take off vertically from here?
In any case, there should be some selling anywhere between 15-20K.

[Biodom]

Say, you guys KNOW some good looking and open minded chicks, I gather.
I am a bit jealous.

[toknormal]

Looks like a lot of monero shitcoin shillers are in this thread as well. Guess they are too blind to see that shitcoin is dying a slow painful death, very low trading volume and it is already inflated by wash trading.  Barely anyone even cares about the privacy features either.  STICK WITH BITCOIN FUCK THE SHITCOINS

That is a very short sighted philosophy.

You should see them as complimentary. If crypto was an undiversified market with a bitcoin as a monopoly it'd be as dead as a doornail. There'd be no hedges, no sector-specialised entry points, a million "Nouriel Roubinis" waving goulish scare scenarious at you that could never be field tested and no subsidiary industry to "buffer" the capital transiting in and out of the  asset. Why is BTC not sitting at $500 right now ? Because it's being buttressed by Altcoin capital.

Altcoins probably attract far more value into bitcoin that what they take away. In fact many maximalists openly state that alts are "just a way to earn bitcoin" - hey ! they might be finally getting it.

P.S. Regarding Biodom's T/A above, I am of the "springback" view as well. Have been for a while due to the sharp correction we took shortly after the 20k peak. Given that there'd been a year of bubble building ( as opposed to 3 weeks like in 2013/14) I thought we over corrected. Add to that the Craig Wright "dumps" distorting everything, I wouldn't be surprised to see the "springback" scenario occuring.

[Ludwig Von]

And that is why shitcoins are only parasitic inflation on bitcoin. And all the hassle caused by their promotors only has dammaged the value of BTC as an asset, or store of value outside of the mainstream system. So now, here we are, bruised and bottoming every day, week lower, until  we will be a note in history. I see more value in the physical bottom in my house than ever now... .  

Sounds like the man in the traffic jam complaining about the traffic.

Not a good comparison, but I give you the freedom of thinking so... .
Does not unground my proposition : the whole alt- fork- shitcoin circus is the ill, virus or any other name you want to give it. And that and exactly that makes the Dimons, or demons and Blanksteins laugh now.

[jojo69]

hahahaha

when you have buying the DIP all year

https://twitter.com/cryptochrisw/status/1074135563651989504

LoL

dude's getting la chancla, and deserves it

[toknormal]

Not a good comparison, but I give you the freedom of thinking so... .
Does not unground my proposition : the whole alt- fork- shitcoin circus is the ill, virus or any other name you want to give it. And that and exactly that makes the Dimons, or demons and Blanksteins laugh now.

Bitcoin is an electronic commodity, not a political party. If it was the latter it would be even less investable. Be thankful for what you've got. (And be thankful to Altcoins for making bitcoin great because, contrary to your logic, it would be nowhere without them )

[HairyMaclairy]

Bitcoin is an electronic commodity, not a political party. If it was the latter it would be even less investable. Be thankful for what you've got. (And be thankful to Altcoins for making bitcoin great because, contrary to your logic, it would be nowhere without them )

Get a grip. Bitcoin got to 2015 just fine without alts.  Since then, isn’t a single alt that has achieved anything other than breed scams.  

Almost all of those projects will be abandoned by the next bull run, if the SEC doesn’t get them first.

[bitserve]

MY MISTAKES (Continuation)

Another thing I did wrong during the bull trend was being LAZY.

When you see your net worth quickly increasing thousands of dollars in a much shorter timeframe than you are used to (ie: Weekly, daily, hourly....) just "Watching the Walls" or doing some trades here and there, it is easy to procrastinate on other stuff you deem comparatively less important at that moment. I am not talking about personal life here, but crypto wise.

There was lots of money to be made with the multiple forks, airdrops, etc yet I didn't take enough advantage of them.

Many seemed to "not be worth the effort" but that was only comparatively at that time. Also some required some research, creating accounts on some other exchanges, ... In other words: WORK.

And why would you want to work for "pennies" when you are already earning thousands just for watching your bitcoins grow in price (coz, you know, you need to look after them all the time, right?)?!

WRONG!

We prepare during years of bear market, accumulating, trading and more importantly WAITING for the moment that rally comes and every part of the puzzle fall in place and  all the opportunities are handed to us. And we need to take them. All of them.

I left on the table, and still have, most of Bitcoin Gold, and *ALL* of the other less valuable forks (Bitcoin Diamond, SBTC, ). Also many of the airdrops like Bitcore.

With some I fooled myself thinking "Well, there's no hurry, I will be able to cash it out later and maybe at a better price too"... But that was not true, I was just being lazy.

Had I not been and really think it may be better to wait, I would have anyways cashed/traded 50% then and hodl the other 50% for a better moment. But no, I did absolutely nothing. Out of pure laziness.

The advice here is: Don't be lazy, try to participate in airdrops, extract all the damn forks asap and get them ready, ... ACT.

Additional advice come from another mistake I made: Not having ready all the exchanges I would later need.

So, during the bear market, employ your time opening accounts in as many exchanges as you can, verify as needed, learn their UI, etc... During a bull market things happen very fast, and chances are that you won't be able to use that exchange you need to trade some fork/altcoin or use for fiat withdrawal if you have not done your homework well in advance.

This last advice is particularly important in regards to withdrawals. It is preferable to have established some previous history with the exchange, make some deposit/s to join the bank account, etc. And it is also better to have a few different ones too when the moment comes to pull the trigger. As many as you can. Minimise third party risk, split the withdrawals over them, don't do it all at once, etc....


^This is something I am doing right now. It will be a long process. You should do it too if you haven't already. Don't procrastinate. ^

(Will continue)

[itod]

Just have to say 1 thing:

1BTC=3200$, and i think its damn cheap !!!!!!!!!!

[JayJuanGee]

One special thing about UNO is that the daily volume is around $6000.... There are very few shitcoins that haven't been unlisted with such low volume. It's definitely a rarity.

https://coinmarketcap.com/currencies/unobtanium/

Trading volume isn't the basis of this particular asset's value.

What is crypto ? A synthesised monetary asset. Like amoxycillin is a synthesised antobiotic that means that you don't need to eat a tone of garlic every day but can still benefit from certain of its properties. They therefore need a solid archetype behind them to survive.

UNO is the fine-art market of crypto. It seems to have found the "sweet spot" between sufficient scarcity to be attractive and sufficient liquidity to be actively traded.

I saw people talking about this the other day, sure it is just the 'flavor of the month'?

UNO was launched in 2014. There are no other "scarecity" assets in the crypto field that go back that far which have performed as well. This is against bitcoin by the way, not USD.

You have pumped that shit before in this thread, asshole.

You should be ashamed of yourself.  

[edited out]

GTFOOH with your shitcoin.

Again.. infofront beat me to it.

Hey, don't knock shitcoins. Tribalism aside, Bitcoin would be nowhere without them. Precisely no---where. Anyone who's ever followed correlations between dominance and BTC price will have seen that by now.

For that reason, I promote shitcoins to bitcoiners and bitcoin to shitcoiners. They don't like it but they need to swallow it

You are full of shit, tokonormal, and surely, there is a bit of reductio ad absurdum going on with your attempted lame points or maybe we would categorize it better as misplaced concreteness?   

[Spaceman_Spiff_Original]

MY MISTAKES (Continuation)

Another thing I did wrong during the bull trend was being LAZY.

When you see your net worth quickly increasing thousands of dollars in a much shorter timeframe than you are used to (ie: Weekly, daily, hourly....) just "Watching the Walls" or doing some trades here and there, it is easy to procrastinate on other stuff you deem comparatively less important at that moment. I am not talking about personal life here, but crypto wise.

There was lots of money to be made with the multiple forks, airdrops, etc yet I didn't take enough advantage of them.

Many seemed to "not be worth the effort" but that was only comparatively at that time. Also some required some research, creating accounts on some other exchanges, ... In other words: WORK.

And why would you want to work for "pennies" when you are already earning thousands just for watching your bitcoins grow in price (coz, you know, you need to look after them all the time, right?)?!

WRONG!

We prepare during years of bear market, accumulating, trading and more importantly WAITING for the moment that rally comes and every part of the puzzle fall in place and  all the opportunities are handed to us. And we need to take them. All of them.

I left on the table, and still have, most of Bitcoin Gold, and *ALL* of the other less valuable forks (Bitcoin Diamond, SBTC, ). Also many of the airdrops like Bitcore.

With some I fooled myself thinking "Well, there's no hurry, I will be able to cash it out later and maybe at a better price too"... But that was not true, I was just being lazy.

Had I not been and really think it may be better to wait, I would have anyways cashed/traded 50% then and hodl the other 50% for a better moment. But no, I did absolutely nothing. Out of pure laziness.

The advice here is: Don't be lazy, try to participate in airdrops, extract all the damn forks asap and get them ready, ... ACT.

Additional advice come from another mistake I made: Not having ready all the exchanges I would later need.

So, during the bear market, employ your time opening accounts in as many exchanges as you can, verify as needed, learn their UI, etc... During a bull market things happen very fast, and chances are that you won't be able to use that exchange you need to trade some fork/altcoin or use for fiat withdrawal if you have not done your homework well in advance.

^This is something I am doing right now. It will be a long process. You should do it too if you haven't already. Don't procrastinate. ^

This one certainly rings true for me.

[Majormax]

....So, during the bear market, employ your time opening accounts in as many exchanges as you can, verify as needed, learn their UI, etc... During a bull market things happen very fast, and chances are that you won't be able to use that exchange you need to trade some fork/altcoin or use for fiat withdrawal if you have not done your homework well in advance.....

This is great advice.

The bear market will be long and tough to endure, and this is just the sort of work that will be making progress, instead of anxiously watching falling or stagnant prices.

Verification can often be a long process. It is also useful to be familiar with the rules of the exchanges and businesses you deal with.

[Bitcoinnation]

One year ago today, BTCitcoin Hit and an all-time high  
- It was ecstatic
- it was orgasmic
It was just unbelievable, It was as thou I was high on crack, It seemed like a big daydream!
But... there it was, for a moment at $20K

Today it's a different story. Let me keep watching the candles.  

[JayJuanGee]

I never touch alts because I don’t believe in them. And I can make bad decisions if I don’t believe in what I am trading.

I’ve got a stash of XRP, nowhere near as much as my bitcoin HODLINGS but would be nice to see it moon in the future.

I don't see any considerable ecosystem benefits of various shitcoins pumpening, even if my personal holdings might go up because of such pumpenings.

I understand that it is likely inevitable that several shitcoins are going to pump in the coming years, and that is why we cannot have nice things, and at minimum it will take 20 years for a decent portion of the population to recognize the differentiating value in bitcoin, and more realistically it will take longer than 20 years, perhaps approaching 50 years (I will either be dead or close to dead by then, so if I am posting in this thread, then there is some kind of AI going on or my account has been hacked).   

There won't be any AI or hacking, son! May Almighty bless you with a few hundred years of life!

Lots of peeps do not want to think about death, but so far everyone that has ever lived has died in about less than 80 years - frequently quite lower than that, and a few lucky ones might still have some energy and wits in the extreme cases of 100-ish.

[bitserve]

....So, during the bear market, employ your time opening accounts in as many exchanges as you can, verify as needed, learn their UI, etc... During a bull market things happen very fast, and chances are that you won't be able to use that exchange you need to trade some fork/altcoin or use for fiat withdrawal if you have not done your homework well in advance.....

This is great advice.

The bear market will be long and tough to endure, and this is just the sort of work that will be making progress, instead of anxiously watching falling or stagnant prices.

Verification can often be a long process. It is also useful to be familiar with the rules of the exchanges and businesses you deal with.

Yup, and during a bull run is way longer if they are not simply collapsed. Also, for withdrawals, it is also useful THEY know you. And the best for that is having made some deposit to them in the past (and what better moment to do that than in a bear market?).

Exchanges do not like people coming out of nowhere and pretending to withdraw huge amounts of money.