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

[LFC_Bitcoin]

I wonder if days like this drive r0ach to drink.

Actual r0ach footage

[BTCMILLIONAIRE]

I wonder if days like this drive r0ach to drink.

https://www.youtube.com/watch?v=SZoiJM1vlfc

[JayJuanGee]

Bloomberg Crypto debate

https://twitter.com/crypto/status/1074694186060922880

Did you have any comment on this, ChinkyEyes?  Presumably, you watched it before posting the link?  Just the title is questionable "crypto", but I did not watch it, yet to see whether there is any content worth 26 minutes of my attention.  Can you give some sense of it besides merely saying that it is "on Bloomberg"?

[serveria.com]

I wonder if days like this drive r0ach to drink.

I'm more concerned about Gembitz guy. He went missing after the price went up. Most probably he killed himself as he finally realized he won't be able to rebuy at 1500  

[gentlemand]

I'm more concerned about Gembitz guy. He went missing after the price went up. Most probably he killed himself as he finally realized he won't be able to rebuy at 1500  

That creep only descends on coins that are having a bad time. It skips from thread to thread spewing worthless diarrhea about something it knows nothing about and then disappears again when it gets boring or goes up.

[bitserve]

I wonder if days like this drive r0ach to drink.

I'm more concerned about Gembitz guy. He went missing after the price went up. Most probably he killed himself as he finally realized he won't be able to rebuy at 1500  

He always does. If you check his post history you will notice he was weeeeing the bitcoin pump until around $1000. Then he vanished and moved to the altcoins section. Recently, when he though Bitcoin could go as low as his exit price he came back and started weeeeing the dump. Maybe he has lost any hope already.

[LFC_Bitcoin]

I'm more concerned about Gembitz guy. He went missing after the price went up. Most probably he killed himself as he finally realized he won't be able to rebuy at 1500  

Weeeeeee

[Torque]

People keep throwing this word "adoption" around like it actually means what they think it means.

Bitcoin has been around for nearly a decade now, and the only "adoption" happening with Average Joes is buying low and selling high, hoping to make a profit in fiat. As an investment, period. There's barely any actual e-commerce going on with Bitcoin, not of any magnitude or volume that you could call it real "adoption" with a straight face. Hell, there's barely any major merchant integration at all, and that is after almost a decade. And the actual economics overhead/AML/KYC of crypto actually de-incentivise people to use it for e-commerce.

So if it isn't happening with Bitcoin, then is sure as hell isn't going to be happening with any of the thousands of shitcoins that are out there either.

[JayJuanGee]

3500 didn't hold for too long - rally continues to 3600? Wee!

Protip: Using anything other than Bitstamp price is not going to win you any merits

I'm not here to "win merits" dude 

Are you here to provide meaningful information in order that other wall observer thread participants would be able to relate to what you are posting without being mislead?   

[El duderino_]

I wonder if days like this drive r0ach to drink.

Actual r0ach footage

Don’t you make of r0ach a drinker skilled Guy.... he’s probably as bad in drinking as he is @coining

[El duderino_]

I must say walking around @liverpool..... people know how to drink down there

[JayJuanGee]

In Bitcoin we do not have a massive adoption, it is progressing correctly, but it will take a few years, institutional investors are close, we need to optimize and make the process simpler for everyday users.

If we compare it with a Smartphone it was invented in 1992, the first good Smartphone came on the market in 2005, with a number of users of 2%, 7 years later 54%, 11 years later 81%, today no one doubts that a Smartphone be a very useful gadget, Bitcoin will not take so long.

I think that your ideas are good in this post; however, it seems a bit problematic when you are describing matters in terms of "we need" blah blah blah...

Starts to sound like some kind of shilling piece that suggests that bitcoin has various deficiencies, when it does not.

Even though you chose some awkward language to express your ideas, you seem to recognize that development takes time, and perhaps there is a bit more of an organic process that is taking place in bitcoin.  Surely, bitcoin is in very early stages, and there are all kinds of developments and adoptions that are taking place and being experimented upon, so in that regard, many of us can appreciate that "rome was not built in a day."   

[tmfp]

An interesting read about actual exchange volumes.
I haven't fully checked out the Blockchain Transparency Institute, but superficially they appear to be legit:

with over 50 exchanges wash trading over 95% of their volumes

Many of these exchanges exist solely to collect these [listing] fees while their bots run their exchanges.

Based on this data over 80% of the CMC top 25 BTC pairs volume is wash traded.

https://www.blockchaintransparency.org/

[marcus_of_augustus]

Correct. Luckily though 'most' of the world's population doesn't have any money, relatively speaking. ...

you, sir, have an odd definition of "luck"

Luckily (for bitcoin's adoption prospects) ... is the implicit definition from the context of the commentary.

[El duderino_]

People keep throwing this word "adoption" around like it actually means what they think it means.

Bitcoin has been around for nearly a decade now, and the only "adoption" happening with Average Joes is buying low and selling high, hoping to make a profit in fiat. As an investment, period. There's barely any actual e-commerce going on with Bitcoin, not of any magnitude or volume that you could call it real "adoption" with a straight face. Hell, there's barely any major merchant integration at all, and that is after almost a decade. And the actual economics overhead/AML/KYC of crypto actually de-incentivise people to use it for e-commerce.

So if it isn't happening with Bitcoin, then is sure as hell isn't going to be happening with any of the thousands of shitcoins that are out there either.

But with 10 years around and still being very succesfull.... it Will happen and when it happen many Will follow the trend

Gogog BTCBTC

[JayJuanGee]

Blockstream satellites now supports Lightning payments and expanding to Asia-Pacific area.  

https://www.coindesk.com/blockstream-boosts-bitcoin-satellite-service-with-lightning-payments

https://www.forbes.com/sites/michaeldelcastillo/2018/12/17/who-needs-verizon-blockstream-broadcasts-entire-bitcoin-blockchain-from-space/?ss=crypto-blockchain&utm_source=TWITTER&utm_medium=social&utm_content=2016400873&utm_campaign=sprinklrForbesCrypto#55236a295a80

The nerd in me just creamed his pants.

They know how to build infrastructure.

At first I was wondering who those were in the picture, but I see that the picture is a modified version from the article (after clicking on it).   Adam Back and Samson Mow, respectively.

[Biodom]

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.

sorry, that was alevlaslo's T/A, I just commented on it.

[Wekkel]

Some 'quick mafs' but caluation theory seems to be progessing: https://twitter.com/woonomic/status/1074615000587587589?s=19

The Bitcoin Story continues to be developped further and further.

Dont miss the weekly update: https://twitter.com/nlw/status/1074402477049552897?s=19

[ChinkyEyes]

Bloomberg Crypto debate

https://twitter.com/crypto/status/1074694186060922880

Did you have any comment on this, ChinkyEyes?  Presumably, you watched it before posting the link?  Just the title is questionable "crypto", but I did not watch it, yet to see whether there is any content worth 26 minutes of my attention.  Can you give some sense of it besides merely saying that it is "on Bloomberg"?

Not really worth watching unfortunately. I watch the mainstream media because I am curious what they are feeding the average joe. What I take away from the debate if you can even call it, is that the average joe will probably be confused and stay away from crypto until the next bull run starts.

[jbreher]

it goes in waves^

Yeah - we theorized that back in 2011 or so, confirmed it by 2013. And? What? It now has a new fifty-cent name?