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

[rhomelmabini]

I'm only having 2 short windows/day for WO keepup on weekdays right now.

I want 4200 when I get home people, make it so.

Everyone dump! We will pomp it again after he goes to sleep angry.

I'll remain it steady on my purse and see the highest vote in the poll.

[JimboToronto]

Good morning Bitcoinland.

I see the mini-rally of the last couple of days is continuing... currently $3975USD/$5270CAD (Bitcoinaverage).

We even briefly went over $4k. How long will we battle over $4k before we finally leave it behind for good?

This sub-$4k crap is getting really tedious.

Go Bitcoin go.
_____

Warm southerly winds have brought a mid-winter heat wave to the Maya Jungle. Had to keep the fan on all night.

Once the new wiring is completed in a week or so, I'll be getting air conditioning. Slowly but surely I'm bringing modern comforts to my jungle retreat.

[becoin]

Trading volume for the last 24 hours is the highest in the last 10 months : more than 10 Billions.

Yep.
People that know what they do are buying.
People that do not know what they do are selling.
Déjà-vu. A fool and his bitcoins are soon parted.

[mindrust]

Trading volume for the last 24 hours is the highest in the last 10 months : more than 10 Billions.

Why the fuck do people still buy Ethereum? I don't understand.
,
It is proven it doesn't have any magical solution to its L1 scalability and also nobody's using its dapps neither. So why would anybody want that piece of shit?

$5b worth of eth is traded in the last 24h. What the fuck...

*at least they are not buying bcash, that's a relief.

[GHCoins45]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

[wachtwoord]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

But moving from pow to pos reduces the security and decentralization and therefore lowers the value of the tokens. The logical move would be to sell ETH if you own it.

[wachtwoord]

Lastly, Bitmain reportedly had to sell 500,000 BCH over Q3 and Q4 2018 to cover losses.[/tt]

Really? I would have imagine BCH would tank way harder with such a huge sell, there can't be that much liquidity there. Did he manage to find a sucker to buy it in an otc deal or something? :/

[wachtwoord]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

But moving from pow to pos reduces the security and decentralization and therefore lowers the value of the tokens. The logical move would be to sell ETH if you own it.

PoS is a secure method and has been proven we have all seen this, this is a shitty argument. On the flip side I see mainstream investors knows of Bitcoin and Ethereum and also seeing POS as a dividend like system and this leading to an increase in investors buying.

What? Lol no. Ethereum will get more and more centralized, if they adopt pos, and as a result lose security. Distribution is an indispensable property of bitcoin (and ethereum never had enough of it to start with).

[Toxic2040]

Good morning all.


I am sure many of you are saying now what? Well, that is a good question and I think the answer involves some sideways action. We have clearly broken out of the downwards bear channel yet are still below the blow off top downward trend line of 2017. I believe the next couple of months will be navigating around this area until inertia drives us into and over this line. #dyor and buy the dips.

1h


4h




D

#stronghands'19

[vroom]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

But moving from pow to pos reduces the security and decentralization and therefore lowers the value of the tokens. The logical move would be to sell ETH if you own it.

PoS is a secure method and has been proven we have all seen this, this is a shitty argument. On the flip side I see mainstream investors knows of Bitcoin and Ethereum and also seeing POS as a dividend like system and this leading to an increase in investors buying.

What? Lol no. Ethereum will get more and more centralized, if they adopt pos, and as a result lose security. Distribution is an indispensable property of bitcoin (and ethereum never had enough of it to start with).

POS will only increase the nodes which will in turn increase decentralization. Right now everyone just mines it or throws it on a hardware wallet.

I tried to run a ethereum node about 2 years ago and it was a nightmare. Downloading and verifying the blockchain took ages compared to bitcoin. that was 2 years ago, I don't want to know how long it will take now.

[VB1001]

Coinbase Acquires Blockchain Analytics Startup Neutrino

United States cryptocurrency exchange and wallet Coinbase has acquired blockchain intelligence startup Neutrino, according to a post published on the company’s blog on Tuesday, Feb. 19.

https://cointelegraph.com/news/coinbase-acquires-blockchain-analytics-startup-neutrino

https://blog.coinbase.com/welcoming-neutrino-to-coinbase-b3f56171850d

[becoin]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

But moving from pow to pos reduces the security and decentralization and therefore lowers the value of the tokens. The logical move would be to sell ETH if you own it.

PoS is a secure method and has been proven we have all seen this, this is a shitty argument. On the flip side I see mainstream investors knows of Bitcoin and Ethereum and also seeing POS as a dividend like system and this leading to an increase in investors buying.

What? Lol no. Ethereum will get more and more centralized, if they adopt pos, and as a result lose security. Distribution is an indispensable property of bitcoin (and ethereum never had enough of it to start with).

POS will only increase the nodes which will in turn increase decentralization. Right now everyone just mines it or throws it on a hardware wallet.

I tried to run a ethereum node about 2 years ago and it was a nightmare. Downloading and verifying the blockchain took ages compared to bitcoin. that was 2 years ago, I don't want to know how long it will take now.

Ethereum blockchain size is currently about 2TB. Nobody is running full node with few exceptions mainly institutional eth bagholders. This altcoin is already dead. Move on, nothing to see here.

[Last of the V8s]

Going to break 4k, are we?

Didn't we already do that a month or so ago?
I fail to see the wow factor in that, just normal volatility.

It's because we're showing more evidence of it reversing.

Nah, it's too early for that, we have several more months sideways to look forward to.
I'll be glad if I'm wrong, but I'm probably not.

I would say you are both right and wrong

We have bottomed and yes we have several more months of sideways.

pish tosh

I would say you are both right and wrong.

You are right about the sideways.

But there's plenty of room yet for a stab down to the dark side.

I'd even prefer it that way.

I'll bet you a litecoin?

I will take it if Hairy won't.

I will wager 1 LTC we have already seen the bottom of this bear market.  That is, it will not go lower than 3122.

Suggest period of wager is until Dec 31 2019, or we go over 7500 on Stamp in USD (or under 3122) - whichever is sooner?

Edited for clarity.

I will take the bet of 1 LTC that the bottom was $3122 on above terms or whatever else makes sense!

just catching up here and we can sort it. gimme few minutes

[kenzawak]

Binance's  DEX testnet version is out, you can try it here :

https://testnet.binance.org/

[goldkingcoiner]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

This has been said for forever, still nothing. I doubt anything will change.

[becoin]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

This has been said for forever, still nothing. I doubt anything will change.

LOL.
POW is where workers rule.
POS is where rent seekers rule.
You can never create sustainable economy where rent seekers rule!
Ethereum was created as a coin of the people that don't understand monetary theory by the people that don't understand monetary theory for the people that don't understand monetary theory!

[mindrust]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

This has been said for forever, still nothing. I doubt anything will change.

LOL.
POW is where workers rule.
POS is where rent seekers rule.
You can never create sustainable economy where rent seekers rule!
Ethereum was created as a coin of the people that don't understand monetary theory by the people that don't understand monetary theory for the people that don't understand monetary theory!

Yep.

"Arbeit macht frei."

"Work is worship."

"Work work." -Orc Peon

If the product isn't backed by work, it is worthless...

PoS is no any different than owning many real estates and renting them away.

But...

If nobody works... who'll fucking rent the houses??

Fuuuuuuuuuuuuuuuck! Stewpid vitalik.

PoS = RE bubble = ponzi

[sirsplashalot]

Probably because ETH is moving from a POW (proof of work) to a PoS (proof of stake) consensus algorithm with a minimum of 32 ETH required to stake, and a lot of people are buying it at these low prices so that they can start staking soon

This has been said for forever, still nothing. I doubt anything will change.

LOL.
POW is where workers rule.
POS is where rent seekers rule.
You can never create sustainable economy where rent seekers rule!
Ethereum was created as a coin of the people that don't understand monetary theory by the people that don't understand monetary theory for the people that don't understand monetary theory!

I have to agree, who needs another oligarchy when we have the central banking system? Plus you realize the big Ethereum stakers are all ERC20 ICO Poop Coin issuers.

[Paashaas]

Bitcoin contributes 95% of Bitpay's business.

From advocating bCash now making a U turn. The market has spoken.

https://bitcoinist.com/bitpay-bitcoin-95-business-ceo/

[Last of the V8s]

re: The bottom is in bet.
HairyMaclairy bets that it is.
Last of the V8s bets that it is not.
One litecoin.
I'd rather only bet against Hairy, but thanks for the offers @kurious, @arriemoller.
I'd want no upper limit as was suggested, as I think it could fluctuate higher than that and still come down lower.
Bitstamp low of 3122.
If Bitstamp becomes unavailable, how about preev, bitcoinaverage? some other named exchange?
I'd want a year just to keep it simple, though I do think it could happen later than that (3.7% likelihood for JJG).
Would be happy to send my litecoin to escrow if needed.
Payment in btc equivalent is acceptable. No one actually wants the shitcoin itself.
If that's agreeable...