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

[Paashaas]

[Last of the V8s]

every shitcoin on the planet up ~10% - thanks CZ
except BCH, which has fork problems agin - congrats RVer
https://twitter.com/BitMEXResearch/status/1128670677442203652

[Hueristic]

Crypto Prime Dealer SFOX Partners With New York Bank to Offer New FDIC Protection

Institutional cryptocurrency prime dealer SFOX has partnered with a New York bank to offer state-insured bank accounts for traders,
the company confirmed in a blog post on May 14.
SFOX, which says the move is an industry first, stated the deal with M.Y. Safra Bank primarily targeted institutional investors and funds.

https://cointelegraph.com/news/crypto-prime-dealer-sfox-partners-with-new-york-bank-to-offer-new-fdic-protection

https://blog.sfox.com/sfox-partners-with-m-y-safra-bank-to-offer-segregated-fdic-insured-bank-accounts-7fa610cd8b5c

Ummm, NO.

1.3. Permitted Use. You agree and acknowledge that your use of the SFOX Site or the Services will not involve the use of any retirement funds, including any personal or indirect IRA investments and that you will not use the SFOX Site or the Services in connection with any unlawful or otherwise undesirable activity (as determined by SFOX in its absolute and sole discretion), including, but not limited to dealing in counterfeit goods, gambling, money laundering, or drug activity. In addition, you represent that your SFOX Account is discretionary in nature, and is not being used primarily for personal, family, or household purposes.

https://www.sfox.com/terms.html

[Millionero]

The expression “piss poor” comes from those who sold their urine to tanners...

Piss was also used as a source for salt peter for gunpowder.

There's a cliffhanger scene in Blood Meridian by Cormac McCarthy.  A gang of bad white dudes, out of gunpowder, is trapped on a mountaintop and being attacked by Indians.
The bad white dudes need to make gunpowder.  They piss and wait for the piss to dry in order to have saltpeter for the gunpowder.  The piss dries in time to make the gunpowder just as the indians are about to overrun the white dudes' position.
Then the white dudes blow away the injuns.

[Last of the V8s]

Come on people, 'nance is about to open in 15 mins all being well



now is the time to focus

I just came


...to the realization that I might like big butts more than Bitcoin

inorite?
i mean it takes a big hammer to drive a big strap-o... oh nvm

[Paashaas]

bCash...lol.





https://twitter.com/BitMEXResearch/status/1128670677442203652

[jojo69]

Congratulations Mic

I know this is something you really wanted

[zhekinsp]

In last 24 hours,

Bitcoin - -1.28%

Ethereum - +12.58

What is happening?

[Phil_S]

It's called sideways.

This is perfectly fine.

[Cryptotourist]

What is happening?

Altmageddon phase 2.

[El duderino_]

Congratulations Mic

I know this is something you really wanted

Thx and thx for all the other congrats ....

Cheers

[jbreher]

Diversification is about picking the best of each market segment and buying a little of each.  It is not about chasing penny stocks.

Portfolio performance is only gained with a range of stocks from each sector. The lower caps will always be more volatile and some will outperform the dominant stock.

A company with a lower cap stock whose products do not have a Unique Selling Proposition are doomed to failure.

What's the USP of your candidate shitcoin?

[jbreher]

Facebook it dominant but not a monopoly and certainly not necessarily the future. Apple has only around 16% share of the smartphone market, down from 100% at the iPhone's launch. Netflix has less customers than Amazon Prime depending on how you view the statistics and its dominance is nowhere near to inhibiting new entrants. So those companies competitors are doing quite well actually.

Bitcoin dominance hit a minimum during the last massive price spike (see below), yet its marketcap/$USD price was at a maximum. That's no accident because as money is made in alts, people profit-take into bitcoin. It's the same structure for any monetary asset market and is in fact the very definition of a "reserve asset". There were of course other factors at play such as hedging the contentious hard forks that were going on, the blocksize war and general ideological differences in priority. But such needs to hedge will always exist - periodic storms in markets are a permanent feature of economics.

How does the market respond to such conflicts ? It caters for all through diversification - same as with any commercial sector. 20 years from now, the idea that there was only ever going to be 1 blockchain asset will seem comical, a bit like Thomas Watson's statement of "I think there is a market for maybe five computers".

Non-bitcoin digital asset market share moves in sawtooth waves just like bitcoin's own fiat market. It usually declines to just below the last peak marketshare during which time much of that capital flows into bitcoin and consolidates it. Then fuelling starts again and we move through a new cycle.

Again, nothing you have stated above^^^ lends any support to your assertion belowVVV.

There are very few natural monopolies in the world and monetary assets - digital or otherwise - are definitely not one of them. That is something so-called bitcoin maximalists should be thankful for and not moaning about because without it you'd have stagnation and ultimately death of the entire sector, including bitcoin.

[zhekinsp]

It's called sideways.

This is perfectly fine.

Want bitcoin to be ahead of ethereum in the next 24 hours.

[jonoiv]

When did cryptopia go into liquidation?  Says today but i can find any articles

https://www.cryptopia.co.nz/

[nutildah]

When did cryptopia go into liquidation?  Says today but i can find any articles

https://www.cryptopia.co.nz/

That den of thieves, haven't the coins moved since the key holder "died"?

Wait... Do you mean QuadrigaCX or did their CEO die too?

[yefi]

Anonymint is meth level behavior

He was exclaiming the end of Bitcoin when I joined this forum six years ago. He's a fucking crackpot.

(Consider judgement served.)

[BitcoinGirl.Club]

Witnessed bitcoins @ $8,049 preev ref

Good afternoon WO brothers!

When are we going to moon?

[BitcoinGirl.Club]

I need the guy who is good at summarizing WO events 🙂

[VB1001]

When did cryptopia go into liquidation?  Says today but i can find any articles

https://www.cryptopia.co.nz/

https://cointelegraph.com/news/hacked-new-zealand-exchange-cryptopia-appoints-liquidators-trading-suspended