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

[fabiorem]

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Thats because every altcoin have its price pegged to bitcoin.

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[toknormal]

I don't buy the "new money" argument.

Have you heard Tom Luongo's latest commentary on that subject ? I think it's very interesting and analytical. Will drop you in at the interesting bit but the whole thing is worth listening to IMO.

[marcus_of_augustus]

butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example

[Hueristic]

[edited out]

and you like to uptalk the price, im saying the oppersite?  what's your point?  That oppinions are only vailid if they match yours?

You have a skewed interpretation of my posts if you conclude that I am "uptalking the price." 

Just to repeat a bit of my overall thinking about BTC and short term price moves, yeah of course, I remain long-term optimistic and bullish about bitcoin, but rarely do I claim to have any high level of confidence regarding the short term price direction of BTC that goes beyond 55% or 60% if I am feeling really confident.  So, even if I express some confidence and I suggest a 60% chance of some short term move, there remains a 40% chance, in my own thinking, that it won't play out as I believe.

Furthermore, I have disclosed on a large number of occasions that I have a system of incremental selling of BTC on the way up and buying of BTC on the way down.  Yeah, I might tweak my system here and there based on short-term anticipations, but from an overall perspective, my tweaking of my orders (increments or amounts) remain very minor in the whole scheme of things, and really I am too chicken shit to make BIG bets. 

I can only recall one time that I sold a decently large amount of BTC (I think that it was around 10% when the August 2016 announcement of the Bitfinex "hack" was made) .. and such a sale of about 10% of my BTC stash scared me half to death.. and I was nervous for a very long time until I bought back within less than 24 hours... I don't even think I could sleep on it.  So, in that situation, I learned a lesson that I was not really psychologically tolerant of making such BIG moves and/or gambling with my BTC stash in such a seemingly BIG way.

Anywho, part of my point is that it seems much more coherent to me to appreciate folks who are valuing their wealth in BTC rather than valuing in dollars, which you seem to be doing with your short term gambling plays that don't seem to work out too well and from my perspective seem to be excessively risky and evidentially (from your own behavior) seem to lead to too much emotional attachment incorporated into your BTC trading/investing strategy.

Although I agree with your post I just wanted to say STFU!

Apparently this thread is flying too fast to ever catch up so I better say that within the defined timeframe.

Wait, did it go over 9000?

THAT'S IMPOSSIBLE!

I think thats why I have 30 fucking pages to go through.

[Toxic2040]

Good morning everyone.

Vegeta has been breached. Gather your forces and consolidate..the assault continues.

Buy the dips.

1h


4h


D

#stronghands'19

[Toxic2040]

butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example

Harsh but true.

+1 WOsMerit     


..still, a gentlemen should never lose compassion for a fellow hodler no matter the circumstances.

[mindrust]

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Thats because every altcoin have its price pegged to bitcoin.

Not just that,

Altcoins have fake volume. If it is not fake it is tiny compared to bitcoin's. You'll probably be able to cash your $1m out on LTC for example (it won't be easy and also depends on the exchange's liquidity&activity ) but you'll definitely crash the market and won't able to find real buyers when you try it on some other shitcoin (like Verge?) without any real liquidity.

BTC on the other hand, is the king of liquidity. You can cash out your position at any time and there will always be people who'll be willing to buy your stacks.

That's not the case with alts. Most trades you see on the exchanges are bots trading to each other. When a real buyer/seller arrives their orders suddenly disappear. Make $1m on Verge and try to get your money and see what happens. (hint: you won't get shit)

[jonoiv]

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Thats because every altcoin have its price pegged to bitcoin.

I wouldn't say pegged so much as reactionary to bitcoins movements.  But during the long bear market from 2013 -2016, most alts were decimated until bitcoin revived.  but a few good alts emerged during the bear market, ETH, Monero ect.  

[jonoiv]

butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example

 
Yer because buying a single $9000 cryptograpic line of code on a blockchain, doesn't seem like gambling to 99% of the worlds population.  Every person that has ever brough any cryptocurrency is a gambler.

[jonoiv]

butt-rekt day-tarding at the bitfinex casino and comes onto WO to cringe-whinge ... get a life, your next stop is a roach-motel shitcoin last-chance-salon exchange ... gambler's anonymous is a thing, you don't have to air your problem in a public forum, it's a mental health issue, keep it private. use roach as your dont-be-this-guy example

 
Yer because buying a single $9000 cryptograpic line of code on a blockchain, doesn't seem like gambling to 99% of the worlds population.  Every person that has ever brough any cryptocurrency is a gambler.

Bullshit, it's not gambling it's speculation.

semantics

[Toxic2040]

(57 posts by 15 users deleted.)


...interesting.



*edit

p.s.  grats @jojo..yoink!

[fabiorem]

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Thats because every altcoin have its price pegged to bitcoin.

I wouldn't say pegged so much as reactionary to bitcoins movements.  But during the long bear market from 2013 -2016, most alts were decimated until bitcoin revived.  but a few good alts emerged during the bear market, ETH, Monero ect.  

I asked in the altcoin forum if someone was making money out of Storj, which have a proposal similar to Siacoin.

Nobody answered. These projects are dead. Im not saying the idea of renting your disk space is bad, though.

[jonoiv]

I don't buy the "new money" argument.

Have you heard Tom Luongo's latest commentary on that subject ? I think it's very interesting and analytical. Will drop you in at the interesting bit but the whole thing is worth listening to IMO.

i'll take a look tonight.  thanks

[Last of the V8s]

the devs hold 85% of the siacoin ... because of things

[jonoiv]

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Thats because every altcoin have its price pegged to bitcoin.

I wouldn't say pegged so much as reactionary to bitcoins movements.  But during the long bear market from 2013 -2016, most alts were decimated until bitcoin revived.  but a few good alts emerged during the bear market, ETH, Monero ect.  

I asked in the altcoin forum if someone was making money out of Storj, which have a proposal similar to Siacoin.

Nobody answered. These projects are dead. Im not saying the idea of renting your disk space is bad, though.

If somehow Siacoin or one of the other storage alt made a coin that was not only capable of storage but to make an entirely decentralised internet and the space used for hosting, then that would get my attention.  No idea if it's even possible.  Kind of like Siacoin meets namecoin on a decentralised cryptographic TOR... second thoughts it's probably a bad idea, and will be used by the wrong people.

[Lambie Slayer]

^^^Billionaires want to buy 25% of all bitcoin??

Sorry but which billionaires would be that stoopid to think or say something like that?
Its like saying 'billionaire said they wanted to buy 25% of all the gold in the world,  or 25% of all the islands in the world'

It smells like some nextevel shillery from someone wanting to big note and set a web for hnwi clients, irs honeytrap etc?

What happened to Jorge Stolfi? Brazilian socialists shills are getting routed tbese days, hope that guy rots in a miserable outcome of his own making.

he still hates on twitter. i used to harass him there before bcash boyz got me banned.

https://twitter.com/JorgeStolfi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

[Lambie Slayer]

Brought to you by Carls Junior. "Fuck you im eating"

https://yt.ax/watch/carls-jr-fuck-you-im-eating-24787763/

Bacon 3 way.

After 2022, that will be what every hodler wakes up to every morning.

Indeed sir. My dad always told me when I was a young lad that monogamy is a poor nocoiners game. At least that what he should have said. 

[gentlemand]

he still hates on twitter. i used to harass him there before bcash boyz got me banned.

https://twitter.com/JorgeStolfi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

That geezer mystified me. At certain points he must've been putting in 12 or more hour days on here and on Reddit for weeks and months on end. All that effort achieved precisely - fuck all.

Hopefully he'll go senile so he won't be consumed with regret at all that irreplaceable time he set on fire.

[g-uid]

I don't buy the "new money" argument.

Have you heard Tom Luongo's latest commentary on that subject ? I think it's very interesting and analytical. Will drop you in at the interesting bit but the whole thing is worth listening to IMO.

i'll take a look tonight.  thanks

16:30 he shares his instincts on what's happening w/ Bitcoin which may resonate with some.

[Toxic2040]

he still hates on twitter. i used to harass him there before bcash boyz got me banned.

https://twitter.com/JorgeStolfi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

That geezer mystified me. At certain points he must've been putting in 12 or more hour days on here and on Reddit for weeks and months on end. All that effort achieved precisely - fuck all.

Hopefully he'll go senile so he won't be consumed with regret at all that irreplaceable time he set on fire.

Reflecting back on it..he sure knew how to get under ones skin. He has the honor of being the first person I ignored on this forum. People seriously baffle me at times..