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

[Zaanda]

Say "No" to shitcoinery.

Can not agree more with this,

https://pbs.twimg.com/media/D_G7mYpXUAAcHPm.jpg

On most exchanges all the other alts are usually paired with bitcoin.  hence keeping bitcoin afloat while the masses run from the alts, once that process is over isn't it expected bitcoin will dump quite a lot?

[Cryptotourist]

No choice but it’s only small.  I have given up trying to find an entry position so am slowly dollar cost averaging into a reasonably large long position over the next three months, buying a little long every day.

Thanks for sharing your Majesty.
Personally I haven't picked up trading yet - since the end of May.
Too hot. Too many gorgeous Brazilian topped asses all over the place.

#

Hold any Bitcoin / Shitcoin portfolio for long enough and this will be the inevitable outcome

I ... had a few shitcoins until 2 - or so - weeks ago. Sacrificed the shit out of them.
Glad I did so, cos I couldn't bear loosing BTC value anymore.
Now I have only BTC & Grin, & my ledger looks like this:



#

What is your percentage of fiat?  (by fiat, I mean fiat that is dedicated to buying crypto on dips or otherwise, not other fiat that you might have nor other fiat based investments that you might have)

I think my total right now is about 96% BTC, 3% fiat and 1% shitcoins..   

95% properties & others, total fiat 0.5%, BTC 4.4%, Grin 0.1%.
Have I ever mentioned that I'm semi retired already? Hopefully within the next couple of years, I'll buy that "King Bitcoin" yacht.

[kurious]

Came across this thread by chance, I can see few familiar names merited this thread but still wanna share with others. please check it out, I can assure you, It's worth it.

The most iconic bitcointalk threads. History on Bitcointalk.

Love the platypus thread

https://bitcointalk.org/index.php?topic=67933.0

[JimboToronto]

A pleasant good morning Bitcoinland.

I see the slow creep upwards has continued past $13k... currently $13024USD/$17090CAD (Bitcoinaverage).

Shouldn't be too long before we see our first new AYH in 2 weeks, maybe even by this weekend, almost surely this month.

Go Bitcoin go.

[Yaplatu]

Buy ALT or BTC ?


Source Twitter : @cryptopolitain

[somac.]

I must say, I am very happy with bitcoin's market share growing again. Currently at 66.93% on openmarketcap.com, Going to be nice when it is sitting on 70.

[ChinkyEyes]

Buy ALT or BTC ?


Source Twitter : @cryptopolitain

The ROI seems to be in fiat, we don't want that shit we want satoshis

[somac.]

The ROI seems to be in fiat, we don't want that shit we want satoshis

Spot on!

[Zaanda]

A pleasant good morning Bitcoinland.

I see the slow creep upwards has continued past $13k... currently $13024USD/$17090CAD (Bitcoinaverage).

Shouldn't be too long before we see our first new AYH in 2 weeks, maybe even by this weekend, almost surely this month.

Go Bitcoin go.

I have read these pages for many years but rarely post.   Just wanted to point out that your thinking on 06/30/2014?  

You thought it was a bear trap and in fact it was the start of a long and damaging downtreand.  I have noticed after reading this thread for a long time, it does seems to be home to many hardcore bulls.  Many traders on Trading view are predicting a drop to 10 then - 9.5 the 8.5 as a large correction.

What makes you think the price will keep creeping up without any major correction?

[_javi_]

Unless btc doesnt go madly parabolic, i dont see a major correction coming up.
There could always be a catastrophic event, hack or temp ban.
On the bull side, we could have an ETF approval, new use cases, killer app, halving..
This emotional market could move either way..

But its going up for now. Call it momentum, path of less resistance, trend,... whatever.

Enjoy the ride!

Go BTC go!

[serveria.com]

I must say, I am very happy with bitcoin's market share growing again. Currently at 66.93% on openmarketcap.com, Going to be nice when it is sitting on 70.

We need more of that shitcoin apocalypse (shitcoinlypse?)  

[Zaanda]

I must say, I am very happy with bitcoin's market share growing again. Currently at 66.93% on openmarketcap.com, Going to be nice when it is sitting on 70.

We need more of that shitcoin apocalypse (shitcoinlypse?)  

Bitcoin goes up altcoins go down.  Bitcoin goes down altcoins go down.  I though that meant an incoming dump?

what do you think? very terrifying here.

[fillippone]

Puompiliano pumping the market!

Bitcoin Price Will Smash $100,000 by 2021 Thanks to Facebook, Says Fund Manager

“I think by the end of 2021 we’ll see it eclipse $100,000,” Pompliano said. “The important thing to remember about bitcoin is that it’s a fixed supply asset and so supply and demand economics apply. If there are increases in demand, you’re going to see the price move up.”

“It’s really bullish for the digital currency in the sense that the more important part of the announcement is not Libra, it’s Calibra, which is the digital wallet that Facebook is reportedly going to give to hundreds of millions of people, if not billions of people.”

“That wallet I think will eventually support bitcoin, ethereum (ETC-USD), tokenized securities and even data, so you can imagine something like your medical health records being tokenized and held in that wallet. I think it’s really important moment where we give hundreds of millions of people the capacity to hold crypto currencies.”

That's' part of the story on why bitcoin is performing versus shitcoin. The money is flooding into crypto, main gateways into crypto is of course bitcoins, but contrary to what happened in last retail-led rallies, money is staying into bitcoin.
Bitcoin is the only market where the liquidity (i am referring to bid/offer, market depth and reduced slippage)  is guaranteed for this kind of investors.
I can't see any reason why a fund manager would keep any shitcoin where value proposition is basically non-existent and liquidity is scarce.

[UnDerDoG81]

I will laugh hard when these red candle producing morons get wrecked and we climb over 13k constantly 

[JSRAW]

Came across this thread by chance, I can see few familiar names merited this thread but still wanna share with others. please check it out, I can assure you, It's worth it.

The most iconic bitcointalk threads. History on Bitcointalk.

Love the platypus thread

https://bitcointalk.org/index.php?topic=67933.0

A couple of comments are too good

So much to read in the main thread. Some interesting stories, loving it.

[Saint-loup]

Poloniex now supports crypto-trading using bank accounts, debit and credit cards

By connecting bank accounts, customers in over 80 countries can now deposit money into Poloniex and have it automatically tokenized into USD Coin (USDC) for trading. Similarly, customers can withdraw USDC directly into their bank accounts. The starting weekly limits are $50,000 for deposits and $25,000 for withdrawals, but these can be increased for specific customer needs.

Additionally, Poloniex has partnered with payment-processor Simplex, so customers from 60+ countries can use their debit or credit cards to buy bitcoin on Poloniex. Simplex charges a 3.5% fee (or $10, whichever is greater), and customers can purchase as little as $50 worth of bitcoin.

Customers who connect their bank accounts and deposit funds will get their fiat money automatically tokenized to USD Coin (USDC)

https://medium.com/circle-trader/poloniex-now-provides-card-and-bank-account-connectivity-for-crypto-trading-2d2cef175639

[_javi_]

I will laugh hard when these red candle producing morons get wrecked and we climb over 13k constantly  

They are swimming against the current, and they cant see the tsunami coming.

[kurious]

That's' part of the story on why bitcoin is performing versus shitcoin. The money is flooding into crypto, main gateways into crypto is of course bitcoins, but contrary to what happened in last retail-led rallies, money is staying into bitcoin.
Bitcoin is the only market where the liquidity (i am referring to bid/offer, market depth and reduced slippage)  is guaranteed for this kind of investors.
I can't see any reason why a fund manager would keep any shitcoin where value proposition is basically non-existent and liquidity is scarce.

I agree, most of the alts are indeed having their lunch eaten by the BTCiggest fish.

There are scenarios which might plausibly be positive for alts:

• Some alts could be included in 'baskets' of crypto once ETFs do finally appear. Top 20 Mcap ones, maybe?   Everything else will be in the penny stocks section.  Those out of the cut may not all end up dead, but the majority will be close to it.

• The only other possible hope is retail FOMO with new punters of the 'I can't afford a whole bitcoin' ilk buying up potential 'next bitcoin' things and shiny alts.  A rising tide raises all ships after all.  Many alts can still boast healthy (recent) gains in USD terms.

[fillippone]

That's' part of the story on why bitcoin is performing versus shitcoin. The money is flooding into crypto, main gateways into crypto is of course bitcoins, but contrary to what happened in last retail-led rallies, money is staying into bitcoin.
Bitcoin is the only market where the liquidity (i am referring to bid/offer, market depth and reduced slippage)  is guaranteed for this kind of investors.
I can't see any reason why a fund manager would keep any shitcoin where value proposition is basically non-existent and liquidity is scarce.

I agree, most of the alts are indeed having their lunch eaten by the BTCiggest fish.

There are scenarios which might plausibly be positive for alts:

• Some alts could be included in 'baskets' of crypto once ETFs do finally appear. Top 20 Mcap ones, maybe?   Everything else will be in the penny stocks section.  Those out of the cut may not all end up dead, but the majority will be close to it.

• The only other possible hope is retail FOMO with new punters of the 'I can't afford a whole bitcoin' ilk buying up potential 'next bitcoin' things and shiny alts.  A rising tide raises all ships after all.  Many alts can still boast healthy (recent) gains in USD terms.

I see the chances of an ETF with alts slimming considerably with the bloodbath we are seeing. Consider also that consequences of alts down performing BTC are bad because:

• Alts downperforming reduces liquidity from markets, getting difficult to have reliable prices, and depth, that are fundamental for an ETF
• Akts downperforming means reduced hashing power, thus lower security on the alts, again, this is bad for institutional investors

Regarding the FOMO, this can always happen, but the case of getting long because of this is getting more and more ridiculous.

[El duderino_]

When 15k a coin? The HAT is asking for it....