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

[El duderino_]

https://www.tijd.be/tech-media/technologie/libra-verloochent-de-ideeen-achter-cryptomunten/10144955.html
https://bitcointalk.org/index.php?topic=5156177.msg51800858#msg51800858


Just found this in my local boards... Its a newspaper piece, hope the translation is OK  (probably need to translate)

[vroom]

It feels so empty without us doesn't it ? No fomo, no hodl hodl all over the place.. No enthusiasm, no attraction, no desire , no newbies , no price changing investors, no love, no hate either.. I could go on, but when will ya realize ? =3 When we are gone?

Can you recommend any good delusional drugs?

I think ya fellas do not need anymore drugs, ya are drugged out enough already. So do not judge me by your way of junkie living because i do not belong in your junkie category.

says the man with the gas mask

[LFC_Bitcoin]

Stop engaging with the lunatic guys

[Cryptotourist]

Sooo, you come out of the blue asking strangers for life changing money for yourself & your buddies, with the promise of doing something you absolutely cannot do - no guaranties of it anyways - and we just have to believe you in good faith & give you all our hard earned money in a blink, just because you wore a gas mask & printed some dominoes.
Cherry topped with a deadline also.

Yes, we are truly lunatic.

Get lost.

#

Morning my WO brothers.
For the next 1000 posts I will try not to shit post as much.

[nutildah]

Morning my WO brothers.
For the next 1000 posts I will try not to shit post as much.

"Show me a man who has never shitposted and I will show you a man who has never truly lived." - anonymous

Actually I can think of one: satoshi. But he may not have been a single person anyway, so...

Man, my fuckin nads have been itching something fierce these last few days.

[AlcoHoDL]

I came out of the blue asking for financing.

Exactly.

Now get the fuck out of here.

[Cryptotourist]

~We can buy your ass !~

Oh no, he has the CW syndrome.

My ass can get quite expensive though, as it's not for sale.
Come to think of it, I'll probably be OK with 100.000BTC. If you really really want it that is. I wouldn't. It's hairy.

- Disengaging with this moron -

[Cryptotourist]

- Hill Billy TA analysis -

I've been kinda bearish in my prediction for Mic's Q3 game, comparing with the $500-$1000+ range of the past.
The more we move forward, the less chance I give it that we might visit again $7k or $8k levels.
I feel that it would take a great deal of bear momentum, and it's just not there, cos we are in a bull fucking mode & global parameters are different this time.
As for $2k or $3k, or even $4k, my belief is that never ever again.

[Wekkel]

Market dominance is a shitty indicator [...]

[...]

• Technology has progressed, people studied and has progressed in the understanding of the cryptos and came to the right conclusion shitcoins are indeed...shitcoins. Shitcoins value proposition has since faced and now they are clearly revealed for what they have always been: (kind of elaborate) exit scams by fraudster to transfer your bitcoin in their wallets.
• We are on the verge of an epochal bull run caused by institutional money on the brink on entering cryptocurrencies. Of course the main gateways for this to happen is Bitcoin. I can't see them diversifying their investment into other bitcoins in the near future both because lack of regulations, lack of liquidity and above all security and scrutiny on this coins.
• The more Bitcoin performs versus shitcoins, the more the random investors will be keen on buying bitcoins and abstain to shift to shitcoins, because Bitcoin IS the asset performing. SO kind of self-fulfilling mechanism/shelling point where you don't want to convert your bitcoin into other assets

What are your toughs?

My toughs?  

1. I think more non-retail money (increasing constituent, now) seeks the safer bet, along with the liquidity of the largest player / market in crypto.
2. The feedback loop.  As long as alts whither and dominance increases, it only reinforces the trend.  For now, at least.

There is a tendency to call all coins other than Bitcoin 'shitcoins'. To me, it seems mostly like NPC herd behaviour  

I'd rather make a distinction between:

• shitcoins
  
• chance coins
  

In my vocabulary, shitcoins are coins that serve no purpose, have no vision or (attempt to any) solution. We are in the process of saying goodbye to front_left_tooth_coin, not_solving_even_non_existing_problem_coin (Autorship, I am looking at you...), pump_and_dump_copy_paste_coin and all other projects that were stamped out of the ground and will be put back in that same ground soon. If anything of the numbers in Market cap is still representing shitcoins, it will be pressed out from it like a lemon. Good riddance.

This is to be separate from chance coins. Projects that try to solve an existing problem or create new possibilities. High risk, many will fail, but the label 'shitcoin' would misrepresent these projects. And it would be very close minded to think that such new and innovative (but failure prone) projects won't be initiated in the future with only Bitcoin remaining. Perhaps in once sector (store of value) the competition will be very stiff, but there are many more aspects to cryptocurrency and DLT tech that are and will continue to be explored.

Not meant as shilling and basically a random mentioning of some projects to color my thought of separating 'chance coins' from 'shitcoins'.

• Ethereum: vehicle for the shitcoins that will deflate, but a programmable decentralised machine has something to it
  
• EOS/TELOS: more centralised (in computing sense) but more powerful. I can imagine this grabbing a spot for dApps that do require accounts/management/high TPS
• Nimiq: a payment solution with full blockchain capabilities, light weight (so some compromises on decentralisation) but excellent for small and fast payments. Nothing exciting in terms of standard POW blockchain, but it has something no crypto had: easy user experience.
  

Again, I'm not mentioning these projects because I think they will 100% rule the world. I mention these as examples of how time, money and creativity seeks opportunies, time and time again. Just like we do not call all companies with venture capitalist investors 'shitcompanies', I won't call all cryptocurrency projects 'shitcoins'.

'Shitcoins' and 'chance coins'. Remember this.

edit: giving up on this shitty markup language from the 2000's  [/list]

[Spaceman_Spiff_Original]

Sooo, you come out of the blue asking strangers for life changing money for yourself & your buddies, with the promise of doing something you absolutely cannot do - no guaranties of it anyways - and we just have to believe you in good faith & give you all our hard earned money in a blink, just because you wore a gas mask & printed some dominoes.
Cherry topped with a deadline also.

Yes, we are truly lunatic.
Get lost.

I think I have got a great idea for a new altcoin (chancecoin?).
It will be called 'Scammercoin'.
It will be a smart contract like platform.  You send a small amount of Scammercoin to the network, including an url/email address or whatever identifier where a scammer is active.
The Scammercoin network then activates a AI-powered chatbot that has been developed with the unique purpose of engaging the scammer for as long as possible (ideally via PMs or emails), making sure the scammer wastes as much of his time as possible (this is the optimisation criterium for the AI), by agreeing to the scam, but having technical difficulties for which you need the scammers advice etc. .  

Truly an unmet need, no?
' Scammercoin, for a better tomorrow ! '

[ChinkyEyes]

Market dominance is a shitty indicator, we all know why, and after Bitwise report we cannot ignore anymore his limitation, but, can still point in the right directions to intresting thoughts about market.

Market dominance just broke the peak during Dec '17 (price) ATH, it is now at the highest levels since April 2017.



another way of looking at this is the following relative price movements of shitcoins versus BTC over the last 3M



This is truly remarkable.

A few days ago i proposed 3 three reasons why market dominance is going north, I ask you again your toughs.

I list there in the order of market relevance, in my opinion:
 

• Technology has progressed, people studied and has progressed in the understanding of the cryptos and came to the right conclusion shitcoins are indeed...shitcoins. Shitcoins value proposition has since faced and now they are clearly revealed for what they have always been: (kind of elaborate) exit scams by fraudster to transfer your bitcoin in their wallets.
• We are on the verge of an epochal bull run caused by institutional money on the brink on entering cryptocurrencies. Of course the main gateways for this to happen is Bitcoin. I can't see them diversifying their investment into other bitcoins in the near future both because lack of regulations, lack of liquidity and above all security and scrutiny on this coins.
• The more Bitcoin performs versus shitcoins, the more the random investors will be keen on buying bitcoins and abstain to shift to shitcoins, because Bitcoin IS the asset performing. SO kind of self-fulfilling mechanism/shelling point where you don't want to convert your bitcoin into other assets

What are your toughs?

My toughs? 

1. I think more non-retail money (increasing constituent, now) seeks the safer bet, along with the liquidity of the largest player / market in crypto.
2. The feedback loop.  As long as alts whither and dominance increases, it only reinforces the trend.  For now, at least.

My toughs:  

1. I think BTC is now behaving the same way as in June 2016, based on this I researched a few alts how they behaved during that period and I have come to the conclusion they are going to keep getting rekt for a while.

2. BTC overall is a much safer bet than shitaltcoins. It's just not the right time for them yet. Perhaps when BTC is near 20k again.

3. Note to self: never hold alts during a bear market and the start of a new bull market.

4. Never hold shitcoins, BTC is just worth too much to risk losing

[kurious]

Andreas on Libra - a video lecture with his initial thoughts on the first 'Corporate Currency':

"Facebook's Libra will introduce a billion people to the wrong kind of cryptocurrency just like AOL introduced a billion people to the wrong kind of internet."

https://www.youtube.com/watch?v=7S6506vkth4

Not a bad weekend watch.

[El duderino_]

Morning wall watchers, a cup of coffee and a look at the markets has me pretty excited, I'm guessing we'll go up a few hundred today but stay shy of $12k or go down to high 10k, it's literally a coin toss.

If heads = 12K-zone

And

If tails = 10K-zone

Then I guess you know where my choice is ......

[_javi_]

The 12k-10k zone is ok if you zoom out..

It was too soon for the mother of all parabolic runs up.. 

Lets the kids play and gets scared in the chop chop zone.. Hodlers not affected.

[_javi_]

The 12k-10k zone is ok if you zoom out..

It was too soon for the mother of all parabolic runs up..  

Lets the kids play and gets scared in the chop chop zone.. Hodlers not affected.

So what you're saying is that we just had a correction and the bull run is yet to happen?

Yep, i think/hope so.

I think we just saw the warming up of the stronger and longer bull run.

Maybe we will crawl up for some time, until some pretty numbers appear (15k?.. 20k?). Then the real fireworks will begin. (imho)

[lightfoot]

b"Facebook's Libra will introduce a billion people to the wrong kind of cryptocurrency just like AOL introduced a billion people to the wrong kind of internet."

I remember when AOL first started connecting to the NSF/Internet. We all said "There Goes the neighborhood".

Ah well.

[xhomerx10]

Good God.



Thought maybe we mooned.

[ppblockchain]

Hey guys
what ccn says about btc?

https://www.ccn.com/news/trump-bitcoin-criticism-is-right/2019/07/13/

"President Donald Trump may be making a veiled threat towards Facebook, for its obvious censorship of conservatives, that the federal government will force cryptocurrencies to be regulated by banking laws.

[Dabs]

50 BTC. 100 BTC. blah blah.

I can provide escrow. It's quite simple:

If it moves to $40k or $50k by a certain date and time, I can release the coins.
If not, everyone gets refunded.

The usual stuff applies: signed message/contract, multi-signature if desired (I got another escrow in mind), and five percent.

I don't think anyone will send you anything directly.

[serveria.com]

I was just looking around and Damn ..... found some RL footage of BoB.....

OMG this is like the most hilarious post of all time here on WO