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

[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 ! '

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[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  

[BitcoinGirl.Club]

Good afternoon WO

Observing @ $11,410

Still good 🙂

[BitcoinGirl.Club]

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.

PS: Sarcasm

FTFY 😜

This troll is still trolling! Mods are in vacation? 🤪



Temptation 🤣
Thanks theymos for the Show/Hide link LOL

[Dabs]

The whole point of escrow is that everyone can see the funds are being held and you don't get anything until the job is done. (Or half the job gets done, milestones or whatever, then you get that portion.)

In my line of work as far as this forum is concerned I'm never sarcastic. If the minimum threshold is not met in a timely manner, the deal is also called off and participants are refunded.

[nutildah]

We can make a deal with Escrow if we get 40% now and the 60% are being held until we are done. That would cover our costs for our job ! Otherwise we have no interest

Its their choice, take it or leave it. That is as far i am willing to compromise !

Our counter-offer is 0% now and 0% when you are done. That is as far as we are willing to compromise. Otherwise we have no interest.

[DeathAngel]

Guys, why are you still speaking to the troll? He has a photo on page 2 of his posting history of himself wearing a fucking gas mask with a T Shirt that looks about 15 years old, the elastic has gone on the neckline. He’s also got some weird sandwich wrapping on his finger because he probably can’t afford a band aid.

I can 100% assure you that this weapon probably can’t even complete a successful bowel movement sitting on a toilet let alone move a multi billion dollar asset market cap.

Please put him on ignore or at least stop quoting him because I don’t want to read his verbal diarrhoea in our sacred WO Club Thread.

Thanks.   

[erre]

This is a trustless environment, if you are not able to show proofs you are wasting your time. And ours, but we are here exactly to waste time so...

[BitcoinGirl.Club]

Guys, why are you still speaking to the troll? He has a photo on page 2 of his posting history of himself wearing a fucking gas mask with a T Shirt that looks about 15 years old, the elastic has gone on the neckline. He’s also got some weird sandwich wrapping on his finger because he probably can’t afford a band aid.

I can 100% assure you that this weapon probably can’t even complete a successful bowel movement sitting on a toilet let alone move a multi billion dollar asset market cap.

Please put him on ignore or at least stop quoting him because I don’t want to read his verbal diarrhoea in our sacred WO Club Thread.

Thanks.  

A failed attempt to convince the visitors here is his portfolio.

[BitcoinGirl.Club]

<Moronado Vortex Detected>

WARNING: F5 Moronado Detection Alert.

Please seek the nearest Ignore link.

Mind the gap

[BitcoinGirl.Club]

It's time (again) for a Wall Observer Meta Post!

We have our LoyceV here 🤪