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

[jbreher]

reaching 70% dominance. on cmc, which was always rigged in favour of alts.

BTC dominance was always over 80% until the BCH split happened. From that moment on. Or better to say a bit before that, was always uncertainty. Not just BCH steal dominance but also ETH, which many considered as BTC version two. But it ended just as a platform to crowdfund founds with illegal securities.  And it seems it lasted for two whole years.

There was an explosion of ICOs at that time. The BCH fork wasn’t a driver.

From end of 2017 Feb to mid 2017 Jun, BTC dominance plunged from over 85% to below 40%.
https://coinmarketcap.com/charts/#dominance-percentage

The beginning of 2017 is when blocks started becoming persistently full.
https://bitinfocharts.com/comparison/bitcoin-size.html

The loss of dominance was due neither to BCH nor ICOs. 'Twas the Blockalypse. Or more pecisely, Blockalypse I.

1)   jbreher's arguments above should serve as evidence that there is still a decent amount of stubborn hopium regarding the presentation of a bitcoin is broken narrative

It's not hopium. Quite the opposite. It's lamentation, you numbskull.

2) spammer BIG blockers like to conveniently forget how much resources they were pumping into spamming BTC's blockchain in mid to late 2017

Yet the fall off the cliff -- as clearly described above -- was early 2017. So, nice try, no gold star.

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[jbreher]

reaching 70% dominance. on cmc, which was always rigged in favour of alts.

BTC dominance was always over 80% until the BCH split happened. From that moment on. Or better to say a bit before that, was always uncertainty. Not just BCH steal dominance but also ETH, which many considered as BTC version two. But it ended just as a platform to crowdfund founds with illegal securities.  And it seems it lasted for two whole years.

There was an explosion of ICOs at that time. The BCH fork wasn’t a driver.

From end of 2017 Feb to mid 2017 Jun, BTC dominance plunged from over 85% to below 40%.
https://coinmarketcap.com/charts/#dominance-percentage

The beginning of 2017 is when blocks started becoming persistently full.
https://bitinfocharts.com/comparison/bitcoin-size.html

The loss of dominance was due neither to BCH nor ICOs. 'Twas the Blockalypse. Or more precisely, Blockalypse I.

Nice try.

It was the ICO boom of 2017 driving up the price of ETH to 35% market dominance.  

ICOs and token sales became popular in 2017. There were at least 18 websites tracking ICOs before mid-year.[12] In May, the ICO for a new web browser called Brave generated about $35 million in under 30 seconds.[citation needed] Messaging app developer Kik's September 2017 ICO raised nearly $100 million. At the start of October 2017, ICO coin sales worth $2.3 billion had been conducted during the year, more than ten times as much as in all of 2016.[13][14] As of November 2017, there were around 50 offerings a month,[15] with the highest-grossing ICO as of January 2018, being Filecoin raising $257 million (and $200 million of that within the first hour of their token sale).[16]

https://en.wikipedia.org/wiki/Initial_coin_offering

Nice try, indeed.

Your timeline does not match up. Your wiki 'evidence' says nothing about pre-May. By 2017 May 1, BTC's dominance had already been slashed from more that 85% in end of Feb to below 60%. Indeed, a look at a chart of cumulative ICO value per month counters your assertion:

https://cointelegraph.com/news/from-2-9-billion-in-a-month-to-hundreds-dead-trends-of-the-rollercoaster-ico-market-in-18-months

One can quite clearly see that there was comparatively very little taken in by ICO's by the time 2017 Jun rolled around - and that BTC dominance had already nosedived to below 40%.

You know what timeline does match up with the plunge in market dominance? Blockalypse I.

[criptix]

Re USA and China:

Today i read a quite nice article which talked about the peloponnesian war as the prime example to what the US vs China situation could lead to.

The democratic and superpower Athen trying to conquer and bind all greece polis to them vs the autocratic newcomer Sparta which tried to upheld their sovereignity.


Sparta won in the end.


Tbh, i wouldnt like to live under a social credit system ;(

[El duderino_]

via Imgflip Meme Generator

A WO LFC_bitcoin and micgoossens approved white russian

Let it be good

 

[makrospex]

I find your posts useful.  And mostly you do not quote the more egregious content.  

However it is harder to crack down on new posters for quoting roach’s particularly bad content when you freely quote the other stuff.  

Thank you for considering this request.

In my case as "new" user on WO, just as example, roach was ignored after about my fifth attempt to initiate a bilateral on-topic discussion.
Almost aways this ended in one-liners that led off topic and were just as absurd.
The amount that roach postings are quoted is fine for me, but reading through all his repetitive bullshit was too much for me to enjoy reading WO.

Good night at $11.825  

[El duderino_]

via Imgflip Meme Generator

WO’s getting drunk, r0ach keep wrestling the old snake

Life of the coiners

[jojo69]

This is big.

Blockstream Reveals Massive Bitcoin Mining Facilities, Fidelity An Early Customer

Kyle Torpey at least knows how to edit.

Yeah, I dunno. What do the last three paragraphs have to do with Blockstream having large mining power?

Dude.

I am reduced to handing out credit for the simple lack of glaring errors in spelling or syntax.  I don't like it any better than you do.

[HairyMaclairy]

reaching 70% dominance. on cmc, which was always rigged in favour of alts.

BTC dominance was always over 80% until the BCH split happened. From that moment on. Or better to say a bit before that, was always uncertainty. Not just BCH steal dominance but also ETH, which many considered as BTC version two. But it ended just as a platform to crowdfund founds with illegal securities.  And it seems it lasted for two whole years.

There was an explosion of ICOs at that time. The BCH fork wasn’t a driver.

From end of 2017 Feb to mid 2017 Jun, BTC dominance plunged from over 85% to below 40%.
https://coinmarketcap.com/charts/#dominance-percentage

The beginning of 2017 is when blocks started becoming persistently full.
https://bitinfocharts.com/comparison/bitcoin-size.html

The loss of dominance was due neither to BCH nor ICOs. 'Twas the Blockalypse. Or more precisely, Blockalypse I.

Nice try.

It was the ICO boom of 2017 driving up the price of ETH to 35% market dominance.  

ICOs and token sales became popular in 2017. There were at least 18 websites tracking ICOs before mid-year.[12] In May, the ICO for a new web browser called Brave generated about $35 million in under 30 seconds.[citation needed] Messaging app developer Kik's September 2017 ICO raised nearly $100 million. At the start of October 2017, ICO coin sales worth $2.3 billion had been conducted during the year, more than ten times as much as in all of 2016.[13][14] As of November 2017, there were around 50 offerings a month,[15] with the highest-grossing ICO as of January 2018, being Filecoin raising $257 million (and $200 million of that within the first hour of their token sale).[16]

https://en.wikipedia.org/wiki/Initial_coin_offering

Nice try, indeed.

Your timeline does not match up. Your wiki 'evidence' says nothing about pre-May. By 2017 May 1, BTC's dominance had already been slashed from more that 85% in end of Feb to below 60%. Indeed, a look at a chart of cumulative ICO value per month counters your assertion:

https://cointelegraph.com/news/from-2-9-billion-in-a-month-to-hundreds-dead-trends-of-the-rollercoaster-ico-market-in-18-months

One can quite clearly see that there was comparatively very little taken in by ICO's by the time 2017 Jun rolled around - and that BTC dominance had already nosedived to below 40%.

You know what timeline does match up with the plunge in market dominance? Blockalypse I.

You can try to bend history around - but we were all there and lived it.

It was the peak hype of Ethereum as a world computer - and hundreds of ICOs were marketing.  

You need to give up shilling your shitcoin

[jojo69]

Members here can chose to ignore me if they believe that to be helpful to their own use - regarding how much I quote that lame-brain and any value (or not) that they find therein.

indeed

actually the novelty of your fancy avatar glasses has rather worn off...

[heslo]

I know you'll hate me for this but is this the right time to get some shitcoins?   Maybe with the 0.5% of the crypto portfolio? It can surely go down a lot more but what if It goes up?  

XMR and LTC looks so cheap. Especially LTC. Shiet it is 0.007. I dumped mine at somewhere around 0.016 or 0.018 Wew! Feelsgood man. I can get back more than double of what I sold now but not sure If i really want them.

There will be a price point, it will become so cheap, some people won't be able to resist, no matter how pointless and shitty these alts are. It is all part of the speculation.

Maybe It is better to wait for the BTC ATH before making that decision and only then invest %1-3 in shitcoins.

*No need to mention: the aim is to get more bitcoins without getting bamboozled by the altcoin hodlers.
** I have that fuckface on ignore and I never ever read the post that quoted him. I advise you to do the same.

For me, the only alt I really bother with is XMR. I believe in that project and I like the devs.Been a great community from the start and continues to be so. I'd pick up some XMR if I were you and also maybe some LTC although technically I find it less interesting. Either way BTC is still the king

[JayJuanGee]

reaching 70% dominance. on cmc, which was always rigged in favour of alts.

BTC dominance was always over 80% until the BCH split happened. From that moment on. Or better to say a bit before that, was always uncertainty. Not just BCH steal dominance but also ETH, which many considered as BTC version two. But it ended just as a platform to crowdfund founds with illegal securities.  And it seems it lasted for two whole years.

There was an explosion of ICOs at that time. The BCH fork wasn’t a driver.

From end of 2017 Feb to mid 2017 Jun, BTC dominance plunged from over 85% to below 40%.
https://coinmarketcap.com/charts/#dominance-percentage

The beginning of 2017 is when blocks started becoming persistently full.
https://bitinfocharts.com/comparison/bitcoin-size.html

The loss of dominance was due neither to BCH nor ICOs. 'Twas the Blockalypse. Or more pecisely, Blockalypse I.

1)   jbreher's arguments above should serve as evidence that there is still a decent amount of stubborn hopium regarding the presentation of a bitcoin is broken narrative

It's not hopium. Quite the opposite. It's lamentation, you numbskull.

Lamentation filled with hopium.  For example, "I wished bitcoin was broken in order that bitcoin supporters would be more receptive to making a lot of worthless changes in order that bitcoin becomes easier to change, merely for the sake of change"  or     "It sucks that bitcoin works so well, but I will make shit up, anyhow.. hoping and hoping and hoping to my lamenting content that some shit will stick to the wall....."  

2) spammer BIG blockers like to conveniently forget how much resources they were pumping into spamming BTC's blockchain in mid to late 2017

Yet the fall off the cliff -- as clearly described above -- was early 2017. So, nice try, no gold star.

Yeah.. right.  As if someone died and put you in charge of determining relevant facts including weight to facts and appropriate conclusions to draw from such facts.

I already responded both that your facts are not correct and also, even if they were correct, segwit made a decent dent into the issue, lightning launched in early 2018, and fees and transaction times have largely returned to normal since early 2018 - so you, dumbass (or fellow numbskull) are referring to nearly three year old events, if the blockchain was starting to fill up in early 2017 like you asserted, but I am not going to grant that bullshit assertion to you either because throughout 2017, I did a lot of transactions on bitcoin, and I did NOT have any materially high fees nor slow transaction times for that whole time until after it had been propagandized all fucking year, even though it was a non-issue until between December 2017 and January 2018.  You fuck.  

TLDR:  You are continuing to make shit up in order to march forward with your ongoing replaying of inaccurate narratives that bitcoin is broken and to propose that you dumbasses (or numbskulls) have figured out some kind of solution for bitcoin's supposed (but not actually existing) brokenness to make BIG ASS blocks - which is even dumber than dumb as a solution (even though it sounds good to newbies), and most people who are half aware of bitcoin basics realize that by now.

[jojo69]

feels pumpy

I'm calling defcon 2 and moving to 5 minute candles

[JayJuanGee]

feels pumpy

I'm calling defcon 2 and moving to 5 minute candles

"pumpy" as in up or down?

You mean that we are not going to get down before up?

You mean up before down?

Or just up before up?

[xhomerx10]

via Imgflip Meme Generator

 I just sent 7 euro to top up my vodafon and the tx cost a little over 8 euro cents.  It was included in the next block.

 By the way, nice pic of you and LFC in front of a Bitcoin shop in Amsterdam.  I'm flying through there shortly

 

[HairyMaclairy]

feels pumpy

I'm calling defcon 2 and moving to 5 minute candles

Soon^TM

[lightfoot]

Sparta won in the end.

Tbh, i wouldnt like to live under a social credit system ;(

In this case I doubt it. The Chinese are amazing copiers but they have the innovation ability of a box of hammers.

The US lets them copy last years' technology. If they didn't, the Chinese might have to innovate something.

That's the real threat.

[hd49728]

I discovered interesting fact. Wall Observer is the biggest thread in the forum, and many users visited to read, or joined discussion here (from Newbies to Legendary members). However, the vote  (last round) shows only 113 voters. Where are others? Why did you not join the vote?

[VB1001]

Hodling Bitcoin has been profitable for 3817 days out of a total of 3869 days. That's 98.66% of bitcoin's history.

Green shows where buying bitcoin has been profitable.

The only people that have actully lost money with bitcoin, have just been impatient.

https://twitter.com/Rhythmtrader/status/1159862572973285380

Good morning WO,s

Bitstamp +/- 11800
CMC BTC Dominance 69.6%

[VB1001]

How the New Erlay Protocol Could Speed Up the Bitcoin Network

Bitcoin users are more secure if they use full Bitcoin nodes, and the overall Bitcoin network is healthier if they do, too. To encourage this, resource requirements to run a full node should be kept low, including the bandwidth required.

Erlay is a new proposal that could help reduce bandwidth requirements. It was developed by University of British Columbia researchers Gleb Naumenko, Alexandra Fedorova and Ivan Beschastnikh; Blockstream engineer Pieter Wuille; and independent Bitcoin Core contributor Gregory Maxwell.

https://bitcoinmagazine.com/articles/how-the-new-erlay-protocol-could-speed-up-the-bitcoin-network

[AlcoHoDL]

via Imgflip Meme Generator

I just sent 7 euro to top up my vodafon and the tx cost a little over 8 euro cents.  It was included in the next block.

And yet, the big blocker lunatics keep insisting that we should increase the block size, not gradually, by a mere few MB at a time, and as needed by current demand, but simply make it infinite, just because they think "bigger is better"... See, they want to insert movies, weather data and other weird stuff in the blockchain for some reason, forcing them to be stored and preserved forever in every network node. It's like Twitter having an unlimited post length. Just imagine what would happen to the network...

Fear not, the good thing about Bitcoin is that it's essentially (in a very broad sense), a self-regulating entity that adapts to its environment. It's a Darwinian "survival of the fittest" case. Those mutated, deformed, unfit coin monstrosities will eventually die off, and only the fittest will survive.