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

[adamstgBit]

...
if a government changes mind and to integrate its currency with bitcoin technology, what will happen to bitcoin( the coin)? Anyone give comment on such scenario?

what governments do doesn't matter, where there is the internet there is bitcoin; governments that understand the potentials benefits and  allow / encourage  bitcoin will be better off... everyone is better off simply because bitcoin exist today, what governments do or say doesn't matter.

[klee]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.

I would never call the end of some alt too early, those little suckers are full of nasty surprises!  

Once upon a time, the majority of crypto investors had not experienced the burning side of a p&d.  Not true now.  Today, to have staying power, at a leading tier marketcap, a coin has to have compelling features.  LTC does not.  I expect DRK to fail on its snake-oil promises, eventually, but I expect it to outperform LTC by a nautical mile for a long while, perhaps forever.

Yes, LTC has historically lagged BTC and overshot its spikes.  I expect most of that positive beta will be embodied by other alts with better distinctives this time.  NXT and MRO are obvious candidates (leaving DRK aside for the moment).

A couple of weeks back you were more skeptical about NXT. What changed your mind, if indeed it has changed?

NXT Asset Exchange + BIG community backing it...

[ChartBuddy]

Explanation

[aminorex]

A couple of weeks back you were more skeptical about NXT. What changed your mind, if indeed it has changed?

Just now, I was referring to the gains during a btc bubble due to positive beta.  I am admitting the possibility that NXT may be a beneficiary of that.  As windjc said, it is a leading candidate for 2.0 applications.  That creates a speculative attraction.

2.0 applications are a much more speculative thing, however, as compared to the 1.0 use as liquidity vehicle.  NXT has no distinctives in that tier, and cannot be expected to displace BTC from its primary niche as a transparent vehicle of liquidity.  My skepticism of NXT is skepticism that it can make gains in the dominant present use of crypto.  In the 1.0 space, I think anonymity is the only meaningful distinctive, which can provide meaningful added value.  

I am biased away from speculative potentials (which would tend to favor NXT) and towards manifest fundamentals (which I deem to favor MRO).  But I may buy some NXT in order to benefit from the beta slingshot, nonetheless.  Probably not more than 2% of my crypto at this point.

I think NXT is likely to be more stable than any other crypto.  By which I mean an excellent Sortino ratio.  I would consider it one of the most conservative investments in crypto.  BTC would be the most conservative.

[Threebits]

...
if a government changes mind and to integrate its currency with bitcoin technology, what will happen to bitcoin( the coin)? Anyone give comment on such scenario?

what governments do doesn't matter, where there is the internet there is bitcoin; governments that understand the potentials benefits and  allow / encourage  bitcoin will be better off... everyone is better off simply because bitcoin exist today, what governments do or say doesn't matter.

It does matter, in my opinion. Hostile or skeptical government is a good thing for bitcoin, as it gives time for bitcoin to grow, to overtake altcoins. If one of the governments turns and integrates its currency with bitcoin technology, the "integrated fiat" will overtake bitcoin.

Clearly, if that happens, people in this thread won't get rich through the venture.

[freebit13]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.

I would never call the end of some alt too early, those little suckers are full of nasty surprises!  

Once upon a time, the majority of crypto investors had not experienced the burning side of a p&d.  Not true now.  Today, to have staying power, at a leading tier marketcap, a coin has to have compelling features.  LTC does not.  I expect DRK to fail on its snake-oil promises, eventually, but I expect it to outperform LTC by a nautical mile for a long while, perhaps forever.

Yes, LTC has historically lagged BTC and overshot its spikes.  I expect most of that positive beta will be embodied by other alts with better distinctives this time.  NXT and MRO are obvious candidates (leaving DRK aside for the moment).

I must admit, it's not looking good for LTC: https://bitcoinwisdom.com/markets/btce/ltcbtc

[GameStarter]

Talking about Altcoins , what do you think about Blackcoin guys?

[aminorex]

Talking about Altcoins , what do you think about Blackcoin guys?

One of the best pump & dumps in history.  Not the most lucrative, but the most elegant.  Total crap as a cryptocurrency, however.

[cbeast]

Talking about Altcoins , what do you think about Blackcoin guys?

They won't work.

[igorr]

Fraudcoin is the best

[seleme]

WONDER IF IGORR WOULD EVER REALIZE HE IS TALKING TO HIMSELF HERE... shit, caps

[igorr]

WONDER IF IGORR WOULD EVER REALIZE HE IS TALKING TO HIMSELF HERE... shit, caps

Why did you injured ?
Perhaps because is a fraud uncovered ?

or.....

Maybe it comes time,
just exchange, crypto for crypto, money for money !

[MatTheCat]

WONDER IF IGORR WOULD EVER REALIZE HE IS TALKING TO HIMSELF HERE... shit, caps

Ah Seleme old bean!

How is that Alt-Coin collection doing?

A couple of hundred $K in ShitAlt-coins you had last time you flashed your portfolio around!

 

[SirChiko]

Come on guys these "Willy" news could be manipulated easily, on reddit i've seen people claiming missing even 10% of their stats on mtgox.

[seleme]

WONDER IF IGORR WOULD EVER REALIZE HE IS TALKING TO HIMSELF HERE... shit, caps

Ah Seleme old bean!

How is that Alt-Coin collection doing?

A couple of hundred $K in ShitAlt-coins you had last time you flashed your portfolio around!

 

Could be better, could be better  .

But reason why those couple of hundreds were there is because I was patient enough with shitcoins, something you failed with bitcoins at 10$ piece Mr. Mathadshat 

[igorr]

Come on guys these "Willy" news could be manipulated easily, on reddit i've seen people claiming missing even 10% of their stats on mtgox.

Who is next ?
https://www.youtube.com/watch?v=ob9Ak1t09Ao

[hd060053]

Come on guys these "Willy" news could be manipulated easily, on reddit i've seen people claiming missing even 10% of their stats on mtgox.

its not manipulated, i watched these bot movements too. I observed them at real time. The thing with the bot movements is true.

Lot of traders saw it realtime and commented on it, now this guy wrote a nice summary.

[KFR]

Meanwhile... http://www.coindesk.com/facebook-integrated-wallet-makes-sending-bitcoin-easy-messaging/

[YogoH]

Markers on volume bars was willy.

Taken from reddit

[Adrian-x]

Litecoin seems to be firmly uncoupled from bitcoin now (if that's not an oxymoron). Doge also falling. Dark days ahead for both?

It was the same in the last BTC runup. First, LTC was falling and falling, LTC doomsday prophecies were filling the air.
"LTC is dead!!!" and so on. Then, the LTC/BTC ratio suddenly jumped from 0.0075 to 0.05 in a matter of 1 week !!!
Same with many of the other alts.

I would never call the end of some alt too early, those little suckers are full of nasty surprises!  

Once upon a time, the majority of crypto investors had not experienced the burning side of a p&d.  Not true now.  Today, to have staying power, at a leading tier marketcap, a coin has to have compelling features.  LTC does not.  I expect DRK to fail on its snake-oil promises, eventually, but I expect it to outperform LTC by a nautical mile for a long while, perhaps forever.

Yes, LTC has historically lagged BTC and overshot its spikes.  I expect most of that positive beta will be embodied by other alts with better distinctives this time.  NXT and MRO are obvious candidates (leaving DRK aside for the moment).

A couple of weeks back you were more skeptical about NXT. What changed your mind, if indeed it has changed?

NXT Asset Exchange + BIG community backing it...

Don't go putting all your eggs in the NXT basket, given its origin it has a rather concentrated initial distribution, I may go so far as to relate it to ripple, then there is the Kenzan paradox of thrift, the paradox is managed in fiat with money inflation discouraging saving, NXT rewords Savings and encourages the paradox to the detriment of it as a useful means of exchange and ultimately a store of value.  I have yet to see other functionality to counterbalance this but it may exist or emerge.