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

[bassclef]

XCP / Counterparty if you really need to take on more risk.

No miners, no bagholders waiting to unload. 2.6 million were created by burning BTC. It's technically not even an altcoin.

[hdbuck]

XCP / Counterparty if you really need to take on more risk.

No miners, no bagholders waiting to unload. 2.6 million were created by burning BTC. It's technically not even an altcoin.

Burning BTC?! i call it crypto-satanism.

[coins101]

XCP / Counterparty if you really need to take on more risk.

No miners, no bagholders waiting to unload. 2.6 million were created by burning BTC. It's technically not even an altcoin.

Burning BTC?! i call it crypto-satanism stupid fucks with no fucking idea.

there, fixed it for you. you had a couple of typos.

[JorgeStolfi]

The article I cited does not mention corruption at all.  It just describes the way asset forfeiture works in the US currently.  It's not corruption if it's not illegal, right?

Indeed...

When I was a kid, the optimists here used to say "Brazil is the country of the future". 

 Now it is the pessimists who say that. 

[Le Happy Merchant]

So this is one hell of a consolidation. Most beautiful chart pattern I have seen in Bitcoin.

[derpinheimer]

How much shilling and promoting of a scam-coin/protocol does one have to do to get banned?

I agree it needs to go away. I don't care if their intention is genuine in that they want to help (us) get rich. It does not belong here.

If you end up being right about ripple succeeding? Great! But we don't care.

[bassclef]

XCP / Counterparty if you really need to take on more risk.

No miners, no bagholders waiting to unload. 2.6 million were created by burning BTC. It's technically not even an altcoin.

Burning BTC?! i call it crypto-satanism.

Didn't peg you as the religious type. It's pretty clever actually, and it makes BTC worth a little more.

[ChartBuddy]

Explanation

[hdbuck]

XCP / Counterparty if you really need to take on more risk.

No miners, no bagholders waiting to unload. 2.6 million were created by burning BTC. It's technically not even an altcoin.

Burning BTC?! i call it crypto-satanism.

Didn't peg you as the religious type. It's pretty clever actually, and it makes BTC worth a little more.

well tbh if people were indeed crazy enough to burn 2,6m BTCs (whatever it means), it will eventually make mine worth more.

[noobtrader]

...

So basically the same as Bitcoin.
I have no clue how Ripple works. Do they also have traders who are trying the destroy it?

Compare btc and xrp 1d charts. Look at the last 4 months. XRP is headed towards the moon, while Bitcoin is destined to remain stuck in Earth's gravity.  IT IS A SCIENTIFIC FACT.

And yes, all downward xrp movements are a result of manipulative attempts to suppress genuine demand. This is the exact opposite of how bitcoin works.

unless btc is has a limited supply and ripple has no limit (the reason that bank is happy)

[mah87]

bitcoin will go nowhere without banks.

[Walsoraj]

bitcoin will go nowhere without banks.

ok

[hmmkay]

bitcoin will go nowhere without banks.

Banks will go nowhere without bitcoin.

[jonoiv]

XCP / Counterparty if you really need to take on more risk.

No miners, no bagholders waiting to unload. 2.6 million were created by burning BTC. It's technically not even an altcoin.

Burning BTC?! i call it crypto-satanism.

Didn't peg you as the religious type. It's pretty clever actually, and it makes BTC worth a little more.

well tbh if people were indeed crazy enough to burn 2,6m BTCs (whatever it means), it will eventually make mine worth more.

I guess burning 2124 BTC does show commitment.  Personally I would have rather had the cash

However it's effectively a decentralized ripple from what i read and will hopefully cripple ripple.   I would rather trust counter-party who committed there own funds, to a scam coin where they effectively premined and kept 45%.

Ripple is a scam.

[hmmkay]

XCP / Counterparty if you really need to take on more risk.

No miners, no bagholders waiting to unload. 2.6 million were created by burning BTC. It's technically not even an altcoin.

Burning BTC?! i call it crypto-satanism.

Didn't peg you as the religious type. It's pretty clever actually, and it makes BTC worth a little more.

well tbh if people were indeed crazy enough to burn 2,6m BTCs (whatever it means), it will eventually make mine worth more.

I guess burning 2124 BTC does show commitment.  Personally I would have rather had the cash

However it's effectively a decentralized ripple from what i read and will hopefully cripple ripple.   I would rather trust counter-party who committed there own funds, to a scam coin where they effectively premined and kept 45%.

Ripple is a scam.

He said 2.6m XCP were created. X amount of BTC were 'burned'. Not sure how you can 'burn' BTC though..

[hdbuck]

XCP / Counterparty if you really need to take on more risk.

No miners, no bagholders waiting to unload. 2.6 million were created by burning BTC. It's technically not even an altcoin.

Burning BTC?! i call it crypto-satanism.

Didn't peg you as the religious type. It's pretty clever actually, and it makes BTC worth a little more.

well tbh if people were indeed crazy enough to burn 2,6m BTCs (whatever it means), it will eventually make mine worth more.

I guess burning 2124 BTC does show commitment.  Personally I would have rather had the cash

However it's effectively a decentralized ripple from what i read and will hopefully cripple ripple.   I would rather trust counter-party who committed there own funds, to a scam coin where they effectively premined and kept 45%.

Ripple is a scam.

He said 2.6m XCP were created. X amount of BTC were 'burned'. Not sure how you can 'burn' BTC though..

yea i realized my mistake but still, im just a bitcoiner.

[billyjoeallen]

So this is one hell of a consolidation. Most beautiful chart pattern I have seen in Bitcoin.

It's called a "descending wedge" and I've seen them many times. They almost always break lower.

[silverfuture]

B/bitcoin has excelled to this point (market cap) with nothing but resistance from the banks, media, liberal economists, and trolls. It also continues to absolutely dominate all of it's competition in altcoins by a long shot. If you search the keyword "bitcoin" for recent news.. you get lots of hits, search "ripple" and it's crickets chirping time.  Bitcoin is king of crypto and I expect it will remain so. That doesn't mean there isn't some room for others for a little while.  

"Back suggested that developers should keep in mind that competing systems will need to replicate bitcoin's network effect, something he said would be a challenge to any project seeking to replicate aspects of what bitcoin's technology can provide.

"Once something takes hold and gets going, it makes more sense to focus on and build around and on top of that, and we feel that sidechains are the best way to do that," he said.   "

As far as the wall observing goes, I'm bullish as fuck with a long term focus.

[ChartBuddy]

Explanation

[fabrizio123]

So this is one hell of a consolidation. Most beautiful chart pattern I have seen in Bitcoin.

It's called a "descending wedge" and I've seen them many times. They almost always break lower.

What you mean? I know that descending wedge is a bullish sign while rising wedge is bearish