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

[marcus_of_augustus]

Ripple solved a problem Bitcoin had since the Gox-Fuckup. People can buy Ripple directly at their bank. No shady east-european exchanges, no problems of trust.

yeah, solving the trust problem was what ripple did ... 

... and even in the worst prisons the guards are trusted.

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[rebuilder]

better to buy ripple now?

+19% in 24 hours?

Where can I short XRP?

[God27]

better to buy ripple now?

+19% in 24 hours?

Where can I short XRP?

Too late it came down from 30%, it will stay here till 2am est and go up again....grrrr

[ChartBuddy]

Explanation

[Tzupy]

Volume in China is down, as usual for these hours, I think they are asleep.

OTOH, where can I see some ripple charts? You know, with market indicators that make bitcoin price relatively predictable?

[Fatman3001]

Don't the ripple crowd have their own forum??

[ImI]

Ripple solved a problem Bitcoin had since the Gox-Fuckup. People can buy Ripple directly at their bank. No shady east-european exchanges, no problems of trust.

yeah, solving the trust problem was what ripple did ... 

... and even in the worst prisons the guards are trusted.

lol

we speak of different kinds of "trust". in a bigger scale you are right, nevertheless means buying your crytocurrency at your local bank for the average customer obv a BIG advantage against bitcoin. since the gox-fuckup the inner-bitcoin-circle wasnt able to rebuild the lost trust. as the complete management of the gox-fuckup was a disaster in terms of PR.

[marcus_of_augustus]

Ripple solved a problem Bitcoin had since the Gox-Fuckup. People can buy Ripple directly at their bank. No shady east-european exchanges, no problems of trust.

yeah, solving the trust problem was what ripple did ... 

... and even in the worst prisons the guards are trusted.

lol

we speak of different kinds of "trust". in a bigger scale you are right, nevertheless means buying your crytocurrency at your local bank for the average customer obv a BIG advantage against bitcoin. since the gox-fuckup the inner-bitcoin-circle wasnt able to rebuild the lost trust. as the complete management of the gox-fuckup was a disaster in terms of PR.

Let's keep things in perspective shall we? 2008 banking and financial crises were a PR disaster for the fiat centralised banking scam ... Mt. Gox was a japanese kabuki comedy routine, sucks if you got caught up in the pantomine but there was plenty of warning.

[ImI]

Ripple solved a problem Bitcoin had since the Gox-Fuckup. People can buy Ripple directly at their bank. No shady east-european exchanges, no problems of trust.

yeah, solving the trust problem was what ripple did ... 

... and even in the worst prisons the guards are trusted.

lol

we speak of different kinds of "trust". in a bigger scale you are right, nevertheless means buying your crytocurrency at your local bank for the average customer obv a BIG advantage against bitcoin. since the gox-fuckup the inner-bitcoin-circle wasnt able to rebuild the lost trust. as the complete management of the gox-fuckup was a disaster in terms of PR.

Let's keep things in perspective shall we? 2008 banking and financial crises were a PR disaster for the fiat centralised banking scam ... Mt. Gox was a japanese kabuki comedy routine, sucks if you got caught up in the pantomine but there was plenty of warning.

agree again. nevertheless i am just explaining the rise of ripple and thats one part of its success. you can obv say that ripple is centralized or whatsoever. only, it doesnt matter. in the end all what matters is which system gains mainstream-trust and gets track in the financial world and which system gains markets trust.

if ripple succeeds and outperforms bitcoin you can tell yourself whole day long that bitcoin is theoretically the better system and that this shouldnt have happend.

i am not a ripple fanboy and am still in btc for the biggest part, nevertheless to ignore the needs of the average customer/user wont help bitcoin.

[Richy_T]

Let's keep things in perspective shall we? 2008 banking and financial crises were a PR disaster for the fiat centralised banking scam ... Mt. Gox was a japanese kabuki comedy routine, sucks if you got caught up in the pantomine but there was plenty of warning.

But the banks already have a shitty image and the governments just printed up a bunch of money to help them out of their hole anyway. Gox definitely didn't help us any (I'm not certain that it did as much harm as some claim though). Really, the price has got ahead of the fundamentals and there's a mining bubble going on. We could have more to slide yet but I'm not that concerned for the future of Bitcoin yet. If we can be up 100 or so in the next 3 months and adoption continues then I'll be holding out for the next halving before drawing more solid conclusions.

[Richy_T]

agree again. nevertheless i am just explaining the rise of ripple and thats one part of its success. you can obv say that ripple is centralized or whatsoever. only, it doesnt matter. in the end all what matters is which system gains mainstream-trust and gets track in the financial world and which system gains markets trust.

You may not be wrong in the short to medium term but in the longer term, we see what happens with trust: Assholes get in and abuse it. Ripple may or may not have a place but it is not doing the same thing as Bitcoin.

[conspirosphere.tk]

it's still up against Rubles though:

[marcus_of_augustus]

Ripple solved a problem Bitcoin had since the Gox-Fuckup. People can buy Ripple directly at their bank. No shady east-european exchanges, no problems of trust.

yeah, solving the trust problem was what ripple did ... 

... and even in the worst prisons the guards are trusted.

lol

we speak of different kinds of "trust". in a bigger scale you are right, nevertheless means buying your crytocurrency at your local bank for the average customer obv a BIG advantage against bitcoin. since the gox-fuckup the inner-bitcoin-circle wasnt able to rebuild the lost trust. as the complete management of the gox-fuckup was a disaster in terms of PR.

Let's keep things in perspective shall we? 2008 banking and financial crises were a PR disaster for the fiat centralised banking scam ... Mt. Gox was a japanese kabuki comedy routine, sucks if you got caught up in the pantomine but there was plenty of warning.

agree again. nevertheless i am just explaining the rise of ripple and thats one part of its success. you can obv say that ripple is centralized or whatsoever. only, it doesnt matter. in the end all what matters is which system gains mainstream-trust and gets track in the financial world and which system gains markets trust.

if ripple succeeds and outperforms bitcoin you can tell yourself whole day long that bitcoin is theoretically the better system and that this shouldnt have happend.

i am not a ripple fanboy and am still in btc for the biggest part, nevertheless to ignore the needs of the average customer/user wont help bitcoin.

People get the money and leaders they deserve for the most part.

... they are free to believe whichever con-artists they choose, if that is bankster-backed ripple, centralised fiat scams, CNN CNBC so be it. The masses get duped and ripped off at every turn because they choose to be ignorant, brain-washed by manipulative venal controllers and ultimately fleeced, that is their choice.

... if you want to pump ripple you should get a twitter or facebook account, that is where you will find most of the gullible rubes, not so much here.

[ElectricMucus]

bankster-backed ripple, centralised fiat scams

boohooo

e: NICE!

[ChartBuddy]

Explanation

[podyx]

Regardless of how much I hate Cripple, I have to concede that it's the only digital asset I've seen that isn't strictly correlated with Bitcoin, at least during this last period. And if this trend continued such that XRP price climbs beyond all time highs which were set long ago (priced in BTC), then it would actually become a danger for Bitcoin as an asset.

Thinking about all the people who "diversified" into other altcoins thinking it's a hedge, and I have to laugh.

Hedging against BTC with LTC

[Fatman3001]

Ripple solved a problem Bitcoin had since the Gox-Fuckup. People can buy Ripple directly at their bank. No shady east-european exchanges, no problems of trust.

yeah, solving the trust problem was what ripple did ... 

... and even in the worst prisons the guards are trusted.

lol

we speak of different kinds of "trust". in a bigger scale you are right, nevertheless means buying your crytocurrency at your local bank for the average customer obv a BIG advantage against bitcoin. since the gox-fuckup the inner-bitcoin-circle wasnt able to rebuild the lost trust. as the complete management of the gox-fuckup was a disaster in terms of PR.

Let's keep things in perspective shall we? 2008 banking and financial crises were a PR disaster for the fiat centralised banking scam ... Mt. Gox was a japanese kabuki comedy routine, sucks if you got caught up in the pantomine but there was plenty of warning.

agree again. nevertheless i am just explaining the rise of ripple and thats one part of its success. you can obv say that ripple is centralized or whatsoever. only, it doesnt matter. in the end all what matters is which system gains mainstream-trust and gets track in the financial world and which system gains markets trust.

if ripple succeeds and outperforms bitcoin you can tell yourself whole day long that bitcoin is theoretically the better system and that this shouldnt have happend.

i am not a ripple fanboy and am still in btc for the biggest part, nevertheless to ignore the needs of the average customer/user wont help bitcoin.

People get the money and leaders they deserve for the most part.

... they are free to believe whichever con-artists they choose, if that is bankster-backed ripple, centralised fiat scams, CNN CNBC so be it. The masses get duped and ripped off at every turn because they choose to be ignorant, brain-washed by manipulative venal controllers and ultimately fleeced, that is their choice.

... if you want to pump ripple you should get a twitter or facebook account, that is where you will find most of the gullible rubes, not so much here.

Yes, everyone else is stupid. And you see everything so clearly. How great it must be to be you. But if you are right I just wonder why all bitcoiners are lubing their asses every night before they go to bed.

[Erdogan]

care to explain how someone can do stupid things regardless of what happens next?

I cannot believe you do not understand this: It is stupid to increase your slippage cost, reduce your execution chances and increase your counter-party exposure by selling only on one single exchange. It does not matter what followed after. And in his case, the price actually rose for months afterwards, and he sold at the bottom. Had he had a modicum of sense execution wise and technicals wise, he'd have done much better.

Also, I don't believe he has another 30k because the way he sold showed that he was in a rush, for whatever reason. I'm sure you agree.

you didnt answer my question really and again you are questioning his trading methods.

you said that he was stupid to sell regardless of what happens next and I am asking to you what happens if price crashes to 100 $ levels?

Blitz is right. It is quite clear that the owner of those 30K+ coins were an amateur. Starting with dispensing coins in small portions. Got afraid when price went down, did not understand that he was reason for the downtrend. Dumped in despair several times. He must have understood at that point that his dumping was the problem, then offered the rest for 300. It was eaten after a few days.

The volume may be high, but by traders that sometimes sell, sometimes buy. If someone want in with a large number of fiat units, or out with a large number of coins, it moves the market. You can not stealth sell 30K+ coins in this market, even if 100K coins change hands in a day.

Conclusion: If you have 30K coins, you may think you are good for 10 mill USD, but you are not able to buy a 10 mill anything - yet.

[adamstgBit]

it's still up against Rubles though:

moral of the story:

ban bitcoins because you feel they are a threat to your "economic stability" and poeple gana panic buy....

bitcoin is not optional, is mandatory

[Lincoln6Echo]

agree again. nevertheless i am just explaining the rise of ripple and thats one part of its success. you can obv say that ripple is centralized or whatsoever. only, it doesnt matter. in the end all what matters is which system gains mainstream-trust and gets track in the financial world and which system gains markets trust.

You may not be wrong in the short to medium term but in the longer term, we see what happens with trust: Assholes get in and abuse it. Ripple may or may not have a place but it is not doing the same thing as Bitcoin.

Speaking of trust abuse: Remember who joined Ripple Labs Advisory Board in July? Yes, Mr. Karl-Theodor zu Guttenberg. He knows how to trick people and he knows how to keep up appearances. Perfect skills for Ripple Labs!  

For people who don't know him:

BERLIN—Germany's controversial ex-defense minister Karl-Theodor zu Guttenberg plagiarized swathes of his doctoral thesis "intentionally," according to the university that awarded him his doctorate.

source: http://www.wsj.com/articles/SB10001424052748704810504576307123104365338