Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16219. (Read 26610925 times)

If I misunderstand the jist of your post, then maybe you could clarify such supposed misunderstanding?


I am suggesting that you are giving way too much fucking weight to the importance of alts, yet I do not claim to know the exact percentage of importance  - of alts, except for making the claim that you are giving too much weight to them in your suggestion that somehow bitcoin is dependent on the performance of alts in order to perform well.  Sure, I will give it to you that there is a symbiotic relationship going on that likely feeds both ways - but suggesting some kind of whiny hope that bitcoin folks better hope that alts perform well, otherwise the performance of bitcoin will be mediocre.. blah blah blah.. ... again... bitcoin is the dog, here.. not the tail...

Now, if I got this wrong, then please clarify.

Regarding my trading practice or abilities, I am doing just fine.  Thanks for asking.  Sure, my overall portfolio does better if BTC prices go up (that is why I invest in bitcoin and accumulate bitcoin), yet on the other hand, my portfolio also profits from volatility (and I presume that there is going to be a certain amount of volatility). 

Even though sometimes, I may make some short term BTC price predictions, my BTC trading strategy is barely altered by any of my anticipations and I largely just keep the same strategy no matter what the price direction.  In that regard, the totality would have been doing wonderful with BTC prices at $1k; however, currently we got about 3.8x greater prices, so my BTC portfolio is doing about 3.8x above wonderful and a lot of icing on the cake and a lot of margin for BTC prices to go down, if they end up going down.  In any event, I do watch some of the alts, from time to time, but believe that largely I do not really need to know a whole hell-of-a-lot about alts in order to keep up with my current trading practice and remain profitable and even flippantly reject your seemingly tail wagging the dog crypto hypothesis.     

Nope without sidechains.bitcoin cannot.expand usecases horizontally across markets. This is why alts exist and this is why the famous reddit posts.about how the announcement of sidecbains by blockstream devs were to officially kill any hope for alts will go down in in history as a fairly important and large scale miscalculation of this market dynamics. Well ofcourse sidechains were put on hold and alts gained vs btc because of the reason that some or a few actually do provide utility. We are still early on the curve so any short term blunders in price have no affect on fundamentals which are the true driver of any market. My thinking is that aslong as the macro trend is still intact regards to alts vs btc that the whole market remains bullish until that trend breaks. I leave the exercise to you on figuring out why.

You misunderstand the jist of my post. Its not.about that at all. Try to think.a bit more.about it. Put your.thinking cap one.if you got one.

 If you dont understand the true fundamentals driving this market and you are trading (assuming you are if your here) then your investing blindly.. that person is not any better than roach the infamous blind bat that doesnt understand how money works.

Well, whatever is the proper term, we do not need a bunch of these ICOs that are claiming to be able to do something better than bitcoin.. whether it is a sidechain or some other technical way in which a lot of the various proposed functionality (to the extent that they are valuable within bitcoin and blockchain) will likely become part of bitcoin or some kind of related bitcoin appendage.

Don't be ridiculous.  A 20% to 50% fall in various alts (or even in the alt market overall) is not necessarily going to have any real dampening effect on bitcoin.   In other words there does not have to be a direct correlation (nor causation) for bitcoin to appreciate 50% or 100% in the coming weeks.

You are trying to act as if the tail wags the dog, and dogs just don't work like that (and neither do tails).    

^quarterly forks?    lmao

You are pie in the sky simplistic, CristiTCM, if you believe that the only (or the significant) reason for the current BTC price rise is the upcoming hardforks... GET A GRIP...   

^"blood in the streets" for ~90% of shitcoins    weeee

There we go, everyone feeling a bit better now? Unless you sold of course.
Couldn't resist, Bought back into BCH for the bounce and out again.  Thanks for playing!

If we can just go up to $6k and then btc2 can be worth $4k at split before it crashes, that'd be great. Mkkaaaaayy!?!?!

It would be frustrating if you are buying into the altcoin hype, and really believe their pump and dump bullshit, and you don't get out in time.. also frustrating if you really believe that this is the "bottom" of the altcoin dump.

I am not saying that I know for sure which way this thing is going because surely the alts can be pumped again, but you gotta think a bit more critically, if you are really so suggestive as to put more than half of your crypto allocation into alts.. I personally put over 95% into bitcoin; however, I can understand if someone might want to put 20% or 30% into alts.. yet I would still consider 50% or more to be quite a stretch and even crazy (and wishful gambling thinking) to be allocating in the 80% or more territory into alts (unless you really have some clairvoyant insight or inside connection).

We are not "last time."   

We are this time.   

This time is different from last time, and we are more than 5 weeks older, too...   

My how time flies (and changes) when you are having fun.   

https://bitcointalksearch.org/topic/m.20443261

 

bears running scared

ATH is coming, again..

Well, this is a no joke situation and I mention the $6000 price range per bitcoin because the demand for seems to be high cause the price was at $4712 20 mins and now $4818 per bitcoin.

 We´re going through 5000 like butter this time, just like that.
McAfee, we´re coming !

BTC===>$1OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO weeeeee

$20.000 would be cool... but $21.000 is even better. Simple arithmetics.