Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17296.

droizs

full member

Activity: 151

Merit: 100

Quote from: Denker on May 05, 2017, 02:16:13 PM

Quote from: CoinHoarder on May 05, 2017, 01:13:08 PM

Quote from: Okurkabinladin on May 05, 2017, 01:05:06 PM

ETH will collapse the same way Litecoin collapsed back in 2013 just before final push that broke through 1000 dollars per Bitcoin All time high. It is very easy to change one bag for another. And unless bitcoin market share get under 40% it will have the kind of gravitational pull to rule sentiment of entire cryptocurrency market.

Thats not dissing of ETH in particular, merely observation. Long term, you might be right.

I agree with this. An ALT coin collapse is looming, because they have gone up in value way too much too fast compared to the actual value and usefulness they provide. I think the ALT coin crash will come at the same time that Bitcoin stops mooning and corrects its own value.... which will be soonish. I still expect new all time highs for Bitcoin in the coming days, but upwards of a month or more then I am not sure how long this bull run can last.

99% of the altcoins will crash that's for sure. But I'm not sure about Ethereum crashing though. That stuff is loved and backed by big companies and also banks! Yeah banks love ethereum! Guess we found our bankercoin here!

In terms of Bitcoin I will stay bullish as usual and hope the alts going down will be Bitcoin's fuel moving up towards $2000!

the good alts will crash short term if BTC crash...

also they will crash like BTC crashed over the years Grin

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

Denker

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Activity: 1442

Merit: 1016

Quote from: CoinHoarder on May 05, 2017, 01:13:08 PM

Quote from: Okurkabinladin on May 05, 2017, 01:05:06 PM

ETH will collapse the same way Litecoin collapsed back in 2013 just before final push that broke through 1000 dollars per Bitcoin All time high. It is very easy to change one bag for another. And unless bitcoin market share get under 40% it will have the kind of gravitational pull to rule sentiment of entire cryptocurrency market.

Thats not dissing of ETH in particular, merely observation. Long term, you might be right.

I agree with this. An ALT coin collapse is looming, because they have gone up in value way too much too fast compared to the actual value and usefulness they provide. I think the ALT coin crash will come at the same time that Bitcoin stops mooning and corrects its own value.... which will be soonish. I still expect new all time highs for Bitcoin in the coming days, but upwards of a month or more then I am not sure how long this bull run can last.

99% of the altcoins will crash that's for sure. But I'm not sure about Ethereum crashing though. That stuff is loved and backed by big companies and also banks! Yeah banks love ethereum! Guess we found our bankercoin here!

In terms of Bitcoin I will stay bullish as usual and hope the alts going down will be Bitcoin's fuel moving up towards $2000!

Meuh6879

legendary

Activity: 1512

Merit: 1012

Bitcoin, it's not a bubble.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: Okurkabinladin on May 05, 2017, 01:05:06 PM

ETH will collapse the same way Litecoin collapsed back in 2013 just before final push that broke through 1000 dollars per Bitcoin All time high. It is very easy to change one bag for another. And unless bitcoin market share get under 40% it will have the kind of gravitational pull to rule sentiment of entire cryptocurrency market.

Thats not dissing of ETH in particular, merely observation. Long term, you might be right.

I agree with this. An ALT coin collapse is looming, because they have gone up in value way too much too fast compared to the actual value and usefulness they provide. I think the ALT coin crash will come at the same time that Bitcoin stops mooning and corrects its own value.... which will be soonish. I still expect new all time highs for Bitcoin in the coming days, but upwards of a month or more then I am not sure how long this bull run can last.

Okurkabinladin

hero member

Activity: 574

Merit: 506

Quote from: podyx on May 05, 2017, 12:10:53 PM

Quote from: droizs on May 05, 2017, 12:03:24 PM

We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.

But after all, I think when that day come it will end up good for both parties in the long run.

Nah, ETH is literally around $500 in terms of bitcoin price/market cap

And it's gotten there by just piggybacking on bitcoin. Either way bitcoin is undervalued or ETH is overvalued. Both will result in ETH getting dumped on

ETH will collapse the same way Litecoin collapsed back in 2013 just before final push that broke through 1000 dollars per Bitcoin All time high. It is very easy to change one bag for another. And unless bitcoin market share gets under 40% it will have the kind of gravitational pull to rule sentiment of entire cryptocurrency market.

Thats not dissing of ETH in particular, merely observation. Long term, you might be right.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: JakaE on May 05, 2017, 12:29:22 PM

Minimal spread (~$30) between Stamp and Bitfinex. Any idea what's going on there?

bfx_brandon on reddit said:
We're aiming to have an official, public update posted by the weekend or on Monday.¨

so I guess we can expect an announcement in the next days.
He also claimed a a few days before that there is enough cash in the bank to cover every dollar on Bitfinex and every outstanding Tether.

Anyone dare to speculate on what the announcement could be and its effect on the price? Grin

If I had to guess... they were able to find a bank (or more) that was willing to process their bank transfers for them. I think this was bound to happen eventually, because someone is always willing to participate when there is money to be made... and banks like money! Maybe they will have more luck with credit unions than with banks??

This news will be very bullish. You should expect new all time highs!!! Cool

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: Hyperjacked on May 05, 2017, 12:32:17 PM

Quote from: jbreher on May 05, 2017, 12:23:12 PM

Quote from: Torque on May 05, 2017, 07:42:18 AM

And if anything, it should be a HUGE red flag to the alt lovers who think their special snowflake alt-du-jour is going to overtake Bitcoin. Because if they all got pumped, then they all can't be better than and universally accepted everywhere, right? Acceptance in the merchant world doesn't work like that.

Good point. Thanks for reinforcing my faith.

Wait... Isn't faith the assured expectation of realitys not yet seen?

Have you not seen the alt coin boom?

how have alt coins "reinforced" your faith?

That's a workable definition for 'faith'.

Yes.

You misunderstand. The alt coin boom has not reinforced my faith - indeed, quite the opposite. But as Torque points out, not all the snowflakes can be special. Which -- at least for the time being -- reinforces the fact that the original cryptocurrency is the mostest specialist of them all.

Bitcoin FTW.

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Quote from: jbreher on May 05, 2017, 12:23:12 PM

Quote from: Torque on May 05, 2017, 07:42:18 AM

And if anything, it should be a HUGE red flag to the alt lovers who think their special snowflake alt-du-jour is going to overtake Bitcoin. Because if they all got pumped, then they all can't be better than and universally accepted everywhere, right? Acceptance in the merchant world doesn't work like that.

Good point. Thanks for reinforcing my faith.

Wait... Isn't faith the assured expectation of realitys not yet seen?

Have you not seen the alt coin boom?

how have alt coins "reinforced" your faith?

Disclaimer: this could be my next headline

JakaE

member

Activity: 78

Merit: 10

Minimal spread (~$30) between Stamp and Bitfinex. Any idea what's going on there?

bfx_brandon on reddit said:
We're aiming to have an official, public update posted by the weekend or on Monday.¨

so I guess we can expect an announcement in the next days.
He also claimed a a few days before that there is enough cash in the bank to cover every dollar on Bitfinex and every outstanding Tether.

Anyone dare to speculate on what the announcement could be and its effect on the price? Grin

york780

sr. member

Activity: 392

Merit: 250

Quote from: droizs on May 05, 2017, 12:20:51 PM

Quote from: york780 on May 05, 2017, 12:16:36 PM

Quote from: podyx on May 05, 2017, 12:10:53 PM

Quote from: droizs on May 05, 2017, 12:03:24 PM

We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.

But after all, I think when that day come it will end up good for both parties in the long run.

Nah, ETH is literally around $500 in terms of bitcoin price/market cap

And it's gotten there by just piggybacking on bitcoin. Either way bitcoin is undervalued or ETH is overvalued. Both will result in ETH getting dumped on

ETH is overvalued bigtime, pushing its own price sky high by just letting those ICO's getting payed of in ETH. Creating fake demand. Cant wait for the difficulty bomb to hit ETH soon. Than its finally over with that unlimited, non scalable, non safe shit. ETH is bad.

"ETH IS EVIL!!!"

Nah, its just shit. Do some research on it. Mad cuz I unfolt that shit fuel token? Eth is just like Tether, a black tulip. It isnt worth shit. There isnt a max. ammount that can be mined. Its infinite, just to push its price higher with fake demand. Its just shit. Just wondering how many fake ICO's ETH can create before the pyramid crashes

Torque

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Activity: 3780

Merit: 5429

Quote from: Hyperjacked on May 05, 2017, 12:22:13 PM

Quote from: Torque on May 05, 2017, 12:16:53 PM

I'm, I'm.... nearly speechless.

The most bullish pro-Bitcoin article ever written by any media site, much less Business Insider:

http://www.businessinsider.com/bitcoin-price-could-be-500000-by-2030-first-snapchat-investor-says-2017-3

And except for the second to last sentence, nary a negative comment to be seen.

Pump to the moon coming soon?

Wait...how are you speechless ? Lol

500k per Btc wow ! And I thought I was bullish... Shocked

Disclaimer: Torque is nearly speechless

Of course this gem from them just a day ago, so I'm not getting too excited, lol. Tongue

http://www.businessinsider.com/bitcoin-price-plummets-below-1500-2017-5

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: Torque on May 05, 2017, 07:42:18 AM

And if anything, it should be a HUGE red flag to the alt lovers who think their special snowflake alt-du-jour is going to overtake Bitcoin. Because if they all got pumped, then they all can't be better than and universally accepted everywhere, right? Acceptance in the merchant world doesn't work like that.

Good point. Thanks for reinforcing my faith.

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Quote from: Torque on May 05, 2017, 12:16:53 PM

I'm, I'm.... nearly speechless.

The most bullish pro-Bitcoin article ever written by any media site, much less Business Insider:

http://www.businessinsider.com/bitcoin-price-could-be-500000-by-2030-first-snapchat-investor-says-2017-3

And except for the second to last sentence, nary a negative comment to be seen.

Pump to the moon coming soon?

Wait...how are you speechless ? Lol

500k per Btc wow ! And I thought I was bullish... Shocked

Disclaimer: Torque is nearly speechless

droizs

full member

Activity: 151

Merit: 100

Quote from: york780 on May 05, 2017, 12:16:36 PM

Quote from: podyx on May 05, 2017, 12:10:53 PM

Quote from: droizs on May 05, 2017, 12:03:24 PM

We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.

But after all, I think when that day come it will end up good for both parties in the long run.

Nah, ETH is literally around $500 in terms of bitcoin price/market cap

And it's gotten there by just piggybacking on bitcoin. Either way bitcoin is undervalued or ETH is overvalued. Both will result in ETH getting dumped on

ETH is overvalued bigtime, pushing its own price sky high by just letting those ICO's getting payed of in ETH. Creating fake demand. Cant wait for the difficulty bomb to hit ETH soon. Than its finally over with that unlimited, non scalable, non safe shit. ETH is bad.

"ETH IS EVIL!!!"

Torque

legendary

Activity: 3780

Merit: 5429

I'm, I'm.... nearly speechless.

The most bullish pro-Bitcoin article ever written by any media site, much less Business Insider:

http://www.businessinsider.com/bitcoin-price-could-be-500000-by-2030-first-snapchat-investor-says-2017-3

And except for the second to last sentence, nary a negative comment to be seen.

Pump to the moon coming soon?

york780

sr. member

Activity: 392

Merit: 250

Quote from: podyx on May 05, 2017, 12:10:53 PM

Quote from: droizs on May 05, 2017, 12:03:24 PM

We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.

But after all, I think when that day come it will end up good for both parties in the long run.

Nah, ETH is literally around $500 in terms of bitcoin price/market cap

And it's gotten there by just piggybacking on bitcoin. Either way bitcoin is undervalued or ETH is overvalued. Both will result in ETH getting dumped on

ETH is overvalued bigtime, pushing its own price sky high by just letting those ICO's getting payed of in ETH. Creating fake demand. Cant wait for the difficulty bomb to hit ETH soon. Than its finally over with that unlimited, non scalable, non safe shit. ETH is bad.

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Quote from: ?? on ??

is crypto done?? Huh

Probably... Have Mike turn off the lights

Wait is that MJ crying cause he's in fiat and missed the boat?

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: droizs on May 05, 2017, 12:03:24 PM

We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.

But after all, I think when that day come it will end up good for both parties in the long run.

Nah, ETH is literally around $500 in terms of bitcoin price/market cap

And it's gotten there by just piggybacking on bitcoin. Either way bitcoin is undervalued or ETH is overvalued. Both will result in ETH getting dumped on

droizs

full member

Activity: 151

Merit: 100

We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.

But after all, I think when that day come it will end up good for both parties in the long run.

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: Denker on May 05, 2017, 10:41:53 AM

Quote from: chopstick on May 05, 2017, 10:30:35 AM

The price rise from 1200==>1600 was mainly artificial, thanks to the liquidity squeeze from bitfinex, which the other exchanges chose to follow like lemmings.

True, there are a lot of new institutional investors and overseas investment. But not enough to raise the price that high.

I don't know how you could call this anything but a mini-bubble based on artificial bitfinex prices.

Look for a correction down to 1400ish

And what you call the shitcoin rise then? Natural? Sustainable?
In terms of finex their will be an announcement coming on the weekend or monday at the latest.
1400 would still be a very good level for a bottom.

Agreed. It's naive to think that largest exchange stop processing withdrawals in USD doesn't have any effect on the market.They retired their BFX token, introduced a ton of liquidity in people's account and then made BTC the only way to get out. Otherwise why would there be a $100 spread? Shitcoin rise is ~~dumb people~~ "traders" calling tops and thinking of alt coins as diversification just parking money there instead of USD waiting for a "correction" to jump back in BTC.

Or those are my 2c

Edit: But the good thing is, the gap between Finex is starting to close before announcement. Maybe someone front-running an announcement

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