Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18232. (Read 26610526 times)

 

Bitcoin Core tweeted something about Segwit. The tweet had Europe's Final Coundown link. After couple of minutes the tweet was deleted.

Of course "not invest more than a person can afford to loose"

Should I go all in fiat now?

Or not invest more than I'm willing to loose?

https://blockchain.info/charts/my-wallet-n-users?timespan=all

https://coin.dance/volume/localbitcoins/ALL

https://blockchain.info/charts/total-bitcoins?timespan=all

poor poor bitcoin ... must be terrible for it.

soz that was gold price

BTC 12 months



Gold 10 years

great wall to buy up


i love charts, next leg up

Well, yeah, Julian071, if you feel that you should diversify, then you should attempt to accomplish such diversification to the level of your comfort, and also to decide how to apportion such diversification in order to feel personally comfortable.

These are not easy decisions because there continues to be a lot going on in the crypto space, so frequently each of us just has to make our best approximation of a solid strategy based on how we view the scene and our personal financial circumstances.

I personally do not see a need, at this time to diversify, but I do continue to attempt to protect myself from some of bitcoin's ongoing likely volatility by selling coins on the way up and buying coins on the way down.  That strategy is a bit different from diversifying into other crypto, but it does still attempt to apportion (and hopefully lessen) some of Bitcoin's likely ongoing volatility risk.

Fatman... I can't see the Trump building in that picture...  

That seems to be merely your perception of the matter.  I am just engaging in conversations related to bitcoin (hopefully) to the extent that posters want to conversate regarding such matters.





hahahahahaha... I don't think that I am demanding anything, yet if a poster makes claims then they should attempt to back them up with either facts or logic or both, and yeah, sure, each of us are going to decide on an individual level the extent to which a claim needs to be backed up... and sure, other times, some claims are merely opinions and not able to back up, which can be fair, too, depending on circumstances. 



Thanks for the chart that points out how you arrived at your opinion, and I believe that helps to frame the understanding a bit better.

Personally, I don't find your evidence to change my opinion on any kind of meaningful level.. Sure, it is good to look at actual sources concerning the share of the market that alt coins have and their share in comparison to bitcoin; however, you will notice that the graphs that you provided begin largely in mid-2013 because prior to 2013, there were hardly any crypto currencies or anything of such a nature, except for bitcoin.

The mere fact that various crypto currencies are being developed and attempting to take away some of bitcoin's market share, does not undermine the importance and/or uniqueness of bitcoin and what bitcoin brings to the crypto space, as compared with the various "competitors."  Even though there is some downward trajectory, I doubt that this actual "downward trajectory" signifies that bitcoin is threatened in any kind of meaningful way by the various other cryptos.

Bitcoin continues to bring to the space a certain level of secure decentralized immutability that is not provided by any other coin.  Yeah, sure, go ahead and proclaim that bitcoin is dying and losing market share, but those kinds of proclamations have no real material meaning when you really consider the actuality of what bitcoin is providing that none of the others are providing, still to date.

Also, it is likely good that quite a few of these various coins are coming to the crypto space because they provide avenues for folks to get involved in cryptos and likely helps to develop the space.  If at any time you see some coin(s) that are worthy of investment, then fine go ahead and invest in such alternative coins... That is not a big deal.  I personally do not see any meaningful reason to divert my investment from BTC.. yet others are free to come to differing conclusions and to invest in accordance with they perceptions.




O.k.  I will accept your representation that you are a permabull and that you are running out of patience, yet to me, some of that running out of patience seems to be unreasonable, like you want to rush something that is not quite ready for what you would like, like you are suggesting that it should be better in some kind of way.  You are certainly free to diversify your investment to the extent that you believe that there may be some other coins or investments that are more suited to your short, medium or long term views.  I really don't see any reason to get inpatient with the movement of bitcoin's market, whether that be price appreciation, development or adoption.  These things take time, and even though some indicators seem to show that progress is either flat or going in the wrong direction,  it is my sense that you are giving too much weight to the wrong indicators, or maybe possibly, you are overly invested in one direction?




Sure, that is a factor to take into account when you are weighing the extent that you should diversify or leave.  I personally think that it is dangerous to leave now, but each individual has to make those kinds of decisions for himself/herself, and to spread out risk to the extent that s/he believes that it is prudent to do so for his/her own individual circumstances.  Merely because some supposed bulls have lost faith is not going to necessarily sway me to follow them, unless I think that their facts and/or reasoning is sufficiently persuasive.

Take the Mike Hearn rage quit for example, I found that quit of a supposed "bull" to be completely disingenuous and lacking in any kind of persuasion for me; however, other bitcoin investors gave such rage quit of Hearn more credibility and thought that he was on to something.  Many of us currently recognize that Hearn was likely wrong at that time and the level of his criticisms, even though the timing of his quit seemed to help to bring BTC prices down from mid $400s to mid $300s, and even a certain amount of price stagnation for a few months that coincided with such quitting... but so what, we cannot know for sure how long the price is going to stay in a certain range, and if we understand the fundamentals sufficiently, we may not follow what some others may suggest, even though they may hold themselves out as supposed  bulls.

I'm not butthurt... you called me out when you thought you were right, and I'm calling you out for being the bigger a fool  

And I am not bearish, I expect much higher prices... I just don't know how long it will take. Months, years, decades?? Probably sooner than that, I'm excited about 2017... I think as long as bitcoin keeps growing, as it is, without another gox/bfx, as adoption and use cases grow, as second-layer scaling technologies evolve, a sudden news of a ETF could be enough to push the price beyond ATH.


 



I had to comment on this.... what the hell does this chart prove? Of course bitcoin is gonna lose "crypto marketshare" as other alts emerge. If you compare any altcoin with the rest of the crypto market share they will all be going down unless the coin just started. This says nothing about bitcoin's growth. BTC transaction volume has grown significantly-- a compounded yearly rate of 224% since 2013 and tripped over last year. The are many metrics that show positive growth in areas that matter and you chose to focus on something useless. Not to mention a lot of the bitcoin that went to the altcoin market are only there so traders can earn more bitcoin. I myself have tons of BTC in alts that is coming right back into bitcoin






Is that the real satoshi? 

https://bitcointalksearch.org/topic/m.15145

Well, the losing market share thing is mainly the incredible alt pumps most of which are in aid of obtaining more Bitcoin. Certainly ETH looks like an increasingly appalling bet by the day. However there may come a time where it has a different smell to it. Bitcoin needs to deliver both signs of some capacity progress and action to satisfy the speculators.

+1, I feel exactly the same. I went all-in back to BTC a while ago hoping the debate about the high fees would yield a solution, but I'm back to diversifying right now. Don't see it happening any time soon, and that might be not soon enough.

JJG, since you seem to like to confront people a lot, and since you are always in need of hard facts, stats, and proof over public sentiment (which is fairly palpable atm), then here you go.  Third chart at the bottom, the 3-year downtrend in bitcoin's overall crypto marketshare is as plain as day:

https://coinmarketcap.com/charts/#btc-percentage

Doesn't change the fact that I'm a permabull.  But my patience is starting to wear thin.  Other so-called bit bulls have already moved on and left bitcoin behind.

There is nothing wrong with having various bearish inclinations and reservations, but frequently, you have a tendency to go off the rails a bit with pessimistic exaggerations, which likely would cause people to wonder whether you are talking your books or giving a fair analysis of the situation.

For example in your assessments that adoption is not rapid enough  and that bitcoin is losing market share seems to be quite a way off and really exaggerations, no?

"I still have not witnessed ANY new major Average Joe money, nor major investment money, nor major retailer adoption happen in that time either."


Are you just impatient or what?  Some of this takes time, and the overall evidence remains that adoption, development and investment is up and increasing.  Sure, the amount of the up may not be exorbitant, but it remains sufficient to allow us to avoid conclusions of too much apathy (which you seem to want to conclude)



"Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now."

I doubt that the facts really support this kind of an assertion.  Sure, we have been witnessing some innovations from altcoins (shitcoins as you call them), but in the end, any "losing of  marketshare ground" is likely more illusory than anything.  Let those various  alt coins experiment and innovate etc... , and bitcoin can profit by witnessing such experimentations and determining whether those kinds of innovations (if any) are worth incorporating into bitcoin and how.  The value of bitcoin remains its foundational security of immutable decentralization, and you are not going to retain "secure immutable decentralization" by attempting too many experiments and/or attempts at innovation... because the innovation is already there and the foundation already set.. and the inability and difficulties in changing bitcoin is a feature, not a bug.

Because of a multiple of reasons, including halvening pressures (that could take months to play out in terms of feeling the impact of reduced increasing supply). 

Girls like you, lambie, don't want to actually grapple with various BTC fundamentals, so you merely try to put the burdens on others, fail refused to provide meaningful facts and analysis and attempt to simplify matters and to distort reality.   

2013: bitcoin ?
2014: bitcoin, ah ah ah
2015: bitcoin ... mmmh ?
2016: bitcoin ... !
2017: bitcoin !!!!
2018: BTCictoin. We plan the future of money.
2019: bitcoin, halvening in 1 year
2020: All car are electric and autonomous, you can pay only with bitcoins because no chargeback here = serious business here.