Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25822. (Read 26610307 times)

cut your looses now         

When the wave comes you need to be there to ride it.

I will say it again, and get mocked for it again:

If btc goes below 340-350, there is no future for btc.  We have already lost so many new adopters this year.  Expecting anyone with a buy in from 2014 to stick around for a 40-70% drop in value is ludicrous.  Long-term growth is based on adoption, not short-term greed.  It would be a Pyrrhic victory for the whales who engineered it. (Exponential growth implies exponential adoption, which implies that the vast majority of btc owners are from 2014, amirite?)

Inb4 is btc dead AGAIN, remember 2012, stupid newbie (who has owned coins for 3 years...), there is no such thing as manipulation, this is consolidation, this is is the accumulation stage, etc.

Discussion question: do the vast majority of early adopters believe in btc, or are they trying to get as much money out of the next "bubble" as possible, then run with the fiat?  And the follow up question: does evidence from the market support one side or the other of question #1?  Scary for those who think, tragic for those who feel.

I am going to drink some Chang draft for the next few weeks, and try not to pray for a crash.

SMBIT is an excellent contrarian indicator.

Smart money is dumping btc on exchanges to hold down marks for contract coins.  This much I know for a fact.  I then speculate:  When that dam breaks, there will be a mighty wave.

Explanation

Important information regarding development is usually on IRC network freenode. #monero-dev is the place where you can see the names currently sitting in the IRC channel. I don't think they have time to do a lot of development on Monero, they just view it as amazing technology and support the development of it.

I don't regard Monero as a pump n dump, sure it will have bubbles like everything else. But I believe it is a longterm coin, and this is the only altcoin I have ever decided to invest in besides LTC. There was a reason Darkcoin rised so hard, the demand for anonymity is strong on the whole internet, but the fall of Darkcoin I associate with both the branding name and the tech it self.  

There is a whole story around this and for sure there is going to be that one anonymous coin in the feature. There will be a winner in the war for anonymity. I advise you to research more about the fundamentals behind the technology, the technology is what gives any altcoin value.

Moneros technology which is built on that the blockchain cannot be analysed and for example if I post an XMR address here, you cannot go and look up how much I have recieved and where I sent it, UNLESS I give you permission = the viewkey. This is the coin that will defeat the stupid AML and KYC laws Bitcoin exchanges are forced to use. The regulators will understand that they are impossible to enforce.

GABI, pls.

AFAIK, developers mentioned by Skinnkavaj are not part of this list : https://github.com/monero-project/bitmonero/graphs/contributors

It was a semi-joke. Not a joke as consolidation in fact has not ended yet, but it looks quite bearish and nothing seems to indicate a breakuout upwards. ~400 is quite likely, ~300 also seems reasonable, and there is even potencial for a further capitulation.

what is this alt coin pump.

this thread....

buy all the cannabis coins!

and ether.

I have not been following XMR. If developers like Wladimir has been contributing, it is time to pay attention to it. Is there a website that shows the list of developers?

People talking about sky rockets for months.

And no sky rocket so far, only downwards

Honest question, how are they involved? Are they the lead developers for Monero? or are they just contributing code here and there?

One thing I've noticed is whenever alt coins are brought up on this thread its usually right before a big dump.

the f is he?

did he buy some?

j.assange

You can't keep a good coin down.

Explanation

I am not a miner myself, just amazed by the fact that XMR have really brilliant crypto graphers such as Wladimir van der Laan (lead developer of Bitcoin, took over after Gavin), Gregory Maxwell, nanotube, phantomcircuit and others involved. Although I am not a developer myself, but seeing the core developers of Bitcoin uniting behind XMR is unique to me and speaks a lot of about the anonymous tech.

http://blogs.wsj.com/moneybeat/2014/09/16/digital-currency-council-brings-bitcoins-three-rs-to-wall-street/

i tried to mine it once, but never got any of it, stopped caring after that.