Wall Observer

[Richy_T]

Any thoughts on which is next? I've started to hear Monero mentioned more often.

 

[Bagatell]

@Richy_T Worth watching IMHO.

edit

Factom as well.
[doublepost=1465160452,1465159648][/doublepost]@Zangelbert Bingledack I saw a podcast the other day where someone was saying that those charts look just like pink sheet charts. I have no idea how true that is.

 

[Erdogan]

All monies are bubbly, because the only value they have is speculation....except the best money, that bubble will never deflate.

 

[Bagatell]

 

[Richy_T]

@Richy_T Worth watching IMHO.

edit

Factom as well.

Will do. I'm planning on hedging about 25% of my bitcoins 4320 blocks before the halving. I'm expecting to be able to buy more back later once the shit show really hits.

 

[hedgewizard]

Lookin like China ain't done yet

 

[Zangelbert Bingledack]

@Richy_T

Since Bitcoin rose, altcoins usually follow suit, especially the recently-unloved ones. Monero would fit the bill, but the perception of legitimate good news also matters, like how with Counterparty there's been good news but with little price response. All those things that the market shrugged off might now be taken more seriously, as people get used to making money on the Bitcoin rallies and look for the next most legit thing.

 

[Zangelbert Bingledack]

Study history to maximize your gains. It looks so much like we are about to do a repeat of 2013.

 

[JimboToronto]

Good mornin' Bitcoinland. Still in the $580s I see.

Better get this thing moving on up past $600 before the trolls show up and start posting Wile E. Coyote pix with a $580 ledge.

 

[Bagatell]

https://fee.org/articles/bitcoin-transaction-initiated-from-fed-offices-for-the-first-time/

 

[Zangelbert Bingledack]

This thread needs some of this.

 

[79b79aa8]

can't help but notice that every recent gain (since ~$420) sticks. nobody seems to have coins to dump / be willing to short, and in any case whatever downward pressure there is only makes price budge down 2-3%, which is not enough to make trades worthwhile (unless leveraged, but this is too risky as the probability of market moving another significant step up at any moment cannot be ignored) . . .

 

[Zangelbert Bingledack]

can't help but notice that every recent gain (since ~$420) sticks. nobody seems to have coins to dump / be willing to short, and in any case whatever downward pressure there is only makes price budge down 2-3%, which is not enough to make trades worthwhile (unless leveraged, but this is too risky as the probability of market moving another significant step up at any moment cannot be ignored) . . .

There were also almost no corrections in the initial 2013 run-up from $10 to $50. Aside from the March 11 flashcrash due to the slow orphan scare (not even visible on the chart).

 

[theZerg]

looks to me like we are still flushing out the momentum chasing day-traders. When that process completes we will be ready for the next leg up based on GBTC, Brazil, etc as leading indicators, and representative of true demand.

 

[hedgewizard]

dragon boat festival ends today, a day where everyone goes back home to the family, lets hope the chinese renew their vigor tomorrow

exceptionally low volume with about ~3 hours til the day closes on huobi

 

[rebuilder]

That 580 is a tough old bird, eh?

 

[Bagatell]

Curiously XBT/EUR has been hovering around 508. What price psychological levels (and numerology?) in multiple markets?

 

[Bagatell]

Any thoughts on which is next? I've started to hear Monero mentioned more often.

https://bitcoinwisdom.com/markets/poloniex/xmrbtc

 

[JayJuanGee]

Which, of course, is one more reason to scale bitcoin _on_chain_ rather than push scaling off to centralized solutions such the the tiered hub & spoke model that LN will require.

It seems that there are going to be all kinds of on chain and off chain developments in respect to bitcoin, whether those developments are currently in progress or developed in the future.

Whether one solution is more prudent or not, in order to incorporate something into the main blockchain protocols, it needs be fairly non-controversial, agreed to and fairly straight forward. Accordingly, the likely more controversial experiments and the more complicated proposals will likely be initially begun and maybe even developed off of the main blockchain before they are later agreed to incorporate into the main blockchain.

 

[Richy_T]

https://bitcoinwisdom.com/markets/poloniex/xmrbtc

Heh. Oh well. It's another 10 hours until I start hedging.