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

[God27]

imo ripple is hurting btc big time

500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...

Everything is hurting btc, but yes xrp is taking some liquidity out of btc.  But ripple is creating more liquidity for btc as an exchange.

[podyx]

imo ripple is hurting btc big time

500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...

marketcap is actually more like 150mio because the creators hold most of the assets

[God27]

imo ripple is hurting btc big time

500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...

marketcap is actually more like 150mio because the creators hold most of the assets

I'd speculate that it is more like 238mio.

[wachtwoord]

imo ripple is hurting btc big time

500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...

marketcap is actually more like 150mio because the creators hold most of the assets

I'd speculate that it is more like 238mio.

lol, sometimes Ripple just x-folds the outstanding number of Ripples and the market cap grows accordingly. Anyone holding Ripple should be institutionalized.

[noobtrader]

imo ripple is hurting btc big time

500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...

Everything is hurting btc, but yes xrp is taking some liquidity out of btc.  But ripple is creating more liquidity for btc as an exchange.

just shorted ripple-vs-btc they cant be pumpin all teh time

[ChartBuddy]

Explanation

[jonoiv]

https://www.cryptocoinsnews.com/more-than-4400-bitpay-merchants-keep-bitcoins/

10% of bitpay merchants do not convert to fiat.

I have a feeling that number will increase substantially in 2015.

[NotLambchop]

https://www.cryptocoinsnews.com/more-than-4400-bitpay-merchants-keep-bitcoins/

10% of bitpay merchants do not convert to fiat.

I have a feeling that number will increase substantially in 2015.

"Coinbase, the biggest competitor to BitPay, declined to provide a similar breakdown without providing any reason."

.@LFC_Bitcoin below:  or even 350

[LFC_Bitcoin]

It's quite embarrassing that we can't seem to get above (and stay above) 400 dollars.

[noobtrader]

It's quite embarrassing that we can't seem to get above (and stay above) 400 dollars.

its ok 350 is still fair price atm

[Newbie1022]

https://www.cryptocoinsnews.com/more-than-4400-bitpay-merchants-keep-bitcoins/

10% of bitpay merchants do not convert to fiat.

I have a feeling that number will increase substantially in 2015.

AKA 90% of Bitpay merchants do convert to fiat. See how much worse it sounds when framed in that manner.

[arklan]

it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?

[God27]

imo ripple is hurting btc big time

500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...

marketcap is actually more like 150mio because the creators hold most of the assets

I'd speculate that it is more like 238mio.

lol, sometimes Ripple just x-folds the outstanding number of Ripples and the market cap grows accordingly. Anyone holding Ripple should be institutionalized.

Yes, they distribute xrp all the time so the outstanding number changes all the time.  However, its weird the price goes up with more and more being distributed.  They must be doing something right?

I'm currently waiting for their distributed number as of November 30th.

https://www.ripplelabs.com/xrp-distribution/

[LFC_Bitcoin]

it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?

Day traders.

Dumpers.

The fact that probably not even 1 out of 100 people in the general public use BTC.

[NotLambchop]

it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?

A better question:  what the heck was propping it up until now?

[LFC_Bitcoin]

it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?

A better question:  what the heck was propping it up until now?

Mugs like us?

[macsga]

It's quite embarrassing that we can't seem to get above (and stay above) 400 dollars.

its ok 350 is still fair price atm

Being here and monitoring the price for about 2+ years now, I can say that the ''patience game'' is not a pleasant one. Causes traders using to reason the price, are not always based on true facts, not to mention the bear-trolls who are using the situation to scare people away, therefore adding more drama to the situation. If you're not patient, or want a quick buck, get out of here asap. If you're here for the long ride, sit back and relax. You will eventually enjoy the ride...

[Newbie1022]

it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?

I was surprised, too. BUT, we had not completed a downtrend, the auction didn't seem to have gone wonderfully (dispersed holders so better potential for at least partial dumps), a lot of money has jumped into the XRP bubble, people who had losses on the year and substantial income would be smart to sell before year's end to write off losses, and, finally, a lot of the bulls and bagholders shot their load.

So, it can be traced to logical events. Even so, I thought it would have at least pumped higher even if it didn't sustain it. The underlying market is even worse than we imagined. There's nobody on the other side of the line.

[LFC_Bitcoin]

It's quite embarrassing that we can't seem to get above (and stay above) 400 dollars.

its ok 350 is still fair price atm

Being here and monitoring the price for about 2+ years now, I can say that the ''patience game'' is not a pleasant one. Causes traders using to reason the price, is not always based on true facts, not to mention the bear-trolls who are using the situation to scare people away, therefore adding more drama to the situation. If you're not patient, or want a quick buck, get out of here asap. If you're here for the long ride, sit back and relax. You will eventually enjoy the ride...

I've got quite a decent amount of BTC in cold storage.
I've never sold any & I don't plan to, you have to take a risk in life hey?
Maybe I'll HODL for 10 years & see what happens.

I'm not going to lie though, some days I feel like cashing them all in & going on a 2 month Caribbean Cruise

[arklan]

it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?

Day traders.

Dumpers.

The fact that probably not even 1 out of 100 people in the general public use BTC.

i'd be surprised if it was even 1 in ten thousand.