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

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cmon m8, enough of the scam crap,lol what if Dr Craig Wright was Satoshi and he had 1mill BTC, does that make BTC a scam?

The scam crap is real when it comes to ethereum, so even if there has been nearly a 6 month long pump of ethereum, and there have been a lot of innocent folks piling onto it, that does not take away from it's scam fundamentals. Merely because I am calling ETH a scam does not mean that it is not contributing to the crypto space in a variety of ways. For example, it has drawn considerable interest, and there are likely some very creative people attempting to figure out innovations. Furthermore, it likely provides a kind of vehicle in which government and financial institutions can invest and attempt to denigrate bitcoin through such ploys, but in the end, Bitcoin is very likely to continue to grow stronger.

Regarding your hypothetical point about Craig Wright being Satoshi.. such a what-if is nearly pure fantasy land.. yeah it was in the news, and yeah it got a lot of attention, but the mere fact that such a ridiculous claim got a lot of attention, and even temporarily caused negative price movement should not seriously be considered to be some kind of event that we should take into account. But, yeah, if some goofball, such as craig wright had access or appeared to have access to 1 million bitcoin, that would surely be a bearish kind of fantasy world outcome.. but it is just that fantasy world... At this time, there are no tangible, material and/or convincing facts to back up such ridiculous speculation.

if its not wright...its someone else...there is a gun on btc head as we all know somebody holds 1million BTC.

I must applaud you at least for your attempt at persistence on your talking point fearmongering theme.

You know that the uncertainty of the 1 million untouched coins is currently priced in, and surely if circumstances change, in which it appears that some actual person has access to those coins, then we will need to address that uncertainty that has been converted into less of an uncertainty (depending upon how the facts play out if such a scenario were to unfold).

In other words, we can carry on for the moment, because we do not have any tangible facts in front of us that any person or entity (whether nefarious or not has any kind of access to those about 1 million early mined coins)

Quote from: Mrpumperitis on June 14, 2016, 08:36:53 PM

Also ask why did big exchanges add ETH..it is so crypto can survive if btc fails. Do you know btc must be $600+ after halving, if it goes below for a while, miners, network, hashrate..drops , Sad

and i hope it doesnt happen, but id rather be safe than sorry.
ltrs dude

You know what? I don't really disagree with the subtext of your point that it is a fairly prudent business move to include ethereum on various exchanges, and the current volume and possible future volume involving ethereum is likely profitable for them. that in no way supports any kind of thesis that any individual should invest in ethereum at this time. Sure everyone is different, so there could be some actual reasons to take some kind of investment in ethereum, yet I have already provided sufficient evidence and logic to show why I personally believe such an investment would be a gamble in most currently apparent scenarios..

So there is no such thing as prudent to invest anything substantial into a gamble.. you gotta really be willing to roll the dice with that ETH baby cakes.