today's top 5 volume leaders   Looks like something has to give (just hope it isn't tethers  ) 25% of the whole market cap is traded in last 24hrs while most of the coins haven't moved in ages  how much money do you believe your audience that buys this has to prop this up?  Edit: But don't let this discourage you keep pushing i wanna see 101% of market cap traded in last 24hrs, i'll get popcorn |
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All pumps are at full throttle on BCH it's very expensive to keep that up, next stage of this last ditch power grab is a sudden transfer of hash power from BTC>BCH ??
No doubt that's coming and ppl will chase it higher  Disclaimer:I have no idea what I'm talking about There's a reason why they still mine BTC, it's because they can't unload BCH. Higher BCH price > higher difficulty > costs going up on something you can't sell. I did think that that sudden canceling of btc2 felt too easy, too much resources were spent to give up just like that. Guess now we're seeing their plan B in action |
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All pumps are at full throttle on BCH it's very expensive to keep that up, next stage of this last ditch power grab is a sudden transfer of hash power from BTC>BCH ??
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when you save money on tailoring so you can pump your shitcoin of the moment
He's working the 60s astronaut look. There's no one more patriotic, trustworthy and dependable than one of them. This is his last effort, all or nothing time, so they're moving big funds from BTC>BCH good for them and good riddance. What's wrong with the suit, don't find it that bad. |
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WTF no 20% airdrop?? This game sux
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I'm not arguing against the obvious BCH market manipulation. I'm only pointing out the the magical mystery miner stash is not being used.
You've been answered multiple times. This shouldn't be so hard to understand. They can't use it because nobody is buying this altcashit. To use it they have to sell it to themselves... Selling it to themselves would be called a wash trade. It is a tactic that can be used to generate fake volume. Almost 92,000 extra BCH could be used to create dramatic effects in fake volume if used in wash trades. No?
It doesn't surprise me that their mined coins aren't going anywhere. And how could they with 4 hr block times? Lol
The blocks were coming in at about once a minute just yesterday. They have had plenty of opportunities to move those coins in supersonic times if they wanted to.  The way the BCH blockchain moves, it is similar to the Goldilocks fairy tail. Too hot, too cold, just right. Too hard, too soft, just right. Only big problem with the just right blocks is at those times the two mystery miners are mining over 97 % of the blocks. Nope you can generate 21M in volume just with a single BCH going back and forth 21M times. There's no need for huge stashes. Plus exchanges can always generate volume out of thin air and they don't need to have coins to back it up on paper. Look at OKcoin and whoboi volumes the day the hammer on wash trades came down |
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Since Ver/Wu/Wright own 97% of BCH mining, they can do the following:
1. Mine BCH, wash trade, and accumulate BCH on the down low
2. Switch mining hashrate from BTC to BCH
3. Pump BCH, lock up mining blocks, trade BCH for BTC into the pump
4. Switch hashrate back to BTC, pump BTC
5. Sell traded BTC into the pump, or just hold on to it (making them wealthier).
6. Profit
I contend that BCH is still just a money making scam to them. Sad that anyone would fall for that garbage. They don't want BCH, they want your Bitcoin. You'll see all that here soon, when you see BCH drop and BTC start to rise again.
And don't think for a second that their little operation isn't being "subsidized" by outside elements.
The problem with your assessment is that the two major mystery miners(probably two farms run by Jihan Wu) have not moved any of the coins that they mined. https://www.blocktrail.com/BCC/address/17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg/transactions/out/0https://www.blocktrail.com/BCC/address/1BgatB78WrFLdCgnPnBqiDcNFFA46jkPZe/transactions/out/0That's very interesting. So they are accumulating and betting on some future pump. They are accumulating because they have no choice. Nobody else is buying altcash shit. Of course they have a choice. They could use their mined stash to do wash trades and give the appearance of high volume. But they are not doing that either. However, Bitcoin Cash is planning to do a hardfork around the time of the S2X hard fork. They are planning on coming up with a different difficulty adjustment algorithm to replace the EDA. https://www.bitsonline.com/bitcoin-cash-hard-fork/The developers claim that the timing of the hardfork has absolutely nothing to do with the upcoming S2x hardfork. (Right...I believe that. ) Did i miss the /s mark? Or there's seriously someone out there that thinks that $2.0B 24hr volume on a $7.9B market cab is normal trades... so every 4days every single coin should change hands? Then I have a bridge to sell you |
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Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?
Since Ver/Wu/Wright own 97% of BCH mining, they can do the following: 1. Mine BCH, wash trade, and accumulate BCH on the down low 2. Switch mining hashrate from BTC to BCH 3. Pump BCH, lock up mining blocks, trade BCH for BTC into the pump 4. Switch hashrate back to BTC, pump BTC 5. Sell traded BTC into the pump, or just hold on to it (making them wealthier). 6. Profit I contend that BCH is still just a money making scam to them. Sad that anyone would fall for that garbage. They don't want BCH, they want your Bitcoin. You'll see all that here soon, when you see BCH drop and BTC start to rise again. And don't think for a second that their little operation isn't being "subsidized" by outside elements. The problem with your assessment is that the two major mystery miners(probably two farms run by Jihan Wu) have not moved any of the coins that they mined. https://www.blocktrail.com/BCC/address/17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg/transactions/out/0https://www.blocktrail.com/BCC/address/1BgatB78WrFLdCgnPnBqiDcNFFA46jkPZe/transactions/out/0That's very interesting. So they are accumulating and betting on some future pump. Or, or, no one wants to put real BTC or $ for BCH coin, so the only way they can prop up the price is by removing the supply altogether. They're making some nice margins on BTC so unfortunately they should be able to keep that for some time now. Expensive hobby though... |
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Well a very good morning Bitcoinland.
I see I woke up just in time for a rally. It's moving so quickly there's almost no point in posting a price but it just hit $6017USD/$7709CAD at Bitcoinaverage.
AltCash is also up nicely at $456USD/$585CAD (Coinmaketcap). For those still holding both, that's a total of $6473USD or $8194CAD per old coin. Not bad.
Go Bitcoin go.
AltGodl is up too, currently $108 And for those that were smart enough to dump BCH coin for .16 of BTC you're already over $7k |
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Well that escalated quickly |
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It looks to me like the idea of "seasteads" is to get together among rich people and not pay taxes to a state, but instead pay for everything (defense, law enforcement, etc.). So you'd end up with two classes of people, the rich, and the people who work for the rich.
Yes, because when everything is blockchain based, only the rich benefit. Better get rid of your bitcoin now because it's just something for rich people to not pay taxes. Only the rich can use a currency that the government doesn't distribute. It already costs over $5k, only a rich person can afford that. I guess I should tell the many socialists working on this that their expectations of helping the environment and having self sustaining design, closed loop food systems, renewable energy, recycling systems, a solution for refugees, coral development, etc. is just going to benefit the rich. A seastead will be a tiny speck on an ocean that is twice the size of all the countries in the world combined. Yet people will still be pissed off if there are rich people out in middle of nowhere being free rich. The blockchain is not miraculous, it's a technology, it won't solve humankind's problems. And yes, greed is one of our problems. I don't pretend to be immune to it. I used to support communist ideals, but nowadays, I've become cynical, I don't see any way for such ideals to come about aside from being governed by some kind of benevolent AI. Giving up one childish fantasy in favor of another is not much of an improvement. Here is what is going to happen. A lot of people are going to die. After that, we may be able to build something better. But first people need to die. Anybody here wonder how long before Ibian opens fire on a crowd of innocents and Torque calls it a false flag? lol There are some scary people here. I often wonder what roach is like in real life... It would be cool if we could somehow all post an anonymous self portrait and then have a game where we try to match the picture to the username by voting. Wouldn't be fun, swastika tattoo would give roach right away |
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i'm going to laugh when 2mb blocks start printing :-D weeeee WTF how can i swap 1:1 BTC:SEG2x with Ver?? I guess he's already abandoning BCrASH? |
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BTC Dominance: 57.3% |
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Wtf still under $10k?? bah  |
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Dimon is a fool & hasn’t got a clue about the path that bitcoin is taking. Anybody who reacts to comments by him is an idiot. I totally agree. What an ignorant comment. Not everyone has a $30 million annual salary that they can just "not care" about Bitcoin. Such arrogance in his uneducated opinion. My formerly smart daughter. why he keeps busting on his daughter? Not sure which one owns BTCs    They all made it to Introducing Wall Street's Hottest Offspring http://www.businessinsider.com/introducing-wall-streets-hottest-offspring-2010-2 |
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BTC8k ask wall @ $5700 on Finex. The whale has returned 
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As another user mentioned in this thread, it would take 30 years for each person on the planet to open and close a lightning channel. And although maybe bitcoin will never use it all, eventually 1MB will not cater.
In the interest of accuracy, 30 years for every human to make one on chain transaction. This could be opening a channel, or it could be closing a channel. If you want everyone to be able to both open and close a channel, you are looking at 60 years. Well, S2X could drop this down to 30. Go S2X! /s Why da faq would every user on earth need to open and close an LN channel? (When 3 lanes are taken) It would take 60yrs for every single car in the world to go through this one 4 lane highway, demolish it and rebuild it so it would handle every single car in this one spot  |
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CoinJoin, JoinMarket, Shuffle-what-ever-thingies. ... taint is pretty much useless if someone knew to mix or premix bitcoins. Granted, it's not being done by "normal" people yet, only those in that irc chat room or something that do these transactions. But it will catch on.
We still don't have a usable technology to mix transactions that does not consume even more on-chain block space. Which is, of course, space we don't have on the 1MB4EVAH chain. #justsayin' Well this might come to a surprise to you (or you're well aware of this and just trolling ), but BTC was never meant to be fully anonymous. So yeah it you want to anonymize your coins you have to pay, or wait for sidechains, or if you can't wait use an alt. But, BTC doesn't make me breakfast for free!!! #btcfail |
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WTF down to $5500 is BTC DEAD!?!? |
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Are we at $10k yet? Bah, going back to sleep
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