They are regularly finding blocks. Hashrate is anything but LOW

This is some shitty volatility. It's not what I signed for.

What do you mean?

Not for me. Refresh and see if you can really do anything. Anyway... as expected.

GOOOOOOOOOOOOOOOOOOOO!

3 minuted. And the order books are so thin (especially on the upwards) that anything can happen. If whales decide to play hard it can be a rollercoaster.

Working for me here

I should have moved more BTC to kraken to dump right away.... Most of my BTC is on my ledger and I don't plan to touch it before I see people posting "success" stories. Anyway it will probably be late by the time those BCC arrive at the exchange... maybe after the first or second dead cat bounce.

Maybe I should have opened some margin long positions to get more BCH to dump, but I decided I would have settled my margin position before 1 Aug, and I did. I am always scared of liquidations by extreme volatility.  I am playing safe even if that means reduced profit.

25 minutes.

Wondering if this is gonna be the biggest non-event or the craziest volatility ever. No idea.

Everybody set up your limit orders already as if there is big volatility you will probably not be able to trade real-time.

I do expect a rally around 4 Aug. By that time, all the FUD should have vanished.

Maybe we will have some dip right after the BCC launch... or maybe don't, not sure. It depends on so many factors and actors...

That counter seems more trustworthy.

Well, let's see how it goes... I have just set some crazy limit orders and plan to just watch. (except for trying to sell some BCC for BTC).

2h 48 mins: https://www.timeanddate.com/countdown/launch?iso=20170801T1220&p0=1440&msg=Bitcoin+Cash+Hardfork&font=sanserif

Or is that counter wrong?

https://blog.ledger.co/securing-your-free-bitcoin-cash-stash-d50aff765688

Right after fork they will enable a BTC/BCC selector in the chrome app similar to the one already in place for ETH/ETC. So it will be pretty easy and straightforward.

Next year, please don't fucking focus all the fucking drama in the fucking middle of the summer. It's unhelathy. I shouldn't be having to fucking care about all this Bitcoin related stuff at this fucking time instead of just caring about my fucking suntan.

I am bit pissed, btw.

Anyway.... to the fucking moon!

That's all I am gonna say at this time.

OTC is much more than "localbitcoins". Big players buy and sell OTC in huge quantities (1000-10.000+) and arrange whatever price they both are willing to accept, usually with a negotiation, it may be higher or lower than exchanges price depending on many factors.

Also, try to buy 10.000BTC on any exchange and you will see where the price goes...

I wouldn't worry too much about those 66k because either:

- They are already confiscated.
- They are controlled by other BTC-e  owners

In first case it will take years before those coins get auctioned. It is also probable another lawsuit from Mtgox claiming those coins.
In second case, either BTC-e reopens or they guy just hand it over to authorities. At this moment, other participants of BTC-e must be scared as hell. I don't think they will do anything with the coins in some long time if ever, plus those coins are being heavily monitored and it won't be easy to try convert them to fiat without incurring in very high risks.

About your point 1... it is you who thought that would mean a price crash... For me it was somewhat bullish/neutral: There have been almost no drama in the segwit activation process, in fact it is going smoothly and with 100% consensus. BCC, meh. And it is not that bad that regulators are starting to enforce the regulation that was theoretically in place since a few years now.

Also, you are assuming 1 Aug will not moon. I don't expect it to moon either. I expect it to start rising and breaking ATH a few days later. For moon, you will have to wait for october/november.

I don't have a crystal ball, but besides the drama Bitcoin is in a better position now than it has ever been.

I have just now realized we will probably break all records of Bitcoins moved in early August.

Everyone will wanna dump their Bitcoin Cash shitcoins and that will also translate into many BTC tx's.

It will probably be better to consolidate BTC from multiple addresses BEFORE 1 AUG, to avoid paying high fees until the dust settles.

From the moment 100% of the miners agree on Segwit for Bitcoin, anything not having Segwit is NOT Bitcoin.

Fixing malleability is important, but my predilection for Segwit goes much more far than that. It enables a whole new world of second layer and integration posibilities. Lighting Networks will be an AWESOME add... people focus on fee reduction but that's not the main point:

- INSTANT transactions... yep, not one hour, not ten minutes, not one minute, no.... INSTANT.

- Unlimited transaction capacity... Not 3, not 7, not 100, not 1000, not even 1.000.000, no... UNLIMITED <- Think about the "marketing" posibilities of this feature, now think about the press releases, the media coverage, no more "Bitcoin is saturated"... now think about price impact. Yeah, we don't need UNLIMITED atm... but a good marketing punch and price increase is always welcome, isn't it?

- Once we have L2 in place, many of the improvements could be done as an additional layer, reducing complexity of main critical code. Avoid innecesary risks.

- With Rootstock any "advantaging" feature Ethereum might have will be dwarfed. Imagine what other posibilities can be added in the feature <- Yep, I am thinking about market share/dominance now.

I could go on, but those are probably my main reasons for loving Segwit and LN... as you can see, at least for me, it is MUCH MORE than just TPS.

Also, I do agree blocksize increases will be eventually needed. And we can start with the 2MB increase that was agreed in NY agreement. It is perfectly ok to me, not just as a compromise, but because I HOPE it will be needed very soon. (that would mean a 2-10x adoption increase as a payment channel).

$12.000 this year seems a bit too bullish for me. We have had way bigger runs in the past though.

I do agree that even the BTC-E issue could be somewhat bullish. Let's face it, that exchange was operating completely out of any basic regulation.