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

[Ted E. Bare]

Bottom sellers predicting pre-halving prices. What a surprise.

[york780]

I dont predict it. Lots ot experienced chart analists predict it.

[springgers]

I dont predict it. Lots ot experienced chart analists predict it.

So what do you expect the price to be at in at the end of the stock market trading day?
These pre-halving prices as the Bear above you says it will be?
That is $725 range.
I can't see it dropping nearly half it's current price cap right now.

[york780]

I also dont expect that. But a final C downmove fits in the patern to 900EUR. His pattern is 100% accurate. I just wanted it to share with you guys, knowledge is everything!

[Biodom]

This 1 is 100% correct. ABC move thats what going on : https://www.tradingview.com/chart/BTCUSD/ST356mvt-03062334-BITCOIN-BE-PREPARED/

Thank me later  

Safe your fiat and buy more in the dip !

possible, but so it hundreds of other moves.
a broken clock is right twice a day and TA does not work reliably.

I also dont expect that. But a final C downmove fits in the patern to 900EUR. His pattern is 100% accurate. I just wanted it to share with you guys, knowledge is everything!

you cannot say that his pattern is accurate when it did not happen yet.
let's wait and see if it was accurate or not.

My prediction is IF we split into two branches (BTC and BTU), then the totality of these two will wither down to $550-700.
Once a winning branch is identified by the market, the winning part (BTC most likely) will go to $3000-4000 within 6-12 mo.

I also suggest that current turmoil is aimed at rearranging bitcoin ownership. There too many coins in "early" hands. Market turmoil will tend to mix it up. Many early birds will probably sell and new hands will pick them up and become new strong holders.

[infofront]

http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

According to the statement – backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say "may be inevitable".

That's some really great news!
The big exchanges would list BU as an alternative asset in terms of a network split!
So even with less hashrate BTC keeps being BTC.Awesome!

I'm a bit technically ignorant about this. Would the BTC need to be sitting on an exchange at the time of fork? I'm just wondering because I have some sitting in a multibit wallet.

[york780]

Personally i dont think that we will see a BU coin. Thats a kamikaze mission for BU and also the miners who have higher costs than profit. Also i dont see 3k or 4k soon. Lots of newbies got scared of this fork treat. Also when Segwit it activated i expect a next bull run with the same speed as this 1, so at the end of the year 1500$ seems within reach IF we fix this scaling issue fast! Lots of people got rekt when Bitcoin really forks, traders like me, hodlers, miners and the bitcoin currency itself. Bitcoin will give a big marketcap away when it forks to Monero and Ehtereum, Dash etc. We cant allow that!

[Biodom]

http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

According to the statement – backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say "may be inevitable".

That's some really great news!
The big exchanges would list BU as an alternative asset in terms of a network split!
So even with less hashrate BTC keeps being BTC.Awesome!

I'm a bit technically ignorant about this. Would the BTC need to be sitting on an exchange at the time of fork? I'm just wondering because I have some sitting in a multibit wallet.

they requested code to clearly separate chains to make replay attacks impossible.
Replay attacks were a major nuisance in ETH/ETC split.
If you do nothing during a putative split, then, when you transfer to exchange, an exchange with proper coding should split your old coins and give you coins on both branches. Of course, some exchanges might not do it or do it late. Polo split eth/etc early, but Coinbase procrastinated.

[infofront]

Personally i dont think that we will see a BU coin. Thats a kamikaze mission for BU and also the miners who have higher costs than profit. Also i dont see 3k or 4k soon. Lots of newbies got scared of this fork treat. Also when Segwit it activated i expect a next bull run with the same speed as this 1, so at the end of the year 1500$ seems within reach IF we fix this scaling issue fast! Lots of people got rekt when Bitcoin really forks, traders like me, hodlers, miners and the bitcoin currency itself. Bitcoin will give a big marketcap away when it forks to Monero and Ehtereum, Dash etc. We cant allow that!

I see the BU threat as a heavy weight holding BTC down, compressing it like a spring. If we can get BU out of the picture - watch out.

[Biodom]

Personally i dont think that we will see a BU coin. Thats a kamikaze mission for BU and also the miners who have higher costs than profit. Also i dont see 3k or 4k soon. Lots of newbies got scared of this fork treat. Also when Segwit it activated i expect a next bull run with the same speed as this 1, so at the end of the year 1500$ seems within reach IF we fix this scaling issue fast! Lots of people got rekt when Bitcoin really forks, traders like me, hodlers, miners and the bitcoin currency itself. Bitcoin will give a big marketcap away when it forks to Monero and Ehtereum, Dash etc. We cant allow that!

I see the BU threat as a heavy weight holding BTC down, compressing it like a spring. If we can get BU out of the picture - watch out.

exactly

[infofront]

http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

According to the statement – backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say "may be inevitable".

That's some really great news!
The big exchanges would list BU as an alternative asset in terms of a network split!
So even with less hashrate BTC keeps being BTC.Awesome!

I'm a bit technically ignorant about this. Would the BTC need to be sitting on an exchange at the time of fork? I'm just wondering because I have some sitting in a multibit wallet.

they requested code to clearly separate chains to make replay attacks impossible.
Replay attacks were a major nuisance in ETH/ETC split.
If you do nothing during a putative split, then, when you transfer to exchange, an exchange with proper coding should split your old coins and give you coins on both branches. Of course, some  exchange might not do it or do it late. Polo split eth/etc early, but Coinbase procrastinated.

Thanks

[600watt]

http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

According to the statement – backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say "may be inevitable".

That's some really great news!
The big exchanges would list BU as an alternative asset in terms of a network split!
So even with less hashrate BTC keeps being BTC.Awesome!

i bet the exchanges sort of like the drama. votality is what brings them revenue. on the other hand, they don´t want to kill the cow they are milking. them sayin two cows "may be inevitable" is kind of funny. or genuine.

imho we should better find a compromise and keep one chain.

i am a core supporter. let´s get an initiative going. something like

"core fanboys pro 2mb hardfork"  

[petahashminer]

i think this is not gentleman.

what is the meaning of recent rise,

bear trap ?

i hate them all... 

[BitcoinNewsMagazine]

http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

According to the statement – backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say "may be inevitable".

That's some really great news!
The big exchanges would list BU as an alternative asset in terms of a network split!
So even with less hashrate BTC keeps being BTC.Awesome!

I'm a bit technically ignorant about this. Would the BTC need to be sitting on an exchange at the time of fork? I'm just wondering because I have some sitting in a multibit wallet.

If a hard fork is imminent and you want to preserve your options you should have your bitcoin on your own computer and run both Bitcoin Core and Bitcoin Unlimited. After the fork you will have double your bitcoin with the same balance on each fork. But added together the total value will be less than before the fork is my best understanding. We really want to avoid a contentious hard fork.

[deepcolderwallet]

http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

According to the statement – backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say "may be inevitable".

That's some really great news!
The big exchanges would list BU as an alternative asset in terms of a network split!
So even with less hashrate BTC keeps being BTC.Awesome!

Will it be possible to mine BTC with GPU again?

[alexeft]

Will it be possible to mine BTC with GPU again?

That is a good question. Does anyone know?

[eddie13]

I think no..

If it does fork and their is little hash on a fork, the difficulty will still stay sky high, so blocks will just be extremely slow..
Maybe you can cpu mine a fork after difficulty retargets, but if hash is low enough for you to mine with a cpu, then it pretty much won't be worth anything..
If I understand correctly, which is 50/50 chance..

[infofront]

Will it be possible to mine BTC with GPU again?

That is a good question. Does anyone know?

Absolutely not. I mean, you can, but you won't generate any appreciable amount of  BTC or BU.

[alexeft]

I think no..

If it does fork and their is little hash on a fork, the difficulty will still stay sky high, so blocks will just be extremely slow..
Maybe you can cpu mine a fork after difficulty retargets, but if hash is low enough for you to mine with a cpu, then it pretty much won't be worth anything..
If I understand correctly, which is 50/50 chance..

Wait a moment. If it forks, it means BU miners have a little more than 50% of the hashing power. Therefore BTC will remain with a little less than 50% and it will retarget the difficulty in a little more than a month instead of two weeks. It's not that bad!

[travwill]

I think no..

If it does fork and their is little hash on a fork, the difficulty will still stay sky high, so blocks will just be extremely slow..
Maybe you can cpu mine a fork after difficulty retargets, but if hash is low enough for you to mine with a cpu, then it pretty much won't be worth anything..
If I understand correctly, which is 50/50 chance..

Wait a moment. If it forks, it means BU miners have a little more than 50% of the hashing power. Therefore BTC will remain with a little less than 50% and it will retarget the difficulty in a little more than a month instead of two weeks. It's not that bad!

Depends on when the fork occurs, and how much hash is left on each chain.  I'm not sure if there is a default time built in but difficultly retargets every 2016 blocks.  If hashpower drops dramatically all of the sudden on a particular fork/chain, then it will take a longer time to find blocks for sure - 15/20/1hour+, so it could take many many weeks to get things back to normal beyond the usual 2 weeks.