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

[fluidjax]

The fact that a $40B network is now running on BTC1 should give everyone pause for concern.

Miners are not the network, they are service providers. (with an inflated sense of self importance & megalomania)
*We* are the network, if miners provide us with bad blocks we will reject them.

By that definition "we" only applies if you run your own node.  I suspect there are not many "we" here.

We support our preferred fork or technology by choosing how we transact with our coins.
So depending on which merchant or exchange we use, expresses that choice.

I not trying to say that the miners aren't important, just that the Bitcoin network is not the miners, its is the sum of all its parts, and the most important part are the users.
I believe we must appreciate our position of power, and not simply give it up to those who don't give weight to the most important part of Bitcoin which is Decentralisation.

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[Meuh6879]

Update : https://www.xbt.eu/ (144 Blocks)

[JakaE]

Hi guys. I have a question about exchanges supporting both coins in case of a split...

Douring the BU fiasco, a bunch of big exchanges pledged that they would support both coins... (www.cryptocoinsnews.com/18-bitcoin-exchanges-say-theyre-ready-for-a-bitcoin-split)

So my question is, does this agreement still stand and does it mean that customers will receive both coins or does it just mean that they will allow trading of the second coin?

[yermom]

People, don't pay attention to REAL speculators

BITCOIN there is only one, and shouldn't be controlled. I believe in it, or she, and you? What is the purpose on getting a shitcoin to dump if you can pump the original, making she skyrocketing till the bloody end of money?

Let's go!!!!

[fluidjax]

Hi guys. I have a question about exchanges supporting both coins in case of a split...

Douring the BU fiasco, a bunch of big exchanges pledged that they would support both coins... (www.cryptocoinsnews.com/18-bitcoin-exchanges-say-theyre-ready-for-a-bitcoin-split)

So my question is, does this agreement still stand and does it mean that customers will receive both coins or does it just mean that they will allow trading of the second coin?

For a definite answer you are going to need to speak to each exchange. But why would you take the risk, just withdraw the coins to your own wallet (you have the private keys) for a short time, while there is a risk of a fork.

[bitserve]

And when everyone was almost counting on a near-miss lock-in in this period, some minor pools join signaling and chances are high again. If f2pool joins too in the next few hours, it will be a sure thing. Otherwise, it will lock-in at second activation period (which is what was planned per the agreement).

Also, segwit2x (intention) has already risen up to almost 95%.

This is going to be a non contentious issue, and that's good for everyone.

[Meuh6879]

Warning Alert "Di Do Di Do Di Do Di Do Di Do Di Do !".


https://www.cryptocoinsnews.com/18-bitcoin-exchanges-say-theyre-ready-for-a-bitcoin-split

The 18 exchanges include :

- Bitfinex,
- Bitso,
- Bitbank,
- Bitonic,
- Bitstamp,
- Bitsquare,
- Bittrex,
- Bitt,
- BTCC,
- Btcchina.com,
- Coincheck,
- Coinfloor,
- Kraken,
- QuadrigaCX,
- Ripio,
- ShapeShift,
- The Rock Trading Ltd.
- and 7Laif.

https://news.bitcoin.com/predicting-the-august-1-split-flow-chart-the-hard-way/

This includes exchanges such as :

- Bity,
- GDAX and Coinbase,
- China’s top three trading platforms,
- and thirteen Japanese cryptocurrency exchanges





On August 1 specifically, these exchanges say they will likely disable deposits and withdrawals, and possibly halt trading as well.

[luckygenough56]

Most probable scenario is up to 2600 this week-end which will be a trap of course, cause bitcoin will go to 1200 or 1400 after that. Seems riskey to pump now tho with the exchanges closing. Seems like one of these moments where you wanna stay in fiat.

[Elwar]

80 blocks needed with 100 blocks to go with 80.5% in the past 144.

It could lock in this round. It might come down to the wire.

[bikerleszno]

98 blocks before current lock-in period ends. Still 79 blocks needed for a lock-in.
There are 79.8% BIP91 blocks mined in the current period.


It would be better if F2Pool will join to BIP91. Then we are for sure in lock-in period ends

[becoin]

It would be better if F2Pool will join to BIP91.

Why? Don't all of us want to buy more cheap bitcoins?

[bikerleszno]

It would be better if F2Pool will join to BIP91.

Why? Don't all of us want to buy more cheap bitcoins?

So buy now This year will break 4000$ for sure

[Elwar]

Tomorrow should be interesting. Like the Friday of the ETF decision.

But this time everyone watching blocks.

[yermom]

It would be better if F2Pool will join to BIP91.

Why? Don't all of us want to buy more cheap bitcoins?

So buy now This year will break 4000$ for sure

Exactly, I only want my current coins worth infinite/nothing

[bitserve]

Tomorrow should be interesting. Like the Friday of the ETF decision.

But this time everyone watching blocks.

Except that this time what's on the table is only if we lock-in segwit by friday or by sunday. What we don't really know is how big will be the effect on price nor if it will be inmediate or along the next days, weeks, months.

My bet is that there will be a minor pump when the lock-in is a sure thing, then positive news will come out, more pump.... but still some fear until segwit is completely in place and demonstrates there are no standing issues.

Maybe enough to retest ATH by early August.

Anyway, the full effect of having solved the scaling debate will come in the after-summer mooning (september-december).

Or maybe not....

[bitserve]

80.5% now and price rising along.

GBMiners also started signaling.

[Spaceman_Spiff]

Nice jump upwards.

[FractalUniverse]

wow, what a pump

[bitserve]

Impressive uh?

So predictible...

Where's everyone? Busy trying to chase price with limit orders that get left behind?

[ErisDiscordia]

So what about this big green hourly dildo - any news?