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

[becoin]

A funny thing happened on the way to the bullion market:

Provident Metals had stopped taking Bitcoin as payment!  That was a shock, so I had to open an account with jmbullion.com who still did.  I have not checked back with Provident to see if they have changed their minds, but for whatever reason they stopped taking BTC

Interestingly, you used to receive the max discount for using bitcoin on JM Bullion (same as paying with check or bank transfer), but now it's more expensive to pay with BTC there lol.  So bullion dealers no longer like people paying with BTC for whatever reason even though they stated people who purchased using bitcoin spent more money than normal customers.

Roachy, you've lost your mind! Take a break and visit a doctor!

Not only bullion but every bitcoin related market exercised extra caution last couple of days. We all know the reason. They'll resume Bitcoin payments tomorrow if not today!

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[williamuk]

A funny thing happened on the way to the bullion market:

Provident Metals had stopped taking Bitcoin as payment!  That was a shock, so I had to open an account with jmbullion.com who still did.  I have not checked back with Provident to see if they have changed their minds, but for whatever reason they stopped taking BTC

Interestingly, you used to receive the max discount for using bitcoin on JM Bullion (same as paying with check or bank transfer), but now it's more expensive to pay with BTC there lol.  So bullion dealers no longer like people paying with BTC for whatever reason even though they stated people who purchased using bitcoin spent more money than normal customers.

That is what everyone should be focusing on

[Ibian]

I just want to go with whichever chain allows me to buy a coffee now...and when I am an old man looking back 50 years from now I can point to that transaction and say "that was my transaction...it was a coffee and it was delicious".

Why not just use physical silver and then you don't have to worry about all your transactions being tracked and monitored in an Orwellian-style dystopia?

Because nobody accepts your dumb metal as payment. And cameras are a thing.

[Torque]

Ever since Bcash launched, I see more and more trolls and shills for that shitcoin on this thread. And they all seem to be really irritated. Likely because their precious coin keeps falling in price.

Reminds me of a certain political party in the U.S. Even when their side finally "wins" and gets in power, they still remain angry and bitch and complain the entire fkn time.

Why not just use physical silver and then you don't have to worry about all your transactions being tracked and monitored in an Orwellian-style dystopia?

Because if he tried doing today that he would be laughed out of the coffee shop?

[cashodler]

Ever since Bcash launched, I see more and more trolls and shills for that shitcoin on this thread. And they all seem to be really irritated. Likely because their precious coin keeps falling in price.

Reminds me of a certain political party in the U.S. Even when their side finally "wins" and gets in power, they still remain angry and bitch and complain the entire fkn time.

It's not BCash, it's Bitcoin Cash.

[Torque]

It's not BCash, it's Bitcoin Cash.

You big blockers can call your abortion fork coin whatever you want to call it.

We "Bitcoiners" will refer to it as BCash. Or shitcoin clone. Whichever.

[bitserve]

It's not BCash, it's Bitcoin Cash.

You big blockers can call your abortion fork coin whatever you want to call it.

We "Bitcoiners" will refer to it as BCash. Or shitcoin clone. Whichever.

I think Bash sounds good.

[d_eddie]

It's not BCash, it's Bitcoin Cash.

You big blockers can call your abortion fork coin whatever you want to call it.

We "Bitcoiners" will refer to it as BCash. Or shitcoin clone. Whichever.

I think Bash sounds good.

Or even "Ash", after some price movement eventually makes short work of it.

[JayJuanGee]

It's not BCash, it's Bitcoin Cash.

You big blockers can call your abortion fork coin whatever you want to call it.

We "Bitcoiners" will refer to it as BCash. Or shitcoin clone. Whichever.

I think Bash sounds good.

Yeah.. Bash.. Btch, or whatever

[notme]

It's not BCash, it's Bitcoin Cash.

You big blockers can call your abortion fork coin whatever you want to call it.

We "Bitcoiners" will refer to it as BCash. Or shitcoin clone. Whichever.

Pride cometh before the fall.  I'm betting on both horses (by doing nothing), so I'm covered either way.  BTC is worth the same as before the fork, so why be greedy and dump BCH?  If you haven't dumped it, the only reason to bash it is because you're afraid of it.

[xhomerx10]

You are correct.  Random noobs on this forum INCORRECTLY stated that the only valid game theory path was to dump BCH (think it was derived from some nonsense Szabo fabricated).  He made the error of assuming you're required to keep one token at all.  The real optimal path is to dump both of them in event of rough consensus attack.  If you refuse to dump both for whatever reason, then the optimal path to try and minimize loss would just be to hold all of them.

I like and own several other cryptocoins, and still I consider BCH a joke of a shitcoin.

Yea well, I consider bitcoin a useless shitcoin compared to physical silver coins, but holding bitcoin has been more profitable recently.

 Come on r0ach, recently?  You can't be serious.
Don't make me break out the 6 year chart.

I've been hating on silver ever since I bought my coins.  They are nowhere near as exciting as Bitcoin.

[gembitz]

   

BTCBTC~thought of the day#

$3000 closeeeee...*

[d_eddie]

It's not BCash, it's Bitcoin Cash.

You big blockers can call your abortion fork coin whatever you want to call it.

We "Bitcoiners" will refer to it as BCash. Or shitcoin clone. Whichever.

Pride cometh before the fall.  I'm betting on both horses (by doing nothing), so I'm covered either way.  BTC is worth the same as before the fork, so why be greedy and dump BCH?  If you haven't dumped it, the only reason to bash it is because you're afraid of it.

I haven't dumped it. I'm covered either way. I'm not afraid. I'm annoyed by the power struggles of evil Dr.Sumthings around the world that want to impose their will to a whole community, with the likely hope of being able to manipulate the rules at will once they're in control. The evil Dr.Sumthing always fails in the end, as we all know from uncountable James Bond movies. That's why I'm not afraid.

TL;DR: Not afraid, but pissed off.

[rjclarke2000]

I'm not excited yet. Seen this before.

Friday pumpy, weekend dumpy.

But of course I'm still bullish!


Edit. To be honest we need to go up a lot more before I class this as a pump. % terms this is nothing

Look at you..... 


Grumpy.

This price movement is bullish as fuck.

I was hoping that we would not get to ATH until the end of the month, but looks like within the next 12 hours, perhaps?

And, pump does not necessarily mean a dump, and even if there is a dump, we still be good. 

I had been kind of thinking a correction to $2400 or so would be reasonable, but we barely reached $2600s, and then back up again... My gosh.. the honey badger doesn't wanna take a bit of a breather..          

Grumpy?

Yeah ok, I will accept that one. Maybe I was just having a bad morning.

Come on bitcoin, about time your smashed the 3k mark! Stop pissing around.

[AlexGR]

He was right, though.  The fact that BCH has fast difficulty adjustment and bitcoin doesn't while the Chinese control most of the hash power is gonna be mega-problems for BTC.

A fast difficulty adjustment works both ways. Say a lot of SHA256 power goes into bch...it rapes mining for a few tens of blocks with low diff and then miners switch back to Bitcoin, while bch hangs there, waiting for miners, but nobody is mining it due to high difficulty. It'll take hours to get it unstuck.

The effect on bitcoin is a few delayed blocks, while the fast-adjusting bch will have created an anomaly similar to how multi-pools rape altcoins - while getting raped itself and then left for hours to come down. The altcoin market has shown that the fast-adjusting coin is more exploitable and disrupted from multi-pools.

The problem cannot be easily solved for bch because if you try a detection mechanism that checks whether the blocks aren't arriving to do a massive diff cut, then you are going into an uneven mining pattern, accelerating inflation.

In other news:

Difficulty [ million ]   860,222
Next difficulty prediction [ million ]   895,877
Difficulty increase prediction [ % ]   4.1%
Next retarget [ in days ]   5.3
Network hash rate [ tera hashes / s ]   6,412,936
Last update [ UTC ]   8/4/2017 11:59:00


Diff in bitcoin is going up - mining power keeps increasing.

[eXpl0sive]

It's not BCash, it's Bitcoin Cash.

You big blockers can call your abortion fork coin whatever you want to call it.

We "Bitcoiners" will refer to it as BCash. Or shitcoin clone. Whichever.

I think Bash sounds good.

Yeah.. Bash.. Btch, or whatever

BitCH?

[notme]

He was right, though.  The fact that BCH has fast difficulty adjustment and bitcoin doesn't while the Chinese control most of the hash power is gonna be mega-problems for BTC.

A fast difficulty adjustment works both ways. Say a lot of SHA256 power goes into bch...it rapes mining for a few tens of blocks with low diff and then miners switch back to Bitcoin, while bch hangs there, waiting for miners, but nobody is mining it due to high difficulty. It'll take hours to get it unstuck.

The effect on bitcoin is a few delayed blocks, while the fast-adjusting bch will have created an anomaly similar to how multi-pools rape altcoins - while getting raped itself and then left for hours to come down. The altcoin market has shown that the fast-adjusting coin is more exploitable and disrupted from multi-pools.

The problem cannot be easily solved for bch because if you try a detection mechanism that checks whether the blocks aren't arriving to do a massive diff cut, then you are going into an uneven mining pattern, accelerating inflation.

BCH is only fast adjusting for difficulty drops when blocks are taking too long.  Miners who want to raise difficulty have the same 2016 block period to deal with.

[empowering]

..... meanwhile back at zee farm in the mutherland

https://news.bitcoin.com/germanys-largest-bitcoin-exchange-hands-over-customer-data-voluntarily/

"The biggest bitcoin marketplace in Germany, Bitcoin.de, has been giving customer data to German police voluntarily. According to the country’s regional Motherboard publication, investigators in the region have been dedicating energy towards taking down darknet markets. The report details it is “easy for police to access user data” from the Bitcoin.de exchange.

Data given to police includes bitcoin addresses, names, associated emails, locations, account summaries, IP addresses, and login history. One customer, Stephan Jansen from Southern Germany is not pleased with Bitcoin.de’s voluntary disclosure.

“I am speechless,” explains Jansen. “I thought this is a serious company and that my data is safe there.”    "





Zeyy have ways of making you talk.... But apparently they just had to ask.

[Paashaas]

It's not BCash, it's Bitcoin Cash.

Cash? You can do nothing with it, if you want to spend it you still needs to exchange it to the real Bitcoin  

   

BTCBTC~thought of the day#

$3000 closeeeee...*

Thank you for youre wisdom, our ultimate bullish Bitcoin bull Gembitz  

[pfrtlpfmpf]

Come on, "rOach" can´t be real, he´s just teasing us. On the other hand, what would we do without him. Or her. Even that´s not clear yet.
One thing is for certain: a girl never calls herself "roach"   I´m sure.