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

[jojo69]

is there a link to the vid yet?

[1714992653]

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[kurious]

This is what a major American financial news station showed not even an hour ago.
->https://twitter.com/CNBCFastMoney/status/894680240890548225
Unleash the fury!

Nice one, Chef.   

A 'wall of money' - I hope so...!  25K BTC, though - hmm... feels like hyperbole, but I won't complain (or be here any more!).

Let's see if Segwit locks in and then if there are further forks...  A few months to go, surely - unless Wall Street FOMO hits and that wall of money is real.

[Meuh6879]

https://bitcoinandtheblockchain.blogspot.co.uk/2017/08/btc-is-dead-long-live-btc.html
the above is a crappy article but it does have a few points.

no point.
2016 blocks are a financial intensive to avoid fast variation on mining power.
slow blocks don't affect the network with the combinaison of mempool waiting list (20min instead of 10min, 50% less mining power ? Not a problem at all ... but that the mining industries thaht they will have a problem).

network can work in a degraded mode with low mining ressource to permit balance between mining ressource and political pressure.

this article is shit because it point the fact that miners can leave the boat in a day.
when you has 300 000 USD of mining machine and 100 000 USD of bill & loan, you follow the money ... not the political pressure.

You mine blocks on a 3000 USD network ... not on a 300 USD network.
Mining are like that.

And it's good.

[European Central Bank]

No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. 

I cashed a few BCH in, I think I might hold the rest for now - just in case...

yep. that was my point.

[criptix]

No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. 

I cashed a few BCH in, I think I might hold the rest for now - just in case...

yep. that was my point.

At the moment miners leave the BTC chain it will become more economical viable for other miners to mine on the BTC chain.
(While the price is stable of course)

[marcus_of_augustus]

At the moment miners leave the BTC chain it will become more economical viable for other miners to mine on the BTC chain.

... and the defenders of the true coin will begin waves of dumping on BCH. Mine Bcash at your own risk, and losses.

[Torque]

This is what a major American financial news station showed not even an hour ago.
->https://twitter.com/CNBCFastMoney/status/894680240890548225
Unleash the fury!

Nice one, Chef.  

A 'wall of money' - I hope so...!  25K BTC, though - hmm... feels like hyperbole, but I won't complain (or be here any more!).

Let's see if Segwit locks in and then if there are further forks...  A few months to go, surely - unless Wall Street FOMO hits and that wall of money is real.

I get a little nervous when MSM starts actually turning pro-bitcoin. I always think, "Why are they suddenly promoting it? What's in it for them?" They've been relentlessly negative and dismissive for 8 years. Even at times laughing at Bitcoiners.

[marcus_of_augustus]

Japan is leading again ... 08:30 in Tokyo.

Wall St. is being dragged into this kicking and squealing like spoiled girls, BitLicence ... oh yeah, that ought to stop bitcoin 

[JimboToronto]

Just checked the prices and I see my coins are worth over $4.7kCAD each, over $4.3k as BTC and over $400 as BCH.

Not bad. I'm glad I made the decision to be a double holder (for now).

 

[kurious]

No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. 

I cashed a few BCH in, I think I might hold the rest for now - just in case...

yep. that was my point.

And it was an interesting one.  Hedging bets is always a good idea.

I was thinking 'thousands of bucks for free' and yet now I am thinking 'maybe I should hang on'

The profit ratio deficit has closed massively in a few days and BCH is already clipping over $300 - not much more and it's possibly at mining profit parity....  Always expect the unexpected and live a little easier: BTC was never an easy ride, and no one here knows what may come next.

I guess my thoughts are... How you gonna feel if BCH soars and BTC tanks if you sold 'em all at $200?

[criptix]

This is what a major American financial news station showed not even an hour ago.
->https://twitter.com/CNBCFastMoney/status/894680240890548225
Unleash the fury!

Nice one, Chef.   

A 'wall of money' - I hope so...!  25K BTC, though - hmm... feels like hyperbole, but I won't complain (or be here any more!).

Let's see if Segwit locks in and then if there are further forks...  A few months to go, surely - unless Wall Street FOMO hits and that wall of money is real.

I get a little nervous when MSM starts actually turning pro-bitcoin. I always think, "Why are they suddenly promoting it? What's in it for them?" They've been relentlessly negative and dismissive for 8 years. Even at times laughing at Bitcoiners.

First they ignore you. Check
Then they laugh at you. Check
Then they fight you. Check
Then they join you. ?

[criptix]

No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. 

I cashed a few BCH in, I think I might hold the rest for now - just in case...

yep. that was my point.

And it was an interesting one.  Hedging bets is always a good idea.

I was thinking 'thousands of bucks for free' and yet now I am thinking 'maybe I should hang on'

The profit ratio deficit has closed massively in a few days and BCH is already clipping over $300 - not much more and it's possibly at mining profit parity....  Always expect the unexpected and live a little easier: BTC was never an easy ride, and no one here knows what may come next.

I guess my thoughts are... How you gonna feel if BCH soars and BTC tanks if you sold 'em all at $200?

Pump & dump hust...

[jojo69]

then you win

[kurious]

IIRC... a year ago we were under 500 bucks.

Bitcoin is a hell of a ride, that is the only thing that is certain.

[d_eddie]

BCH Update

There have been 223 blocks mined since the hard fork.

(784 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty.


The original chain has grown 791.72MB more than the Bitcoin Cash blockchain.


It is currently 55% more profitable to mine on the original chain.

Source:https://cash.coin.dance/blocks

And I suppose this estimate doesn't even take ASICboost into account?

[kurious]

This is what a major American financial news station showed not even an hour ago.
->https://twitter.com/CNBCFastMoney/status/894680240890548225
Unleash the fury!

Nice one, Chef.  

A 'wall of money' - I hope so...!  25K BTC, though - hmm... feels like hyperbole, but I won't complain (or be here any more!).

Let's see if Segwit locks in and then if there are further forks...  A few months to go, surely - unless Wall Street FOMO hits and that wall of money is real.

I get a little nervous when MSM starts actually turning pro-bitcoin. I always think, "Why are they suddenly promoting it? What's in it for them?" They've been relentlessly negative and dismissive for 8 years. Even at times laughing at Bitcoiners.

Me too - I can't help being suspicious. Is it 'can't beat them, join them' time, or something else?

That said, I think MSM just takes longer, it's naturally conservative.

BUT: isn't this what we waited for...? 

If Wall Street (in all its stupidity) finally piles in, that 25K Bitcoin could be real.  Only 21 million available and us fuckers ain't selling, plenty are lost and some are buried (Satoshi's?) - so far less to grab.  Hurry up, or miss out of the investment of the century?

I can see that as 'possible'.  And there is me with hardly any to attack me with a five dollar wrench for

Disclosure: I am googling serious security options. And getting a little paranoid.

[kurious]

Just checked the prices and I see my coins are worth over $4.7kCAD each, over $4.3k as BTC and over $400 as BCH.

Not bad. I'm glad I made the decision to be a double holder (for now).

 

Finally the hodler is vindicated - and with riches I trust, Jimbo.

Good for you. Remember to diversify a little, though - you never know, right?

[Meuh6879]

Disclosure: I am googling serious security options. And getting a little paranoid.

tool is important : https://www.youtube.com/watch?v=3bOVOqccmw0

[Syke]

https://bitcoinandtheblockchain.blogspot.co.uk/2017/08/btc-is-dead-long-live-btc.html

the above is a crappy article but it does have a few points.

At least one major flaw...

"Prior to the fork they could not leave. Now they have to be begged and persuaded to stay."

There are lots of SHA-256 blockchains that miners can up and leave for at any time. There are even pools that auto-switch between profitable chains.

[spiderbrain]

Wow, so many high IQ people on this thread that want to prolifically opine on what IQ is or how it does/doesn't have value.

But not one with the insight to have any clue where this Bitcoin market is going, or why.  

True intelligence should be able to identify that some things are unknowable.