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

[El duderino_]

Cool. Just caught the dip and bought $1000CAD worth when it was below $4kUSD.
 
It can go up now.  

Got A Nice amount of fiat as wel ready to buy the dip , But Allmost thinking of buying BTH in Its run Haha
BUT no stick with my original plan buy A Nice dip of btc only thinking to buy now or want A little Any suggestions ?

Seems like this BCH train is a nice ride to have... for now. Sadly I missed its last halt so I will just go sleep and check where both trains are tomorrow
Doubt BCH pump will end there though...

Me either. It now 18days, BCH is now taking the third position in market and currently BCH have been extremely bullish. Besides, it also gain the attention of people including the miners due to it profitable to mine.

People that buy BCH with bitcoins or fiat, even as a speculative short term play, are not in their right mind. Very soon they'll be introduced to the concept of bagholding!   

i sure don't buy only trying to find the time to sell like 25-40 percent or something

[d_eddie]

I would call it "orchestrated accumulation of coins". The accumulator is even leaving the market to dip so he can get the order books to his liking before proceeding to buy. I don't know who he is / who they are, but they do have pretty deep pockets

Isn't it obvious that it is Roger Ver and his buddies manipulating the market? South Korea anyone?

You can't buy bitcoins with bitcoins (because that's what ver has). You need cash. Billions. Lots of billions. And billionaires (or funds) have that sort of cash to take the market from 1k->2k->3k->4k->5k, etc.

Neatly stated! This is what I meant in my previous post where I mentioned fresh money going to enter the system. That money isn't going to be Ver&co.

[Last of the V8s]

Eeww someone said 'mainstream adoption'.
could you not swear quite so disgustingly, please, i feel sick now and haven't even had any breakfast

[julian071]

https://bitcoinwisdom.com/markets/kraken/btceur

And exactly for this is why you guys should always leave a bunch of conditional limit orders on Kraken. That way the house isn't the only one banking on their own mess. Not sure if they do it intentionally or not though.

Finally my limit orders did execute, whereas last couple of times they didn't, even tho the charts on bitcoinwisdom said they should've.

That sure was some strange action on Kraken. Huge spread and the price bouncing up and down by 8%.

[podyx]

Wow, BCC at $800.

[BlackFlag]

isn´t it a problem that there are miners hasing at 90% of the BCH network??
what about the 51% attacks which we have feared in the BTC past?

[BlackFlag]

isn´t it a problem that there are miners hasing at 90% of the BCH network??
what about the 51% attacks which we have feared in the BTC past?

The 90% of mining is probably the miner who would 51% Bitcoin if they had the chance so they're not going to 51% themselves.

but then that miner can manipulate the BCH-system?

[d_eddie]

isn´t it a problem that there are miners hasing at 90% of the BCH network??
what about the 51% attacks which we have feared in the BTC past?

The 90% of mining is probably the miner who would 51% Bitcoin if they had the chance so they're not going to 51% themselves.

but then that miner can manipulate the BCH-system?

That miner probably co-owns it! 

[HanvanBitcoin]

Looks like the BCH pump continues today 

[BlackFlag]

isn´t it a problem that there are miners hasing at 90% of the BCH network??
what about the 51% attacks which we have feared in the BTC past?

The 90% of mining is probably the miner who would 51% Bitcoin if they had the chance so they're not going to 51% themselves.

but then that miner can manipulate the BCH-system?

That miner probably co-owns it!  

So I guess the pumping, which comes most likely from Korea, is one big manipulation from the miner which will dump his own coins to his own price when time is right...
awsome!

[fragout]

They are making a move for control and i am surprised people are just dismissing this so lightly. There are millions of $ changing hands here (over $3 billion volume). What happens if mining BCH is 2X or more profitable than BTC and the other miners jump ship on mass? .
Im getting really tired of bitcoin as a whole. Never ending drama which will imo eventually kill it.

Roger Ver‏Verified account @rogerkver  18h18 hours ago
More
 The original economic code that led to Bitcoin's great success is alive and well in the form of #BitcoinCash. Watch what happens next:

If a small group can affect the bitcoin market like this, what chance has it long term against bigger players?

[Elwar]

They are making a move for control and i am surprised people are just dismissing this so lightly. There are millions of $ changing hands here (over $3 billion volume). What happens if mining BCH is 2X or more profitable than BTC and the other miners jump ship on mass? .
Im getting really tired of bitcoin as a whole. Never ending drama which will imo eventually kill it.

Roger Ver‏Verified account @rogerkver  18h18 hours ago
More
 The original economic code that led to Bitcoin's great success is alive and well in the form of #BitcoinCash. Watch what happens next:

If a small group can affect the bitcoin market like this, what chance has it long term against bigger players?

Bitcoin is still going strong. I am buying some stuff from Amazon right now.

The price is down a couple percent from this morning but still a pretty decent price. The only thing bcash accomplished today was holding off another bitcoin ATH this weekend.

[gentlemand]

Im getting really tired of bitcoin as a whole. Never ending drama which will imo eventually kill it.

If a small group can affect the bitcoin market like this, what chance has it long term against bigger players?

Ever thought that's exactly how They want you to feel?

The Bitcoin market is still laughably thin. Anyone with the means can fully fuck with it.

Unless humans can be removed from it, I don't think it's going to end up how it was originally planned to be.

[El duderino_]

the time has broken for me to buy me some cheap BTC's spending some fiat

[Ludwig Von]

the time has broken for me to buy me some cheap BTC's spending some fiat

  I ran out of fiat already, again... . Bad at catching falling knives... .

[El duderino_]

the time has broken for me to buy me some cheap BTC's spending some fiat

  I ran out of fiat already, again... . Bad at catching falling knives... .

haha same here so this time must have it on the right end

[Ludwig Von]

Im getting really tired of bitcoin as a whole. Never ending drama which will imo eventually kill it.

If a small group can affect the bitcoin market like this, what chance has it long term against bigger players?

Ever thought that's exactly how They want you to feel?

The Bitcoin market is still laughably thin. Anyone with the means can fully fuck with it.

Unless humans can be removed from it, I don't think it's going to end up how it was originally planned to be.

I don 't believe this is actions by individuals. This is the PBOC moving China from BTC to BCH. Thru the actions of what seems to be individuals.

[aesma]

As a bothhodler for me it's like if BTC was over 4000€ now.

They are making a move for control and i am surprised people are just dismissing this so lightly. There are millions of $ changing hands here (over $3 billion volume). What happens if mining BCH is 2X or more profitable than BTC and the other miners jump ship on mass? .
Im getting really tired of bitcoin as a whole. Never ending drama which will imo eventually kill it.

Roger Ver‏Verified account @rogerkver  18h18 hours ago
More
 The original economic code that led to Bitcoin's great success is alive and well in the form of #BitcoinCash. Watch what happens next:

If a small group can affect the bitcoin market like this, what chance has it long term against bigger players?

"economic code" what is that ?

I guess BTC can always change the difficulty adjustment to counter, that way if miners migrate en masse BTC difficulty goes down quickly, miners come back, etc.

Still it's messy.

[krizniq]

it's definitely not that easy for BTC to implement diff adjustments so quickly
so it may end up with high diff and low mining power ... then btc is screwed

[Elwar]

The only thing happening right now is that all of those people that wanted to cash their bcash for bitcoins already went through all of the trouble to do so. Now Ver and Wu are pumping their own bitcoins into bcash (I have seen the 500+ BTC buys pushing the price up on finex) and they are met with little resistance because nobody with bcash is there waiting to push the price back down.

Once the price motivates enough people to install the wallet and get their bcash to the exchange, the bcash price will crash.