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

[WhatsBitcoin]

12 months hours of sideways never hurt nobody

 

[1714617875]

1714617875

[1714617875]

1714617875

[Meuh6879]

Pump ahead.

http://www.zerohedge.com/news/2017-09-26/hyperbitcoinization-bitcoin-trades-85-premium-zimbabwe-priced-7200

The use of Bitcoin in Zimbabwe has grown exponentially as the government has begun to stop all credit card payments and has restricted the flow of cash into and out of the country.

People wishing to make payments for vehicles have been forced to use Bitcoin and car lenders are happy to accept.

In all the chaos, the price of Bitcoin on the local exchange, BitcoinFundi, has soared to $7,200.

[YamashitaRen]

Dump ahead.

Bitcoin is at 3.7k in China.

Or maybe there isn't much relation between bitcoin price in global market and bitcoin price in theses closed markets...

[ragnar0k]

....Maybe markets are betting China will not close?

[404Revolution]

Ah yes, Zimbabwe: the country notorious for level headed, inteligent monetary policy. Zimbabwean bank accounts are the envy of the world, a huge status symbol to bank in Zimbabwe. More billionaires per capita than anywhere else in the world.

[mozillaspez]

Dump ahead.

Bitcoin is at 3.7k in China.

Or maybe there isn't much relation between bitcoin price in global market and bitcoin price in theses closed markets...

There is a huge relation in global market i think you are the new person that saying that look at the media people are arising questions against bitcoin that who are the creator who toke bitcoin to high level and you are talking here like that.

[JayJuanGee]

If we have another fork that even rhymes a little to this one, I can only see bitcoin getting stronger as people buy more in anticipation of the air drop.

Without replay protection, it will be a slow mess to untangle the altcoins though.

If replay protection is not added, then what is going to be the solution, something like 100 confirmations?  Or am I misunderstanding the gravity of the problem and adding confirmations would that not be enough?

[Meuh6879]

400 BTC wall for 3600 Euros (4230 USD).
Easy !

[Odalv]

If we have another fork that even rhymes a little to this one, I can only see bitcoin getting stronger as people buy more in anticipation of the air drop.

Without replay protection, it will be a slow mess to untangle the altcoins though.

If replay protection is not added, then what is going to be the solution, something like 100 confirmations?  Or am I misunderstanding the gravity of the problem and adding confirmations would that not be enough?

Longest chain will win.

[Meuh6879]

and miners mine 2x blocks loose a lot of money, too ...  

[njcarlos]

Slightly off topic: where do you all get your news re: bitcoin, specifically news out of China? Twitter?

[d_eddie]

If we have another fork that even rhymes a little to this one, I can only see bitcoin getting stronger as people buy more in anticipation of the air drop.

Without replay protection, it will be a slow mess to untangle the altcoins though.

If replay protection is not added, then what is going to be the solution, something like 100 confirmations?  Or am I misunderstanding the gravity of the problem and adding confirmations would that not be enough?

100 confirmations should be safe enough, quite hard to reverse that much.
But in a fork/war context it could take days instead of 1000 minutes (16-17 hours).
And doubt about the winning chain can add to the paralyzing effect. IF the fork happens, which still remains to be seen.

[d_eddie]

Dump ahead.

Bitcoin is at 3.7k in China.

Or maybe there isn't much relation between bitcoin price in global market and bitcoin price in theses closed markets...

There is a huge relation in global market i think you are the new person that saying that look at the media people are arising questions against bitcoin that who are the creator who toke bitcoin to high level and you are talking here like that.

Hm? Is Google Translate out of order?

[d_eddie]

Slightly off topic: where do you all get your news re: bitcoin, specifically news out of China? Twitter?

Links (to Twitter, Reddit or other sources) found in this very thread 

[Odalv]

If we have another fork that even rhymes a little to this one, I can only see bitcoin getting stronger as people buy more in anticipation of the air drop.

Without replay protection, it will be a slow mess to untangle the altcoins though.

If replay protection is not added, then what is going to be the solution, something like 100 confirmations?  Or am I misunderstanding the gravity of the problem and adding confirmations would that not be enough?

100 confirmations should be safe enough, quite hard to reverse that much.
But in a fork/war context it could take days instead of 1000 minutes (16-17 hours).
And doubt about the winning chain can add to the paralyzing effect. IF the fork happens, which still remains to be seen.

I think Segwit2x has majority 90-95% of hashpower. It will be solved very quickly :-)

[JayJuanGee]

My only dream is that Altcash heads back to 0.20/btc so I can unload the rest that I have.

My dream is that Altcash will find its way into anonymous ATMs or other OTC channels so I can sell/convert mine without compromising the anonymity of the associated real bitcoins.

I don't. Average Joe is going to have a hell of a time figuring out the difference between a Bitcoin^TM ATM vs. a Bitcoin Cash ATM. Especially when their names sound identical and their logos are virtually identical.

All by design I'm sure.

Powers That Be: "If we can't block the growth of Bitcoin^TM, then we can slow it down or compromise it by confusing the shit out of newbs with similar forks in order to divide, dilute, and conquer. Their sorry asses won't know the difference until they try to spend it somewhere."

I'm sure the next fork will be called Bitcoin Money and have just a slight turn of the logo. Maybe even upside down.  

Annoying isn't it?

It's hard enough to find ATMs with decent fees that allow you to sell coins and even harder to find ones that handle ETH or LTC. I've never seen any other alt available through an ATM.

My best hope is for an OTC source. I dream wistfully for the good old days when most exchanges were completely anonymous.

I'm sure that you could find someone through local bitcoins or some other direct way to interact in order that you could preserve your anonymity.  However, you do have to split your coins first, and I thought that one point you said that you were keeping your coins on a whole bunch of fucking paper wallets, and there could be some logisitics with getting all of that sorted out; however, it is not a daunting task. 

Personally, I had some issues with splitting the BCH from my blockchain.info wallet - and there seems to have been more simple solutions than what I did; however, ultimately, I created a new Electron Cash wallet for every blockchain.info address that I had (there were 57 of them) in order to separately receive the BCH from each of them.  I only had BCH on 33 addresses, but I went through all of the addresses in order to make sure that I did not accidentally miss any of them.

So, each address that had BCH, I transferred the BCH to my bitfinex account (using a different address each time); however, if you don't want to create such an account, it seems that you could find someone willing to assist you with all of that by using their account, and maybe charging you a 5-10% fee or something?  Then seems to me that you would preserve your anonymity.  I would do that for one of my regular local bitcoin's contacts, and they are already used to paying me approximately 5% just to buy or sell bitcoin through me... so likely something could be worked out.

Another thing that you could do, is establish some random throw-away account that does not require KYC in order to convert your BCH yourself... wasn't Bittrex one of the exchange services that some folks were using for quickie reclamation of BTC for their BCH?

[Meuh6879]

I think Segwit2x has majority 90-95% of hashpower. It will be solved very quickly :-)

and 0% of full node to keep or accept the 2Mb Block size ... 
Miners can not force node to "change" of software.

[njcarlos]

Slightly off topic: where do you all get your news re: bitcoin, specifically news out of China? Twitter?

Links (to Twitter, Reddit or other sources) found in this very thread 

Once it's in this thread it's already old news unfortunately.

[fluidjax]

If we have another fork that even rhymes a little to this one, I can only see bitcoin getting stronger as people buy more in anticipation of the air drop.

Without replay protection, it will be a slow mess to untangle the altcoins though.

If replay protection is not added, then what is going to be the solution, something like 100 confirmations?  Or am I misunderstanding the gravity of the problem and adding confirmations would that not be enough?

Longest chain will win.

Longest chain, or you mean the chain with the most work, if fact neither mean very much. Its way more complex that looking at what miners want.

[JayJuanGee]

This is usually dismissed by them and I suppose its human nature to want 1 or more of something rather than a piece.

Yes, human nature, but still non-sensical.

Suppose I finally own 1.0 btc, but then I want to purchase something for 0.02 btc. If I purchase it, should I now be sad that I don't own a whole bitcoin anymore?

See this why most average people get left behind on almost everything. Because their internal system of rationality is deeply flawed.

It reminds me of the whole "Oh I want to be a millionaire^TM!" saying. Like having a million dollars really means what it used to 30-40 years ago. And like you should feel sad if you only have $990K, because technically you're not a millionaire.

Yep... look at Torque....     Speaking da true!!!!  


I will concede that I had some misconceptions about buying bitcoins in one unit and having to treat them as whole units, and sure it took me a day or so to get that bullshit thinking out of my then BTC newbie head... so yeah, if people really want to attempt to use their brain, like a person, rather than a chimpanzee, then they should be able to figure the shit out.  

And, we actually do find that lots of people do figure this shit out, and if they want to get left behind and if demand for BTC and the price stays down (for a while) because of this, then those of us who have figured it out are going to be able to buy "cheaper coins"^tm because we were willing to expend 5-30 minutes of human (rather than chimpanzee) brain power on figuring out the divisibility of unit topic.