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

[ivomm]

Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?

[1714504354]

1714504354

[1714504354]

1714504354

[1714504354]

1714504354

[1714504354]

1714504354

[gembitz]

I did not know luke was so influent there  

How the fuck does a guy go from proposing smaller block sizes, to throwing his support behind BCH ?

It boggles the fucking mind. I can't be sure the man is entirely sane.

Clowns and sellouts everywhere.
Those 100 billions of marketcap look ever more theoretical.

You guys must have not bothered to read the whole Twitter stream, so you are taking his comment completely out of context. LukeJr wasn't throwing his "support" behind BCH. His beef was with Litecoin being a useless coin. He was arguing against some of the supposed merits and utility of Litecoin made by its supporters, and saying that 'well in the context of [said utility], if I'm forced to I'd rather use something like BCH than LTC'. He was just comparing two shitcoins together.

He wasn't saying that he supports BCH, not at all.
https://mobile.twitter.com/LukeDashjr/status/924474801414135813

$twtr has been pumping ~ outrageous BTCBTC grandstanding and puffery is tolerated there :-D lol weeee

[Torque]

Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?

Since Ver/Wu/Wright own 97% of BCH mining, they can do the following:

1. Mine BCH, wash trade, and accumulate BCH on the down low

2. Switch mining hashrate from BTC to BCH

3. Pump BCH, lock up mining blocks, trade BCH for BTC into the pump

4. Switch hashrate back to BTC, pump BTC

5. Sell traded BTC into the pump, or just hold on to it (making them wealthier).

6. Profit

I contend that BCH is still just a money making scam to them. Sad that anyone would fall for that garbage. They don't want BCH, they want your Bitcoin. You'll see all that here soon, when you see BCH drop and BTC start to rise again.

And don't think for a second that their little operation isn't being "subsidized" by outside elements.

[podyx]

[Globb0]

It's too easy to get carried away.

The Martingale

https://i.imgur.com/S0Hc5.gif
Wee.

Your new profile picture makes you different! It feels like it gives you some trolling swag!

What was his old one? Indeed the Ray King give him something more

I liked the astronaut head thing.

The memes pass away the hours with  warm feeling.  

[CristiTCM]

Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?

Thanks for the tip. just bought another 0.1 btc

[bitcoinPsycho]

$6060 on finex

[DaRude]

Well that escalated quickly 

[mike4001]

WOAH WOAH WOAH

whats going on there ..... calm down ...

[Punisher1314]

K-booooooom!! Typicall, everybody watching the BCH pump before it starts plummeting, then BTC skyrockets..

[bitserve]

Someone sold a bunch of BCH to buy moar BTC?

[Rosewater Foundation]

WOAH WOAH WOAH

whats going on there ..... calm down ...

The foundation just made a sizeable investment in Bitcoin. You're welcome.

[bones261]

Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?

Since Ver/Wu/Wright own 97% of BCH mining, they can do the following:

1. Mine BCH, wash trade, and accumulate BCH on the down low

2. Switch mining hashrate from BTC to BCH

3. Pump BCH, lock up mining blocks, trade BCH for BTC into the pump

4. Switch hashrate back to BTC, pump BTC

5. Sell traded BTC into the pump, or just hold on to it (making them wealthier).

6. Profit

I contend that BCH is still just a money making scam to them. Sad that anyone would fall for that garbage. They don't want BCH, they want your Bitcoin. You'll see all that here soon, when you see BCH drop and BTC start to rise again.

And don't think for a second that their little operation isn't being "subsidized" by outside elements.

The problem with your assessment is that the two major mystery miners(probably two farms run by Jihan Wu) have not moved any of the coins that they mined.

https://www.blocktrail.com/BCC/address/17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg/transactions/out/0
https://www.blocktrail.com/BCC/address/1BgatB78WrFLdCgnPnBqiDcNFFA46jkPZe/transactions/out/0

[Ludwig Von]

Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?

Since Ver/Wu/Wright own 97% of BCH mining, they can do the following:

1. Mine BCH, wash trade, and accumulate BCH on the down low

2. Switch mining hashrate from BTC to BCH

3. Pump BCH, lock up mining blocks, trade BCH for BTC into the pump

4. Switch hashrate back to BTC, pump BTC

5. Sell traded BTC into the pump, or just hold on to it (making them wealthier).

6. Profit

I contend that BCH is still just a money making scam to them. Sad that anyone would fall for that garbage. They don't want BCH, they want your Bitcoin. You'll see all that here soon, when you see BCH drop and BTC start to rise again.

And don't think for a second that their little operation isn't being "subsidized" by outside elements.

And that is probably what the copy cats of Gold want(ed) to immitate... . Not good for BTC.

[starmman]

Someone sold a bunch of BCH to buy moar BTC?

Today is crazy! Markets are all over the place - Love days like this =D

[JimboToronto]

Well a very good morning Bitcoinland.

I see I woke up just in time for a rally. It's moving so quickly there's almost no point in posting a price but it just hit $6017USD/$7709CAD at Bitcoinaverage.

AltCash is also up nicely at $456USD/$585CAD (Coinmaketcap). For those still holding both, that's a total of $6473USD or $8194CAD per old coin. Not bad.

Go Bitcoin go.

[Rosewater Foundation]

Well a very good morning Bitcoinland.

I see I woke up just in time for a rally. It's moving so quickly there's almost no point in posting a price but it just hit $6017USD/$7709CAD at Bitcoinaverage.

AltCash is also up nicely at $456USD/$585CAD (Coinmaketcap). For those still holding both, that's a total of $6473USD or $8194CAD per old coin. Not bad.

Go Bitcoin go.

AltGodl is up too, currently $108

[gembitz]

WOAH WOAH WOAH

whats going on there ..... calm down ...

$6000 is broken now $7OOO here we gogogo        weeeeee

[gembitz]

Well a very good morning Bitcoinland.

I see I woke up just in time for a rally. It's moving so quickly there's almost no point in posting a price but it just hit $6017USD/$7709CAD at Bitcoinaverage.

AltCash is also up nicely at $456USD/$585CAD (Coinmaketcap). For those still holding both, that's a total of $6473USD or $8194CAD per old coin. Not bad.

Go Bitcoin go.

$6OOO hitting how boring >>>

~> let's go $10000+ today :-D weeeeee

[sirazimuth]

fun fact...
 breaking $6000 price ($6005 to be precise) breaks 12th digit for market cap ($100 billion)