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

[sirazimuth]

Dip probably news related.
https://cointelegraph.com/news/us-treasury-department-investigates-illegal-uses-of-bitcoin

Bitcoin used for "unlawful purposes" ??
Say it ain't so!!

[JoCrook]

every day there is a new drama.. don't worry too much guys, there is only one bitcoin.

[sirazimuth]

every day there is a new drama.. don't worry too much guys, there is only one bitcoin.

And a gazillion clones.....

[LewisPirenne]

People are spamming the mempool with 1300 satoshi/byte tx, i.e. paying 3~5 mbtc per 225 byte standard tx, and most go to fee with only dust remaining, to lock up the tx in mempool during this BCH pump.  But BTC+BCH is actually getting lower and lower in total, meaning someone is killing that golden goose that had just kept on giving so far.

Maybe the cartel will do a flippening of ETH by BCH just for lolz.  But if some insiders can flippen BCH vs ETH in marketcap just like this, then it's actually really bearish for the entire crypto world.  Because imagine what would happen when the real professional pumpers, i.e. Wall Street banksters, come on the scene.

[thetyper]

How many more days do you think BCH is keeping the peak??
Today 11/11/2017: 37.53% in 7 days, $1124.

[bitcoinPsycho]

this is bollocks anyone who bought BTC after the bch fork will be so disillusioned . I sold mine at .2  so I'm pissed to lol

[CristiTCM]

good opportunity to buy more. i dont know where the bottom will be so i'm buying 0.05 at every $300 drop

[fabiorem]

meanwhile the spam attacks continue, 100k unconfirmed tx, and jihad is tweeting about peace. fkn two faced devil
http://www.trustnodes.com/2017/11/09/can-now-accelerate-stuck-bitcoin-transaction-paying-bitcoin-cash

fees are running at around $5

Last time I paid 170k satoshis to send 0.17 to Bittrex.

Bitcoin's value at the time was around $7k, hence the fees were around $12, not $5.

[Ludwig Von]

good opportunity to buy more. i dont know where the bottom will be so i'm buying 0.05 at every $300 drop

I told you so   But I will wait a little longer, untill the situation with Btrash is more clear. (We ain 't seen nothing yet IMHO)

[sirazimuth]

good opportunity to buy more. i dont know where the bottom will be so i'm buying 0.05 at every $300 drop

JJ will be proud of you...

[d_eddie]

Your posts are always well reasoned, tought-provoking and informative, LewisPirenne. I am interested in your opinion.

People are spamming the mempool with 1300 satoshi/byte tx, i.e. paying 3~5 mbtc per 225 byte standard tx, and most go to fee with only dust remaining, to lock up the tx in mempool during this BCH pump.  But BTC+BCH is actually getting lower and lower in total, meaning someone is killing that golden goose that had just kept on giving so far.

Maybe the cartel will do a flippening on ETH just for lolz.  But if some insiders can flippen ETH in marketcap just like this, then it's actually really bearish for the entire crypto world.  Because imagine what would happen when the real professional pumpers, i.e. Wall Street banksters, come on the scene.

I don't understand very well. In your opinion, does this bearish outlook get triggered only if there is an ETH flippening during the BCH fork scope?

My gut feeling (not well thought out) is that of a simple cartel maneuver to pump BCH. The S2X might or might not have been just a diversion - I haven't figured out yet. Also, the nonzero value of S2X futures isn't clear to me. An explanation in this thread (Marcus or Torque? Can't remember) said it's the premium for early redemption of... of what? How does that fact fill in your understanding of the current situation?

[CristiTCM]

Do you guys see BCH a treat for BTC? BCH is now $1200+, BTC took years to reach that kind of level

[FractalUniverse]

i dont see threat from BCH at all. This is just huge pump to lure sheep money into it

[sirazimuth]

Bitcoin Crash fast becoming Bitcoin Smash!...

[kurious]

Do you guys see BCH a treat for BTC? BCH is now $1200+, BTC took years to reach that kind of level

Ahem..  Just sayin' - but BTC was less than that a year ago.  Don't get me wrong, I am BTC through and through, but....

[ivomm]

This reminds me when Ver pumped Zcash in Poloniex to 3 200BTC and then booom!!! Back to 0.5BTC. So many people lost their money, never to get them back! Now the same is going to happen with BCH. The bigger the pump, the deeper the dump  

[LewisPirenne]

Your posts are always well reasoned, tought-provoking and informative, LewisPirenne. I am interested in your opinion.

I don't understand very well. In your opinion, does this bearish outlook get triggered only if there is an ETH flippening during the BCH fork scope?

My gut feeling (not well thought out) is that of a simple cartel maneuver to pump BCH. The S2X might or might not have been just a diversion - I haven't figured out yet. Also, the nonzero value of S2X futures isn't clear to me. An explanation in this thread (Marcus or Torque? Can't remember) said it's the premium for early redemption of... of what? How does that fact fill in your understanding of the current situation?

Sorry, I should have been more clear about what I am saying.  

There is a joke from yesterday that the cartel is going to do a marketcap flippening of BCH to replace ETH as the 2nd largest coin in marketcap, i.e. around $25~30 billion.  But of course, it all depends on the cross rate and BTC market cap.  So if BTC keeps going down and dragging down ETH too, the flippening of BCH against ETH is made easier.  But naturally, that would be bearish as heck, since the coins that are doing all the real work and innovation, i.e. BTC and ETH, actually get over taken by some cartel of pumpers and miners.  That would disillusion a lot of people in the crypto space.

[Torque]

So to all you guys peeing your wittle panties:

When Btrash price is going down or not moving, you are convinced that it is total garbage.

But when Btrash price is rising, suddenly you guys think that it's the greatest thing ever, and now you are "worried" about Bitcoin?

Lizard brains are lizarding hard. There's likely a good reason your wives/girlfriends think you are utterly stupid.

Buy more bitcoin. That's all you have to do. The market will take care of the rest.

[DeathAngel]

Significant dump this is, it’s not going to get much worse though, surely. I hope 6k stays strong.

[CristiTCM]

Significant dump this is, it’s not going to get much worse though, surely. I hope 6k stays strong.

Set up my last buying order at 6k. Hope you are right.