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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21717560 times)
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Denker
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November 11, 2017, 08:10:26 AM

What I wrote back on 21/8 is fairly similar


Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts.
BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.

No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.

There is more to their plan, than we have seen so far.
Maybe good to pick up some cheap BCH over the next few months to help kill it later.
Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war. Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.

This turned out to be pretty accurate, and I had no special insight, anyone can invent conspiracy theories.

That's was a very good prediction of what is now happening. The war on Bitcoin is just starting, and I fear that there will be a bloodbath coming. All because of ego and greed. Perhaps the SegWit2x cancellation was part of their plan. They knew what they were doing all along. It remains to be seen how strong and resilient the Bitcoin network is to that attack, and whether on not it will come out of it victorious. We will know soon enough.

What distresses me is a lot BTC whales dumped their BCH for a low value. Now, Jihan , Ver and Co.  have a large amount of BTC, and a large amount of BCH, and we have nothing to fight back with.
They can't hold the BCH price artificially high forever.

After UASF and the failure of 2X, the power in Bitcoin has confirmed its real position, and thats with the users.
A POW change is maybe the last step to fire the disruptive element. The appetite for POW change may have lessened with the failure of 2X, but now is the time we must prepare for it, and build a consensus for what should trigger it in the future. That alone should bring the disruptive element into line. The penalties for future disruption would be clear.

The miners use their hash power as a weapon, the non-miners also have power over that weapon, as we determine the POW.



You don't know how many BTC Ver has left. Some say he invested A LOT in shitcoins and his operations who may not be profitable at all!!!
Bitmain as probably the owner real significant miner for Bcash was also mining at a loss for quite some time.
We don't know how economically strong they really are at the moment. They are not broke!! But maybe also not as strong and competitive as you may think.
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CristiTCM
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November 11, 2017, 08:18:12 AM

[ image snipped... ]

bang on

Do you have any evidence that this document was written before yesterday, when lots of people myself included, imagined such conspiracy theories.
Its not on way bayback machine and there is no other link reference to it, so it looks to me like fud.

In this Twitter feed, many people confirm they read it as early as the time of the Bitcoin Cash fork (1 August 2017). So it should be genuine, unless the guys that confirm it are in on the FUD game...

https://twitter.com/ToneVays/status/929162434790744064


Actually I saw that, but I wanted something a bit more, anything reliable that has a date stamp.

What I wrote back on 21/8 is fairly similar


Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts.
BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.

No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.

There is more to their plan, than we have seen so far.
Maybe good to pick up some cheap BCH over the next few months to help kill it later.
Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war. Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.

This turned out to be pretty accurate, and I had no special insight, anyone can invent conspiracy theories.
OMG! You are officially nostradamus of crypto
TheFlynn49
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November 11, 2017, 08:24:19 AM


...

The miners use their hash power as a weapon, the non-miners also have power over that weapon, as we determine the POW.


Changing POW, that's like using a nuclear weapon in bitcoinland, right?
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November 11, 2017, 08:25:00 AM

A POW change is maybe the last step to fire the disruptive element. The appetite for POW change may have lessened with the failure of 2X, but now is the time we must prepare for it, and build a consensus for what should trigger it in the future. That alone should bring the disruptive element into line. The penalties for future disruption would be clear.

The miners use their hash power as a weapon, the non-miners also have power over that weapon, as we determine the POW.

A POW change is a complex issue as new things and attack vectors have emerged over time. I mean what's the possibility that Satoshi had envisioned "lack of cpu power for the pow function" due to the pow not being done by CPUs but instead becoming ASIC-centralized, and then a rival implementation (which he specifically told that is a bad idea) claiming the hashpower with short-term incentives and pump/dump actions on the markets? Near zero.

Even if you go for a cpu or gpu pow, what's to ensure that this pow function won't experience disruptions from other cpu or gpu coins that are pumped and become more attractive to mine? So pow-mining stability has to also be factored in. But since anyone can fork bitcoin and make a clone, then how can you navigate around this? The only solution I can think of is a combination of multiple pow functions that can run on cpu, gpu or asics / fpgas, all working in parallel / in turns / perhaps each with its own difficulty adjustment. So even if one or two types of pow hashpower leave, you can still have another. This type of system can also allow sha256 mining to co-exist but not dominate the mining.

There are probably other issues arising from multi-pow, as well as possible weaknesses, and then you also have to start thinking about futureproofing in terms of quantum computers... I mean if you are going to make a change, make it QC-resilient also... IBM is currently at 50 qubits, intel will launch 49-qbits cpu this year. But I'm not a cryptographer so I can't say with any certainty how different ordinary hashes can combine with QC-resistance and what the threshold of danger is for this type of "threat". Anyway...

...Meanwhile the market is trending near 6666 levels Tongue
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November 11, 2017, 08:29:24 AM

Anybody else beginning to think dumping BCH might not have been particularly wise?

..been tryin' to tell all y'all...



I bet that bear at the picnic table is really enjoying
his treat right about now......

ahhh heeeya boo-Boo! I got us a pick-a-nick basket!



Bitcoin tankeroo.

Rotation into Dash.

You too? ::sigh::

Nothing but the king's coin. Some will never learn.



Dumped my BCH at 0.2 - 0.23 right at the start. Did alright there...

So far .... though looks like if you haven't dipped back in, you mighta missed a five-bagger. With room to climb.



Well well, today i woke up and my selling order for my remaining BCH at 0.125 BTC/BCH has been filled! Seems that maybe it will rise a little bit more, but this is enough for me Smiley

Damn it, I hate cracking open my cold wallets, but that's just too good a deal to pass up.

Haha. Keep your power in your pants. It's a little rough spot, but grey skeyes are gonna clear up. No matter which side of the fork controversy you be.



alas, back to HODLING and the cattle grind I go...

As long as the cattle grind don't involve the cattle prod, perhaps all is well.

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November 11, 2017, 08:31:36 AM

Bust a move, suckers!

(haha)
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November 11, 2017, 08:34:56 AM

You don't know how many BTC Ver has left. Some say he invested A LOT in shitcoins and his operations who may not be profitable at all!!!
Bitmain as probably the owner real significant miner for Bcash was also mining at a loss for quite some time.
We don't know how economically strong they really are at the moment. They are not broke!! But maybe also not as strong and competitive as you may think.


That is a good point, its all guess work really.


Look at this disgusting nonsense from Ver's, Bitcoin.com. Its actually linked from the home page.
The way they call BCash "Bitcoin Cash" and the real Bitcoin they call "Segwit 1X".
If that isn't a clear indication of their disgraceful underhand behaviour, think of all the newbies coming in and trying to make sense of it all.
It's brand highjacking, I have no idea if it is illegal, and I know Bitcoin shouldn't rely on state support, but the truth needs to get out there. This is simply dishonest.


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November 11, 2017, 09:25:02 AM

bloomberg : "‘Buy Bitcoin’ Overtakes ‘Buy Gold’ as Online Search Phrase"

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i7d4w2nb3KGw/v1/800x-1.png
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November 11, 2017, 09:35:31 AM

>100K pending transactions and BCH Hashpower 33% in the last 24h, 40% in the last 12h
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November 11, 2017, 09:45:32 AM

Last of the V8s
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Be a bank


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November 11, 2017, 09:47:56 AM

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November 11, 2017, 10:09:46 AM

I wonder where is the old good Barry: why didn't he sign the suspension? Jihan has Bitcoin Cash anyway, probably this was his plan anyway. Now that he accepts BCH for the miners it gets interesting.

One battle has been won but the war is not over.


In the meanwhile GO BITCOIN GO!

And sadly that was true. We should have understood that the whole NYA crap was a weapon of mass distraction. Alternative Cash has been created as a way to take over Bitcoin.

Thanks @AlexGR and fluidjax for your posts.
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November 11, 2017, 10:29:50 AM
Last edit: November 11, 2017, 10:42:09 AM by Last of the V8s

you mighta missed a five-bagger. With room to climb.



irlroflmao. such deluded hope.


such a splendid shill army you bu-tards have there: you the jay-bear, Peter chef scientist R, Adrianxxx and er that's it

are running round telling us penniless low-level core-tard fanbois 'shoulda held both, btc crash might yet win'.

your obergruppenführers can't be too certain, huh?


such Machiavelli, it's kinda cute





And sadly that was true. We should have understood that the whole NYA crap was a weapon of mass distraction. Alternative Cash has been created as a way to take over Bitcoin.

Thanks @AlexGR and fluidjax for your posts.
+21,000,000
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November 11, 2017, 10:47:45 AM

a lot BTC whales dumped their BCH for a low value.

not sure. think many more whales have not yet dumped
am searching for a metric of how many wallets have not moved (hence not dumped out btc trash) since Aug 1, but cannot find for now.
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November 11, 2017, 10:49:35 AM

Looks like we're going even lower. Is the bubble popping? Huh
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November 11, 2017, 10:55:54 AM

I wonder where is the old good Barry: why didn't he sign the suspension? Jihan has Bitcoin Cash anyway, probably this was his plan anyway. Now that he accepts BCH for the miners it gets interesting.

One battle has been won but the war is not over.


In the meanwhile GO BITCOIN GO!

And sadly that was true. We should have understood that the whole NYA crap was a weapon of mass distraction. Alternative Cash has been created as a way to take over Bitcoin.

Thanks @AlexGR and fluidjax for your posts.

Let me declare here that I'm on the core side as most of you guys.

Now, ALL things taken into consideration, THIS IS GOOD.

Because:
- Jihan will get himself out of the market, because the economic majority will stay with main chain
- he will become the most hated person in the universe
- other miner producers will take his market share and he will slowly but surely be FINISHED.

It is good when a toxic MF like that schemes himself into oblivion. A fucking holiday, that's what it is!
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November 11, 2017, 10:56:37 AM

Listen to the Tone-inator.
we could go to 6k, 5k, 1300, none of it would mean anything medium term bearish. it's just TA traders trading TA trades
and it all woulda happened with or without some shitcoin pumping
buy, hodl, troll
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November 11, 2017, 10:59:50 AM

Looks like we're going even lower. Is the bubble popping? Huh

This guy answered your bubble question

Listen to the Tone-inator.
we could go to 6k, 5k, 1300, none of it would mean anything medium term bearish. it's just TA traders trading TA trades
and it all woulda happened with or without some shitcoin pumping
buy, hodl, troll
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November 11, 2017, 11:10:45 AM

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yes


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November 11, 2017, 11:13:19 AM

It looks like another opportunity to load up the truck. Rinse repeat.
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