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December 17, 2017, 02:29:18 PM *
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Question: Dec. 16 Bitcoin Price:
<$10,000 - 24 (10.3%)
$10,000-$12,000 - 9 (3.9%)
$12,000-$14,000 - 10 (4.3%)
$14,000-$16,000 - 18 (7.8%)
$16,000-$18,000 - 34 (14.7%)
$18,000-$20,000 - 45 (19.4%)
$20,000-$22,000 - 33 (14.2%)
$24,000-$26,000 - 14 (6%)
$26,000-$28,000 - 3 (1.3%)
$28,000-$30,000 - 7 (3%)
>$30,000 - 35 (15.1%)
Total Voters: 232

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20047000 times)
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babanana
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November 12, 2017, 02:50:37 AM

If BCH wins, the narrative will be that bitcoin split into Bitcoin Cash and Bitcoin Core in August, and Bitcoin Cash prevailed.  If BTC wins, then the opposite will hold.

Bitcoin will not be killed.  

In a verrrrrrrrrrrrrrrrrrrrrrrrrrrrry limited number of minds at least.

So that nasty BTC has been menacing BCH ever since it was born. Gotcha.

I'd still like to hear about the post August army of people who'll see their hard earned money turned to nothing.

Out of context but want to ask Peter.  Wink

Peter, If BCH is what you call improvement of BTC, then what is BCH compared to Stratis?
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ragnar0k
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November 12, 2017, 02:52:11 AM

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same. Usually, when BTC grows, the crypto market cap grows with it.
This is definitely mostly people panicing or some big whales holding and moving BTCs around. That is a massive red flag to me...
But then again, I've sold my BCH time ago, so I am partial on this story
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November 12, 2017, 02:52:23 AM


In a verrrrrrrrrrrrrrrrrrrrrrrrrrrrry limited number of minds at least.

So that nasty BTC has been menacing BCH ever since it was born. Gotcha.

I'd still like to hear about the post August army of people who'll see their hard earned money turned to nothing.

In all fairness, the few Chinese and Koreans that I know, who betted with the Chinese miner side in August and September, already got out during the current pump.  So it's likely only whales with insider info, whatever that info might be, are in this now.  They are doing a splendid job too as there are barely any BCH walls left in places like Bittrex and Poloniex, at least compare to the $5 billion volume that they have been doing in the past few days.

Can't blame people for wanting to get out early either as they are badly burned during the Chinese ban in early September.  The conscience is really on the people who got in in the past few days.
Rosewater Foundation
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November 12, 2017, 02:55:44 AM

somebody could seriously get wacked about this. dangerous global shit. i don't like it. no sir
babanana
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November 12, 2017, 02:57:42 AM

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same. Usually, when BTC grows, the crypto market cap grows with it.
This is definitely mostly people panicing or some big whales holding and moving BTCs around. That is a massive red flag to me...
But then again, I've sold my BCH time ago, so I am partial on this story

Moving BTC around in anticipation of BTC bear mode. Look at big alts on 1 day candlesticks, including BCH, they grow after the ATH of BTC.
Take your positions. But these movements don't bother long time hodler.  Grin
becoin
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November 12, 2017, 02:58:36 AM

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.

Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same.
Peter R
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November 12, 2017, 03:01:21 AM

Peter, If BCH is what you call improvement of BTC, then what is BCH compared to Stratis?

I'm not sure I understand the question, but I'll try...

I see BCH and BTC both as bitcoin at the moment, and it is not clear to me which one will win.  What is clear to me though is that Core is in control of BTC and has a vision for it as a sort of "digital gold" with very high fees, limited transactions, and serving primarily as a store of value.  Miners, BU, ABC and several businesses are driving BCH as peer-to-peer electronic cash.  We want low fees, reliable confirmations, and to scale bitcoin into better money that all of the world's 8 billion human inhabitants can use.  

In my opinion, our vision is better than Core's.  But only time will tell whether or not we win.  

I don't know Stratis, but in comparison to alt-coins in general, both BTC and BCH are superior.  Money is really just a shared ledger, "memory" if you will, and bitcoin has the most mature ledger. The ledger updating mechanism is really secondary to the ledger itself, which is why most alt-coins are doomed for failure.
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November 12, 2017, 03:06:01 AM

maybe because the mempool is near an ATH?
https://blockchain.info/charts/mempool-size?timespan=all

as it has been a load of times in past and we all know who's doing it and why they're doing it.

What is relevant there, is that bitcoin should be resistant to such attacks.

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November 12, 2017, 03:06:43 AM

maybe because the mempool is near an ATH?
https://blockchain.info/charts/mempool-size?timespan=all

as it has been a load of times in past and we all know who's doing it and why they're doing it.

What is relevant there, is that bitcoin should be resistant to such attacks.



it is. come back next week
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November 12, 2017, 03:07:15 AM

Peter, If BCH is what you call improvement of BTC, then what is BCH compared to Stratis?

I'm not sure I understand the question, but I'll try...

I see BCH and BTC both as bitcoin at the moment, and it is not clear to me which one will win.  What is clear to me though is that Core is in control of BTC and has a vision for it as a sort of "digital gold" with very high fees, limited transactions, and serving primarily as a store of value.  Miners, BU, ABC and several businesses are driving BCH as peer-to-peer electronic cash.  We want low fees, reliable confirmations, and to scale bitcoin into better money that all of the world's 8 billion human inhabitants can use.  

In my opinion, our vision is better than Core's.  But only time will tell whether or not we win.  

I don't know Stratis, but in comparison to alt-coins in general, both BTC and BCH are superior.  Money is really just a shared ledger, "memory" if you will, and bitcoin has the most mature ledger. The ledger updating mechanism is really secondary to the ledger itself, which is why most alt-coins are doomed for failure.

... and yet not a single word about the critical maintenance of mining decentralization. The real issue at the core of the argument, dodged yet again. You shills seem to be real good at dodging and hand-waving.
Rosewater Foundation
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November 12, 2017, 03:07:51 AM

Peter, If BCH is what you call improvement of BTC, then what is BCH compared to Stratis?

I'm not sure I understand the question, but I'll try...

I see BCH and BTC both as bitcoin at the moment, and it is not clear to me which one will win.  What is clear to me though is that Core is in control of BTC and has a vision for it as a sort of "digital gold" with very high fees, limited transactions, and serving primarily as a store of value.  Miners, BU, ABC and several businesses are driving BCH as peer-to-peer electronic cash.  We want low fees, reliable confirmations, and to scale bitcoin into better money that all of the world's 8 billion human inhabitants can use.  

In my opinion, our vision is better than Core's.  But only time will tell whether or not we win.  

I don't know Stratis, but in comparison to alt-coins in general, both BTC and BCH are superior.  Money is really just a shared ledger, "memory" if you will, and bitcoin has the most mature ledger. The ledger updating mechanism is really secondary to the ledger itself, which is why most alt-coins are doomed for failure.

... and yet not a single word about the critical maintenance of mining decentralization. The real issue at the core of the argument, dodged again.

its almost as if they don't get it
ragnar0k
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November 12, 2017, 03:08:43 AM

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.

Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same.


Seriously, how much f***ing bitcoins do they have?! If I had 20BN the last thing I'd do is play stupid crypto wars like this. Go figure.

Moving BTC around in anticipation of BTC bear mode. Look at big alts on 1 day candlesticks, including BCH, they grow after the ATH of BTC.
Take your positions. But these movements don't bother long time hodler.  Grin

Bear mode is possibly maximum 4.5k... So not too far away! Hodling steady alas a bit shaky Smiley

Better to sleep over this and see our neighbour ethereum relocating tomorrow Sad
I'll miss it.
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November 12, 2017, 03:09:27 AM

I see BCH and BTC both as bitcoin at the moment, and it is not clear to me which one will win.

BCH = Losers
somac.
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November 12, 2017, 03:09:41 AM

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.

Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same.


Spot on, and this is why it is being done on a weekend. No funds can get through till Monday, so they are hoping that the incoming funds see the BCH ATH and try to get in on it. Thing is, I'd say they're getting this wrong, new funds won't be wanting to buy BCH at ATH, they'll probably be wanting to buy BTC on this dip, like they intended.

This is also why the mempool doesn't matter that much, fiat transfers to exchanges are not hindered by spamming the mempool.
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November 12, 2017, 03:11:09 AM

Something weird is going on.
It drops down below $6180 then back up past $6250 in a second?

That is not normal for even bitcoin.
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November 12, 2017, 03:12:27 AM

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.

Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same.


Spot on, and this is why it is being done on a weekend. No funds can get through till Monday, so they are hoping that the incoming funds see the BCH ATH and try to get in on it. Thing is, I'd say they're getting this wrong, new funds won't be wanting to buy BCH at ATH, they'll probably be wanting to buy BTC on this dip, like they intended.

This is also why the mempool doesn't matter that much, fiat transfers to exchanges are not hindered by spamming the mempool.

But BTC sent to exchanges does. Monday will be interesting. BCH difficulty is forecast to double in 24 hours so miners will switch back to BTC and the memory pool should clear. Lot of coins probably reaching exchange wallets. Could see $5000 if panic selling starts.
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November 12, 2017, 03:12:46 AM


Seriously, how much f***ing bitcoins do they have?! If I had 20BN the last thing I'd do is play stupid crypto wars like this. Go figure.


Not as many as you think, that's why they are doing this on a weekend. they couldn't manage it during the week.
somac.
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November 12, 2017, 03:15:14 AM


But BTC sent to exchanges does. Monday will be interesting. BCH difficulty is forecast to double in 24 hours so miners will switch back to BTC and the memory pool should clear. Lot of coins probably reaching exchange wallets. Could see $5000 if panic selling starts.


BTC is not getting sent to exchanges, mempool is full remember.

Everybody wants to buy bitcoin, because that's all that is in the news day in day out. Altcoins, incl BCH, rarely make the news so less interest in them. This is a dip for buying, the new funds will be buying btc on Monday.
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November 12, 2017, 03:20:03 AM

This is too much free money to ignore for me. Had to brake some cold storage, split, now am waiting the magical 0.35 ratio, where usually alt-pumps die vs BTC. This is nothing new, i do not get why people panic.

Alts are for getting more BTC, first and foremost, apart maybe from "world's first vapor powered computer" eth (it was shilled in the MSM in the early summer, member?) which is now used for ICO scams in practice - and even crapping the bed on that one occasionally  Cheesy- , "average Joe" never heard about anything else than bitcoin in the news.

Btw, no wonder BCH did not got dumped to death, it is a real pain in the ass to make the split securely(!), an average user with no tech jargon and only a mobile wallet/sitting coins on coinbase has no chance to execute it properly.
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November 12, 2017, 03:21:40 AM

Unless significant hash power leaves all at once, no effect. On that note when is the next retargeting, most likely that's when they'll act

The thing is nobody is using BCH, their blocks are empty. But let's say that a significant amount of hashing power leaves for good (80% or so) and the users of bitcoin flee because of slow block times for the week or 2 before a difficulty adjustment. Why would they go to bitcoin cash, when they can go to other better and more established alts.

This BCH pump is being driven by only the few whales who support it. Their egos have got to them, they think they are smart, and only make correct moves because they are rich and successful. Because of these egos they believe that if they just build it (pumping the price) everyone will flock to them, its delusional, and borderline sociopathic. They are kind of like the leaders of small cult, the literally think they are gods and can do no wrong.

Delusional? Sociopathic... Small cult? Rotflmao

The ones with the egos should have been humble and they know who they are.

The ppl with the hash will decide...  Cool

https://fork.lol/pow/hashrate


This is exactly where you're wrong. And it will be an expensive lesson for you to learn. People decide with $$, people who understand it will find a way to make money on all of this silliness
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