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Question: How many BTC does it take to be a fuckyoucoiner?
1 - 12 (11.4%)
2-9 - 2 (1.9%)
10-19 - 4 (3.8%)
20-39 - 5 (4.8%)
40-69 - 8 (7.6%)
70-99 - 5 (4.8%)
100-149 - 16 (15.2%)
150-199 - 4 (3.8%)
200-499 - 8 (7.6%)
500-999 - 10 (9.5%)
1000+ - 31 (29.5%)
Total Voters: 105

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21069946 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (13 posts by 6 users deleted.)
becoin
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November 13, 2017, 10:53:09 PM

So... Time to mine a block is spiking again...
Did core or anybody come with a solution or this time we are iced for good? Anybody knows? Huh

Solution for what?
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ragnar0k
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November 13, 2017, 10:56:46 PM

So... Time to mine a block is spiking again...
Did core or anybody come with a solution or this time we are iced for good? Anybody knows? Huh

Solution for what?


My understanding is that they reduced the difficulty again forking today on BCH and probably they will keep doing it...
So profitability for BTC will remain down indefinitely, leading us back to >24h for a transaction - but this time we have no real hope for the situation to improve
https://www.bitcoinabc.org/november

or did I miss something?
Last of the V8s
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November 13, 2017, 11:01:25 PM

^ blocks are back to normal.
blockchain.info
fork.lol

unrelated
https://bitcointalk.org/index.php?topic=92.0
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November 13, 2017, 11:02:50 PM

or did I miss something?

yes.
Hyperjacked
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November 13, 2017, 11:04:10 PM



You don't buy BCH. That's silly.

It comes free just by holding your BTC.

Not for people who are buying BTC after the fork occurred, they get nothing for free. And the BCH cartel knows this. They know that in order for BCH to survive into the future, it's not enough to have existing holders. They must have new buyers, now and into the future. For decades. And someone's got to buy all the existing free BCH coins being traded for BTC.

Ain't gonna happen.

Ver still has an ungodly wad of coins sitting on Bitfinex, if the story is to be believed. This might not be over yet.

Satoshi and people like WinkleVii, Tim Draper, and Loaded have an ungodly amount of BCH ready to dump at any time. Checkmate?

Not checkmate IMO. It just means it will be incredibly volatile until the coins get disbursed.
And what trader doesn't like volatility  Grin
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November 13, 2017, 11:05:24 PM

^ blocks are back to normal.
blockchain.info
fork.lol

unrelated
https://bitcointalk.org/index.php?topic=92.0

difficulty of BCH is now adjusted every! block and smoothly. No supersonic spikes in "blocks found per hour". Important update imo so that both chains work properly (in their technical limits Wink)

so for the next week BCH will most likely be more profitable.

So get used for high fees and >100K unconfirmed transactions for a while and place your bets Wink
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November 13, 2017, 11:06:51 PM

So... Time to mine a block is spiking again...
Did core or anybody come with a solution or this time we are iced for good? Anybody knows? Huh

Solution for what?


My understanding is that they reduced the difficulty again forking today on BCH and probably they will keep doing it...
So profitability for BTC will remain down indefinitely, leading us back to >24h for a transaction - but this time we have no real hope for the situation to improve
https://www.bitcoinabc.org/november

or did I miss something?

They might fork their altcash everyday to reduce the difficulty. That doesn't matter. Only thing that matters is how many bitcoins do they have to sell and pay miners that mine altcash.  The higher is altcash price the faster they bleed bitcoins. Just sit back and relax and watch how they commit suicide.
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November 13, 2017, 11:06:57 PM

So... Time to mine a block is spiking again...
Did core or anybody come with a solution or this time we are iced for good? Anybody knows? Huh

Solution for what?


My understanding is that they reduced the difficulty again forking today on BCH and probably they will keep doing it...
So profitability for BTC will remain down indefinitely, leading us back to >24h for a transaction - but this time we have no real hope for the situation to improve
https://www.bitcoinabc.org/november

or did I miss something?



Yes you are:




Miners have already eaten through insanely high transaction fees, now are those < 50 s/B in order to be processed and in a few days we should be back to normal fees teritory.
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November 13, 2017, 11:07:25 PM

Any thoughts on how high the next BCH rally will go?  I'm thinking we might hit 0.8 temporarily, and then crash.  I don't think we'll spike above 1.0 on the next wave.  At this stage, I think anything over 0.4 is a good place to take profits.

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November 13, 2017, 11:13:29 PM


No supersonic spikes in "blocks found per hour".
[/quote]

...Yet  Undecided

They might fork their altcash everyday to reduce the difficulty. That doesn't matter. Only thing that matters is how many bitcoins do they have to sell and pay miners that mine altcash.  The higher is altcash price the faster they bleed bitcoins. Just sit back and relax and watch how they commit suicide.
Good point! The problem I see here is that they are fueled by BTC 'leaks', so we can possibly pay their miners indefinitely with enough weak hands on our side

Miners have already eaten through insanely high transaction fees, now are those < 50 s/B in order to be processed and in a few days we should be back to normal fees teritory.

The question I guess is... what happens when BCH is profitable again (soon)
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November 13, 2017, 11:16:13 PM

Any thoughts on how high the next BCH rally will go?  I'm thinking we might hit 0.8 temporarily, and then crash.  I don't think we'll spike above 1.0 on the next wave.  At this stage, I think anything over 0.4 is a good place to take profits.



Just as an addendum to your work of art, I permit myself to note also the middle finger formation given by the initial bump in the chart.
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November 13, 2017, 11:17:23 PM

The question I guess is... what happens when BCH is profitable again (soon)
Miners switch back over obviously. The real question is what we wanna do about it, if anything.
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November 13, 2017, 11:17:40 PM

The question I guess is... what happens when BCH is profitable again (soon)

It's easy to guess - miners switching to it that very second. The only defense against this cancer is not letting it be profitable by dumping every possible BCH back to the bagholders. They can't have enough BTC to defend BCH forever, they have to mine BTC if they want to protect their coin.
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November 13, 2017, 11:18:16 PM

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

JJ will be proud of you...

That is exactly what you supposed to be doing....     Grin

And were the hell have you been during this shit storm? You alone could have worn all the BCH shillers down with you never ending walls of text.
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November 13, 2017, 11:25:23 PM

The question I guess is... what happens when BCH is profitable again (soon)
Miners switch back over obviously. The real question is what we wanna do about it, if anything.
Would have been awesome to hear from some core dev, but so far total silence... This is not going to look great in a possible ETF prospect

It's easy to guess - miners switching to it that very second. The only defense against this cancer is not letting it be profitable by dumping every possible BCH back to the bagholders. They can't have enough BTC to defend BCH forever, they have to mine BTC if they want to protect their coin.
The more BCH raises, the less people will sell I am afraid. That is unless big holders sell their stash but I have seen a lot of fence sitting lately
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November 13, 2017, 11:26:52 PM

Good point! The problem I see here is that they are fueled by BTC 'leaks', so we can possibly pay their miners indefinitely with enough weak hands on our side

Nobody in their right mind will invest in altcash shitcoin that is forked every other day. People that buy it are speculators trying to play pump and dumps. They'll be the first to abandon the sinking ship at the first sign that Ver and Wu run out of bitcoins. Slower bitcoin blocks = less bitcoins to sell. Everything is self-regulating and the final outcome will be altcash fiasco.
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November 13, 2017, 11:27:10 PM

Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out.  If you don't have inside information, you're at a significant disadvantage when trading.
I take that as a public confession of insider trading.
I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world?
If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks.
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November 13, 2017, 11:31:23 PM

clever old Basil Silbert distributing 172k bch at the Nov 6th price to Grayscale investors tomorrowish
https://www.prnewswire.com/news-releases/bitcoin-investment-trust-provides-update-on-bitcoin-cash-distribution-and-remittance-of-cash-proceeds-300549576.html
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November 13, 2017, 11:31:58 PM

It's easy to guess - miners switching to it that very second. The only defense against this cancer is not letting it be profitable by dumping every possible BCH back to the bagholders. They can't have enough BTC to defend BCH forever, they have to mine BTC if they want to protect their coin.
The more BCH raises, the less people will sell I am afraid. That is unless big holders sell their stash but I have seen a lot of fence sitting lately

You are wrong about this, it's not necessary that big holders sell their stash to crash them, it's enough that they are left with not enough BTC to defend the current high price of BCH that they have to mine BTC. That's the curse of their position. This is not going to be the game where few big moves decide the outcome, this will be a game of who can endure longer.
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November 13, 2017, 11:32:55 PM

Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out.  If you don't have inside information, you're at a significant disadvantage when trading.
I take that as a public confession of insider trading.
I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world?
If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks.

Really...? We are all crooks because of what one person posted...
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