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

[DaRude]

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

His view is quite obv imo:

He builds a better product than the rest and therefore generates demand. If Reddit, Twitter or Bitcointalk like him or not won't be decisive for success or not.

Now you can obv disagree if the markets will agree with him or not or if he really will have a better product but you asked for his "plan" and here you go, that's his plan. 

Hmm so bcash needed those insane capital injections just to be at 7% after a yr. Even if he is so delusional, and believe that his product is so much better he must realize the resistance thats building up, the spam, the DDoS, pissing off a bunch of ABC devs etc... I mean he twitted himself that he'll have to dig into his BTC reserves just to take over 51% of bcash which is at 7% of BTC, he seems to be struggling to raise ~4% of BTC hash as is

[DaRude]

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

His view is quite obv imo:

He builds a better product than the rest and therefore generates demand. If Reddit, Twitter or Bitcointalk like him or not won't be decisive for success or not.

Now you can obv disagree if the markets will agree with him or not or if he really will have a better product but you asked for his "plan" and here you go, that's his plan.  

Step 1 pretend Satoshi, Step 2 buy big into fork while cheap step 3 use some of the personal funds to intimidate during fork, Step 4 control shitcoin and pretend it's new Bitcoin Step 5 be richer than at step 1

Nah this power move is definitely costing him a lot! In fact since he pretty much controls every aspect of SV it doesn't even makes sense for him to keep the value of it up and let Bitmain cash out. It'll be cheaper for him to keep the miners running but let the price crash, not much goodwill left to be lost to justify propping the price

[Hueristic]

What the fuck you talking about?  I did a quick glance at your post history, and it appears that you just discovered bitcoin recently.  You have a lot of alt coin distractions and bullshit in your history... so you  may have only recently become awaken to bitcoin, perhaps?   

Part of my point is that you can likely glance through my post history and realize that I am not an AI program.. .so your assertion seems both contrary to the posting evidence my own history, and perhaps your own inabilities to grasp certain kinds of content - hence your failure/refusal to read content and your proclamation that you are wiser because you don't read content while asserting that the content is not meaningful because you chose not to read it..  Get real, Hueristic.

Or should I say, Get a grip, Hueristic?



   

Not wise, my biggest mistake in life was not switching over 2 of the 6 systems I had crunching F@H on bitcoins launch like I had planned, and yes I've known about it since then.

[chichidori]

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

His view is quite obv imo:

He builds a better product than the rest and therefore generates demand. If Reddit, Twitter or Bitcointalk like him or not won't be decisive for success or not.

Now you can obv disagree if the markets will agree with him or not or if he really will have a better product but you asked for his "plan" and here you go, that's his plan. 

Step 1 pretend Satoshi, Step 2 buy big into fork while cheap step 3 use some of the personal funds to intimidate during fork, Step 4 control shitcoin and pretend it's new Bitcoin Step 5 be richer than at step 1

 For faketoshi, I think it just comes down to this -

The dude does allegedly have a colossal fuckton of coinage is the only thing that really scares me, if it is some power trip and he has more Bitcoin than what he knows what do with it could be an issue. Especially if he is fine with exchanging it and spending it but not cashing out due to tax and tracking reasons.

If his going to do a power trip he should have done it when bitcoin price was on the high 19k, but the fact that his in control with such large amount is a bit scary.

[nanobtc]

Haven't seen this mentioned yet. From Coinbase:

"On November 15, we will pause Bitcoin Cash (BCH) trading, including the ability to send and receive BCH, while monitoring the outcome of a planned hard fork."

In their blog, there's several Q&A things, several of the A's start with, "We cannot predict xxxx"

[jbreher]

Jihan exactly knows how much hashpower they do have in total.

::*ahem!*:: Speculation based solely upon allegations not yet entered into evidence. By what mechanism do you think Jihan knows their total hash power?

You trying to assert that miners don't know their own business and their own hashing capabilities? 

No. Do try to keep up.

I am saying that one miner is unlikely to know the hash power capabilities of another miner, should second such miner have hash power yet undeployed.

[Paashaas]

Haven't seen this mentioned yet. From Coinbase:

"On November 15, we will pause Bitcoin Cash (BCH) trading, including the ability to send and receive BCH, while monitoring the outcome of a planned hard fork."

All the major exchanges ''favors'' ABC not SV because;

If this were a “clean split,” the two coins would be separated through a technical trick called “replay protection.” Transactions on one chain are invalid on the other, so (regular) users would be affected as little as possible.

But this will not be a clean split. While Bitcoin ABC implemented replay protection, Bitcoin SV copied this “protection” to cancel it out.

As such, transactions will look identical on both chains. This means that a Bitcoin ABC transaction can be re-transmitted (“replayed”) on the Bitcoin SV chain, having users accidentally spend both. And the other way around: Bitcoin SV transactions can be replayed on Bitcoin ABC. When Ethereum Classic and Ethereum split without replay protection in 2016, this caused significant losses to unprepared exchanges, like Coinbase. Therefore, this time many exchanges and other service providers will halt withdrawals and/or deposits for some time

https://bitcoinmagazine.com/articles/when-fork-forks-what-you-need-know-bitcoin-cash-goes-war/

Miners only lose money mining that shitcoin.

Enjoy the show 

[blacky90]

Is Craig Wright really satoshi nakamoto?
If so, he could send bitcoin price down to 1000usd

This is scary...

[Rosewater Foundation]

If so

...we will all eat our hats. Buffet style.

[BTCMILLIONAIRE]

If so

...we will all eat our hats. Buffet style.

I'm in.

[Kylapoiss]

Is Craig Wright really satoshi nakamoto?
If so, he could send bitcoin price down to 1000usd

This is scary...

[criptix]

BCH network power roughly equals to 5% of BTCs network power.

I dont see a hashrate problem for BTC.


Btw im pretty sure calvin is paying for all that fun, isnt he a billionaire?

[r1s2g3]

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

Nah, that name's been taken.

BCash DEF? BCash XYZ? BCash 123? BCash Phoenix?  BCash SS (Slim Shady... get it?)

But then what if that too gets forked? Oh noes...it could go on, and on, and on, and...

BCash Phoenix.. LOL  ..

Bcash fork is maybe bad for BTC.
instead of one, now we need to deal with 2 impersonator of btc.

[DaRude]

Is Craig Wright really satoshi nakamoto?
If so, he could send bitcoin price down to 1000usd

This is scary...

Whether he is or not is really irrelevant, no one really cares about him, what's important is if he has access to Satoshi's private keys. The thing is, the market would crash hard the second a single satoshi is moved, on top of that he'd probably drown in lawsuits the second he tries to move that satoshi. So assuming his alleged BTC1MM holdings (most likely much less -lawsuits -bcash fork costs), at $1k it would require $1billion to completely buy him out of BTC and let him go play in his SV sandbox. This would be the ideal solutions as it's better to take a hit now and remove the risk at this stage. Which sort of baffles me, because of such high amount he knows his holdings are illiquid so buying up another mil from Bitmain + other ABC holders would make bcashSV so toxic no one with brain would touch it, regardless how great his ideas might be.

If he has the keys the SV fork should go smooth and he should be able to take over ABC easily with little effort. But I'm expecting his SV to be a failure which would just burn through cash (he's already cashing in BTC just to fork bcash) so he won't be able to sustain it for much longer, without tapping into those reserves.
But the most likely scenario is he doesn't have the keys, in this case he'd try to drag this game out as long as he possibly can trying to create as many controversies as humanly possible to try and stay relevant in this space.

[DaRude]

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

Nah, that name's been taken.

BCash DEF? BCash XYZ? BCash 123? BCash Phoenix?  BCash SS (Slim Shady... get it?)

But then what if that too gets forked? Oh noes...it could go on, and on, and on, and...

BCash Phoenix.. LOL  ..

Bcash fork is maybe bad for BTC.
instead of one, now we need to deal with 2 impersonator of btc.

No that's not how things work. bcash fork is amazing for BTC. The more those players cash out of BTC now the better it is for bitcoin

[Rosewater Foundation]

We must be the laughing stock of Wall street. And that must be saying something. I can't even look anymore. God help us all.

[RejectedBanana]

This current fiasco is certainly underlining what a rich man’s game BTC has become.

Retail exchange volume has been dying all year:

Perhaps in part to the psychological barrier of a perceived high entry cost. Small time traders once willing to buy when bitcoin when it was a couple hundred bucks now seem to be balking at $5000, and that’s on sale! Maybe fractions of a Bitcoin just aren’t sexy enough.

Certainly this is also due in part to the shitastic quality of retail exchanges, from frustratingly inept (Coinbase) to down right shady (take your pick).

Meanwhile, institutions have been “scrambling” in typical slow-motion fashion to jump on board, either as service/product providers or investors. We know a great deal of Bitcoin has been exchanging hands OTC, for lack of a single decent institutional exchange. I suspect OTC volumes in 2018 have dwarfed exchange liquidity. But come 2019, this may be changing. Fidelity, Bakkt, perhaps an ETF or two may be entering the scene. Too little too late or just in time, it’s hard to say, but some sort of credible institutional exchange should be well positioned before the next halvening in 2020.

Which makes this current fiasco feel like one of the last gasp attempts for these JihanVerWright dickwads to have much of an influence on BTC price at all. Just imagine all the current retail and OTC volume combined with hopefully even more mainstream institutional investors jumping on board for the first time in large mega-exchanges the likes of Fidelity or Bakkt. How could they possibly compete?

A year from now or less, these wannabe tyrants and their petty forkery and overt (illegal, even?) price manipulation will be irrelevant.

But then again, so may be all interest in crypto, for all the negative attention these shenanigans are bringing.

[HI-TEC99]

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

His view is quite obv imo:

He builds a better product than the rest and therefore generates demand. If Reddit, Twitter or Bitcointalk like him or not won't be decisive for success or not.

Now you can obv disagree if the markets will agree with him or not or if he really will have a better product but you asked for his "plan" and here you go, that's his plan.  

Step 1 pretend Satoshi, Step 2 buy big into fork while cheap step 3 use some of the personal funds to intimidate during fork, Step 4 control shitcoin and pretend it's new Bitcoin Step 5 be richer than at step 1

 For faketoshi, I think it just comes down to this -

[Elwar]

So has it split yet? Where can I sell cash abc and cash sv for bitcoins?

[Lauda]

So has it split yet? Where can I sell cash abc and cash sv for bitcoins?

Not yet. You can follow the scam coin here:
http://hashwars.cash/
https://cash.coin.dance/