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

[P_Shep]

I have 0.00000212 BAB *AND* BSV now. (leftover on bitfinix from dumping my BCH)

Can I buy an island?

[DaRude]

It is interesting how close to a BTC difficulty change the BCH fork and hash battle is occurring however. Provocative.

Yes.  What a coincidence.  Go figure.

Even more provocative - ABC seems to be kept alive due to a black_hat/white_knight act of Roger. He has redirected 4 EHash of power on the Bitcoin.com pool from BTC to BCH.

Spicy!

Wait, are you trying to tell me that CSW's whole plan relied on Roger sitting by idly looking at his pool mining BTC while all of his work and savings in Bcash are destroyed because there wasn't enough hash to support Bcash?

Of course not, silly. I'm merely forwarding actual information not yet entered into discourse here. What is _your_ contribution?

Though an autocratic redirection of BTC pool power without assent of all participants is kind of interesting in its own right.

More info in the Bitcoin Cash thread.

The "small" hashrate redirected by ANTMINER is probably their own. Bitcoin.com can redirect the hashrate at will as stated on its TOS AND also clearly publicly announced its intention to do so. We could try to argue about the details, the ethics or whatever... but in the end he (Ver?) did it because he CAN.

Everything went as (probably) expected and there were no surprises... obvious suspected bluffs from Wright side became factual bluffs.

Only a blind wouldn't expect that. In other breaking news, the sun has came up from the east today and appears to be settling in the west, more details at your 10o'clock news hosted by jbreher!

Anyone can show some numbers on how much it's costing CSW per day to keep that hash power on SV chain?

As a ballpark figure straight from my ass (could be as much as one order of magnitude off) I would say around $1 million a day. Not much..... And it is probably coming from Calvin's pocket mostly not CSW.

Unlike CSW, Calvin already left the door open to join the largest chain. The most probable outcome is that he will announce defeat in the next hours/days if SV keeps dropping in price and become economically unsustainable for him.

I'm getting a bit less than that. Before the fork bcash was trading at ~$450 so mining 1800 bch/day puts it at around $810k, so to 51% would require $405k, but looks like the hash rate doubled since they started the race, so that puts him back at around $810k/day.

Or to go about it the different way whats the going rate per exahash?

[Globb0]

These forks, Its all a nice big coincidence that will enable some huge bagholders to cash out some coins in a good pump.

I predict a shitstorm after, and some exchanges might go offline or something wile the dump happens trapping loads of people.

Hmm I did wonder

As I was expecting, anyone who bought BCH for the fork is getting dumped on. $384 and likely to make an ATL soon.
Guess someone's gotta hold the bags, smh

As I was expecting, anyone who bought BCH for the fork is getting dumped on. $384 and likely to make an ATL soon.
Guess someone's gotta hold the bags, smh

the more I think about it, the more I wonder if this might not all have been theater and a way to extract the most possible money back out of a failed system that two or three billionaires accidentally sank way more than they should have in to.

[El duderino_]

Guys I made something for you.   Please don't take this as investment advice

Aha! What would this thread look like without you?   

You make it prettier with every post (and repost - see moon above).

the man got some serious SKILLS, the HAT of question authority there lmao.....


edit: i would almost say his obligated to wear that HAT now

[El duderino_]

Ok, I'm hesitantly prognosticating that we've seen the bottom for the year.

Let's hope I don't fuck this one up; I'll be quite upset with myself.

Also, Rick will likely strangle me, as he bought the dip.

HODL on, HODLers.

lets hope we did .....ony then a i think NON-WO would win the bottom list (as long its a coiner-hodler its OK), but i always would prefer to send to a fellow WO
BAKKT list is also a NON-WO in the lead *hope to see big changes there though*


edit:

[El duderino_]

No one is getting BCH symbol on Binance

Looks to me like BCash has given itself cancer.

so its the cancer in the cancer 

[Globb0]

Also, Rick will likely strangle me, as he bought the dip.

Just don't forget the safe word

[El duderino_]

Also, Rick will likely strangle me, as he bought the dip.

Just don't forget the safe word

mistletoe ?





just a vince vaughn part of a movie .............

[Last of the V8s]

https://twitter.com/coinspeak_io/status/1063272025660121090
ABC used a centralized checkpoint to prevent re org. Pro ABC Exchanges were allegedly in on it.
 

[Elwar]

I gave it a half assed try to convert my 1 BCH I pulled off of Coinbase a few days ago into the forked coins.

BSV wallet is only linux based, I downloaded and tried to run it but I got tired of installing missing libraries so...no free BSV coins for me while they have any value.

Didn't get a chance to try to get BAB.

This one will have to sit with the others that are slowly losing value as well.

If a software engineer isn't getting your wallet to work, you haven't planned things all that well. (not saying it can't be done...just don't feel like going through the hassle that it would have taken).

[bitserve]

I gave it a half assed try to convert my 1 BCH I pulled off of Coinbase a few days ago into the forked coins.

BSV wallet is only linux based, I downloaded and tried to run it but I got tired of installing missing libraries so...no free BSV coins for me while they have any value.

Didn't get a chance to try to get BAB.

This one will have to sit with the others that are slowly losing value as well.

If a software engineer isn't getting your wallet to work, you haven't planned things all that well. (not saying it can't be done...just don't feel like going through the hassle that it would have taken).

If you manage to compile the wallet be careful as BCHABC/BCHSV DON'T have replay protection. This is as contentious fork as it can be.

[kenzawak]

Bitcoin Cash Civil War, Day 1 Recap

https://www.cryptoglobe.com/latest/2018/11/bitcoin-cash-civil-war-day-1-recap/

[d_eddie]

I’m a bit disappointed that BTC hasn’t made a V shaped bottom yet.   

I don’t like how we are hanging around here with volume dropping off sharply.   

it is lacking a certain snapback quality

another leg down methinks

Yes. I dared not say it, but a real V bottom is terrifying when it comes in and bounces relievingly. This wasn't and didn't. Maybe it's just a half bart after all. We'll see soon enough.

[Elwar]

I gave it a half assed try to convert my 1 BCH I pulled off of Coinbase a few days ago into the forked coins.

BSV wallet is only linux based, I downloaded and tried to run it but I got tired of installing missing libraries so...no free BSV coins for me while they have any value.

Didn't get a chance to try to get BAB.

This one will have to sit with the others that are slowly losing value as well.

If a software engineer isn't getting your wallet to work, you haven't planned things all that well. (not saying it can't be done...just don't feel like going through the hassle that it would have taken).

If you manage to compile the wallet be careful as BCHABC/BCHSV DON'T have replay protection. This is as contentious fork as it can be.

Yep...it would be...get in, get my BTC out and be done

[Phil_S]

24-hours average... update







Maybe we're just back into that old falling wedge...

We could stay at $5500 for a while

[theymos]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

https://twitter.com/coinspeak_io/status/1063272025660121090
ABC used a centralized checkpoint to prevent re org. Pro ABC Exchanges were allegedly in on it.
 

(maybe repost - no time to read thread. back soon)

It doesn't really matter either way. ABC wouldn't have accepted SV blocks even without the checkpoint, so the narrative that it's somehow "cheating" makes no sense, and the checkpoint also doesn't prevent any likely attacks, so it's pointless centralization. These guys still haven't figured out how consensus systems work...

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

[El duderino_]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Ooow long term downward from this point to halving....
Ain’t not much gonna be left by Then, so you suggest HARD times for HODLERS?

Going on full honeybadger BTFD mode for 2 years?

Cancel all future party meetings and luxury shit buyings, its hibernate time.

I can accept all of the narratives BTC had to follow, but i hope its not this one you are saying
 That been Said HOdL through all the F***ing bear market and time to change my avatar to a lebowski HAT

(Perhaps a theymos HAT ? )
XhomerX can get all of the jobs done

[mindrust]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Unless some major event happens like you said, this is exactly going to happen like it happened in 2014-2017. That means even under $3k is a possibility now.

Maybe BAKKT can reverse the bearish trend but I don't raise my hopes too high.

See you all in 2022   It will be a pure vomitfest from now on. 3 maybe 4 painful diskusting years are ahead.

Missed the Gox bubble, missed the tether bubble too. Fuck my life. >:-(

[barota]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Unless some major event happens like you said, this is exactly going to happen like it happened in 2014-2017. That means even under $3k is a possibility now.

Maybe BAKKT can reverse the bearish trend but I don't raise my hopes too high.

See you all in 2022   It will be a pure vomitfest from now on. 3 maybe 4 painful diskusting years are ahead.

Missed the Gox bubble, missed the tether bubble too. Fuck my life. >:-(

bitcoin makes waves
I predict prices will run between 5,500 and 6,100 for a while
Maybe it is a good opportunity to buy now for short terms

[mOgliE]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

This is right what I'm thinking currently.

From a very basic and practical point of view:
-Adoption rate have been nothing but dropping in last year
-Usecases of btc aren't coming up. The only thing btc is still really used for is money laundring and illegal purchases
-We're at the end of a hype cycle

So there is no reason for the trend to be anything but down for months and probably years.

We need to wait for a new wave of adoption and projects, the machine is stopping right now. Next halving can be the savior but only if it peeks the interest of people with a good big FOMO.