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

[Last of the V8s]

Is it correct to assume that when mtgox users get their refund next summer and sell their bitcoins, then the price of bitcoin could get its biggest drop in its history?

Oh fuck off

img]https://i.imgur.com/FTBxabv.jpg?1[/img]

oh fuck off

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[infofront]

[fluidjax]

Hmm. I had been hoping for a kumbaya moment. But now that it seems clear that ABC will the minority fork -- to the point where it becomes an economic non-factor -- I am happy for split to occur. I quite prefer the structure of SV over ABC. What with it being essentially 'the original bitcoin minus some coding errors'.

So SV adopts the mantle of The Real BCH as a stepping stone to eventually becoming The Real Bitcoin. Cool. I can live with that.

You must be happy having someone as wise & talented as CSW dictating the direction.

https://www.youtube.com/watch?v=WNSq5wYdwb0&feature=youtu.be&t=43

We need someone to make them agree!!

[Kylapoiss]

[Astargath]

It's not looking good boys

[El duderino_]

Look at all the NOCOINERS infiltrating our thread

[JayJuanGee]

Ummm fuck.

I go offline for a few hours and come back to a ton of new money in my account and find out I am now in a long position.

It’s clearly been an interesting day.  Putting some stop losses in under the lowest point of the dip but somehow don’t think I will need them.   Up from here, at least for the next couple of days. 

I am glad that you put your money where your mouth is on this.

I am also glad that you made some profits, but I am not so glad that the BTC price dipped below it's previous low for the year in order to shed some confidence in BTC bears regarding the bottom NOT being "in".

[kingcolex]

I saw a hodl meme on Reddit and just checked the price. What the fuck happened?

[El duderino_]

What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?

Because you aren't wearing a hat.

 Hey, I tried but that JJG amount of text in his avatar is no legible once shrunk to the proportions of the hat even with some creative text compression.

You could bodge it like this one that uses an animated png. However, you can probably only view the animated bit on firefox, or Chrome 59 and later.

 Good idea.  

*img*

 Avatar-sized (and bodged)

*img*

Thanks, but I don’t think I’m ready to be one of the cool kids. LOL

good,GOOD we are the NO COOL kids so join us

[El duderino_]

[aaroque2003]

It's not looking good boys

IT IS LOOKING EXACTLY THE WAY IT HAS TO BE.. !!!!!!!!!!!!!!!! Wait for the 4500-4800 range to BTFD..!!!!!!!!!!!!!!!!!!!!!!!..  

[yefi]

What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?

Every general knows that you do not engage your old guard in mere skirmishes. They are deployed best in the heat of a real battle.

[aaroque2003]

What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?

Every general knows that you do not engage your old guard in mere skirmishes. They are deployed best in the heat of a real battle.

INDEED..!!!!!!!!! Wait for it.. Wait for it..!!! I have all my bags awaiting for the 45-4800 level.. Praying those get fill up asap.. !!!!! 

[El duderino_]

haha nice never saw this magazine.......

they better SKIP the horror parts when the kids are young

[JayJuanGee]

Why isn’t everyone partying for cheap coin?

Hardly anyone "parties" when the BTC price is going on, even if they are buying along the way.

Also, BTC HODLers don't really need to party when the bottom of the year has just been breached which gives more confidence to bears.

Of course, there can be some resolution that at least shit coins are dropping more, but sometimes, I look at shitcoin prices, and I wished that they would drop even more and purge some additional froth... but there is only so much purging that can happen, markets take time, even when sometimes there are sudden moves between the slow ones.

Where is the bottom?  Who knows?  Currently hoping that $5k holds in the coming days, but who even knows about that?

So, I am not celebrating, even though I have been in incremental BTC buying mode, especially for the past several hours, from $6,200 down to $5,500.. Even though the BTC price dipped a bit below $5,400, I have not had any buy orders fill below $5,500, so far.

[goldkingcoiner]

What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?

Every general knows that you do not engage your old guard in mere skirmishes. They are deployed best in the heat of a real battle.

In other words : *empties pockets and moths fly out*

[JayJuanGee]

What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?

Because you aren't wearing a hat.

 Hey, I tried but that JJG amount of text in his avatar is no legible once shrunk to the proportions of the hat even with some creative text compression.

What an inaccurate reference. 

Surely, I would never write anything that short.  Would I?

[Paashaas]

Is this a joke?

Releasing junk with a very good change people losing money? ( bCash blocks are still almost empty)

This must be a staged event, all great actors from scammers Roger, Jihan, Craig and Calvin. Add another hashwar and voila, new momentum in a fresh created shitfork.

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/

[JayJuanGee]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

Its the same impact as a president tweeting something about any company.

But there is a difference from 1 company and a whole international 24/7 market, isn't it? Plus these are supposed to be currencies. It's ridiculous.

It’s only ridiculous because we implemented all those Wall Street regulations to avoid market manipulation.

Who is the "we" that you talk about?

And what are all of the supposed "wall street regulations"?

Bitcoin is hardly regulated...

Of course, regulators try to make some kyc and aml requirements, and they are going to continue to try to make more and more regulations to fit round pegs in square holes, and they may even customize some regulations to bitcoin and to other cryptos and even ICOs.

So far the kyc and aml regs have to do with on and off ramping from fiat and through bank regulated exchanges... Hardly applicable to overall bitcoin claims, right?  No general regulatory body covering world wide, either. 

Are you trying to sugguest something more meaningful about what is going on in bitcoin and various sporadic regs than making vague references to an ongoing desire of various governments (and likely traditional financial institutions) to regulate that some people might have? 

But that would hardly qualify as a "we" would it?  Neither in kind of regulation nor amount of regulation.  What am I missing about your seemingly vague point?

[nanobtc]

Cancelled dinner reservation tonight, to BTFD instead. Every little bit helps. Wife not impressed.