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

[PoolMinor]

Next drop in ~20 minutes.

Im buying all the way down. the lower it gets the bigger my order. My lowest and biggest order is at 1500. I am hoping it wont get filled and we will not reached that level.

I just want to let the manipulators know that there are others, although small like me, that will compete with them on this feast.

I may have been a little bit too early perhaps it should have been ~50 minutes. I have the same strategy to buy all the way down, one cannot know the bottom much like one cannot know the peak.

Safe trading to you.

[Arriemoller]

You folks all decide to sport matching pretty hats... then bitcoin crashes.
coincidence? I think not..... doooohh

 The hats are only phase one of our master plan

spoiler alert!

That patch is so cool, I order three and another three as stickers please.
Well done sir.

[mindrust]

Meanwhile  some weird shit happens on Bcash;



I know nobody gives a shit but, you can't deny its entertaining.

[bitserve]

The most interesting thing is that currently Bcash (ABC) has almost reached mining profit equilibrium with Bitcoin. In the meantime, Craig/Calvin are mining their shit at 2.5x less profitability than BTC or even ABC.

[nikauforest]

[mindrust]

The most interesting thing is that currently Bcash (ABC) has almost reached mining profit equilibrium with Bitcoin.

The way i see it they trust Calvin not going to attack BAB chain so they are moving their hash to the more profitable chain which is Bitcoin.

Question is, why don't BSV do the same?

Some major shit might happen soon considering both sides are back stabbing conmen.

[wayna]

https://twitter.com/nebraskangooner/status/1066390454353178630

We are already  in that moment but I am prepared to another dump rather than a pump.

[bitserve]

The most interesting thing is that currently Bcash (ABC) has almost reached mining profit equilibrium with Bitcoin.

The way i see it they trust Calvin not going to attack BAB chain so they are moving their hash to the more profitable chain which is Bitcoin.

Question is, why don't BSV do the same?

Some major shit might happen soon considering both sides are back stabbing conmen.

Yes, they (ABC) have reduced hashrate to reach profitability equilibrium with BTC (which probably isn't profitable anyways at current price). With the checkpoints and the possibility of redirecting more hashrate in case of need I don't think they worry so much about an attack.

If BSV does the same (as it was logical) that would go against everything they have been saying about the long term commitment of their full hashrate, being determined to keep mining at a loss for a full decade, etc.... It's not that they are man's of word at all, and I am sure they will sooner than later do it.... but they are probably thinking about a good excuse that they can "sell".

[mindrust]

If BSV does the same (as it was logical) that would go against everything they have been saying about the long term commitment of their full hashrate, being determined to keep mining at a loss for a full decade, etc.... It's not that they are man's of word at all, and I am sure they will sooner than later do it.... but they are probably thinking about a good excuse that they can "sell".

They (BSV) already backpedalled a couple times. They said no split, now they are offering terms to get a clean split.

I wouldn't surprise If they abandon the project all together and disappear. Nobody gives a shit about what they say anyway. I mean nobody should give a shit about bcash in the first pleace but Vermin has .com domain and various other major propaganda points like @bitcoin so he can continue his scam for a long time.

What does Prof Fucktard have? Nothing.

[PoolMinor]

The most interesting thing is that currently Bcash (ABC) has almost reached mining profit equilibrium with Bitcoin.

The way i see it they trust Calvin not going to attack BAB chain so they are moving their hash to the more profitable chain which is Bitcoin.

Question is, why don't BSV do the same?

Some major shit might happen soon considering both sides are back stabbing conmen.

Yes, they (ABC) have reduced hashrate to reach profitability equilibrium with BTC (which probably isn't profitable anyways at current price). With the checkpoints and the possibility of redirecting more hashrate in case of need I don't think they worry so much about an attack.

If BSV does the same (as it was logical) that would go against everything they have been saying about the long term commitment of their full hashrate, being determined to keep mining at a loss for a full decade, etc.... It's not that they are man's of word at all, and I am sure they will sooner than later do it.... but they are probably thinking about a good excuse that they can "sell".

BSV is not mining for profit but for security. So no, I doubt they would switch to BTC.

[dutchlincoln]

What bothers me is we are getting well ahead of schedule.   We shouldn't be into $3k before January.  

We are doing it ahead of schedule because it had to be done before Bakkt and ETF are operational. Nobody on WS opens up a brand new venue during the shitstorm.

Notice how neatly GBTC started trading just as the bear was on the last legs in 2015 and just as it started, there was the last good pulldown before the train left the station for a 2015-2017 run up.

I hope you are correct

Hope is for church... Here i.r.l. we do facts... 

[becoin]

In the coming week I'll be reallocating capital from other projects I have to put it in bitcoins. Current price level is a lifetime opportunity that should not be missed!

[qwizzie]

The most interesting thing is that currently Bcash (ABC) has almost reached mining profit equilibrium with Bitcoin.

The way i see it they trust Calvin not going to attack BAB chain so they are moving their hash to the more profitable chain which is Bitcoin.

Question is, why don't BSV do the same?

Some major shit might happen soon considering both sides are back stabbing conmen.

Yes, they (ABC) have reduced hashrate to reach profitability equilibrium with BTC (which probably isn't profitable anyways at current price). With the checkpoints and the possibility of redirecting more hashrate in case of need I don't think they worry so much about an attack.

If BSV does the same (as it was logical) that would go against everything they have been saying about the long term commitment of their full hashrate, being determined to keep mining at a loss for a full decade, etc.... It's not that they are man's of word at all, and I am sure they will sooner than later do it.... but they are probably thinking about a good excuse that they can "sell".

BSV is not mining for profit but for security. So no, I doubt they would switch to BTC.

Theoretically speaking : I wonder what kind of impact low hashrate would have on those large blocks of them (128 mb ?)  

[bitserve]

If BSV does the same (as it was logical) that would go against everything they have been saying about the long term commitment of their full hashrate, being determined to keep mining at a loss for a full decade, etc.... It's not that they are man's of word at all, and I am sure they will sooner than later do it.... but they are probably thinking about a good excuse that they can "sell".

They (BSV) already backpedalled a couple times. They said no split, now they are offering terms to get a clean split.

I wouldn't surprise If they abandon the project all together and disappear. Nobody gives a shit about what they say anyway. I mean nobody should give a shit about bcash in the first pleace but Vermin has .com domain and various other major propaganda points like @bitcoin so he can continue his scam for a long time.

What does Prof Fucktard have? Nothing.

CSW has a real billionaire (calvinayre), so a deep a pocket behind. And as the cons they are I would be surprised if they didn't short the market before their shitshow. So, deeper pockets now.

[mindrust]

If BSV does the same (as it was logical) that would go against everything they have been saying about the long term commitment of their full hashrate, being determined to keep mining at a loss for a full decade, etc.... It's not that they are man's of word at all, and I am sure they will sooner than later do it.... but they are probably thinking about a good excuse that they can "sell".

They (BSV) already backpedalled a couple times. They said no split, now they are offering terms to get a clean split.

I wouldn't surprise If they abandon the project all together and disappear. Nobody gives a shit about what they say anyway. I mean nobody should give a shit about bcash in the first pleace but Vermin has .com domain and various other major propaganda points like @bitcoin so he can continue his scam for a long time.

What does Prof Fucktard have? Nothing.

CSW has a real billionaire (calvinayre), so a deep a pocket behind. And as the cons they are I would be surprised if they didn't short the market before their shitshow. So, deeper pockets now.

I don't deny it and very well aware of it but I don't think Calvin is serious to take that bet.

Even if he was serious, it'll take years to build a story behind SV chain. They need to build their own business allies (like bitmain), news channels, paid shills... they need a massive network to do what? Compete against BAB. Don't think so.

[bitserve]

The most interesting thing is that currently Bcash (ABC) has almost reached mining profit equilibrium with Bitcoin.

The way i see it they trust Calvin not going to attack BAB chain so they are moving their hash to the more profitable chain which is Bitcoin.

Question is, why don't BSV do the same?

Some major shit might happen soon considering both sides are back stabbing conmen.

Yes, they (ABC) have reduced hashrate to reach profitability equilibrium with BTC (which probably isn't profitable anyways at current price). With the checkpoints and the possibility of redirecting more hashrate in case of need I don't think they worry so much about an attack.

If BSV does the same (as it was logical) that would go against everything they have been saying about the long term commitment of their full hashrate, being determined to keep mining at a loss for a full decade, etc.... It's not that they are man's of word at all, and I am sure they will sooner than later do it.... but they are probably thinking about a good excuse that they can "sell".

BSV is not mining for profit but for security. So no, I doubt they would switch to BTC.

It is obvious they are not mining for profit but... security? what do you mean? No one is going to attack that shit even if they reduced their hashrate to the equilibrium point.

If Ver/WU wanted to attack it, they could do it right now with just a small part of their hashrate.

[alevlaslo]

the price became too early 3600, now there will be a strong correction upward

[somac.]

What bothers me is we are getting well ahead of schedule.   We shouldn't be into $3k before January.  

We are doing it ahead of schedule because it had to be done before Bakkt and ETF are operational. Nobody on WS opens up a brand new venue during the shitstorm.

Notice how neatly GBTC started trading just as the bear was on the last legs in 2015 and just as it started, there was the last good pulldown before the train left the station for a 2015-2017 run up.

I hope you are correct

Hope is for church... Here i.r.l. we do facts... 

and how are the current facts treating you?

[Karartma1]

Please all imagine those giant green candles that are ready to pop up when "institutionals" will get officially on board. Everything happens for a reason and I think this got well planned all along. The parabolic rise in 2017 was unreal as this 2018 drop.
Expect fireworks when Etfs and bakkt shit will take off.
That's how I see it.
Bitcoin is an asset for the institutionals. They can't control the instrument (they don't even get it) but sure as hell they can control the price.

Am I being dumb here?

[criptix]

The most interesting thing is that currently Bcash (ABC) has almost reached mining profit equilibrium with Bitcoin.

The way i see it they trust Calvin not going to attack BAB chain so they are moving their hash to the more profitable chain which is Bitcoin.

Question is, why don't BSV do the same?

Some major shit might happen soon considering both sides are back stabbing conmen.

Yes, they (ABC) have reduced hashrate to reach profitability equilibrium with BTC (which probably isn't profitable anyways at current price). With the checkpoints and the possibility of redirecting more hashrate in case of need I don't think they worry so much about an attack.

If BSV does the same (as it was logical) that would go against everything they have been saying about the long term commitment of their full hashrate, being determined to keep mining at a loss for a full decade, etc.... It's not that they are man's of word at all, and I am sure they will sooner than later do it.... but they are probably thinking about a good excuse that they can "sell".

BSV is not mining for profit but for security. So no, I doubt they would switch to BTC.

Theoretically speaking : I wonder what kind of impact low hashrate would have on those large blocks of them (128 mb ?)  

There should be no effect because of difficulty adjustment (except in the case majority of hash disappears long before diff adjustment)


Btw I dont think hashwar is the reason for the dump.

Also think we gonna bounce to at least 4 k from here.