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

[JeremyPlew]

My life fades. The vision dims. All that remains are memories. I remember a time of chaos... ruined dreams... this wasted boaed. But most of all, I remember The NotLambchop. The man we called "NLC." To understand who he was, you have to go back to another time... when the world was powered by the GPUs... and the Bitcoin sprouted great milk crates of fans and spaghetti.

Gone now... swept away.

For reasons long forgotten, two mighty warrior tribes went to war, and touched off a blaze which engulfed them all. Without hashrate they were nothing. They'd built a house of straw.

The thundering machines sputtered and stopped. Their leaders talked and talked and talked. But nothing could stem the avalanche.

Their world crumbled. The fora exploded.

A whirlwind of looting, a firestorm of fear. Men began to feed on men. On the exchanges it was a red dildo nightmare. Only those liquid enough to scavenge, petty enough to pillage would survive.

Miner gangs took over the blockchain, ready to wage war for lel.

And in this maelstrom of decay, ordinary men were battered and smashed... men like NLC... the warrior NLC. In the roar of shitty Chinese ASIC, he lost everything... and became a shell of a man... a burnt-out, desolate man, a man haunted by the demons of his past, a man who wandered out into the Bitcoin wasteland. And it was here, in this blighted place, that he learned to live again.

Back on topic: Is 655 the new 666?

[BlindMayorBitcorn]

[dumbfbrankings]

So do we think that other coin (s) forking fun is going to have repercussions for all crypto?

Yes, we can bury the concept that contentious [hard] forks are a good idea... if this clusterfuck is happening with 85-15, imagine 75-25 scenarios or 51%.

FTFY

Contentious soft forks are the way to go, what better way to change our immutable protocol than by dragging along all those who disagree with us? It's the cypherpunk way.

I'd say r/btc socially engineered all the big blockers into ETH. I doubt we have many left.

It’s a shame Barry sold off Second Market. It would have been nice to be able to hedge by buying pre-ipo Blockstream shares.

Venture capitalists, insurance giants, and shrewd founders get all the spoils. All I got was this silly T-shirt. And wouldn’t you know it, it’s a SMALL. fml.

[BlindMayorBitcorn]

This is crypto...it's turtles all the way down. 

[becoin]

So do we think that other coin (s) forking fun is going to have repercussions for all crypto?

Yes, we can bury the concept that contentious [hard] forks are a good idea... if this clusterfuck is happening with 85-15, imagine 75-25 scenarios or 51%.

FTFY

Contentious soft forks are the way to go, what better way to change our immutable protocol than by dragging along all those who disagree with us? It's the cypherpunk way.

Sidechains is the way to go. It's the cypherpunk way.

[BlindMayorBitcorn]

So do we think that other coin (s) forking fun is going to have repercussions for all crypto?

Yes, we can bury the concept that contentious [hard] forks are a good idea... if this clusterfuck is happening with 85-15, imagine 75-25 scenarios or 51%.

FTFY

Contentious soft forks are the way to go, what better way to change our immutable protocol than by dragging along all those who disagree with us? It's the cypherpunk way.

Sidechains is the way to go. It's the cypherpunk way.

Ya but. How do we come together as a community to pump and dump a sidechain?

[JeremyPlew]

Ya but. How do we come together as a community to pump and dump a sidechain?

Do you think you're the only one that's suffered? We've all been through it in here. But we haven't given up. We're still human beings, With dignity!

[BlindMayorBitcorn]

Ya but. How do we come together as a community to pump and dump a sidechain?

Do you think you're the only one that's suffered? We've all been through it in here. But we haven't given up. We're still human beings, With dignity!

The eyes are not here
    There are no eyes here
    In this valley of dying stars
    In this hollow valley
    This broken jaw of our lost kingdoms

 

[marcus_of_augustus]

rumour of a new fork ETF is gonna pump all things ETF ...
EtheruemFail

[JeremyPlew]

Just like any other pump and dump coin.

But not like Bitcoin. We've outgrown that foolishness, have mellowed, matured.
Them sweaty pump days are over, Bitcoin got the diabitus.

[Fatman3001]

Conclusion: No 2mb hard fork in the foreseeable future for Bitcoin.

Yeah. Unless almost everyone is satisfied and going forward together I think this has killed off any chances of anything contentious ever happening. Bitcoin has far more money, far more grievances, far more mining grunt and far more ideology.

I'm calling it. The block size wars are over!

It was over in February.

Doesn't mean we can't bitch about it.

[JayJuanGee]

oh come on mods even coindesk can't help but talk about the forbidden coin(s)

Do you 5think the price is stagnating due to dropping hashrate? It says here https://bitcoinwisdom.com/bitcoin/difficulty the next difficulty adjustment is gonna be -6.77%, is this something to worry about? Does that mean that Bitcoin is going to be 6.77% less valuable?

Yeah, your probably right, just go ahead and sell your coins now before it's too late. K champ?

I shouldn't wait a little bit longer? I held my bitcoins like a champ all through the halvening, and then people told me it takes a while for marginal supplies to egress exchange trading pool due to slowlyness of the legacy banking cartel, and the heightening of the demand vis-a-vis the lowering of the marginal supply will begin exponentially escalating the value of Bitcoin space in a couple of short weeks...
Don't you think I should wait for another two weeks, when the price will double for sure?

We almost regained last night's losses, so I'm trying to remain cautiously optimistic.

Oh yeah, it is a great idea to rely on what other people tell you in deciding whether to buy or sell.... genius.   

[dumbfbrankings]

ETH down 11%, ETHC up 336%. This is no stock split. All this money is still coming out of Bitcoin's pocket; this is just what scaling looks like...horizontal. We've been waiting for the train on the wrong tracks.

We only respect one aspect of ETC over ETH. We have no interest in holding either longterm. You are right that ETC is partially being funded by BTC maximalists and trolls however. If you look art all the red over the charts the 336% rise is also a result of daytraders and altcoin speculators riding the next wave for profits by selling their shitcoins and buying ETC. Mix in with that some sincere Ethereum investors and you have a bigger picture.

Bottom line, ETH will keep a premium above ETC , but ETC may rise further and ETH drop further. Overall the combined market cap will be higher however because, as you correctly stated, there is indeed some btc flowing in from maximalists and trolls. This will be short lived however and we may see both coins decline , especially as some replay attacks occur and the lawsuits progress.

Bitcoin will remain stable in price and hover around our holy number 666... which is a testament to bitcoin being the ultimate utility for vice and sin due to its fungibility. (don't tell Luke)

Well I'm clearly both of these things. I don't know why I wasn't informed.

You were.

You know I love you Fatty, but after the Ethereum fiasco, doesn't the prospect of periodic hard froks make you uneasy? It makes me uneasy. XMR does it. Does it work ok for them?

I don't really follow you. Ethereum got squashed by smart contracts (sort of like LN will have) and xmr is kept back by only catering for technically minded nationalistic sociopaths.

I heard somewhere xmr has periodic hard froks. I don't know. Nevermind. I'm still piecing it together in my head. Let me try to reprhase that whole thing.



Edit: I'd like to know your thoughts on the impending ETH hard fork, and if you think planned, routine hard forks are a good idea generally?
Post Edit: I'm sincerely asking. I'm not smart enough for crypto sarcasm

Eth wasn't supposed to be a BTC competitor. Immutability is not thought of as sacred in ethereum. Such a fork would be catastrophic in BTC, but in eth it might make sense. I'd vote against it because it was obvious to anyone with half a brain that something like this would happen. Other hard forks seem to have gone through fairly smoothly though.
...

In my mind, if ETH hard forks to bail out reckless investors in the DAO, it’s over. It may live on, in some form, and with some market value, but I’m not interested. If they don’t HF to bail out a faulty contract, or if a minority branch survives… that would be more interesting to me.

SFYL? 

[JeremyPlew]

Is something going on ?

finex, huobi and okcoin are flatlining (bitcoinwisdom)

bfx down

https://postimg.org/image/p7386hlld/

[dumbfbrankings]

Is something going on ?

finex, huobi and okcoin are flatlining (bitcoinwisdom)

bfx down

Unpossible, Phillip G. Potter migrated to a new datacenter.

[Fatman3001]

You know I love you Fatty, but after the Ethereum fiasco, doesn't the prospect of periodic hard froks make you uneasy? It makes me uneasy. XMR does it. Does it work ok for them?

I don't really follow you. Ethereum got squashed by smart contracts (sort of like LN will have) and xmr is kept back by only catering for technically minded nationalistic sociopaths.

I heard somewhere xmr has periodic hard froks. I don't know. Nevermind. I'm still piecing it together in my head. Let me try to reprhase that whole thing.



Edit: I'd like to know your thoughts on the impending ETH hard fork, and if you think planned, routine hard forks are a good idea generally?
Post Edit: I'm sincerely asking. I'm not smart enough for crypto sarcasm

Eth wasn't supposed to be a BTC competitor. Immutability is not thought of as sacred in ethereum. Such a fork would be catastrophic in BTC, but in eth it might make sense. I'd vote against it because it was obvious to anyone with half a brain that something like this would happen. Other hard forks seem to have gone through fairly smoothly though.
...

In my mind, if ETH hard forks to bail out reckless investors in the DAO, it’s over. It may live on, in some form, and with some market value, but I’m not interested. If they don’t HF to bail out a faulty contract, or if a minority branch survives… that would be more interesting to me.

SFYL?  

No worries. ETC asshats gave me a bunch of coins to dump. Some idiot at polo actually paid for them. I think it was becoin.

[Fatman3001]

How many accounts do you have running here BMB? This is making my head spin.

Also, everyone looking forward to the finex long squeeze?

[dumbfbrankings]

In my mind, if ETH hard forks to bail out reckless investors in the DAO, it’s over. It may live on, in some form, and with some market value, but I’m not interested. If they don’t HF to bail out a faulty contract, or if a minority branch survives… that would be more interesting to me.

That was hardly insider informations. Now was it?

Of course it wasn't insider information, I'm not an insider.

Reading comprehension tho, good mayor kern. I was talking about ETH, the one with the bailout.

[marcus_of_augustus]

Bottoming in bitcoin hashrate have offered best buying opportunities in the past ... dyood but this is where big money gets made.

In the old days we called it "time to mine or time to buy?" ratio.

[DaRude]

Eth Classic Market Cap is now about 20% of ETH 

This is interesting, someone with a lot of money wants to punish ETH.Guess that dude couldn't 51% it with all of his hashing power or is it ongoing?