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

[600watt]

(insert): what-if-meme

(text): this is the 2017 silkroad dip

[ImI]

So all of this bullshit is just BU?? Really? Thats what is causing this move downward? Surely there must be something else going on!

Why would you need something else going on? It'll be a total shit storm if we get a hard fork.

The shit storm is already going on. BUcoin hardfork is already priced in!

No it's not

Yes, it is. Chances of a hard fork happening are already above 90%. I'd advise SW pools to switch temporarily to BU and activate the fork then switch back to Core. Better give psychopaths their BUcoin and get rid of those bitcoin haters.

I would say chances that we see a BU-fork in 2017 are 20% at the moment. They need a significant majority in hashpower, something like 80% and that's hard to get.

[Ibian]

Is there any practical reason why bitcoin couldn't be patched so miners can set their own blocksize?

[Raja_MBZ]

So all of this bullshit is just BU?? Really? Thats what is causing this move downward? Surely there must be something else going on!

Why would you need something else going on? It'll be a total shit storm if we get a hard fork.

The shit storm is already going on. BUcoin hardfork is already priced in!

No it's not

Yes, it is. Chances of a hard fork happening are already above 90%. I'd advise SW pools to switch temporarily to BU and activate the fork then switch back to Core. Better give psychopaths their BUcoin and get rid of those bitcoin haters.

I would say chances that we see a BU-fork in 2017 are 20% at the moment. They need a significant majority in hashpower, something like 80% and that's hard to get.

Yes, and I'm 100% sure that they can't get that huge hash-power.

Bitcoin price is going to recover soon, I believe there is some other cause to this dump of bitcoin's value, it doesn't seem like BU is the cause of it.

[BlindMayorBitcorn]

I believe BU is very much the cause of it. Spooderman is right. Civil war is one thing it's too much to stomach.

[European Central Bank]

Yes, and I'm 100% sure that they can't get that huge hash-power.

but this could be like the war on terror. it's gonna be never ending and it can be ramped up whenever it suits people to do so. i really hope some acceptable solution is arrived at or it'll be hanging over bitcoin until people simply embrace something else that isn't so goddamn squabbly.

[Holliday]

Is there any practical reason why bitcoin couldn't be patched so miners can set their own blocksize?

Is there any practical reason why bitcoin couldn't be patched so miners can set their own blockreward?

[Holliday]

Don't fight momentum.. 

Yeah! Buy high and sell low! What a bunch of pro speculators we have in this thread.

[Torque]

I believe BU90% of the newbie trolls trying to incite BU fork FUD drama is very much the cause of it. Spooderman is right completely wrong, as am I. Civil war is one thing it's too much to stomach. is a made-up bullshit that I currently believe is real.

Here, I FTFY

[BlindMayorBitcorn]

If it could happen to ETH it could happen to us. Bitcoin exceptionalism is like American exceptionalism. It's stupid

[Ibian]

Yes, and I'm 100% sure that they can't get that huge hash-power.

but this could be like the war on terror. it's gonna be never ending and it can be ramped up whenever it suits people to do so. i really hope some acceptable solution is arrived at or it'll be hanging over bitcoin until people simply embrace something else that isn't so goddamn squabbly.

If we can't fix it why would any other coin?

[European Central Bank]

If we can't fix it why would any other coin?

because fixing bitcoin is like changing wheels on a train while it's still working the express route every day.

if nothing else it's providing truly huge amounts of information for other people to take and run with. maybe someone will scratch build something that addresses the most common gripes in a way that's so logical it's impossible to take any type of position against.

a long shot of course, but i wouldn't underestimate the lessons we're learning every day and they're really, really hard to retrofit on bitcoin itself.

[becoin]

Yes, and I'm 100% sure that they can't get that huge hash-power.

but this could be like the war on terror. it's gonna be never ending and it can be ramped up whenever it suits people to do so.

That's exactly the idea, buddy.
PBoC, SEC, alts pump, BU  coming right after one another accompanied by massive sell offs all are part of one chain of social engineered attacks.

[Ibian]

If we can't fix it why would any other coin?

because fixing bitcoin is like changing wheels on a train while it's still working the express route every day.

if nothing else it's providing truly huge amounts of information for other people to take and run with. maybe someone will scratch build something that addresses the most common gripes in a way that's so logical it's impossible to take any type of position against.

a long shot of course, but i wouldn't underestimate the lessons we're learning every day.

A bad analogy is like a fart. Nobody likes it.

The smartest people in the entire global crypto world are working on bitcoin. So I repeat. If we can't fix this sort of problem with bitcoin, why would any other coin be able to?

[Master mind]

If we can't fix it why would any other coin?

because fixing bitcoin is like changing wheels on a train while it's still working the express route every day.

if nothing else it's providing truly huge amounts of information for other people to take and run with. maybe someone will scratch build something that addresses the most common gripes in a way that's so logical it's impossible to take any type of position against.

a long shot of course, but i wouldn't underestimate the lessons we're learning every day.

A bad analogy is like a fart. Nobody likes it.

The smartest people in the entire global crypto world are working on bitcoin. So I repeat. If we can't fix this sort of problem with bitcoin, why would any other coin be able to?

[becoin]

If it could happen to ETH it could happen to us.

Sure. Just implement a bitcoin DAO and then fork bitcoin to bailout greedy investors.

[BlindMayorBitcorn]

If it could happen to ETH it could happen to us.

Sure. Just implement a bitcoin DAO and then fork bitcoin to bailout greedy investors.

The reason was all politics. Kind of like block size.

[European Central Bank]

even if this is total bullshit, it's still a kind of far out idea.

https://api.bitfinex.com/v1/symbols

https://www.bitfinex.com/cst_token_terms

real.

thoughts?

[Torque]

So anyone care to explain why this whole BU fork FUD just happens to come up immediately after the ETF disapproval?  Hmmm?

You guys are getting played.  The pumpers ALWAYS come up with a reason to DUMP following an ATH.  If they can't exploit a hole, hack an exchange, or DDoS the shit out of one, they'll find another way.

The new way is pretty simple: social engineering based on emotion.  Make something trivial about Bitcoin into a big deal, create troll/shill accounts to divide the community, push $$$ towards alts and tout them as 'Bitcoin 2.0', and get everyone whipped up in a frenzy.  And short-dump on the way down.

Apparently, 90% of the time it's gonna work every time. Because bitcoiners are a bunch of overgrown whiny babies that can be easily manipulated.

[BlindMayorBitcorn]

So anyone care to explain why this whole BU fork FUD just happens to come up immediately after the ETF disapproval?  Hmmm?

You guys are getting played.  The pumpers ALWAYS come up with a reason to DUMP following an ATH.  If they can't exploit a hole, hack an exchange, or DDoS the shit out of one, they'll find another way.

The new way is pretty simple: social engineering based on emotion.  Make something trivial about Bitcoin into a big deal, create troll/shill accounts to divide the community, push $$$ towards alts and tout them as 'Bitcoin 2.0', and get everyone whipped up in a frenzy.  And short-dump on the way down.

Apparently, 90% of the time it's gonna work every time. Because bitcoiners are a bunch of overgrown whiny babies that can be easily manipulated.

Or this. Idk.

But with enough social engineering we can be forked. They'll never stop trying