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

[Tzupy]

Just arrived this from Circle to my email:

Potential Bitcoin Changes
We wanted to provide you with some important information regarding potential changes to Bitcoin that could significantly impact bitcoin held in your Circle Account.

As described in our User Agreement, “Bitcoin is a decentralized currency that operates on open source software protocols which can be used, modified or adapted by anyone... As a result of the decentralized nature of Bitcoin it is possible that sudden, unexpected or controversial changes (“forks”) can be made to Bitcoin.”

Based on recent developments in the Bitcoin ecosystem, it now seems likely that one or more forks of Bitcoin may occur in the near future. Any fork of Bitcoin may have a significant impact on the value of bitcoin and your ability to access the bitcoin you hold with Circle.

What should I do?
The only way to avoid the potential negative consequences of a Bitcoin fork is to not hold bitcoin. Just go to Settings > Currency and convert your balance to dollars, pounds or euro (availability is based on where you live). You’ll then be able to hold those funds with Circle or cash out instantly.


Have more inside on this email but i only copied the 2 paragraphs, but can you understand the impact of this to the people ? This can be the reason of  today's dump ?

Sooo...everybody is invited to dump their bitcoins... I better place my bids looow!

[1715079336]

1715079336

[york780]

Just arrived this from Circle to my email:

Potential Bitcoin Changes
We wanted to provide you with some important information regarding potential changes to Bitcoin that could significantly impact bitcoin held in your Circle Account.

As described in our User Agreement, “Bitcoin is a decentralized currency that operates on open source software protocols which can be used, modified or adapted by anyone... As a result of the decentralized nature of Bitcoin it is possible that sudden, unexpected or controversial changes (“forks”) can be made to Bitcoin.”

Based on recent developments in the Bitcoin ecosystem, it now seems likely that one or more forks of Bitcoin may occur in the near future. Any fork of Bitcoin may have a significant impact on the value of bitcoin and your ability to access the bitcoin you hold with Circle.

What should I do?
The only way to avoid the potential negative consequences of a Bitcoin fork is to not hold bitcoin. Just go to Settings > Currency and convert your balance to dollars, pounds or euro (availability is based on where you live). You’ll then be able to hold those funds with Circle or cash out instantly.


Have more inside on this email but i only copied the 2 paragraphs, but can you understand the impact of this to the people ? This can be the reason of  today's dump ?

Sooo...everybody is invited to dump their bitcoins... I better place my bids looow!

Yes my friend. Really really low. Dump time.

[toknormal]

Bitcoin price recovering nicely.

Skyrocket imminent.

The whole thing's a big hoax IMO. The giveaway is the fact that so much market movement is achievable with only the cost of signalling which is almost nothing. Who gives a f* about signalling.

Even the hashrate is only the low hanging fruit. The next 5% is 10 times harder to get and the next 5% after that 10 times harder again. Easy drama.

[BinaryReign]

Good AM Bitcoinland.

I see the panic is returning, all the way down close to $1000 again... currently $1027USD at Bitcoinaverage.

If it actually goes down to triple digits, I'll have to think about scraping up some spare cash to buy some more.

Do you play poker with your cards in full view of your oponenent too?

Most people who have been around for a while know that this thread has absolutely zero impact on the price. I think some of us thought it did in the early (<$10) days but it is no longer the case.

The few whales that frequent this thread are either long term hodlers, or play a hold/loan on bitfinex strategy.

You can let fly your trading strategy here all you want. Nobody will change their buys or sells based on any posts in this thread other than the occasional quick turnaround on news dissemination here due to everyone having an interest in the bitcoin price and things that affect it.

Well twice now recently I've noticed when there seems to be dumping for no reason, business insider had just released a new fake fud headline. Like this http://www.businessinsider.com/bitcoin-price-is-tanking-2017-3

Just arrived this from Circle to my email:

Potential Bitcoin Changes
We wanted to provide you with some important information regarding potential changes to Bitcoin that could significantly impact bitcoin held in your Circle Account.

As described in our User Agreement, “Bitcoin is a decentralized currency that operates on open source software protocols which can be used, modified or adapted by anyone... As a result of the decentralized nature of Bitcoin it is possible that sudden, unexpected or controversial changes (“forks”) can be made to Bitcoin.”

Based on recent developments in the Bitcoin ecosystem, it now seems likely that one or more forks of Bitcoin may occur in the near future. Any fork of Bitcoin may have a significant impact on the value of bitcoin and your ability to access the bitcoin you hold with Circle.

What should I do?
The only way to avoid the potential negative consequences of a Bitcoin fork is to not hold bitcoin. Just go to Settings > Currency and convert your balance to dollars, pounds or euro (availability is based on where you live). You’ll then be able to hold those funds with Circle or cash out instantly.


Have more inside on this email but i only copied the 2 paragraphs, but can you understand the impact of this to the people ? This can be the reason of  today's dump ?

If this is true, it's really messed up because they're targeting new users only, since I have no emails like that, not even in my spam folders, and they have at least 2 of my emails, but I've been signed up for years..

[BDO_44]

oh look back to triple digit, who would have guessed 

[toknormal]

oh look back to triple digit, who would have guessed 

If there was really a threat it would be double.

[BinaryReign]

oh look back to triple digit, who would have guessed 

yea, blink and you'll miss it, in fact, you're late posting that, maybe you should just remove it...

[york780]

No triple digits is a fact for days in EUR. Only the dollar is so weak that its still 4 digits  . Oooh wait its also triple now. You happy ?

[Torque]

Guys, everyone knows the difference of $1K and $999 is a staggering amount.   

[BinaryReign]

Newbie trolls are on ignore, so whatever you're saying york, just don't waste your time..

[Karartma1]

These are the hard times where holding the keys and keeping them secure is more important than anything else

[york780]

Newbie trolls are on ignore, so whatever you're saying york, just don't waste your time..

True that. This forum has a lot of newbies accounts that only reply armageddon posts and after that nobody knows where they are going. Maybe there is some big bear party over there.

[rjclarke2000]

Forget my hero status (means fuck all a sort from posting crap for a long time)

This is a complete none techy question as I am purely a hodler.


With regards to a possible fork, what happens to us non techy guys who just hodl bitcoin long term on paper wallets? I've said I'm not techy numerous times so no dickhead comments please.

How does all this work?

Thank you.

[JimboToronto]

If it actually goes down to triple digits, I'll have to think about scraping up some spare cash to buy some more.

Do you play poker with your cards in full view of your oponenent too?

I don't play poker, and this isn't a game.

I've never hidden the fact that I'm an investor not a trader.

I buy what I can comfortably afford when the price dips and refuse to sell except in an extreme emergency.

It doesn't matter if others know what I'm doing. They can do the same if they want. Or gamble trade if they want.  It's their choice.

I held tight when the price dropped from $266 to $50 and again when it fell from  over $1100 to under $200.

I certainly have no intention of selling now. Hard fork? My coins will be on both forks. Within a few years this will seem as quaint as MtGox or CPU mining.

[Holliday]

Forget my hero status (means fuck all a sort from posting crap for a long time)

This is a complete none techy question as I am purely a hodler.


With regards to a possible fork, what happens to us non techy guys who just hodl bitcoin long term on paper wallets? I've said I'm not techy numerous times so no dickhead comments please.

How does all this work?

Thank you.

During a contentious hard fork, you would have access to the same coins on both chains, and to trade them properly you would have to disassociate them one way or another.

If one chain wins and the other goes the way of the Dodo, you have nothing to worry about holding a paper wallet.

If two chains continue to exist, at some point down the road you will probably want to disassociate your coins to prevent replay attack (a transaction on one chain is also valid on the other chain).

[rjclarke2000]

Forget my hero status (means fuck all a sort from posting crap for a long time)

This is a complete none techy question as I am purely a hodler.


With regards to a possible fork, what happens to us non techy guys who just hodl bitcoin long term on paper wallets? I've said I'm not techy numerous times so no dickhead comments please.

How does all this work?

Thank you.

During a contentious hard fork, you would have access to the same coins on both chains, and to trade them properly you would have to disassociate them one way or another.

If one chain wins and the other goes the way of the Dodo, you have nothing to worry about holding a paper wallet.

If two chains continue to exist, at some point down the road you will probably want to disassociate your coins to prevent replay attack (a transaction on one chain is also valid on the other chain).

So even after the eventual HF, don't panic and just see how it goes for a period of time?

Still very confused how this will all work. Surely no one will use the coin from the chain which is worth less than the other right? As you can see I don't understand all this. I bought up btc and then paper wallets and thought I was fine to leave it all alone.

Wrong.

[york780]

Use a hardware wallet like ledger or trezor. Then you are safe. Well, the number of coins at least. The value of the coins is a different story

[rjclarke2000]

Use a hardware wallet like ledger or trezor. Then you are safe. Well, the number of coins at least. The value of the coins is a different story

I thought a paper wallet was safe!!

[york780]

No i heart many exchanges saying that only a hardware wallet is safe. Ledger nano is cheap guys only 50 dollar to be 100% sure that your btc is safe. I recoment a trezor wallet because of its extremely good security and support, also easy to use. Everyone with online wallets gets rekt, thats what they were saying. And hardware wallets are safe, if worked with Ethereum like this and bitcoin is no excepion for this matter. But hey if you think that a paper wallet will do, use it at your own risks. Bitcoin has proved in the past that you HAVE to secure it as best as you can in my opinion.

[gentlemand]

Use a hardware wallet like ledger or trezor. Then you are safe. Well, the number of coins at least. The value of the coins is a different story

I thought a paper wallet was safe!!

Don't listen to that nincompoop.

Paper wallets created in the right manner are safe. You have your private keys and you can choose what to do with them.

Hardware wallet transactions require provider servers so you'd be waiting for them to make up their mind. You can of course take the hardware wallet private keys or seed and use them elsewhere too so it's much of a muchness.