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

[conspirosphere.tk]

The future of Bitcoin is bright either way, BUcoin HF or not. I'm using every possibility to increase my Bitcoin stash, the cheaper the better!

My doubt is if splitting the miners with the competing chain could expose core to significant risks of attack for a while. There would be even some lagging until difficulty adjusts. But probably nothing of dramatic.

[Ted E. Bare]

This can be the beginning of a mega rally once we are past the scaling drama and FUD. And still today the bitcoin price is amazing.

[criptix]

The future of Bitcoin is bright either way, BUcoin HF or not. I'm using every possibility to increase my Bitcoin stash, the cheaper the better!

My doubt is if splitting the miners with the competing chain could expose core to significant risks of attack for a while. There would be even some lagging until difficulty adjusts. But probably nothing of dramatic.

Depends on how many miners switch. Imagine 50/50. We would have double the blocktimes for 2014 blocks? (Depending of course when the HF starts)

[RCan06]

This can be the beginning of a mega rally once we are past the scaling drama and FUD. And still today the bitcoin price is amazing.

Considering I'm unsatisfied with the price around or below 900, yet in 2015 was very happy with a price pushing 300, it definitely feels as though we've come a long way. I'm pretty positive the future is bright.

[AlexGR]

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

2 coins would at least put an end for good to this endless drama.
The market will sort out the good coins from the bad ones.

I don't think there will ever be enough consensus for a fork. However, if there is one then doesn't it mean all Bitcoin holders can double their money, provided the price stays the same?

Price will not stay the same! BUcoin price will crash immediately as a result of oversupply, everybody will sell it. The price of Bitcoin will shoot up to the moon firstly, because everybody will convert BUcoins into Bitcoins and secondly, because there will be no obstacles anymore to implement segwit, LN and sidechains.

So we get to keep all our coins, sell the fork's coins for a fair amount of cash, and the coins we hold shoot up to the moon in value?

That sounds like the kind of sweet deal that will entice speculators to buy in advance.

Forking MONEY is self-destructive for the system. Confusion, loss of confidence, precedent for future forks, etc etc.

[SERVERIA]

So we get to keep all our coins, sell the fork's coins for a fair amount of cash, and the coins we hold shoot up to the moon in value?

That sounds like the kind of sweet deal that will entice speculators to buy in advance.

Yeah just wondering why the whales dump coins periodically. Why couldn't they hold for a while (at least 3-4 months) and then cash out with at least +20-30% profit?

[conspirosphere.tk]

Forking MONEY is self-destructive for the system. Confusion, loss of confidence, precedent for future forks, etc etc.

yes, but BU is even more destructive as traitors in our midst. If they are left to their destiny they will either fail or become Chinacoin 2, setting the precedent that bitcoin heretics get burned.

[BinaryReign]

The future of Bitcoin is bright either way, BUcoin HF or not. I'm using every possibility to increase my Bitcoin stash, the cheaper the better!

My doubt is if splitting the miners with the competing chain could expose core to significant risks of attack for a while. There would be even some lagging until difficulty adjusts. But probably nothing of dramatic.

Depends on how many miners switch. Imagine 50/50. We would have double the blocktimes for 2014 blocks? (Depending of course when the HF starts)

It would give me an excuse to fire up the old miners that are just collecting dust right now..  

[MinermanNC]

I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.

Not to say the same would hold true for BTC. But where the best dev support is, is where the value will be and hence the dominant coin.

As far as reply attacks" Most exchanges and Coinbase etc. are prepared for that should there be some. I really don't think many will go out and try to catch that sweet spot and pick up extra coins anyways lol and it could prove risky as well. 

[AlexGR]

I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.

ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control.

[Searing]

The future of Bitcoin is bright either way, BUcoin HF or not. I'm using every possibility to increase my Bitcoin stash, the cheaper the better!

My doubt is if splitting the miners with the competing chain could expose core to significant risks of attack for a while. There would be even some lagging until difficulty adjusts. But probably nothing of dramatic.

Depends on how many miners switch. Imagine 50/50. We would have double the blocktimes for 2014 blocks? (Depending of course when the HF starts)

It would give me an excuse to fire up the old miners that are just collecting dust right now..  

Huh.  I can hought the difficulty would start the same on a fork.  Hmmmmm. Have 5 KNC Jupiters

For the metal cases.  Server psu cases was the reason

[N12]

With Bitcoin bouncing off the weekly 20 SMA, Segwit hashrate overtakes that of BU, making it clear to sellers how hysterical they have been with their hardfork fears. At the very least, prepare for a big retrace.

Price is heavily discounted. Buy or die.

[springgers]

I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.

ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control.

Didn't realize it was a centralized coin because I thought all cryptocurrency no matter if they are alt coins are decentralized.
Well that changes my perspective on how I view ethereum now.

[MinermanNC]

I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.

ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control.

Well not really centralized.... I don't think any coin is really centralized. I think Miners choose to mine it because of its support and hash per dollar is much better, at least right now lol

Maybe centralized in that is has strong dev support that can add to code or alter etc. so? Idk lol

[AlexGR]

I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.

ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control.

Didn't realize it was a centralized coin because I thought all cryptocurrency no matter if they are alt coins are decentralized.
Well that changes my perspective on how I view ethereum now.

No, it's not an inherent property of cryptocurrencies. The ideal is of course to be decentralized, but this is rarely the case. Plus centralization is not a white/black value, it has various degrees. There are also various types of centralization. Some cryptocurrencies are heavily centralized in their developers who set he course, others in miners (pow coins), others in stakeholders (pos coins), etc.

I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.

ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control.

Well not really centralized.... I don't think any coin is really centralized. I think Miners choose to mine it because of its support and hash per dollar is much better, at least right now lol

Maybe centralized in that is has strong dev support that can add to code or alter etc. so? Idk lol

Altcoins with evolving feature set are typically very dev-centralized. If the dev issues 5 feature-forks or bugfix-forks a year, you can't really stay behind because you'll be sitting on a dead chain.

[kurious]

With Bitcoin bouncing off the weekly 20 SMA, Segwit hashrate overtakes that of BU, making it clear to sellers how hysterical they have been with their hardfork fears. At the very least, prepare for a big retrace.

Price is heavily discounted. Buy or die.

Long time no see, Blitz.

A signal SW has ended the war means a retrace is inevitable.   I am not sure the war is over yet though, even though I wish it was.

[MinermanNC]

I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.

ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control.

Didn't realize it was a centralized coin because I thought all cryptocurrency no matter if they are alt coins are decentralized.
Well that changes my perspective on how I view ethereum now.

No, it's not an inherent property of cryptocurrencies. The ideal is of course to be decentralized, but this is rarely the case. Plus centralization is not a white/black value, it has various degrees. There are also various types of centralization. Some cryptocurrencies are heavily centralized in their developers who set he course, others in miners (pow coins), others in stakeholders (pos coins), etc.

I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.

ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control.

Well not really centralized.... I don't think any coin is really centralized. I think Miners choose to mine it because of its support and hash per dollar is much better, at least right now lol

Maybe centralized in that is has strong dev support that can add to code or alter etc. so? Idk lol

Altcoins with evolving feature set are typically very dev-centralized. If the dev issues 5 feature-forks or bugfix-forks a year, you can't really stay behind because you'll be sitting on a dead chain.

Yes that's more of the reality of crypto's. POS generates coins to the holders of that coin in their wallets. And no miners can dictate that. So it varies in the term centralized that way. Id say POS is far more centralized.. then say Bitcoin.

Eventually, ETH maybe will move to POS then Id consider it pretty much centralized... if that all makes sense  

[conspirosphere.tk]

Price is heavily discounted. Buy or die.

Thx, but I'm leaving some fiat on the exchange for the next panic sale. I'm confident that we'll have some in the near future.

[kurious]

I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.

ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control.

Didn't realize it was a centralized coin because I thought all cryptocurrency no matter if they are alt coins are decentralized.
Well that changes my perspective on how I view ethereum now.

No, it's not an inherent property of cryptocurrencies. The ideal is of course to be decentralized, but this is rarely the case. Plus centralization is not a white/black value, it has various degrees. There are also various types of centralization. Some cryptocurrencies are heavily centralized in their developers who set he course, others in miners (pow coins), others in stakeholders (pos coins), etc.

I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.

ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control.

Well not really centralized.... I don't think any coin is really centralized. I think Miners choose to mine it because of its support and hash per dollar is much better, at least right now lol

Maybe centralized in that is has strong dev support that can add to code or alter etc. so? Idk lol

Altcoins with evolving feature set are typically very dev-centralized. If the dev issues 5 feature-forks or bugfix-forks a year, you can't really stay behind because you'll be sitting on a dead chain.

Yes that's more of the reality of crypto's. POS generates coins to the holders of that coin in their wallets. And no miners can dictate that. So it varies in the term centralized that way. Id say POS is far more centralized.. then say Bitcoin.

Eventually, ETH maybe will move to POS then Id consider it pretty much centralized... if that all makes sense  

I thought that was the plan already

[N12]

With Bitcoin bouncing off the weekly 20 SMA, Segwit hashrate overtakes that of BU, making it clear to sellers how hysterical they have been with their hardfork fears. At the very least, prepare for a big retrace.

Price is heavily discounted. Buy or die.

Long time no see, Blitz.

A signal SW has ended the war means a retrace is inevitable.   I am not sure the war is over yet though, even though I wish it was.

Yeah, price has been on a relatively boring trajectory since my last post. Not that I don't like boring – a multi year bull market was the favored scenario.

The war isn't over, and that's the point. It's really the same stalemate as always, and the hardfork fears of the last couple days were unfounded since BU won't reach a hashrate far enough above 50% (I believe if they did it with say 55%, even their own BU community would start turning against them since they know how risky it is) to reliably pull off a hard fork. The price did well enough with a 1 MB block size and will continue doing so. The problem here IMO was the perceived risk of hardfork, and that is now alleviated.