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

[Torque]

Yeah.. it is quite tragic that bitcoin has not broken ATH for 6 weeks.  In other words, we are fucked.  

JJG, I like how you read into what people say and twist it to suit your bias/agenda, as opposed to what they actually say.

Which is why no one here actually takes you seriously, or really cares what you think. Like at all. You're like the special needs court jester of the WO.   Tolerated for the amusement factor but that's all.

[Meuh6879]

Is it possible to hijack a chain by lowering the difficulty?

I should hope not, or practically every altcoin is in danger of attack. Otherwise, I seriously doubt they will ever be able to get the 51% hash required to overtake the BTC chain.

The question is : can you dedicate a pourcentage of your mining BTC farm to win blocks on BCC ... during only 1h after the change of the difficulty in the BCC chain (represent, for example, 3% of the actual difficulty of the BTC chain) ?

Now, you see ... it's only a question of mining device after all (win blocks and sell quickly after at any price).

That's why Mining industries like FORK.



To PUMP & DUMP on exchanges ... like all altcoins.

[xyzzy099]

Yes. In my math, $403 is exactly between 1% and 2% of $2759.

BTCC crooks don't have that much money to support such a price. Unless, of course, they succeed in stealing bitcoins from noobs as already explained.

they can pump chinese fiat renminbi into that freak all day long

I'd really like to ignore this as a non-event. But I can't because it isn't because somebody will pump that freak all day long.

@becoin
Greed always finds a way

That's what I'm saying. Greed will force noobs to split their wallets and try to sell the fork. Instead they'll end up selling their bitcoins for peanuts. That's the game of the crooks.

That might be the game of some of the crooks, but most of the names on that list have conviction and big bags. I think you underestimate this.

Here's a conspiracy theory for you guys:

What if the Chinese miners wait until you all finish dumping all your BCC (which they will be buying), then turn ALL their hashpower onto the BCC chain?

Then they will control Bitcoin, AND they will have ALL the BTC you have been hoarding all these years...


Just a thought

[Last of the V8s]

Trezor is going to provide a coin splitter. If you have a Trezor (like I do) then that means you can send BCC to an exchange without risking or touching your BTC.

There are a number of exchanges listed in this thread. Also here's an emerging list:

https://www.bestbitcoinexchange.io/segwit-bitcoincash-hardfork/

[becoin]

Yes. In my math, $403 is exactly between 1% and 2% of $2759.

BTCC crooks don't have that much money to support such a price. Unless, of course, they succeed in stealing bitcoins from noobs as already explained.

they can pump chinese fiat renminbi into that freak all day long

I'd really like to ignore this as a non-event. But I can't because it isn't because somebody will pump that freak all day long.

@becoin
Greed always finds a way

That's what I'm saying. Greed will force noobs to split their wallets and try to sell the fork. Instead they'll end up selling their bitcoins for peanuts. That's the game of the crooks.

That might be the game of some of the crooks, but most of the names on that list have conviction and big bags. I think you underestimate this.

These are the same clowns that stood behind Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited, Bitcoin ABC and so on. How can I take them seriously?

[PoolMinor]

JJG, I like how you read into what people say and twist it to suit your bias/agenda, as opposed to what they actually say.

Which is why no one here actually takes you seriously, or really cares what you think. Like at all. You're like the special needs court jester of the WO.   Tolerated for the amusement factor but that's all.

Please, please, pleeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeez. stop quoting him.

[TeeBone]

Trezor is going to provide a coin splitter. If you have a Trezor (like I do) then that means you can send BCC to an exchange without risking or touching your BTC.

There are a number of exchanges listed in this thread. Also here's an emerging list:

https://www.bestbitcoinexchange.io/segwit-bitcoincash-hardfork/

Any on the list not require sending ID's/KYC etc ?

[notme]

Yes. In my math, $403 is exactly between 1% and 2% of $2759.

BTCC crooks don't have that much money to support such a price. Unless, of course, they succeed in stealing bitcoins from noobs as already explained.

they can pump chinese fiat renminbi into that freak all day long

I'd really like to ignore this as a non-event. But I can't because it isn't because somebody will pump that freak all day long.

@becoin
Greed always finds a way

That's what I'm saying. Greed will force noobs to split their wallets and try to sell the fork. Instead they'll end up selling their bitcoins for peanuts. That's the game of the crooks.

That might be the game of some of the crooks, but most of the names on that list have conviction and big bags. I think you underestimate this.

Here's a conspiracy theory for you guys:

What if the Chinese miners wait until you all finish dumping all your BCC (which they will be buying), then turn ALL their hashpower onto the BCC chain?

Then they will control Bitcoin, AND they will have ALL the BTC you have been hoarding all these years...


Just a thought

Shhh... I want cheap bch.

[JayJuanGee]

I remember in the past seeing various tools that margin traders use to measure the quantity of margin trades that might be outstanding in one direction or another.  Currently, I do not have access to bitfinex margin pages because I am a USA citizen.  Does anyone have links to websites that measure the extent to which margin trade positions might be outstanding in one direction or another?

https://www.bfxdata.com/positions/btcusd

Thanks Bones. 

Those were the charts that I remember seeing before, too....

[conspirosphere.tk]

www.goldmoney.com does it.

But of course there are fees involved, and you have to trust them holding your PM. Counter party risk. And possible re-hypothecation.

Not only that. Add taxes, total lack of privacy, that asset forfeiture thing that is going all the rage in the US,.... Nowadays one of the very few things that they can't rob from you so easily is crypto.

[jbreher]

some exchange will help you no doubt, maybe Kraken

Thanks. More exchanges by the day. And yes, Kraken currently looks like a front-runner. While my trading stash (i.e., the Bitcoin not locked up in cold storage) is but a small fraction of my Bitcoin holdings, it's still a sizable chunk-o-change. I'd hate to leave it on an exchange that doesn't honor the BC split.

That might be the game of some of the crooks, but most of the names on that list have conviction and big bags. I think you underestimate this.

Cheers! XD

These are the same clowns that stood behind Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited, Bitcoin ABC and so on. How can I take them seriously?

These 'clowns' have conviction and big bags. BlindMayorBitcorn said so themself. How can you not take them seriously?

[jojo69]

breaking from another thread, looks like the BTC-e domain has been seized

[BlindMayorBitcorn]

BlindMayorBitcorn said so themself. How can you not take them seriously?

O_o

Don't listen to me! For heaven's sake.

breaking from another thread, looks like the BTC-e domain has been seized

Boom.

[Last of the V8s]

some exchange will help you no doubt, maybe Kraken

Thanks. More exchanges by the day. And yes, Kraken currently looks like a front-runner. While my trading stash (i.e., the Bitcoin not locked up in cold storage) is but a small fraction of my Bitcoin holdings, it's still a sizable chunk-o-change. I'd hate to leave it on an exchange that doesn't honor the BC split.

That might be the game of some of the crooks, but most of the names on that list have conviction and big bags. I think you underestimate this.

Cheers! XD

These are the same clowns that stood behind Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited, Bitcoin ABC and so on. How can I take them seriously?

These 'clowns' have conviction and big bags. BlindMayorBitcorn said so themself. How can you not take them seriously?

Well that clears that up. You all obviously haven't got a pot to piss in. Such veiled threats.

No, the pump will be in renminbi.

[fabiorem]

I'm worried.

People selling the BCC are falling into a trap.

And it's a ingenious one. The replay protection is there, if you sell in one chain, you sell in the other.

If you dump BCC, you will be dumping BTC too.

[Torque]

I'm worried.

People selling the BCC are falling into a trap.

And it's a ingenious one. The replay protection is there, if you sell in one chain, you sell in the other.

If you dump BCC, you will be dumping BTC too.

https://bitcoin.stackexchange.com/questions/56867/bitcoin-cash-replay-protection

Quote:
"Update: They Bitcoin Cash specification now requires that all transaction use the redefined sighashing algorithm as explained for the first method. This means that there is now two way transaction replay protection; transactions made on the Bitcoin ABC chain will be invalid on the non-ABC chain and vice versa."

[gembitz]

Is it possible to hijack a chain by lowering the difficulty?

I should hope not, or practically every altcoin is in danger of attack. Otherwise, I seriously doubt they will ever be able to get the 51% hash required to overtake the BTC chain.

The question is : can you dedicate a pourcentage of your mining BTC farm to win blocks on BCC ... during only 1h after the change of the difficulty in the BCC chain (represent, for example, 3% of the actual difficulty of the BTC chain) ?

Now, you see ... it's only a question of mining device after all (win blocks and sell quickly after at any price).

That's why Mining industries like FORK.



To PUMP & DUMP on exchanges ... like all altcoins.

                 #greece

[fabiorem]

I'm worried.

People selling the BCC are falling into a trap.

And it's a ingenious one. The replay protection is there, if you sell in one chain, you sell in the other.

If you dump BCC, you will be dumping BTC too.

https://bitcoin.stackexchange.com/questions/56867/bitcoin-cash-replay-protection

Quote:
"Update: They Bitcoin Cash specification now requires that all transaction use the redefined sighashing algorithm as explained for the first method. This means that there is now two way transaction replay protection; transactions made on the Bitcoin ABC chain will be invalid on the non-ABC chain and vice versa."

Yes, they will be invalid. If 1 BTC is 5 BCC, and you spend 1 BCC, then you can't spend it again in the other chain. In other words, you will have 0.8 BTC.

But I hope I'm wrong and you can sell BCC for BTC and vice-versa, like any alt coin.

[williamuk]

Trezor is going to provide a coin splitter. If you have a Trezor (like I do) then that means you can send BCC to an exchange without risking or touching your BTC.

There are a number of exchanges listed in this thread. Also here's an emerging list:

https://www.bestbitcoinexchange.io/segwit-bitcoincash-hardfork/

Any on the list not require sending ID's/KYC etc ?

I just registered with HitBTC, just one email confirmation, very quick

[droizs]

The only ones that aim to sell BCC right after the fork are the ones that are buying BTC in the last days.

BTC holders will hold both coins because they know better than the greedy people trying to make a quick buck.