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

[Punisher1314]

Well, I have a dilemma about what to do with the BCC that we will receive after the HF, and those are the options i can see:


a) Dump the shit for real BTC, ASAP!

b) Wait a little, until (...) happens, or markets stabilizes, and then dump the shit.

c) Hodl. Elites want BCC to be the new Bitcoin, and it will absorb almost all the market cap of the real Bitcoin (ok, yeah, sometimes i have conspiranoic nightmares with all this kind of stuff). Or simply hold because it is free.


What would you guys choose?

[Torque]

Well, I have a dilemma about what to do with the BCC that we will receive after the HF, and those are the options i can see:

a) Dump the shit for real BTC, ASAP!

b) Wait a little, until (...) happens, or markets stabilizes, and then dump the shit.

c) Hodl. Elites want BCC to be the new Bitcoin, and it will absorb almost all the market cap of the real Bitcoin (ok, yeah, sometimes i have conspiranoic nightmares with all this kind of stuff). Or simply hold because it is free.

What would you guys choose?

c

[Punisher1314]

Well, I have a dilemma about what to do with the BCC that we will receive after the HF, and those are the options i can see:

a) Dump the shit for real BTC, ASAP!

b) Wait a little, until (...) happens, or markets stabilizes, and then dump the shit.

c) Hodl. Elites want BCC to be the new Bitcoin, and it will absorb almost all the market cap of the real Bitcoin (ok, yeah, sometimes i have conspiranoic nightmares with all this kind of stuff). Or simply hold because it is free.

What would you guys choose?

c

Thanks Torque, because you think BCC will be the new BTC, or just because it is free and you want to hold and see what happens? Damn, i hate option C because i want more BTC lol

[becoin]

The risk in this strategy is that BCC crashes right away and never recovers and you lose that free money, but if that happens you’ll still probably benefit from a rising BTC price.

Why should I miss that free money? BTC price will rise either way!

I'm not in favor of crashing the fork right away. I'd like to see bigblockers protractedly defend that price and burn more of their bitcoins.

[jbreher]

Posted March 13th

Scariest shit I read all day.... to think we just ended up here is naive.

https://twitter.com/bergealex4/status/841240903503114241

Yeah, right. Further down in the tweetthread, he admits he just pulled it outta his ass.

Think, people - like the vampire squid would really lay out their plan ending with the meme "9. profit". Jeebus, y'all be gullible.

[williamuk]

Interesting position statement on BCC from Paymium. I read it as "if BCCs are worth anything after a few weeks we'll put some work into enabling you to send them to a private wallet"

A Bitcoin fork, BCC (or Bitcoin Cash), is likely to launch on August 1st 2017.

If you do not intend to trade with this new BCC altcoin immediately after the launch, you have nothing to do: we have taken and will take all necessary measures to ensure the security of your funds in Bitcoins.

For this reason, we will pause the processing of Bitcoin deposits and withdrawals from July 31st at 23:00 (GMT +1).

Your funds in BTC will be safe but locked on our platform while we monitor the fork process: we will reactivate deposits and withdrawals as soon as we are certain that these transactions will not be disrupted by the fork.

If you intend to trade with Bitcoin Cash immediately after the August 1st launch, you should withdraw your bitcoins before July 31st, 2017 at 23:00 GMT +1.

We do not intend to list this new BCC altcoin on our platform neither in our wallet nor in our marketplace.

However, should the BCC coins gain value in the weeks following the fork, we would arrange for you to withdraw your BCC coins to a BCC wallet.

[Lincoln6Echo]

Well, I have a dilemma about what to do with the BCC that we will receive after the HF, and those are the options i can see:


a) Dump the shit for real BTC, ASAP!

b) Wait a little, until (...) happens, or markets stabilizes, and then dump the shit.

c) Hodl. Elites want BCC to be the new Bitcoin, and it will absorb almost all the market cap of the real Bitcoin (ok, yeah, sometimes i have conspiranoic nightmares with all this kind of stuff). Or simply hold because it is free.


What would you guys choose?

a) or b)

Well it depends how hard bitmaincoin will be dumped. If it gets dumped hard it maybe makes sense to wait for a little recovery and then dump it.

Makes no sense to hold a centralized shitcoin. It is not even a fork it is an altcoin because of difficulty adjustment.

[Torque]

c) Hodl. Elites want BCC to be the new Bitcoin, and it will absorb almost all the market cap of the real Bitcoin (ok, yeah, sometimes i have conspiranoic nightmares with all this kind of stuff). Or simply hold because it is free.

What would you guys choose?

c

Thanks Torque, because you think BCC will be the new BTC, or just because it is free and you want to hold and see what happens? Damn, i hate option C because i want more BTC lol

I think BTC will remain dominant in the long term. But I recommend holding and being patient because I've learned in life that, when in doubt about the outcome of a situation, the best thing to do is to wait for the smoke to clear and see what's what.

My opinion is that over time BCC will be the poster boy altcoin to BTC that will on occasion get pumped to the moon by the Roger/Jihan/CraigWright camp over and over again in order to attempt to divide the Bitcoin community. They will become like financial terrorists, but they will be doing it really to bleed more money from their hapless followers. Hopefully it won't work as smart people can see through the con.

In the end it's not about what something costs on the market that give it value. It's about is fundamental attributes and core principles.

For example, do you think that SNAP is worth what it reportedly is on the U.S. stock market? Supposedly worth Billions$? A silly phone chat/photo app that makes no money and will never be monetized, like ever?

SNAP is worth absolutely nothing. It's the digital equivalent of Dutch Tulips or Beanie babies. Perceived worth is not real worth.

[Punisher1314]

Well it depends how hard bitmaincoin will be dumped. If it gets dumped hard it maybe makes sense to wait for a little recovery and then dump it.

+1. I was thinking about the same, but some speculation work will be needed. Maybe "bitmaincoin" will never stand up from the floor after that, lol.

[European Central Bank]

Before bitcoin cash the centralisers had signaling and noise to scare us.

Now they'll have an actual chain and one that all existing bitcoiners have a stake in.

You think they're gonna let it die? There'll be years of games where they attempt to take market share and crow about usurping btc. You can also bet they're gonna spam the segwt chain to drive fees up again while their wonder chain is cheap.

[Punisher1314]

I think BTC will remain dominant in the long term. But I recommend holding and being patient because I've learned in life that, when in doubt about the outcome of a situation, the best thing to do is to wait for the smoke to clear and see what's what.

Nice, really nice. Pretty convincing to me, that is why i fear to dump it. Maybe not worth to win a small portion of BTC when things could change in a future. Thanks Torque, appreciated.

[BlindMayorBitcorn]

Before bitcoin cash the centralisers had signaling and noise to scare us.

Now they'll have an actual chain and one that all existing bitcoiners have a stake in.

You think they're gonna let it die? There'll be years of games where they attempt to take market share and crow about usurping btc. You can also bet they're gonna spam the segwt chain to drive fees up again while their wonder chain is cheap.

Agreed. It'll be turtle warfare all the way down.

[becoin]

Free bitcoins is always good.
If I sell the shitcoin right away the chance to buy cheap bitcoins is greater.

[jojo69]

test movement in BTC-e ether wallet

https://etherscan.io/address/0x91337a300e0361bddb2e377dd4e88ccb7796663d

[Meuh6879]

[BitcoinNewsMagazine]

Well, I have a dilemma about what to do with the BCC that we will receive after the HF, and those are the options i can see:


a) Dump the shit for real BTC, ASAP!

b) Wait a little, until (...) happens, or markets stabilizes, and then dump the shit.

c) Hodl. Elites want BCC to be the new Bitcoin, and it will absorb almost all the market cap of the real Bitcoin (ok, yeah, sometimes i have conspiranoic nightmares with all this kind of stuff). Or simply hold because it is free.


What would you guys choose?

This is a no brainer. Hold both your BTC and BCC. Remember ETH/ETC fork. Holding both gives you the perfect hedge. If BCC crashes and you want to pick some extra up cheap your call but I would pay with fiat, not with your BTC. You should be able to buy BCC with cash on Kraken.

[jojo69]

aaaaaaaaaand, its gone

https://etherscan.io/address/0x91337a300e0361bddb2e377dd4e88ccb7796663d

[becoin]

This is a no brainer. Hold both your BTC and BCC.  

This is true only if you value fiat more than bitcoin. If not, only important consideration is how many BTC you'll buy by selling your BCC. If BTC appreciates faster than BCC then your "hold both" strategy is losers choice.

[BitcoinNewsMagazine]

This is a no brainer. Hold both your BTC and BCC.  

This is true only if you value fiat more than bitcoin. If not, only important consideration is how many BTC you'll buy by selling your BCC. If BTC appreciates faster than BCC then your "hold both" strategy is losers choice.

If you can predict BCC and BTC price 6 months out you should already be a rich retired trader who does not need to hang out on crypto forums:)

[infofront]

c) Hodl. Elites want BCC to be the new Bitcoin, and it will absorb almost all the market cap of the real Bitcoin (ok, yeah, sometimes i have conspiranoic nightmares with all this kind of stuff). Or simply hold because it is free.

What would you guys choose?

c

Thanks Torque, because you think BCC will be the new BTC, or just because it is free and you want to hold and see what happens? Damn, i hate option C because i want more BTC lol

I think BTC will remain dominant in the long term. But I recommend holding and being patient because I've learned in life that, when in doubt about the outcome of a situation, the best thing to do is to wait for the smoke to clear and see what's what.

My opinion is that over time BCC will be the poster boy altcoin to BTC that will on occasion get pumped to the moon by the Roger/Jihan/CraigWright camp over and over again in order to attempt to divide the Bitcoin community. They will become like financial terrorists, but they will be doing it really to bleed more money from their hapless followers. Hopefully it won't work as smart people can see through the con.

In the end it's not about what something costs on the market that give it value. It's about is fundamental attributes and core principles.

For example, do you think that SNAP is worth what it reportedly is on the U.S. stock market? Supposedly worth Billions$? A silly phone chat/photo app that makes no money and will never be monetized, like ever?

SNAP is worth absolutely nothing. It's the digital equivalent of Dutch Tulips or Beanie babies. Perceived worth is not real worth.

I basically agree.
I'd rather miss out on, potentially, a few hundred $ in "free" money per BTC in order to hedge against the potential upward price manipulation of BCC.

Most BCC holders will dump the coin to oblivion over the first few days of Aug., easily giving Ver and others a very cheap buying opportunity. When you're wealthy as hell, control all the coins, and control viabtc (one of the primary BCC exchanges, it seems), it seems rather trivial to pump the price up so that BCC > BTC. Then they can claim that, "The market has chosen."