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

[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."

[lynxy]

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."

I just want to add that companies like Coinbase that officially not support BCC, but keep clients' private keys will also get BCCs "behind the curtains". If they keep most of bitcoins on cold wallets they get BCC even if they hate them so much.   They have obligations for their clients in BTC only. That's why they are going to sell BCC ASAP.
 I expect huge demand for BTC in term of BCC first days. Never sell when everyone sells :-)

[Last of the V8s]

meanwhile, in other cheery news https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

[European Central Bank]

meanwhile, in other cheery news https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

he also all guaranteed us that segwit would stay only on litecoin and bitcoin would never ever be permitted to scale in any way whatsoever. now it's doing it 'twice'.

[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.

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:)

I don't need to predict BTC and BCC price in 6 month. I know that in 6 months you'll need much more BCCs to buy 1 BTC than in 6 days. Thats only thing you need to know to make the right choice!

[rjclarke2000]

This is really not good in my opinion. All this arguing and shouting amongst us bitcoiners is basically horseshit.  

Uncertainty always drops the price. Are we looking at btc going to 1300 (half of what it is now?) due to 2 bitcoins???Will this set us back a year or more?

I'm still bullish for the long long term future but short/ medium term who knows. Everything I am reading is pissing me off. I will be honest and I still don't fully get the whole BCC BTC thing and what the hell I'll own next month.

My plan is to be cryogenically frozen on Monday evening. Can someone trustworthy like maybe Jimbo, JJG, LFC or Infofront defrost me once this shitstorm passes?
In fact just point the hairdryer at me for a couple of hours when we pass 10k. I may be chilly for some time I think.

Much appreciated.

[bitebits]

[...] just point the hairdryer at me for a couple of hours when we pass 10k.

Which coin?

[bones261]

[...] just point the hairdryer at me for a couple of hours when we pass 10k.

Which coin?

Why would it matter? If he frozen for all that time, he'll still have both coins.

[bitebits]

[...] just point the hairdryer at me for a couple of hours when we pass 10k.

Which coin?

Why would it matter? If he frozen for all that time, he'll still have both coins.

Well I keep on reading by some vocal posters that BCC is a shit coin. So I figured some might not care if actually BCC hit $10k first.

"Nobody is imposing Bitcoin Cash on you. To avoid it, you need do nothing."
/Roger Ver