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

[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 :-)

[1714783594]

1714783594

[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

[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.

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.

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

BCC probably is a shit coin, IMHO. However, if they can make their coup succeed, my hat is off to them.

[rjclarke2000]

[...] 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.

Exactly Mr Bones.

[becoin]

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

"If you use "Bitcoin" as part of the name of this altcoin, you're imposing it on me. That is why I'll make some bitcoins out of your altcoin."
/becoin

[BayAreaCoins]

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

Thinking about making an option on FreeBitcoins.com so that people can claim and dump their BCC easily.

We already do that for other altcoins.

[lemmyK]

 Slush Pool has no plans to support Bitcoin Cash
Publikováno: 2017-07-28 07:07:27
Dear Miners,

we want to let you know, that we currently have no plans to support the emerging Bitcoin hard fork called Bitcoin Cash (BCC) scheduled for the August 1st, 12:20 UTC. As for now, we do not see a real demand from miners and the costs of creating and maintaining separate Bitcoin Cash infrastructure would be too high.


 

[JayJuanGee]

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.

I wished that I were able to just take my eyes off of this too, and I am partly unsettled about this whole thing because I am not really happy with where my coins are stored, currently (not counting the ones that I recently lost on BTC-e), but I think that I am going to just live with each of the locations of where I put them, and not make any additional coin moves until after the coast is clear - perhaps Wednesday or a week after Wednesday? 

The truth of the matter, rjclarke, it is not likely that I am going to feel comfortable unfreezing you with a blowdryer or throwing hot water at you - until December or so, so you need to find someone who can follow your directive and not interpret any discretion into thawing out matter. 

The fact is once you are frozen, I might become paralyzed about when to execute thawout code. I am getting a sense that this drama is not really going away any time soon.  We got into bitcoin, and there continues to be drama and increasing levels of drama in this space. 

The drama comes from the disruptive nature of bitcoin itself, it's decentralized and opens source nature and becomes more complicated with those latching onto bitcoin's success, including alt coins such as ethereum and forkers and the extent to which status quo governments and financial institutions are contributing to such drama and instability.  oh my! oh my! 

better case scenario would be if the bigblocker goofballs decided not to implement their intended hardfork, and then I could just execute thaw out order.....  but it is seeming more and more likely that the nutjobs are intending to execute such hardfork, with little regard to whether it is good for bitcoin or not... which is not so likely to result in them to going away with their drama anytime soon, even though many of us would prefer to see them go away and play on their own fork.. which is not gonna happen.

We get rid of them, but we still do not get rid of them because they are not gong to let things go.   

[fluidjax]

This should cheer you all up, some quality Game Theory Analysis of Bitcoin Cash.

https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-understanding-game-theory-f87858bf8791


TLDR: There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

[Meuh6879]

[JayJuanGee]

This should cheer you all up, some quality Game Theory Analysis of Bitcoin Cash.

https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-understanding-game-theory-f87858bf8791


TLDR: There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

That article does make me feel better, and makes it seem more likely that we are going to be able to thaw out rjclarke more quickly... in a matter of days, rather than months.   

[PoolMinor]

I will try to keep my negativism to myself.  I wish that things turn out as well as possible for everybody...

Oh the good old days........

[spiderbrain]

This should cheer you all up, some quality Game Theory Analysis of Bitcoin Cash.

https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-understanding-game-theory-f87858bf8791


TLDR: There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

and a coin with 1mb blocks forever has economic viability?

Great economic viability for the companies that force you to use their second layer technology instead.

[traincarswreck]

This should cheer you all up, some quality Game Theory Analysis of Bitcoin Cash.

https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-understanding-game-theory-f87858bf8791


TLDR: There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

and a coin with 1mb blocks forever has economic viability?

Yes it does.  It would help us secure bitcoin's greatest use case: https://medium.com/@rextar4444/bitcoins-most-valuable-usecase-7f5c6e95be22

Whereas targeting the block size for some arbitrary optimal or maximum transaction capacity serves no founded argument.