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

[spiderbrain]

https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

I don´t get the part of "stealing" segwit transactions. It sounds like bullshit, but Anonymint have a greater tech knowledge than me. Can some tech savvy user confirm it?

Yes. It is a well-known attribute of SegWit.

It is a well-known stupidity of people claiming this.

Well, you can pretend that an 'anyone can spend' transaction is something other than an 'anyone can spend' transaction. But of course that would be tautologically impossible.

Well if you knew ANYTHING you'd know that seqwit has protection against tautologies

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[savetherainforest]

Everywhere I read its recommended to withdraw coins from exchanges until the dust settles sometime after Aug.1st. That would create very thin pools everywhere without the option to transfer back and prices could move any direction much easier.  The skeptic in me wonders if it might be better to put my coins on an exchange and perhaps just ignore the fork drama.   BTC seems to have a tendency to go the opposite direction of the masses.  

There are 2 options.

1. The price goes down. This means that the percentage of bitcoin that you can acquire is greater!

2. The price goes up. In this scenario the percentage of bitcoin that you can acquire diminishes, but the amount of fiat you can trade it for is greater.


Assuming you care only for the coin and not fiat. The demand will still be there, and you will be out of its way with u'r dead weight corpse dragging 'fake' trade. And any of those 2 scenarios would help you profit. So??

Dead weight corpse dragging fake trade?  Haha, didn't intend to put your knickers in a twist. I don't claim to know what will happen but being one who's gone against the crowd most of my life has worked out well for me so far.  Best of luck to you sir.

Do as you wish! It's your money! .. But I am also against the tide most of the time, even if I have an autistic method of looking at charts and seeing weird patterns that most of the time are correct or at least with a 5-10% error deviation from the standard.

[JayJuanGee]

https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

I don´t get the part of "stealing" segwit transactions. It sounds like bullshit, but Anonymint have a greater tech knowledge than me. Can some tech savvy user confirm it?

Yes. It is a well-known attribute of SegWit.

It is a well-known stupidity of people claiming this.

Well, you can pretend that an 'anyone can spend' transaction is something other than an 'anyone can spend' transaction. But of course that would be tautologically impossible.

Jbreher:

You and some of the big blocker nutjobs seem to have tendencies to cry wolf so much that if there did happen to be a real issue or a real problem, then it is possible that people might not believe you because they have been exposed to too many exaggerations,  made up facts and made up conclusions, right?

[Biro Bob]

ATH is being broken this month... you heard it here first boys!!!

This month?

As in July?

oops.... I meant August!

I'd like to believe. But I'm not convinced 

[Last of the V8s]

ATH is being broken this month... you heard it here first boys!!!

This month?

As in July?

oops.... I meant August!

I'd like to believe. But I'm not convinced 

I am. 

Easily by this time tomorrow.

[starmman]

ATH is being broken this month... you heard it here first boys!!!

This month?

As in July?

oops.... I meant August!

I'd like to believe. But I'm not convinced 

I am. 

Easily by this time tomorrow.

Will be great to see some more bullish activity - I hope you all filled your boots during the drop we had recently =)

[rjclarke2000]

I know technically I am in cryostasis but I'll just say this....


I thought we are all expecting a huge drop tomorrow? Why talk of ATH?? What am I missing?

Off to freeze myself again until this blows over

[Mahanton]

Roger Ver must be rich as hell, I don't know why he even bothers any more. He should just cash the majority of his crypto holdings in & enjoy life.

Money is probably the hardest drug, once you are on it, it's super hard to stop 

Completely agree, and this kind of drug is really hard to resist because its always been part of ourself of being greedy when it comes to money. Ver would definitely jump in on opportunities that he would see that he can able to generate more money.If he would tend to sell some of his btc for bcc then its his own choice and it seems it nice to jump on on BCC hype and secure some profits.We wont know if the support would be strong or not, if you do like to gamble then jumping on BCC is a wise move.

[Last of the V8s]

I know technically I am in cryostasis but I'll just say this....


I thought we are all expecting a huge drop tomorrow? Why talk of ATH?? What am I missing?

Off to freeze myself again until this blows over

am bullish re ath because tomorrow's fork is just a fart in the wind. Markets will see nothing bad happened. Although it may linger on, this fork/fart longer than ideally.
also there will be a huge drop tomorrow - from 3600 to 3170...

[fluidjax]

So I see once we hard fork, from a purely BTC point of view, there are a number of counter acting pressures

2 main ones
1) Alt people, will sell BTC and go back to Alts (Alts will rise)
2) People who decided to stay out of crypto and sold everything, now will want to get back in and  Buy BTC

To a lesser extent.
3) Fanatical BCH (BCC) supporters will be selling BTC, I think the risk is low, but the effect could be huge.
4) People with conflicting objectives have split off from BTC, this is positive for BTC and will create confidence.

I think this is a real tug of war and when the very thin markets effectively re-open after the fork it could be pretty wild.

What did I miss?

[rjclarke2000]

The one thing I know is:-

No one has a clue.

[Torque]

So I see once we hard fork, from a purely BTC point of view, there are a number of counter acting pressures

2 main ones
1) Alt people, will sell BTC and go back to Alts (Alts will rise)
2) People who decided to stay out of crypto and sold everything, now will want to get back in and  Buy BTC

To a lesser extent.
3) Fanatical BCH (BCC) supporters will be selling BTC, I think the risk is low, but the effect could be huge.
4) People with conflicting objectives have split off from BTC, this is positive for BTC and will create confidence.

I think this is a real tug of war and when the very thin markets effectively re-open after the fork it could be pretty wild.

What did I miss?

[fluidjax]

[becoin]

I thought we are all expecting a huge drop tomorrow? Why talk of ATH?? What am I missing?

You're missing Bitcoin C(r)ash^tm

[leowonderful]

I know technically I am in cryostasis but I'll just say this....


I thought we are all expecting a huge drop tomorrow? Why talk of ATH?? What am I missing?

Off to freeze myself again until this blows over

https://coinmarketcap.com/currencies/bitcoin-cash/

If this continues, Bitcoin Cash will just be a drop in the bucket and it'll be dumped to oblivion. Less free money for us now, but it's still money. Maybe Jihan + Friends will pump the coin but I doubt they can hold back the force of the community dumping.

[williamuk]

Everywhere I read its recommended to withdraw coins from exchanges until the dust settles sometime after Aug.1st. That would create very thin pools everywhere without the option to transfer back and prices could move any direction much easier.  The skeptic in me wonders if it might be better to put my coins on an exchange and perhaps just ignore the fork drama.   BTC seems to have a tendency to go the opposite direction of the masses.  

My thought exactly. Thin pools, low liquidity, high volatility. Should be interesting

[lightfoot]

Question: If BCC forks tomorrow then it will have the same difficulty height as the rest of bitcon, correct?

If so then why would it not be a vapor lock? If it's only worth 200 a coin, few miners would mine it (doing so means losing out on the reward from bitcoin chain) thus if 1/16th of the miners mined BCC it would take um... 32 weeks for the difficulty to reset along with transaction confirm times of 8 hours per block found. At best.

This sounds like a complete fail out of the box. What am I missing?

[Last of the V8s]

Question: If BCC forks tomorrow then it will have the same difficulty height as the rest of bitcon, correct?

If so then why would it not be a vapor lock? If it's only worth 200 a coin, few miners would mine it (doing so means losing out on the reward from bitcoin chain) thus if 1/16th of the miners mined BCC it would take um... 32 weeks for the difficulty to reset along with transaction confirm times of 8 hours per block found. At best.

This sounds like a complete fail out of the box. What am I missing?

they fiddled with the difficulty adjust mechanism of btccash

[lightfoot]

Ah ok, so this is not a fork of Bitcoin with a single tweak, this is a completely new coin a-la catcoin.

*munches on popcorn* Thank you.

C

[Last of the V8s]

Ah ok, so this is not a fork of Bitcoin with a single tweak, this is a completely new coin a-la catcoin.

*munches on popcorn* Thank you.

C

yuh so many tweaks and deletions on their github. "de-core-ification" is all the rage ... again.