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

[marcus_of_augustus]

Great American Total Solar Eclipse time 21 Aug 2017 at 15:46 UTC

Estimated SegWit Activation time 21 Aug 2017 10:28:40 UTC

 Aliens!!

[r0ach]

Even if you were ultra evil and wanted bcc to usurp btc you still wouldn't trade your bitcoin for bcc.

Lol?  While it would be inconvenient for a few people, I fail to see how such an action would be "evil".  If anything, trying to force the entire planet onto a single blockchain with extremely limited scaling would be the evil choice since it's inherently PRO-USURY.  I'm not a religious person, but what's the only time in the bible Jesus got violent with people?  Flipping over the tables and kicking out the usury Yids from the temple.

If you weren't a lying scammer solely trying to pump your own investment, you would logically pick the "non-evil" solution to be everyone dumping the fuck out of any currency with limited scaling and built in rent seeking, usurious middlemen (meaning all cryptocurrency), and purchasing gold or silver instead.

[leowonderful]

Hmm, but what about BIP148? I thought that was at midnight.

It just recently activated, less than an hour ago if I am correct. Price is beginning to go downwards slightly now, it will probably accelerate once we hit 12:20PM UTC tomorrow. Will be interesting to see what the price will be once the fork happens- I expect BTC at ~2400-2500 or less.

[Gyrsur]

Hmm, but what about BIP148? I thought that was at midnight.

It just recently activated, less than an hour ago if I am correct. Price is beginning to go downwards slightly now, it will probably accelerate once we hit 12:20PM UTC tomorrow. Will be interesting to see what the price will be once the fork happens- I expect BTC at ~2400-2500 or less.

at the moment the active UASF nodes are accepting all blocks because 100% of the blocks signal BIP141 (bit1).

here ist the countdown to the split later today:

https://coin.dance/

[micky123]

This is so confusing, users on Yobit exchange are already selling BCC and it is tanking as expected. If the fork has not happened yet, where on earth are they getting the BCC from? Can some please explain? Thanks!

[bones261]

This is so confusing, users on Yobit exchange are already selling BCC and it is tanking as expected. If the fork has not happened yet, where on earth are they getting the BCC from? Can some please explain? Thanks!

They are virtual IOU tokens. Also, Yobit is not allowing BTC withdrawals or deposits. So you cannot claim anymore BCC going that route. You cannot withdraw BCC either, yet.

[yefi]

This is so confusing, users on Yobit exchange are already selling BCC and it is tanking as expected. If the fork has not happened yet, where on earth are they getting the BCC from? Can some please explain? Thanks!

Yobit pulls coins out of their ass, no joke.

[micky123]

This is so confusing, users on Yobit exchange are already selling BCC and it is tanking as expected. If the fork has not happened yet, where on earth are they getting the BCC from? Can some please explain? Thanks!

They are virtual IOU tokens. Also, Yobit is not allowing BTC withdrawals or deposits. So you cannot claim anymore BCC going that route.

Thank you for your reply, so essentially they are trading something that isn't even here yet! Maybe something like futures? Wow, what happens if the split does not really take place? or is the split imminent... sorry for the n00b questions, but this is all so confusing!

Yobit pulls coins out of their ass, no joke.

My question, is this a possible indicator to how people would react to BCC IF the split happens?

[matt4054]

Thank you for your reply, so essentially they are trading something that isn't even here yet! Maybe something like futures? Wow, what happens if the split does not really take place? or is the split imminent... sorry for the n00b questions, but this is all so confusing!

Hilarity ensues, I guess?

Seriously, the fork is likely to happen. The value of the forked coin (Cash) is mostly unknown. So is the behavior of the new untested chain, to a certain extent at least. Yes, things might go wrong.

[Torque]

WTF? So is Roger Ver full of shit? Is this BCC fork thing not happening now?

I swear to the gods, if that guy and the whole lot of them was bullshitting this whole time about a fork, then I think it's time to gather up the torches, pitchforks, and some rope, fellas. We need to end this FUD garbage once and for all.

[bones261]

Thank you for your reply, so essentially they are trading something that isn't even here yet! Maybe something like futures? Wow, what happens if the split does not really take place? or is the split imminent... sorry for the n00b questions, but this is all so confusing!

Hilarity ensues, I guess?

BCC virtual token buyers get screwed over. People getting screwed over by buying coins on Yobit that are now worthless is not new.  

[JayJuanGee]

Whats the scoop on trezor, can you move BCC directly to an exchange from there ? I wanna dump that garbage first thing tom morning

They are going to do a firmware update to the Trezor, and it will include some process to move the BCC to different addresses. No firm date when the firmware will be available. You may have to wait, and by that time, your BCC will probably be dust unless you have lots of BTC.

https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f

Does ledger's coin splitting process occur more quickly?

[leowonderful]

WTF? So is Roger Ver full of shit? Is this BCC fork thing not happening now?

I swear to the gods, if that guy and the whole lot of them was bullshitting this whole time about a fork, then I think it's time to gather up the torches, pitchforks, and some rope, fellas. We need to end this FUD garbage once and for all.

Maybe they just wanted us to send all our coins to exchange addresses so blockchain analysis companies have an easier time tracking addresses. Tinfoil hat off. You never know what's going on in the minds of people, who knows what might have been the real motive.

[BlindMayorBitcorn]

[infofront]

Whats the scoop on trezor, can you move BCC directly to an exchange from there ? I wanna dump that garbage first thing tom morning

They are going to do a firmware update to the Trezor, and it will include some process to move the BCC to different addresses. No firm date when the firmware will be available. You may have to wait, and by that time, your BCC will probably be dust unless you have lots of BTC.

https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f

Does ledger's coin splitting process occur more quickly?

If you want to be safe, it's kind of irrelevant. I wouldn't be moving any coins anywhere for at least 2 days or so anyway.

My plan is to HODL for a little while, and wait for a dead cat bounce. I may possibly wait for a Ver/Jihan/Big Blocker pump. I'd be surprised if they just let BCC get permanently ground into dust right from the start.

[infofront]

WTF? So is Roger Ver full of shit? Is this BCC fork thing not happening now?

I swear to the gods, if that guy and the whole lot of them was bullshitting this whole time about a fork, then I think it's time to gather up the torches, pitchforks, and some rope, fellas. We need to end this FUD garbage once and for all.

Maybe they just wanted us to send all our coins to exchange addresses so blockchain analysis companies have an easier time tracking addresses. Tinfoil hat off. You never know what's going on in the minds of people, who knows what might have been the real motive.

Haha, Jeff Garzik must be making a killing if that's the case. He was probably the evil mastermind who had this all planned out since 2010!

[empowering]

Hmm, but what about BIP148? I thought that was at midnight.

Correct, but seeing as of block 477120 miners have been rejecting blocks that are not signalling BIP 141 (bit 1) via the BIP 91 doesn't that make BIP 148 effectively obsolete ? I believe that majority of hash power would have had to be achieved by the deadline that the USAF guys set/wanted i.e Aug 1st otherwise they would have pushed to activate SegWit through USAF BIP 148 August 1 00:00 UTC but this is already being achieved via BIP 91 - so any users running Bip 148 nodes will be rejecting any non 1 bit blocks. Backward compatible anyways (and currently around 15% of nodes are running UASF/Bip 148 Nodes)  and looks like Segwit BIP 141 will lock in 8th Aug

[empowering]

... Impending BCC Dump and Pump and Dump and Dump?!

0_o

[JayJuanGee]

Confusing because I thought that BIP148 was a non-issue and that BIP91 pretty much nullified BIP148 because it accomplishes the same objectives that are outlined in BIP148 and even BIP148 has language to the effect that it is nullified if segwit BIP141 is in the process of locking in or maybe it has to be locked in for BIP148 to be nullified?

It is very confusing indeed. Here is my understanding, but I might be wrong, feel free to correct me.

UASF (BIP148) is logically redundant because of BIP91, which share the same SegWit (BIP141) implementation, but with a different activation time: as I'm writing this, there are still 1325 blocks remaining before BIP141 is expected to lock in, while BIP148 starts just about now. But using SegWit before BIP141 activates would be silly because SegWit requires "protection" from network consensus made for SegWit (sorry for the massive oversimplification), and there are not enough BIP148 nodes on the network to offer this.

I don't know if you are correct or not; however, my thoughts were that whether BIP148 would technically activate at midnight 8/1 and technically there are rules that might fall in place because of its existence - nonetheless, I thought that a large majority of nodes and/or miners are just ignoring the fuck out of BIP148 because it has ben surplanted by BIP91, et al.

Sure, BIP148 was very likely a motivator that got folks moving in terms of segwit2x and also BIP91 that attempts to reconcile segwit2x with BIP141 - and BIP 148 is no longer in the formula of motivators because it already did what it had to do - which is get some nodes and miners from sitting on their hands and to make some progress towards BIP141 - otherwise the threat of BIP148 was looming in the background.

Yeah, BIP148 may have also served as a model and motivator for the whole Bitcoincash hardfork to be propagandized and propagated by folks who did not like the way the whole BIP91 jumped into the space to cause a very decent likelihood of segwit without the 2x part.. and they wanted to link the 2x part, and it became more and more and more clear that the 2x part was likely not going to follow because there was not sufficient support for such.. so what the fuck.. hardfork anyhow, whether you have support or not... goofballs. 

[bitserve]

Whats the scoop on trezor, can you move BCC directly to an exchange from there ? I wanna dump that garbage first thing tom morning

They are going to do a firmware update to the Trezor, and it will include some process to move the BCC to different addresses. No firm date when the firmware will be available. You may have to wait, and by that time, your BCC will probably be dust unless you have lots of BTC.

https://blog.trezor.io/bitcoin-cash-hard-fork-chain-split-safe-guide-abbe3e9c553f

Does ledger's coin splitting process occur more quickly?

https://blog.ledger.co/securing-your-free-bitcoin-cash-stash-d50aff765688

Right after fork they will enable a BTC/BCC selector in the chrome app similar to the one already in place for ETH/ETC. So it will be pretty easy and straightforward.