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

[HanvanBitcoin]

BTC We'll be living like kings! BTC

Hope Ver and Wu have enough bitcoins to support BCH price for 1 or 2 weeks.

Hopefully they will dump some more BTC tonight  i have a banktransfer coming in tomorrow at Kraken to get myself a couple more BTC before segwit locks in.

Off to bed now. Already curious what the price will be when i wake up 

[jbreher]

We're learning ... the difference between price and value is.

Mid-lesson. The hard way.

Can you both elaborate please.

I Wanna learn too.

The value has to come from somewhere. Some of that value has been locked up in a stupid production quota:

https://bitcointalk.org/index.php?topic=2040221.msg20569072#msg20569072

But some of it is being 'paid forward' in a bout of irrational exuberance.

The proportions thereof are  matter of something still to be discovered.

[El duderino_]

Bet CLOSED! Let the game begins...
Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched.
Final list:
20/07 Siggy
21/07 Mr Frog
22/07 Protokol
23/07 Bitcoinaire
24/07 Lost_in_base
25/07 rjclarke2000
26/07 Globbo
27/07 Poolminor
28/07 TeeBone
29/07 Ted E. Bear
30/07 bahty
31/07 Infofront
01/08 Vin
02/08 Steelboy
03/08 D_eddie
04/08 Bitserve
05/08 Bikerleszno
06/08 Last of the v8s
07/08 Pajulapoiss
08/08 Imbatman
09/08 Mikenz
10/08 Machasm
11/08 Aesma
12/08 doc12
13/08 Fluidjax
14/08 ShroomsKit_Disgrace
15/08 Fragout ---- slow death
16/08 Orpington
17/08 sirazimuth
18/08 Ivomm
19/08 Elwar
20/08 Oblox
21/08 Haciendo
22/08 Boba
23/08 ErisDiscordia
24/08 Ludwig Von
25/08 Hazukison
26/08 SportbetMaster
27/08 Nanobtc
28/08 Vamos1
29/08 Paashaas
30/08 RayX12
31/08 BinaryReign
02/09 Patrisorvieto
05/09 Entons
06/09 Oinas
09/09 Edgar
11/09 Buwaytress
15/09 MinermanNC
17/09 Spaceman_spiff
21/09 undeadbitcoiner
01/10 K.Ehleyr
02/10 Petemoss2
04/10 Herman Hesse
13/10 Cryptoqueen
05/11 Chainsaw
21/11 Icygreen
12/12 Kurious
23/12 Fractaluniverse
14/01/2018 In the silence
05/02/2018 savetherainforest

Who's going to be lucky mooooooon!!!

[traincarswreck]

We're learning ... the difference between price and value is.

Mid-lesson. The hard way.

Can you both elaborate please.

I Wanna learn too.

Absolutely, follow me...

BCH All Time High on Bittrex: $1,311
BCH All Time High on Kraken: $811

Meanwhile bitcoin peaked at $2,900.

Could it be that everybody is holding because:
- we can never be sure how things are going to turn out.
- both blockchains could end-up being equally valuable in their own way.
- most bitcoin owners are not poor peasants looking forward make a few thousand dollars for free.
- nobody uses bitcoin in real life so pure speculation is what drives the price and not market economics.
- holding is life.

And of course, most people are retards and didn't move their coins to Kraken, Bittrex and ViaBTC even though they had weeks to prepare. So we might have yet to see real volume.

You are quoting exchanges that people are having a hard time getting any coins either on or off or confirmed.  Kraken said they would be days not sure the status yet.  Bittrex has an * beside the price on https://coinmarketcap.com/currencies/bitcoin-cash/#markets

So what will happen is everyone that doesn't believe in bcash will cash in and this will bring downward pressure onto the price as they sell.  If no one can access the trades/exchanges then the price won't move down. But you can't argue that the highers price is real and an indication of VALUE because of the *'s.

These exchanges (at various times because the *'s are being updated) prices are not necessarily including in the make up of the price which is why it is far lower than these fake exchange prices.

In order to survive bcash needs to first have a reasonable match of its price to its value.  And that means enough honest/competing exchanges must participate in the make-up of the price and coinmarketcap will be a good indicator.  The markets must have a sufficient depth.  

It means bcash must whether this storm and so someone is literally expected to prop up this coin until everyone is done getting the free money.

So the price might not move, it won't like stay higher than it is, as it will be difficult for it to gain legs as everyone dumps.  It depends how bad these people want this to work and what they are willing to expend.

What seems likely though is as the price goes down most people will panic sell together.  Even supporters of bcash because its rational to sell and wait and buy back in if you think that its an irrational crash.

Price and value are not the same thing.  And today we learn this empirically.

[xhomerx10]

BCH All Time High on Bittrex: $1,311
BCH All Time High on Kraken: $811

Meanwhile bitcoin peaked at $2,900.

Could it be that everybody is holding because:
- we can never be sure how things are going to turn out.
- both blockchains could end-up being equally valuable in their own way.
- most bitcoin owners are not poor peasants looking forward make a few thousand dollars for free.
- nobody uses bitcoin in real life so pure speculation is what drives the price and not market economics.
- holding is life.

And of course, most people are retards and didn't move their coins to Kraken, Bittrex and ViaBTC even though they had weeks to prepare. So we might have yet to see real volume.

 Here we go again, I'm gonna get called a freak and a liar and told I exhibit some weird memory deficit but I distinctly remember the ATH on Kraken being over 3000 BTC.
That means it's closer to $10 million.

[fluidjax]

And of course, most people are retards and didn't move their coins to Kraken, Bittrex and ViaBTC even though they had weeks to prepare. So we might have yet to see real volume.

I think you'll will find it's retards that left all their coins on an exchange during a hard fork.
 

[Dafar]

[traincarswreck]

And to be clear if bcash crashes, that's not the interesting part, the interesting part would be what the nefarious players are willing to do/bet and for how long to prop the price how high?  We have enough exchanges now that you cannot fake this long term. 

[BlindMayorBitcorn]

Core troll army just itching to turn this thing into a penny stock. But all the doors are closed. This is what our old friend Professor Stolfi would call the comedy gold.

[bitcoinvest]

well i got my fill of free money. how about you guys 

speaking for free money...
I have a newbie question regarding the claim of BCC.

I have a wallet that had BTC. After the fork i send the BTC to another wallet to be sure.

Now , i install new BCC wallet and put the wallet.dat of the empty now BTC.

I am ok or i need do something more?

[jojo69]

When are we @ the moon  and beyond .....??

dude, the moon was $32

first time we broke $100 was Mars landing

Nov 2013 we broke $1000 and explored the outer planets

2017 we have accelerated deep into uncharted interstellar space and may be approaching the event horizon of a supermassive black hole

what lies within no one knows

[bitcoinvest]

well i got my fill of free money. how about you guys  

speaking for free money...
I have a newbie question regarding the claim of BCC.

I have a wallet that had BTC. After the fork i send the BTC to another wallet to be sure.

Now , i install new BCC wallet and put the wallet.dat of the empty now BTC.

I am ok or i need do something more?

hmmm that SEEMS ok

here is another way https://www.youtube.com/watch?v=73xNBMy7V4M

edit: sending your BTC to another wallet before you do this might be more prudent

yes i did empty my BTC after the fork meaning before import to the BCC.

Thanks for the verification! still waiting for sync as i see nothing yet....99% soon i will know

[Ibian]

And of course, most people are retards and didn't move their coins to Kraken, Bittrex and ViaBTC even though they had weeks to prepare. So we might have yet to see real volume.

I think you'll will find it's retards that left all their coins on an exchange during a hard fork.
 

Yup. I use kraken, literally make my living on them. But I didn't park my entire damn fortune on it. Just a small amount, which still gave me enough free coins to buy a couple plane tickets. The rest is coming once they sort shit out, and very, very carefully so I don't lose anything along the way.

[600watt]

When are we @ the moon  and beyond .....??

dude, the moon was $32

first time we broke $100 was Mars landing

Nov 2013 we broke $1000 and explored the outer planets

2017 we have accelerated deep into uncharted interstellar space and may be approaching the event horizon of a supermassive black hole

what lies within no one knows

oort cloud is next.

[Mrpumperitis]

OMG POLO is back lol

[sinner]

OMG POLO is back lol

not exactly 

cant get past main page, and it looks like withdraws have been down for hours

[TeeBone]

Looks like BCH wants to rip upwards after that pullback lol

[deepcolderwallet]

https://www.reuters.com/article/us-eu-banks-deposits-idUSKBN1AD1RS

EU explores account freezes to prevent runs at failing banks

BRUSSELS (Reuters) - European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed.

The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble.

The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender.

Bullish?

[Ibian]

https://www.reuters.com/article/us-eu-banks-deposits-idUSKBN1AD1RS

BRUSSELS (Reuters) - European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed.

The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble.

The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender.

Bullish?

Depressingly predictable.

[Paashaas]

Bitcoin is becoming more immume against all these cheap hostile takeovers.

Jihan's HF in November is just another alt-coin, he will never make enough profits from it to fund his Bitmains expenses.