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

[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.

[Elwar]

HitBTC allows BCC deposits.

Price of BCC on HitBTC is $239.

[deepcolderwallet]

HitBTC allows BCC deposits.

Price of BCC on HitBTC is $239.

LOL it's been allowing deposits since yesterday night. I was here yesterday complaining the second confirmation was never coming... I just left a limit order there at 0.25 and it was fulfilled this morning. Sold half my bcc. Other half is already under 0.48 limit order, let's see whenever it fulfills...

Where can I dump? Most exchanges that I checked are not accepting BCC deposits. I tried to sign up for VIABTC and I keep getting an error "Don't try too frequently." WTF, I got this error on the first try. How is that too frequent?

hitbtc is accepting deposits, but I transferred my free bcc 2 hours ago and only got 2 confirmations.
Such a fiasco!

[JayJuanGee]

I'm waiting for this thread to return to some real discussion about Bitcoin^TM, not some shitcoin clone wannabe that no one here cares about.

I'm also waiting for all the troll day traders with like a few hundred dollars in bitcoin max, running around like chickens trying to figure out how to make an extra 25% by trading their free shitcoin on some shady exchange, to leave this thread for good.

I've got enough BCH that I could single-handedly dump that shitty market all the way down to $1. Don't tempt me.

^{(and I'm sure that I'm not alone)}

BillieJoeAllen, is that you?

Hahahahahaha Torque.

Your two bitcoin is only worth 2BCH, so it is not going to cause as BIG of a splash as you are making it out to be.

[marcus_of_augustus]

Bcash cost of production (difficulty) is now being slashed by 20% per block for the next 6 blocks. Expect miners to follow cost of production slavishly. Forking guys have no idea what they have unleashed ... it will become apparent soon now.

[JayJuanGee]

Pfrtlpfmpf does not have anywhere near 80BTC on Poloniex that he was lending at 5%, because it is very likely that he was lending more than 1 day to earn 4BTC.

Possibility acknowledged. I may have misunderstood pfrtlpfmpf's statement.

YEP!!!!!

Exactamente!!!!

By the way the interest rates have dropped like a stone, and no one seems to want to borrow BTC anymore.   

[bitserve]

Pfrtlpfmpf does not have anywhere near 80BTC on Poloniex that he was lending at 5%, because it is very likely that he was lending more than 1 day to earn 4BTC.

Possibility acknowledged. I may have misunderstood pfrtlpfmpf's statement.

YEP!!!!!

Exactamente!!!!

By the way the interest rates have dropped like a stone, and no one seems to want to borrow BTC anymore.   

The small amount of BTC I have on Poloniex is still being lended at 2%, five days now and counting. The lend is for 60 days.

[traincarswreck]

Half the inflation rate would be viewed as better:



Picture is from around the time when he came up with the concept he called "ideal money"

[JayJuanGee]

Good morning after, Bitcoinland.

I see we're still going sideways... currently $2725USD (Bitcoinaverage). Not bad, considering the fact that we all just got gifted an equal number of altcoin (BCH) tokens.

While some people may have felt secure in exposing their private keys/seeds to the internet to sell their BCash in the original rush, I'm happy to keep both my bitcoins and BCH tokens safe in my cold wallets, for now.

I don't think the drama is done quite yet. Let's at least wait until segwit is fully activated.

I have bitcoin in paper wallets, if I want to set up new paper wallets is there a better way to move them than...

Paper wallet-----blockchain.info----paper wallet

Trezor or other hardware wallet?
_______

I also agree we need a new poll.

Exactly what I'm doing.

It looks like I'm not going to win the ATH priza today annoyingly, on the plus side though, BCH has made me a hell of a lot better off. 

Waiting too long can cause a considerable lessening of the BCH value, no? 

Currently we are able to get between .12 and .25 BTC for these, but I think that their longer term value is likely to float below .05BTC? 

But, maybe we will have some surprises and pumps that last a few months, rather than BCH dying on the branch?

[traincarswreck]

Bcash cost of production (difficulty) is now being slashed by 20% per block for the next 6 blocks. Expect miners to follow cost of production slavishly. Forking guys have no idea what they have unleashed ... it will become apparent soon now.

I understand now.  We can view the game as one player has ~51% need to attack.  They are being economically rational.  How does the game work when one player has ~51%(some uncertainty)?

[traincarswreck]

I need someone to find my a big blocker that understands economics to any significant degree?!

[Elwar]

Waiting too long can cause a considerable lessening of the BCH value, no? 

Currently we are able to get between .12 and .25 BTC for these, but I think that their longer term value is likely to float below .05BTC? 

But, maybe we will have some surprises and pumps that last a few months, rather than BCH dying on the branch?

The only place you can actually deposit your BCH the rate is .07 and falling.

[r0ach]

Forking guys have no idea what they have unleashed ... it will become apparent soon now.

[JayJuanGee]

Large blocks = Gold
Segregated Witness = Fiat

Asia wants gold.
USA wants to print money.

changing bitcoins block size via politicalbattle destroys its gold like property.

So you're admitting segwit destroys bitcoins gold-like properties.

When 100% of hashpower and most actors and participants have agreed that Bitcoin have to have Segwit, then that's Bitcoin and if it doesn't have Segwit, it isn't Bitcoin. If, tomorrow, almost everybody agrees to have bigger blocks, then that will be Bitcoin and smaller blocks won't.

How is that so hard to understand?

That's a good explanation. But what happens if 51% of hashpower want bigger blocks but Core Developers refuse?

Then they are obviously not very core to the whole bitcoin ecosystem.

Are you retarded Ibian?  You think that merely because 51% of mining power supports something then bitcoin should just change because of that?  Maybe you should think about how unstable such a rule would cause bitcoin to become?

[traincarswreck]

Are you retarded Ibian?  You think that merely because 51% of mining power supports something then bitcoin should just change because of that?  Maybe you should think about how unstable such a rule would cause bitcoin to become?

I'm pretty sure thats the deal bro. We all signed up to it.

[r0ach]

Are you retarded Ibian?  You think that merely because 51% of mining power supports something then bitcoin should just change because of that?  Maybe you should think about how unstable such a rule would cause bitcoin to become?

I'm pretty sure thats the deal bro. We all signed up to it.

I like how people claim bitcoin isn't a failed experiment then claim if miners use their hash power to cause some type of change that it's invalid even though that's the way bitcoin is designed LOL.

[traincarswreck]

You could have like 45% of the hashing power but own 50% of the exchange narrative and so you might think thats enough...