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

[rjclarke2000]

Good morning Bitcoinland.

The price keeps creeping upward... currently $2870USD (Bitcoinaverage). There's no sign of it losing any value from the hard fork.

Let's see what happens when segwit clears out the mempool. Moon launch?

Let's also see what happens when the AltCash difficulty drops enough for transactions to move at a practical pace. Dump to oblivion?
______

Speaking of AltCash, isn't it time to come to an agreement regarding its ticker designation?

BTC is already well established for Bitcoin. I always thought BCC referred to Bitcoin Core, as compared to BCU for Bitcoin Unlimited.

BCH seems the obvious choice for the altcoin "Bitcoin" Cash. Can't we all just go with that?

Coinmarketcap says BCH so to me it's BCH

[Torque]

Segwit clears out the mempool? Trust me, most people don't even know what mempool is. Anyway, we'll hit the new ATH soon, but then BTC will crash hard, because of Bitcoin Cash, you'll see, everything's getting ready for a takeover.

Says the newb troll shill account that's literally a day old.  

/ignore on

[cashodler]

Can someone explain me what segwit will do? In a language that I can understand

Faster transactions, but less secure network, the real developers would never agree with segwit implementation. Segwit will lead to the new ATH but Bitcoin might possibly crash hard, because people will understand that segwit isn't the future and we need larger blocks, but developers backed by AXA BANK (Bitcoin Core; yes it's really a private bank) will refuse to implement "2x" part of segwit2x and the chain might fork yet again and people will run to Bitcoin Cash, which si ready to get mass adopted and is the real bitcoin Satoshi described in his whitepaper. It will be really easy for those who adopted Bitcoin to convert to Bitcoin Cash, so that's something I wouldn't really worry, we can forget about Bitcoin in a while and use the real bitcoin. Therefore, from now I would call the current bitcoin Bitcoin Legacy and buy a lot of BCH when it hits the low to at least hedge your funds, because it's possible that Bitcoin Legacy will really crash and Chinese miners will dump BTC and buy cheap BCH from morons like most of the people on this forum.

Whenever you find yourself on the side of the majority, it is time to pause and reflect.

[savetherainforest]

Segwit clears out the mempool? Trust me, most people don't even know what mempool is. Anyway, we'll hit the new ATH soon, but then BTC will crash hard, because of Bitcoin Cash, you'll see, everything's getting ready for a takeover.

Says the newb troll shill account that's literally a day old.  

/ignore on

Good catch!... I think I have some kind of "ignore mode On", and I never see these messages. I probably see not even 50 points on their accounts and I skip. It might be a good or bad habit, depends how you see it. 

[cashodler]

Segwit clears out the mempool? Trust me, most people don't even know what mempool is. Anyway, we'll hit the new ATH soon, but then BTC will crash hard, because of Bitcoin Cash, you'll see, everything's getting ready for a takeover.

Says the newb troll shill account that's literally a day old.  

/ignore on

Good catch!... I think I have some kind of "ignore mode On", and I never see these messages. I probably see not even 50 points on their accounts and I skip. It might be a good or bad habit, depends how you see it.  

I've been reading bitcointalk for months, but registered now. You're more of a troll, because you don't even discuss what I said, you are afraid, fear is within you, that's why people act like you. I've presented many arguments why I think what will happen in recent threads and posts, but only minority was able to discuss. You are to blame, you are the one, who isn't open minded and sees segwit and thinks Moon, gonna be rich soon, no, you're not. Only not bitcoin tech-savvy people would praise segwit and the next bitcoin core scaling suggestions that are meant to destroy what we've built so far. Hopefully, we have bitcoin cash running and it will be quite easy to transit from bitcoin legacy to bitcoin cash.

[Torque]

Good catch!... I think I have some kind of "ignore mode On", and I never see these messages. I probably see not even 50 points on their accounts and I skip. It might be a good or bad habit, depends how you see it.  

I always give everyone that comes here the benefit of the doubt at first, even if they are brand new.

But if they begin to show their true colors to be a troll, a shill for alts, butt hurt for selling out, or just plain belligerent and argumentative for no reason other than to stroke their own ego, and I've had enough of their shit, then I hit ignore.

It amazes me how many trolls come to this forum specificially to bash on Bitcoin. What a waste of time for them. But eventually they run out of gas and leave, just like JStolfi and all the rest. I suspect that r0ach will eventually run out of gas too, or just everyone will put him on ignore so his silver/nazi crap just falls on deaf ears.

[jojo69]

What a waste of time for them. But eventually they run out of gas and leave, just like JStolfi and the rest.  

god, let's hope roach is getting low on fuel

[hv_]

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.

Yes, the existence BCC will destabilize BCT mining.  

So you have been a part of knowingly destabilising bitcoin mining? Neither chain will be stable, the 'hard-fork now!' camp have just stupidly devalued any investment they had in bitcoin (BTC or BCH) ... unless of course you actually work for govvy agents or other actors aiming to do exactly that which you admit to.

Merged-mining is one way BCH can gracefully admit their gargantuan fuck-up and save face (seems they spend a lot of time doing that). You weren't around when we already tried these 'experiments', it's not a pretty outcome. Bitcoin will survive but the credibility of the idiot  loud-mouth crowd doesn't stand much chance (not that they had a lot). Enjoy your forking euphoria, your ultimate downfall has now been sealed.

Big blockers blame small blockers for the fork; small blockers blame big blockers.  I think a split was inevitable given the two distinct visions for Bitcoin's future.

Regarding destabilizing mining, I think what this means is that in the medium term, only one chain will survive (at least with any real value).  The miners will eventually see their incentive to kill off one of the chains. 

The question is which one. 

I think the answer gets easier if the 2x does not come or even a PoW change.

[Meuh6879]

Can someone explain me what segwit will do?
In a language that I can understand

I prefer images, too ... https://bitcointalk.org/index.php?topic=1349965.msg13752212#msg13752212

[d_eddie]

Segwit clears out the mempool? Trust me, most people don't even know what mempool is. Anyway, we'll hit the new ATH soon, but then BTC will crash hard, because of Bitcoin Cash, you'll see, everything's getting ready for a takeover.

Bye bye.

[GHCoins45]

Can someone explain me what segwit will do? In a language that I can understand

Faster transactions, but less secure network, the real developers would never agree with segwit implementation. Segwit will lead to the new ATH but Bitcoin might possibly crash hard, because people will understand that segwit isn't the future and we need larger blocks, but developers backed by AXA BANK (Bitcoin Core; yes it's really a private bank) will refuse to implement "2x" part of segwit2x and the chain might fork yet again and people will run to Bitcoin Cash, which si ready to get mass adopted and is the real bitcoin Satoshi described in his whitepaper. It will be really easy for those who adopted Bitcoin to convert to Bitcoin Cash, so that's something I wouldn't really worry, we can forget about Bitcoin in a while and use the real bitcoin. Therefore, from now I would call the current bitcoin Bitcoin Legacy and buy a lot of BCH when it hits the low to at least hedge your funds, because it's possible that Bitcoin Legacy will really crash and Chinese miners will dump BTC and buy cheap BCH from morons like most of the people on this forum.

Whenever you find yourself on the side of the majority, it is time to pause and reflect.

Can someone explain me what segwit will do?
In a language that I can understand

I prefer images, too ... https://bitcointalk.org/index.php?topic=1349965.msg13752212#msg13752212

thank you!

[BitcoinNewsMagazine]

@cashodler brings up some valid points. Coinbase changing their stance on BCC was important. It is still early days. John Stuart Millibit wrote an article that laid out a scenario where BCC could take over from BTC in a matter of days, possibly in November if the 2 MB hard fork in SegWit2X is not honoured. Don't forget mining is still centralized in China which means to a large degree what Jihan Wu wants he gets. Smart investors do not bury their heads in the sand but gather information on both sides so they can make informed decisions. 

[gembitz]

coinbase supporting thing #2     per email blasts*

[savetherainforest]

Good catch!... I think I have some kind of "ignore mode On", and I never see these messages. I probably see not even 50 points on their accounts and I skip. It might be a good or bad habit, depends how you see it.  

I always give everyone that comes here the benefit of the doubt at first, even if they are brand new.

But if they begin to show their true colors to be a troll, a shill for alts, butt hurt for selling out, or just plain belligerent and argumentative for no reason other than to stroke their own ego, and I've had enough of their shit, then I hit ignore.

It amazes me how many trolls come to this forum specificially to bash on Bitcoin. What a waste of time for them. But eventually they run out of gas and leave, just like JStolfi and all the rest. I suspect that r0ach will eventually run out of gas too, or just everyone will put him on ignore so his silver/nazi crap just falls on deaf ears.

I've read his comment after you pointed it out, and the first impression about the guy was that he is batsh!t crazy!   .. and I even laughed a bit / amused myself of his stupidity.

coinbase supporting thing #2    per email blasts*

I might be bias, but I think "Thing 1" is more fluffy!

[Gatotare]

$3000 plz

[Syke]

There's a bit of a wall at 2909 on Bitstamp.

[lemmyK]

back to 300 and tomorow 3000,,,        damn.. no dip 

[Imbatman]

I currently have 15 Bitcoins.  They are held here:

5 on Coinbase
5 on Blockchain.info wallet
5 in Cold Storage

It seems I will get 5 BCH from Coinbase on 1/1/18 but will I be getting 10 more BCH from my other two methods of securing the other 10 BTC?

[Gatotare]

n ext move has to be up, im not even worried about it   

[AlexGR]

@cashodler brings up some valid points. Coinbase changing their stance on BCC was important. It is still early days. John Stuart Millibit wrote an article that laid out a scenario where BCC could take over from BTC in a matter of days, possibly in November if the 2 MB hard fork in SegWit2X is not honoured.

Segwit = ~3.5mb
Segwit 2X = 7mb+
BCC = 8mb

What will the BTC2X fork selling point be? "We have 7mb" vs BCC "we have 8 mb" ??  

Yeah right.