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

[K~Ehleyr]

http://www.telegraph.co.uk/culture/tvandradio/8202182/Countdown-viewers-treated-to-largebaps-conundrum.html

LOL I must have missed that!    They have had some funny one come up over the years!

[JayJuanGee]

I didn't think too much about it. I just always assume the worst. Could be a long con, first one or two are legit. Maybe. IDK. I don't like to get involved, really.

Well if you want to make a few extra bitcoin, you better start kissing a bit of butt, and stop being such a naysayer about the free money thingie-ma-jiggie... You know that one of the rules to be able to win, you gotta be a butt kisser.. so get with the program BMB.. and pucker up...,,      

[empowering]

BCH Update

There have been 100 blocks mined since the hard fork.

(679 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty.


The original chain has grown 599.51MB more than the Bitcoin Cash blockchain.


It is currently 154% more profitable to mine on the original chain.

Source:https://cash.coin.dance/blocks



Current Finex Price = $194 ish

...meanwhile


BCH Update

There have been 84 blocks mined since the hard fork.
(641 blocks behind the original chain)

The Bitcoin Cash blockchain is currently operating at 26% of the original chain's difficulty.

The original chain has grown 562.20MB more than the Bitcoin Cash blockchain.

It is currently 311% more profitable to mine on the original chain.

Source:https://cash.coin.dance/blocks

Current price = $205

[soullyG]

BCH Update

There have been 100 blocks mined since the hard fork.

(679 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty.


The original chain has grown 599.51MB more than the Bitcoin Cash blockchain.


It is currently 154% more profitable to mine on the original chain.

Source:https://cash.coin.dance/blocks



Current Finex Price = $194 ish

Thanks, interesting stats

[bikerleszno]

BCH Update

There have been 100 blocks mined since the hard fork.

(679 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty.


The original chain has grown 599.51MB more than the Bitcoin Cash blockchain.


It is currently 154% more profitable to mine on the original chain.

Source:https://cash.coin.dance/blocks



Current Finex Price = $194 ish

Thanks, interesting stats

It was already almost 300% more profitable so soon it can be more profitable to mine BCC ? If it will happen then BCC value will jump higher...

[ohrenbaer]

It was already almost 300% more profitable so soon it can be more profitable to mine BCC ? If it will happen then BCC value will jump higher...

Lots of exchanges still don't accept BCH deposits. Lots of people withdrew their bitcoins from the exchanges before the fork in fear of the exchanges messing up. I expect another big dump of BCH once the exchanges allow BCH deposits.

[bikerleszno]

BCH transaction are getting much faster today

Look at here : https://blockchair.com/bitcoin-cash/blocks

Few transactions every 1 hour. It is getting better and better, faster and faster.

[cashodler]

BCH transaction are getting much faster today

Look at here : https://blockchair.com/bitcoin-cash/blocks

Few transactions every 1 hour. It is getting better and better, faster and faster.

Good to hear, no matter what really happens and which coin (segcoin or bitcoin cash) wins, it's good for the future of bitcoin.

[shaggy404]

[bones261]

Finex being suspiciously slow in crediting BCH balances:

https://www.reddit.com/r/bitfinex/comments/6rq8ua/20_confirmations_for_bch_deposits_really_bitfinex/

They aren't acknowledging network confirmations at anything like the network is showing - as well as apparently moving BCH from addresses credited to.  Playing with client money?

Very odd. I've been hearing complaints about this all day now. Could they have some interest in temporarily holding up the price? Seems unlikely. Could they have screwed up in splitting the coins, or in setting up their wallet infrastructure, and are scrambling to assess the damage?

I speculate it is the latter. Ever since the "hack" last year, I have seriously questioned their competence. That is why I only have some dust left on Finex and am loath to use them ever again.

[empowering]

BCH Price under $200 at the moment.... and most BCH coins have not seen an exchange yet

 I am wondering if we will see another downward difficulty adjustment on BCH -be interesting to see if some miners will opt to fire up old mining equipment to mine the chain or if miners switch,or if there is a hidden pool ready to come  online... or if some/many miners will value supporting the BTC chain over any potential  short term profits of  switching to mine BCH.

I also wonder if we will see an accelerated BCH sell off when SegWit locks in for Bitcoin

If the price keeps dropping fast, and the BTC chain remains more profitable to mine, and the difficulty does not get pushed down on the BCH chain...

At what point does the death spiral become impossible to pull out of? will it be a financial death or a death of shame

Could it go to $1 and survive?  

Is it already dead at sub $200?

Is it $100 ? $50?

Does it all depend on how deep the BitCashCartel backers wallets are? pardon the pun.

How far are they willing to go? or are they really  letting the market decide?...  will the market  support this coin for more than a few weeks? and if so  is its  survival inevitable? even if it is niche?  could the coin even thrive in a certain scenarios? guess so, or it could  become/stay an obscure and little used Alt coin.

Would it would make more  sense to let the market crash- don't try and prop it up - because = expensive, but let it crash and then corner the market?

Is there a market worth cornering at that point?

Are they banking on mining wars to decide this?

How much thought have they actually put into this ?

Is there room for a BitcoinCash - will it gain any traction ?

The logo... the name.... Wait.... What the fuck guys? We  are under ATTQUACK!!

lol!

Fun to watch.

[bones261]

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Responding to above post. snipping for brevity.

My guess is that BCH will reach an equilibrium after the "normal" difficulty adjustment and a market value on parity with LTC. Only a speculation, though. All the deep wallets have to do is bolster the market price to a little under .17BTC to make the mining profitability on par with BTC. So far, the BCH bulls have retreated, with the onslaught of "free coin" dumpers. So, I am inclined to think that the BCH bulls are all blow and no go.  

[cashodler]

BCH Price under $200 at the moment.... and most BCH coins have not seen an exchange yet

 I am wondering if we will see another downward difficulty adjustment on BCH -be interesting to see if some miners will opt to fire up old mining equipment to mine the chain or if miners switch,or if there is a hidden pool ready to come  online... or if some/many miners will value supporting the BTC chain over any potential  short term profits of  switching to mine BCH.

I also wonder if we will see an accelerated BCH sell off when SegWit locks in for Bitcoin

If the price keeps dropping fast, and the BTC chain remains more profitable to mine, and the difficulty does not get pushed down on the BCH chain...

At what point does the death spiral become impossible to pull out of? will it be a financial death or a death of shame

Could it go to $1 and survive?  

Is it already dead at sub $200?

Is it $100 ? $50?

Does it all depend on how deep the BitCashCartel backers wallets are? pardon the pun.

How far are they willing to go? or are they really  letting the market decide?...  will the market  support this coin for more than a few weeks? and if so  is its  survival inevitable? even if it is niche?  could the coin even thrive in a certain scenarios? guess so, or it could  become/stay an obscure and little used Alt coin.

Would it would make more  sense to let the market crash- don't try and prop it up - because = expensive, but let it crash and then corner the market?

Is there a market worth cornering at that point?

Are they banking on mining wars to decide this?

How much thought have they actually put into this ?

Is there room for a BitcoinCash - will it gain any traction ?

The logo... the name.... Wait.... What the fuck guys? We  are under ATTQUACK!!

lol!

Fun to watch.

Most of BCC coins HAVE already seen the exchanges, the bitcoins that haven't probably never will... you can see there is almost no transactions (in the meaning of daily circulation of BCC) today compared days before today. It's been already dumped.

[nanobtc]

What about Spoofy on Bitfinex?  https://www.google.com/search?q=%2B%22spoofy%22+%2B%22bitfinex%22&btnG=Search

[chopcoin.io]

Well the author did well in unmasking this "Spoofy".
However; first I disagree with his statement that it is one entity - could easily be multiple entities with same/corresponding agenda. Also it's worth noting that most traders don't give a damn about the orderbooks. Everybody who's trading Bitcoin knows of the markets unregulated nature and thus orderbook shenanigans.

[empowering]

BCH Price under $200 at the moment.... and most BCH coins have not seen an exchange yet

snip
 

Most of BCC coins HAVE already seen the exchanges, the bitcoins that haven't probably never will... you can see there is almost no transactions (in the meaning of daily circulation of BCC) today compared days before today. It's been already dumped.

... are you sure about that ? current total volume over the past week across exchanges is  $1,151,633,897 (https://coinmarketcap.com/currencies/volume/monthly/

...so given the current supposed BCH in circulation, which is a figure that will be below 16,483,450 coins for obvious reasons  (and there have been around 44K active addressees in past 24 hours)

(Active addresses since Aug 1st https://bitinfocharts.com/comparison/bitcoin%20cash-activeaddresses.html )  

(Sent from addresses since Aug 1st https://bitinfocharts.com/comparison/sentbyaddress-bcc.html ) 

...and given that the coins have traded between $650 ish and down to $195

.... the figures do not seem to add up?  

BitCash days destroyed anyone lol

Unless you think that a lot lot lot less than 16.xx million coins will be reaching market ie merely 5 ish million ?  do you  think that 70%of the coins will never be moved (neither the BTC nor the BCH? and are lost forever?)


Can anyone tell me  how many BCH coins have moved in past 7 days


(suppose  bitcoin days destroyed would spike though, as people would be moving coins from wallets as they are exposing private keys to claim their BCH)

[Torque]

A lot of BTC holders have BCH, but don't really care. Many don't even know how to access their BCH.

Those that do care, likely are waiting for a future date to trade them.

I moved my BCH to an online BCH wallet, that currently throws errors when I try to spend them. 

[xhomerx10]

BCH Price under $200 at the moment.... and most BCH coins have not seen an exchange yet

snip
 

snip

snip

Can anyone tell me  how many BCH coins have moved in past 7 days


(suppose  bitcoin days destroyed would spike though, as people would be moving coins from wallets as they are exposing private keys to claim their BCH)

 Here's a chart from Cryptocompare.com.



Volume data shown is hourly for 5.5 days (ending at noon EST today) so let's pick an average line through the data (I'm calling it 13k).
13,000 BCH/hr X 5.5days  X 24 hrs/day = 1,716,000 BCH

 So a little over 1.7 million it appears (based on my ever-so-in-depth research)
*results may vary

[cAPSLOCK]

You know what would be awesome...  If some of the gigantic genesis block Satoshi wallets piled their BCH onto an exchange and crashed the schidt out of the price... rinse repeat... then back to sleep.

[empowering]

You know what would be awesome...  If some of the gigantic genesis block Satoshi wallets piled their BCH onto an exchange and crashed the schidt out of the price... rinse repeat... then back to sleep.

Apart from everyone would freak the absolute fuck out if Satoshi did anything, ever, again 

Absolutely bananas I tell you.

But yeah it would be something to behold..