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

[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..

[Globb0]

I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.

[bones261]

I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.

Just as long as he buys the island from someone who accepts BTC and will Hodl. Otherwise, the BTC market would collapse. At least temporarily.

[Basaleyi]

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

[JimboToronto]

Good morning Bitcoinland.

Still hanging in over $3kUSD/4kCAD basically going sideways at $3259USD (Bitcoinaverage) while Altcash continues to slide down to $208USD.

As difficulty drops on the Altcash network, transactions will speed up, allowing more people to dump their free altcoins while they can still get something for them.

Let's see what segwit brings.

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

Many of us voted $3500 because it was the highest option available in the original poll and you can't change your vote.

The last 2 options were added after it burst past $3000 a couple if nights ago.

[In the silence]

I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.

Just as long as he buys the island from someone who accepts BTC and will Hodl. Otherwise, the BTC market would collapse. At least temporarily.

We need satoshis private key to dump bitcoincash only. Even if theres an island for sale for btc. Satoshis identity will be known. New ATH again. I imagined satoshi/they fapping thinking that his idea is the greatest.

[FractalUniverse]

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

To me it seems to be unpredictable atm.
It will make a decent  correction sooner or later, so my waiting tactics is still on

[empowering]

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)

(Thanks  )

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

So accounting for trading velocity and also the sent/active users- it seems likely that all of the coins have NOT hit the market... even if you account for only say 5 million potential coins - we are still way short ....especially considering trading - some traders bought and sold more than once- and there were people buying coins with fiat and BTC that did not receive coins via the fork...that  I am wondering if we will see a further dump when segwit locks - though I do acknowledge that many users just cannot be bothered to do anything with their BCH coins at this point.  


(side thought - I also wonder if it will give some hedge funds with BTC exposure a nice year end boost- and if they will dump out BCH at the next opportune moment)

(also am I right in thinking if there was a mass exodus and large numbers of Bitcoin holders claiming their BCH in their new Bitcoin Cash wallets , wouldn't we would see a spike in Bitcoin days destroyed? as coins that have not been moved for a while i.e the corresponding BTC are moved into new wallets whilst claiming the BCH (to protect the BTC  private keys) )

[numismatist]

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

The fuel should originate from BCH dumps. On a daytrading shedule the volume of these markets should preceede BTC price movements.
Once mining BCH equals mining BTC from revenue this effect might stop.

[YourMother]

Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $



It's just the beginning

[rjclarke2000]

Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $



It's just the beginning

I wish they'd bloody get on with it