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

[Ibian]

Besides, billionaires don't always make the right decisions.

Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz.  Good timing on a great trade, right?

By 2007 silver was up to $17/oz.

By 2011 silver was up to $48/oz.

Furthermore, many of these billionaire's fortunes are not exactly liquid (at least to them.) Much of their fortune is the value of the stocks that they hold for their companies. Why would they liquidate a substantial portion of their interest in their own companies? I'm sure many of them hold their own companies very near and dear to their hearts. Just like Satosi has HODL the vast majority of his bitcoins. Why risk hurting your baby by crashing its market, by liquidating even 5% of your holdings?

what about because humans needs to eat at least?
if everybody will only HODL there will be no trade no volumes nothing, so thankfully there are people which are not HODLING till they die....

Yeah, we call them weak hands. Their loss is our gain, that's how markets work.

[xhomerx10]

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.

realice dos transacciones, una en bitcoin core y otra en cash.

Fee btc 1.4eur
Fee bcc 0.03eur

No digo mas. Tardarón lo mismo, contando que la dificultad de bcc aun no esta ajustada. Además de la campaña por parte de Core mineros intentando sabotear el ajuste automatico cada 12h. Realmente patetico, pero aquí la gente como corderos con los ojos vendados

 We're not blindfolded; it's just that few people here really give a shit about BCH.

[bones261]

Besides, billionaires don't always make the right decisions.

Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz.  Good timing on a great trade, right?

By 2007 silver was up to $17/oz.

By 2011 silver was up to $48/oz.

Furthermore, many of these billionaire's fortunes are not exactly liquid (at least to them.) Much of their fortune is the value of the stocks that they hold for their companies. Why would they liquidate a substantial portion of their interest in their own companies? I'm sure many of them hold their own companies very near and dear to their hearts. Just like Satosi has HODL the vast majority of his bitcoins. Why risk hurting your baby by crashing its market, by liquidating even 5% of your holdings?

what about because humans needs to eat at least?
if everybody will only HODL there will be no trade no volumes nothing, so thankfully there are people which are not HODLING till they die....

I doubt any of these billionaires have problems obtaining enough to eat. Unless they are stricken by some kind of eating disorder. Even in the event of total financial collapse; I'm sure they have enough assets to barter to keep themselves well fed.

[krizniq]

you mentioned Satoshi, who is billionaire (virtually as he did not spend one coin yet) so..... hodling till death?

[Meuh6879]

BCH transaction are getting much faster today
Look at here : https://blockchair.com/bitcoin-cash/blocks

  Last column ...   is DIFFICULTY.

Code:

478651 	2017-08-06 08:36 	23 	39.242 	 	8,000.000 	144323701657.02
478650 	2017-08-06 08:33 	70 	43.457 	 	8,000.000 	144323701657.02
478649 	2017-08-06 08:25 	429 	356.519 	8,000.000 	144323701657.02
478648 	2017-08-06 07:19 	124 	59.328 	 	8,000.000 	144323701657.02
478647 	2017-08-06 06:59 	212 	135.036 	8,000.000 	180404627071.27
478646 	2017-08-06 06:25 	126 	65.945 	 	8,000.000 	225505642691.99
478645 	2017-08-06 06:08 	287 	321.857 	8,000.000 	225505642691.99
478644 	2017-08-06 05:53 	1,082 	999.143 	8,000.000 	225505642691.99
478643 	2017-08-06 02:21 	545 	493.871 	8,000.000 	225505642691.99

51% attack is more easy now ... than ever in the REAL BITCOIN Network.

[bones261]

you mentioned Satoshi, who is billionaire (virtually as he did not spend one coin yet) so..... hodling till death?

It's beginning to look that way. Most coin developers would have dumped their coins long ago. Look at what Vitalik Buterin did.

[Odalv]

....... talking of dumps

I wonder how much longer will BCH hold $200 for 

So what happens if I send BCH to exchange (or somebody).
Can anybody publish same transaction on BTC network and take my Bitcoins ?

[Last of the V8s]

https://www.youtube.com/watch?v=7x5qF7vI-Sc
ThickAsThieves smokes a blunt with Vinny Lingham and the WCN irregulars

[bones261]

....... talking of dumps

I wonder how much longer will BCH hold $200 for  

So what happens if I send BCH to exchange (or somebody).
Can anybody publish same transaction on BTC network and take my Bitcoins ?

No, your private key is not exposed by the transaction hash, anymore than it is exposed on the regular Bitcoin chain. (edit: unless there is a bug that we don't know about.) However, are the wallets that run BCC free of bugs that could expose your private keys? The common wisdom is to move your bitcoin away from any private keys that you may import into BCC software. Even Trezor isn't confident that their BCC wallet is bug free. Just look at all of their disclaimers. https://blog.trezor.io/claim-bcash-bitcoin-cash-bch-bcc-trezor-wallet-f0a810d5864a

[shaggy404]

you mentioned Satoshi, who is billionaire (virtually as he did not spend one coin yet) so..... hodling till death?

Most likely, he's already dead:
https://seebitcoin.com/2016/05/everything-makes-sense-if-david-kleiman-was-satoshi-nakamoto-heres-why/

[JayJuanGee]

you mentioned Satoshi, who is billionaire (virtually as he did not spend one coin yet) so..... hodling till death?

It's beginning to look that way. Most coin developers would have dumped their coins long ago. Look at what Vitalik Buterin did.

hahahaha...

Yep a very interesting contrast.. not only did Vitalik dump a whole bunch of his coins, he can also play god and increase the number of coins.. probably including his own distribution and replacement of the coins that he sold.  I am sure he is not hurting from having had sold a large amount of his stash below $20.

[Last of the V8s]

One broker said a mortgage-free homeowner with a house valued at £10m had taken out a fixed-rate loan of just under £2m to buy bitcoin, the crypto currency that has seen huge volatility in recent months. Others have invested in classic cars or fine wine.
https://www.ft.com/content/d175fc82-76a7-11e7-90c0-90a9d1bc9691 (via @mod6)

oldish: http://news.8btc.com/even-friedcat-cant-ignore-bitcoin-cash-over-17k-btc-moved

[Odalv]

....... talking of dumps

I wonder how much longer will BCH hold $200 for  

So what happens if I send BCH to exchange (or somebody).
Can anybody publish same transaction on BTC network and take my Bitcoins ?

No, your private key is not exposed by the transaction hash, anymore than it is exposed on the regular Bitcoin chain. (edit: unless there is a bug that we don't know about.) However, are the wallets that run BCC free of bugs that could expose your private keys? The common wisdom is to move your bitcoin away from any private keys that you may import into BCC software. Even Trezor isn't confident that their BCC wallet is bug free. Just look at all of their disclaimers. https://blog.trezor.io/claim-bcash-bitcoin-cash-bch-bcc-trezor-wallet-f0a810d5864a

So what is the difference betwen transaction on BCH and BTC chain. Chains were same before split.

[bones261]

So what is the difference betwen transaction on BCH and BTC chain. Chains were same before split.

How is transaction replay being handled between the new and the old blockchain?
Bitcoin Cash transactions use a new flag SIGHASH_FORKID, which is non standard to the legacy blockchain.  This prevents Bitcoin Cash transactions from being replayed on the Bitcoin blockchain and vice versa.

[Torque]

Besides, billionaires don't always make the right decisions.

Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz.  Good timing on a great trade, right?

By 2007 silver was up to $17/oz.

By 2011 silver was up to $48/oz.

Yeah, what a loser, only made 260 million buckos. And it took a whole two! years! That is, like, a LONG time.

Don't get me started on his amazingly bad long position he took on IBM (about 10 years too late), where he ended up losing $444 million.

I doubt any of these billionaires have problems obtaining enough to eat. Unless they are stricken by some kind of eating disorder. Even in the event of total financial collapse; I'm sure they have enough assets to barter to keep themselves well fed.

Warren Buffett eats the $1 menu at McDonalds every single day for breakfast. He is going to kill himself early eating that shit.  
https://www.cnbc.com/2017/01/30/warren-buffetts-breakfast-never-costs-more-than-317.html

[spiderbrain]

you mentioned Satoshi, who is billionaire (virtually as he did not spend one coin yet) so..... hodling till death?

Most likely, he's already dead:
https://seebitcoin.com/2016/05/everything-makes-sense-if-david-kleiman-was-satoshi-nakamoto-heres-why/

Or half of Satoshi is dead, at least.

[Torque]

Hey guys, I traded some BCH when it was $210.

It's now $240.

You're welcome. 

[podyx]

Damn, BCH is rallying.

[r0ach]

r0ach proven right by zerohedge - Bitcoin market is a Gox-style fraud controlled by Bitfinex

http://bitcointalk.org/index.php?topic=2070166.0

[White sugar]

Hey guys, I traded some BCH when it was $210.

It's now $240.

You're welcome. 

who cares about dollars, what matters is the value in Bitcoins