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

[HanvanBitcoin]

quite a few weak hands or stop-loss limits ...... they will be crying

Well that all depends... how far will it dip?

[1715359147]

1715359147

[1715359147]

1715359147

[soullyG]

BTC-e update (Google translated):

https://bitcointalk.org/index.php?topic=2075551.0

Update5! Important! 08/09/2017

Exit from the current situation with the arrested Fiat:

1. Last 14 days we were engaged in struggle for your means, it was possible to gain control over 55% of funds (depends on the course), the remaining 45% are arrested funds, the most part in fiat. As the arrest is withdrawn from the accounts, the amount will decrease.

2. What is the way out of the current situation we see:
2.1. Work under the current BTC-e brand is not possible due to unresolved issues from the Office of Financial Crimes of the US Treasury.
2.2. At the moment, we are negotiating with a group of investors (an investment company), about buying and prompt launch of the service and repaying debts to customers. Further, the process of repayment of debt obligations will be described in more detail.
2.3. After we transfer all balance sheets of the investment company, we will recalculate the balance sheets.
2.4. The conversion procedure, taking into account the available 55% of funds:
2.4.1. All liabilities for fiat (USD, EUR, RUR) will be transferred to BTE tokens (1 BTE is 1 USD) at the exchange rate on the date of conversion. Probably, for more operative closing of promissory notes, ICO will be held on BTE tokens.
2.4.2. If you have on the balance the amount in koin, then you will be written off 45% of the balance of coins and credited with 45% of BTE (1 BTE is 1 USD). At the exchange rate on the day of conversion.
2.4.3. If you have a balance in BTE, then you will be credited with 45% in koin (the amount will be divided into 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH) and write off the amount of 45% in BTE.
2.4.4. Upon all recalculations, all users will have the opportunity to withdraw 55% of their funds from the system.
2.5. The investment company works in compliance with KYC, AML and the licenses required for this activity, so all users will need to undergo verification.
2.6. Tentative start dates end of August.

3. All debt obligations will be closed primarily from operating income from the investment company's commission, as well as from the funds we plan to sue from those who illegally arrested them.

The closing of the debt will be based on the principle of buying BTE tokens from the market.

The next update will provide more details on the procedure for accessing information on your balance sheet and when these funds can be withdrawn.

From the BTC-e team we officially inform that all the funds that were in the reserve fund (including all our income) were transferred to pay off the debts.

P.S. A warning! The cases of posting fake links on allegedly our new domain have become more frequent. All official information about our service is placed only in our twitter and from our official account on the forum.

Sincerely, BTC-e team

[krizniq]

quite a few weak hands or stop-loss limits ...... they will be crying

Well that all depends... how far will it dip?

not much, as this is usualy caused by local dumpster and few unlucky weak hands fullfils their nonsense stop loss orders, immediatelly after dum(b)pster there is rise to previous price.....

no big drama

[eXpl0sive]

Bull Trap...

[Biro Bob]

So, who hasnt sold their BCH ? I havent, dunno why not. Gut's telling me hodl.

I haven't sold any. It's part of my BTC and my Coins would feel incomplete without it.

[Searing]

So, who hasnt sold their BCH ? I havent, dunno why not. Gut's telling me hodl.

I haven't sold any. It's part of my BTC and my Coins would feel incomplete without it.

Well, my view, (likely dead wrong) is that if/when BTC goes to 10k ...this will be an alt and probably will go back to its ATH of what 800 bucks at worse?

I doubt it is gonna die. Thus, if you hold long enough it should all come out to be even eventually.

Then again, I know zip...just saying.

[starmman]

So, who hasnt sold their BCH ? I havent, dunno why not. Gut's telling me hodl.

I haven't sold any. It's part of my BTC and my Coins would feel incomplete without it.

Well, my view, (likely dead wrong) is that if/when BTC goes to 10k ...this will be an alt and probably will go back to its ATH of what 800 bucks at worse?

I doubt it is gonna die. Thus, if you hold long enough it should all come out to be even eventually.

Then again, I know zip...just saying.

I sold a chunk of mine at 0.4 bought some alts which (luckily) doubled in price and converted back to BTC again so almost back to parity - can't complain

[Lauda]

Okay, so who is dumping?

6 blocks left before technical lock-in.

I want to see $3.5k.

[JayJuanGee]

So, who hasnt sold their BCH ? I havent, dunno why not. Gut's telling me hodl.

I haven't sold either. Waiting to see how the price action develops.

I want to sell. I just find the whole thing so terribly inconvenient.

I sold a bit more than 1/3 of mine.  I haven't sold the other 2/3 because either I am trying to figure out how to safely access them or they are locked up on an exchange that has not issued them yet (about 6% locked up on an exchange).

[Ted E. Bare]

Bull Trap...

More like a bear trap. Who sold at the bottom?

[empowering]

CNBC on Bitcoin and Gold vs Fiat

https://youtu.be/nY__czzeAEA

[empowering]

BCH Update

There have been 305 blocks mined since the hard fork.

(946 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty.


The original chain has grown 1,013.97MB more than the Bitcoin Cash blockchain.


It is currently 29% more profitable to mine on the original chain.

Current price= treefiddy $320 ish

[Torque]

CNBC on Bitcoin and Gold vs Fiat
https://youtu.be/nY__czzeAEA

Ugh. Why does every MSM corespondent that talks about Bitcoin sound like they have barely reached the pinnacle of Mt. Stupid on the subject? They should all just stop.

[bitserve]

BCH Update

There have been 305 blocks mined since the hard fork.

(946 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty.


The original chain has grown 1,013.97MB more than the Bitcoin Cash blockchain.


It is currently 29% more profitable to mine on the original chain.

Current price= treefiddy $320 ish

So, in just a few days, the original blockchain even with "limited" 1MB blocksize and in comparison to BCH which also has had some good amount of TX's have grown *1GB* more than BCH... More than 1GB in a few days on a decentralised redundant network that is replicated over thousands of nodes.

And they think it should grow much faster than that? Makes totally sense. NOT.

If that is not a good indication that ALL tx's can't go over blockchain I don't know what it is. Specially if we want to scale several orders of magnitude for Bitcoin.

[eXpl0sive]

So, in just a few days, the original blockchain even with "limited" 1MB blocksize and in comparison to BCH which also has had some good amount of TX's have grown *1GB* more than BCH... More than 1GB in a few days on a decentralised redundant network that is replicated over thousands of nodes.

And they think it should grow much faster than that? Makes totally sense. NOT.

If that is not a good indication that ALL tx's can't go over blockchain I don't know what it is. Specially if we want to scale several orders of magnitude for Bitcoin.

Imagine the same scenario with 8MB (or Unlimited MB) blocks...

[bitserve]

So, in just a few days, the original blockchain even with "limited" 1MB blocksize and in comparison to BCH which also has had some good amount of TX's have grown *1GB* more than BCH... More than 1GB in a few days on a decentralised redundant network that is replicated over thousands of nodes.

And they think it should grow much faster than that? Makes totally sense. NOT.

If that is not a good indication that ALL tx's can't go over blockchain I don't know what it is. Specially if we want to scale several orders of magnitude for Bitcoin.

Imagine the same scenario with 8MB (or Unlimited MB) blocks...

Problem is not if we use 1MB or 8MB or whatever blocksize.... as soon as we DON'T FILL THEM. Want to have a bigger blocksize to avoid bottlenecks on heavy tx spikes? Fine.

I am in with the 2x blocksize increase if it can be done safely and with consensus, BUT please have that Lighting networks in place before so that we don't really need fill the fucking blocks (if the blocks are not completely filled, there's no such database increase.... maybe there's some people who don't realise this).

[Ted E. Bare]

Did SegWit lock in?

[DARKHOLDER]

Did SegWit lock in?

Yes! Need to wait activation...in late august.

[Paashaas]

The 2x part will never happen in November but who cares?  Bigblockers have finally there BCash coin with no Segwit+8mb blocks...thats what they wanted, right?

Those noobs should stop crying for christ sake...if China didn't HF into BCash then the changes where much higher for the 2x agreement. Double shoot in there own feet lol.

Do people really think moving hunderds of thousands of tx's + multi billion dollar assets/services and other applications just in 1 block...That's way to much ''traffic'' which will lead to heavy
centralization and a good change all those assets goes banana's.

[Torque]

The 2x part will never happen in November but who cares?  Bigblockers have finally there BCash coin with no Segwit+8mb blocks...thats what they wanted, right?

Those noobs should stop crying for christ sake...if China didn't HF into BCash then the changes where much higher for the 2x agreement. Double shoot in there own feet lol.

BCash was created for the express purpose of making sure that the scaling debate will continue on into the future ad nauseam and ad infinitum.

The FUDsters can never ever let FUD die, or else Bitcoin wins.

That is all.

News flash:

BITCOIN WILL NEVER BE PERFECT.^{BITCOIN WILL NEVER BE PERFECT.BITCOIN WILL NEVER BE PERFECT.}
"Never let Perfect become the enemy of Good Enough."