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

[bones261]

If Bitcoin is ever owned by this BCH, Bitcoin will be over.

this is my thinking as well, it will have been a tragic failed experiment

I know guys, it feels like it is over already.

I mean, just look at that plunging btc hashrate.  
https://bitcoinwisdom.com/bitcoin/difficulty

Should we all hug and cry together?  

Meanwhile, it appears the mystery miner(s) for bitcoin cash decided that their Asics needed a few hours of cool down period. https://cash.coin.dance/blocks Must be hot in Bitmain warehouse.

[BlindMayorBitcorn]

Although her daughter has passed the age of 7 now, so pretty soon she'll file for divorce and take half his shit.

Not how it works in France, we're a civilized country. She would maybe get good alimony, or maybe not, since she doesn't need it anyway.

[aesma]

Do you realise that "spending" the coins is a taxable event?

No. If you don't convert, you don't need to pay anything at least not in Europe.

Or are you just counting on they never figuring it out you did?

Good luck with that one.

but, again, usually you do know what USD/EUR value you sold for. Now, declare accordingly, you shaddy criminal!

Are you telling me that every time I pay food delivery via BTC I have to visit the tax man?

Yes, you should..... Maybe I am also counting on them not figuring out. But a taxable event is a taxable event, no matter what you think.

I will give you an easier example, in Europe:

You are European. Your currency is EUR. You exchange now 100.000€ for $117.000. Now you sit on it for a couple of years. Now your dollars are worth more EUR an you use them to buy a house that is worth 120.000€. Ok, you are suppossed to pay for 20.000€ capital gains. Get it now?

Of course, it is very unlikely they get you if you don't declare. But you are a shaddy criminal anyways

Usually you'd use an investment vessel to do that, or a forex broker. They would directly communicate with the taxman.

[Mrpumperitis]

can someone please pump this coin, i need to sell more
 and i wouldnt mind the price of bch to dip a bit so i can buy more bch.
many thanks  

[aesma]

Although her daughter has passed the age of 7 now, so pretty soon she'll file for divorce and take half his shit.

Not how it works in France, we're a civilized country. She would maybe get good alimony, or maybe not, since she doesn't need it anyway.

Well the king and everyone else executed at least had a trial. In the US you execute by cop quite a lot of people without one, and that's now, not centuries ago.

[BlindMayorBitcorn]

A civilized country is an oxymoron. We're all savages.

[d_eddie]

I don't think panic about BCH is justified. My idea is that a few factors are at work.

Some bad guys are rehearsing the big pump&dump that will take place with the 2x fork.

The miners are rehearsing touch&go. It is mildly profitable at the moment, while BCH price is being kept high.

I think this situation can't go on much longer. BCH doesn't have hodler culture. My guess is most holders of BCH are just people that got a windfall and are either being lazy, prudent, greedy or all of the above. If I could sell my BCH at 0.50 BTC, without the hassle of swiping all my addresses first, with a reliable BCH client happy to do the splitting job for me, my finger would be on the sell trigger.

Putting real fiat or - god forbid! - BTC into BCH? No way. New money's coming into BTC already, more is due soon. I don't think they'll be eager to flood BCH with fresh money.

Wait and see is just the course of least resistance for me.

[d_eddie]

A civilized country is an oxymoron. We're all savages.

Basically agreed, but it's not a 0/1 thing. There are varying degrees civilization for different aspects of civilization.

[Torque]

A civilized country is an oxymoron. We're all savages.

Basically agreed, but it's not a 0/1 thing. There are varying degrees civilization for different aspects of civilization.

Yet for some reason, "civilized" and "overbearing government" seem to go hand in hand.

[Ibian]

The spartans were civilized as fuck. Seriously. Read gates of fire, and if so inclined, On Sparta by Plutarch. Some of their legal and cultural ideas would be massively useful for us today.

[BlindMayorBitcorn]

A civilized country is an oxymoron. We're all savages.

Basically agreed, but it's not a 0/1 thing. There are varying degrees civilization for different aspects of civilization.

I guess I'd want to start by looking at how many people are in cages per capita. Norway seems pretty civilized, from what I've read.

[fabiorem]

I want to thanks Ver and Wu for the recent BCH pump, made some extra from the trade. Thank you very much.

And BTC price is already back to normal. Good news.

[Elwar]

If bitcoin and bcash reach parity I will sell both and wait.

[jojo69]

I want to thanks Ver and Wu for the recent BCH pump, made some extra from the trade. Thank you very much.

And BTC price is already back to normal. Good news.

"normal"   lol

[BlindMayorBitcorn]

If bitcoin and bcash reach parity I will sell both and wait.

Doesn't holding what BCH you have just make things worse? Pumpers depend on people not dumping on their heads.

[jojo69]

If bitcoin and bcash reach parity I will sell both and wait.

Doesn't holding what BCH you have just make things worse? Pumpers depend on people not dumping on their heads.

ahhh, but if we all dump into their deep pockets they control the entire float

[BlindMayorBitcorn]

If bitcoin and bcash reach parity I will sell both and wait.

Doesn't holding what BCH you have just make things worse? Pumpers depend on people not dumping on their heads.

ahhh, but if we all dump into their deep pockets they control the entire float

 

[Mrpumperitis]

Blockchain Overview https://cash.coin.dance/blocks
There have been 1081 blocks mined since the hard fork.
(1547 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 2.25GB more than the Bitcoin Cash blockchain.

It is currently 26% more profitable to mine on the Bitcoin Cash blockchain

Segwitcoin miners are currently losing $10billion per day by not switching (#is from my head but prob not far off lol)

[Elwar]

I just want to use Bitcoin as a currency. I honestly do not care too much about the small differences between the two chains. They both have SegWit which will allow the Lightning Network which will allow for fast, cheap microtransactions.

[Mrpumperitis]

I just want to use Bitcoin as a currency. I honestly do not care too much about the small differences between the two chains. They both have SegWit which will allow the Lightning Network which will allow for fast, cheap microtransactions.

Then it has to be bch, thats the aim of it.as Satoshis knew it would be..no 3rd party,no 2nd layer, lower fees, higher txps and more.