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

[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.

[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.

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.

No my chain is better...no mine is...no mine!

Whatevs.


Most of my bitcoin spending is done via third parties already. I am ok with that.

I spend bitcoins on Amazon through Purse, I pay my rent through a Korean wire transfer service. I have bought gift cards to pay for meals in the US and buy food in Germany. It all gets recorded on the blockchain at some point. And it allows me to hold bitcoins as my main currency.

[Ibian]

Do we not know, for a fact, what the mechanical differences between the coins are? Could someone lay it out in a nice easily readable format?

[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.

No my chain is better...no mine is...no mine!

Whatevs.

 

[chesthing]

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.

No my chain is better...no mine is...no mine!

Whatevs.


Most of my bitcoin spending is done via third parties already. I am ok with that.

I spend bitcoins on Amazon through Purse, I pay my rent through a Korean wire transfer service. I have bought gift cards to pay for meals in the US and buy food in Germany. It all gets recorded on the blockchain at some point. And it allows me to hold bitcoins as my main currency.

Why do you pay rent instead of own being in this game so long? why do you do all of this dorky payments instead of using a debit or credit card? why would you prefer your payments get recorded on a public blockchain vs a private bank or credit card leger that only you can see? Why would you care if you hold bitcoins as your main currency?
curious questions for mr elwar

[sirazimuth]

Do we not know, for a fact, what the mechanical differences between the coins are? Could someone lay it out in a nice easily readable format?

why certainly!

btc around $4200

bth around $680

but that will change in about 30 seconds...

oh wait.... yu said mechanical? wtf does that mean?  (don't bother explaining, my brain cell wouldn't understand anyway)