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

[BlindMayorBitcorn]

Done. Swept. I forgot it was encrypted. Next step, dump city.

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[BlindMayorBitcorn]

If bitcoin cash stayed in that price long, it can harm the market not just bitcoin.

How exactly? The death spiral of doom?

[Punisher1314]

Last BHC pump before segwit? I am ready to dump my bitchcoin, just before those basterds do it.

[BlindMayorBitcorn]

Did you hear that small fart in the wind? That was me getting my first confirmation.

[BlindMayorBitcorn]

Did you hear that small fart in the wind?

Beans and Doritos ? I did just pick up a 42Hz fluctuation...

Idk what was on that fork but it isn't sitting well.

[bitserve]

Did you feel that small ripple that just resonated through time and space ?

That was me just submitting all my docs to Kraken for Tier 3 and Tier 4.

If you're holding BCH, I would recommend dumping before Wednesday.

Which market are you going to use? USD, EUR OR BTC?

Are you going to dump it all at once? Limit order? Why wednesday?

We are talking about 1000+, aren't we?

[jbreher]

Did you feel that small ripple that just resonated through time and space ?

That was me just submitting all my docs to Kraken for Tier 3 and Tier 4.

If you're holding BCH, I would recommend dumping before Wednesday.

Thanks for the heads up Bob. If it's all the same to you, I'll just wait until you dump, then buy 'em up at a discount.

[leowonderful]

I'm surprised BCH is still holding up so well. Will be interesting to see what happens after all of this drama is over and when it isn't being pumped to stay relevant I hope for more opportunities for free coin in the future (assuming price won't crash).

[savetherainforest]

I'm surprised BCH is still holding up so well. Will be interesting to see what happens after all of this drama is over and when it isn't being pumped to stay relevant I hope for more opportunities for free coin in the future (assuming price won't crash).

You people are the worst.
I'l repeat again: "If there is something to trade, it will be traded!" 

[bitserve]

I'm surprised BCH is still holding up so well. Will be interesting to see what happens after all of this drama is over and when it isn't being pumped to stay relevant I hope for more opportunities for free coin in the future (assuming price won't crash).

You people are the worst.
I'l repeat again: "If there is something to trade, it will be traded!" 

What do you mean? Of course it will.

[savetherainforest]

I'm surprised BCH is still holding up so well. Will be interesting to see what happens after all of this drama is over and when it isn't being pumped to stay relevant I hope for more opportunities for free coin in the future (assuming price won't crash).

You people are the worst.
I'l repeat again: "If there is something to trade, it will be traded!" 

What do you mean? Of course it will.

It has no importance anymore what name of what coin is at what price. People will just trade / gamble on it if it is there on the exchange. And for now it is there, so in conclusion it will stay there 4f^ckingEver!
So if its called BTC/ETH/LTC/BCC,etc.. all of those coins are there! Available for trading, and their existence will never disappear! And actually they will grow in price till the end of times of its scarcity. (or just a handful of people will become the majority holders and they will control the price as they please!.. ofc and force people to play their game because they will control an appealing price for the coin to be like a hot broad that you want to f^ck!)  

[lightfoot]

Some deep pockets need to fund reverse engineering that chip. Surely, its worth somebody's while. Or is it?

The chips are hardly anything interesting, looks like Bitmain managed to put the dc-dc converters on-chip which is really smart, but nothing unusual. Their cooling system is basic but it works and they have settled on a frame/interface design that works well enough. Kind of like KNC, except they took the extra plunge to put power on the chips.

The problem is getting the foundry time and selling the product. Too many failures in that regard.

[bitserve]

Some deep pockets need to fund reverse engineering that chip. Surely, its worth somebody's while. Or is it?

The chips are hardly anything interesting, looks like Bitmain managed to put the dc-dc converters on-chip which is really smart, but nothing unusual. Their cooling system is basic but it works and they have settled on a frame/interface design that works well enough. Kind of like KNC, except they took the extra plunge to put power on the chips.

The problem is getting the foundry time and selling the product. Too many failures in that regard.

How much investment do you think would be needed to create a competition to Bitmain? 10, 20, 30 millions? Maybe more?

Do you think it is possible that in the near future some corporate like AMD/ATI would enter this market? Wouldn't that crush Bitmain easily?

[infofront]

Some deep pockets need to fund reverse engineering that chip. Surely, its worth somebody's while. Or is it?

The chips are hardly anything interesting, looks like Bitmain managed to put the dc-dc converters on-chip which is really smart, but nothing unusual. Their cooling system is basic but it works and they have settled on a frame/interface design that works well enough. Kind of like KNC, except they took the extra plunge to put power on the chips.

The problem is getting the foundry time and selling the product. Too many failures in that regard.

How much investment do you think would be needed to create a competition to Bitmain? 10, 20, 30 millions? Maybe more?

Do you think it is possible that in the near future some corporate like AMD/ATI would enter this market? Wouldn't that crush Bitmain easily?

In a previous comment a few days ago, I mentioned that Bitmain may not have a stranglehold for more than a few years.

At that moment, it was just wishful thinking. However, I've lately been digesting some more information. There have been rumors of North Korea mining bitcoin (or maybe buttcoin cash, as the Koreans seem to love). Before that, there were rumors of Russia preparing to BTC mine, and even create their own ASICs.

I don't care how wealthy Jihan is, or how much of a head start he has - he can't compete with nation-states.


Edit: That might be even worse. Imagine Kim Jong Un and Vladmir Putin controlling 85% hashing power.

[bitserve]

Some deep pockets need to fund reverse engineering that chip. Surely, its worth somebody's while. Or is it?

The chips are hardly anything interesting, looks like Bitmain managed to put the dc-dc converters on-chip which is really smart, but nothing unusual. Their cooling system is basic but it works and they have settled on a frame/interface design that works well enough. Kind of like KNC, except they took the extra plunge to put power on the chips.

The problem is getting the foundry time and selling the product. Too many failures in that regard.

How much investment do you think would be needed to create a competition to Bitmain? 10, 20, 30 millions? Maybe more?

Do you think it is possible that in the near future some corporate like AMD/ATI would enter this market? Wouldn't that crush Bitmain easily?

In a previous comment a few days ago, I mentioned that Bitmain may not have a stranglehold for more than a few years.

At that moment, it was just wishful thinking. However, I've lately been digesting some more information. There have been rumors of North Korea mining bitcoin (or maybe buttcoin cash, as the Koreans seem to love). Before that, there were rumors of Russia preparing to BTC mine, and even create their own ASICs.

I don't care how wealthy Jihan is, or how much of a head start he has - he can't compete with nation-states.


Edit: That might be even worse. Imagine Kim Jong Un and Vladmir Putin controlling 85% hashing power.

I will always welcome competition even if coming from nation-states. The more of them, the more stable the equilibrium. It has to be noted that we have reached some interesting equilibrium in the nuclear powers even though any of them could create BIG CHAOS. But there is equilibrium, and it works.

Would be great if something similar would happen to Bitcoin. I don't think if any comunist country start doing it the western ones would be just pasively contemplating. No... It would be a massive hashrate explosion war. Wonder what would be the effect on price....

But I thought it was more probably that a specialised corporate (such as AMD/ATI) would recognise the demand and jump into the field. I don't really know but, wouldn't the expertise and factories they have offer a great avantage over Bitmain even if they came first into play?

Interesting times ahead anyway....

[Ibian]

Some deep pockets need to fund reverse engineering that chip. Surely, its worth somebody's while. Or is it?

The chips are hardly anything interesting, looks like Bitmain managed to put the dc-dc converters on-chip which is really smart, but nothing unusual. Their cooling system is basic but it works and they have settled on a frame/interface design that works well enough. Kind of like KNC, except they took the extra plunge to put power on the chips.

The problem is getting the foundry time and selling the product. Too many failures in that regard.

How much investment do you think would be needed to create a competition to Bitmain? 10, 20, 30 millions? Maybe more?

Do you think it is possible that in the near future some corporate like AMD/ATI would enter this market? Wouldn't that crush Bitmain easily?

In a previous comment a few days ago, I mentioned that Bitmain may not have a stranglehold for more than a few years.

At that moment, it was just wishful thinking. However, I've lately been digesting some more information. There have been rumors of North Korea mining bitcoin (or maybe buttcoin cash, as the Koreans seem to love). Before that, there were rumors of Russia preparing to BTC mine, and even create their own ASICs.

I don't care how wealthy Jihan is, or how much of a head start he has - he can't compete with nation-states.


Edit: That might be even worse. Imagine Kim Jong Un and Vladmir Putin controlling 85% hashing power.

Yeah, they might... make some money. And that would be bad.

Thing about Putin is that he is not evil. He would of course put russias interests first, but he would not needlessly antagonize the world. That would be foolish, and that is one thing he is not.

[orpington]

I'm surprised BCH is still holding up so well. Will be interesting to see what happens after all of this drama is over and when it isn't being pumped to stay relevant I hope for more opportunities for free coin in the future (assuming price won't crash).

BitCHcoin holding up so well 'cause she's a real BitCH!

[bitserve]

I'm surprised BCH is still holding up so well. Will be interesting to see what happens after all of this drama is over and when it isn't being pumped to stay relevant I hope for more opportunities for free coin in the future (assuming price won't crash).

BitCHcoin holding up so well 'cause she's a real BitCH!

It's the bastard son of Bitcoin. The Jon Snow of cryptocurrencies. The one that came back from death.

... But the winter is coming.

[orpington]

I'm surprised BCH is still holding up so well. Will be interesting to see what happens after all of this drama is over and when it isn't being pumped to stay relevant I hope for more opportunities for free coin in the future (assuming price won't crash).

BitCHcoin holding up so well 'cause she's a real BitCH!

It's the bastard son of Bitcoin. The Jon Snow of cryptocurrencies. The one that came back from death.

... But the winter is coming.

yeah, soon this BitCH gonna get BitCH-slapped! lol

[keewee]

I'm surprised BCH is still holding up so well. Will be interesting to see what happens after all of this drama is over and when it isn't being pumped to stay relevant I hope for more opportunities for free coin in the future (assuming price won't crash).

BitCHcoin holding up so well 'cause she's a real BitCH!

It's the bastard son of Bitcoin. The Jon Snow of cryptocurrencies. The one that came back from death.

... But the winter is coming.

Strictly speaking, bitcoin with segwit is the bastard child because segwit introduces changes to the code that dramatically alter the way it works. Bitcoin cash is more like your purebred, a continuation of the line with minor changes to improve performance. That's not to say that a good cross-breed won't outperform a thoroughbred however. That remains to be seen