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

[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 

[BlindMayorBitcorn]

No offence to the both holders, but I'm out. The case against this freak is too strong.

[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.

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  

Your "purebreed" has gone full retard and is spitting blocks at 4x times it should:

    4 minutes ago    0x20000000    ViaBTC    nR/ViaBTC/Hello World!/vg<zA2fգ
   2.57
479853    3 minutes ago    0x20000000    Unknown    mRXtspDةЪ+Ah*:"s]LQp-s    3.59
479852    5 minutes ago    0x20000000    ViaBTC    lR/ViaBTC/Hello World!/ v<{c,0R1    4.44
479851    4 minutes ago    0x20000000    Unknown    kRAfIAfIυ/XXXYYY/mm<G$?E<j W1VcZ!w]Oz YU    41.56
479850    10 minutes ago    0x20000000    ViaBTC    jR/ViaBTC/Hello World!/v
4te^    35.93
479849    16 minutes ago    0x20000000    BitClub    iR#Y/mh -̅YB6Y|D/BitClub Network/    12.44
479848    19 minutes ago    0x20000000    Unknown    hRAfHDAfH /XXXYYY/mm%P>*w'1aygQ?㪡+s
   23.73
479847    23 minutes ago    0x20000000    Unknown    gRAfHAfH͒/XXXYYY/mmaQ,IoZg*L2G%v0Ƴ"$    22.53
479846    27 minutes ago    0x20000000    Unknown    fRAfHTĵtAfHT /XXXYYY/mm߳hbN=c %
l^Ev
   57.29
479845    37 minutes ago    0x20000000    Bitcoin.com    eR/pool.bitcoin.com/egN|
+@    2.55
479844    37 minutes ago    0x20000000    Unknown    dRY#
<'
   32.10
479843    42 minutes ago    0x20000000    ViaBTC    cR/ViaBTC/Hello World!/u<{c,Kc[n6    9.75
479842    43 minutes ago    0x20000000    ViaBTC    bR/ViaBTC/Hello World!/u
4t[A    11.03
479841    45 minutes ago    0x20000000    Unknown    aRAfGE AfGDg/XXXYYY/mmGP_4 + /`V)CR"@    21.95
479840    49 minutes ago    0x20000000    Unknown    `RAfG.AfGMh/XXXYYY/mms
\EVNɛZ+9gl[
   1.92
479839    49 minutes ago    0x20000000    Unknown    _R=`3O}xG?YVkme3ݠE2z,ppʅ
   7.49
479838    50 minutes ago    0x20000000    Unknown    ^RAfF@AfF BL/XXXYYY/mmu)q` 5矨syBVޒ(YӀg
u    16.16
479837    55 minutes ago

It looks to me more like a Litecoin fork than Bitcoin one

[BlindMayorBitcorn]

"Hello world"
'Member when people used to use words to mean things?

[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  

Your "purebreed" has gone full retard and is spitting blocks at 4x times it should:

    4 minutes ago    0x20000000    ViaBTC    nR/ViaBTC/Hello World!/vg<zA2fգ
   2.57
479853    3 minutes ago    0x20000000    Unknown    mRXtspDةЪ+Ah*:"s]LQp-s    3.59
479852    5 minutes ago    0x20000000    ViaBTC    lR/ViaBTC/Hello World!/ v<{c,0R1    4.44
479851    4 minutes ago    0x20000000    Unknown    kRAfIAfIυ/XXXYYY/mm<G$?E<j W1VcZ!w]Oz YU    41.56
479850    10 minutes ago    0x20000000    ViaBTC    jR/ViaBTC/Hello World!/v
4te^    35.93
479849    16 minutes ago    0x20000000    BitClub    iR#Y/mh -̅YB6Y|D/BitClub Network/    12.44
479848    19 minutes ago    0x20000000    Unknown    hRAfHDAfH /XXXYYY/mm%P>*w'1aygQ?㪡+s
   23.73
479847    23 minutes ago    0x20000000    Unknown    gRAfHAfH͒/XXXYYY/mmaQ,IoZg*L2G%v0Ƴ"$    22.53
479846    27 minutes ago    0x20000000    Unknown    fRAfHTĵtAfHT /XXXYYY/mm߳hbN=c %
l^Ev
   57.29
479845    37 minutes ago    0x20000000    Bitcoin.com    eR/pool.bitcoin.com/egN|
+@    2.55
479844    37 minutes ago    0x20000000    Unknown    dRY#
<'
   32.10
479843    42 minutes ago    0x20000000    ViaBTC    cR/ViaBTC/Hello World!/u<{c,Kc[n6    9.75
479842    43 minutes ago    0x20000000    ViaBTC    bR/ViaBTC/Hello World!/u
4t[A    11.03
479841    45 minutes ago    0x20000000    Unknown    aRAfGE AfGDg/XXXYYY/mmGP_4 + /`V)CR"@    21.95
479840    49 minutes ago    0x20000000    Unknown    `RAfG.AfGMh/XXXYYY/mms
\EVNɛZ+9gl[
   1.92
479839    49 minutes ago    0x20000000    Unknown    _R=`3O}xG?YVkme3ݠE2z,ppʅ
   7.49
479838    50 minutes ago    0x20000000    Unknown    ^RAfF@AfF BL/XXXYYY/mmu)q` 5矨syBVޒ(YӀg
u    16.16
479837    55 minutes ago

It looks to me more like a Litecoin fork than Bitcoin one

Irrelevant to what I was saying, but that is probably just due to the recent difficulty drop and the fact that it's currently 125% more profitable to mine BCH. I'm sure a few miners have switched to maximise the returns on their hardware

[HanvanBitcoin]

Im watching the kraken BCH/EUR charts for a few hours now. Its funny to see how 1 big whale is manipulating the prices by putting up big buy and sell walls.

[dakiller]

We need bigger block sizes, our fork will be able to handle 8x more, this will bring so much more activity.


http://blockdozer.com/insight/block/00000000000000000447589f1f34eaff9c5ac5ff55d4452a6fdbf50cbe0fc12d

Yea, so useful. 


When was the last bitcoin block to have no transactions in it?

[Denker]

Im watching the kraken BCH/EUR charts for a few hours now. Its funny to see how 1 big whale is manipulating the prices by putting up big buy and sell walls.

Yes this is funny isn't it. However many noobs still don't get it or just deny that although it is obvious what's going on with Bcash.
Well ride that pump a bit and make some nice profits to get yourself more Bitcoin.
Expect more FUD and marketing bs by the Ver/Wu/McAfee camp for their super centralized and in terms of tech extremely stagnating coin.

[BlindMayorBitcorn]

Im watching the kraken BCH/EUR charts for a few hours now. Its funny to see how 1 big whale is manipulating the prices by putting up big buy and sell walls.

Yes this is funny isn't it. However many noobs still don't get it or just deny that although it is obvious what's going on with Bcash.
Well ride that pump a bit and make some nice profits to get yourself more Bitcoin.
Expect more FUD and marketing bs by the Ver/Wu/McAfee camp for their super centralized and in terms of tech extremely stagnating coin.

What's not obvious is how high it can go and how much damage it can do along the way.

[El duderino_]

Done trading BCH for today Thank you Ver and Jihan! I managed to increase my total BTC stash by 32% today.

Trading BCH is very dangerous! Sooner or later all BCH traders will become bagholders. Best course of action is to sell all BCH you have, buy BTC, and have a good long holiday for the next 2 months when B2X fork will give you new portion of free money.

you suggest to sell all of BCH allready not keep any ?

Of course. Current BCH price is a bluff. It is simply unsustainable. Ver Wu will run out of bitcoins in just couple of weeks. Ver is a nomad but I feel sorry for all people that work for Wu. They will have to look for new job soon.

Good i'm selling out ....... its Still Nice the Free money ....

Putting my money where my mouth is. I decided to sell too. $800 was too inviting. It's already down to $695 though... 
The procedure is a bit inconvenient. I split the coins and now I sent a couple transactions to Kraken. They want 20 (yes, TWENTY) confirmations on the BCH before you can trade. Besides, Kraken is really acting like it's swimming in molasses. Someone here suggested it's the bad BCH guys trying to slow down the selloff.

Whatever it is, I'm afraid it will be down to $300 by that time. Hm, maybe I can wait it out and hope for another BCH pump/BTC dump by Ver&co.

Yeah the confirming took A lot of time for sure ..., But price Still Good to sell

[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.

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  

Your "purebreed" has gone full retard and is spitting blocks at 4x times it should:

    4 minutes ago    0x20000000    ViaBTC    nR/ViaBTC/Hello World!/vg<zA2fգ
   2.57
479853    3 minutes ago    0x20000000    Unknown    mRXtspDةЪ+Ah*:"s]LQp-s    3.59
479852    5 minutes ago    0x20000000    ViaBTC    lR/ViaBTC/Hello World!/ v<{c,0R1    4.44
479851    4 minutes ago    0x20000000    Unknown    kRAfIAfIυ/XXXYYY/mm<G$?E<j W1VcZ!w]Oz YU    41.56
479850    10 minutes ago    0x20000000    ViaBTC    jR/ViaBTC/Hello World!/v
4te^    35.93
479849    16 minutes ago    0x20000000    BitClub    iR#Y/mh -̅YB6Y|D/BitClub Network/    12.44
479848    19 minutes ago    0x20000000    Unknown    hRAfHDAfH /XXXYYY/mm%P>*w'1aygQ?㪡+s
   23.73
479847    23 minutes ago    0x20000000    Unknown    gRAfHAfH͒/XXXYYY/mmaQ,IoZg*L2G%v0Ƴ"$    22.53
479846    27 minutes ago    0x20000000    Unknown    fRAfHTĵtAfHT /XXXYYY/mm߳hbN=c %
l^Ev
   57.29
479845    37 minutes ago    0x20000000    Bitcoin.com    eR/pool.bitcoin.com/egN|
+@    2.55
479844    37 minutes ago    0x20000000    Unknown    dRY#
<'
   32.10
479843    42 minutes ago    0x20000000    ViaBTC    cR/ViaBTC/Hello World!/u<{c,Kc[n6    9.75
479842    43 minutes ago    0x20000000    ViaBTC    bR/ViaBTC/Hello World!/u
4t[A    11.03
479841    45 minutes ago    0x20000000    Unknown    aRAfGE AfGDg/XXXYYY/mmGP_4 + /`V)CR"@    21.95
479840    49 minutes ago    0x20000000    Unknown    `RAfG.AfGMh/XXXYYY/mms
\EVNɛZ+9gl[
   1.92
479839    49 minutes ago    0x20000000    Unknown    _R=`3O}xG?YVkme3ݠE2z,ppʅ
   7.49
479838    50 minutes ago    0x20000000    Unknown    ^RAfF@AfF BL/XXXYYY/mmu)q` 5矨syBVޒ(YӀg
u    16.16
479837    55 minutes ago

It looks to me more like a Litecoin fork than Bitcoin one

Irrelevant to what I was saying, but that is probably just due to the recent difficulty drop and the fact that it's currently 125% more profitable to mine BCH. I'm sure a few miners have switched to maximise the returns on their hardware

Nah, BitCHcoin is not bitcoin - only bitcoin is bitcoin. Bitcoin with SegWit is bitcoin. Useless BitCHcoin is merely BitchCoin. lol