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

[kurious]

If weeks ago or even days ago someone said "put loads of money in monero 2 days before btc segwit activation" I would have said you need to take your medication my friend and maybe go back to your padded room.

Massive spike last August too.  It goes on holiday for the summer.

[jbreher]

Dumped $50k worth of Rogercoin tonight on Kraken.

Sold off in chunks between $720 and $740,

So about 70 BCH? Maybe 12 BTC?

Oh. Right. Wednesday.

[Spaceman_Spiff_Original]

If weeks ago or even days ago someone said "put loads of money in monero 2 days before btc segwit activation" I would have said you need to take your medication my friend and maybe go back to your padded room.

Wow wtf?

[olseh]

If weeks ago or even days ago someone said "put loads of money in monero 2 days before btc segwit activation" I would have said you need to take your medication my friend and maybe go back to your padded room.

Yeah I just shit myself looking at the price. Lucky for me I've got a decent stash

[shaggy404]

Looks like the Bitch honeymoon is over?

[Starving_Marvin]

If weeks ago or even days ago someone said "put loads of money in monero 2 days before btc segwit activation" I would have said you need to take your medication my friend and maybe go back to your padded room.

Yeah I just shit myself looking at the price. Lucky for me I've got a decent stash

Wow, haven't seen monero pumped like that in ages. Any reason for the pump?

[bitserve]

If weeks ago or even days ago someone said "put loads of money in monero 2 days before btc segwit activation" I would have said you need to take your medication my friend and maybe go back to your padded room.

Yeah I just shit myself looking at the price. Lucky for me I've got a decent stash

Wow, haven't seen monero pumped like that in ages. Any reason for the pump?

Maybe bithumb adding it on 23rd.

[kurious]

If weeks ago or even days ago someone said "put loads of money in monero 2 days before btc segwit activation" I would have said you need to take your medication my friend and maybe go back to your padded room.

Yeah I just shit myself looking at the price. Lucky for me I've got a decent stash

The thing with Monero is no one knows if you have or haven't.

I lost all mine in a bizarre boating accident. 

[AlexGR]

If weeks ago or even days ago someone said "put loads of money in monero 2 days before btc segwit activation" I would have said you need to take your medication my friend and maybe go back to your padded room.

Yeah I just shit myself looking at the price. Lucky for me I've got a decent stash

Wow, haven't seen monero pumped like that in ages. Any reason for the pump?

Are you sure? A lot of altcoin valuations seem large because btc is at 4k+ right now, but their btc prices aren't very impressive.

https://coinmarketcap.com/currencies/monero/#charts

Put the chart on 1 year duration, check the orange line (BTC price per XMR).

[CoinCube]

Sold the last of my BCH.
Nice little 17% bump in my BTC holdings.

I am quite pleased  

[JayJuanGee]

Most big blockers are certain that segwit is a catastrophe waiting to happen, for various reasons. That's why they believe buttcoin cash will be the winning fork.

I doubt that if they have any kind of technical knowledge or any kind of genuine attempt to grapple with the facts and the logic that they real are going to genuinely arrive at such nonsensical and ill-supported conclusions.  In other words, "most" of these nutjobs are really being disingenuous because they have a hidden agenda (which might not be so hidden for some of them), and that is to attempt to change bitcoin's governance in order to make it easier to make changes to bitcoin.... which is also a fucked up and ill-thought out motive - because they should realize by now that making changes difficult for bitcoin is a feature and not a bug, so their ongoing attempts at making changes easier (for the "competitive" sake of bitcoin), is not really helping bitcoin, but instead an ongoing and persistent attempt to weaken the power of bitcoin's decentralization, security and transaction record keeping immutability.

[rjclarke2000]

Ok then let me post this and I expect some of you to call me an idiot here but here goes.

I have paper wallets and my plan to get BCH is this...

1. Create new paper wallets and using bitcoin core wallet as a middle man I'll  transfer stash to new paper wallets.

2. Use a BCH software wallet and insert my old private keys (that are now empty)
(Which BCH wallet do I use? Is there more than one?)

3. When I want to trade them, send them to Kraken.

What am I missing?



Edit. Morning JJG!

[olseh]

If weeks ago or even days ago someone said "put loads of money in monero 2 days before btc segwit activation" I would have said you need to take your medication my friend and maybe go back to your padded room.

Yeah I just shit myself looking at the price. Lucky for me I've got a decent stash

Wow, haven't seen monero pumped like that in ages. Any reason for the pump?

Bithumb and RuffCT most likely

[JayJuanGee]

It's obvious by now that the 2x is not gonna happen any time soon, or at least core has no intention to deliver it, not even try to negotiate a future timeline nor anything. But those pools keep signaling for it, and this time it is not a minority percentage as BU is/was. And it is not only Jihan/Ver... it is almost all pools.

Get real!!!

Jihan and Ver and Wright and Garzik and whatever other bigblocker nutjobs, they are not even attempting to work within the Core governance system and to submit actual fucking BIPs... they whine and fart and engage in strategic actions and tactics outside the system (such as spamming the network and creating forks and publicly spreading misinformation), and they do not submit actual code or BIPs through the governance system that already exists (and they make shit up to say that they try to submit.. blah blah blah, and they are really just spreading lies, because they are not making any efforts to make changes through the already existing open governance system, aka core).

[El duderino_]

BTCought the dip

Me too. Got home from the bar and saw the price.

Caught the bottom with 2.4% ATM buy fee. Lucky timing.

I bought yesterdays hight for A change 😄

[AlexGR]

Most big blockers are certain that segwit is a catastrophe waiting to happen, for various reasons. That's why they believe buttcoin cash will be the winning fork.

I doubt that if they have any kind of technical knowledge or any kind of genuine attempt to grapple with the facts and the logic that they real are going to genuinely arrive at such nonsensical and ill-supported conclusions. 

It's not necessarily irrational or non-technical to expect bugs. Changing code can have unintended consequences. Personally I'll be amazed if Segwit pulls through without any glitch whatsoever - because real world testing has scenarios that can't be tested on a testnet. Even Bitcoin has had some nasty bugs over the years, including some things that are packaged into Segwit as fixes.

The irrational part is the leap of "hope" to expect a "catastrophe" that will somehow flip the balance of support. That's not how it works.

[CoinCube]

Ok then let me post this and I expect some of you to call me an idiot here but here goes.

I have paper wallets and my plan to get BCH is this...

1. Create new paper wallets and using bitcoin core wallet as a middle man I'll  transfer stash to new paper wallets.

2. Use a BCH software wallet and insert my old private keys (that are now empty)
(Which BCH wallet do I use? Is there more than one?)

3. When I want to trade them, send them to Kraken.

What am I missing?



Edit. Morning JJG!

Just did this myself.

That's looks good. Lots of options for sweeping paper wallets. Simplest for the low tech user is probably the bread wallet app with a smartphone. Electrum on a PC works very well too as long as you are confident the computer is secure.

I used Electron Cash (it's an Electrum clone) to load the BCH once I had moved the BTC to a new address. It went smoothly.

[kurious]

Ok then let me post this and I expect some of you to call me an idiot here but here goes.

I have paper wallets and my plan to get BCH is this...

1. Create new paper wallets and using bitcoin core wallet as a middle man I'll  transfer stash to new paper wallets.

2. Use a BCH software wallet and insert my old private keys (that are now empty)
(Which BCH wallet do I use? Is there more than one?)

3. When I want to trade them, send them to Kraken.

What am I missing?

I use Bitcoin Classic as a wallet (on a separate computer) It took ages to sync the blockchain though, days in fact. 

[CoinCube]

I use Bitcoin Classic as a wallet (on a separate computer) It took ages to sync the blockchain though, days in fact.  

Electrum on an offline computer is pretty secure and you won't have to spend days syncing the blockchain.

[empowering]

BCH Update

Blockchain Overview
There have been 1971 blocks mined since the hard fork.

(968 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 7% of the original chain's difficulty.


The original chain has grown 2.51GB more than the Bitcoin Cash blockchain.


It is currently 83.8% more profitable to mine on the Bitcoin Cash blockchain.

Current price: $645




BI.Tch  has dropped its knickers and is flashing its bits  at the world.....