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

[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.

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[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.....

[Elwar]

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.

Will probably do this myself as well. Hard part will be moving the bitcoins to a new secure address.

[d_eddie]

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.....

Do you think Jihan&Ver will keep pushing the BCH price up when the difficulty there skyrockets, so that miners keep on mining? I was so slow to sell and I'm losing BTC every day!

[P_Shep]

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.

Will probably do this myself as well. Hard part will be moving the bitcoins to a new secure address.

Did the same at the weekend. Pulled the funds from my Trezor, then input the seed into a BCH BTC.com web wallet. Originally tried with the BCH version of electrum, but didn't work very well (it showed the transaction removing the funds from the trezor, so had 0 funds to move the BCH side of the fork).

[soullyG]

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!

I did pretty much the same thing:

- Transferred coins from paper wallets into new cold storage location using Mycelium
- Added the private keys of my now empty paper wallets to the Coinomi android app
- Sent the BCH directly from there to the exchange

It was super simple and the longest waiting time was for my BCH to turn up on the exchange

[JayJuanGee]

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!

Should I respond publicly? 

I will give some disclosure, here.

I have had a bit of a bitch with BCH...

I had been planning to use the Ledger Nano S for splitting of the coins, but they were on back order, or at least I was too slow to order mine, so I was not able to move my coins onto the LNS before the split. 

Therefore, once I got the LNS, about August 10, I used my 12 word blockchain.info wallet seed to reseed the LNS.

At the time, I had 57 bitcoin addresses on blockchain.info wallet, and 34 addresses with bitcoin balances, and 33 addresses with bitcoin balances as of the time of the BCH fork.

The LNS recognized 12 of my bitcoin addresses - but only one of the addresses had a bitcoin balance (and therefore was able to split the BCH from that one recognized address).

So my main issue is trying to figure out a way to get he LNS to recognize either my remaining 45 bitcoin addresses or at least the remaining 32 addresses that have BCH at the time of the hardfork split.  Actually, I looked up one of my 32 bitcoin addresses on the BCH fork, and it showed that there was a BCH balance on there.


http://blockdozer.com/insight/address/18akLArKa9oAWNCaGW9c3vH81dnhBfPyL


If you look at the same bitcoin address on the bitcoin blockchain, you can verify that I moved the bitcoins from that address on 8/18/17

https://blockchain.info/tx/f3f4920519786698826d5650b0f2c90b8fa31d952dc22037aa92e19dd155c233

So, yeah, it appears that all my BCH are still reachable through my various blockchain.info wallet addresses.  I just have to get to some kind of BCH interface in which I can plug in my 12 word seed and to see the 32 addresses that should have BCH on them... and then to be able to move or store them.

A few more things that I did in this seemingly never ending search for BCH project:  1) I contacted ledger support and I also wrote a thread on the ledger subreddit, 2) I tried reclaiming my BCH through Electron cash, Breadwallet and BTC.com, and no luck finding even one satoshi-like element of a BCH with any of those services 3) I ordered a trezor and an expedited shipping (because I have some of my own availability issues) to see if the trezor splitting mechanism might be faster and more efficient (actually on blockchain.info the support rep said that the 12 word seed worked well on mycelium and on the trezor, and I tested the mycelium on my iphone, which also worked for me for BTC but so far, mycelium does not have no BCH splitting function, so I thought that maybe I could try out the trezor, WTF?)

O.k.?  Have I written enough of a book in the tribulations to try to claim BCH through the blockchain.info seed?

[JayJuanGee]

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.

Will probably do this myself as well. Hard part will be moving the bitcoins to a new secure address.

Did the same at the weekend. Pulled the funds from my Trezor, then input the seed into a BCH BTC.com web wallet. Originally tried with the BCH version of electrum, but didn't work very well (it showed the transaction removing the funds from the trezor, so had 0 funds to move the BCH side of the fork).

I am a little bit confused by what you did or the reason why you did it?

If you had funds on your Trezor as of the August 1 fork, then the easiest solution is to use Trezor's coin splitting feature, no?

I know that Trezor had a glitch with their coin splitting feature for about 3 days around August 1; however, they fixed that glitch, no?  And people have been splitting their BCH off of Trezor, so long as they had the coins on the Trezor as of August 1.  Am I missing something?

[P_Shep]

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.

Will probably do this myself as well. Hard part will be moving the bitcoins to a new secure address.

Did the same at the weekend. Pulled the funds from my Trezor, then input the seed into a BCH BTC.com web wallet. Originally tried with the BCH version of electrum, but didn't work very well (it showed the transaction removing the funds from the trezor, so had 0 funds to move the BCH side of the fork).

I am a little bit confused by what you did or the reason why you did it?

If you had funds on your Trezor as of the August 1 fork, then the easiest solution is to use Trezor's coin splitting feature, no?

I know that Trezor had a glitch with their coin splitting feature for about 3 days around August 1; however, they fixed that glitch, no?  And people have been splitting their BCH off of Trezor, so long as they had the coins on the Trezor as of August 1.  Am I missing something?

You're not missing anything, I am... I wasn't aware of that. Ho-hum, no matter, got my coins

[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.....

Do you think Jihan&Ver will keep pushing the BCH price up when the difficulty there skyrockets, so that miners keep on mining? I was so slow to sell and I'm losing BTC every day!

At this point I am guessing their aim is the mere survival of the chain-  how far they are willing to go I cannot tell you... they have gone pretty far down the path... I can't  see  them ever returning to the fold so to speak- so they seem destined to be the masters of their altcoin.  If they have played a wise enough game - they may have gotten some institutional partners with deep pockets to see them through whilst the difficulty/haspower/price finds equilibrium. (its Kim Jong Un )

Personally I feel like this is going to get pumped and dumped and pumped and dumped

It feels like a sideshow now to the BTC scaling debate.... eyes are on Core and x2 - if there is any relevant sensible progress made here it will be strong for BTC and make BCH even less relevant.

The thing with BCH as I see it- is nobody is using it for anything...I don't see this changing anytime soon- so Roj and WU & partners have to keep this ship floating until at least then....

They are at huge risk of just being totally irrelevant in 6 months time (and much poorer)

Personally I am shocked - if they have gone at this without a steady plan- then they are simply burning cash.

I am not discounting any surprises though...

Are they really that reckless and thoughtless? They could have simply transferred  chunk of their wealth to me and my retirement fund

Truth is - you cannot trust them pesky bitCashers - and the community probably never will again... and believe it or not... you can't buy trust.

.....except by POW  

(ps a part of me wonders if they had hoped BTC would drop like a stone in Aug - shame)







 

[soullyG]

(actually on blockchain.info the support rep said that the 12 word seed worked well on mycelium and on the trezor, and I tested the mycelium on my iphone, which also worked for me for BTC but so far, mycelium does not have no BCH splitting function, so I thought that maybe I could try out the trezor, WTF?)

You can export your private key from Mycelium once you have it loaded in there - select your wallet and then the "3 dots" setting option in the top right corner of the screen, then "export" and you'll be able to copy the private key into whichever BCH wallet you want.

[Last of the V8s]

Well fellas, get ready for some fun in the next two weeks.

Tomorrow is a solar eclipse.

It's also the day that President Trump announces that we're back into the war game in Afghanistan. A build up of troops and more airstrikes likely. This has secretly been in the planning for months and months by the Deep State. But make no mistake, this is really the precursor to war in the Asia Pacific. Can't have all that pesky surplus oil just sitting around stockpiled in tankers everywhere... gotta burn it somehow.
"When all else fails [to stimulate the economy], you take 'em to war."

Gold market is showing signs of shorts exiting positions.

U.S. Stock market is overheated and showing signs of exhaustion.

U.S. govt about to hit the debt ceiling.... again.

Hedge Funds moving into bitcoin through LedgerX come on line in Sept.

Things are heating up fast. Anything can happen in the coming months.

Hold HODL on to your butts bitcoin!

add: us warships keep 'crashing into' freighters
uk trains keep falling off tracks
isis nearly landless

pikeys vs inbreeds http://www.bbc.co.uk/news/uk-england-norfolk-40990174 might just be the

event to tip things over the edge

[Searing]

Well fellas, get ready for some fun in the next two weeks.

Tomorrow is a solar eclipse.

It's also the day that President Trump announces that we're back into the war game in Afghanistan. A build up of troops and more airstrikes likely. This has secretly been in the planning for months and months by the Deep State. But make no mistake, this is really the precursor to war in the Asia Pacific. Can't have all that pesky surplus oil just sitting around stockpiled in tankers everywhere... gotta burn it somehow.
"When all else fails [to stimulate the economy], you take 'em to war."

Gold market is showing signs of shorts exiting positions.

U.S. Stock market is overheated and showing signs of exhaustion.

U.S. govt about to hit the debt ceiling.... again.

Hedge Funds moving into bitcoin through LedgerX come on line in Sept.

Things are heating up fast. Anything can happen in the coming months.

Hold HODL on to your butts bitcoin!

add: us warships keep 'crashing into' freighters
uk trains keep falling off tracks
isis nearly landless

pikeys vs inbreeds http://www.bbc.co.uk/news/uk-england-norfolk-40990174 might just be the

event to tip things over the edge

Not quite a unicorn..but with 3 forks looming ...about as close as Bitcoin is gonna get...so I call it......

'look an ugly unicorn' (whatever gets me thru the day of wtf is going on with Bitcoin development)

[Last of the V8s]

Not quite a unicorn..but with 3 forks looming ...about as close as Bitcoin is gonna get...so I call it......

'look an ugly unicorn' (whatever gets me thru the day of wtf is going on with Bitcoin development)

'tis a black swan
nothing much is happening though in bitcoin, so not to worry
meh just the Chinese, Russian and USG's all attacking it through their incompetent proxies.
same old story never worked before, just exposes a few more such proxies and shills each time (Garzik, Demirrors...)
and causes the female and young to worry about things and matters
so hodl till the cows come home and meanwhile post Selmalikes

[JayJuanGee]

(actually on blockchain.info the support rep said that the 12 word seed worked well on mycelium and on the trezor, and I tested the mycelium on my iphone, which also worked for me for BTC but so far, mycelium does not have no BCH splitting function, so I thought that maybe I could try out the trezor, WTF?)

You can export your private key from Mycelium once you have it loaded in there - select your wallet and then the "3 dots" setting option in the top right corner of the screen, then "export" and you'll be able to copy the private key into whichever BCH wallet you want.

I am not sure whether my Mycelium application has the ability to copy the private key, as you mention.  I am using the Iphone application, so maybe you are using android?  I don't see any "3 dots" setting option.

I have a "back up the wallet" option; however, if I choose that, I will merely receive the same 12 word seed that I had received through blockchain.info wallet.   

[empowering]

pikeys vs inbreeds http://www.bbc.co.uk/news/uk-england-norfolk-40990174 might just be the

event to tip things over the edge

lol - made me laugh

[johny126523]

Hello guys, Im new here but I was reading this and other topics from speculation for long time.

I have few BTC can You advise me what to do now? Hold it or sell? I have read few pages earlier that we have to hold because after 23.08 another changes are coming and course can go up again. But from other side many people talking about big correction now. I really dont know what to do now, please help me guys.

Im sorry for my english but I hope You can understand me.

Kind Regards