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

[machasm]

if we don't break through 5k later this week, i'll eat my hat

Wow that is gonna be a big meal! 3 courses perhaps?

[Denker]

this move... its expected... i mean i saw it coming ( didnt sell THAT much but i did sell some... ) its "upgrade might be bumpy, PLUS there this BCH mining is profitable thing, so let do some hedging", type thing.
I wouldn't worry much about it.

if things go well we're looking at 10-15K BTC IMO

In what timeframe?
You're still talking about this year?
To be honest I think the NYA, 2x guys will hinder us to see that kind of prices the next few months at least due to endless FUD.
And if the really fork, it needs to be seen what the whole thing and situation will develop into.
Right now imo we are trying to find a solid support. Hopefully around 3500 after some wilder up and down swings coming the next days.

[sgk]

if we don't break through 5k later this week, i'll eat my hat

I bet that's a CAKE which looks like a hat.

[pumpmydump]

if we don't break through 5k later this week, i'll eat my hat

What do you eat if it doesn't break through 4k again?

[Last of the V8s]

if we don't break through 5k later this week, i'll eat my hat

I bet that's a CAKE which looks like a hat.

win/win

if we don't break through 5k later this week, i'll eat my hat

What do you eat if it doesn't break through 4k again?

to start a half dozen fudding newbies, main course of roasted big-blocker nutjob, pudding of menthe anonyme

[GHCoins45]

So this time bitcoin core is trying to fork?

[aesma]

Bob I'm counting on you to buy back some cheaper coins !

Why ? Fuck that man. I want muh free gibs.

Ah ah no it's just that I've sold BCH when it jumped this night/morning and I'd like to buy back cheaper, but it's going up at the moment.

I'm in no hurry though.

[d_eddie]

Great  Kraken didint execute my stop loss order haha.

They just announced that they are going to disable advanced orders for a couple of months. Only standard orders can be placed now.

But in the same email they also said that standing "advanced" orders (including stop orders) would be executed. Only new ones can't be entered anymore. For what's worth...

[aesma]

So this time bitcoin core is trying to fork?

I you're talking about Segwit 2X then no.

Core has wanted Segwit for years. Now it's going to happen, but instead of people accepting Segwit (which they refused for years) they accepted Segwit2X = Segwit + 2MB blocks. The Segwit part is a tested piece of code (could still have bugs though), the 2X is untested, not made by Core, and Core is firmly against it.

Core has wanted Segwit for years as I said, and promoted it. When it will activate, clearly that will not be a fork. If another piece of software rejects Segwit blocks, that would be a fork. Later if a Segwit2X piece of software is deployed then that's another fork.

[aesma]

Great  Kraken didint execute my stop loss order haha.

They just announced that they are going to disable advanced orders for a couple of months. Only standard orders can be placed now.

But in the same email they also said that standing "advanced" orders (including stop orders) would be executed. Only new ones can't be entered anymore. For what's worth...

I had stopped trading (for unrelated reasons) and now that I'm placing a few orders, it's so horribly slow, it's beyond belief. Sometimes the thing will turn and turn and error out after 2 minutes ! The only explanation I can see is that there are a lot of bots placing countless orders and straining the whole thing.

[Asrael999]

So this time bitcoin core is trying to fork?

I you're talking about Segwit 2X then no.

Core has wanted Segwit for years. Now it's going to happen, but instead of people accepting Segwit (which they refused for years) they accepted Segwit2X = Segwit + 2MB blocks. The Segwit part is a tested piece of code (could still have bugs though), the 2X is untested, not made by Core.

- core nodes will not recognise segwit2x blocks, so these will not be added to the core chain. At the same time 2x has no replay protection, so transactions that occur on the 2x chain can be mirrored on the core chain. It's going to be a shitshow , in my personal opinion.

[gentlemand]

It's going to be a shitshow , in my personal opinion.

It's going to be like every single other 'OMIGOD WE'RE GONNA DIE' threat that's popped up since minute one. An acceptable solution to all will eventually be hammered out.

If you want to panic then rent a cinderblock bunker in the woods, line it with rubber, put on a helmet and beat yourself around the head and throw yourself at the walls until November.

It'll be a great workout.

By launching BCH Bitmain have already fucked the NYA. Everyone else will slowly fall away.

[Wexlike]

It's going to be a shitshow , in my personal opinion.

It's going to be like every single other 'OMIGOD WE'RE GONNA DIE' threat that's popped up since minute one. An acceptable solution to all will eventually be hammered out.

If you want to panic then rent a cinderblock bunker in the woods, line it with rubber, put on a helmet and beat yourself around the head and throw yourself at the walls until November.

It'll be a great workout.

By launching BCH Bitmain have already fucked the NYA. Everyone else will slowly fall away.

Just replace-by-fee split your coins to both chains and you are good to go. A little bit more complicated than the replay protected split with BTH, but still doable.

[GHCoins45]

So this time bitcoin core is trying to fork?

I you're talking about Segwit 2X then no.

Core has wanted Segwit for years. Now it's going to happen, but instead of people accepting Segwit (which they refused for years) they accepted Segwit2X = Segwit + 2MB blocks. The Segwit part is a tested piece of code (could still have bugs though), the 2X is untested, not made by Core, and Core is firmly against it.

Core has wanted Segwit for years as I said, and promoted it. When it will activate, clearly that will not be a fork. If another piece of software rejects Segwit blocks, that would be a fork. Later if a Segwit2X piece of software is deployed then that's another fork.

Thanks for the reply aesma,

So bitcoin core will continue with bitcoin as it is now (with segwit activated) and someone else will fork for 2x, like they did with BCH,  am I right?

In this case shouldn't be problems, as bitcoin core have massive suppport as always.

Or the majority of miners support he 2x shit?

[Meuh6879]

MEMpool

Code:

Block Generation Time : 	

1 block: 10.3 minutes
3 blocks: 30.8 minutes
6 blocks: 1.0 hours 

[hv_]

So this time bitcoin core is trying to fork?

I you're talking about Segwit 2X then no.

Core has wanted Segwit for years. Now it's going to happen, but instead of people accepting Segwit (which they refused for years) they accepted Segwit2X = Segwit + 2MB blocks. The Segwit part is a tested piece of code (could still have bugs though), the 2X is untested, not made by Core.

- core nodes will not recognise segwit2x blocks, so these will not be added to the core chain. At the same time 2x has no replay protection, so transactions that occur on the 2x chain can be mirrored on the core chain. It's going to be a shitshow , in my personal opinion.

Depends on how much hashpower is left for core. If this is less than ten percent it might take for ever to try the replay attack...

[Asrael999]

It's going to be a shitshow , in my personal opinion.

By launching BCH Bitmain have already fucked the NYA. Everyone else will slowly fall away.

By launching BCH Bitmain have increased their influence over the price of each chain as they can manipulate hashrate at will between them both. They've granted themselves a longer period of time in which to milk money out of the sha256 ecosystem and another mechanism with which to do so. Segwit 2x signalling remains above 90%, no sign of it falling away. Core have made their position on segwit2x very clear so I'm not sure why or how you think a negotiated agreement is possible at this point.

[Asrael999]

[quote author=hv_ link=topic=178336.msg21096445#msg21096445 date=150339844

Depends on how much hashpower is left for core. If this is less than ten percent it might take for ever to try the replay attack...
[/quote]

If core drops to 10% of the hashpower then BTC1 is effectively Bitcoin - if that happens how much more development on lightning or schnoor do you think core will bother with? Just curious

[T.Stuart]

I hope the leak hashrate from btc to bch will stop and we will see segwit in the very near future.

[empowering]

I hope BCH and x2guys die of aids of the asshole

What is everyone's hurry exactly ?

"Its because Bitcoin needs to scale to compete"  thank you for your concern

No because it is competing very well as is thanks- taking time to change and operating in a conservative way is how people with $60-$70 Billion dollars would rather this be handled..

Nope BCH and Segx2 don't care because its simply about CONTROL for them


Ah well - maybe this is what brings down BTC/BCH/SegX2

To be honest the industry is behaving like assholes-and it is doing nothing good for public perception- nor reality.

Ah well

I hope core wins out personally- guess I will have to hedge for all outcomes to bypass the shyte