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

[surix]

By the way there is a quite a big fight between miners (saw some Wechat screen shots) in China, they also can not achieve agreement on how to go for next step and start to split internally, especially after f2pool's announcement.

[ShroomsKit_Disgrace]

How the fuck are RogerBucks up 15% over the last 24 hours.

Lunacy !

A very profitable lunacy, indeed 

[Last of the V8s]

How the fuck are RogerBucks up 15% over the last 24 hours.

Lunacy !

Customers can walk up to the banking teller-like service counters and receive support from counselors one-on-one. The exchange expects the face-to-face consultation model to provide more rapid and in-depth customer service and increase customer satisfaction.

https://news.bitcoin.com/bithumb-walk-in-customer-service-center-unprecedented-growth/
These kids might even persuade me to buy ethereum, i dunno

[Last of the V8s]

botstamp fight. up? down! up? down! etc.

[empowering]

Perhaps people think that in case segwit 2x will fail, disappointed miners will jump to bitcoin cash instead of push another hardfork, because the agreement was to exchange segwit with bigger block. If compromise can not be achieved, the chance that they will leave segwit is quite big.

This will surely boost the price of roger coin.

All of those sad fucks can all go and fuck themselves

(and take their hijack coins with them)

[jbreher]

satoshi's (who is dead by the way)

Evidence?

For all practical purposes, he is dead.

<<blather blather blather -ed>>

Retraction of indefensible assertion duly noted.

Apparently, you have made an executive decision that my actual response was not important, and you would rather just summarize my response as a supposed "retraction."... yeah.. right.   

Somewhere in your wall-o-text was an admission that you had no evidence that satoshi was dead, so...

[Last of the V8s]

https://translate.google.co.uk/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=https%3A%2F%2Fwww.gmo.jp%2Fnews%2Farticle%2F%3Fid%3D5775&edit-text=&authuser=0

https://bitsonline.com/japan-gmo-bitcoin-mining/

some more competition for Jihan?

[JimboToronto]

Good morning Bitcoinland.

Slowly creeping back up I see... currently $4661USD/$5675CAD (Bitcoinaverage).

AltcoinCash also slightly up... $652USD/$795CAD (Coinmarketcap). 

We had our correction after the last milestone ATH and then weathered a silly little FUD storm and panic after China quite sensibly moved to protect its people from ICO scams. Now we're on the rise again.

There's no reason to be anything other than bullish.

[empowering]

These kids might even persuade me to buy ethereum, i dunno

I think you spelled NEO wrong

(lol i'm kidding about - but I reckon the Koreans are going to be big fans)

[CoinCube]

How the fuck are RogerBucks up 15% over the last 24 hours.

Lunacy !

Someone is hemorrhaging a lot of bitcoin to make that happen. Depending on the will and the depth of their pockets it is certainly possible there will be another attempt to push BCH to 0.2 but it would be very expensive.

It's not that complicated really. At this point Jihan Wu and Roger Ver likely have a million or so BCH between them. It is a centralized project managed by a single developer under the overall control of Bitmain.

This conclusion is obvious from the BCH developer interview here:
https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/

It would be a trivial matter in the future for the Chinese government to pressure Jihan and force modifications to the Bitcoin Cash code.  Thus Bitcoin Cash has no real independence from government and is not decentralized.

[Wexlike]

I hope there are many more shitforks coming, just to show how retarded it is to fork of the main Bitcoin without having full consensus.

Therefore, go BTC Gold go ! Give me more free money.

[RealMachasm]

How the fuck are RogerBucks up 15% over the last 24 hours.

Lunacy !

Someone is hemorrhaging a lot of bitcoin to make that happen. Depending on the will and the depth of their pockets it is certainly possible there will be another attempt to push BCH to 0.2 but it would be very expensive.

It's not that complicated really. At this point Jihan Wu and Roger Ver likely have a million or so BCH between them. It is a centralized project managed by a single developer under the overall control of Bitmain.

This conclusion is obvious from the BCH developer interview here:
https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/

It would be a trivial matter in the future for the Chinese government to pressure Jihan and force modifications to the Bitcoin Cash code.  Thus Bitcoin Cash has no real independence from government and is not decentralized.

+1 This.
Not sure how anyone can see it as anything else but a centralised altcoin.

[gentlemand]

Someone is hemorrhaging a lot of bitcoin to make that happen. Depending on the will and the depth of their pockets it is certainly possible there will be another attempt to push BCH to 0.2 but it would be very expensive.

Why assume it's a couple of sinister puppeteers when it's just as much your bog standard alt pumpers?

[CoinCube]

Someone is hemorrhaging a lot of bitcoin to make that happen. Depending on the will and the depth of their pockets it is certainly possible there will be another attempt to push BCH to 0.2 but it would be very expensive.

Why assume it's a couple of sinister puppeteers when it's just as much your bog standard alt pumpers?

It's probably both. But the price charts of BCH/BTC look to me like someone is controlling the price.

Compare for example the BCH/BTC chart at Bitmain's exchange ViaBTC against any coin that floats freely against BTC like Litecoin or ETH. Notice the lack of variability in the BCH/BTC charts especially the lack of spikes down compared to the number of brief recurring spikes up.
https://www.viabtc.com/quot/realtime?currency=btc&dest=bcc&chart=simple

Given the volumes involved if the price is being supported it would take big pockets to do so. There are a couple of folks on record with the ideological and financial interests to do something like that.

Just my 2 cents on the market I have no definitive proof.

[Karartma1]

Someone is hemorrhaging a lot of bitcoin to make that happen. Depending on the will and the depth of their pockets it is certainly possible there will be another attempt to push BCH to 0.2 but it would be very expensive.

Why assume it's a couple of sinister puppeteers when it's just as much your bog standard alt pumpers?

It's probably both. But the price charts of BCH/BTC look to me like someone is controlling the price.

Compare for example the BCH/BTC chart at Bitmain's exchange ViaBTC against any coin the floats freely against BTC like Litecoin or ETH. Notice the lack of variability in the BCH/BTC charts especially the lack of spikes down compared to the number of brief recurring spikes up.
https://www.viabtc.com/quot/realtime?currency=btc&dest=bcc&chart=simple

Given the volumes involved if the price is being supported it would take big pockets to do so. There are a couple of folks on record with the ideological and financial interests to do something like that.

Just my 2 cents on the market I have no definitive proof.

I think your two cents are damn right.

@all the BTCgold lovers : can someone please explain why it is going to be free money? I see the magic word ICO on their forum

[Last of the V8s]

https://coinmarketcap.com/currencies/bitcoin-cash/#markets

half a billion usd volume in Korean won in 24h...

@all the BTCgold lovers : can someone please explain why it is going to be free money? I see the magic word ICO on their forum

https://cointelegraph.com/news/suddenly-bitcoin-gpu-hard-fork-could-give-bitcoiners-more-free-money

seems they'll fork off the old chain in the same way as bcash did, on a particular block, so all btc holders become btcg holders in the same amount.

[Meuh6879]

But the price charts of BCH/BTC look to me like someone is controlling the price.

Hard to see ... 

[bitcoinPsycho]

But the price charts of BCH/BTC look to me like someone is controlling the price.

Hard to see ... 

Looks to me the same pattern as most alt coin pump and dumps . Slowly but sure decline with a bits of false hope on the way

[jbreher]

It would be a trivial matter in the future for the Chinese government to pressure Jihan and force modifications to the Bitcoin Cash code.  Thus Bitcoin Cash has no real independence from government and is not decentralized.

silly-ass assertion is silly-ass.

First, there is no such thing as 'Bitcoin Cash code'. Bitcoin Cash is a blockchain, not a code implementation.

Second, unlike Bitcoin Segwit -- where there is essentially one code implementation (core) that runs the blockchain, the Bitcoin Cash blockchain has multiple competing code implementations - ABC, Unlimited, Classic, ... . Any attempt to coerce the developers of one of these implementations will lead the community to adopt one of the other implementations instead. (Segwit chain? Not so resilient to this attack).

Thirdly, Jihan has (at least to my knowledge) no direct involvement in any of the code implementations for node/wallets that run the Bitcoin Cash chain. How is he going to make any changes that would be enforceable on the community? The very idea is absurd.

[jbreher]

seems they'll fork off the old chain in the same way as [Bitcoin Cash] did, on a particular block, so all btc holders become btcg holders in the same amount.

The website indicates that BitcoinGPU is to be forked from Bitcoin Genesis at the same block height that Bitcoin Cash forked (478558). I have not been able to find evidence of a single mined block.