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

[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.

[cmacwiz]

I see kwukduk has started a BCH related FUD thread, looks like we shall be moving up in the coming weeks!

[Last of the V8s]

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.

oh yeah duh. still can't find it in me to care about all these alts.

edit: looks like their website copied a lot from yours lol

[becoin]

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

If you control the altcoin you control the price. BCH is a private altcoin. It will hold this price vs bitcoin as far as current owner has enough bitcoins to support it.

[Lauda]

Bitstamp | Total bids: 56299221 USD. Total asks: 2853 BTC. Ratio: 19732.79138 USD/BTC. | Data vintage: 0.0167 seconds

Today marks the first day (at least based on my own observations) that we've had $56 million in bids on Bitstamp. I've been querying this several times through the days, and the asks were mostly the ones fluctuating.

I see kwukduk has started a BCH related FUD thread, looks like we shall be moving up in the coming weeks!

Standard, highly centralized, shitcoin. Nothing to see there.

[CoinCube]

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.

The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet
https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/

Bitcoin Cash is the realization of the “User Activated Hard Fork” (UAHF) that was first announced as Bitmain’s contingency plan ...

A lot of people contacted us and wanted to launch Bitcoin Cash.

“Random” people? Or also companies, miners or perhaps well-known individuals in the space?"

All of the above. But I do not wish to mention anyone specifically. Some, like ViaBTC and OKCoin have gone public. If others want to do that too, they'll have to do it themselves.

Sorry I forgot it was just "random people" who contacted Amaury Séchet and got this thing started.

I am sure "random people" have no control over its development.

Interesting I understand "random people" also have a significant financial stake in ViaBTC which was the first exchange to publicly push BCH.

So much randomness