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

[CristiTCM]

Does anyone have any idea about the recent BCH pump?

[Denker]

Does anyone have any idea about the recent BCH pump?

Why does it bother you?
Since 4 hours no block. So people who own Bcash in some wallet outside of exchanges can not transfer to those and sell.
So this pump is fishy as usual by the guys behind those coin.
If you have BCH on an exchange now might be good time to sell some or play the chart to make more BTC if you have the needed trading skills.

[CristiTCM]

Does anyone have any idea about the recent BCH pump?

Why does it bother you?
Since 4 hours no block. So people who own Bcash in some wallet outside of exchanges can not transfer to those and sell.
So this pump is fishy as usual by the guys behind those coin.
If you have BCH on an exchange now might be good time to sell some or play the chart to make more BTC if you have the needed trading skills.

Was just curious . thanks

[conspirosphere.tk]

I did not know luke was so influent there  

How the fuck does a guy go from proposing smaller block sizes, to throwing his support behind BCH ?

It boggles the fucking mind. I can't be sure the man is entirely sane.

Clowns and sellouts everywhere.
Those 100 billions of marketcap look ever more theoretical.

[Torque]

I did not know luke was so influent there  

How the fuck does a guy go from proposing smaller block sizes, to throwing his support behind BCH ?

It boggles the fucking mind. I can't be sure the man is entirely sane.

Clowns and sellouts everywhere.
Those 100 billions of marketcap look ever more theoretical.

You guys must have not bothered to read the whole Twitter stream, so you are taking his comment completely out of context. LukeJr wasn't throwing his "support" behind BCH. His beef was with Litecoin being a useless coin. He was arguing against some of the supposed merits and utility of Litecoin made by its supporters, and saying that 'well in the context of [said utility], if I'm forced to I'd rather use something like BCH than LTC'. He was just comparing two shitcoins together.

He wasn't saying that he supports BCH, not at all.
https://mobile.twitter.com/LukeDashjr/status/924474801414135813

[sirazimuth]

Does anyone have any idea about the recent BCH pump?

Why does it bother you?
Since 4 hours no block. So people who own Bcash in some wallet outside of exchanges can not transfer to those and sell.
So this pump is fishy as usual by the guys behind those coin.
If you have BCH on an exchange now might be good time to sell some or play the chart to make more BTC if you have the needed trading skills.

It will be interesting to see what happens come January when Coinbase releases customers BCH.
Then again those were just the idiots that left their coins there despite numerous  warnings
that they (Coinbase) would not support it.
(only to flip flop when same idiots got their panties in a twirl because Coinbase "stole" their coins)

[bitcoinPsycho]

this shit is going up 

[ivomm]

Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?

[gembitz]

I did not know luke was so influent there  

How the fuck does a guy go from proposing smaller block sizes, to throwing his support behind BCH ?

It boggles the fucking mind. I can't be sure the man is entirely sane.

Clowns and sellouts everywhere.
Those 100 billions of marketcap look ever more theoretical.

You guys must have not bothered to read the whole Twitter stream, so you are taking his comment completely out of context. LukeJr wasn't throwing his "support" behind BCH. His beef was with Litecoin being a useless coin. He was arguing against some of the supposed merits and utility of Litecoin made by its supporters, and saying that 'well in the context of [said utility], if I'm forced to I'd rather use something like BCH than LTC'. He was just comparing two shitcoins together.

He wasn't saying that he supports BCH, not at all.
https://mobile.twitter.com/LukeDashjr/status/924474801414135813

$twtr has been pumping ~ outrageous BTCBTC grandstanding and puffery is tolerated there :-D lol weeee

[Torque]

Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?

Since Ver/Wu/Wright own 97% of BCH mining, they can do the following:

1. Mine BCH, wash trade, and accumulate BCH on the down low

2. Switch mining hashrate from BTC to BCH

3. Pump BCH, lock up mining blocks, trade BCH for BTC into the pump

4. Switch hashrate back to BTC, pump BTC

5. Sell traded BTC into the pump, or just hold on to it (making them wealthier).

6. Profit

I contend that BCH is still just a money making scam to them. Sad that anyone would fall for that garbage. They don't want BCH, they want your Bitcoin. You'll see all that here soon, when you see BCH drop and BTC start to rise again.

And don't think for a second that their little operation isn't being "subsidized" by outside elements.

[podyx]

[Globb0]

It's too easy to get carried away.

The Martingale

https://i.imgur.com/S0Hc5.gif
Wee.

Your new profile picture makes you different! It feels like it gives you some trolling swag!

What was his old one? Indeed the Ray King give him something more

I liked the astronaut head thing.

The memes pass away the hours with  warm feeling.  

[CristiTCM]

Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?

Thanks for the tip. just bought another 0.1 btc

[bitcoinPsycho]

$6060 on finex

[DaRude]

Well that escalated quickly 

[mike4001]

WOAH WOAH WOAH

whats going on there ..... calm down ...

[Punisher1314]

K-booooooom!! Typicall, everybody watching the BCH pump before it starts plummeting, then BTC skyrockets..

[bitserve]

Someone sold a bunch of BCH to buy moar BTC?

[Rosewater Foundation]

WOAH WOAH WOAH

whats going on there ..... calm down ...

The foundation just made a sizeable investment in Bitcoin. You're welcome.

[bones261]

Last few days BTC was oversold. The depth of the markets shows that the demand is rapidly increasing. Moreover at least 1/3 of the miners switched to BCH which is more profitable by 50%. I expected the price would hold during the weekend and probably go up in the next few days. Who knows, may be another ATH is coming?

Since Ver/Wu/Wright own 97% of BCH mining, they can do the following:

1. Mine BCH, wash trade, and accumulate BCH on the down low

2. Switch mining hashrate from BTC to BCH

3. Pump BCH, lock up mining blocks, trade BCH for BTC into the pump

4. Switch hashrate back to BTC, pump BTC

5. Sell traded BTC into the pump, or just hold on to it (making them wealthier).

6. Profit

I contend that BCH is still just a money making scam to them. Sad that anyone would fall for that garbage. They don't want BCH, they want your Bitcoin. You'll see all that here soon, when you see BCH drop and BTC start to rise again.

And don't think for a second that their little operation isn't being "subsidized" by outside elements.

The problem with your assessment is that the two major mystery miners(probably two farms run by Jihan Wu) have not moved any of the coins that they mined.

https://www.blocktrail.com/BCC/address/17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg/transactions/out/0
https://www.blocktrail.com/BCC/address/1BgatB78WrFLdCgnPnBqiDcNFFA46jkPZe/transactions/out/0