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

[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

[Ludwig Von]

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.

And that is probably what the copy cats of Gold want(ed) to immitate... . Not good for BTC.

[starmman]

Someone sold a bunch of BCH to buy moar BTC?

Today is crazy! Markets are all over the place - Love days like this =D

[JimboToronto]

Well a very good morning Bitcoinland.

I see I woke up just in time for a rally. It's moving so quickly there's almost no point in posting a price but it just hit $6017USD/$7709CAD at Bitcoinaverage.

AltCash is also up nicely at $456USD/$585CAD (Coinmaketcap). For those still holding both, that's a total of $6473USD or $8194CAD per old coin. Not bad.

Go Bitcoin go.

[Rosewater Foundation]

Well a very good morning Bitcoinland.

I see I woke up just in time for a rally. It's moving so quickly there's almost no point in posting a price but it just hit $6017USD/$7709CAD at Bitcoinaverage.

AltCash is also up nicely at $456USD/$585CAD (Coinmaketcap). For those still holding both, that's a total of $6473USD or $8194CAD per old coin. Not bad.

Go Bitcoin go.

AltGodl is up too, currently $108

[gembitz]

WOAH WOAH WOAH

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

$6000 is broken now $7OOO here we gogogo        weeeeee

[gembitz]

Well a very good morning Bitcoinland.

I see I woke up just in time for a rally. It's moving so quickly there's almost no point in posting a price but it just hit $6017USD/$7709CAD at Bitcoinaverage.

AltCash is also up nicely at $456USD/$585CAD (Coinmaketcap). For those still holding both, that's a total of $6473USD or $8194CAD per old coin. Not bad.

Go Bitcoin go.

$6OOO hitting how boring >>>

~> let's go $10000+ today :-D weeeeee

[sirazimuth]

fun fact...
 breaking $6000 price ($6005 to be precise) breaks 12th digit for market cap ($100 billion)

[JimboToronto]

AltGodl is up too, currently $108

AltGold doesn't even exist yet. It's still in its sleazy pre-mining period.

Any prices now are basically on futures. We'll see if there's ever any real value to it.

The only reason I quote AltCash is that it's actually worth something, albeit pretty much only at South Korean exchanges.

[bitserve]

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

That's very interesting. So they are accumulating and betting on some future pump.

[gembitz]

AltGodl is up too, currently $108

AltGold doesn't even exist yet. It's still in its sleazy pre-mining period.

Any prices now are basically on futures. We'll see if there's ever any real value to it.

The only reason I quote AltCash is that it's actually worth something, albeit pretty much only at South Korean exchanges.

KekGold is not even a real coin brah   #bitcoin #moonshipzzz #weee

[Rosewater Foundation]

it had some potential it seems without the pre mine

[DaRude]

Well a very good morning Bitcoinland.

I see I woke up just in time for a rally. It's moving so quickly there's almost no point in posting a price but it just hit $6017USD/$7709CAD at Bitcoinaverage.

AltCash is also up nicely at $456USD/$585CAD (Coinmaketcap). For those still holding both, that's a total of $6473USD or $8194CAD per old coin. Not bad.

Go Bitcoin go.

AltGodl is up too, currently $108

And for those that were smart enough to dump BCH coin for .16 of BTC you're already over $7k 

[bones261]

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

That's very interesting. So they are accumulating and betting on some future pump.

I believe Bitcoin Cash is a vehicle for Jihan Wu to implement his ideas on improving scaling. He does not appreciate Segwit. After all, he now owns the patent on ASICBOOST, and segwit renders that useless. Him and his buddies are involved in Nchain, which is doing research into on-chain scaling, among other things. Furthermore, they "might" try to develop ways to fix the transaction malleability bug with another method, that I am sure would still be compatible with ASICBOOST. Once they can figure out an alternate way to fix the transaction malleability bug, they may also consider off chain solutions to scaling issue.
I think they are accumulating BCH, because Jihan Wu and friends wants to do as much as possible to keep the UAHF alive. After all, Jihan Wu is also selling the latest miner batches for Bitcoin Cash only. Dumping his bags of BCH, at this point, would hurt the viability of his project.

[DaRude]

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

That's very interesting. So they are accumulating and betting on some future pump.

Or, or, no one wants to put real BTC or $ for BCH coin, so the only way they can prop up the price is by removing the supply altogether. They're making some nice margins on BTC so unfortunately they should be able to keep that for some time now. Expensive hobby though...

[becoin]

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

That's very interesting. So they are accumulating and betting on some future pump.

They are accumulating because they have no choice. Nobody else is buying altcash shit.

[bones261]

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

That's very interesting. So they are accumulating and betting on some future pump.

They are accumulating because they have no choice. Nobody else is buying altcash shit.

Of course they have a choice. They could use their mined stash to do wash trades and give the appearance of high volume. But they are not doing that either. However, Bitcoin Cash is planning to do a hardfork around the time of the S2X hard fork. They are planning on coming up with a different difficulty adjustment algorithm to replace the EDA.
https://www.bitsonline.com/bitcoin-cash-hard-fork/
The developers claim that the timing of the hardfork has absolutely nothing to do with the upcoming S2x hardfork. (Right...I believe that.  )