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

[rjclarke2000]

Profit time

have let Mrs V8s go to Tesco for once rather than Asda, but none of that Finest scam.

if it goes to 25k in December, maybe Waitrose...

I can tell who's stash is bigger.

We have gone from Aldi to Lidl

"Moving on up, van de Lidl naar de Ap" even (From the Lidl to the Albert Heijn supermarket).

$25k is Christmas lunch from Sainsburys. Doesn't hurt to splash out once in a while.
$100k is delivered by Ocado.

^^^this is a Marks and Spencer food hall man right here I bet.

[TheFlynn49]

To come back to economic speculation, I'll drop this here :
http://alt-market.com/articles/3310-the-economic-end-game-continues

[mOgliE]

To come back to economic speculation, I'll drop this here :
http://alt-market.com/articles/3310-the-economic-end-game-continues

I... Don't really see the point of your article...
That's just a random guy saying btc is the future global currency right? No shit Sherlock xD

That's more or less why btc was created, global and decentralized.
But that doesn't change the fact that this fucking prize raise has a bit of a bubble too. I see people knowing nothing about coins talking about it now. You hear random persons in the subway talking about BTC and how the price is incredible and how they're going to invest in it and how it's the future...
Not that I don't like it but there is a huge FOMO here I bet. A correction is going to hit hard.

(Well of course that can be a correction that take the price back to 15k after it hit 20k, which would be an incredible correction buuuuuuuuuut I wouldn't care ^^)

[Wekkel]

I think more of hitting $25k and beyond with a subsequent crash of at least to 1/3rd and more probable 1/4th of the ATH. Trade accordingly.

[AlcoHoDL]

Are we Choo-Choo'ing right now?

think it was just one big buy (~700) on bitfinex
now back in the station

Looks like there won't be any Choo-Choo'ing today...

[TheFlynn49]

To come back to economic speculation, I'll drop this here :
http://alt-market.com/articles/3310-the-economic-end-game-continues

I... Don't really see the point of your article...
That's just a random guy saying btc is the future global currency right? No shit Sherlock xD

That's more or less why btc was created, global and decentralized.
But that doesn't change the fact that this fucking prize raise has a bit of a bubble too. I see people knowing nothing about coins talking about it now. You hear random persons in the subway talking about BTC and how the price is incredible and how they're going to invest in it and how it's the future...
Not that I don't like it but there is a huge FOMO here I bet. A correction is going to hit hard.

(Well of course that can be a correction that take the price back to 15k after it hit 20k, which would be an incredible correction buuuuuuuuuut I wouldn't care ^^)

Err, yes, ok. I was just trying to get away from cars and closer to speculation for a little while with a bitcoin-optimist article.

[Arriemoller]

So, I have talked a little bit more with Coinomi about the upcoming fork to clear things up.
Here's what I have so far.

They will support both chains after the fork.
Bitcoin will still be called bitcoin and still be on the legacy chain.
They will  implement replay protection for SW2X on their wallets.
You will be able to claim your SW2x coins.

Sounds good to me, I will keep my coins there during the fork.

[AlcoHoDL]

So, I have talked a little bit more with Coinomi about the upcoming fork to clear things up.
Here's what I have so far.

They will support both chains after the fork.
Bitcoin will still be called bitcoin and still be on the legacy chain.
They will  implement replay protection for SW2X on their wallets.
You will be able to claim your SW2x coins.

Sounds good to me, I will keep my coins there during the fork.

Just be extra careful if you have a lot of coins. Mine are in a TREZOR and I dare not touch them. I had to change my old recovery seed to a fresh one because of the BCH hard fork, during which my coins always stayed in the TREZOR and the seeds kept offline.

I use Coinomi and it's a nice wallet, but I'm not sure I want to transfer all my stash there. I think I'll wait for a solution by the TREZOR team.

[Cassius]

$25k is Christmas lunch from Sainsburys. Doesn't hurt to splash out once in a while.
$100k is delivered by Ocado.

^^^this is a Marks and Spencer food hall man right here I bet.

Make it $150k BTC and you're on.

[jojo69]

The choice between the legacy bitcoin and 2x is a choice between a continuously proven and non-censorable store of value, and a provenly compromised store of value with temporarily lower transaction fees.

that CD opinion piece really nails it

[Arriemoller]

So, I have talked a little bit more with Coinomi about the upcoming fork to clear things up.
Here's what I have so far.

They will support both chains after the fork.
Bitcoin will still be called bitcoin and still be on the legacy chain.
They will  implement replay protection for SW2X on their wallets.
You will be able to claim your SW2x coins.

Sounds good to me, I will keep my coins there during the fork.

Just be extra careful if you have a lot of coins. Mine are in a TREZOR and I dare not touch them. I had to change my old recovery seed to a fresh one because of the BCH hard fork, during which my coins always stayed in the TREZOR and the seeds kept offline.

I use Coinomi and it's a nice wallet, but I'm not sure I want to transfer all my stash there. I think I'll wait for a solution by the TREZOR team.

I don't have a Trezor or similar device yet, so for me it was either a core node, but I have just bought a new computer, and I can't be bothered to download the whole chain right no. Or Electrum, or Coinomi. And since I got assurances from Coinomi that my coins would stay on the legacy chain, and they would enable replay protection, I opted for Coinomi.
Had I had a Trezor I might have kept my coins there, seems pretty safe..

[Arriemoller]

As soon as it is safe I will move my stash to Electrum, then claim my BTG and SW2X coins, move them to Blockchain, get a new seed for my Coinomi wallet, move the free coins back there and use them as spending money, and the original stash will stay on Electrum as a savings account.

[Dabs]

You don't have to join the Canadian Forces to get a uniform; there are plenty of army surplus shops in the area that sell those... though you might not be able to pay with Bitcoin

Oh, sorry, I thought you came from somewhere else, my mistake.

I don't want to wear the full uniform unless I'm actually authorized to do so. It also looks sloppy if you only wear half or part of a uniform, I see that all the time in other countries.

I don't want to be caught impersonating an officer unless that's actually part of my job (if I become some sort of spy or secret agent or something.)

[julian071]

There are some walls on Kraken.

[Gab0]

https://cointelegraph.com/news/bitcoin-needs-new-proof-of-work-chain-after-segwit2x-says-bitcoinorg-co-owner

Not 2 but 3 bitcoins after the HF! I've expected that core team is secretly developing an emergency nuke POW change in case 2x wins. I know that some still think the legacy chain can survive with 20% hash support but it is not realistic. In this case unfortunatelly the original bitcoin will die and everyone will say: "The king is dead. Long live the king!" It remains to believe that by some magic wand the current price is transferred to one of the forks.

“We won’t surrender and we won’t compromise. A new hard fork will be released with a new PoW algorithm and we’ll carry on as normal.”

[...]

“The market and exchanges should be prepared to support three different forks of Bitcoin this November. The original chain, the 2x chain, and the new Bitcoin chain with a better PoW,” he concludes.

“As soon as the new PoW hard fork binaries are released on Bitcoin.org, I intend to fully commit to supporting that chain and calling it “Bitcoin,” even if hash rate returns to the original chain at a later date.”

It seems really absurd to me. It has no logic
They do not support an increase in block size (a technically simple change in the protocol), but if they plan to make a change in the PoW?
Has it been discussed and proven that it would be a "better PoW"?

What, do you think, are the reasons why Core does not support x2? It is a serious question. If they did, the market, the users and the miners would stay with them, and, more importantly, there would not be a contentious hardfork.

[Arriemoller]

You don't have to join the Canadian Forces to get a uniform; there are plenty of army surplus shops in the area that sell those... though you might not be able to pay with Bitcoin

Oh, sorry, I thought you came from somewhere else, my mistake.

I don't want to wear the full uniform unless I'm actually authorized to do so. It also looks sloppy if you only wear half or part of a uniform, I see that all the time in other countries.

I don't want to be caught impersonating an officer unless that's actually part of my job (if I become some sort of spy or secret agent or something.)

Uniforms are nice, especially the blue Navy/Marines. But I might be biased since I got one of those myself. Retired but still allowed to use it at some occasions.

[Torque]

The choice between the legacy bitcoin and 2x is a choice between a continuously proven and non-censorable store of value, and a provenly compromised store of value with temporarily lower transaction fees.

that CD opinion piece really nails it

And how about we add the non-existent 2x dev team? One lone wolf idiot programmer that has already abandoned the project is neither a 'dev' or a 'dev team'. How anyone with a brain would see this as the future version of Bitcoin is beyond logic or reason.

[Gab0]

The choice between the legacy bitcoin and 2x is a choice between a continuously proven and non-censorable store of value, and a provenly compromised store of value with temporarily lower transaction fees.

that CD opinion piece really nails it

And how about we add the non-existent 2x dev team? One lone wolf idiot programmer that has already abandoned the project is neither a 'dev' or a 'dev team'. How anyone with a brain would see this as the future version of Bitcoin is beyond logic or reason.

I do not think the market, the miners or users who subscribe to the x2 consider btc1 as a long-term customer. Core has a lot of technical experience. Btc1 is a consequence to the requirement of a part of the market. I do not think it's a long-term solution.

[Paashaas]

And how about we add the non-existent 2x dev team? One lone wolf idiot programmer that has already abandoned the project is neither a 'dev' or a 'dev team'. How anyone with a brain would see this as the future version of Bitcoin is beyond logic or reason.

Jeff had some spare time left to spin more 'zombie' nodes out of thin air.

This whole 2x is one major dogshit omfg man...        

           

The most disgusting is this one from BitPay...i'll never forget.. (BitPay still haven't activated Segwit but it is a fronliner to push this bullshit through users throat)  

[julian071]

So, the consensus seems to be that this Segwit2x thing is going to be quite the clustefuck. What will that mean for the price? Is the upwards power of all the fresh fiat flowing in enough to prop up the price? Or should I dump everything now and buy back cheaper later?