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

[jojo69]

[TheFlynn49]

looks like Bitcoin core is draining all the money out before segwit2x ... <sarc/>

[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.

Thanks for the tips man!

You have any idea about the possible precautions that should be taken in order to get the new coins too?
Will it be something automatical? I know I was really angry to have lost my new shiny coins after last fork simply because I didn't respect the process for my electrum wallet... That's really a shame to know you've lost 10% of easy money like that

This is how you get your Electrum coins.

https://bitcointalk.org/index.php?topic=2062488

1. Extract your private keys for your pre-fork BTC coins by following the appropriate steps in the list of providers below.

- Electrum
1) Open the menu "View" and click on "Show Addresses"
2) Then open the new tab "Addresses"
3) Right-click on the addresses that had Bitcoin before the fork, then click "Private key".
4) Click on the qrcode icon to show it.

Now that you got your private key(s) for the address(es) that contained BTC prior to the fork of August 1st:

2. Create a BCH wallet in coinomi.

3. Click on .../Sweep Wallet and paste or scan the BTC private key that you obtained in step 1.

Your forked coins should now appear in your Coinomi BCH wallet

[Icygreen]

My bet is we see 6200-6300 with at least 1 bounce before that.  Not sure after that but 4500-5K is still in play.

[conspirosphere.tk]

now the question is if bitcoin is more a commodity or a stock:


http://thecrux.com/the-last-time-this-happened-gold-soared-more-than-500/

[EtihadBitcoin]

http://i.giphy.com/media/qox1yTvzRLFUk/giphy.gif

Not that I could argue with spongebob, but the thing is a good idea, we are a bit underestimating it, according to myself
But apparently the dump is actually due to a prince in saudi arabia saying something bad?!?
http://www.zerohedge.com/news/2017-10-23/bitcoin-tumbles-after-saudi-prince-calls-crypto-enron-making

This just might cause it to tumble like it has.
AM I right?

[Ludwig Von]

nice support at 7000, we are back on track

lol

let's just hope we wont go at 6500

It is a dress rehearsal, will go down to 5000 € very fast.

In that case is all good cuz i have some fiat left to buy more 

Watch close, set your orders ready, it will be a very small window (between now and Nov. 10). I expected this, but it seems to come early... . Not ready mobilising the fiat.
Why I think this : look at the transactions, selling at round numbers, that is not experienced people selling... .

[Ludwig Von]

Not that I could argue with spongebob, but the thing is a good idea, we are a bit underestimating it, according to myself
But apparently the dump is actually due to a prince in saudi arabia saying something bad?!?
http://www.zerohedge.com/news/2017-10-23/bitcoin-tumbles-after-saudi-prince-calls-crypto-enron-making

This just might cause it to tumble like it has.
AM I right?

The prince already left the scene... .

[Icygreen]

Not that I could argue with spongebob, but the thing is a good idea, we are a bit underestimating it, according to myself
But apparently the dump is actually due to a prince in saudi arabia saying something bad?!?
http://www.zerohedge.com/news/2017-10-23/bitcoin-tumbles-after-saudi-prince-calls-crypto-enron-making

This just might cause it to tumble like it has.
AM I right?

You're about 2 weeks late on that.

[EtihadBitcoin]

http://i.giphy.com/media/qox1yTvzRLFUk/giphy.gif

Not that I could argue with spongebob, but the thing is a good idea, we are a bit underestimating it, according to myself
But apparently the dump is actually due to a prince in saudi arabia saying something bad?!?
http://www.zerohedge.com/news/2017-10-23/bitcoin-tumbles-after-saudi-prince-calls-crypto-enron-making

This just might cause it to tumble like it has.
AM I right?

You're about 2 weeks late on that.

How about this one?
Any better?

nice support at 7000, we are back on track

lol

let's just hope we wont go at 6500

It is a dress rehearsal, will go down to 5000 € very fast.

Yes.
Due to this stupid Canadian company -

http://business.financialpost.com/pmn/business-pmn/cryptocurrency-fund-nextblock-scraps-plans-to-go-public-underwriter-withdraws

Them and the greed has had them sell their souls to the devil.

[Lionidas]

^^
I would like to think due to this.
Which is a few days old. So it can't be because of this.

https://www.forbes.com/sites/laurashin/2017/11/01/alex-tapscotts-crypto-vc-firm-going-public-with-100m-cad-falsely-touted-4-blockchain-stars-as-advisors/#2a86c1e71b1f

[Neo_Coin]

__________________________

" The Italian Bitcoin community, while still growing in size and partially “scattered” around the world, proudly includes some very important international actors, such as one of the oldest operating Bitcoin exchanges, one of the most advanced Bitcoin wallets, the two leading startups on blockchain notarization and smart oracles, examples of impressive local adoption like the “Bitcoin Valley”, the first organized lobbying group at EU institutions, one of the most important R&D laboratories, one of the most relevant Bitcoin Meetups in Europe, and so on.

On October 20th, BHB Network published its official statement against the so-called “Segwit 2X” contentious fork of the Bitcoin network, which has been presented during the 46th Bitcoin Milan Meetup. With the present document, other important members of the Italian Bitcoin community decided to share the same position, reaffirming their complete opposition to every attempt to change the Bitcoin protocol in a rushed, irresponsible, and contentious way, political in its nature and without any technological motivation.

The opposition is especially strong against any action of this kind that could cause huge inconveniences for service providers and serious confusion for users, potentially leading to financial losses: unilateral attempts to appropriate Bitcoin name, logo or “ticker”, attempts to mislead light-clients and SPV wallets on alternative networks not explicitly chosen by them, attempts to launch new coins in a way which leave users vulnerable to “replay attacks” or address format confusion, attempts to attack the network with a temporary hashing-power majority in order to create disruptive reorgs or to slow down the normal activity".

[Coinnosaurus]

Don't forget your helmet gentlemens, it will minimize the impact with the ground .. probably

[jbreher]

"Not one investor is remotely interested in blocksize, capacity or any other monetary vehicular niceties if it means the loss of 90% of the value of their holdings".

Umm... duh?

(As it does when a suffix is added to the word "Bitcoin").

Predictive assumption predicated upon facts not entered into evidence.

In other words, the market is arbitrating between stores of value and technologically versatile investments. Bitcoin is the latter so in that respect the one with the least tampering will be considered to have the maximum store of value.

'Least tampering'? You are aware -- presumably -- that The Segwit Omnibus Changeset was the largest ever change to the Bitcoin protocol ever made, right?

Do you believe Bitcoin would have become a store of value if it had not first served as a medium of exchange?

Personally, the proper Bitcoin can serve as both. Indeed, if it does not fulfill the use case of being easily, quickly, and cheaply transferred, it is likely to be marginalized out of relevancy by another implementation that can.

[Ibian]

You know, that part of flying really pisses me off. There I am, an adult man in my 30s and they are lecturing me on how to operate a BELT BUCKLE. I can bloody well figure it out on my own. AND when I need to use it as well, thank you very much!

[Wekkel]

People in the Wall Observer Thread discussing a price decline.

This decline:


I say: what decline? 

 

[mymenace]

BITCOIN
WARS


1) Bitcoin Cash Fork (The phantom menace)

July/August $500 btc correction down then btc price goes higher week after


2) Bitcoin Gold Fork (Attack of the clones)

October $500 btc correction down then btc price goes higher week after


3) B2X Segwit2X Fork (Return of the sith)

November $500 btc correction down then btc price goes ? ? ?

[_javier_]

https://twitter.com/GLove39/status/927499073971802112

When I was a valet I was driving someone's corvette out of the parking garage. The dumbass in front of me had to back up for some reason, the parking gate was right behind me and I had to back up so the gate was just above the trunk. People were honking, pointing at me and I'm like...I fit.

When I got the car to the lady and stepped out she started freaking out. "What did you do to my antenna!?!".

oops

Paradise Papers = Paper Wallets


Lambos for everybody!!  

[Ibian]

Okay so 7k is the floor. How nice. Moving on.

[Lionidas]

BITCOIN
WARS


1) Bitcoin Cash Fork (The phantom menace)

July/August $500 btc correction down then btc price goes higher week after


2) Bitcoin Gold Fork (Attack of the clones)

October $500 btc correction down then btc price goes higher week after


3) B2X Segwit2X Fork (Return of the sith)

November $500 btc correction down then btc price goes ? ? ?

Well then what about The Last Jedi?

It hasn't been released yet. So will this iteration of the franchise mean the end of bitcoin as it's run has come to an end in the new trilogy?