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

[Last of the V8s]

https://medium.com/@jimmysong/segwit2x-game-theory-scenarios-part-1-7f863904a72
Jimmy gives a balanced-ish view

My tl;dr - scammers Mike Belshe, Brian Armstrong and Barry Silbert are gonna need a bigger float.

There is no way that this round of attacks has enough dollars or secret, reserved hashpower behind it.

I'm not looking forward to this. Without a surefire plan to capitalize on these fork coins, short term seems doomish.

hodl

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[Searing]

https://medium.com/@jimmysong/segwit2x-game-theory-scenarios-part-1-7f863904a72
Jimmy gives a balanced-ish view

My tl;dr - scammers Mike Belshe, Brian Armstrong and Barry Silbert are gonna need a bigger float.

There is no way that this round of attacks has enough dollars or secret, reserved hashpower behind it.

I'm not looking forward to this. Without a surefire plan to capitalize on these fork coins, short term seems doomish.

I myself never time this stuff correctly, I just HODL

I think there will be FUD and a 1/3 correction, like other waves in BTC's past, this due to the Segwit2x+2mb attempted fork...it will likely survive as an ALT.....muddy'ing the waters with 3 now flavors of BTC claiming they are "the one"

thus usual....pump it up....then pump up the FUD ..drive it down and buy at the bottom

So will let the present hoard ride..since 2013 onward, .and if I am (unfortunately correct about the above) buy when it dumps 1/3 in price, as it has in the past before the next "go around"

to yet another future All-Time High...

rinse/wash/repeat

(how the btc whales splash in the crypto ocean..pump/fud/buy)

[Poboy88]

https://medium.com/@jimmysong/segwit2x-game-theory-scenarios-part-1-7f863904a72
Jimmy gives a balanced-ish view

My tl;dr - scammers Mike Belshe, Brian Armstrong and Barry Silbert are gonna need a bigger float.

There is no way that this round of attacks has enough dollars or secret, reserved hashpower behind it.

I'm not looking forward to this. Without a surefire plan to capitalize on these fork coins, short term seems doomish.

People getting all bearish. Makes me think there's one more spike upwards to squeeze all your shorts before the crash actually happens. Hopefully the fork isn't too messy. Who knows, there's still time for the btc1 people to add optional replay protection....

[LewisPirenne]

I bet that right after CME goes live with its BRR contact on Nov 14, someone will do a custom double one-touch right before Nov 16, just so that whales will profit whether it be 5K or 10K after the S2X freak show.

[realsteelboy]

Apologies for the crosspost infofront but I trust most of you guys in here and the majority of you seem to know what you're talking about.

Any idea on this?

https://bitcointalk.org/index.php?topic=2367477.new#new

[Rosewater Foundation]

https://medium.com/@jimmysong/segwit2x-game-theory-scenarios-part-1-7f863904a72
Jimmy gives a balanced-ish view

My tl;dr - scammers Mike Belshe, Brian Armstrong and Barry Silbert are gonna need a bigger float.

There is no way that this round of attacks has enough dollars or secret, reserved hashpower behind it.

I'm not looking forward to this. Without a surefire plan to capitalize on these fork coins, short term seems doomish.

People getting all bearish. Makes me think there's one more spike upwards to squeeze all your shorts before the crash actually happens. Hopefully the fork isn't too messy. Who knows, there's still time for the btc1 people to add optional replay protection....

I'm not thinking of selling, I'm thinking of where to park my coins during the fork. Trezor doesn't plan to be very helpful.

[krogothmanhattan]

HODLing all the way boys... Whatever the outcome!  SO will you HODL or FODL?

[eXpl0sive]

This thread has attracted more than 19 million views now (19,499,935 to be precise). Won't take much long to reach the magic number 21 million

[Searing]

HODLing all the way boys... Whatever the outcome!  SO will you HODL or FODL?

I'm kinda looking at a justification (hedge) on my ego on holding as per usual since 2013 in the following manner....

IF I was to sell some...capital gains would be high in my state with me at 47% tax rate etc already to IRS...

thus I say lose what 35% all said in done on my sale of more than 1 year and 1 day of held BTC

then

we are due, according to most reputable economists of either the liberal or conservative stripe...of a correction (ie recession)

a recession is 20% retraction or more

thus now my BTC moved to fiat lost another 20% in my view if we do have a recession..it will be more like 40% with the dysfunction of USA gov't at this time, imho

boy, would I feel silly

thus if I hodl and ONLY have a 30% (usual 1/3 pullback before the next leg) with BTC and this recession comes along as I expect in spring

well.....I can live with that

I also ALWAYS GUESS WRONG thus another reason to just HODL

anyway, my 'rationalization' on HODL

[Torque]

we are due, according to most reputable economists of either the liberal or conservative stripe...of a correction (ie recession)

a recession is 20% retraction or more

thus now my BTC moved to fiat lost another 20% in my view if we do have a recession..it will be more like 40% with the dysfunction of USA gov't at this time, imho

boy, would I feel silly

thus if I hodl and ONLY have a 30% (usual 1/3 pullback before the next leg) with BTC and this recession comes along as I expect in spring

I'm starting to wonder if we are even going to have a correction of any sort.

The Fed and the world CBs have engineered the most massively manipulated soft-landing that world history has ever seen. I think we already are in a recession since the beginning of 2017, and they are making sure there is no significant crash by keeping interest rates slammed to near 0, continuous money printing, buying up everything, and nationalizing certain mega corps.

They know that a crash or correction now, when the world economy is the most vulnerable, would be devastating and long felt.

What is starting to settle-in though, is rising inflation. So you want to HODL your Bitcoin to outrun that long term. Same with the FAANG stocks, as equities go they're a long term safe bet since the world banks are actively nationalizing them and will keep buying them forever. But know that the FAANG companies will continue their expansion of their worldwide spying game for their govt masters.

[600watt]

https://medium.com/@jimmysong/segwit2x-game-theory-scenarios-part-1-7f863904a72
Jimmy gives a balanced-ish view

My tl;dr - scammers Mike Belshe, Brian Armstrong and Barry Silbert are gonna need a bigger float.

There is no way that this round of attacks has enough dollars or secret, reserved hashpower behind it.

I'm not looking forward to this. Without a surefire plan to capitalize on these fork coins, short term seems doomish.

People getting all bearish. Makes me think there's one more spike upwards to squeeze all your shorts before the crash actually happens. Hopefully the fork isn't too messy. Who knows, there's still time for the btc1 people to add optional replay protection....

I'm not thinking of selling, I'm thinking of where to park my coins during the fork. Trezor doesn't plan to be very helpful.

trezor does it well:
https://blog.trezor.io/trezor-statement-segwit2x-2x-hard-fork-b2x-f245fe4f0fb

what exactly is "not helpful" here?

TREZOR device supports both BTC and B2X.

The TREZOR device supports both BTC and B2X. For both, new and legacy addresses will be supported.

However, as SegWit2X will not implement replay protection, there are certain steps you need to take before you can use both coins safely. We will prepare a guide for you to follow, should you wish to split your coins and use both coins.

[conspirosphere.tk]

anyway, my 'rationalization' on HODL

What I would dump at the first chance given is my B2X coins, bitgold, and any other BTC forks that comes along.
I just need a safe way to do it.

[podyx]

Somewhat of a strange little dip

Head and shoulder pattern on 30m chart

[krogothmanhattan]

Ride the potholes and all...BTC will overcome them all and climb as the world wakes up to it and the demand skyrockets to the moon baby.

[bitserve]

Are we poor again?

[Dabs]

What I would dump at the first chance given is my B2X coins, bitgold, and any other BTC forks that comes along.
I just need a safe way to do it.

Try this?

1. Move coins to an address you control pre-fork.
2. Wait for fork.
3. After the fork, move BTC coins to another address you control. This is the time you apply any opt-in replay protection, or if there is none, just do it anyway.
4. Move your fork coins to another fork coin address. You should be able to do this unless it got replayed on the fork chain, in which case you move that to another address.
5. It's possible you may have to repeat 3 and 4 until one or the other chain doesn't recognize the transaction anymore or the coins are split into different addresses.

The time between 3 and 4 should be right after each other, so before you do that you should already have the fork client wallet running and synchronized with the fork chain.

It's safe because you control all private keys at all points in time, even without replay protection.

[Karartma1]

What I've learned with Bitcoin so far.

Store your keys securely.
Buy forget rinse and repeat! Buy forget rinse and repeat!
Store your keys securely.
Don't rely on exchanges too much.
Don't tell anybody you have bitcoin, tell them you have eth (always pretend something else).
Buy forget rinse and repeat!

Get to know how to use Bitcorn and
BE FREE

And enjoy the right music
https://www.youtube.com/watch?v=DtVBCG6ThDk

[Torque]

[lightfoot]

W T F   is that guys? Out of all the videos, only the first one was bearable (this one: https://youtu.be/hXRhIXp4idM), thanks to the pretty girls... How is it possible that people fall for this sh*t?

Damn!

Go to any bar, you will see what stupid things people do for pretty girls.

Trick is these guys are not aiming those ads at you, they are aiming them at people far dumber than you.

Meantime bitcoin seems stuck at 7200-ish, but Litecoin may finally be doing something. Quiet day....

[conspirosphere.tk]

What I would dump at the first chance given is my B2X coins, bitgold, and any other BTC forks that comes along.
I just need a safe way to do it.

Try this?

1. Move coins to an address you control pre-fork.
2. Wait for fork.
3. After the fork, move BTC coins to another address you control. This is the time you apply any opt-in replay protection, or if there is none, just do it anyway.
4. Move your fork coins to another fork coin address. You should be able to do this unless it got replayed on the fork chain, in which case you move that to another address.
5. It's possible you may have to repeat 3 and 4 until one or the other chain doesn't recognize the transaction anymore or the coins are split into different addresses.

The time between 3 and 4 should be right after each other, so before you do that you should already have the fork client wallet running and synchronized with the fork chain.

It's safe because you control all private keys at all points in time, even without replay protection.

Sounds good, thanks. But for 4. I will need the proper wallet for the forked coins.