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

[vit05]

The people that have lost the 2xfight is trying hard give some punches before leaving the fight. I think soon will be over and everything would be green again.

[Rosewater Foundation]

bang on

[LewisPirenne]

5 million BCH and $5 billion volume traded today, almost 2/3 volume in KRW and almost half of that volume on Bithumb.  Note that BTC also traded $5 billion today and that BTC+BCH is around the same as BTC high from 48 hours ago, do suggest that someone is dumping BTC for BCH.  However, despite the pump, I am actually pessimistic about this "BTC of East"'s hope of "flippening".

Just as the BCH fork basically doom the prospect of S2X, the Chinese ban from early September caught those insiders by surprise and basically ruin their plan of sweeping up the selling pressure from bitcoiners at low price, control the float, then pump the price so hashrate follows, then with more total work done (sum of block difficulties), usurp the throne of BTC.  

Bobby Lee was just talking about how China "does not want to see bitcoin anymore" and one of the talk that I heard from PBoC governor outright states that there is no reason to assume that the upcoming PBoCCoin is going to be blockchained or distributed ledger based.  That is, the new GovCoin is more likely to be some kind of "People's Alipay" or "Chicom Paypal".  

So a coin like BCH, which is trying to disrupt payment with 1GB block, is not only up against the 500 million user Alipay, they are up against the upcoming GovCoin which can easily do Visa type 50K tx per second.  Worse yet, that GovCoin is going to be combined with monthly "airdrop" of Universal Basic Income/Social Security/Welfare into your public key account to induce people to use them.  So it is very difficult to see something that already compete in a very crowded market against fiat cash/credit card/debit card/Apple pay etc., not turning into some niche payment for selected users.

Naturally, it's a hell lot more difficult to create a digital storage of value then a digital medium of exchange, not to mention much more risky and time consuming, but using decentralized and inefficient blockchain to compete in payment space is a lost cause without some sort of higher layer that trade off trust and security for more tx capacity.  

[AlexGR]

bang on

The whole narrative is fud. Even the creator of bitcoin cash doesn't make the absurd claim his altcoin is bitcoin.

[Rosewater Foundation]

um
https://twitter.com/gavinandresen/status/892717872442683392

[AlexGR]

um
https://twitter.com/gavinandresen/status/892717872442683392

Yeah well, he also called Wright as Satoshi, so who cares

[jojo69]

good fucking god, that coin splitting sounds like a brain aneurysm inducing hemorrhoid infection

and Andresen...I've had just about all the stupid I can take for one day...my badge is black, time to hit the showers, fucks' sake

[yefi]

Whale time fun for BCH on Polo:

[Rosewater Foundation]

and Andresen...

The man has gone completely off the rails.

It's pathetic.

EDIT: Also, RogerBucks can't crash soon enough. I don't know what the fuck is going on to propel it to its current levels. There are zero fundamentals supporting it.

b2x has never existed. will never exist. is over $400
figure that one out

[windjc]

bang on

Lol. Who was the clown that wrote that?

[Rosewater Foundation]

my post was deleted. here is the source
https://twitter.com/ToneVays/status/929162434790744064
who's dumping posts nao?

[RoomBot]

bang on

Lol. Who was the clown that wrote that?

Amazing foresight into SegWit noX

Look how many people bought in a frenzy recently to score free 2x coins, and then crashed cashed out at the announcement.

I didn't buy more BTC for 2x, but I didn't sell either & I needed to, so I would not call that person a clown--

The rest of us maybe!

As to the BCH conspiracy -- I think a BCH pump won't hurt anyone. The market will be flooded with BCH when the retarded exchanges, (and I mean that literally -- and not to be said against people,)  but when the retard exchanges still holding BCH like CoinBase finally credit their HODLers, a whole lotta dumping is gonna be goin' on! (Boosting BTC in the process.)

CRIKEY!  Bitcoin Cash   BCH/BTC is at $954.26   

[fluidjax]

bang on

Do you have any evidence that this document was written before yesterday, when lots of people myself included, imagined such conspiracy theories.
Its not on way bayback machine and there is no other link reference to it, so it looks to me like fud.


Even if this is true, the artificial price rises and market manipulations needs to be sustained with genuine market confidence, otherwise the prices will re-converge on a more accurate representation of peoples real beliefs.
Their pockets are deep, but not limitless. 2X & the current price proves that the world is behind the real Bitcoin in the Bitcoin Core repo, their only hope is a world wide main stream media campaign, bring it on, Bitcoiners won't let it any of their crap pass without challenge.

[AlcoHoDL]

[ image snipped... ]

bang on

Do you have any evidence that this document was written before yesterday, when lots of people myself included, imagined such conspiracy theories.
Its not on way bayback machine and there is no other link reference to it, so it looks to me like fud.

In this Twitter feed, many people confirm they read it as early as the time of the Bitcoin Cash fork (1 August 2017). So it should be genuine, unless the guys that confirm it are in on the FUD game...

https://twitter.com/ToneVays/status/929162434790744064

[fluidjax]

[ image snipped... ]

bang on

Do you have any evidence that this document was written before yesterday, when lots of people myself included, imagined such conspiracy theories.
Its not on way bayback machine and there is no other link reference to it, so it looks to me like fud.

In this Twitter feed, many people confirm they read it as early as the time of the Bitcoin Cash fork (1 August 2017). So it should be genuine, unless the guys that confirm it are in on the FUD game...

https://twitter.com/ToneVays/status/929162434790744064

Actually I saw that, but I wanted something a bit more, anything reliable that has a date stamp.

What I wrote back on 21/8 is fairly similar

Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts.
BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.

No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.

There is more to their plan, than we have seen so far.
Maybe good to pick up some cheap BCH over the next few months to help kill it later.
Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war. Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.

This turned out to be pretty accurate, and I had no special insight, anyone can invent conspiracy theories.

[AlcoHoDL]

What I wrote back on 21/8 is fairly similar

Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts.
BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.

No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.

There is more to their plan, than we have seen so far.
Maybe good to pick up some cheap BCH over the next few months to help kill it later.
Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war. Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.

This turned out to be pretty accurate, and I had no special insight, anyone can invent conspiracy theories.

That's was a very good prediction of what is now happening. The war on Bitcoin is just starting, and I fear that there will be a bloodbath coming. All because of ego and greed. Perhaps the SegWit2x cancellation was part of their plan. They knew what they were doing all along. It remains to be seen how strong and resilient the Bitcoin network is to that attack, and whether on not it will come out of it victorious. We will know soon enough.

[AlexGR]

This turned out to be pretty accurate, and I had no special insight, anyone can invent conspiracy theories.

Exactly... I was writing something similar too, around the same time:

When Bitcoin is going so good, with valuation of near 4.5k USD, and people want to attack the main chain in a contentious way (=shitstorm), I can't really see them as having good intentions. Perhaps they stand to profit more from the destruction of value by positioning their "options" accordingly. After all if you can control the "good news" and "bad news" of a market, then you can benefit financially. And this is what they've been doing with all the forking scenarios, fud, or real since the price was at 200$. They create the news and the sentiment. They have become a market force that indirectly dictates prices. "Oh they are forking it, sell"... "Oh they cancelled the fork, onwards to 10k!!!", etc etc. This is bullshit on so many levels it's not even funny. No wonder Segwit2x was decided in a closed-meeting with financial companies.

No insider info, just common logic: BCH is not a coin that is sustainable in the long run. It's created for short-term speculation or upsetting the hashrate of BTC, or for market manipulation. Why is it non-sustainable? Because there are no fees paid to sustain the network, as mining reward goes down over the long run. The promise of large blocks and near free txs is unsustainable for the security model (=there is no incentive to mine). Abundance of block space = no reason to pay fees. BCH blocks right now have like 1-2-5$ in fees. The entire block

The short-term focus on BCH is also proven by the way that this thing is mined in order to issue blocks faster - which brings reward halving even closer, which in turn compounds the fee-incentive problem due to blockspace abundance (which in itself is compounded by lack of actual use), which all screams "non-viability".... These are pretty clear, from a technical / economical standpoint... but whales gonna whale anyway

[fluidjax]

What I wrote back on 21/8 is fairly similar

Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts.
BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.

No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.

There is more to their plan, than we have seen so far.
Maybe good to pick up some cheap BCH over the next few months to help kill it later.
Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war. Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.

This turned out to be pretty accurate, and I had no special insight, anyone can invent conspiracy theories.

That's was a very good prediction of what is now happening. The war on Bitcoin is just starting, and I fear that there will be a bloodbath coming. All because of ego and greed. Perhaps the SegWit2x cancellation was part of their plan. They knew what they were doing all along. It remains to be seen how strong and resilient the Bitcoin network is to that attack, and whether on not it will come out of it victorious. We will know soon enough.

What distresses me is a lot BTC whales dumped their BCH for a low value. Now, Jihan , Ver and Co.  have a large amount of BTC, and a large amount of BCH, and we have nothing to fight back with.
They can't hold the BCH price artificially high forever.

After UASF and the failure of 2X, the power in Bitcoin has confirmed its real position, and thats with the users.
A POW change is maybe the last step to fire the disruptive element. The appetite for POW change may have lessened with the failure of 2X, but now is the time we must prepare for it, and build a consensus for what should trigger it in the future. That alone should bring the disruptive element into line. The penalties for future disruption would be clear.

The miners use their hash power as a weapon, the non-miners also have power over that weapon, as we determine the POW.

[Denker]

What I wrote back on 21/8 is fairly similar

Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts.
BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.

No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.

There is more to their plan, than we have seen so far.
Maybe good to pick up some cheap BCH over the next few months to help kill it later.
Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war. Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.

This turned out to be pretty accurate, and I had no special insight, anyone can invent conspiracy theories.

That's was a very good prediction of what is now happening. The war on Bitcoin is just starting, and I fear that there will be a bloodbath coming. All because of ego and greed. Perhaps the SegWit2x cancellation was part of their plan. They knew what they were doing all along. It remains to be seen how strong and resilient the Bitcoin network is to that attack, and whether on not it will come out of it victorious. We will know soon enough.

What distresses me is a lot BTC whales dumped their BCH for a low value. Now, Jihan , Ver and Co.  have a large amount of BTC, and a large amount of BCH, and we have nothing to fight back with.
They can't hold the BCH price artificially high forever.

After UASF and the failure of 2X, the power in Bitcoin has confirmed its real position, and thats with the users.
A POW change is maybe the last step to fire the disruptive element. The appetite for POW change may have lessened with the failure of 2X, but now is the time we must prepare for it, and build a consensus for what should trigger it in the future. That alone should bring the disruptive element into line. The penalties for future disruption would be clear.

The miners use their hash power as a weapon, the non-miners also have power over that weapon, as we determine the POW.

You don't know how many BTC Ver has left. Some say he invested A LOT in shitcoins and his operations who may not be profitable at all!!!
Bitmain as probably the owner real significant miner for Bcash was also mining at a loss for quite some time.
We don't know how economically strong they really are at the moment. They are not broke!! But maybe also not as strong and competitive as you may think.

[CristiTCM]

[ image snipped... ]

bang on

Do you have any evidence that this document was written before yesterday, when lots of people myself included, imagined such conspiracy theories.
Its not on way bayback machine and there is no other link reference to it, so it looks to me like fud.

In this Twitter feed, many people confirm they read it as early as the time of the Bitcoin Cash fork (1 August 2017). So it should be genuine, unless the guys that confirm it are in on the FUD game...

https://twitter.com/ToneVays/status/929162434790744064

Actually I saw that, but I wanted something a bit more, anything reliable that has a date stamp.

What I wrote back on 21/8 is fairly similar

Segwit2X is designed to fail (Garzic is not even implementing Replay Protection) which will ensure Core supporters dislike it, and they can spread there ideas easily to those who are on the fence.
These little pumps in the BCH price are designed to shake out the core supporting BTC holders. They will play with the price until November enticing us to sell in various ways.
Then November comes, Segwit2X fails, Jihan switches to BCH and then the real push starts.
BTC is left with 10-20% of hash power and stalls for a few weeks/months until the difficulty re-calc.

No-body is left to hold back the BCH price and it is pushed dramatically upwards to try and create a viable alternative, Main stream media is saturated with anti BTC articles. BCH announce a bunch of partnerships and deals.

There is more to their plan, than we have seen so far.
Maybe good to pick up some cheap BCH over the next few months to help kill it later.
Everything that has happened so far was easily predictable in advance, this is just the opening (sacrificial) battle, in a war. Perhaps I am giving them too much credit, but, I think they are playing a longer game than we currently see.

This turned out to be pretty accurate, and I had no special insight, anyone can invent conspiracy theories.

OMG! You are officially nostradamus of crypto