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

[somac.]

Unless significant hash power leaves all at once, no effect. On that note when is the next retargeting, most likely that's when they'll act

The thing is nobody is using BCH, their blocks are empty. But let's say that a significant amount of hashing power leaves for good (80% or so) and the users of bitcoin flee because of slow block times for the week or 2 before a difficulty adjustment. Why would they go to bitcoin cash, when they can go to other better and more established alts.

This BCH pump is being driven by only the few whales who support it. Their egos have got to them, they think they are smart, and only make correct moves because they are rich and successful. Because of these egos they believe that if they just build it (pumping the price) everyone will flock to them, its delusional, and borderline sociopathic. They are kind of like the leaders of small cult, the literally think they are gods and can do no wrong.

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[fragout]

If I had sold some more than I did in the 7K now I would stack some bids between 4.5K and 6K. I expected a strong correction since the high 5K in October so this is nothing yet for the moment. But it's to be seen if the huge backlog in the mempool persists thanks to the ongoing spam attack and the halving of hashing power could start a panic as the bitches hope.

I wonder how much an effect the lowering of hashing power will have. let's face it, most people who buy btc do so to hold it, and the hash rate has no effect on transfering fiat to the exchanges to buy btc. I don't think slower blocks matter at all, might actually slow down the selling it it slows people from transfering from cold storage to the exchange.

edit:
and this confirms that BCH is a totally fake pump:

sure does

Unless significant hash power leaves all at once, no effect. On that note when is the next retargeting, most likely that's when they'll act

November 10th was the last adjustment (btc). Because of the slower block times now, its 19 days until the next with a current estimate of -24%. So expect the battle to continue until then at least and it could get worse as BCH is much more profitable to mine atmo. When does BCH retarget though?

[Torque]

In other news, talk about a purge of bad actors:

http://www.middleeasteye.net/news/exclusive-senior-figures-tortured-and-beaten-saudi-purge-1489501498

[Hyperjacked]

Unless significant hash power leaves all at once, no effect. On that note when is the next retargeting, most likely that's when they'll act

The thing is nobody is using BCH, their blocks are empty. But let's say that a significant amount of hashing power leaves for good (80% or so) and the users of bitcoin flee because of slow block times for the week or 2 before a difficulty adjustment. Why would they go to bitcoin cash, when they can go to other better and more established alts.

This BCH pump is being driven by only the few whales who support it. Their egos have got to them, they think they are smart, and only make correct moves because they are rich and successful. Because of these egos they believe that if they just build it (pumping the price) everyone will flock to them, its delusional, and borderline sociopathic. They are kind of like the leaders of small cult, the literally think they are gods and can do no wrong.

Delusional? Sociopathic... Small cult? Rotflmao

The ones with the egos should have been humble and they know who they are.

The ppl with the hash will decide... 

https://fork.lol/pow/hashrate

[Rosewater Foundation]

ok enough small talk. when is the madness going to end? when do they fork broken clone coin again?

[bones261]

November 10th was the last adjustment (btc). Because of the slower block times now, its 19 days until the next with a current estimate of -24%. So expect the battle to continue until then at least and it could get worse as BCH is much more profitable to mine atmo. When does BCH retarget though?

Since BCH is in supersonic mode right now, the difficulty will probably go up 4x, sometime tomorrow, or early Monday. However, the magical mystery miners may not attempt to stop mining to enact the EDA since the new retarget algo will come on the 13th anyway.
https://www.bitcoinabc.org/november
Starting on the 13th, just after 7:06 pm, BCH will change difficulty every single block. This should stop the profit switching. We will see if any miners, besides the two magical mystery miners, will stick around. I suspect they will all just go back to mining BTC and Wu's two farms will mine BCH all by their lonesome with a sprinkle of other miners who mine BCH just because they hate Core.

[conspirosphere.tk]

In other news, talk about a purge of bad actors:

http://www.middleeasteye.net/news/exclusive-senior-figures-tortured-and-beaten-saudi-purge-1489501498

That may help those bitches to think again about bitcoin. If they diversified into it now they could still have something instead of being suddenly destitute (and BTC capitalization would be at least an order of magnitude greater).

https://www.cryptocoinsnews.com/bitcoin-bashing-saudi-prince-alwaleed-arrested-money-laundering/

[European Central Bank]

bch hash rate and price, in btc terms, has been at these levels before. why is everyone crapping themselves this time more than last time?

[Torque]

Hey, here's a list of all the innovation that the Bitcoin core dev team has been up to:

https://twitter.com/jfnewbery/status/928642936555876354

Quick, someone put up a list of all the innovation work that the BCH dev team has been doing lately.

Oh wait...  

[arklan]

ok enough small talk. when is the madness going to end? when do they fork broken clone coin again?

if you mean segwit2x, they don't. they backed down.

[Hyperjacked]

bch hash rate and price, in btc terms, has been at these levels before. why is everyone crapping themselves this time more than last time?

Because the writing is on the wall...

Let's be real... Come on torque the transaction fees are insanely high and it's slow as death 

[European Central Bank]

bch hash rate and price, in btc terms, has been at these levels before. why is everyone crapping themselves this time more than last time?

Because the writing is on the wall...

Let's be real... Come on torque the transaction fees are insanely high and it's slow as death 

funny, the writing wasn't on the wall 36-48 hours ago. how quickly the world's largest crypto dies. kinda impressive when you think about it.

[somac.]

Delusional? Sociopathic... Small cult? Rotflmao

The ones with the egos should have been humble and they know who they are.

The ppl with the hash will decide... 

https://fork.lol/pow/hashrate

No the entire community will decide, not only one part of the community.

[arklan]

bch hash rate and price, in btc terms, has been at these levels before. why is everyone crapping themselves this time more than last time?

Because the writing is on the wall...

Let's be real... Come on torque the transaction fees are insanely high and it's slow as death 

funny, the writing wasn't on the wall 36-48 hours ago. how quickly the world's largest crypto dies. kinda impressive when you think about it.

people panic, things happen fast.

i don't really think BTC is dying, that's just silly. not THAT fast. too much money to generate that kind of momentum. but i've seen what happens when people think there's a reason to panic. they panic, which causes the reason to panic to actually occur, causing more panic. case in point, just after hurricane harvey, people in dallas, well away from where the storm hit, thought there was going to be a gas shortage, to everybody went and tried to fill up. this CAUSED a gas shortage to actually happen, and it was days before all the gas stations where restocked. because of the panic, there were lines, accidents, and actual fist fights, all when, in reality, nothing was actually wrong.

looking back on it, it's fascinating.

[adaseb]

Anyone here think that Bitcoin Cash was created not to compete with Bitcoin but instead with Litecoin and Ethereum?

Doesn't make sense why Bitcoin Cash would want to hurt Bitcoin since most own both coins long term.

[Hyperjacked]

Delusional? Sociopathic... Small cult? Rotflmao

The ones with the egos should have been humble and they know who they are.

The ppl with the hash will decide... 

https://fork.lol/pow/hashrate

No the entire community will decide, not only one part of the community.

Yes it will... Maybe we can have torque turn off the lights!

Good night all  

[European Central Bank]

Anyone here think that Bitcoin Cash was created not to compete with Bitcoin but instead with Litecoin and Ethereum?

Doesn't make sense why Bitcoin Cash would want to hurt Bitcoin since most own both coins long term.

no. it was designed to destroy the hold certain people have over bitcoin and gain control over it.

all other coins are irrelevant.

[smartcomet]

Segwit2X war was over, now BCH war is coming.
This is crypto-world, just enjoy it.

[conspirosphere.tk]

bch hash rate and price, in btc terms, has been at these levels before. why is everyone crapping themselves this time more than last time?

maybe because the mempool is near an ATH?
https://blockchain.info/charts/mempool-size?timespan=all

[European Central Bank]

maybe because the mempool is near an ATH?
https://blockchain.info/charts/mempool-size?timespan=all

as it has been a load of times in past and we all know who's doing it and why they're doing it.