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

[Peter R]

hold both coins and let the whales battle it out.

I don't think the world has the appetite for an alt to kill Bitcoin, especially those hundreds of thousands or more who've piled in since the fork without the luxury of free coins. Trust is finite, extremely easy to squander and doesn't come back.

If BCH wins, the narrative will be that bitcoin split into Bitcoin Cash and Bitcoin Core in August, and Bitcoin Cash prevailed.  If BTC wins, then the opposite will hold.

Bitcoin will not be killed.  

[gentlemand]

If BCH wins, the narrative will be that bitcoin split into Bitcoin Cash and Bitcoin Core in August, and Bitcoin Cash prevailed.  If BTC wins, then the opposite will hold.

Bitcoin will not be killed.  

In a verrrrrrrrrrrrrrrrrrrrrrrrrrrrry limited number of minds at least.

So that nasty BTC has been menacing BCH ever since it was born. Gotcha.

I'd still like to hear about the post August army of people who'll see their hard earned money turned to nothing.

[Peter R]

I'd still like to hear about the post August army of people who'll see their hard earned money turned to nothing.

Yes, this is why the segwit2X upgrade was preferred. 

We tried hard to make that happen and failed.

It is messy now.

[becoin]

If BCH wins  

BCH is dead. It was dead at the time it was born. What we see is the final stage of desperation to reanimate it. This only will cost more to Wu and Ver. They are morally bankrupted. After dust settles they'll be financially bankrupted.

[babanana]

If BCH wins, the narrative will be that bitcoin split into Bitcoin Cash and Bitcoin Core in August, and Bitcoin Cash prevailed.  If BTC wins, then the opposite will hold.

Bitcoin will not be killed.  

In a verrrrrrrrrrrrrrrrrrrrrrrrrrrrry limited number of minds at least.

So that nasty BTC has been menacing BCH ever since it was born. Gotcha.

I'd still like to hear about the post August army of people who'll see their hard earned money turned to nothing.

Out of context but want to ask Peter.  

Peter, If BCH is what you call improvement of BTC, then what is BCH compared to Stratis?

[ragnar0k]

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same. Usually, when BTC grows, the crypto market cap grows with it.
This is definitely mostly people panicing or some big whales holding and moving BTCs around. That is a massive red flag to me...
But then again, I've sold my BCH time ago, so I am partial on this story

[LewisPirenne]

In a verrrrrrrrrrrrrrrrrrrrrrrrrrrrry limited number of minds at least.

So that nasty BTC has been menacing BCH ever since it was born. Gotcha.

I'd still like to hear about the post August army of people who'll see their hard earned money turned to nothing.

In all fairness, the few Chinese and Koreans that I know, who betted with the Chinese miner side in August and September, already got out during the current pump.  So it's likely only whales with insider info, whatever that info might be, are in this now.  They are doing a splendid job too as there are barely any BCH walls left in places like Bittrex and Poloniex, at least compare to the $5 billion volume that they have been doing in the past few days.

Can't blame people for wanting to get out early either as they are badly burned during the Chinese ban in early September.  The conscience is really on the people who got in in the past few days.

[Rosewater Foundation]

somebody could seriously get wacked about this. dangerous global shit. i don't like it. no sir

[babanana]

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same. Usually, when BTC grows, the crypto market cap grows with it.
This is definitely mostly people panicing or some big whales holding and moving BTCs around. That is a massive red flag to me...
But then again, I've sold my BCH time ago, so I am partial on this story

Moving BTC around in anticipation of BTC bear mode. Look at big alts on 1 day candlesticks, including BCH, they grow after the ATH of BTC.
Take your positions. But these movements don't bother long time hodler.  

[becoin]

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.

Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same.

[Peter R]

Peter, If BCH is what you call improvement of BTC, then what is BCH compared to Stratis?

I'm not sure I understand the question, but I'll try...

I see BCH and BTC both as bitcoin at the moment, and it is not clear to me which one will win.  What is clear to me though is that Core is in control of BTC and has a vision for it as a sort of "digital gold" with very high fees, limited transactions, and serving primarily as a store of value.  Miners, BU, ABC and several businesses are driving BCH as peer-to-peer electronic cash.  We want low fees, reliable confirmations, and to scale bitcoin into better money that all of the world's 8 billion human inhabitants can use.  

In my opinion, our vision is better than Core's.  But only time will tell whether or not we win.  

I don't know Stratis, but in comparison to alt-coins in general, both BTC and BCH are superior.  Money is really just a shared ledger, "memory" if you will, and bitcoin has the most mature ledger. The ledger updating mechanism is really secondary to the ledger itself, which is why most alt-coins are doomed for failure.

[Gab0]

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.

What is relevant there, is that bitcoin should be resistant to such attacks.

[Rosewater Foundation]

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.

What is relevant there, is that bitcoin should be resistant to such attacks.

it is. come back next week

[Torque]

Peter, If BCH is what you call improvement of BTC, then what is BCH compared to Stratis?

I'm not sure I understand the question, but I'll try...

I see BCH and BTC both as bitcoin at the moment, and it is not clear to me which one will win.  What is clear to me though is that Core is in control of BTC and has a vision for it as a sort of "digital gold" with very high fees, limited transactions, and serving primarily as a store of value.  Miners, BU, ABC and several businesses are driving BCH as peer-to-peer electronic cash.  We want low fees, reliable confirmations, and to scale bitcoin into better money that all of the world's 8 billion human inhabitants can use.  

In my opinion, our vision is better than Core's.  But only time will tell whether or not we win.  

I don't know Stratis, but in comparison to alt-coins in general, both BTC and BCH are superior.  Money is really just a shared ledger, "memory" if you will, and bitcoin has the most mature ledger. The ledger updating mechanism is really secondary to the ledger itself, which is why most alt-coins are doomed for failure.

... and yet not a single word about the critical maintenance of mining decentralization. The real issue at the core of the argument, dodged yet again. You shills seem to be real good at dodging and hand-waving.

[Rosewater Foundation]

Peter, If BCH is what you call improvement of BTC, then what is BCH compared to Stratis?

I'm not sure I understand the question, but I'll try...

I see BCH and BTC both as bitcoin at the moment, and it is not clear to me which one will win.  What is clear to me though is that Core is in control of BTC and has a vision for it as a sort of "digital gold" with very high fees, limited transactions, and serving primarily as a store of value.  Miners, BU, ABC and several businesses are driving BCH as peer-to-peer electronic cash.  We want low fees, reliable confirmations, and to scale bitcoin into better money that all of the world's 8 billion human inhabitants can use.  

In my opinion, our vision is better than Core's.  But only time will tell whether or not we win.  

I don't know Stratis, but in comparison to alt-coins in general, both BTC and BCH are superior.  Money is really just a shared ledger, "memory" if you will, and bitcoin has the most mature ledger. The ledger updating mechanism is really secondary to the ledger itself, which is why most alt-coins are doomed for failure.

... and yet not a single word about the critical maintenance of mining decentralization. The real issue at the core of the argument, dodged again.

its almost as if they don't get it

[ragnar0k]

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.

Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same.

Seriously, how much f***ing bitcoins do they have?! If I had 20BN the last thing I'd do is play stupid crypto wars like this. Go figure.

Moving BTC around in anticipation of BTC bear mode. Look at big alts on 1 day candlesticks, including BCH, they grow after the ATH of BTC.
Take your positions. But these movements don't bother long time hodler.  

Bear mode is possibly maximum 4.5k... So not too far away! Hodling steady alas a bit shaky

Better to sleep over this and see our neighbour ethereum relocating tomorrow
I'll miss it.

[becoin]

I see BCH and BTC both as bitcoin at the moment, and it is not clear to me which one will win.

BCH = Losers

[somac.]

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.

Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same.

Spot on, and this is why it is being done on a weekend. No funds can get through till Monday, so they are hoping that the incoming funds see the BCH ATH and try to get in on it. Thing is, I'd say they're getting this wrong, new funds won't be wanting to buy BCH at ATH, they'll probably be wanting to buy BTC on this dip, like they intended.

This is also why the mempool doesn't matter that much, fiat transfers to exchanges are not hindered by spamming the mempool.

[EtihadBitcoin]

Something weird is going on.
It drops down below $6180 then back up past $6250 in a second?

That is not normal for even bitcoin.

[BitcoinNewsMagazine]

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same.

Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same.

Spot on, and this is why it is being done on a weekend. No funds can get through till Monday, so they are hoping that the incoming funds see the BCH ATH and try to get in on it. Thing is, I'd say they're getting this wrong, new funds won't be wanting to buy BCH at ATH, they'll probably be wanting to buy BTC on this dip, like they intended.

This is also why the mempool doesn't matter that much, fiat transfers to exchanges are not hindered by spamming the mempool.

But BTC sent to exchanges does. Monday will be interesting. BCH difficulty is forecast to double in 24 hours so miners will switch back to BTC and the memory pool should clear. Lot of coins probably reaching exchange wallets. Could see $5000 if panic selling starts.