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

[gembitz]

I'm just much bullishier on Bitcoin Cash.

Why ?

I ask with no snark or ill-intention.

Because it is purely and simply Bitcoin. In the form that I believe Satoshi intended. After all, it is Bitcoin largely as he left it, but with the insane centrally-planned production quota on transaction capacity relieved. Being of course a thing that he put in as an acquiescence and in order to stave off a potential problem that no longer exists. And also a thing that was orders of magnitude away from being hit at the time he left. Also for which he explained away a fine removal mechanism. Further, it doesn't suffer from the SegWit atrocity, nor the RBF abomination.

Most germane, it supports the store of value function, and also fulfills the medium of exchange function that Core threw overboard in their insane Raspberry Pi fetish. It simply renders Bitcoin SegWit irrelevant.

Everything I've witnessed thus far with BCH, is nothing but power-plays by selfish (State) Actors.

Well, I've been looking closely, and I just don't see it that way. I understand that the above is the narrative 'round these parts, but it looks completely false to me.

It's against everything Satoshi stood for.

In what ways, exactly?


And yes, gentlemand calls it well.

BCH is capable of every use case that Bitcoin Segwit is capable of. Plus many more.

Truth be told, I'm bullish on Bitcoin Segwit too. I'm just much bullishier on Bitcoin Cash.

bullish? how. BCH will be forked into infinity, and because the user base and the real support is much smaller, it will slowly dissipate -there is no history of BCH, even though it copied bitcoins' years old blockchain.

Bitcoin Cash _is_ Bitcoin. It's history extends unbroken back the the genesis block. It diverged from Core's crazy direction in time to be spared from the largest single change ever made to the protocol.

The market movement would suggest that there is plenty of real support.

I will rather go down with the bitcoin ship than into bitcash

Seems foolish, but hey - it's your money.

Satoshi definitely did not intend for anyone to run a centralized attack on his vision of a decentralized financial system. Bitcoin Cash is obviously the direct opposite of his vision, which sought to remove power from centralized institutions that abuse their power. Bitcoin Cash stands for corruption, manipulation and deception.

If you believe otherwise you're either confused, out for profits, or a paid shill.

There's nothing positive about deliberately flooding the Core blockchain to slow it down and increase its fees while simultaneously manipulating the Bitcoin Cash price to trigger FOMO buying from greedy traders that don't even know what the fuck they are trading.

Lightning Network/SegWit "little blockers" are perceived as corporate pigs serving a form of centralization of sorts.. i think that is the issue lol

[Holliday]

Never a dull moment 'round these parts.

[DaRude]

They can pump BCH to sky and above, just keep buying while miners don't sell. But they cannot dump more BTC than they own

[BTCMILLIONAIRE]

They can pump BCH to sky and above, just keep buying while miners don't sell. But they cannot dump more BTC than they own

Only a matter of time until the sandstorm settles.

[DaRude]

They can pump BCH to sky and above, just keep buying while miners don't sell. But they cannot dump more BTC than they own

Only a matter of time until the sandstorm settles.

Bravo, you get a cookie!

[BTCMILLIONAIRE]

They can pump BCH to sky and above, just keep buying while miners don't sell. But they cannot dump more BTC than they own

Only a matter of time until the sandstorm settles.

Bravo, you get a cookie!

Thank you very much, a team of monkeys over at Bitmain worked really hard on mining that one.

[abercrombie]

Bitcoin over 6k...

[somac.]

They can pump BCH to sky and above, just keep buying while miners don't sell. But they cannot dump more BTC than they own

Yep, what they are doing is basically kicking themselves out of BTC. Once they have none left the can't manipulate anymore. What's more they can't pump BCH as effectively either, they better hope that there are other users out there that want BCH. Because to keep the price at these levels is going to require a lot of new money each day.

BTC will be stronger after this, because there will be no more Roger Ver and Co around trying to fuck things up. This is probably the end of BTC being played with by amateurs/early adopters like Ver, the professionals will now move in, for better or worse.

[Rosewater Foundation]

bitcoin isn't a joke. i swear

[WhatsBitcoin]

bitcoin isn't a joke. i swear

SFYL, kid.

[DaRude]

They can pump BCH to sky and above, just keep buying while miners don't sell. But they cannot dump more BTC than they own

Yep, what they are doing is basically kicking themselves out of BTC. Once they have none left the can't manipulate anymore. What's more they can't pump BCH as effectively either, they better hope that there are other users out there that want BCH. Because to keep the price at these levels is going to require a lot of new money each day.

BTC will be stronger after this, because there will be no more Roger Ver and Co around trying to fuck things up. This is probably the end of BTC being played with by amateurs/early adopters like Ver, the professionals will now move in, for better or worse.

There are only 16.5MM BTC out there. Before you attempt to manipulate it, you'll have to gather a good chunk of it. It was easy for early adopters now, it just can't be done without pushing the price into 5 figure territory. And i do agree this is the last bang for Ver, he got to go all in here if he has any chance. Otherwise B2x is canceled and BCH would float into oblivion

Edit: Think of it as much needed distribution. Now if LOADED could RESPONSIBLY dump some of his stash  his wallet scares me, how many island one would need

[har23]

My god... i am scammed by BCH 

[EtihadBitcoin]

Bitcoin over 6k...

https://i.imgur.com/ENqkO5X.jpg

Not anymore.

Flash crash as soon as this guy started live streaming.

It is live of the bitcoin carnage.
https://www.youtube.com/watch?v=kvsdi7fta9Y

The dip on that graph looks like the red knife of death.

Straight dowwwwwn!

[jimmy_007vn]

Imagine if Satoshi comes out, dump all his Bcash to tell the world BTC is the real coins 

[hv_]

uh... Bitcoin Cash is not Bitcoin. It had replay protection so it is it's own chain or coin now, but still an alt. It's like CLAMs.. an alt that gave everyone who held BTC, LTC and DOGE some CLAM. So BCH gave everyone who held BTC some BCH.

Bitcoin.com is not Bitcoin.org.

Doesnt matter. Bitcoin Core is Kodak. So deal with it.

[True Myth]

Bitcoin - Steep growth of value over a period of a couple years with many users all over the world. (People - It is a bubble about to pop!)

Bitcoin Cash - Goes from $300 to $2000 in a few days with barely any users at all. (People - Bitcoin Cash is the future!)

[BTCMILLIONAIRE]

Imagine if Satoshi comes out, dump all his Bcash to tell the world BTC is the real coins 

If only.

[Searing]

my take on BTC dropping in price and hype vs BCH

results:

1) pump and dump....by bitmain Jihan Wu and others drive BCH up to the moon....rake off the $$$ and go into alts or back to BTC with massive pump/dump profits

2) actual control of BTC and BCH becomes the TRUE Bitcoin...miners win/big blockers win and bitcoin core is no more..back before seg witness a complete re-do run by miners

3) split into 2 flavors of BTC  flavor A: BTC which acts as store of value coin.
                                        flavor B: BCH which acts like a currency

  with the result of diluting the brand name and the above combined will be worth no more than $3,000 total...rest has fled to fiat/alts/gold/other

4) consensus: BCH and BTC will get together for a scaling solution and other stuff of a shared power arrangement

I think the most likely outcome is

3) split into 2 flavors


what (3) means to me is.....some other ALT will become the next store of value and btc will just be another alt

the surity of btc being a solid store of value will go away.. reflected in price on both flavors....such store of value will got to other alts

hard to know..but likley a sketchy bet on such...with everyone trying to say we are a store of value.....doubt it wil be believed

thus that resource for crypto has gone poof, for a bit of time at least, till it regroups into another alt (which will be damn hard to choose)


anyway...not sure you can have more than 60% price rise in coin worth in 2 days...someone is cooking the books in their favor on all this

I think it is a play to take over BTC..I also think the play will fail........but if too much damage some other alt will take over BTC's store for value functions and pehaps

have MORE use as a currency as a side retult

looking kinda dire

[yefi]

Looks like institutional investors are going to get cheap BTC. Go figure.
 

[Searing]

Looks like institutional investors are going to get cheap BTC. Go figure.
 

I did nothing with BCH from my BTC...just holding and watching which way the 'mop flops'

imho, value of both chains will be 1/2 of the 7.5k or so BTC was, before this cluster

due to 'brand name' dilution and muddy of the waters of BTC core as the prefered store of value coin

will be a mess imho