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Question: What happens first:
$65,000 - 59 (86.8%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336843 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
jojo69
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November 12, 2017, 08:15:14 PM

So what's happening today. Anything interesting?

not really, little flash crash to mid channel

seems to be a lot of chatter about alt coins but meh
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player99
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November 12, 2017, 08:16:37 PM

What a day! Making btc by trading bch. Easiest profit days I ever had in crypto. Go bitcoin go!
Peter R
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November 12, 2017, 08:17:21 PM

The difficulty on BCH has reset upwards, making BTC more profitable to mine.  We should see significant hash power migration shortly, a partial clearing of mempool, and a reduction in transaction fees on the Bitcoin Core chain.  

What I can't figure out is if people will dump more BTC because their coins can now move, or dump more BCH because the miners have left.  
BlindMayorBitcorn
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November 12, 2017, 08:18:22 PM

The difficulty on BCH has reset upwards, making BTC significantly more profitable to mine.  We should see significant hash power migration shortly, a partial clearing of mempool, and a reduction in transaction fees on the Bitcoin Core chain.  

What I can't figure out is if people will dump more BTC because their coins can now move, or dump more BCH because the miners have left.  

Just hold both. Nothing to think about. Innit.
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November 12, 2017, 08:19:15 PM

"Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator."

Perhaps if you could make a cogent case showing how Bitcoin Segwit is in any way more decentralized than Bitcoin Cash, you might have a point. But so far, all I've seen from you or others is mere hand waving.

Actually he has very good point. What you call Bitcoin Segwit can do ALL the things so called Bitcoin Cash can do and a lot more. This is why BCH is dead. It was born dead.


Notice how jbreher the troll doesn't acknowledge that Bitcoin Cash is the ULTIMATE in a 98%+ centralized mining operation, nor ever gives any evidence to the contrary. He doesn't even care that it's a problem. He just deflects, hand-waves, and tries to turn the argument back on the other person.  Roll Eyes He's fkn done this for years, it's his MO.

The set of Bitcoin Cash miners is pretty much identical to the set of Bitcoin Segwit miners.

Though I see you have not yet provided any sort of response to my post. To wit:

Perhaps if you could make a cogent case showing how Bitcoin Segwit is in any way more decentralized than Bitcoin Cash, you might have a point. But so far, all I've seen from you or others is mere hand waving.
BlindMayorBitcorn
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November 12, 2017, 08:20:15 PM

How about nodes? Does BCH actually have any that aren't Bitmain?
Torque
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November 12, 2017, 08:20:55 PM

Oh look it's Peter "I'ma pretend to be an agnostic fence sitter even though I'm a big blocker shill" R. again.  Roll Eyes
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November 12, 2017, 08:22:09 PM

"Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator."

Perhaps if you could make a cogent case showing how Bitcoin Segwit is in any way more decentralized than Bitcoin Cash, you might have a point. But so far, all I've seen from you or others is mere hand waving.

Actually he has very good point. What you call Bitcoin Segwit can do ALL the things so called Bitcoin Cash can do and a lot more. This is why BCH is dead. It was born dead.


Notice how jbreher the troll doesn't acknowledge that Bitcoin Cash is the ULTIMATE in a 98%+ centralized mining operation, nor ever gives any evidence to the contrary. He doesn't even care that it's a problem. He just deflects, hand-waves, and tries to turn the argument back on the other person.  Roll Eyes He's fkn done this for years, it's his MO.

The set of Bitcoin Cash miners is pretty much identical to the set of Bitcoin Segwit miners.

Though I see you have not yet provided any sort of response to my post. To wit:

Perhaps if you could make a cogent case showing how Bitcoin Segwit is in any way more decentralized than Bitcoin Cash, you might have a point. But so far, all I've seen from you or others is mere hand waving.
And you have not provided any sort of response to my post. The latest one, as well as in general. Let's try again.

Do you have anything other than ideology to back your support of clonecoin?
conspirosphere.tk
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November 12, 2017, 08:23:03 PM

In other words: 3rd world, go f*** yourself.

Not at all, given that Zimbabweans can afford to pay double for BTC. Maybe in Venezuela there is some premium too.
If all that matters about BTC for you is +/- a few bucks in tx fees it's just your problem. Maybe go with some fork and you will find that fees are not everything.
Peter R
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November 12, 2017, 08:23:21 PM

I'm not a fence sitter.  I think I've made it clear that I want to see lower fees, reliable confirmations, and to help spread bitcoin all across the world.

The only thing I'm fence sitting on is whether the next move for the BTC/BCH ratio is up or down.
Last of the V8s
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November 12, 2017, 08:24:02 PM

The difficulty on BCH has reset upwards, making BTC more profitable to mine.  We should see significant hash power migration shortly, a partial clearing of mempool, and a reduction in transaction fees on the Bitcoin Core chain.  

What I can't figure out is if people will dump more BTC because their coins can now move, or dump more BCH because the miners have left.  
Peter R
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November 12, 2017, 08:24:48 PM

How about nodes? Does BCH actually have any that aren't Bitmain?

Yes.  In fact, you can download your own Bitcoin Cash node today:

https://www.bitcoinunlimited.info/download
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November 12, 2017, 08:25:23 PM

The difficulty on BCH has reset upwards, making BTC more profitable to mine.  We should see significant hash power migration shortly, a partial clearing of mempool, and a reduction in transaction fees on the Bitcoin Core chain.  

What I can't figure out is if people will dump more BTC because their coins can now move, or dump more BCH because the miners have left.  
Give me a break. Don't act innocent nor neutral because you are neither. Roger Ver is responsible for about >90% of the price movement on Bitcoin Scam aka Bitcoin Cash.

How about nodes? Does BCH actually have any that aren't Bitmain?
Yes. 
More clarifying: There is almost zero non-shill, non AWS, support of BCH.
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November 12, 2017, 08:25:52 PM


The set of Bitcoin Cash miners is pretty much identical to the set of Bitcoin Segwit miners.

Though I see you have not yet provided any sort of response to my post. To wit:

Perhaps if you could make a cogent case showing how Bitcoin Segwit is in any way more decentralized than Bitcoin Cash, you might have a point. But so far, all I've seen from you or others is mere hand waving.
You serious bro?
How about a letter from the CEO (how decentralized). They carefully removed it from the website, but google cache is still helpful
https://webcache.googleusercontent.com/search?q=cache:73C-unKBSVUJ:https://www.bitcoincash.org/letter-from-the-ceo.pdf+&cd=1&hl=en&ct=clnk&gl=uk
Peter R
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November 12, 2017, 08:27:57 PM

Guys, this is the speculation sub forum.  I can speculate that BCH might go down in the near term while simultaneously being a big block supporter.

Don't let your ideology cloud your trading judgement.
 
Ibian
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November 12, 2017, 08:28:11 PM


The set of Bitcoin Cash miners is pretty much identical to the set of Bitcoin Segwit miners.

Though I see you have not yet provided any sort of response to my post. To wit:

Perhaps if you could make a cogent case showing how Bitcoin Segwit is in any way more decentralized than Bitcoin Cash, you might have a point. But so far, all I've seen from you or others is mere hand waving.
You serious bro?
How about a letter from the CEO (how decentralized). They carefully removed it from the website, but google cache is still helpful
https://webcache.googleusercontent.com/search?q=cache:73C-unKBSVUJ:https://www.bitcoincash.org/letter-from-the-ceo.pdf+&cd=1&hl=en&ct=clnk&gl=uk

He knows. He is not arguing in good faith. It is not useful to act as if he is.
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November 12, 2017, 08:28:38 PM


The set of Bitcoin Cash miners is pretty much identical to the set of Bitcoin Segwit miners.

Though I see you have not yet provided any sort of response to my post. To wit:

Perhaps if you could make a cogent case showing how Bitcoin Segwit is in any way more decentralized than Bitcoin Cash, you might have a point. But so far, all I've seen from you or others is mere hand waving.
You serious bro?
How about a letter from the CEO (how decentralized). They carefully removed it from the website, but google cache is still helpful
https://webcache.googleusercontent.com/search?q=cache:73C-unKBSVUJ:https://www.bitcoincash.org/letter-from-the-ceo.pdf+&cd=1&hl=en&ct=clnk&gl=uk


Don't bother ragnar0k. JBreher will just hand-wave those ramblings of their CEO madman away as unimportant and ignore you.
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November 12, 2017, 08:31:31 PM

I can speculate that BCH might go down in the near term while simultaneously being a big block supporter.
You can simultaneously pretend to be an expert while being a con artist. Yes, we are well aware of that. Smiley

Don't bother ragnar0k. JBreher will just hand-wave those ramblings of their CEO madman away as unimportant and ignore you.
They need an updated whitepaper,  "A CEO-to-Peer Electronic Cash System".
doc12
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November 12, 2017, 08:32:01 PM

How about nodes? Does BCH actually have any that aren't Bitmain?

Yes.  In fact, you can download your own Bitcoin Cash node today:

https://www.bitcoinunlimited.info/download

Really? And I thought BCH is a private centralized shitcoin chain, mined by one entity most, with no real devs and promoted by fraudsters like Ver and FakeSatoshi. Oh wait...
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November 12, 2017, 08:32:57 PM

If you drank the Blockstream/Core koolaid and dumped your BCH, you can buy them back at 4 BCH per BTC. 

Remember, if you're holding BTC and BCH in equal proportion, you'll come out fine whether Bitcoin Core or Bitcoin Cash wins in the end.


keep repeating this stupid line. i'm sure someone will buy it. shill

I'm disheartened that many people will unnecessarily risk money when the don't have to.  If you don't have inside information, hold both coins and let the whales battle it out.

I say this because I'm passionate about bitcoin and passionate about growing it into better money that all of the people of the world can use.  In fact, in partnership with the University of British Columbia and Bitcoin Unlimited, we have a global testnet where we're propagating gigabyte blocks on consumer-grade hardware.  But you wouldn't hear about that because it is censored from Reddit and censored from here as well. 



If people are interested in the truth of how hugely scalable Bitcoin actually is, here's the video from Scaling Bitcoin Stanford where Andrew and I present our research. 

https://www.youtube.com/watch?time_continue=3990&v=LDF8bOEqXt4

Click soon because Lauda will remove this post shortly, as it is hurtful to Blockstream's business model. 

Thx Peter.

I wonder if this is still here...?

 Wink
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