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

[BlindMayorBitcorn]

[AZwarel]

That made me 

[jojo69]

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

[player99]

What a day! Making btc by trading bch. Easiest profit days I ever had in crypto. Go bitcoin go!

[Peter R]

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]

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.

[jbreher]

"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.   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]

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

[Torque]

Oh look it's Peter "I'ma pretend to be an agnostic fence sitter even though I'm a big blocker shill" R. again.  

[Ibian]

"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.   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]

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]

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]

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]

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

[Lauda]

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.

[ragnar0k]

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]

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]

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.

[Torque]

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.

[Lauda]

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.

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".