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

[monsanto]

Only one last thing: seeing the majority of the hashrate flowing to BCH has been a very hard thing to accept. There are no such thing as loyal miners here. We have to rethink many things.

Of course, there is no such thing as loyal miner. That is exactly how they are supposed to behave. They must act in their own selfish interest and maximize their profits. Switching hash power to BCH can hurt bitcoin temporarily but is killing bcash permanently. BCH fanboys now understand their tragedy. BTC and BCH can't coexist in parallel because BCH doesn't give to users anything that BTC doesn't!

BTC actually has significant advantages over Bitcoin Cash, even if it has higher fees and transaction times, simply because it's the common denominator for literally every altcoin.

Yup, as long as btc controls the important base pairs there ain't really a flippening ever going to happen. Which is ironic given the hatred thrown at alts in some of these parts. It's why eth was never really as close as its market cap was. Things are a little different with bch though since it'd be easier to clone trading pairs on an exchange and offer both.    

[JimboToronto]

Good morning Bitcoinland.

https://www.youtube.com/watch?v=4--z677590k

I see we're back up over $6.5k... currently $6520USD$8313CAD (Bitcoinaverage).

Amazingly Altcash is somehow still clinging to quadruple digits at $1235USD/$1659CAD (Coinmarketcap).

Now we all have AltGold too? Lawl.
____

Edit:

Damn. I should have checked the price again before posting. It dropped below $6.5k while I was typing.

Can't bitch though. As long as the total of my Bitcoin and all my giftcoins is over $10kCAD, I'm happy.

[ragnar0k]

Good article from ZH about BCH de-escalation 
http://www.zerohedge.com/news/2017-11-13/bitcoin-soars-erases-weekend-losses-cash-gets-cut-half

Glad the article also mentions Vitalik - would never bet on a coin where the main dev says thank you after being overtaken, this is not the olympics...

[BTCMILLIONAIRE]

Only one last thing: seeing the majority of the hashrate flowing to BCH has been a very hard thing to accept. There are no such thing as loyal miners here. We have to rethink many things.

Of course, there is no such thing as loyal miner. That is exactly how they are supposed to behave. They must act in their own selfish interest and maximize their profits. Switching hash power to BCH can hurt bitcoin temporarily but is killing bcash permanently. BCH fanboys now understand their tragedy. BTC and BCH can't coexist in parallel because BCH doesn't give to users anything that BTC doesn't!

BTC actually has significant advantages over Bitcoin Cash, even if it has higher fees and transaction times, simply because it's the common denominator for literally every altcoin.

Yup, as long as btc controls the important base pairs there ain't really a flippening ever going to happen. Which is ironic given the hatred thrown at alts in some of these parts. It's why eth was never really as close as its market cap was. Things are a little different with bch though since it'd be easier to clone trading pairs on an exchange and offer both.    

I love the potential that alts hold. Sure, there are tons of shitcoins and outright scams. But altcoins will almost certainly replace the stock market one day.

[fabiorem]

BTG released their wallet, but Bittrex still not accepting it.

[fluidjax]

Fucking RogerBucks. Have been waiting for over 3 hours now for the last block to confirm so I can dump my partners BCH on Kraken.

Working as intended my, supple and firm gay-ass...

Yes, I got the same problem, fork is after 7pm tonight (not sure exactly when), so perhaps blocks will go back to 10mins then,

[BitcoinNewsMagazine]

If I have BCH in a wallet whats the quickest way to convert to to BTC or GBP?

Is there a localbitcoins style site for BCH yet?

Try hitbtc.com or shapeshift.io

Stay away from hitbtc.com they may be selective scamming.

[Torque]

I love the potential that alts hold. Sure, there are tons of shitcoins and outright scams. But altcoins will almost certainly replace the stock market one day.

They have to replace penny stocks first. Which is already happening. Scammers have moved on from penny stock companies that aren't worth shit and have no assets or earnings, to altcoins and ico tokens that aren't worth shit have no assets or earnings.   Easy peezy lemon squeezy

[Ibian]

Paid 6$ transaction fee and after 3 days .. 0 confirmations . Bullish.

What is the tx id?

I'm still waiting to look into your complaint, trolley!

He might be, but it is entirely plausible. Yesterday the fee was ten bucks a pop, and 15 for priority transfers.

[julian071]

Weird €60 spread @Kraken

Edit: aaand it's gone. Lasted way to long tho. Maybe htere's some bread stuck in the toaster or something.

[Last of the V8s]

@JihanWu 20 minutes ago
Last minute warning to exchanges: please stop withdraw of BCH while the HF upgrade.

such altcoin very decentralize wow
@barrysilbert Aug 3
Wait, Bitcoin Cash is being renamed BCash? Did G-Money not even make the finals? Or how about RitzyBits?

[pfrtlpfmpf]

I registered at Kraken with all bells and whistles, but since every order takes longer than crypto, i´m gone.
A shame, because i intended them as a cashout portal. Alternatives ?
 (i love bitstamp, but don´t want to rely solely on them)

[BTCMILLIONAIRE]

I registered at Kraken with all bells and whistles, but since every order takes longer than crypto, i´m gone.
A shame, because i intended them as a cashout portal. Alternatives ?
 (i love bitstamp, but don´t want to rely solely on them)

How long orders take to fill depends on what prices you pick. Don't see how any other exchange would make much of a difference given Kraken's volume.

[Torque]

Good article from ZH about BCH de-escalation 
http://www.zerohedge.com/news/2017-11-13/bitcoin-soars-erases-weekend-losses-cash-gets-cut-half

Glad the article also mentions Vitalik - would never bet on a coin where the main dev says thank you after being overtaken, this is not the olympics...

Don't know why those fools are high-fiving and congrat-zing each other. You still can't spend BCH or ETH anywhere. But to them I guess the "currency" part (merchant adoption) is irrelevant.

[Last of the V8s]

@JihanWu
All Bitcoin Cash fans should be brave to tell the truth to the world and friends, when dragon's den coordinated another social engineering attack

https://twitter.com/JihanWu/status/929746144372047872

Dafuq is this bullshit! The old switcharoo....You and Verr should see a jail cell in the future, pair of greedy thieving bastards, stole bitcoin brand name... Stole users money. It's coming, you'll pay for what happened this weekend

[WhatsBitcoin]

@Jihan Wu‏
I urge Bitcoin Core to adopt a base block size increase on Bitcoin, and they should do it as soon as possible.

https://twitter.com/JihanWu/status/930132441519362048

Urge your mother if you want to urge.


shit never gets old

[yefi]

I can't do that because of privacy reasons, I admit I may set the fee a little lower than average but last time a made few transactions half a year ago it was confirmed in few hours in worst case.

If it's gone that long without confirming now, you'll probably have to rebroadcast. Also, if you mark transactions as RBF, you have the option to bump up fees during congestion.

[WhatsBitcoin]

I can't do that because of privacy reasons, I admit I may set the fee a little lower than average but last time a made few transactions half a year ago it was confirmed in few hours in worst case.

If it's gone that long without confirming now, you'll probably have to rebroadcast. Also, if you mark transactions as RBF, you have the option to bumb up fees during congestion.

cheap bastard

[Coinnosaurus]

I can't do that because of privacy reasons, I admit I may set the fee a little lower than average but last time a made few transactions half a year ago it was confirmed in few hours in worst case.

If it's gone that long without confirming now, you'll probably have to rebroadcast. Also, if you mark transactions as RBF, you have the option to bumb up fees during congestion.

cheap bastard

I just don't like to share my precious BTC with anybody )) .. like any other holder, as I said it wasn't a problem few months ago

I can't do that because of privacy reasons, I admit I may set the fee a little lower than average but last time a made few transactions half a year ago it was confirmed in few hours in worst case.

If it's gone that long without confirming now, you'll probably have to rebroadcast. Also, if you mark transactions as RBF, you have the option to bumb up fees during congestion.

I tried to do this using blockchain and blockcipher and it says that transaction already exists

[Torque]

I can't do that because of privacy reasons, I admit I may set the fee a little lower than average but last time a made few transactions half a year ago it was confirmed in few hours in worst case.

If it's gone that long without confirming now, you'll probably have to rebroadcast. Also, if you mark transactions as RBF, you have the option to bumb up fees during congestion.

cheap bastard

I'm shocked that anyone would even try to do transactions over the weekend or even right now. Just let the backlog clear out another day or two, and fees will drop back to normal and confirmations will go through quicker.