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

[Ibian]

The question I guess is... what happens when BCH is profitable again (soon)

Miners switch back over obviously. The real question is what we wanna do about it, if anything.

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[itod]

The question I guess is... what happens when BCH is profitable again (soon)

It's easy to guess - miners switching to it that very second. The only defense against this cancer is not letting it be profitable by dumping every possible BCH back to the bagholders. They can't have enough BTC to defend BCH forever, they have to mine BTC if they want to protect their coin.

[Arriemoller]

good opportunity to buy more. i dont know where the bottom will be so i'm buying 0.05 at every $300 drop

JJ will be proud of you...

That is exactly what you supposed to be doing....     

And were the hell have you been during this shit storm? You alone could have worn all the BCH shillers down with you never ending walls of text.

[ragnar0k]

The question I guess is... what happens when BCH is profitable again (soon)

Miners switch back over obviously. The real question is what we wanna do about it, if anything.

Would have been awesome to hear from some core dev, but so far total silence... This is not going to look great in a possible ETF prospect

It's easy to guess - miners switching to it that very second. The only defense against this cancer is not letting it be profitable by dumping every possible BCH back to the bagholders. They can't have enough BTC to defend BCH forever, they have to mine BTC if they want to protect their coin.

The more BCH raises, the less people will sell I am afraid. That is unless big holders sell their stash but I have seen a lot of fence sitting lately

[becoin]

Good point! The problem I see here is that they are fueled by BTC 'leaks', so we can possibly pay their miners indefinitely with enough weak hands on our side

Nobody in their right mind will invest in altcash shitcoin that is forked every other day. People that buy it are speculators trying to play pump and dumps. They'll be the first to abandon the sinking ship at the first sign that Ver and Wu run out of bitcoins. Slower bitcoin blocks = less bitcoins to sell. Everything is self-regulating and the final outcome will be altcash fiasco.

[qwk]

Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out.  If you don't have inside information, you're at a significant disadvantage when trading.

I take that as a public confession of insider trading.
I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world?
If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks.

[Last of the V8s]

clever old Basil Silbert distributing 172k bch at the Nov 6th price to Grayscale investors tomorrowish
https://www.prnewswire.com/news-releases/bitcoin-investment-trust-provides-update-on-bitcoin-cash-distribution-and-remittance-of-cash-proceeds-300549576.html

[itod]

It's easy to guess - miners switching to it that very second. The only defense against this cancer is not letting it be profitable by dumping every possible BCH back to the bagholders. They can't have enough BTC to defend BCH forever, they have to mine BTC if they want to protect their coin.

The more BCH raises, the less people will sell I am afraid. That is unless big holders sell their stash but I have seen a lot of fence sitting lately

You are wrong about this, it's not necessary that big holders sell their stash to crash them, it's enough that they are left with not enough BTC to defend the current high price of BCH that they have to mine BTC. That's the curse of their position. This is not going to be the game where few big moves decide the outcome, this will be a game of who can endure longer.

[Hyperjacked]

Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out.  If you don't have inside information, you're at a significant disadvantage when trading.

I take that as a public confession of insider trading.
I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world?
If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks.

Really...? We are all crooks because of what one person posted...

[Peter R]

Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out.  If you don't have inside information, you're at a significant disadvantage when trading.

I take that as a public confession of insider trading.
I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world?
If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks.

You mean the CEO of Bitcoin Cash -- Rick Falkvinge -- isn't allowed to trade bitcoin?

Wow, you guys are losing it.  

[Last of the V8s]

Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out.  If you don't have inside information, you're at a significant disadvantage when trading.

I take that as a public confession of insider trading.
I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world?
If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks.

lool. dude you're sporting a bitcoin foundation link and moniker. these crooks learned their trade from you crooks.

[BlindMayorBitcorn]

Oh mercy 

[ragnar0k]

Nobody in their right mind will invest in altcash shitcoin that is forked every other day. People that buy it are speculators trying to play pump and dumps. They'll be the first to abandon the sinking ship at the first sign that Ver and Wu run out of bitcoins. Slower bitcoin blocks = less bitcoins to sell. Everything is self-regulating and the final outcome will be altcash fiasco.

You are wrong about this, it's not necessary that big holders sell their stash to crash them, it's enough that they are left with not enough BTC to defend the current high price of BCH that they have to mine BTC. That's the curse of their position. This is not going to be the game where few big moves decide the outcome, this will be a game of who can endure longer.

Guys I hope you are right with this, hopefully won't be so long and painful!

[Last of the V8s]

Oh mercy 

We live in a political world
Love don’t have any place
We’re living in times where men commit crimes
And crime don’t have a face

[qwk]

You mean the CEO of Bitcoin Cash -- Rick Falkvinge -- isn't allowed to trade bitcoin?

If he trades based on insider information, as you implied, and this can be proven in court, he will go to jail in most countries in the world.
Well, most likely not jail, but a hefty fine

[Last of the V8s]

You mean the CEO of Bitcoin Cash -- Rick Falkvinge -- isn't allowed to trade bitcoin?

If he trades based on insider information, as you implied, and this can be proven in court, he will go to jail in most countries in the world.
Well, most likely not jail, but a hefty fine

dude he's already wanted for murder.
don't think magic internet money much matters

also fuck off statist shill, crook foundation member

[gentlemand]

If he trades based on insider information, as you implied, and this can be proven in court, he will go to jail in most countries in the world.
Well, most likely not jail, but a hefty fine

There are no laws anywhere when it comes to crypto trading as far as I know.

If there were most people on this forum would probably be posting from jail.

[Peter R]

You mean the CEO of Bitcoin Cash -- Rick Falkvinge -- isn't allowed to trade bitcoin?

If he trades based on insider information, as you implied, and this can be proven in court, he will go to jail in most countries in the world.
Well, most likely not jail, but a hefty fine

Maybe start a twitter campaign to jail the CEO of Bitcoin Cash?  


For the record, there is no Bitcoin Cash CEO.  That doesn't even make sense.  How can a blockchain have a CEO? That letter was satire. The people with "inside information" are the miners and the whales battling it out right now.  I have no idea how this mess will play out, which is why I hold both BTC and BCH.

I am leaning towards BCH though.

[BlindMayorBitcorn]

Oh mercy 

We live in a political world
Love don’t have any place
We’re living in times where men commit crimes
And crime don’t have a face

[Arriemoller]

Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out.  If you don't have inside information, you're at a significant disadvantage when trading.

I take that as a public confession of insider trading.
I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world?
If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks.

Actually, insider trading is legal, but you have to report it beforehand.