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

[HairyMaclairy]

There’s too much money in mining for Bitmain to hold their monopoly position. It will be broken soon enough.  

[bones261]

Fine, let them do so at their cost then. It's an inherent problem with good things in life, that they are going to get spammed to death if there is no price.
Let there be price then! One of the best antispam filters.

Well, it's not really to their cost as they probably control more than 50% of the hash rate so they collect their own fees. Even if they miss them, they've driven fees up so high that they collect more in general anyway. It's a very neat and nauseating loop.

If they did control more than 50% of the hashing power, they would do a 50% attack, like undoing blocks and whatnot. Most mining machines being sold by bitmain, doesn't mean that they control them as well.

Bitmain definitely does have the capacity to gather more than 50% of the hash power, if they so desired. However, for them to invoke a 50% attack would be killing their goose that lays golden eggs. One may argue that they would  invoke the attack to bolster BCH. However, it is quite clear from Jihan Wu's recent tweets is that he wants to keep his hands in both the BTC and BCH till.

[alexeft]

The two still don't make 50%. And bitmain has lost it's advantage due to the bug that bitcoin had. Let's see how that unfolds.

Don't go forgetting ViaBTC and Bitcoin.com too. If they're not Bitmain owned, they are proxies.

Proof?

[gentlemand]

Proof?

https://www.ccn.com/bitmain-funded-mining-pool-viabtc-launches-bitcoin-ethereum-exchange/

Bitmain is the primary investor in VaiBTC. The Bitcoin.com pool is owned by Mr.Ver who is hand in hand with Bitmain's plans. It's not exactly Watergate levels of conspiracy.

[alexeft]

Fine, let them do so at their cost then. It's an inherent problem with good things in life, that they are going to get spammed to death if there is no price.
Let there be price then! One of the best antispam filters.

Well, it's not really to their cost as they probably control more than 50% of the hash rate so they collect their own fees. Even if they miss them, they've driven fees up so high that they collect more in general anyway. It's a very neat and nauseating loop.

If they did control more than 50% of the hashing power, they would do a 50% attack, like undoing blocks and whatnot. Most mining machines being sold by bitmain, doesn't mean that they control them as well.

Bitmain definitely does have the capacity to gather more than 50% of the hash power, if they so desired. However, for them to invoke a 50% attack would be killing their goose that lays golden eggs. One may argue that they would  invoke the attack to bolster BCH. However, it is quite clear from Jihan Wu's recent tweets is that he wants to keep his hands in both the BTC and BCH till.

Obviously he's lost his "advantage" and at lest wants to keep his money!!! What's new?

[alexeft]

Proof?

https://www.ccn.com/bitmain-funded-mining-pool-viabtc-launches-bitcoin-ethereum-exchange/

Bitmain is the primary investor in VaiBTC. The Bitcoin.com pool is owned by Mr.Ver who is hand in hand with Bitmain's plans. It's not exactly Watergate levels of conspiracy.

Still, even if that is true, they don't want to kill the goose that lays the golden eggs. It's better for them to just admit that they haven't been so smart. At least admit it to themselves.

[gentlemand]

Still, even if that is true, they don't want to kill the goose that lays the golden eggs. It's better for them to just admit that they haven't been so smart. At least admit it to themselves.

They want to drive everyone to Bcash. It's not going to work but they'll give it a whirl. If that fails they still have a stranglehold over BTC. If it works then they own BCH lock stock and barrel.

[alexeft]

Talking about spam, let's not forget that all exchanges have been fighting with heavy traffic (new users etc). That is not spam. That is just hitting the limit.

[elg]

Guys... subject of this thread is "Wall Observer BTC/USD - Bitcoin price movement tracking & discussion"

[alexeft]

Still, even if that is true, they don't want to kill the goose that lays the golden eggs. It's better for them to just admit that they haven't been so smart. At least admit it to themselves.

They want to drive everyone to Bcash. It's not going to work but they'll give it a whirl. If that fails they still have a stranglehold over BTC. If it works then they own BCH lock stock and barrel.

If they have it and it works, they stand to lose a lot! Like really really a lot! Again, why kill the goose that lays the golden eggs?

[Raja_MBZ]

Alright, so it's clear that bitcoins future trading at CME will be rolling out in approximately 3 hours and 5 minutes from now. Things are going to get interesting, I don't know why but I'm sensing $22k-$25k within first couple of hours. CBOE is nothing like CME, CME has a much larger volume than CBOE. So we can go more wilder than before.

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html

[HanvanBitcoin]

Bought the dip  

[alexeft]

Guys... subject of this thread is "Wall Observer BTC/USD - Bitcoin price movement tracking & discussion"

Of course! And.........................we are getting pooper!  

[realr0ach]

They want to drive everyone to Bcash. It's not going to work but they'll give it a whirl. If that fails they still have a stranglehold over BTC. If it works then they own BCH lock stock and barrel.

The Chinese do not give a shit about anything besides pumping and dumping for profit.  Attempting to nullify the currently higher value chain and forcing people to buy the lower value chain while they front run the market and buy up the low value coins beforehand is about as good of a pump and dump as you can get.  (This is not an endorsement of either chain as both chains are completely centralized and valueless with no fundamentals)

[savetherainforest]

Bought the dip  

Respect!

[alexeft]

BTW, I can't wait to see the new altcoin inventor that will mine it till it stands on its feet and then just "move on to other things"! Come on people! Who has the balls?  

[realr0ach]

Anyone remember when UN troops on the streets of the US was called a conspiracy theory?  Here's the trial balloon for international bankers using foreign armies to prevent their regime in America from being overthrown when the economy blows up:

https://www.intellihub.com/chicago-commissioner-requests-u-n-troops-patrol-fight-violent-crime-genocide-on-the-streets/

Probably why they've been going balls to the wall trying to ban guns lately, because the US population has enough guns to easily defeat the foreign troops.

[infofront]

The crowd wins again. The $18,000-$20,000 price range was the #1 most picked choice in the poll.
Now being reset.

[Hawkix]

Alright, so it's clear that bitcoins future trading at CME will be rolling out in approximately 3 hours and 5 minutes from now. Things are going to get interesting, I don't know why but I'm sensing $22k-$25k within first couple of hours. CBOE is nothing like CME, CME has a much larger volume than CBOE. So we can go more wilder than before.

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html

I read that message as they say TODAY that trading will start TOMORROW.

[gentlemand]

Talking about spam, let's not forget that all exchanges have been fighting with heavy traffic (new users etc). That is not spam. That is just hitting the limit.

Yes. It's quite possible that this time around it's pure demand. It certainly wasn't in the past.