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

[HairyMaclairy]

YESSSS
$$$$
20k at Christmas
25k after Hard Fork dec/28

Why would someone choose to do a fork precisely at the Day of the Holy Innocents?? More fuel to the already big shitshow.

On second thought I think that in USA its (4) April's fools day, isn't?

It’s all part of the Big Xmas FUD party.  All the whales are going, are you?

[Rosewater Foundation]

The EDA worked exactly as intended, allowing Bcash to be pre-mined under everyone’s noses.  

No. The commonly accepted definition for 'premine' includes exclusive access to mining by permissioned parties only. The Bitcoin Cash mining was always completely open.

Why don't you shill for bglod for a while. Do us all a solid.

Before Bglod launched, I announced thusly:

'and Bitcoin Gold can just fuck off'.

For all your fancy talk...You really have nothing to say.

[gentlemand]

[
I had a problem with Bitpay yesterday. Client paid 0.0014 fee (approx $25) and the transaction was broadcast within 5 minutes of the Bitpay invoice (proven by time stamps) - it confirmed with one confirmation within 1.5 hours but Bitpay say payment window expired. They say he can get a refund but he’s not happy because it was a valid transaction and he paid a high fee to send it.

I dunno what the fuck they're playing at these days. If they're not actively malicious, which they are, they're actively unhelpful.

[Torque]

Bitcoin gets spammed by the Ver/Wu cartel to make it seem that the network is congested and slow, and needs a block size upgrade.

The BCash camp calls it a conspiracy theory. Because no one would ever consciously do such a thing right?

Orly?

http://www.businessinsider.com/apple-battery-throttling-gives-customers-reason-to-distrust-2017-12

[bitserve]

[
I had a problem with Bitpay yesterday. Client paid 0.0014 fee (approx $25) and the transaction was broadcast within 5 minutes of the Bitpay invoice (proven by time stamps) - it confirmed with one confirmation within 1.5 hours but Bitpay say payment window expired. They say he can get a refund but he’s not happy because it was a valid transaction and he paid a high fee to send it.

I dunno what the fuck they're playing at these days. If they're not actively malicious, which they are, they're actively unhelpful.

Either they are actively shilling for BCH because of... reasons... or they are trying to make some pressure on the Bitcoin scaling issue... which is a dangerous move too.

I can understand that Bitpay business is being SEVERELY impacted by the current situation so maybe they are just acting desperately.

[flynn]

Bitcoin gets spammed by the Ver/Wu cartel to make it seem that the network is congested and slow, and needs a block size upgrade.

The BCash camp calls it a conspiracy theory. Because no one would ever consciously do such a thing right?

Orly?

http://www.businessinsider.com/apple-battery-throttling-gives-customers-reason-to-distrust-2017-12

What ? BCash is Apple ?

[BitcoinBunny]

Bitcoin gets spammed by the Ver/Wu cartel to make it seem that the network is congested and slow, and needs a block size upgrade.

The BCash camp calls it a conspiracy theory. Because no one would ever consciously do such a thing right?

Orly?

http://www.businessinsider.com/apple-battery-throttling-gives-customers-reason-to-distrust-2017-12

What ? BCash is Apple ?

More like Bitcoin is Steve Jobs and BCash is Tim Crook.

[AlcoHoDL]

I've been reading in posts a few pages back, about people being afraid to flash a new f/w on their TREZOR and worrying about whether it will succeed or not, etc. I'm sorry to say that those who say this, appear to have a lack of understanding of how TREZOR, Ledger, and most other h/w wallets work...

If you have your Recovery Seed safely stored and accessible, there's absolutely no need to worry about TREZOR, Ledger, or any other piece of h/w. You can smash it with a hammer, you can burn it in a fire, you can toss it out the window, and your coins are still yours and fully accessible.

You can even use TREZOR's seed on a Ledger and it will work, and you will see your coins (which you think are stored deep inside the TREZOR) on the Ledger's screen! And vice versa! You can even write your own code (if you are a programmer) to decode the seed and turn it into the private keys needed to access your coins. Or use Mycelium's seed on a TREZOR, and the TREZOR will suddenly "see" all your Mycelium transactions! Magic? No, just standardization!

Speaking of f/w updates, what should worry us is not data corruption or failure to update, or bricking the h/w, but installing a tampered/hacked f/w version. I think there are reasonable measures that can be taken to avoid such an incident occurring, such as to always visit the manufacturer's site for updates, and check the site's authenticity.

TL;DR: Your coins = your private keys = your recovery seed. Just keep it safe and accessible, and never online. That's all you need to do. The TREZOR/Ledger h/w wallets are just a convenience for you to easily manage your coins. Erasing or destroying them will not affect your coins, provided you have the seed.

[flynn]

. You can smash it with a hammer, you can burn it in a fire,

Well, I must say that it will not work very well after that.

[AlcoHoDL]

. You can smash it with a hammer, you can burn it in a fire,

Well, I must say that it will not work very well after that.

Sure, but your coins are perfectly safe!

[Torque]

A deep pocket bull just put some money down:

https://www.wsj.com/articles/a-million-dollar-bet-that-bitcoin-will-hit-50-000-1513809578?mod=e2tw

[bitserve]

A deep pocket bull just put some money down:

https://www.wsj.com/articles/a-million-dollar-bet-that-bitcoin-will-hit-50-000-1513809578?mod=e2tw

Respect!

[AlcoHoDL]

A deep pocket bull just put some money down:

https://www.wsj.com/articles/a-million-dollar-bet-that-bitcoin-will-hit-50-000-1513809578?mod=e2tw

Considering that this year we had a gain of more than 15x, reaching $50k is a mere 3x gain for next year. Quite a conservative estimate. Perhaps even $100k could be possible, if nothing seriously negative happens...

[BitcoinBunny]

A deep pocket bull just put some money down:

https://www.wsj.com/articles/a-million-dollar-bet-that-bitcoin-will-hit-50-000-1513809578?mod=e2tw

Considering that this year we had a gain of more than 15x, reaching $50k is a mere 3x gain for next year. Quite a conservative estimate. Perhaps even $100k could be possible, if nothing seriously negative happens...

Vercoin, Wucoin, Vercoin 2.0. Bitcoin Cashless

[Rosewater Foundation]

A deep pocket bull just put some money down:

https://www.wsj.com/articles/a-million-dollar-bet-that-bitcoin-will-hit-50-000-1513809578?mod=e2tw

Considering that this year we had a gain of more than 15x, reaching $50k is a mere 3x gain for next year. Quite a conservative estimate. Perhaps even $100k could be possible, if nothing seriously negative happens...

Vercoin, Wucoin, Vercoin 2.0. Bitcoin Cashless

CNBC going full RogerDollars is seriously negative.

[flynn]

A deep pocket bull just put some money down:

https://www.wsj.com/articles/a-million-dollar-bet-that-bitcoin-will-hit-50-000-1513809578?mod=e2tw

Hmmm

Maybe he is hedging his short positions ?

[Torque]

A deep pocket bull just put some money down:

https://www.wsj.com/articles/a-million-dollar-bet-that-bitcoin-will-hit-50-000-1513809578?mod=e2tw

Hmmm

Maybe he is hedging his short positions ?

This is interesting...

LedgerX Chief Executive Paul Chou declined to identify who was behind the big call-options play, citing regulatory restrictions. But the scale of the purchasing reflects the mounting interest of hedge funds and other big financial firms in cryptocurrencies, he said.

“Without a doubt, there are institutions out there that are looking at these types of trades or have done these types of trades,” Mr. Chou said. “It’s not an individual, let’s put it that way.”

[BitcoinBunny]

Ripple may overtake BCash for markertcap if its surge continues.

[alexeft]

A deep pocket bull just put some money down:

https://www.wsj.com/articles/a-million-dollar-bet-that-bitcoin-will-hit-50-000-1513809578?mod=e2tw

Hmmm

Maybe he is hedging his short positions ?

This is interesting...

LedgerX Chief Executive Paul Chou declined to identify who was behind the big call-options play, citing regulatory restrictions. But the scale of the purchasing reflects the mounting interest of hedge funds and other big financial firms in cryptocurrencies, he said.

“Without a doubt, there are institutions out there that are looking at these types of trades or have done these types of trades,” Mr. Chou said. “It’s not an individual, let’s put it that way.”

Ok, let's say that the moon is a very close target. The asteroid belt sounds more like it! 

[Meuh6879]

Fees are calculated per byte not per transaction so a miner is notionally indifferent to mining 5 normal or 10 Segwit transactions.  In reality I suspect that miners are anti-Segwit because less congestion would be less fees.  

And for now, it's OK for Bitcoin network rules : https://bitcoincore.org/en/2016/10/27/segwit-upgrade-guide/

The segwit soft fork has also been designed to be both backwards and forwards compatible with all commonly-used wallets, so wallet developers and users can also independently decide whether they want to adopt segwit or continue making transactions without segregated witnesses.

We can fix that.
Users (full nodes) must enforce segwit transactions.