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

[Elwar]

Lawsuit is being organized versus Bitcoin.com for misleading novice Bitcoin users

https://walletinvestor.com/magazine/lawsuit-is-being-organized-versus-bitcoin-com-for-misleading-novice-bitcoin-users/

Even though the idea seems appealing, I don't think that there are very many viable lawsuits that could be filed, unless you could get bcash classified as a security with the SEC, then perhaps some of those SEC related obligations could apply.  

Otherwise, what would be the grounds of such lawsuit against bitcoin.com.. portraying itself as coke when it is really pepsi?  I might get more excited once I see some legal document that is filed, and see what is being alleged.  or otherwise, if someone knows about a decently solid set of allegations that might have some teeth for either damages or injunctive relief, I would be interested to hear those... otherwise such lawsuit, if it were filed, would likely go no where, right?

The lawsuit can only be successful if it's proven that someone lost money due to his deception.

How many people have actually been fooled? Out of those, how many of them lost money? If there were any people dumb enough to have been fooled into bcash, and lost money on it, they're probably not even going to hear about this lawsuit.

Even if the lawyers manage to sign up people who were stupid enough to buy bcash, and realize losses, it's not over yet. Roger's [highly paid] attorneys would stand a very good chance of being able to convince some ignorant judge that Bitcoin Judas is entitled to use the Bitcoin name for his fork.

TLDR: The lawsuit is going nowhere.

Part of my earlier point was that people being fooled is not enough for a valid cause of action..... even for basic common law fraud type allegations - there is a principle of buyer beware in common law... (aka caveat emptor).  Further bitcoin is not trademarked nor copyrighted nor patented, so using the name and saying that you are the real bitcoin is likely not enough, either... There would have to be a showing of intentional and malicious knowing deception - and that might not even be enough without using securities law - and Bcash would have to be deemed a security (which does not create a private cause of action, anyhow, as far as I know (meaning that the SEC is the only agency empowered to bring such a claim)).

Roger lives in Japan, they need to follow Japanese laws with a good lawyer, the more you pay the better they get. Making a statement and getting more media exposure to people about Bcash scam.

If n00bs going to bitcoin.com are buying an alt coin that is being presented as bitcoin and then they try to go spend their "bitcoins" they will find that they actually have some other coin that doesn't do what bitcoins actually do. This is where they are being scammed.

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[JayJuanGee]

JJG:  many countries have consumer protection legislation.   It doesn’t need to be securities fraud for someone to go to jail.  Ordinary, everyday fraud works too.  

And it doesn’t matter if Roger is in Japan if his marketing efforts are directed at locals.

O.k.  I don't want to be a naysayer on the fraud claims of bcash topic , so in that regard, I will look forward to seeing what causes of actions are filed / claimed and if any of them appear to have any potential remedy teeth (or if some other actions are taken, besides lawsuits that might allow for meaningful recourse(s)).

[Toxic2040]

About that second chart, don't you think that there could be one or two bigger rebounds before hitting the 10,5-11? I've seen a lot of people in TradeView saying that some big players could benefit from a dump to 8k to recharge their wallets and pump straight up to 14k.

I mean, today's correction was expected by most members I've managed to read through here in the forum (not the prices exactly, but several dudes were feeling uneasy about the ultra bullish uptrend that followed after the 8k break), wouldn't a similar feeling hit the market if we did manage to break 10k in a rush?

Just changing the perspective tells a subtly different story no? I thought we would be closer to $10k by now and to have already tested resistance there. Since that is not the case what I have indicated on this chart might take longer to play out. Please keep in mind I did this regression over a week ago, so while it seems to be aging fairly well, things are dynamic. I think there is a extremely small chance that we would not stop in a few well defined resistance zones once $10k is breached and turns towards support. #dyor

[Fatman3001]

the rocket


is lunched

yah, for real

[LFC_Bitcoin]

Isn’t it about time that BCH died by now?
How much longer wilo they continue to flog this dead horse?

I’m greatful for the free money (which I transferred into bitcoin) but come on, enough is enough.

[Rosewater Foundation]

Cryptocurrency miners seek cheap energy in Norway
https://www.reuters.com/article/us-crypto-currencies-nordics-energy/cryptocurrency-miners-seek-cheap-energy-in-norway-and-sweden-idUSKBN1HH13L

[Globb0]

On another note... I have always wondered if there are a lot of professional graphic designers on this thread or if it is just a (very devoted) hobby for some.

I have about 60 years of computer graphical design experience.

That's why I can draw graphs like this:

___/

[Fatman3001]

Isn’t it about time that BCH died by now?
How much longer wilo they continue to flog this dead horse?

I’m greatful for the free money (which I transferred into bitcoin) but come on, enough is enough.

Be careful what you wish for.

it's an alt based on Bitcoin so I for one both hope and believe it will stay secure, alive and kicking.

I don't want any dead canaries.

[Globb0]

I predict at least 50K Before end of this year and 20K in less than 2 months from now.

Of course you do.

I wonder what the hyperbulls will do once (if) bitcoin actually reaches its target of $1M/etc? Like they will have no purpose anymore and go into some kind of depression.

This is actually a good question. At which price point will HODLers get bored and just leave this thread forever, going into Lambo trashing and yacht sinking entertainment?

Or maybe they retire, spend time on projects they actually care about, put their money toward things that interest them and watch it all grow while keeping an eye on this thread to see why their money is doing what it is doing.

Bah! sit in front of wall explorer observer, but in a more expensive house!

[Rosewater Foundation]

Speaking of deceased birds, I guess none of you wall explorers are going to be pumping my bag of bgold any time soon?

[ðºÞæ]

Is Ripple toast?
R3 is buying Billions of xrp at $0.0085 a piece thats why they are in court to battle it out

Now R3 is working on Corda with 200 banks and the likes of

•Supported by: Bank of America, Merrill Lynch, CITI, Credit Suisse, DBS, HSBC, J,P,Morgan, MUFG, OCBC, Standard Chartered, UOB, SGX
•Led by the Monetary Authority of Singapore (MAS)
Not publicly viewable transactions
•No broadcast, need to know, uses point to point communication
•Confidential Identities, shared on a need to know basis

[HairyMaclairy]

R3 Corda is a shitcoin.  Every bank runs its own shard and you need oracles to match up trades between shards.  Fucking mess.  They should use Monero and be done with it.

[LFC_Bitcoin]

Speaking of deceased birds, I guess none of you wall explorers are going to be pumping my bag of bgold any time soon?

Fuck that, sold all of mine a while back to pay for a trip to Vegas in June for me & the Mrs

[Arriemoller]

Feel free to pump my bitcoin private.
Anyone know where to dump them?

[JayJuanGee]

Isn’t it about time that BCH died by now?
How much longer wilo they continue to flog this dead horse?

I’m greatful for the free money (which I transferred into bitcoin) but come on, enough is enough.

Be careful what you wish for.

it's an alt based on Bitcoin so I for one both hope and believe it will stay secure, alive and kicking.

I don't want any dead canaries.

Fatty is back from r/btc and other BIG blocker friendly forums to pump some of his/her learnings regarding bcash...    wants to edumacate us ignorant folks about the benevolence of bcash and all that it offers (supposedly)...



Perhaps the fatty has not heard about the bcash wall observer thread that we got's our selves on this forum that allows fatties and any others to on-topic spread the bcash/BIG blocker word on this here forum for us peeps?

[Arriemoller]

No one wanna pump my privates?

[Arriemoller]

Alright then, going to bed now.

[Last of the V8s]

Never fear. We will be giving your Mr Trump a warm welcome. Very warm.
We will take care of him.

[LFC_Bitcoin]

No one wanna pump my privates?

TERA (Debbie) might for 0.01 bitcoin

[Rosewater Foundation]

No one wanna pump my privates?

TERA (Debbie) might for 0.01 bitcoin

He put in a lot of work trying to get into her original account in meta. To what end I have no idea.