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

[jbreher]

Whatever they do the exchanges will still call it Bcash ABC or whatever. They might think they're ditching the bcash name, but they're stuck with it.

Haha. You funny guy.

None of the exchanges that matter call Bitcoin Cash 'BCash'. What makes you think they'll start now? Proof of Social Media?

[1714052566]

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[1714052566]

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[JayJuanGee]

What happened to goat?

There was this user "goat" on Bitmex. He was very active in the trollbox. He defined himself as an old guy, at least in comparison to the juvenile crowd there. Boasted a lot about his riches and his profits. Gained an awful lot lot, until one day he got very, very, very badly rekt. That was a few months before the drop from ~20k down. Unseen until then (like 18 or so months ago).

Could it be him?

Remember Richard Heart?  He acted like the goat scenario that you describe... however, Heart was whining like a baby, when BTC went down to $6k the first time, in about early February 2018  - which kind of implied that he had already largely lost his shirt from the post $19,666 price downfall.

[goldkingcoiner]

I am starting to lose faith....

In that case, drop acid, and load up Bitmex.

If tomorrow a bull market starts, I will eat 10 doses of acid and trade 50x on Bitmex

[JayJuanGee]

this could get ugly

When’s the exact time of this shit fork?

a little less than 24 hours... as I type but of course, I am responding to a post from 3 hours ago...... so that substance might not be too timely.

https://cash.coin.dance/

[serveria.com]

this could get ugly

When’s the exact time of this shit fork?

a little less than 24 hours... as I type but of course, I am responding to a post from 3 hours ago...... so that substance might not be too timely.

https://cash.coin.dance/

Why do you guys care about some shitcoins and their shitforks? Those guys are enjoying too much attention! Just ignore them, their social media accounts and their shitwars! 

[jbreher]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

This is crypto. Hash power is The Power.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

- SN, Bitcoin: A Peer-to-Peer Electronic Cash System

[Last of the V8s]

[BTCMILLIONAIRE]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

Its the same impact as a president tweeting something about any company.

But there is a difference from 1 company and a whole international 24/7 market, isn't it? Plus these are supposed to be currencies. It's ridiculous.

One company's stocks are (often, but not always) an international near 24/7 market.

[DaRude]

Uncle Craig is about to dump bitcoin to $1k!
https://twitter.com/ProfFaustus/status/1062751765601361923

At least he's a nice guy, wishing us all a nice day.

A nice day for mass suicides.

What he really was trying to say is that miners should avoid mining BCH or else... DOOM?   WTF?

Anyhow, I see lots of cheap coins, stock up gentlemen and get ready for the inevitable launch soon  

Just gonna leave this here

If anything I see the BCH fork as bullish for bitcoin. People are presumably going to either cash out their shit fork coin to fiat or/and convert it to bitcoin.

I think we’ll see the bitcoin price go up on the day or a few days after their fork.

Well bcashABC and bcashSV is a closed system, so them exchanging their alts for each other, from the outside, is a zero sum game. Now the big question is inflow/outflow from the outside capital. Do you expect the loosing side just simply watch as they're loosing or do you think they'll try to put up defense and prop up their side? Both sides have their reserves in BTC, so i don't think it's unrealistic to expect them to burn through their BTC stashes to support their side. That's why after the fork the sum value of both chains is usually higher than the initial chain, as both sides brought in outside capital to prop up their visions. I think CSW already proved that he's willing to burn money on hash rate when mining his useless chain, and i don't believe he's a complete idiot, so he'd also need to prop up the value of his chain at some peg as well. But i believe that was already going on as both sides were planning for this and have been gradually cashing out their BTC in preparations for this event. Thats why BTC has been trading sideways for last few months.

But in any case this is good news for BTC, the more those geniuses reduce their BTC stashes fighting each other the more irrelevant they become to BTC.

tl;dr  maybe a bit more short term sell pressure on BTC while both sides deplete their BTC reserves in the last battles of the bcash war

Translation he underestimated ABC's power and over estimated his. Now he needs to burn more BTC than he expected to prop up SV. Any day CSW cashes out of BTC is a good day!

[HI-TEC99]

Whatever they do the exchanges will still call it Bcash ABC or whatever. They might think they're ditching the bcash name, but they're stuck with it.

Haha. You funny guy.

None of the exchanges that matter call Bitcoin Cash 'BCash'. What makes you think they'll start now? Proof of Social Media?

I know yobit calls it Bitcoin Cash, but exchanges that matter like cryptopia call it BCash.

[Elwar]

[HairyMaclairy]

So I would not become too self-congratulatory and smug if I were you

Good advice. I will probably eat dirt on the next trade.

[vroom]

$300 $350 premium between bitfinex and bitmex.

[jbreher]

I blame Bcash 

Umm... Ooohkaaay....

You blame Bcash for what?

[BTCMILLIONAIRE]

Whatever they do the exchanges will still call it Bcash ABC or whatever. They might think they're ditching the bcash name, but they're stuck with it.

Haha. You funny guy.

None of the exchanges that matter call Bitcoin Cash 'BCash'. What makes you think they'll start now? Proof of Social Media?

Please excuse me while I write up a highly non-technical whitepaper with no shortage of meaningless buzzwords.

[HairyMaclairy]

I blame Bcash 

Umm... Ooohkaaay....

You blame Bcash for what?

Manipulating the physical silver market

[Astargath]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

This is crypto. Hash power is The Power.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

- SN, Bitcoin: A Peer-to-Peer Electronic Cash System

So much for decentralization.

[jbreher]

I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?

It's hard to have "digital cash" without fungibility.

So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash?

[bitcoinPsycho]

I blame Bcash 

Umm... Ooohkaaay....

You blame Bcash for what?

The present state of the crypto markets . Bcash is rotten to the core. No pun intended of course

[d_eddie]

I believe we've now reached yearly lows.

Congrats. Bull market starts tomorrow. 

...or next week, after the dust settles.
It will be an interesting 2019, gentlemen.