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

[Paashaas]

Is this a joke?

Releasing junk with a very good change people losing money? ( bCash blocks are still almost empty)

This must be a staged event, all great actors from scammers Roger, Jihan, Craig and Calvin. Add another hashwar and voila, new momentum in a fresh created shitfork.

If this were a “clean split,” the two coins would be separated through a technical trick called “replay protection.” Transactions on one chain are invalid on the other, so (regular) users would be affected as little as possible.

But this will not be a clean split. While Bitcoin ABC implemented replay protection, Bitcoin SV copied this “protection” to cancel it out.

As such, transactions will look identical on both chains. This means that a Bitcoin ABC transaction can be re-transmitted (“replayed”) on the Bitcoin SV chain, having users accidentally spend both. And the other way around: Bitcoin SV transactions can be replayed on Bitcoin ABC. When Ethereum Classic and Ethereum split without replay protection in 2016, this caused significant losses to unprepared exchanges, like Coinbase. Therefore, this time many exchanges and other service providers will halt withdrawals and/or deposits for some time

https://bitcoinmagazine.com/articles/when-fork-forks-what-you-need-know-bitcoin-cash-goes-war/

[JayJuanGee]

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.

It’s only ridiculous because we implemented all those Wall Street regulations to avoid market manipulation.

Who is the "we" that you talk about?

And what are all of the supposed "wall street regulations"?

Bitcoin is hardly regulated...

Of course, regulators try to make some kyc and aml requirements, and they are going to continue to try to make more and more regulations to fit round pegs in square holes, and they may even customize some regulations to bitcoin and to other cryptos and even ICOs.

So far the kyc and aml regs have to do with on and off ramping from fiat and through bank regulated exchanges... Hardly applicable to overall bitcoin claims, right?  No general regulatory body covering world wide, either. 

Are you trying to sugguest something more meaningful about what is going on in bitcoin and various sporadic regs than making vague references to an ongoing desire of various governments (and likely traditional financial institutions) to regulate that some people might have? 

But that would hardly qualify as a "we" would it?  Neither in kind of regulation nor amount of regulation.  What am I missing about your seemingly vague point?

[nanobtc]

Cancelled dinner reservation tonight, to BTFD instead. Every little bit helps. Wife not impressed.

[strawbs]

We're old school HODLers here.  These drops have no effect on us anymore.  We were here when one btc could be exchanged for <100 federally backed tokens.  We'll still be here when one btc  doesn't need to be exchanged for federally backed tokens at all.  We'll just use them to buy things when all other currencies are worthless.  And if we want to do so secretly we'll atomically swap them for Monero first. Nothing to see here.  Carry on.

[El duderino_]

Cancelled dinner reservation tonight, to BTFD instead. Every little bit helps. Wife not impressed.

run for it ron burgundy style, and the wife will be impressed

[HI-TEC99]

We're old school HODLers here.  These drops have no effect on us anymore.  We were here when one btc could be exchanged for <100 federally backed tokens.  We'll still be here when one btc  doesn't need to be exchanged for federally backed tokens at all.  We'll just use them to buy things when all other currencies are worthless.  And if we want to do so secretly we'll atomically swap them for Monero first. Nothing to see here.  Carry on.

Agreed.

[DireWolfM14]

We're old school HODLers here.  These drops have no effect on us anymore.  We were here when one btc could be exchanged for <100 federally backed tokens.  We'll still be here when one btc  doesn't need to be exchanged for federally backed tokens at all.  We'll just use them to buy things when all other currencies are worthless.  And if we want to do so secretly we'll atomically swap them for Monero first. Nothing to see here.  Carry on.

I wish I was as impervious as you seem to be.  Of course I'm new to crypto, and don't have the HODL stash that most of you have, and I didn't buy any of my stash below $6k.

However, the only regret I have today is that I blew my BTFD wad last week.  

[thejaytiesto]

What did I miss with all the hats here?

[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/

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! 

The world does not work that way.

If you really want to attempt to figure out some short terms BTC price dynamics, then you have to take into account a variety of factors, even some factors that are less than pleasant to account.   

Of course, you don't necessarily need to follow every move, and of course, you could just ignore entirely if you are just buying and accumulating and you don't plan to make any shorter term plays and you might not even care about shorter term dynamics.... People participating in this thread are generally interested in both longer term and short term BTC dynamics, including factors that can affect short-term price including a variety of factors that you seem to want to presume are not relevant.   

[rafanadal]

Tomorrow we'll wake up in the 4000s aren't we ?

 

[rokkyroad]

This thread is so much fun when the shit hits the fan.

[LFC_Bitcoin]

Tomorrow we'll wake up in he 4000s aren't we ?

 

Not selling anything OBVIOUSLY!

I have gone to bed early in a bad mood though. It’s 8:53pm here.

I’m scared what it’ll be when I wake up.

[JayJuanGee]

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.

Anyone who is anyone calls it bcash... 

[Torque]

Can't wait until BCash SV gets forked. Wonder what they'll name it?

[El duderino_]

i just read nano saying his wife not impressed with BTFD........


WHAT IF



all wifes are making the man sell there coins for ^

?? ? ??

not under my roof but BUT

[Kylapoiss]

Tomorrow we'll wake up in he 4000s aren't we ?

 

Not selling anything OBVIOUSLY!

I have gone to bed early in a bad mood though. It’s 8:53pm here.

I’m scared what it’ll be when I wake up.

Other way around for me, normally I sleep already this time (almost 11PM), but today's going to be a long evening, I rather see it crashing live than in the morning.

[El duderino_]

Tomorrow we'll wake up in he 4000s aren't we ?

 

Not selling anything OBVIOUSLY!

I have gone to bed early in a bad mood though. It’s 8:53pm here.

I’m scared what it’ll be when I wake up.

EASY just on its way to 5-DIG first destination

remember your gonna sleep as one of the TWO on the follow pic.  (as wake up as do anything)



BETTER ALWAYS BE THE LOWER obviously........

hey goodnight and good luck on STAYING @that bottom winning guess

me following Kylapoiss.... always stay up later and witness action

[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?

Yes, mostly useless. What do you think?

I think bitcoin has already proven itself to be useful as cash.

Bitcoin has also already proven itself to be useful to the FBI and IRS in helping them track transactions.

I'll just say that if I wanted to hide money from the tax authorities, buy contraband without physical cash, or just keep my economic activity private, I'd be using Monero.

Agreed. So make the case that requirement is part of 'satoshi's vision'.

Fungibility is a fundamental and desirable property of cash - even electronic cash. If Satoshi's vision was "electronic cash", we cannot have that with a completely transparent, public blockchain and non-fungible units of currency.

Not bad. However...

Fungibility is not a binary property. It is a sliding scale. USD are not perfectly fungible. Is USD -- even in tangible form -- not cash?

[JayJuanGee]

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.

Surely, it feels good to have wonderful trading days, so congratulations on that, yet ultimately, I don't see any kind of fruitfulness in wanting to play a "told you so" game, unless we are dealing with trolls. 

There are a variety of guys and gal in this thread that employ various kinds of strategies, and are also trying to work out what is good for them.  Some of them are not able to employ either what I do or what you do, but surely it is likely helpful that you share a lot of your details on a relatively contemporary basis... Of course, you cannot share every little thing, but you do tend to share your overall view and sometimes some specifics of your strategy, which surely can be helpful in terms of consideration of possible approaches.... that hopefully, will also include guys and gal, personally customizing any actual employment of such.

[HI-TEC99]

What did I miss with all the hats here?

It's because we found out the meaning of life is "People aren't wearing enough hats". This link explains the meaning of life.