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

[jbreher]

Exactly. By the chain that wins the upcoming BCH hash battle. Bitcoin Cash implementing the SV consensus rules.

The hashrate fight has not even started yet. All we are watching are preliminary intimidation movements. I would not count a winner just yet.

True enough. Though if momentum be any valid indicator...

Where's the ABC white knight? Is bitmain going to stop mining BTC in order to mine their fork?

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[JayJuanGee]

The market is actually betting that CW is Satoshi, basically.

Not me. I'm betting on the demonstrated hash power that SV has amassed. Why so many ignored such an obvious signal is beyond me. More grist for the 'most people are basically irrational' mill.

Why you think this is dependent upon CSV being Satoshi is a mystery.

I will still believe it when I see it... meaning the actual fork.  This pre-fork pump and dump may be much more profitable than actually following through with an actual fork.  Let's see it... let's see it.  I still remain skeptical... is it 75% likely now, rather than $70% likely.. that still leaves a 25% chance that such stupid ass fork won't happen.

Hmm. I had been hoping for a kumbaya moment. But now that it seems clear that ABC will the minority fork -- to the point where it becomes an economic non-factor -- I am happy for split to occur. I quite prefer the structure of SV over ABC. What with it being essentially 'the original bitcoin minus some coding errors'.

So SV adopts the mantle of The Real BCH as a stepping stone to eventually becoming The Real Bitcoin. Cool. I can live with that.

I appreciate everything that you explain here regarding your thinking, but still why do you believe that it is accurate to respond with a statement that ABC will fork blah blah blah... You really think that the fork is close to 100% when it has not happened yet?  Why don't you at least suggest that my 75% estimate is pie in the sky or something like that... Even if you said 95% likely, that would be much more reasonable, and I might even move a bit upwardly off of my 75% stab in the dark... but going above 95% just seems too absolutist, especially when we already know that the players involved in this are not very many and many of them are disingenuous pumpers, shit talkers and shit stirrers (did I say greedy, too?)... and I don't know why we should trust them for what they say.. even if they are flashing supposed mining power, will power, resoluteness and/or other kinds of possible abilities to follow through.

[Gyrsur]

[becoin]

Who sold at the bottom?
Jihan, Ver, or CSW?

[HI-TEC99]

Exactly. By the chain that wins the upcoming BCH hash battle. Bitcoin Cash implementing the SV consensus rules.

The hashrate fight has not even started yet. All we are watching are preliminary intimidation movements. I would not count a winner just yet.

True enough. Though if momentum be any valid indicator...

Where's the ABC white knight? Is bitmain going to stop mining BTC in order to mine their fork?

What plans are there for block explorers and electrum wallets for the new forks? The SV and ABC websites only seem to offer qt wallets. I can't find anything for everyday people, only stuff for miners and full node hosters.

[bitserve]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

Believe it when we see it.

How's 2/3 of the network - up from considerable minority days ago.

https://cash.coin.dance/blocks/today

Oh too late! You didn't close your eyes fast enough.

There is none so blind as he who refuses to see.

Ok. Where do you think that hashrate increase is coming from? They were previously mining BTC? Is it leased hashpower?

Well, it is a fascinating question. And one to which I have no ready answer. I can imagine a number of possibilities, but they'd all be idle speculation.

It is interesting how close to a BTC difficulty change the BCH fork and hash battle is occurring however. Provocative.

Let's speculate then. We don't have much else to do in the meantime.

Depending on where the hashrate is coming from they could or could not sustain the "bluff" for long. Even if what Craig said in the Tone Vays interview is true, Jihan exactly knows how much hashpower they do have in total.

[Torque]

I dont care whether CSW, Jihan or Cobra wins the hash battle.

One Bcash shitcoin is much like another.  

Shhh, quiet you. Next thing you'll tell them is that the public will never buy any of their shit regardless.

Quit trashing their dreams. And jbreher's.

[Globb0]

I'm behind this nice bottom, on many scales.

[Gyrsur]

is Crypto dead now?

[JayJuanGee]

Central bank coin coming soon.

https://www.cnbc.com/2018/11/14/central-banks-should-consider-issuing-digital-money-imf-boss-lagarde.html

IMF Managing Director Christine Lagarde said central banks should "consider the possibility to issue digital currency" in a speech in Singapore on Wednesday.

Didn't they already try that?   

Wasn't R3 about something like that?

[xhomerx10]

is Crypto dead now?

 I don't think so but just in case, I made us some alternate hats.

[Topbanker]

Central bank coin coming soon.

https://www.c[Suspicious link removed]m/2018/11/14/central-banks-should-consider-issuing-digital-money-imf-boss-lagarde.html

IMF Managing Director Christine Lagarde said central banks should "consider the possibility to issue digital currency" in a speech in Singapore on Wednesday.

Didn't they already try that?   

Wasn't R3 about something like that?

R3 was (or is) a blockchain firm started in 2014.

Some more info http://fortune.com/2018/06/07/blockchain-firm-r3-is-running-out-of-money-sources-say/

[El duderino_]

is Crypto dead now?

just saw a hearthbeat so not yet

[JayJuanGee]

[edited out]
 

That is quite possible, and I've been considering this outcome too. That's why I want to be flat (out of the market) before the shitshow scheduled time - well, except for my historical, suffering long.

I'd merit you again, except I already spent some on you, and I am reluctant to shell out to legends, who really don't need the stuff.

"need" is a relative term.  Surely there can be some benefits, as a whole, to spreading out smerit sending, and surely, there are some amazing posters who receive a lot of merit, but sometimes, gotta just space out the smerit distribution a bit - even though the poster might deserve some merit for efforts and sticking to the topic with meaningful (and sometimes uniquely resonant and timely) contributions (which is also a relative consideration).

[El duderino_]

is Crypto dead now?

 I don't think so but just in case, I made us some alternate hats.

f*** cost me 50% Sm. stash but this one is just GOOD realy GOOD

lmao

don't let us say, we miss the days of 6420= the new 6420

[jbreher]

What plans are there for block explorers and electrum wallets for the new forks? The SV and ABC websites only seem to offer qt wallets. I can't find anything for everyday people, only stuff for miners and full node hosters.

Hmm. I thought the core narrative was that everyone should run a fully-validating non-mining wallet (often mistakenly called 'full nodes'). No? Say it isn't so!

That said, any means of holding private keys is fine. Paper, text files, Electron Cash (though the new changes did not come from Jonald - due diligence is in order), etc. If even holding your keys is too burdensome for you, Poloniex, Binance, and others are there to fill the gap.

Personally, I have private keys stashed in a number of mechanisms. And have no need to 'cash out', as it were. I'll just manage the keys until such time I find it advantageous to split them.

As far as active funds... I'll be pulling my standing sell orders from Coinbase ahead of tomorrow's deadline. They have stated they are 'implementing' the fork, but they so far refuse to say if they will award t- BCH holders with both (or all) forks at t+. Meanwhile, such orders remain, harvesting the volatility.

[jbreher]

Jihan exactly knows how much hashpower they do have in total.

::*ahem!*:: Speculation based solely upon allegations not yet entered into evidence. By what mechanism do you think Jihan knows their total hash power?

[JayJuanGee]

Is it correct to assume that when mtgox users get their refund next summer and sell their bitcoins, then the price of bitcoin could get its biggest drop in its history?

Why would MT Gox coin recipients sell their BTC if the BTC price has already been going down?  Shouldn't they wait for the BTC price to go back up before they sell?

Likely your presumption(s) have not been sufficiently fleshed out to actually understand either BTC dynamics or BTC HODLer behaviors.

[El duderino_]

almost time to crawl into the HODLcave

some of the fine gentleman in here....... be that dog

[JayJuanGee]

What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?

Every general knows that you do not engage your old guard in mere skirmishes. They are deployed best in the heat of a real battle.

INDEED..!!!!!!!!! Wait for it.. Wait for it..!!! I have all my bags awaiting for the 45-4800 level.. Praying those get fill up asap.. !!!!! 

You might get lucky with the $4800 or maybe even a bit lower than that, but the further you go down, the less likely, and even seeming NOT to be very likely, especially anything below $3k.  But what do I know?  especially regarding the future.