Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15913.

itod

legendary

Activity: 1974

Merit: 1077

Honey badger just does not care

Quote from: FractalUniverse on November 11, 2017, 11:13:36 AM

Im not getting why you people are panicking over shitfork.

Because of this:

Quote

Bitcoin is the ledger of not-previously-spent, validly signed transactions contained in the chain of blocks that begins with the genesis block (hash 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f), follows the 21-million coin creation schedule, and has the most cumulative double-SHA256-proof-of-work.

You can curse him as much as you want, but that CIA employee is right about the definition. Verbal consensus is worth nothing, the only consensus mentioned in the Whitepaper is the consensus which chain has more POW.

I'm not saying there is a reason to panic, but this is full-blooded attack on what we consider BTC. They will probably fail (hopefully), but you can't say they are not trying.

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: Arriemoller on November 11, 2017, 10:02:32 AM

Quote from: itod on November 10, 2017, 12:23:21 PM

You have to be joking?!? Paste the private key of your BTC stash into some internet site web form? This is insanity if you ask me.

Well, if you have a better answer to his question, please share. Otherwise you are just a whining nay sayer.

He had a legitimate concern that was addressed by subsequent posters. The part that was missing, and that should be bolded, is that you create a new wallet and move your coins over before sharing your private key(s). This way you do not risk any BTC.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: FractalUniverse on November 11, 2017, 11:13:36 AM

Im not getting why you people are panicking over shitfork.
Its being pumped by few people and their followers, and controlled by ~~several miners.~~ two mining farms. It will come back down - and even if it doesnt, who cares. As some already said, there is no use for other than trading/speculation
as for me, i doubt i will ever use it for transactions

FTFY

FractalUniverse

hero member

Activity: 1034

Merit: 558

Im not getting why you people are panicking over shitfork.
Its being pumped by few people and their followers, and controlled by several miners. It will come back down - and even if it doesnt, who cares. As some already said, there is no use for other than trading/speculation
as for me, i doubt i will ever use it for transactions

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: Torque on November 11, 2017, 11:09:24 AM

Quote from: Hyperjacked on November 11, 2017, 11:04:31 AM

It's been fun Bitcoin... Had to trade you for Bitcoin cash yesterday Cool

Don't you mean for CrocodileTrash?

Do it with a smile instead!

Torque

legendary

Activity: 3766

Merit: 5380

Quote from: Hyperjacked on November 11, 2017, 11:04:31 AM

It's been fun Bitcoin... Had to trade you for Bitcoin cash yesterday Cool

Don't you mean for CrocodileTrash?

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

It's been fun Bitcoin... Had to trade you for Bitcoin cash yesterday Cool

fabiorem

sr. member

Activity: 1400

Merit: 347

Quote from: Rosewater Foundation on November 11, 2017, 10:41:14 AM

ver better hope the yakuza isn't holding bitcoin..this is dangerous shit

He might check his roof for ninjas with uzis.

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

the foundation will be furious. i did not see this coming

Spaceman_Spiff_Original

full member

Activity: 417

Merit: 220

Looking back, this BCH move was quite predictable. Mad at myself that I didn't act accordingly. Same goes for BTC price post-announcement of SegWit2x cancellation Cry

Hindsight is 20/20 I guess. Undecided

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

I don't think the idea that's circulating lately, of BTC being a store of value (like gold) and BCH a coin for everyday use (like cash) makes sense. It doesn't make any sense, because, in that case, there's no point for BTC to exist, since BCH can technically be a store of value too. Why have two blockchains for two different types of usage, when one (BCH) can do both?

It's not about usage, but about control. Sad, but true. Human nature at its "finest". One thing's certain: if BTC comes out as the winner in this war, it will be stronger than ever. If not, we'll never see crypto in the same way again.

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Quote from: Rosewater Foundation on November 11, 2017, 10:41:14 AM

ver better hope the yakuza isn't holding bitcoin..this is dangerous shit

Damn...I had to google yakuza...bet I wasn't the only one....

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

ver better hope the yakuza isn't holding bitcoin..this is dangerous shit

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Oh welll...at least I still got my Bitcoin Gold....

Lionidas

hero member

Activity: 1008

Merit: 1012

So Bitcoin cash is just a sandbox for the youngsters to play in who are not serious and just dabbling in this forking on the big boys coins?
Watched as these forked coins -BCH and BTG on one exchange going up 55%+ within the last 24 hours.
And now bitcoin is back down to $6350 this morning.

Something is seriously wrong with that picture. Lips sealed

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: pumpmydump on November 11, 2017, 10:20:28 AM

You guys still don't get it, you're still in the denial phase, I'll come back for the butthurt phase that's when you will let me make fun of you Grin

Well, when and if the "butthurt" phase begins, I can start accumulating again. Just like 2015. Notice my start date on Bitcointalk...that was a good entry point. Too bad my innate skepticism got in the way and I only invested peanuts and hashed away with already obsolete ASICS that I picked up on Ebay. Grin

gembitz

hero member

Activity: 1834

Merit: 639

*Brute force will solve any Bitcoin problem*

Quote from: bitebits on November 11, 2017, 10:28:02 AM

Quote from: Torque on November 11, 2017, 09:04:39 AM

Quote from: fragout on November 11, 2017, 08:55:51 AM

Its so obvious to all here that BCH pump is Ver/Wu but probably not to the average investor. Im really disillusioned atmo that a very small group can manipulate an entire market in this way.
He even announced it on twitter before the pump. "#BitcoinCash will win wider adoption than 1MB Segwit Bitoin shortly." 19 hours ago.
Possible with fake money too such as the 30 million tether that was issued a few days ago.

The true irony is that the BCH supporters demand lower transaction fees, but they can't spend BCH at any merchants other than maybe a few obscure ones. Lol. That reality seems to be completely lost on them. Just like the ETH camp, they literally could give two shits that they can't spend ETH anywhere and probably never will be able to.

Think it is ironic as well you can spend your bitcoin anywhere, but the required transaction fee makes you consider twice.

I don’t like the market’s uncertainty which coin is a store of value, although I think it is obvious.

Wall Street is hungrey fur corns so i think the market will have no problem absorbing both instruments Cool

here we go $7000 btc weee

gembitz

hero member

Activity: 1834

Merit: 639

*Brute force will solve any Bitcoin problem*

Quote from: pumpmydump on November 11, 2017, 10:20:28 AM

You guys still don't get it, you're still in the denial phase, I'll come back for the butthurt phase that's when you will let me make fun of you Grin

get what both coins will moon $10,000+ Cool

weee

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: Torque on November 11, 2017, 09:04:39 AM

Quote from: fragout on November 11, 2017, 08:55:51 AM

Its so obvious to all here that BCH pump is Ver/Wu but probably not to the average investor. Im really disillusioned atmo that a very small group can manipulate an entire market in this way.
He even announced it on twitter before the pump. "#BitcoinCash will win wider adoption than 1MB Segwit Bitoin shortly." 19 hours ago.
Possible with fake money too such as the 30 million tether that was issued a few days ago.

The true irony is that the BCH supporters demand lower transaction fees, but they can't spend BCH at any merchants other than maybe a few obscure ones. Lol. That reality seems to be completely lost on them. Just like the ETH camp, they literally could give two shits that they can't spend ETH anywhere and probably never will be able to.

Think it is ironic as well you can spend your bitcoin anywhere, but the required transaction fee makes you consider twice.

I don’t like the market’s uncertainty which coin is a store of value, although I think it is obvious.

LewisPirenne

full member

Activity: 140

Merit: 100

Quote from: oblox on November 11, 2017, 10:18:45 AM

Quote from: LewisPirenne on November 11, 2017, 08:51:10 AM

This is not unlike why Bear Stearns put option had values for a while even though the investment bank had already collapsed. That is, people cover short and booking profit to get their money out of system before some system wide credit freeze or FED bailout will turn their paper profit into nothing but paper. When S2X future is almost worthless, you are taking counterparty risk by holding that contract and keeping your BTC on Bitfinex.

Bad example. Put options in the case of a bankruptcy or collapse would have a max value of the strike price since the underlying is effectively 0. A better example would have been to say the call options had value for people wanting to cover their short calls, even though they would be effectively worthless on a now defunct security.

Sorry if there are any misinterpretation, but that was my actual experience at the time for those $5 put option. People cover them and I presume that people just don't want to hold it till expiry and cover them to get money out of system.

Edit, you are right in that an example that parallel BT2 would be much better from short call (rather than long far OTM put) point of view. Thanks.

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