I am happy that I sold my BCH at 0.2 and rebought a little more for less BTC at 0.072.
But wtf is happening?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16586. (Read 26610814 times)
August 18, 2017, 02:20:51 PM
August 18, 2017, 02:19:09 PM
Anyone going to walk away from crypto if BCH wins?
In that case I'll just turn into a Litecoin maximalist. Because none of this craziness happened in LTC.
right? LTC stable AF
Yeah, it's up only 900%+ this year. Booring.
August 18, 2017, 02:17:39 PM
I really hope Roger is burning some major holdings during this silliness.
+1, im feeling quite Lucky that i sold my stash that i have availeble for trading on kraken @ 3713 euro this mourning. I wonder how far the price will drop...... an increase of my BTC stash by 20% would be nice
August 18, 2017, 02:17:30 PM
BTC 3100–3500 tomorrow? BCC 800+?
August 18, 2017, 02:08:14 PM
However it turns out, I think we'll all be worse off than if the forks had been avoided altogether.
Yes, but this is a fallacy.
Bitcoin forks can be created by anyone, at any time. Trying to change rules to appease some vocal subset wouldn't stop or block such ability. In fact it is a feature by design. There is no "avoiding it" and there's no one that Bitcoin should have to appease or answer to except for the majority of it users, and to implement/include things that insure it's own long term survival. The existing attributes and rules do just that. They can also be tweaked as time goes on.
A 2MB blocksize increase by Core would've preempted any need for Segwit2X. It may have even have avoided the BCC fork.ave it's way with OPEC.
No. If 2mb blocksize increase would've been accepted then big blocktards would've needed Segwit4X.
The fork at this stage is the best thing that could've happened. BCChina forgets a little fact that it's the market that moves the miners and not the miners moving the market. They can even have their higher hash rate (most of it is in China anyway), but can they attract capital for people to invest in that turd? I think the fundamentals are strongest they've been in a while and this BCChina pump is hilarious. Kudos to them for actually following up with their savings (and trying to corner the market) but the market will ultimately win, it always does.
August 18, 2017, 01:54:12 PM
Where will this drop end 
Waiting to buy back in
Waiting to buy back in I'm thinking $3800-$3900 if it gets that far, and that wouldn't even break our uptrend
And what Will you do if iT Dont drop?
Edit: kraken price hangs on €3550
Well, with this current BCH pump i don't expect the bitcoin price to rise...... i do think this BCH pump will end up in a big crash this weekend though.
August 18, 2017, 01:40:43 PM
Anyone going to walk away from crypto if BCH wins?
In that case I'll just turn into a Litecoin maximalist. Because none of this craziness happened in LTC.
right? LTC stable AF
August 18, 2017, 01:27:52 PM
Where will this drop end Waiting to buy back in
Waiting to buy back in I'm thinking $3800-$3900 if it gets that far, and that wouldn't even break our uptrend
And what Will you do if iT Dont drop?
Edit: kraken price hangs on €3550
August 18, 2017, 01:24:31 PM
You usually talk about "cost of production".... well, there you have an example of a new apartment that is CLEARLY BELOW cost of construction.
Sunk cost fallacy affects items worse the further away you get from the base of Exter's pyramid. A house isn't like gold or silver which is both portable and virtually indestructable, it realies on numerous external factors like schools, crime, jobs, govt, etc. They say Detroit is a clear case of, "a house is only worth as much as there are jobs there to support it". That and most people don't want to live in a neighborhood where all 10 of your neighbors are named Tyrone.
In the US you build cheap wooden houses that need continuous maintenance.
A concrete flat or house is much more durable.
August 18, 2017, 01:24:20 PM
Where will this drop end Waiting to buy back in
Waiting to buy back in I'm thinking $3800-$3900 if it gets that far, and that wouldn't even break our uptrend
August 18, 2017, 01:12:45 PM
Where will this drop end Waiting to buy back in
Waiting to buy back in 
August 18, 2017, 01:12:31 PM
By then, maybe Bitmain's stranglehold over mining would've lessened.
... or maybe would've escalated?
August 18, 2017, 01:04:30 PM
No. If 2mb blocksize increase would've been accepted then big blocktards would've needed Segwit4X.
Maybe. Maybe Jihan would've been happy with a 2MB concession, and happy that he saved face. And maybe Ver and all the other useful idiots would've followed him.
If not, Core could've been politically savvy and dragged the 4X fight out another 3-5 years, like with 2X. By then, maybe Bitmain's stranglehold over mining would've lessened.
August 18, 2017, 12:55:52 PM
I don't understand the panic, really 
The next shitcoin (x2) is about to render the previous scam coin (BCH) obsolete, so it makes sense that the big players would pump it and lure every newbie in before unloading everything and gtfo ASAP. More free money to be made with the next one...
The next shitcoin (x2) is about to render the previous scam coin (BCH) obsolete, so it makes sense that the big players would pump it and lure every newbie in before unloading everything and gtfo ASAP. More free money to be made with the next one...
exactly, allot of people that fall for this may loose allot of money
August 18, 2017, 12:53:36 PM
I don't understand the panic, really
The next shitcoin (x2) is about to render the previous scam coin (BCH) obsolete, so it makes sense that the big players, who got thousands or tens of thousands of bch for free, would pump it and lure every newbie in (and generate as much liquidity as possible) before unloading everything and gtfo ASAP. More free money to be made with the next one...
The next shitcoin (x2) is about to render the previous scam coin (BCH) obsolete, so it makes sense that the big players, who got thousands or tens of thousands of bch for free, would pump it and lure every newbie in (and generate as much liquidity as possible) before unloading everything and gtfo ASAP. More free money to be made with the next one...
August 18, 2017, 12:51:39 PM
Bitcoin Community Rallies Against BitPay: https://twitter.com/i/moments/898288070591520768. Fight back; the revolution will not be centralized nor corporation controlled.
Expect some stronger swings due to the shady practices of BitPay et. al. and don't forget to ditch them while you're at it. I dislike the current dump.
Expect some stronger swings due to the shady practices of BitPay et. al. and don't forget to ditch them while you're at it. I dislike the current dump.
August 18, 2017, 12:50:23 PM
Some of you younger guys really need to stop peeing your wittle panties over this whole BCH fork and SegWit2x thing.
It's really unbecoming of a true Bitcoin hodler and believer.
It's really unbecoming of a true Bitcoin hodler and believer.
August 18, 2017, 12:48:27 PM
However it turns out, I think we'll all be worse off than if the forks had been avoided altogether.
Yes, but this is a fallacy.
Bitcoin forks can be created by anyone, at any time. Trying to change rules to appease some vocal subset wouldn't stop or block such ability. In fact it is a feature by design. There is no "avoiding it" and there's no one that Bitcoin should have to appease or answer to except for the majority of it users, and to implement/include things that insure it's own long term survival. The existing attributes and rules do just that. They can also be tweaked as time goes on.
A 2MB blocksize increase by Core would've preempted any need for Segwit2X. It may have even have avoided the BCC fork.ave it's way with OPEC.
No. If 2mb blocksize increase would've been accepted then big blocktards would've needed Segwit4X.
August 18, 2017, 12:46:07 PM
August 18, 2017, 12:40:59 PM
However it turns out, I think we'll all be worse off than if the forks had been avoided altogether.
Yes, but this is a fallacy.
Bitcoin forks can be created by anyone, at any time. Trying to change rules to appease some vocal subset wouldn't stop or block such ability. In fact it is a feature by design. There is no "avoiding it" and there's no one that Bitcoin should have to appease or answer to except for the majority of it users, and to implement/include things that insure it's own long term survival. The existing attributes and rules do just that. They can also be tweaked as time goes on.
A 2MB blocksize increase by Core would've preempted any need for Segwit2X. It may have even have avoided the BCC fork.
It's healthy for the miners and economic nodes to try to force features into bitcoin. This whole process keeps Core honest, and makes sure bitcoin doesn't just become a technocracy, run by a bunch of computer scientists in an ivory tower. You don't have to give into every whim by the miners, but you need to manage them and give them small concessions (like 2MB blocks, IMO).
We'll see how secure Core remains if/when 80%+ hashing power switches to the fork. I'd agree that doesn't seem very economically sustainable ATM, though.
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