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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16756. (Read 26713087 times)

hero member
Activity: 600
Merit: 504
Good morning Bitcoinland.

Still hanging in over $3kUSD/4kCAD basically going sideways at $3259USD (Bitcoinaverage) while Altcash continues to slide down to $208USD.

As difficulty drops on the Altcash network, transactions will speed up, allowing more people to dump their free altcoins while they can still get something for them.

Let's see what segwit brings.

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

Many of us voted $3500 because it was the highest option available in the original poll and you can't change your vote.

The last 2 options were added after it burst past $3000 a couple if nights ago.

realice dos transacciones, una en bitcoin core y otra en cash.

Fee btc 1.4eur
Fee bcc 0.03eur

No digo mas. Tardarón lo mismo, contando que la dificultad de bcc aun no esta ajustada. Además de la campaña por parte de Core mineros intentando sabotear el ajuste automatico cada 12h. Realmente patetico, pero aquí la gente como corderos con los ojos vendados
legendary
Activity: 3794
Merit: 5474
Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $

It's just the beginning

I'll go ahead and be contrarian here. Why would these people want to collapse the U.S. Dollar if that is where they house the majority of their wealth. If they wanted to avoid the issue of the price increasing as they acquire they could just... not acquire. And look elsewhere for a cryptocurrency system, hell, even one they themselves create.

Something tells me several of those people already own a few bitcoin anyway.

They don't want to see the U.S. Dollar collapse. But it is already collapsing through out of control money printing and zero interest rates.... so their stocks will continue to melt up. At least until the worldwide Bond market implosion happens. Then stocks will fall to a fraction of what they are now.
legendary
Activity: 1078
Merit: 1441
Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $

It's just the beginning

I'll go ahead and be contrarian here. Why would these people want to collapse the U.S. Dollar if that is where they house the majority of their wealth. If they wanted to avoid the issue of the price increasing as they acquire they could just... not acquire. And look elsewhere for a cryptocurrency system, hell, even one they themselves create.

Something tells me several of those people already own a few bitcoin anyway.


the US dollar is doing quite a good job of collapsing itself
member
Activity: 98
Merit: 10
Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $

It's just the beginning

I'll go ahead and be contrarian here. Why would these people want to collapse the U.S. Dollar if that is where they house the majority of their wealth. If they wanted to avoid the issue of the price increasing as they acquire they could just... not acquire. And look elsewhere for a cryptocurrency system, hell, even one they themselves create.

Something tells me several of those people already own a few bitcoin anyway.
legendary
Activity: 1358
Merit: 1016
Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $



It's just the beginning

I wish they'd bloody get on with it
legendary
Activity: 1281
Merit: 1046
Wait till these guys start buying with at least 5 percent of their fortunes
https://www.forbes.com/billionaires/list/#version:static

It will be impossible for them to acquire without increasing the price by tens of thousands of $



It's just the beginning
legendary
Activity: 1245
Merit: 1004
Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .
The fuel should originate from BCH dumps. On a daytrading shedule the volume of these markets should preceede BTC price movements.
Once mining BCH equals mining BTC from revenue this effect might stop.
legendary
Activity: 1078
Merit: 1441
BCH Price under $200 at the moment.... and most BCH coins have not seen an exchange yet
snip
snip

snip

Can anyone tell me  how many BCH coins have moved in past 7 days

(suppose  bitcoin days destroyed would spike though, as people would be moving coins from wallets as they are exposing private keys to claim their BCH)

(Thanks  Smiley)

(snip)
So a little over 1.7 million it appears (based on my ever-so-in-depth research)
*results may vary


So accounting for trading velocity and also the sent/active users- it seems likely that all of the coins have NOT hit the market... even if you account for only say 5 million potential coins - we are still way short ....especially considering trading - some traders bought and sold more than once- and there were people buying coins with fiat and BTC that did not receive coins via the fork...that  I am wondering if we will see a further dump when segwit locks - though I do acknowledge that many users just cannot be bothered to do anything with their BCH coins at this point.  


(side thought - I also wonder if it will give some hedge funds with BTC exposure a nice year end boost- and if they will dump out BCH at the next opportune moment)

(also am I right in thinking if there was a mass exodus and large numbers of Bitcoin holders claiming their BCH in their new Bitcoin Cash wallets , wouldn't we would see a spike in Bitcoin days destroyed? as coins that have not been moved for a while i.e the corresponding BTC are moved into new wallets whilst claiming the BCH (to protect the BTC  private keys) )
hero member
Activity: 1034
Merit: 558
Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .
To me it seems to be unpredictable atm.
It will make a decent  correction sooner or later, so my waiting tactics is still on Smiley
sr. member
Activity: 1297
Merit: 294
''Vincit qui se vincit''
I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.



Just as long as he buys the island from someone who accepts BTC and will Hodl. Otherwise, the BTC market would collapse. At least temporarily.
We need satoshis private key to dump bitcoincash only. Even if theres an island for sale for btc. Satoshis identity will be known. New ATH again. I imagined satoshi/they fapping thinking that his idea is the greatest.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Good morning Bitcoinland.

Still hanging in over $3kUSD/4kCAD basically going sideways at $3259USD (Bitcoinaverage) while Altcash continues to slide down to $208USD.

As difficulty drops on the Altcash network, transactions will speed up, allowing more people to dump their free altcoins while they can still get something for them.

Let's see what segwit brings.

Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .

Many of us voted $3500 because it was the highest option available in the original poll and you can't change your vote.

The last 2 options were added after it burst past $3000 a couple if nights ago.
member
Activity: 171
Merit: 10
Many voted for bitcoin price to reach $3,500+ by the end of this month but my prediction something might go over 5000 $+ + because it is going very fast while everyone else holding .
legendary
Activity: 1806
Merit: 1828
I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.



Just as long as he buys the island from someone who accepts BTC and will Hodl. Otherwise, the BTC market would collapse. At least temporarily.
legendary
Activity: 2702
Merit: 2053
Free spirit
I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.

legendary
Activity: 1078
Merit: 1441
You know what would be awesome...  If some of the gigantic genesis block Satoshi wallets piled their BCH onto an exchange and crashed the schidt out of the price... rinse repeat... then back to sleep.

Apart from everyone would freak the absolute fuck out if Satoshi did anything, ever, again  Cheesy

Absolutely bananas I tell you.

But yeah it would be something to behold..
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
You know what would be awesome...  If some of the gigantic genesis block Satoshi wallets piled their BCH onto an exchange and crashed the schidt out of the price... rinse repeat... then back to sleep.
legendary
Activity: 3808
Merit: 7912
BCH Price under $200 at the moment.... and most BCH coins have not seen an exchange yet

snip
 

snip



snip

Can anyone tell me  how many BCH coins have moved in past 7 days


(suppose  bitcoin days destroyed would spike though, as people would be moving coins from wallets as they are exposing private keys to claim their BCH)

 Here's a chart from Cryptocompare.com.



Volume data shown is hourly for 5.5 days (ending at noon EST today) so let's pick an average line through the data (I'm calling it 13k).
13,000 BCH/hr X 5.5days  X 24 hrs/day = 1,716,000 BCH

 So a little over 1.7 million it appears (based on my ever-so-in-depth research)
*results may vary
legendary
Activity: 3794
Merit: 5474
A lot of BTC holders have BCH, but don't really care. Many don't even know how to access their BCH.

Those that do care, likely are waiting for a future date to trade them.

I moved my BCH to an online BCH wallet, that currently throws errors when I try to spend them.  Tongue
legendary
Activity: 1078
Merit: 1441
BCH Price under $200 at the moment.... and most BCH coins have not seen an exchange yet

snip
 

Most of BCC coins HAVE already seen the exchanges, the bitcoins that haven't probably never will... you can see there is almost no transactions (in the meaning of daily circulation of BCC) today compared days before today. It's been already dumped.




... are you sure about that ? current total volume over the past week across exchanges is  $1,151,633,897 (https://coinmarketcap.com/currencies/volume/monthly/

...so given the current supposed BCH in circulation, which is a figure that will be below 16,483,450 coins for obvious reasons  (and there have been around 44K active addressees in past 24 hours)

(Active addresses since Aug 1st https://bitinfocharts.com/comparison/bitcoin%20cash-activeaddresses.html )  

(Sent from addresses since Aug 1st https://bitinfocharts.com/comparison/sentbyaddress-bcc.html

...and given that the coins have traded between $650 ish and down to $195

.... the figures do not seem to add up?  

BitCash days destroyed anyone lol

Unless you think that a lot lot lot less than 16.xx million coins will be reaching market ie merely 5 ish million ?  do you  think that 70%of the coins will never be moved (neither the BTC nor the BCH? and are lost forever?)


Can anyone tell me  how many BCH coins have moved in past 7 days


(suppose  bitcoin days destroyed would spike though, as people would be moving coins from wallets as they are exposing private keys to claim their BCH)
newbie
Activity: 56
Merit: 0
Well the author did well in unmasking this "Spoofy".
However; first I disagree with his statement that it is one entity - could easily be multiple entities with same/corresponding agenda. Also it's worth noting that most traders don't give a damn about the orderbooks. Everybody who's trading Bitcoin knows of the markets unregulated nature and thus orderbook shenanigans.
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