Is it save now to keep BTC on blockchain info
and what happens with it after fork
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17536. (Read 26713700 times)
March 23, 2017, 06:06:23 AM
Hey guys
Is it save now to keep BTC on blockchain info
and what happens with it after fork
Is it save now to keep BTC on blockchain info
and what happens with it after fork
March 23, 2017, 06:01:52 AM
Maybe a large short position was taken out around $950 in anticipation of sales that then got unexpectedly bought up by a raging bull market? Now a very large Chinese miner and fabricator is actually under water to the extent that they are very desperate for a much lower price for its business survival? Such a desperate actor will do anything, including threatening to fork bitcoin or otherwise nuclear options, since it is going bankrupt anyway.
Mind blown. Do you think this theory holds water? What signs would point to miners taking out big shorts?
The Chinese exchanges always had an enormous amount of leveraged trades, which the miners potentially could have been a big part of. But wasn't leveraged trading stopped as part of PBoC sanctions? And it doesn't look like those trades moved to Finex, they mostly disappeared. Or do you think that they still do it, but under the table?
March 23, 2017, 06:01:36 AM
I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing....
(or do I have this wrong?)
Yeah, that's right. You own 100 BTC in both chains. So it doesn't matter to you which one is worth more $$$ or even if one of them dies. You just have to wait patiently until the smoke clears...
Miners however can only mine on one chain. So they have to choose the winning side.
Eh. In theory, I think. But the problem is that in theory, theory and practice are the same. In practice they're not.
It makes sense that current value would be perfectly split between the two chains, but I doubt it will pan out exactly like that. One (I wouldn't dare to speculate which) might essentially be treated as an altcoin, with lower volumes and liquidity, which could be manipulated, pumped, whatever. Where there is money, hashrate will inevitably follow. Both chains will persist for a long time, even if one has 1% the market cap of the other. My guess is that total value with oscillate around pre-fork value, with some pretty wild swings.
The rational thing to do is ensure you have all your own keys, sit patiently and wait it all out until the winner becomes clear, then access the BTC on that chain as normal. Unfortunately, 'rational' is an adjective that applies to neither markets nor bitcoiners.
March 23, 2017, 05:56:03 AM
I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing....
(or do I have this wrong?)
Yeah, that's right. You own 100 BTC in both chains. So it doesn't matter to you which one is worth more $$$ or even if one of them dies. You just have to wait patiently until the smoke clears...
Miners however can only mine on one chain. So they have to choose the winning side.
my choice of Evil KNC Titans mining LTC to BTC the last 2 years has paid off...evil they are ..you dare not make eye contact with them doing laundy (the ones I have in basement and not data hall) ....well if you piss them off they try to brick themselves....but hey evil pays....bruahahahaha (cough) got to work on the evil laugh however.....(whew..passed on the bitmain stuff for btc miner temptation)
Just to keep this on topic as a 'speculaton thread" a person needs to consider this HOW you are speculating to get BTC via method of mining and holding...my above method..or trading..or heck..whatever moves crypto of your flavor back to Bitcoin.....or so my theory goes
more then one way to 'speculate' on how to get a btc hoard!
March 23, 2017, 05:53:26 AM
I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing....
(or do I have this wrong?)
Yeah, that's right. You own 100 BTC in both chains. So it doesn't matter to you which one is worth more $$$ or even if one of them dies. You just have to wait patiently until the smoke clears...
Miners however can only mine on one chain. So they have to choose the winning side.
March 23, 2017, 05:47:09 AM
I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing....
(or do I have this wrong?)
I just said something similar to this... when they will try to move money back from BTU back to BTC... and one will go up and the other down.
exactly..but if you HOLD both ....one wins one loses...you will have NO less then 100 coins that you started with ....either BTC or BTU as a winner...then again....the coins after
all this FUD and drama will likely be 200 usd each...but hey.....CHEAP COINS/CHEAP COINS/CHEAP COINS...(then again coward that I am....I would have quite the 'fret fest' thru
the whole roller coster ride to determine the 'WINNER' ....assuming say BTU was to win and we have 200 buck BTC again..what do they call that a phyric victory...you burn the
house down ..rather then lose the house to the invaders.....but hey...its a win it is still your house!)
(silly frigging crypto hobby..I have to be out of my frigging mind.....)
March 23, 2017, 05:27:53 AM
I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing....
(or do I have this wrong?)
I just said something similar to this... when they will try to move money back from BTU back to BTC... and one will go up and the other down.
March 23, 2017, 05:24:31 AM
I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing....
(or do I have this wrong?)
March 23, 2017, 05:17:35 AM
BU signalling is the equivalent of a false sellwall in markets.
Will get pulled once Bitmain Tech Limited are done with their buying.
March 23, 2017, 05:02:23 AM
I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
By activating SegWit and allowing layer2 solutions to be deployed, Bitcoin would soar in price due to higher utility and higher transaction throughput causing a stronger network effect - therefore increasing the mining revenue.
I am curious if this drama is really financially profitable for this mining company.
March 23, 2017, 04:55:43 AM
I just don't get why they don't understand that people from the rest of the world will follow Core than Unlimited.
Oh, they understand it very well. What they do is not intended to cause hard fork. What they do is intended to cause significant price drop. Shortly, they are bluffing. But bluff has also a price they will have to pay at the end.
Well my theory is that its a ponzi scheme, or at least a pump and dump maneuver. Split the coin in 2(double it)... then take that value and invest it back to BTC while the price is down. But... I think people from all trading platforms are reading this thread. And that meaning the price will not go down, but actually go up for the BTU ppl to get jack sh** ...
*edit: But... isn't all of this... just an artificial increase in "fake pumping" if it comes back?? Meaning there will be a retracing... or they are seeking to achieve more violent / brutal volatility??
March 23, 2017, 04:20:29 AM
I just don't get why they don't understand that people from the rest of the world will follow Core than Unlimited.
Oh, they understand it very well. What they do is not intended to cause hard fork. What they do is intended to cause significant price drop. Shortly, they are bluffing. But bluff has also a price they will have to pay at the end.
March 23, 2017, 04:16:15 AM
I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
I also have seen a interesting article about firing the miners. Maybe thats the final solution to make bitcoin healthy again? If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
March 23, 2017, 04:13:56 AM
I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...
March 23, 2017, 04:13:33 AM
There is no fork. Is this the bottom?
You are the worst. Just a baghodler who want other people getting burned so that you can cash out when they are getting rekt. Bitcoin needs a fork because they have to fix some serious scaling isues. ??
I do not need anyone to do anything. I've invested in bitcoin and I'm very happy that I did. Go ahead and sell your coins, I couldn't care less. Actually I hope that you leave bitcoin because you're a troll.
I'm confident that the scaling issues will be resolved without causing too much trouble. Some of the most intelligent people are working in the bitcoin space.
March 23, 2017, 04:06:17 AM
There is no fork. Is this the bottom?
You are the worst. Just a baghodler who want other people getting burned so that you can cash out when they are getting rekt. Bitcoin needs a fork because they have to fix some serious scaling isues. ??
I do not need anyone to do anything. I've invested in bitcoin and I'm very happy that I did. Go ahead and sell your coins, I couldn't care less. Actually I hope that you leave bitcoin because you're a troll.
I'm confident that in the end the scaling issues will be resolved without causing too much trouble. Some of the most intelligent people are working in the bitcoin space.
March 23, 2017, 04:03:57 AM
They don't have an option of 'I don't care as long as this gets resolved'
March 23, 2017, 04:02:51 AM
There is no fork. Is this the bottom?
You are the worst. Just a baghodler who want other people getting burned so that you can cash out when they are getting rekt. Bitcoin needs a fork because they have to fix some serious scaling isues. March 23, 2017, 03:53:10 AM
There is no fork. Is this the bottom?
March 23, 2017, 02:37:45 AM
Maybe a large short position was taken out around $950 in anticipation of sales that then got unexpectedly bought up by a raging bull market? Now a very large Chinese miner and fabricator is actually under water to the extent that they are very desperate for a much lower price for its business survival? Such a desperate actor will do anything, including threatening to fork bitcoin or otherwise nuclear options, since it is going bankrupt anyway. Maybe it is as simple as someone who overly centralised power, and therefore risk, around themselves miscalculated with derivatives bets and now wants a bailout, again?
That is exactly what I'm saying from the very beginning of this blocksize "dispute". It is time for Bitmain either be a regular pool or go bankrupt and clear the way for new pools.
I just don't get why they don't understand that people from the rest of the world will follow Core than Unlimited. They just don't have the necessary infrastructure. On all exchange we are trading Core! Not Unlimited! ... They are just one of those "Fugazzi" pixie dust believers.
*edit: China miners should just F*** Off... because they will not get their way!
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