Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BitUsher
on 20/01/2016, 23:33:11 UTC
I am doubting myself for being bearish but at the same time this pump does not make too much sense.
I feel like this should dump back down. What am I missing here?

Take a look at the Stock markets today and the price of oil. Bitcoin is becoming the new "gold" where investors park their assets in times of economic uncertainty and a hedge against the other investments.  

Quote
the economic majority on the chain with less hash power


If you are on the weak/shorter chain, you are already the economic minority. You can convince yourself otherwise - that big bags of coins will redress the imbalance - but it wont. Only deliberate fraud and criminal actions will delay the inevitable - and I'm sure you are not really proposing that.

This is pretty much right, except that you can't entirely determine which chain that will be until after the fact. During some unspecified time horizon there may be ambiguity.

People are all entitled to their beliefs about which path forward is the best or will actually happen, but talk is cheap. Only real trades matter.


Mostly agreed , the discussed attack is best served during the transition and quickly after the fork occurs. which is precisely why contentious hard forks should have 95% of miner support to insure this isn't a possibility.