Bitcoin Forum

I have only been here for one big ride up back in Nov 2013, but I was around for the 6 months leading up to that and I am seeing many similarities between the $120 price range of that October and the $450 price range of now. Other price parallels: 90 --> $250, 260 --> 1200, 1200 --> 5000+? Silk Road --> Scalability.

At the time, there was an incredible amount of good news and press flooding in, only half a year before there had been another big run-up. Adoption was coming, it was on the precipice, and I happened to be one of the adopters at that time.

Then the price tanked back below $90 on the news that Silk Road had been seized. The press declared the end of bitcoin in unison.

Other than scalability, all of the news has been amazing. Paypal just put the founder of Xapo on their board! Microsoft Azure integrating Bitpay and Ethereum in their new blockchain project. Millions being invested in private chains in financial firms. Just all year it's been ticking along without the price cooperating.

Big money is coming in, just look at all of the exchanges that have made it their business to allow whales to come in without effecting the price. But this coin availability inevitably dries up as people like me (though with many more coins) hold.

What if one of these big movers on the buy side decided it was worth it for them to pay off or extort Mike Hearn? Just to tank the price temporarily so that he can get his money in... How farfetched is that really?

Whether extortion or not, the media's call of the end of bitcoin is crazy, and if Mike was earnest in his Medium post then he's driven himself crazy along with them.

Total collapse = price jump?
Mental issues?

don't need divas like Hearns

and a bitch at that, whines like a bitch on the way out.

long term good.

I have to work with idiots like this all day, who think no one can possibly program like they do, and the world will collapse unless things are done exactly their way. No compromise whiney diva with no people skills.

Very good analysis.  Keep it up.

Jump into a hole?

Very much true what you are  saying.But Microsoft  has agreement with Emercoin not bitcoin,Etherum is not  bitcoin,money are going in to technology not bitcoin etc

LMAO!
 ;D

Pass me that blunt dude. I gotta hit that.

Oh shit! Mike Hearn quit. This must be the end of Bitcoin!
Bitcoin is doomed, everybody sell now before it's too late. I need cheap coinz. :D

Well the price range you mentioned was wrong, even at the time you posted as were on the downward trend now, since one any hald day ago and so far no sign of any jump certainly and it's actually the opposite at the moment.media always tells crazy stuff and we know it since they have to sell the news, reliable or not.

Do you guys read anything outside of the echo chamber?  Mike has been yelling about this for a year.

Theymos bans coinbase for testing a different client.

He bans Mike too (I think). 

Everything he talks about he has been talking about for a long time.  And he finally reached his conclusion.  This wasn't some overnight thing.  And you think he was just manipulating the market and it's a bullish sign?

Forgive the trolls, they dont know any better.

Let me fix the title for you:

Mike Hearn exits, sign of big price DROP!

There is no reason the price will have a big drop because Mike Hearn has left the development of bitcoin.

Fuck Mike Hearn and his fucking pity party FUD bullshit.

This is nothing more than a feeble attempt to drop prices to grab more coins before the halvening.

Shame on any fools who panic sells because some princess decides he wants to step out the pool.

Just a coincidence...

Oh, Klye, almost forgot: when can I watch you fuck on cam? (probably not Mike tho, because no homo. I really like to watch guys copulate with females. In the vagina. Long as I get to see the D every once in a while.)

anyone who has worked in a big team knows , lots of guys kick and scream on the way out , predicted flames fail to follow ....

Yeah I think its just a coincidence. China might be dumping some of their coins on the bitcoin exchanges.

hahahahhahaha, These days I'm more focused on getting the site fully developed than getting on cam and banging broads.
Also I have a girlfriend now, and she isn't exactly keen on me banging random girls on cam...

However I welcome you to hop online and bang out some broads, or stream some games, Whattever. :D
KLYEMAX.COM (http://klyemax.com/) is up and running, hoping to get some folks on their streaming some fun stuff.

edit* sorry for the sidetrack.

But the guys who are patient and trying to maintain their calm in almost every situation win most of the time.

Well, once an asshole like him get out, the market might recognize BTC as being much stronger and push the price up.

So yes, getting rid of FUDsters and weak hands might be good stuff in the end.

the moment you will stop giving importance to those people, when bitcoin was clearly mean to be decentralized with no a central autorithy, the more you understand that what they are advocating it's not so vital

he just shared his opinion, which seems to be wrong also, chinese have profited of this occasion, to instigate a panic selling

if you view your "anti-fragile currency" being much stronger by one person leaving.  Then don't you think it's pretty pathetically weak?

Mike Hearn exits, sign of big price jump?
For a huge price jump we need to see a scalability solution accepted and the end of this eternal "forkin' mess".
If Mike Hearn exiting is a step towards resolution, then let's finish the rest ASAP.

Hearn showed immaturity as a developer.  Maxwell actually makes sense.  If he worked on large projects (with large teams) and had to compromise
to come up with a solution that is good for the project, he would know better.  Instead he behaved like a little kid fresh out out of school; I know better, my way is the best.

Decentralization, independence of any authority (banks, governments) is paramount.  Slow growth is actually desirable.

Why would someone wish bitcoin becomes another Paypal or Visa is beyond me.  Just use Visa or Paypal/Visa if you want fast, reversible transactions.
I don't understand why some people want bitcoin to replace Paypal or Visa.  Where is the innovation in that?

Store of value, settlement are far more desirable features as this commodity cannot be easily confiscated or depreciated.

Bitcoin as a currency will become another alt coin sooner rather than later.

I hope core does not lose control to classic/unlimited/power rangers.   It will be a disaster in the long term. 

I would not be surprised if whales just use all that Mike Hearn drama to drive price bit lower and gather more coins before halving event.

Still time to avoid a complete disaster. Since we do not have Satoshi to lead, we need devs who can remain "loyal" to the ideals of decentralization & independence of any authority.
Where are the Libertarians when we actually need them?  :D

If bitcoin was dependant on one man, it would be at zero already

The rest of the foundation could leave as well and they would be simply replaced with people who want to be there

The ban wasn't for testing XT, but I know you want to promote that false narrative.

Brian Armstrong is a Grade A shitlord and doesn't grok Bitcoin at all.

Besides the support for contentious hard forks, and all the abusive privacy invading crap Coinbase does to their customers, and the Bitcoin Blacklisting Blockchain Alliance, there is this:

https://i.imgur.com/98Iq2o7.png (https://twitter.com/brian_armstrong/status/688398372521168896)

He and his bankster friends sold, once people realize this was a scam and once people realize Classic is XT 2.0, we will start going up as Core rises triumphant with the up and coming 0.12 update.

i'm surprised to see nobody is talking about the Cryptsy goxxing.

Cryptsy is nothing compared to Gox.

While his blog post is not totally untrue, i think that the matket overly reacted to his comment and exit. So, i believe the price will be back to where it was beofore his post. Plus the block size debate seems to be settled down.

My speculation about Hearn being coerced to leave seems to be echoed in the media coverage, there was a panel where an R3 member foretold the publishing of Hearn's Medium post before it went out. Makes total sense to me that his 40+ bank clients would want him to publicly disassociate himself with bitcoin, possibly so they can buy a few million themselves before the next big price surge.

The reason that the exit with the coercion and short term price drop is a sign of a future price jump is because it means that big money is making a last ditch effort to get in before the free coins dry up. Big enough money to get Hearn to publicly denounce bitcoin.