Bitcoin Forum

The track to less than $100 btc is on the way, many exchanges will close along with coinbase by Friday.. Prepare, get your coins out, sell now or wish you did.. more news coming soon.

You keep promising this news but so far, you're not backing anything up with any kind of proof.

Do you wanna make a bet on that?

  You seen the plummet thread it went to $102.. I just gave you more news,the proof will be once it happens, Im just trying to help is all..

For a few seconds because of someone dumping coins with no limit. The price rebounded mostly within the day.

Ok Im just trying to help with what I know once it happens you can find a new way to say I did not predict it.. Im only trying to help, I will leave here now..

No! Please don't leave. This troll thread was just so young, and now we're letting it die?

This cannot stand! I say we all give predictions of when each major exchange will halt withdrawals! And then we'll discuss how low the price will drop to. And then we'll talk about how at some point you won't be able to withdraw from any exchange, and then our only recourse to cash out fiat is by bartering locally. And then we'll talk about how all the users of Bitcoin will be arrested in a coordinated effort led by the government (just like that event in Florida). Oh noes!!!

Oh wait, there isn't any more snow...Oh well...

I don't know, you were requiring donations in order for people to find out what this inside info was that you had .... doesn't seem like you were trying to help anyone but yourself.

Here's the thread.  https://bitcointalk.org/index.php?topic=457615

Well maybe today! I tried to move my coin to my blockchain wallet from coinbase 45 minutes ago. I have ZERO confirmations and a ZERO balance now in my Coinbase wallet. Ferkin A. :-\ :-\

https://coinbase.desk.com/customer/portal/articles/1445308-2-10-2014-pending-transaction-balance-issues

Whats the problem? What is happening? I dont understand at the moment?

Huge DDoS attack affecting exchanges, among other various news stories - some of which are nothing more than FUD.

Hey, quit bringing up facts. Don't you know that FUD doesn't like facts.

Antonopoulos, who is the chief security officer of Blockchain.info, said a DDoS attack is taking Bitcoin’s transaction malleability problem and applying it to many transactions in the network, simultaneously.

“So as transactions are being created, malformed/parallel transactions are also being created so as to create a fog of confusion over the entire network, which then affects almost every single implementation out there,” he added.

As this increases in power the entire system will grind to a halt rendering the network useless. That is most likely what Bitcoinsteve is talking about. As people realise that the robustness of the network is actually quite weak we will see a reducing number of users and an increasing number of people leaving and dumping. Wouldn't you if all this would take place? We are seeing the start of this, and thus proving in principle that it is possible.

So if this is true then it is the end!? Can anyone really confirm this? Then I will sell because I invested too much.

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

It is 100% true.

Bitcoinsteve did call it going to $100 on sunday and everyone laughed at him... And then we all know what happened on BTCe...


That's a pretty spot on prediction, I'd like to see anyone else try to beat it.  

Well Im out until I get a clear rebuttal of this.

Actually i called it out a few days before Steve. 8)

Ok, ATH in march 2014 :-*

bitcoinsteve, is this the emd of bitcoin? what should we all do?

Yes, please.  Everyone cash out.

Like you do every time there is a scary moment.

Weak hands.

Bail.  So my stash becomes even more rare.

Thank you in advance.  You're making me wealthy.

-B-

That was pure luck, not talent.

Really?  If Bitcoin drops another 50% over the next few months, is he still making you wealthy by selling you overpriced coins?

Ordinarily I'd agree, but open your eyes, man! Major exchanges are halting withdrawals indefinitely. We're being told it's to sort things out and that everything is OK, but I can make a reasonable guess that there's more to the story. Bank runs, protocol bugs, we're taking hits left, right, front and center to our faith; this has been the worst week of news and system shocks in the history of bitcoin.

love these bears lmao

BittBurger is like the guy on the Titanic. "Life jackets? There's no need for life jackets! This will all be resolved soon and we'll be back in our rooms."

That won't happen if people cash out. It will only happen if people lose their coins (faster than new coins are mined).

Trying to help with what you know?

Source pls.

I thought that had to be the answer too, then I scanned through every post Steve has made. In all 70, there isn't a single other prediction. No retarded constant fud bs like Fonzie and bitcoinlickme do, just a bunch of normal posts not having anything really to do with speculating.
That ain't luck, the sob called the freak price and he called the f'n day.

Bye. Don't let the door hit you on the way out.

this is bears right now after the very weak capitulation and a bounce harder then we were at  ;D

https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcQn6FG6BdKDPI9xWhoL4vRd3tZBKHlRHr7koQ3_wAyfIebTmD-1

All this means is that BitcoinSteve knew about the DDOS attack. That's not a prediction. A prediction is that this is the end of Bitcoin. I predict it is not. LOL.

I'm confused .. in the topic you say Coinbase will halt withdrawals, but in the post you say it will close.  What did you mean to say?

Door? I got on the lifeboat. I'm watching the HODLers as they swirl their champagne glasses up on the deck of the Titatnic, thinking the worst is over, laughing at us "weak hands". I used to be like you, hold at all costs, but in the face of this news, you'd have to be insane to stay in bitcoin.

What news? BitcoinSteve and the ddos attack? Lol. Ok.

I'm a holder. I dont give a shit if the price goes to $400 next week. It was $120 a few months ago.

"Scoreboard."

How many DDoS attacks have we seen that prompted exchanges to stop withdrawals? Given my wisdom or instincts, whatever, I feel like this is going to get much worse before it gets any better. And bitcoinsteve is part of some nefarious insider group that has knowledge. That's the only explanation.

Bye!

You'll give a shit if it dips below your average buying price.

Uh, that $102 price at BTC-E doesn't really say much if no one else in the economy is willing to sell for $102.

No. Not really.

That's some serious faith right there.

Stop people. The guys a troll who made a lucky guess. There is nothing statistically odd about that.

Bitcoinsteve strikes again,
Nothing will hurt bitcoin they will always rise back up.
Dont worrie about this guy, He is just trying to play 1 of our strongest emotions: FEAR
Unless the world will be hit bye a nuclear bomb funded with bitcoins, BTC will rise

There is when the one time he decided to troll he was right on the money. I don't believe btc is done either, but that prediction was pretty freaky.

Yes, I seriously believe bitcoin will be successful.

I've been slowly putting my Bitcoin into physical cold storage .10 BTC at a time. I hate doing this because:

1) I like that Coinbase syncs with my Mint.com account
2) I like the idea that if I want to quickly sell and trade Bitcoins, I don't have to upload the physical wallets first and wait. Especially if they are at home and I am at work and want to sell.

That said, I am seriously thinking about offloading all of my Bitcoins tonight into physical wallet. I think the OP has a point, and that Coinbase will enter a brief period of shutdown where my Botcoins will be unavailable to me.

I don't have THAT many, but I should probably do like .25 at a time? Until they are all offline? I don't like the idea of doing them all into one physical wallet, in case something stupid goes wrong and they are all lost.

If any of you freaked out trolls actually can read - then you would have read this in the article mentioned above ( http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/ ) :

"“This is not happening to other exchanges because they’re not stupid enough to issue withdrawals without checking them out first,” he explained.

Antonopoulos said we will see a few exchanges suspend withdrawals temporarily while they re-work their accounting systems to ensure they are not confused by the attack.

“It’s important to note no funds have been lost. Withdrawals have been halted to prevent funds from being lost or to prevent the balances from going out of sync,” he stressed."

This problem is NOT the sky falling in. It only affects the older versions of bitcoind. Gox are using a modified version of an older client. So they have been affected worst. I don't think any other exchange does, but they will take care too to make sure the bug doesn't hit them.

Is anyone surprised that there is a constant effort to take down bitcoin? Of course there is. But they will not succeed!

The bug Antonopoulos is talking about it VERY easy for them to work around.

In fact this is BRILLIANT NEWS! It's not Gox trying to scam everyone as so many trolls here are preaching. It really is a bug in the old bitcoin client which is affetcing EVERY exchange and they will get it fixed very soon:

"An industry-wide coordinated response has been put into action, with exchanges and core developers collaborating actively to attack the problem from multiple angles.

Various other groups within the ecosystem, including the big mining pools, are working to stop the issue from propagating across the network.

Any exchanges that are affected are working on fixing their internal systems so they correct the account balances and can resume withdrawals as soon as possible.

“I would expect to see withdrawals flowing again within 24 and 72 hours, and in the meantime, any withdrawals that were cancelled will reappear in customer account balances,” Antonopoulos explained."

OK can we all agree to stop blaming Gox now?

But the trolls want cheap coins.. don't ruin their FUD now with logic and reason. :'(

Coinbase.com is very secure. If you feel the need to keep your bitcoin locally I think you would have to go to Armory using cold storage. Why would you only move .25 BTC at a time? Just setup Armory and move the lot.

Yes we will have to wait, BUT when mtgox enables bitcoin withdrawals again be prepared for the biggest rise you have seen.
I predict 2000-2500 per bitcoin soon.
Mark my words here is my adress already for my predictions like steve: 13iomuQqZuoGLQGfmKmZBa7wTa1ebDAoLs  ;)

I like how everyone ignores the fact that his "prediction" suggested that the price would be $100 on Friday... NOT that it would drop to $100 for a few seconds on one exchange on Monday.

There is a BIG difference between the price sitting at 100 on friday the 14th and what we saw happen yesterday.

But if ya'll want to continue to think he made some genius prediction, by all means, get on your knees and praise the guy.

Bitcoinsteve, bless his soul, wanted to name his new daughter after bitcoin. Thankfully he decided not to. In fact, I think his daughter is due any day now.

He is also a Christian and most likely from the US. As he was taking in bitcoin donations, he doesn't have a lot of coins and he is not part of any nefarious group with special information, AFAICT.

Now, how did he get the call on the drop right? Well, he didn't exactly. He called it on the day it happened, not the day before, but importantly he DID call it before it happened.

Bitcoinsteve claims to get visions, so maybe he is getting paranormal warnings or maybe he got lucky.  Insert your own personal philosophical beliefs here. But such things are unreliable at best.

I think Bitcoinsteve got lucky or was warned in a vision somehow, and now he sees everything as ending. Either that or he is related to someone who is connected to the group that is launching the DDOS attacks. Did someone mention large IT, govt backed organisation with sufficient resources to launch widescale botnet attack? How this will play out is anyone's guess but I think bitcoin will bounce back from this because the problem has been identified and therefore the protocol can be altered to fix it.

As for Gox dying, I don't believe that will happen because their cold storage was unaffected AFAIK.

mind you...

https://bitcoinfoundation.org/blog/?p=422

As you can see Gavin agree with my estimate of the situation, until a fix is presented (GMaxwell (Core #Bitcoin dev): It is exceptionally unlikely that malleability will be fixed in the year). A larger scale attack on the network would render more and more tx useless.

This is what I get from that post:

GMaxwell (Core #Bitcoin dev): It is exceptionally unlikely that malleability will be fixed in the year

Just because malleability won't be fixed this year doesn't mean they can't mitigate these DDoS attacks through other ways.

That made no sense unless you actually present a way to mitigate this by presenting a feasible course of action. Everything else is just hope and faith.

Can't you read? These problems are only appearing due to outdated or buggy software. If they fix these bugs and update the software, the problem will be solved.


So the DDoS attacks are exposing bugs in the exchange's software and thus causing problems. Fix those bugs and guess what happens?

I want to point and laugh at Steve and call him a "Big Dummy" but he might actually be right on this one. A flaw in the network is like ultimate doom, there really is no worse news.

Made plenty of sense.  Fix software reliance on tx ids and problem goes away, which gives the devs a whole year to sort out transaction malleability in protocol.

There is no flaw in the transactional capabilities of bitcoin, as of this moment.  The flaw is the way that transaction ids can be altered by rogue miners.  This is a coordinated attack by a small group of miners who are then spamming the network with dust.  Now, who would want to do such a thing?   Reliance on tx ids is not necessary for bitcoin transactions to continue. The spamming issue will be addressed via other fixes.  Software changes will probably be made to stop reliance on tx ids for now.  Once the issue is fixed at protocol level, the "flaw" disappears and the bitcoin protocol just got stronger.

just for fun,
for the public record my money is on ATH in may :) i'll dig this up later when it happens[/steve]

If Coinbase puts a hold on withdrawals it's only because the other exchanges won't let CoinBase pull BTC out.

Luckily CoinBase doesn't solely rely on the exchanges for BTC. They have a constant influx from Merchant Services...

I think it's plausible that they may delay BTC withdrawals; but they likely won't have to lock them down...

I think it's a reasonable assertion that they might feel a pinch by this; especially considering their recent buy orders have skyrocketed with the lower price...

Not like I'm going to turn off my miners anytime soon.

All this FUD and BS is going to lead to a drop, and then, it's going to bounce up.

And, there is nothing wrong with people's wallets holding the BTC, just with DDOS attacks that mimic transactions.

There is nothing to freak out about. Yawn.

Back to mining and our regularly scheduled program.

And now, for a little Mozart.

that was last week when they and stamp crashed 100 points lower than BTCe... plenty of us bought in the 630's and get those coins Thursday..  in the old days we would of had those instantly and you would of seen those notices they would throw up saying they ran out of coins..

now with the low cap they can get whatever coins they need within 5 business days

Trust me, I bought more on the 8th, 9th, 10th, and today... Unfortunately I missed the low point but I'm still happy with the current price...

The withdrawals did seem to take slightly longer, but in a matter of an hour or so the withdrawal requests were filled.

This is true, and bottom line is that if bitcoin really was on the verge of failure (and he knew it), then he wouldn't be asking for donations in BTC for his "secret inside knowledge."  He would probably be asking for cash through paypal or beanie babies or something like that...

look at the last few commits in the bitcoin github master branches commits, and in particular look at:

https://github.com/bitcoin/bitcoin/commit/19e5b9d2dfcac4efadba636745485d9660fb1abe

it seems that they are doing something.

The DDOS is due to the fact that most clients currently allow you to spend unconfirmed change outputs.   There are already patches being worked which will allow the user to require at least 1 confirmation before spending change outputs.  There are also patches being worked which will hide the duplicate transactions.  

Exchanges and service providers will still need to not rely on tx id as canonical proof of payment but they shouldn't be doing that right now anyways.  Relying on tx id as confirmation of a withdraw won't result in a denial of service, it will result in the exchange being robbed.

More info:
https://bitcointalk.org/index.php?topic=460944.msg5089865#msg5089865

Also not all services are halted.  BitSimple is still operating, the malleability of tx id doesn't affect our processing engine at all.

I agree with OP, Bitcoin is going to crash SO HARD

https://bitcointalk.org/index.php?topic=442939.msg4864894#msg4864894
Your predictions suck, go back to your hole.

Nice trolling OP , but I think you'd better move to trollbox.

This is a place for serious speculation, no ass talk.

Threads like this panic gullible readers who in turn cash out to the benefit of the trolls that are causing this panic in the first place. So tell us OP have you sold yours? Can you back it with some proof too you big fat troll?

also kraken.com is uneffected

And I've been waiting for 6 confirmations all this time  :P

did you go under the $10 minimum and not be able to chat in the box over at btc-e?

They can fix the symptoms by today.  Fixing the problem that causes the symptoms will take more than a year (and probably over 51% of the network to agree and every wallet user to get a new wallet, which probably won't happen soon).

Thats how the whole Humanity works...

you broke your arm? -here take some painkiller!
youve got an burnout? -dont change your life, just take some antidepressants!
your economy is sick? -well lets raise the debt limit!

but you know what? there are still people living on that planet!

So why should bitcoin go another way? it still works, and im fine with that.

hello puppet :)

Would you look at that?

From 560ish to 640ish all in one day.

I just checked the Coinbase website, no mention of them stopping BTC transactions.

Coinbase current price for buying BTC is 657.10 USD.

I also checked for pieces of sky on the ground around my house. I could find none.

I looked up, there was the sky, and the moon was coming out, right on time, after the sun set.

Nothing to see here. Move along.

Yawn. I'm going to bed and am going to sleep soundly, counting BTC to help me go to bed.

Another useless thread come and gone. What a non-event, non-surprise, waste of bytes.

He obviously knew about DDOS planned but thought it would bring more panic than it did.

Guess he doesn't know bitcoin is honey badger, the power of the nature.

the FUD is deep with this loser

but the name of the game is speculation for BTC. maybe next year we can talk about it actually becoming a dignified currency.

wow name calling?

Friday is over. Coinbase never halted withdrawals. Bumping this thread for the lulz.

This FUD landed with a thud.

Ill let you know the next doom I sense, either way BTC is heading down, altcoins are where its at.. fedora, nxt, ripple..

Steve, you have your cheap coins now, mission accomplished. Why not ease off on the FUD?

Im sorry just speculating my opinion...

and you're entitled to,as well  ;D
it's just that...it's seems like you're trying too hard on the bear side as off late

Seriously, go speculate somewhere else. You provide nothing positive to this forum, speculation or otherwise.

Ignored.

Open letter to bitcoinsteve,

Please stop inciting innocent people with your uneducated, ill-informed campaign to spread Fear, Uncertainty, and Doubt. You got lucky with your first prediction, I will grant you that; however, it was through a sheer, dumb luck and being at the right time. You provide your "opinions" as speculations and prediction WITHOUT any technical analysis, no explanations or rational thought processes. There is NO science or art involved in your spoutings.

Just STOP.

I am getting sick and tired of your ugly attempt at misleading bitcoiners. How many weak-minded and newbies have you got deluded into thinking that bitcoin is going to the toilet?

Just STOP.

NOW.

what is bitcoinsteve is actually the one who sold all his coins, to get the prise to 102$ ??? :D Poor steve.


But there is one thing i want to know, how much have you got from donations and what have you told to the people who donated to you?

:D please tell us, it would be fun

Is it still crickets from bitcoinsteve, or has he been back to his threads lately?   I wonder how much he got donated to him?

Idk how much he got, but he was also preying on people on the GLP forums (under a different username), and who knows where else.

He deleted all his GLP doom threads on friday after they all failed miserably though, so that there will be no negative history of his crap the next time he tries to scare people out of their money over there.

you ask me to stop then you all egg me on for more?

bitcoinsteve can't be banned. he'll come back as some other username offering "advise". tis the pitfall of the fucken internet

Im done giving advise..

You don't have anymore gems for us?  Whether you got legitimate information from someone, or concocted it yourself, it definitely has made for an interesting and entertaining read :)

good now get out. don't let the door slam your ass too hard

Fail.

Stop posting.

Thanks.

how is your advice useful when it's wrong and likely pulled out of a buttocks?  ???

advise =/ advice.