Bitcoin Forum

In light of what happened just last week where an apparent attack against Bitcoin was staged and manipulated by some groups supposedly connected with and to prop up the value of BitCoinCash, I felt a little bit discouraged because I realized that anytime the same thing can be done anytime and soon an attack can caused irreversible damages to Bitcoin.

Right now, things are getting back to normal and Bitcoin is showing the resiliency that many expected it would. Down the road, it is maintaining its strength in the $6,700 - $6,900 level and we all happy and satisfied with it. Do you think we are already back on track?

I can saw price at this moment like has out by wave, Now like on stabilized tracks. in last week ago a price hike caused by hardfork? and a few news about amazon shop has reserved domain *smeel bitcoins*. So, price of bitcoins will up more on lastyear,maybe.

Yes,bitcoin is already back to the track as we can see the the price keeps increasing from yesterday and currently the price is nearly to $7000.I feel pity for those who converted bitcoins into bitcoincash because the price of bitcoin got stabled at about $1300 i don't think it will increase further.
But still some problem for bitcoin is their transaction fee is still high,I hope it will be resolved soon by the bitcoin community.

Yes and definitely a high price we can see in restoring the vitality of bitcoins. So buy bitcoins as much as its price is cheap. That we can not repent at the end. It is expected that By the end of December the price will increase by $ 10,000 and a further 20,000 $ by the middle of 2018.

We never lose our track, these kinds of events usually happen. The dump is just normal compared to the previous dumps that occured it was quite a small percentage. There are just so many things that happens that most people associates to the decrease of the price of BTC. Bitcoin is unstoppable and it easily recover. Hodl. :)

By the way it realy seems that Bitcoin did pretty well with all this bullshit. If you accept the fact that the price of 7$k was overpriced because people were buying BTC before the fork then you will probably understand that the correction was just a matter of time. So if you forget about all this mess then 7000$ - 5 000$ may look like a usual correction after the big growth.

I can see prices sometimes price up and sometimes down like the waves at sea, not necessarily when stable

Yes, the risk period is over, and I think it's back to the right track. It's expected to reach $8000 at the end of the year, a bit crazy, or even 1000 dollars. Maybe bitcoin will give you a new year gift pack, there's nothing impossible!

Nope, Do you think the pumpers of BCH will just let it down? Obviously No, they will find another way to return their investments. This price manipulation and FUD will not just stop there. I assume that another dump will happen within this year.

NO,  

STILL 79199 Unconfirmed Transactions until this # drops to less than 10000

Transactions times will be too long and Fees too high compared to every other way to transfer money.

Problem is the # is only really dropping because people are either not sending btc but waiting , or they are using altcoins and bypassing the stupidity altogether.

Once people think the all clear is given they will start trying to use btc again and cause another transactions pile up which drives up fees and increases delays.

Make no mistake until the Core Devs get off of their incompetent Lazy assess, and increase ONCHAIN transaction capacity , your problems with btc will never end.
 

People that want to spend bitcoin are still spending bitcoin regardless of the unconfirmed transactions.

If you use recommended dynamic fees you will get through, although it will be quite expensive.

I observed the same way you do. Those whom making such move on pumping bitcoin cash are the same person who are complaining the price of bitcoin that is unaffordable. The reality is they do have self interest and have invested to bitcoin cash for that reason. But as of now that the price rallying back again to its track the attacks will not stop and will continue until they will be tired of.

I also think the bitcoin cash team are not done quite yet. As far as Bitcoin transaction, also take into account the hash-rate games being played. Even without the backlog of transactions, the average block is taking 15 minutes to find or 4/hour versus the normal 10 minutes or 6 blocks/hour, backing up transaction even more. The bitcoins cash team seems to be tatting on all fronts at once.

I think it's a good time to buy bitcoin these days. Because it's almost predictable that bitcoin can't reach 5000 dollars in a short time, and I even think it will reach $10000 in 2018. So, now is the time to buy.

We've  stabalised for now but that doesn't mean there will be more ups and downs (or 'attacks' as people seem to be calling it). The price of Bitcoin has dropped many times before, you just have to hodl through if you're in it for the long run.

As you say we don't  because it might be happen the same things again. But i believe that the bad have nothing do on good things. They no match to bitcoin. We cannot sure that we are back on track now but if the price of bitcoin now is good then i mist say it that the bitcoin is on way to the good track.and i believe that sooner the price will rising up or higher up than now even though that the price of bitcoin is unstable and fluctuating

As we expected bitcoin still came victorious despite the attack on it, weak hands showed their color and and that is very much expected for those who doesn't support Bitcoin 100%. We can see that manipulation of prices are getting into the nerves of Hodlers and that we can't blame some for it might be their only possession as of the moment, nevertheless many supporters are smiling due to the strength of bitcoins stability.

Yes it could happen any time, even when you are asleep but what you don't realize is a pump and dump only becomes successful when the other users take part in it. If the particular group who is pumping the coin does not get any participants then there is no use of such pumps buddy.
So it actually depends on us whether to take part in it or not. Obviously we wont as we know how it is affecting Bitcoin. I didnt took part in it at the first time. So if you want to prevent such attacks on BTC then just stay away from such manipulatoin.

OP is talking about "price" and the market being back on track or not. and it is back on track.
as far as price, it is already back up to nearly $7000 and soon it is going to be officially over. the bitcoin cash FUD is fading a way and the panic vanishes with it. and whales have been accumulating while weak hands slowly come back. current price is the bottom of a normal correction meaning back to normal or "back on track"/

regarding the unconfirmed transactions I have to say, we are also back on track on that front. because it is falling and the blocks are being mined like normal now that miners dropped mining bitcoin cash and have come back to mining bitcoin.
of course it will take time for it to reach zero since bitcoin is the only cryptocurrency that is being used a lot and that means new transactions are being added to the mempool every second.

Yeah definitely it's that time again where we can sell some of our bitcoins, due to the increase of price again if that keeps up 7,500 is within the reached by the end of the month. We can just grab the opportunity while it is there, because the price might decrease again depending upon the supply and demand of bitcoin by the users in the cryptocurrency market.

I would like to think so. BCH has stopped growing, and BTC is approaching $7000 again. We should go even higher once BCH people realize they are supporting a lost cause and dump for BTC.

I never doubt with the capability of bitcoin, sudden attack of greedy people to the bitcoin are always there to destabilize. Those who buy bulk of bitcoin few days ago at 5600 $ had big profit now at 6900$ per btc. If we all just keep HODLing bitcoin together, there is no way that others can destroy bitcoin.

last week it was surprising for the bitcoin holders to drop dramatically because of the failure of segwit2x, but everyone can see for themselves the bitcoin price now and I think the bitcoin price for now has improved and started to normal again with prices ranging from $ 6,700- $ 6,900, very good.

An individual or just a small group of people can not influence the price of bitcoin for a long time. Bitcoin is the currency for the masses not just a concept for one rich man. So any time you see something like that just relax.

In terms of price, yes. And I'm not sure that bitcoin was 'off track' at all because a short correction to $5000-6000 after such spike was a completely expected move. Mining, fees and unconfirmed transactions are a different story, the situation seems to be still far from normal.

It is hard to tell what 'on track' really means these days.
I have started to look at bitcoin business as a moment to moment business.
Bu I suspect the times of the major movements have cooled off and I suppose ot will stay that way for a while.
The no-2x-news was surprising to many people, and crypto currencies react on surprises with large movements.
Now that the surprise about that news has settled, the movements have settled as well.
Until the next surprise comes.

hold when it drop,  ;)

yes it is back but big winner is Roger and his BCH because price bumped a lot and he proof that can make some control of Bitcoin (just spam system till get full block size 1 MB )and till now big problem about bitcoin not solve so this problem will back with next fork happen or high number of Demand .

about fee will take more than couple of days

It is not that people supported BCH, more like the individuals backing that altcoin up thought they can attract people with it's pump but that pump is just a bubble. Poor people who bought BCH at the time the price is growing, they are now awake to the reality that BCH will never go beyond bitcoin.

We could be through the drama. But I doubt to be honest. We could still make a move to $10k and then drop 50%.
There were great news with the MAN Group, Square cash and CME launching their Bitcoin futures in second week of december.
This might have stopped the down turn.
If we break $7000 which I see as a significant resistence level, and then $7500 we will probably go for 8k and more. But looking at the weekyl and monthly charts, let's me assume we will see a bigger correction sooner or later. I'm not talking about a bear market here. But a correction to coold down things a bit which lets us move up for hopefully much more months or another year maybe.

People who switched to bitcoin cash during the days of sudden price increase of bitcoin cash and decrease of bitcoin might have started to switch to bitcoin making some good profit. The growth has begun to move on the track in which we were traveling before the price drop. This time it could take us high to reach $8000 or more before the year end.

Bitcoin had been tested and proven against crisis in the market place. Bitcoin's foundation is totally strong enough and it become more vulnerable from  attacks but it the end, still they are failed. Bitcoin is back on track now and it's price are gradually increasing and possible for breaking a new price record in the market place.

If that uncofirmed transactions become 40k-50k then bitcoin is back. Right now is 70-80k uncofirmed. >:( :(

I think we are leading on the track. Many things are very unstable in this world and we are part of it.  Many people are expecting that bitcoin will getting back to normal and this is the start of it. I think many people are satisfied ln bitcoin now.

price-wise we may be on track as others point above, but transaction-wise, the Core client still wants me to pay radiculous transaction fees

We all see this drama. But they are too strong to affect the entire bitcoin chain block. The stagnation that has taken place so long that the chaos has taken place. They can do once, there will be a second time and the trust of the BTC stability is shaken

I definitely think bitcoin is "back again". Yes, this was an (attempted) attack on BTC with a big dump and pump into BCH.
I am kind of suprised how easy BTC was taking this dump. A drop of no more than 10-15% and being back up within 3-4 days.
I think this shows the current strength of bitcoin. BTC is no longer that vulnerable to such kind of pump/dump "attacks".
BCH follower tried to make people lose the faith in bitcoin and wanted people to switch over to BCH.
The fewest people were thinking about BCH.. most of them just panic selled and followed the whales. This probably lead to a loss from people who jumped onto BCH "too late".
Increasing the block size by 8x.. without even testing how the network reacts.. followed by such a dump/pump makes me really chink BCH was only forked to scam people and make big profit.

It goes up and down every month! It's not a surprise and there is no signs that it will continue to grow or BTH will become the #1. Whales pupm one coin today, another one tomorrow. Just follow the flow!

It appears to fluctuate to such a large extent that it's difficult to know where the track is sometimes!

I think so. We are already on our road back to $7,000. Of course there will be some more corrections soon as we are heading to $10,000 but I will not expect a lower dip just like what happened during the BCH rally. Bitcoin Silver is also scheduled this December that gives BTC holders more reason to buy and hold.

Currently it seems that the situation has calmed down and that BTC continues upwards,in the way to go two steps forward and one step back.We see that price is changing on daily basis around 300-500$ and this is look good,slower growth is always better in the long run.

Regarding possible new attacks,they are always possible by the people who are behind BCH and Segwitx2.Their objective is known,to replace original BTC with BCH and I think that previous events represent only the beginning of their plan.Price of BCH is now stable above 1000$ and if/when they try to pump it again they provided a much better starting position then before.

Although I hope that people know to learn from their mistakes,so that each next attack will not have the effect of the previous one.Finally BTC showed
that it has great support and that it can be quickly recovered.