Mining mogul Jihan Wu single-handedly crashes the Bitcoin price by supporting BUcoin.
Dumb low IQ Roger Vermin and the rest of delusional BUcoiners celebrate that Antpool mined some BUcoin blocks. Just hours later, the price crashes into oblivion.
The Powers That Be failed to hack bitcoin, but they might as well kill it by good ol "divide and conquer".
Good job, Jihan, now you'll soon be emperor of a worthless token.
If you believe that, how in the world is Bitcoin decentralized when one person can crash the price? Is China really in control? Of course this is nonsense that Jihan Wu crashed the price. A few weak hands sold off, good riddance! These weak hands don't understand Bitcoin anyway. Every person who has big amount of bitcoin and turn out to be another coin supporter will affect bitcoin market and people may trigger to sell out as well. But, I agree that decentralized idea of bitcoin can not be manipulated by few person due to there are a lot of other bitcoiners who won't do that. One and another person walk away from bitcoin, it's not a big deal as many people will join and replace them. |
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Upon ETD rejection, BTC price won't get crashed.
It will drop -15/-20% MAX. from current price.
So don't except prices under $1000 in any case.
MARK my words.
you are just repeating the same $900 false speculation with other words. and i have to tell you 20% drop is way too big for just an ETF rejection. price needs much more than that to drop that much. and even if by some miracle some whales dumped it down to lower than $1000 it will jump back up immediately. If bitcoin price drop max 20%, then it could be $960-$980, less than $1000. I mark your words, but I guess it will drop back below $1000 if ETF get rejected. Current increases trigger by speculation if SEC will approve winklevoss ETF which the price could reach $2000/$3000 in this month. |
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Bitcoin is usually used by people interested in technology. I mean, persons with a certain technical knowledge are interested in bitcoin.
My observations are that way. I think Bitcoin needs to reach larger quantities. Can use bitcoin in people who are not interested in technology?
Can people use the bitcoin in the profession group like tradesmen, teachers, housewives, firemen, butchers? Are we going to see the days that these people use bitcoin?
Consider current problems regarding nodes, devs team, miners, block size, politicize mining, higher fee, I really doubt that will going to be happen. This technology not going for mainstream used instead of limited used by some people which could afford to learn and accept bitcoin transaction. As long as those problems not solved yet, it simply cannot. |
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There used to be some room for high priorities transactions, which even don't pay fees and will be confimed in the blocks with other paying transactions. In the mean time miners seems to only include the higher fee one in the blocks and ingore the high priority ones. What do you think about it? After the block is increased, will this function be activated again?
As to me, just setting higher priority makes no particular sense Besides, as far as I know, priority depends on how long a transaction hasn't been confirmed, and that might make some sense after all. Other than that, the only genuine measure that could objectively set the initial priority is the size of the fee itself. Really, if you want to prioritize your transaction and make miners actually pay attention to your needs, you prioritize it by making it more valuable for them to include it faster in the next block. In other words, you should put your money where your mouth is Blockchain transaction become rather expensive cost compare to bank service right now, don't know about MoneyGram. My last transaction fee was $1.4 and after 10 hours it still not confirmed yet, wth. Higher fee but slow confirmation, I think it maybe related to my wallet as my friend transaction costs low fee than mine but confirmed in minutes. Higher fee doesn't mean become a priorities transaction, in my case. |
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Right now I don't spend much bitcoin, I have spent some in this forum and for services that I need, I think I have spent about 2BTC in two years , but what is stopping me top use bitcoin mere as a currency than as an investment is simply the fact that in my country I cannot pay for anything in bitcoins everything I have bought has been online.
This is the common problem for us, who lives in a place where you can't find any merchant accepted bitcoin payment. And then, people start to think to save it instead of looking for a way to spend it. But, I think amount of bitcoin they have must be less than BTC100, if you have at least BTC10, you will try to spend it to purchase something or convert into fiat money in case you need cash immediately which there's no any better option left. |
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Hello i saw on centrabit app, they wrote article about the ETF.. we will see 2500-3000$ each BTC? check out here: http://www.centrabit.io/It is certainly possible. Consider that the ETF would mean that anyone can go to their local bank and buy the COIN shares. It doesn't matter if you are a regular blue collar worker or a wall street shark, or an huge billionaire mogul... as long as you got a bank account im sure they will be willing to buy it for you. This means massive amounts of money coming in. The marketcap is tiny, so price can go up quickly. If it doesn't pass, I think the dip will not be that noticeable. Yes, if SEC approve ETF which investors could see it as good opportunity to invest on bitcoin, it will be. But, I hope stable increases than fast climb up and then fall down again. For them (investors) a regulation and legitimacy from SEC is a big deal as huge amount of money involved, so the increase is inevitable. |
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Seems like people got nervous at the fast $1,200 rise, a nice correction coming, but don't blink or you may miss it, tons of buy pressure and people scared of missing on owning shares of this financial revolution, doubters that still don't own any bitcoins will not let the price go below $1,000 again. People trying to short will not risk losing their position in the process.
Did you mentioned about buy because ETF approval? Ready to buy bitcoin at ETH? I believe if people want to, they should buy at the dip, not at ATH as the price may drop back if correction happen. However, for people who looking for long term investment, buy bitcoin anytime they want as bitcoin will be profitable as time goes on. |
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Hello, I would like to ask if anyone knows for a good way to invest Bitcoins? I am very interested in purchasing shares of a startups, something like bnktothefuture, but with lower minimums. I am currently active on BTCjam, but I would like to invest in startups too not just loans. Thanks  It is not advisable to invest your bitcoins in shares and anything similar. Bitcoin gives you freedom of valuation, meaning it is rising its value day by day (recently crossed gold) which means you hold it in your wallet and trade/sell it for higher rate later on. If you want to increase your bitcoins then I suggest you to open up your own faucet and put some advertising on your page. There are many companies who will pay you for putting advertisement over your website/faucet. As you can see, people are crazy for earning bitcoins. Newbie's always start with faucet who are your customer's. For visiting you share as low as 100 satoshi's but earn like pot of gold! FYI: It is good to be on safer side rather than being greedy. I would choose advertising way rather than risky shares. We know that there's no risk-free in any kind of investment. It looks like Op asked about invest on startups project, the most famous is development projects of altcoins (ICO and crowdsale) but it could be end as big loss, right? My attention is heading to one coin : byteball. 2 advantages you may get. 1. Hold on your bitcoin as much as you want for long term investment 2. Get share from byteball according to proven balance of bitcoin in your wallet, Look at byteball current price, it reach $57.62, fantastic, without ICO and crowdsale. |
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Bitstamp tested $1298 some hours ago. Interestingly for some reason, it's higher than the Bitfinex peak at $1294 (bitfinex always has the higher price for some reason)
In any case, looks like we will test the barrier again, we'll see what happens.
I think Japan exchanges has been settled on $1300 for few days ago. It won't be easy as traders want to get profits as much as possible, then they will sell in every ATH and buy back if the price drop back, common situation for bitcoin. But, I'm sure we could reach $1300 right before ETF approval. |
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With 1000 dollars each, it seems that bribing with bitcoin would be a good idea. One USB stick will do the job with no third party required.
This is like taken out of a movie, you go to a restaurant someone sits beside you, you put down the USB stick then you left, the person then beside you pick it up...  But seriously, I don't like the idea, its still bribing and corrupting someone, sooner or later you will be caught and the full hands of the law will be coming over to get you. No, it depends on what is the case? There are some cases which we bribe without breaking the law. For example : - I give you $1000 to not tell anyone, who gave it to you? - I give you $1000 to buy a cake/flowers for your pretty sister. All those cases could consider as bribe. Depends on the case. |
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Forget about everything else and just put everything on bitcoin. You are living with your parents, they pay everything for you, you got nothing to lose. If I was living with my parents, I would save everything and buy bitcoin monthly. If BTC doesn't keep rising you can still reach the 21 BTC holder group, then save this and retire in 10 years when the price makes you a millionaire.
Go all in on regret later. You are on a privileged position to profit from high risk high reward moves. No risk no win, and BTC is the best long term high risk bet.
Agree, you have a point. Although you said 'go all in', it doesn't matter for those who still rely on their parents as I'm in the same position. Anyone could mention their thoughts, but in the end each one of us have to decide it by ourselves. However, I've been trying to divide what I get into bitcoin and fiat money about 70:30. Bitcoin as my long term investment (70%) and fiat money to cover my daily expenses, just in case as backup plan. |
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the price of bitcoin is currently experiencing an increase. I think doing the sell is a wise action. we can get a sizeable profit. then wait again until bitcoin prices up and down. and make a profit again.
Well that is a right thing to do and it will also depend on what price you have bought your bitcoins in the past and if you have bought them at $500 or around it then this would be the best time to sell your coins to make good profits and you can buy them again when price goes down in coming months but if you are looking to make higher profits then better choice would be to hold them for next couple of months. Yes, this current price allow us to get profits compare to the last price when we bought bitcoin. However, it's still unclear whether bitcoin price could reach $1300 before ETF decision or not, but people will regret if SEC decision is accept winklevoss ETF which investors could join in the market. |
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So as a legit customer, for the first time I was effected by the BSU (blocksize issue) I paid the fee, and it still did not go through the fee was
This sh*t has to be fixed up and soon. Also I feel segwit seems to not go far enough as to size.
Why are we using a block size that is years out of date given the demand and tech?
I jsut don't get how the miners cannot see this will delay/hamper BTC growth.
The problem seems to be that the Core development team is skittish on implementing a hard fork solution. They want to try Segwit and Lightning network since those are soft fork solutions. Changing the blocksize would only require altering a few lines of code; however, they would then need to coordinate a hard fork. The best way to go about it is the soft fork but consensus is too high a threshold of 95%, we are split between the original 1MB group, Lighting, and Segwit I run Core so it's on Segwit's list but the longer we are in this state of transaction hell the more it forces people to start to really consider what the community should do and make a decision. Either way if something seems to happen in the next few months we will be fine although there is the risk the community will coordinate the fork. Those who still argue each other will lead us to nowhere and stuck with this situation for years (already). Miners can see this problem, but can't you see how glad they are? To get such amount of 'huge' fees for so many unconfirmed transaction? It is a gold mine for them, that's why they seems like enjoy this BSU and don't want to support SegWit. |
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does this theoretical correction include an etf rejection?
i'd vote for 850-900 ish in that case but there are a couple of other applications coming a short time after. i'd guess that if the winklevoss one don't pass nothing else will either.
no because things like Winklevos ETF are nothing more than a distraction to push the price higher than it normally goes and make more profit. bitcoin never needed them and it never will need it in the future which means its approval or rejection don't play any role in the future of bitcoin. and i would be really surprised if we can ever see prices lower than $1100 or $1000 because of this (possible) rejection! $1200 become the floor then, if we exclude ETF rejection. But, I believe this current rise triggered by 'waiting time' for SEC decision. If, ETF will be rejected, another crash will be happen and it may fall back to $800, well I hope never below $800 as the bottom line. However, nothing for sure and let's see what will happen in the next week. |
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What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
Never panic in the trading of all there will be no time when prices fall too there are times when the price will go up again so do not ever panic in play bitcoin enjoy fluctuations in the price of bitcoin practically very extreme. I agree with you, we better enjoy it. if the price of bitcoin down, we should have to buy bitcoin, not sell it. I think it is a good strategy. But, you will feel better to get something than nothing, sell bitcoin and buy back at cheaper price. Another inevitable thinking for everyone that has been through same situation before, or you will regret when the price fall down. However, it's true in some time bitcoin will recover and start to climb up again, so I agree not to panic sell instead of be patient for a while. |
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Talking about bitcoin fee, it is really necessary since bitcoin price reach ATH but size block still stuck on 1Mb, won't ever enough to afford all of those numbers.
1. Yes, it is a fee, nothing to be free in blockchain anymore, imo.
2. Nope, actually people still use other payment processor according to their advantages, if you want to send $1, it's not worth to use bitcoin as you have mentioned about PayPal.
3. No fee involve? Maybe it can, but take years to be confirmed, lol. Very low fee? Maybe need days but I'm not so sure about it as I've never tried to.
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Bitcoin provided me a good income online and it helps me a lot with my financial needs. It can be a sustainable source of a fiat money cash that can be spend on things I needed for living specially for food and transportation for my current job nowadays.
Bitcoin as digital currency has been providing great opportunity for online jobs and earnings even for teenager. All we need are knowledge, skills and experience to get decent amount of bitcoin which anyone could convert into fiat money. There are a lot of people have been doing online jobs/business/investing, not only through bitcoin obviously. |
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A faucet can always be profitable for a owner if he knows how to run it. All you need are visitors to your faucet and it should probably attract them so that they should come back again. And as told earlier by someone, set a threshold of quite high amount so that they come again every time to reach the threshold before getting their bits so that they don't run away after coming 2, 3 times.
I think so, do not set a threshold at measly satoshi too to attract more faucets hunter (newbies). If you get higher traffic on your site everyday, than some ads will be more beneficial obviously. Any kind of great effort on internet will be profitable in my opinion as long as you are serious maintain it. |
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In 1976 Ronald Wayne sold his 10% share in Apple computers for $800. If he had held his stake today it would be worth $60,000,000,000 (60 billion). This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to.  https://www.youtube.com/watch?v=bvWh8sh_wPYYour comparison is on place, and I watched about village in Florida where everyone have shares from coca-cola, some adviser told them to buy that and hold coca-cola shares more then 50 years ago, and I`m sure there is bunch of other similar cases in history. But there is one little catch, not everyone of us is in position to wait and hold. While you wait and holding live is passing, there are expenses and needs, and not to mention critical and accidental situations where we need to pay something a lot more then we can afford to pay. First you need to have enough money to pay bills, to have for food, clothes, and fun with your family, maybe to afford some vocations, and only then you can think about saving, but man I work for less then 4000 $ a year... its less then 4 bitcoins each year at the moment, from where to save? Edit: Yes I can save from my gambling, but then I will ruin even that one chance for making a bit more money then I currently earn. That's why people keep buying while others selling their coins, to pay the bills and daily expenses or invest in somewhere else (business). Indeed, some has resources to hold but others don't. Same condition to bitcoin holders, make people trade to get profits instead of waiting for a long term. I'm facing the same process, but I've tried to hold and sell just a bit to cover my expenses and manage to save big portion of my bitcoin. |
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All time high for the transaction fees : https://bitcoinfees.info/Now more than 50 cts for the 3 blocks fees ! The network is BLOATED and more people want to confirm transactions on the network. The result is spiking transaction fees that might seriously hurt the network and its growth in 2017 if there is nothing done very quickly. If nothing is done and transaction costs keep spiking, a lot of activity will move to cheaper rising networks like DASH. I am not saying it is a bad thing but Bitcoin is NOT well positioned right now at the technical level to benefit from its rise in popularity. Current trends are : 1. Bitcoin price reach ATH 2. Transaction fees reach ATH 3. Unconfirmed transaction reach ATH Everyone expects when the price rise up but transaction fees doesn't. I'm wondering about Mr. Satoshi thought regarding this situation, what the solution? |
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