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We should see a price surge/pop if a SegWit compromise is confirmed and announced tomorrow (Monday) globally by the involved parties - that can make it happen at least.
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All I can see is, this review somehow pushed the price of Bitcoin to what it is now. This (approval) might push the price higher but I would say let us not put our hopes in it. There had not much of change in Bitcoin, it was the same when it was rejected so probably it will still be rejected. Unless this current rise is a pump due to that issue, then bitcoin price will definitely crash when it is rejected once again. And if this price increase is because of adoption due to several countries accepting, then, it the price will not falter and will continue to increase even if SEC favored the previous decision.
The price is definitely higher, but we have to stop trying to look for reasons for the same. Bitcoin sometimes has a mind of its own. As we saw the last time, the price just shrugged off the ETF rejection. It wasn't a total shrug. Bitcoin hit a high of about $1350 briefly that day March 12th, then a low of about $975 ($375 drop), but recovered to around $1190 - but still off $150 from that crazy high. But that was about it was the day before anyway... |
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am i the only one who thinks we will see a dump to 1k area?
Maybe, not a huge deal I'd say since we were at $1K March 26th, February 15th, February 1st, January 1st-4th, and before that at times... |
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have they stopped BTC withdrawals?
Nope, just cash/fiat for now. |
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bitfinex has reached nearly its all time high, while bitstamp is behind almost 80 dollars.
what is wrong with stamp?
Bitfinex is shooting up for whats seems like a bad reason. The deposit stops. Has people selling and moving coins out. Their cold wallet is apparently down to 70K or so from 140k+ coins here in no time. If this occurs they will likely "implode" when selling is done and price will drop down way lower to where other exchanges are... |
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... and here is the drop again. always drops so much faster than it rises  |
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Where can i see a legit news source about the Bitcoin Japan news ? i only see fishy bitcoin news pages.
Could be a april fool joke.
Coindesk has a story on it |
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Do we expect to start seeing more buying pressure or demand from Japan, what the 2nd/3rd largest market, officially recognizing Bitcoin as a regulated payment method? This seems very positive overall since it is such a large Bitcoin supporting market... http://www.coindesk.com/japan-bitcoin-law-effect-tomorrow/ |
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The reason Litecoin went up because they will likely start trading on Coinbase soon.
The LTC price has been about $4 for about 4 years now with only minor fluctuations now and then. They are probably more stable compared to the dollar than most currencies in the world yet the naysayers would probably make up some other excuse as to why nobody should use it (like how people say Bitcoin can never be used because the price fluctuates too much...yet bitcoin is used much more than litecoin).
*disclaimer: I may or may not have 1k litecoins on a computer somewhere
I sold a lot of LTC 3 years ago around $12, so it is still way down. It was much higher than that even before. |
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For now don't see $2000 in sight ever in near-term. The "safe haven" that Bitcoin could be is not safe at all with the threat of a fork still looming. That needs to pass first. Beyond that, the use/adoption increase would help too but that won't grow much either until the fork issue with BTU passes.
There is just too much risk now of a fork, even if it is a bad idea and miner/centralized with nodes hosted on VMs. It is an attack on the assets right now and people don't want to get into BTC with that occurring - safer staying in USD/fiat, gold, etc.
This fork issue needs to be squashed ASAP. I would say compromise would be good but expanding blocks doesn't do much long-term obviously. 2nd layer seems to be the solution. Thus Core/Segwit make more sense for now with lightening, others on top. This BU junk and mismanagement/code issues proves that that group promoting it needs to swallow their pride and greed, and allow the user base to decide versus their mining might and falsified nodes.
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Almost 1100$.  Yes interesting that we are running up. Enough technical and BTU talk, let's refocus this thread on price speculation. Take the other talk to other technical forums! |
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If anything, the reasons for the denial of the COIN ETF rule chance have only gotten worse (centralization, large players, inability to control and report). All ETFs are dead on arrival for at least this year - maybe 2018/2019 will be possible.
All depends on what BTC (or BTC/BTU) look like in the months/years ahead.
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If there had been a HF three years ago from 1MB to 2MB, we'd already be hitting the 2MB limit and BU supporters would be screaming that we need to immediately HF again to 4MB. And so on, and so on.
They act like that wouldn't be true, but we all know it would.
So apparently for them, every time the block size limit is reached, the solution is simply another 2MB increase. On and on, until mining centralization by like one person with a total hardware & hashpower monopoly is complete. In reply to this argument. Let's imagine we had hard forked to 2mb and the limit was reached. The Bitcoin price would be between 2-3k PER COIN right now. The Market cap would be somewhere around 40 BILLION. Ethererum, Dash and Monero would be WAY down, they definitely wouldn't be hitting their highs right now. We'd have 2x the amount of transaction throughput which means there would be far less mempool backlogs, less network congestion and lower fees, which would overall create a MUCH better user experience. In other words, it's a GOOD problem to have. But you crybaby pussies, who apparently think 2017 tech can't handle >1mb, have forced the rise of altcoins, and have irreparably damaged Bitcoin's % of marketshare, and now markets are switching over to ethereum / dash / monero. It's EFFING RIDICULOUS. These are UTTER FAILURES from a business perspective. It is also an utter failure from the perspective of User Experience. This is why one can only conclude that Bitcoin Core has failed completely in leadership, tactics, and effectiveness, they don't even seem to care about the user experience. All in the name of creating a "fee market" which is not yet needed, and won't be needed for a few more decades down the line. BU at this point is the only thing that can really save bitcoin. Fork it already! The time has come. It is idiotic to implement a solution, especially on that requires a hard fork, if it only solves your probably temporarily. Horrible IT practices to keep patching code and no matter how large you make the block sizes, they will in time fill up or require prioritization by miners. IMHO it means much more to optimize Bitcoin with Segwit, take advantage of that "larger block" size it allows with more transactions, and then allow for off chain solutions to blossom that require Segwit. Bitcoin can remain the power settlement system that it will only ever be. Nothing more. Thinking bitcoin will someday be some millions of transactions per second system is far fetched dreaming so make it all it can be and as optimized as possible, not even more centralized, less secure, and temporarily patched. |
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The nomenclature of considering any coin besides bitcoin an Alt-coin is dated as this point. There may be a time when another coin has a value per coin that is worth more than Bitcoin core.
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So is Bu going to fork? Or has the alt coin designation by exchanges stopped further if any
more share. I've no clue, just wondering if after this "wiggling about in angst" if we are
just back to 2 more years of 1mb blocks and status quo "stagnation?
Seems that both BU is stuck with too low adoption to occur. Also Segwit is stuck with too low adoption to occur (by miners at least). (stuck around 65% core blocks mined and 35% BU blocks mined) Thus, neither will occur until one gives up or there is compromise. That is creating part of the confusion that will continue to exist - but hopefully the FUD around BU forking will dissapaint some. |
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we'll be back over 1000$ in no time.
Yep! 1k incoming,,,, maybe people are giving up the debate or just willing to get back to normal and let the chips fall where they may with BU... who knows lol Nah, I'd assume we are the standard rolling wave down still, each time lower. |
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Volume is way up and its trying to hold around $1000. Will be interesting next few days at high volume but eventually has to die down... Promising at least for now that it will remain above $900 maybe.
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Seen so many stats, charts, miner % of what code they support, etc. In short:
1. WHEN would we actually see a hard fork occur if does, most likely? When activation occurs and any period of time to prepare if so before have to choose a side?
2. WHAT is the best source of info/data to gauge #1 above - accurate data on % of hash and actual activation of a fork being met?
At this point, wanting either an immediate compromise (seem like would be Core doing it) or just fork already so we can take the hit and move on!
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Truple digits now! $998 as I am writing. It was $1060 when i checked it 2 hours ago. What happened all the sudden Did the bubble suddenly burst? People/users with BTC don't see any end soon to the BU/Core issue and infighting. Why risk funds even more. Some pulling out to buy other coins now instead like ETC, others just taking their cash and holding until resolved (did some here bit ago). Always the risk that this could permanently destroy trust in BTC thus recovery won't occur for long time, 1-2 years... definitely destroyed already trust from any institutional interest. |
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