The price was up before he and his friends wanted. They invented the debate and dump thousands of bitoin to lower the price
Feeling left out? Fine...  |
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"Monero" : { Untraceable - Anonymous - Fungible - Trustless - Adaptive Blocksize - 100% PoW & FOSS - No ASIC or Premine - Wallets - Podcats - Roadmap - XMR.to } A crippled Bitcoin surely would be advantageous to Monero? I seem to remember your compatriot AmericanPegasus asking something similar. In any event, keep up His work in keeping the free shit army (and their dangerous opinions) out of mah P2P electronic cash neckbeard reserve system. It's mine (and yours) to HAVE.  |
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all these people crying about gemini... give it a few weeks/months to actually get online properly... rome wasnt built in a day...
twasn't... it was burned in 9 tho... |
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I don't we are in the category of late adopters nor are we the early adopters. Considering the price right now in 2015, 240 is still considered cheap as some sizeable fund can still get you a lot of bitcoin. But we are not considered early as well. The biggest luxury enjoyed by the early adopters is the low mining difficulty part.
During the dark days of 2012, there were several times where it made much more sense to buy coin vs mine it, even at those low difficulties. Obscurity and death by irrelevance was quite palpable then. Almost sounds familiar, but back then we had the soothing salve of being unknown to the cruel outside world. |
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You are my hero.
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If Mike Hearn is Satoshi after eating my 'shoe' I will move all BTC to LTC or probably cash ....I mean ...it is like finding out one morning Trump is President ..(scared self in 2 real world camps) man what a dump of BTC to USD that would be imho  So... btc to USD, then wager it all on a luckyflop bet, using cryptoVPN.me... thanks (Obama) hearn! |
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That's it. I'm switching from this forum to: https://bitco.in/forum/They even have a new Wall Observer thread there. There is too much shit from the Theymos shills here. AFAIK that forum is owned and run by Roger Ver. Frankly, ... that's incorrect, and if you were wondering where most of the discussion from the gold thread went... |
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forum stagnating as much as the price. stopping one of the most interesting threads is going to push people away. maybe thats what was wanted though *shrugs*
doesn't matter if btctalk dies though. honey badger don't care.
there is no point arguing with the rolling waves of incoming trolls about anything, as soon as the tide turns, they'll all wash back out to sea.
its like every internet community. X is the cancer killing Y etc etc
the thing itself remains. whatever happens the trolls only have there words. I have bitcoin.
In the end we either both have nothing or ...
This. The engine was running a little rough, sputtering a bit, and the solution devised was to take a sledge hammer to the carburetor. |
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Indeed. Did those events start recently, or have they always happened, and I just did not notice them? Could they be some money laundering trick? (One would expect money launderers to be smarter at hiding their doings...) Perhaps the Chinese exchanges read about Tera's wash trades, and thought "bummer, those guys cannot do that because they are regulated, but we are not -- why aren't we doing wash trades ourselves?" I've noticed it happening on Huobi for a long time (forever?) but usually 5-10k btc candles. The level of ridiculous okcoin candles is somewhat new though, the last couple days? With 0 fee trading you always expect some of this going on. Bitstamp has had some strange action in the last week or so, thousands of btc trading in the range of a couple dollars, you didn't usually see this on bitstamp before. People on reddit and here have talked about the 47, 99, 197 bots etc. It wouldn't be of any benefit in laundering money in the traditional sense. Passing through a chinese crypto exchange doesn't make illegally obtained funds somehow legitimate when they come out the other end. I have read rumors that China is about to devalue the yuan. Traders who had yuan in their accounts may be buying BTC as a way to ride over the devaluation with a profit. In other words, the price in China ir not really higher than in the US: it merely has the expected devaluation of the yuan already priced in. Maybe?
If that is the reason, the rise in price in China may be limited to the expected devaluation of the Yuan. That is, if they expect a 10% devaluation of they yuan, and expect the USD price to remain about the same, the price in Chine should not rise by more than 10%.
An interesting thesis, and it may be happening to some extent, but I don't see the scenario as sufficient to explain the level of volume compared to the relative lack of price change. If it really were a panic to get out of yuan and get into btc, I would expect volatility to increase in line with the volume. |
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So we're supposed to believe okcoin just had 80k btc in volume in the range of a few yuan? This is pretty ridiculous. I'm not buying the validity of this rally so far. Seems like everyone other than bitfinex (maybe coinbase exchange?) has plenty of wash "trading" going on.  |
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It's your thread, you do post some good articles. If I might suggest, go for quality over quantity.
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The state of New York is not exactly positioning itself as being open-minded to technological When planning a company happy hour, client appreciation dinner, or even upcoming nuptials, there is a lot that goes into ensuring that your event goes off without a hitch—including how your guests can safely get to and from without any fuss. We want to make the experience of planning transportation logistics as seamless as ordering a ride at the touch of button [without using bitcoin at all] This article has absolutely nothing to do with Bitcoin, and says so in the 2nd to last paragraph. They should be paying us for clicks. |
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Someone just sold 100+ BTC on a market with low liquidity. Here's the chart. Why would someone do this? It temporarily brought down the price by 33%. Somebody wants to top off their paypal account and doesn't give a shit about slippage because gains are still astronomical for some people. In case you don't know selling Bitcoins for Linden Dollars and then buying Dollars is the one true way of doing that, unless you are willing to risk total loss by some shady exchange service. Ironically the only way to get money on a Bitcoin exchange onto a paypal account without that or slippage is to buy something with bitpay, return it and get a refund, but that only works for small amounts, since the merchant won't willingly participate in this. Are there really that many people still desperate to get their value out of Bitcoin? I thought maybe naively that that stage was behind us... This really hinges on the distinction between desperation and ambivalence. |
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Sometimes, I get the imrpession that some people in this forum wants the transactions/seconds to be as small as possible.
BOMB: New code incomming! Blocksize is just a temporary fix! Bitcoin will scale. By sharing the work. Like the VISA thieves do today. Not hard to do theoretically! Ha ha ha, we will see who's surviving!
From the whole scaling debate, I thought that generally people were o.k. with the idea of increasing the blocksize etc; however, the issue is having a new system imposed that is NOT thoroughly vetted and seems to have the potential to take away decentralization. I believe overall there is consensus that transactions/second have to increase; it is just a question regarding the extent to which what appeared to be a minority was going to be imposing such a hard fork and new direction.. along with questionable centralization baggage. Scaling past 1MB is necessarily going to be a hard fork, 75% is not a minority. And I'm thankful that Gavin and Mike were willing to stick their necks out to press the issue. I do think a significant amount of investment and use is being deterred by the limit. On the other hand, it's important to show the outside world that major changes to Bitcoin don't happen on a whim, so the careful debate and vetting of ideas is important. It was a major mistake to include anything other than BIP101 to XT (though I disagree with the accusations levied at the additions.) It's going to be a slow drip to the conference in Dec. Until then, I'll stockpile memes and get ready to ride the pump when an agreement is in view. My personal opinion agrees with Peter R, miners are economically incentivized to choose an appropriate max_block_size. Control at the protocol level is illusory, and inappropriate. Given enough time, I think we'll see this happen, but not without much hand wringing and gnashing of teeth. |
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 Cut the guy some slack, he has a soft spot for the smaller, gentler, creatures on this planet... like pigeons... and bitcoiners. On a serious note... where is this bitstamp volume coming from? All wash trading, migrated finex traders?  |
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Contrary to popular perception, a farting_shot is quite different from a parting_shot, the former tends to linger.
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 Vegas, baby! Bitpay Collapsing... Mike Tyson Endorsed Overpriced Vending Machine, UP! BULLISH, baby. |
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Profitability... the bane of all startups. Seeking a profit before IPO, thrice as dire. |
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this time next year we'll be millionaires
~Number plate on mechanical/digital clock ticks over...~ ♫"And put your... little hand in mine... there ain't no river or mountain we can't climb...♬ Now get up slap that hog out there, it's (chorus) Groundhog Day. And don't forget your booties 'cause it's cold out there... brrrrrr... it's cold out there every day... What is this? Mi-ami Beach? Not hardly. |
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