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Creditbit champion
Iconomi co-conspirator
really? lame
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Another inane ignorant falsehood. I'm running BU. Have been for more than a year.
uh, no. i meant miners. y'know, the people who actually might lose money if they run piece of shit code. that says enough. Yup, miners are running BU. 37,2% by hash rate right now... Did you think the BU signaling is just for show?  Yep, and the miners will be forced to switch back to core after they realize.. https://coin.dance/poli70% for Segwit vs 20% for Rogercoin  |
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The future of Bitcoin is bright either way, BUcoin HF or not. I'm using every possibility to increase my Bitcoin stash, the cheaper the better!
My doubt is if splitting the miners with the competing chain could expose core to significant risks of attack for a while. There would be even some lagging until difficulty adjusts. But probably nothing of dramatic. Depends on how many miners switch. Imagine 50/50. We would have double the blocktimes for 2014 blocks? (Depending of course when the HF starts) It would give me an excuse to fire up the old miners that are just collecting dust right now..  |
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Newbie trolls are on ignore, so whatever you're saying york, just don't waste your time..
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oh look back to triple digit, who would have guessed  yea, blink and you'll miss it, in fact, you're late posting that, maybe you should just remove it... |
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Good AM Bitcoinland.
I see the panic is returning, all the way down close to $1000 again... currently $1027USD at Bitcoinaverage.
If it actually goes down to triple digits, I'll have to think about scraping up some spare cash to buy some more.
Do you play poker with your cards in full view of your oponenent too? Most people who have been around for a while know that this thread has absolutely zero impact on the price. I think some of us thought it did in the early (<$10) days but it is no longer the case. The few whales that frequent this thread are either long term hodlers, or play a hold/loan on bitfinex strategy. You can let fly your trading strategy here all you want. Nobody will change their buys or sells based on any posts in this thread other than the occasional quick turnaround on news dissemination here due to everyone having an interest in the bitcoin price and things that affect it. Well twice now recently I've noticed when there seems to be dumping for no reason, business insider had just released a new fake fud headline. Like this http://www.businessinsider.com/bitcoin-price-is-tanking-2017-3Just arrived this from Circle to my email:
Potential Bitcoin Changes
We wanted to provide you with some important information regarding potential changes to Bitcoin that could significantly impact bitcoin held in your Circle Account.
As described in our User Agreement, “Bitcoin is a decentralized currency that operates on open source software protocols which can be used, modified or adapted by anyone... As a result of the decentralized nature of Bitcoin it is possible that sudden, unexpected or controversial changes (“forks”) can be made to Bitcoin.”
Based on recent developments in the Bitcoin ecosystem, it now seems likely that one or more forks of Bitcoin may occur in the near future. Any fork of Bitcoin may have a significant impact on the value of bitcoin and your ability to access the bitcoin you hold with Circle.
What should I do?
The only way to avoid the potential negative consequences of a Bitcoin fork is to not hold bitcoin. Just go to Settings > Currency and convert your balance to dollars, pounds or euro (availability is based on where you live). You’ll then be able to hold those funds with Circle or cash out instantly.
Have more inside on this email but i only copied the 2 paragraphs, but can you understand the impact of this to the people ? This can be the reason of today's dump ?
If this is true, it's really messed up because they're targeting new users only, since I have no emails like that, not even in my spam folders, and they have at least 2 of my emails, but I've been signed up for years.. |
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This Bitcoin market is hilarious right now. The whale trader(s) that started pumping the market starting back in Jan/Feb must be fuming. They couldn't FOMO pump it as high as they wanted, and failed to attract other large traders. China with their 100X margin sat this one out, then changed the rules on them. And this time they got no flaw exploit, no exchange hack, no "China bans Bitcoin", no successful DDoS, no nothing to induce real panic in the market. So in order to foam volatility (that's what they need to make profit) they're left with using the fake fork FUD and running back and forth to altcoins to pump the market up and down. It's not even close to the volatility they were able to produce in 2013. What a joke. Ha ha... hahahaha... merhahahahaAHAHAHAHA! Give it up whale traders, yer toast! Go run 100% to alts where you might have a better time at it.  Remember early in the second half of 2013 when the price was between ~$100 and $120 most days? It's a little bit of history repeating don't you think? Only now there's another 0 = $1000 - $1200 |
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With this climate it could be a dead cat bounce indeed.
Than again, those tokens finex made may have turned the tables on value? lol idk, but I'm getting fomo heh Approaching $1050 now, if this is a dead cat I suspect now is the time to dump  Update: already $1050+ on some exchanges heh With price so low yesterday the continuing rise in price could trigger some dumping, could be dead cat. Majority of bears are gone now, hopefully we won't get a huge red candle or another slow drop. Glad we're back at 4 digits now that the guys who fell for FUD and such have sold off. I've never been anything but a perma-bull, hodler, and dip buyer, well, except early on when I mined 3.4 btc with this PC in 2013 (2 Radeon 7970s ) and more later with my BFL Asics. Anyway, the BUllshiting bothers me because I didn't sign up for a chinese owned, centralized coin that required an above average computer to fully participate. I feel like we should do our best to keep it so that anyone who can get their hands on a decent $100 laptop from craigslist can run a wallet/node. That's why I will dump the BUttcoins as soon as they arrive, and even fire up the old miners I have collecting dust if need be, and continue running a core node. |
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With this climate it could be a dead cat bounce indeed.
Than again, those tokens finex made may have turned the tables on value? lol idk, but I'm getting fomo heh Approaching $1050 now, if this is a dead cat I suspect now is the time to dump Update: already $1050+ on some exchanges heh |
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With this climate it could be a dead cat bounce indeed.
Then again, those tokens finex made may have turned the tables on value? lol idk, but I'm getting fomo heh |
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ok guys, what's up? I see btc just jumped ~$36, is this a dead cat, or heading up? Any positive news coming out or something?
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it all depends on which chain satoshi dumps on...
that chain will die.
not because he crashed its price
but because he expressed his preference
and if he doesn't dump either?  |
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I am a bit surprised that noone has mentioned one of the consecuences a split between CORE and BU would have, apart from the AMAZINGLY HUGE volatility lower combined price etc...
1) If Bitcoin is split in two, core side will be at 1MB max block size at that time, and BU with an undetermined but bigger max block size.
2) Both "parties" will start dumping each other strongly. Chaos will reign and volatility could be so huge as to wipe ENTIRE order books up and down. (mainly down, even to 0).
3) All leveraged positions will be wiped on the peaks and valleys.
4) The difficulty will be much higher than the hashrate which, by itself, will create big delays between blocks. It is uncertain how big though.
And this is what I haven't seen anyone mention:
5) There will be a huge spike in transactions with people sending his coins to the exchanges. And I mean an unprecedently HUGE number of transactions. Orders of magnitude higher than anything we have ever seen.
6) Core with its 1MB max block and difficulty over hashrate combined will take ages to move the coins (which is not that bad because there will be less BTC coins arriving at the exchanges to be dumped), BU blocksize...well, I am not sure what it will do in that scenario, but it is possible that it will lead to additional hard forks/blocksize adjustment. Also Orphan blocks will be everywhere.
7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).
I could go on... but the only reasonable conclusion is that all this chaos and confussion will benefit noone (maybe to exchanges in the short period, due to the extreme volatility and huge number of trades) and that all this nonsense must come to and end now.
Essentially BU is a Kamikaze attack on Bitcoin..  and the funny part is it's the bigger blocks that rek them in your scenario haha |
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Must the battle for $1,100 still wage on? Who will win? Do we go up or down from here? No way for me to know for sure, but I for once am starting to consider selling more than .2 btc, which probably means up lmao
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Looks like that this dip is just the begening
Looks like you sold at the bottom, didn't you?
It is quite possible that it recovers back to where it was in less than 24 hours. $1170 on Stamp already. put the charts on weekly: check remember 2014: check remember january 2015: check let´s find some kush in the desk drawer: check let´s sit back and relax. And popcorn, don't forget the popcorn
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hopefully it will dip some more i still need to buy myself back in since the ETF decline Better hurry up. You might already be half an hour too late. The beartrap is closing fast. That said, I'll still keep my cash handy and keep one eye on the price. It looks like whomever spent so much to trigger this little dip has accomplished what they set out to do, but I won't deny the possibility of another round. If it goes below $1100 I'll head out to buy, and I'll still buy if it bounces back to less than $1140. You and I think an awful lot a like, I'm sitting here waiting to see if it gets below $1100 also, and if so, I'm pulling the trigger on the rest of my ammo heheh |
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Good morning Bitcoinland.
Yet another day of creeping gently upward... currently $1257USD (Bitcoinaverage).
This will never get boring for those of us who are more interested in Bitcoin than in merely trading.
It's hard not to notice that those who seem to be permabulls and advocate holding tend to be members of long standing, sometimes with sizeable holdings, while those constantly posting TA charts and advocating frequent buying and selling tend to be noobs, often with negligible holdings.
To me it seems that the former are more interested in Bitcoin, while the latter are more interested in trading.
I suppose some day I should download and watch "Wolf of Wall Street" just to see what all the references are about. I recommend that perhaps the traders should watch "The Rise and Rise of Bitcoin".
I, like others, look forward to your posts like these, thank you! Haven't seen Wolf of Wall Street myself, but I have already seen "The Big Short". Everyone who reads or posts here should see that at least once, totally relevant, in fact, I think that someone here already said this, and that's why I watched it lol |
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[...] Oh wow, I never thought about how many pages of this thread I must have read. I just know that I've been doing my best to get caught up almost every day since early 2013. Sometimes there was just too much going on, but for the most part I would spend 4-6 hours a day minimum on bitcoin in general, and this was a BIG part of that especially during 2013-2015. Speaking of old times, I miss Aminorex and his monkey, and Adam giving beer tips. Hope they're doin ok. Monkey would probably be bullish as hell right now  Oh and what ever happened to that guy with a "castle" and the cigars ? retpeelia or something Also, does anyone else get the feeling $1250+ may happen today? lol You can find him in a few hours starting spam-posting about your "beer tips "! Really? He doesn't feel like Adam to me.. How can you be so sure? |
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Trapped all you guys waiting to buy the dip good!!
Ingenious!!
I guess 1300$ will be the new bottom. it will be most likely I think a lot of folks were waiting for ETF news to buy, now they need to buy without ETF I bought some on the dip, but have more dry powder to buy more if it dips again  And this is my conservative prediction. (Not my bullish pixie dust madness unicorns delusions!) *Edit: Because in Jun / July the banking crashes will be common knowledge and there will be less and less people dumping or keeping their coins on the exchanges! How the fuck you draw this white line? I mean, what was your idea when you was drawing it? You wanted to cross the chart as many times as possible or what Its something of a common knowledge information. My advice is that you should read a few hundred or at least a thousand pages from behind in this thread and you will learn more about economics. *edit: You should also know that my line is very bearish! *edit2: Because after the halving, you can see from April / May of 2016... I should have drawn another line that is more steep! Oh wow, I never thought about how many pages of this thread I must have read. I just know that I've been doing my best to get caught up almost every day since early 2013. Sometimes there was just too much going on, but for the most part I would spend 4-6 hours a day minimum on bitcoin in general, and this was a BIG part of that especially during 2013-2015. Speaking of old times, I miss Aminorex and his monkey, and Adam giving beer tips. Hope they're doin ok. Monkey would probably be bullish as hell right now Oh and what ever happened to that guy with a "castle" and the cigars ? retpeelia or something Also, does anyone else get the feeling $1250+ may happen today? lol |
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No reason for bitcoin to rise? LOL
Do people really hang out on these forums and still not get it?
Go read the bitcoin whitepaper, think about future implications of this technological advancement. Look up the increasing bitcoin demand that is happening on a global scale already.
Yep, definitely no reason for a price increase...
Exactly. Those who don't bother to really learn, research or understand things very deeply, if at all = low information sheeple, err I meant people. Low information people |
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