The big blockers, trying to take the power of full validating nodes from users and putting it into the hands of government-controlled corporations, so they can control both the mining and the validation of transactions.

Bitcoin can never work with big blocks, it opens a can of worms you don't want to open. Peter R and Andrew Stone, Craig Wright and Roger Ver... all scammers.

Core added segwit, which you can ignore if you don't like, but you can't ignore big blocks. Good luck with that.

I mean the card is decent, nothing worth for me to stay up watching it live let alone paying for it, but I want to see the Khabib fight, hopefully he remains undefeated. He shouldn't much problems with Barboza. I really want to see how he does against Conor. Conor has abnormally long arms with insane reach, Khabib has short t-rex arms, Conor is one of best strikers in UFC, Khabib is one of the best in the ground. A nice chess match between two warriors. The problem is Conor needs to fight Ferguson fight, and if he loses it would suck, so hopefully both Khabib and Conor get their next fights right to meet after that in an epic card.

BCash has a role: to pursue the "onchain scaling roadmap" and also do it without segwit, which is criticized as some people as a "disaster waiting to happen".

Compared to other forks, BCash is an hostile one since it competes for the same cake (sha256 hashrate) and im not sure if the game theory in here would allow both to survive long term, and also just claims to "be the real bitcoin". You don't need to be genius to know it isn't tho, it's a different network, different consensus rules and a different blockchain, therefore not real bitcoin.

We'll see what happens. Have a bag of it just in case, Ver and co will keep pumping it on every difficulty readjustment on BTC + bribing mainstream news to pump it could bring nice profits.

Some more charts from the pump and dump:



What is this? looks like a fucking Picasso to me.

Anyway, how bad is the dump going to be when millions of people in Shitbase get credited free bcash during a bitcoin dip? will they dump for bitcoin? will they buy bcash because "it's like bitcoin but cheaper?" get your popcorns up.

Emails were completely irrelevant in this forum until recently, when theymos added the email block protection (if your account gets hacked, you get an email and you can block your account) so you didn't receive that.

Of course, you would still need to be able to sign a bitcoin address, and you would still need to go through the ridiculous process of account recovery which is nothing but a lottery apparently, even with proof.

I would usually look at the fundamentals of a project first. If it has potential to pump, I look at previous pumps and I would make sure that the graph is calm and horizontal. I don't like buying into pumps unless it's for short term gains where a resistance is broken and a breakthrough is happening, but these don't last so I load my bags fast for profits.

Also dont be the idiot that buys a coin that only goes up against USD and is obviously losing value against BTC.

Once again, on the difficulty readjustment of bitcoin, we saw Bcash shenannigans. Totally certified organic growth:




Seriously, what the fuck even is this? there are missing candles there from the flash pump and dump.

This time not only the mempool was being spammed while BTC was getting dumped, but it also coincidentally happened when Coinbase made the announcement.

Nice insider trading at play.

Well that was a sweet dip if you were on cash. I didn't even flinch I was expecting a $16,000 ish dip. We now rebounded and are back to $17,300 ish. So we did the whole dance again as we've been doing rebounding on this trend line since the $9000 dip. Things are ok as long as we stay around there. If we go below the trendline we may go as low as $12,000.

Im not going to risk my position, just will buy these dips and accumulate as usual, another day in the btc office.

Did you made threads for these already?

UFC 219 and UFC 220 main cards are pretty solid. I think Cyborg will smash Holm unfortunately, and I think Ngannou will end Miocic's win streak, that guy is a monster... but Miocic is a real viking, it will be a clash of titans. Ngannou put to sleep Overeem so easy to the other day, I remember watching Miocic vs Overeem and he had some problems until he took him out, we'll what happens. And I just saw DC is fighting again on 220, that's pretty nice. The guy was devastated after the Bones fight. I think he will win Volk and he will continue fighting hoping to fight Bones again eventually. Oh and Khabib is fighting in 219, may throw a couple bucks on this one for a win, should be easy money.

I am of the opinion that bitcoin is something big enough that for a completely new iteration of technology to happen that would leave it oudated and objectively useless compared to this new one (and therefore one would be stupid to have a big part of your networth there when something objectively better in every aspect exists), it would require at least several decades to come, but at the same time I remain openminded. Who is to say someone else cannot come up with another breakthrough in a shorter time? Better keep an eye on alternative projects as they come. Crypto is a booming field, millions all over the world are trying to beat bitcoin and come up with something epic. It could be someone here, or it could be someone we have no idea about that releases it out of nowhere satoshi style. The job is to do research on all these alts trying to find the hidden gem. If you are not a genius creating your own project then the next best thing to do is to act as a pirate trying to find the next treasure. Of course one would need to be near genius to discern all these complex new cryptos that end up being scammy or flawed but you must do whatever you can to find out, outsource analysis to other people expert in the crypto field if needed. In the small chance a big discovery happens that it's implemented and works, you want to have some BTC exposure there, because the gains could be massive, and one thing I know: we all like gains.

Bitcoin limit is 21 million units no matter what. Fiat limit is... unknown, and as we can see on the graph, totally unpredictable. To bail-in "too big too fail" institutions, the money printing goes insane at any given time, I guess that money printing event was due 2008's crisis. We all know what will happen on the next crisis. I expect another one of these big ass spikes, and BTC price should follow going up.

And yes, the money printing started before BTC was release, but BTC was released around the crisis time, or at least the earlier BTC documents are found still in 2008.

Yep, there are a ton of sites that don't properly show the image when using the "img" tags.

For example, I embedded some images to explain this guy something about a wallet here:


None of these links work when embedded so I had to add direct links. Also images from twitter such as

(https://pbs.twimg.com/media/DQvftdRUMAEOxfJ.jpg)

do not show up.

It's really annoying. You either get an invisible image that doesn't show up, or you get the "blocked by proxy" or whatever in red font with white background image.

I think it's better to stick to posting direct links until it gets fixed.

I was looking at some charts and I just saw this one:

https://pbs.twimg.com/media/DQvftdRUMAEOxfJ.jpg

I mean look at the year... around 2008-2009 Bitcoin was released... suddenly money printing goes full retard creating that massive spike. Why is the media pointing at Bitcoin as a bubble while never talking about that? really makes you think. In my book, Bitcoin is just a counter reaction of that, which is one of the reasons to hold BTC even after such an increase in price. I mean BTC all time chart my look like a bubble, but in the same timeframe, FED printed 2000 billion dollars. BTC is worth 315 billion at the moment. Not taking into account all the trillions out there that could come in.. I mean there's too much money out there, a lot of it sitting on dumb shit which could be sitting on BTC. It's really hard to assess when BTC is or isn't at the top of a bubble with these fundamentals.

Bitcoin's first application and most valuable yet is to put X amount of wealth on it and wake up and see you still have X amount of wealth in it (as in same amount of BTC you went to sleep last night). This is security, this is a store of value. Most people don't even transact that much, they just buy and hold it. Seeing it grow is a real application.. it's a savings account. Getting rich by holding BTC is the killer app of BTC. I mean look at your nickname.



Like i said before, most people don't transact, so most people don't care. People that want to make tons of smaller payments will have to wait for widespread LN implementation, assuming it works out in the long term.

Well, signature campaigns can make you a couple hundred bucks with high level campaigns, so that could be a small business. So anyone making a couple hundred selling products and whatever in exchange of bitcoin is going to have a ton of different smaller payments, it's a problem. Of course faucets are out of the question. But then again, it depends. People used to get 1 BTC from faucets back then, so you could easily move that.. things self-balance over time as price goes up. Even smaller amounts, for a long time faucets used to give 0.1 BTC too, 0.05... 0.01.. these amounts are all decent to hold in an address. The problem is, once the price has gone up, if you are still getting small payments, you will be left with amounts that you can't barely move.

The segwit thing has been discussed extensively, it's the possibility of stolen funds by colluding miners basically. So better be safe than sorry, in case it happens, you want to have your cold storage in legacy addresses. What are the chances of it happening? I guess rather low, who knows. Everyone in Core denies it would ever happen.

Not necessarly. A lot of people thought bitcoin was dead after mtgox, so from 2014 to 2015 a lot of people saw bitcoin sit on that nice 150-300 USD range and nobody bought or nobody bought that much.

As far as fees goes... they will keep going up, since I don't see a blocksize increase anytime soon. And no, I wouldn't cold storage in segwit, too paranoid for that. You can still send transactions for like 4 bucks too (legacy transactions). I think people exaggerate when they say "it's $30 now". That must be during peak mempool times, recently I just spent 4 bucks on a transaction.

It's not listed on the 17th, we have still hours to go because it's listed on the 18th, particularly today at 12 PM it will start. I have already got some popcorns to see some candles. Let's see what they can do. The first part will be the offline hours for the contracts, as BTC market continue moving without them, that will be fun to watch.

I have concluded that both CBOE and CME are irrelevant for other than BTC holders themselves speculating about how much of an impact they will have, but long term I don't see much relevancy once the novelty factor wears out.

Nice conspiracy theory, but I don't see how people would exchange their coins for "cryptoyuans", at least all at once to create a crash. I don't see how "Then when the chinese government gets all its people's bitcoin" this works. People could keep their coins in cold storage and sell it elsewhere. This is just dumb to be honest.

And even if China got all those coins, the market would be liquid enough to absorb a big dump once BTC is worth a million bucks. At that point BTC will be seen as a super stock similar to berkshire hattaway type A. People will just buy the dip. It takes more than your theory to create a mega bear market.

Lol, the bear bulllish indicator is right once again:



You are already down big time since OP made the thread, and even lower if you sold at the dip instead of buying it as you should. There have been several all time highs since your bear market prediction. Admit it, you fucked up, better luck next year. If you keep calling for a bear market monthly you will eventually be right.

Nobody is trading actual bitcoin on these markets, im not worried. CBoe was irrelevant, in fact it created a pump. Of course CME are the big boys, but so what, they could fuck themselves up real bad if they short it and some billonaire decides to buy a bunch of bitcoin destroying their short contracts and causing a total disaster. Seriously I don't think these future markets matter that much if at all. Who is going to be stupid enough to short bitcoin anyway. And if you short, you better don't aim too low.