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I'd like a dump back to $290's so I can get back in on the trading simulator.
Any weak hands wanna help a brother out?
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Thar she blows.
Cheers gentlemen.
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buy @ 291.06
ughhh, fomo trade
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I'd buy potable water and food when the banks open.
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Buy 283.90
You really couldn't have dont much better on that one! Especially with the 8hr window! sgbett is going for epic comeback. |
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Body positive yoga formation on the 3m. Edit:  |
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Pleeeeease...  No more of coil springs and cobras... And where's mommy, why did she leave after taking a look at the bank paper in the mail? |
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Down to 284 on Stamp, I was hoping for an assault on 300 tonight, looking unlikely now.
Is 280 going to hold?
Depends on how much the LTC ponzi guy sells off in Bitcoin. + panic sells. It's not the ponzi guy controlling LTC, it is a whale, probably a group of them. Doubtful that Mr. Ponzi had such a good pump bot and control over multiple exchanges. Looks like the LTC selloff is spilling over a bit into BTC. Meanwhile LTC may go to $3 before bouncing. Idk, LTC hit the 61.8 fib retracement so it could possibly be a bottom at this point. Maybe another runup? Placing bets for tonight on into tomorrow? Fibonacci analysis on an illiquid pump and dump, what could go wrong? Point still remains that this retrace stopped right around the aforementioned level so I imagine some sort of support must be forming again. One of the dudes that called this last ltc rally is back in 100% right now. I'm not that bold but I did add some to my plate. Correlation != causation. Best of luck to you tho. At least you're buying 50% lower than yesterday. Regarding bitfinex, kinda sad to see what the real bid side looks like after our benevolent bullwhale took his $millions off the (visible) book. |
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Down to 284 on Stamp, I was hoping for an assault on 300 tonight, looking unlikely now.
Is 280 going to hold?
Depends on how much the LTC ponzi guy sells off in Bitcoin. + panic sells. It's not the ponzi guy controlling LTC, it is a whale, probably a group of them. Doubtful that Mr. Ponzi had such a good pump bot and control over multiple exchanges. Looks like the LTC selloff is spilling over a bit into BTC. Meanwhile LTC may go to $3 before bouncing. Idk, LTC hit the 61.8 fib retracement so it could possibly be a bottom at this point. Maybe another runup? Placing bets for tonight on into tomorrow? Fibonacci analysis on an illiquid pump and dump, what could go wrong? |
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The whales of today are so boring. For the princely sum of three million USD they have the opportunity to punch a big gaping hole in $300, but nooo. That would be too much fun. pussies Screw this! I'm going to bed. Just in case: Have your 300-gifs ready...
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Gentlemen. Good morning. As delighted as I may be with the way things are going, this is starting to intrude on my beauty rest! Fix your broken coin, gentlemen    Oh... I can't stay mad at you, you make me so happy! I forgive you! Hahahahaha!
The price, gentlemen! Can you even believe it?!!
Remember when lamp chop called the bottom? ♫Memories♬ |
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Fortunately it really doesn't work like that.
For example 1000$ was reached with likely less than a millions Bitcoin users
Exactly. If Bitcoin was adopted by let's say 1B people, a exchange rate of $50k+ per Bitcoin or higher would be realistic. We all know that the number of people who use Bitcoin is not that high and is not growing very quickly (as it could). However, things have been improving over time and there is a good chance of us reaching such a price in the future. I wouldn't call the scenario that OP mentioned impossible, it is just rather highly improbable. Almost anything is possible. A billion people doing ~2.7 transactions per second. That's actually not possible. I guess we can wave our hands chanting "sidechains" for the time being tho.  |
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Higher prices lead to higher prices  Doesn't seem like it is 100% going to happen. nothing is ever 100%. As mentioned in the comments on that thread however there are plenty of fundamental reasons why it can and should push through Fundamentals such as Greece financial problems will push bitcoin's price to go higher than the usual. This is because people are buying coins because they're excited that Greece will turn to bitcoin after lo osing too many payment options. Even WU decided was politely asked to close on Greece. |
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I have no issue with the increase to the "maximum" block size as proposed by Gavin. It doesn't mean miners are going to utilize the extra capacity unless they are compensated for it.
Bigger blocks do impact all mining pools (and full nodes in their own way), independent of whether they set their software to make smaller blocks. It comes in the form of validation and hashing the transactions, which takes time, in a game where seconds count. That's why this is important to get right, and I think something crucial in the growth of btc vs plenty of willing competitors. True and some independent miner will no doubt build those huge blocks that everyone else has to deal with but the big boys aren't going to do it for free. Should we invest in larger highways or force people to carpool? It may take some time to resolve... Nice metaphor, a small village with a single lane toll road is going to have a hard time competing with the town next door with a two lane (miner) subsidized thoroughfare. And after time and growth. A big city shouldn't/can't use a 30 lane freeway, but can (for a fee) generate a market for limited travel capacity, because the demand to be there exists and that demand is willing to pay (to use the most secure blockchain). |
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I have no issue with the increase to the "maximum" block size as proposed by Gavin. It doesn't mean miners are going to utilize the extra capacity unless they are compensated for it.
Bigger blocks do impact all mining pools (and full nodes in their own way), independent of whether they set their software to make smaller blocks. It comes in the form of validation and hashing the transactions, which takes time, in a game where seconds count. That's why this is important to get right, and I think something crucial in the growth of btc vs plenty of willing competitors. |
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When do you think the transactions are going to clear up?
I think it would be great if they never clear up. Bigger fees only make sense. The average fee for the 22800 pending transactions is .000128 BTC or 3.4 cents per transaction. Anyone who wants to get a transaction processed in the next block or two only needs to have a $0.10 (.00037 BTC) fee and it should be just fine. The way I look at it, if you don't think it's worth it to pay 10 cents to process your transaction on the most secure network on the planet, then use a less secure alternative. The higher the average fee goes, the less chance of spam attacks and low value transactions bloating the Blockchain. Why can't we have both a fee market and higher throughput? Seems a bit early to say 2.7 tx per second should be set in stone. Shouldn't it be allowed to grow in the early stages? Within reason, wrt current hardware and avg bandwidth capabilities. This still requires adequate time to be studied, and shouldn't be rushed, nor needlessly delayed. Even the bandwidth constrained majority of chinese hash power said they would be open to 8MB. It seems like a somewhat artificial handicap when btc is competing with an entire universe of alts, many with much higher throughput. The fee market should grow in proportion to the diminishing of the block reward over time. Early=big inflation/no or tiny fees, Later= exponentially smaller inflation/higher demand for limited blocksize (speed incentivized by non-trivial fees eventually). |
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No.
And even if they wanted to... our 2.7 transactions per second capacity is plumb full already. Maybe dogecoin?
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Careful, boaring can quickly turn into a goring.  |
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