I basically agree with your interpretation. Looking at how 'easy' it was to force through a major change re the size of a block in a very short timeframe, I don't see that 21 mil will also escape a challenge at some time and we shall see what happens then (consensus or a fatal lack thereof). In fact, before such challenge we would never know how solid the consensus is/will be.
No change has happened, so we don't know how "easy" it may or not be. But it reeks of hyperbole to say that simple transaction throughput capacity is an issue on the same level as the 2.1 quadrillion satoshi. There's a certain sort of mutually assured destruction incentive structure at work on that one. |
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I guess it is more beneficial in the long run to be a bitcoin millionaire than a fiat trillionaire  Bill Gates wealth did not grow that fast over the recent years right? He still has a long way to go.. Well that depends if bitcoin will end up where it belongs, or it's going to be beaten off by banks and givernment. In the case no#1 it would trully be better off with 1 million bitcoin rather than with fiat, since fiat can be(is) printed 24/7 and will continue to inflate, where in bitcoin's case it will always be under 21 million. And if Bill is to invest into bitcoin, he could easily outnumber Satoshi in count of coins. cheers Watch that slippage!  |
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There are already threads that discuss and keep track of those instruments, but they may not be be updated regularly: KncMiner XBT: 3175 BTC traded at 248$ !$GBTC Speculation, Information, and CogitationFor XBT Tracker One, my USD prices are different from those reported in that thread because I use the approximate SEC/USD exchange rate of the day, whereas that thread may be using the nominal value posted by KnC. There are also service fees that may not be properly accounted for. Thanks Stolfi The knc ETN appears to be a pretty good interface between miners and conventional asset markets, with improving volume. GBTC is a sort of curiosity, at least it exists I guess. |
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It's still a million miles away from being considered any type of save haven. Right now it's a curiosity, a gamble and an extreme speculation for many people who hold coins.
If your life is about to go down the tubes you're not going to skip your mortgage payments so you can keep your coins. You're not going to tell your kids they can't eat tonight because you're a Bitcoin believer. They'll be the first thing to go.
I've heard of bitcoin addiction before... But giving up your children so you can continue to hodl? Sheer depravity.  |
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Building this userbase is where you and cypherdoc come in handy.
yep, you got it butthead. build it across Africa, SE Asia, Russia, & the Middle East. all territories in which your authoritarianism is impotent. A full node on every cell phone, a chicken in every pot. |
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There's been hundreds of millions of usd invested in bitcoin startups. I sometimes wonder if even one or two of these entities or their investors are using a few mil to stave off further declines. Not trying to run a rally all by themselves, but putting a floor, and at least sow some doubt in the minds of weak handed hodlers and shotrers.
Charles Lee (Litecoin's mommy, now at Coinbase) was once asked that in a reddit AMA. He explained that Coinbase cannot use any of their VC capital for that purpose. I am not sure, but there may even be laws in the US that prohibit a startup from using its VC capital for speculation or to invest in other things. Perhaps because of tax reasons. It also does not make sense for VC investors to give several million of their money to some computer nerds for them to play the market. If the VC investor wanted to speculate with his money, he would do it himself, or hire experienced traders. However a company that wants to start a bitcoin fund may legitimately buy bitcoins. IIRC, when Tim Draper bought the first batch of USMS bitcoins, he said that they would provide liquidity for a company called Vaurum (that Nick Szabo worked for, BTW) and now has some other name. My speculation leaned towards the high net worth individuals who owned stakes in these firms, pushed the investments in bitcoin companies, and shouldn't be legally required to report their activities when using personal funds. Edit: redundancy and first 400 coin miniwall at 241.5 (eaten) |
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Ask wall accumulating rapidly on BFX... whale friend having fun again.
It looks like he is playing with himself. Not much volume after those two sells. Yeah it appears whatever was sold into the bidwalls were quickly placed for sale... Either selling to himself or just an unattended bot. I guess no one here would consider that this entire pump n' play was orchestrated by a single whale or maybe two, because no other whales are currently in this market and they can play with free abandon and with little downside risk? This is the fun you get when one or a few whales splash around in a dead market. Seems the whole move was orchestrated by the one whale and his magical shape shifting walls. Traders have become somewhat immune to the fear of missing the train. Will the walls stay in place and be eaten by profit takers? The "benevolent bull whale" scenario. Or will support get pulled right when things get ugly? Fueled by a not so benevolent whale going hard short and reaping the gains of panic selling? In either case, I'm less scared of a rapid push to 280 than a regression to the 220's. Probably just going to be a flat weekend with a struggle around 240. There's been hundreds of millions of usd invested in bitcoin startups. I sometimes wonder if even one or two of these entities or their investors are using a few mil to stave off further declines. Not trying to run a rally all by themselves, but putting a floor, and at least sow some doubt in the minds of weak handed hodlers and shotrers. |
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Greek millionaires are as likely to plow their cash into rare pokemon cards as they are into bitcoin.
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Ask wall accumulating rapidly on BFX... whale friend having fun again.
It looks like he is playing with himself. Not much volume after those two sells. Yeah it appears whatever was sold into the bidwalls were quickly placed for sale... Either selling to himself or just an unattended bot. I guess no one here would consider that this entire pump n' play was orchestrated by a single whale or maybe two, because no other whales are currently in this market and they can play with free abandon and with little downside risk? This is the fun you get when one or a few whales splash around in a dead market. Seems the whole move was orchestrated by the one whale and his magical shape shifting walls. Traders have become somewhat immune to the fear of missing the train. Will the walls stay in place and be eaten by profit takers? The "benevolent bull whale" scenario. Or will support get pulled right when things get ugly? Fueled by a not so benevolent whale going hard short and reaping the gains of panic selling? In either case, I'm less scared of a rapid push to 280 than a regression to the 220's. Probably just going to be a flat weekend with a struggle around 240. |
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Will it go up from this price on Saturday/Sunday or down? If you look at the wider picture over the last few days it's still rising
I guess it will definitely go up anyway ,maybe monday even Why "definitely" bro ? Definitely maybe Price can increase sunday afternoon, or definitely decrease. It maybe even next tuesday will arise, or absolutely fall. After this rise price looks to reach 300 for sure, also looks to decrease to 220. For more stunning analysis: Consider signing up for my newsletter. |
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If anybody had any doubt before the last few days shenanigans. This market is manipulated like almost no other asset on the planet.
Tarmi I'm giving you a hard time. Similar to how you rightly rattle the bull's pen on downturns. No doubt your shorts at near 300 have paid for your mistakes at 235.
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double digits soon!
you can quote me.
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 Whoosh! Lol, party's over, whale flipped the manip switch. |
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B..b..but... all the smart money said double digits incoming. Shorting this ponzi after 80% decline and 18 months was guaranteed. Curse you ALL!  |
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