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Chart Buddy Chartblock
400 coin flag planted on $234 finex.
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A few dollars up and down isn't even a move, it's just noise. This stability is doing strange things to bitcoin traders, has them making mountains out of every little mole hill.
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If you're not catching flak, you're not over the target.
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Any kind of rise is welcome, even if it just shuts the ridiculous trolls up on here.
I think the COIN ETF is still some time away from being regulated & released but the Gemini Exchange could begin trading in the next 2-3 months. Gemini will almost certainly have a positive impact on the price so I'd say every single bitcoin you can afford to buy now is a great investment as with the next halving only a year away I think we'll probably see at least a 50% price rise on what one bitcoin is worth today.
Why would Gemini have any more/different impact than ItBit or Coinbase Exchange? People who really want a US based and compliant exchange already have options, and the volume isn't all that impresssive. COIN trading on nasdaq probably would have an impact on the price. The artificial 2.7 tx per second limit, and the intransigence of people on either side of the argument for raising it, is much more concerning for the long game. I don't see any substantive rally until that is sorted, which is good, because the network couldn't handle the traffic another bull run would generate in its current state. |
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Dumps are fine. It redistributes wealth.
For the last 18 months, dumps have been redistributing wealth from the buyers to the dumpers. I've been offline for a few days, surprised to come back and see such a pile of bids on finex. Painting the order book to look bullish (or bearish) usually means trying to support (or suppress) current price without the conviction to pull the trigger. Looks like a lot of the last $6 of gains was bought with borrowed money. I hope they're pretty tolerant and solvent. I guess we'll find out. Did the winkies announce anything, 2 weeks™? |
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Litecoin crashed from $48 to $0.92
98% price fall .......
that puts forth a different question.....IF Litecoin survives and you treat it like land or a stock....it most likely WILL EVENTUALLY get to the former high price it once was... it may take 10 months or 10+ years....again on the thought that it continues to EXIST so it all comes down to .do you think LTC is a viable candidate even at its current at say a modest 0.006 LTC or so to BTC and will toddle along into the future? you can make the same bet/guess with BTC IF ALL crypto is just a speculative bubble in your or others views....and we are just playing in the margins ..in that bubble till it pops that is another view But again you have to consider....LTC as an ALT to BTC has survived up to this point and my bet (not that I know squat I at one time drank the BFL kool aid as a newbie so keep that in mind) is that if blockchain and other apps are made for BTC they also will be made for LTC imho....if for no other reason then some folk don't like BTC and its top heavy whales... so thus the bet ..if LTC survives ..say 10 years + ..these questions will all be moot ..if LTC and/or BTC don't survive we will have a good laugh like the wave of Chinchilla ranchers (bsmt cages) of the 60's .....folk getting a good laugh in the assisted living homes as we speak....ya gotta admit all this is interesting as heck and not boring ... Also remember it is not WHAT you paid imho on what you got into crypto at ..either LTC or BTC ...it is WHEN you got into crypto..again either into btc or ltc that is important assuming the crypto universe survives along my long term 10+ year projection.....and if BTC does survive my bet is (again note above BFL kool aid disclaimer) I can easily see LTC as an alternative blockchain for apps and value at 0.006 LTC to BTC and above ...merrily mucking behind in BTC's wake so to speak..and in that I'm mining I can live with 0.006 LTC to BTC just fine ...assuming the usual...applying this supposition to BTC of back at 1000 usd that would mean LTC would be $6 bucks at the 0.006 LTC to BTC rate ...I would expect it to be closer to 10 bucks ...or more as an alternative to BTC at that rate or higher however...again this is all imho. so you roll the dice and see how it goes  so as to this thread LTC to take BTC in its place....anything is possible....but I don't see the alternative of LTC just going away as an alternative..if it was all btc all the time alt coins imho would have never pop'd up in the first place and would certainly not have had such a dramtic rise like the last run up to 40-50 bucks on the BTC high anyway....we will see how this all shakes out soon enough...and I myself expect another bubble up with BTC and LTC in BTC's wake just to further befuddle me in the near future anyway my 2 satoshi's worth assumption that prices will rise over time/use of crypto .. You had me at basement chinchilla cages... |
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Feels wrong to compare a crazy day spike to $32 to an 18 month slide. The best price in June 2011 was much more likely to be $17 than $30. Somewhat similar to the spike to $266 in mid 2013, it more than halved in a day when gox soiled the sheets. The 2014-15 bear is a completely different animal, not a blow off top, but a slow, excruciating, grind down over many months.
The early crashes were worse in severity, but nothing like this bear in terms of drawn out torture.
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Comparing a heavy, inert, and malleable metal, used as money for 6000 years, to a string of characters isn't really helpful at this point. Gold is supposed to be a fallback, a bearer asset with value regardless of externalities.
Bitcoin is a highly speculative digital token that could be the moon or zero, sometimes within the same week. It's dependent on a bunch of things working perfectly just to function, let alone thrive. They're completely different markets, and people (should) have completely different reasons for holding them.
For perspective, being generous, the entire market cap of btc is a few weeks of phone sales for aapl.
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As much as I would wish for your analysis to be wrong this time... your reasoning is sound. The facts aren't pretty. Get ready to short a Gemini bounce. 2015 is not our year.  |
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JayJuanGee
I'm working on a model for the pain threshold of btc investors. What is the point at which you sell everything, and refrain from telling anyone you know that you even flirted with such a thing? I acknowledge that either of these things could happen, but what is the price point that both do?
Kind Regards,
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Cryptonote/Monero vs. Sumcoin/Blockstream's Confidential Transactions
Afaics, the anonymity does degenerate in a way that it doesn't in Cyptonote (Monero), which is conceptually relevant to my initial objection above regarding the fact that the recipients must be able to prove the amount they received (aka the Sumcoin viewkey).
...
The author doesn't state the holistic problem ... , that as values are revealed where the coin histories are not untraceable and unlinkable, then solving for other unknown values in the system
Thank you for your feedback. I climbed down that theoretical physics rabbit hole and I am convinced there is nothing there. The entropy is limited by the number of opcodes in the hardware or software instruction set. It is not possible to spontaneously generate deterministic order of out disorder; and PoW requires a deterministic winner of each block. Order that arises from chaos was already there but under sampled (i.e. unobserved).
Attempt noted. The author apparently thinks that users won't reveal their view keys in public.
The author (me) does not think that. But does, apparently, attempt to publish pragmatic improvements in technology, without raising his expectations of others to the point of being discouraging. As you do not publish your design, I can only respond with wild imagination. Your bearer coin might do well to hide values in its off-chain components; whether this specific technology may be useful for that, I do not know. I can imagine that the pure hash on-chain re-orgs are going to be possible and fun. Lamport signatures or much longer keylength for quantum computing. Of course, when people are Sybil nodes, and your spend is to an under-cover agent, and the courts shall accept the agent's circumstantial proof as sufficient and ignore the [lack of] math, ... oh what a world.  I have thoroughly vetted and confirmed your analysis re: NWO takeover of first gen POW attempts, feeble as they may be. My flea bites have necessitated a complete rethink of my theory, however. |
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New post on Friday: ...  Why post this? Could this have a hidden meaning -- a donut is also a symbol for zero. If Friday was day zero then Gemini could launch tomorrow.  Them be some fancy donuts!I agree I think it could be a hidden message, no purpose on posting this unless Tyler or Cameron accidentally thought they were logged in on their personal account and wanted to post a picture of the gourmet donuts they were being served. I'm thinking it's a sign... 4 days until launch? THey posted it on the 5th so that would mean they are launching Wednesday the 9th. They could also explain the mini pump we saw today, for those that have inside info. Do you even NYC startup hipster broh? |
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If Satoshi had seen 1MB blocks as being absolutely critical to achieving the goals of the project, similar to the fixed distribution in terms of importance, why not act or write in a way that emphasized that? In fact, he acted and wrote as though the blocksize would absolutely be variable over the time vs technological capability curve.
That's right, but 20 MB is way beyond the technological curve right now and for the next few years at least. It is premature. Why did satoshi put the 1 MB cap in there in the first place? It was an "anti-spam" function, but why was it important to protect against this sort of spam? Because the technological curve wasn't up to the task of operating a decentralized consensus system with >1 MB blocks and allowing spam beyond that point would be to allow a successful attack against the system. If it wasn't up to the task of >1 MB a few years ago, what makes anyone think it is up to the task of 20 MB now? It wasn't and it isn't. One of the main tenets of successful bargaining, you don't start out with your final offer. Compromise doesn't magically begin at the optimal agreement. It was easily guessed that such a suggestion would start a rift, that the ensuing debate would take a long time. And in any case, would not being implemented until mid 2016. There's also the desire to give enough headroom to have plenty of time after it is implemented to discuss a more permanent solution. |
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♫"And she's buying a stairway to $200"♪  |
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Well, good, I think we've agreed 2.7 tps is inadequate in the nearish future. We can also agree that the move from 2.7 to 50,000+ of VISA/MC is impossible and undesirable due to its impossibility.
So the only question is, how much it should increase? And what is the methodology for determining the scale of increases? If sidechains begin to pick up some of the load, great.
Plenty of time to debate it out, hear proposals, even vote by using software. The ad hominem slights and MP style roastings seem to be counter productive, though they are fun.
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If Satoshi had seen 1MB blocks as being absolutely critical to achieving the goals of the project, similar to the fixed distribution in terms of importance, why not act or write in a way that emphasized that? In fact, he acted and wrote as though the blocksize would absolutely be variable over the time vs technological capability curve.
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...
Youtube is also full of videos under "party levitation".
The quest is to increase the antigravity field strength by a factor of 3, so that the object becomes weightless.
 Laws of physics be damned, we're innovating over here. |
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possible trend reversal this weekend? Upward? It hasn't gone down or up... It's stalemate. The fork talk isn't over but that isn't happening any time soon. Price has gotta go somewhere. What reason for it to go down after this brief recess? I just sold so I assume that means it will go up now. Considering that both the fork and the halving will happen in the next year, It will go nowhere but down/sideways in 2015-2016. And although the current development discussions/actions are very important and productive for bitcoin while at the same time entertaining for the already established community, the uncertainties that they bring are keeping away the serious investors/big businesses and prevent or slow down the adoption rate considerably. I for one, thank my, err, YourMother, for some thoughtful and candid remarks lately. |
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