Nice article there. This tether issue is just FUD.
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2MB blocks, 8MB, 64MB, whatever you want MB is not the solution.
2mb would give Core time to implement LN and other sidechains.
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It has always bounced back from dips like this in the past..... but who knows how low it will go this time.
According to Masterluc, its 10k. It will be swinging between 10-16k for some time.
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I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.
Lightning network is just one of many sidechains, and one which will atract institutional investors. I hope that in the future we will have lots of different sidechains, each for a function: one to buy a coffee, one for settlement between banks, one to buy cars, one to buy real estate, and each will have its own limits, and its own fees.
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Bitcoin is more safe to hold than gold. Gold you can lost or be robbed.
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Trace the volume since mid-September and you will notice this is a bulltrap. We are not fully corrected yet. And theres still this: https://blockchain.info/en/unconfirmed-transactions when this money arrives on the exchanges, expect another dip, before the new year.
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I think it's going even lower, I see below $5000 before 2018 and even lower after january:
Seems you shorted all of your stash.
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I try to avoid using the "ignore" button as many trolls and much FUD can be amusing. I've only used it for really obnoxious, insulting trolls like Notlambchop and Matthecat. I've come close with r0ach but he's such a laughable buffoon I've let him go despite his bigotry and the sheer number of his posts. I never use it. I like to read r0ach and kwukduck posts. They are very amusing.
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Yes. It can happen until mid-January. People are cashing out for holidays.
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You call a 50% dip a correction? No I think it's a crash.
Its a crash, but I dont think it will provoke a multi-year bear market. Theres still bitcoin mania in the news, and massive demand. Due to the holiday, people will not be buying it too much, but by mid-January it will be back to normal.
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Bitcoin will die but some other coin will survive.
What other coin? Let me guess... WAVES? IOTA?
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Some people were saying futures markets would "legitimize" bitcoin.
Thats your "legitimizing" right there. They want it to be like gold and silver, completely useless.
Also, creating artificial "bubbles" through pumping from funds is a quick way to implement "regulations" (read censorship) in crypto-currencies.
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If you think liquidity is an issue now. Just wait until the big boys start to realize they need to balance their holdings with actual BTC so that they can play in the market. All other alts will benefit.
The big boys just want to short it to the ground, to keep their status quo. They will pump it, of course, but the dumps will be even worse. Get used to it, this will be normal now. Do you think they want a rich Earth, where the work is done by robots and everybody lives in comfort? Thats a programmer pipe dream.
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Both the miners and the devs are guilty of such fall, Jim.
The miners for sabotaging the network, switching all their hash power to BCash.
And the devs for delaying the lightning network, and not implementing SegWit as a default measure.
More frightening than Roger Ver shilling was a Core dev opening a champagne to celebrate the highest fees ever, fees higher than a international wire transfer.
And in the shadows, hedge funds, which have been pumping the price since October, short their positions to win bets in CME. Who knows who is buying now and what they will do in the next futures round.
But bubble, this never was, Jim. It is just a slow corporate takeover, on both sides.
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Wall Street.
This is the so-called "legitimacy". Get used to it.
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Ripple rising so fast. That's so obvious, isnt it? Right after CME starts, and with miner support. The miners and bcashers were used, of course, as BCash is also falling. Unconfirmed transactions keep piling up: https://blockchain.info/en/unconfirmed-transactions and I dont think its all spam this time. Its people trying to get out. I think it can go until 8k, but I might be wrong. Maybe this sparks a bear market, who knows.
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Welcome to Wall Street.
They have been buying since 8k. That's our support.
That's why the price have been skyrocketing so fast.
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Breaking 24777$ prediction game
09/01/2018 explorer 13/01/2018 undeadbitcoiner 14/01/2018 northypole 15/01/2018 ivomm 25/01/2018 orpington 27/01/2018 LFC_bitcoin 28/01/2018 jojo69 31/01/2018 realsteelboy 12/02/2018 yonton 13/02/2018 Wekkel 19/02/2018 BitCoinBurger 06/03/2018 sa_94 07/03/2018 NUFCrichard 05/11/2018 mikenz
Maybe because its This time of the year we make a small game Just to call 24777$ (CET) the one with the day of breaking This price wins .25 BTC The list Will be Made after This post So When a date is taking iT cannot been taken again When the winning date is exactly in the middle of 2 each Will get .25 Oterwhise closest to the winning date wins
LIST MAKING ENDS 25-12-2012 @ 22.00 cet
Put me in 18/03/2018.
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