low volume low movement weekend so far.

i guess everyone is busy celebrating the year of the chicken 

bitcoin is a forkocracy 

it does look very bullish short term
my 860 kinda looks like a long shot, we might be >1000 in a few days....
FOOK.

oh well, i just thought all the longs in china covering while all the scraping bots getting shutdown might cause some very noticeable price weakness.

i forgot bitcoin is a honey badger

altho i agree that now there volume data makes more sense
I cannot agree that "This has been their real volume all along"
they have removed leverage and more importantly added trading fees!
its no longer possible for traders to try and flip there 0.5BTC back and forth for 0.0002% profit each time 24/7
all these "scalping bots" are dead in the water.

IMO there "real volume" dropped 50% AND they turned off there own volume generation bot which might of accounted for 50% of there volume, hence the lack of volume seen today.

its unclear if they will remain the leaders by volume, i think a lot of chinese traders might start using other BTC/FIAT exchanges that offer leverage.

but IMO china's exchanges getting hit hard like this, is a net loss on BTC demand since not all of this volume lost was fake.

its always more of a gamble to bet on down then up. ALWAYS.

after all if things work out very well we're looking at: no amount of fiat will buy you any amount of BTC relatively soon (within 1 or 2 decades)

and if things work out badly we can blame core while we cash out at 12K

25billion dollars a year get sent to mexico

any minute now!
860 . DOOOOOOOOOOOOOOOOOOM
yup yup yup, this recent spike is just market being overconfident...

I will get my 860 coins
I WILL!

not look at price for years? O_O
thats NUTS why why why would you do that to yourself.

IMO, at this point in time, its very beneficial to bitcoin if we all play the short term speculation game. this would gr8ly help stabilize price, and provide liquidity, and its quite a fun game to play!

maybe we'll see the: "OMG mike hearn was right all along crash of 2017" coming soon?

BU can solve the problem, but as long as people still fooled by FUD or don't understand BU at all, BU can't be activated. If we force BU while less than 95% miners or node operators, blockchain could split into 2, community could divided, panic sell and bad reputation for bitcoin.
Off-chain solution such as LN could fix the problem, but i think it's not the best solution since LN has some risks and i think bitcoin could be "centralized" if users/services become dependent with LN.

So, i think all miners and node operators must accept BU or tx fee keep rising and condition will be worse over time

today is the day i can feeeeel it

buy support feels pretty darn good lately, goes down hard and snaps back pretty quick.

still waiting for my target tho

come on 860 thats all i ask

Loaded, time to Unload dont you think!?

BTW china called and they said you can have your bitcoins back now.

th dif went up 15% in <1 nano second, you need to understand that.

this was a huge dif incress, this indeed did significantly slow down the rate at which blocks are produced.