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Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.
It isn't hard to see a perfect storm for bitcoin during times of further turbulence in the major markets, where negative rates are being introduced in Western economies as central bankers start to lose control. Previously there has been a hunt for return and yield with QE and cheap money post 2008 being used by banks to bid up stock markets and levitate asset prices. ZIRP has turned everyone into a speculator with cash offering negative returns and the markets looking crash prone now bitcoin may start to look mighty attractive as an asset class in the coming months with it's unique monetary properties.
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Looks like you got your purge Bitusher.
I'm getting posts deleted east, west, left and right.
Congratulations!!!
I don't recommend or advocate for censorship. lel btw... did you correct your orgasmic announcement of the "Call for Pre-Consensus Consensus Letter" where you were woefully confused about what BitmainWarranty is? It's true, 3 more weeks of stalemate is exactly what was needed. Time enough to get a lawyer to say some scary words that mean Bitcoin can never hardfork again! Hurray! They just ain't got no scruples.  brb, gotta go work on my github attributions lol |
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UPDATE: I now have a 80 coin short in. Want to make it 160? 320? keep pumping, cripplecoiners.
Wow... you are braver bear than me... I shorted 2 days ago, when 12h MACD divergence looked ready to cross into red, and then had to close the short at a small loss, so now I'm waiting, it may crash this weekend or climb to 400$ and then crash. Anyway IMO support at 300$ must be tested, even in a bullish scenario. I love that even your bullish scenario includes a price crash of 21%. Nothing changes  |
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<snip>
... let the DDOSing begin now that techignorati who use binaries because they can't build from source are wandering stupidly into the badlands. tally-ho
I am genuinely looking forward to seeing what response you, brg444, icebreaker, hdbuck et al. provide for our entertainment if the network actually forks to classic and no disaster occurs. All that brazen supercilious venom spewed over the last year with potentially nothing to show for haha.  |
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I can now merely shrug as the market is tossed up and then smashed down by a single mouse click somewhere. Matt chill out before you pop something |
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Up and down like a tart's knickers.
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Hey, aren't you that guy who sold his coins for 10$?  |
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Maybe Peter Todd isn't actually the vermin his online reputation would suggest.  |
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Nah the bitcoin is not crashing it will be better soon.
Its just a matter of time the bitcoin will rise to a higher amount.
Don't listen to this topic title its not true, the bitcoin has a great future.
crash has begun bro, price slowly drop in last 2 days. lucky we get support when price touches $350 but looks this will continue for a week. hope crash will stop, soon! I do feel the price will crash now. It's very much tempting to sell all my bitcoin and buy back in a month. When the price is lower then 250 dollar  Except if you sell you know the price will do the opposite and rise The problem with markets is they tend to do exactly what you don't want them to. |
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Mike Hearn has nothing to do with the price. |
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Top of trading range and breaking out, or heading down again? |
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Levitating just above 400. Is this a bull market or not.. |
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agree, that's it with classic. I would take anything brg444 says with a pinch of salt as he completely lacks objectivity. |
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Why are we back above 400? Has the Toominista Rebellion really been defeated?
Appears to be china news or stock market getting slammed due to uncertainty and a small amount of capital flight... when consensus is reached or other competing implementations give up I expect a much higher bump. Yep once we get consensus - either a fork higher or Core fold and increase the maximum blocksize to arrest complete loss of support from the entire ecosystem - the relief rally (conveniently timed as a pre-halving surge) could be epic. |
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Right... 4 people holding more than the botom 40% USD is worse than 2 or 3 people holding 99% of bitcoin.
Somebody missed emelemtary calculus...
Hey aren't you that guy who sold his coins for 10$? LOL |
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There are like 40 Core contributors. Who's going to maintain this thing if we fork off? You don't understand open source development. |
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luke-jr and jameshilliard trolling to the maximum on those pull requests. little children.
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SW, at it's theoretical maximum, will force you to transmit 4MB worth of data for only a 1.75MB maximum gain in tx's and associated fees. how does that help you vs a simple blocksize increase to 4MB worth of pure tx's and fees?
This is a complete lie and misfabrication. macbook-air please, if you are wang chun, do consult with the Core devs. Segwit is the most responsible way to end this dead lock for now and will provide for ample time and headroom to optimize the propagation problems so that a 2MB hard fork may go through with absolute network consensus down the road. There is still clear dissent amongst users about a contentious hard fork and while miners may agree it would create a bad precedent for you to force this on the community. please point out the technical error. Crickets! |
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The volatility IMO is due entirely to the hard fork. A big player (likely miner) sold at 450 because they know what is coming.
Expect price volatility to be much higher for a bit whilst the market tries to understand the ascent of Classic over Core in the upcoming hard fork.
I think we get short term negative price action followed by a huge relief rally leading up towards the halving.
Be careful with leverage because I wouldnt put it past some rabid small-blocker-early-adopters to dump thousands of coins in a futile attempt to prevent miners switching to Classic (though that is now almost fait accompli).
'lel' to brg444, marcus of augustus and all those who thought they knew better than the market.
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Bitcoin development has never been so exciting - BU, XT, BTCD, bitpay Core variant and now bitcoin classic. This is what open source is all about. Well, development is about developing new solutions to problems. Not about arguing whether a particular variable should be set at X or Y value. If that's "development" then 1000 versions could spring up each one having their own proposal for that particular variable (max block size). How would that improve anything? That's not development. In the end of the day the only people making work that will actually help bitcoin scale more => are core devs. KISS. Appeal to authority doesn't work against the market. |
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