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Cannot speculate on price on this event.
Remember the central-bank-fiat-institutions can manipulate asset prices with derivatives.
Will futures introduce similar manipulation (as gold, stock, RE) after a period of years if more and more funds use futures/derivatives instead of underlying actual bitcoins?
That is why, ALWAYS rely on accumulating real, actual Bitcoins, they are true and scarce.
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i USE bitcoin everyday by holding to increase my wealth with time (or not have my purchasing-power go down as if I was holding crappy fiat-currency or centralbank-manipulated assets (like stock, gold, real estate). It is the best, store of value asset available in the world. Available to everyone in the world.
Everyday my USE of my wealth is secured, and everyday I have the power to transfer it around the world without intervention by anybody else.
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"Bitcoin Surges Above $4400 As World Realizes Jamie Dimon & China Don't Matter" Bitcoin just topped $4400 for the first time since in over 3 weeks and has now erased all of the plunge losses from Jamie Dimon's "it's a fraud" and China's shuttering of all local exchanges. It didn't take long for the world of crypto-currencies to shrug off Jamie Dimon's self-tighteous denigration of the decentralized currency that could directly 'disrupt' his cash cow businesses; and furthermore, as The South China Morning Post reports, China's bitcoin market alive and well as traders defy crackdown.
Although the crackdown has dissuaded large swathes of less-experienced investors from participating in the trade, market participants point to the limits Chinese regulators ultimately face in controlling the industry, where many users are anonymous and difficult to track.
In the short-run, the crackdown has also created an arbitrage opportunity for investors, with the price of bitcoin in China now trading at a discount to overseas exchanges. http://www.zerohedge.com/news/2017-10-01/bitcoin-surges-above-4400-world-realizes-jamie-dimon-china-dont-matterChina mining ban = more for the rest of us, hooray... Any government ban on any Bitcoin activity in which their citizens actually comply, will be a detriment to her country's peoples as all others in the world will move up in wealth leaving her country's peoples behind. It is a reason to weep and feel sad for those people. effects on market? Bitcoin has hit escape velocity 4 years ago in 2013, at this point, even if China, USA, Russia, India all get together and announce universal ban on Bitcoin, it still do near-nothing to stop adoption, strengthening and increase of Bitcoin. |
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LOL HAHAHAHAHA There is only ONE, real BITCOIN. And its actual real supply max is far below 21m coins. LOL. please educate yourself. Altcoins = Scamcoins = forks = failures "Bitcoin Classic" failure "Bitcoin XT" failure "Bitcoin Unlimited" failure "Bitcoin Cash" failure "Bitcoin Segwit2x" (BTC1) failure A non-decentralized "Blockchain" is a private database....Private databases has virtually no value! BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value! BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time. - XT
- Classic
- Unlimited
- S2X
Who next?
Honestly, it's a bit disappointing that none of these actually got to the point of a miner-backed attack, since they would've lost, and that would've once-and-for-all put an end to the "miners control Bitcoin" narrative. Oh well.
A lot of companies showed their true colors here. Some stuck their necks out in the right direction and deserve recognition. And some were clearly working against Bitcoin, to varying degrees. We should make a comprehensive list at some point.
To everyone who helped fight against S2X in any way: thank you for defending Bitcoin! While I have little doubt that these companies will try something again, I think that the community is progressively getting "immunized" to these attacks, and the attackers need more and more resources to put up the same fight. Hopefully this one will be the last really dangerous one for a while. We must always remain vigilant, however.
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Most of the people who invest in the crypto market are those with stable jobs. Some are students or those without jobs. They just want to earn passive income they will use their money to earn. Invest in coin to make a profit for yourself. There are very few people who live on a daily crypto unless they are miners.
Without stable jobs, before the investment, you wouldn't be able to make those investments. That's right then. People with health and nice positions are also luck in coin asset investments. Miners gonna mine, they do this as a professional job for sure. Exactly. Step 1: Get a real job Step 2: Convert paycheck into bitcoin (ie Bitwage.com) or plop a chunk of savings into buying Bitcoin (ie localbitcoins.com) |
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The failed bitcoin attackers; Roger Ver, Jeff Garzik, Barry Silbert, and the DCG backed entities (Coinbase, Kraken, Bitpay, Coindesk, Blockchain.info, bitcoin.com, etc) will continue to influence attacks on Bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps).
Why do you think the spam started again and increased after announcement of segwit2x (bitcoin-killer) hardfork cancellation?
What's hilarious is the strength of decentralized Bitcoin and its requirement on consensus has destroyed all opposition - every attempt of undermining bitcoin has failed for four plus years since the attacks ramped up in 2013.
The network of individuals, and companies that are actually pro-Bitcoin are far more powerful than even the DCG-group!
People around the world are seeing this and getting a quick education. Kudos to Bitcoin, decentralization, and the truth.
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Its troubling how critical systems & infrastructure like EDGAR appear to be a low funding priority.
One might almost get the impression its deliberately done to weaken critical financial systems and make them vulnerable to attack. It could parallel a movement for bigger blocks in bitcoin which would have a weakening effect on the security of its infrastructure. There could be similar movements in cryptography with intelligence agencies pushing for a weakening of web based SSL/SSH and iphone based encryption. Also with the core weakening of many smartphones and routers which have backdoors built into them for surveillance purposes.
Well the SEC, or any type of oversight/regulatory/government entity (where there may still have increasing American jobs...ones that are left), will simply ramp up on resources to take care of any issues they see fit. So systems infrastructure gaps will be a short-term problem. The larger issues is open doors for surveillance/hacking ; What are methods to trust at hardware and software levels for these large centralized manufacturers that must comply with USA government regulation (surveillance backdoors)? Wifi / network routers? Computing operating systems? With iphone / smartphone communication? A solution would be to secured, decentralized open-source solutions that does not have a point of failure- but they are not here. Anyone have comments? |
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I guess they get a pass then  A sign of integrity on this coin will be acceptance of the longer, high hash powered chain which appears to be the one Suprnova pool has been mining. ...how crooked would it be that fresh off after dev-pre-mining 8,000 blocks, dev reject the longer chain in the market after launch? Seriously, which way is this going? Are devs centralized deciders of this coin? Or is that not the case? A gpu decentralized small block 'bitcoin gold' conceptually isnt a bad idea, but so far, a cursory look under the hood is raising some (more) questions. |
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Wallet showing 8 years needed to synch with net... jesus...
Read a few posts above or click here: Just an important note for everyone else to read in the future - I'm going to throw into question if people can actually fairly run simply a node at time of launch; there may be only certain parties that can really successfully connect to peers. I've tried and failed - used official win10 exe from bitcoin's gold's github, opened port 8338, and even followed raffern's suggestion below of the bat file with the full list of nodes raffern provided, multiple instances of leaving it on for 20min, and no connections "Connecting to peers" for 2-hours, tried multiple workarounds. Current time: 3:11 AM UTC Monday, November 13, 2017 Others (again i question those who say they subsequently got it to work): For anyone stuck syncing their wallet. Create a runme.bat file in the bitcoin gold folder using the following, then save as a .bat file and run
bitcoin-qt.exe -server
addnode=109.192.23.101
addnode=88.99.5.24
(snip)
addnode=143.207.67.209
Wallet - This is a pre-release test build - use at your own risk - do not use for mining or merchant applications
what does this mean? I thought the official bitcoin gold client was all we needed? I tried checking out version 0.15 instead of master from the github source, and that took the pre-relase message away. However I'm still not syncing any blocks (ubuntu 14.04) I have downloaded the official Bitcoin Gold Core Client, and it is running fine... and I am just not able to connect to anyone in the network. Any guidance for me? I have port 8338 open... do I have to boostrap to the Bitcoin Core Client?
<EDIT>
OK, I found above the answer. Add a specific IP node via the command:
addnode "78.193.221.106" "add"
Issue resolved, now I am synching with that node, and found a second one (maybe via the same first one?).
I have downloaded the official Bitcoin Gold Core Client, and it is running fine... where you download it? From the offiical website, it just went live: https://bitcoingold.org/downloads/i have donwloaded direct on ghithub .. but i need a node list for add ... where can find node list? This nodes not work!
Not working for me either. Still stuck on 0 connections |
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Just an important note for everyone else to read in the future - I'm going to throw into question if people can actually fairly run simply a node at time of launch; there may be only certain parties that can really successfully connect to peers. I've tried and failed - used official win10 exe from bitcoin's gold's github, opened port 8338, and even followed raffern's suggestion below of the bat file with the full list of nodes raffern provided, multiple instances of leaving it on for 20min, and no connections "Connecting to peers" for 2-hours, tried multiple workarounds. Current time: 3:11 AM UTC Monday, November 13, 2017 Others (again i question those who say they subsequently got it to work): For anyone stuck syncing their wallet. Create a runme.bat file in the bitcoin gold folder using the following, then save as a .bat file and run
bitcoin-qt.exe -server
addnode=109.192.23.101
addnode=88.99.5.24
(snip)
addnode=143.207.67.209
Wallet - This is a pre-release test build - use at your own risk - do not use for mining or merchant applications
what does this mean? I thought the official bitcoin gold client was all we needed? I tried checking out version 0.15 instead of master from the github source, and that took the pre-relase message away. However I'm still not syncing any blocks (ubuntu 14.04) I have downloaded the official Bitcoin Gold Core Client, and it is running fine... and I am just not able to connect to anyone in the network. Any guidance for me? I have port 8338 open... do I have to boostrap to the Bitcoin Core Client?
<EDIT>
OK, I found above the answer. Add a specific IP node via the command:
addnode "78.193.221.106" "add"
Issue resolved, now I am synching with that node, and found a second one (maybe via the same first one?).
I have downloaded the official Bitcoin Gold Core Client, and it is running fine... where you download it? From the offiical website, it just went live: https://bitcoingold.org/downloads/i have donwloaded direct on ghithub .. but i need a node list for add ... where can find node list? This nodes not work!
Not working for me either. Still stuck on 0 connections |
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Anybody can fork bitcoin at any time as the code is opensource.
If you want a fork like bitcoin cash or the upcoming one, you need community and miner support, else the coin will simply left to die.
Market forces....beautiful. |
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LOL
poor Digital Currency Group
poor Barry Silbert
poor Jeff Garzik
poor Coinbase
poor Bitpay
S2x BTC1 is dead before arrival.
RIP
LOL, even add blockchain.info wallet to this group - i didn't even know they were DCG-controlled! Haha, how sad for them. |
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Good explanation mate. I might take a page or two out of your book!
Sure, make sure to credit the original source. |
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Peter Thiel – PayPal co-founder and billionaire venture capitalist, for a long time now has been a backer of the virtual currency Bitcoin. Thiel did again indicate out the ‘real potential’ of BTC at the Investment Initiative in Riyadh, Saudi Arabia, pointing out that people are truly underestimating it.
Peter Thiel has long been one of the early proponents of Bitcoin. As early as 2013, he stated that Bitcoin has the potential to change the world. As one of the co-founders of PayPal, he recognized the ability of Bitcoin to revolutionize the monetary space. He had long held the view that monetary sovereignty’s time is limited and encrypted money would be the future. Earlier Peter Thiel did comment on how Bitcoin unlike PayPal, was really able to create a currency.
Bitcoin BTC could very well be the virtual gold of our time and replace it as a reserve currency – according to Peter Thiel. Many ‘similarities’ were compared between the two by Thiel like it is mineable and its limited supply.
“It’s like a reserve form of money, it’s like gold and it’s just a store of value. If Bitcoin ends up being the cyber equivalent of gold, it has a great potential left.”
On the other hand, Peter did not really have any enthusiastic feel about the other virtual assets and altcoins which could be discouraging for altcoin followers which have put their hopes for most part of the year on them.
While Peter Thiel is pretty bullish on the potential of Bitcoin, in Riyadh, a certain Saudi prince has a different view. Prince Alwaleed bin Talal, the richest Arab in the world, believes that Bitcoin will implode like Enron. While Bitcoin trading is allowed in Saudi Arabia, the Saudi Arabian Monetary Authority has warned people about the risks of investing in Bitcoin. The Middle East is a region teeming with billionaires and if Peter Thiel has managed to convince a few people to invest their oil-dollars in Bitcoin, the price of Bitcoin could receive a boost. http://ethereumworldnews.com/gold-yesterday-comes-bitcoin-reserve-currency/Tired of "is bitcoin is a bubble"? Now you can enjoy the wonders of "is bitcoin a reserve currency"? On a serious note, it is possible bitcoin could eventually become a reserve currency to replace gold. This paradigm could represent the natural evolution of cryptocoins with limited supply if it is established that limited supply and algorithmic based regulation are best methods to promote stability and long term value. Would be interested to know public opinion on this. Would people feel safer having bitcoin as a reserve currency than they would having fiat like the dollar or euro as reserve? Another label to argue over! Haha, I share your facetious take on this. I think a legitimate hindrance to trusting Bitcoin as a reserve currency is the arbitrariness with which it currently operates. We are about to have our third hardfork in very recent memory where some group of people who think they have the answer to bitcoin's problems will be splitting off and attempting to claim the mantle Bitcoin has built. That type of instability and uncertainty about the future makes it impossible for Bitcoin to become a reserve currency. Bitcoin has always obliterated scammy competition attempting forks....doesn't sound like that is changing anytime soon. Or do you not believe in market forces? Perhaps you would rather have your bank appoint some central group of people to oversee an organization that'll decide what assets or what companies survives and what fails? |
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Bitcoin: A Hedge Against The $152 Trillion Ponzi Debt Bubble Article: https://cryptohustle.com/bitcoin-a-hedge-against-the-152-trillion-ponzi-debt-bubbleGlobal fiat issuance of currencies in the form of banknotes as well as credit has been devaluing the wealth of cash savings, fixed incomes, and paychecks. Excerpt from article: ... "...According to Bill Gross, a billionaire bond manager, Bitcoin has the potential to counter central banks. Many people within the legacy system are critical of negative interest rates and quantitative easing, yet the fundamental problems are rooted at a much deeper level. The entire economic credit structure operates like a convoluted Ponzi scheme, and requires an overhaul from the ground up. The Fractional Reserve Ponzi Scheme The history of banking goes all the way back to goldsmiths who issued out receipts for physical gold stored in their vaults. The gold was kept secure and the receipts were traded as the first paper notes. ..." [continues on] A word is certainly enough for the wise and all the reasons why almost all governments wanted Bitcoin out of the way, can be found in op and when you hear some bank executives and some people in government calling Bitcoin names, you now know that it's their conscience pricking them or simply scared of people are coming to know they've been in bondage all the while. Bitcoin is freedom in every ramification and the most interesting part is that its decentralized nature is a technical knock out to the authorities, who ordinarily would have nailed its coffin long ago. Yah exactly, Bitcoin has no central point of failure - it is unstoppable. Even if the governments of India, USA, Russia, China and even big companies Apple, Amazon, all came together came out to make bitcoin illegal and said "do not use" it would do nothing and Bitcoin would continue its progress and adoption |
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I am from Bangladesh. In my country bitcoin is not known.I don't when in our country people will known bitcoin I just want that there is a project on bitcoin with our people. Our people are so much neglected in our country. When will it happen.
Maybe because there's lack of connection, people can't access information freely and as a result, they don't know that something like bitcoin exists. You just need to wait until the internet have entirely covered there and I'm sure at the same time, bitcoin already becoming even more popular. By that, the bitcoin users in your country will increase. pathapoddo, can you get involved with educating and spreading informative factual knowledge there in Bangladesh re: Bitcoin? If so, do it! |
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I adopted bitcoin because of its excellent technology. Privacy, decentralized, and not easily traced and easy to transact between countries make me fall in love with Bitcoin.
Sending a little or even all of your Bitcoin to another country in minutes and be done - is HUGE! Borderless. Be careful of your statements - everything is on the ledger for everyone to see forever and can be tracked. |
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Bitcoin has withstood many numerous forks and have outlasted, outclassed, and outnumbered any of these competing altcoins. I'll bet it'll be same story for future forks.
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What will work for other asssets won't work for Bitcoin. It has been debated on more often now as Bitcoin's proce is above 7000$ and many people now are curious if Bitcoin is now overpriced. The problem is thatwe don't know how to compute Bitcoin's fair value even the Big Investors cannot throw a number onto it. The Buyer's confidence is getting weaker and weaker everytime Bitcoin's price goes up higher.
When will central banks in the world, as an aggregate, stop increasing the supply of fiat-currency/credit in the world? That'll be the answer. |
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Possibly but I guess the one who coordinated is the people who talk about Bitcoin being fraud. They knew China will act hostile on Bitcoin exchanges so they need to stage something that will coordinate with these Chinsese Government. Then probably shorting their trade selling a huge chunk of Bitcoin to buy them again when price dip. Well, i think that is one brilliant strategy to shake weak hands and FUD Bitcoin and buy them when price goes down.
What are you talking about? China was the biggest on the scene to foster and support Bitcoin exchanges - how do you think the bitcoin exchanges got so big there in the first place? What suddenly made them change their tone in the last one year? |
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