...snip...
We're talking about 1 year of testing (up to today), 4-5 Months on a special testnet, and 7-8 Months on the Bitcoin testnet. That's as close as it gets to having it live on the main chain.
...snip...
Deploying Segwit on a live altcoin network would be MUCH closer to having it on the main chain. Testnet coins have 0 value. Until there is value at risk, there is no reason other than ego to search for a flaw. It is utterly irresponsible to put a 18 billion dollar network at risk when the value of the networks it has been tested on stands at exactly $0. |
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WTF is wrong with bitstamp?
China wants fomo but rest of western exchanges are not dooing much.
People are sleeping? Seeing as it is 1pm in China I am going with 'no' Bitstamp is not in China. |
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WTF is wrong with bitstamp?
China wants fomo but rest of western exchanges are not dooing much.
People are sleeping? |
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Most people who book profit too early in a bubble end up being tempted to buy back in as they watch incredulously at a seemingly impossible rise. Even the great Newton wasn't immune to this.
There must have been people who sold at $140 at the start of the 2013 rally because the price had quickly doubled up from $70. Afterwards the best chance of buying back in they would get is at about $200 over a year later. I don't want to talk about how many I sold at $3 because the price had tripled. I was going to be making huge profits on my GPU mining at $1, so there was no way $3 was sustainable.  |
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It's nice to see how this tiny (so far) period of consolidation is shaping up.
Bearstamp is forming a nice pennant centered around approximately $1110, preparing for the next leg up.
Finex bounces up and down a little but with a slight upward bias.
Meanwhile Huobi doesn't give a shit and keeps surging upward, creating a series of new ATHs. Still no correction at Huobi.
All signs point to continuing sustained growth, no bubbles yet.
There's corrections... you just have to watch the 1 minute charts  . |
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I am surprised and puzzled to see this high price too. I have no clue on how to make a decision if I should hold or sell the btc I have.But how are you guys not selling, isn't this the perfect price?
I'm selling... but only the bitcoins I buy for quick trades. I've been pretty conservative and only made a few trades because I've been busy with the holidays, but my account is up 25% in BTC terms this month. I don't have the balls to trade with more than a small percentage of my hodlings though. |
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01000010 01110101 01111001 00100000 01101001 01101110 00100000 01110100 01101000 01100101 00100000 01101110 01100101 01111000 01110100 00100000 00110111 00100000 01101000 01101111 01110101 01110010 01110011 00101110 00100000 00110001 00110000 01110000 00100000 01000101 01010011 01010100 00100000 01010010 01101111 01100011 01101011 01100101 01110100 00100000 01001100 01100001 01110101 01101110 01100011 01101000
 Fueling in progress  . |
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That's great news, that MS is acknowledging BTC. Don't jump to the conclusion that Microsoft itself is accepting BTC, it just means that Excel numerical formats now include BTC. Not directed at you, Torque, but subsequent posters may have been leaning that way. 2. Bitcoin currency support In 2017, Excel will be able to recognize, format, calculate, and analyze numbers expressed in Bitcoin currency. The new feature will be available for Excel running under Windows 10, Android, Mac OS, and iOS, and will include Excel Mobile versions as well.. Microsoft has been accepting Bitcoin for literally years. https://commerce.microsoft.com/PaymentHub/Help/Right?helppagename=CSV_BitcoinHowTo.htm |
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and indeed, we predicted the breakout above 800$
Do we get the next prediction? Only if you pay up |
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omfg, no one can predict what will happen tomorrow. stop creating thread like this.
I predict someone will create a thread tomorrow where people discuss what will happen the following day.... nobody knows for certain, but sometimes you can have a pretty good idea how things will unfold. |
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What makes you think it will drop?
Because what goes up will come down. For every action there is an opposite and equal reaction, see you around $700 fairly soon, an exchange will be hacked in 3.2.1 The previous ATH was the only bitcoin bubble to fall below the previous ATH value before it started. The opposite reaction here is money moving out of savings accounts, bonds, commodities, and stocks. It doesn't take much. |
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If sell at the bottom of every correction and then rebuy as a new high is made and you are still way up on your trades, you might be in a bitcoin rally
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when Bitcoin crushed the gold price.
The only sensible way to compare BTC price and XAU price is by market cap. At today's gold price, that would be about a half-million federal reserve notes per BTC. Somehow, I don't think this is what you meant. But equating the unit price of completely arbitrary quantities of two radically different instruments is meaningless.... Except psychologically.FTFY |
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Huobi is almost @ $1000. This is a psychological barrier for a lot of people and I wonder if it will crash down to 900s back fast or if it will still go up.
Price is up over $950 at most exchanges. Looks like the breakout over $930 is finally happening. It is only a matter of time before $1000 is crossed across exchanges. We're already at a new ATH in price in all currencies but USD. It will come. |
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I need a good drop in price just long enough for me to buy some more. I should have held more and not sold so much at 900.
I'm sorry for your loss. |
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I can picture all those who held coins from the epic pump of 2013 waiting for ROI. Fingers resting on triggers.
Can you, because I can't? How many of these strange and incredible people who defy normal human psychology do you envisage? Counting today, 5 of the top 20 days in bitcoin history for BTCUSD price have been the past 5 days. Only 8 days have been higher than current prices. It doesn't seem like there would be a large group of people who bought on those 8 days and decided to wait 3 years to see if bitcoin could recover. |
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Marketcap is too big now to crash teh market, you can try to swing the price here and there but the overall situation is we have a 15 billion dollar marketcap right now, for an entity to move the price and crash it would need tons of money to blast. I can see rich attackers trying to crush the price and even successfully getting some dips here and there, but it's impossible to crush the price, and the higher we go the harder it will be.
Actually, if you already have the bitcoin the higher we go the easier it would be to dump the price. It becomes harder in fiat terms, but easier for a fixed amount of bitcoin. |
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"You've got to know when to hold 'em, know when to fold 'em,"
All I know is bitcoin experiences great pumps and spectacular dumps. I would be surprised if this was not the case this time.
I can picture all those who held coins from the epic pump of 2013 waiting for ROI. Fingers resting on triggers.
All it takes is for some of the big boys to pull triggers and all hell breaks loose.
Sorry to put a damper on the Holiday joy but we need to be realistic. We are on thin ice.
Hope I'm wrong and bitcoin keeps surging ahead.
Hey look, I hit quote and didn't delete the 6 line breaks after your text. |
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What makes you think that it will drop right after hitting 1000$, it can get up more, it is not impossible. But when it drops, it wont go lower than about 800$, it is the floor, mazbe even higher, who knows? It is not really pumping really fast (at least not super fast), so it wont drop drastcally.
It's normal to see the price drop after reaching a new high or special target point. It's safe to say that reaching $1000 fits nicely in that category. If there aren't any more hacked exchanges, or worthless fud articles that people take for granted so easily, then the drop will be temporarily and not that intense. In that view, falling below the $800 point would be seen as the price being oversold. Everything above $900 seems fair. At what point in the history of bitcoin has it made a new ATH and then fallen back below it before going up further. I can remember some short lived testing of support, but I don't recall it ever falling back below until after it cleared much higher levels. |
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