I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.
Make it so.
^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz I just want to be able to run a LN node and make money from my CPU and network connection. Kinda like what was promised by a certain cryptocurrency back in the day. LN is for cops!  ~traceable transactions ..trouble closing out old channels hmm You mean, like every transaction is on a public ledger? LN is as private as the network you choose to join. The market will be able to provide the amount of privacy you need. LN and other offchain schemes help law enforcement trace "bad actors" and identify participants :\ Source? |
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I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.
Make it so.
^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz I just want to be able to run a LN node and make money from my CPU and network connection. Kinda like what was promised by a certain cryptocurrency back in the day. my gut tells you wont be able to run a LN node. this is will be up to places like Stamps, Bitpay, Blockstream, etc to implement hubs. besides the ridiculous programing expertise that will be required to set up hubs ( because "beta software" ) I bet the amount of bandwidth/CPU required to download/verify the nearly infinite number of highly complex BTC TX, will require a datacenter like setup. your only hope for LN is to run a highly confusing UI which will allow you to send and receive money, but you gotta make sure to WATCH YOUR CHANNEL or you'll get fucked by the LN trolls! discimaler: I'm 51% sure my above statements are somewhat inaccurate . The Eclair LN client (currently in alpha on the Testnet) looks as easy to use as early Bitcoin clients. https://www.youtube.com/watch?v=gRzpr_QW_2w |
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I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.
Make it so.
^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz I just want to be able to run a LN node and make money from my CPU and network connection. Kinda like what was promised by a certain cryptocurrency back in the day. LN is for cops! ~traceable transactions ..trouble closing out old channels hmm You mean, like every transaction is on a public ledger? LN is as private as the network you choose to join. The market will be able to provide the amount of privacy you need. |
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I'm starting to notice the beginnings of Facebook censoring content that they do not agree with. While I know this has been going on for a while in niche ways, I have started seeing it myself now.
I would love to switch over to Taringa and actually get paid in bitcoins for posting but their site is all in Spanish and I could not locate an English version.
Are there any Facebook alternatives out there that will most likely take over as Facebook becomes more and more SJWish?
I don't really like Facebook in the first place but where I work they block most websites and I can waste my time on there and have simple communication with all of my family on there.
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I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.
Make it so.
^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz I just want to be able to run a LN node and make money from my CPU and network connection. Kinda like what was promised by a certain cryptocurrency back in the day. |
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I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.
Make it so.
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It is a good publication for bitcoin but some may not accept it or even oppose it, maybe in the long run it may but people are afraid of changes once in a while. It is strange to see Mexico designate it as such s a and Japan viewing it viable fiat which can be used in their banking system while Thailand has straight out banned it from being used at all. Until the day that every country can just accept it for it is then I am afraid bitcoin will never come in being recognized as a true currency that it should be. Do not ever believe it when a news article states that a country has banned Bitcoin. Most people do not verify it because they do not speak the native language. Every time I have checked into one of these "X country just banned Bitcoin!", it is usually the central bank making a statement that they will not allow Bitcoin on their system. It's like saying that Burger King burgers are banned because the CEO of McDonalds releases a statement saying that no Burger King burgers will be sold by McDonalds. Then McDonalds goes on to warn about the risk you are taking by eating a Burger King burger. Sure, some central banks have a tighter hold on their country's government than others but there is never a ban. If you go on localbitcoins you can buy/sell in every country in the world except Germany. And that is only because Germany declared Bitcoin a "private money". But in so doing, they tied all of their regulations to money to Bitcoin which included having a license to run an exchange (and they considered localbitcoins an exchange). Well banned isn't the right word my mistake. But Thailand are arresting people for using it so it is a law. And I didn't see this on the news. It was mentioned on here by another member. So this is were I first heard of it. And I was also in a questionable sense when I heard of this. Fair enough. Most likely anyone arrested was arrested for something else but it was reported to sound like they were arrested for using bitcoins. Bitcoin is alive and well in Thailand. I was in Vietnam where people talk about it being illegal and I was able to use my first Bitcoin ATM right in middle of the city. |
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It is a good publication for bitcoin but some may not accept it or even oppose it, maybe in the long run it may but people are afraid of changes once in a while. It is strange to see Mexico designate it as such s a and Japan viewing it viable fiat which can be used in their banking system while Thailand has straight out banned it from being used at all. Until the day that every country can just accept it for it is then I am afraid bitcoin will never come in being recognized as a true currency that it should be. Do not ever believe it when a news article states that a country has banned Bitcoin. Most people do not verify it because they do not speak the native language. Every time I have checked into one of these "X country just banned Bitcoin!", it is usually the central bank making a statement that they will not allow Bitcoin on their system. It's like saying that Burger King burgers are banned because the CEO of McDonalds releases a statement saying that no Burger King burgers will be sold by McDonalds. Then McDonalds goes on to warn about the risk you are taking by eating a Burger King burger. Sure, some central banks have a tighter hold on their country's government than others but there is never a ban. If you go on localbitcoins you can buy/sell in every country in the world except Germany. And that is only because Germany declared Bitcoin a "private money". But in so doing, they tied all of their regulations to money to Bitcoin which included having a license to run an exchange (and they considered localbitcoins an exchange). |
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On the bubble chart, I would say we are in the "return to mean" phase of our tiny bubble we had. This is encouraging as I think any future "bubbles" (as Bitcoin tends to have) will be less and less severe as to completely phase out altogether.  |
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The reason Litecoin went up because they will likely start trading on Coinbase soon.
The LTC price has been about $4 for about 4 years now with only minor fluctuations now and then. They are probably more stable compared to the dollar than most currencies in the world yet the naysayers would probably make up some other excuse as to why nobody should use it (like how people say Bitcoin can never be used because the price fluctuates too much...yet bitcoin is used much more than litecoin).
*disclaimer: I may or may not have 1k litecoins on a computer somewhere
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My bet we're back in 4 digits in less than 24h
Strange. I never posted that. |
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My bet we're back in 4 digits in less than 24h
I do believe on that too.  Whenever bitcoin makes a return, it seems like it has become more powerful than before. Bitcoin be like:  |
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That is unfortunate. Thank you for the info. I can see the eventuality that we will some day have 95% use of the new Core wallet but even the few stragglers plus the disgruntled will easily be able to keep it under 95% by November. Hopefully LN can work toward code that does not require Segwit even though I know it is much more complicated. |
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Ok, I really hate to ask here since I hate blocksize debate in this thread but this would affect price projections. When Segwit was released, wasn't there a time limit of one year to reach 95% put on it? Or am I quite confused? If not, what is the date? Also, here is an awesome video of a LN client being tested: https://www.youtube.com/watch?v=v68npliVCWwI want to set up a LN node right now! |
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I would say that we experienced a mini-bubble over the past few months and we are now climbing out of the mini despair phase. Back to the mean.  |
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Good AM Bitcoinland.
I see the panic is returning, all the way down close to $1000 again... currently $1027USD at Bitcoinaverage.
If it actually goes down to triple digits, I'll have to think about scraping up some spare cash to buy some more.
Do you play poker with your cards in full view of your oponenent too? Most people who have been around for a while know that this thread has absolutely zero impact on the price. I think some of us thought it did in the early (<$10) days but it is no longer the case. The few whales that frequent this thread are either long term hodlers, or play a hold/loan on bitfinex strategy. You can let fly your trading strategy here all you want. Nobody will change their buys or sells based on any posts in this thread other than the occasional quick turnaround on news dissemination here due to everyone having an interest in the bitcoin price and things that affect it. |
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Even though it is a long way off, I can see the halving of 2020 doing the same thing to the price it did this year. If we don't have any down years between now and then I could easily see $5-10k going into early 2021.
That is why little dips here and there are just more opportunity to buy.
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Wow, about 15 pages added to the thread since I left last night.
Without looking I would guess that they were all filled with blocksize spammers.
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I'm starting to truly believe that about 85% of the blocksize debate spammers here and on reddit are just alt coin shills hoping to spread FUD and get cheap bitcoins.
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