Seems like every time that thing shows up the price goes down.

We'll see corrections all the way up. It's healthy. Early adopters need to distribute their bitcoins to many new users.

$1.25 million buy wall on Stamp.

Such manipulation will likely be followed by a correction.

Back down to $1100 or so for a few days. Get those buy orders ready.

I did. I am enjoying this rise.

I recently found out the contract I am on here in Afghanistan is going away in a month or so. I had originally planned on working out here 2 years and quitting to develop seasteads. I am seriously considering starting a lot earlier.

The last all time high in 2013 I did not see any reason why it would not again reach that price. So I spent those years accumulating as many bitcoins as I could.

I would think the same if it dropped again.

You're right. Deflationary.

Ok, maybe a little lower. With chart.

If you look at the lines from that last two huge drops, the line would be at $1128 as the floor.

Sorry, no charts.

Everyone always talks about how the pizza guy or anyone else from early on is super rich and can buy an island.

But if you notice many times during these run ups, from $1 to $32, $10 to $266, $125 to $1216, $800 to $1220...there are always some huge dumps all at once on the way up.

That's just another early adopter dumping their bitcoins on the market to sell out to the world of fiat. Whoever had 10,000 bitcoins back then have likely sold it. Hell, maybe they sold them all when the price reached $1 and considered it a great investment.

Bitcoin is a depreciating currency. It will always go up.

I like how last month's rise in price, according to the MSM, was "Chinese are moving money out of China through Bitcoin". Just a month later it's because of the ETF. Because a month ago we didn't know about the ETF. Also, Japan and India.

Looks like the attempt to pass the 3 year high on BitStamp of $1139 was a bit too soon as today's run up was already on its final legs by the time it reached $1130.

Though if cup and handle charts work out, it looks like if we pass that price in the next few days we will be seeing a quick spike in the price.

The more mature the Bitcoin currency becomes, the less wild swings we will have.

Not jumping 10X-50X is a good thing.

The longer we go without a decision the more likely the ETF passes. If no decision is made by March 11, then the rule change is automatically approved.

One of the most likely things that people do when faced with a tough decision is to do nothing.

Thanks for the input.

Bitcoin will be around for centuries. I am sure there will be many features added whether it is big blocks, sidechains, sidechains with big blocks, lightning network, quantum network, whichever. It will only grow over time.

I don't usually jump into the block size debate because even though I am a software engineer, I have not been developing Bitcoin so I don't really see it as my place and leave that to those that are actually getting their hands dirty. But hey, at least I am posting in the correct forum for this question.

From what I understand, Bitcoin unlimited is basically an upgrade that allows miners to increase the block size. Segwit is a way of moving a large chunk of the block off of the blockchain.

What is incompatible between these two features and why can they not both be implemented?

Why not BU, Segwit, sidechains and lightning network?

Is it just a power play thing? Or are there technical reasons?


Also, please do not attack me if you see this as an attack on "your side". I know this has become a religious discussion. Please keep it technical.

Using http://www.purse.io you get 15% off of any Amazon purchase. Better than perfect.

There's really no advantage to Amazon accepting bitcoins at this point.