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I predict we'll bounce against the $1,000 ceiling a few times and "fall" all the way back down to the $930s then settle back in to the $950-$970 range for a while (but not too long).
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With Bitcoin major mining pools making up more than 5% of the network [per pool] just one owner of a pool is all it takes for the change not to go through.
Almost makes one wonder why the oh-so-prescient core devs/blockstream employees/AXA proxies choose a 95% activation rate. 95% makes it so that the remaining 5% won't split off and make their own "Bitcoin original" coin. |
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About patriarchal vs matriarchal societies, I think it's clear we're transitioning from a male dominated society to a more male/female balanced society. In nature there are successful examples of all types of these hierarchical organizations. Female dominated species aren't less violent in general by the way, but we do see that in the more balanced animal species there tends to be less aggression, more cooperation and the differences between males and females are also smaller. So I'm sorry if you are a testosterone driven male human who feels like only men are uniquely qualified to run our society, but your days are numbered.  As a guy who has lived overseas for the past 5 years or so, I will definitely never go back to American women. They're just not as feminine as the ladies I have interacted with in Europe and Asia. They aren't trying to be men and men aren't trying to be women. The differences are a good thing. |
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I agree JJG. I can't get away from the feeling that something big is coming, and it does look more likely that the breakout will be upwards. I'm fuelled up  maybe that the hacked bitfinex coins started moving? https://www.reddit.com/user/MrChrisJWo-wo-woah! What effect is that likely to have? The kraken has already frozen 0.4 Bitcoins sent to it. I expect Bitcoin.de, Coinbase, and CoinsBank will also freeze. That only leaves LocalBitcoins, BTC-e, Xzzx, and quadrigaCX. Even the obscure exchanges will probably freeze. They won't want to handle those coins. https://www.cryptocoinsnews.com/bitfinexs-hacked-bitcoins-move-5-recovery-bounty-offered/Maybe the hacker shorted Bitcoin then moved the stolen coins to try to cause a crash. Why would they freeze it? Just let them convert to fiat...then ask for KYC information to withdraw the money. |
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Now I also am not advocating anarchy
I am. I don't think people need rulers in order to get along.  |
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Shhh... Don't tell anyone but there are very few differences between fascism and socialism. The names of the people in power and positions of power may be different, but the structure is pretty much the same.
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Elwar,
since you just applied Goodwins law to this thread, in a way that is completely unrelated to wall observing BTC/USD tracking. I will just ask you to do us a favor.
Please, do not never ever breed.
Nazi was brought up before I posted. Just the long spelling of nationalism and socialism. So Hitler just "used" the nationalist socialists...was he the one that fought to centralize power? I find it interesting that socialists are shocked when they do all of this centralizing of power then they are so shocked (shocked!) that someone who is not to their liking gets hold of that power and isn't the saint that they created the position for. Nothing like that is playing out right now though. |
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LePen hates Bitcoin. Her Party is a mixture of radical nationalism and socialism.
Nationalist Socialists...the last time they rose to power nothing but sunshine and lolipops spread across the world.  |
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I did see an article that said that with the Chinese exchanges adding transaction fees it should cut down on volatility. Yes, because low volume is great for volatility.  |
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The rest of the world seeing that the Chinese exchanges were fake volume will either now realize that the jump in price was not due to Chinese rushing to get their money out of China or they will spin it as the Chinese government has cracked down on Chinese Bitcoin purchases and they are now moving their money in other ways.
My confidence in the media points to them choosing the latter.
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Fiat is not fungible.
As long as money laundering laws make one stack of cash more valuable than another stack of cash it is not fungible.
Also: Bitcoin is money.
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PS. Signature campaigns are the worst way to make bitcoins.
I'm earning a decent amount of bitcoin from my current Signature Campaign without sweating a sweat! I only need to be online for atleast 30 minutes for this. What made you say that signature campaigns are the worst way to earn bitcoin? Isn't promoting something is already a good skill? It is what I called Advertising Skill! That's 30 minutes a day you could have actually learned SEO or other types of advertising skills that could make you many bitcoins. Instead you waste that time and everyone else's time with useless posts. |
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Watching on TV it seemed that many people left when it started raining.
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I'm surprised the Bitcoin price didn't skyrocket when Trump basically told the rest of the world "Fuck You".
Or maybe it did skyrocket in other country's currencies and the dollar just became stronger?
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He has been a lot of talk and no specifics or sneak peeks. I wouldn't doubt if some excuse comes along where he never releases it. |
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Someday some genius somewhere will find a practical use application for the masses, where Bitcoin blockchain is the bases. If and when that happens then the sky will be the limit on BTC value. We just haven't got there yet, but I surely believe its coming and maybe this year. So hodl on to your coins! In the meantime I think we see the same as we have over the last month or so. Kinda ho hum up and downs with occasional spikes. There just is nothing innovative happening to cause a higher price value for BTC, or at least that I'm aware of. It still belongs to the traders and speculators for now. (and the Chinese) In 2 days MegaUpload 2.0 will be released. It is built on Bitcoin. |
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Looks like the initial exponential run up was stifled but we were given a reprieve by dipping so low to $750. If we can hit $1500 by Feb. 12 we're off to the races again.
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Man, if we go 10x from here..... there are going to be some happy & retired relaxed people
If we go up 10x quickly most people will jump ship at 2x, 3x, etc. expecting to crash back down. A long gradual climb to 10x will take a long time. Personally, I would rather the price rise so high that I can retire with my bitcoins. Instead of the price shooting up quickly and retiring by selling my bitcoins. |
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Would be great if those that want to do block size discussion would make a note at the beginning of their post like:
Block Size Discussion:
That would help a lot in skipping posts easier. Thanks.
Or...discuss it in a separate thread...like in an appropriate subforum...
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For long term investors, the spike above $1000 wasn't earned properly.
You shouldn't get too excited about a short term spike, because it'll never hold. Get excited when we drift over $1000 and it becomes the new firm support. May take most of the year to get there, but we'll get there.
I think those that have been around knew that it was a speculative bubble. We all knew that it would go up and crash back down once that speculation ended. We all had our hands on the trigger hoping we'd catch the top. But it fizzled before it started. I had planned on selling half at $3k if it followed past bubbles. With the full expectation that it would crash back down to $1k where I would buy back in. But if we gradually climbed to $3k over a couple of years, I would not be selling. I agree, solid $1k by the end of 2017 though. I do believe, however, that the ETF getting approved will come with a firm move upwards that will stay up due to expanding into a market with much more money than what we have been exposed to so far. |
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