Yeah im sure this has been commented before today. Huge news, even tho they insist on the "blockchain technology" discourse if you read the actual article. Cool looking cover, but the article commits the same mistake of all the other guys on mainstream media did. I guess it's how they cope with the fact Bitcoin is about to disrupt the entire industry, so they want to stick with the blockchain tech thing.

Unfortunately a compromise needs to be meet between wanting to go all on-chain and wanting to stay decentralized.

If you want to have all on chain decentralization of nodes is lost. This is the least wanted possibility. Therefore, we must do all things possible to not end up like that.

I want Bitcoin to scale to global level payments, and it seems something like LN is the most realistic possibility.

I think its very clear right now that LTC will always follow, with other nice coins like Monero which always have very good liquidity. If you want to speculate with altcoin price movements moved by BTC allowing for those coins to follow, I would always gamble within the markets that have the most liquidity.

Last Active:    October 28, 2015, 08:38:54 AM


OP will only come back during a correction to tell us how he was right, even if he was wrong by 20+ dollars. If it keeps climbing he will never come back. This is what false prophets look like, remember never trust them and just hold. Selling BTC is losing BTC at the long term anyway, that's how you know you are always winning.

We'll, we are coming from 250, we've just 321 on Bitfinex, it can be done. And once it triggers the panic buyers, it will be really easy. Don't trust all those orders, they can change in seconds. The market is psychological, and everyone fears not having good seats when the Bitcoin train starts leaving the 3 figure station for life.

The latest resistance as a ceiling was 317.19 in Bitstamp, which has been broken effortlessly with the new 321 limit. Therefore, that big psychological barrier has been broken. For the first time in month we've reached a higher price. Now the doors are open toward higher floors. But of course the panic selling guys will dump a bit every 4 or 5 hours.

Wrong. Bitcoin is Gold 2.0. It will be the "to go" place when goverment issued currencies fail. Goverment issued currencies will never be open source and decentralized. All altcoins are shit. Only projects like Maidsafe and Ethereum are worth anyone's time. Monero is good too until Bitcoin doesn't reach higher levels of anonimity. Other than that.. nope, nothing on the horizon. All of the cool stuff is on Bitcoin. The dollar will fall just like all fiats have fallen before, because they are based upon human decision and not math.

Seems like a waste of time and money. Might as well bet it all on Bitcoin. It's insanely cheap right now compared to the total growth for potential and has more possibilities of changing the world than a country with an endless list of problems such as Venezuela where they will put you on jail if you disagree with the dictator in charge.

Wrong I think. Cash is still way better than Bitcoin for anonymity if you are going to pay in real life. What would a prostitute benefit from if it got recorded in a public ledger?

Until we have real anonymity accessible by normal people, I think cash will reign supreme for such services.

Every publicity is good publicity. Remember that in the early days of the internet, all we had was a bunch of people telling us how it was evil, the idea of people communicating worldwide and without any censorship. Everything that threatens privacy is seen as "evil" but eventually the mainstream catches up.

Obvious that the gov is invested heavy in Bitcoin, they are just keeping it secret. DO you really think that chinese people are special and happened to get on the mining game that strong? cmon get real, it's a big part of a goverment program, those big ass mines are state funded im sure.

Price is holding strong. Someone just took another dump and it's recovering again. Seems like this uptrend is pretty solid. I wouldn't be surprised if we see 330 before November. I will keep monitoring Bitcoinwisdom while I hold.

I think it will be possible in the future to share parts of your harddrive and get paid, without necessarily having to share anything, just free space. For example the Maidsafe project is based around this concept. I cant wait until it goes live so I can start putting my big TB hard drives to use because I don't know what to do with so much free space

If it is the real deal, it would honestly not be good for a long term investor like myself. I've been loving the past 6+ or so months of stability on this low price. Every month that I looked back I said to myself "wow, I can't believe im able to buy at least 1 BTC each month" was such good news. If the price starts ending, I will not be able to buy 1 BTC anymore, and im more interested in racking up BTC than making dollars. I want to have as much BTC as possible before the sheep wake up and start realizing the true value of Bitcoin.

It's actually funny because people that daytrade live mostly at night. All of the friends I know that do a decent amount of trading are coffee addicts an wake up really late and stay awake at night monitoring markets. Your sleeping schedule gets wrecked if you put a lot of time into it, so trading in terms of "people is sleeping in X place" seems moot to me.

It's a possibility, but how many times can you be right? You will eventually be wrong and you'll find yourself outside the market. This is why I might as well hold it all the way up, including the ups and dows across the path.

You are saying that you might sell before the halving to benefit from pre-halving hype if it happens. Or you might sell during the halving hype if it happens during... well, the question here is, when are you going to re-enter the market? what is a good correction to re-invest and how do we even know this if we don't even know where teh ceiling could be on a "Great Bitcoin Bubble 2.0" scenario?

There are huge risks involved in here. You may leave the market counting your profits, but you may be caugh in a huge buying hype that pushes the price to something like 4K a coin. Let's not forget that it takes a minuscule amount of fiat to sky rocket a marketcap of only 4 billion dollars.

Agreement on prices is a joke. That's how you get shit collapsing. The only true worth is pure supply and demand as delivered by a free market. That's why Bitcoin is unique, it doesn't get as free as it. I would rather deal with a bigger volatile price than a artificially fixed price that has a nice round number. You end up paying for it.

Some theories include that the total coins wasn't even real, as if they speculate that the total amount wasn't real or something along the lines.
I think that all of the stuff that the FBI got, is already or near being totally auctioned, so after they get rid of that there will be no more big sellouts of coins (unless a big whale decides to jump for some reason).

As for tracking them, I have no idea.. but the blockchain is public and is there for the law enforcers to investigate, but if the mixed the coins, then it gets really hard. But apparently they managed to trace the coins from the guy that ran Silk Road. Here is a nice read on the MTGOX incident:

http://blog.wizsec.jp/2015/04/the-missing-mtgox-bitcoins.html

The stopping of technology because of gov agendas is always sad to see. I can see how they will stop automation of a lot of jobs because it threatens unemployment. We should be happy that technology can replace a lot of dangerous/boring jobs, but of course this creates problems within the system, that's why I think a lot of things will change in near future and money is one of them.