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last leg surely (for now)
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I wager that we're going sub $2k soon. Question is, are we going to bounce off $2k for a while or plough right through it first go?
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Bottom in at $2030. Anyone managed to buy? Can't get enough of the success stories.
Bought then jumped off the train again (tiny profit each time) a couple of times. Waiting for sub $2k now All this prolonged uncertainty is wonderfully convenient for big money to finally get their buying opportunity. |
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If you think that, then you have absolutely no idea what you're talking about and you're being bamboozled. Roger Ver has absolutely zero credibility when it comes to technicalities, and CW is a scammer. Both have fundamental misunderstanding of SegWit and scaling in general. What their actual agenda is, besides centralization/corporate takeover, is debatable. I guess it's down to a choice between two compromises.
It's a choice between an actual improvement and one that does nothing besides give a little throughput and centralization. edit: the only way to avoid a split that I can think of is to accept Segwit2x for now, then get consensus for much bigger block size over the next year...
Again, you have no idea what you're talking about. Segwit2x, aka FrankenSegwit, with their ever changing proposal wants to do a flag day fork in November this year.
Well, I hope you're right. I did get the impression that Ver was rather emotional, and clinging a bit to a sentimental perception of what he thought Bitcoin was. I got this impression generally, then more concretely when he kept on saying that Bitcoin isn't broken and doesn't need fixing. I do have at least a modicum of knowledge (your accusation that I have "absolutely no idea" was a tad OTT to my mind), as I know that Segwit fixes things that indeed needing fixing, such as the necessary malleability fixes. I guess what resonated with me was what Ver was saying about the small block size and Bitcoin transaction fee issue. I understand that spammign the network is a major difficulty, but I really haven't managed to uncover in my web searches, any further reason for why many of the developers allegedly don't want a block size increase. Is that the case? |
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I followed that link, then listened to https://soundcloud.com/heryptohow/roger-ver-on-craig-wrights-the-future-of-bitcoin-speech. I must say that he has a fair point regarding scaling. I would agree with him, but I certainly don't like the prospect of less decentralisation due to more expensive node tech. I guess it's down to a choice between two compromises. Either way, I really think bitcoin is going to split much like Ethereum did. edit: the only way to avoid a split that I can think of is to accept Segwit2x for now, then get consensus for much bigger block size over the next year... Problem with Segwit2x is that they are pushing the for block increase soon after Segwit activation. If everything goes according to the plan, the August 1 split will only result in a minor split with those who won't signal for Segwit no matter what. However, there will be the risk for a more substantial split come mid November when the 2M blocks come into play. That too, yes. But I even a 90/10 or 80/20 split on August 1st will be significant enough to put Bitcoin as a store of value into question. Just watch as Dash, Litecon, Ether etc get heavily hedged. |
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I followed that link, then listened to https://soundcloud.com/heryptohow/roger-ver-on-craig-wrights-the-future-of-bitcoin-speech. I must say that he has a fair point regarding scaling. I would agree with him, but I certainly don't like the prospect of less decentralisation due to more expensive node tech. I guess it's down to a choice between two compromises. Either way, I really think bitcoin is going to split much like Ethereum did. edit: the only way to avoid a split that I can think of is to accept Segwit2x for now, then get consensus for much bigger block size over the next year... |
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 I believe we are about to break up.  http://imgur.com/a/13qZ4we just broke up. No idea what the odds of it being a false breakout might be though |
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 hmm, image link not working. http://imgur.com/a/0AxmO we didn't break out yet. Maybe they didn't sell at the bottom. yet edit! : OK, so epic bull trap |
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epic 2 day bull trap incoming, if history is anything to go by
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Those of you talking about decoupling from alts and Ether, I'm interested to know what this is based on. Thanks
You talkin bout me, Willis? I am merely describing some possible dynamics that are based on speculation, and these kinds of "decoupling" concepts had been frequent talking points in the ETH scene in recent weeks - when many of those ETH pumpers were talking about "flippening" and "decoupling" in such a way that ETH was going to become the new crypto market cap leader. Sure these scenarios could still play out, but we seem to be having some opposite dynamic at the moment in which ETH is crashing harder than BTC, and it seems to be the case that ETH is bring BTC down to some extent.. but yeah, a lot of this is speculation and logic and a description of a tension that seems to exist and even a close question regarding what is happening exactly (and we may not know for sure until several weeks later when we look at these dynamics retrospectively). In other words, none of these are certainties, they are merely descriptions of possible dynamics that could be playing out, and since this is a speculation thread, a lot of this is fair game, especially since we are talking about an evolving and ongoing set of dynamics and attempting to identify what is happening in order to hedge our next moves, whether and what to invest in and when, if at all. Thanks for such a comprehensive response! I was worried that I might be missing a more concrete fundamental. If I am, then at least we all are. Hopefully not I've noticed also that Eth seems to be pulling Btc about a bit. I had been reckoning that liquidity is the major difference between them, hence why the less mature Eth goes up and down farther than Btc. ICO speculation was not the only reason for Eth's rise. A bunch of big corporations jumping on board has fueled it too. This corporate commitment makes me doubtful that Ether would continue to fall once Bitcoin starts to recover. I would hazard that they're not likely to decouple until after mutual recovery from this correction/bubblepop. |
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Those of you talking about decoupling from alts and Ether, I'm interested to know what this is based on. Thanks
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Start of bubble: March, somewhere 900 bucks
But once we go back there investor's disappointment will never recover again, as it did in the Gox aftermath. This will just break Bitcoin's neck.
ETH will have to continue the story, developping the technology further.
ETH went higher on hype and will fall harder - "investor" disappointment there will be greater (and some of us are waiting patiently in the shadows ready to scalp), so expect to find yourself alongside all the other obituary writers during this downturn... yeah, but Eth and Btc seem to be in sych, pulling each other up and down. It really looks to me that even though Eth is dropping faster, the bottom will be the bottom for both of them, then they're likely to rise together too |
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did any of you see whether that Bitstamp wall was eaten or pulled?
edit: definitely pulled. Volume confirms
Oh thx Postings on topic might be reported to mods... Beware  I like taking risks by the way, same tactic seems to be playing out on Poloniex for Eth. Sell wall attracting lots of downstream sell orders that can be bought into. |
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did any of you see whether that Bitstamp wall was eaten or pulled?
edit: definitely pulled. Volume confirms
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Can someone explain Why this aint stopping?
All I can hope is that this is a blood in the streets final dump, which often marks the beginning of at new rise, or at least large bull trap respite |
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unhappy hodler. I hate this freefall shit
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Watch closely. This is how death begins.
feeling magnanimous? |
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hi guys, I'm new to the bitcoin world and I am hoping I haven't missed the train. I sent my deposit to a uk exchange called coinfloor but I was just wondering has anyone else used there services, I sent some funds over on Thursday and still haven't seen a thing come onto my account. I posted on here as I'm worried and am hoping that someone could shed some light on the situation???
I requested to change my Bitcoin withdrawal address over 3 days ago, and still nothing. Pretty terrible considering how well regulated and allegedly professional they're claiming to be |
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A substantial correction/profit-taking? Check.
Profit-taking still quite active. So I see. Looks like the second leg of this correction is happening now. I wonder if it will actually go all the way down to where we were 4 days ago. Do I really have to post a long-term chart just to point out how insignificant this dip is in the greater scheme of things? I think I'll make some coffee before heading out to possibly buy. How low will it go?  Ah, no breaking news being used as an excuse for the profit taking correction then? |
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Is this the cause for today's insane rise? It's awesome news, but I would have expected bigger news to be necessary for such parabolic moon rockets
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