And of course if both chains continue to co-exist then the value of each bitcoin (XT and Core) will remain the same as before the split  ...Keep dreaming buddy.... |
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So nobody jumping into Bitcoin from the recent global stock market crash? But everyone sells because some guy on the internet releases a different version of the bitcoin client? & Litecoin is not rallying before the halving in 2 days?  Understanding this market is hopeless. 1)stock market crash is deflationary/risk off , bitcoin is high-risk, so my reading is a stock market crash is bad for bitcoin until it gets so bad that people either start fearing counterparty risk, or believe a new QE round is guaranteed. 2)"some guy" is showing a serious divide in the community 3) litecoin halving has been hyped for months now |
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Holy fuck, what a way to wake up!
Grumbles Grumbles stupid need for sleep !!
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Less than 24 hours until Bitcoin starts to rise again. Target 500-700.
My guess would be we consolidate for another week before doing that. |
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This document is fresh from the press, it's not yet availible in english för som odd reason, but if you can read any of the other 17 langugeses that it comes in it is very interesting. In short, one of the Swedish high courts has asked the European court for advice on where Europe stands on taxing the exchange of bitcoin to fiat and vice vesa. This in turn because a Swedish citizen appealed a decision from the Swedish tax authorties on paying tax for the exchange of bitcoins he is doing in his company. The european advocat general Juliane Kokott suggests as a verdict that bitcoin should be regarded as a currency and not be taxed. The court usually go with the advocat generals suggestions. http://curia.europa.eu/juris/document/document.jsf?doclang=DE&text=&pageIndex=0&part=1&mode=DOC&docid=165919&occ=first&dir=&cid=388883good news ! |
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ARE YOU NOT ENTERTAINED ?!?!? 
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Can I talk about Litecoin here or will I get censored again? Does anyone know if this coin is EVER coming down again? How does a trader even gauge risk in this kind of situation? I just want to break even after my losses from bitcoin... i'd be nice to actually make a buck trading.. never had that experience... I've never seen money fly around like this. Kinda makes me sick actually. Best way to make money trading is to buy into a speculative altcoin after it has multiplied several times and has gone parabolic, with daily increases >20%, when everybody is talking about it. Also make sure to borrow lots of money and use a lot of leverage, to get even bigger profits (don't think about potential losses, dream about that expensive car you want). Everybody else is making mad profits, don't miss out ! Greed is good! Buy Now! At any Price, Profit is guaranteed! Buy Buy ! ...... --> For the braindead amongst us, that was sarcasm. This is how your greedy emotions get played and you lose lots of money. That being said, the amount of shorters on bitfinex is still quite high, so we could see a nasty squeeze before the pump bubble pops. |
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When LTC et al. start losing 30-50% in a day, people will lose it all and regret playing altcoins with no bid depth. Its a double Edge sword ..
This rise won't stop in the near future. The pump comes from China, and they aren't interested in working under western control. The western side has large majority control over existing bitcoins and the locations of mining farms. If Chinese won't pump bitcoin, then the miners will just slowly eat away value from the market and the currency will shrivel. Several practical alts will probably get aggressive takeovers and will be funded properly to provide better alternatives to bitcoin. That at least would be my game theory of this situation. Yeah, great analysis, everybody knows China has almost no bitcoin mining farms ... Please rationalize your pump some more. |
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People are making money with altcoins, while you're just sitting here with your bags full of bitcoins, praying for a 2% rise.
Slow people will always be slow. They were slow to discover bitcoin and they're too slow to jump ship when needed. I personally don't recommend financial speculation to people who are slow. There are more suitable ways for slow people to make money.
Looking for bagholders to unload? |
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Well, well, well... look at this. Seems like this old crypto horse isn't entirely worn out yet.  Doesn't this include the recent spam attacks/stress tests? |
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I don't think you are honest about your basic motives regarding bitcoin. I'm a 44 year old nuclear physics-guy.
Is there some sort of causality I'm missing here? Jorge has successfully identified enough BTC scams over the years to warrant respect. Sadly, there will continue to be scammers as long as BTC attracts happy-clappy noob idiots who think they are financial geniuses. I disagree with Jorge on most things wrt bitcoin, but he has more sensible stuff to say than the average poster. I am glad he is on the forum, despite his pessimistics BTC view. |
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"It has accurately predicted 200 of the last 2 recessions."
Good one.
It is 4 articles based on false visual comparison of nonrelated graphs with inconstent axes, 5 gold bug articles, and 1 good austrian economics article out of 10. Bitcoiners not welcome.
Edit: But I read it every day. They draw in relevant news.
Exactly. Either the quality of the articles has gone down considerably the past few years, or I used to be an idiot to give them as much credit as I did (perhaps because I was very new to economics). |
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Retard question: Is it reasonable to assume that the LTC is being bought to help distribute the pump then or are these things totally unrelated?
I think people buying LTC buy it to make a profit. Either they expect BTC to rise significantly, and LTC to rise even more (EDIT: because LTC tends to be an exaggerated version of BTC), or they think they are frontrunning the reward halving. |
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It is really possible to arb BTC with LTC? Or with XMR?. Since they are based in BTC seems like a flawed logic...
They are not 'based in BTC'. LTC or XMR or any other cryptocurrency can be used to quickly get funds from 1 exchange to another. As long as the LTC/BTC or XMR/BTC pair remains the same at 2 exchanges, while there is a difference in the USD/BTC exchange rates, you can use it to arb. Thing is that the LTC/BTC pairs have less liquidity, and will probably quickly become the same or similar at the various exchanges. (I don't have any experience doing this, just based on theory) I'm not sure if whoever's hoarding LTC is trying to make money on the arb or just trying to manage the BTC pump. hoarding is very different from arbing. Arbing (arbing BTC prices and using LTC as a money transfer between exchanges) would't move up the price of LTC (only very slightly), as it would get sold again on the other exchange after a few minutes. |
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It is really possible to arb BTC with LTC? Or with XMR?. Since they are based in BTC seems like a flawed logic...
They are not 'based in BTC'. LTC or XMR or any other cryptocurrency can be used to quickly get funds from 1 exchange to another. As long as the LTC/BTC or XMR/BTC pair remains the same at 2 exchanges, while there is a difference in the USD/BTC exchange rates, you can use it to arb. Thing is that the LTC/BTC pairs have less liquidity, and will probably quickly become the same or similar at the various exchanges. (I don't have any experience doing this, just based on theory) |
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Such mini-parabole. Much Wow!
To clarify: I think the price moved up relatively fast right now, but on the other hand, in the big picture it is a very minor upmove, and there seems to be some sceptism (which is natural after a prolonged bear market). I don't expect a big crash, likely some consolidation or perhaps a bigger runup with a larger correction. (EDIT: all predictions for the short-term, on the medium term, I would expect further stabilization or a minor upmove)
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Max Keiser is a Pump-and-Dumping scammer. In my book he deserves zero respect, even if he gets it right once in a while (which he will of course loudly publicize, in order to build enough credit to initiate his next P&D). |
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ECHO ECHO ECHO ECHO ECHO ......
Seriously, is this thread being monitored anymore?
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I don't know enough about the block size limits really but is increasing it just kicking the can down the road. Can we just keep doing that? A bit like how USA used to keep increasing the debt ceiling
Increasing block size limits is not solution. It is "brute force" ... we are only buying time. 1B people will require 4 GB block size limit. Maybe 'buying some time' is quite crucial for coming up with and developing the necessary solutions, and it's not 'kicking the can down the road' knowing the issue will never be properly addressed. Although I don't fully understand the lightning network and its risks/tradeoffs, the presentation slides suggest 133MB blocks would be sufficient for unlimited transactions for 7 billion users. That would be freaking awesome, and solve the scaling problem imho (but again, I don't understand it deeply enough). EDIT: Inca beat me to it  . |
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An update from a Finex employee would be appreciated. Thanks
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