only problem is, no mtgox shenanigans to give us the kind of fireworks we had in 2013:(
You clearly have never visited the OKcasino. |
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Yawn, wake me up below $200 or above $350
Might even get re-awoken this year. Probably not though $320ish top imo. |
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Yawn, wake me up below $200 or above $350
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if hardfork will come, we'll probably use Core with bigblock patch
Amazing how Adam Back, Ph. D., with two months of relentess FUD and personal smears, without any hard arguments or data, has managed to turn the question "1 MB vs. 8 MB" into the holy war "Heroic Blockstream devs vs. CIA agent Mike" in the heads of so many bitcoiners. Oh I'm sorry I must have missed the part where I said anything about the itself and wasn't just laughing about the fact that people have been touting slush pool on the side of xt so it's funny to see them come out and say they wouldn't run it. Besides, If you can't see the difference between xt and just running big block patch on core that's your problem. Then again if you were into bitcoin you'd probably be all for a 2 Dev nsa coin anyway. |
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Everybody, get ready for a massive dump, because I just bought back in. Somehow what I do always makes the price do the opposite of what is good for me.
I thought it was all about me and you're saying it's all about you  anyways I'm ready for the dump  I know the feeling. I was up briefly yesterday and chose to hold just before it crashed. Then when I didn't choose to buy the price went back above what I panic dumped for. I should have taken my meager profits when I could and brought back at 200 but I thought it was going lower instead of bouncing off it. Perhaps I'll take LFC_Bitcoin's advice in the future. The reason btc is the easiest market in the world to trade is because so many people trade it who don't have a clue what they're doing. Experienced traders capatalise on this and are buying when you think its going to dip lower and are selling when you think its moon time. If you don't trade anything else just buy and hold, all you do by flip flopping is give your money to the sharks. But you said it was going down into the 100s and there I wait. Patience We were in the $100 less than 24 hours ago. |
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Everybody, get ready for a massive dump, because I just bought back in. Somehow what I do always makes the price do the opposite of what is good for me.
I thought it was all about me and you're saying it's all about you anyways I'm ready for the dump I know the feeling. I was up briefly yesterday and chose to hold just before it crashed. Then when I didn't choose to buy the price went back above what I panic dumped for. I should have taken my meager profits when I could and brought back at 200 but I thought it was going lower instead of bouncing off it. Perhaps I'll take LFC_Bitcoin's advice in the future. The reason btc is the easiest market in the world to trade is because so many people trade it who don't have a clue what they're doing. Experienced traders capatalise on this and are buying when you think its going to dip lower and are selling when you think its moon time. If you don't trade anything else just buy and hold, all you do by flip flopping is give your money to the sharks. |
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So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
Forget XT, it's not going to happen. Some version of bip 100 will likely be chosen. XT is a coup to produce some action. Production cost is still below current price. If big enough mines start shutting down you should be far more worried about Bitcoin dying due to how long it would take to find a block than what client is currently running. |
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One thing is for sure and you can quote me on this later. This whole XT mess will go away at some point when all the devs get together and sort it out, agree to future pull requests etc. When that happens god help the shorts.
That will never happen until Blockstream is removed from the equation. Missed this in the mele. Ummmm, nope. It's far more likely that XT will be rejected and a consensus reached on an alternative. BIP 100 already has 25% of the hashing power currently backing it. |
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My bots warmly welcome fud storms and volatile markets. I am in no way afraid of btc dropping to $87 as im fully confident that would be a temporary price point and parhaps a good place to once and for all shake some of these gorrilla-bears out of the market. Some see DOOM, i see opportunity. I feel for anyone staring at their balances dropping, but I personally am quite interested in playing in a volatile scare-fest.
In any case If I am wrong and Bitcoin goes to the moon, then all I need is for Monero to appreciate 5x in terms of Bitcoin to say 0.01 to 0.012 for my hedge to work. Given the past performance of most alt-coins during a Bitcoin boom this is actually conservative. In effect I have allocated a small portion of my Monero holdings as a hedge against a fall of the value of the Canadian Dollar in terms of Bitcoin. I also expect established alts like XMR to go up 5-10x against BTC as BTC goes up 5-10x against the USD. Possibly 100x gains. So now I think to myself: why even bother with holding BTC? A basket of established alts (e.g. XMR+PPC+NMC+ETH, etc.) collectively have as good a chance of surviving as bitcoin does. Maybe a better chance. And more upside. I basically agree but let me state the bear case. There may come a time, perhaps unexpectedly, when BTC pulls away, posts large gains, and its network effect becomes prohibitive. The crypto wars will then be over and only BTC will remain standing, with the rest declining virtually to zero. This is essentially the Bitcoin Maximalist view expressed in a more market neutral manner. I don't necessarily believe it, but I don't consider it impossible either. I think the real bear case is if crypto just doesn't succeed full stop. The recent shenanigans regarding btc development has demonstrated just how immature and ill-prepared crypto is for the wider world. I'm not saying its btc or nothing but btc has to break into the real mainstream on some sort of level before the world will accept crypto as a viable thing. Otherwise everything else will be met with the same scorn as a failed btc project, imo. |
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One thing is for sure and you can quote me on this later. This whole XT mess will go away at some point when all the devs get together and sort it out, agree to future pull requests etc. When that happens god help the shorts.
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Funny how these quarrels amongst coders get so many people so excited when we are actually just on our way down from willy/markus artificial highs towards the actual production cost of bitcoin (as any "regular" commodity would behave). As long the max amount of btc has not been mined (or that event is even poking from the far horizon), the amount of cash needed to mine a bitcoin is where the price is pulling.
Yes that is kitchen economics, but ffs thatīs just how stuff works.
Fear not forks, fear free energy.
Wrong. As long as there is speculation and demand the price can remain above production cost indefinitely. You presume every mined coin is sold which is an asinine assumption. The caveat of course is the price can also go below production if existing coins are added to the supply side. The point being to use the cost of production as a metric for the true price is misinformed. |
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Wasteland is right, confidence is one major "selling point" of Bitcoin. This kiddy nerd fights are for sure not helping in that regard. It seems like several billions have been handed to some teenagers.
The nature of any politics results in squabbling that appears like kid fights, that is NOT so unusual as you are making it out to be... Yes, surely, there is an ongoing lack of confidence that drives the price downward, and fearmongerers that also contribute to negative sentiments... At the same time, we could go down either road and still be o.k.... our vehicle is still intact.... and mobile and capable of taking us in either direction, so long as we can agree to who is driving and whether we go 40mph or 80mph... and whether we pull the trailer or leave it at the campsite... At the end of the day it's all a question of liquidity. There are many big holders who, while being btc rich, could never feasibly cash out their stash due to lack of liquidity. If just a few of them cash out a small percentage to lock in profit the market tanks. Add into that a negative sentiment and the price has nowhere to go but down. Its funny though, if the price drops much more there is going to have been more VC money invested in the eco system than the market cap of the product they are venturing for. I do think we'll go down BUT dreams of $50 btc wont happen and those prices wont remain for long. There are too many rich people out there who would throw a million in for 20k coins to see those levels for long. It is true though that there comes a point where the price is so low people will lose interest and a lot of the momentum will be lost. |
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Down we go again.
I surely see the downward momentum.. yet I find it somewhat surprising that bitcoin prices seem to be gong down at a very similar, if NOT greater rate than fiat markets.. ... Yes, yes yes... fork issues... Nonetheless.. in spite of fork issues, I would have expected BTC prices to move somewhat contrary to fiat markets... whether short term or long term... and in spite of fork issues... Bitcoin should be a good hedge.. and a decent investment... Accordingly, Fiat markets going down should indicate that BTC are to be going up... no? When markets crash like this, cash is king. Who in their right mind is gonna liquidate their stock holding etc and then throw their money in something that just lost 30% of its value in a week. Do you think people are retarded?! Also nice post Alex, covered pretty much what I would have replied. |
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Oh my god it's a capitulation buffet. Bring it on, this is where the money is made!
And I fully agree with TC. XMR should be thought of in terms of Usd, not btc. Why would compare a rate of apples to oranges just because both are fruit?
I know we are down below 50 cents.... I'm wondering if we will hit 40 cents each. Either way, my buying will start soon and keep going until 2016 at least. TPTB keeps predicting the ultimate low in crypto will come in Spring 2016, so we will see.
This is how you know you're onto a good thing, when you don't cringe as the price goes down because you are "losing" money. You think of it as an opportunity to own more.
That's what people thought when they were buying $900 btc on the way down. It doesn't matter how you want to think about XMR, fact is nearly all crypto is tied to BTC and when it tanks so does the price of its trade pair. |
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starting to think there no need to increase block size limit because bitcoin will soon not be used at all
Someone gets it. This is why the whole argument is irrelevant anyway. We were at no where near close enough adoption to start forking for 8mb blocks for christ sake. Gavin killed the honey badger. RIP anyone who bought after Nov 2013   Other than the spam attack average block size at around 0.4 MB. Absolutely no where near full blocks let alone blocks 18 times bigger than the current. Most of the space is spam and dust anyway so even if we had full blocks the correct fee would get your transaction through no problem. |
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starting to think there no need to increase block size limit because bitcoin will soon not be used at all
Someone gets it. This is why the whole argument is irrelevant anyway. We were at no where near close enough adoption to start forking for 8mb blocks for christ sake. Gavin killed the honey badger. RIP anyone who bought after Nov 2013 |
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Completely different to SR crash which was a flash crash. Told y'all in the $280's. This shit is doomed with no end in sight. Prepare for sub $100, not even trolling. |
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Bid support is down to 50btc. Can't remember when I last saw it this low. Looks like whoever wants to buy sub 200k will have this opportunity soon.
It's not been this low since it was introduced to Polo. Sad times and RIP the top longers. Not surprising while btc is sliding and I can see it sliding another $100 or so easily. Nobody wants to hold alts while the other side of the trade loses $ value. |
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...go onto trading view and find me a chart where someone else is using BFX...
IME "real traders" do not share their charts, the only ones that do are pros with a view and baseline amateurs (like me). This trend happened, and interestingly enough the low spike before it was on a trend as well  I was lucky a few month ago ( https://bitcointalk.org/index.php?topic=839312.0), my crystal ball gives a a target at $230 on early November/late October, and $250 around March 2016, with some movement in between, including a possible new low near $150. Feel free to disbelieve and laugh if I am wrong  I'm not saying your wrong and I wouldn't laugh at you (only bag holding $500+ perma bulls get laughed at) , its all TA, its all opinions and probabilities but trust me you're the only one using that spike as part of your TA. Who in their right mind uses one random spike on one exchange to base their trend lines off. I'm only trying to help you out. If you consider yourself an amateur then learn, do not use one random spike on one exchange to base your TA off. |
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