I seriously wouldn't be surprised if he ends up being a supporter of something that opts for a massive centralized change (hint, Bitmain). Point is, is he a 'legit' supporter of that stance (legit in the way that it is his own way of thinking), or is he getting paid to make him support something different than what most people here aim for. I tend to go for the latter, but there is no real proof to back it up...

Satoshi can't, and shouldn't be blamed. Back in the days 1MB was more than enough (more precisely said, it was far too much) to efficiently allow the network to cope with all the transactions. Also, Bitcoin eventually would lose it's micro/cheap payment advantage anyway. Bitcoin is set up in a way that due to the block halvings, miners will more and more depend on the income they generate from fees.

Satoshi's last activity here dates from December 2010. Perhaps that was the moment he left, or a little later, but after that Satoshi was no longer involved in how Bitcoin was developing further. Back in the days the space in blocks that was being used almost never exceeded the 10KB mark. Now you again.

Stop spreading false information. Look for yourself how many transactions fit in one single block. http://blockr.io/block/list/

That's just pure luck, plus you depend on a third party to do the work for you. If you didn't use ViaBTC, or any other acceleration service, you wouldn't be that excited, that's almost a guarantee.

As long as you aren't selling any of your coins, you won't lose anything. Instead of looking at this whole situation from a negative standpoint, you could see a potentially very rewarding opportunity to buy yourself as many extra coins as possible at great discount levels. Point is that you have no other option than to just swallow everything that comes towards you. You either keep mocking, or use that situation in your advantage - I go for the latter.

It's not that it is something that has happened very recently. For people that have been here long enough, this is something that was looming from the very beginning. It's actually very simple; as the usage increases, and that was definitely the case (still is), the free space left in blocks only decreases. It wouldn't take long before the blocks were all filled, and it indeed did happen. Result is that people have to outbid each other with higher fees in order to grant themselves a front row seat, and that's what has been leading to where the fees stand right now. For many it might be something that came as a surprise, but people that have been here long enough know better. I am obviously ignoring the spam transactions as I only focus on legit usage.

It reminds me of someone I adviced to step into Bitcoin in December of last year, as he was looking to invest a certain portion of his savings due to the poor interest rates. Instead of seriously looking into Bitcoin, he blatantly ignored it, and told me that he doesn't invest in something that has no real value, and even hints towards a ponzi scheme. On top of that, he adviced even me to stay away from Bitcoin... It's funny that no matter how many times you explain something to people, that they are still not willing to change their stance/attitude towards something. After the price literally demolished the $2000 level this year, he blamed me for not pushing him harder in order to make him invest anyway, lolz.

Explain me; If things are as you say, and altcoins do indeed have better features than Bitcoin, why do people still mainly use altcoins for speculation purposes, and not actually make use of these features? Could it be that these features don't add any significance, at all? Is that the reason people aren't taking these features seriously? You must understand that altcoins having more features than Bitcoin, doesn't mean that they are automatically better, or that they will experience any sort of significant use. Don't get blinded by the altcoin market.

Classic example of pure gibberish.

Hodlers, are they dumb? Not at all. Are they limiting themselves? Possibly. I am a solid holder, and at the same time a more than profitable trader. I am not amongst those that limit themselves to do just one thing, while they could do both holding and trading at the same time, without any problems. The fluctuations that this market experiences are so repetitive, that it's almost unreal when you realize how easy it is too book profits. This year, if you haven't been able to double your initial investment directly from the price that has more than doubled, or from the wide fluctuations, you're definitely sleeping...

I am sorry to say, but despite the increased price nowadays, 0.01BTC is still what I consider to be a very small number of coins for trading purposes. Let's assume you have had an exceptional day of trading, you end up with 10% profits, which is fantastic, but that excitement drops real hard when you consider that 10% of 0.01BTC is just 0.001BTC. If you want to make it a bit more worthwhile, allocate a few hundred bucks for trading, and it will definitely feel much better when you look at your gains.

It has been happening on a larger scale now Bitcoin is the hottest thing in terms of investments, and in terms of people looking for a change in how they look at the financial system. Bitcoin as a whole is growing, so if you as non Bitcoin news site, or blog, or whatever, wants to attract a new type of audience, it will help that you dive into Bitcoin and start writing about it. In order to attract people to click on your articles, and raise your ad income, you have to come up with such bogus titles. Just let them bark as much as they want.

This bubble talk is straight nonsense. Especially when you consider that self claimed experts and analysts have said Bitcoin to be in a massive bubble back in the days it touched $100 for the first time!!

Price levels and bubble nonsense throughout the years.

$100 - experts predict massive bubble.
$200 - extended bubble, but it will pop soon.
$500 - bubble keeps growing, it's pure madness!
$1000 - governments, institutions, etc, are warning people to avoid Bitcoin!!
$1500 - new self claimed experts start to pop up, and explain to others why Bitcoin has no real value.
$2000 - media points at a massive ransomware attack as reason for Bitcoin's recent growth.
$3000 - even more self claimed bobos pop up, and start sticking their nose into something they don't know anything about.

What a bubble......

Lol. It was a certain form of sarcasm to point out that the garbage he is referring to, has made me a good sum of profit throughout the years. For your curiosity - I have made more than $40K this year alone.

It's funny how these articles try to exaggerate this whole situation, while if you remain realistic, and focus on current market circumstances, poor overall buy support, people looking to cash out profits, etc, these fluctuations are completely normal. Let the price bounce up and down within even wider ranges - for me that's money in tha bank, or better said, Bitcoins in tha wallet.

Nice that a picture has been included of this Brett Arends. Looking at his bald head, I directly come to the conclusion that it's very likely that Bitcoin allowed me to gain more dollars in numbers, than every single hair he lost combined.

Interesting thought. Mind sharing what your current BTC-LTC-USD ratios in percentages are, and how you would like them to be before the situation according to you goes bananas?

I'm in the same boat. I am not in any altcoins at the moment, and will likely not take any positions into altcoins at a later period, but the only coin that I still somewhat value is Litecoin. I still believe in the Bitcoin is Gold and Litecoin is Silver argument. Basically every coin in the 2.0 category is subject to a certain form of centralization, plus there is always something that stinks about how their coins have been distributed.

Instead of converting your precious coins to whatever altcoin, you are better off holding a bag of fiat ready, just in case the Bitcoin price happens to tank. If we purely take a look at how Litecoin has performed recently, then it's obvious that it is lagging behind some of its other altcoin competitors. Also take in mind that money mostly follows the hype, and the hype clearly has moved past Litecoin in order to blow up a few other alts. Add that Litecoin quite often ends up following Bitcoin's direction, and it again puts more value in holding fiat ready.

You shouldn't base your actions on what you read on the internet. It just requires common sense and a very basic form of market understanding to use these repetitive ups and down in your advantage. If you read something on the internet, then it's the view of the writer of the blog or artcile, but that doesn't mean it holds any value. Always do your own research.

Clear sign of someone that doesn't know what he is talking about - quit getting information from the blogs your read.

This is the only part that somewhat makes sense of your post.

It's very simple actually - people put confidence out of an increasing market. People keep waiting for the price to go up, because their confidence is increasing alongside the price that is increasing. At the time they finally pull the trigger to start buying, they enter the market at near peak levels. If the price goes down after that, which is a normal market movement as people secure profits, they lose all confidence. In that regard, when you see people complain about a 15% drop, while the price has gone up like +100% in the last months, it's mostly all related to that.

It's all part of the market. Expect these price swings to increase in intensity as the price goes up further throughout the years. The higher the price goes, the weaker the overall buy support gets, and the more we'll see heavy fluctuations. Imagine how that will be when the price reaches the $10,000 level.

Overall buy support;

$1,000,000 will be enough to swallow 2000BTC at $500 per coin.
$1,000,000 will be enough to swallow 1000BTC at $1000 per coin.
$1,000,000 will be enough to swallow 500BTC at $2000 per coin.
$1,000,000 will be enough to swallow 400BTC at $2500 per coin. <- here we stand today.
$1,000,000 will be enough to swallow 100BTC at $10,000 per coin.

Whales keep accumulating coins, overall buy support gets weaker and weaker; result - whales become more influential than ever before. Example speaks for itself.

I don't see Bitcoin as currency, so for me this doesn't change anything. I only care about the store of value aspect, and how decentralized Bitcoin is. I use Bitcoin to store a large portion of my wealth outside the reach of these greedy bastards, and in that regard, Bitcoin is doing its job exceptionally well - that's all I need from Bitcoin. It's just the regular load of bankish gibberish, next...