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Check the news: August 1st is no longer relevant, it will be another regular day in the land of bitcoin, it is a non event because segwit is going in before august 1st since miners agreed on the segwit2x thing. It's not ideal, but we get segwit anyway, and there will be no hardfork later on most likely, because no one will run non-Core approved software, and those that do will meet bankruptcy, so stay calm, but it's always good practice to store your coins in your local wallet, never on the exchanges, remember that.
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Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
yes you right ethereum cannot take palce from bitcoin. Because bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey yes of course we all know that ethereum cannot replace bitcoin in future because tbitcoin value is very much high and also the price of bitcoin is very much high and ethereum price is very much less than bitcoin and also the adoption of bitcoin is very much high and if the bitcoin get more progress and countries adopt it then it will the number one currency for long time. And yes ethereum is coming very strong against bitcoin but did you see ethereum network last 2 days. You probably saw. It' at least as slow as bitcoin's network. This is not a good indication for ether's future. Ethereum's network isn't even backlogged for the same reason. BTC is because a block size cap was put in by early miners, Ethereum is just a failure. I'm honestly kind of worried about blockchain tech because of this. Someone needs to run a blockchain and run tens of thousands of transaction per second to show the technology can scale. Ethereum is just a hype because of its lucky feature which is smart contracts so if there is a good project that has a good promises then the investors will buy and consume a lot of ethereum that will make its price high so if you want to earn some decent short term profits then ethereum is a good investment but for long term i doubt that ethereum will survive because bitcoin will still be the king. Do you really think that a turing complete platform is just a "lucky feature" that made smart contracts possible? Do you also believe that a $31.5 billion dollar marketcap can be attributed to chance? There is major development taking place within the Ethereum network that is unparalleled by any other platform....Decentralized applications are NOT just a "lucky feature" associated with the Ethereum platform. These D'Apps----> https://dapps.ethercasts.com/ <----are not "luck." They represent real development and innovation. But what you are not mentioning is the fact that turing completeness is what will be the final demise of the Ethereum platform. It is only a matter of time that a big exploit is found in the Ethereum platform thanks to turing completeness that results in fatal death of the entire project. Bitcoin on the other hand, thanks to the more simple approach, it's safe against these kind of exploits. Ethereum as a store of value is nonsense, that is why it will never replace Bitcoin. |
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$10k is out of the picture this year I think. The rise would be too fast, and I don't want a massive crash. $5000 on the other hand, is possible if Bitmain stops screwing around everyone with their market manipulation.
Now that we are getting segwit, we just need to guarantee no hardfork will happen to not see the price collapsing again. If we are able to do that, then it's very possible to hit $5000, if we get hardfork drama.. forget it.
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At this stage LiteCoin is closer to what Satoshi might have envisioned for Bitcoin, because it can be used as a alternative "cash" payment network, because the fees are much lower and the transactions is much faster. They saw the potential in SegWit and they went for it and it looks like it is paying off now. I cannot see LiteCoin becoming the de facto Crypto currency, but it will work as a "Cash" payment network.  But Bitcoin is going to get segwit soon, which means lightning network can happen on Bitcoin too... so I don't see how Litecoin is still ahead of Bitcoin. Bitcoin is getting segwit, so this MIT project can happen on Bitcoin too. If I was holding Litecoin, I would take my profits... you never know if it can dump now that Bitcoin gets segwit. |
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The funny thing is that there is a trending video in youtube with over 1,000,000 views about Bitcoin with Bill Gates on it and now all the noobs think Bill Gates is Bitcoin friendly when I doubt that's the case, he must be neutral at best. As others pointed out, Bill Gates is a dollar billionaire so he benefits from the status quo. He would only approve of a e-fiat, not a true radical invention like Bitcoin.
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Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?
Bill Gates has enough money to be worried about making great investments, but if he bought bitcoin, he wouldn't say, he would just buy it and hold it. Im sure a lot of billionaires own bitcoin and aren't disclosing their positions publicly. If I was rich and I bought a big amount of BTC I wouldn't say. |
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Bitcoin is designed in a way that it will never stop going up as long as there is demand for it, and in 2030 the total supply becomes almost reached:  As you can see, the curve becomes almost a straight line. The price should be very, very high in 2030 if the demand is meet. Luckily, we are still early on, notice how in 2017 there is still a nice angle. The more straight the line becomes the higher the price (and the harder to accumulate). |
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Since bitcoin is a global market, it is exposed to all kind of frictions, different countries having different reasons to buy or dump it and so on. The marketcap is too small to not fluctuate a lot, which is good because it shows there's a ton of upwards potential. Once the marketcap is worth 7+ trillion like gold, the price will be way less volatile.
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https://coin.dance/blocks 76% blocks mined today support segwit2X bitmain is raising an ICO to make sure they can buy enough hashrate to make sure a hard fork. But it seems that miners are supporting the compromise approach segwit2X now. This is confusing. Can anyone explain which among these are compatible with SegWit2X? As of now, these are the hash rate stats: Emergent Consensus: 40.6% Segregated Witness (BIP 141): 30.5% SegWit2x: 16.0% Extension Blocks: 6.2% BIP 100: 6.1% How did you reached 76%? Is it Emergent Consensus+Segregated Witness+BIP 100? Hover over the orange lines to look at today's stats. The 'this week' stats are expected to reflect what the last 144 blocks are showing sometime next week.  And hovering over makes the things even more confusing. Also check this out:  But in the end..... JUST DO IT!!!! I'm getting too old for this never ending game of bitcorns. It is indeed confusing that that block mined by Antpool didn't signal for segwitx2 or BUcoin... maybe they are testing things up. According to Barry Shillbert on twitter, the hashrate is 80%+ now anyway so it will lock in, but people should still pressing with UASF148 until the end, can't trust these people. |
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Even if 100% of miners signal for something, that something is irrelevant if it's not backed by Bitcoin Core devs. Bitcoin Core devs developed all the technology, and they think it's a good idea to fire them and put some random morons in charge instead to maintain and develop Bitcoin. Big mistake. Every miner supporting this instead of BIP141 will soon face bankruptcy if they are stupid enough to run that software You certainly don't see how dangerous the current situation is It is not just about miners going bust, they are basically a waste material anyway (in the sense they can be easily processed and substituted if required). Indeed, this is not how they feel and behave right now but this is how things should be if done right, and this is the crux of the matter. If it were only about them being spent and wiped out, no one would give a goddamn fuck. The real problem is that they have enough power to take Bitcoin down with them if they choose so (or at least, turn Bitcoin into a waste material as well), and I for one have no doubts that they will (I refer to Jihan and his minions, more specifically) Let's wait until october and see what happens. I suspect there will be fireworks and it will be a failure that will display NYC is a mistake. The rushed hardfork into inferior software is going to be a joke. If they try to attack the legacy chain that sticks with Core we may need a PoW change... I dont know honestly how it will play out. |
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Even if 100% of miners signal for something, that something is irrelevant if it's not backed by Bitcoin Core devs. Bitcoin Core devs developed all the technology, and they think it's a good idea to fire them and put some random morons in charge instead to maintain and develop Bitcoin. Big mistake. Every miner supporting this instead of BIP141 will soon face bankruptcy if they are stupid enough to run that software.
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It could be a DDOS attack. Anyone with real money invested in bitcoin is tired of Bitmain's antics. They crashed the market with a simple blog post, and now they threaten with an altcoin that would be premined. It was pretty much clear that something like this would happen. If you piss off hodlers it has consequences, and all hodlers are against Bitmain's roadmap.
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still running my original wallet from june 2011.
just checked my 1st translation.. 0.35 btc from slush on june 16, 2011.
that was with mining with my HD4850. it was more of an experiment than a money making endeavor or to be part of the crypto scene. more like to see maybe i can help finance a new video card if this one makes money.
used slush as my 1st pool as they had the best instructions on how to setup a miner.
anyone else care to share their 1st incoming transaction and where it was from?
I started with altcoins, so it must have been gains made on an exchange that is now dead, probably cryptsy, so I lost the trades done on there, and I didn't save them so I don't know what altcoin it was. I mined some altcoin, traded it for btc there, and that was my first incoming transaction. |
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True bitcoiners don't care about any wallets because true bitcoiners run their own full validating nodes, so they are not worried about what the next move of whatever online wallet they are using. Download a full node on www.bitcoin.org and stop worrying about online wallets forever. It is worth the time to download the full blockchain. |
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Roger Ver and Jihad Wu have turned off their spamming bots for the time being. I guess they will turn them on again to push for the hardfork later on after the so called segwit2x activation. That will be fun, except if it wasn't for the fact that the price will crash again in October. |
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The only thing this proves is the value of bitcoin. The more valuable it becomes the more people will be ready to take the risk and rob, steal, scam, in order to get some.
Also, I'm pretty sure this guy will try again. $1000 is not enough to satisfy your needs, he'll party for a while and come looking for another victim.
There's over 150,000 armed robberies in the USA each year. Nothing to dwell upon here.
Good point. It proves that people are willing to risk jail time for bitcoin. It seems it is increasingly dangerous to sell some BTC for cash. When I cash out (I hope years from now, and I hope it is worth a lot more than what I have now because i think it's not that much to bother) I will do it properly and pay any taxes, I want to be able to sleep at night so im not doing anything illegal. Also, cash will probably disappear in 10 year or so so it will not even an option. |
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Just to complete what BillyBobZorton said: In case you do not understand much of the subject, keep your Bitcoins and don't do any transaction during the turbulence that we will have if there is a chain split if you want to make sure there is no risks of losing any of your coins.
You can leave them standing in any wallet that you control the private keys, so do not store your coins in any web wallet/exchange.
In my case I will just hold all my BTC and pay attention to the news that will come out during this period so you know what to do, and check both /r/bitcoin and /r/btc for instructions on people's options from both sides.
This is what you need to do, do not transact... I know it sucks, but I guess that is the best you can do in the scenario of a potential split. If you do transact, then always do it from your full node, knowing exactly what end you are sending (legacy or 148). Also make sure you are dealing with a non scammy exchange that will not let you choose between legacy and 148 coins. |
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Is it too early to be speculating about the price of Bitcoin in light of what happens in the Summer of 2020?
The eyes of the world will be on Japan when it hosts the 2020 Summer Olympics, not to mention the thousands of international atheletes, fans, spectators and tourists who will converge on the land of the Rising Sun. As we all know, Japan is one of the most bitcoin friendly - if not THE most bitcoin friendly - country on the planet right now with it's acceptance of Bitcoin as a legal currency.
Also, for those not yet aware, the next Bitcoin halvening will occur sometime during the Summer of 2020.
Not only will there be some decent exposure just from the fact of bitcoin friendly Japan hosting such a yuge international event
(sure, the Olympics has lost some of its prestige, but still), but there will lso be the inevitable hype surrounding the ?third bitcoin halvening to occur around the same time (albeit price increases have historically occurred weeks to months after the actual halving event date).
Add to that, we could by that time have a consensus solution to the problem of scaling implemented.
To summarize:
Bitcoin-friendly Japan hosting 2020 Summer Olympics + Bitcoin Halving in Summer 2020 +/- possible consensus solution to scaling problem = Perfect Storm? Or just a minor squall?
My over-exhuberent amateur bitcoin speculation intuition vibes are telling me ~$30K price for bitcoin towards the last quarter of 2020 - barring any catastrophic negative event(s) occurring between now and then.
What do you think? Too early to predict? Am I putting to much significance on things? Out of my mind with $30K?
2020 will be a great year for bitcoin. Im sure we'll have segwit by then, we'll have fully operational lightning network, and bitmain will most likely be bankrupt. ETH may have collapsed by then, since we will go through another DAO, all this money will come back to BTC. The halving decreasing the reward will bring the price to 5+ figures. |
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You should fix the thread title. You said "Bitmanic" which sounds like "Bitmain". When I read the title, I did read "Bitmain announces support of UASF" and I was like... that's just impossible. Bitonic seems like a very respectable place. A friend from NL uses it for a long time, they are solid. |
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What use is Bitcoin if in 9 years you cant even buy groceries with this shit
You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent
whats the point of bitcoin, if you cant do anything with this shit?
If you still don't understand that the top priority of bitcoin is digital gold and not Paypal with a token, you should sell your coins and use fiat which already does what you want since you don't seem to care about anything else. Or maybe pick Ripple if you like tokens. |
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