Bitcoin and Ethereum are down over 20% today. It appears that Bitcoin's upcoming "forks" may be contributing to this, along with possible new legislation introduced by Congress looking to possibly regulate Bitcoin and other cryptos in the USA.
My initial read of this situation is that this is probably a great time to move your holdings toward Ethereum, as it doesn't have the technical issues Bitcoin has at the moment...

Here is a great article discussing all that is going on... Highly recommended: https://bitcoininvestment.news/bitcoin-and-ethereum-price-crashes-20-blood-everywhere/

the situation is not very good for bitmain atm

you can have digital cash without corporate control... growth via NODES (dynamics) means nodes display what they can handle and pools follow the consensus..

there is no "gigabytes by midnight causing datacentres" debate .. you have been hypnotised into that FUD

you have been brain washed that the BScore-porate control is the only way..

all the segwit imps and bips
gavin+garzig(BLOQ->DCG)
baryysilbert(dcg)
core(blockstream->DCG)
uasf(samson/lerner->DCG)

are all the same BS

BS= blockstream, B*ll S*it, barry silbert...  its all the same BScartel

goodluck with you BScoin

You must be a new bitcoiner.

Supporting larger blocks is simply adhering to Satoshi's original vision, Large Blocks is not "jihancoin" it is simply scaling Bitcoin the way that it was originally intended. Using that kind of vocabulary only reveals yourself as either being New, Brainwashed or having Low intelligence, or possibly all three.

Anyone worth their salt knows that Blockstream are the ones attempting to fundamentally alter Bitcoin, and nothing is more worthy of being called an altcoin than the Astroturf'd UASF crapcoin. Segwit in itself is also a radical change, much more radical than simply increasing the blocksize.

Get off r/bitcoin and go read a book or something.

It'll be a new fork of Bitcoin sort of in the vein of how XT/BU/Classic would've worked, but apparently he plans a little extra premine of 5400 "BTC" for himself.

We're already seeing a shocking loss of bitcoin dominance from 95% to 40%... If the big blockers fork off and leave "bitcoin" entirely in the hands of Core/Blockstream/dumb miners/trolls, then this will accelerate, collapsing even further under the weight of its its own stupidity.

This just isn't true in the least, I've seen topic after topic like this come up with people saying that the reason for this is that a ton of other currencies are more innovative, dont have TX problems like we do, and have a wonderful dev team that's supporting the coin. Well, It's not like these coins are going to have any congestion problems when the only use for them is going to be people who are simply trading it all day for money.

The big difference between BTC and these other coins is going to be that Bitcoin is actually used by people on a daily basis, these other big coins such as XMR, XRP, and so on are coins that are just being used by traders and whales to make money. Sure, these coins are being hyped up all around but it's not because of actual usage -- it's because this is what the whales want to do to be able to get people to keep buying these coins and keep pushing up the price.

BTC will stay at #1

Umm... you do know that BTU has nothing to do with Bitcoin Unlimited, right? It is merely an intentionally crippled craptoken created so useless idiots would have something to post to try to tarnish Bitcoin Unlimited.

For the metric which matters -- hashpower as measured by block solutions -- BU hanging solid on 40%.

Like a boss.

What? When did Satoshi designed bitcoin to mimic gold?

https://bitcoin.org/bitcoin.pdf
Read the title:
Bitcoin: A Peer-to-Peer Electronic Cash System

Bitcoin was meant to be a p2p alternative to cash not digital gold silver or diamonds.

Treat bitcoin as digital gold and you'll end up with digital nothing.
Once you stop using bitcoin in the daily life it will lose all reasons to exist.

Gold is not only used as an investment. There are thousands of uses for it, replace it with other materials and you'll see the value drop like a stone and nobody treating it as an investment anymore


Crisis is too much to describe the current situation.
The blocks are still full, transactions are still running a solution is at the horizon.

What is happening with the cryptocurrncy market right now, all altcoins and bitcoin are dropping in price very fast.
What could cause such a thing, just look at coinmarketcap and poloniex, they are all in red :S. Whats happening?

this same collapse was predicted so many time it's not funny anymore, and it did not happen each tiem it was predicted, i guess eventually some fiat will crash in the future

but thinking that all the fiat will crash and people start to move on bitcoin is silly, they will play the same game about printing more money out of thin air and paying the debt with more debt

fool
1. bu is not activated nor will ever activate unless there is consensus.. there is no BU coin..
2. if there is a proper consensus fork. then the majority survives..(because consensus wins).. so the minority will lose their value for holding onto their minority.
3. your not realising the barrycoin is the same BScoin as blockstreams segwitcoin... barry and blockstream are together.. its all bait and switch divide and conquer techniques just to try getting segwit activated sooner rather than later by pretending its 'options/free choice' when really its just a new bridge that leads to the same highway

core has economic power?

last thing i read is that the exchanges would accept and trade both coins of any split that may occur.. so the 'economic' power is equal.

as i said in last post its more complex.
for instance if the BScartel only allowed their portfolio of exchanges to only allow deposits and withdrawals of segwit(AKA BScoin) .. THEN core would have economic power. but by exchanges allowing all forks to be traded. the ecomonic power is equalised

as for core having node power.. as of today cores nodes are empty flagging segwit without even having a node ready to make a segwit tx on the main net. (that will come as a later release after activation) so technically core has zero node power in true support of segwit. its just meaningless hand waving right now with promises of a proper version release after activation.

if you think that segwit tx's are going to occur overnight after activation. think again. even litecoin hasnt bothered to even get the segwit supporting pools to use segwit tx's. let alone the wider community..

all in all.. nothing is set in stone.. whether its
november-soft-segwit
august-hard-segwit
segwit-and-2mb-lagacy
1mb-legacy
dynamic-legacy

its still all up in the air, and going to be a clusterf**k of orphans for everyone.

SegWit is developed by Core and is their solution, yes.
To be honest I don't expect BIP 148 to get far.  For now it's stuck with a negligible amount of hashrate which would end up making it near worthless when a split happens.

I'm thinking the real solution will be a better UASF a while later, or a compromise involving SegWit + 2mb implemented by Core.

If neither of those things happen, we might end up with a half-hearted attempt to implement LN on the current Bitcoin, and a pathetic display leading to a slow takeover from alts.

Same here, but that doesn't mean I will go into a state of delusion.

I may be wrong about it though and I'm keeping an eye on it.

Shorting ETH/BTC is probably a very good idea right now.

a seed is better. because you can hide it much better. both in the electronic form and physical form
design a crossword
hide the words it as a grocery shopping list
a christmas wishlist

that seed is yours for life
..
wallet.dats can get corrupted. data loss, physical loss of usb memory stick, virus, electrical surges killing memory storage
and every time you use a new address or move funds to a new change address you usually end up needing to re-backup the wallet