The correction already reached its first objective which is $15,700 which is just a Fibonacci level same as the recent top.    Any fright between those two prices is just the audience perception, there is nothing negative in the price yet to really justify a negative view.
If anything every pullback is a positive so long as it remains regular and stable within a larger trend and 20 to 15k is broadly just an adjustment area.    Thats a big gap in pricing in theory but also relative to the growth in price, speed and volume its reasonable.    

  Every day stocks trade the market makers and speculators reference previous movements, daily weekly monthly and if done similarly with bitcoin this wide range we have now is just normal action.   It may alter, maybe people get too worried I dont know but at present its still normal.   I also imagine Xmas has some effect even though BTC is global, this is just my personal guess on this time of year and I would say the same for Chinese New Year

This is the kind of thinking I have to the Bitcoin economy, its not good despite the name - https://en.wikipedia.org/wiki/Positive_feedback#Systemic_risk

The fees should be judged by revenue not the fee amount.    Or the ratio to price, inversely as fees rise as a higher percentage of costs this represents failure and an increasing risk of collapse.  I always want to see BTC spread in its market range and coverage by being so useful, this spike in fees stops it spreading to new markets by focusing purely on an elite in speculation.

  We already have extremely expensive vehicles to speculate in for the richest people in the world, its joined the ranks of the political elite who deal $100,000 bundles when I know many people wanted BTC to be about the efficiency and enablement in failed economies for the poorest people on earth.   Clearly $30 fees exclude those people who barely can afford a bank account

Good graph but also fees would rise in any case as they are a function of the price.    Perhaps another scale for ratio of fees to price has to be done to show that increasingly value of the mining network is falling.   Ultimately it becomes price gouging as the network is unable to cope with the transaction volume.  Its a failure in competition perhaps, every capitalist system relies on any business can enter that domain and introduce innovation and receive some part of the production revenue.

  This is why the consumer and ultimately society benefits from capitalism over other systems like socialism or fascism where profit is seen as a negative, why isnt BTC an open system any more.   I really preferred when GPU could mine, that was open ended but maybe Im just biased there :p

I will have to side with realRoach on this one.   There is no doubt alot of gold waiting in the ground, since we only mine the earths crust and there is giant amount of gold deeper.  However the point of that relationship would be that gold extraction generally goes in line with technological advancement, its not excessively inflationary as we recognise most FIAT currency has become.   That standard is corrupted by politics and is not a benefit, service or parallel of human economic advancement, the world will be improved when we do not hold one countrys paper as a world reserve asset.

Blockchains are a positive technology but its probably also a false dynamic to say they are more limited then precious metals or in some way more unique.    To be useful the protocol is going to have to be developed further, its not static.   Quite likely BTC will not be the only 'ticker' symbol traded, they'll be many with each their own properties.

I have read recently IOTA exceeds BTC in transaction volume, I believe its much unfinished though

https://en.wikipedia.org/wiki/Parable_of_the_broken_window

The simple answer to this is contracts for a price with a solid exchange should be preferable to large money then getting directly involved.   I think it means a reduced price volatility within online exchanges as now holdings of BTC can be hedged.   Nobody needs to go out in panic because price fell if they gain via their futures contract on the lower price.

Its a reduction but not elimination clearly.

So far as alt coins, I also think its a positive.   Less frequent large scale moves in the main exchangable crypto means we should see increased stability as a ratio.  It helps people see growth more easily in their exchange prices, graphs make sense.  Investor confidence rises in startup projects like new crypto and tokens which improves the overall investment cycle perhaps.

It should be a positive long term effect, I dont know we see it immediately.  Come back in 6 months maybe, a bit like the block reward change we all speculated on in 2016 - it took a while to effect

Pity its taking so long.   I think the fix for transactions has to be scalable, this is a favourite criticism of many mainstream pundits that this whole crypto 'economy' is just a side show and would fail if tested.
So far BTC fee structure has proven them right which should not have been allowed to occur really.   I think any solution has to allow side chains of some sort and security is selectable by the user by the needs they have and of course the size of the transaction.   We dont need coffee to the same security as a house purchase clearly, but the layout of BTC so far lacks that clarity.

The top is nearer 19 to 20k and the current pullback is within that bullish rise.   I'm quite surprised people are so wary when not a vast sell in percentage terms.   All the way back to 15,713 is still quite strong.  A mid way marker for the nervous I will call $17,155    thats just a speed hump between those two larger boundaries

If the payment is to be made in PLAY tokens then its probably not beneficial for anyone to label it negatively, so long as people are human then mistakes can be made and hopefully corrected.  As its a consumer facing company I'd hope that is an ongoing possibility.   Theres more then a few people Im trying to gather together who were not able to get a claim in.  A couple I think have english as a second language and have been disadvantaged in submitting details and Im happy to collate information required for everyone, I'll work through any details that are missing to fill in the gap between the company and its bounty campaign participants.   Its better to just reduce the reasons for not paying then building them up with accusations I think.


Its a failure in communication to participants, even this thread keeps the same title with nothing on the opening post to show a new deadline added.
I found the comment I missed within the Signature bounty thread 177 pages of comments, a line of text can be missed unfortunately.  The title and starting information asks people to check spreadsheet details are correct, no new requirement was added to OP or title or the spreadsheet itself to indicate no payment would be made.  Had I also done the twitter or facebook campaigns I found those avenues more clearly done but Bitcointalk itself is a forum where most of us were initially contacted, I dont especially use other platforms outside of forums not everyone does.   I did register on https://www.herosphere.gg/ at the start of October and my email address is available there but I dont think any related news appeared to alert people to report in for a change of terms.     The change to terms after payment had been promised caused some to miss the new details required, if anything is missing it would be best if the claimants contacted me or add your details to an open spreadsheet so we can get clear contact information together.
  The standard way of using a forum is to alter the opening post and also alter the thread title if possible.   Even start a new thread with the new terms required would take only a few minutes and if its going to be causing losses to people involved  its worth doing.

Sounds more like a case for redistribution then a fall exactly.  In Argentina Bitcoin is a victim of its own success ?    The government produces a tax on its people by inflation, producing money centrally and running a budget deficit.     This is all grossly unfair, centralised money is depriving the many to serve the few who are close to government and derive political advantages.

No doubt that government is also against gold and any asset that might be used to hold or exchange value without going through a central system which 'leaks' money onto those in power.

No I dont think its a sell off because BTC is global and this is not a one off, many countries have this problem even US Dollar.    It seems another measure to try and make money illegal.

Dont regret selling BTC, I think the regret should be not transacting generally so anytime you sold something not exchanging it for BTC is a reasonable regret.  Ask for BTC and it would have helped counter the sales, theres not enough normal trade done in BTC plus and minus to your wallet would help stop it just being about speculation.  
I like the people on etsy who just craft their own things and have the option to allow for BTC, keep it a while and take any gains as a tip.     In previous years the incentive is also in the other direction, people dont take BTC when they could because what if it goes down.  

Of course this is all hard to say now when fees got stupid.   Even the very slowest possible amount to clear cost me about 5%, partly because my wallet is messy ?  I only used the wallet 2 or 3 times but thats a problem now, I cant keep a static address.


I recommended to buy MSFT after using windows 1.0

I actually hated windows, DOS was better imo but it was easier to use for people off the street and true enough they have developed it thanks to technology becoming more capable.   That itself says the story, its the potential which matter and the cycle of development.   BRK has never paid a dividend, it has the presumption to continually reinvest and actually Warren Buffet has the constant struggle by his own admission to 'get rid of the cash'.

We didnt buy Microsoft, I had very little money.  If I skipped the idea of using a computer and with extreme blind faith done nothing in life but put it all on MSFT then I guess maybe.   It was a 'new' company, they bought an airplane turbine maker.   Only recently with China etc and a rise in air travel has that done better.

Right now in crypto there is something new that we are missing that'll grow and be used.   This whole all or nothing bubble idea is incorrect, the technology will be used and is useful.  But one single ticker benefiting is unlikely.

Re: windows, crypto isnt easy enough to use and sure as hell does matter and will bring success to innovators in usability.

I can confirm that, just had a stable 43mh nothing extreme with temp target 69c.    Then set the temp target to 75c and no other change, after a few minutes it drops to 38mh just because the temperatures overall have risen that extra amount.
Undervolting is the best choice to get lower temps, even then the HBM is closing in on 20c higher then gpu core temp.    The stock cooler seems a bit overloaded on that point.

The main thing with IOTA is people jump the gun, its not a finished protocol yet and needs alot of polish.   Thats my impression, I like the idea but I would not be committing lump sums to the project just yet only commit amounts you are willing to lose and experience any upsides and downsides to the coin use.  I think every crypto currency that exists needs to keep improving or the user base especially the wider public will find it too convuluted to use easily and they will stick to FIAT. 

Without common use there is just speculation and theoretical coin features, I'm bullish on real world utility and obviously its capable

If people join during the week and the posts are not counted, do they then roll over to the next week

I'll take a walk on possible action forthcoming, we have Xmas most obviously but this is only celebrated in some countries and China is a large part of crypto so its of debatable significance.    However over xmas in normal markets, we usually see lighter volume which can cause unusual activity.

On that basis the next top could be $19,880 which is a Fibonacci level related to the late November selloff I think.   My chart doesnt quite make it clear but I think its 423% of the previous top to that pullback.  Obviously we have moved on but that action at the time had volume and news of note which gives it possible echo in present pricing.   This is how markets move sometimes, we are rising strongly for the moment so I think is feasible as a pullback area or boundary to action.

To answer OP I believe this is feasible scenario that we reach near 20k but hover in between that and the previous major marker which was $15,713 by my estimates.    Volume is important but with varied exchanges and so not apparent in their reporting we can only estimate price levels of most importance to the global market in each of its own national currencies.

Yes perfectly feasible so long as the CPU is not especially weak, anything modern will be fine.   I use a Haswell Xeon chip which was cheap because its locked to stock clocks, however its also 70w TDP also.   8 cores and 16 threads means I can mine XMR at the same time as any other function required.   

I've not heard of IOTA being especially intensive but sounds feasible, so long as there is no chokepoints in any part of the system.

I watched a few reviews but all the stock makes are quite similar apart from warranty conditions.   XFX Ive always rated as well made, I have a card of theres which is still solid after about 8 or 9 years of use.

Powercolor Ive heard rates as good clocks but not to a massive extent just opinions by some.   The AIB cards still havent made enough difference yet and as a miner the price isnt cheaper so theres no real advantage.  The only positive over stocks for sure is to either self mod it with a much bigger heatpipe setup or I think water cooling is the best Vega64 card.   The AMD design or any others will help especially if not undervolted, but most are UV.  
    Personally I dont mind the fans but the clocks achievable are probably slightly better with water, thats the only obvious advantage from more expensive cards so far.


At some point in the future I expect AMD will release an updated revision to the Vega64.   Some say it will be 12nm instead of 14nm. It'll probably be similar to the Rx480 to Rx580 maybe it will run a bit cooler hopefully.

That would be normal market action, weak hands must be tested before a greater price can be carried.   Liquidity is always a good thing so yep I concur    Price on a market doesnt reflect value perfectly, its speculative and some will sell no matter what.   Very common a low price has to be tested maybe a couple times before its evident that a positive trend is in place and traders buy instead of sell, seen that lots of times in different markets.

I have been in communication about payment as per the original terms of the campaign since November and no settlement has been reached yet.  I will be representing a few of the people who were not paid due to changes after the campaign closed which were not communicated to participants.   I'm happy for bitok50 to get in contact with details so we as a group achieve some settlement of the original amounts owed.
   The explanation I've received so far is that it was impossible to communicate, I have replied that it was as simple as a thread title change to alert participants to new terms required but no attempt to notify the campaign manager was made and information was not provided hence the failure to pay.  I have not yet received a reply to that, no doubt they are busy and I wish them every success and I'm sure the project is addressing a very valid growing market sector.  I'm confident as a group we will be able to achieve some compromise to resolve the matter to the satisfaction of all.

^^ That is gigantic news or at least Im pretty sure it is.   So many sites are not dealing with BTC directly but using the services of Bitpay to interface their site.    I'll definitely be reading up to check on that one but I presume they are partly motivated by the failure of Bitcoin with this backlog and I do consider it a kind of soft failure, for user experience its not acceptable.  Whoever thinks 20 dollar fees is ok is not right with the world.  Most arent cruising at that altitude, its a stall speed situation imho.

Theres an easy solution to regret and thats to realise you wont live forever so make the most of each day and maybe more practical is to only sell your BTC to invest into other things.    Dont spend it on junk because then you will regret as much the purchase was not worth it,  this is a shock to the system for most as modern society has become about spend spend spend and with BTC you should consider do I really need to because I might lose out.

The BTC I spent went onto things like a monitor, I was using a chunky old CRT screen for years and because everyone else is on a nice screen I was finding webpages were increasingly hard to read.  You dont realise it but they accommodate the average user setup in their web design and that is not an old CRT.

So I used to be a BTC miner, not tons but enough to buy a nicer widescreen LCD display which is so much finer then the old one and it let me carry on using the internet.  So it was a reasonable investment, in todays money that monitor was about $5,000 maybe.   Thats too bad but I cant regret having to use my funds sometimes and it was fairly essential.

Last year I sold 0.3 btc for a few hundred dollars.   Again to buy computer parts, kinda essential.    The main way I've sold BTC this year ( I held most till the summer) was to buy in some gold, this is a very reasonable hedge and parallel to crypto in not being part of the FIAT or QE system we are all stuck in.

Thats my main recommendation to people who find they sell BTC or feel they have to.   Hold a bit of gold as well because this has been used as a hedge for centuries and it will continue now, major exporting countries are currently buying in larger quantities then they have for decades previously.   I take that as a new paradigm as much as cryptocurrency has been, however right now its not as popular Im sure.

Hold if you are too busy to pay attention to possible peaks but its also quite feasible to sell on near highs and buy into dips and still be within a bullish trend.   The reason not to hold is the gains from trading are quite alot more then just blind holding and the market is such that volatility does not make rebuying a rare occurance.  Its more a case of will you have the guts to buy into the low price when everone is fearful

It makes more sense to rebuy but some find themselves better off just looking away and not paying attention they are less likely to become fearful and miss out on gains.  I guess that makes sense but only with money you dont need ie. literally forget

My rough estimate for a sell off now would be $11,441   but appraise that at the time and usually there is time to buy on the return to a positive gain.    Right now I would not sell above $15,000 as this is a point of strength generally but its all open to interpretation.   This market is very liquid at centralised exchanges but I dont like how fees are so high preventing normal transfers between individual wallet holders.  

   Strength will always be in the longterm diversified network, thats the backbone the rest is flabby fat no wonder we wobble so much