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wherever i look today it seems like there are a lot of people who are surprised about the "rise", which doesn't make any sense to me because there is nothing surprising about this rise in my experience.
the only thing that surprised me was the Fall!
when the market was in bull mode and the price was strongly rising and we had the reasonable correction after the $13k record, things were normal. then the dumping came and price fell, that part was surprising. when price entered the $7k range again 2 days ago it was one of the most surprising things after the $3k drop earlier this year. that drop was "manipulated".
this "rise" that we are seeing today is not at all surprising. it was long overdue and should have happened a lot sooner. we are seeing the market correction and coming back to real prices once again.
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i think it is easier to explain with numbers: lets say i have 100,000 satoshi and want to pay: - 9500 satoshi to address_1 - (automatic 500 satoshi fee) - send remaining 90000 satoshi to address_2 (that is not in the wallet i use) this is easy because of round numbers: address_1, 0.00009500 address_2, 0.00090000 works but numbers are never round  is there any syntax i could put in place of "0.00090000" that sends all the remaining to address_2. i tried "*" and "all", nothing worked. |
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i find it interesting when certain market behaviors keep being repeated. specially the obvious ones. for example in the past 48 hours we had a market flush that cleaned the market from weak hands and whales got bigger thanks to their panic sells. the interesting part is that such trends keep repeating every now and then counting on the weak hand panics to fill the gullet of the whales... now that we are rid of them, price is back to normal again.  |
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you have probably heard these terms before, but what is the "real" bitcoin? Bitcoin is not what some site like bitcoin.com or bitcoin.org or reddit,... says is bitcoin! Bitcoin is definition of a payment network that has certain characteristics and principles that make it "Bitcoin". if one of those stops being true, then bitcoin is no longer going to be bitcoin. so lets review two of these principles: A decentralized network based on majority's decision using proof of workin other words the 1 CPU 1 vote that Satoshi Nakamoto mentions in his bitcoin paper in 2008 titled Bitcoin: A Peer-to-Peer Electronic Cash System. as a result when more than 95% of the network is doing one thing, and you do something else, you would be considered an altchain with an altcoin.  Irreversible transactions and immutable blockcahinthis is the second most important principle after decentralization. it simply states that when your transaction is in a block, nobody should be able to reverse it. this has always been true for bitcoin due to its decentralized network and distribution of mining in a way that nobody controls enough hash power that can pull a 51% attack. but when 1 miner can easily decide to reverse a transaction that he doesn't like it shows centralization of that chain + its lack of immutability and as a result it is no longer a cryptocurrency let alone be "real bitcoin". |
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with all the drama about Binance today after they got hacked and also the fact that BNB was already in a big bubble after its pump, how hard do you think their token is going to get dumped now that their business is facing a crisis?
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i still can't believe that just happened to me! not that i didn't believe in fairness of this site (it already has a good provably fair system in place) but because i never believed in me getting lucky enough to hit 9999 out of 10000 numbers and win the second biggest prize on the site which is nearly 500,000 satoshi. as a holder of bitcoin i am glad that it happened near the bottom of current downtrend of bitcoin so i had the chance of winning a bigger price compared to when it was higher.... to the moon...  |
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these days it is pretty easy to see who has been investing in bitcoin and also altcoins irrationally and based on their emotions instead of based on their solid logical analysis.
the irrational investors never make correct decisions, they always act irrationally. buying on ATH, selling at the bottom when it is already too late,...
and of course the biggest mistake of all times: they invest more than they can afford to lose.
i always tell people that you should think tomorrow you wake up to see your bitcoins vanished. not just price down to zero but your wallet disappearing. for example a fire in your house and your paper wallet burning. or simply the exchange you were using scams you and runs away with all your money!
Are you an irrational investor? what do you do to avoid being one?
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specially since the number of unconfirmed transactions has grown a lot, i keep reading different people say bitcoin miners have switched over to bitcoin cash.
although that seems like something they may do because of the lower difficulty and the current ongoing pump, but i can not see any change in the way bitcoin blocks are mined! there is still the same time between the blocks as before with same ups and downs. the hashrate also looks the same!
so what is it that i am missing here? how do you say they are switching?
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so i was wondering what would be the criteria for calling an altcoin a "shitcoin" based on the bugs that it has or base on the amount of money that is lost due to those bugs? maybe 1 bug leading to millions of dollars is enough? or maybe if a project has 1 bug every 2 or 3 months we can call it a shitcoin? and this is why i am wondering about this: another ethereum bug and another millions of dollars lost. how many times is it now? 10th or 12th? |
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Full disclosure: I created the $1MM SegWit bounty. Now that Bitcoin has activated SegWit, this bounty is no longer needed. That's all! ??
[....]
Well, I wouldn't risk a $200MM (at that time) currency with a risky upgrade if I didn't believe in it myself.
Litecoin never had any ICO, it never had any premine, Charlie Lee never had any advantage over others to get more coins. he either mined them like others or bought them like others how many other altcoin developers can say the same thing? how many of them even care about their own project to "buy it"? this is what we need in altcoin scene. developers who care about their own project at least. not more ICOs, more premines and more developers who look for a way to make more money fast. |
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we are past the timestamp now and in the fork territory, but the question is how will the fork happen? is there any place to monitor it?
because in order for this hard fork to happen they have to build the first block after this time with more than 1 MB size.
the problem is that the transactions that we are currently making in bitcoin are invalid in bitcoincash! and there aren't anybody to make any bitcoincash transactions. people are still scared of downloading their wallets which are signed anonymously.
and also most of those who understand it, are first wanting to move their bitcoin and then import the private keys there!
so there is no tx on BCC, how will it reach 1 MB? even if they mine a block with low hashrate after hours and still don't reach 1 MB+ they have to reject it and mine another for another hour!
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you have already noticed that the Manipulation has begun. the whales have dumped a very large amount of bitcoin in less than 20 minutes. this is never normal in my books.
the first 20 minutes of Bitstamp shows nearly 1000BTC dumped at once.
the last squeeze to get all the impurities aka weak hands out is getting real.
what will this dip be?
please vote
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i don't know how to set the Poll for less than a day but in about 15 hours SegWit will be locked in.
so lets vote on how much do you think price will be by then.
just for fun.
during the time it took me to make this topic price went up about $100, LOL
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a couple of days ago there was a flash crash in ETH-USD market on GDAX which caused about 800 stop loss and margin funding liquidations and led to ETH go down to and stay at $0.10 for some time. if you are one of those who have been affected by this, good news is that GDAX is going to establish a process to credit your account the amount you lost. read more about it on their blog: https://blog.gdax.com/eth-usd-trading-update-2-216a3b946ef6 |
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 i don't know if it is too soon to open up the Champagne bottles or not but it seems like we have some light at the end of the tunnel as SegWit is gaining an overwhelming miners support with the segwit2x proposal https://coin.dance/blocks... and the moon in 3... 2... 1...  |
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what do you think is happening in the market, to be honest i no longer have any idea  i can understand big coins (the top 10 or whatever) getting pumped. i can understand small coins (the rest to 100 something) getting pumped. but what i can't understand is why and how the hell are they pumping the dead/forgotten coins! and the volume is HUGE by the way... if you look around at coins that have been dead, abandoned, and with prices that were ridiculously low like 1 satoshi, ... these coins are getting pumped these days! the latest is Pandacoin (PND) it doesn't seem to be as big as others such as MOON and HTML5 but it is 400% rise so far!!! |
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i don't think there is anyone that is unaware of the altcoin pumps that is currently going on. in this situation there are a lot of false information being spread, most of them are big obvious lies that are simply shows their desperation for more newbies to give them money. most of the news sites will publish anything, they don't care about authenticity of the news. they just care about money and how they can get more of it. right now there is a new circling around saying "Google" has started investing in ethereum and its ICOs! i can't even put to words how ridiculous this sounds, google investing in a centralized not-legal ICO cryptocurrency! and here is their source: https://www.crunchbase.com/organization/golem-networkwhich was showing Google as the investor in this ICO! now after some time has passed and the news is spread, some random guy went ahead and added some more entities to the list to ridicule those spreading this news, we can expect Bruce Wayne (aka Batman) soon invest in Ethereum and its linked ICOs too:  here is an archive: https://archive.fo/BdeU9have fun... |
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usually when some big news like this is around in the altcoin market, prices rise before the news actually come to pass (meaning before SegWit even activates!) then price enters a bubble, and this two have already happened. price has gone up from 0.003BTC up to 0.022BTC and that is a 633% rise!
and again usually prices get dumped hard when the news actually comes to pass. meaning when SegWit activates as whales dump to create some panic sells and take more profit when they buy at the bottom.
so lets hear your short term predictions here.
do you think Litecoin is going to be any different in short term (the following 24 hours)?
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this has been second time that i made a deposit to some address and despite it having lower fees than what it should have, the transaction gets confirmed super fast. (i am withdrawing from my exchange, they are including lower fee not me ) the transaction i made was a payment to someone. the address clearly belongs to a service 99% sure it is belongs to an exchange although couldn't find anything on walletexplorer. the transaction had ~100-120 satoshi/byte fee (other times it had small fee also) and it got confirmed in 3 minutes. current suggested fee according to 21.co is 220 satoshi/byte so here is my question: is it possible these exchanges go though different channels to get their transactions confirmed faster? i am not going to share my tx ID because of privacy reasons but the block was mined by BTC.TOP if that helps. |
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