I concede on that point; however, as adoption increases, we are going to witness more and more increases in bitcoin's infrastructure developments and BTC price is going to continue to rise under basic supply and demand analysis.

here's my back of the envelope...  First bubble to $3-$5k.  Correction to $1.5k.  Second bubble to $12-$18k Correction to $7k-ish...  maybe all of this could occur within the next 18 months, but it does not seem likely that there is going to be enough upcoming mass adoption to sustain any bull market for a "few years"

This is a low move gmaxwell attributing the drop in price with these statements coming from Gavin. I know people that have spent a lifetime doing price analysis, and they would never be so specific and certain in their conviction that such a singular event would have caused this. You are a smart guy you really should know better, unless you are now also claiming to be an expert in markets? This is not the first time I have seen you use such manipulative fear mongering tactics. I can not prove that you are being manipulative without knowing your motivations and the level of your sincerity. However I return to the thought that you really should know better.

This statement by Gavin is exiting, it is good to know there is activity behind the scenes. After all there is a very large group of people now that do fundamentally disagree with the direction that Core is taking Bitcoin into. There are irreconcilable differences in ideology which do need to be resolved one way or another.

A.Miners should decide which transactions are valuable enough to process, B. not a central planning committee. Especially not a committee which is dominated by a for profit company which was explicitly formed to offer a "solution" to the "problem".

i think every bitcoin software whether its SPV, SW, LN or core all check every transaction before saving to file or relaying.

relying on someone else to do checks, to trust them when they say everything is ok, and only double check when they say is wrong seems a little backwards

typically an honest dev will barely understand or test how malicious users exploiting the weakness of the system.

[quote author=Yrpapyrtersplooz

>Who do you think controls the stock market ? Not the retail investors...they are just pawns in the game!
It's a cat and mouse game between regulators and people finding ways to circumvent regulations. Been going on forever, both sides have great arsenals.
What you're seeing in BTC markets is, all of a sudden, the regulations are removed. And every scheme from the turn of the past century is suddenly new & fresh again, nothing to stop it.

That said, the retail [I'm guessing you mean 'small-time, Joe Average' investor is always at a disadvantage. That's why real markets have notions like 'accredited investor,' to save Joe Sixpack from his own ignorant greed, from having his ass handed to him.
This, BTW, is also the reason behind regulations against Three Card Monte games -- your Saurian Overlords don't want you to go broke 'calculating risks for a living,' & ending up on Welfare

Meh. I don't really see a cup and handle in the 6H/4H. Just noise.

I see this in the 1Day:

I also see that we have broke the down trend in the bigger picture as of September.

Which chart are you looking at? 1Day?

Every night for Westerners 3AM-4AM CST (5-6PM Hong Kong Time (HKT) provides activity. If I were more efficient yet, I would've shorted the 375 exit. My short money was on a 385 exit. All the FIB lines pointed toward it. Now, when you get some skiddish bears with a monstrous pocket. It's like riding the tallest roller coaster in the world. My short standards were set too high I guess.

I can most certainly see this is the bottom though. Head and shoulders drop off line rejected. Willy says up. This was just a small correction in the rocket's course.

BitPay is fine, they will probably end up needing to hire again soon....

How is stamp/finex $40 over Huobi? 

Normally its the opposite

Yep, losing steam alright, all the way to over $460.

The people getting hurt are the shorters and those who sold too early.

Of course we'll have corrections along the way but this 5 month old uptrend is far from over.

There are enough miners and speculators that will take profit at some point. It can not go up forever.

Because I believe this has run out of steam, and a correction (amplitude unknown) is due, but for now the little triangle broke up.
There is a bearish divergence in MACD in 1h and 2h, and soon the 6h PSAR (and then 12h) may flip to bearish.
Without the little pump that corrected lower than the start point, we would have an hour or two till the correction.
With the little pump, if there's going to be a correction, it will happen again while I'm asleep (I hope not).