I just checked with my psychic and she told me to buy at $821.71. Oh, she also told me my dead father never loved me and my wife is fucking the next door neighbor.
Who needs a wife or a loving family if you got bitcoins? Especially at low price! But to answer the question you have to take a look at the big picture. Currently if my information are correct, miners need on average a price higher than 700$ to make profits. It means that normally the price shouldn't sustain for long under 700 otherwise miners gonna see the shit hitting the fan. But 1100$ made no sense it was a freaking pump ^^ I would say 700-900 is the trading zone now, after it stabilizes, probably at around 850 ish, we are going to stay there for a while and the lateral rise will continue. Take a look at the all time graph with hourly increases, the uptrend is still healthy, it was indeed a pump, then some people panicked and sold at the fast rise. We can't never know what exactly triggered it, some say the Chinese bullshit news, other a Coinbase hack rumor... we can't fully know. |
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What is happening right now with the value of Bitcoin can all be partly traced to China. Chinese hold a big portion of the quantity of Bitcoin now circulating globally...they can manipulate its value and whatever they do that can affect Bitcoin will have a direct and indirect impact on its market value. Not to mention the fact that pronouncements from the China government in relation to Bitcoin can send the value of Bitcoin tumbling down or rolling up.
And this leads me into thinking...is Bitcoin now tied to China and is there something we can do about it?
We already know that the china thing was just a rumor and was nothing to worry about, but even then it caused panic sell. "Sell the rumor..." it seems still applies, but the real question is: Would it have corrrected anything without the china government crap? Who knows, it may or may have. The conspiracy theorist in my thinks that this was planned by the chinese government, they knew they would crash it, so they shorted positions then they made the shitty announcement of literally nothing happening other than warning about how unstable bitcoin price can be. |
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Gmaxwell and others have been advising against brainwallets for a reason... they are not and will never be safe. Just get bitcoin core and backup your wallet.dat, it's the best way to go to avoid weird shit from happening.
I guess electrum is safe if you like that route, but i feel safer with core. Also worrying about this thing is like worrying about the chances of a big asteroid hitting earth and destroying it... it can happen, but the chances are so slow that it's better to not think about it to avoid unnecessary stress.
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I get passive income from rent heavy equipment, I have 3 units loaders and 5 units forklift, I rented out to several factories located close to where I live. Every month I get enough income and I not job. Everyday I just visiting heavy equipment that I rented out, buying spare parts for maintenance, and make sure everything no problem.
Then it's not total passive income.. it still requires supervision of the machinery, seeing that everything is working so you don't rent something that is damaged or not fully functions which would lead to big problems with renters etc... I think the only real passive income i can think off is renting parking spots. You have a parking spot and you rent it so someone so he can park his car... that's about it. It doesn't require any maintenance, it's just a space made of asphalt and that's all. Other than that, I can't think of true passive income. |
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I think in the future the possibility of implants to pay for stuff and not only this, but having your entire financial, social security, ID... alll your government data may be implanted at birth and this data will be hosted in some sort of centralized government blockchain that will also have the token equivalent of bitcoin (e-dollar, e-euro etc... if we don't go towards a global centralized nightmare like the "phoenix" as predicted by some that is)
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We shall not hide from the difficulties. The blockchain will be 100 go before the end of winter, but nobody cares about that.
BTC has problems. Scalability's being the biggest one. I remember Mike Hearn saying that BTC has failed, a year ago. We may not like him, but the problems he talked about were real, and still aren't solved. Far from it. SegWit looked like a promising solution, but after 6 weeks, it has less than 30% support, with barely 4% gained in the last 30 days. At this rate, it will take years for SegWit to pass. Is there a plan B?
Cautious investors like me are waiting for a clearer future before buying anymore BTC, but to my great surprise, BTC keeps on going up and up. So I have the feeling that the people from China or India (or other places) who are pushing up the price just don't care about BTC. They just want to escape their country's regulations, or failing currency, and that's not good.
I got in the BTC bandwagon because I believed in a decentralized government-free currency, but those newcomers just got in because they saw an opportunity for fleeing. They might flee again fast if somehow they lose confidence in BTC.
As a rule of thumb, slow, stable growth is always better to sudden quick changes.
We have a roadmap, the core devs want to increase the blocksize, but we must activate segwit first to avoid certain exploitable glitches that could happen if we raise the blocksize without segwit, so start trying to convince miners to activate segwit. We will never get anywhere without segwit, it's the reality of things here. Of course, there are paid gov agents that know it, thats why there are anti segwit trolls, but we will defeat them. And even if segwit never happens, we still have bitcoin as a better gold with the currenct characteristics, this fact alone makes BTC extremely undervalued. A better gold should be sitting at 6 figures per coin. |
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We've seen this all before.
Now that the last hopes of a continued rally are harshly shattered by this bull trap it looks like we are in for another slow dramatic decline.
Last time it was from 700-800 towards 200, i suspect this time trend reversal may occur again around 300-350.
It was a nice run but until Bitcoin gets fixed at a fundamental level, these prices are unsustainable and marketcap will keep on leaking to superior coins.
Wrong. The current rise is way more controlled, as someone pointed out on reddit I think where I got this pic from, you can see how the angle of the current rise is way more healthy:  Also, notice the big red bar on the august bitfinex selloff and how well we resisted after lossing like 50%... the uptrend still continued. This is not 2013 all over again, this is just a break, moon trip continues. |
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satoshi aka nash is already passed... will never reveal himself. Who else would have known about secp256r1 vs secpk256k1 in hindsight? noone but him.
Horseshit! I also don't believe John Nash was satoshi. I mean sure, guy was really bright, but he was too old to code, I think he wasn't that good with computers, so how would he code the entire thing by himself? It's ridiculous. I still think satoshi is someone that is currenctly working within the core dev, probably adam back, or even gmaxwell (which may have delayed his official appearance in the community to make it seem like a different person). We will never know I guess. |
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naaaaaa . bitcoin cant replace by any other cryptocurrency . if ever they can replace bitcoin , its ok bitcoin has done to it .
Maybe Yes, and maybe No too, because we cannot predict on how long the bitcoin will rise and low and we do not know if somebody will do another coin and hit the high price as bitcoin does but then I guess it would be hard to beat bitcoin now because it is so in good condition and being known world wide. I really doubt that Bitcoin will be replaced by another cryptocurrency, but anything could happen. There is no way to predict what is going to happen and it would take a really long time for another coin to just get near the price Bitcoin is at now. It will never happen unles someone finds out a holy grail that solves all the problems of PoW (proof of work). PoS (proof of stake) is shit so all the coins based on that system are out of the question, in other words we are going to need something completely new, and right now, I don't see how this is going to happen. Also have in mind PoW was invented in 1997 by Dr Adam Back and is still the best we have for a solid crypto. |
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Looks like people start getting really nervous when $1000 hits. It starts rallying, then it corrects, and after it goes below $1000, the people that still hold no coins or shorted/sold above $1000, start buying it back and it hits $1000 back... looks like a solid resistance is being formed around $1000. This would be good. Once bitcoin demonstrates that it can recover from such a massive crash and keeps getting $1000 the new psychological floor will be stablished at that value. It would be good if we can spend a couple of days going up and down around the $1000 spot.
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During the history of humanity there have been wars for various reasons. Religion, race, energy sources etc. Will there be cyber wars for bitcoin under governmental control? The one with the money has the power. Those who want to keep this power will always want to chaos.
What do you think?
I think it's actually not that far fetched... the government is not going to simply sit back and relax as bitcoi nand the crypto anarchysts take away all government control over the monetary supply, they will hate how people will use bitcoin to bypass the Fiatcoin or whatever they release in a decade or two in order to get rid of physical cash... I predict it will not be a smooth transition. I hope im wrong but I think we may see big inside jobs to blame terrorism on bitcoin. Of course, im not delusional like some of those alex jones idiots that think every single terrorist attack is an inside job and some of them will use bitcoin, but im also not naive and I think the government is capable doing that in order to promote an anti bitcoin policy... we will see, and we must be ready by then. |
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Don't worry, it won't happen either way. It's already declining rather fast.
The best way is not to look at price at all, but at the number of transactions, that's what determines success imho.
How is it declining fast? we are only 20 dollars away from being at 1000 dollars again... it has resisted the massive correction pretty well in my book. Also, let's not be naive here: price is extremely important. We need a good price and we need the price to rise over time. The higher the price, the more money that is being trusted into bitcoin being a potential safe haven. We all know as it is today, bitcoin is a poor payment transfer anyway, until we have lightning network bitcoin is gold 2.0 and the "currency" part is just an extra. |
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By the time 10k hits, all those fudsters are not going to be around anymore. It would be too much for them to accept the fact they were wrong and keep fudsting for so long. They will stop posting eventually and leave through the back door abandoning their accounts.
nah. they'll still be around. gold has no shortage of vocal detractors and that's only a few thousand years old. they'll always be with us. I guess so, but I don't know a single person that has been trash talking gold since gold was like what... 10 dollars? I mean imagine how many years of frustration that would encompass for the hater. You keep hating as the price keeps proving you wrong? What's the point. Kwukduck has been around for some years already tho.... but I think he will eventually give up and new FUDsters will take his lead.. or maybe he changes his account to not face defeat. |
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I would doubt this is true. I believe that coinbase was having some issues with their system capacity when many people were trying to access their coinbase accounts at once.
Well, it better be the case, otherwise the will go bankrupt... or maybe not, but that's what they deserve, specially after all the IRS fuckery and so on, which is expected but it still pisses people off, specially with Brian Arrstrong has been attacking core, shilling classic and other crap, shilling alts like ethereum and being anti segwit.... fuck those guys. We really need decentralized exchanges soon. Hopefully with the LN we can have fast velocity decentralized exchanges, this "hacking" bullshit needs to stop. |
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Why it seems that bitcoin is most active at night in the US eastern time?
I wake up at 4:30am to an alarm from my phone telling me btc dropped from 1120 to 1050 in a matter of minutes. Then i stay awake for about an hour buying and selling during the "volatility" and place a buy order when i see that the price seems stable at 1100 and go back to sleep. Then i freaking wake up again 3 hours later after hearing my phone vibrate like crazy to find the price dump to 920!! What do i do now? Hold? Or Sell?
For those in east coast, how do you deal with this volatility during the early hours of the morning???
If you can't take this level of volatility simply put: do not be involved in bitcoin. Bitcoin is not for the faint of hearth, extreme volatility is expected. Marketcap is small so big swings will happen. If you can't take swings up 200 dollars up and dollars down then you will not make it long term. Chances are you will get trapped panic selling in one of the dips and you will not be able to buy back, or you will buy back at a loss and after a couple of times of buying back at a loss you will end up bankrupt. Buy ever dip and hold long term, its the only thing that works, everything else is a casino gamble. It went down but it could have continued going up to 1500. Right now is recovering again. |
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This is very sad. I just went to the comfort room for a minute and when I came back bitcoin is less than One thousand dollars. What happened? I am expecting that it will climb up more but it shoots back down.
Can somebody tell me what cause this recent price decrease? I am troubled. Hope it will climb up again to 1000$ the least.
Probably a lot of people that bought at 1000 dollars are panic selling because they are pussies that can't wait for the ATH resistance to be broken, so we are going to keep selling dips but we will be soon at 1000+ dollars trying to break the ATH again, and the guys that sold at sub 1000 dollars will start crying again. Has been happening all the way up, and the people that made the most money were the ones buying all the dips and holding. |
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It would actually be insanely hilarious if the price surpasses his amount of posts. He has been postining nonstop the most ridiculous FUD possible, always claiming bitcoin was dead at the mere decrease of the price, im sure he already posted how it was crashing when it went down to 1068 a couple hours ago and we are now back sitting at 1100+, the fudsters never learn. Rumor is that kwukduck sold his coins for $10 and has been salty ever since.
It's going to be a loooooong ride to the top. Years. Not too late to jump back in. guarantee that when btc is 10k, you'll have so many people wishing they bought now. By the time 10k hits, all those fudsters are not going to be around anymore. It would be too much for them to accept the fact they were wrong and keep fudsting for so long. They will stop posting eventually and leave through the back door abandoning their accounts. |
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It seems orderly compared to the second bubble in 2013.
Indeed, it looks really good to me. We have had heathy ups and downs along the way. Notice that the graph OP posted is an all time graph from 2012 to 2019 (so it fits entirely) and with the 1w increments everything is going to look really sharp, but still the angle seems to be a 45 degree one while the first one is a straight 90... i dont see why this can't be sustainable, it is compared to the last rise. I think people expecting a massive drop are about to get shaken out of the game. |
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I think it's a good find, but that book as far as I know does not introduce the concept of a cryptocurrency and all the intricacies what make bitcoin such a breakthrough. That book is probably considered prehistoric in current cryptology developments, but definitely worth reading it to put things into perspective. This does not disprove that they arent satoshi since anyone could be satoshi until proven otherwise. too far fetched.
the thing is the cypherpunks have been trying to solve the double spend issue for decades.
blockchain was not new to 2008-2009 or satoshi.
proof of work was not new to 2008-2009 or satoshi
ecdsa keypairs was not new to 2008-2009 or satoshi.
all together there are atleast 10 things that make bitcoin what it is..
all of them are not new to 2008-2009 or satoshi
what satoshi done, was be the person who was the genius that patchworked all the things together in a way that works beautifully.
and no before you try, although adamback 'invented' proof of work in 1997.. does not make adamback satoshi either
satoshi did work with others and bounce idea's off other people.
satoshi did also take other peoples idea's
this is no secret.
but satoshi was only one person. only one person used his pseudonym
How do you even know satoshi was only one person? as far as I can remember, satoshi used to, and tor's ips are shared with the rest of the users and constantly change, and just on this forum alone a ton of people use tor, so it's impossible to prove that satoshi was only person. Even if he was the only person posting, he may have had other people working for him too. But ultimately we can't prove nothing, it may have been a single genius too. It's cooler to think not gonna lie. |
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Does that thing even have a wallet? I was considering using USDT thing in Poloniex to try to play a bit with some bitcoins on the dips, sell then buy the dip using USDT so I dont have to give them my god damn profile picture ID and other data which is ridiculous, using USDT you could be able to remain anonymous, but of course, there is the big risk involved of holding your coins in an exchange while you trade. I never do this for more than a couple of days, and always keep them locally.
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