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I've noticed that whenever there's a difficulty readjustment in bitcoin, the mempool becomes filled with transactions that very well could be spam, and at the same time there's a dip in bitcoin and there's a pump on bcash. This is probably Roger Ver's manipulation once again, trying to fool the public into thinking it's CME bulls or something.
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Now that we've had CBOE for a week and CME for a couple of days it's safer to make a conclusion, and it's clear that futures haven't had a clear impact on the price. The current dip is just normal behaviour of the Bitcoin price which tends to dip during price discovery after an all time high and re-test previous resistance points. I haven't seen an stampede of bulls shorting at all.
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In case you didn't notice, a big crash is already going on, and will likely not stop.
Other superior and green crypto are rapidly taking Bitcoin Cores place.
Bitcoin does not scale. There are hundreds of thousands of people waiting for their insanely expensive transactions to be confirmed.
Most of these people will realize Bitcoin Core project has failed.
kwukduck strikes back! why did I miss this? a fantastic return. Im sorry but bear markets don't work that way. If you call a bear market, you can't be having a $20,000 all time high days after your call. Therefore, another kwukduck bear prediction goes into the trash. It joins a never ending list of failed bull market calls. Realize that by the time you are right... it doesn't count! your ratio of bad calls to correct calls is now absolutely fucked. You would need a lot of correct predictions to have any relevance... not going to happen. |
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Join Form: Signature campaign Bitcointalk username: oblivi Account URL: https://bitcointalk.org/index.php?action=profile;u=381345Rank: Hero Member Starting post Count: 1356 (this one included) Date of Join: December 17th Bitcoin address: 1Fw1YqVCQAPj1yjdaRoz5YmgPGsUkVWRw5 previous bounty: https://bitcointalk.org/index.php?topic=2494912.msg25860418#msg25860418Edit:
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Bitcoin scales another fresh peak, likely to hit $20,000-mark soon There is nothing new with this, i dont know why you are posting this like a "premium" notice because it is not , everybody who has a little experience and has been introduced in here really knows that bitcoin has that potential. It will probably be touching those rates before christmas, or even before. Just remember that the price did a huge spike recently, but it dropped too, so it will probably be touching a new all time high sooner or later. But tell me, arent you satisfied to see bitcoin over x15 since the beggining of this year? because i am. Well, this is the speculation subforum, we can have fun speculating, that's what it's all about. And when it comes to the $20k mark, im confident we will. Since we broke the double top, im not worried about the current dip, this is just another chance to accumulate before the next bull phase. When double tops get broken, the sentiment is bullish, and dips that after that are just whales liquidating shorts before the new all time high is hit. Give it a week or two. |
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You have a legal contract that is telling you that you are just acquiring a bitcoin or whatever your are buying only that *indirectly* You can not be scammed by the CME or by the CBOE... I only feel safe if im holding the private keys of my bitcoins. The futures are nothing but some contracts in some computer, it is a distraction to me, the people involved don't even hold the underlying asset.
Everybody who is investing in futures are the lazy ones who are not even capable of creating a wallet or just an account on any exchange who has short/long positions.. Or just any broker that is safe enough, they all have short and long positions. The only way you cannot be scammed is if you hold your own private keys, because it's the only way to know that what you hold, will not disappear (given proper security measures taken). It's obvious that the trust on bitcoin itself is higher than the trust of a government delivering on their promises of paying futures which are cash settled and nobody holds the assets. If CME or CBOE end up shorting bitcoin and they end up on the wrong side of the stick, they will face massive loses, who knows if they end up not being able to pay market participants to avoid systemic risk (they would end up needing to prints lots of money to cover losses, and they may end up screwing participants to avoid that). We've seen deposits over $100,000 not being covered in banks before, I wouldn't be surprised if they end up defaulting if they need to.. As I said.. just hold the bitcoin, trust code, not promises. |
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I only feel safe if im holding the private keys of my bitcoins. The futures are nothing but some contracts in some computer, it is a distraction to me, the people involved don't even hold the underlying asset. If there are fluctuations in the price if I hold through it. Also you need a special verification to be able to operate with futures if im not mistaken, which I don't have anyway. |
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Double top definitely broken and now we are at all time highs again at $17400... bears lose again. Proudhon continues waiting to get back in at $15 a coin or whenever he sold his stack. Now we are going to see higher highs and this thread is already outdated. If you call a bear market, you CANNOT see an all time high after your call, your call gets invalidated the very second a new ATH is reached. Sorry OP, better luck next time.
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 First stage of KARHU accomplished. See you in a few weeks  Im seeing you right now:  Nice bear season you got there... im sure you bought at $12,000 and are now up big time right? Or maybe you didn't buy back in and will now disappear again into the woods until the next "crash"? Seriously, bitcoin bears are the worst group I've seen in finances, they announce doom is coming a bunch of times, never get it right, and eventually get it right and think they predicted anything. Can't wait to see your excuses at the all time high. |
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Not only slow, it is also expensive. Maybe the developer of ETH is planning to change the minimum gas price per transaction now since bitcoin's market value reaches new high at 18,000 USD lately.
But if this is just coding glitch, i hope that it will be fix very soon because my transactions in ETH are almost dead.
Vitalik was working on Raiden which is similar to Lightning Network, but im not sure if it's as good as Lightning Network, or a worse quality workaround. And don't forget the cryptokitties stuff is happening on-chain, ETH can't never get around this problem, it is too complex on-chain, by design, making it a mess when it comes to being conservative on the blockchain size.. |
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Is there a problem in ethereum because all of the transaction is very slow. It almost take 2-3 hours before receiving the sent tokens. What is the cause of this issue? is this related to the dump price of eth
Seems like you arent informed on the recent updates or happenings here on cryptoworld since people already talking a lot regarding on this issue on slow confirmation on eth network and thats just because of the new game which is cryptokitties which you can actually find lots of threads here regarding on that stuff and the conversations of people towards it. If you can pay up more gwei then it would be more faster but i dont think it would really be worth off. And what's funny is that Vitalik Buterin has too much of an ego to admit that his network is begin flooded with virtual kittens: https://twitter.com/VitalikButerin/status/937628849084309504It was a mistake to give access to such apps at layer 0, but he will admit it I guess. People holding big sums of money on ETH are a bit crazy. BTC is risky enough and you can still get rich from it. |
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Also, is it my imagination or is zerohedge assuming an anti crypto stance of late? It seems as if someone is pressuring ZH to publish news stories which criticize or attack bitcoin which is interesting.
Zerohedge has a varied output on crypto. I guess Zerohedge is a team and "Tyler Durden" is a bunch of people. Sometimes they say Bitcoin is the second coming of Jesus, other times they say it's the devil. It's pretty confused for anyone used to reading a website that only has one side. What is a permanent is the comment section. It's filled with clueless old goldbugs that have been watching BTC fo up since the beginning, and they are still in denial. |
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~snip~
manipulating the bitcoin market by 1% does not make sense and totally worthless at all. you cant get any incentives just by doing this kind of insane idea and you would'nt really notice if your manipulation is a succes or not due the fact that its only 1%. You need a lot of money to manipulate the price of bitcoins. Hence difficult and only billionaires just do it. Similar to BCH that Roger Ver's price is successfully pumped. He sold his bitcoins so that the BCH would increase the price so we have seen recently the rapid rise. Of course, when he earns. Surely many people will be affected.
lol, op is talking about 1% only and not the whole market. there's nothing difficult about it and you can still do it even if your not a millionaire. You can't move Bitcoin by 1% without several millions. The volume is way too high for that. Well you could move it by 1% on a single exchange, but to move the whole market by 1% u would definitely need at least tens of millions of dollars. Back then we saw bitcoin absorb a 30000 BTC massive dump without major problems: https://www.youtube.com/watch?v=-uX_bB_4VJkNowadays the liquidity is so big that you would need a ton of money to create a manipulation worth paying attention to, and that is exactly what governments are doing. Tey are scaring noobs away, and taking their cheap BTC on each dip. They don't want people to be holding BTC on it reaches $1MM a coin. |
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We all pride ourselves on bitcoin this and bitcoin that.
I just set a very low fee for transactions on my electrum wallet. It's so low that is been hours and not even one confirmation yet. I assume that it will take days.
With this low fee, I had a look and it cost me .00041 btc for transaction. 8 dollars. Hahaha. Wow. Explain to me people, how is it better to use crypto currencies? Transaction taking days with a cost of 8.90 Australian dollars.
That's just pathetic.
Going back to Western union and bank transfers.
If you are comparing western union to bitcoin and you have no problem going back to it, then your goals to use bitcoin where never aligned with what bitcoin is. If you still don't now how any of this works, give it a couple of years and then come back. Once every website on the planet accepts bitcoin payments through the lightning network nobody will be complaining about any of this anymore. |
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The bitcoin price is set via supply and demand in the market, I think it can deviate a lot from hashrate. If someone is willing to pay $20,000 for a BTC, then that's the price, and then miners will follow the price or not, usually they will because they don't want to be sitting upon their ASIC machines doing nothing. It's yet to be seen too for how long miners keep juggling with their hashrate from BCash to Bitcoin back and forth too, or if any other real competition in the SHA256 realm happens. Im not worried about this tho, I think the mining industry will keep following the price as it goes higher and new players will enter the market (non chinese).
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A bear market will eventually occur as bubbles always end with. But for now I think the trend will still be bullish and rallies will keep on coming. I can't see why bitcoin cannot skyrocket to up to $25k-30k still from this point considering how bullish people are and how willing they are about buying bitcoin now compared to 2 years ago when price was cheaper by a mile.
It'll be interesting when the crash happens, though.
As you said, family and friends are now dying to buy bitcoin at 5 digits which worries me. They ain't prepared for a crash.
This is the problem. We've had people like OP thinking they are geniuses calling tops for years, and higher highs keep happening. Nothing guarantees that this was the top. It could be another of these breaks that bitcoin takes for a while, only to hit higher highs at the end of the month, then another monster bull to $30k, and eventually, it crashes and the floor was what was considered the top buy people like OP, and they end up looking like idiots (once again, lost count). Therefore, simply hodl. |
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So basically the OP hast 135 subscribers on his channel and opens the tenth thread this day with the same topic. It used to be that people had some weight before... weighing in. Not spreading fud, just choosing a clickbait topic title with big in caps.
All of these youtubers have been trying to call the top and they all have ended up making a fool of themselves as bitcoin reaches higher highs. I've seen pretty much every trader on youtube (Chris Dunn, Tone Vays, "Coin Mastery"... the list goes on), all of them called tops, all of them got proven wrong. Lesson to learn: never call a top for bitcoin, or at least admit that you could be wrong instead of trying to sound like a prophet. |
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Surpised to see how prodhoun, kwukduck and the rest of people announcing the end of bitcoin since years ago haven't hung themselves up on a tree yet. Oh well, I guess one day you will be right, but that day nobody will care, because it will be impossible for anyone with half a brain cell to be on the red, then when the next bull run starts, holders just keep getting richer as usual.
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Cracked it! HOLY FUCK!  This reminds me of what people used to do in 2011 (or was it 2012) during the $30 dollar bubble when they found out their old wallet.dat files, and the first thing they did was to send them to Mt Gox and sell them for fiat.. needless to say how much everyone that did that regrets now. Even the ones that sold at $1k regret now. You will regret selling your tickets to richland (since 21 BTC puts you into the elite group of less than 1 million people to ever hold that amount) in a couple of years... but if you really needed the money, I guess good for you. |
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Crazy A. The whole network if unusable ATM.
This is the funniest and most creative attack on a cryptocurrency I ever seen. This cryptokitties things showcases how much of a failed experiment Ethereum is. A network that gets unusable because people start trading virtual kitten pets with it. How ridiculous. I tried to warn people that something like this would sooner or later happen, but nobody wanted to listen. Now ETH network is collapsing while BTC holders hit all time highs everyday. |
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