This just proves the fact that we are still on the early stages on Bitcoin. When Bitcoin is worth x15 times what it is now, the volatility will go down, naturally, as a matter of how capital works. You need a huge pool of money mass in order to avoid volatility in a market that's decentralized, global and non regulated.

It's just a matter of time. I predict at around a couple trillion marketcap in a couple of years we are going to see less and less volatility.

Warren Buffet's Berkshire Hattaway class A super stock always goes up and down thousands of dollars, sometimes tens of thousands and more, all the time, and no one is freaking out about it. For example, this is the movement in the last few days for November:



As Bitcoin grows and reaches 6 figures, 4 or 5 movement figures will be common, and even more common in BTC since it's a global uncensorable and unregulable market. Please stop panicking about going up and down $1000 dollars in a day, now that we are a 5 figure asset it is rather normal, again specially with Bitcoin. Just buy the dip and business as usual. Don't be the guy panic sells his moon tickets when this happens. See you for the next ATH.

We need to consolidate the price around $9500-$10000 for a week or so before we attempt to break the all time high. If the all time high is broken, then we can go into another FOMO frenzy reaching these kind of prices, but I think it would be healthy to stop for a while and consolidate, ideally above $10000, but if we stay around that nice $9500-$10000 range we are still in a good position. If we keep retesting lower prices we may dip for a while until the next year FOMO frenzy kicks in again as all the idiots that still didn't buy this cheap finally do. CME, Nasdaq futures and Lightning network will make it go $50,000 by the end of 2018, pretty easily in fact.

I see $40k too, but $100k+ is a bit of a stretch. I see easily $100k+ by 2020. Lightning Network will be operative, so we will finally have global, instant, cheap crypto backed by cryptogold, at this point the wallets will be very easy to use, anyone will be able to use bitcoin, no more complains of transactions not happening fast and so on. Since the network will be backed by BTC itself, I see it going x10 current prices minimum.

I don't understand how anyone could be surprised of these things, or interpret it as FUDdish... this is the normal business as usual. If you are using a gateway of the financial banking system to bitcoin, then you are going to need to comply with the laws. You can't expect to be trading millions while the IRS does nothing about it. Coinbase asks for private details to handle them to the government. If you don't like it, find other ways, but we can't really blame Coinbase for complying with the law.. it is how they run their business.

I think it may be related. Since a ton of Tor nodes are banned by the captcha used by the forum, users tend to click on "new tor circuit for this website" until they find one of the increasingly fewer nodes that aren't been banned yet. This puts a ton of people using the same nodes to connect to the server, which coupled with the problem itself of the DDoS + increased organic traffic ends up in a terrible Tor performance.

You can always change the node once you manage to log in with another click on "new tor circuit for this website" but I think most people don't do that once they log in.

Something is definitely happening. I think it's a mixture of organic traffic, driven by the "$10000 barrier broken by Bitcoin" news in mainstream media, so people are finding this forum on google searches.

But, remember that Roger Ver and co hate theymos, they must me DDoSing it to create maximum stress and redirect traffic to their own bitcoin.com forum.

Im getting this error, which I've never seen before. Presented in plain text and white background, as follows:
 

In any case, it might be time to expand server capacity. Should be easier than expanding Bitcoin's capacity  

When I was a noob I used to have some BTC on the blockchain.info wallet. Then there was some sort of hack or exploit and a lot of people lost their coins. This is when I learned how incredibly stupid it is to hold coins in online places.

If you can't afford running Bitcoin Core, then at least get Electrum. SPV is not as ideal as a full node, but it's a million times better than blockchain.info or any other online wallet.

It is simply insane to lose your funds like that, even if you went against terms and services, which apparently he didn't. There should be a trial for these things, you can't lose all your money like this.

OP you should create a thread on www.reddit.com/r/bitcoin and expose them. Public shamming is the strongest force when it comes to big companies trying to scam the little guy. A guy with a big twitter following can do it himself, but we random small folk need the rest of the people to make our cases visible.

There is no point in buying any of the Bitcoin forks. Simply, you just buy the real Bitcoin (BTC) and then enjoy the benefits of all these people forking it a billion times, you will recieve a billion dividends which you can dump for more real Bitcoin (BTC) for free because none of the forks will ever overtake the #1 spot from the real Bitcoin (BTC).

It's like when companies split and you get shares on both companies, but the new company never wins and goes bankrupt. Before it goes bankrupt you can sell these shares and increase the stake in the original company which never goes bankrupt.

Looks like if you don't set rpcuser and rpcpassword inside bitcoin.conf file it looks for the cookie file:


From the wiki:

https://en.bitcoin.it/wiki/Running_Bitcoin

Just look on the "RPC server options:" and set it yourself inside the bitcoin.conf file that you can open with notepad or any text editor.

Max Keiser explained why attempts to manipulate the Bitcoin through these classic techniques of shorting the market after pumping it will only result in blowing their own hands with their own explosives. I think think was the video:

https://www.youtube.com/watch?v=PSIRGGR1a2w

If not then its somewhere on this playlist:

https://www.youtube.com/playlist?list=PLPszygYHA9K2kBJhK7jBEO75gQtDhspOH

It depends on 2 premises in my book:

1) Lack of forks: If people stop trying to hardfork Bitcoin controvensial ways, such as the Segwit2x attempt, or former attempts such as Bitcoin Unlimited and so on... we will get rid of a strong charge of useless FUD.

2) Lightning network becoming operative: This would solve the complains of slow and expensive transactions once and for all.

So given that we get these 2 points meet, we are going to hit $30k+ somewhere in 2018.

https://coinmarketcap.com/currencies/digibyte/

The coin presents the classic altcoin behaviour:

1) The project goes unnoticed for a long time
2) Gets a couple of bubbles but it goes back the initial level
3) It finally gets a mega bubble with a big peak and stagnates for a long time

Now the key to get back in is to know if it's indeed "too cheap" or we are going to sliding down at slow motion for months, or even years, until a new big bubble with an all time high. It could be the case, so if you buy now, you may end up bagholding for ages.

There's no point in selling bitcoin at any price, because we have never seen anything like this, therefore trying to put a right price tag on it is futile.

BTC is the backbone of the network that will make instant free payments a reality: The lightning network. By being a stakeholder of BTC, you can provide liquidity to this network and make passive income: finally you will be able to receive dividends of sorts by holding BTC, whih will make it even more valuable.

BTC is going to follow Berkshire Hattaway type A super stock type of development, once people realize these facts.

Well if you want to compare the dotcom bubble peak with the current "crypto bubble", the dotcom bubble peaked at several orders of magnitude higher than the current amount of billions invested on the cryptosphere. Jeff Bezos is worth more than Bitcoin's marketcap I mean c'mon. And this is a global market that never sleeps, we have never seen anything like this. It would be a mistake to sell now because of the $10,000 psychological barrier. We are going much, much higher during the next decade. The sky is the limit and most people will too early. Maybe we never see a peak during our lifetimes.

In any case notice how Amazon went higher than it was during the dotcom peak bubble, it's all about holding the Amazon of crypto and that's obviously Bitcoin.

It is amazing how this guy started this empire that's now the highest valued on the entire planet earth, surpassing Bill Gate's Microsoft. A single guy is worth $100 billion and some think Bitcoin is over valued when this guy alone is worth that much.

It's good to put things in perspective to think about these things. Also look at this video:

https://www.youtube.com/watch?v=6cTjhzSgdwE

A lot of people got told the were insane to believe in this guy, and now Amazon stock has made so many people rich even after the Dotcom Bubble.

Bitcoin is the Amazon of the crypto bubble (which has not even begun yet by the way). A lot of altcoins will crash, but BTC will remain and will keep making higher highs while they tell us how we are crazy now. Good times to come.

You can look at the mempool, and when it's not too crowded, then the transaction will be faster and it will be also cheaper. I like this site, I think it's the best site out there for the mempool:

https://jochen-hoenicke.de/queue/#30d

As you see the mempool is pretty nice right now to transact. Legacy transactions are cheaper and segwit transactions even cheaper. That big spike must have been one of these spam attacks because it doesn't make sense.

I have been trying to log in and the forum is super slow again, I got some of these "(504) busy, try again later" errors.

Is this organic traffic maybe driven by the price increase, or are we under attack, or both combined? I could see someone like Ver spamming this forum to frustrate newcomers that are finding out about Bitcoin through this forum so they try to access their bitcoin(dot)com forum instead, since he is trying really hard to get his reddit and his forum to be the first ranked forums.

I hope this gets fixed soon anyway, I hate when I post something and I lose the post because it returns an error.

Yes, im aware of how Bitcoin Gold has replay protection, also I think Bitcoin Gold has a different format address so it's not 1xxxxxxxxxxxxxxxxx but it begins with an A, so Axxxxxxxxxxxxxxxxxxxxxx type of addresses, so it's not as much of a mess as BCash.

But, it is still insane to sweep your private keys if the contain Bitcoins... which is why I would need to move my BTC and empty the wallet to access BTG too.

So if I do this:

1) Empty my BTC wallet.dat and send to a new wallet.dat
2) Use my empty wallet.dat in the Bitcoin ABC client to access BCH and sell them or move them to a new BCH wallet if I want to hold them so they don't match addresses (it just makes me nervous knowing I have the BTC and BCH sitting on the same private keys on different blockchains for some reason, I want this separated)
3) Use this same wallet.dat I used for Bitcoin ABC that is empty (not after accessing BCH but before) into some Bitcoin Gold wallet (im not going to bother syncing a full Bitcoin Gold node to be honest, so I may use Coinomi, since it's empty keys in the BTC blockchain and I already emptied BCH, I could now access the BTG safely)

I THINK i got it right.

But there is more: Bitcoin Diamond, Bitcoin Silver, Bitcoin.... it's a nightmare. Im tired of having to move my cold storage to access these forks.