i am no expert but some things (i think) are obvious. for example the transactions need to be paying higher fees or they would be useless. so each paying 200-300 satoshi per byte. now multiply that by the number of transactions in the memory pool (60K-100K) or better multiply by how many of them are confirmed (which is more than that number) and you get the cost.

with that cost you can see who can or can not do it.

as other resources, this is obviously an automatic process. so some programming skills and a server is needed.

speculation board needs a tag system (something like those little coins during April fools day).

tags saying all the bullshit or correct calls people made. i wonder how many accounts will be abandoned because of being full of it on many occasions if such feature were to be introduced in this board

the thing is, to a newbie what other people say always seem to be right. but to someone who has been around for a while and has seen things, no matter how hard you try to make what you say "right" it will never be. and it will never be forgotten when you are actually "right" as it won't be forgotten when you are actually "wrong"

but remember that sometimes going all in is what it takes to change your life. i am not suggesting it but that is something to consider. it is a high risk, high reward type of situation. you find some good opportunity and do your research and analyze all the risks. if you find the reward worth the risk, then going all in can change your whole life for the better.

imagine buying 1BTC one year ago at $400 versus buying 100BTC the same time which is investing $400 versus investing $40,000 which is kind of a all in.
the first investment makes you $800 profit and your money is a total of $1,200
but the second investment makes you $80,000 profit your total into $120,000

the thing is most people are new to altcoins, and they either don't know the history or don't look for it.
there have been lots of altcoins with the similar claims (e.g. talking about replacing bitcoin) and they got pumped a lot and the volumes were crazy but none of them are even around anymore.

and those who know this are silently trading and dumping these altcoins for newbies who buy them after the pump

technically bitcoin has been legal before and it is legal in many of the other countries.
what Japanese did was more of accepting bitcoin as a real currency for payments and stuff like that.

Accumulate...

apart from that you can never know anything! we may see a new rally, specially because of the nonstop positive news from Japan.
or we can start seeing another bullshit wave of parrots repeating the word "split" and price tanks.

i would say option one is more plausible.

according to my wallet and also the 21.co website right now because the mempool is full again the suggested fee is 180 satoshi/byte which means a normal user pays about 40K satoshi for a normal transaction which is equal to 48.8 cents.

and this suggested fee is if you want a fast confirmation within the next block.

there is no denying the increased amount of fees and the over-crowded mempool.

but i just made a deposit into my exchange account, it cost me 0.0004BTC fee and it went smoothly and fast.

I also renewed my VPN subscription recently and again paid a small fee like the other tx and it also went smoothly within 10 minutes with that fee.

the charts on coinmarketcap are not good at all, they are an average price of many exchanges most of which are giving far off the target price so they ruin the average. try to check the charts directly from an exchange for more accuracy.
the same thing goes for coindesk. that chart is also small and hard to study. again i suggest using an exchange charts directly from their website.
or you can use all of it in tradingview!

with the news about Japan and the fading of FUD from the bitcoin media and then the lifting of sell pressure, i think it is safe to assume that $1300 is not so far away after all.

we can see the new demand and the extra media attention to bitcoin because of Japan and all of this is leading to the current uptrend. slow but steady so far.

actually starbucks is accepting bitcoin, google it and you will find it. and there is also a lot of other smaller businesses like this who are accepting bitcoin too. google foodtruck accepting bitcoin and you will find that too.

but people spending bitcoin on them on a daily basis is the bluff of OP.
yeah you may even buy a cup of coffee with bitcoin using your mobile wallet but that will be once or twice tops.

that is why i asked him to give us some photo 24 hours ago in the first page of this topic and so far that comment was ignored.

I have always said Japanese have always been one of the biggest pioneers in technologies. and now with bitcoin they have taken it to the next level. soon there will be lots more to come and other countries will be left behind.

i wonder at what point can we start calling Japan as a bitcoin safe haven.

I would also love to see some report of the usage of bitcoin by people (like number of bitcoin users) in a month or two from now.

in other words you have been super lucky so far because you haven't lost any money in the numerous scam ICOs that keep popping up.
and you think Yobit cares, of course not. they only care to get paid from the scammer ICO owners to list it on their site and users are the ones losing money.

yeah if you want to lose money, follow the altcoin announcements from the appropriate board (https://bitcointalk.org/index.php?board=159.0) they always say what they plan to do.

and how would they do that exactly
and more importantly why would they do that.
price of bitcoin going up won't change anything in a country and the government don't care about these things. however what they care about is how bitcoin is used, meaning preventing people from using it illegally and since they can not do that the price doesn't matter because you can do the same illegal stuff if price was $0.0001

as someone who has never seen a real shop accept bitcoin can you take a photo in the coffee shop that is accepting bitcoin and share it with us?

USDT is good but it is centralized which makes it bad at the same time. but for convenience it is better.

what i do is that i have got a guy who buys bitcoin from me p2p and i do that only when i need local currency and want to sell some coins to cover some cost or something like that. other times i only keep bitcoin in wallet and trade it on exchanges and not selling at these cheap prices.

and no it is not even close to be tempting when price is so small at $1200+

if you are interested in mining not just making money, you can still check out mining of altcoins. it needs more time for researching them and finding the most profitable one for you based on your hash power and electricity cost. but it is better than bitcoin mining and can even be more profitable in case you get in soon and they get pumped.
check out coinwarz.com website for some good info.

i was wondering how many times the same pattern has to be repeated before people figure it out and see the real picture.

i mean, look at this thing, it is literary shouting at you and telling you what has been happening all along:



seriously though how many more times?

asking questions like this means you possibly have no idea what the concept of being a decentralized system means.

why is it so hard to imagine that, or think it is possible?
you know that 8 years ago bitcoin was literary worthless. i was worth 0 dollar, literary. then for a year or so it was worth less than a dollar. and then $1 and then $10 and then $100 and now we are sitting above $1000.

and you know what, if you look back at comments during the $10 or so price, people said the same thing. that $1000 is not possible.

well i admit that can be a possibility but it mostly looks like a coincidence to me. of course the adoption in Japan started a long time ago, the talk about Japanese accepting bitcoin as a payment method has been around for a long time and smart money always gets in at that time not after everybody finds out.
this rise can be mostly because of "come back" in my opinion. come back of all the money that went out to buy at the bottom again, also come back of all the money that went to altcoins that are done pumping now.

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@OP
past tense of hit is hit not hitted
and i believe in English you say price is reached not hit, i may be wrong since it is my second language.