i prefer staying away in case of a fork. so i will keep all the coins that i have in cold storage and stop thinking about it. probably i am going to come back after things settle down.

although i serious doubt we are going to even see that day.

to this day i have not yet seen any investment that can both give you good profit, risk free and also be legit!
it seems like these don't go together.

there was cloudmining a long time ago when there ware some legit sites around, but even then the profit was not high.

i don't mean to disappoint you but you need to do something yourself to make profit, like trading or starting something on your own.

at this point the $1500 will take a bit longer time, because of the fear that was created in the market this time, people are going to be more cautious and that will make the rise slow down a lot.

i am sure after this downtime period we will see $1150 price again but get stuck behind the $1200 wall and breaking it will take time. but after that, things will be more smooth again.

well this is what everyone has been saying "bitcoin is volatile" .
what did you exactly expect, an always rising market? that is impossible. price rises and falls everywhere not just in bitcoin. look at some real markets, some of the old ones like Gold. you'll see. the $200 drop and generally the reason for it being big is that the market is still small the orderbooks aren't really big. the orders placed on them can easily be eaten into by a couple of sales and worst of all is that market is filled with newbies who panic.

unless bitcoin dies the price will always recover from any kind of drop.

and "dying" means having a horrible and unfixable issue that i can not even think of, because any bug like even in the way signature are generated or in sha256 can be fixed easy.

bitcoin is still the same good thing that is being used and adopted everyday.

this morning i was wondering how many more times this process of "FUD, dump, more FUD, buy back cheap coins, rise" can be repeated and how smaller the swings are going to get!

just some food for thought.

as i told you, if you want to know yourself you need to know programming (python for the most part) and go through the code.
here is the link: https://github.com/spesmilo/electrum
otherwise i am afraid there is no other way, other than trusting other people's judgement.

of course you can always ask/pay someone whom you know around you to go through the code and check it for you.


this is the only way that "you can think of" as i said above you should read more about basics of how bitcoin works.

well things are pretty volatile right now and as i said it is pretty weird these days. i am all for holding and enjoying the long term ride upwards but also times like this are too precious and rare to miss when price dives from $1200 to $930 based on nothing but FUD you know you must buy bitcoin even if it means taking a loan

Today was great, i noticed it at first when i received a payment with a low amount of satoshi/byte and it was confirmed fast in the next block and then i checked blockchain.info and to my surprise it was showing a small number as the number of unconfirmed transactions

i wonder how long this is going to last?

haha, it is $1050 again
things are so weird these couple of days an i think they will continue being weird for the time being. we may very well see $1200 until tomorrow morning when i wake up

- Electrum wasn't created yesterday, it has been around for a couple of years.
- it is open source so you either have to know programming (python mostly) and go through the code and compile it yourself. or trust others who have done it.
- also you can trust many other users who are using the wallet to report in case one of them lost anything because of what you assume.


i think you are having trouble with the basics of bitcoin.
what you send to the "blockchain servers" which is called a node is your public key and that is safe because there is no way of finding private key from public key.

last time you were around (and said goodbye to bitcoin ) the percentage was about 25-26% so it is about the same and besides the small changes are because it is not "hashing power" it is number of blocks mined. and finding a block is not a fixed thing (depends on luck)


there are still brainless newbies who want it because they think their money is going to be doubled if we see a split!!!

FTFY.
there is no fork, there never was and the possibility of a fork is too small at the moment.

people seriously need to check their facts. it is only 30% of mining power right now and there is no guarantee of it growing and it may never grow just like other XT, Classic, etc.

if doesn't go up it is dead in the water and if by a small chance it goes up and reaches the majority consensus and fork happens properly, there will be no other chain. there will only be one chain. and bitcoin will continue on.

it doesn't matter how many times you say it, they never listen!

and it is funny how a "legendary member" pretends not knowing about this and posts about it in "speculation board"!!

today was a good day
the price fall is always a good day. when i saw the drop i was anxious to buy and when i saw the ~750BTC buy walls being placed i knew where the bottom should be and started buying. haha

the time, no but the strategy yes.
it is not possible to plan the time actually since it is just a game and i do it whenever i have some spare time and some spare money to waste.
but the strategy is planable, i can plan ahead about what i want to do then i go ahead and set some auto bet and test the "plan"

whenever there is a pump going on, specially multiple pumps of multiple big coins with lots of volume, that attracts lots of traders and lots of orders are being executed each second. that means a very heavy load on the server for each request either directly through the site or through their API. and that is why they lag and go down so often.

but also there is always a possibility that they "put the lag there" to prevent some orders going through. possibly some manipulation. although i can not prove it.

but i have seen they fake disabled markets such as ethereum before to prevent its crash. and continue manipulating the price and kept it up. so i wouldn't be surprised if i found out they do way more than that behind the scenes.

not any kind of mining. if you do the mining on your own and have a cheap electricity cost you can actually make a pretty decent amount of money from it.
it depends on the electricity cost most of all but also it depends on how good you handle the mining meaning switching to the best and most profitable coin for you.
and when people say mining, they usually mean altcoin mining not bitcoin since it needs a much bigger investment.

its funny how history repeats itself and the topics remain the same, as a FUDster you don't even have to make new topics you can just bump the old one up
and the funnier part is that bitcoin is moving up without any of these bullshit predictions coming true. and in the middle of all this, only newcomers lose money if they panic.

someone needs to explain your question first!

but if you mean "what did he mean by let it bottom out first" i have to say the meaning of that is to wait until price reaches the "bottom" which is the minimum possible price.
and it is not possible to know what price that would be but when you want to buy you wait the first wave of drop and then get in, that is the least thing you can do.