when they said buy the dips is that now?
That's a tough question to answer. Sometimes you can buy a dip and then the price continues to crash. Other times you can buy a dip and then the price shoots up. The same applies to selling the peaks. They say to buy the bottom, but guessing at what point it has bottomed out is very difficult. People claimed the bottom was in at $270 this time last year and look at the price now. So they were right, this is the bottom since we're at 240. You don't tell me that you care about $30 now do you? 30$ is noise compared to what the future will bring us... |
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couple of hours until gemini opens.
Sell the news!  |
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That's a circular argument. Lots of people are reluctant to adopt a technology that isn't scalable. In't isn't exactly the Field of dreams. If you build it, they may not come BUT if you DON'T build it, they certainly won't.
This. I was talking to the owner of the bar I was at the other day and was explaining Bitcoin to the owner. I almost had him convinced to start accepting bitcoins for payment when he stopped and was like "wait a minute, what are the block size parameters and transactions per second?". Needless to say he was displeased that in 2 years the code would need to be changed if current transaction volume continued to increase at the current rate. He then started asking me about alt coins like Doge. He decided to start accepting Doge instead because he thought it had a funny picture with the dog and he was like "you has doges?". Ah, thanks man. Made my day!  |
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...
And if it takes 20 bucks for a tx, so be it. How much does Western Union or banks take for international wires with no privacy at all and questionable safety?
Do you rely on Western Union for every transaction (your morning coffee, etc., etc.)? Did they ever use a gold coin for that purpose? |
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I support the idea of small fee for full nodes. After all the full nodes are helping to store all the data which is growing very fast- when I first started the blockchain was only <10GB, now it is approaching 40GB.
Well, enable pruning and get rid of all the useless history! (It's like cleaning your garage and throw away all the stuff you didn't use last 10 years) Let someone else keep the full chain for future data archeology. |
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Ok, here we go.
Kraken EUR/BTC Everything on the move
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Gemini opening 8th October buddy! We could be about to get crazy. I hope we get a boost any way, we damn sure need something to get excited about.
Don't forget to sell the news... |
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By the time that happens, there will be no single miner able to mine the block alone and collect the 50 BTC fee reward.
Your logic doesn't take the increase in adoption into account.
 Explain. Imagine that in future, the transaction fee income for each block raised to 50 bitcoins, while the block reward almost decreased to zero, then every miner would become the early adopter: They can mine bitcoin exactly like early CPU miners at 50 coins per block
Even when fee reward is 50 BTC, there no single miner who can earn it. In the early days, you could mine blocks yourself, but with 50BTC fee reward in the year 2140 it will all be done by pools. Large industrial miners are solving blocks alone everyday. What is this sorcery you speak of? There is a difference in CPU miner run by one person and a mining farm ran by a company or pool of individuals. You cannot say mining will be as easy for one person as it was 6 years ago. |
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By the time that happens, there will be no single miner able to mine the block alone and collect the 50 BTC fee reward.
Your logic doesn't take the increase in adoption into account.
Explain. Imagine that in future, the transaction fee income for each block raised to 50 bitcoins, while the block reward almost decreased to zero, then every miner would become the early adopter: They can mine bitcoin exactly like early CPU miners at 50 coins per block
Even when fee reward is 50 BTC, there no single miner who can earn it. In the early days, you could mine blocks yourself, but with 50BTC fee reward in the year 2140 it will all be done by pools. |
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By the time that happens, there will be no single miner able to mine the block alone and collect the 50 BTC fee reward.
Your logic doesn't take the increase in adoption into account.
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WOW 2.5k wall at 240 on BFX. Prepare moon suits.
Moon suit has been ready for 2 years now My moon suit is partially eaten by moths... |
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I'm sorry but I don't really see the added value of yet another exchange. If I want a "clean design and cool color scheme" I'll just use Kraken.
Edit: sounds like a good time to buy the rumor, sell the news.
I thought the same until I read that they're licensed to provide business to institutions. https://blog.gemini.com/geminis-area-of-operation/I bet there are many fund managers personally loaded with bitcoin and want to use institution money to pump the price. |
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a slow but steady year on year growth of at least 10% per year is prefered. but a lot people may find that sort of growth to slow. what goes up fast may come back down fast.
Yes, I also hope that we will see a slow and steady rise. This would be preferable. I also think that some bubbles are still necessary and will happen in the near future, 3-5 years. It's hard imaginable that we wouldn't see a strong spike if we would get a surge of let's say 10 million people into the Bitcoin ecosystem in a year or so. Especially since our current user base is quite small, about 1 million users. So yes, there will be some spikes! I already hear numbers that crypto userbase is around 10 million. Which dark hole where the sun never shines do you get that 1 million number from? I don't know mate, 10 million is way too much! Where did you get that number from? I might said to low of the number, but I think also that you went a bit high! I got the 10Million from hear say. Agreed, we're both unable to give an accurate number. |
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a slow but steady year on year growth of at least 10% per year is prefered. but a lot people may find that sort of growth to slow. what goes up fast may come back down fast.
Yes, I also hope that we will see a slow and steady rise. This would be preferable. I also think that some bubbles are still necessary and will happen in the near future, 3-5 years. It's hard imaginable that we wouldn't see a strong spike if we would get a surge of let's say 10 million people into the Bitcoin ecosystem in a year or so. Especially since our current user base is quite small, about 1 million users. So yes, there will be some spikes! I already hear numbers that crypto userbase is around 10 million. Which dark hole where the sun never shines do you get that 1 million number from? |
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Completely off-topic: Anyone else being forced/repeatedly prompted to agree to a bunch of legal crap in order to do a simple google-search?
You're using tor? |
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I'm buying hand over fist. I feel like the piano man on the Titanic. But who cares, yolo. |
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Bitfinex went from 4 times the volume of Bitstamp half a year ago via 1.5 times two months ago, to a half of Bitstamp's volume the past month and a quarter the past week. Is BFX dying?  Where did you get this chart from? |
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Per capita, it's the Netherlands (by far!)  |
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I've said it before, and I say it again:
I'd rather have 10 bitcoin bought at 1000 USD, than 1 bitcoin bought at 1 cent. Buy and hold, CCMF!
This remains an interesting mathematical proposition concerning how high BTC is going to go..... and your frame at this point seems to be expecting BTC north of $10k... which well could be the case, in a few years... but a lot of us lose some of that faith with such a prolonged bear market including such a long flat period, too.... and even several apparent false restarts and turn arounds... Bootstrapping a global currency/comodity takes some time. You can't expect it to be spread around the world in one week. I fully agree, better 10 in the red than 1 in the green. |
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