Everyone involved in the cryptocurrency space is watching the price of bitcoin very closely these past few weeks. One person watching the value of bitcoin rise is the former CEO of the now-defunct Mt Gox bitcoin exchange. Mark Karpeles says he’s “monitoring the situation” as the Mt Gox bankruptcy may seemingly become solvent thanks to rising price of bitcoin.Last week a post on the subreddit r/mtgoxinsolvency detailed that “Mt Gox reached around 78.5 percent of the claims value today.” The person also asked the former CEO what would happen if bitcoin’s price makes it to 100 percent of the claims value. Karpeles appeared on the Reddit thread detailing his interest concerning the current situation. The former Mt Gox executive says because Coinlab is suing the company it really makes the claims value around 59 percent. Coinlab, the venture-backed blockchain company, has sued Mt Gox for $75 million before the company went bankrupt. Read More Here >>> https://news.bitcoin.com/bitcoins-price-rise-mt-gox-closer-solvency/ Apparently his definition of solvency isn't the same as mine. The fiat price now is immaterial to the value their customers were robbed of back then. If gox lost ~850000 BTC, they aren't solvent until they find ~850000 BTC. And we all know that's never going to happen unless someone looks under Karpeles' mattress. And this is not counting interest on the claims. If you lock up my money (or bitcoins) for 4 years, I would expect interest on them. But what matters ultimately is the definition that the liquidators have... whether Gox owes you bitcoins or a few dollars. |
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Today’s widely reported WannaCry ransomware attack is widespread, growing and has already yielded ~USD$12k in profits according to a Bitcoin Who’s Who analysis of the BTC addresses involved. On May 12 the 3 bitcoin addresses known to be receiving extortion payments show receipt of 6.49372428 BTC in 39 separate transactions with ransom varying between .15 to .30 BTC each. None of the balances have been moved to new bitcoin addresses since receipt. Read more http://bitcoinwhoswho.com/blog/2017/05/12/wannacry-ransomware-extorts-33-payments-worth-6-93-btc-so-far-today/Multiple ransom payments being received on the same address? How does the malware know which systems to decrypt and which not to? After sending the ransom payment, are you supposed to send a mail? |
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The unconfirmed transactions now is the highest I have ever seen but shockingly I do not see any complaints? Have you all gotten used to it and now accept that it will always be there? So we have to live with it?
I believe there is only one thing that is making most of us hold Bitcoin. The rising price. If Bitcoin crashed to a $500 low and was always spammed so that each transaction will wait more then 24h to be confirmed, I believe it is natural for us to run to the next best store of value. Litecoin.
No complaints? Do you live under a stone? There are complaints all over this forum. The block size is relevant more than ever now. https://bitcointalk.org/index.php?topic=1913188.0 |
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We still have a few issues which need to get solved before the bitcoin goes mainstream, Like Transaction fees and waiting times which has recently become a issue and You can't expect people to start using bitcoin overnight in their daily life, This is more of a pump which is taking advantage of the Japan Factor. we may hit 2K but there will be price correction happening soon. I am sorry to say this, But this isn't the launching time just yet.
These issues might be what are holding back Bitcoin. I see no other reason for alts to rise by 5-6x, while Bitcoin rises by 50-60%. Once these bottlenecks are removed, we can really take off. |
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Japan to offer interest-paying accounts in Bitcoin. Are they pioneers or are there any other projects of the kind? Japanese cryptocurrency exchange Coincheck is to offer the first interest-paying deposit accounts for Bitcoin. The project might have great influence on Bitcoin adoption, both in Japan and worldwide. As Bitcoin is getting increasing popular, such projects might greatly contribute to its adoption by common users. You can read the full article here: https://coinidol.com/interest-paying-accounts-in-bitcoin-in-japan/It will be interesting to see how they generate returns to fund the interest on these accounts. They could charge their other customers for margin trades. But it is tough to consistently generate revenue through these measures. |
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The price of Bitcoin is hitting new highs regularly now... and yet it is expected to continue rising. At what price would you stop buying?
I have already stopped buying bitcoins. Right now, I have my little stash which I am holding. The incremental gains that can be made with additional investment is low. |
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I am very positive that we will see $1300 again because the price from the fluctuation was climbing up again at $1200, and it's possible for the price to reach higher. We should not be worried with small dropings of price, and eventually as economy will surely move good performance its will recover again and will brought us better profit.
I hope the increased steadily with each passing day, as the price of the fluctuations is climbing again $1500 and the possibility to achieve higher prices, we don't have to worry about now, because prices will increasingly come up and bring us better than profit, which used to be at a price of $1300 did not influence on luck I hope the price just rise 5-10% per week, not too fast. It is rising too fast now. Maybe we'll never see bitcoin again at a price of $ 1300, because it's growing too fast. Even with a reduction in the price, he will not be able to drop so low. Now we will see a lot of support at $1500 levels. Of course, I won't say that Bitcoin will never go to $1300. If a fight like the blocksize debate and hard fork breaks out again, we could see a lot of negativity from traders. |
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While I was surfing online I found that there are some websites that provide that facility of double spend online.
But I want to know if they provide the option to do this with a custom fee.
These days bitcoin tx are taking so long to get a single conf.
So it will be nice to double spend if they take more than a day.
A successful doublespend is one in which you can spend your inputs again, after they are in a confirmed transaction. What you are talking about is just creating another transaction with unconfirmed spent inputs. |
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I think $2000 can be reach even before the 3rd quarter of this year if this things keep going as it is . There are lots of hype in the market specially the incoming review plus the Japan friendly actions towards Bitcoin. Now India is thinking of recognizing Bitcoin too. It is a Bull taking charge now.
Reaching $2000 is one thing, maintaining that level for a longer period of time is completely different. Regardless of all the positive aspects that contribute towards current levels, it's important that at this point a so called shake-out has to kick in. I explicitly mention shake-out because it's utterly important to make coins from weak handed people flow into stronger hands. It may sound harsh, but the sooner this happens, the sooner we can move forward, but with less obstacles to worry about. A shake out is not a one time event; it is a periodic event. Strong hands at $700 may turn weak at $1700 and cash out. As we go higher and higher, newer set of investors might come in. |
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Hi Guitarplinker. A Request - Could you consider updating the campaign spreadsheet on a weekly basis? This is one of the big advantages of the campaign (apart from the great rates and awesome campaign manager  ). If the spreadsheet is updated more frequently, it would help the campaign participants. |
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Do Twitter polls really serve any purpose?
We have seen that even discussions on Bitcointalk / reddit can get derailed on the controversial topic of blocksize. The number of blocks signaling support is a far better way of gauging support.
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If BTC's market share goes sub 50%, it would only increase the chances of a crash in the alt market. Alts are being pumped massively and there is no basis for these valuations. As Bitcoin's market share drops, it only increases my resolution to stay invested in BTC.
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We have bitcoin sellers being arrested on charges of running unlicenced money transfer businesses. No individual is going to try his luck remitting bitcoins overseas. Unless governments give their go ahead, the potential of Bitcoin in the remittance business will remain untapped.
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Do you happen to know if such application exists for Bitcoin? I mean, I know that this has already been accomplished with a cryptocurrency named GeoCoin, but I haven't seen it become a reality for Bitcoin yet. Could you imagine the possibility of tagging Bitcoins at a specific point in earth? It would encourage anyone to get a grasp at free Bitcoins by just exploring the given area on the map. This would be useful, as well as a fun and rewarding way for newbies to get started with Bitcoin. What do you think?  Do bitcoins exist at a particular point? If I have the bitcoins in cold storage and the key at 2 different points (say in US and China), what is the location of these bitcoins? Bitcoins exist only in the virtual world. |
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The last 4 years has created a shit-ton on HODLERS. That's all I ever wanted for BTC. An army of them. Mix in a million noobs with FOMO disease, and BAM. 1600
$1600 may not be the peak. If you have enough people with FOMO, $1600 could look like chump change soon.  Right now, there are a few people booking profits. The rest are just buying and holding. |
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This might be the right moment for people who have funds stuck in Bitfinex to get them out. Since the spread is narrow, you can buy bitcoins and withdrawing them to your own wallet. Avoid another Mt Gox like situation. |
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How do millionaires convert their bitcoins into dollars?
Exactly the same way as most people here do -- selling them through exchanges, or simply do it peer 2 peer. It's nothing special, really. In case they want to maintain a low profile, they will likely look for other wealthy individuals to exchange with, face to face. If they don't mind doing it officially, where they in all honesty pay their taxes, then it's just done through exchanges where they end up getting the fiat sent to their bank account. As long as your bitcoins are legally obtained and you are willing to pay taxes on the gains of selling bitcoins, there is absolutely no problem. I am sure millionaires like these don't have any problems in paying their taxes. The liquidity at most exchanges is sufficient to support such sales. |
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I agree FOMO is real. This is the reason why bitcoin price is quickly rising. They are afraid to be left behind and miss the profit when bitcoin price reach its peak. That is one nice of calling it. But all the same the price will fall not all because of speculative reasons but also because like in any economy, it expands and contracts. There is no escaping it, Bitcoin's price will fall, drop or "correct" itself. Call it whatever makes you feel better.
Definitely when price surge fast, the next thing will be correction or a sudden drop in price since those who bought before the rise will eventually cash-out and the cycle repeats. If this price increase is caused by FOMO then does it mean there are big money whales out there who are moving the market because they are afraid of missing out? I find that hard to believe. FOMO usually works on altcoins where there are many uninformed and less intelligent "investors". Bitcoin's price movement is caused by something else, maybe. FOMO works on all investors, sophisticated or "less intelligent". Bitcoin has been referred to as mass hysteria in the past. Big whales do play a part, but what is happening now is all round buying. |
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Its more then likely some people who are trying to prove that bitcoin need bigger blocks (Bitcoin Unlimited/Roger verr)?
We do need bigger blocks, but such attacks are unlikely to influence people. They are unsustainable too. Why would you continuously burn money just to prove a point? |
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Just recently Bitcoin.com reported on how the sex industry is embracing bitcoin as a payment platform. One business located in Las Vegas called the Legends Room strip club will soon be utilizing cryptocurrency solutions for its everyday operations.The Legends Room founder Nick Blomgren explains that his club is focused on capturing the attention of millennials and tech enthusiasts. The Las Vegas gentlemen’s club opens at the end of May and plans to accept bitcoin for services such as private dances and drinks. Read More Here >>> https://news.bitcoin.com/las-vegas-strip-club-cryptocurrency-daily-operations/ If there is one thing that Bitcoin cannot replace, it is dollar bills being showered on strippers. Of course you can pay for private dances and drinks using bitcoins, but that is different. Bitcoin has a much better chance in the online porn/sex industry. |
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