You say hard disk capacity is growing exponentially? Really?
His first computer had 120 GB HDD, and today he has 500 GB. Looks exponential to me. Good one. LOL. The only thing that is growing exponentially here is blockchain size. And that is without a blocksize increase nor mass adoption. In fact, the 1MB caused the higher fees which made us all be very frugal on our usage of tx's, reduced to the minimum necessary. If it were not for the cap and the high fees I would probably be doing 10x the tx's I am doing now. Not even Segwit solves the exponential blockchain increase, but it does make it happen via Lighting Network. Yes, we fucking need L2. It's not if we like, don't like, prefer, not prefer, whatever.... IT IS A FUCKING NECESSITY. Ok, let's say for a moment we don't have L2 for the next 3 years.... And that fees remain low and adoption rate has been growing. That would perfectly mean 100-1000 times more tx's per hour than now. ANd that is a conservative figure. I will leave as an exercise to the reader to calculate how many 4TB hd's you will need to add EACH YEAR. In 2009 Moore's law still had some remaining sense.... it is not applicable anymore. Really, this is absurd. You have BCH or even Litecoin if you want more block space per hour. Or just wait until BITCOIN increases its blocksize when the time comes. It will. In the meantime you can perfectly keep using it with no worries about blocksize. |
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why dont you just admit, you prefer a 3rd party controlling btc as long as it makes you profit.lol
You wonder why...ill tell you, because if this isnt stopped then, 6months ,1yr ltr the rules will change for all of us, the fees will go up.
All btc wallet holders all exchanges will have to go by rules & prices set up by a for profit company (blockstream and btc leader samson mow)
they have already censored r/bitcoin, next it will be the tx on btc...
but as usual im one of the first to notice( eth $1, xrp 1cent)
and the rest will realise ltr what im saying...for many it will be to late.
While anyone can setup a second layer on bitcoin -and make money on it-, very few could run a bigblock node "for free". That's where your bigblocktardness fails. I live in a Third World country. My first computer, purchased in 2010, still supports the bitcoin chain. And it would even with x2 blocks. Today I have a second computer, bought in 2016, that would easily support 4MB block for a few more years. And it is to be expected in the next 5 years, the capacity and rapidity of hardware will increase exponentially. You say hard disk capacity is growing exponentially? Really? |
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The world is hungry for bitcoins. Very hungry! Every bitcoin during dips will be snapped up immediately.
becoin, 3rd party segcoin is not the coin the world will be hungry for, as the poor will be priced out with huge tx fees. Pumpy, the poor like you that can't afford to pay bitcoin tx fees will use LNs for their payments. But, to open or close a channel in LN, you should not make a transition in the bitcoin blockchain? It seems to me that if everyone wants to adopt bitcoin, LN is not enough. And that's the reason a blocksize increase WILL be needed. Noone can deny that, it's only the timing, the size of blocksize increase and the process to implement it what is on the table. |
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Ohhhh, its crashing! its crashing!!!!!
The biggest pump in history!!! The biggest crash!!! wwooohh woohhhhh
Cuckduck, you here are since when? 2010? You must have make already tens or even hundreds of millions. Why don't you just enjoy your huge wealth and stop posting nonsense? Don't you realise this is getting ridiculous already?
You are already "one of those" guys... please don't keep insisting until you become "the" guy.
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I would like to have a meme gif like this one:  But, instead of the disaster behind, something like the guy floating in space while in the background theres a giant rocket with the Bitcoin logo reaching out to mars or something like that. Is there anything similar already or anyone with the amazing skills to make it? I have the feeling that we will need it soon.  P.S.: It doesn't need to be mars... Saturn with a ring around with the legend "Segwit - Lighting Network" would also be fine. |
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Anyone sell at the bottom?
I got up 15 minutes too late and didn't buy at the bottom...does that count? Placing a bunch of strategically thought limit orders before going to bed do wonders. I love the smell of closed limit orders in the morning. |
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700BTC *BID* WALL @ 3841 on Bitstamp
Trend resistance and fibonacci technical point it seems. Anyone sell at the bottom? 700BTC at this price is some serious money to have on a single exchange that doesn't even have margin trading. The bid wall was completely real, it even endured some hard bites without moving before the price bounced on it. We are on record historic 24h volume, with over $3 billion. And still there are 1457 blocks left to Segwit Activation. 5K before that? |
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700BTC *BID* WALL @ 3841 on Bitstamp
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Something that makes me laugh...seeing the price ticker on Wisdom for Btc-e..stuck at $2500..how far we have come..
Those bastards were always lagging behind. Now they are doomed to be like that for ever. |
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Oh! Have we crashed below $4000?
See? Not a bubble.
Look at dat 24h volume: almost $3 billions!
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Hey duck, the poll is wrong, you forgot to include:
- Segwit
- Organic Growth
- Increasing adoption
- Fork risk avoided.
- FOMO from early sellers who are tired to wait for $800 (LOL)
- etc etc....
No wonder you have difficulties in trading if you don't even know about the fundamentals of Bitcoin. I would suggest you to just hodl and not touch anything until at least 10K.
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Bitcoin Market Share/Dominance: 49.6% and up... Soon 50% (not even counting its bastard son BCH).
About the cars... I have always think the sweet spot from an spending perspective is to buy used with around 3 years for less than HALF the price of new. At least in my country.
Also, you can get pretty decent cars (slightly used) for the cost of a new "boring" one. My current one I bought used for 25K. Several years after it is still almost like new as I use it very little and I don't think I have lost more than around 1K a year in price. Of course not a good "investment"... but neither a crazy spending.
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Oh! It seems my borrower at daily 2% on polo has been liquidated. Poor guy. I was starting to think we would complete the 60 days lending together.
4100....... Prepare for the mother of all short squeezes! Considering the thin order book it could propel us directly to 5K... Just saying.
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Who sold at the bottom? P.S.: Always wanted to say that after we dipped FROM over $4000 |
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And there you guys have your last dip into 3XXX. Take it or leave it.
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Nice and CLEAR breakout. The force is strong with this one.
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Update from Masterluc: "Well, after the breakdown of the $3,500 weekly resistance - I do not see any resistance until we get to $15,000."
LOL |
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Please don't ruin it this time until $4000 has been crossed. We need the headlines next week. |
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Feeling like I'm going to be driving that Porsche this winter !
I am curious. The guys buying high end porsches, lambos etc... Are you doing it selling a SUBSTANTIAL part of your stash (like 20-50%) or is it something more organic like 1-5% of it? Feel free to not answer the question for privacy reasons or do it in an ambiguous way. I just want to know if you guys are acting responsibly or like if this was free money that will keep coming forever. I'm talking about 5 BTC at 5000€ since it would be a used 911. It would be a substantial part of my stash (less than 20%) but more importantly it's about what I've spent getting that stash. After that, if BTC goes to 0, I will not have lost anything, only bought a car I maybe shouldn't have bought. Currently I've got 3 cars, 2 donated, 1 a company car, I've never even bought one ! I understand your concern, but at the same time I can't watch BTC go up and up and not gain anything from it. I'm a lifelong fan of the 911, it's on my bucket list. I would want several millions in the bank/real estate before considering buying a new Lambo. I like the old LP400 better anyway, but it's a rare classic car : even more expensive than a new one. That sounds pretty much reasonable, yep. From all the answers it looks like even if we all appreciate the fine cars, everyone here is also very conscious on its spending and that most of the time the "lambo" thing is more of a joke wish than a real intention. Good to know. I was having the image of dumb guys with less than 1 million total net worth spending -maybe even before buying a proper home- like 300K in a new car... and it was hurting me. |
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