Whatever happens it seems some sort of chain-split is inevitable. That's my bet. But I don't seem to be doing anything about it. Which is odd.
Welcome to the club. Maybe your reasons for not doing anything are the same as mine... the moment to sell was a thousand above. Maybe it could keep going down but if didn't sell before, I won't be doing it now no matter what. If someone is doubting between selling now or sometime soon if things get uglier, maybe he should just sell now and go on with his life. |
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In retrospect, even my hindsight is bad. Who waits years and years for an insane pump, gets one, and let's it slip away without taking profit? Hodling is a habit that's really hard to break.  In retrospect we would all have sold at $2900..... but otherwise if we were profit takers... we would have sold at $1100 if we entered at $850.... or at $400 if we entered at $300 or at......... |
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I am already panic buying lol.
I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of. Weak hands are not afraid of 1st Agust, as you said they would have sold earlier. Weak hands are dumping because they are afraid of the dumping other weak hands started. That's all. |
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Alt coins are looking worse.
Bitcoin dominance % is up.
Litecoin is doing great though. I was not that much wrong when I thought it would be good as a hedge against political issues in Bitcoin. Unfortunately, 80% of my portfolio is Bitcoin. And I am not selling. Didn't do it in 2013/2014, won't do it now. |
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well this guy says it won't be resolved in time for August 1st...or the high probability of such bitcoin being bitcoin ....it is likely ...even if consensus is reached say for segwit2 +2mb ..they'd likely not have the code ready or if rushed...yeah...fork ..then fix action anyway...see link below....I've never seen Bitcoin follow a path that is easy....so just saying https://bitcoinmagazine.com/articles/bitcoin-miners-miss-first-bip-148-deadline/hope I am dead wrong...I doubt it however Miners are not going to meet 95% BIP148 threshold. They are going for BIP91 which has a lower 80% signaling threshold and is compatible with BIP148 and would avoid the UASF. There's nothing new in that article about the current situation.. and we all know that miners will wait until the last minute to reach the threshold, as they did with Litecoin. I don't have any (new) reason to think they are not going to do it but, if they don't then UASF will come to rescue. (which I don't like at all, but it would be clear it was miners who forced it with their actions and not anybody else). I am pro Segwit and also think a 2MB block increase is reasonable if done in a non contentious HF. In the next few days we will see what's miners real position about this.s |
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200BTC buy wall at 2011 on Bitfinex
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600BTC Buy wall at 2010 BItstamp
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Enough blood now or do we really need to wait until BIP91 starts signaling?
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Strange USD funding wall on Bitfinex...$5.5 million at .03%.
Usually the funding is in the hundreds of thousands at most.
Not sure what it means, a lot of people can go long for a very low rate.
It probably means there have been a LOT of sells that are now in FIAT and they don't want to widthdraw to banks so they go the lending route with their "crypto money". Bullish! I'm thinking bullish, too.. but with a different framework to the analysis. The point is not that people are offering fiat for loan, but that there are people taking out the loans.. so they take out the loans in order to use the money to buy bitcoin, correct? Of course, they could be using the money to short, but that just leads to too much complexity in the analysis, no? Taking the loans? Not that much if interest was .03%. My point is that unless a real bear market comes for long term many people doesn't withdraw the FIAT but just rest it on the exchanges waiting for a better price, so the drop is cushioned or even reversed without that much need for "new money". It's just only a theory though. We will see. |
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Strange USD funding wall on Bitfinex...$5.5 million at .03%.
Usually the funding is in the hundreds of thousands at most.
Not sure what it means, a lot of people can go long for a very low rate.
It probably means there have been a LOT of sells that are now in FIAT and they don't want to widthdraw to banks so they go the lending route with their "crypto money". Bullish! |
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what if I store my btc on ledger nano s ? Do i have to worried about splitting ?
No. That's probably the best way to store it. Split or not. |
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140+ Wall spotted @ $2400 @ Bitfinex
EDIT: being swallowed in an hallucinating rhythm.
Market looks thirsty.
In the last half hour also a 150+50 BTC walls around 2100€ at Kraken have been eaten. Maybe those are somewhat "small" walls, but they were for real and of significant size for Kraken. We are again inside the triangle. Sideways, and more sideways. |
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Our new Avenger Joe! Already received ~4 btc in donations.   Very well deserved. I hope he reaches at least 10BTC. It will also be an additional positive news in itself. Anyone knows what was he doing there? It doesn't seem like an easy access "place". An interview would be great.... it's not that he is "anonymous" now anyways. |
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Now that the airdrop "fever" is passing. I have some questions about BLackbytes.
I mean, what are Blackbytes from technical perspective? I understand theres not blockchain for them so... what are those?
If there's no blockchain how do we know how many in total there are? How do we know they are "authentic"?
Any wiki or tutorial where I can read about it?
I want to understand what makes them so particular that you need to do a physical backup of them and can't recover them otherwise. It seems so different than the other tokens I am used to where you have a private/public key which you can use to restore everything.
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I think it'd be better to stop airdroping for Bitcoin addresses.
There is already wide byteball distribution. Those bitcoin holders don't care (free money for them) they just dump
Price would be stable today
We Bitcoin holders know how to properly hold. Yes, from looking at the transition page btc whales havent sold a Gbyte Looks like mostly noobs dumping.... Anyone who hodl bitcoin from early days until now is certainly not " weak hands" and they have the most to gain by byteball being successful too because they will have a higher stake after the distribution rounds... PLus it is an additional hedge for their already huge BTC richness. No need to sell when there is no need. When byteball airdrops end around october/november the 20% airdrop will also end, but.... Also there will be no more byteballs created. So, one less reason to hold, one more reason to hold. Let's see what happpens from that point. Hopefully byteballs will already be on a major exchange by then or right after that. |
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I think it'd be better to stop airdroping for Bitcoin addresses.
There is already wide byteball distribution. Those bitcoin holders don't care (free money for them) they just dump
Price would be stable today
We Bitcoin holders know how to properly hold. |
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It's not clear to me, is what just happened even possible on main net?
No, because there's no way anybody would risk real money with SegWit2X clown code. The '6000 blocks mined in day' talking point distraction is obfuscating the real problem that the code then got stuck when the (accelerated) HF happened ... you know like the piece of the code that whole client is in existence because ... it's raison d'etre is broken. They should be thanking whoever accelerated the '6000 blocks in one day' for showing them their fundamental brokenness bugs (how fucked they are) ... instead we get BS talking points about ASICs on testnet, wah-wah, who knew? It wouldn't be that hard to know WHO did the accelerated mining. The past couple of days the segwit signaling dropped significantly... Maybe Bitfury directed some of its hashing power to testnet? Anyways.... isn't what has just hapened in testnet the exact intended behaviour for mainnet? I mean, bigblockers win and smallblockers get frozen IF they don't have enough hashpower. |
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One thing is for sure... when 1 Aug comes, there will be no more weak hands left.
To da moon?
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