We are having plenty of "corrections". Until the trend changes just try to follow this simple and common wisdom: https://www.youtube.com/watch?v=0akBdQa55b4If someone expects some 30% correction after some altcoins have pumped to 75x its value in a couple of months, he is a fool. |
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I am remembering now the Year 2000 problem https://en.wikipedia.org/wiki/Year_2000_problem. I wonder if something will happen when bitcoin reaches $2000. Miners shouting down, blockchain broken, the end of the world and other Roland Emmerich´s apocalyptic visions.  Yep, when Bitcoin surpass $2000 you will probably see an uncontrolable rise. How high? I donno. How low for the posterior correction? Probably above $2000. Not sure if that $2000 effect is a "problem" though... it depends if you are either short or long I guess. |
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$2000 is an interesting number in human psychology and pricing theory because of Benford's Law. Humans have a tendency to 'box' numbers in a base-10 logarithmic way. Any random sample of statistics generally adhere to Benford's Law ... so typically once out of the 'ones" things tend to rise much quicker. Think of it like "1 thousand" seems like a big difference from "five hundred" but one thousand to two thousand, not so much ... yet both are doublings. Then once you're into the two thousands it's just a hop skip and a jump to 3, 4 and 5 thousands ... until 10,000 that seems like a long way away.  Totally right. $1000 was a harder barrier to cross. 2, 3, 4.... are just more thousands. You have just to see the orders book to notice there is not much resistance at $2000. In fact we had much more resistance at $1800. |
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1900? HOLY FUCKING CRAP!
Ah yes, this is a nice feeling. When and where is the party?
Oh yeah, almost forgot.... when is the $1000 party?  |
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1920$ at preev & I wouldn't call this a "natural growth" I mean c'mon we've been around long enough to see what organic really means (a couple of bucks maybe 10$ per day) but that's something else. I really hope it's a bubble as Bitcoin will stagnate if we fall back to 840$ (in $ terms not in growth) and people will be back to normal (trying to utilize Btc in more areas etc).
Ps: I really hate paying 3$ fees when I want to send just 1$
Are you aware that a $100 rise at this heights it's only a 5% increase in price? Were you around in 2013 when price had swings of around 30% in minutes? Just saying.... Just out of curiosity... what do you use Bitcoin for when you do send $1? |
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1907 and climbing on stamp. yea... this is going into crazy bubble territory.
Not yet... It will be when we rise a couple hundreds in minutes... until then it's just healthy organic grow I am not sure if I am making more money on my BTC or on my XRP short I opened yesterday.... Nah, more on BTC as I have much more than the play money I gambled against XRP... but this is gentleman anyways |
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Back into ATH territories ... raging bull market continues after a relatively shallow correction on the medium term perspective. A rapid rise to $2000 seems like the next upside target ...  Not too hard... 948 BTC to $2040 at Bitstamp Edit: 855 now... and Ripple on the verge of breaking support for a big dump |
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FUCK YEAH !
$1,900 USD/BTC !
WEW LADS !!!!
Soon. And here we go! |
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FUCK YEAH !
$1,900 USD/BTC !
WEW LADS !!!!
Soon. |
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Pulled out my bitcoin app and it was defaulted to Kraken. I noticed the price high was $2589. Some crazy anomoly from the looks of it.
You sure that's the USD price and not CAD? Current CAD prices at Bitcoinaverage are $2539 global and $2648 CAD index. I always quote global prices. It was a fat finger 1000 BTC buy. Why anyone would use USD on Kraken is beyond me. It's a very creaky set up over there and as that price demonstrates rather thin. I have sometimes used USD on kraken for leaving crazy bid and asks just in case that sort of slippage happens due to the thin order book. Not doing it anymore, but I guess I should get back to it. Ok, I have now put some BTC for sale at $2390. If whoever did it want to repeat that stunt and sell up to $2539 again, I am ready now I will inmediately rebuy at the EUR order book if that happens. |
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OMG!
I just sent $18,195.29 and it cost me $11.13 in transaction fees.
well... that's what you gotta pay I guess. Still, 0.06% ? (unless i missed a point) is cheap.
How many inputs did your tx have? How long did it take to be confirmed? |
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Pulled out my bitcoin app and it was defaulted to Kraken. I noticed the price high was $2589. Some crazy anomoly from the looks of it.
You sure that's the USD price and not CAD? Current CAD prices at Bitcoinaverage are $2539 global and $2648 CAD index. I always quote global prices. It was a fat finger 1000 BTC buy. Why anyone would use USD on Kraken is beyond me. It's a very creaky set up over there and as that price demonstrates rather thin. I have sometimes used USD on kraken for leaving crazy bid and asks just in case that sort of slippage happens due to the thin order book. Not doing it anymore, but I guess I should get back to it. |
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This year could become remembered as the Great Fee Bubble of 2017.
With the number of unconfirmed rising rapidly now, and fees up above $1 and rising, a lot of Bitcoin could become locked out circulation, artificially shorting its supply. Even for those who wait hours and days for their transaction to go through - having the option to panic sell Bitcoin right now, without risking holding coin on an exchange for extended period of time, isn't really possible. This reduces selling pressure. The bubble would peak shortly after a scaling solution is reached (I think one will be - too much has been invested in Bitcoin to let another coin take to the top spot).
do you really believe this nonsense? That is a decent theory. While the spam attack is taking place, and the mempool is backed up, it becomes easier to move dollars around rather than bitcoins... so you have however many coins that you have on the exchanges, and they run out. Are you seriosly saying that if you, for example, try now to move 5BTC to an exchange and, being in a great hurry, add a fee of, lets say 5$, your tx won't be processed timely? I don't even think you need $5, probably much more less (edited typo), but what the heck, try that to prove your point. (Also don't use a long list of inputs and neither unconfirmed ones, that'd be cheating). |
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This year could become remembered as the Great Fee Bubble of 2017.
With the number of unconfirmed rising rapidly now, and fees up above $1 and rising, a lot of Bitcoin could become locked out circulation, artificially shorting its supply. Even for those who wait hours and days for their transaction to go through - having the option to panic sell Bitcoin right now, without risking holding coin on an exchange for extended period of time, isn't really possible. This reduces selling pressure. The bubble would peak shortly after a scaling solution is reached (I think one will be - too much has been invested in Bitcoin to let another coin take to the top spot).
YOu are wrong in your assesment. In worst case, current fee market might DELAY some of txs intended to be sold on the market, BUT: 1) ANyone with a significant amount of Bitcoins should know better to use the right fee so that their BTC arrives in time. 2) Even if the sellers are somewhat stupid, their BTC will eventually arrive at the exchanges to be sold. 3) I have been hearing this argument since some time now. All that delayed tx's should have arrived by now. Where is the big selling? ... Bitcoin needs to scale, and yes, it might be holding the price down instead of rising incontrollably.... But I don't think that is so bad in the medium/long term. Trying to justify that current price would be LOWER if it were not because of the high fees is absurd. The oppossite is probably correct. |
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It's gotten too late now for a simple blocksize bump, with all the pathetic politicking and ego-tripping on display, resulting in the current blocking of genuine progress.
The only hardfork that will achieve consensus now will solve the blocksize limit and fee pressure regulation from it's activation time all the way through until we transition to the non-reward regime ~2036.
Short-term HF blocksize bumps will just give the DDOS attackers newer bigger and more deadly targets to aim for, whilst continually agitating for the next HF blocksize "short-term" bump in the interims and then creating mayhem and disruption during the HFs.
I am not sure what you are proposing. I have reread it and I don't even know if you are in favor or against Segwit+2MB. |
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He is probably doing what has to be done. In Litecoin, having a well known creator as Coblee is, it was easier to reach some consensus. In Bitcoin, that's way harder, but if the right people joins affort and are able to come to a compromise everything is doable. My best luck to Silbert. We really need it. I am perfectly fine with the agreement of activating Segwit now and increasing the blocksize to 2MB before than a year. Guys, this is the best offer for both sides that we are gonna get, better for everyone to start supporting it now. P.S.: I don't like the idea of a hard fork (which would be needed to increase the blocksize) but, let's be real here, even with Segwit+LN we will need that increase soon if Bitcoin keeps growing. Better now than later, plus.... if that's the compromise needed to finally reach an agreement that solves the scaling issue... what the hell, I am all in! |
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lol now NEM added $800MM in market cap over night (literally like over last 24hrs) srsly wtf is NEM?? Is my screen broken? Or is every shitcoin being pumped to delude BTC's dominance  This is indeed an interesting ahem critical time When XRP started dumping Ripplers ran out to the next shitcoin, mostly NEM and DOGE. Everything is ok, don't worry. They are already drying out of coins to pump and eventually a good chunk of those funds will come back to daddy. |
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The next THREE hours are critical. Going up.
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Hey everybody, crypto market caps are totally real!! XRP is now > 50% of Bitcoin's market cap virtually overnight!! It's all real! Bitcoin is doomed!! /s  Wait until XRP guys eventually start taking profit and then we talk about market caps again  |
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Yep. Hapenned to me when Telefonica/Movistar adquired its filial Terra. Didn't want to sell, yet my shares got converted to a ridiculous small number of Telefonica shares. |
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