Bitcoin IS basically DESTROYED

[Shenzou]

I really think that bitcoin is not being destroyed but instead it is growing a lot the fact that china is racing to get her hands on it shows how much it is worth it and the potential of bitcoin,and since we are on the verge of global crysis and the dollar about to lose its worth i think that the bitcoin is gona be the solution and everyone is gona start using it

[Positid]

I really think that bitcoin is not being destroyed but instead it is growing a lot the fact that china is racing to get her hands on it shows how much it is worth it and the potential of bitcoin,and since we are on the verge of global crysis and the dollar about to lose its worth i think that the bitcoin is gona be the solution and everyone is gona start using it

The current market status is enough already to tell that bitcoin was not or is not destroyed, people are telling lies without basis but for us bitcoin supporters we know what we believe and we believe that bitcoin is the future.

[Gotimour]

I really think that bitcoin is not being destroyed but instead it is growing a lot the fact that china is racing to get her hands on it shows how much it is worth it and the potential of bitcoin,and since we are on the verge of global crysis and the dollar about to lose its worth i think that the bitcoin is gona be the solution and everyone is gona start using it

The current market status is enough already to tell that bitcoin was not or is not destroyed, people are telling lies without basis but for us bitcoin supporters we know what we believe and we believe that bitcoin is the future.

The price of the bitcoin is still rising. But it could be faster or more valuable when more people use it for daily transactions.

[stark101]

Bitcoin is basically destroyed maybe because almost a big percent was controlled by china. But is their any solutions about this? Actually, we don't have basis nor proof that bitcoin was destroyed. If the users would continue to use it, if people would continue to trust it then there's no reason to be destroyed. Maybe it would become more progressive.

[mastica]

Just because the big miners are at China that doesnt make them control bitcoin, we know that if they try to control it they will end killing bitcoin, and people will swicth to another altcoin almost instant. I doubt even with they forcing those big farmers to give them the plenty control over the process wont damage bitcoin, since it has been mined already 16 milions of bitcoin, and early adopters has the biggest ammount of coins, then whales groups, as well some big exchanges. Sure they can affect the transactions with the hash but delaying or trying to control those can once again damage bitcoin and make people leave bitcoin.

[rababo]

Bitcoin comes up and down all this time, but no matter what happen to bitcoin, it always stay strong as the best cryptocurrency.
Bitcoin is getting more popular by day, many people begin to know bitcoin and start to use it. Bitcoin keeps grow everyday and still go on.

[eternalgloom]

16 hours does not seem very usable to me  

https://bitcointalk.org/index.php?topic=1689151.0

What is the normal amount of bitcoins transactions in queue? Currently it is close to 30000 transactions.
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?

view the queue length here
https://blockchain.info/unconfirmed-transactions

 

FYI:
38605 Unconfirmed Transactions as of this post , it is getting worse.

Oh god, that will get solved soon, you haven't been around long enough to see that this is just a temporary problem.
A few days ago it was more than 50.000 unconfirmed transactions, so for me, it's getting better.

We'll forget all about this in less than 2 weeks.

[abel1337]

16 hours does not seem very usable to me  

https://bitcointalk.org/index.php?topic=1689151.0

What is the normal amount of bitcoins transactions in queue? Currently it is close to 30000 transactions.
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?

view the queue length here
https://blockchain.info/unconfirmed-transactions

 

FYI:
38605 Unconfirmed Transactions as of this post , it is getting worse.

Oh god, that will get solved soon, you haven't been around long enough to see that this is just a temporary problem.
A few days ago it was more than 50.000 unconfirmed transactions, so for me, it's getting better.

We'll forget all about this in less than 2 weeks.

Hope this problem will solved fast
 I have transaction that has traffic in confirming.
I pay high for the trasaction but still it is not confirm.
Ive experience this before it tooks 2 days before it is cofirmed.

[baristor]

Mining is not the only thing about Bitcoin ,

It can never be destroyed unless the NWO start's regulating it like they do with Europol and other nonsense.

Even then it is illegal if people stand up for their rights.

[RawDog]

Mining is not the only thing about Bitcoin ,

It can never be destroyed unless the NWO start's regulating it like they do with Europol and other nonsense.

Even then it is illegal if people stand up for their rights.

wtf?

[lakisis]

Bitcoin is basically destroyed now with 70% of the mining controlled by China, soon to be 98+%, and with Blockstream implementing their SegWit soft fork Trojan Horse so as Matonis admits can end up increasing the 21 million coins limit.

The entire ecosystem is headed for a clusterfuck.

I honestly believe this is the truth.  What is there to add ?

~CfA~

These Chinese people really wants to conquer all things that includes money.
They are really greedy, anywhere that there is money they come into it.

Like the Capitalist West have been doing for years? The Chinese took a opportunity when they saw it and they used it... How can you blame them? If the same scenario {cheap electricity} existed in

the USA, people would do the same. The USA can dominate the Bitcoin scene tomorrow... They just have to shift a small percentage of their war funding to Bitcoin mining and focus Silicon valley

development on ASIC chip manufacturing and they can dominate the scene. You chose your own battles...  

The US has better things to do then to play around with this. Like fixing their country and policing other ones.
You think that Russia with Putin won't come to yours and kick the sh*t out of you if there wasn't some one standing in the way? Huh!? It is just like your rebuttal on bitcoin mining because there is an opportunity there to do it without any opposition to deter them from doing it. So there is free reign.
Scary isn't it .

[skyway1]

Why would they do anything detrimental to Bitcoin? It would hurt them more than anyone financially.

Because they as a society, are greedy. Being blinded by this fact, they do not see this as a mindless act that will backfire on them.
Satoshi thought of this in his creation of bitcoin. Keeping it decentralized was his plan all along people tend to forget this.

[mirakal]

Why would they do anything detrimental to Bitcoin? It would hurt them more than anyone financially.

Because they as a society, are greedy. Being blinded by this fact, they do not see this as a mindless act that will backfire on them.
Satoshi thought of this in his creation of bitcoin. Keeping it decentralized was his plan all along people tend to forget this.

The creation of satoshi was awesome because until now we are still using it. Before I came in the crypto world, I was thinking of a way to invest but ever since I am already a fan or unique ideas and it's just timely I was able to find bitcoin and until now I am enjoying my stay here.

I think I will be here for long, as bitcoin is very successful now, I cannot let this opportunity to just slip away in my life.

[slapper]

Why would they do anything detrimental to Bitcoin? It would hurt them more than anyone financially.

Because they as a society, are greedy. Being blinded by this fact, they do not see this as a mindless act that will backfire on them.
Satoshi thought of this in his creation of bitcoin. Keeping it decentralized was his plan all along people tend to forget this.

The creation of satoshi was awesome because until now we are still using it. Before I came in the crypto world, I was thinking of a way to invest but ever since I am already a fan or unique ideas and it's just timely I was able to find bitcoin and until now I am enjoying my stay here.

I think I will be here for long, as bitcoin is very successful now, I cannot let this opportunity to just slip away in my life.

The future of Bitcoin is very bright since many people have recognized its benefits and advantages. Satoshi is the genius and thanks to his design, we have found many new things about the computer, as well as the algorithm.

[Gotimour]

Why would they do anything detrimental to Bitcoin? It would hurt them more than anyone financially.

Because they as a society, are greedy. Being blinded by this fact, they do not see this as a mindless act that will backfire on them.
Satoshi thought of this in his creation of bitcoin. Keeping it decentralized was his plan all along people tend to forget this.

The creation of satoshi was awesome because until now we are still using it. Before I came in the crypto world, I was thinking of a way to invest but ever since I am already a fan or unique ideas and it's just timely I was able to find bitcoin and until now I am enjoying my stay here.

I think I will be here for long, as bitcoin is very successful now, I cannot let this opportunity to just slip away in my life.

I have similar experience.

[Blawpaw]

Bitcoin was the first of its kind. It is a fairly recent technology and we will still see a lot of transformations to it.
Regarding mining, even if 70% of the mining is being carried out in China that doesn't mean that they totally control it. There are a lot of mining companies own China and all of them are competing with one another. If they were trying to reach a 51% attack that would be a bad play that would only compromise the validity and value of the coin

[HashBTC]

Please read more before making a silly thread!

[bncbnc]

Why would they do anything detrimental to Bitcoin? It would hurt them more than anyone financially.

Because they as a society, are greedy. Being blinded by this fact, they do not see this as a mindless act that will backfire on them.
Satoshi thought of this in his creation of bitcoin. Keeping it decentralized was his plan all along people tend to forget this.

The creation of satoshi was awesome because until now we are still using it. Before I came in the crypto world, I was thinking of a way to invest but ever since I am already a fan or unique ideas and it's just timely I was able to find bitcoin and until now I am enjoying my stay here.

I think I will be here for long, as bitcoin is very successful now, I cannot let this opportunity to just slip away in my life.

The future of Bitcoin is very bright since many people have recognized its benefits and advantages. Satoshi is the genius and thanks to his design, we have found many new things about the computer, as well as the algorithm.

yes there is no doubt about that the future of bitcoin is really bright, because poeple are adopting bitcoin both as investment as well as currency and that is the reason that the price of bitcoin is contentiously increasing.

[Frost]

I can't say how often I have read that Bitcoin is dead, but it's still around!

[Naxthor]

Guys, dont talk facts if everyone is just speculating.
Everyone who did a bit more reading beyond this forum knew that a small sommunity was holding a large amount of BTC.

What is to be expected?? they buy up and they all cash out... why...?!?!
because half a day later the market dropped so deep, everyone is selling out ... so they can buy 10% more BTC with the exact same cash.


What can you do for yourself? keep calm!! yes this is a set back worth a week... but panic and swapping currencies is foolish.
This moring when i saw the first big drop i (and lots with me in my cirquit) all swapped to ETH

why, because its a smaller coin with a good long term potential. (agree with me on that or not, debating it is beyond my point here)

Buying in to smaller coins (1 BTC buys 100 ETH) means you have a larger marnin over this. If enough people do this. you minimize the damage on that particular coin.
BTC will drop more maybe, but later on, you can see BTC is getting stable again and you can buy in then.

If you think that makes kinda sense, or at least more sence then most of the panic footbal here. just swap to ETH (or any other smaller altcoin) but the more people in the same coin makes the biggest difference.

remember you up against people that buy and sell thousands of bitcoins at once to influence the market.
try to go with the flow and not forget to swim...

P.S. i dont have a propaganda or promote any altcoin, ETH is just my personal opinion at this moment in time. so dont debate me on this as im not much of a forum poster...
(I live in the shadows ;-))