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lemmyK
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November 04, 2015, 09:07:17 PM |
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Bah. .. some 195 BTC dump  |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Frost
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November 04, 2015, 09:07:26 PM |
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Prepare for the ride, China wakes up soon  Which ride? Up or down? both |
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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November 04, 2015, 09:08:29 PM |
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Lol you guys all sold or something ?
China is showing no signs of slowing down, this isnt over soon.
It appears that way... bulls turning to bears and talking down in hopes of buying in at lower prices. That's how tarmi's and kwukducks are created. Sure, we may have some dips here and there, but why would this end now? A day before the auction? Mid-week? Why not a weekend dump? The way I look at it, I have held this long, why sell now? I'm not thinking about selling until we're past the old ATH. This rise has been violent, but that 2 year down trend wasn't pretty either. We're heading to a new ath by the halving, and I wouldn't be surprised if we tested the old one before 2016. the auction is tomorrow? its all making sense now. I wonder if this guy: Marc Andreessen who just sold 15% of his stake in Facebook for $31.9 million may be playing the market - pushing up the price a little so he can make a successful bid before pumping bitcoin with a limited supply. Marc Andreessen holding 31.9Million in fiat? its making even more sense now. fuck man you guys are in the know! this lines up with VCs Andresen Horowitz known to be pushing behind the scenes for big blocks (Hearn is on their payroll and they are anchor investor for Coinbases financial data-mining operation) ... pump the price to put some 'real' transactional pressure on, pump it up for big blocks by pushing Gavin and Hearn to put out 'timely articles, and rally the usual paid shills on the forums (hi guise  ) ... making money and changing the world (in their image) such pessimism, but thank you, I searched for 45minuts trying to get his position on block size and gave up (people wright so much crap on Bitcoin its amazing). but you hand it to me on a silver plaster xxx. hey I'd be more afraid of the tightens of network manipulation (the Blockstream investor list) - funding Bitcoin Core development to remake Bitcoin to fit their vision. |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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November 04, 2015, 09:08:38 PM |
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bButtercup
Newbie
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Activity: 28
Merit: 0
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November 04, 2015, 09:09:18 PM |
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You guys underestimate millions of deceived people with lots of money looking for something that is not corrupted to put a very small amount in.
Every time the market move this must be a bot or whale, you are gox paranoids.
Millions of deceived people moving small amounts of money out of bitcoin and into "something that is not corrupted"? So ...dump now? Couldn't we just ratchet up our slimy web of shameless lies another notch? |
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tabnloz
Legendary
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Activity: 961
Merit: 1000
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November 04, 2015, 09:09:53 PM |
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best thing about this rally is that those currencies in emerging markets that have devalued so heavily in the last year are now getting a little back in btc price.
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Mota
Legendary
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Activity: 804
Merit: 1002
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November 04, 2015, 09:13:29 PM |
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Bitcoin so far has been adopted as a currency only by criminals and scammers. Adoption for legitimate commerce is tiny, and largely to limited to users who want to push bitcoin for other reasons than its qualities as a payment method. Actual use of bitcoin, in practice, still requires trusting third parties -- like Blockstream, Coinbase, Bitstamp, SatoshiLabs, etc..
(BTW, 1015 is "exa-", not "hexa-".)
Why was I so sure that this "argument" would be posted today.... You realize that the currency with the most illegal usages like money laundering, drug money, weapons etc. is the US-Dollar? Heck, if you count in the money from black labour (which is also illegal, iirc), pretty much every currency is used far more for illegal activities and scams. Btw, your pseudo argument was/is also used for the internet... "99% of the internet traffic and 90% of websites are porn sites" In retrospect, this is actually good news!  |
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BlackSpidy
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November 04, 2015, 09:16:55 PM |
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bitcoin offers unalienable security.
1/2 hexahash decentralized P2P network remember?
Bitcoin so far has been adopted as a currency only by criminals and scammers. Adoption for legitimate commerce is tiny, and largely to limited to users who want to push bitcoin for other reasons than its qualities as a payment method. Actual use of bitcoin, in practice, still requires trusting third parties -- like Blockstream, Coinbase, Bitstamp, SatoshiLabs, etc.. Also, I dont care if people buy drugs with bitcoin. Lots of governments have needlessly made a multibillion dollar industry illegal, it's only a testament to how useful bitcoin is that the drug salespeople have gone to it as their currency of choice. Bitcoin is a powerful monetary tool (and a currency itself), and just like any monetary tool (bank accounts, checks, bank transfers, remittances, cash), criminals are going to use it. I don't care that a "dirty" part of society was the first to adopt that technology. Bitcoin sure is something else, and the next 10 years will be a testament to its success. |
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bButtercup
Newbie
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Activity: 28
Merit: 0
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November 04, 2015, 09:17:49 PM |
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Bitcoin so far has been adopted as a currency only by criminals and scammers. Adoption for legitimate commerce is tiny, and largely to limited to users who want to push bitcoin for other reasons than its qualities as a payment method. Actual use of bitcoin, in practice, still requires trusting third parties -- like Blockstream, Coinbase, Bitstamp, SatoshiLabs, etc..
(BTW, 1015 is "exa-", not "hexa-".)
Why was I so sure that this "argument" would be posted today.... You realize that the currency with the most illegal usages like money laundering, drug money, weapons etc. is the US-Dollar? Heck, if you count in the money from black labour (which is also illegal, iirc), pretty much every currency is used far more for illegal activities and scams. Btw, your pseudo argument was/is also used for the internet... "99% of the internet traffic and 90% of websites are porn sites" In retrospect, this is actually good news! But Mota, the USD is also used to build roads and buy baby formula, while BTC? Well.. other than drugs, CP, and kidnapping/ransomware ransoms? Have I missed anything?Oh yeah, gambling. Have I mentioned CP? I guess I did... ...
Also, I dont care if people buy drugs with bitcoin... Of course you don't, you're an account farmer, the pettiest of petty criminals. The sort of a guy who'd do anything for a nickel. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 04, 2015, 09:20:32 PM |
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so fucking close, keep going little bears.
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Ayle56
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November 04, 2015, 09:20:48 PM |
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Is there a $50 difference between the Bitstamp price and Huobi's? I'm not great at maths but I worked out the CNY to USD conversion at 6.31805 CNY per USD, and that's what I got. I know its been $20 to $30 higher in China all week, but $50 is excessive.
edit/
Huobi's beginning to go down now, but there's still a big price difference.
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Chalkbot
Legendary
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Activity: 896
Merit: 1001
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November 04, 2015, 09:21:11 PM |
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Damn, price in China a whopping $55 higher than US. Something's gonna give soon.
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rjclarke2000
Legendary
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Activity: 1358
Merit: 1016
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November 04, 2015, 09:25:01 PM |
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Where will this correction stop? $450? Thoughts below please.
A correction is needed. Up up up is fun but madness
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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November 04, 2015, 09:25:26 PM |
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Could the loosening of China's 1 child policy explain why there's such a shortage of fucks on chinese exchanges? They seem completely unwilling to give any.
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bButtercup
Newbie
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Activity: 28
Merit: 0
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November 04, 2015, 09:26:06 PM |
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Damn, price in China a whopping $55 higher than US. Something's gonna give soon.
I remember when Gox price started floating up... But this is not like that at all.
Could the loosening of China's 1 child policy explain why there's such a shortage of fucks on chinese exchanges? They seem completely unwilling to give any.
Free to breed a generation of greater fools bitcoiners to sell BTC to! |
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petahashminer
Legendary
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Activity: 1890
Merit: 1037
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November 04, 2015, 09:27:47 PM |
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bitfinex and bitstamp bears trying to reduce the price, but china is not following. china is still above 500$ , and as it seems, it will resist more and more.. china is the leading market, not finex or bitstamp.
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SnokkomBTC
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November 04, 2015, 09:28:04 PM |
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Damn, price in China a whopping $55 higher than US. Something's gonna give soon.
I remember when Gox price started floating up... But this is not like that at all. 2013 it was ~100$ i guess |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 04, 2015, 09:28:45 PM |
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Damn, price in China a whopping $55 higher than US. Something's gonna give soon.
I remember when Gox price started floating up... But this is not like that at all. ya but china knows how to run a proper bucket shop, everything will be fine. |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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November 04, 2015, 09:29:45 PM |
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The KGB
Member
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Activity: 122
Merit: 10
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November 04, 2015, 09:31:13 PM |
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Epic Battle on Huobi, really amazing to watch.. seems like everybody throwing whatever they have into the fire to keep the engine of this train going.
Also we are breaking out of triangle soon on huobi
we will then see which direction we are going to take.
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