J4mie
Jr. Member
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Activity: 33
Merit: 3
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May 19, 2017, 11:34:37 AM |
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$2000 on Bitfinex!  |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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bikerleszno
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May 19, 2017, 11:35:57 AM |
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Ohh yeah 2000$ hitted !
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spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
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May 19, 2017, 11:39:11 AM |
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HOLY FUCKING WALL on finex  :O sorry, bit of an overreaction there. it's about 2.5k sell wall. |
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bikerleszno
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May 19, 2017, 11:45:18 AM |
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LOL 2500 btc is a lot  but people will buy and will go to 2500 |
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spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
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May 19, 2017, 11:47:51 AM |
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Up to 3.2k now
edit: wall pulled
edit 2: and back
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RayX12
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May 19, 2017, 11:59:58 AM |
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Congratulations (just woke up!) guys.,,. this is a major accomplishment.  |
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kromer
Member
Offline
Activity: 86
Merit: 16
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May 19, 2017, 12:06:53 PM |
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Regarding TX fees, is it really such a huge problem? It's barely used as a currency as of now.
There are scaling solutions obviously so in the future, it's not a worry.
People see Bitcoin more as a store of value, for them higher fee's is not a major problem. Of course that needs to be fixed for lower tx. Then people are wrong - the chain that succeeds will be the one with the most utility, focusing on store of value will see Bitcoin replaced by a younger fitter prettier model. Store of value is all that matters for the forseeable future. Bitcoin will not be replaced in our lifetime. If Bitcoin does not "succeed" then you can be sure that no other chain will replace it, the concept of crypto currency will have failed. The best that any alt coin can hope for is to fill a specific niche. |
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Asrael999
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May 19, 2017, 12:13:56 PM |
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Regarding TX fees, is it really such a huge problem? It's barely used as a currency as of now.
There are scaling solutions obviously so in the future, it's not a worry.
People see Bitcoin more as a store of value, for them higher fee's is not a major problem. Of course that needs to be fixed for lower tx. Then people are wrong - the chain that succeeds will be the one with the most utility, focusing on store of value will see Bitcoin replaced by a younger fitter prettier model. Store of value is all that matters for the forseeable future. Bitcoin will not be replaced in our lifetime. If Bitcoin does not "succeed" then you can be sure that no other chain will replace it, the concept of crypto currency will have failed. The best that any alt coin can hope for is to fill a specific niche. Sorry to rain on you but have to disagree, this is bitcoin/blockchain and things move quickly, if Bitcoin doesn't develop and evolve and add utility to its bag of tricks it will be replaced just like any other organism or technology. Bitcoin % of market cap is below 50% and the trend is one way at the moment. How much importance will people place on Bitcoin as a store of value when it's <30%, <20%, <10%? The money goes through Bitcoin to other crypto at the moment, but the bulk of new money is going to other coins right now because they have the usecase propositions not Bitcoin. One upside is that the big gainer of the last few days is cripple, and that tells us that the people investing don't understand the difference between a distributed and a decentralised ledger and still think a walled garden is a viable proposition on the internet. |
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elebit
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May 19, 2017, 12:14:54 PM |
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Nice little 3k wall on Finex now .. I had almost forgotten what they looked like.
It's getting harder and harder to trade the dips. A $50 dip is just 2.5% now. I miss the 500s.
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WeltMaster
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May 19, 2017, 12:29:21 PM |
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are you tired of winning yet?
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Zicore47
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May 19, 2017, 12:38:26 PM |
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Regarding TX fees, is it really such a huge problem? It's barely used as a currency as of now.
There are scaling solutions obviously so in the future, it's not a worry.
People see Bitcoin more as a store of value, for them higher fee's is not a major problem. Of course that needs to be fixed for lower tx. Then people are wrong - the chain that succeeds will be the one with the most utility, focusing on store of value will see Bitcoin replaced by a younger fitter prettier model. Store of value is all that matters for the forseeable future. Bitcoin will not be replaced in our lifetime. If Bitcoin does not "succeed" then you can be sure that no other chain will replace it, the concept of crypto currency will have failed. The best that any alt coin can hope for is to fill a specific niche. Sorry to rain on you but have to disagree, this is bitcoin/blockchain and things move quickly, if Bitcoin doesn't develop and evolve and add utility to its bag of tricks it will be replaced just like any other organism or technology. Bitcoin % of market cap is below 50% and the trend is one way at the moment. How much importance will people place on Bitcoin as a store of value when it's <30%, <20%, <10%? The money goes through Bitcoin to other crypto at the moment, but the bulk of new money is going to other coins right now because they have the usecase propositions not Bitcoin. One upside is that the big gainer of the last few days is cripple, and that tells us that the people investing don't understand the difference between a distributed and a decentralised ledger and still think a walled garden is a viable proposition on the internet. You might be right, however other coins or plattforms still need to show that they can adapt better than bitcoin and their devs make the right decisions in critical situations. Remember DAO? So I would say Bitcoin is still in a good spot. |
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savetherainforest
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May 19, 2017, 12:56:47 PM |
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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. Some have been around long enough to know that applying linear rules isn't very wise. It feels pretty organic to me. I'm seeing a lot of currency wars happening. The US dollar seems to be losing value or weakening. Just as Trump wants it! But it might spiral out of control at this rate.  |
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kromer
Member
Offline
Activity: 86
Merit: 16
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May 19, 2017, 01:01:45 PM |
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Regarding TX fees, is it really such a huge problem? It's barely used as a currency as of now.
There are scaling solutions obviously so in the future, it's not a worry.
People see Bitcoin more as a store of value, for them higher fee's is not a major problem. Of course that needs to be fixed for lower tx. Then people are wrong - the chain that succeeds will be the one with the most utility, focusing on store of value will see Bitcoin replaced by a younger fitter prettier model. Store of value is all that matters for the forseeable future. Bitcoin will not be replaced in our lifetime. If Bitcoin does not "succeed" then you can be sure that no other chain will replace it, the concept of crypto currency will have failed. The best that any alt coin can hope for is to fill a specific niche. Sorry to rain on you but have to disagree, this is bitcoin/blockchain and things move quickly, if Bitcoin doesn't develop and evolve and add utility to its bag of tricks it will be replaced just like any other organism or technology. Bitcoin % of market cap is below 50% and the trend is one way at the moment. How much importance will people place on Bitcoin as a store of value when it's <30%, <20%, <10%? The money goes through Bitcoin to other crypto at the moment, but the bulk of new money is going to other coins right now because they have the usecase propositions not Bitcoin. One upside is that the big gainer of the last few days is cripple, and that tells us that the people investing don't understand the difference between a distributed and a decentralised ledger and still think a walled garden is a viable proposition on the internet. Bitcoin is battle-tested. No other coin even comes close to the security Bitcoin provides. The problems Bitcoin is currently facing would be just the same for any other coin. Bitcoin's slow (and cautious) progress is a feature, not a bug. The current financial system cannot, and should not, be replaced quickly. And ultimately, anything that most alts can do, will be possible on the Bitcoin blockchain via Lightning, Rootstock, Sidechains, etc. I wish no bad luck on anyone, but I worry that those people throwing money at alt coins are going to get burned hard. As the incentive to attack those chains increases, you can be sure that people are going to start trying. |
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Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1011
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May 19, 2017, 01:53:55 PM |
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interesting is the ALTS system can be a waiting list to buy bitcoins ...  |
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Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1011
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May 19, 2017, 01:55:25 PM |
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are you tired of winning yet?
winning ? we only start now ...  3200 USD at the end of this year. Sure. More if SegWit switch ...  |
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craked5
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May 19, 2017, 02:01:40 PM |
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BOUM! Well guys that's a little bit of an event here. Sorry but I'm a bit moved. Wouldn't think we would reach this level when I bought my btc at 400$  |
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Torque
Legendary
Offline
Activity: 3542
Merit: 5039
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May 19, 2017, 02:20:43 PM |
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We went through 1948 on Stamp.... can't wait for 1984.  |
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JimboToronto
Legendary
Offline
Activity: 3990
Merit: 4457
You're never too old to think young.
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May 19, 2017, 02:52:12 PM |
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An early but very good morning Bitcoinland.
Another day, another ATH... currently $1954USD/$2650CAD (Bitcoinaverage).
It also just reached $1955USD at Stamp.
With a little luck we might see $2000 before the weekend's over. That would certainly be a milestone.
For all those who are acting like we're already there, I'd like to remind you that Bitfinex doesn't count. Their prices are exaggerated by their fiat transfer problems and basically mean nothing. You may as well go by Local Bitcoins or some Brazilian exchange.
None of the actual Bitcoin price indexes are anywhere close to $2000 yet.
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BinaryReign
Full Member
Offline
Activity: 150
Merit: 110
BTC HODLer
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May 19, 2017, 02:58:39 PM |
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An early but very good morning Bitcoinland.
Another day, another ATH... currently $1954USD/$2650CAD (Bitcoinaverage).
It also just reached $1955USD at Stamp.
With a little luck we might see $2000 before the weekend's over. That would certainly be a milestone.
For all those who are acting like we're already there, I'd like to remind you that Bitfinex doesn't count. Their prices are exaggerated by their fiat transfer problems and basically mean nothing. You may as well go by Local Bitcoins or some Brazilian exchange.
None of the actual Bitcoin price indexes are anywhere close to $2000 yet.
Your screen name should have been JimboTheWise  |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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May 19, 2017, 03:02:59 PM |
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Bitcoin is battle-tested. No other coin even comes close to the security Bitcoin provides. The problems Bitcoin is currently facing would be just the same for any other coin. Bitcoin's slow (and cautious) progress is a feature, not a bug. The current financial system cannot, and should not, be replaced quickly. And ultimately, anything that most alts can do, will be possible on the Bitcoin blockchain via Lightning, Rootstock, Sidechains, etc.
I wish no bad luck on anyone, but I worry that those people throwing money at alt coins are going to get burned hard. As the incentive to attack those chains increases, you can be sure that people are going to start trying.
It amuses me when maximalists confuse an 'ought' (or 'can') with an 'is'. The reality is that businesses are obliviously just getting on and using non-bitcoin blockchains (= alts) for all kinds of things without any regard to those arguments. |
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