d5000
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Activity: 4354
Merit: 9158
Decentralization Maximalist
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March 30, 2017, 08:32:20 PM |
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IMO, the actual sideways market can be explained with the following two assumptions:
- There is no inmediate fork risk as the support growth for Bitcoin Unlimited stalled, and the remaining Bitcoin pools are very unlikely to change to BU. So it would be very difficult for BU even to reach 50% of the hashrate, and 75% seems almost impossible.
- But as the debate is not solved, there isn't fresh money flowing into BTC as long term usage/price potential is bound to a scaling solution - be it on-chain or off-chain (with Segwit).
There is a triangle closing tomorrow (bearish highs and sideways-to-bullish lows), but it's a bit irregular so I don't know if there will be any impact. Best bet is not to risk anything now.
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york780
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March 30, 2017, 08:38:25 PM |
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IMO, the actual sideways market can be explained with the following two assumptions:
- There is no inmediate fork risk as the support growth for Bitcoin Unlimited stalled, and the remaining Bitcoin pools are very unlikely to change to BU. So it would be very difficult for BU even to reach 50% of the hashrate, and 75% seems almost impossible.
- But as the debate is not solved, there isn't fresh money flowing into BTC as long term usage/price potential is bound to a scaling solution - be it on-chain or off-chain (with Segwit).
There is a triangle closing tomorrow (bearish highs and sideways-to-bullish lows), but it's a bit irregular so I don't know if there will be any impact. Best bet is not to risk anything now.
https://bitcointalk.org/index.php?topic=1848607.0 : I have got you covered  |
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jbreher
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Activity: 3080
Merit: 1689
lose: unfind ... loose: untight
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March 30, 2017, 09:32:18 PM |
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-Miners planning an attack on bitcoin when they reach 51% BU blocks
Well, no. But I guess it's good from a clickbait sort of view. |
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afbitcoins
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Activity: 2101
Merit: 1061
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March 30, 2017, 09:32:34 PM |
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Well others are posting LTCBTC chart so I might as well too  Heres a look at litecoin on a log price scale which I find makes it easier to see whats really happening.  Interesting to me is that todays big move brought litecoin exactly to the middle of this large channel. If litecoin can break up to the top half it might spike up just short of 0.02. I'm watching that mid line quite carefully myself. |
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Ted E. Bare
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March 30, 2017, 09:36:43 PM |
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Charts everywhere. Confirmed.
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york780
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March 30, 2017, 09:51:01 PM |
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Looks like ETC is mooning now guys.  |
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numismatist
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Activity: 1245
Merit: 1004
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March 30, 2017, 11:25:16 PM |
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after 2 years i start my litecon core wallet again  I heard it will be on Gox soon. Really? I should buy it more before it'll be on Gox. I've wait these news for 4 years If they reach Mt.GOX it's probably the right move to withdrawal all funds from that place I'm just glad to see litecon not beeing completely dead by now. Sensing some walls around 1000$ btw |
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sirazimuth
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Activity: 3766
Merit: 4003
born once atheist
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March 30, 2017, 11:31:15 PM |
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is this the litecoin speculation thread now?  truth be told,it was way past due for a good ole p&d i used to mine those bad boys....ahhh memories! ........anyway... oh yeah ,bitcoin going sideways (yawn)... gotta stay ot doncha know |
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MinermanNC
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Activity: 2212
Merit: 1000
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March 31, 2017, 12:20:08 AM |
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All these Alt coin pumps are short lived for the most part. Great if you have the various coins to sell, or just jump in and go to the moon. But once BTC settles again... it will be back to the same old line up with Alts... starting with ETH |
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MinermanNC
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March 31, 2017, 12:30:16 AM
Last edit: March 31, 2017, 12:42:54 AM by MinermanNC |
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Poli is down oh no Up now lol |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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March 31, 2017, 09:01:26 AM |
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I want my money!
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york780
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March 31, 2017, 09:23:19 AM |
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I want my money!
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york780
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March 31, 2017, 01:32:05 PM |
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Litecoin -20% today
Bbbut mmmoon?
bbbbut litecoin is the crypto silver and bitcoin is gold?
Bbuuut litecoin is not pumped in many years so it will be pumped right now
I told you all. Litecoin is a dead zombie coin. Old litecoin miners 1 - 0 FOMO traders
Rekt once again.
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york780
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March 31, 2017, 02:00:49 PM |
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I told you all. Litecoin is a dead zombie coin. Old litecoin miners 1 - 0 FOMO traders
Rekt once again.
l33tcoin is a derivative of btc fail, FUD, and chaos. So it still looks like a decent hedge. No its a bad hedge. Try Ethereum Classic, there will be a grewscale ETF on Ethereum classic soon. It will moon. |
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york780
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March 31, 2017, 02:17:05 PM |
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No its a bad hedge. Try Ethereum Classic, there will be a grewscale ETF on Ethereum classic soon. It will moon.
If BTC can't manage it, how will ETC pull it off? Do you mean a similar GBTC hack type thing? If these applications continue I assume the SEC will simply program their email to reject anything with the word 'cryptocurrency' in it. Call me a madman but i think that SEC will approve this. Ethereum is centralized, and you can regulate it. This is impossible with Bitcoin. ETH= 50 USD , ETC= 3 USD, cmon it will go to 9 USD at least this year. This is one of the few coins that isnt a pump&dump. I will keep an eye out for this coin. |
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gentlemand
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Activity: 2604
Merit: 3089
Welt Am Draht
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March 31, 2017, 02:20:08 PM |
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Call me a madman but i think that SEC will approve this.
Yup. You're as mad as a Ford Focus being driven by a pheasant wearing a Batman costume. Much of trading takes place on places with even less regulation than your average Bitcoin exchange. The SEC doesn't care about centralised development, just the trading. And that's probably a convenient umbrella for all the other stuff they don't like or understand. |
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travwill
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March 31, 2017, 02:22:09 PM |
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Do we expect to start seeing more buying pressure or demand from Japan, what the 2nd/3rd largest market, officially recognizing Bitcoin as a regulated payment method? This seems very positive overall since it is such a large Bitcoin supporting market... http://www.coindesk.com/japan-bitcoin-law-effect-tomorrow/ |
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gembitz
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March 31, 2017, 02:23:34 PM |
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Call me a madman but i think that SEC will approve this.
Yup. You're as mad as a Ford Focus being driven by a pheasant wearing a Batman costume. Much of trading takes place on places with even less regulation than your average Bitcoin exchange. The SEC doesn't care about centralised development, just the trading. And that's probably a convenient umbrella for all the other stuff they don't like or understand. ^dark pools , naked short sellers, FAIL TO DELIVER ...zzz ~ ;-) |
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york780
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March 31, 2017, 02:24:51 PM |
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Call me a madman but i think that SEC will approve this.
Yup. You're as mad as a Ford Focus being driven by a pheasant wearing a Batman costume. Much of trading takes place on places with even less regulation than your average Bitcoin exchange. The SEC doesn't care about centralised development, just the trading. And that's probably a convenient umbrella for all the other stuff they don't like or understand. Made me smile . At least check this out: https://grayscale.co/ethereum-investment-trust/I think it has a much higher chance of approval than a bitcoin ETF. Its just starting |
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gentlemand
Legendary
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Activity: 2604
Merit: 3089
Welt Am Draht
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March 31, 2017, 02:25:28 PM |
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Do we expect to start seeing more buying pressure or demand from Japan, what the 2nd/3rd largest market, officially recognizing Bitcoin as a regulated payment method? This seems very positive overall since it is such a large Bitcoin supporting market... http://www.coindesk.com/japan-bitcoin-law-effect-tomorrow/Japanese 'dominance' is down to the zero fee exchanges. We all saw what happened when that came to an end in China. As far as I can tell no one in Japan has much or anything to do with Bitcoin. Maybe this might produce a wee boost, or squash any innovation there completely. |
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