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Asrael999
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June 12, 2017, 11:12:51 AM |
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Short version people are dumping Bitcoin for ETH. |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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B1tUnl0ck3r
Sr. Member
 Offline
Activity: 854
Merit: 277
liife threw a tempest at you? be a coconut !
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June 12, 2017, 11:13:41 AM |
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Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).
What's the size of the mempool?
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dwtan
Newbie
Offline
Activity: 11
Merit: 0
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June 12, 2017, 11:14:13 AM |
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time to grab some bitcoin  |
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JakaE
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June 12, 2017, 11:15:27 AM |
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Short version people are dumping Bitcoin for ETH. I don't think so. ETH crashed from 400 to 320 at around the same time and even faster. It recovered faster too. |
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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June 12, 2017, 11:16:35 AM |
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What exchange can I use to buy ETH? Need to prepare myself.
I cannot log into coinbase and gemini.exchange doesn't work in my country
kraken ? poloniex ? |
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0rganic
Member
Offline
Activity: 119
Merit: 10
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June 12, 2017, 11:17:22 AM |
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Thanks just bought another 100 Bitcoin |
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ShroomsKit_Disgrace
Legendary
Offline
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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June 12, 2017, 11:17:33 AM |
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Shorting ETH/BTC is probably a very good idea right now.
What exchange can I use to buy ETH? Need to prepare myself.
I cannot log into coinbase and gemini.exchange doesn't work in my country
Which version of you should I trust? |
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
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June 12, 2017, 11:17:59 AM |
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Well, it was good while it lasted. Time to go buy a bunch of treasury bonds and hope they take off.
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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June 12, 2017, 11:18:32 AM |
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i bet marketcaps will meet at ethereum 500 dollars
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Asrael999
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June 12, 2017, 11:18:35 AM |
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Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).
What's the size of the mempool?
Which is why the Lightning network is also necessary, Bitcoin as is cannot sustain itself. Not enough TPS to sustain itself with a low block reward. New users look at the fees and go you know what I'll use something else. |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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June 12, 2017, 11:19:23 AM |
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Shorting ETH/BTC is probably a very good idea right now.
What exchange can I use to buy ETH? Need to prepare myself.
I cannot log into coinbase and gemini.exchange doesn't work in my country
Which version of you should I trust? Apparently neither. |
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
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June 12, 2017, 11:20:48 AM |
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Just as I said when the price rose 10% in one day that it will correct itself...a 10% drop will certainly correct itself too (as it appears to be doing).
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LFC_Bitcoin
Legendary
Offline
Activity: 3528
Merit: 9544
#1 VIP Crypto Casino
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June 12, 2017, 11:22:16 AM |
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Check out all the trolling & FUD, OMG the price has been 'dumped' to $2780, what ever will us bitcoin'ers do?
I wish all the ETH talk could be confined to the altcoin section.
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toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
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June 12, 2017, 11:23:22 AM |
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Always remember the best time to buy Ether is at the most monumentally FOMO'd multiple times all-time-high expensive spike of all time - specially if you are a Bitcoin whale and need to be "fleeced" of significant parts of your holdings  Also remember that the best time to buy Ether is when it's just mature enough for hundreds of bubbly ICO's to be requiring millions of Ether in exchange for hot air, but not far enough down the line for all the competitors that are about to make its tech obsolete to be significantly visible over the horizon. (specially if you are a Bitcoin whale and need to be "fleeced".....). |
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Icygreen
Legendary
Offline
Activity: 1463
Merit: 1135
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June 12, 2017, 11:24:19 AM |
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I carry about 50\50 in my portfolio with no other cryptos and the dollar balance didn't really fluctuate during this. Actually I'm even up a little now.
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B1tUnl0ck3r
Sr. Member
Offline
Activity: 854
Merit: 277
liife threw a tempest at you? be a coconut !
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June 12, 2017, 11:24:45 AM |
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Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).
What's the size of the mempool?
Which is why the Lightning network is also necessary, Bitcoin as is cannot sustain itself. Not enough TPS to sustain itself with a low block reward. New users look at the fees and go you know what I'll use something else. at least we agree on the problem : not enough tps. saying that excluding the fees. I agree it's problematic to modify the blocksize. But 7 tps is quite low for a worldwide system. my problem with lightning is that it's another layer of instability / security issue. I find way more simple to raise the block size and if you look at internet connectivity or harddrive space or processing power since 2009 there has been a big increase in performance. Today a 100mb block wouldn't hurt anyone. but to be more gradual a 10 mb is nothing special. who will control the lightning network? with a 10 /100 /1000 mb block consensus there shouldn't be any more problem as of now. |
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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June 12, 2017, 11:25:30 AM |
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bitfinox has such dumps and bounces wish kraken could do the same sometimes  |
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Denker
Legendary
Offline
Activity: 1442
Merit: 1014
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June 12, 2017, 11:30:23 AM |
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What exchange can I use to buy ETH? Need to prepare myself.
I cannot log into coinbase and gemini.exchange doesn't work in my country
Try out Kraken. Works good in general. You can buy and sell Eth for fiat there as well. |
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Asrael999
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June 12, 2017, 11:33:27 AM |
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Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).
What's the size of the mempool?
Which is why the Lightning network is also necessary, Bitcoin as is cannot sustain itself. Not enough TPS to sustain itself with a low block reward. New users look at the fees and go you know what I'll use something else. at least we agree on the problem : not enough tps. saying that excluding the fees. I agree it's problematic to modify the blocksize. But 7 tps is quite low for a worldwide system. my problem with lightning is that it's another layer of instability / security issue. I find way more simple to raise the block size and if you look at internet connectivity or harddrive space or processing power since 2009 there has been a big increase in performance. Today a 100mb block wouldn't hurt anyone. but to be more gradual a 10 mb is nothing special. who will control the lightning network? with a 10 /100 /1000 mb block consensus there shouldn't be any more problem as of now. I agree a move to bigger blocks solves a lot of problems - I would like both big blocks and other solutions, and a long term pathway to deal with things as usage expands (and the moon on a stick ) We are still using a network that was inefficient with 1mm wallets in 2014 when we now have close to 14.5mm wallets open |
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
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June 12, 2017, 11:35:28 AM |
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Check out all the trolling & FUD, OMG the price has been 'dumped' to $2780, what ever will us bitcoin'ers do?
I wish all the ETH talk could be confined to the altcoin section.
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