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Author Topic: If BTC really survives over the next days...  (Read 5935 times)
virtualdn
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May 17, 2017, 10:07:19 PM
 #1

...it will prove it's the king of crypto

your link here
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May 17, 2017, 10:27:38 PM
 #2

...it will prove it's the king of crypto
Well it's not dead yet, and is showing mostly signs of strength right now, so I'm thinking that it's doing a damn good job maintaining its position. Still has a $30B market cap according to coinmarketcap right now, and the only competitor is XRP and ETH, and XRP is flying high on speculation. Not much backing it up right now beyond that.
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May 17, 2017, 10:49:16 PM
 #3

I think that bitcoin is and will be the king of crypto at least for few years to come. Hardly any other coin has the capability to take over bitcoin even with technical superiority. Bitcoin enjoys the privilege of being the first crypto currency and huge public trust. Many people have taken a huge stake in bitcoin and they will not want the price to come down so easily.

If we compare the market cap of bitcoin, it enjoys the highest numbers and the closest competitor is Ripple with half of bitcoin's market cap. So I am not worrying about any crash that may come in. I will keep believing in bitcoin.   

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May 17, 2017, 10:49:59 PM
 #4

...it will prove it's the king of crypto

I'm sure it will. It's a little bumpy road at the moment but if (some) miners stop being pricks, this might fly over smoothly. Tho it might take a little more than the next few days. :/

Bitcoin is the King of Crypto at this point. :p

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May 17, 2017, 11:18:44 PM
 #5

What? Is it bitcoin dying again? How many times it was dead already? Bitcoin is like a zombie who always re-borns after death.
If to talk serious, this thread will become paradise for signature spammers. Let's prepare for answers such like "Bitcoin isn't dying because blah blah nlah.

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May 17, 2017, 11:22:56 PM
 #6

bitcoin will survive, something needs to be done to deal with the unconfirmed transactions though
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May 17, 2017, 11:28:43 PM
 #7

What? Is it bitcoin dying again? How many times it was dead already? Bitcoin is like a zombie who always re-borns after death.
If to talk serious, this thread will become paradise for signature spammers. Let's prepare for answers such like "Bitcoin isn't dying because blah blah nlah.
Probably just freaking out because we haven't implemented a bigger blocksize yet and the transaction queue is growing, but it doesn't really make me freak out yet because the market seems relatively comfortable with what's going on, and there's nothing that indicates Bitcoin collapsing yet. I'm still going to truck on as usual and not really worry about anything until more constructive debates are had.
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May 17, 2017, 11:37:28 PM
 #8

The unconfirm transaction in the blockchain was really a bad thing for the bitcoin i dont thing it is a good thing wasting for almost 4 days just to confirmed a small transaction in the blockchain i guess bitcoin really need a upgrade in transaction because the bitcoin users are also increasing rapidly.

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May 17, 2017, 11:38:37 PM
 #9

Bitcoon will survive, at least for the next few years because there are a lot of site and shops accepting bitcoin payment, although the dominance is fall down and there are many complaints about the fee and the transaction speed, but the bitcoin implementation is wider than other alt coins, so for temporary bitcoin will still be the king
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May 18, 2017, 01:58:41 AM
 #10

...it will prove it's the king of crypto

yes it survived, bitcoin regained its value, right after the ransomware i have heard it fluctuated because of the ransomware am i right? , bitcoin will always be the king and the father of all alt coins. it has a many supporters and the devs are good, they doesnt keep bitcoin to be fluctuated they will making a way, many people trusted bitcoin too much.



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May 18, 2017, 02:12:55 AM
 #11

Are you hinting that there's a possibility of a plunge? Gonna stash some money now for buying cheap later! LOL.  Grin

I would have been more apprehensive of bitcoin's survival due to the forking debate if Japan and Australia had not recognized it. We'll probably get through this just fine. Like someone here already said, there are bumps on the road.

If you got into bitcoins, that means you are willing to risk the money you invested in this. If the money has already gained more than 50% from what it was when you invested, why be worried with a small drop like 20% or so?  Smiley
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May 18, 2017, 05:36:27 AM
 #12

Wouldn't worry too much about BTC staying at the top. What does bitcoin have to be scared of? XRP? It's already going down massively today 17% down and that's only the beginning.
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May 18, 2017, 05:37:49 AM
 #13

...it will prove it's the king of crypto

then it's settled, bitcoin is the king of crypto since this has been going on for at least 2 years and only the severity has increased. and this is not something that can "kill" bitcoin. it only pisses users off while miners earn a lot more money.

That Crown has been rusting for the past few months.
Now BTC Dominance: 48.6%  down from almost 88% in Dec 2016.
It is a economic paradigm shift in the digital world.  People will recognize it or be crushed by it.
Their call.

just be careful when the whales you are advertising for started to dump on your head.

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May 18, 2017, 05:50:15 AM
 #14

...it will prove it's the king of crypto

Bitcoin is under pressure this days and the reason is the hundred of thousands of pending transactions in the mempool. Aside from that there are movements coming from this new coin the so called TBC or the billion coins, they have announced that later this year they are going to launch the fiat exchanger to several countries across the globe. Unlike bitcoin this coin does not suffer from volatility since they are programmed to increase in value daily. If bitcoin cannot solve its recent problems then we will experience a tremendous shift from bitcoin to TBC.

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May 18, 2017, 06:01:15 AM
 #15

The bitcoin will surely survive, but it can live a lot better if it solves the scalability and performance issue. Technologies are there, just up to core team to do it.

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May 18, 2017, 06:12:16 AM
 #16

...it will prove it's the king of crypto

Bitcoin is under pressure this days and the reason is the hundred of thousands of pending transactions in the mempool. Aside from that there are movements coming from this new coin the so called TBC or the billion coins, they have announced that later this year they are going to launch the fiat exchanger to several countries across the globe. Unlike bitcoin this coin does not suffer from volatility since they are programmed to increase in value daily. If bitcoin cannot solve its recent problems then we will experience a tremendous shift from bitcoin to TBC.

Not just that but many more issues has to be solved sooner or later in order to be the number 1 cryptocurrency. Otherwise, BTC will just be an asset, nothing more and people will move on to some other altcoin for a regular transaction. Already we have seen the growth in many altcoins and its mainly because of the problems in BTC.


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May 18, 2017, 06:28:41 AM
 #17

I still do not see a reson why bitcoin should be in danger, or under pressure.
It's nearly at an all time high if I read the numbers correctly...
And regarding the marKet capitalization:
Number two is ripple. Somehow it should be worth nearly half of bitcoin. Ripple is a premined coin. How should that end up?
Market capitalization is a number without any meaning.

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May 18, 2017, 06:38:10 AM
 #18

Ha Ha Ha. Another BTC obituary, probably number 100000000000 so far. Oh yes, it will survive. Not only that, we ll see $2k quite soon. Once we finally get SegWit, we ll see $3k.

Just be patient and get as much coins as possible. This is a once in the lifetime opportunity.

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May 18, 2017, 07:30:26 AM
 #19

Ha Ha Ha. Another BTC obituary, probably number 100000000000 so far. Oh yes, it will survive. Not only that, we ll see $2k quite soon. Once we finally get SegWit, we ll see $3k.

Just be patient and get as much coins as possible. This is a once in the lifetime opportunity.
Tell that all you want day and night as it wont matter because only the smartest take note of it.
I'm begging every body I know to not just give me the money so I can buy Bitcoins but they do it themselves because they're my family and friends and I want to them rich and successful but all they do is hesitating and doubting even now. but one thing that is people like that wont buy any coins even if price goes back to $800 because some people are unable to see what a good opportunity is or maybe they just don't deserve this chance.

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May 18, 2017, 07:36:02 AM
 #20

Why all this dramatic posts about Bitcoin dying or going to be dead soon? I'm not sure I could understand. Bitcoin has some problems and issues, that is true, but there is nothing that couldn't be solved and people realy shouldn't give up so easy and spread the panic without any good reason.

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May 18, 2017, 07:38:08 AM
 #21

What? Is it bitcoin dying again? How many times it was dead already? Bitcoin is like a zombie who always re-borns after death.
If to talk serious, this thread will become paradise for signature spammers. Let's prepare for answers such like "Bitcoin isn't dying because blah blah nlah.
Probably just freaking out because we haven't implemented a bigger blocksize yet and the transaction queue is growing, but it doesn't really make me freak out yet because the market seems relatively comfortable with what's going on, and there's nothing that indicates Bitcoin collapsing yet. I'm still going to truck on as usual and not really worry about anything until more constructive debates are had.

Bitcoin would not be dead anytime soon, but how long would it be able to dominate other altcoins if the current scenario continues for another year or so? There have been many instances of unconfirmed transactions in the past, but yesterday there were around 200622 unconfirmed transaction and that is something to be concerned about.

Market seems relatively stable, but if a scenario like yesterday keeps repeating then obviously bitcoin users would jump to other altcoins. The scaling debate continues, can't blame the miners, increased adoption, increased transactions, increased fee, blocksize still the same.

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May 18, 2017, 07:44:51 AM
 #22

I dont think bitcoin would be dying soon. But these past few weeks always encountered of delayed transactions that took into 1weeks. They should really resolved this issue, because many people are worrying about it. Thus, ww can observe now that bitcoin price is increasing still these days.


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May 18, 2017, 07:49:05 AM
 #23

Another day, another thread on how bitcoin is dying, has died or going to.

I always love to use this website to see how many times bitcoins have died according to "tech writers" , currently at an impressive 129 times too.

https://99bitcoins.com/bitcoinobituaries/

On a serious note, why would you even think that bitcoin is going to die? Because of unfixed differences between devs about activating segwit? Or the recent wanncry attacks putting bitcoin in the limelight.

Always remember that bad publicity spreads faster and reaches more people than good ones. And this time around, we were just being used in the payment process, sounds like good publicity for me

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May 18, 2017, 07:51:10 AM
 #24

I dont think bitcoin would be dying soon. But these past few weeks always encountered of delayed transactions that took into 1weeks. They should really resolved this issue, because many people are worrying about it. Thus, ww can observe now that bitcoin price is increasing still these days.

Delays are not indication of bitcoin dying, It is just the result of how many users are already using it. The developer blockchain needs to  improve their service and increase data so that in serve huge volume of transaction. There are tons of pending transaction today and and it is not advisable to transact ATM.

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May 18, 2017, 08:22:38 AM
 #25

I dont think bitcoin would be dying soon. But these past few weeks always encountered of delayed transactions that took into 1weeks. They should really resolved this issue, because many people are worrying about it. Thus, ww can observe now that bitcoin price is increasing still these days.

Delays are not indication of bitcoin dying, It is just the result of how many users are already using it. The developer blockchain needs to  improve their service and increase data so that in serve huge volume of transaction. There are tons of pending transaction today and and it is not advisable to transact ATM.
I agree with you. The delays are just a sign that bitcoin is growing and getting more attention and also user. If there is no delay, i think it is clear that there is only few people using it but the current situation now is opposite to that and a lot of people are investing and buying bitcoin even the price is currently high and it caused too much delay but the core team will fix it soon.

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May 18, 2017, 08:31:11 AM
 #26

I don't believe that bitcoin will die these following days because many investors already invest in bitcoin and japan was done legalized bitcoin..
So its impossible that bitcoin will be die soon.. like other said its already been discuss before and hundred times mention that bitcoin will be die.. not this time bitcoin is starting to be use as normal payment method like other payment method online and many company are hoping about bitcoin to stay long.
So if you are thinking that bitcoin will be die soon don't expect it. because bitcoin has a longer live than yours..

-Mining is Dead but true miners remain-
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May 18, 2017, 08:38:03 AM
 #27

What does bitcoin have to be scared of?

Other coins with blockchains that aren't artificially limited by a corporate takeover attempt to relegate it to a settlement layer?

I suspect that bitcoin losing 50% market dominance is a major event. It's been dropping like a stone.
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May 18, 2017, 08:43:55 AM
 #28

What does bitcoin have to be scared of?

Other coins with blockchains that aren't artificially limited by a corporate takeover attempt to relegate it to a settlement layer?

I suspect that bitcoin losing 50% market dominance is a major event. It's been dropping like a stone.


I think bitcoin no longer dominates the market, some recent surveys have proven that, some other currencies are rising and competing with bitcoin. Unconfirmed transactions are a major cause for discouraging people who may stop using bitcoin at any time.

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May 18, 2017, 09:30:39 AM
 #29

Bitcoin have a large problem in its hands but the ones who have the power to solve it is sitting on the solution just to earn more money. It is bad, it can kill bitcoin, and only time can tell if they will allow it to happen or not. Fees will continue to bloat as more people get into bitcoin and they will get tired of either paying high fees or waiting for confirmation. Either way, the solution is there, but users can implement. Only miners can. So bitcoin's fate is in their hands.

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May 18, 2017, 09:38:05 AM
 #30

Its already the King Of crypto .

There are more users of btc right now then any Other cypto .


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May 18, 2017, 10:29:21 AM
 #31

The more naysayers talk about bitcoin’s demise, the longer it is going to be around. We have to admit that it is far from being perfect, at its current state, but the solutions to make it better are all there and it is just a matter of working on some compromises for bitcoin to really live up to its high billing. We may sound like a broken record for for saying these things but that is the only way for bitcoin to further improve.


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May 18, 2017, 10:37:55 AM
 #32

Bitcoin is and always will be the king of cryptocurrencies and it does not need any prooving. No other cryptocurrency can get even close to Bitcoin, because itbis the first one. I see guys specaulating every month that it will die, but it doesn't die, its a strong currency and it survived everything, this wont stop it.

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May 18, 2017, 10:43:45 AM
 #33

If something occurs like a hack on an exchange the price may plummet, but I am guessing it will survive .
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May 18, 2017, 10:50:40 AM
 #34

...it will prove it's the king of crypto
No one could put a period on bitcoin on when and how long it would last but knowing on its current development and value its hard to say that it cant survive over next days or years to come on bitcoin.Btc is really the king of all cryptocurrency since its the first created coin and yet still kicking and rising its value which cant hardly be replaced easily by some altcoin in the market.







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May 18, 2017, 11:10:47 AM
 #35

Its already the King Of crypto .

There are more users of btc right now then any Other cypto .



Yep, although Ripple is booming lately trading volume of Bitcoin for the last 24h is still three times higher than that of Ripple and five times higher than that of Ethereum. And any other crypto has even much more lower trading volume. So Bitcoin is not dying yet. )

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May 18, 2017, 11:29:56 AM
 #36

...it will prove it's the king of crypto
No one could put a period on bitcoin on when and how long it would last but knowing on its current development and value its hard to say that it cant survive over next days or years to come on bitcoin.Btc is really the king of all cryptocurrency since its the first created coin and yet still kicking and rising its value which cant hardly be replaced easily by some altcoin in the market.
Bitcoin is old cryptocurrency, so it is booming in digital currency world. And more people are addicted to this just because of this price. No other altcoins will touch this price that is why this become king of cryptocurrency. And BTC takes a long time to introduce all over the world, and still, 80% of people in the world don't know what is BTC. in this situation other coins will take years to replace this BTC.
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May 18, 2017, 11:41:04 AM
 #37

...it will prove it's the king of crypto

Bitcoin is the undisputed king of cryptocurrencies and it` doesn`t need any proof for that.
Why does bitcoin need to "survive over the next days"?
I don`t know about any important events regarding btc.

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May 18, 2017, 11:56:37 AM
 #38

If something occurs like a hack on an exchange the price may plummet, but I am guessing it will survive .

A Korean exchange was hacked a few days back and $7 million worth of coins and cash stolen. There was hardly any impact on the exchange rates. It seems that we are well past that stage. But I am worried about the rise of altcoins (especially Ripple).

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May 18, 2017, 11:58:51 AM
 #39

Bitcoin will always be the best at price , but at market cap don't know some coins might pass it like XRP if it reaches $1 Smiley

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May 18, 2017, 12:32:13 PM
 #40

...it will prove it's the king of crypto
Wait, so it isn't? I mean it's very clear that Bitcoin IS the current King of crypto's, I mean just compare its market cap with other crypto's its around 10 times more. If BTC survives over next days, which it most likely will, I will just continue being the king.
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May 18, 2017, 12:38:30 PM
 #41

Why would bitcoin not survive over the "next days?"

Of course it will survive.  It may go up, it may go down, transaction fees could increase again, we could have 1M waiting transactions.  But it will still survive it.

Eventually, this block-size debacle will be solved, and it will be behind us.  One way or the other.

And, long term, I think bitcoin value will continue to increase (though I expect there may be some wild pull-backs at times).

I mean, what else are you going to do, put your money in a savings account in a bank?  It's FDIC insured, right?  LOL.
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May 18, 2017, 02:11:47 PM
 #42

It will survive. I am sure of it. Too many people use it for it to go away. It just needs some updates done every so often to make it more useable.



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May 18, 2017, 02:32:28 PM
 #43

Why do people keep using market-cap either as defense or as an attack on measuring importance/viability of a coin? It's by far the most misleading metric! Especially with all the launches with only 5% of coins for sale, leading to an instantly huge market-cap.

Why not use number of transactions? Or number of merchants accepting a coin? Maybe the number of unique addresses used?

Using any or all of these metrics also shows the massive gap there is between BTC and any other coin ...

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May 18, 2017, 02:37:33 PM
 #44

Why do people keep using market-cap either as defense or as an attack on measuring importance/viability of a coin? It's by far the most misleading metric! Especially with all the launches with only 5% of coins for sale, leading to an instantly huge market-cap.

Why not use number of transactions? Or number of merchants accepting a coin? Maybe the number of unique addresses used?

Using any or all of these metrics also shows the massive gap there is between BTC and any other coin ...

Generally I think people are lazy to read other numbers they cannot see directly from the details of the coin. All they see are the easy information and they decide from that. There are a lot of coins that have so much market cap but they just die, because no one really uses them. Bitcoin, compared to others, is the most used coin, which translates to having real value than other coins.

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May 18, 2017, 02:38:20 PM
 #45

...it will prove it's the king of crypto

That Crown has been rusting for the past few months.
Now BTC Dominance: 48.6%  down from almost 88% in Dec 2016.

It is a economic paradigm shift in the digital world.  People will recognize it or be crushed by it.
Their call.




╥AztekPhoenix

Only braindead idiots still didn't catch up with the facts: The BTC Dominance ratio is fucking stupid because it means nothing. BTC is only higher everyday, how can you call it dead?

The BTC Dominance ratio is rigged

https://medium.com/bitcoinfoundation/the-bitcoin-dominance-indicator-fallacy-2b11093869d4

Anyone can pump and dump a premined coin and call it a day, big fucking whoop!

This is exactly what we are seeing right now with the ripple scam. a 100% premined coin is getting pumped and it's #2 marketcap. This means BTC is losing dominance? Nope, it just means a centralized scam that doesn't even have a blockchain is getting pumped. Who cares?

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May 18, 2017, 02:47:43 PM
 #46

This will be a very much anticipated thing. Anyone who knows bitcoin today would want bitcoin to be a recognized currency.
Not offcially, but to the extent allowed and supported all things related to bitcoin.

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May 18, 2017, 03:33:28 PM
 #47

We have survived much bigger hurdles than a few scaling problems. After MtGox, people thought it was the end of Bitcoin and guess what... We

survived.  Roll Eyes .... People thought Silkroad and drugs were the only thing that carried Bitcoin volumes and guess what... They were wrong.  Wink

We will not go down without a fight... and there is a lot of fight in most of us.  Grin

Spot available if you want to advertise something :->
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May 18, 2017, 03:41:24 PM
 #48

hard to know. There are more than 200000 transactions unconfirmed on the blockchain and it is not very good, People will get insane about their money keep getting pending like that. Bitcoin is driving people crazy and more people will give up on Bitcoin. Maybe it is time for another altcoin to rise

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May 18, 2017, 03:47:15 PM
 #49

hard to know. There are more than 200000 transactions unconfirmed on the blockchain and it is not very good, People will get insane about their money keep getting pending like that. Bitcoin is driving people crazy and more people will give up on Bitcoin. Maybe it is time for another altcoin to rise
its seems that the more its been stuck the more the price/value is moving up so fast, might be possible those freeze coins are
making people really mad and shaken coming from their investment, but it will survive since there's a lots of things already
happen and bitcoin still surviving.

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May 18, 2017, 04:31:43 PM
 #50

hard to know. There are more than 200000 transactions unconfirmed on the blockchain and it is not very good, People will get insane about their money keep getting pending like that. Bitcoin is driving people crazy and more people will give up on Bitcoin. Maybe it is time for another altcoin to rise
Bitcoin will survive! once we get bitcoin scaling issue resolved, everything will go smoothly. the only question is when are we going to get solution to scaling problem. i'll always be a bitcoiner, i'm not going to take chances on altcoins.

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You Can See Me Now, Hi :}
VARANIDA

 
 
 
 
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|Hello Again
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May 18, 2017, 06:19:35 PM
 #51

Ha Ha Ha. Another BTC obituary, probably number 100000000000 so far. Oh yes, it will survive. Not only that, we ll see $2k quite soon. Once we finally get SegWit, we ll see $3k.

Just be patient and get as much coins as possible. This is a once in the lifetime opportunity.
Tell that all you want day and night as it wont matter because only the smartest take note of it.
I'm begging every body I know to not just give me the money so I can buy Bitcoins but they do it themselves because they're my family and friends and I want to them rich and successful but all they do is hesitating and doubting even now. but one thing that is people like that wont buy any coins even if price goes back to $800 because some people are unable to see what a good opportunity is or maybe they just don't deserve this chance.


It never ceases to amaze me how shortsighted people are and don't get this simple truth. Its called the big picture.
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May 19, 2017, 12:39:36 AM
 #52

Bitcoin will have many more problems moving forward. The community will get better at solving them too. Dont make too big of a deal out of this incident.

First Venture Capital backed Crypto | GetCLAMS-GCS | https://goo.gl/ER9djG
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May 19, 2017, 12:42:55 AM
 #53

New ATH: >1.900 USD

 Wink

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May 19, 2017, 02:21:22 AM
 #54

I still find it amusing how some people are still panicky with bitcoin. I mean, if you bought them below $100, I'd expect you to be unfazed even if the price drops by half today. Grin

I might sound extremely optimistic but as of this moment none of the alts seem to have a large enough saturation as bitcoin and many don't really offer anything new. It's telling that they are still valued in comparison with their price in bitcoin.

Wouldn't worry too much about BTC staying at the top. What does bitcoin have to be scared of? XRP? It's already going down massively today 17% down and that's only the beginning.

I just bought some xrp yesterday....   Grin
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May 19, 2017, 03:33:53 AM
 #55

Bitcoin will survive, is the king and will be..  This is just noise.. Bitcoin may face much more challenging issue in the years to come..
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May 19, 2017, 04:14:37 AM
 #56

...it will prove it's the king of crypto
a surviving crypto over the next days will be king? btc, eth, xrp can do that and they have no signs of death. I think that can't be a standard for the title of king. who knows when bitcoin will also have many problems even today many people complain about slow and expensive bitcoin transactions.


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May 19, 2017, 04:19:10 AM
 #57

...it will prove it's the king of crypto
a surviving crypto over the next days will be king? btc, eth, xrp can do that and they have no signs of death. I think that can't be a standard for the title of king. who knows when bitcoin will also have many problems even today many people complain about slow and expensive bitcoin transactions.
What's been mentioned were the problems that got arose long back itself. One thing that gives the perfect growth is the adoption of bitcoin. Though there are negative statements higher than positive statements for bitcoin the adoption keeps counting. This surely make the bitcoin to survive long without death.

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May 19, 2017, 05:19:40 AM
 #58

...it will prove it's the king of crypto
Bitcoin will never die. Bitcoin will be always the king of the cryptocurrency and no altcoins can beat bitcoin. Because of the power that the bitcoin have, it is the always no.1 cryptocurrency.

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May 19, 2017, 05:49:45 AM
 #59

...it will prove it's the king of crypto
well it already proved that btc is still the king of crypto why? bitcoin is still dominating and holding 50 percent of the whole market capitalization of cryptocurrencies despite of it's issues regarding scaling, spam attacks and the increasing miner fees. although it's quite alarming that bitcoin's dominance are reducing time to time i think it's time to solve the issues and make bitcoin great again



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May 19, 2017, 05:10:31 PM
 #60

I can say that in the off chance that bitcoins leadership starts to slip, it would probable happen fast because over a short period of time once it crosses the point of no return. That's said it wont die there are way too many die hard supporters.

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May 19, 2017, 05:46:10 PM
 #61

New ATH: >1.900 USD

 Wink

Guess it's proven to the OP already because we are a little short of the dream $2000. A weebit more and then we head for 2k+



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May 19, 2017, 06:53:59 PM
 #62

Bitcoin is indeed the king of crypto currencies ever since and up until now. Days will not suffice to make bitcoin down on its knees. Bitcoin has been around for years now and it has proven its strength despite of all the issues it encountered and currently dealing with. Bitcoin's price might drop but it will take more than that to stop bitcoin. Transaction confirmation may be too long but it is not enough to turn people away from bitcoin. Surely, as the people demands for bitcoin, developers will compromise and resolve these issues.





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May 19, 2017, 09:00:27 PM
 #63

New ATH: >1.900 USD

 Wink

Guess it's proven to the OP already because we are a little short of the dream $2000. A weebit more and then we head for 2k+

Even if the price evolves beyond that point, there is no way of predicting what the new bottom is
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May 19, 2017, 09:10:55 PM
 #64

...it will prove it's the king of crypto

What proof do you really need to see that bitcoin is already the king of crypto world? $3000? $5000 price? I think bitcoin has nothing to prove anymore. Accumulating it as investment or store of value more than any altcoins makes it the most trusted crypto right now.

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bibiqua
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May 19, 2017, 09:21:20 PM
 #65

bitcoin is already the king of crypto world?

Be aware, that quite a number of kings have been decapitated when they failed to do their job properly.

Thanks for the brilliant analogy!
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May 19, 2017, 09:24:57 PM
 #66

Why wouldn't it survive over the next few days? I don't understand why you ask that???

Of course it is going to survive lol. Just because bitcoin leadership is slipping and getting chaotic doesn't mean much. Eventually they will have to cave in to what the community wants.



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May 19, 2017, 09:33:02 PM
 #67

Why wouldn't it survive, am i missing something?

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May 19, 2017, 09:42:55 PM
 #68

Why wouldn't it survive, am i missing something?
Yes, you are missing a lot. With current 1 MB blocks we estimate that Bitcoin network has around 120 days left before the memory pool will increase infinitely.
We need to have scaling solution ASAP to prevent situation like this. The best way IMO is to pick the best technology: SegWit which is far superior (allows off-chain solution) and safer than BU.
I think it's about time... if we will wait more, it can be too late.


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dejavvu
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May 19, 2017, 09:47:34 PM
 #69

Why wouldn't it survive, am i missing something?
Yes, you are missing a lot. With current 1 MB blocks we estimate that Bitcoin network has around 120 days left before the memory pool will increase infinitely.
We need to have scaling solution ASAP to prevent situation like this. The best way IMO is to pick the best technology: SegWit which is far superior (allows off-chain solution) and safer than BU.
I think it's about time... if we will wait more, it can be too late.

No, I'm not. Stop with these dooms day scenarios. Everybody knows what is going on and something will be done.

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May 19, 2017, 09:54:31 PM
 #70

Why wouldn't it survive, am i missing something?
Yes, you are missing a lot. With current 1 MB blocks we estimate that Bitcoin network has around 120 days left before the memory pool will increase infinitely.
We need to have scaling solution ASAP to prevent situation like this. The best way IMO is to pick the best technology: SegWit which is far superior (allows off-chain solution) and safer than BU.
I think it's about time... if we will wait more, it can be too late.

No, I'm not. Stop with these dooms day scenarios. Everybody knows what is going on and something will be done.
I merely stated the fact. This is no doomsday scenario nor FUD. Something needs to be done fast - and this is what we all need and wait for.
Actually, I think that increasing number of unconfirmed transactions is a good thing - under pressure miners will be more prone to act and find scaling consensus already.


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May 19, 2017, 10:05:16 PM
 #71

Why wouldn't it survive, am i missing something?
Yes, you are missing a lot. With current 1 MB blocks we estimate that Bitcoin network has around 120 days left before the memory pool will increase infinitely.
We need to have scaling solution ASAP to prevent situation like this. The best way IMO is to pick the best technology: SegWit which is far superior (allows off-chain solution) and safer than BU.
I think it's about time... if we will wait more, it can be too late.

No, I'm not. Stop with these dooms day scenarios. Everybody knows what is going on and something will be done.
I merely stated the fact. This is no doomsday scenario nor FUD. Something needs to be done fast - and this is what we all need and wait for.
Actually, I think that increasing number of unconfirmed transactions is a good thing - under pressure miners will be more prone to act and find scaling consensus already.

Look I'm not single-handedly calling you out. I meant in general. We have been going over these scenarios since the inception of BTC. I get it, people love drama, tension and all but a lot happened since then. MTGox, Silkroad, ETH hack whatever. Where we are now is that BTC is too big to fall. That does not mean It can't ever fall but it won't fall easily and even if it does what really is the problem. The idea will stay. We are now living in a world where we need crypto some way or another. Some solutions will always come up be it BTC related or not. In BTC's case i'm sure they will come to an agreement sooner than later.

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May 19, 2017, 11:06:53 PM
 #72

How much more rally are we going to see with bitcoin,i would like to see the price crossing $2000 with this rally and it looks like all the alts are moving up and ETH is having a good rally right now and it could also break new price records on its way as i expect a good return in a weeks  time.
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May 20, 2017, 04:03:28 PM
 #73

Why wouldn't it survive, am i missing something?
Yes, you are missing a lot. With current 1 MB blocks we estimate that Bitcoin network has around 120 days left before the memory pool will increase infinitely.
We need to have scaling solution ASAP to prevent situation like this. The best way IMO is to pick the best technology: SegWit which is far superior (allows off-chain solution) and safer than BU.
I think it's about time... if we will wait more, it can be too late.

No, I'm not. Stop with these dooms day scenarios. Everybody knows what is going on and something will be done.
I merely stated the fact. This is no doomsday scenario nor FUD. Something needs to be done fast - and this is what we all need and wait for.
Actually, I think that increasing number of unconfirmed transactions is a good thing - under pressure miners will be more prone to act and find scaling consensus already.

This is precisely the type of FUD I expect from Core-bois. Pressure to adopt Segwit "or else". And it's a logical reason Core would spam the mempool to hell.

Another solution would be to start dropping the spam transactions.
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May 20, 2017, 04:10:46 PM
 #74

Another solution would be to start dropping the spam transactions.

Please enlighten us with some evidence that it's spam transactions what's filling up the mempool.

Eplain: Almost all of the lagging transactions from the last two weeks are backed with >120 Sat/B fee. Who's going to afford this expensive Spam?

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May 20, 2017, 04:24:46 PM
 #75

Another solution would be to start dropping the spam transactions.

Please enlighten us with some evidence that it's spam transactions what's filling up the mempool.

Eplain: Almost all of the lagging transactions from the last two weeks are backed with >120 Sat/B fee. Who's going to afford this expensive Spam?



For spam, you could try the forum search function to find the 10+ threads discussing, but this should get you started:

https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f

The person holding lots of coin can afford the fees to spam, because the price keeps going up. BTW that's another plausible explanation of the spam, exchanges and whales using up blockspace to buy coins from themselves repeatedly, driving prices up.

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May 20, 2017, 04:53:05 PM
 #76

What are you talking about ? It already is the crypto King it is the original crypto currency. Though the fees are getting insane man like $1 per transaction or you wait forever or you don't get it sent at all. A bit annoying. But still I love Bitcoin and it is here to stay for many many more years to come. It will find a solution soon. For now I use altcoins for smaller transfers. Only lsrge Ines will I use bitcoin. Maybe this is the reason doge has done so well lately.


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May 20, 2017, 05:20:28 PM
 #77

For spam, you could try the forum search function to find the 10+ threads discussing, but this should get you started:
https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f[/url]

I've been watching the unconfirmed transactions coming in at blockchain.info myself and yes, I've noticed occasional transactions like this one as well. Occasional, not overwhelming. DoS looks different.

For instance, please show the impact of this "Spam" in the graph:

https://jochen-hoenicke.de/queue/#2d

If this spam was of any importance, the green line on the bottom of the graph would increase like hell. Actually, it's even shrinking.

Spam Myth disspelled so far.
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May 20, 2017, 06:02:11 PM
 #78

One of reasons why bitcoin will keep surviving what ever is thrown at it is because all altcoin holders dump what they have in preference of bitcoin
killing the alt slowly and breathing new life into bitcoin

Another solution would be to start dropping the spam transactions.

Please enlighten us with some evidence that it's spam transactions what's filling up the mempool.

Eplain: Almost all of the lagging transactions from the last two weeks are backed with >120 Sat/B fee. Who's going to afford this expensive Spam?



For spam, you could try the forum search function to find the 10+ threads discussing, but this should get you started:

https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f

The person holding lots of coin can afford the fees to spam, because the price keeps going up. BTW that's another plausible explanation of the spam, exchanges and whales using up blockspace to buy coins from themselves repeatedly, driving prices up.



in a way this could actually work maybe exchangers need to dish out some warning on this Roll Eyes or that is also a way for them to generate revenue but if it drives prices up maybe we need to be on the look out for a dump....

and do you mean to say this is an artificial price We currently seeing


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May 20, 2017, 06:55:05 PM
 #79

Bitcoin can loose the market cap value for a while, but remember all coins are traded against bitcoin, and most exchanges just let you buy bitcoin and any other altcoin directly, just a few exchanges allow you to buy with usd/eur some altcoins. Once bitcoin solve the transactions issue you will see a lot money returning back to bitcoin.


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May 20, 2017, 07:30:58 PM
 #80

I don't think people will ever stop using bitcoin completely I agree that they are started of being frustrated with this heavy transaction fees. but with out local currency we don't have any protection even banks can steel our money and we can not do anything with that. bitcoin is a complete way of freedom. its a thing which gives us many advantages so why don't we can afford a little of disadvantage from it


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May 20, 2017, 09:39:49 PM
 #81

I don't think people will ever stop using bitcoin completely I agree that they are started of being frustrated with this heavy transaction fees. but with out local currency we don't have any protection even banks can steel our money and we can not do anything with that. bitcoin is a complete way of freedom. its a thing which gives us many advantages so why don't we can afford a little of disadvantage from it
Bitcoin is not an only option to avoid using Bank. You can also investe/convert your money into other cryptos such as ripple, monero, ethereum or litecoin. In my perspective, I believe that ethereum has a great chance to defeat bitcoin if Bitcoin can not fix the transaction fee and the confirmation time

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May 20, 2017, 10:50:05 PM
 #82

LOL. Bitcoin just touched $2000 today in some exchanges. Can you still see it dying in the next days? I doubt it. Let's face it, no one is complaining about the high transaction fees as long as the price of bitcoin is going up.

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May 21, 2017, 02:18:26 AM
 #83

Let's face it, no one is complaining about the high transaction fees as long as the price of bitcoin is going up.
No one that is not using it as a currency or as a form of getting paid.

For that purpose, it is near useless. And if the current situation persists, it may lose that quality.
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May 21, 2017, 02:25:56 AM
 #84

Let's face it, no one is complaining about the high transaction fees as long as the price of bitcoin is going up.
No one that is not using it as a currency or as a form of getting paid.

For that purpose, it is near useless. And if the current situation persists, it may lose that quality.
Though bitcoin is used quite low as a currency, surely bitcoin will survive for a very long time period. If the bitcoin is a failed experiment this could have not survived such a long time period. In one or other way bitcoin is gaining potential, so surely it'll reach more number of users in the form of investment and other accessibility.


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27QVUTZj8rgZP1
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May 21, 2017, 02:48:46 AM
 #85

Though bitcoin is used quite low as a currency, surely bitcoin will survive for a very long time period. If the bitcoin is a failed experiment this could have not survived such a long time period. In one or other way bitcoin is gaining potential, so surely it'll reach more number of users in the form of investment and other accessibility.
Only a few days ago I realized Bitcoin is still in beta phase (version < 1).

If that is true, then I am not sure why I'm using it now. Seems pretty stupid on my part.

Time to rethink.
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May 21, 2017, 08:08:55 AM
 #86

One of reasons why bitcoin will keep surviving what ever is thrown at it is because all altcoin holders dump what they have in preference of bitcoin
killing the alt slowly and breathing new life into bitcoin

Another solution would be to start dropping the spam transactions.

Please enlighten us with some evidence that it's spam transactions what's filling up the mempool.

Eplain: Almost all of the lagging transactions from the last two weeks are backed with >120 Sat/B fee. Who's going to afford this expensive Spam?



For spam, you could try the forum search function to find the 10+ threads discussing, but this should get you started:

https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f

The person holding lots of coin can afford the fees to spam, because the price keeps going up. BTW that's another plausible explanation of the spam, exchanges and whales using up blockspace to buy coins from themselves repeatedly, driving prices up.



in a way this could actually work maybe exchangers need to dish out some warning on this Roll Eyes or that is also a way for them to generate revenue but if it drives prices up maybe we need to be on the look out for a dump....

and do you mean to say this is an artificial price We currently seeing

Hmm, I don't have enough information to determine if the price is "artificial", but I do know that if you can't sell, the price can keep rising. Also, the exchanges are not regulated, and it's proven that at least on Mt Gox, Karpeles was running a "buying bot" that bought like 10,000BTC each day from himself. This would logically be the smart thing to do for any exchange or large trader of BTC - to both protect yourself from risk and to maximize profits. If they can stuff the volume high and fill the mempool, there is a limited number of buys and sells each day - this can further manipulate the price.  I wouldn't trust an exchange will do anything other than profit as much as they can...

With BTC/USD over $2000 today, I guess most will say there should be a correction soon. But what do I know?






For spam, you could try the forum search function to find the 10+ threads discussing, but this should get you started:
https://blockchain.info/address/3QQB6AWxaga6wTs6Xwq8FYppgrGinGu15f[/url]

I've been watching the unconfirmed transactions coming in at blockchain.info myself and yes, I've noticed occasional transactions like this one as well. Occasional, not overwhelming. DoS looks different.

For instance, please show the impact of this "Spam" in the graph:

https://jochen-hoenicke.de/queue/#2d

If this spam was of any importance, the green line on the bottom of the graph would increase like hell. Actually, it's even shrinking.

Spam Myth disspelled so far.

Nice stats. Those charts differ dramatically from Blockchain's: https://blockchain.info/charts/mempool-size?timespan=30days. It's clear from Blockchain's chart that something is going haywire with the mempool transactions - notice the large sharp dips in the chart over the past month. That could be nodes crashing or getting restarted, or it could be some sort of filtering miners are using.

The block explorer link I sent you is for some "unable to decode output address" transactions. They've been piling up for weeks under that address. My understanding is that those transactions were written by hand, without a conventional wallet, and they use custom sigops. Looks like textbook spam to me, but I will defer to experts in bitcoin scripting if they've got a legitimate explanation for the transactions.

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May 21, 2017, 09:06:23 AM
 #87

Those charts differ dramatically from Blockchain's

No surprise because blockchain.info is aggressively "pruning transactions" that were "previously accepted" from their database.

Been there, suffered from that. Mine didn't even last for a week in blockchain.info.
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May 21, 2017, 09:37:20 AM
 #88

...it will prove it's the king of crypto

Come on look at the Price of BTC right now it is over $2000 dollar value, I think bitcoin will be in demand all over the world because of this kind of progress many investors was into and interested with bitcoin right now and if this keeps up it can really pull the bitcoin price more upward and we might see a $3000 value mark in no time, 














 

 

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May 21, 2017, 09:42:03 AM
 #89

It's more than king of crypto since bitcoin currently beat gold existense as solid invesation.
There's not impossible for bitcoin to beat another well known invesment and let the world know that bitcoin can be better than any investment that exist

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May 21, 2017, 09:43:51 AM
 #90

Are you hinting that there's a possibility of a plunge? Gonna stash some money now for buying cheap later! LOL.  Grin

I would have been more apprehensive of bitcoin's survival due to the forking debate if Japan and Australia had not recognized it. We'll probably get through this just fine. Like someone here already said, there are bumps on the road.

If you got into bitcoins, that means you are willing to risk the money you invested in this. If the money has already gained more than 50% from what it was when you invested, why be worried with a small drop like 20% or so?  Smiley

There's no way this hype train is going to last. Seriously. The amount of spikes the price has had in the last couple weeks are ridiculous and it can't keep up. Seems extremely similar to the situation a few years ago when we soared past 1,000. I feel like anyone that has jumped on the bandwagon around this price tag will get burned soon.
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May 21, 2017, 09:52:05 AM
 #91

There's no way this hype train is going to last. Seriously. The amount of spikes the price has had in the last couple weeks are ridiculous and it can't keep up. Seems extremely similar to the situation a few years ago when we soared past 1,000. I feel like anyone that has jumped on the bandwagon around this price tag will get burned soon.

Although I have the same feeling- seeing ATH almost everyday kind of worries me. However, I still believe that we are in a different situation this time, especially now there is a hope of UASF leading to Segwit, and with red-hot Japanese bitcoin market... Even with the bubble pushing through the $3000 barrier will not surprise me now...

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CraigWrightBTC
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May 23, 2017, 04:29:44 AM
 #92

I think bitcoin is still survive up to right now and it will be more growing up over next day,week, month even the years
many people around the the world started investing in bitcoin.
We can see the capitalization of markets bitcoin also price of bitcoin is growing up too, it is mean bitcoin is survive
although it is still new in instrument of investments.
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May 23, 2017, 05:06:46 AM
 #93

I think bitcoin is still survive up to right now and it will be more growing up over next day,week, month even the years
many people around the the world started investing in bitcoin.
We can see the capitalization of markets bitcoin also price of bitcoin is growing up too, it is mean bitcoin is survive
although it is still new in instrument of investments.
Bitcoin is much stronger now a days since lot of country now are accepting bitcoin and it helps a lot to make bitcoin value to be stronger and continuous to increase, and we are see now that bitcoin will reach $3000  before this month end.
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May 23, 2017, 05:19:46 AM
 #94

Bitcoin will still king of all crypto because if you see the price its very amazing its $2400 as of now. And bitcoin will still king in few many years or maybe few decades. And I believe bitcoin price will still increasing becausr if many people see the proce of bitcoin high for sure they maight be interest to invest bitcoin more . Many people said how bitcoin survives the simple explanation in this because if the bitcoin dump they have pump also bevayse if bitcoin decrease the price many investor buy bitcoin because they want a lot of profit.

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May 23, 2017, 05:32:24 AM
 #95

I don't think people will ever stop using bitcoin completely I agree that they are started of being frustrated with this heavy transaction fees. but with out local currency we don't have any protection even banks can steel our money and we can not do anything with that. bitcoin is a complete way of freedom. its a thing which gives us many advantages so why don't we can afford a little of disadvantage from it
Bitcoin is not an only option to avoid using Bank. You can also investe/convert your money into other cryptos such as ripple, monero, ethereum or litecoin. In my perspective, I believe that ethereum has a great chance to defeat bitcoin if Bitcoin can not fix the transaction fee and the confirmation time

This is one big LOL, ethereum is worst than bitcoin when it comes to scaling.  Imagine how bloated Ethereum blockchain is compared to bitcoin considering the amount of time these two exist, and not saying the amount of transaction being done on their blockchain.  If the coinmarketcap is your reference about coin dominance, it is flawed.

                                      
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May 23, 2017, 05:37:03 AM
 #96

I think bitcoin is still survive up to right now and it will be more growing up over next day,week, month even the years
many people around the the world started investing in bitcoin.
We can see the capitalization of markets bitcoin also price of bitcoin is growing up too, it is mean bitcoin is survive
although it is still new in instrument of investments.
Bitcoin is much stronger now a days since lot of country now are accepting bitcoin and it helps a lot to make bitcoin value to be stronger and continuous to increase, and we are see now that bitcoin will reach $3000  before this month end.
That is the next goal of bitcoin in the future, and it is entirely within the ability of bitcoin. Besides accepting, bitcoin is also changing, it is aiming for 2mb segwit, which is a favorable condition for bitcoin to grow.



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May 23, 2017, 05:39:04 AM
 #97

The bitcoin will surely survive, because BTC is the king of crypto. But Bitcoin should not lulled with the degree, because maintaining is more difficult than getting the title.
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May 23, 2017, 05:55:45 AM
 #98

I think bitcoin is still survive up to right now and it will be more growing up over next day,week, month even the years
many people around the the world started investing in bitcoin.
We can see the capitalization of markets bitcoin also price of bitcoin is growing up too, it is mean bitcoin is survive
although it is still new in instrument of investments.
Bitcoin is much stronger now a days since lot of country now are accepting bitcoin and it helps a lot to make bitcoin value to be stronger and continuous to increase, and we are see now that bitcoin will reach $3000  before this month end.
If the Bitcoin price reached $3000 in the end of this month, it will be no less than a miracle. I don’t think it is going that high in a few day. We know that there is a potential for the price to raise high but also need to control our level of excitement. Wink

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May 23, 2017, 05:59:10 AM
 #99

...it will prove it's the king of crypto

Obviously Bitcoin is the king of cryptocurrency. When it come to survival, bitcoin already survived as it's price gone past 2000$ and market capitalization exponentially raised in past month or so to almost $37B. It seems that world is now recognizing the value of BTC.

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May 23, 2017, 06:02:55 AM
 #100

...it will prove it's the king of crypto

Obviously Bitcoin is the king of cryptocurrency. When it come to survival, bitcoin already survived as it's price gone past 2000$ and market capitalization exponentially raised in past month or so to almost $37B. It seems that world is now recognizing the value of BTC.
It is not only the king of cryptocurrencies, it is also the king of every currency in the world, it has been recognized by governments, so we can compare it to all other currencies.


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May 23, 2017, 06:10:38 AM
 #101

...it will prove it's the king of crypto

Obviously Bitcoin is the king of cryptocurrency. When it come to survival, bitcoin already survived as it's price gone past 2000$ and market capitalization exponentially raised in past month or so to almost $37B. It seems that world is now recognizing the value of BTC.
It is not only the king of cryptocurrencies, it is also the king of every currency in the world, it has been recognized by governments, so we can compare it to all other currencies.

Bitcoins is the main and other cryptocoins is just a copy of bitcoin that is why they are called altcoin because we are just use it as alternative..
But these days we are experience of high price increase of the altcoin the same as bitcoin that increasing price quickly hoping that we can get also the benefits of the price increase of every altcoins. .