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Author Topic: If BTC really survives over the next days...  (Read 5711 times)
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May 20, 2017, 07:30:58 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


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May 20, 2017, 09:39:49 PM
 #82

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
 #83

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
 #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.
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May 21, 2017, 02:25:56 AM
 #85

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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May 21, 2017, 02:48:46 AM
 #86

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
 #87

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
 #88

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
 #89

...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
 #90

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
 #91

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
 #92

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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May 23, 2017, 04:29:44 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.
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May 23, 2017, 05:06:46 AM
 #94

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
 #95

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
 #96

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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soul-impact
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May 23, 2017, 05:37:03 AM
 #97

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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Alif Mahardika
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May 23, 2017, 05:39:04 AM
 #98

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.
nidacoinlove
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May 23, 2017, 05:55:45 AM
 #99

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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camelson
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May 23, 2017, 05:59:10 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.

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