Then reinstate him. What are you waiting for?

No exploit can be used to get coins from 'cold storage'. If it can, then those coins weren't really in cold storage.

Indeed. How about someone suggests this for the new forum. Should be easy to implement.

I've been looking, well carefully following the thread (since my last post here). The amount of trolls is amazing.
Whatever happens (price goes down, or even when it goes up like today) they keep spreading FUD or mocking us and/or Bitcoin.'Free speech' is important, but there has to be a limit somewhere.

You obviously have no idea what you're talking about. The amount of trolling can't even be considered 'some'. It is almost on par with the normal/constructive posts these days (definitely if you include the altcoin section).
Not going to happen.

I was just about to point out the resistance on Bitstamp when I've stumbled upon your post. Looks like the wall was reduced to 5.5k which is a little better, but still a lot of money.
I guess we will have to wait a bit for it to get removed or slowly bought. I'd rather see the price recover more, we don't need a huge spike right now.

I wonder how many times the words 'bear' and 'whale' have been used in this thread?
February reminds me of October 2013, and then in November it just went crazy. I'm not saying that it will happen, nor that it should, but positive gains are always welcome.

I'm very patient, but I've been asking myself a question. When will we breach $300?
We've been under $300 since January 3rd. I'm all for slow gains, but I don't feel like the recovery should be taking ages.

Even though I'm excited about this, I'll believe it when I see it. Just remember the first time that we heard the 'ETF coming soon' and similar stories in that past.
I'm waiting for that to happen. I'm waiting for "the moment".

Interesting. All I'm saying is that I'd rather wait for them to start trading. I'm quite excited actually.
Hopefully a positive trend will start once this rolls out. Who knows, we might see new highs or then again we might have to endure more months of this boring market.

I think that the community shouldn't be focusing on the price so much right now. We should rather work on getting more people into Bitcoin. The adoption is just not there yet (not talking about merchants). We don't need people hoping on the train when a spike occurs and then jump off. The price can go pretty high easy. If 5M people hold 2 Bitcoin (in addition to the stash that Satoshi has and such) the supply would be much lower than the demand.

I'm not saying that people should be holding. I'm saying that they are. You should look around the forums more. The people around here see Bitcoin as an asset not a currency.
Did I just not say that we should bring more people to Bitcoin?

I've been following the price more closely in the past. The market isn't just as exciting as it used to be. In the last 6 months we've hit $400 only once. I only June/July 2015 would be the same as June/July 2014.

I guess that I did not express myself correctly. What I've been trying to say here is something that I've been saying for a while now.
People should be less focused on the price. The issues is that people panic easily and only look at Bitcoin in $ or some other currency. Bitcoin will work be it at $1 or $1000. Just look at the infrastructure development that happened in 2014 and that is happening now in 2015.
Don't get my wrong, I'd be glad if the price went up. Although a spike wouldn't be desirable, steady growth is much better.

Says who?

We're still going in the right direction. I'm actually surprised that we're seeing this positive thread right now. Has anyone figured out what is causing this? Greece?

This is still not clear to me. Exactly what is going to happen after Friday?

You're correct. Being under $300 wasn't expected and we have been at this price point for quite some time now. I was actually expecting the block-size debate to cause even more uncertainty, however it looks like the big players aren't wasting their time on the nonsense of the masses.
I think that the market will definitely become more exciting if Greece leaves drops out.  

Another interesting thing is that a lot of markets are seeing a positive trend right now.

Define confirmed? Confirmed by who; you?
Everything is possible,just as nobody expected the current rise. Even Andreas made a mistake with his prediction. Let's hope that it doesn't come to that.
Besides, if Greece is the cause I hardly doubt that anyone is going to be buying around midnight.

Do you have to sell already? This is how most people lose their money and complain. The last time that I've sold any coins was in 2013, just before the price hit $1100.
If the price was really rising due to Greece we should be starting to see a positive trend in the next few hours.

Not entirely Willy but yeah I understand your point. However the first spike in price was not the result of Willy as there was no sign of him back then.

Don't sell anything or you're going to regret it. The current price might not look that good, however you never know.
I've actually sold sold 2 BTC at  ~$100 each just 2 months prior to the spike (I had to prove something). I made a huge mistake doing so, didn't I?

How can you be sure? I mean I'm hoping that we are going to see some action in the markets, however it seems like we're going to be stuck at $250 for a while.
The market has been boring for quite some time now, it is time for things to change.
No.

Some people are really ignorant and impatient if you ask me. I am going to disregard the possibilities of it being true or false. The problem is not Bitstamp, it is the Raiffeisen Bank. You can't blame Bitstamp for this.

I've always used Bitstamp and have never had a single problem with them.  Please tell me which exchange would reimburse the customers after a hack of 19k BTC?

Back to the price now. I wonder if we could stick to $240 as the bottom now. There is no reason to go back to $220.

Does anyone believe that we are going to get back above $250 in the next few days? The market was really boring the past few months, and we've finally started to see some action.
However, the volume seems to be down again. On Bitstamp it is only 6.1K BTC.

I might ask you a similar question. Why do you believe that the price won't rise?
I've seen and heard different opinions on my situations especially Grexit. Some are saying that it will have a minor impact on Bitcoin or none, while others are saying the exact opposite. Wouldn't their best bet be Bitcoin and/or gold in case that Grexit actually happens?

A decade from now? That's quite a long period of time and you might not even live to see that day. There's actually a treadmill test that tries to predict this.
Well what would you consider safe heaven now?
I could also argue his last part. Nobody needs to be "advanced" in modern IT to use/know about Bitcoin. It is relatively simple. As far as I know there aren't any laws in Greece that affect Bitcoin yet.
Wouldn't this be a great time for them to buy?

Protesting the fork by threatening to sell off isn't going to work. Bitcoin can live without such individuals. I wasn't concerned about it at all. Such tests only prove to be expensive for the people running them. At most there were about 10-12k unconfirmed transactions which isn't even that much. The network has recovered pretty quickly and the price has remained pretty much the same. It looks like we can't find a solid ground above $250 yet.

No, you obviously aren't too familiar with the situation. Once the proposal was rejected and Gavin announced the fork, Maxwell repelled saying that he would probably sell most of his stash and move onto something else. This isn't really related to trading nor a potential price decrease after the fork, thus not common sense.

It really depends on the amount of Bitcoins that they own. I doubt that they would instantly sell everything which wouldn't make much sense and they would get less money for their coins.
I think that this might actually be a nice time to buy. This is what some have been preaching for $220-230 but many didn't believe it and here we are now.

No it is not. It is related to authority problems and their own issues with Gavin. Just because they don't agree with something, doesn't mean that it is wrong. They can sell everything into my pocket.
I'm accepting an unlimited supply of Bitcoin at a exchange rate of 1BTC = $2. Whoever thinks that Bitcoin is going to crash, or go to zero has a way out with me. 


Well you've missed out on a lot of things then. I can't really find the link right now as some time has already passed.
It was on reddit and was related to the XT fork.

Exactly. It doesn't really seem like a professional way of doing things to me. I don't think that it is going to impact the price too much. Hopefully we are going to see some higher and stable levels soon enough.
I've finally located the link related to Gregory.

I don't really see a reason for the price to go further down than this. Unless someone actually quickly sells a lot of coins, we shouldn't be moving down at least not for now.
The market has become quiet again, looks like the exciting times are temporarily over.

I'm pretty sure that a lot of people would like to see some action right now, but even in the past 12 hours most of the posting was done by Chartbuddy.

I've seen a lot of people speculate that the price will either go up or crash, but it's actually just stayed the same within a $240-$245 range most of the time.
Since most of people usually go on vacation during the summer, I wonder if the market will remain still again. I don't remember the last time that we've had action during summer. Maybe that drop from ~$100 to ~$65 in July 2013?

If I had only gotten a dollar for each time someone said 'the next xxx are critical', I'd probably be rich right now. I hardly doubt that we are going to see too much action over the weekend.
I'm pretty sure that some can't wait for Monday to come. I don't think that Grexit will happen, it is more likely that a last minute deal gets signed.

However, I'm still hoping that Greeks realize the potential of Bitcoin on time. This is why people need to be their own bank (just remember Cyprus).

Besides, it would be wrong to expect things to happen within an hour, day or so. It just takes time and I'm sure that many Greeks are looking for a way out now.
There is also this:

I've just read about it as well and it is horrible. This is why I've been advising people to stay away from banks. The money stored there isn't really yours (remember Cyprus).

What's your point here? In that case anyone who bought in time would be the one who has a great benefit.
Bitcoin is just legal in way too many places so far, ruling in favor of it is the right call to make. Any country that has banned it will probably remove that ban eventually.

Besides, you can avoid controls if you cash out and buy into gold. That never made gold illegal, did it?
It's good to see that we're seeing some positive movement again.

That was back in 1934 and in the US alone. I'm pretty sure that the Greeks are trying to find a way out of situation while the price is slowly rising.

I'm just asking myself how come there isn't a Bitcoiner from Greece who should be running conferences or meetings right now in the public? That would definitely help Bitcoin and any Greeks who are interested in buying.

I was surprised to wake up to this price. What's more surprising is that I don't see so many pictures of rockets, trains or is everyone still sleeping?
I didn't expect the price to be influenced already, but who knows where this might take us now.
Hopefully we will establish a new bottom at least over $300.

The price was around $225, exactly a month ago (June, 6th). Well I don't know if it is just Greece. The important thing is that the media is reporting  what is going on in Greece and that Greeks are buying Bitcoin (even if they exaggerate it). While it might be a bit late for Greeks (because of the daily withdrawal limit), people in other countries can save themselves.
I wonder where the price will stabilize. With small % of daily growth we can't go wrong. If the price goes too high quickly, someone will probably dump (a lot).

Such growth is not sustainable, especially not coins with weaker infrastructure. It will bounce back, hard.
Note: This isn't a thread about Litecoin.

The situation on Bitstamp seems quite interesting. It is quite obvious that someone is trying to prevent the price from rising.

Over 1k dumped there to prevent the price from reaching $280 (it was dangerously close). However, things seem to be looking better than before as the buy side is two times the size of the sell side.

Volume has just passed 25,000 BTC. I don't remember the last time that I had seen that amount on Bitstamp.

FTFY.
I however do not think that $300 is such a significant psychological barrier. Although we have already reached a important level. We have only been at $280+ back in March.
If we reach $315 we will have a new high for the year. I think that it is quite possible.
However, as someone stated the LTC market is not that big to make huge jumps in the price for Bitcoin. We have yet to see it crash and the money flowing back into Bitcoin.

I'm not sure if everyone has seen this, but it looks like the sell side is really weak now. We could easily reach $360 pretty soon. It looks like some events could be unfolding that are going to be very beneficial for Bitcoin. We're only a few bucks away from reaching a new high for the year.
If Greece does leave the Eurozone that might also be beneficial.

Hopefully a few exciting months are ahead of us now.

Just give it time. Did you honestly expect a lot of volume at the start of operations?

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I just noticed the price late right now. Is there a specific reason for the mini increase or is it just correcting itself? Very interesting times are ahead.

I was actually talking about the exchange itself. It takes time to accumulate volume and for the service to mature. I'm just hoping that there are no errors or bugs that would harm them so early. Besides, you have to remember the amount of time it takes to verify an account and transfer money to the exchange.

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It would be nice if the price went up even higher.

Ah yes, I almost forgot about that. I wonder at what price it will get sold. This can have a nice effect because Bitcoin will be in the mainstream media again. I'm not talking above $300 at the moment. Another 5-10$ over the next few days would be nice.

Yes, but what can you do? Unless we had our own (and legal//not made up) country where we would start up such a exchange and whatnot we can't do much (even then others might impose restrictions on it and such). It is what it is. Luckily if you want to avoid everything you can always change to cash.

I concur. I do not believe that it is going to rise that high tonight either. We do not need to be going anywhere too soon either. A small growth pattern over time is the right way in my opinion. The price has been more or less stable in this year (staying in the $200-$300 range, but mostly around $230). This is a good indicator.

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The real question is why is this thread so quiet today? We should not be letting ChartBuddy be alone on here.

$4.51 up already today on Bitstamp. This is certainly more interesting than yesterday or the day before that. I wonder if the price will be able to hold above $260 or at least $250. It would be nice to move away from $230 (even though there's nothing wrong staying with that either). This is the highest price since mid August.

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Why?

$271.1 at Bitstamp. This was certainly not expected by me. This is great as long as Bitcoin does not lose this value it has gained soon (or ever). Interesting times are certainly ahead of us (finally after a long period).
Now if only Gemini would attract the clients that they are seeking.

Why is that? $200 seems like too much. I mean, we could see the price drop if that rumor turns out to be false. However, I do not see a drop by such a huge margin. However, what is going to happen if the rumor turns out to be real (+ if media reports that people are buying Bitcoin because of it)?

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You should be more optimistic, that helps.

People really need to stop being ignorant and childish. Every increase in price is not a 'pump' and every decrease is not a 'dump'.

Yes.

I didn't see this image around and I felt like this would be the best thread to post it (instead of starting a new thread). Bitcoin was mentioned at the beginning of Dope (movie released in 2015).

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@Whoever said that we were crashing: the price is actively fluctuating. We have reached $270 again and came back to $266.91 again on Bitstamp.

Not necessarily, but this is still much better than going down again. Let's hope that the price is going to hold a while at around $265. That would definitely be nice for a change.

For some unknown reason I see the market depth on Bitstamp on my laptop. It is working on my phone. There's finally some nice support and it looks bigger than the sell side. I wonder if the price even go higher at the moment. It would be really nice if we could stabilize at $300, but I think that it might be too much too soon.

Actually if you're dealing outside of exchanges then there is no need for anything. It's pretty easy to clean your coins on a exchange such as Cryptsy and transfer to an address unknown to everyone. You just need some knowledge and minor technical skills.

The sell side is quite weak on Bitstamp, at the moment at least. There's much more support at $250 than there is resistance to $350. Interestingly the price on Bitstamp did reach exactly $300.00 today.

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Update:
Corrected my post. Now it makes sense.

Doesn't surprise me. People need to start realizing that in e.g. the US you lose 2% of your net worth each year. Bitcoin helps you avoid these things and it has many more benefits besides this one. I wonder how this rally is going to end.

This seems appropriate right now. I was not expecting to see $305+ in the morning.

Depends where you're looking at. The sell side has more pressure now on Bitstamp and there is also this ~2k wall at $310:

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Update: That's not the point.

Thank you for the link. This is what I'm talking about. Someone is trying to prevent the price from going up at Bitstamp. It should go up since China is leading forward; these exchanges have to catch up.

There are still ~1.4k coins there. Let's see if it can be eaten.

Correct. People need to get informed about the "magic making machine" in the US. They can (and they have) print money out of thin air. I'd say that the EU tax ruling is also a contributing factor. It is now tax free after all (to a cetain degree).

People need to stop talking about altcoins (e.g. Litecoin) here. This is not a altcoin observer thread. Also, if you don't panic you will never be at a loss. Eventually the price will go back to the point at which you bought or it will go higher.

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Only ~3k Bitcoins to $350 at Bitstamp.

What's wrong with people here? If the price returns back from green (e.g. $10) into a daily green of e.g. $2 you'e trying to tell me that it is going down by $100? If anything, this rise is very similar to that one in late 2013. You can easily see this at Bitstamp (note: I'm not saying that it will follow the same pattern). Stop with the trolling and pointless observations.

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No.

There is no real evidence of this, and there probably never is going to be. Willy was a contributing factor of the rise, not the main or sole one.

Apparently. Just because the price is correcting itself, that does not mean that we're crashing. People around here are acting more than childish. This part needs more cleaning.

Obvious manipulation. Nothing special, nor surprising.

Bullstamp $359.

Sell side very weak now. Less than 2.5k coins to $420+. Are we going to hit a new high on Bitstamp?

No, it is not. Working for me at the moment. The price is ~$364.

Bitcoin is back.


Refreshing every 2 seconds.

Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good).

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What support? There was none at Bitstamp.

I don't think that it can be compared to Litecoin because of the massive size of the Bitcoin ecosystem which is not present with LTC. Actually it doesn't even come close. You do have a point, that other factors tend to be very deciding for the price. Although in order to make a guess, you'd have to look back at 2012. What kind of ecosystem did Bitcoin have then; what effect did the halving have? Something has to happen, else we lose some security as miners drop out.

He's right though. Bitcoin is a danger to the existence of the important capitalists. It has barely anything to do with terrorist funding, especially compared to cash.

The moderators can't stop anyone from doing anything. The moderator can only act after someone has already done something. You should not complain but rather put more effort into reporting these posts. I have not seen a single report on any user so far (i.e. these off-topic accounts created only to spam here).

Just report and we'll handle it.

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I wasn't looking into this thread for a while. However, the recent price bump definitely helped me snatch more deals on Black Friday.

I occasionally come to this thread to read; rarely post here though (sometimes pro Bitcoin gifs or something for fun and relaxation). As I've already said, the problem isn't lack of moderation it is the lack of reports. I'm usually looking at 0 reports because we tend to handle them fairly quickly. Even when moderators read various threads while "looking" for work, I doubt that someone would want to waste time on this thread because it often has nonsense in it. As long as you guys keep on reporting, we can keep on cleaning.

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Is a rise being expected within December or do we stay steady around the current price range? I'd rather have it sit still in order to get even more before the start of the next year.

It would be nice if the price closed at this price level for 2015. 2016 is definitely going to be more exciting than this year was. Due to the huge amount of posts here and me being to unable so much time into the thread, could someone share some information directly (price changes that are expected)? It would be very appreciated.

It seems that someone says the same thing every now and then. The price looks good at the moment.

Sometimes the ride down on a roller coaster isn't as bad as people say that it is. I wouldn't mind testing a new ground level and then going back up again.

Yeah I can see that. I actually like the first song as well. We need more songs like that one.

It has nothing to do with a few full blocks; actually that doesn't ever impact the price. This was caused by Hearn who should be listed as one of the worst people that were ever in the Bitcoin ecosystem & Cryptsy. Hearn basically declared Bitcoin as dead/dying and the media caught it, a fine exaple of a evil and backstabbing person.

So after spending countless years of his life working with Bitcoin, a few months after his departure Bitcoin is dead? Please.   If you defend such a person you are not any better than him. Bitcoin is not that shady, especially not since there's no Silk Road equivalent. Stop your gibberish.

Because he's a paid bulldog who backstabbed the community with this article. Should we love him for it?  

That is the problem of this story, NYTimes and the sheep that are going to believe this nonsense or defend him. It has already reflected itself on the price (incl. news about Cryptsy).

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Update:
It is only logical for you to not know anything, but know that Hearn isn't bad. This makes sense.

Stop this panicking as soon as the price goes down a little bit. Less than 3 months ago we were are around ~250$. People need to calm down.

I had a similar situation.

No. This has nothing to do with the block size.

If you invest nothing you can lose nothing. I'm not at a loss and mathematically I can not ever be.

Pretty much anyone with a working brain?

What are the odds of R3 giving Hearn a financial incentive for the announcement in addition to this happening at the same time as Cryptsy closes its doors? I'll let you think about that one.

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Everyone just calm down. It just went up $10 within a second and back down a few dollars again. This means nothing.

You know the media has caught up on the story and barely any reported the story correctly as in "Mike is wrong and Bitcoin died 80+ times already". I've got sent a few screenshots from Facebook (which I don't use) from a few partners already. Quite unfortunate that it has reflected itself this heavily on the price within a single day.

He was wrong on most of his 'technical' points anyways or they were misinterpretations of the reality. Do not trust that guy, especially not after this. He could have been the inside man all along.

I'm leaning towards making a public list of shame where names such as Hearn and Karpeles would come up with explanations to what they did (possibly even a rating mechanism). They sure deserve it.

What are you talking about? This has nothing to do with the system. The system is unharmed and the maths behind it are impenetrable (in the todays world). This is about the sheep of this world and the corrupt media. Most of the media quickly picked up on this as the ultimate truth even though Hearns words have no meaning anymore and are backed by nothing but bias and rage (due to the failure of his project). I'm quite annoyed and tired of this constant nonsense. These people need to be shamed for all eternity.

This is wrong. Have you not been watching the news? This is spreading everywhere like a wildfire.

I understand that. The problem is that we're lacking the resources to fight back or aren't properly doing so (with our 'own media'). The sheep needs to be pointed to the right direction.

The amount of my contributions are irrelevant nor would I disclose my contributions; not to you nor anyone else at this moment. I'm not an authority; I'm just someone who's trying to help Bitcoin and certainly not someone who was bought off by banks and backstabbed everyone. Stop defending him, he does not deserve it.

Yes, that quote was more of a general principle of how people should live their lives. It does not imply that strong minds never discuss events nor people else that would be a logical fallacy (faulty generalization). You would know that if you paid attention or went to the right classes instead of trying to stab me in the back (if that is the case since people have attempted that in the past; otherwise I apologize for my assumptions). In times like these you have to fight them with their own methods, else you lose. A public shame list would not result in 'weak minds discussing people' which is not what was meant with that quote.

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The price seems to have somewhat recovered. Huobi seems to be temporarily closed.

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Update:
I'm not and I've explained why. People seem to misunderstand this quote with a logical fallacy. I'm just getting tired and will not passively stand aside and watch this.

Correct. The sudden influx of transactions today means that somebody is trying 'to make' Gavin look like his prediction was accurate when it fact it wasn't. There is a claim from 'experts' (albeit exact information not available I think) from the roundtable that only 40% of the blocks are actually full (if you exclude the spam). The mempool was ~1.5k 2 days ago (this says a lot). However, it also seems like the price doesn't really care.

I was told by certain HF supporters that Bitcoin is dead and ETH is the next leading cryptocurrency   

Lauda's cat is prepared.


It is already at ~545$ over there.

Opening up Bitstamp and seeing $508 results in:

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Now if you take a closer look over there, there's only ~1.4k coins till $600 and a 'mini-wall' at $500:

Since you've chosen to leave Bitstamp out, then I might as well post this:
Seems like the amount of coins available is low everywhere.

I didn't respond to this thread in a long time, although I read it quite frequently. I've been hearing 'Gold & Bitcoin up' on a few (live) news coverage in response to the situation in America. Has the time come? I have to re-post my favorite gif. in response to the rising price.

You're looking at the wrong places tonight: 58552.5 Indian Rupees per Bitcoin on Unocoin. This equals to:

Please discuss development related stuff elsewhere, this thread and the section should primarily be about price talk. There is a Segwit thread in this very sub-forum.

Does Bitstamp even have enough liquidity for real *walls*? Bitstamp deserves more credit considering that they are the only exchange at which people did not lose money due to a *hack* IIRC.

Has anyone seen this, i.e. the Bitcoin Megabull Cycle prediction?

This website has a better overview.

~176% increase.

How about you start actually following the forum rules? You're discussing solutions on a technical basis which has nothing to do with this thread, nor this section (you should try to remain on-topic whenever possible, even when just posting images). I have tried keeping such discussion, regardless of whether positive or negative, and Segwit/BU/whatever out of this thread. At times, this thread feels like kindergarten.

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Regarding the poll: I have removed it as it was really outdated. There is no way to add one as a moderator AFAIK (which is unfortunate since OP's account is inactive). I'll talk to the administrators to see whether there are any options to get this rolling.

I can not keep track of each such post, which is off-topic here (but not against the rules AFAIK). I have also reported at least 1 person for constantly posting off-topic replies in regards to that. However, I can not issue bans for higher ranking members so this is not up to me. You can complain about individuals to certain global moderators (e.g. hilariousandco) and the administrators (Cyrus is your best call).

Read:


If you want to discuss Segwit or other technical stuff, then 'Bitcoin Discussion' is more appropriate for this kind of discussion (other sections may be as well, but the thread would be moved to the right one in that case). Also keep in mind that I can not keep reading all of the posts made here, thus please use the report function.

I have tried to keep an equal and impartial moderation stance (regardless of my views) as much as possible. Keep in mind that I'm not the only moderator who can delete posts here (before someone jumps to any conclusion with specific examples).

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Discussing the price effect of either Segwit/BU/other would be on-topic, although it would likely also spiral into off-topic really quickly.

Did I say it was an isolated thing? I have not. Discussing the technical aspects of certain solutions has zero business being in this section. If you have a problem with the way that sections are set up or with the forum rules, then you are complaining in the wrong place. This thread is not a chat-box, and you can't post whatever you want, wherever you want it. This applies forum-wide.

As confirmed by Holliday, both sides get deleted because they are off-topic (not because of the content).

Read the small update here:
These posts would remain and hopefully not go sideaways too much.

True. However, keep in mind that:
1) I wouldn't be doing my 'job' then.
2) If I close an eye on 1 thread, the only fair/equal action is to do the same for all threads. Suddenly you get people talking everywhere about everything.

This cat can handle it for now (mostly posts that were created after I started moderating here though).

That's just not feasible and not how things currently work. You get an automated response which tells you that it's likely an off-topic post.

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I do miss the train/rocket pictures. You need to step up your game!

You mean the failed bot attempts that ranged from $200 -> 20$ to everything up to late $700 -> $70? They must be probably drinking somewhere in despair. Never forget:

Is it time for some FOMO? The spammer in this section seems to have stopped for now.

Exactly my thought. I was expecting it either to stabilize at $860 or fall down a bit over the last 10 hours. Where is the next stop for this rocket?

What makes you say that?

I think that Bitcoin can be used as prime proof of a market being irrational. However, not irrational in a sense that it shouldn't be increasing in value / moving upwards, but the timing and amount it moves usually catches most people by surprise.

It's time for this image again. All aboard the rocket to $1000.

Looks about right, considering that at the current exchange rate 8000 CNY is ~1150$.

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The Speculation spammer looks like he/she is in panic mode.

I think that the user or group in question is actually panicking at this point. The spam frequency keeps increasing the closer Bitcoin gets to breaking $1000. We are trying our best, and you're welcome!

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In the meantime, I'm still positive regarding the stability on Bitstamp above $960. I actually would prefer it to stabilize a bit before spiking again, but you never know with Bitcoin.

You're linking the wrong video. There's a version created solely for hitting $1000: https://www.youtube.com/watch?v=tkmxRR9b3QA

Who is leading this 'dump'? It would be nice to see 1000$ hold.

So what exactly happened with it? Was this a bear trap? I saw it quickly bounce back up on my mobile price tracker. I've already mentioned that I'd prefer stability at $950 levels elsewhere, so the same can be said for $1000+. The rocket could wait for a while to fully refuel.

Thank you! I have always liked this gif, and one can now easily find it on Viber (first result if one uses "@GIPHY bitcoin price"). I've uploaded the updated version to Giphy.

Stabilization above $1000 is showing an even a bigger bullish trend? I am not selling. Anything.

It looks like I was right. I'm still not selling. As we approach the $1100 price point on the western exchanges, it is time to post my favorite gif again:

Someone is trying to stop this rally:



https://bitcoinwisdom.com/markets/okcoin/btccny

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Dump? Shorting? Time to run?

That's just speculation at this point. Please stop spreading false information. Let's wait for some actual information from Coinbase; a lot of exchanges are having trouble keeping up with this demand.

Reposting again (as predicted earlier):

---

Volume is through the roof. Coinmarketcap shows almost $450 Million.

You have posted it in the wrong section.

There is no information as far as I'm aware. Spreading that link will just cause further (unbased) panic.

---

Back to thread:
That's pretty much how today has been. I'm still unsure what caused the 1 minute drop from $1100 to ~$900. Bitfinex seems to have unusually high volume.

As per someone on reddit making a post, it's time to stop this bumpy ride. It's quite unusual to go for a nap and to see 5-10% price swings in either direction. At this point I miss some of the previous stability. The volume is still unusually high at over $450 Million for the last 24 hours.

Are you sure that you've updated your charts? Someone placed a wall at 900 right now:

---

Update: It was just removed.

How many times has China banned Bitcoin?

Since when are minor price movements in either direction equal to market manipulation?

Here we go again. China.  

No, we do not.

$970. Save yourselves!

$960 is breaking. I guess the next stop is $920.

---

I said save yourselves.

Ideas on what's next? I called the dip just a few minutes before it happened. It went down to $910-920 on Bitstamp within seconds. Is it over yet, or are we going to see more action once China wakes up?

Basically you can buy BTC/LTC but you can't withdraw any of it. You can only withdraw fiat. This should create even more sell pressure.

Nonsense as always. Have you been watching the network security lately? Hashrate 6 months ago was almost 1/2 of what it is now.

Sell before you're left holding the bags.

Looks like someone wants to be a bag holder once China wakes up?

---

Minor reversal, but downtrend has yet to begin.

Why would you go to a store to buy goods which you can't take out of the store? Makes perfect sense.

Or when I tell you to sell, you end up holding the bags? Let me quote myself again:

Why the pessimism today? Most people get terrified when you mention the 800 range, and now you're telling them 700?

I'm not sure what exact relevance this tweet has to this thread?

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There's a great website to watch the price move up and down along with the roller-coaster guy: https://rollercoasterguy.github.io/

Try selling 1/4 of the total stock of a company and see what would happen with it's market price.  

That's just another sign of the underlying potential (price wise).

You should just remain patient.

Try selling off 1/4 Dollars into metal and other currencies and see what happens. This perspective is really weird and unnecessary IMO.

Why the market cap rush? It's obviously severely undervalued considering what it offers.

Bitcoin isn't just a currency, and that's the whole point of it. If you think that this is all there is to it, then you don't truly understand where the underlying value stems from. How many people regularly use Gold in a similar fashion?

China bans Bitcoin on BTCC again? 

https://www.reddit.com/r/Bitcoin/comments/5ud5f2/btcchina_bullshitting_its_users_by_extending/

---

Looks like honey badger doesn't give a damn.

Indeed. It looks like this time it has very little effect (or none) this time.
Price on BTCC: $969.38   
Price on Bitstamp: $1024.08   

 

It would be amazing to see the ETF get approved just a bit after that (I forgot the exact dates). That would ignite a nice rocket and China would just end up losing even more footing.

Indeed. It looks like they are indeed going to make the price less volatile by completely diminishing the importance of the Chinese exchanges.

Excellent idea. You should email them.  

Thanks for the information. In the case of a positive ruling: "What if I told you that by the time you can withdraw Bitcoin from BTCC, you won't want to?"

Looks like someone hasn't been paying attention to the hashrate lately. It's quite an amazing feat that it has doubled since August 2016!

It does seem likely that it will hold, even though I don't usually prefer to speculate much as we know that the market tends to be irrational.

I'm waiting at $10 700.

According to https://bitcoinity.org/markets/bitstamp/USD , we are only $24 away from an ATH on Bitstamp!



Prepare the bottles of champagne.

Bitstamp ATH? Are we expecting a new wave of FOMO now? This is it gents.

What's the Gox "official" ATH?

Thanks. I completely forgot to check Bitcoinity from my phone as I believed they removed MtGox.

So the price hit $1220 on Bitstamp, which was pretty close to the MtGox ATH. I wonder if it will be reached today?

Waiting for Gox ATH to be broken..

In case you haven't noticed, it is already 1000 at Gdax:

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I'm not sure how important that is considering the amount liquidity for this currency. I'd rather go with the old Mt. Gox ATH.

I disagree with this. IMHO such a rise today would be too much. Let's break the Gox ATH on Bitfinex and Bitstamp first. That would make this yet another great day.

You're starting to look like a spammer. Post less and read more.

I'm not sure why the congratulations are in order. Was this not hit yesterday? Anyhow, 2$ away from another ATH on Stamp.

---

Update: I made a mistake. The price of gold is much lower than it was the last time I checked.

$1245 is the new official ATH on Bitstamp. Let us go through the list:

• £1000: Check.
• Gox ATH broken: Check.
• oz Gold price 'broken': Check.
• Moon: Soon™

---

What is the next target

Look at this insane buy wall, I haven't seen something similar in a while on Stamp.

By the time you've posted and by the time I've checked Bitfinex, which is less than <30 seconds from your post the wall is already gone. What's our target for today? $1300?

AKA Fed 2.0 centralized shitcoin.

I think it's correcting itself on the way up. You need to closely watch the price on Bitstamp in 30-60 minute intervals. This however does not mean that there won't be another movement down. I'd be fine with sticking at $1250 for a few days.

Yes! I hope that disaster won't mentioned anymore.

As much as I love to see the price go up, I'd rather it go up in a steady climb. In that case it is less prone to 'crashing' back down and less volatile. I keep bitcoinity open and check the volatility rates occasionally.

It is most certainly a strange $1+m being moved up and down. My theory is that if the SEC is planning on accepting the ETF, they would be buying Bitcoin up to the approval itself.

Simply put: You're a delusional metal bagholder. It seems that you're on the wrong forum and I have no idea why you aren't banned for off-topic/trolling.

---

Correction time? $1240 being tested.

There were some unusual movements, but the markets aren't exactly rational. There were buys over $1m on both Gemini and Bitstamp today which makes me lead to believe that in both cases they are genuine investors. I doubt both exchanges would create fake walls to move the price around the same time.

If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.

My little stitch today:

---

Bitcoin price hit 2k on Bitoinde today  : https://bitcoinity.org/markets/bitcoinde/EUR

It is nothing special. Someone didn't notice that the amount that they want to purchase isn't available at the current price on that exchange. Instead of slowly buying they spent a lot of quickly get the desired amount. I don't think it is a indicator of anything.

---

IIRC Bloomberg wrote that China is driving this run and plenty of other news outlets will rewrite their story. Ironically, the price in China is almost $100 behind.

That is bullshit and this 'China' fueling the price rise is also pure bullshit. Looks like the mass media have completely lost it and will spew up any kind of fake stupidity.
Irony: http://www.activistpost.com/2017/03/megabank-caught-laundering-terrorists-drug-cartels-feds-keeping-secret.html

The less question you ask around here, the better.  

Jimbo we both know that even though we want this rocket to fly high, for it to be healthy it has to hover around the same 'height' for a while. As said I'd like it to be a tad above $1250 for a few days at least.

Such volatility:


 

Stop panicking. There are no news yet.

---

Looks like it is either that, the sudden BU blocks by Antpool or the fake ETF panic on some subreddit is what caused weak hands to get flushed out.

Yeah yeah, 50% of being right, 100% expecting "I told you so." by either side who was just guessing about the outcome like everyone else. Give me a break.

---

1 day ago there was someone with 'insider' info claiming it will be announced tomorrow with a positive result. One of you must be right.

Weak hands shake-out? Correction? Panic due to Antpool BU signaling blocks?

---

Jihan panicking due to UASF?  

Speaking of Stamp, I forgot to add in this into the previous post:
https://www.bitstamp.net/article/bitstamp-and-caceis-launch-corporate-bitcoin-inves/

---

Your turn US. Anyone feeling bullish yet?

You can't increase the block size without severely damaging the network as much as certain *groups* can spam it. A block size increase *solves nothing*. This is also quite likely going to negatively impact the price.

This is what it is in a tl;dr sense. Quite the absurd situation if you present it with a fitting analogy.

What happened since yesterday? Another mini-dump or are these still the after-effects of Jihan signalizing BU blocks?

You sound like a NLC shill account.

Make that $100+ in minutes.

---

No public info yet. I guess insider info.

No, that is not possible. It is either today or Monday. The latter is less likely though.

This has nothing to do with "toxicity". TX malleability is a known and important issue. Anyone is free to exploit it whenever they want to, just like any other attack vectors. Do keep in mind that "pushing for Segwit with this method" is pure bullshit from BTU folk. Segwit does not solve malleability of standard TX.

---

Only uneducated people with a lack of understanding would assume that miners are honest or that they will always work towards the common good. Bitcoin is not socialism.

Prepare for the FUD articles everywhere. The media has been waiting for this.

This recovery is quite surprising to be honest? Who was expecting it to be back up at $1200 almost after *rejection*? I'm expecting another down movement soon.

I would be really surprised if there isn't another dump today or tomorrow.

I know a lot of people who sold between $1100 and $1000.

>$1200 coming. Buy buy and hold!

BTU* definitely has a negative effect on Bitcoin.

Why 'hoping'?

I think if it goes back above $1200 soon that it is a very bullish signal.

$1200+ would be quite amazing after this "disaster" with the SEC. The market seems less and less affected by events (e.g. PBOC banning Bitcoin 93493 times, SEC rejecting the ETF).

There is no such thing as true 'TA' for Bitcoin markets. There are just random predictions. After an infinite amount of predictions, a finite amount will come true.

The bolded right there is what makes them *stupid*. Nobody calls themselves a "pro forex trader" unless they are desperately in need of approval. Comparing forex trading to Bitcoin trading is also a logical fallacy.

---

Testing $1190-$1200 again.

ETF denied, two days later back at >$1200. Extremely bullish sign?

I queried some data just now:

Feeling bullish yet?

You sound like one of the followings: 1) Employed by someone; 2) Altcoin bagholder; 3) Someone who is butthurt from missing out on Bitcoin. You have zero argument to refute that Elwar presented to you, as is, the other currencies have near-zero useful usage. Bitcoin's infrastructure is actually much wider than people think. It is missing a few key points (e.g. Amazon & Ebay), but the current TPS wouldn't be able to handle them anyway. The demand is much higher than the block supply already.

---

That put aside, Bitcoin is about to test >1250$ again on Bitstamp (currently $1244).

It is not about the discount, and I'm well aware of the options. However, I'd like to have the option to directly pay with Bitcoin on those two websites; that's why I mentioned them. Going through that method requires an additional step that some people may not be willing to take.

Plenty of beartards panicking right now. Looks like a lot of people sold at the bottom after the ETF denial.

Most altcoins are Bitcoin forks anyways. If BU forks into BTU that is their decision I guess. I think it is primarily being used to fear mongering purposes to supress the price of Bitcoin while they pump up the scamcoins.

No. There is no "voting process" in a decentralized cryptocurrency. The whole ecosystem either comes to a decision by consensus or not. You technically give your "vote" by running or adopting a specific soft fork, hard fork, or implementation.

Fed raising interest rates -> bullish for Bitcoin? Would be nice if someone elaborated on that.

Ironically, if the BTU folk do truly care about the users as the claim that they do, they'd add SWSF and 'emergent consensus' on top of that. This adds a short term capacity increase and plenty of benefits, and they get to keep their 'HF is best' nonsense. In reality, they don't care about the users.

Poloniex.

This is similar to the debate 'vaccines cause autism'. One side has actual data to support their claim that it doesn't, the other has pseudo-science and 1 false research which claims otherwise.

EC is highly unsafe and radical change to the security of Bitcoin. How many times does this have to be told to you? Even if you had a transaction with 50 confirmations, it could end up being dropped due to a chain reorganization.

There are no incentives to prevent chain reorganizations. This is how BTU was meant to work. It looks like even you don't understand what you're preaching for.

UASF: User activated soft fork. This is most likely what is coming, although deploying SWSF alone would be much simpler. If the BTU signalling (ironically still running Bitcoin Core) pools were to do that, Segwit would be at around 50-70%.

Yet this "incentive" somehow isn't preventing you from desiring a split in Bitcoin, which is.. you've guessed it: a loss of confidence in the network.


Yet it does exist.

Looks like you sold at the bottom, didn't you?

---

It is quite possible that it recovers back to where it was in less than 24 hours. $1170 on Stamp already.

So, what happened? I don't see any news of China banning Bitcoin or similar. ~11% drop in 24 hours does seem sharp when there are no news about it.

What makes you think that it is not enough? The price has been rising for weeks and has been correcting itself on the way up. Unless, you sold at the bottom?

---

Look at the other cryptocurrencies market, it has tripled in <10 days. Organic growth?

No thanks.

You definitely sold at the bottom.

---

Recovery time? It is definitely way oversold.

It continues to drop lower and lower thanks to the BTU idiots. They will get their altcoin listed as BTU on exchanges according to the new agreement.


Ghost walls being removed.

I'd dump the BTU chain with everything I have, in addition to telling everyone I know to do the same. I stopped holding altcoins in 2016, especially shitcoins such as BTU.

---

If you want to attempt to profit, then it is likely that you would be able to buy back in lower without a major risk.

What happened? $70 drop in a few seconds.

---

Is crypto done? Thanks BTU.

No. Why are you preaching something which you do not even understand? BU nodes are at ~8% at best (see here: https://bitnodes.21.co/nodes/), or more realistically at 2% (see here: http://luke.dashjr.org/programs/bitcoin/files/charts/software.html).

BU/BTU is a absurdly stupid idea that provides even more centralization incentives and power to the mining cartel. Is this what you mean by 'sounds great'?

They can fork into an altcoin whenever they want to.

---

Price is back at $1000, and I'm not exactly sure in which direction it may head now. We may see some clarity next week.

What you were looking at is :
If you compare this to the nodes + the desires of the economic majority, you can see how something is obviously wrong. Miners should be working towards the interest of the users and the economy, but in this case they aren't. The reason for that is is because a *certain* mr. Jihan is controlling pretty much all of the BU hashrate (he just diversified it under other pools that suddenly popped up with hundreds of petahashes). This is a better and simpler way to view the current total (signalling): https://www.blocktrail.com/BTC/pools?resolution=24h and you can see individual pools signalling here (when they mine blocks): https://www.blocktrail.com/BTC

Half a year ago, $1000 was a dream. Now, people are panicking because we are back to $1000? How times quickly change.

Finex mini bear-whale just appeared:

---

I think we are likely going to see another movement down today. It will definitely go up next week if the spoiled Chinese brat Jihan stops his HF FUD propaganda.

This manipulation is quite obvious to me. Go to Poloniex, and look when a lot of alts were bought before Bitcoin dipped. It seems that the tactic is as follows:
1) Buy up several alts (whilst avoiding a price rise)
2) Short BTC and continue buying alts.
3) Dump alts to get more BTC.

---

This was somewhat unexpected, I had some shopping plans coming up soon. I guess I'll have to hold onto my Bitcoin.

---

That aside, this is the direct result of the hard fork (which is unnecessary anyways) propaganda from Ver & Jihan. Not long ago, the SEC decision was a really big event. Tens of thousands of people were waiting for it that day. The negative decision was corrected (price vise) in a matter of days. The price may get even messier, but hopefully $900 holds as some sort of *bottom*. However, keep in mind the following:
Segwit is going to activate, because the economy & supermajority of users are in support of it. Read the BIP 148 UASF Segwit: https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

Did you even read the BIP before asking questions? This does not really need miners, especially not 95% as the BIP9 activation does. It sets a flag day. When this day is reached, anyone running this BIP (Bitfury is already testing it) is producing Segwit blocks and this is compatible with all >0.13.1 nodes.

There is some *sell* pressure with a minor wall now. The order book was much thinner yesterday. Bitcoin price seems just as unpredictable as it used to be.

No. Practically almost the whole economy and a super majority of users are supporting Segwit (have implemented/are testing/have planned an implementation of Segwit). This is only the Jihan & Ver cartel blocking consensus from forming. They can create their worthless fork, nobody wants it. Segwit is activating, with or without them.

---

Once this issue has been taken care of, I expect the trust & positive bull trend to continue. If everything ends up being *okay*, I expect the price above $2k in the months post activation. A lot of people are just uninformed about the real benefits of Segwit (capacity aside). This is primarily due to the propaganda lies, as found on r/btc.

Enough of your nonsense metals propaganda. The market of metals is one of the corruptest and overpriced markets out there. Neither gold nor silver are worth anywhere near what they're priced at right now (don't make me go into diamonds and other crap).

It is already defined in the BIP. October 2017. Anyone who has a client supporting Segwit already does not have to do anything.

There is no tango here.

This is bullshit. Nobody in their right fucking mind would attempt to use one of these scam coins. The only reason that people go in those is to gather more Bitcoin. That said, both Ver & Jihan are directly responsible for this, with their power-grab attempt. Core has done nothing wrong. They provided a very good (Segwit isn't perfect) scaling solution that would provide ~2.1 MB worth of TXs with adoption. In addition to that, they'd implement Schnorr post Segwit which would give the network even more capacity without requiring a HF.

My understanding is that, some price decline post ETF denial was to be expected and healthy. However, this is starting to become too much. People are *scared*, and this is directly due to the threats from Jihan to fork BTC into BTC & BTU (altcoin). If there was never a BTU, and Segwit activated in late December or early Q1 2017, we could have probably been at $2000 already (at least for a moment).

Bitcoin is up 'Change: +52.80%' in 6 months and everyone is crying in here. One year ago, this price was a dream.

---

Nobody likes a price decline, but you know who you need be complaining about (hint: the last name ends with a Ver and a Wu). $900 should hold, I guess.

This is neither a wish nor a fact. It can't be a fact; it is an observation. Here's a prime example:

BitPay Won’t Use Bitcoin Alternatives For Payment Systems Despite Scaling Issues
https://www.cryptocoinsnews.com/bitpay-wont-use-bitcoin-alternatives-payment-systems-despite-scaling-issues/

Nobody in their right mind is going to jump on board of these scam coins. 99.9% are utterly horrible. Only those led on by pure greed would jump on this bandwagon for real (e.g. early bagholders).

---

That said, UASF Segwit should move us forward towards more capacity and to secondary layer solution. THe price is bound to increase as soon as this get safely deployed. One day we may be looking back at this time, and call it the 'dark ages' of mining cartels.

Most of the people claiming the sold at the TOP, bought at the BOTTOM or predicted exact numbers are full of shit.

BTU blocks lower than Segwit in the 24 hours. Bottom seems to have been reached at around $900 for now. $990 wall being eaten on Bitstamp; time for a breakout?

Stop panicking and using 24 hour based numbers as stats. This is called Variance. Just a little over a day ago, BU was sub 30% and Segwit was leading. Calm down and ignore the fork, which apparently nobody wants (see at the price on Bitfinex e.g.).

The market is currently starting to regain trust that a fork will not happen. There have been several statements that companies don't want Bitcoin to fork in two. For example:


https://twitter.com/f2pool_wangchun/status/846266755391512577

They can't reach 75% without F2Pool and the others supporting Segwit anyways.

---

Current trend: Minor bullish.
After BTU is completely dead: Massive bull-train.

Segwit hashrate: 45.65%

---

It is pretty much the same as it was back at 35% vs 30%. Nothing changed. I wonder where the Price would be if there was no BTU attack panic recently.

This place seems to quiet during a positive movement. Anyone sold at the bottom?



$1200 would be nice again.

Even with all of the 51% HF attack fear mongering, Bitmain stalling for selfish reasons and covert abuse of ASICBoost. Now imagine where the price would be if neither had occurred and Segwit was already activated.

Has the ~1k BTC wall on Bitstamp been eaten or has it been withdrawn? Has anyone managed to catch that one? I had some work to do and missed the price breaking $1200. This trend seems extremely bullish even with North Korea aka. Jihan practically holding the network hostage.

You are absolutely right. I had just forgotten to mention Litecoin's situation considering that I was merely posting about the price of Bitcoin. It is absolutely clear that Jihan is holding Litecoin hostage.

That's interesting and good to hear (rather than it being removed, which would be a sign of manipulation). The price seems to be back around $1200 again. I wonder if it will hold.

Have I missed something which has triggered this movement on Bitstamp?

I'm still wondering when China is going to sort their exchanges.

Those gifs are too short! Unless one is watching closely, they are likely going to miss it. $1380 ATH on Bitstamp.

---

Do you by any chance mean this one?

I've just checked for you:

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$1400 next stop on Stamp (Finex is long above $1500 it seems).

---

For those that do not know, it's a holiday in Europe today. Bank deposits should process early tomorrow. Where are the trains and rockets?

What are the targets for today, $1450 - $1500 on BitStamp? There is some talk about short liquidation if Bitfinex hits $1600 which could slingshot it much further.

---

Here's fresh data:

The Bitstamp ATH is $1425. We are ~$3 away from a new one (although the small changes in ATH are irrelevant). You can easy check this out on any chart: https://bitcoinity.org/markets/bitstamp/USD

The bank transfers in countries that had a holiday yesterday should be processing today. Therefore, I do not see a reason for which this shouldn't continue at least for a little while longer.

There are some pathetically desperate bears on Bitstamp:

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Is this all they've got? Here's a gem from the past, i.e. the slaying of a bearwhale (30k BTC): https://www.youtube.com/watch?v=-uX_bB_4VJk

I know that you're being sarcastic, or at least hope that you are. The "mini-wall" has been eaten:

---

New Bitstamp ATH $1440. Does anyone remember when reaching gold parity was interesting?

Hopefully that article isn't an exaggeration. 

---

Is this the "dip"? If so, then I'm betting on $1500+ on Bitstamp + GDAX by the end of this day.

Someone asked for an update of this gif, and someone created it (I'm just sharing). Make sure to bookmark it: https://i.giphy.com/l4FGCYu1xKXZAoBwc.gif (can't be embedded here probably due to filesize)

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Any projections for this uncharted territory? New support building at $14xx+?

I didn't have time to modify it so that it works on the forum too, but someone else did in the meantime.

Finex was above $1600 yesterday. Didn't you catch that?

You are welcome.


Support building above $1400 would be a very good indicator IMO.

$4 away from yesterdays ATH on Bitstamp. Is anyone else ready for $1500 to break over there as I am?

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I would advise against attempting to sell high and buying low for inexperienced people, i.e. those who don't trade often. It is highly likely that you will end up doing the opposite, i.e. sell low and buy back in high. I've seen this happen to a lot of people.

This was the latest Bitcoinity gif that was shown whilst watching Bitstamp.

---

~240 to go.

I think that a lot of people are currently using Bitstamp as a real measurement of the price. Therefore, $1500 is somewhat significant to be broken there.

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Update: Wall was eaten.

My thoughts exactly. Quite the amazing feeling. $1550 right now on Stamp. Is $1600 a viable target for today? This feels much different than a bubble, it grew 19% in 7 days.

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Ready for some champagne, gents?

Why a correction that big thought? Maybe it may stabilize somewhere between 1500-1600$. All it needs to do is spend some time not moving in either direction to make it 'healthier'.

Yes from $10k into ~$3-5k. I'm not selling anything even in times of need below $10k.

The bare minimum for anyone should be the Bitcoin Millionaire Club (21 BTC), although that seems rather expensive nowadays.

I just might be!

I would tend to somewhat disagree. What I expected is that Bitfinex price would keep rising while the other exchanges kept going down or not moving at all due to increased sell pressure (getting Bitcoins out of Finex and selling them on other exchanges). However, the problems with Bitfinex also came around the time that Bitcoin essentially went "viral" in Japan along with the ruling that it is a legal means of payment. Right now, the spread between Bitstamp and Bitfinex is: ~80$, which is ~4.9%. This is much lower than it used to be (percentage wise). It was around 7-8% IIRC.

There are too many ATHs. After waiting for so long since 2013, it started becoming an everyday occurrence, thus boring. $50-$100 movements and some *psychological levels* are interesting.

Am I the only one who thinks that you sold at the bottom?

Here is some data:

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I was away for a few hours. I can't believe how close we are to $1600 on Bitstamp.

If Bitcoin were to violently correct after a double digit rise in 2 months, what should happen to the alts which generally had a  >500% raise (total market cap) in the same time period?

I love your perspective of bubbles. Altcoins:

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500% in 60 days seems rather small in comparison to <50% in 60 days for Bitcoin, does it not?

$1530 on Bitstamp. Either this is the dip or we have reached the end of our current flight.

Gox was easy to avoid if you knew what you were doing.

Don't pull that TA nonsense right now. There is no double top. You only perceive what you want to.

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Whilst being away for a while, I certainly did not expect us to be at $1600 again right now. I do hope resistance starts building above $1500 for an enjoyable ride.

Segwit -> Signature Aggregation & Schnorr Signatures -> LN & sidechains.

I wasn't expecting Bitfinex to be the next Mt. Gox even though there was a lot of fear being spread around the forum and in this particular thread. I'll give them the benefit of the doubt until I read the public announcement. The difference between Finex and Stamp is <40$ right now. As the price is still above $1500, this means that the price rise was not artificially induced via Finex issues.

BU opens the road to a DOS attack vector with their bare block size increase. Additionally, (as was already seen) they also open up a lot of exploits in their bad code.

This is bullshit. LN does not need Segwit and LN will happen regardless of whether you want it or not, or whether Segwit is adopted or not. LN needs a malleability fix, and SW is just one of the ways of doing that. LN does in no way create centralized control of Bitcoin nor does it lead to bankers "rejoicing". Looks like someone didn't even read the ELI5.

Just don't tell me that you're holding USDT on the shady exchange called Poloniex. Just be a bit more patient (Finex wise).

A malleability fix is definitely needed. Assuming the worst because you lack knowledge and understanding is absurd.

What good would this do besides delaying the already very delayed process of implementing Segwit?

LN does not enable any kind of centralized control. You do not understand LN, neither the reasons behind it, its features nor its limitations.

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You should go back to ELI5 threads and we should be back to discussing the price in here.

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Jimbo, where are you?

Okay, fair point. I have changed the wording to shady (see original post/quote update). Just look at all those orchestrated pumps and dumps, and random dead coins going up >1000-10000%. There is no way that Poloniex isn't involved in some way IMO.

This is a sign of confidence in the market. The interesting thing about the current price is that GDAX is $15 higher than Bitfinex!

Bitcoin Is Less Volatile than the Euro: https://fee.org/articles/bitcoin-is-less-volatile-than-the-euro/ ; don't invest in Euro more than you can afford to lose. Oh how the tide is turning.

I think that a lot of people thought it would heavily correct itself and thus also sold at the bottom. That's one of the reasons why this thread is quite. Consolidation at this price is very optimistic IMO. Now if miners/pools were to activate SegWit we'd probably see a very sharp rise within the year: https://twitter.com/ViaBTC/status/860933165002522625

All altcoin use cases can be superseeded by sidechains, thus altcoins really won't have any use-case. I'll prepare my popcorn once sidechains become viable.

It is, and so was $1200-$1600 and yet here we are.


BitFinex is about to announce 'news' this Monday and the price is already ~$20 away from its 3d high or ~$60 from the ATH. Coinbase and Gemini are also above $1600 whilst Bitstamp isn't far from it. I think that the sentiment is still very bullish.

Altcoins are absurd. 99% are scams, vaporware or have no use-case. This is a full blown out Tulip Mania: https://en.wikipedia.org/wiki/Tulip_mania ; Just a small heads up to those who do not know what happened with the Tulip bubble:

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Back to the important stuff:
I don't think he meant to speculate only anything other than that the bull trend is still present and that we're going up.

In case that you've missed this (which I find rather very important): https://fee.org/articles/bitcoin-is-less-volatile-than-the-euro/
Here are two nice website to track this:
https://www.buybitcoinworldwide.com/volatility-index/
https://bitvol.info/

I never said Bitcoin had anything related to the Tulip mania. Whoever did clearly didn't understand anything at that point of time. Looks awfully similar, doesn't it (the more you zoom out, the worse it gets)?

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Compare that to the Bitcoin chart for the same time period (full view):

False comparison. This is a time span of 3 months and you're comparing it to a time span of several years. Additionally, the 2013 bubble was caused by the Willy bot. It has nothing to do with the actual price of BTC (thus the chart would need to be forcibly corrected).

Classic corporation/centralist shill.

When is it going to pop and who is going to be left holding these bags?

Disagreed. Anything that even closely resembled a bubble in Bitcoin has always crashed (see May 2013). It doesn't seem like you can recognize obvious bubbles, or are you telling me that >$20 billion poured into alts in <60 days?
 
It is true, but I did not mention market cap dominance being rightfully 99% did I?

Neither am I. BTC dominance on market cap is nonsense due to several things:
1) Valuation of coins that have minimum trading volume (e.g. sometimes even sub $1000) in 24 hours as in several millions of market cap.
2) Counting centralized, corporation issued tokens such as XRP. This one is nonsensical
3) It's BTC, the digital gold up against several thousands of altcoins in that metric.

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We are back above $1600 on Bitstamp. Why is everyone so quiet?

Good morning gentlemen. Is Bitcoin about to go crazy whilst alt start going down? I'm quite surprised that it's almost at $1700 on Bitstamp. Here's some data:

It looks like almost all of them are bleeding; take a look:

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We hit $1700 on Bitstamp!

A moment of silence for Proffesor Bitkorn:

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I don't see an ETF denial having a significant effect, especially not as last time. An ETF approval would make this bull market go full crazy. Do keep in mind that the commission consists of different people now, so the chance for rejection is not 99%.

It seems that $1700 is holding so far, even after several attempted dumps. I like the positive sentiment. Here's some fresh data for you to chew on:

Another day, another ATH. Time for a small break and then again towards $2k territory?

Very low volatility as well:

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Was this everything that the bears got? If it remains around or above $1800 for a bit longer, I'm sure that we are going to see >$2000 very soon. Although that may be considered a "psychological barrier" and may cause some profit taking. Jimbo, where are you?

My Bitcoins are only up ~36% in 30 days, time to panic? Get real people.

I must say that it is. My own "best-case" scenario was sticking above $1700 for a while, but here we are already around $1800. Prepare for the negative comments of the people who sold at the bottom though.

The volatility is pretty low nowadays. Historical volatility is less than 3%.

You are telling me things that I have known for years. I don't really care about people led by emotions such as the two types listed by you.

I can agree with this.

You do realize that it recently, albeit briefly, had a lower volatility than the Euro? Anything sub 5% in the historic volatility (as per that website) is great. Furthermore, Bitcoin seems to be on the track to reach standard currency volatility.

Speaking of the ETF, does anyone know where I should be looking for the news?

Thanks. I expected some other source though.

I genuinely thought that this was not the case. Thanks for sharing.

If what I've read is true, there is no deadline on a decision for an appeal.

No. This remains constant. Fee is determined by the size + recommended fee-rate. It always has been. That put aside, there is a massive spam attack again. Mempool jumped by over 100-150k in <24 hours.

---

---

In case that TA isn't a lie. Source. https://pbs.twimg.com/media/C_tvXDnXcAA4G55.jpg:large

Definitely impressive and unexpected movement today. Maybe it is time to start building support above $1800?

Not every movement upwards is a pump nor is every movement downwards a dump. Please stop using those words inappropriately.

That would be nice.

Then you do not understand anything. Let's start with the crucial one:
1) DoS attack vector due to quadratic validation time O(n^2) at 2 MB. You are able to construct a transaction/block that takes longer than 10 minutes to validate, essentially preventing others from catching-up to you.
2) Increased orphan rates.
3) Increased node centralization/decreased node count.
4) Increased mining centralization (direct effect of the 2 above).
5) Risk of chain-split.

---

There's probably more, but these are the first ones that come into mind.

You can scale Bitcoin to a fair extent without modifying the block size. Segwit -> Schnorr + Signature aggregation -> LN/sidechains/TumbleBit/Mimblewimble.

---

I just noticed this wall at Bitstamp:

Another day, another ATH. Meanwhile, true Bitcoin holders be like:

---

On the other side of the Spectrum, "altcoin bagholders", "propagandists", and "paid shills" are like: "Look at the mempool!!! Bitcoin is dead!".

---

I'll get a little excited if we break $2k on Bitstamp and stay there.

No. However, I don't like it retracing too much which is why I want support to start building after a certain point has been reached rather than hoping for "moon".

Indeed. UASF is a pretty decent method for deploying a network upgrade if you have or several actors maliciously aligned against you (i.e. the super majority of the system). An alternative method for deploying Segwit would be a combination of BIP9 and UASF which is BIP8.

It really depends on where you are currently looking at. Bitfinex has hit a new ATH today. Bitstamp is +- 30$ from its ATH.

Is this a mini battle of the walls?

---

Then someone comes up to me and tells me that Bitcoin is volatilize.

I am really surprised with the current price and am looking forward to reaching $2000 on Bitstamp. I just hope that it doesn't make a very strong backwards movement afterwards.

This is interesting as Finex has yet to solve their issues AFAIK.

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It's time to post my favorite gif into this thread again:

If UASF becomes a sucess, i.e. Segwit + LN become operable on Bitcoin, I'd expect the price to be anywhere between $5000 - $10 000 shortly after. The effect of Segwit & LN on Litecoin (which did not require it as far as throughput is concerned; but it does fix a lot of things) is undeniable.

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I see some desperate bears. The spread between Bitstamp and Finex has increased again.

This is the video: https://youtu.be/J_Y-4ox28uY?t=3. It was up much longer than gifs usually are.

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Bearstamp is still fighting with its walls.

It has fallen already.

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Another, smaller, ~170 coin wall is up again. Resistance is futile.

A few more hours to go. Meanwhile:



Such a pleasant sight.

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If pushing the price briefly twice under $2100 is everything that they have/the *correction*, then I will see you gentlemen between $3 and $5k soon.

Gif on Bitconity for hitting $2400 on Bitstamp. Congratulations gentlemen. The party is just begging.

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The only correct technical analysis of the Bitcoin market:

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The blood bath has started. How many times will Bitcoin be declared dead after this one?

Does anyone else think that $2500 is likely for today?


The Chinese are back:

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I still wonder why the premium on the OTC market is this much higher than the current market rate. Right now it is enjoying a 100% premium: https://www.otcmarkets.com/stock/GBTC/quote

After banning hundreds of bots, and some deep infiltrators who were actually NLC (one was even helping me with reports at the time!), I am positive that he's still around in this very thread.

---

Back to the topic at hand, this surge has definitely surprised me. I knew that after so many attempts at breaking $2600 we were going higher. We are just about borderline to the "too fast too soon". I have prepared a dance for once we hit $3k.

No, not at all. You were one of prime suspects for being NLC. To this day, I still suspect you due to the absurdity sometimes found in your posts.

It's a small gif; the dance of my species. Not anything particular, just a *out of joy* dance. It shall be posted after $3k has been breached. I do not expect this to take much longer though. At this rate it could be sometime this week, heck even today!

Well, enjoy your corporation & government controlled "money" which isn't actually supposed to be P2P money nor digital gold. ETH and Bitcoin differ, albeit people who are greedy want them to compete for said reasons. It will suffer even greater scalability issues, and it has a "de-facto" king Vitalik who decides where it is going and what will be done. I came to Bitcoin because of the original vision of cryptocurrencies, which is decentralization and whatever came with it. If you think that "ETH" is the "de-facto" money making machine, then you are delusional yourself. Much higher ROI can be found elsewhere. Anyhow, there are already superior coins to ETH in the works, e.g. Byteball.

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That off-topic, ETH shitcoin shilling put aside: Someone seems to dislike the thought of $2900 in Western exchanges. China is constitently pushing towards $3k.

Are you stupid and spreading false information? Yes.
"Core" signed nothing, and there is no such thing as "Core" when considering a singular entity. A few contributors to Bitcoin Core went to that meeting as individuals, thinking it was a good idea. They all signed it as individuals. Gmaxwell was not even part of that group and criticized the agreement right after it was made public. FYI: F2Pool broke it by mining a Bitcoin Classic block, thus the agreement was void at that point.

No. ImI is absolutely wrong and uninformed.

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You can thank JihanCoin for this price decline. Weirdly enough, it happened just 1 day before I needed some cash. Scaling is a minuscule problem compared to ASIC monopoly and the mining cartel.

In hindsight, the agreement was a bad idea. As said, F2Pool broke it thus it was void. You can't blame anyone for not delivering their end of a deal that was void.

Do you even understand Bitcoin? If you want proof-by-proxy then either go to Barrycoin or Jihancoin. No "groups" of any kind decide changes to the consensus rules.

He has his reasons. Regardless, he is a very good developer. Better than any single kid from the BU team.

Why would you hodl dirty fiat?

No. Your understanding of Bitcoin is completely flawed and you need to stop shilling (I do not imply that you are paid; just posting supportive nonsense) for Ver/Bitmain/BU. They are the sole reason for which we are in the state that we find ourselves today. "Miners do not decide what happens". That is not a consensus-mechanism. Any kind of change that is done by a miner, and not backed up by widespread consensus creates an altcoin. Regardless of the hashrate. If Bitmain wants to test the users and developers, then it s possible to go full nuclear and change the algorithm completely. You need to stop worshiping people who have contributed almost nothing to the development of Bitcoin (code wise).

These fools have fatal understanding of Bitcoin, e.g. with things like "the longest chain is Bitcoin" without even understanding what they mean. The longest chain with the most amount of work, following the existing consensus rules is Bitcoin¹. If Bitmain forks away themselves, they are creating an altcoin. The same goes for any kind of proof-of-proxy "backdoor agreements".

I do hope we've hit the bottom.

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1 - This isn't the full definition of it, but mostly directed at the false understanding that "the longest chain" == Bitcoin regardless of the ruleset.
@monbux: If you need education/consulting, hit me up. I usually don't offer it for free, but I'll make an exception for a member such as yourself.

I fully disagree. Luke-jr is a honest small blocker and has been consistent with his view for a long time. Anyhow: 1) He has had very decent contributions to the code. 2) He has written that HF proposal that increases the block size eventually.

No reasonable amount, which would not fully centralized Bitcoin, is enough. Increasing the block size != improving scalability. Segwit -> Schnorr + signature aggregation are a very nice step. For those that do not know, and I'm sure ImI is part of those, the latter requires 1 signature for inputs from the same address. This means that TXs pulling out a lot of inputs from the same one would be very small in size in comparison to today. The bonus side effect of this improvement is not only capacity, but also the incentive to consolidate UTXO. Block size increases make sense, to a certain degree. However, kicking the can that way does nothing but set precedence for "weak/lazy scaling" and centralization. Let's have actual improvements, like those mentions and Weak blocks, before we do this?

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Bottom reached?

He is not advocating 0.5 MB anymore. You're confused. He's supporting BIP148, i.e. Segwit which is essentially a size up to 4 MB.

No. I take it you have not studied any area of computer science? Increasing raw throughput does not mean improving scalability. This is me, talking to you, whilst ignoring the 2 MB DoS risk due to quadratic hashing time (I'll let you guess which proposal also aims to fix this but is being blocked by a cartel ).

In Bitcoin, the only vulnerable algorithm (at this time) would be ECDSA. The plan is to move to Schnorr anyways and Segwit makes this move easier.

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Back to price talk?

No. You are uneducated about these concepts, i.e. you don't even know that scalability actually means. If you are not willing to listen and learn, then I will no longer be wasting my time on you.

It is not just a correction. I take it you have missed the Bitmain announcement/threat? I do not want it to go any lower, at least not yet.

Consider this: 99.9% of the people that one encountered in the past year or so, are either inferior by knowledge or intellect and claiming they "know" or "understand" stuff whilst propagating completely flawed knowledge to others (which is damaging on its own). Therefore, you should understand.

I explained it to you with a rather lengthy paragraph. You've just dismissed it and continued posting the same nonsense.

Scaling does not just mean more throughput on the main chain. Adding more throughput by increasing the block size is absolutely not equal to "improving scalability". An example of improving scalability would be enabling more throughput by using the same amount of resources. Signature aggregation, as described above, would be an example of such. Another way of imporving scalability is reducing resource cost, which is what Segwit does in part with it's sighash (trying to scale down the quadratic validation time to linear, which would also mitigate the DoS attack vector of a raw block size increase). There are also some other examples, but this should give you a general idea.

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I am absolutely positive that we would have been somewhere above $5k, and pretty stable, had Segwit activated in January or February.

Here we go again, no argument to refuse anything and continual looping of false knowledge. Unfortunately, theymos is too liberal and his forum policy tolerates bullshit and all kinds of misleading information.

There is a DoS attack vector at 2 MB that can be malicious exploited, especially by a mining cartel. It seems like you are heavily uninformed. Maybe less r/btc time next time snowflake?

It seems to be pointless with some people. Reminds me of Flat Earth believers or the Anti-Vaccination movement. "You are an expert, what do you know? I have a right to have my own opinion!!"

Signature hashing is quadratic not linear.

Let's clear up some misconceptions:
1) Increasing the block size limit does not improve scalability. It does provide more throughput, but Bitcoin scales the same way. The current flawed design makes it actually scaled quadratically (signature hashing). A good example for this would be the Towers of Hanoi with 3 levels (1 MB) and e.g. Towers of Hanoi with 5 levels (as 2 MB). Try it.
2) Increasing the block size limit is not a change of 1 line of code. This has been a false myth being spread by people who don't even understand what they are preaching. You can't just magically put that number into your client. It needs additional code for: 1) Activation method/threshold. 2) Replay/DoS protection. 3) Tests.
3) There is a present DoS attack risk at 2 MB due to point 2. Read: https://rusty.ozlabs.org/?p=522
4) A block size increase is a solution. Whilst I do not aim to dismiss the throughput increase, this is not a solution of any kind. If a mallicious attacker wanted to, they could fill these block up over night. Either that, or you could get enough demand that would fill it up very quickly. You will end up asking for X MB afterwards, which would further centralized Bitcoin whilst not improving scalability.

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I am not a sophist of any kind. 99% of my posts are true and I welcome anyone with better knowledge. I am also not even paid to combat the false knowledge, shills and whatnot whilst being very sure (and not referring to you) that certain institutions and groups are actively paying people to spread fake information in regards to Bitcoin, especially scaling.

It seems that Bitmain wants to self-destruct themselves or they are unable to admit being wrong (or may blame BIP148 for the damage created by "Jihan Activated Hard fork"). Actually, if they do what they threaten the network with, there is a chance for 3 chains:
BIP148
Legacy chain
Jihancoin.

Can you guess which one I will be dumping?

With statements like these you just look like an outright idiot that can not admit to being wrong. Does this remind us of some individuals? I'll give you a hint, one starts with a R and with a J. Debunking your correction easily:

What fees? No congestion = very low fees or no fees at all.

Let me get this straight: You want to put further centralization pressure on Bitcoin with 2 MB blocks and you hope that they get filled right away so you can demand even more centralization pressure for more throughput?

A block size increase is not an improvement.

Let's stick our head into the send and ignore malicious individuals who do not do any kind of financial transactions nor valid data storage, but just create transactions for the sake of spamming. Wake up. These kinds of stupid statements make you look like a government shill.

You wouldn't 'triple your money' if people actually listened to engineers and not business men or laymen like Ibian. You'd probably see a tenfold increase.

IIRC he did state once that he buys from BTMs.

Don't abuse my photo!

The shitcoin bubble has yet to truly burst.

Are you sure that we are not heading into times where the opportunity is going to get better?

Anyone else enjoying the blood bath? Real Bitcoin holders remain unaffected.

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The Bitcoin price is holding pretty nicely in comparison to the *rest*.

Indeed. The good part of a longer bear market is the chance of getting more BTC.

I have absolutely no idea how down I am, and I do not care. The Bitcoin price holding over $2000 is pretty great.

But someone told me that unnamed coin is the future

The only truth right now: Bitcoin is the only coin with any actual fundamentals and widespread adoption. The rest are purely speculative or scams.

If you think that, then you have absolutely no idea what you're talking about and you're being bamboozled. Roger Ver has absolutely zero credibility when it comes to technicalities, and CW is a scammer. Both have fundamental misunderstanding of SegWit and scaling in general. What their actual agenda is, besides centralization/corporate takeover, is debatable.

It's a choice between an actual improvement and one that does nothing besides give a little throughput and centralization.

Again, you have no idea what you're talking about. Segwit2x, aka FrankenSegwit, with their ever changing proposal wants to do a flag day fork in November this year.

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You think that the current movements are entirely related to Segwit and BIP 148 / Segwit2x?

I think it is fair to say, looking back, that this may be of the biggest buying opportunities above $1k. Moon would be easily reachable if we didn't have malicious agents trying to centralize the system.

I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of.

It has horrible code. One of the hardcoded seeds is basically an anti-privacy (chain analysis) company by Garzik.  

In other words: Speculating on possible negative scenarios?

What's the point of Bitcoin being worth $100k if those $100k are almost worthless? If all traditional currencies collapse, then we will have to fundamentally change how we value Bitcoin.

So, have we entered full reversal mode yet? It seems to me that occasionally a wall pops up to push the price back into the *right* direction.

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FrankenSegwit isn't as great as you think. If it prevents a split on August the 1st, that will definitely be a good sign. However, we will experience the same problems again before their flag day HF.

I hope for a full retracement, but will not be certain of it until we are above $2500. A lot of money could have been easily made in the last couple of days, for those who trade smart.

It does activate Segwit. You have a fundamental misunderstanding if you think that it does not. BIP91 will start orphaning non-SW signalling blocks after it has 80% of the blocks for 72 hours (IIRC). This means that the traditional activation mechanism will see a spike to 95% (BIP9) which requires 2 weeks to lock in Segwit, and then another 2 weeks to activate it.

No. That is also fundamentally wrong. BIP91, after locking in and triggering will orphan any non-Segwit signalling blocks, which is the same that BIP148 starts doing on August the 1st. As long as BIP91 locks-in before August the 1st, there is not going to be a fork on that day.
UASF is BIP148, or to be more precise: BIP148 is an implementation of UASF. BIP148 does not need 95% consensus (this number was never associated with it).

The only reason that I somewhat like BIP91 is because it can (and possibly will) prevent the split on August the 1st. The latter part of it, i.e. the hard fork, may end up being a disaster (if it happens).

No. I am not a trader, or at least not a day trader. I can't bother to move cold storage funds to an exchange for these swings and trading with a few thousand USD is waste of time for me. So, you didn't manage to buy back in yet? I certainly did expect it to spiral down that much, that quickly.

I'm somewhat inclined to say that it's rather much simpler than people claim it is, but that may be cognitive bias. The problem with it is that 'what can' and 'what will' happen keeps changing. It is still not definite that a split will be prevented. The odds just keep changing.

I was away for a bit, thus was out of the loop. I was very surprised when my phone was vibrating today, several times (my settings aren't too sensitive though). Unless something goes really wrong, BIP91 is locking in this period. This means that there will be no chain split on August the 1st whatsoever (no BIP148, "UAHF", etc.). Segwit is to activate near the end of August. Anyone want to place some bets on the price then?

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By coincidence (?), today is Moon Day. It is time for this gif again:

The current ATH for Bitstamp is $2980. We got very close to it yesterday, but the price was going way too quickly and was not sustainable. I think that a new number may be possible, very shortly. Therefore:
New ATH: July 24. 2017 (even if entries can't have the same date?).
Reason: BIP91 activates in ~250 blocks and the reached price yesterday.

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In case that some people have not noticed it yet:

It does seem like it, doesn't it? UAHF, Bitcoin ABC, Bitcoin Cash, Alphabay and Hans seized, Bitmixer gone, BTC-e suddenly down.

"Something". Anything centralized and illegal which grows that big eventually will get found and shut down. That's for sure. However, this is a non issue with the rise of decentralized solutions, e.g. JoinMarket and Tumblebit. They are superior to mixers anyways.

Speculation like that often only leads to panic. It is possibly as the story would fit, but I wouldn't place any bets on it yet.

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I wonder how much BTC-e going down has affected the price.

Why stop there? If the flag day fork in November is avoided $5 to $10k seems reasonable.

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I said I'd post a special gif of myself once we surpass $3000, and this was quite some time ago (I think it was around the first time we hit 29xx on Bitstamp). Here it is:

R0ach doesn't like the kittycat as kittycat destroys his bullshit and useless metals.

I wish Roger Ver and his baboons would do what they preach, abandon Bitcoin in favor of their created altcoin, Bcash. This would reduce the stalling. You want another special gif at $5k? Deal.

That is already boring. Give me $4k.

I am almost 100% confident that this will take us to a new ATH today.

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In case someone doesn't know where to check that information: https://www.xbt.eu/.

You can, trivially, check on https://bitcoinity.org. BitStamp ATH $3490.

The software upgrade that he is referring to is Segwit, and it locks in today.

No. I want $4k today.

Read some of the previous posts before you respond. I don't know how widespread this website is: https://www.xbt.eu/, but it is pretty safe to say that lock-in is certain.

ETA 6 hours for a lock-in -> upwards of $3.5k today?

How should I know, people are weird.

Probable certainty then.

No. Activation will be certain once the last lock-in block has been mined.

Yes.

It doesn't matter what theymos said, don't do appeals to authority. Nobody can give you an exact time, and August the 10th was an estimate. Due to rising hashrate, the period end (therefore also the time at which it locks in) has come closer. The same happened with the halving last year, which came earlier as blocks were mined on average faster than 10 minutes due to spikes in hashrate.

Okay, so who is dumping?

I want to see $3.5k.

Battle of the mini walls at BitStamp.

That idiot is more stupid and butthurt than professor Bitkorn. You really need to be delusional or have ulterior motives to write/predict something like that. I'll buy all your Bitcoin at $3.5 per piece.

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Meanwhile, the price gif has been updated and future proofed:

Bullish? Congrats on the new ATH.

They are probably sourcing the coin that gets auctioned off differently than those that are on the market. I don't mind either way. I hope that we see >$3600 today.

The same reason for which people generally FUD Bitcoin or r/btc FUDs SegWit. They are stupid and/or ignorant to know better.

I wonder what the price will be at the time of activation. Maybe OP should change the poll to reflect on that?

Yeah, but most of the victims do not have Bitcoin and have just possibly heard a bit about it. I don't think that slapping "register to Kraken, buy Monero, etc." instructions on the ransomware would be too difficulty. Monero is harder to use than Bitcoin, but it shouldn't be that hard.

It is kind of boring until at least $4k. I don't like the mini wall on Bitstamp on $3600.

Here we go, another ATH. Hopefully we hit $3600 today.

I underestimated this. Maybe $3800 - $4000 Monday target?

Possible for sure, but I'm hoping it takes a mini break for a day or so.

Yeah, I'd hate to see $2xxx range again. Do you guys remember the SEC ruling, when people who sold at the bottom were telling us we are going to $600? That feels like it happened ages ago.

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Someone placed a wall on Bitstamp, but it's being eaten already:

Soon: https://www.xbt.eu/

---

Amazing new ATH, so close to $4k. Some dumping has commenced and made the price tank by $100 within seconds.

I hope that we don't lose all of the daily growth.

I'm wondering whether you're trolling, you've sold somewhere very low or you're just outright stupid. The new floor is somewhere between 2k-3k if not higher.

Looks like a forced and failed dump aiming for a correction (hence failed)

Thanks. People who think that we may see sub $1000 or even sub $2000 (possibly, too early to tell) again are delusional at best. Just take a look recently what happened:
1) Major exchange is gone (BTC-e).
2) Biggest Bitcoin mixer is gone (bitmixer).
3) Several darkmarkets are gone.

What has Bitcoin been doing since these events occurred? Kept skyrocketing. The honey badger does not give a fuck and keeps storing wealth.

Ironically, I've read such claims (comment section) on some very recent articles in a few mainstream media. This is further proof for my belief that in a time where we are presented with a wast source of information (interweb), that average Joe keeps distancing himself from facts and that the average IQ/knowledge keeps declining. For example, one comment claimed that most of BTC's transactions are dark-web related which is absurd as: 1) You can't know which transaction is which / only estimate. 2) Transaction volume has not taken a significant hit after the markets were killed. 3) BTC is excellent for online transactions, and I'm sure plenty of people use it (I don't even have to mention Gambling).

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I hope this price point holds: 37xx.

It is. It shows that Bitcoin has become so robust that these events have minor effects.

Wrong. It was quite heavily swinging up and down, and even reached a bottom of $18xx.

"Some" and SegWit can't be placed in the same sentence. You have no idea what you're talking about.

Absolute numbers are useless, use percentages.

Okay it looks like I underestimated this again. Any ideas as to where the "top" may be?

Well, hopefully it doesn't correct too strongly this time around. Remember, we are up >80% in 30 days.

Looks like it the top isn't 4150. Another ATH reached. $5k soon?

What makes you think that it would peak at $4200? I don't see an indicators for that specific price point.

That's one way of showing the "Bitcoin = tulip bubble" guy.

There are three possible reasons for which the price "for you" is that low:
1) You are stupid/trolling.
2) -ll- paid to write nonsense.
3) You have sold at the bottom and now you're spreading FUD like professor Bitkorn.
 

The internet will remain functional.

Paid idiot. BCH = altcoin, regardless of price, hashrate, adoption, whatever. Anyone who thinks that Segwit is bad, aside from being paid by Ver and Jihan to *think* that, is highly ignorant if not outright mildly mentally retarded.

The price could avoid a correction leading up to Segwit. If it does not correct by then, then it shall post activation (but we may see even a higher price at that time).

That's the dip that people who sold are hoping for.

Now think about what the coming 21 months will hold for us.

Not yet.

I called it just a few hours ago.

If by "correction comin'" BobLawblaw meant a new ATH is coming, then he may have been right.

Where is the correction that some have been smelling earlier today? Time to eat this mini wall on Bitstamp and move on. Next stop $4500!

Or you've sold at the bottom, which is it?

Excellent.

This should have happened. I hope that it remains a bit flat around 42xx for some time.

That threat has forked off, at least for the time being. If miners were to back away from that FrankenSegwit nonsense, we would be steadily flowing towards a bottom between $5 and $10k in Q4.

Sell if you want to get burned.

Next halving? Let's talk about the one after that.

Honey Badger has just begun its trajectory. Wait for more TPS and the first ETF. $4200 will look the same way that $100 looks to us now.

That was an awesome ride to watch in hindsight. I wonder whether we will break $4500 today. It seems that this bull run is stronger than anything we've seen in quite some time.


Relax mister bee. Slow and steady is best.

Correction imminent or just a big dump from someone?

Well, it didn't hold. Seems to have bottomed out at exactly 3800 which is quite odd, but I'll take it. Hopefully it stays above $4xxx this time around.

That picture is awesome and a perfect depiction of what was going on at the time.

Seems to hold, for now at least. This is becoming quite the roller coaster. We haven't see this kind of .

You should try drawing one yourself. I know that you can do it!

Wait for the first, real, ETF to be approved and then we can talk. $4xxx will be a thing of the past.

Which is complete bullshit. I wonder how those writers got their jobs?

Comparing Bitcoin to tulips is retarded at best and completely flawed in every way. How can one not understand the value that Bitcoin sets? We are talking about a whole new payment system/platform and a store of value that is by far superior to any existing financial system and store of wealth (gold sucks FYI). They have a chance now, especially the young, to risk and potentially be rewarded later. However, they choose to let their ignorance and stupidity take over which is why they haven't bought Bitcoin at $1-$10-$100-$1000, et. al. I'll wave down on them once we reach Moon and we built a Bitcoin city on the actual fucking Moon.

Total time logged in: 830 days, 6 hours and 14 minutes. Peasants.

You can see that for everyone by going to their profile and clicking the General Statistics, here: https://bitcointalk.org/index.php?action=profile;u=101872;sa=statPanel.

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Here's some, on-topic data:

Either someone knows something or this is just the usual movement. Correction over with a low of $3800? If we break $4.4k this time, expect $5-$7k to be the next top (if not more). My $4k (evil this time) gif (late):

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Leet number of Bitcoins till $4500. What does that tell us?

It has absolutely nothing to do with that. They are using "the blockchain" not Bitcoin.

How to spread FUD 101. For this to work, the following is necessary "The key to performing this hack is simply connecting two pins inside the Trezor device at the right time, even paperclip is suitable for this.". They also claim that there is an advanced version of it where this action is not necessary, but fail to disclose it. Additionally, this was bound to happen. The next version of Trezor and similar hardware will/should be resistant to this.
Nicely put. Side note: Link seems shady. I wouldn't touch the stuff that it provides.

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ATH imminent?

I called it.

Time for $4500. Prepare your rocket gifs.

Less than half a million USD. I can't remember the exact number.

I've never seen so many bids on Bitstamp before.