So there's still no confirmation that China is going to ban crypto exchanges, right?

It seems like some big media groups just rumored this off and everyone started to follow it. Bitcoin, in my opinion, along with all the alts, would now start its recovery phase towards $5000.

From what I have heard ICO's are halted until they become regulated by the state

contrary to the FUD china is not banning exchanges or ICO's, just wanting to control and regulate it first


nefariously it is a great opportunity to implement state crypto allowing it to grow before trading against ICO's

Fake news I am afraid...

Chinese zero fee exchanges fucked Bitcoin's value for years on end. Every time there was a rise in the West, China dumped on it time and time again and for some reason the West was terrified of China despite it being four teenagers with bots. We only got significantly above 1000 dollars after China was closed down. China has done very little for Bitcoin's overall health.

Well they should be because it has a big hard cock.

You are either nutso, or you are spreading misinformation if you believe that the current state of bitcoin is lacking potency.

Good luck with your shorts.       

He certainly knows a thing or two about fraud ...



http[Suspicious link removed]cutives-knew-of-his-fraud-lawsuit-idUSBREA1J21W20140220

http://www.huffingtonpost.com/rj-eskow/jamie-dimons-jpmorgan-cha_b_1515185.html


https://www.forbes.com/sites/kotlikoff/2015/01/16/should-jaime-diamon-be-criminally-prosecuted/#257f023d3208

...and clearly knows fuck  all  about cryptocurrency or blockchain tech or the state of play in 2017

right now, hold. Wait for the bull trap rise before considering any sells.

I don't know Why but i Just want to make same ATH guess like last time
Rules ....: the one  with the right date of ATH gets .25 btc paid directly  (UTC time)    (closest to ATH.....)
I look to Every page in here from now When a date is picked first iT cannot been taken again ( 1st =1st)
Another .25 btc is rewarded for ho makes best of technical analyse of the time When we strike ATH.... and Why iT happens at that time.....
So This .25 also only to been payed 1 time .... and not 2 times te same explanation.... (1st =1st)

Both answers to win must been inside before 20-09-2017
Goodluck to the ones that like This  

UPDATE listmaking                 notice a * is when the person put good enough explanation for other .25 BTC  (person with no * only play ATH or have to put little better )

25/9 binaryreign*
28/9 khufuking
30/9 yermom
05/10 punisher1314*
07/10 player514*
10/10 bikerlezno*     LAST WINNER
15/10 ludwigvon*
17/10 shroomskit_disgrace
18/10 dakustaking76
22/10 cmacwiz*
25/10 soullyG
05/11 jojo69*
06/11 d_eddie*
09/11 podyx*
11/11 starving_marvin
13/11 dotto*
17/11 foxygoxy*
22/10 rakessh
21/11 icygreen*
23/11 erisdiscordia
25/11 mfort312*
27/11 lfc_bitcoin
15/12 philivey
26/12 karatma1*

ALLREADY TAKEN LOOOOOOK UP 

Yes... we're getting rid of all those stupid altcoins and with that, we're also getting rid of control of China over bitcoin.

It's a win-win situation if you think long-term!

It is not time to celebrate just yet...


Time to BREATH

lol USD 700 dollar higher than CNY. One of these will see a big correction. Question is which one.

One market is alive. The other is soon to be dead. I'll assume the living market is the relevant one.

You "can't" buy all ... because, only a FRACTION of Bitcoins are available to buy ... 

It seems all the big dumping and pumping starts at about 5:00 am to 6:00 am Mountain time, when I am still asleep. Are there a lot of whales located in the Eastern time zone(US). What do they do? Get up in the morning, start their bots to start pumping or dumping. Then shit, shower, and shave? Or is it those European whales, enjoying their afternoon by causing a bit of drama? I can't imagine its the Asians at that time, because it's bedtime for them. No?

4000 creamed, let's keep moving up now.

As a treat I plan on buying myself some silver or gold. Any suggestions on best sites to use from the UK?

Nah, didn't mean to induce anyone. As I've said originally, "I'm just wondering how deep that green/red candle would be"
As anyone can clearly see from my 'wordings', I'm not favoring any direction here, so there's no point of inducing.

Thank you for sharing your strategy though 

Give me a break dude. Your American I guess? Cant blame you the propaganda is strong there 

so if the price goes down I will buy and if it goes up I will sell... maybe I will add a little bit here or there, but does not really seem that clear in order to make any actual meaningful changes to a system that already works well.

What you are seeing below is a classic morning star on the daily chart indicating the start of a bullish trend.



Combine that with 2 weekly red candles behind us and RSI hovering in the mid 40's and I believe I'm sounding like a seasoned technical analyst even though I don't know shit.  I am however crossing my fingers for the new ATH to happen on Sept 27th 

Hit the nail on the head. I haven't seen a raise in my 'job' in 9 years, not to mention they cut my hours just enough so that I could no longer get health insurance. Fortunately I have other income and in fact I'm on the verge of ditching that job forever in favor a crypto-based venture. But most people are years away from seeing or even understanding what is happening to them. They're still looking to politicians to fix things.

Don´t forget the Immigrants, it´s a wonderfull life !

Big Picture Elliot Wave Analysis:

Bitcoin going back to $200 in next great correction prior to reaching the $20k range. He counts the waves differently and gets the same pattern each time.

@ragnar0k
Well started a few days ago, but like you I don't get where this comes from... The "3500 double bottom" maybe...

https://bitcointalk.org/index.php?topic=178336.msg22122795#msg22122795

Man, "declare" and "war" must be words that the robo trading bots look for to spike a massive buy order, lol. All perfectly timed I'm sure.

Shorts just shit der pants.

guys

I'm not seeing this as a "confirmed breakout" just yet

draw a line, log scale mind you, from the 4979.9 ATH to this and it touches at 4692 on Sept 8

this is a good hard bump of the upper trend, granted, but so far nothing more

I will risk being tiresomely repetitive and again call your attention to the, as yet untested, rising support line currently ~$2885

When I wrote "You have to know WHICH lines of code... bla bla...", I didn't mean YOU-Odalv. I meant YOU-developer-for-2x-Team (which I assume you aren't), and those developer(s?) (more than one? Really?) don't seem to be terribly skilled, according to the few who were able to peek into their github mess before they made it private. So nothing personal with you.

BTW, 20 years developing for banks doesn't necessarily mean anything. Many banks still have their old dinosaur system written in Cobol. No, not your banks. OK. From your words, I suppose you must use more recent programming languages, such as C++, so you are indeed able to tweak bitcoind, allright. Whatever.

However, Mr. Average Bitcoiner doesn't really agree much with the politics and rationale of the 2x fork. He's afraid of China. He's afraid of censorship from his own government. He's afraid he won't be able to run a node any longer because of bandwidth and memory requirements. He likes his SegWit, he waits for the Lightning Network to see what it can deliver.

But let us assume Mr. Average Bitcoiner agrees with 2x. He doesn't care about censorship or centralization. He hates SW. For some very good reason, he hopes LN fails miserably. Whatever. Do you think Mr. A.B. will be so eager to install node software signed by Odalv - even with all these slightly unlikely assumptions?

there will only ever be one bitcoin core development team and they are currently based out of New York.      lol n00bs!!

B2X. You can name it whatever you like. Doesn't matter! There will be hundreds of Bitcoin forks in future and all they'll give you free money drops. Take them and convert into bitcoins!

no other country has so many people run amok or accidents with weapons. I don't know another country where 3 year old children kill other 3 year old kids with guns. this is no false flag, this is sad reality. more weapons -> more innocent dead people

What goodie did you get?

Actually pretty much every financial instrument on this planet moves in bullet time mode compare to Bitcoin (or most crypto). 
Since there is so much volatility in BTC already, using leveraged position in bucket shop like eToro or BitMex is a really bad idea.  People are more likely to get whipsawed and cleaned out of their position.  The real downside is that it prevents you from becoming a true hodler, which is what makes real money in the long run.

I was always sceptical of TA when it comes to bitcoin but is that not a perfect head and shoulders in the bitstamp hourly? pls say no

https://imgur.com/3nK0IdZ

Is this an hourly chart??   Doesn't look like it.

To me it looks like the trend line has been broken -

What bearish trend? Stop spreading panic.

I think he is referring to the confirmed bit

It's just a question of timescale

We're brushing up against the top of that descending channel now though

Not so fast, Kimosabe.
https://twitter.com/jgarzik/status/916438756382535691

I think it's going to slowly grow until 25th of october but not 7k, maybe around 5k

i think most of this rising and alt falling is people moving into bitcoin with the expectation of all these forks.

it looks more and more like 2x is either not gonna happen at all, or it'll be a piece of crap no one's interested in. bitcoin gold is the latter no matter what.

when both are confirmed non events then i'll guess bitcoin will fall and then have a relief rally

The idiots don't know or understand that with other cryptos they are backing the other cryptos(including BTCitcoin!).


So... 75 trillion market cap here we come!!!

About the recovery of the region itself... Well, I do not agree, especially not after seeing the BRUTAL reaction of the main catalonian business. Now I can't even see how do they plan to finance their debt that is now 1.5x their GDP.  But... I can't say I am completely sure of that. Time will tell.

Such laws are bull shit. Referendum for independence should be every Earthing right. And specially every Europeans right.  Europe dont exist without it. It is simple as that. Countries that dont care of their citizens rights have nothing to do in Europe.

Yes. Why should I bother otherwise. I also live on Earth.

Europe without free Europeans is not an Europe!

In general. Catatonians without their own army will never independent.  They need every 20 years old male to be able to handle weapons and own army. Spain politicians will never let lose 20% of their country with the fight. And Europe politicians will just follow nonhuman laws.

Also, for all those people that vouch for anarchy but do have Bitcoins.... Do you really think you would be able to keep hodling them when someone went to beat you to death until you gave your private keys to them... because they have the "means" and "freedom" to take it from you?

Yeah, I do recognize that I don't know much about anarchy. Maybe because AFAIK there is no real life practical example. But no, I am sure pro-anarchy are not (necesarrily) vegans, comunists or terrorists. I just can't realize what would protect someone from anyone else from being abused by other individual if there is no higher authority or controlling system in place that have been agreed by all the rest.


Or maybe there is.... I don't really know, never really explored much into that subject.

I would.

Yeah. Sweden not joining the euro was a very good decision, and the result of a referendum no less.
Actually, right now there is no unemployment at all for ethnic Swedes. The immigrants however is another matter, 20%+ unemployment, mostly due to none or wrong education and no language skills.

Btw, the crime rate did't spike until lately, with the influx of MENA immigrants. But don't blame me, I didn't vote for the parties that let them in.

And I do believe that every people have the right to decide their own future, be that Catalonians, Scanians Kurds or Laplanders.

When Mike Novogratz came out into the public media in late 2013, he said "Bitcoin will hit $2000 any day now, probably by the end of the year."

Just sayin'. The guy is no prophet at best, and a harbinger of doom at worst.

I've been trolling my customers for bitcoin conversation since June to get a feel for how everyday people see the crypto space.

Average Joe is now occasionally checking bitcoin price! They may have not invested or learned much about BTC but it's on their radar!
In May/June most average Joe's heard about Bitcoin for the first time, In July they heard a little more, August brought more awareness again and a few questions along with some speculative support. September brought out more opinions and naysayers while the price declined into correction. October is looking like FOMO month.  
I think we are now on the horizon of acceptance of BTC as a "real" and "normal" thing by average folks while many new entrants are now learning much more about bitcoin and how it could help shape our world financial sectors.  
Its coming faster than most had expected! Smoke that in yer pipe!

or there is still a chance for relatively cheap coins soon:

kinda this one, topping at 6800:


https://www.tradingview.com/chart/BTCUSD/yJTY4fTW-BTC-touching-the-reversal-zone/

[edit] not to mention that we're hitting a ceiling:


https://www.tradingview.com/chart/BTCUSDT/vH8p4FLI-Bitcoin-Market-Overview/

I agree with the 7k top. I think we could be here (orange circle) and a further bump is coming. What happens then is anyone's guess but unless there is another china ban type scenario, i wouldn't expect a similar drop.
There has been a shitload of media coverage over the weekend. Just saw a panel discuss bitcoin on bloomberg for about 40 minutes. 3 guests and the interviewer and all were positive BTC.
Also its Sunday and there is $80 million buy orders on stamp.

Actually, some of us actually could give two fucks. But that's about it.  

Daily Volume is 0.88 BTC, don't hold your breath

if you have bitcoin sell it now .. that wht i can say to you ; mate

Good luck with that.  I have not yet seen the trend change, merely because we are pausing at the top for a while.... That is not unusual and does not necessitate any kind of significant correction of 40% or 50%, even though one may come, but 20% would be more reasonable, ... even though in the end, anything is fair game in bitcoinlandia... .

via: GYFT , EGIFTER ===> YOU CAN ALREADY BUY SHIT OFF AMAZON   lol weee

But instead of going into the coffin it got to $6K.

Actually, this is a good point orpington..   There is a frequent ongoing campaign from bitcoin deniers and bitcoin attackers to attempt to denigrate bitcoin and to attempt to cause their alt coin propaganda to be some kind of bitcoin equivalent by renaming bitcoin..   They do this over and over and over hoping that their nonsense nomenclature will sink in and either confuse people regarding the real bitcoin or to increase the stature of their attack (or alt coin)

http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=97664&eventID=5264534

Thursday, October 26, 2017 2:30 p.m. PT  

Looks RSK is coming with an ICO pre sale in december this year.
Decky: "they are going to create tools to make porting from Ethereum network over to Bitcoin seemless for existing coins"

So what do you think guys? Bullish? The Eth killer??
An ICO on Bitcoin. Do you like it or not??

The time to sell was probably when Mike Tyson opened his line of Bitcoin ATM's in Las Vegas. That was thousands of dollars ago!

He's still makin' moves, too.
https://www.vice.com/en_us/article/4wbpbn/mike-tyson-launches-bitcoin-app

it's a troll of LN <.< ~ come on let's go 2mb! *pounding the table*    bwaahaha

W T F   is that guys? Out of all the videos, only the first one was bearable (this one: https://youtu.be/hXRhIXp4idM), thanks to the pretty girls... How is it possible that people fall for this sh*t?

Damn!

an attempt to sack the core developers

How the hell are you making these perfect predictions???

There is no fork.

looking at the 4 hour optamisum chart we should  hit $7400 in a few hours  

Bitcoin Gold Launch – 12th November 2017 (19:00 UTC)

https://bitcoingold.org/bitcoin-gold-launch/

I just checked my calendar, and no, it´s definitely not 1. April !
Maybe their website was hacked, and all those "futures" buyers try to save their money this way ?

Can somebody confirm this BS from another source ?

There’s always good buying opportunities at times like this, especially if it goes to 5xxx. Don’t be the idiot(s) who sell at the bottom.

Latest move is caused by Wu and Ver selling their BTC stash and buying BCH trash. There is no fiat involved. This is why market cap measured in fiat is the same.

Moving BTC around in anticipation of BTC bear mode. Look at big alts on 1 day candlesticks, including BCH, they grow after the ATH of BTC.
Take your positions. But these movements don't bother long time hodler.  

It is a good idea to check the bitcoin memory pool before sending to see if there is a transaction backlog. If there are more than 50K transactions waiting to be confirmed consider waiting. The memory pool should clear later today when Bitcoin Cash difficulty increases by 400% and miners switch back to mining Bitcoin.

The set of Bitcoin Cash miners is pretty much identical to the set of Bitcoin Segwit miners.

Though I see you have not yet provided any sort of response to my post. To wit:

Perhaps if you could make a cogent case showing how Bitcoin Segwit is in any way more decentralized than Bitcoin Cash, you might have a point. But so far, all I've seen from you or others is mere hand waving.

Don't bother ragnar0k. JBreher will just hand-wave those ramblings of their CEO madman away as unimportant and ignore you.

WE TRUST EACH OTHER TO FAIL WELL.

http://falkvinge.net/2012/09/07/three-reasons-child-porn-must-be-re-legalized-in-the-coming-decade/

protected from the CEO? or his associates perhaps.

1. The ban (on children pornography) prevents catching/jailing child molesters.

Only the first 10,000 of the 160,000 stuck transactions went through.  There are many people who've been trying to sell BTC for over 1 day now, but have had their coins stuck in mempool:

As the remaining 150,000 stuck transactions get processed, we could see continued dumping.  

I think we'll see BTC fall to a low between $3,000 to $4,500 over the next few weeks, before the BCH FOMO wears off for this wave and we get a significant rebound.

Yes I am serious. Did you read the paper? Are your reading skills that abysmal? The CEO appellation was clearly tongue-in-cheek! Jeebus Cripes! From the first page thereof: The Bitcoin Cash organization has no titles other than those which we make up for fun in the spur of the moment, or to make fun of the organizations of the old world that care for titles

Solution for what?

They might fork their altcash everyday to reduce the difficulty. That doesn't matter. Only thing that matters is how many bitcoins do they have to sell and pay miners that mine altcash.  The higher is altcash price the faster they bleed bitcoins. Just sit back and relax and watch how they commit suicide.

Miners have already eaten through insanely high transaction fees, now are those < 50 s/B in order to be processed and in a few days we should be back to normal fees teritory.

Miners switch back over obviously. The real question is what we wanna do about it, if anything.

It's easy to guess - miners switching to it that very second. The only defense against this cancer is not letting it be profitable by dumping every possible BCH back to the bagholders. They can't have enough BTC to defend BCH forever, they have to mine BTC if they want to protect their coin.

Nobody in their right mind will invest in altcash shitcoin that is forked every other day. People that buy it are speculators trying to play pump and dumps. They'll be the first to abandon the sinking ship at the first sign that Ver and Wu run out of bitcoins. Slower bitcoin blocks = less bitcoins to sell. Everything is self-regulating and the final outcome will be altcash fiasco.

You are wrong about this, it's not necessary that big holders sell their stash to crash them, it's enough that they are left with not enough BTC to defend the current high price of BCH that they have to mine BTC. That's the curse of their position. This is not going to be the game where few big moves decide the outcome, this will be a game of who can endure longer.

Nah, Mike N. said his group is getting bitcoin through the Gemini daily auctions. I'm sure that's where a lot of big players likely will go, and the WinkleVii are not auctioning any alts other than ETH.

Why would we want to cripple the thing that made us serious coin?

Back when I first wired funds to mtgox it took days... And a 35$ wire transfer fee !

That's what Bitcoin has become... Bitcoin is NOT what it was...The truth is Bitcoin can't handle the volume of mass adoption and other alt coins have filled the gap! Truth hurts! Fast transactions with low fees is what ppl want. It's not personal it's just business  

We do care because there will be arbitrage between the derivative contracts and actual bitcoin which should keep the prices closely aligned.

any discussion about zimbabwe? saw an article the btc price there really jumped.

This thing that isn't a get rich quick scheme sure is getting a lot of people rich quick.
maybe this will help? https://www.coindesk.com/swiss-firms-let-traders-short-bitcoin-new-futures-products/

jbreher is actively trying to destroy bitcoin.

ruphej is annoying, but mostly harmless so far. I've already deleted more of his posts than jbreher's though.

There are plenty of resources out there to educate yourself about the big block vs. small block debate.

Perhaps before the split. Shots have been fired and the time for peaceful attempts is over.

what do you guys think about the Tether/Bitfinex conspiracy? Where is all this money coming from? Is bitfinex just "washtrading" the price in its desired direction?
Imho price of Bitcoin at 1k$ was the result of somehow healthy grow (~$10Mio Tether), now we have 7x this price (~600Mio Tether). This might be the next MtGox.

Get rich quick 101
1. Buy BTC with real USD
2. Print Tether
3. Pump BTC with Tether
4. FOMO
5. Sell BTC for USD
6. Profit

When you understand how washtrading works you'll understand that 20Mio Tether are enough to increase MarketCap by 20Billion$.
This works as long as the price of BTC stays high. Never short Bitcoin in the current situation. This bubble (Tether out of thin air) will pop.

What do you think will happen if 2-3 exchanges close (suddenly) or you cannot withdraw anymore and people realize most of the price is thin air?
Expect price to surge to the 1000$ level when it pops...I don't know "when" but it will happen.

Yup, it's a bit bearish for my (current) taste. But I think they mean a 75% chance of a price equal or below to $10.000. That's not necesarily a crypto winter.

Yup... but as I said it is not the bulliest of predictions either

Oh. and on second thought... if they are paying (now) $2500 for the option to buy BTC for $10.000 in one year... then that means they are expecting the price to be above $12500 (not just $10.000) or they would be losing money.

At the same time, there some other party that expects the opposite... or want to somehow hedge their BTC.... or most probably it is all just a marketing stunt

looking at my 2 week optimism chart $12000 is closer than we think . I'm calling it $12000 before year end

I checked 1 minute ago and it was at $8111. It's coming down hard and fast.

I know a lot of you guys think this tether thing is just fud, but if it's true it essentially means that Tether is forging bank notes regardless of what their terms of service say.

And who exactly is buying USDT from tether? Why would any VC want to purchase usdt in volume in order to purchase other crypto's when they can just buy btc with fiat directly and not have the associated risks implied in the tether terms of service?

It might not effect things right away because the mania is so strong right now and any dip will be bought by fomo or by bitfinex QE, but if this is legit it could all unravel very quickly.

it wont die but it wont be number one.  and if you think segwit is a solution you need your head read.

call me what you want but i would not recommend to buy bitcoin now to friends and family.  its a long way down and regular first time investors will pay the price again, as the bitcoin mafia buy some more castles.

Yer hero, jr member means nothing, you're right.

I could be misguided, I'm not pretending to be the oracle.  Just there is no way on this earth i would recommend buying bitcoin at this time.  

I'm 95% that the bear market has just started. and it will be red candles for a long while.

He got 'wiped out' a few years back predicting that the  market was going to go down.

maybe i am over cautious.  but im bullish on other things at the moment just not btc.  Besides iv'e seen enough crashes to know when one is around the corner.

awww you guys , so sweet.  Why don't you get a room, explore each others orifices, and climb into a big hot soapy bath together.

You can reassure each other while the price tanks down to 6200...  

Yep...  I have, i don't want one single person to lose their money.

The coin is oversold.  why would people (or bots) sit on this thread and encourage noobs to buy it, when deep down even the hardest bull knows it's the end for now.

Would you recommend your grandma to buy at 8150 ?  Please answer that question.

Have a word with yourself!


aww a depreciating asset, i'm sure they'll be stoked

thankyou.   the long term chart says $12000 before the new year. Happy days

I agree, except "no pullback" is not an option imho.
We may debate whether a correction may start from here, 10000, 12000 or whatever, but we'll get a huge correction afterwards ( 40% ?  60% ? ).
Morevover usually when the bubble bursts all you get is a huge price spike that you'll hardly catch.

Personally i trust that monthly indicator and from here i'll follow the simple advice: "sell greed".
Still liquidating along the rise.

holy shit >>> the scary part is what if they are actually legit?    ~thats my worst nightmare ha


,,,can you get me inside? :-D 

Old info.  BTC alone is about 196b now.  ~350b total   

just read the best confirmed sources and look at the charts.

http://www.telegraph.co.uk/news/2017/12/03/bitcoin-crackdown-amid-fears-money-laundering-tax-dodging/

Full text here.

https://bitcointalk.org/index.php?topic=2513574.new#new

Panic because the bog standard laws will be applied.

IF $10,000 holds (and that's a big if, but I'm feeling optimistic), then we've achieved the 12th Bitcoin doubling floor since $2.50.

This puts the latest doubling floor at only 50 days, beating the previous run of 77 days. The record still belongs to the $20-$40 runup, which took only 39 days to "permanently" double.

Anyhow, at this rate, we might have a brand new $20k floor by mid January! 

Parabolic rises always end in tears... for somebody.


Truest words on this forum.

I've been through a crash. Been underwater in bitcoin. But I didn't cry, and I didn't sell at a loss. I just DCA-ed down and hodled. And had to listen to the squawk of bears and trolls for 18 months straight.

Now I have big smile. And balls of steel.

AAMOF, CBOE is openly planning it. Not that such derivative products are likely to much matter.

"[CBOE President Chris] Concannon said the exchange thinks a family of cryptocurrency products, including futures for ether and bitcoin cash, could come to fruition as the market continues to mature."
- http://www.businessinsider.com/cboes-president-hints-at-ether-and-bitcoin-cash-futures-2017-12

Not that such derivative products are likely to much matter.

Was it really? Or do you mean it was unexpected that they'd flip around so quickly?

Us oldies don't count. It's them noob emotions you have to keep an eye on.

The weal bitcoin bcash is going the wong way. woger yu told me moon

I doubt many of "us" (here at least) would care.

If there is massive FUD in BTC I doubt BCash remains over $1000.

Yes, but are your sources confirmed?

I bet you we hit $20K USD/BTC before Coinbase verifies me for a $6M limit.

Their customer support is utter shit.

Gemini wants my bank account login information for validation ?

Not sure these are a good model, because all these goods, when successful, have been produced in quantities to lower their price, plus they got competition. Bitcoin cannot have mass production or fake ones.

the dumpfest will be yuge, almost all alts are shorted .. bad boys are waiting to take the profit .. or not

What could a potential correction bring us to?  I think most of us agree that we're due for one but for those of us that have been here long enough, bitcoin "crashing to 10k" would sound like a pipe dream a couple years ago.

Can you explain how "just adoption" justifies a price increase of 2000% within a few months? Adoption does not just suddenly jump from horizontal to straight lines and and happen all at once in a 2000% spike. It is more like a smooth logarithmic curve of a few percent per day. So if it jumps too much that means it is overbought by traders.

That type of thing takes a wee while.

If we can hold these losses until Monday it will help to shake loose more coins.

Some people might FUD because theres no clear explanation of how futures work, and we dont know who have been pumping bitcoin recently. It could be hedge funds who are going to sell contracts in CME, and we dont know if the banksters who are against bitcoin will be their clients or not. So some people are shorting, based in this fear, I think. If you are going to short, just short some small bit, hold the rest, because fiat is not worthy it, unless you really want it to pay bills.

Does Gemini allow margin trading (shorts)?
In other words, can the underlying position on Gemini be short too, or can it only be long?

It looks like you have no understanding of the energy industry.  The only reason there was an enormous amount of metals being mined in the 20th century compared to all previous ones is because it was just a process of arbing excess energy that wasn't vital to keep nations running.  But now the energy industry as a whole has virtually given up funding to find new sources (maybe because they already took just about every low hanging fruit possible).  We are entering something resembling a Seneca cliff in the oil industry.

The only reason oil is plentiful right now in the US (and thus the price is low) is because enormous amounts of production increased lately that's almost entirely low grade shale/tar sand type stuff.  These alternative oil sources that are coming to market aren't even being done so at a profit.  They are losing money doing so.  How does it continue then?  There's lots of bad investment in the energy sector that has not toppled down and collapsed yet, but will because they are not making profits.  Or you can take the conspiracy route and think the US govt just prints money and gives it to them to subsidize the energy industry so it doesn't collapse (which is also possible since corporate welfare happens all the time).

Regardless, the era of having endless amounts of excess oil and energy to arb into bringing metals out of the ground is mostly over.  There will either be energy shortages from a Seneca cliff and no metals coming out of the ground, or energy prices will go to the moon, and since the price of oil makes up the vast majority of metals prices, metals go with them.  Here's a good chart to show the correlation of oil and metals.  Due to the bankers constantly naked shorting metals down to cost of production to try and suppress them and prop up the dollar, they act mostly as an energy futures contract until the global banker monopoly fix ends:

I feel like we are in a bubble that is getting ready to pop. I can't believe that 2000%+ growth is reasonable or able to be sustained. I don't believe this is exponential part of the S curve, I've heard that in 2013 and 2014. We are well before exponential growth. I think the only reason we haven't popped is the futures.

javier‏
@f_baco
 
Weeklychart BTCUSD
Possibly complete sequence of 5 (V) Main waves.
Wave5(secondary) =3.618% Wave 1
Breaking up the area of 18,000-18100 would stop being able to be measured in projections by Elliot Waves.
The trend should change and address 61.8% of the entire historical movement

BeeCash will never bee bitcoin :-D weeee ~ still fools are buying<<<<

order it delivered to Mars

  ... https://electrek.co/2017/12/15/tesla-supercharger-fair-use-policy-deter-commercial-use/
Tesla is a SCAM.

You have actively come into this thread since about $7k and saying the same fucking thing, and now the price is about 3x higher, and you still saying the same nonsense.....

Yeah, sure, sooner or later you are going to be correct... but your repetition of the same cyclical bitcoin price gonna crash nonsense, does not mean that you have any actual insight.

Looks like the short is in. If you ask me.

Futures mission accomplished

Ah, you can't sell.

GDAX:

You should assume never.  Bitcoin will always be under attack.  But Bitcoin is anti-fragile and attacking it always makes it stronger in the long run.

I think this is good advice 1 BCH for every 1 BTC.

If by "shill" you mean someone who has volunteered thousands of hours and years of my life to help grow Bitcoin into a global peer-to-peer electronic cash system, then here are some of the ways I've "shilled":

1. In 2014, I developed the first ECDSA signing tool capable of signing Bitcoin transactions offline over an air-gap by drawing power from the NFC field [video].

2. In 2015, I co-founded (and still co-manage) the first peer-reviewed scholarly journal for Bitcoin and blockchain research, Ledger.  

3. Also in 2015, I did research to demonstrate that a transaction fee market would exist without a block size limit [paper] [video]

4. In 2016, I co-founded Bitcoin Unlimited, which is now a $10 million+ organization that supports Bitcoin research and outreach across the world.

5. Also in 2016, I did research to show that with subchains, bitcoin's transaction capacity could be increased while also providing faster TX verification by miners to users [paper] [video]

6. In 2017, I demonstrated a security weakness in segregated witness [video]

7. Also in 2017, I spearheaded the launch of the $3 million "Gigablock Testnet Initiative" and presented our initial result in Stanford [video]

I have done all this to date as a volunteer because I love bitcoin and hope to see it change the world for the better.  

Can't beat some good old jailtime.

Indeed.  

Roger Ver has done a huge amount to further Bitcoin adoption.  Perhaps more than anyone else besides Satoshi Nakamoto.  He truly loves Bitcoin and wants to see all of the world adopt it.  That people now abuse him for trying to fix the problem of high fees and unreliable confirmations is heart-breaking for me.

The big boys just want to short it to the ground, to keep their status quo.

They will pump it, of course, but the dumps will be even worse. Get used to it, this will be normal now.

Do you think they want a rich Earth, where the work is done by robots and everybody lives in comfort? Thats a programmer pipe dream.

He wants to avoid the elephant in the room that doesn’t support his argument.

FWIW he’s a good poster and I respect him but I think he’s running away from the Friday issue. And that is we took a beating on Friday but the market didn’t blink.

At least he puts his neck on the line to a certain extent.

Kill yourself.

I haven't bought any BCash and I actually own a part of FreeBitcoins.com... part of our service right now is that we help liquidate peoples BCash for "free" Bcore Coins in fact.

I've sold well over $125,000 worth of BCash for BCore this month alone .

12-18 months minimum right? That’s what I’ve heard through the grapevine.

and worst of all speaking as the core team is the "CEO" of bitcoin.

Thats where you're wrong kiddo. Look at the github and filter those developers which did more than 1 commit and did not just changed a typo...you're left with basically 5-10 persons

I have no idea why you guys keep on comparing BTC/BCH like a neverending narrative
I just said, that you have 5-10 developers on core and that the security i.e. mining is as centralized as it can get. Get over it. I don't care about BCH.

along with some of these other shills that are crapping up this thread.

If the hash power majority is dishonest, they can re-org the blockchain at will such that the transactions that created your coins never occurred in the re-orged blockchain.  

The cost to run a node is insignificant to the cost to set up a solo-mining operation.  This will remain true even at GB blocks.  Do the math and this becomes obvious.

If you want to further decentralize mining, it would be better to push more people to run ASIC miners than to run nodes.  At least with an ASIC miner they'll have influence by pointing their miner at a pool they support.  

S2X has a 6million coin pre-mine

https://github.com/SegwitB2X/bitcoin2x/commit/08220e2a3c8ba8f53801302a8b7b6d6da5a39645

Because of that little conversation I sold my 15125 buy at 14800 or so... 3 bucks lost. Here's hoping I catch the bigger dip... But seeing as we're back at 15100... Getting nervous.

$5500 is actually incredibly generous. I dont know why you doubt it at all.

A correction now is more healthy than bouncing back up too fast.

Has Vitalik congratulated Ripple yet?

Now we know what your malfunction is.  The UK was one of the first nations to be targeted for white genocide by jews with massive 3rd world immigration.  All inhabitants quickly either converted to hard right nazis or doubled down on cuckoldism to worship your conquerors.  It's clear which path you took.

(1) They've been moving in the same direction this entire year, and longer.

(2) More money is flowing into the market; 670 billion is a tiny amount of money. It needs to be trillions before any major losses.

(3) There are multiple roles for coins - they need not directly compete.

Truth is, sometimes they are antagonistic, and sometimes they are not.

You still believe in $5500? How about $8000? Maybe it will happen, but first 20k at least.

Roach has some valid points

It takes energy to extract gold and silver, from burning fossil fuels. Peak oil also = peak gold and silver you can't magic it out the ground without expending the work.  'Proof or work' in bitcoin was based on that principle. There is no magic surplus going to arrive from outer space.
  
Also as per recent comments a few pages back. Lightning Network, I have also concluded is a banking layer plonked on top of bitcoin.

Ignoring this is akin to putting your head in the sand like an ostrich. But yeah, ignore the troll. Ignore me too. I'm used to hostility on this thread

The quality of this thread right now:

Another fake Satoshi is presented

as long as the network congestion/high-fees aren't resolved, bitcoin will not move anywhere - currently ripple does up to 1500tx/s with low-fees
btc and eth are currently mostly gateway coins
premined does not mean "not decentralized", IOTA and Cardano have interesting concepts
let alone the fact that botcoin and his brother buttcoin are also centralized through China-SHA256 and extremly resource hungry
who do you think will own the master-nodes for LN?  

the problem is the distribution of the coins for the premined projects, i guess the creators have the most, but that is also a problem with btc and early adopters

currently btc can't cope with much more new users - a price of 50k$ is not justified
will you pay 100$ transaction fee? - i wanted to buy some cardano and converted my btc to eth before transaction

inb4 ripple shiller: i sold my stash at 20ct  

 Ripple cannot be mined and if anybody tells you differently, they're trying to rip_ple you off.

It is a public db.  There are nodes which relay candidate transactions and also special validator nodes which use an iterative process to come to a consensus on candidate transactions that will be included in the ledger. I believe the nodes hash the resulting set of candidate transactions and compare the hashes among themselves until there is a supermajority in agreement.  There is no reward for running a node or a validator node.

This is also my belief. There is a very low quantity of circulating Bitcoin. If you can create FOMO and generate an order book full of buyers wanting your crapcoin, you then wait for the right moment then dump en-masse generating a large quantity of Bitcoin for yourself and a large number of ‘successful’ traders. I notice that the more reputable alts are not pumping as hard as the blatant scams.

ha, it is way more likely to be number 1 then under 100 (ripple has always been near the top also). I wish this wasn't happening, and by all logic there should of been a dump by now. But, its not happening. I don't think this is like 2013 where the alts were literally just pump and dumps, the coins now are too mature and with ever increasing innovation. It will be very hard for BTC to maintain its dominance.

I think what we are seeing at the moment, is that BTC is now just becoming another coin, it may not lose it's top place this time, but it will happen eventually.

I didn't read the article but..

Yes bitcoin is the devil, but ripple is oh so good and great. dipshits.

Dear Bitcorn,

Hi! I know, we don't talk much anymore. I'm semi-retired, and you're big time now. But listen.

We would all be really tickled if you'd stay above $16k.

Don't want to seem ungrateful, but like jojo says, we have mouths to feed. Food for thought.

I give credit to BTC where it's due i.e for clearing the way for the alternate cryptocurrencies. It's an achievement that will be written in the pages of history. But the reality is that newer cryptos are speeding past it and it's just a matter of time (maybe a few months or even less) before the king is dethroned.

we're fine guys, healthy test

We are making higher highs and higher lows in the pennant.  We are fine.

Are we in a period of correction and consolidation?  Absolutely.  

I fully expect to have to redraw that upper line higher, guessing next high 17500-18000ish but who knows.

true...most of my crypto life is based on hoping and trending upwards  (fairy dust/rainbows/unicorns/ponies/rainbows)

(hey, its a hobby....look at the BTC price 19 times a day!)

What kind of "stuff"? 

You might regret not buying bitcoin instead if the secret news about 1/18 pumps the price.

We shall fight in fields and in the streets? We shall fight in the hills? We shall never surrender and if, which I do not for the moment believe, this island or a large part of it were subjugated and starving, then our empire beyond the seas, armed and guarded by the British Fleet, will carry on the struggle until in God's good time the New World with all its power and might, steps forth to the rescue and liberation of the Old?

Don't forget about PeterR and jbreher.   

Crypto has gone kinda mainstream the last few months it seems to me.
Many people jumping into altcoins.

I'm not sure this is sustainable in the long term.
Sure some of them have value and might be useful for something specific or globally and will be there to stay I'm sure but many small ones are now also valued at $10 million+ or even $100+ million when they only have a white paper, a few devs and a website that might not work well and possibly no product yet.
Those simple components never normally make a $10 million company.

It's like a mad rush into penny stocks surely?

But to me all that trading actually strengthens Bitcoin itself regardless. It is almost always the only means by which you can purchase any of these alts. (I admit ETH / LTC / USDT are used a lot too)
Bitcoin is doing what it is supposed to do whilst these alts really will have to prove themselves over the next year or two.

I'm sure many will collapse. But will they all collapse at once is the question I guess.

When bitcoin first appeared I imagined a world of peer to peer payments with no central institutions. LN is most definately not that.

The graphic tries to show how funding a channel is like funding a 'hot wallet'. A more accurate description is that funding a channel is like depositing money with a bank.

I always said LN will be supported by big money. No doubt there will be an epic pump, because 'scalability is solved'. I don't like it but I can profit from it. The original dream of bitcoin doesn't exist though.

"Return to normal" just passed by and we may be on the way down to the floor.

But i thought the same thing around at 4k USD and was wrong

lol you guys still hodling bitcoins? brb while doubling my money with alts while drinking my beer

So here's the thing.. I remember not a day ago, prices were this low, and everyone was panicking about it in the forums.

So why is it that when we bounce from 7.6k up to here, everyone seems optimistic now? Masterluc seems absolutely certain that we'll just bounce up. TERA2 has stated that we will bounce to 13k too, but the difference between them is that one thinks it's 2013, the other 2014.

Is it that obvious that we're just going to go straight back up? Nothing to be too excited about if prices stay in 4-digits for the next few months, for instance.