EUR / BTC is at  ~503.59US

https://bitcoinwisdom.com/markets/btce/btceur

i dont even understand how satoshi being dox would effect the price at all

I'm quite amazed where these huge sellers get their coins from.

I would be wary of exchanges. If you look at Stamp, for over a month, you see huge sell walls placed at intervals. And to withdraw that much of fiat, the exchange would require your identity and bank account. So, the key person to know why the huge btc quantity of sell limit order is the exchange owner.

Many people are speculating why the market has been so bearish. If the bitcoin news websites are smart, they would bug the exchange owners for answers. Think about it, all we can see are just the orders and transactions. The exchange owners are able to see who are placing these orders and making these huge transactions.

These dumpers are only going to stop dumping when they believe that it is NO longer in their interest to dump and that they can NO longer get any potential advantage from dumping...

Is this sort of pure buy/sell manipulation actually profitable?  Does it actually occur, in bitcoin or any other market? I would think that such manoeurvers are effective only if combined with suitable advertising or rumors.  

I would guess that, in a pure "dump & slurp" manoeuver (as described above) there is a hight probability that the asks will not drop far enough after the dump, so that the average price paid by the trader on the "slurp" phase will be higher than the average price he got in the "dump" phase.  Also, during the "slurp" he will be competing with other traders, who will eat away some of his expected gains.

all mega mines as far as I know like knc etc dumpt to usd the same day for accounting
and all mega mines in USA pretty much have to do so due to IRS any holding of coin
is considered capital gains and if sold within 1 year 40% plus 25% taxed on what you mine
so if they cash out the same day to usd they get around this rule

ie....too much selling not enough holding nor useage

again i LIKELY don't know wtf I'm talking about..but seems lopsided compared to use of bitcoin
and/or holding as an investment

Searing

Is it possible for bitcoin price to trade below 400?

What is happening with Ripple ? it did almost 10% the last 24 hours and around 30% the last 7 days ?!!!

so yet again someone puts 2k+ coins on Stamp and Finex and pushes the price down on Huobi, who the hell can afford to sell 5k coins every few days for weeks? It's like he waits for the last batch to clear to the bank before selling another 5k+

brah! 300s come onnnnn let's get this shit done with. I want my super cheap coins.

Actually ShroomsKit has a point.  Both traders and holders rely on buying low ONLY in the hopes that it goes up from there.  But what if it doesn't?

i call bottom at 392...

Do you have link? Because that would be really cool

Mining costs do not drive BTC price, BTC price drives mining costs.

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

I am sorry to say, but you don't understand: if price goes down to $300, that will not be a stop. It will just generate another wave of people who will loose their faith in Bitcoin, another wave of people who will understand that the bubble period is over. All these will generate another wave of price going down, which will generate... I am sure you see the cycle here.

There is only ONE chance to save Bitcoin only: price has to start to raise, and I mean REALLY raise, and REALLY soon, otherwise it's game over.

if we all dump now we can all buy back lower!

I buy coin November/December high price 1000. They say no bubble. How this go down? Please help.

china retesting 2100 yuan

Why would this big dumper/dumpers stop now? Because he is afraid to break a trendline? I have a feeling he doesn't give a shit.
And there clearly aren't enough buyers for the coins that get dumped.
I see no reason why the downtrend will stop there.

so does anybody know what may be causing this price decline?

2. poop leaves the body at body temperature, and if the temperature of the environment is low enough, the poop will steam. This is not a visual indication of an especially stinky poop as you might think upon first glance, but rather of a temperature difference. The rise in price since the manipulation at 300 is a result of the environment, (the relative price in the short term), and has nothing to do with any fundamentals behind bitcoin. It's all just speculation and once the turd cools down to match the ambient temperature, and 300 becomes normal in peoples minds (a few weeks perhaps) then it'll drop again.

yes indeed it can but I'd rather promote the crypto way of doing things. Enjoy content without any obligation of payment. Pay what you can afford later. This is the way of the future and here we have a wonderful chance to promote it. So far we're doing a decent job with 300+ transactions, totaling 5+ Bitcoins having been sent to the address during the last couple of days. I'm sure we can do better

In a way can we view this as a good thing? Isn't slow and steady growth considered " healthier"?

1000$+ per btc till 2015, my prediction.

What just happened 

that's the way it's going ... though right now they are not big big, just bigger than little guys.

Eventually it will be merchant banks and CBs using bitcoin to settle their scores because it is the best solution out there for that particular problem right now, bar none. SWIFT is a mere messaging system and centralised, bitcoin is a quantum leap ahead of SWIFT in value information technology terms.

Just be glad that if you have the chops you can get a seat at the big boy table.

Will Bitcoin even survive another year of this shit. How much longer will there be buyers before everyone gives up? This can't and won't go on forever.

Bitcoin is something new and can easily dissapear again unlike things like gold. That's why only a complete fucking idiot would compare Bitcoin to gold by the way.
Like i mentioned 10 minutes ago for some reason a lot of people have a problem understanding that Bitcoin's future is far from guaranteed.

the guys doing EW saw this coming

here you go

 https://bitcointalk.org/index.php?topic=812637.460;topicseen

enjoy

It has one reason. Something which is new to Bitcoin since this year: Dumpers who do everything in their power to take the price down. Every single time.
We're gonna have a real hard time going up again.
I just don't understand what caused this behaviour. They just refuse to let the price go up. 

It's absolutely crazy.

I love the smell of "welcome to ignore" in the morning!!

Draper is back  
http://www.bloomberg.com/news/2014-11-18/bitcoin-auction-winner-draper-to-bid-again-in-december.html

we could end this dumping in a week if we all just sell now, buy back @$300 for a successful retest of support. You would increase your coin stash and the great bull market of 2015 could start early. If we let the price grind down, we'll all be too broke for a successful double bottom and support won't hold. This has happened so many times. When will we figure it out?

So sad... Major resistance at 10k posts... every time someone starts a pump, the dumpers are there waiting to spoil the fun...

Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?

Missed opportunity to have Bitcoin address in the picture.

Indeed, you could literally go back to this thread in June and all speculation regarding what will happen pre and post auction is there. Its like groundhog day 

Twenty-Five Rules of Disinformation

Note: The first rule and last five (or six, depending on situation) rules are generally not directly within the ability of the traditional disinfo artist to apply. These rules are generally used more directly by those at the leadership, key players, or planning level of the criminal conspiracy or conspiracy to cover up.

1. Hear no evil, see no evil, speak no evil. Regardless of what you know, don't discuss it -- especially if you are a public figure, news anchor, etc. If it's not reported, it didn't happen, and you never have to deal with the issues.

2. Become incredulous and indignant. Avoid discussing key issues and instead focus on side issues which can be used show the topic as being critical of some otherwise sacrosanct group or theme. This is also known as the 'How dare you!' gambit.

3. Create rumor mongers. Avoid discussing issues by describing all charges, regardless of venue or evidence, as mere rumors and wild accusations. Other derogatory terms mutually exclusive of truth may work as well. This method which works especially well with a silent press, because the only way the public can learn of the facts are through such 'arguable rumors'. If you can associate the material with the Internet, use this fact to certify it a 'wild rumor' from a 'bunch of kids on the Internet' which can have no basis in fact.

4. Use a straw man. Find or create a seeming element of your opponent's argument which you can easily knock down to make yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges. Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues.

5. Sidetrack opponents with name calling and ridicule. This is also known as the primary 'attack the messenger' ploy, though other methods qualify as variants of that approach. Associate opponents with unpopular titles such as 'kooks', 'right-wing', 'liberal', 'left-wing', 'terrorists', 'conspiracy buffs', 'radicals', 'militia', 'racists', 'religious fanatics', 'sexual deviates', and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues.

6. Hit and Run. In any public forum, make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism, reasoning -- simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent's viewpoint.

7. Question motives. Twist or amplify any fact which could be taken to imply that the opponent operates out of a hidden personal agenda or other bias. This avoids discussing issues and forces the accuser on the defensive.

8. Invoke authority. Claim for yourself or associate yourself with authority and present your argument with enough 'jargon' and 'minutia' to illustrate you are 'one who knows', and simply say it isn't so without discussing issues or demonstrating concretely why or citing sources.

9. Play Dumb. No matter what evidence or logical argument is offered, avoid discussing issues except with denials they have any credibility, make any sense, provide any proof, contain or make a point, have logic, or support a conclusion. Mix well for maximum effect.

10. Associate opponent charges with old news. A derivative of the straw man -- usually, in any large-scale matter of high visibility, someone will make charges early on which can be or were already easily dealt with - a kind of investment for the future should the matter not be so easily contained.) Where it can be foreseen, have your own side raise a straw man issue and have it dealt with early on as part of the initial contingency plans. Subsequent charges, regardless of validity or new ground uncovered, can usually then be associated with the original charge and dismissed as simply being a rehash without need to address current issues -- so much the better where the opponent is or was involved with the original source.

11. Establish and rely upon fall-back positions. Using a minor matter or element of the facts, take the 'high road' and 'confess' with candor that some innocent mistake, in hindsight, was made -- but that opponents have seized on the opportunity to blow it all out of proportion and imply greater criminalities which, 'just isn't so.' Others can reinforce this on your behalf, later, and even publicly 'call for an end to the nonsense' because you have already 'done the right thing.' Done properly, this can garner sympathy and respect for 'coming clean' and 'owning up' to your mistakes without addressing more serious issues.

12. Enigmas have no solution. Drawing upon the overall umbrella of events surrounding the crime and the multitude of players and events, paint the entire affair as too complex to solve. This causes those otherwise following the matter to begin to lose interest more quickly without having to address the actual issues.

13. Alice in Wonderland Logic. Avoid discussion of the issues by reasoning backwards or with an apparent deductive logic which forbears any actual material fact.

14. Demand complete solutions. Avoid the issues by requiring opponents to solve the crime at hand completely, a ploy which works best with issues qualifying for rule 10.

15. Fit the facts to alternate conclusions. This requires creative thinking unless the crime was planned with contingency conclusions in place.

16. Vanish evidence and witnesses. If it does not exist, it is not fact, and you won't have to address the issue.

17. Change the subject. Usually in connection with one of the other ploys listed here, find a way to side-track the discussion with abrasive or controversial comments in hopes of turning attention to a new, more manageable topic. This works especially well with companions who can 'argue' with you over the new topic and polarize the discussion arena in order to avoid discussing more key issues.

18. Emotionalize, Antagonize, and Goad Opponents. If you can't do anything else, chide and taunt your opponents and draw them into emotional responses which will tend to make them look foolish and overly motivated, and generally render their material somewhat less coherent. Not only will you avoid discussing the issues in the first instance, but even if their emotional response addresses the issue, you can further avoid the issues by then focusing on how 'sensitive they are to criticism.'

19. Ignore proof presented, demand impossible proofs. This is perhaps a variant of the 'play dumb' rule. Regardless of what material may be presented by an opponent in public forums, claim the material irrelevant and demand proof that is impossible for the opponent to come by (it may exist, but not be at his disposal, or it may be something which is known to be safely destroyed or withheld, such as a murder weapon.) In order to completely avoid discussing issues, it may be required that you to categorically deny and be critical of media or books as valid sources, deny that witnesses are acceptable, or even deny that statements made by government or other authorities have any meaning or relevance.

20. False evidence. Whenever possible, introduce new facts or clues designed and manufactured to conflict with opponent presentations -- as useful tools to neutralize sensitive issues or impede resolution. This works best when the crime was designed with contingencies for the purpose, and the facts cannot be easily separated from the fabrications.

21. Call a Grand Jury, Special Prosecutor, or other empowered investigative body. Subvert the (process) to your benefit and effectively neutralize all sensitive issues without open discussion. Once convened, the evidence and testimony are required to be secret when properly handled. For instance, if you own the prosecuting attorney, it can insure a Grand Jury hears no useful evidence and that the evidence is sealed and unavailable to subsequent investigators. Once a favorable verdict is achieved, the matter can be considered officially closed. Usually, this technique is applied to find the guilty innocent, but it can also be used to obtain charges when seeking to frame a victim.

22. Manufacture a new truth. Create your own expert(s), group(s), author(s), leader(s) or influence existing ones willing to forge new ground via scientific, investigative, or social research or testimony which concludes favorably. In this way, if you must actually address issues, you can do so authoritatively.

23. Create bigger distractions. If the above does not seem to be working to distract from sensitive issues, or to prevent unwanted media coverage of unstoppable events such as trials, create bigger news stories (or treat them as such) to distract the multitudes.

24. Silence critics. If the above methods do not prevail, consider removing opponents from circulation by some definitive solution so that the need to address issues is removed entirely. This can be by their death, arrest and detention, blackmail or destruction of their character by release of blackmail information, or merely by destroying them financially, emotionally, or severely damaging their health.

25. Vanish. If you are a key holder of secrets or otherwise overly illuminated and you think the heat is getting too hot, to avoid the issues, vacate the kitchen.

nobody has a clue what´s next.
welcome to bitcoinland

You would need to be drunk to invest in bitcoin at this point...

For some reason, this never gets old/boring. I will never put you on ignore

Classic Bitcoin move. Good news = price dump.

Saw in Wired that Americans spend $4.8 billion on smartphone insurance per year or $13 million a day.

That is just insurance against theft and damage.

10% of that $13 million is enough to buy all newly minted bitcoins in a day.

What's the source of that bitcoin days destroyed chart? 

If we see double digit Bitcoin in 2015 then I am quite sure that an Altcoin could have the throne up for grabs.
I though mass adoption and infrastructure would solidify btc's place. But I'm less certain now. Enough investment in an Altcoin wouldn't be unthinkable. Plus it seems like just clown-money in Bitcoin atm anyway - ie just buyers looking to trade and not use for anything productive. Silk Road was the best thing that happened to BTC. Those days everyone knew someone that was actually using Bitcoin to buy drugs with (where I live anyway). After the shutdown all those guys sold and most can't be bothered using the other dark markets after the shut down and buy their shit back on the streets.

Bitstamp's open

Nice to see you back here! Double digits is perhaps too pessimistic but, unfortunately for bulls  , traders are trying to push the price under 200 to level the playing field (they think early adopters and big mines have too much power currently).

Chart looks ugly imho.

Time to have the bitcoin talk with grandma.

... She's prone to give money to strangers over the phone. ...

nevertheless stamp had to buy the exact same amount somewhere

And I have never seen a community so packed with crooks and criminals as the bitcoin community.  Politicians, judges, cops, bankers, even professors -- there is plenty of corruption among them, but nowhere near as much as among the bitcoiners.

People sending coins to old address?

This is my theory, Mark is not A DPR, Ross is. Ross is the mastermind behind SR and when you are dealing with something like SR, its not easy to cashout. So he probably made some sort of money laundering agreement with Mark to help him cashout. Authorities found connection by tracking bitcoin movement and they pushed Mark. Mark is not a hero, he is probably afraid of his own shadow and he probably broke and made an agreement with authorities to reveal who DPR is and agreed to hand out 850 000 BTC for his freedom, to destroy biggest btc exchange and to vanish and never get involved in bitcoin again.

A year ago the 12.64M BTC mined were worth US$10.55B. Today, the 13.74B BTC mined are worth less than US$3B.

"Western" exchanges in Hong Kong and Bulgaria. What's this world come to?

But the amount of BTC someone is dumping is amazing

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

To increase your BTC stack you need to sell high buy low. There was like 2500BTC sold roughly from 230 to 226 (sell high?). But there was no volume or opportunity to rebuy lower or even at same rate. That person either just cashed out or sold low and now rebuying higher. Which i doubt

Everyone ready for take fake off?

More like slow and steady? Many young ones have grown impatient.

Ulbricht guilty all counts

http://www.cnbc.com/id/102397735

More likely that an established US-based exchange is a pre-requisite for the approval of the ETF

I bought 1 more bitcoin at 215. Now I'm completely out of money to invest.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

  That does not preclude bank runs, nor the collapse of the EU.  Or the deflation of NATO for that matter.  Contagion and dominoes.  One triggers the next.

From what I have read, bank runs are a reality, now.  The EU is in dire straits as it is, and cannot continue long in its present form.  The abandonment of NATO by European countries is very possible.  They need Russia and China more than they need the US, and they might even come to realize that fact before Washington forces them into war. 

Greece is out of money because the fools who got elected promised tax breaks and the fools who elected them stopped paying their taxes, hoping to get a better deal. So now it's not just the banks that are out of cash, but the government as well.

Thinking that the soviet union were bigger a-holes than the germans doesn't make you a nazi. A bit stupid or naive, but not nazi. His party isn't nazi either, but Ukraine is under attack by Russia, so you might find some comments emanating from Ukraine that are quite hostile to Russia.

https://www.youtube.com/watch?v=Ywfzniko4vQ


I thought being a Nazi was somehow related to believing in, and/or promoting a racist fascist ideology? How could I be so wrong? Oh well...

3d MACD looking really really nice 

Greece, euro zone creditors reach accord on loan

http://www.reuters.com/article/2015/02/20/us-eurozone-greece-idUSKBN0LO0O620150220

" Euro zone finance ministers reached an agreement on Friday to extend heavily indebted Greece's financial rescue by four months, officials on both sides said.

"It's done. For four months," one said."

If something isn't subjectively or objectively measurable, it doesn't exist.

Does not translate.  The replacement of barter by money transactions hugely improved the flow of goods and services, by breaking down complicated multi-party trasactions into independent two-party steps, that could be widely separated in time and space.

Bitcoin, on the other hand, has not yet brought any significant contributions to commerce.  The benefits of bitcoin are, at best, the saving of a few percent in the price of international payments. That is counted as a benefit, because otherwise the payment of those extra fees would have meant waste of work by bank staffers, for services that (allegedly) were not really necessary.  All those saved fees together may barely add up to 10 million dollars.

Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB.  He noticed that the nodes  were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again.  That wasted time impacted the time needed to propagate a block from node to node.  He tweaked and hacked the code until he got that part of the code to run a lot faster, saving some memory too.  That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms.

/r/bitcoin top post..

You should. There is a tonne of valuable  info on /r/Bitcoin comments - if you can sieve out the trolls. just like here.

No. The Winks were aiming at Nasdaq.

Moreover, no one really knows how hard it is to compute a valid block.  The trial-and-error method used by miners is just the most efficient method that we know; but there is no proof or other evidence that there is no better way.

Boy, I didn't realise it was that straightforward. Can we change the title of the thread to triangle observer?

Now, THAT'S what I call legit prediction! 

yeah. 280 bid wall down

market buy incoming?

So far so good. Now what price to buy back in? Is it time?

Next support level is around $255, wait till the price goes there.

Last few pages is just Chart Buddy posting to itself!

kicking a dead horse becomes less fun when you get past the ribcage and have maggots all over your shoes ... anyone can see the dwindling volume and increasing gaps of time with 0 sells and 0 buys occurring across all the exchanges ... punctuated by the occasional obvious sudden short lived out of the blue pump (mostly done with desperate borrowed money / possibly done by the unregulated exchanges themselves with non-existent money ... yay fractional reserves ! ... gox2.0 in the making) ... if the daily mined coins were all sold on market each day , it'd pummel the price to single digits in a matter of months at best given global orderbook depth (and kill the mining business in the process) so we have to assume a lot of coins are being built up in miner reserves or sold off-book ... so you just know there's tons of coin piling up waiting to be dumped , either by miners or off-book buyers ... the market seems to be aware of this and is in a perpetual "waiting for the hammer to drop" mode ... current exchange value of ~$260 x 3600 coins per day x 365 days a year = $341,640,000 of *new money* required to consume supply and maintain price at where it is today , nevermind making the price actually go up ... and this assumes 0 selling by any of the heavyweight whales with 10s or 100s of thousands of coin ... do you think we'll get 1/3+ of a billion dollars in new money spent on btc this year (not VC on startups , 1/3+ of a billion $ on coins alone) and that no whales will liquidate any % of their stash ? ... yay math !

Going long on this, think it may make some shorts cover!

Nasdaq to Provide Trading Technology for Bitcoin Marketplace
http://www.wsj.com/articles/nasdaq-to-provide-trading-technology-for-bitcoin-marketplace-1427140006

and there you go

These half-solutions only raise false expectations, and eventually further weakening of the BTC as people get disappointed again and again. What Bitcoin needs is a way for institutional money to get into currency, and like it or not it won't happen until the Winklevoss' bring their fund to the major exchange. I don't like those guys either, but BTC needs them more then they need BTC, sad but true.

Can we hurry up and get this to $10k. Thanks.

I wonder what the ask walls at Bitfinex would look like without all those leverage longs that are put up for sale.

Anybody ever notice how the price drops, then longs increase, then ask depth rises immediately after?

It's pretty smart actually, you create the illusion of sell pressure, and if the price rises on you the only thing that happens is your longs close a few dollars higher than what you opened them for. All that and you never risk your own money. No wonder Bitfinex has so much volume and longs open that never seem to close.

You noticed that too?

What most countries consider basic public healthcare is considered to be an affront to liberty, democracy, capitalism, and the American Way by many Americans.

Wasting zillions of dollars on the military, prisons, law enforcement, surveillance of citizens, and defense of corporations is OK though.

Do we really want to know the answer?

We know San Fransisco will be hit by another catastrophic earthquake within our lifetime, still hipsters and "bassoons" flock over there like it was made of cotton candy.

People dont like the BF because "power". But bitcoin wont survive without  some sort of intelligent benign leadership. But this leadership will have  "power", and people wont like that... Rinse, Repeat.

You either have cake, or you eat cake. Until people get that into their heads, bitcoin will have some tough times ahead..

I'm still on the lists, so considered myself as informed as the next man, but I hope you can clarify things otherwise.

Can you explain this leadership structure that is in place, but has nothing to do with the Foundation?  I obviously missed that one.  

Are you just speculating ( thinking out loud) when you say  "Developers with Gavin as head wouldn't listen to BF if they think something BF is pushing is not good for Bitcoin", or do you have a particular exchange that typifies this view?  Something other than the usual discussions and different views that exist in a normal, healthy environment ( as opposed to this toxic thread).

Explain to me also how these successful startups are going to "monetize their role as core developers"?  That sounds ominous. Like they are just in it for the money, or something.  


So, unelected developers with a purely commercial interest in bitcoin ( in 'owning' it) would, in your eyes, be a better, more transparent and democratic solution for the management of bitcoin than a democratically elected foundation, comprising of members drawn from both business and users.

Dont get me wrong, I am a developer, and developers have an important role to play in the shaping of a project of this nature. But developers are by their nature very narrow in their perspective, and a more broadly based leadership is needed, with business, technology and end user perspectives.

There doesn't seem to be much buying pressure here either. Nobody wants $223 coins.

It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC).

My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small?

There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo!   

I find this analysis good:
https://www.tradingview.com/chart/BTCUSD/rC6uMwPH-Bitcoin-Period-of-Consolidation/

Last chance to get some cheap coins people.
You really should be buying right now.

http://www.coindesk.com/lawsky-bitlicense-will-be-finalized-by-end-of-may/

Looks like another late May pump is coming

How on earth did you get to this conclusion? If the price doesn't go to $210 by the end of the week I would be very surprised. Nothing indicates that bearish trend is close to being over.

Why should he do that? Out of altruism to help stubborn bulls releasing their heavy bags. Smart whales follow the trend, coz there is more and safer money to be made, guess in which direction that goes. All thehope the bulls in here have left is, oh will barry save us, will a whale save us, will the winklis save us, oh yeah the short squeeze will do it. How about you better hope that the average person finds some reason again to buy himself some coin, one single entity won´t turn the whole market around.

Do you really reckon that's going to happen? I think the EU leaders will do everything in their power to avoid than scenario. Also, even Greece doesn't really want to get out of the Euro zone. Even if they left, they can't just decide to break off of the world economy. It they don't do their best to get their economy back on track, they'll be getting themselves into serious trouble, I guess...

What if it's some other insider information not related to the collapse of BTC-e?

Whose got fat fingers over at finex?

WTF?

"arbitrage" by buying coins at a ridiculous premium?

That's all folks.

Why is the rate rising?

Calm down people.
This is hardly a reason to get too excited.
Not yet any way.

I am curious how much Bitcoin will be worth in say like, a year from now.
Just like all of you.
Any substantiated speculation on that around?

The shares I sold at $133.7 were shares I bought within my self-directed Ameritrade Roth IRA.
You do not have to be an accredited investor to buy or sell shares of this stock, whose value is backed by the number of bitcoins it holds.

Explain to me if you are in charge of an institutional fund (e.g. endowment, pension) why on earth you would wire 20$million to bitstamp/finex/coinbase and buy bitcoins?

WoW quite a wild drop, unfortunately for me it was a middle of a night

Damn, this chart by flibbr 12 months ago has proven itself pretty spot on so far, almost scary  

Click on "play".


https://www.tradingview.com/chart/BTCUSD/sT0uAq6V-Bitcoin-heading-back-to-support-at-around-4/


Ok maybe the actual target is a little low, but that accuracy tho.

This week will be a good week. Bears will have to cut their losses.

You wanna cut out the middleman? Don't use Bitcoin then.

Bitcoin: Bob → Bank → Bitcoin exchange → Bitcoin exchange → Bank → Alice

Some big entity should really put bitcoin atm's in all major cities and islands.

ATM's are running low on fiat. Buy 1000 euro worth of bitcoins online, go exchange bitcoins for fiat at bitcoin atm. Doesn't seem that stupid "?!?"

The reason they are limiting withdrawals is because the European Central Bank stopped the flow of fiat to Greece. The banks have limited funds so they do not want a bank run to the point that they all go broke.

Bankers as a rule are stupid. It may take them quite a while to figure out that their blockchain is worthless unless somebody pays the miners.

lel i need sum of whateva you have

Also let me gloat for a minute for calling Bitpays business model unsustainable way back.

...
Explanation

Recently Coinbase has been engaging in various promotionals to lower fees and increase their volume, so it should be no secret NOR conspiracy that their volume would likely increase, in part, because of their promotional efforts.

the point of bitcoin is not trusting anyone.. ETFs are oxymoronic.

they both look gr8

but bitcoin looks at least 100times better...

The lead developers of bitcoin cash calls even calls himself "benevolent dictator".

Amaury SECHET
Bitcoin ABC Benevolent Dictator
https://www.linkedin.com/in/deadalnix

I seem to remember it took multiple months before anyone knew what the score was with the China Ban in 2013.

That tweeted image may be from 2015. See the first reply to that tweet.

Even if it is recent anyone can type something like that up. Smells like weekend FUD to me.

Translation of the documents at https://twitter.com/btcdrak/status/908998917995552776
 
—----BEGINS---—
In order to block all the BTC exchange out of China before Sep. 30th, the expert in Network Bureau, Network Safety Bureau would use the following technical ways to: 
 
1. In the main route exit, block the access to main BTC exchange abroad from mainland China, including Coinbase, Bitfinex, Localbitcoin. The ways to block includes web access, app access, and API access. (See appendix 1 main BTC exchanges abroad)
 
2. In the main exit of the router, block the access to BTC seed node addressing. (See appendix 2 list of DNS seed addresses)
 
3. In the GFW, with DPI identification, the BTC network would be forced to abandon the sync of BTC (Block) exchange.
 
The government will take the following action:
 
1. According to the appendix 1, analyze all the DNS and IP address of  web/App/API access to BTC exchange, and hand in the list to IT Bureau before Sept. 25.
 
2. Network Safety Bureau needs to confirm the validation of the BTC seed node addressing in Appendix 2 and hand in the final list to IT bureau.
 
3. According to research of Network Safety Buearu, through the DPI identification system in the GFW to abandon the block data, the ability of Block(Bill)'s sync will be disabled. This action needs configuration in L1 authorization of GFW. The IT Bureau will responsible for it.
 
Meanwhile, to prevent the domestic block nodes to sync with nodes abroad, government will monitor the communication between the domestic block node with the pool(appendix 4). In case of emergency, cut down the network of the pool.
 
4. Monitor highly on the BTC network's communication via bridge connection, TOR and VPN etc. Inform the most frequent request.
—— ENDS —---

END list, good luck!

...
10/10 bikerlezno*     LAST WINNER

Unfortunately, this fork, at its current state, is much more dangerous than BCH since the S2X devs have not enabled strong replay protection at this time. AFAIK, they briefly included some bullshit opt-out protection where people would have to include some dust transaction to a certain address; if they wanted the transaction to only be played on the BTC chain. (This would have effectively bloated the BTC chain)  However, I believe even that BS has been yanked. I hope Garzik does the right thing and implements strong opt-in protection. If not, this may be a mess.

The current state of replay protection for 2X is:
They are discussing making a pre-prepared transaction in the forking block  (so its only on the B2X chain) this block will then be used like a dust fountain (or faucet) spewing out tiny bits of B2X chain dust on request. Once you have mixed this dust with your coins they can easily be split, as the TX can't be replayed on the existing chain.

Of course this is not proper replay protection, they don't want that because they would need to get everyone to install new (SPV) wallets.
They are hoping to fool these newbies into moving to their 2X chain without them even knowing.
Talk about dishonest....

I didn't mind selling a little bit at 61xx USD and buying it back at 59xx USD. Can we have this happen multiple times over the next few days?

...Your apparent belief that a change in PoW will make any difference in centralization is unpersuasive. No matter the technology, mining power will coalesce to those that possess the financial resources, the BizOps acumen, and most importantly the persistence and pain tolerance needed for entrepreneurship on a grand scale.

So someone clue me in on what's going on with the hashrate?

It is just the effect of hashrate leaving for BCH chain when EDA manipulation or price pump makes it more profitable to mine BCH chain.  Various Chinese pools such as VIABTC and BTC.TOP already sets the autopilot for jumping chain depending on relative profitability.  This can lead to 30%~40% of hashrate leaving BTC chain.  This often coincides with spam attack to bloat the mempool, with some tx paying 400+ satoshi/byte, i.e. 1 mbtc for fee on standard 225 byte tx and a few satoshi leftover as dust.  
https://blockchain.info/address/1FLDCfr9iG7n6bAdGsqBXmhaLgC4aSze72

However, BTC went UP during all these time, further proving that people don't give a damn about tx fees or mass adoption or payment utility, at least the whales who can move price don't.  

LN is a toy. Who gives a shit? Who gives a shit about buying gewgaws from bloody Amazon?

I have a question, related to the bitcoin incentive system. What will happen in the long term, when the reward for each block decreases, and a large part of the transactions are made out of the chain?

smh

The problem is you think I'm a shill when in reality I'm just a minority voice telling what should be a very obvious truth. But Blockstream has distorted everything so much with the lies and the censorship, it's almost impossible to get through to anyone.

If it is on your computer you should be able to do this i think. I don't think you have to be online to see your keys, anyway, just follow the steps and see if your keys appear.

1. Extract your private keys for your pre-fork BTG coins by following the appropriate steps in the list of providers below.

- Electrum
1) Open the menu "View" and click on "Show Addresses"
2) Then open the new tab "Addresses"
3) Right-click on the addresses that had Bitcoin before the fork, then click "Private key".
4) Click on the qrcode icon to show it.

Now that you got your private key(s) for the address(es) that contained BTC prior to the fork of August 1st:

2. Create a BCG wallet in coinomi.

3. Click on .../Sweep Wallet and paste or scan the BTC private key that you obtained in step 1.

Your forked coins should now appear in your Coinomi BCG wallet

Safely retrieve Bitcoin Cash with your Bitcoin seed:

- import the seed in Electrum.
- move your bitcoins to new addresses
- right click the old now empty address and copy the private key
- start Electron Cash and import the private keys. Done.

Im not getting why you people are panicking over shitfork.

Bitcoin is the ledger of not-previously-spent, validly signed transactions contained in the chain of blocks that begins with the genesis block (hash 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f), follows the 21-million coin creation schedule, and has the most cumulative double-SHA256-proof-of-work.

You are absolutely right. But that was not the question.

If he was worried about other peoples safety, he could have worded that in a much more pleasant manner.

good. bloody forkers

They probably did. Doesn't matter. Obvious pump and dump is obvious, their credibility is shot.

I'm going to go out on a limb and say we'll see the largest sell wall in bitcoin history today.

I'm trying to remember some of the past giant sell walls in BTC history. One that stands out in my memory is the one at 300 when the guy cashed out.. I think it was around 30k BTC IIRC.  Of course, that could be dwarfed today in terms of USD value. And I have a feeling it will be soon.  Although this time there's a good chance it's only flashed. Be safe out there folks  

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

How is 70% of the mining power directed at Bitch Coin? Did Bitmain hijack every Antminer on the planet? No miner in their right mind would voluntarily mine that crap. How did they get that much of the hash rate?

Thank you very much. I appreciate your response. I will look for the video that you mention.
But I still dont understand, this could help with high rates and makes spam attacks less effective?

The news links below, but in Korean.
Basically 3000 people show up at Bithumb's Gangnam HQ to protest that lovely Gox style BCH candlestick from 2.85 mio KRW ($2600) to 0.25 mio KRW ($220).  The presidential palace is demanding an investigation into the incident.  Hope that Vers et al. won't get a visit from those Jopok anytime soon.  

http://biz.chosun.com/site/data/html_dir/2017/11/13/2017111302006.html
http://www.hani.co.kr/arti/economy/finance/818839.html

Can't bitch though. As long as the total of my Bitcoin and all my giftcoins is over $10kCAD, I'm happy.

IMHO thinking some silly little scamcoins will "break" Bitcoin is foolish.

Here's some reading for ya:
https://medium.com/@thepiratewhocantbenamed/my-thoughts-on-your-thoughts-17474d800dda

It is possible that either the whitepaper is wrong, or that interpretation of the whitepaper is wrong.

Will we find out in the real world, perhaps?


Surely the longest chain with the most POW is important - however, there is also quite a bit of importance that is given to the various networking effects that support bitcoin.

Accordingly, there could be temporarily more POW on a chain that is not recognized by the community - and that longer POW could exist for a while.  Surely, after some passage of time, if the community continues to NOT support that artificially inflated chain (and perhaps the artificially inflated chain has more POW because they changed what is POW), then likely the longest POW is going to revert to the chain that has the most community supporting it.... So in the end, my point is that there is some value to assign to the support of the community that goes beyond mere textbook definitions of longest POW = bitcoin.

Any thoughts on how high the next BCH rally will go?  I'm thinking we might hit 0.8 temporarily, and then crash.  I don't think we'll spike above 1.0 on the next wave.  At this stage, I think anything over 0.4 is a good place to take profits.

My understanding is that they reduced the difficulty again forking today on BCH and probably they will keep doing it...
So profitability for BTC will remain down indefinitely, leading us back to >24h for a transaction - but this time we have no real hope for the situation to improve
https://www.bitcoinabc.org/november

or did I miss something?

The question I guess is... what happens when BCH is profitable again (soon)

The more BCH raises, the less people will sell I am afraid. That is unless big holders sell their stash but I have seen a lot of fence sitting lately

For the record, there is no Bitcoin Cash CEO.  That letter was satire. The people with "inside information" are the miners and the whales battling it out right now.  I have no idea how this mess will play out, which is why I hold both BTC and BCH.

yobit hitbit bitfinex etc

and trezor hasnt release a splitting tool yet. i knew it

Bcash will get rekt followed by a BTC pump 

Hey guys, maybe someone can make me understand
Do you think we will be able to use BTC in a couple of years to buy for example coffee?
The real question is, the minimum fee we can pay is 1 sat, there is nothing less than 1 sat, right? but if in the next years 1 sat = $2/3, the fee will be as expensive as the thing you wanna buy (coffee). I don't like this BTC = Gold/store of value, I want to use BTC for my everyday expenses.

What is more likely to happen is that people keep using their VISA/Mastercard/PayPal for coffee and groceries and Bitcoin becomes the settlement layer between companies and countries. Even the lightning layer will be for businesses not for the average Joe.

It is certainly possible and might even happen for a while but you don't need the worlds most secure network to secure coffee funds. Opening a lightning channel could still cost Starbucks or the customer $10-$100 in fees to open or close on the bitcoin network. More likely Starbucks would open a channel with your bank and it's suppliers and close the channel each day, week, month to settle the account.

I get the total opposite impression myself. Mechanisms will evolve that mean once you're in you can stay in for good if you wish. But what do any of us know at this point?

Well, one interesting question is how is the hash rate at BTC doing. Miners all quitting it?

C

3 tx/s
180 tx/m
10,800 tx/h
259,200 tx/d
x1.7x if everyone uses segwit for 100% of their on-chain tx
440,600 segwit tx/d
/2 for settling twice a day
220,300 max users supported.

Show me a block representing 4 or more tx/s?
Segwit might increase block size greater than 1.7x under aberrational circumstances - but these circumstances include very large # inputs & outputs per tx. Still capped at 1.7x tx.
Your plan to double block size is a pig in a poke. Even allowing, the number of users supported is under a half million. Sound like a world beater to you?


See above analysis.


Yes, but if each user is to open and close a channel daily (your hypothetical, remember), Bitcoin Segwit can only support a quarter-million users. Even if I spot you the unobtainable number of 4 million, the only way you can hit a trillion tx/d is if each of your 4 million users initiates 1 million tx/d. I don't think there is a human alive that could generate that many transactions. Hell a preprogrammed Raspberry Pi cannot generate that many transactions in a day. A decent-spec consumer computer could. If it worked on it 'round the clock.


While this is true, you still have an insurmountable obstacle in the (1 open + 1 close per day) * number of users <= daily on-chain tx capacity.

...
No. Dabs was the one that first postulated daily opening and closing channels. I merely am guiding Dabs to the natural conclusion of that postulate.

Admittedly, I've not heard that before. So you are saying the transactions will never be settled on-chain? You realize then that such transactions are by definition 'not Bitcoin', right?

I agree. Being able to delete posts comes with great responsibility. Act accordingly.

Or in other words: don't moderate this thread to an even bigger circle jerk. Nobody gains from this and it just forces discussion elsewhere. You end up moderating an informationless thread with just memes and price cheering (which sounds awfully familiar to a certain heavily moderated reddit sub).

Denigrating assertion does not stand up to the scrutiny of logic.

A team recently started probing at the limits of what the Bitcoin network can actually achieve. In terms of controlled experiments directly scaling transaction count, on a worldwide subset of machines, and recording the results. About time someone did this, eh?

AAR, they found that with today's satoshi client, and commodity consumer hardware, the system starts bogging down at about 100 tx/s. In terms of blocksize, that would be ~33MB blocks. So we obviously have considerable headroom in the system for improvement by means of simple increase of maxblocksize. This would consume about 25% of a single core of a typical 4-core CPU, with 16 GB RAM, and an SSD, while consuming about 3 Mb/s of network BW.

But they did not stop there. Due to the fact that allocating more CPU cores to the problem did not improve performance above this (i.e., that it consumed a smaller percentage of additional cores, with no increase in throughput), they postulated that suboptimal multithreading performance might be the root of the issue. So they refactored the code to employ contemporary concurrency design techniques. After such refactoring, the performance of the system - on the same HW - was able to process 500 tx/s. This would correspond to >150 MB blocksize. I repeat - on the same, consumer-grade, hardware. Of course, this results in an increased network BW consumption of 15 Mb/s.

So we see that, despite the maturity of the satoshi client (i.e., a decade of development by Bitcoin's supposed best), there is significant low-hanging fruit in the deficiency of the software design of the satoshi client. Deficiencies having to do directly with scalability. Deficiencies that -- so far -- have not been addressed by the core developers.

Whether core has nobody that understands concurrency, or whether they just deem scalability to be a low priority, is a matter of conjecture. But the truth is that the core developers have not:
- measured and published such transaction capacity tests
- determined where the lowest bottleneck in system transaction capacity lies
- coded up a fix to remove the lowest bottleneck to system transaction capacity
- measured and published results with the fix for this lowest bottleneck to system transaction capacity

- All this in a time when system transaction capacity is the hottest issue - and has been for about two years.

On the other hand, another team has. Who was it? A collaboration of members of the teams working on Bitcoin Cash.

I did not state that core has nobody that understands concurrency. To quote: "Whether core has nobody that understands concurrency, or whether they just deem scalability to be a low priority, is a matter of conjecture." Are there other possibilities I am missing to explain this?

Do you deny the following? If so, which parts?:

But the truth is that the core developers have not:
- measured and published such transaction capacity tests
- determined where the lowest bottleneck in system transaction capacity lies
- coded up a fix to remove the lowest bottleneck to system transaction capacity
- measured and published results with the fix for this lowest bottleneck to system transaction capacity

- All this in a time when system transaction capacity is the hottest issue - and has been for about two years.

The differences are the Bitcoin Core has the advantage as being what the layperson thinks of as "bitcoin" and what most of the infrastructure is currently setup to interface with.  Bitcoin Cash has the advantage of low fees, reliable confirmation times, and the ability to scale to a global payment network.  

I need to have John McAfee avoid having to eat his own dick to get my first million.  
https://twitter.com/officialmcafee/status/887024683379544065

I think electrumgold is a scam wallet

https://bitcoingold.org/not-official-websites/

This is today’s article from The Australian (a national newspaper and it is the most bullish thing I have read in the mainstream media.   You can skip most of it but read point 4.

Adam's "I have seen it" isn't good enough. Any new mining hardware needs to be hands-on tested by an independent third-party like lightfoot.

Also, even if they have a working prototype, there is no guarantee that they deliver on time and within specs. They are funding the production run with the presale.

https://shop.bitmain.com/productDetail.htm?pid=000201711201611548977G3AjqYh0686
1. Only BCH(Bitcoin Cash) payment method is accepted in this batch, please use the exact amount mentioned in your order and complete the payment within one hour. After one hour, the order will expire and your payment may not be detected by the system automatically. Payment must be in BCH. We cannot accept payment in BTC. If you send BTC to the BCH wallet the coins may be lost. If the payment is submitted but the receipt is delayed, we will make your payment "Valid" manually.

Bitmain has been doing this for a couple of months now with all the new batches.

Monero going up a bit too fast for my liking.  19% in 24 hours.  Rocketed past Iota in the last 12 hours now 7th on Coinmarket cap.  It’s good but it doesn’t even have a hardware wallet yet.

About 1 BTC gets you 5 miners (the minimum order) and 5 PSUs ... and probably shipping.

According to mining calculators, you should get that back in 2 or 3 months. If difficulty goes up by the time they ship in March 2018, or even April 2018, suddenly your miners need 3 to 6 months before ROI. Maybe more.

Is there a light wallet for bitcoin gold? I don't want to use a mobile wallet, I want it on desktop. But not with full blockchain.

As far as the law is concerned, I don't see why a clearly defined contract should not hold in law depending on what the application of it is. But I'm not a lawyer so that's not something that I can even speculate about given how absurd some of the loopholes over there are.

But..but.. what's the advantage for the participants involved if a breach of contract or dispute is not defensible in court? Why not just spit and shake hands on a gentleman's agreement for that matter?

And anything that has legal precedent (99.99% of contracts) can be challenged in court. Smart contract or no.

Nope. Go ask a lawyer. No matter which party ends up with the asset at the center of a smart contract dispute, that said ownership can still be challenged in a court of law. Smart contracts will not alleviate or nullify this.

Riddle me this: Why or when would I ever go into a smart contract with you, knowing this? Lol

lol you drinking the bittrex kool-aids? .. putting your money in there is like cryptsy 2.0 :\ they will be gone and in federal court within 6 months <<<

It's the best of a bad bunch, at least for alt trading.

Some people blindly follow this clown's advice, and then get angry at bitcoin:

https://twitter.com/WolfOfPoloniex/status/933709903109255168

Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200.

It was initiated by downtime at MtGox as that single exchange did 80% of volume at the time.

Look at monthly RSI, it's well over 93%.

Only 3 times so far we got over 95.
Each and every time we were into a bubble just about to burst.

I checked on Coinomi.  they only have an android wallet.   Nothing for windows PC yet.  unless i am missing something.

I am not placing any serious funds on a phone !!!!!  Phones are for play money and coffee/groceries.

I found more upcoming forks. here is a list of coming forks I know of:

Nov 25, 2017 - Bitcoin Diamond (#BTD)
Dec 17, 2017 - Super Bitcoin (#SBTC)
Jan 2, 2018 - Bitcoin Cash Plus (#BCP)
Jan 28, 2018 - B2X reattempt by the community (#B2X)

I like Bitcoin Cash Plus 

For something different I would try Bitcoin Tethers: supposedly full-reserve non-redeemable bitcoin as-ifs pegged 1:1.

i will buy some mining rig (oh wait, there is still my BFL order that was supposed to be shipped in two weeks^TM) and then I will fork BTL.
no, BTL stands for BITCOIN LAMBO. and hell, yeah I will peg it to one lambo per coin. of course it will be not an old fashioned proof-of-work but proof-of-speed coin.

You shouldn't feel the need to give excuses like the one that you just did, even if you have or don't have friends or a community for dunno what reason. There is no sense in giving an explanation, especially at your age.

All of that is irrelevant.

Any of our existences, not really that relevant at all. It is just the information we manage to imprint onto our spirits / souls that is important and relevant.

And I don't care about people or friends if I have them, I know many people, I get along with all of them. But I try to avoid all of them. Humans tend to have a low awareness level.

Awareness is not something that grows in trees and people can just consume the fruits and gain those abilities. They actually need to develop those awareness skills.

You can access it via System Preferences>Users & Groups>Click the lock to make changes. Then use "root" with no password. And try it for several times. Result is unbelievable!

Before everyone dumps their BTG, can we atleast try to see it surpass bcash --now that would be gold!

Do people think this to be the last leg up before a "crash", or is there a correction (<50%) that will bounce us past the asteroid belt?

Hi xxx,

As we informed you in previous communications, we are approaching the December 14th deadline in which you’ll need to convert your Bitcoin Cash (BCH) balance that was generated during the August 1st fork to BTC.

Our Terms of Use clearly state that the only digital currency supported by Xapo is Bitcoin (BTC). If you want to store, transfer and/or use any cryptocurrency other than Bitcoin, you cannot do so through the Xapo Services. If, as a consequence of a “fork” (as such term is commonly known in the bitcoin industry), Bitcoin holders are granted with equivalent or proportional amount of the new digital currency or values that are not Bitcoin, Xapo shall not have any obligation, whatsoever, in connection to such new digital currency or value. Providing, however, that Xapo may grant you, at its sole discretion, a reasonable term to withdraw such digital currency or value to a third party. If you don’t withdraw the total balance of the digital currency or value within such term, Xapo reserves the right to automatically convert the total balance of such cryptocurrency into bitcoin and credit it to your Xapo Wallet.

That being said, you should know that converting your BCH to BTC is easy! Visit our FAQ section to find a step-by-step guide for how to convert your BCH.

If you want to keep your BCH, you cannot do so within Xapo, but you’ll be able to withdraw the total balance and send it to a valid external BCH address before December 14th.

Keep in mind that unless you take action by December 14th, as outlined in our Terms of Use, you’ll be allowing Xapo to automatically convert your BCH to BTC. In that case, you will see the corresponding BTC balance credited to your Xapo Main Wallet.

If you want to keep your BCH you will not be able to do so within Xapo and you will have to withdraw the total balance and send it to a valid external BCH address before December 14th.

For questions or inquiries please contact us - we will be more than happy to assist you!

Best regards,
Xapo Team

In the meantime bitconnect gives us really that dotcom crappy bubble feeling by scrapping the bottom with these videos...
https://youtu.be/gKezlAUtHlA
I need to bleach my eyes now to unsee it

...
The bet will go like this:
...
It's a win-win bet for him. I'm doing this because we need to convert more people to see the power of this new "digital gold".

Oh wow. What a wonderful laugh, erre (no offense). Bitcoin will absolutely, certainly, and in the most confirmed way never, ever reach $100k, or even $50k or $25k (we are at its top more or less), and, I can't believe I even have to type these words, certainly not in "the next year". Not in the next year. Not in the next 2, 5, 10, 50, or 100 years. Not ever. You don't have to trust me on this, just read the best confirmed sources and look at the charts. It's very obvious, I'm sorry to say.

I will absolutely offer 0.01 BTC to whomever first quotes this message (erre excluded). If bitcoin touches $100k USD $25k on any major exchange (GDAX, stamp, finex, kraken) at anytime within the next 365 days, and not through some silly glitch, then the first person to quote this will receive 0.01 BTC.

My last offer did carry some risk that I was aware of, of course, since it's always possible for silly and irrelevant gyrations (which the current prices are). I obviously got burned by these irrelevant aftershocks. This offer is confirmed to be on my side (and that's not putting it nearly strong enough).

No - cash settled. They are betting on the price index. Like the weather futures where they bet on the temperature and what not.

I like the idea of the wide open sea, but too much choppynes gets old right quick, and my old man keeps insisting a river tour is the way to go. And maybe it is. Still deciding.

That's not what coinmarketcap shows.... but it is getting closer though.

Even more bizarre is that Tether is now at $1.06... So they are paying a 6% premium for a crypto coin pegged to USD 1:1 which redemption isn't even garanteed/enforcable. Hilarious.

People are tired of $20 transaction fees and vendors of stuck bitcoin transactions. Average litecoin fee is under 50 cents. If I were selling on the marketplace I would be accepting litecoin only right now until LN is working well.

I'm not a "bear", just tired of the vast amount of lies in bitcoin like people claiming it's "decentralized" when it's not, and people claiming it has better fundamentals than metals when it doesn't.

Maybe I'm naive, but with all these noobs and old-timers alike whining about transaction fees, I worked out some back of the envelope calculations:

The Bitcoin network is consuming about 100 million kWh to process nearly 400,000 transactions per day. That works out to about 250 kWh per transaction, or about a week of modest home consumption, or enough to power 8 typical US households for a day.

The average cost of electricity in the US is 12 cents per kWh which works out to $30 per transaction or 0.0015 BTC at $20k. This is the break-even transaction fee in terms of energy usage. Any less, you're getting a deal and should be happy to wait for confirmation, any more and hopefully your premium speeds things up.

I personally think $30 is a fair price to securely move any amount of BTC to anyone in the world in typically less than an hour, until either electricity costs come down or the network becomes more energy efficient as demand and use dictate. It's way cheaper and more convenient than a wire. And wires are never intended for small amounts. They're for heavy lifting and high priority transfers. Just try and think about trying to send someone several kilos of gold for $30. For better or for worse, BTC has or will become the favored child of savvy millionaires, governments, and institutions to store (HODL!1) and transmit increasingly vast sums of wealth, sans regulation or too much oversight for the time being.

how low can we go...

Your energy assumption is only 22.6 million kWh per day. That is only 1/4th estimated by this source, at nearly 100 million kWh:

https://digiconomist.net/bitcoin-energy-consumption

I am curious, what is your source?

... Bitcoin miners will consume an estimated 8.27 terawatt-hours per year. That might sound like a lot, but it’s actually less than an eighth of what U.S. data centers use ...

I'll never understand why people have a problem with paper wallets. They're easy to use and and offer the ultimate in security.

Add Jihan Wu.

This is a 25% dip you panicking pussies. We used to do this everyday. Have you all gotten soft and fat in your old age?

Does the US not have double taxation treaties though? In some places you can just create an offshore company, tax your profits in a different legislation, and then be exempt from further taxes under your own legislation due to the treaty as you've "already paid them" (even if the taxes are as low as 2% or even 0%).

Every day I am bombarded by facts illustrating the US is a gynocentric empire of nothingness.  There's probably no point even educating women in the first place, because even if they learn some type of skill to generate a living, it actually makes them upset to do so and they find no purpose in life without attempting to extort resources from men instead.  The mind of a woman literally is the mind of a prostitute.  They have no idea what to do with their lives if they accidentally acquire resources using a non-prostitution method.

Case in point, a 17yr old woman in the UK won the lottery then claimed it made her unhappy because she no longer had any type of purpose and then she attempted to sue the govt for giving her the money:

https://www.marketwatch.com/story/she-won-more-than-a-million-dollars-in-the-lottery-and-shes-suing-the-lottery-over-it-2017-02-15

I agree... start slow and move up.

Just do something.

The BCH team is working on getting rid of the blocksize limitation altogether. So If you want to backup all of you photos, the BCH chain will be a great place to do it. Only people with servers that cost 20K USD to setup will be able to run a node. Craig Wright believes only mining nodes matter.   I'm not sure a fee market can be established with unlimited blocks.  

2mb would give Core time to implement LN and other sidechains.

I did send out a transaction but it’s not showing on blockchain. The thief sent a real low transaction fee so it should be a while but doesn’t seem to be working.

And who the hell is buying it? Crazy

Only 4.3% people voted $12,000-$14,000 for Dec 31, the second least popular option. Interesting, it seems that crowd sentiment is a great contrarian indicator.

I have decided that Ripple is an attack on Bitcoin the same as Bcash.  They are trying to scare holders into selling by wash trading a Flippening.  Don’t fall for it.

What I find funny is that none of the ultra nerds or white/black hats I know seem to trust hardware wallets at all.

So if I remember correctly Ripple labs own what 50billion XRP giving them a market value in the $175bn area or rough 3.5 Tesla's, 3 general motors or slightly less than 1 Volkswagen, why buy a Lambo when you can buy the company that makes them.

Am I understanding it correctly that LN only works with segwit?

It will be interesting to watch BTC development move forward.  There was a huge portion of the community pushing for bigger blocks who have now shifted there holdings towards BCH.  These people will now support keeping BTC crippled at 1 MB, as they believe that shifting value from BTC -> BCH is now the best solution.  So we have a situation where both small-blockers will be pushing for no block size limit increase AND big-bockers (like me) will also be pushing for no block size limit increase.  So I think it will be difficult for BTC to scale if Lightning Network (LN) doesn't work out as planned.

No but three million Joe's do have a huge amount of cash. Never underestimate the insanity of the crowds. Just another day of panic...

give them some time, they are busy adding new shitctokens

 (i never heard of these, before they added them: BAT, ZRX, FUN, MANA, SPANK & TNB)

I just send lightning network devs that we need this update soon, and spammed them like 10 e-mails. Guys do it also and send them messages to the e-mail below.


E-mail: contact@lightning.network
E-mail title: We need good news for btc growth.
Inside E-mail : Please guys you're the only ones that can make it moon.




Keep spamming them so they can read.

I thought that Roach did his fire sale trade of BTC into PMs, such as gold and silver, in about early 2016-ish - but still, similar results as doing the same in 2012, which is that bitcoin has performed way better than PMs, such as gold and silver.

@midmagic https://twitter.com/midmagic/status/953024852083945472
If this is what I think it is, this is one of the main former Ripple guys (Jed McCaleb) and Mark Karpeles talking directly about stealing BTC from their disused user accounts to make up for thefts:

[Thu Mar 3 12:45:08 2011] mtgox: pass is: 3r56t

Can't risk it. I'm ok with not being rich, but I'm sure as shit not going to be poor after all this.
Sold 5%. Still thinking..

So, I guess this is finally Masterluc's expected correction down to 10k.

what will happen after this correction according to masterluc?

i sold my house and went all-in and panic bought TRX at $0.24
now i lost almost everything
i dont know what to do now, my wife will probably kill me

you guys think it is the best to just sit it out?

What was your answer?

I think I understand your point. Yes, if your trading funds are all crypto and no fiat, you need to find some way to fund the buy side.

If you have both Bitcoin and fiat on hand, no problem. You fund the sell side by entering sell orders at your chosen interval, starting at the next interval above the current price. You fund the buy side by entering buy orders at your chosen interval, starting at the next interval below the current price. * Your system is now set up for up market or down market.

Of course, if you don't have fiat to start with, you cannot enter buy orders. If the market first tends down, you get antsy waiting for the price to raise to your first sell.

The solution of course is to sell some Bitcoin at current market price to get fiat to fund the buy side.

Case study: When I set my daughter up on this system, she was starting Bitcoin-rich and fiat-poor. We decided to place about 4% of her total crypto holdings into the trading system. Of this, we sold ~1/3 at market price, and used the resulting USD to fund the buy side. Easy Peasy.

Of course, the buy side funded through this mechanism it was not quite enough to carry the entire December - Jan volatility. She's been in the system, fallen off the low end (all sell orders, no fiat to buy) when the price tanked, back in the system (orders both sides) when the price rebounded, and fallen back off the low end when the price dropped again. Currently waiting for price to again rise to hit her lowest sell in the system.

But in the meantime, she's accumulated some additional Bitcoin**, and even some additional cash profit from when price reversals and human latency led to additional $ profit.

* You need to leave a gap of one interval near the current price. Can be either a missing sell or a missing buy. Think about the first few trades after setting up the system - if you understand the system, you'll see why this is necessary.

** Used to extend where the high side of the system 'tops out' - a sell at the next interval above that previously funded.

Maxwell resigned from Blockstream in November:
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-January/015586.html

Gregory Maxwell greg at xiph.org
Fri Jan 19 02:59:17 UTC 2018
Previous message: [bitcoin-dev] Suggestion to remove word from BIP39 English   wordlist
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Not really all that on-topic, but since it was suggested to me that
this would be an efficient venue to reach others who might care to
know:

In order to spend more time working independently on deep protocol
work, especially new cryptographic privacy and security technology for
Bitcoin, I resigned from Blockstream last November. It took until the
end of December to wind down my involvement there.

Back when we founded the company I was concerned that there was
significant underinvestment in Bitcoin technology: Bitcoin had a
healthy technical community just as it does today, but lacked the kind
of industry support that projects like Linux have. Without sustained
financial support, some kinds of bigger projects seemed really hard to
pull off with developers needing to share time between non-bitcoin
employment, their families, and their other interests. For the most
part, back then early Bitcoin companies weren't investing in public
technology, at least not effectively.

We hoped that Blockstream could help act as an anchor of support for
technology development, and in doing so help grow the community. I
think that has been a big success. The Bitcoin industry has matured a
lot and today Bitcoin Core gets significant regular contributions from
many organizations (including Chaincode, DCI, Blockstream, Coinbase,
Bitmain, Blockchain, and probably others that I am forgetting or not
even aware of) and a volunteer community much larger and more active
than it has ever been before.  From what I've been told Blockstream
plans to continue to contribute to awesome technology in Bitcoin--as
demonstrated by their Lightning webstore this week--but if they
didn't, that wouldn't be a problem for Bitcoin.

So for me this means that I can go back to working on the things I
find most exciting ... without the overhead of managing staff or
dealing with the many non-Bitcoin blockchain applications which are
important to Blockstream's business. The maturing Bitcoin industry
means I don't need to worry that Bitcoin development could be left
with inadequate financial support.

I'm very excited about all the new and interesting technology that is
coming to production--Bulletproofs / CT, signature aggregation,
improved propagation and synchronization--as well as the continuing
maturation of Bitcoin as a viable subject matter for academic
researchers. I'll be spending more time helping with these and other
things, and will no longer have insight into Blockstream's activities
or a Blockstream email address (I can continue to be reached at my
xiph.org and gmail email addresses as I've used here in the past), but
otherwise this shouldn't change anything for anyone here.


Cheers,

The problem I have with altcoins, is this:

Once Bitcoin established itself as a near-perfect digital gold 2.0 like store of value, as well as something that can be used online as a currency, then investing in anything else trying to do the same thing (i.e., an also ran) made zero logical sense.

If people want to gamble with also-rans that's fine. But there is a deep seated fallacy in comparing a fly-by-night project that all it has to show for itself is a single anonymous dev, an online token, and a back-of-the-napkin scribbled future roadmap as even being in the same league as Bitcoin.

I also have a real issue with also-ran cryptos that claim to have solutions to problems that don't exist, or will never really exist. App-based tokens. History is literally littered with such IT projects that go nowhere and do nothing. Especially pay-to-play apps, that will compete with other apps that are free and do the same thing. That is beyond absurd.

Hmmm

Just found something that says they are going to put Tether on lighting.

A US dollar denominated crypto on Lightning.   That’s extremely powerful.  Arguably that destroys Ripple and Litecoin.

https://youtu.be/mCllEvfvgUY
now that's what i call music

I've probably mentioned this here before, but back in the day I mined a triple digit amount of BTC and sold them at a price in the double digits.

Later on, after deciding not to jump off the nearest tall structure, I decided to start grinding away and hodling.

The smart move going forward is probably to sell certain amounts at predetermined levels, similar to what jbreher does. However, I have a major aversion to the thought of selling any BTC, having been traumatized by earlier experiences.

Because eventually you will have a stuck transaction, and then who you gonna call? Who will take responsibility for fucking up? Exchange one? Two? YOU?

It's just plain stupid.

I actually do this, but I don't understand why "buying on the way down, selling on the way up" is better than vice versa.
...
Why is this better than doing the other way around though?

I would suggest a dedicated NAS with zfs (FreeBSD). Mostly like RAID, only better.
A dedicated ethernet cable between server and NAS would provide adequate disk bandwidth. Or, likely, you could actually manage to run bitcoind and lightningd on the NAS itself. As for the form factor, there are dedicated cabinets that accommodate 1-12 disks, with little leftover space except for the motherboard.

If any of this conjecture were true, Bitfinex would be trailing in price not leading.

Wait a minute.  If the price rising and then crashing was entirely due to printing Gox dollars out of thin air and none of it was an aggregate market at all (not that bitcoin ever is but like 1% of the time), just how can some random Russian guy take credit for predicting anything?

Our faith in TEH KULT are being tested.

I think it was something said during the war. Germany was the elephant (better technology, better trained, better generals, etc.) the Soviets were the ants (huge numbers).

Oh cool, war talk!

The ruski numbers are way higher (why does this need pointing out?). So yeah, ants. Also, they were in the r phase of the cultural cycle during the war, so they definitely relied more on numbers than quality. Some of their soldiers were tasked with shooting anyone who fled from the front lines, for fucks sake.

No seriously, what the fuck happened here?

Germany was the elephant (better technology, better trained, better generals, etc.) the Soviets were the ants (huge numbers)

Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

I disagree.

Abstract. ..., accepting the longest proof-of-work chain as proof of what happened while they were gone.

The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it.

First of all, I don't read the white paper as gospel.  But even if you do, also in abstract: "As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network,  they'll  generate the  longest  chain  and  outpace attackers." Therefore the abstract itself already says that the longest chain rule is conditional.

The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it.

This is ridiculous. The concept of the "longest chain" only has a meaning considering the same difficulty. When you change that (at that point we are talking about a completely different thing longest or not) you can easily get a longer chain with ANY PoW you want. That's exactly what Bcash did, and now it doesn't matter how long they get, because they are using a lower diffculty and... a smaller accumulated proof of work.

My opinion is that preparing for a soft PoW change would be a good thing. Keywords: preparing and soft.

A monopoly on mining is an evil thing. It keeps decentralization from really taking place. However, changing PoW drastically without a grace period would only alienate the "good" miners - probably ruin them, and piss them off enough to turn them (rightfully) bad.

One way could be to have a PoW that alternates between a few different hash functions - some of which hard to implement on ASICs, probably because of insane RAM requirements although there are alternatives. The alternance should be based on past history; the percentage of SHA-256 blocks could be dynamic, so "good" miners are incentivized to keep their percentage high by maintaining good demeanor. Or there could be a multiple PoW in each block, so that both a SHA-256 proof and some other proof(s) are necessary for validation. Each PoW function should maintain a different difficulty scale, and the difficulties could be combined into some overall metric. Such a system would be highly tweakable, and adapt dynamically.

(EDIT - about "softness". The initial conditions could be 100% ASIC-based, 0% others, as it is now. Then in times of mempool storms, or fork FUD, or whatever, the "others" might be gently pushed up until the situation gets back to normal.)

Any working solution should be designed with game theory in mind, not only the obvious complexity theory. A long check on testnet would be necessary, to figure out at least the complexity part, if not the game theory part.

(Inb4 - Bitcoin is a scam designed to centralize because no digital money can ever blah blah the Joos blah blah gold and silver.)

Also fuck quantum clowns. We would be using them to mine if they were ever to become more than a nerdish fantasy.

I think we hit bottom... stoch rsi has a crossover and is pointing up... but maybe one indicator isn’t enough.

very quick short list  for a small "game list" or how i have to call it..... only  when breaking 12288 dollar price.....  almost same rules as the list before just a winning date AND .15 BTC for correct date only accounts with minimum 5 Merit and 20 activity (last time to many new pop't up  ) LIST CLOSES tuesday 12 CET

Now if you look at the RSI it shows it bounced off 40... HOW THE FUCK? THEY REDREW THE LINE IN THE PAST??  

ONCE THE LINE IS ABOVE 40 YOU CAN'T THEN MAKE IT GO BELOW IN THE PAST!

so they just need a few kb right now?

Oof. Sorry for the off-topic, peoples, but, I just have to ask... "Are Ethereum tokens toast ?"
...
https://support.okex.com/hc/en-us/articles/360003019292

Looks pretty fucking serious to me.

We are suspending the deposits of all ERC-20 tokens due to the discovery of a new smart contract bug - "BatchOverFlow".

And yet the former PayPal COO David Sacks believes something completely different  

https://cointelegraph.com/news/paypal-ex-coo-bitcoin-crypto-fulfilling-our-original-vision

Of course you do.

I wonder what the hyperbulls will do once (if) bitcoin actually reaches its target of $1M/etc? Like they will have no purpose anymore and go into some kind of depression.