Yup, I'm leaning towards buy opportunity too.

Just gonna wait a while to make sure it doesn't continue downwards.

I think some huge gains are in sight the coming months.

i can feel the train coming.

the train is rolling around the bend, but I'd feel more bullish if you could get a better job.

Bitcoin ETF approval within 5 months.


http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspx

Did someone promise you something too? 


Try a little harder with your nonsense.

By now, even the biggest of idiots have figured out that Gemini is an exchange and an exchange is different from an ETF.

We could have given you a pass for these kinds of questions a year ago (when Gemini first came out), but a year later, come on?

Winkelvoss ETF was never approved during 2014, 2015 otherwise it woud alrdy be here..you're overeacting a little bit.

You need to pay for lawyers, regulaters, filling paperwork to SEC etc, that cost a ton of money and time. Bitcoin is a brand new asset class with a lot of potential, it is not easy to make a framework.
All party's needs to be happy, if the first farmework does not fit the requirements than a new one will be planned and that will take a new chunk of money and time. There are more ETF's going on than the Winkelvoss but the 2 brother are going for BATS exchange. Imo that fits Bitcoin better than NASDAQ.

Have patience friend, Bitcoin ETF's will come.

Bitcoin ETF approval within 5 months.


http://www.wealthprofessional.ca/news/etfs/new-bitcoin-etf-on-its-way-to-market-211198.aspx

The Winklevoss Bitcoin ETF is still awaiting regulatory approval from the U.S. Securities and Exchange Commission

The SolidX ETF isn't the Winklevii's COIN ETF. The latter is awaiting comment on a rule change for listing on BATS. NASDAQ never filed for that rule change. There is now a timetable for acceptance, starting with a 45-day period for comment with several possible extensions. I guess it still could all fall apart and be rejected, but it's undeniably further ahead than previously.

there is a workable Alpha version of LN
its called Thunder i think
https://www.blockchain.com/thunder/
yup.

i think the goal is and always will be to get bitcoin to be able to process all of the worlds TX.
right now poeple have gotten use to the idea that bitcoin will never be able to do that.
when LN comes and changes the game, we will be able to say that "yes bitcoin CAN potentially take over the world."

i agree only LN can achieve this, but i disagree that blocksize can stay at 1MB or that 2MB would have any meaningful centralizing effect. it should have been bumped up already and its sad you small blockers cant see that.

For the love of bitcoin, and all it stands for, we MUST ALL AGREE the fallowing statement is completely INSANE

 " Hard forks are evil, and only core dev knows what best for bitcoin. "

I assume not many ppl here will be using Coinbase, but please be careful if you do.

https://bitflikz.com/blogs/news/critical-security-update-from-bitflikz-gdax-coinbase-may-be-insolvent

First, never disclose how much you have... and where !

wat a shit day

620 seems to be pretty well defended. Perhaps we found a new bottom?

What's happening guys? To be honest I was not expecting this much of a battering after staying at $660 or so for a fairly long time.

time to SNAP UP the cheap coins??

Adam's Cheap Coins Target: 649.99

Isn't this fun?

https://twitter.com/MagicalTux/status/760609149646311424

@guruvan Just for the record let me say that I have nothing to do with what happened to @bitfinex


What an asshole!

so what is latest news about finex, is it hacked, coins stolen or is it just a story?

are they lying. or really 120K coins are gone

A useful poll.


Bitcointalkers are roughly three times more likely to pick the first choice over all the others.

I want to write a bitmovements update later, but i would like have some info before i do.

somthing fun to read -> https://bitcointalk.org/index.php?topic=796276.msg15810284#msg15810284

skip to the bottom for the meat.

Kim Dotcom says he has the answer to bitcoin’s ‘civil war’ and will soon give it to the world.

I'm getting very exited about Kim's ''scaling'' solution what he calls; Bitcache for his Megaupload 2.0.

He also thinks that the price wil rocket to $2000 in 2017, which i think he is right even without his groundbreaking innovation.

http://qz.com/751533/kim-dotcom-says-he-has-the-answer-to-bitcoins-civil-war-and-will-soon-give-it-to-the-world/

i'm waiting for a dip,
but i dont NEED to buy.... i will survive the coming fiat melt down 

i'm really fucking disappointed, i was looking forward to owning a piece of bitfinex.

Why not?
We used to have chartbuddy here, price updates on a regular basis.

Jimbo's good morning is a nice mantra. I hope he keeps on greeting us every single day.

 

Wow I didn't realize that Jimbo was that powerful.  I bow down before him.

and then i started looking at my early videos https://youtu.be/s5Lo30EC0IQ?t=2m10s
LMFAO

So zooming out to 1d on the chart, from 5/24, bitcoin is just looking like your typical PnD bubble that we've seen so many times before.  A blow off top, followed by long legs down.  

Looks like it could eventually deflate all the way back to ~450.  

that's not the impression I get about holders. i'm sure there are some big swinging dicks and they're clever enough to keep quiet but there are polls on here quite often and thw answers are either a surprisingly large amount or a surprisingly pitiful amount and not much in the middle.

i'm going for scary down because maybe bitfinex going more wrong might scare the traders. let's see. if you're here for the long haul none of that matters anyway.

So Dafar, still mocking me thus far?

Good morning Bitcoinland.

Blah blah blah... $581 BitcoinAverage...

Blah blah blah.

Wicked hangovers require lots of strong coffee. 

Stop being a coward.  Nobody says it's "racist" to talk about the Italian mafia.  It just so happens there's a Jewish mafia running the media, political system, and financial system that is more crooked and powerful than the Italian mafia ever dreamed of.  If they fail to police their own kind and don't place all these sith lords like Soros in a dungeon, the world will eventually collecively punish them again.  

It's a Machiavellian issue.  They operate as a hive mind collective, so just tossing one in jail probably does nothing.  You can't beat collectivists without a collectivist solution.  That is why collective punishment was used against them the first time and is likely the only way to fix the problem at all.  If you're happy being a Jew servant and being financially and cognitively raped for your entire existence, then good for you, but not everyone is a beta male servant boy.

http://www.youtube.com/watch?v=CuzpFMWReZw

Good morning Bitcoinland.

Yesterday we finally got the upward break we'd been expecting after all these weeks of sideways.

Today it's inched up a little more. Over $600 on most exchanges, $610 on Bitcoinaverage.

Are the summer doldrums over at last?

Yes... maybe ongoing discussion of hardforking efforts has better reception in other forums?

I think that some of the hardforking discussion is a bit looney, but it is a current dynamic that is likely to continue to have various rippling effects on the "bitcoin community"  (I put "bitcoin community" in quotes, because it is a bit of a dilemma how "bitcoin community" should be defined).

So Dafar, still mocking me thus far?

Quoting myself ftw.  Looks like we're just going to keep grinding down ~$10/week or so, until this bubble completely deflates.

Since there are no buyers, looks like the only thing that could put the floor in is the hashrate/mining cost, wherever that may lie.  

Why so violent Dafar? Are you still butthurt about a bad trade or something?

I'm a permabull hodler that, after 3 straight years of witnessing bitcoin NOT becoming the uber global phenom that everyone was going on about in 2013, I believe have earned the right to be a little bearish now and then.  I still have not witnessed ANY new major Average Joe money, nor major investment money, nor major retailer adoption happen in that time either.  The only thing I've seen in that time frame is complete apathy from the general public, and the occasional PnD bullshit that we're all so familiar with by now.

So fkn sue me bitch.  Also, let's see how the year finishes up before you start calling it a full on uptrend, eh? Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now.

Edit:
Well, well, well, looks like ol' Dafar is just as bearish too.

JJG, since you seem to like to confront people a lot, and since you are always in need of hard facts, stats, and proof over public sentiment (which is fairly palpable atm), then here you go.  Third chart at the bottom, the 3-year downtrend in bitcoin's overall crypto marketshare is as plain as day:

https://coinmarketcap.com/charts/#btc-percentage

Doesn't change the fact that I'm a permabull.  But my patience is starting to wear thin.  Other so-called bit bulls have already moved on and left bitcoin behind.

Needle is showing up on the chart. Any news from Deutsche Bank?

Tomorrow the SEC will approve ore disapprove Winklevoss ETF...

To avoid to much disappointment, i expect that the SEC are still not happy with the ETF framework. So the Winklevoss needs to spend more money and time to make it more satisfied.

0.13.1 will be release soon (1 to 2 weeks), that date is just one of the requirements that must be met before segwit activates.

RC1 will come out in a day or so oonce they go through the gitian process.

LN is coming around nicely where all the implementations have standardized Interoperability and Specifications for compatibility -
https://bitcoinmagazine.com/articles/after-scaling-bitcoin-a-lightning-winter-release-is-now-within-reach-1476814566

While Gemini charges lower fees than many of its competitors and offers big discounts to clients moving large volumes, it's not free. (As an aside, the supposed free flow of money is one of the great myths of the Bitcoin world, since most exchanges charge around 5 percent of the value to either buy or sell Bitcoin.)

JJG says he talked to him a while back and Adam said he was hacked and locked out. Hasn't bothered to reclaim his account.

I wish he'd do something about it. I miss his absurd humor and drunken shenanigans.

Also, the poll desperately needs changing.

Mr. Torque.... you've been quiet recently. What happened to deflating back to $450 and you calling me out on it?

YES I DID MOCK YOU AND I WON... YOU THINK I'M GOING TO FORGET YOUR ATTEMPT AT HUMILIATING ME??? HUH???


I don't f*** around boy

Why so violent Dafar? Are you still butthurt about a bad trade or something?

I'm a permabull hodler that, after 3 straight years of witnessing bitcoin NOT becoming the uber global phenom that everyone was going on about in 2013, I believe have earned the right to be a little bearish now and then.  I still have not witnessed ANY new major Average Joe money, nor major investment money, nor major retailer adoption happen in that time either.  The only thing I've seen in that time frame is complete apathy from the general public, and the occasional PnD bullshit that we're all so familiar with by now.

So fkn sue me bitch.  Also, let's see how the year finishes up before you start calling it a full on uptrend, eh? Bitcoin has steadily been losing some marketshare ground to shit
coins for 3 years now.

Lol @ Dafar (aka Mr. Monero) who divested into shitcoins and lost, now he's back full in on btc and just talking his book.  

So how's that dwindled BTC stash feeling now Dafar? Meanwhile I've been hodling the whole time, haven't lost a thing.  

I guess it was $750.

https://bitcointalk.org/index.php?topic=1309383.0

Dollar will probably be devalued to boost exports.  The real question is if it's accompanied by some huge restructuring of the entire monetary system or getting rid of the Zionist shitbags at the fed and giving control of currency to treasury where it belongs.  Also, fuck Mark Cuban.  What a fucking scumbag.  Zionist who changed his last name to hide in the US and tried to sabotage Trump and is already kissing his ass 3seconds after Trump wins.

Never forgive, never forget.  No mercy.

[img]https://ounce.me/img/mark-karpeles-euphoric.png[img]

PUBLIC SERVICE ANNOUNCEMENT

we are of the opinion that the current Bitcoin development team is not taking satisfactory steps to ensure the growth and advancement of Bitcoin in accordance with satoshi's original white paper.

Instead, Bitcoin is being transformed into a settlement layer, with high fees, and using a labyrinth of complex overlays on top of the basic system.

After years of stagnation, it has become evident that no change will occur. The current Bitcoin development team has prevented the ability to freely discuss the development of Bitcoin by tacitly supporting censorship, and outright banning of developers and community members who differ in opinion.

Since efforts by the community to resolve these problems have failed, it is necessary to resolve them with a different approach.

Sincerely,
The marjory

I suspected that if we passed 750 it would be the start of the ramping up and FOMO, but it is looking lacklustre.

Maybe it is unmentionable OT uncertainties (ahem...) maybe it's just not going to happen but the cup and handle looked perfect and the rise has been steady for a year.  I really thought it would be around now we'd see the new 2013-style run, but it's awfully quiet out there.

I was thinking (as were many) that a run up was inevitable.  Now I haven't a clue... The conditions are good, so why is nothing happening?  A crash would no longer surprise me either, this is Bitcoin, after all.

Well JJG says somewhere between $3K to $5K.  I'm sure that any day now he'll provide some detailed analysis as to why he thinks that, as well as give us some exact dates as to when it will happen.  Still waiting....   

Maybe, but let's not forget that in 2012 volatility seemed to be done also. Then we had 2013.

I don't think we'll have quite the volatility as we had during the 3 great bubbles (or even last spring's micro-bubble) when it rocketed up in a few short weeks and plummeted just as quickly.

Hopefully the next bubble will take several months (or even years) instead of just weeks. The fractals of the bubbles are remarkably similar, but they are getting taller, longer, and with longer intervals between them.

Eventually one of them will be where the s-curve goes "vertical". Then the exponential growth phase will be done and the price will exponentially level off.

it can go up or down, either way am ready

still i have this idea that it will christmas dump cause everybody expect it to explode like 2013

then 2017 is moon

Ha!! frikkin awesome gif m8! . I loved makin those when I was a kid!
I'll be sure to fire off a few of those bad boys if when we hit $800  

Good morning ladies and gentlemen of Bitcoinland.

I see we had our first real correction/profit-taking since passing passing $800 and it was pretty lame.

We're almost all the way back to where we were when I went to bed... $868USD at Bitcoinaverage.

This bull run doesn't want to quit just yet.

Keep on rollin'.

I already have enough BTC but just bought 6 more.....


highest price I ever paid per BTC..... I screwed up didn't I lol.... nooo crash incoming!

I like it when you beg for cheap coins... 

I totally agree. $1000 is a small stepping stone in this moon bound mission. Nobody should sell their entire bitcoin worth at $1000.

4-5 months?  Trump goes in office in a few days.  I wouldn't be surprised to see some type of large scale economic events that affect price one way or another sooner.

If you're in the US have your dad purchase through itBit. I've found that anything over $5,000 is best to go through them. You have to pay for the wire transfer but the lower exchange percentage makes up for it over $5k.

The big-blockers need to fork off already so that we can get on with Project Bitcoin, Satoshi's Vision and not this twisted Kore-Coin crapola.

If we don't, price will continue to stagnate.

Bitcoin has the potential to benefit in infinite ways from the global economic turmoil that is around the corner. In this way, BTC's price could spike to unimaginable highs. But it will never happen with no scaling solution, BTC simply could not handle an increase in 100 million+ users. There is no time to wait 5 years for this imaginary "Lightning Network" to suddenly manifest from vaporware into reality.

FORK IT ALREADY.

The first major drop this month was over exaggerated news on China cracking down on bitcoin, when all they did is tell BTC exchanges that they can't market bitcoin with depreciating yuan, and that they should also cut down fake volume and simply warn customers that bitcoin is volatile. Not only does this show China's understanding of bitcoin, but it seems they are also taking a balanced and prudent approach with the long-term view in sight.

This drop seems exaggerated as well, BTCC says everything is business as usual. It is pretty evident by now that China does not intend to ban bitcoin nor limit the exchanges in a meaningful way.

So given what you know you tell me if the drop from $1160 to $790 was justified over the China news alone. It seems like a combination of a much needed correction accelerated by exaggerated fears of China cracking down on bitcoin when they are not. You either believed that bitcoin had no business being at $1000 during the entire run-up or you believed that it was about time, that bitcoin actually deserves to be at $1000 and that it needs to start getting expensive relatively soon for it to be sustainable. If your sentiment turned 180 from the climb to $1000 to now then you're being played by emotions and have no idea what you're doing. If you invested with the long term vision in mind I don't see any reason to panic, this is a gross over exaggeration of China's stance on bitcoin.

Also, I'm not a trader but isn't this the perfect setup for cup and handle?

And also, my dad wants to put $30K into bitcoin, you're welcome. Actually I didn't even convince him, I showed him how much I'm up on bitcoin and he asked me why I'm not selling... you guys know why, I told him there's no limit to the BTC price and things are looking good especially when the rest of the world isn't, and he's been reading up on bitcoin since

I don't understand this argument at all. How exactly is Core a central authority and how do you solve this perceived problem of trust by instead trusting this other 'central authority' called BU? I don't need to trust Core at all, I don't worry they're going to break Bitcoin one day since the consensus rules are not easily changed and requires the entire ecosystem to pretty much agree. If BU was the main software that ran the network I would be very worried though, since with them I am not so sure the consensus rules wouldn't be changed on a whim. By the way Core is not a company or corporation and doesn't speak with one voice, anyone can contribute to it and a great number of developers with diverse opinions about many Bitcoin related issues do and peer review each other. Let's not throw away what we have here because we're impatient about scaling Bitcoin or disagree on how to do it exactly.


How does Core exactly engage in censorship and breaking promises? They have done none of these things, it's this kind of talk and theories that fuel the flames of division. Say it often enough and people start to believe it. I've seen a lot of open discussions about how to scale Bitcoin and in the end it all boils down to a simple thing. Most Core developers but also many experts outside the Core community believe that it's important we keep nodes relatively cheap to run in order to keep the most important aspect of Bitcoin which is decentralization. Onchain scaling therefore is limited and will never be able to support global adoption without sacrificing decentralization, so true scaling to meet global demand needs to come from 2nd layer solutions like lightning. I personally fully agree with this. There are people who disagree however and don't think it's a problem if nodes can only be run in big datacenters, and although I think that's very dangerous it's perfectly okay if someone has that opinion. However you don't need to be a rocket scientist to see that this is a very contentious issue and there's no way that Bitcoin can just hardfork to satisfy these people. So why the need for all the strife and division? We can all just agree to disagree here, we've discussed this long and hard enough by now. Complaints about censorship on a Bitcoin subreddit does not change anything. I have pretty much seen and heard all the arguments for and against a hard fork for a simple increase to 2MB, Segwit as a soft fork or Segwit as a hard fork (+ increase). Segwit as a soft fork is the only viable option here that has any chance to be accepted any time soon, and then hopefully a hard fork later if enough people calmed down again to allow consensus to form for another increase. People just need to learn to not get caught up in the drama that's mostly instigated by those who see Bitcoin as a threat and want it to fail.

Back above $1K, and not a single Average Joe around me knows anything more about Bitcoin/blockchain than they did in 2013, or even seems to care.  This is amazing.

Now I know why they call them "late adopters".  I don't blame the really old, the really young or the unborn. I blame the older, middle-aged folks who have money to invest, but are just too plain ignorant to see the financial change tsunami that is coming.  By the time they finally look up, Bitcoin will be well north of $10K.

I remember my grandmother still writing physical checks for everything, 7-8 years after the rest of society had moved on to using the debit card. She finally used one a few years before she died, and I remember the look on her face.... she was blown away at the convenience. Priceless.

I remember me getting on dial-up on the PC in my bedroom, when my parents though I was in there "hacking" ala War Games style.  They thought the internet was and always would be just a toy for nerds.

I remember carrying around a clunky Treo smartphone (which was actually smaller than your average smartphone today), when literally *everyone* thought smartphones were for nerds.  Especially the women, lol.

If you own one bitcoin you are in the top 68% richest people in the world.

If you have 100 bitcoins you are one of the top 8% richest people in the world.

600 bitcoins and you're a one percenter.

http://www.globalrichlist.com/wealth

of course it's the rest of the world. and there are several billion people who have to rent or steal the pot they piss in.

1000 is a nice mark but i wanna see 100k's BTC ATMs installed all over the world

Never going back down to $800 there mate.
NeVeR!

Is it possible that we go to Mars? Or are we going to stay on the moon for now?

Look at you.  Party pooper.

We have a 5% price increase in 24 hours and a 10% increase in less than a week.  Seems like this whole upward and ongoing price migration situation is going pretty well, and the battle for the ATH has not even begun yet.. has it? - even though I can see that the volume of the past 24 hours has picked up a little bit, those levels do not seem like any kind of battle...

Accordingly.. it seems as if both sides have yet to really employ any kind of meaningful ammunition in regards to our current and ongoing upwards price migration situation.  

Do you see things otherwise?  glass half full?  overly anxious?  expecting more? , which one is it?

I am sorry to spoil the party but...
s we are approaching all time high, the transaction fees are spiking as well !

https://bitcoinfees.info/

We have now just broken through 50 cents per tx for the 3 blocks fee !

The network is bloated and reacts to the bloat by an increase of transaction prices to try to limit the increase in transactions.

That's NOT a good thing folks 

for what crash are you talking about? Do you see how the big sale orders are eaten like chickens?

really bro what are you talking about?

800?

An early good morning Bitcoinland.

Up early for medical appointment but still missed the action. Let's see how we're doing today.

Another leg up - check.

New ATH - check.

Broke $1700CAD - check.

Auto-correction - check.

Heading back up - check.

All is well in Bitcoinland... currently $1268USD at Bitcoinaverage.

It's almost hard to believe that a couple of days ago we were worrying about things like ATHs and gold ounce parity. Now we take them for granted.

Onward and upward. Go Bitcoin go.

I am still hodling.  Husband is less of a hodler than me and has been selling systematically.  Our strategy is to follow the "SSS" plan.  https://bitcointalk.org/index.php?topic=345065.msg3697405#msg3697405

Compared to 2013 I feel much less emotional and more level headed though.  I understand how getting too emotional during rises is dangerous and it is better to just have a logical plan in place and stick with it.  

I think we are on a brink of a bubble.  Of course depending on what happens with the ETF this coming week will determine how quickly we see the bubble take off.   I fully expect to see prices in the $5000 range but I have always been the optimist in regards to BTC, hence why I was willing to hold since 2013.

It looks clear now that the ETF will be approved and there will be a pre-announcement in 3 days, this Wednesday after the market closes in NY. There is enough information floating around now from government employees that know someone who knows someone who knows something.

The pre-announcement will have just enough information to leave some doubt but will also be enough to bring the price closer to an equilibrium in the event of a full ETF approval announcement. The last thing a government fish-head wants is to be credited with spiking bitcoin by 200%, so pre-announcements and copious leaks is all part of the plan to get it priced in beforehand.

Thanks Elwar for being the go-between again, your help is appreciated.

Excellent ETF analysis from kegman83

https://www.reddit.com/r/BitcoinMarkets/comments/5xtgjc/megathread_etf_part2/dekzecs/

Clue me in on the joke.

Just because I occasionally read bitcoin markets and post there doesn't make me a day trader, I am and continue to be an investor.

Sideways consolidation after week of ATHs ... most excellent action. Bullish AF.

This BU Woo shit stinks or wtf?! Is that guy high on meglomania? Rogue majority miner is inviting some serious hurt to open up on his sorry ass.

I think BU is a good idea. I realize you don't know me from adam, but I assure you, I am not a fucking idiot. Certainly the evidence of my position in life disproves the assertion.

Mr. "I'm gonna defraud a million bucks from daddy under false pretenses" (bystanders might ask Dafar what I refer to here)

I note you make no argument -- only sling shit -- in your screed.

Oh look - new material edited. OK - amongst the ad-homs you do say one thing at least defensible:

BU may never achieve critical mass. As neither has done Classic or others...

...As neither has done The SegWit Omnibus Changeset.

It is hilarious how much panic a few BU blocks can cause.  Even if BU becomes the majority, it won't fork until a large size is coordinated with all the relevant actors.  Nobody in their right mind would mine a block bigger than 1MB before everyone is ready.  If they do, fuck 'em.  But all the smallblockists are shitting themselves over nothing.

I always tell people to invest more than they can afford to lose when it comes to Bitcoin.

https://bitcointalk.org/index.php?topic=843822.0


TL;DR: YOLO

Best time to buy is when there is blood in the streets right?

Do you have an island picked out yet?

So if we hear nothing tomorrow can we relax over the weekend and resume being "on edge" Monday?

They can still say yay or nay Monday right?

why is the SEC doing this to us

ETF isn't even a good thing for bitcoin.  It's in fact totally pointless for bitcoin to have an ETF.  The only purpose the ETF serves is an exit scheme for the Winklevoss.  Now they have 200,000 coins they need to dump on a bunch of insolvent and illiquid exchanges unless they can find OTC buyers.

One of the critiques was from Professor Bitcorn stating that 50% of bitcoins are owned by less than 1000 people. Mark Zuckerburg alone owns almost 30% of Facebook and yet they are just fine with listing his little fund. Many companies list their stocks on the exchanges with most of the ownership belonging to two or three people.

And that high percentage number goes down over time as we all see the early adopters dump a large amount of their coins periodically.


I am willing to bet that they do not hold all future ETFs to such a high standard. I would be willing to write to the SEC during any open request for comments to ask if the new ETF fulfills all of the requirements that they rejected Bitcoin for.

i'm feeling bearish again... ( selling coins will do that to you )

delusional bulls are done chasing their magical unicorn.
time for reality to set in, NO ETF == billions are not going to pour into bitcoin, NO ETF == No reason to hodl.

BTC doesn't have a catalyst to go higher right now so people see a stable BTC price and will go into altcoins. Hence the pump. after the pump i assume money will go into LEGIT projects. BTC should be flat next few months

First they ignore you.  <--- all other crypto/altcoins are still here
Then they laugh at you.
Then they fight you.  <--- Bitcoin is here now
Then you win.

People don't realize that 'they' (the powers that be) are now circling Bitcoin like sharks, trying desperately in whatever ways they can to slow it down, set it back, or kill it forever.

'They' have run out of physical/technical ways to try and hinder or bring down Bitcoin (e.g., 0day bugs/hacks, DDoS, MtGox insolvency, exchanges hacked and/or going offline, FUD/negative news, etc.)

Now they only have one real play left: Social Engineering. They load up the forums with shills/trolls, trying to split the community and sway public opinion against Bitcoin in general.  They prop up and promote other alt coins now as "Bitcoin 2.0" and "way better". They string along and stall a Bitcoin ETF ruling for years, only to deny it at the 11th hour and laugh. They have even managed to gaslight former prominent Bitcoin proponents like Gavin, Roger, Mike, and big Chinese miners with false information or outright bullshit (Craig Wright is Satoshi, anyone?).

Once this line of BS fails, and it will, the next wave will be direct head-to-head Bitcoin competition: Gov't sponsored/endorsed Bankcoins, and eventually Bankcoin ETFs.

Believe it. You read it here first.

r/BTC seems very angry about that exchanges announcement. i interpret that as a good sign.

The shit storm is already going on. BUcoin hardfork is already priced in!

That is one hell of a weekly candle....


Don't fight momentum.. 

So anyone care to explain why this whole BU fork FUD just happens to come up immediately after the ETF disapproval?  Hmmm?

You guys are getting played.  The pumpers ALWAYS come up with a reason to DUMP following an ATH.  If they can't exploit a hole, hack an exchange, or DDoS the shit out of one, they'll find another way.

The new way is pretty simple: social engineering based on emotion.  Make something trivial about Bitcoin into a big deal, create troll/shill accounts to divide the community, push $$$ towards alts and tout them as 'Bitcoin 2.0', and get everyone whipped up in a frenzy.  And short-dump on the way down.

Apparently, 90% of the time it's gonna work every time. Because bitcoiners are a bunch of overgrown whiny babies that can be easily manipulated.

Social engineering done by MSM aimed to help HC but in the end couldn't fight overwhelming facts. This is why DT was elected.

Sounds to me like you actually did panic

did you buy back already? good luck, mate.

Who's buying the dip??

I stepped in at a perfect moment, just in the middle of the triple digits, knowing that my invested kapital would never be harmed  . This floor is way above my entry point what reduces the stress

Here's one for ya

Bitcoin Plus! lol   Its only up 686%

Well, transaction fees to get into next block are now $2.18, so bitcoin is now more expensive than an ATM.  This means it's usage as a currency is rapidly dwindling and putting it into settlement network only territory, except it doesn't actually function as a store of value like metals, so not useful as a settlement network.  The fundamentals just don't make any sense in that regard.  I assume the bitcoin traffic will also begin to spill into another coin looking for lower fees (probably litecoin).

I am in.

Profit in what? A currency that will likely go away in the next 10 years due to a debt bubble and more wars?

I stay at work mainly because it allows me to continue my high risk investment without worry of starving if it goes to zero. If I were to quit I would buy real estate or something that will sustain me for decades.

Suprise twist, ETH goes parabolic

easy to say in retrospect. and who knows what tomorrow brings? ethereum is storing up plenty of its own problems for the future. bitcoin might well be in the clear by then.

going all in during any pump doesn't make sense. the time to do it was in 2015 when everyone was at maximum indifference.

Going from a low of 200 to 2900 is not 'parabolic' enough for you?

Wow, greed.

And Bitcoin is not ever going to do 1000% in month or two, or even years. It's too big now, and it would take a Herculean amount of money now with like 500X leverage to do something like that, and there would have to be an unlimited amount of coins on exchanges (which there are not).

If Bitcoin ever spiked like that, I would be very afraid.

bitcoin doesn't have the ico/dapp hype that's turning into a feedback loop. that was a genius move on their part for as long as it lasts, which won't be much longer.

throw away 5% of your stash on shitcoins and see what happens. all you need is one to go places but kiss it goodbye before it goes just in case.

and didn't you put alot into xmr? aren't you up on that?

Trust me, it will get there. I wager we will see a $5K floor, yes floor, by the end of 2020. Supported by miners and by true long holders. Bitcoin will be seen as the only sensible crypto and the true value play. The price of bitcoin will of course continue to increase into the future, but likely more slowly over time. I guess we shall see. 99.99% people have yet to even buy some.

All the other shitcoins are supported by nothing but the pumpers and FOMO hype. When all that changes, and it will someday, the ICO market will get fully labeled as 'SCAM MARKET' and the sensible people will never return there again. They can only pull off the mega scam once.

https://bitcointalk.org/index.php?topic=1976062.0


What are those guys talking about......

That the price is gonne drop down??

Im gonne hold But i want to understand are they panic??
There talking bullshit??
Whats going on??

So the original wall observer chain won out over all of the fork attempts.



 BULLISH!1

These are the questions. That's for sure.

What kind of fool would do that?  Silver is at cost of production or even below it for some miners.  Silver is a far better buy than BTC.  Next metals bull run will probably be gold $3000-3200, silver $90-120.  If there's some type of big economic event or lots of printing, gold $5000-ish, silver $166-$200.  If they're forced to revalue gold entirely in one act, gold will be set to $10-20k and silver will be astronomical.

And the price keeps creeping upward. $2300 before morning (EDT)?

Last week is beginning to look like an aberration. The almost 2-year-old uptrend seems to still be in order.

It's funny how a little panic-inspired dip of less than a week's duration had so many people talking about bursting bubbles, bear markets, and the death of Bitcoin.

It seems a certain honey badger had different ideas.

There is a little risk, but you can lend for 2 or 60 days max. It ussually gaves 0.10% but because of speculation about aug 1st is giving like 4% daily return. there is no way to it to not be payed, because that money is used for margin trading.

I have been lending in poloniex for 2 months, it really works.

The lowest loan offer right now is 3.1%.

The risks to loaning on POLO are listed below.
a) A flash crash happens and the POLO program doesn't call the margin in time for the loan taker to pay you back.
b) Polo's program has an error and you do not get your funds back,
c)Your Polo account gets hacked, and someone manages to steal you coins when they are not on order.
d)Polo becomes insolvent due to coins getting hacked/embezzeled/seized.

This month?

As in July?

He's not stupid, he knows there's 900+ craptocurrencies and there's more incentive to create your own new pump and dump like Ethereum rather than be forced to buy someone else's already cornered scamcoin.  There will always be a market incentive to create new coins as well rather than people paying $5, $10, $100, or $1000 transaction fees.  The greater fool concept only works if people actually need what you have.  

If Elwar corners all 21 million bitcoins, guess what?  It doesn't mean anything to me.  I can just ignore him and go on with life and use metals or create my own craptocurrency to bypass him.  If I corner all $40 billion or so of above ground silver, you don't get to bypass me since it's actually a non-virtual good that's used in lots of things.  A "virtual commodity" as a concept definitely ranks up there as one of the biggest economic scams of all time.

The market cap of above ground silver and bitcoin is similar now.  Bitcoin is no longer some cheap penny stock.  The US gold vs debt chart with 92% correlation shows gold will hit at least $2200 in the next bull run, which would bring the GSR to 30:1 or lower ($73 silver).  Bitcoin would need to hit $12,000 to compete with that almost guaranteed silver upside in the near future.  

But that's a very conservative number for just a stable market situation.  In a real crisis situation and rush to hard assets, gold would be more like $5000 and $166 silver or more.  Or a government metals revaluation of gold to $10k and silver to 1:15 ratio of astronomically high numbers like $600 silver.  Bitcoin would need to be able to hit $100k each to compete with that possible silver upside.  It will never happen.  Big corporations will just create their own scamcoins and try to force people into them and the crypto market cap will be divided up between 50 different coins (also due to poor scalability and high fees), unlike the metals market where you can't just "invent" a new gold or silver and are forced to buy the real thing.

Good morning Bitcoinland.

Slept in a little later than I'd planned today but I see I didn't miss much.

No big blocks mined yet, minimal price movement... currently $2732USD (Bitcoinaverage).

The day is still young but this could be a big non-event. Then again, let's wait and see what happens when the first >1MB block is mined.