lol china bans bitcoin again.

y u always do this china

Something big is about to happen... I can tell because Kraken keeps timing out  

The charts are still saying 900 EUR. So i keep being pacient. First a little up move to 1000 EUR, after that we go down to 900 EUR according to the charts. They were right so far so why not !

Of course, Stamp remains one of the best barometers, but of course, when you are considering or discussing price movements, you can use other barometers as well, but if you make a post that is based on some other barometer, then you may want to indicate which reference point you are using.. and maybe sometimes use a couple of them, at once.

ETH is already at 20 billion marketcap  

This will be a complete bloodbath once people realize that no real use cases for ETH exist...

I don't want 8k in January 2019 :-/

Stop pretending any of these coins are better than the other.  Zero of them have fundamentals.  0 is not > 0:

None of them remove middlemen or counter party risk, therefore have 0 fundamentals.  Or to put it differently, whether you like or dislike him, Martin Armstrong defines metals as being a hedge against government.  Something that doesn't remove middlemen is obviously not a hedge against government, because as I stated before, transactions are not blinded and the govt can just walk into the mining buildings and claim anyone who doesn't worship them is a terrorist and has their transactions blocked.  

Entities like the G20 will obviously form such policies.  This makes it a permissioned ledger or tyranny by default.  What is bitcoin a hedge against?  NOTHING.  It operates on the govt's infrastructure and it costs virtually nothing to run a police state in the digital world like when Iran supposedly shut off access to Telegram recently.  On the other hand, the cost to run a police state covering the physical planet is almost infinite orders of magnitude higher, and thus not possible.

Just because you're too stupid to know that bitcoin has built-in middlemen, doesn't mean they don't exist.  They're called transaction validators, aka miners.  They also demand a ransom usury fee to to allow you to spend your own money.  Another permissioned ledger trait.  This is why most PoW coins die when the mining reward runs out.  Nobody is willing to pay the usury ransom they demanded that was subsidized by block reward (an unsustainable ponzi in practice).

If the bitcoin block reward runs out, people will simply shift over to some other coin that still has a block reward going so the miners are temporarily subsidized and they don't have to pay it, or someone will just start a new coin with block reward so the ponzi starts all over again.  That is the point in which you would be forced to switch to some shoddy bullshit like proof of stake so the thing doesn't instantly collapse.  But proof of stake is also useless being a closed entropy system.  Checkmate metals.

I hold Bitcoin because Bitcoin is a hedge against the whole banking system.

Keeping money out of baking system, being able to transfer your money no matter what. These 2 are enough to make bitcoin a thing. When I transfer money to some other country banks ask too many questions. They can seize your money for no reason. I know the Bitcoins I send will make it to the other side no matter what. I know no government can steal my money from my BTC account.

If you think these are unimportant why are you even here? Gtfo to where you came from.

~snip~

Wow went down to 9200

Forks? I don't know - I was told I will get so many forked BTC - got 0 !! - had all my btc on Binance at the time of forks - binance wrote that they will give forked btc - still 0 there.


Last fork - Bitcoin GOD - and where it is? Nowhere

If i put my savings into a bankaccount im 100% sure it will be worth less next year.

Investing my savings into BTCitcoin brought me way more then i could have ever hoped for. I dont trust banks with their government issued money with my savings. I believe in decentralised limited supply. Thats why i invest in bitcoin.

I pay with fiat, save in BTCitcoin. HODL 4 life.

its big bank "babe"  https://en.wikipedia.org/wiki/Nordea

but important is what neocons like necron and macrela  say on Gay 20 "semmit"

MUUHAHAHAHA   ===>

" I am going broke because bitcoin crashed... (moving back to my mom's house) "

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

 

weee

Visa decides to eat Ripple:   https://usa.visa.com/visa-everywhere/innovation/visa-b2b-connect.html

Price is too high, ppl feel like there is no reward for investing at such high price

no one wants to buy 0.00001 btc

also btc can't buy you a burger or a cup of coffee , so it's useless

If you weren't inclined to sell at $19k, then you shouldn't be inclined to sell now.

Just buy more at intervals on the way down. You'll eventually be glad you did.

Or you can wait for a trend reversal, but you may be waiting a long time, and then when it turns you'll just be chasing it back up.

Who here doubts that Bitcoin will be at $50k by 2020? I don't.

If there was ever any doubt that CSW is Fake Satoshi, a con man, and a liar:

https://twitter.com/ProfFaustus/status/955425740820008960

Just look at the way he responds in discourse. The real Satoshi never ever responded to people in this manner, with snide derision and trying to one up people. NEVER. That guy is a total fraud.

Tether isn't a problem. All dollar bills printed have nothing backing them. There doesn't exist a single bank that could pay fiat to their customers if they all demanded it at once.

The lack of reserves is hardly a concern, since prices are dropping due to wall street manipulators trying to make their shorts work as best as they can.

That becomes a problem though the minute everyone wants to get out for real fiat.

Fractional reserve bitcoin market == bad.

so you just hope that nobody is going to redeem the tethers for real USD? ... that might happen faster than you think, especially when price will go lower than 10k$

Yes please that’d be great. I don’t have an android phone so I haven’t been able to claim my bitcoin gold still through the Coinimi wallet.

That's what MtGox did.

Didn't I see another post in this thread that gave a pretty decent rationale?  

It seems that the ongoing spamming was costing a pretty decent chunk of change on an ongoing basis, and it was seeming not to pay off, and it was also seeming to have some opposite effects too.  First of all the cost of keeping it going, and second of all it was causing greater financial motivations for the implementation of lightning - which was not a desired outcome.

I hear that, but if you go to the BCash threads they are postulating that the miners are going to abandon BTC in droves due to the fee loss.

I'm actually looking to pick up at least 1 S9-performance-equivalent miner, just to keep a single system mining for the principle of it, to go along my full node and LN node.

Don't want to support Bitmain.

Doesn't seem I have any other options available to me at this time.

Here's hoping those products out of Japan come online soon, or dare to dream Bitfury ever reconsiders coming back down to earth.

Go fuck yourself, Jihan.

How much lower can this possibly go? Got a feeling I’ll wake up tomorrow & see $6xxx

lol

bcash lovers..you can spot them from miles away.

If you are all so 'convinced' it will go even lower, why not dump now and buy back later?

I can understand. But I see it as the same risk (as god knows if it will go up or down) as keeping it now.
I prefer taking some profit now and be able to buy back when it hits the true bottom. Or buy back on its way up again, even for a higher price. The difference in price is the cost of my insurrance.

ICOs are panicking and cashing out all the BTC and keeping ETH.  Eventually they will also dump ETH on capitulation.  

2) You didn't have that punch magnet face as an avatar.

Lol must be a "considance" that all major BCash supporters are slimy salesmen/politician.

The level of shadiness around BCash is really extreme, like all the shit from crypto gravitates towards it.

Are you buying Litecoin Cash?

Yeah, break the dominance by having more competition in the industry.

It's a crying shame others have not risen to challenge Bitmain's dominance.

Cobra was getting a severe honeybadgering yesterday on twitter - 'he's in league with Jihan' 'he's a bcashist' 'always thought he was dodgy since he came back'...
And he won't debate out his points.

Jihan could have 51%ed bitcoin for ~2 years now, but he hasn't, because unlike the little snake he isn't a complete twat.

for now, pow change is a reactive measure not proactive

my new secret crush has a video on this, might watch later https://www.youtube.com/watch?v=KI3SBTqJUtw&
Under the Microscope #2 - Proof of Work Changes
JW breaks down arguments against performing a Proof of Work change, and why such a fork would be more detrimental than helpful.

Yuh I posted mine before reading yours, but that has not changed my mind. The analogy is faulty. If Jihan shoots, we get a flesh wound THEN change pow. And the shooter dies. We brick his hardware. Simples.

A different question, now: how do you invest in precious metals? Do you actually buy silver and gold ingots to store, or do you purchase ETFs? I would like to include some general silver indexes in my portfolio.

Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.

This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.  

I've been considering running a mining rig simply for the education it would offer but I'm on the fence knowing that it may not be profitable and also realizing it will likely change drastically in the short term future. I also don't want to buy from jihan with bcash some overpriced, outdated box.
I mean, I seed my torrents properly and I'd prefer to contribute to BTC pools but where to start today?

IMHO the only thing that can justify PoW change is Quantum computing attack on SHA2, and Cuckoo Cycle is Quantum resistant btw. Doing it now is jumping in the abyss just for the sake of change.

Twitter media aren't working well, no suitable MIME type and stuff. I found a link to the full talk on YouTube, but it's almost 1 hour long. Could you provide an approximate time or a YouTube link to the appropriate time?

http://flappening.watch/
which is shittier litecoin or bittrap?

Absolutely. Strong melodies are what most audiences want to hear, not noodling nor technique wanking.

I tried all the exchanges and I ended up with Okex because it was the only one that worked for me today, even now exx.com doesnt work, but you are right Okex is the worst price for UBTC, better check the others just in case they are working for you.

Feels a bit sad all these forks coming to and end, its been real nice while it lasted.
The only ones I'm waiting on now are Lightning Bitcoin (LBTC) & Bitcoin Atom

Right after someone says "the next 24 hours are critical"

What does this mean?

I checked that page, but I don't get the point. It seems to have been written in 2017 and updated.


The statements and predictions are generic, and there are whole orders of magnitude between alternatives. Are you being serious or sarcastic?

Not only irony, but they keep talking about Bitcoin. Like they don't care, but they really really do care. They don't even give BCash as much discussion compared to how much they talk about Bitcoin.

If they really thought that BCash would win the future, they'd never be talking about or mentioning Bitcoin again. It would be in their rearview.

By this time it is obvious we are going to test 6k. So if BTC goes below that my guess we will see 3.25k in near future. Trump tarifs, rate increase, Russia, you name it. All of those bringing markets down.

...BTC is not meant to become the definitive payment method...

Not when they can provoke a massive panic selling, making the price drop to uncanny and unimaginable low levels.

Remember, they can print fiat money out of nowhere and at any time. Fiat money for them is infinite, and that's where most people base their perception of value.

The ensuing crisis from so much printing will be blamed on crypto, prompting legal persecution against it.

They were able to manipulate the price to below 8k in a matter of months. And this with only 10% of volume in the exchanges, the rest locked in personal wallets.

The solution is for the exchanges to create a private conclave and put a stop to it, blocking any trade below the mining value, with full authority and in a very artificial and biased way. This should be a international private conclave to protect crypto against the sharks from the banks and governments.

Erm, guys, i don´t get how to get UBTC. Couldn´t a helpfull soul direct me ? Thanks ! I´m always offtopic, i know, but can´t help myself.

yeah they do... their sex pets must always at all costs accept those little pieces of papers they can print at will...

anyway, I read a lot about the venezulians bitcoiners... what about the iranians? SCO security and safety from the globalists roaches + cheap and plentiful nat gaz... sun, gravity... I mean... the next china?

can they produce a decent hasher?

next 24h are critical.

Anyone who thought BCash was just free money? Well, guess what, taxes. Every fork claimed in 2017 is taxable income, whether you sold it or not. If it was worth more than $1000, you need to pay taxes in the quarter you claimed it. Otherwise, guess what? Even more penalties and interest owed on top of your taxes.

Another way to look at it is longterm holders were given what was possibly a once in a lifetime shot, and some of us sort of blew it.

Blockchain prostitution is sort of interesting...

Looking at the uptrend lines of the past few years, it looks to me strong support at 4-5k. If we hit that support the downtrend could be over soon. Anyways , I hope we do not go that low, but it appears possible. Maybe we go as high as 8k in the current rally and then back down?

It is the 2nd time Bitcoin rejects to go above 8,250$ which means we are having off a little resistance in that level. RSI is on the 50 level which means it is neither bullish or bearish but the MACD is still on the bearish side. We might have a little correction and Bitcoin might go down at 7,500$ anything bellow that will mean a continuation of the downtrend. Also to put a lot of confusion Bitcoin has formed a converging triangle which is really showing us that the market is still indecisive on where it will go.

so only when we go below 3k we go up high ?? joking ..... ?  you see in a crystal ball ...

they jacked his phone account, that can happen to anyone

I'm gonna love quoting you in a few years, trying to gain pennies in front of a steamroller.
Starting to feel like an old timer, seen your type come an go. All noisy when some profits are made, completely silent when inevitably heavily burnt.

Please don't poke the badger!



edit: Oops wrong one

Which is why bitcoin is not about to replace it. There are many "alts" already doing so instead.

Bitcoin may replace the gold sitting idly in vaults.

Back on ignore you go.

Permanently.

On a lighter node. Screw lambos. I'm want one of these.

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

What? You've gotta be kidding me. Have you compared the commits in github pages of some other altcoins like Ethereum?

I'm all for bitcoin and i will never sell my coins until i truly need to but you gotta get your head out of that smelly thing. Check your facts because wrong arguments invalidate the remaining of your statements.

Adoption

McAfee is right


2016 There was only me

2017 I know 10 people get in who did not before

2018 Another 30 wanting to get in but hesitant

Adoption

adoption, I don't know what is. Took 4 years for me to get what was going on.
You sound like an irrational gambler, rather than being committed to some kind of reasonable cause.

 So I'm guessing you are either terminally ill, live in Zabol or have a tiger nearby?

that would make it double cap of bitcoin.. very unlikely

anyway, if it goes wrong, i can still blame bitserve for posting it here

 It's becoming more obvious why living is such a gamble for you.

Bitcoin at $95M/btc in 16 years? HIGHLY doubtful. Can I smoke what your smoking?  

The relevance is, if someone wants to use crypto they are not forced to use bitcoin, and altcoins absorb market cap that bitcoin could have had, lowering bitcoin's price in the long run and also removing arguments about scarcity because crypto is anything but scarce now.

Rolex watches are collectors items (not utility) and timex watches are used for telling time. Rolex and timex are not in any competition or similarity at all. The total market cap of all rolex watches is less than $1B and money supply is not a limiting factor. Rolex and timex are not competing to be the entire money supply. This analogy makes no sense.

My General strategy.

1) I try to keep my bitcoin and crypto to no more than 20-25% of my net worth.
Some may think this is low, others too high. This what I am comfortable with. This includes realestate etc.
2) With price appreciation in the crypto portfolio , I generally recycle out profits to three areas, stocks, Gold, and US dollars ( short term).
A) Stocks I use for income and capital appreciation.
B) Gold for long term stable holdings ( relatively speaking)
C) US dollars for buying more Bitcoin or to withstand bear markets.
3) Generally I am recycling some alt coin profits into BTC and Gold right now.
4) I got involved in Bitcoin in 2013 and have maintained my position. ( total number of coins ) While harvesting profits and recycling them into other assets.

Goals:
1) I want to maintain my total number of BTC
2) Recycle out some profits from trades for other assets or increased life style.

I am definitely not as big a holder in BTC as some of you, but is has been a great ride so far.

There is a huge difference based on your start point.

Someone who puts in 50% of their wealth is weak hands.

Someone who puts in 5% of their wealth and allows it to grow to 90% should be strong hands, especially if they have already taken out twice their original investment in profits.  

Real estate as an investment is ok if:

1. You own it outright, or are actively working to own it outright

2. It pays you back (e.g., renter or leaser income)

3. It has some appreciation

Otherwise, it definitely isn't an "asset" unless it meets those criteria. It is a liability. I cringe when I hear people talk about their home as an "asset", especially when it's not paid off and they have zero intention of ever selling it.

Just curious, are you saying this from experience? Were you at one time a landlord?

Dude, real estate is totally appropiate as Bitcoin discussion.

What do you want to use your amazing profits for in the future?

A lambo? *THAT* is a totally NON-asset.

*THIS* is what I want to be able to build for my retirement when the time comes (I already own the land in the perfect location... but won't start developing until I am fully covered for life):



Or this, with a more modest budget:

my future house paid for with btc




when iron man is finnished with it

like this?

It's you who need to be mobile not your fucking real estate!

And how much is that boat you posted? Several million dollars? You can instead have a handful of "modest" properties spread around the world for that much. *THAT* would be mobility.

No, really, how much is that boat? (not even considering fuel, maintenance, staff, etc...)

 I seem to recall reading about some brand new $300k+ Beneteau where the keel just fell off, instantly sinking the boat and killing the guy.

Ahem. I did that, except it was 40 years old. It is also extremely seaworthy.

See that's what I'm talking about. That sounds like a yes vote for a new thread! It seems like there are a surprising number of people here who are interested in yachts/boats.

Do you even sail bro? Ropes, equipment... clothes of all the fucking things...? Stuff gets replaced and fixed over time.

Quote the second, what you want is the smallest boat you can tolerate. This is newbie sailing 100.5.

What do you prefer?

1st row: Bitcoin
2e row: Bits
3e row: mBTC
4e row: Satoshis

I disagree. It's awesome and easy peasy to send small amounts of btc from my Trezor to my phone wallet to spend from there. Or just spend directly from the Trezor. All safe and secure.

You don't have a lot of money. For those who do, HW wallets are not optional.

Completely off the record and with no proof, what are your holdings? Just as a ballpark figure.

Now Btc $98xx, when its $6xxx-7xxx I thought its a joke. So I didn’t buy any, now its hitting 10k soon. What should I do ?

buffet recently purchased 75 million shares of apple. IMO apple has no future, no inovation, always the same shit. I was using mac products for years but since a few months I'm a happy huawei user.

flail around much?
lol this is a bear trap, nothing more

not that is known about.
i meant like wick down to 5800 and shoot back up

Doesn't anyone else think Elon Musk's twitter was hacked during that spat of them saying "Change your passwords!" due to their own breach of the database of all their 450 million user accounts?
https://cryptopotato.com/elon-musk-will-bring-humans-to-mars-and-cryptocurrencies-to-the-moon/

Why would a ceo of a billion dollar company use "u" in his tweets?

If you and your buddies are only buying $2k to $3k coins each or even $10k worth of coins each, then you better have thousands of buddies, if you expect that your joint efforts are going to have any kind of meaningful possible effect on this bad boy.

Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?

I got into the boat in 2013, but sold all my stash in 2015 because of reasons, would be a multi-millionaire now didn't get me bitter though, that's just life.

But back I am, hopefully smarter this time, started to rebuy in Nov 2017.

With none of these cycles occuring since the invention of Bitcoin we dont really have an indication of what this chart would do to Bitcoin prices. Some may actually theorize that a crash would occur in speculative investments like Bitcoin. There was a banker irl warning me in 2014 that I had 3 months to dump Bitcoin because he had some secret inside info from conferences with world leaders that a credit alteration was coming that was going to cause the apocalypse and riots and crash all the markets especially Bitcoin. That credit thing never happened but I wonder what would have happened if it did?

Nothing to worry about for the long term guys. I assume you’re both willing to HODL until 6-12 months after the next halving?

That’s when the real fun will start, what we’ll see until then is just posturing & whales playing around.

6-12 months after the next halving - 1 bitcoin = over $50,000

Going further down than expected. Anyone know why?

Polo just stripped it’s users of there freedom today. Bitfinex did it last week, big things are happening behind the scenes. Get ready! Something big is happening.

The bottom of the bowl is forming.

This is the point on the timeline when the idiots who found out about Bitcoin for the first time in Nov '17 dismissed it then as a FOMO bubble, then look at the chart and smugly confirm their suspicions. Then they take the blue pill and forget all about it.

Then 2 years from now, after they have all but forgotten about Bitcoin, will see another meteoric rise on the price charts and in the news and will be crying, "If only I had bought some back then. If only. I missed the train again. I am such a fool. I should really buy some now."

 

On the positive side, I think we may see 9k later this year, (before 3k), so another chance to sell if you aren't prepared to HODL through the winter.

Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!

https://www.xe.com/currencycharts/?from=EUR&to=USD&view=1Y
"Existencial crisis in eu"  
La or koreatown .. yes there is  

You kid, but amusingly enough, I just got back from a meeting with the new local dudes taking over my portfolios since I moved.

((( They ))) are pretty much saying the same thing. The next two years out are looking pretty gloomy according to all the charts, graphs, and shit they rolled out for me to eyeball.

Dude is getting me set up with some senior analysts here to start looking into a possible portfolio rebalance, and we'll see how things pan out.

I'm not worried at all as I'm hedged both ways; both in crypto and fiat, but, seems like it's time to pucker up and possibly get ready for some choppy waters.

I bought and held GLD for a while and it was the most fucking boring investment ever.

Gold is isolated from direct factors of economic growth but silver is an industrial metal

The difficulty increased by 634 billion which is the largest increase in the history of bitcoin. The increase in this period alone is nearly equal to the entire network difficulty 1 year ago.

I came to the same conclusion. I do think we are in for a long bear market, and we won't see a new ATH by end of 2018. We might by end of 2019/2020. Who knows, we could be wrong but I highly doubt it. Something that I have been pondering is that BTC has had significantly more exposure during 2017 than it has any prior year. Now that everyone knows about Bitcoin and many people bought it, how will this affect BTC in the long term? Surely this bear market won't be similar to prior ones because of how much more exposure Bitcoin has received.

My retirement went from living on the beach in Tahiti with the price over $10k. Then living in Thailand under 10k. Now I'm on a ratty old bus on my way to Cambodia.

Not many countries cheaper than Cambodia. Please don't drop any further.

Looks like the mainstream finance guys are blaming the dump on that shit Korean exchange. Which they say got hacked for $40 million, which is weird since that's close to the amount the asian whale sent to an exchange right before the dump.

Risk management.

"Have you been following your trading rules?"

why is it that when BTC is in heavy waters all kinds of doom scenario's are spread.
And why is that when BTC in clear waters the sky is the limit.
IMAO we're somewhere in the middle now, and will be for some time.
Last drop as theymos said seems unnatural, most recent FUD about subpoena's being sent to multiple amercian exchanges at about the same time seems like perfect timing.

bitcoin is fucking dead
i believe it will go sub 2k soon

Sauce?

The Russian's.?

Yes. It seems like mindrust omitted an /s mark that looked superfluous. It wasn't.

Interesting video from a YouTube channel I follow. Funny enough we’re at $6.5K today which is the key support level mentioned in the video, and let’s see if it breaks below this due to bot or institutional pressure or whatever and then hopefully bounces up as a False Breakout like Alessio explained. I still think the long-term exponential growth line of BTC from 2011-2018 is intact, and that’s what I’ll be basing my investing on! Long live the King!

I will just leave this here:

https://www.youtube.com/watch?v=xdOt7UUAPiQ

 

On topic and good points.

It is likely that propaganda funding is causing a considerable deal of the lightning misinformation, but in the end, it is also likely to work out in the wash because the better tech is going to prevail, and those of us investing into bitcoin have decent insight as to what is the better tech and we are able to buy and accumulate our coins for cheaper based on a lot of normies getting distracted either to sell their BTC or not to buy BTC based on such misinformation.

Does anyone own a shitcoin?  
http://doiownashitcoin.com/

I left Germany in 2016

Meanwhile, Bitmain is launching it's brand new Antminer S11 miner.   Those into mining might be interested as it's a presale period atm with the first 1000 rigs going to be shipped on June 20-28.

He's known for being an uber-bull, but he hasn't been discredited yet.



TLDR: logarithmic trend isn't broken unless we fall below ~$3,200.

Edit: ECB, you're thinking of an old timer. There was a Parabolic Chad or something like that. Parabolic Trav was inspired by him, and took up the mantle when "Chad" disappeared.

It's a common misconception, women don't like to feel unsafe. Big SUV like Escalade actually leads to women, it's cheaper for a few times. Also dogs:

https://youtu.be/UcvHSmF28qc?t=191

Same here. Even if I don't have any intention to sell for years, over $10K makes me feel fine... this prices makes me depressed.

WTF is going on with the sudden volume. Holy sheeit !!

Hey mindrust, dude, likely you have been in bitcoin as long as me, since your bitcoin talk account was created around the time that I made my first bitcoin purchase in late 2013.

In other words, you have had around 4.5 years to establish a decently "loaded" bitcoin position, no?  That should be a sufficient amount of time to feel that you have established a "loaded enough" position, no?  

What be taking you so long?   Can't we go up, yet?  

The whole bitcoin community should not be waiting for you to get sufficiently on board, correct?  

If so, why?

Are you saying that in 2013, 2014, 2015 and much of 2016, you were not stacking bitcoin?  Even if you had stacked a small amount of perhaps $100 per month ($25-ish per week), you could have stacked a decently sized BTC holdings by the end of 2016, no?

O.k., so pretty much you are saying that you made some profits in 2013/2014, when you sold because you were able to buy those nice things with the profits.  However, perhaps 1) you ended up spending both principle and profits on your nice things, 2) you did not recognize the investment value of bitcoin until much later, so you did not buy many bitcoins between 2014 and 2015, 3) you said that you bought some bitcoin in late 2016, but that was not enough (or was not very many bitcoins), 4) you seemed to recognize the value of bitcoin late - in 2017 and perhaps even in late 2017.  

These are really tough circumstances, and still I gather that it is very unlikely that you really did learn your lesson and really do recognize the value of bitcoin. Hopefully, you can just engage in a kind reasoned approach, and just buy back with reasonable amounts of ongoing dollar cost averaging rather than attempting to bet on either the direction of the market or engage in a kind of gambling.

It seems that even if you have screwed some things up in your recent bitcoin perspective history, I think that if you continue to dollar cost average into bitcoin and attempt to learn from your mistakes and attempt to employ incrementalism strategies, you could be doing very well, financially, in 5-10 years.  Personally, I don't think that you should attempt to rush the matter, because you will have a greater likelihood to take rash actions, like you already have done in the past.  Anyhow, hopefully, it all works out and you can attempt to play the long game, and please keep in mind that sometimes I may seem to be harsh on people or lecture people for gambling too much, but it is mostly because I don't think that gambling is a very good way to approach the matter, and if you do not rush the situation, there are still decent chances that you can build up your BTC portfolio and  things are going to work out for you.  If you end up gambling and playing around too much with alts and things like that then the odds of your personally profiting are not likely to be as good.

Jinx confirmed!

I'm not implying anything. I'm saying that it is needlessly confusing.

Marketing is everything, no matter the product. What kind of problems would a blocksize increase have caused that makes it worth confusing well over 99% of the world as to what the fuck they are getting into?

You're thinking adversarially because you have the historical context of previous attempts that were squashed by governments. For Bitcoin to survive, it must be small, nimble and able to run anywhere. Essentially a coachroach.

We can't play lose and fast with Bitcoin. There is too much at stake here. Sovereign immutable digital gold is off the charts innovation and is changing the face of finance forever

2 mb is not "big". Besides that, try actually explaining what you see as a problem. If you can't explain something then you don't understand it.

You are not answering the question. What security reasons, for starters?

I have fucking chucked the reddit post into the bin, and set the bin on fire. I am asking you, specifically, as a person.

It's not even a matter of if a reversal is technically possible. If it is, and it was done, then the entire consensus mechanism would be invalidated.

Segwit can not be reversed. So that argument is out the fucking window and into the burning bin. TRY AGAIN SEGWITTARDS.

Again, explain whatever security issues you think there are. You are turning yourself into a bad joke at this point.

Alright you are useless. Moving on.

Are we really bringing fears of the "steal the Segwit coins" attack.? To implement the attack, successfully, someone would have to accomplish the following.

A) Modify his pre-segwit node software to accept and mine anyonecanspend transactions. Most of the older software now sees these as non-standard transaction and would not accept nor mine them.
B) Have over 50% of the mining hash so that your chain would be seen as the chain with most work by all the nodes that are running software that is pre-segwit.
C)All of the Segwit nodes are going to immediately orphan the attackers blocks because they will clearly see that the block contains invalid transactions that do not follow the proper protocol for handling a Segwit transaction. The attacker will need to convince the community to hop on over to the attacker's chain. Good luck with that. Please keep in mind that accepting the attackers chain over the current BTC will effectively render the vast majority of the exchanges as insolvent. Also, since the attacker's chain will offer no replay protection, it's going to be a PITA for most users.

What did he meant by "let's see if the bears have the balls to double our money"?

According to what it will bounce to 9k?

You just pull numbers out your ass.

I've decided not to watch myself go poor anymore. Good luck everyone

    Brian Armstrong, Winklevoss brothers, Bobby Lee, Peter Smith, Nic Cary, Haipo Yang, Rick Falkvinge, Jon Matonis, Wences Casares, Tony Gallippi, Mike Belshe, Ryan X Charles, Brian Hoffman/Sam Patterson/Chris Pacia (and all OB1 team)(see edit at the bottom), Gavin Andresen, Jeff Garzik, Mike Hearn, Roger Ver, Jihan Wu, John Mcaffe, Craig Wright, Barry Silbert, Larry Summers, Blythe Masters, Stephen Pair, Erik Voorhees, Vinny Lingham, Olivier Janssens, Jeremy Allaire, Peter Vessenes, Bruce Wagner, Brock Pierce, Aaron Voisine/Adam Traidman/Aaron Lasher (Breadwallet team), Glenn Hutchins (Federal Reserve Board of Directors), Bill Barhydt and Jiang Zhuoer.

The whole Tether issue is only an "issue" if they are created out of thin air.

If every Tether is backed up by an US Dollar then they can pump Bitcoin all they want (and have the right to do so)

Brainwashed.

Lol. You obviously didn’t read the “Satoshi not Core” link. I don’t work for scammers. Nor do I work for Core scammers. Yet I repeat myself.

I hope you aren’t under some illusion that BCH is Satoshi’s immutable protocol.

I'll give it a shot.

- Non-segwit transactions require 51% of the hashpower and a private key to steal. Segwit transactions just require 51% of the hashpower.
- This decreases the security of segwit transactions. However, we assume that it will be in the best interest of the miners to not steal Segwit coins. If one of the miners were to take all the segwit coins, we assume most other miner's wouldn't recognize the theft, and the thieved coins would be on a forked chain that would soon die.

The previous part is basically non-controversial. The rest is speculation and conjecture. Anonymint and some others, such as Mircea Popescu, are of the opinion that it's almost an inevitability the segwit coins will be stolen. Here is their reasoning, as I see it:

- Miners did not want the segwit soft fork. They went along with it just to prevent the UASF
- Bcash was essentially "plan a" to keep most transactions on the main bitcoin layer, so they can protect their fees.
- If bcash doesn't succeed (hint: it won't), plan B is a future fork that will remove segwit. In this case, miners will take all the coins.
 - Plan B seems unlikely, but:
 - As more and more Bitcoins pile into segwit addresses, there is an ever-increasing incentive for miners to steal these.
 - Technically it wouldn't even be theft, as segwit transactions are "anyone can spend". You don't need a private key, as mentioned earlier.
 - Even though the majority of users would be pissed, the super wealthy would support the non-segwit chain. To them, securing their wealth is the single most important thing, and the non-segwit chain offers higher security.
 - Mining is centralized, and even if it becomes more decentralized due to new ASIC manufacturers, etc. miners will operate as a cartel. At the end of the day, they all want to make as much money as possible.
 - As we head toward the future, mining rewards taper down to almost nothing. Miners need to increasingly rely on transaction fees. It would be in the best interest of miners to maximize these fees. Segwit cuts into these fees.

Yeah right.  You think that they can really generate enough folks to follow their narcisistic leadership path?  

It seems that your last sentence tells most of it... they are not inspiring enough.. maybe they need a new leader?  Gavin Andressen?  

Symptoms: Exaggerated feelings of self-importance, excessive need for admiration, lack of understanding of others' feelings[2][3]

I thought you really have some arguments but sentences like this marks you as a bcash shill.
If you are really that smart and see problems where dozens of developers don't, join them and help to make bitcoin better. Instead you are fighting a personal war with your "enemy". I can't take you serious anymore.

edit: this looks like a pre mempool spam campaign. bring people back to legacy addresses, spam mempool, profit from higher fees?

None of mine are in segwit addresses.

Months ago I asked some technical questions about segwit addresses not having private keys, and nobody answered. Since then, I only used segwit addresses as entry adresses, but not as storage.

I dont use segwit for storage, not because of the FUDsters, but because it was not clear if the segwit adress use the same private key of the legacy adress that was used to create it, or if it dont have a private key at all. Since this was never cleared, I keep the cold storage in legacy adresses. Today, this dont make too much of a difference, since the fees are very low.

A legacy address start with 1, a segwit start with 3. This was technically cleared, and it dont matter when the address was created.

Now you’re starting to understand the game theory. Only Satoshi’s protocol can ever be secure. And that is what we are using. If you’re using that Core altcoin, then you will end up on that altcoin. Enjoy.

Hey nim nuts, the OP of this thread started the segway about my analysis of the SegWit donations issue which I was discussing in a different sub-forum. And I put all my replies on this topic in one last post.

And please do put your addresses all on Core. I am going to be laughing when you lose everything.


(this post will be deleted).

I did. And you all dragged me over here by starting a discussion about what I was writing in the other thread.

As I said, the author of the OP of this thread, started the segway. And there was a diversion of the thread talking about it.

You’re just pissed off because the facts make you look as stupid as you are.

IMO btc maximalism is bad for crypto...

Isn't steemit the most used blockchain in existence?

According to Tone Vays, smart contracts shouldn't even exist, would you agree?

60% of all the money in crypto is that clueless and invested in scams?

You could probably get passed step 1 considering you are code savy enough, I am not a developer but I imagine it's a lot easier to create a crypto than I think.

But if you just pre-mine a bunch of coins how would you ever get support from anyone or get listed? Who would support you're chain? You would have to be the only one mining it so it would cost a heck of a lot more than 1$.

I just think altcoins don't get enough credit, I wonder how many crypto enthusiast were brought in being exposed to a an altcoin first rather than bitcoin ?

Dr. Peter Rizun - Bitcoin Unlimited (www.bitcoinunlimited.info)

These two charts are on completely different scales, they dont look anything alike, and the volume hits are totally out of whack. The 100 youre pointing to also was not real and only happened on a couple exchanges due to an error.

According to some commentators on the gold standard, an increase in the supply of gold generates similar distortions as money out of “thin air” does.

John the miner produces ten ounces of gold. The reason why he mines gold is because he believes there is a market for it. Gold contributes to the well-being of individuals.
He exchanges his ten ounces of gold for various goods such as potatoes and tomatoes.

But here's the thing : the debt slavers' game won't ever change. It hasn't changed in 100 years. It was set up and designed from the beginning to keep the working class moderately poor, but more importantly keep them working as long as possible until death.

But..bbut... this is exactly what people said back in Dec 2013 when the price hit $1200. Many did unload it all then.

And they regret it now.

Some didn't. And they feel awesome right now, even after this latest downturn.

You know it's gonna happen again, and it will be even more epic.

Help me out here, I've missed something.
If that curve is maintained and roughly predicts future price, BTC is never hitting $20k again.
If not, it's inaccurate right now and so no good at predicting future price anyway.

Time to make a new forum don’t you think?

We need a forum that runs on a blockchain and nobody can delete anything. With decentralized moderation, meaning each of us separately can choose which mods we trust to filter content for each of us independent from each other.

It is ridiculous that we in crypto use a CORRUPT, PERMISSIONED, CENTRALIZED forum just like LN is intended to be.

It is so stupid to invest effort into what becomes a booty for CENTRALIZED, CORRUPT mods to steal.
 

Thats not the point, he was banned for multiposting.

After a short time he accepted his ban and stopped posting for several months.

I think that is enough and his ban should be lifted - but i will move this to Meta; here is the wrong place to discuss it.

So guys, after reading a bit aroud this incoming ETF thing, I didn't decided yet whether this event will pump or dump the price!

Plus it is not clear whether this time the application will be finally approved!

What do you think?

His country are the people, over 300 million of them at last count. Not the intelligence service. Explain to me how an aggressive warlike stance towards a massive nuclear superpower will benefit the common man of either country? Will that help them feed their family, keep them safe?

In this situation you are either a warmonger or a moron to think that the 2 leaders of these nations should not be talking to one another in an effort to maintain peaceful relations. And, are downright disturbed to think that the intelligence service are his country. Especially with the proven criminal historical record of the intelligence service.

Is this news or rumor?

My thoughts for the moment (alts not joining this rally so I expect a dud):



We have about 12-14 days now to set the "2nd top" which should roughly come out at $8,4xx again. Then, I make my move  

I just need to point out that the bear market of 2013-2015 was not exactly three years, but one year and a half. Since it covered three years, people think they were full three years, which is not the case.

Bill made a lot of money with just talking. Bill knows jack shit about crypto but getting paid to write up a speakersnote shilling Ripple.

No doubt sheeps will believe him 

Just don't rewind 6 months ago. Make sure to cherry pick the right timeline.

$3000 is nonsense. Pass it on.

I want to experience the same thing you all did back in the day.

It is really simple. BeeCash huge stop loss triggered. Bitmain is selling bitcoins to defend its corporate coin.

My worst experience in recent memory was the underground/metro system in the Ukraine. I went in May to watch my team (Liverpool) sadly lose in the Champions League Final.

I’m never going back there though, the people are cold, man. No emotion, nothing. None of them smile.

Turkisch lira in free-fall ..... time to buy bitcoin there ?  

... that is saying that even if each of us could muster up at least .25BTC to chip in to a buy within "the bottom" range, it might not be enough, because maybe we could only muster up 1000BTC or something like that (that's assuming a wall of 4,000 WO fanatics).

On the other hand, I think that the more major problem is getting all of the 4,000 to agree to "buy at least .25BTC within the range."...

If Bitcoin goes to 1k I'll be loading up on Casascius coins.

There is also a possibility that those 80% expecting further BTC price drops are going to get fucked out of their "cheap coins."

There were folks waiting in 2015 for cheap coins, and did not appreciate $200s as being cheap enough for them.

Throughout the last year I was told how "lucky" I was to have so many bitcoins. They wished they got in so "early" like me, that they were not so "lucky".

Think of all of the people selling right now. Think of all of the people buying right now. The people selling are doing something easy. The people buying are doing something hard.

Holding BTC right now is hard, it's not easy. When you do something that is hard and are rewarded, that is not luck. That is a reward that is earned.

I have earned every bit of what I have, and then some, having been through these tough times several times and not buckled.

I am not lucky. I am strong.

Looks like Peter R has better things than to come here and extol the virtues of Bcash lol.  

On the flight to Barcelona .... time for a little gambling and poker tournaments 
So come on BTC give me a holiday (short trip) PUMP followed bu a weekend pump and its all fine by me
Hope to visit a few good resto’s as well there

let BTC follow my Rollercoaster tattoo as i take off in 5 MINUTES first destination the sky

Do you have educational problems if you don't like books ...

Wu Jihan has a sense of humour. https://twitter.com/bitcoinnya/status/1035062915680759809

Wait, that's a $35 Pi and a $45 HD. A $99 product selling for $300. Suckers!

and maybe without any phone or laptop nearby 

I am thinking that you are not actually carrying crypto on your phone, and if you have access to crypto on your phone, then it would just be small amounts that would not go above capital control requirements of that country... which might be similar around the world in terms of the $10k limit?

Hey mindrust, no need for name calling. Some of us are not young anymore.  We no longer trust our memory like we used too.

  

Some of you hypocrites are talking out both sides of your ass though. You can't square spouting out "Bitcoin is money, and better than fiat! Fuck banks!" while also muttering "I can't wait for the next ATH so I can cash out [to fiat]!" Those two philosophies are diametrically opposed, in case you were wondering.  

You even take your HAT of for this kind of drops

Pffff lessons start NOW

Gonna pump so hard in here......

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Who the fuck is selling at these prices.

I bought all of mine under $600.

I didn’t sell at $20,000 so no way am I selling now. In hindsight I should have sold at the last ATH but I want to wait for $50,000 per coin.

Hindsight is a wonderful thing. We all could have sold & increased our stashes immeasurably.
All we can do now is pray it doesn’t go too low.