It's probably hard to buy a country using national fiat currencies

It will take some time till we see cheap coins

"Don't panic the price will rise and fall"

when you get wiped out.

unless we get more seriously bad news

I have (from a political point of view) more confidence that the EU won't arbitrarily decide to seize all assets of a properly run exchange* because of some fake anti-terror/anti-drug reasoning

law enforcement agencies may decide to close exchange platforms and prevent you from accessing or using any funds that the platforms may be holding for you

insight: friend of mine working in JP Morgan in London also confirmed they are kinda elaborating their own coin as we speak..  

Any candlestick TA experts? This is bitstamp Y10 chart. What are your predictions?

More poor people to put their life savings and kids college funds to BTC, so we could convert it to USD and buy more "castles" and lambos with it. Yeah, nothing better then to rob the poor with some good ol' deception. That's quite clever!

P.S. we should keep this under wraps though, with bitcoin trying to market itself with slogans of freedom and equality. We should try to act like we aren't a bounce of scoundrels, who enjoying rpietila's stupidity, because it lures in more unfortunate targets.

Really, buys and sells in the 400s are giving each other a show on stamp right now

then we would make good betting partners, since I am 100% fiat right now

I keep waiting and waiting for my cheap coins and dumbass politicians do something to convince the world that they are going to screw up everything they can screw up and Bitcoin is needed more than ever.

I wish I could have a diversified portfolio of religions to make absolutely sure I wasn't going to hell.

1. The price is, in my view, too high, because it is based on future expectations of fiat profit as opposed to backed by an underlying economy. Doesn't mean it won't go higher for the same exact reason it is already too high.
While the real compelling use cases for using btc as payment (eg bitcoin only markets, you know which ones) could hypothetically gain traction and make the btc economy worth the actual price.

the idea that they produce millions of cars just to forever stow them away (in fact, we're almost running out of space on earth to store all of them, the article implies) is laughable.

Why should volatlity decrease?

i need a fucking smoke!

Perhaps 'that guy' is the Bitfinex guys themselves.

ECB -> announced negative rates and market expecting QE to be announced in 20ish minutes. Get out of them Euro and into them BTC.

Is it really? The exchanges aren't regulated by the financial authorities.

Though even if it is, it's almost assuredly happening.

Winner in the quest for value. Some very rich men, who have more than enough to live very well, have said that the work and the drive to have more becomes an obsession. But you don't have to enroll in that quest. You say there are other things more valuable, and I agree.

A federated inter-exchange arbitrage would have the added benefit as an early warning system for gox:ings.

If an exchange started having trouble honoring its IOUs on time, that would be a signal to move your funds out. No panacea of course and it would still cause a bank run, but at least it would be better than the slow 12 month Gox fiasco where no one knew they were illiquid (except for the ones who got away with it..).

My solution is XMR.  If my balance can not be known, I can give up a throw-away wallet.  If the fact that I have a balance can not be known, I will never be targeted for extortion.

Ireland central bank official warns virtual currencies ‘can challenge sovereignty of states’
http://www.pfhub.com/ireland-central-bank-official-warns-virtual-currencies-can-challenge-sovereignty-of-states-909/

I get that but why would it suddenly rise?

I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.

And the problem is tons of people with tons of coins are expecting this as well. When it turns out nothing is gonna happen then guess what those people will do.

They way i see it is if we don't go up soon we might crash hard.
A lot of people will move their money to something else.

I think we need to stop making Bitcoin mainstream and start catering to the underworld. Want to dodge taxes on your illegal moonshine so that you can make money to order some crack cocaine online... we want you (to be Mayor of Toronto). This is mostly a joke, but honestly, we were doing a hell of a lot better before all of these classy, sophisticated, Wall Street types got involved and told us how they were going to revolutionize blah de blah blah. In a nutshell, a lot of these "legitimate" sources are actually just looters whereas previously we had a true focus on niche commerce. I mean, who the hell is excited over a 3% discount on gift certificates (and the prospects of buying gift certificates you didn't even want) or a 5% discount on this or that good but only if you buy from the official vendor (translate as 50% marked up). Why the hell did we allow ourselves to be co-opted by the man?

ah, big players, whales and other mythical beings.

well, market does not give a fukk about them.

Do not be happy this is not the end of crash! the crash just starts!

HUGE DROP incoming and will send you back to $4xx, repeat, Do NOT buy or lose everything

I have the feeling that the Mainland Chinese exchanges are winding down.  Just a feeling, no concrete news.

Sorry man, I went to bed shortly after this post. but... Take a look at the mining pool chart, all big miners are pools, that pay out individuals, so they would not be able to buy those coins. The biggest private pool mines less the 20% of the coins. That is the biggest chunk

Investing in Bitcoin later when the price bottoms or investing it in gold for the long term scenario that I think will happen (war, total collapse...).

You think you can still buy groceries when shit hits the fan?

Who hasn't cut his loose?

What am I teaching? That price does not matter. Number of bitcoins matters, and low prices are to be used for buying them, not selling.

Donate A Testicle The Payout For This Is $35,000 http://b4in.org/c7RR

Load up the trains, people!

1 year ago (pre pump)

I hate the lazy, casual sexism that pervades this thread

Bitcoin is no safe haven.
When the economy goes to shit people aren't gonna be "i'm gonna switch to Bitcoin". Many here just keep blindly repeating this. Based on absolutely nothing. Bitcoiners made up this myth. The average person won't have a clue why you think this way.

I'm sorry, but picking some elaborate conspiracy over the simple and infinitely more plausible explanation (supply and demand) is literally being a dumbass.

This market would surely require SEC approval.

There have been many things "backed by nothing" that were highly prized and profitable -- for a while.

If I had to put my tinfoil hat on...for a measly $4.4Billion the establishment is slowly buying up all the Bitcoin not to make money...but to collect them all and destroy them one day.

We are clearly still in an accumulation/distribution phase.

The end game is that bitcoin takes over all value. It is the only possible outcome.

Buy stuff with non existent money is illegal anywhere, as far I know

Quote from: ElectricMucus on Today at 08:55:17 PM
First they laugh at you, then they send in the FEDs, then you are in jail.

BTC liquidity/velocity of money really reduces its value IMO.

How long until the next bust? Will the users have their identities revealed to law enforcement? One bust is a fluke. Two busts is worrying. Three... One may start to think the online drug market business is too risky.

The history of drugs and their impact on mankind is really quite simple: they're totally bad. Nothing good about them. -- NotLambchop

I mean, in a zero-sum game where the majority is losing, somebody has to win.

You're all f---ing dead and you don't even know it, yet.

-  

To the rest of you degenerate Bitcoiners:  YOU CAN NOT HIDE!

Come on guys.
Buy cheap coins whilst you can.

I've done OK.

http://i664.photobucket.com/albums/vv10/JimboToronto/ron_jeremy_the_man.jpg

Dump it

IMO it's no use educating Joe Public about the great wonders of Bitcoin. Joe Public is perfectly content with his credit card, bank account, PayPal, etc.

That guy is among the most knowledgeable and most sane members in here.

Fiat or no fiat, people are always the same. They always try to abuse things and have profit to the maximum. Just human nature, believing bitcoin is any different is insanity.

Priceless  

*You have lost more than 1/2 of your money if you have been holding for a year.  Way to go!

Just imagine if it cost a dollar to print a dollar

He sounds like a BlockStream yes man.

These people recently put out a proposed change to the Bitcoin protocol to tweak the mining incentives achieve the following:

Bitcoin may be partly responsible for that.  Many activists who could be campaigning for better government practices and rights-oriented laws seem to have given up the fight, trusting that all those problems will disappear once bitcoin takes over the world and governments just shrivel away.

If nobody spends XBT to buy stuff or transfer value in some kind of transaction then you will all soon be hodling monopoly money. Its utility as a digital currency is what makes it valuable

Don't fret, filthy Bitcoiner.  All will be taken care of.  We have plenty of time.

http://s11.postimg.org/cpm5fq6oz/poster.jpg

There is another way to evade this risk, and it's to spread your investment money over many different assets, but how many of you do that?

and when you realise how absolutely corrupt and broken the fiat socialists ponzi scheme tax-prison farm really is then you go wtf and go all-in 100% adopt bitcoin.

I posted earlier that, as of 10/Sep/2014, there were only ~650'000 addresses in the blockchain with 0.1 BTC or more.  I would think that it is an upper bound to the number of people who "use BTC" in any meaningful sense.   That is indeed roughly 1 in 10'000, worldwide.

If we go sub 300 before a bounce

http://www.goldismoney2.com/attachment.php?attachmentid=34658&d=1362150264&thumb=1

Wait, "existential stability" of Bitcoin, the most unstable thing calling itself a "currency" in the history of the world?!

Brah, there are shit fiat currencies, fact.  Should compare the dollar to some shit crypto?
How many fiat currencies have died in the history of money?
Now how many crypto coins have died over the past year?

Average Annual Income 1946 = $2,600;   2013 =$51,017, almost x20 times.

Can't wait to see what 2015 has in store for us.

I get what you are saying, but have you asked the rest of the world, aka 7 billion people, if they give a shit about it ? I just talked to my parents the other day about money. Not once did they complained about the current banking system or fiat in general.

hello poor bitcoin fuckers.

still fighting this downtrend?

just sit tight and relax.

But then, again, if the adoption happens fast and you want to use bitcoin for microtransactions and destroy Visa,Paypal,Stripe etc, then you will have to face the hard fact that:

7 Billion people doing 2 blockchain transactions per day will require:
 - 24GB blocks
 - 3.6 TB/Day
 - 1.27 PetaBytes/year


So you will realize pretty fast that Moore's/Nielsen's laws cannot keep up with a hyper-growth scenario like this. In the end you will still have to rely on off chain solutions.

the update will be accepted by all.

if you're lucky the chain will be so weak that poeple won't see it as a threat and won't bother attacking it.

Just remember that even if you are right about the market in the long run, if you choose your entry too early, you can get REKT.

"First they sink to the bottom. Then they come up; but not right away. They've got to be good and dead a couple of days. It isn't time for these corpses to rise to the surface. They are not quite dead yet."

The real question here is "will they let us use it?"

True story. I too believe (and expressed my opinion publicly here) that BTC would've been the perfect solution for Greece's problem. If you incorporate a non-inflationary currency as a "second" together with the inflationary one, its destiny will be to gain ascendancy through superiority over the "first" one (Gresham's law). The thing is, you simply can't "decide" for yourself if you're part of the EU prison. We know that, they know that; and everybody keep silence before the people know too.

Bitcoin is the ultimate "game over" for ANY other currency if a country decides to incorporate it. I don't expect that "little Greece" will have the strength for such a decision.

I've seen stolfi battling for blocksize increases on Reddit.

i think the block chain technology is a very bad idea. it will result in a cashless society where all transactions are recorded. sounds more like another 'gather all your records' scheme..

If the Grexit really is the final decision we will see Euro/Usd at a free-fall for sure. Going to look for a short 100x leverage if I can get a decent position tonight.


Grexit would result into crushing any trust left in the Euro as an investment as well as a safe place for the big Bank money. A default also means writing-off a lot of money from the books. If this happens once it's going to take a lot to rebuild the trust.

(driven by greed).

If you insist on running a full node then you'll have to run a full node. I don't see the problem.

The worst case scenario is that someone starts spamming the blockchain with the 8mb blocks. Then, next thing you know, people will say "ohh these 8mb blocks are full, we need bigger blocks". Then you get 20mb blocks and ~3gb/day of bloat / >1 tb per year. And who is to stop them spamming the 20mb blocks and getting them full too? What's next? We'll be asking for 100mb blocks? This is madness.

Personally I don't believe that even the 750k/1mb blocks are full by legitimate transactions and not bogus transactions. I believe these bogus transactions are created to stir a "debate" about "ohh we need bigger blocks" and stuff so that we can then go on and shoot ourselves in the foot by "accepting" larger blocks as the "natural evolution".

We have to deal with a reality here: Big banks, credit cards, swift etc, don't want BTC to succeed. Bloating it is a very cheap way they can use to kill it. It's much cheaper than a 51% and cheaper than manipulating the BTC market. And it will be FAAAAAAAAAR cheaper to enable that attack vector with 8mb or 20mb blocks.

hahahahahahaha

Poll taking a conspiratorial bent.   

notbitcoinXT doesn't make any sense. if blocks are stamped with bitcoinXT, they contribute toward the 75% supermajority, correct?  why would anyone opposing XT want that supermajority activation triggered?

I lack the programming skills to see how this would slow XT adoption.

this morring the news was this http://blog.blockchain.com/2015/08/24/industry-endorses-bigger-blocks-and-bip101/

and the price crashed

the more XT is pushed the more the price will fall?

this kinda feels like the SR crash... something first viewed as a negative will actually pave the way to greater adoption

Soon bulls be like

My guess is we're going nowhere unless some miracle happens and criplecoiners see the light or some macroeconomic disaster strikes.

they want to control the fees to make a personal profit as their business model supported through investment by controlling the bandwidth .. they are like mansanto who wants to profit by controlling our food supply through poisoning it .. some people would call what "cripplecoiners" are doing corruption . "all of us" lose so they can profit.

Bitcoin will never be able to replace fiat even if it scales up 100X. or 1000X.

Looking at the 1d charts, I see a bubble from ~230 to ~290 that started when many bitcoiners believed that the Greek would rush to bitcoin as a way to escape devaluation /  confiscation / currency controls / etc.  That bubble neatly and completely deflated, bringing the price back to ~230, when the crisis got resolved and it became clear that the Greek wanted euros, not bitcoins.

Do you rely on Western Union for every transaction (your morning coffee, etc., etc.)?

"in order to keep BTC serious" as what, exactly?  Surely not money?

"Consumerist money"?  What's that?
I guess all the hype about bitcoin being "the fastest, cheapest way to transact," "currency of the internet," is just that?  BTC is not money but a store of value (a role which it hasn't been super good in for the last couple of years)?

So money is "sound" when it's super expensive to use? With sound money a 2-dollar cup of coffee costs $22 to buy?
Must use shitty fiat for real world stuffs?

Go ahead, party... You think you've already won, but you haven't

http://i160.photobucket.com/albums/t166/Sharkfreak06/ahp-711-2.jpg

Get back is gonna be sweet...

When did that happen?

Multiple winning bidders of USMS aution all win with bids considerably under spot. Each one wondering if the other is going to dump. What would you do? Dump first and lock in profits or roll the dice?

If you notice, it coordinated perfectly with U.S. stock market bull run in 2013.  So keep your eye on the U.S. stock market.  Btw, statistics say that during election years, the U.S. stock market has around ~86% of having a bull run instead of a bear run.  And 2016 is an election year.  So maybe next year is the year, who knows.

how the latest terrorist attacks will affect commodities and stocks. France is probably going to war. They might try to get other NATO countries with them as well.

Everything is a false flag for crazy nutjobs.

There is still a lot of space between wearing a tinfoil hat and believing everything what .gov says.
World isn't only black and white. But hey YOU are smart!

We're all fucked.

Private property goes pari passu with the state, more specifically with its laws. No state, no private property, because in the wild might is right: if someone stronger than you points at your property and says "that is mine" you can do nothing but obey or be deprived coercively.

FOX News vomits BS story about ISIS and BTC- Price pumps.  Hahahaaa

It is margin trading... never selling my coins.

the network still seems to be doing okay -- although it likely will reach a point where it won't relatively soon.

wow people have finally figured out it's retarded and completely against self interest to loan your coins out to people who want to dump down the price ? hot damn !

It won't happen. How will you accept something that is slowly killing you?

i think when the usd goes down (finally gives up the ghost) that bitcoin will go with it. one gold coin will equal 32,000 bitcoins. that would give bitcoin and average price of about $1000.00, or roughly equal to 1/5 oz of silver.... thats *IF* anyone even wants bitcoins at that time. maybe since no one can send gold and silver through the internet. however, with the "blockchain blacklists" we still have to see how that works out.

noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.

This is supposed to be a peer to peer network for the people, not <1 million elitists, criminals and middlemen.

So the vulnerability as you see it is that people can throw money at you? You don't feel safe unless you're wearing a money-proof vest?  A money-proof vest that weighs 100 pounds?  Yeah, I'd say we do have different definitions of "stupid".

So if I download blockchain A (and the Bitcoin blockchain), and you download blockchain B (and the Bitcoin blockchain), what do we do if, for some weird reason, we want to do business?

It's not great. Certainly doesn't make for frictionless commerce.
Pretty much the opposite of what Bitcoin (and money in general) is about.

My point was that they're only making Bitcoin less relevant (people use alts, so they don't use Bitcoin as much).
I'm not against alts at all.

So you're saying... don't use bitcoin then? Great! Scale bitcoin by not using it!

It's not a peer-to-peer electronic gold system. It's by design a peer-to-peer electronic CASH system. There may come a time when microtransactions will need to be off chain, but that time will never come if we don't get a critical mass of users first.

they could of HAVE gotten a very early ticket to the moon.

buying in the $235's would of HAVE been the thing to do, but i think everyone bought a little at 500+ and 400 and 300 and 158.5!

fed meeting is weds.. raise rates or not to raise rates.. bitcoin is up while gold and silver is down.. buy silver now while it is under 14.00 or buy bitcoins over 440.00 ?? i do not believe they will really raise rates. either way weds is the day we will find out and see what happens. i have this feeling that metals is going to get harder to obtain. i was in a shop today that had 2015 silver eagles priced at $19.00 if buy 100 or more coins.. that is still a good price at $5.00 over spot if you consider silver was $30.00+ a few months ago.. although the same shop had engelhard 100oz bars for $15.50 an oz if you bought more than one. which btw.. they stopped making 100oz engelhard bars in 2006. .. coinbase has bitcoins at $446.00 each. which is best deal ??........

Calm down comrade. If you wait patiently, you too will get your loaf of bread place in the blockchain in good time.

But don't worry, if you have any concerns, you can make them heard through our Minister of Truth, Commissar Theymos.

Why even have a block reward? People should have been paying damned fees to fund mining since the beginning... oh wait... that'd be dumb as fuck and it would have failed already.

Are you saying we should change the BTC issuance schedule, perhaps stopping issuance now? That's redistribution of wealth, and it's holding the fee market back.

Or are you saying miners aren't being incentivized enough to keep the network secure enough, so in addition to the block subsidy we need fees to be higher? How do we determine how much security is needed and how much that should cost?

Or are you saying people should pay a fee just because?

Sure, someone disagrees with you. It must be a conspiracy.

Now, if you tried really hard you could possibly imagine that some people might genuinely be of the opinion that taking away one of Bitcoins main selling points this early on might be a bad idea.

I know. Mindblowing.

And it would paint a pretty convincing cup and handle, with the cup being from nov.4 to mid december.

Can't the core devs just do their damn jobs and fix the scaling problem?

So the question is what happens after that? I also have no clue but I guess that it may be when the post 2008 game is up, everybody realizes that there is no recovery and the debt chickens come home to roost. Governments will tax everything that moves & people get the hell out of anything government, piling into everything private (stocks, gold, bitcoin, real estate). Of course we might also go full japanese and muddle along for 30 years.

Finally gunna start paying your taxes, parasite?

1 exahash/s limit to be broken tonight?

https://blockchain.info/charts/hash-rate?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Leftist extremism is not the future.  We've already reached peak leftism, peak government, peak collectivism, peak feminism, etc.  You can only go down from here in your SJW ideology.  If anything, we will return back to the culture of the 1800's and early 1900's after all this garbage collapses.

Do you realize that you have actually provided an argument for raising blocksize?

economic retardation

Nonsense.  

1.  Are you going to define and provide cut off points for what constitutes "gratuitous crap"?  Someone who is legitimately  sending 1000 tx today at the average per kb fee, does this become spam if they fail to meet your new fee targets?

2. Please use the more accurate term "charge higher fees" instead of "dissuade". Because that is all you are doing.

3. Miners are currently incentivized to produce the smallest blocks possible with respect to the transaction volume.

4. Letting the Political Bureau of the Central Committee of the Core Devs of Blockstream decide the issue, rather than the market itself seems a strange thing to do in what is supposed to a decentralized anti-fragile ecosystem such as Bitcoin.

use an altcoin until that too is abused and requires higher fees.

There's really only two outcomes without a higher or removed max block size: stagnation or network congestion failure. 

The problem is from miners, they dont accept it, and the miners control bitcoin...

Of course. Central planning has proven to be the superior economic method. The free (not fee) market is so overrated.

If you think the world has enough Bitcoin users as things stand today, you have a point. If you think that use of Bitcoin growing by a factor of more than several dozen percent is desirable, then your point is ridiculous.

For the umpteenth time - the issue is NOT dust transactions. The issue is that, with max block size capped at 1MB, the system is simply incapable of handling more than ~350,000 transactions a day - no matter the value of those transactions. Quit changing the topic. Quit putting words in my mouth. Such is dishonest.

You can't win, smallblockers. It doesn't matter who you DDoS or what other dirty tricks you pull, when the market tanks, the miners will switch to big block code.

That's a true advantage to got a leader indeed... It prevents any divisions of point of view or of development as long as he's not making too crazy decisions.

It isn't hard to see a perfect storm for bitcoin during times of further turbulence in the major markets, where negative rates are being introduced in Western economies as central bankers start to lose control.

So what do you do about the increasing adoption then? You just stop people from using btc?

we can have only a limited amount of tx everyday... Limit already reached today with maybe 1 million bitcoiners! So how do you want to reach teh billion? That's impossible!

Did I miss something?

1. The network capacity is half a million transactions per day no matter how high the fees are. Fees don't change capacity.

2. If people are forced onto layers, then the fees that go to securing the network will go to the layers also, depriving the miners of needed compensation when the blockreward gets halved. If the 1 MB limit is never raised, then the network will eventually be funded by those same half million people even if billions are using it in layers and side chains.  That will present a security problem. 

extrapolating out hashing difficulty, the mining network in a couple of years will be several gigawatts, all funded by fees because the block reward will be next to nothing. That means that fees will have to reflect a cost of hundreds of dollars per transaction if we keep the 1 MB limit! 

i'm saving myself a big load to blow on my GF's face.

Where's the moon I was promised

Not sure I understand the 10-21 SMA crossing :-/

Hm BTC spam attack is over and ETH is crashing. What a coincidence 

Geez the altcoin shilling is still strong here.
What's wrong with you guys?
Close to be out of fuel or what?

*as long as I forget that my filthy fiat transactions cost me exactly nothing, as long as I use my high-techy "bovine leather" wallet & newfangled money called cash.

Im a true bitcoin believer and lately there is a lot of fud going around about BTC, why is this?

Even cryptolovers in forums are fudding, dont understand this 

Breaking out of the channel?

https://media.giphy.com/media/3o85xoSCAZCXrUHjpu/giphy.gif

We can debate what that limit is, but it's there. 

You're one of those chemtrails fluoride anti-vaccine anti-GMO whackjobs, apparently. You NEED the evil conspiracies to explain why it's not your fault that you're such a complete loser.

I thought I would never say but this thread miss the interest only academic voice of Mr Stollfi. If you read me, please come back, I have unignored

There are a lot of people though selling their BTC thinking that this is quite a good price to sell. So BTC price might get to 450 during the weekends.

Anybody hoping to catch 'dat' falling knife & try & predict a bottom to pick up some 'cheap coinz'

Bitcoin Block Reward Halving Countdown:
Only 38 more days!

at some point they will run out of idiots to borrow coins from and then the market can find the monetary premium instead of bouncing along on the cost-of-production floor (which is ever-increasing and soon to be doubling anyway)

I thought the polls here had a history of being insanely inaccurate? Still, I guess it's gonna come at some point kinda soon.

http://www.imf.org/external/pubs/ft/fandd/2016/06/adriano.htm

The IMF ladies and gentlemen. Internet of Trust.

They still banging on about blockchain being the underlying and interesting technology while not grasping that you need a 'native token' i.e. bitcoin to use it.

You can build your own blockchain.. then you have an altcoin. but it's not going to be as secure as the bitcoin network.

Can anyone confirm that their charts as well say that $650+ is coming in a few hours?

I would have to start up another pot with profits from trading altcoin or something.

But, we also need a "BTClack Swan Event!"

LTC/USD is down. In the days of old, BTC and LTC rates would be inverse. Now, it seems to me LTC seems somewhat of a predictor for the BTC rate.  Is that just me or have other people noticed the same?

*rises 70% in 3 weeks and is 2% away from the peak*

"Something is definitely holding the price down"

there is therefore more upside potential than downside risk at this point in the cycle.

It is 06:00 ( AM ) in China ... stuff must happen!

Bitcoin Block Reward Halving Countdown:
Only 6 more days!
Reward drop ETA: Sat, 9 Jul 2016 17:30:32 GMT

What about the Goy?  Do you think the Goys of Summer are driving up the price?

not yet

for today i'd be content over joyed with a green candle to 699

.... ah no, this is complete bullshit. People were keeping coinz on finex so they could lease them out for shorting or so they could gamble with 10x leveraged (on margin) trades on sometimes very short terms ... casino speculation aka day-trading.

120,000 coins could clear every book on every exchange down to single digits. Correct me if I'm wrong.

What makes you say that? The Stamp hackers got away with the loot, didn't they?

So... Let me get this straight... A solution for you is to keep a ledger of all the addresses that the money goes by... till the world becomes a police state and you can get your money back. Hmmm??

its not a half bad deal if you consider the alternative of taking them to court  and having to wait years for what would end up being a repayment of pretty much the same as there bail-in ~65%.

hey its back up

https://www.bitfinex.com/

wtf do you think this is??? the US stock market + QE1 2 3 4?

that bitfinex maintenance surely was planned to worsen the dump

O shady crypto world

Realistically speaking the bitcoin price will have to become much much higher once those institutional investors get involved, right?

I don't think the dump is over. I think it's still going a little bit lower.

I made good profit buying bitcoins during last dump. I'll do it again. Thanks for the cheap coins.

holy molly

God knows how someone who hodls a huge amount is feeling. I have a reasonable amount and it hurts even though I don't trade or plan to sell anytime soon.

is this would be ok? http://zentrade.online/category/markets/crypto/feed/

Trump inaugurated, Bitcoin yawns.

What is the relation of BTC and Trump compare to price??

It's happening.

http://www.dailystormer.com/nazi-currency-bitcoin-hits-1000-usd-value/

DOOM!

This is the gorilla in the room.  It turns out Roger Ver is wrong because slightly bigger blocks solves nothing.  Bitcoin would require a full blown LN capacity or it doesn't really have a value proposition.  

We don't need to pander to early bitcoiners. We need squeaky clean fresh ones to pour in.

in germany no one thinks like that. it is a well shared general view here that those two ideologies were opposite to each other. and hey, we invented this fuck up, so we should know..  

I agree JJG.  I can't get away from the feeling that something big is coming, and it does look more likely that the breakout will be upwards.  I'm fuelled up 

Wo-wo-woah!  What effect is that likely to have?

fact is:

-hitler was in bed with big high finance.

please name at least one "socialist" measure, law, decree by the nazis or that touched the very core difference  between socialistic/communistic and capitalistic ideology and that is the question of private ownership. the nazis never touched it. they were no socialists at all.

please name at least one "socialist" measure, law, decree by the nazis or that touched the very core difference  between socialistic/communistic and capitalistic ideology and that is the question of private ownership. the nazis never touched it. they were no socialists at all.

But btc? It's just... An idea. It worth nothing more than what people are willing to pay for this idea.

If the state has the power to take everything from you, I'm not sure how useful a bitcoin brain wallet is gonna be while you're hammering rocks in the gulag.

What if there were so many torturers that they could use shifts

Looks like the US is heading towards a constitutional crisis at best and armed clashes between civilians at worst. Question remains how BTC would react in such a scenario? It's not a given that prices would rise imo.

So have fun creating your useless "anarchist" team of defenseless idiots, while I form my team and destroy you and the Marxists at the same time.

All I know is, once they default on the debt, gold will probably be in the $20,000-$25,000 an ounce range, and silver should see even higher percentage gains.

Why 1337 $ ??
For me will be a little lower than 1100

BTC at 10500$ (10x) would require just 6.9 billion per year to buy the annual production (657k coins x 10.5k usd).
Silver at 170$ (10x) would require 136 billion per year to buy the annual mining output of ~800mn oz.

This is not a children fight, BU is a very bad update for Bitcoin.

just to support my idea:

There is no civil war. There are some government actors planted in bitcoin ecosystem that do everything they can to generate noise and prevent accelerated bitcoin adoption.

I might buy back in if this shit sorts itself out - but this is one hell of a self-inflicted clusterfuck right now, it is not a conspiracy.

Bitcoin. Did. This. To. Itself.

exactly..but if you HOLD both ....one wins one loses...you will have NO less then 100 coins that you started with ....either BTC or BTU as a winner...then again....the coins after

Looking bearish

Ok, kids. Cards on the table. Where is the bottom? Or where's the next move up to if there's no dump?
Specifics, please. Then it will be clear who was right and who was wrong after the fact.

It's not the ETF, it's the civil war.  Sad to say but BTC needs to sort it's shit out one way or another, or it's still looking a risky buy.

Remember, anything that can fall 30% in two months, can certainly rise 30% in two months as well. 

dont hodl more than u can afford to lose is the new motto

*Edit: I bought back like 80% of my coins

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

The future of Bitcoin is bright either way, BUcoin HF or not. I'm using every possibility to increase my Bitcoin stash, the cheaper the better!

Forking MONEY is self-destructive for the system. Confusion, loss of confidence, precedent for future forks, etc etc.

Price is heavily discounted. Buy or die.

No China. If it does come back to life it's gonna be a zombie market. I think it's hard to guess the difference that will make but it's gotta be huge.

you are talking like we are in some uptrent. Get your facts strait. This is just a rebounce of the dump. We cant know if we go fuhrer down or not. First of all the reason of this dump isnt solved at all. Nor other significant news hs occured that can push the price north. This is just market movingaverage responce. Dont look at the charts on dayly or hour perspective but on the monthly movement. Thats all what matters.

Everyone that uses TA and chart signals to trade bitcoin is a stupid person. TA is a fishnet used by market makers to catch small fish. The so called day traders are just adrenaline junkies. Short term you might have some success. Even broken clock is correct twice per day. But long term you'll lose your capital. Best strategy for bitcoin proved throughout all those 8 years is to buy whenever you can and hold!

My bet we're back in 4 digits in less than 24h

I am going to hodl from now on guys.

http://money.cnn.com/2017/03/28/investing/chinese-dairy-huishan-missing-executive/

This is just the start of things to come. I imagine that there a hundreds of Chinese companies that are likely insolvent, deep in bank debt, and some possibly running ponzi schemes just to stay afloat.

This whole thing is eventually going to start to crumble like a house o' cards.

What I'm saying is that the predatory PnD'ing is moving on from this market over to Altland.  And that's a good thing, because it means that more buyers of bitcoin moving forward will be true, enthusiastic users and hodlers, and the price will more accurately reflect true demand. And that will have a more positive feedback loop.

are we going to see another dump, like happened last time the price "recovered" to above 1000?

leecoin is a very rare coin. It must go to 10000 USD

all of sudden Litecoin gains 50% value with no news that I'm aware of

for me it looks more like another pump instead a natural movement of people running from Bitcoin to Litecoin.

why would the pumpers keep growing LTC price instead of going to another alt?

No.
It isnt a pump but it breaks trough the bearish EMA line whats a very bullish sign. I am very happy with this movement. We just got a confirmation that bears are getting rekt and they dont even know it yet.

Since we didnt see any retrace over the weekend, I wouldnt be suprised at all, if bull trap awaited us during tommorrow or day after that. It wouldnt be the first time we decide to take a plunge on monday... and we still havent really retested bottom, did we?

Was just looking into it as a like-kind exchange (IRS section 1031). Doesn't look very promising.

Loompaland?

So kind of you, now more people can dump on you. Bubble popping. Time for a 1 year bearmarket from now on. Hardfork incoming because UASF will fail cuz it has not enough support. Look at ethereum, it had a 1 year bearmarket after it forked. Bitcoin will be no exception. Sell while you still can. Otherwise you can only blame yourself.

No, I'm the only honest person on the entire forum that doesn't make up lies claiming bitcoin is a more sound form of money than gold and silver.

Correction is done, it should go up again.

But don't try to second guess this market.

Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price
Bitcoin could make up 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years, according to Saxo Bank analyst Kay Van-Petersen.
Its market capitalization could grow to $1.75 trillion which would make each bitcoin worth $100,000.

Someone seems to dislike the thought of $2900 in Western exchanges. China is constitently pushing towards $3k.

Drunk thought: The stupid rise of alts is a trap to trick people into divesting btc into ANYTHING ELSE. And then pumping btc.

Oh oh. Now you dunnit. You just asked the question that always shuts 'em up.

So right now i guess it could go on
(Theory that bubbles become bigger and longer than before, i can imagine a 6 month bubble)

I definitely think Litecoin is still going nowhere, just because it has Segwit now and potentially LN coming doesn't change a thing. No one liked it and no one cared...for years now. And in the last 4 years, Chinese exchanges have quietly mined millions of litecoins (because it was easy and cheap to do), and will happily let this rise for a while only to dumpity-dump dump their millions of litecoins slowly back into the market once a downtrend is confirmed. I've seen it before, and won't be a part of watching that again. The top 3-4 Chinese exchanges own collectively ~8M litecoin.

What if your BTC stash is worth a few millions some day... Do you think your story, without any sound proof of it, will stand?

For tax reasons i can only do one sell per year. So one sell and one rebuy.
But i am paralyzed looking at the bars and don't do anything.]

ETH?  What? 

For we do not wrestle against flesh and blood, but against the rulers, against the authorities, against the cosmic powers over this present darkness, against the spiritual forces of evil in the heavenly places.

Anyone else had a gutsful of these fucking chinese miners?!

How fucking stupid do they have to be to screw the golden goose that has delivered them such riches??

Communist education must have turned off the higher reasoning areas of their brains. I mean, I can't even ... how fucking dumb do they have to be ...?

I'd expect a sharp dot.com like wash out the next few months - (years).
There is not much room for 1k coins most like we have Amazon, Google, Ebay, Apple,Facebook. That's the market and off you go.

The longer they wait, the harder it becomes anyway.

Because when hyperinflation sets in, all undervalued real/true assets will rise in value relative to fiat. And the global elite don't want anyone else to have those kind of assets.

Whenever people start yelling "cheap coinz!" I know that we're squarely in a bear market. Have heard it all before. They'll keep yelling that all the way down. 

lol? moving averages are reverse looking, not forward looking.  
(snip)

But, something useful like which sites do you recommend to buy gold and silver with Bitcoin (because I know you can buy PM's online with Bitcoin.... but can't do the opposite.. fun fact!).

www.goldmoney.com does it.

But of course there are fees involved, and you have to trust them holding your PM. Counter party risk. And possible re-hypothecation.

When the hashpower begins swinging from one chain to another it's going to get very messy and both coins will become unpredictable, unstable and at times very difficult to use. One logical conclusion out of this is when Bcash adopts merged-mining ... or the hashpower wars will drag on until the bitcoin landscape becomes derelict and eventually a failed experiment.

Deferred rewards and all that.

You are correct.  Random noobs on this forum INCORRECTLY stated that the only valid game theory path was to dump BCH (think it was derived from some nonsense Szabo fabricated).  He made the error of assuming you're required to keep one token at all.  The real optimal path is to dump both of them in event of rough consensus attack.  If you refuse to dump both for whatever reason, then the optimal path to try and minimize loss would just be to hold all of them.

yeah, someday I may have to figure out how to strip the BCH out of my antique Armory build

I feel old.

Meanwhile, Altcash has crept up to $270USD. Excellent news for those of us who continue to hold both currencies.

High iq people do actually want to improve and help humanity

if they try hard they may get the point that they are not welcome in a forum like this. but I doubt it.

Wow, so many high IQ people on this thread that want to prolifically opine on what IQ is or how it does/doesn't have value.

But not one with the insight to have any clue where this Bitcoin market is going, or why. 

Is bcc forming a cup and handle? Cause it almost looks like it. Is it?

Fuck that noise. I'm thinking $5k is achievable sooner than we'd expect.

Ooooh, BCH/BTC ratio back up to 0.11.

Quit tempting me to trade more BCH, dammit !

Well, so much for hoping to wake up to $3,500 USD/BTC.

Going to be just another boring Tuesday by the looks of it.

Pitty that 3500 USD is not just 3000 €, I was waiting for that to sell a bit... . ( stranded at 2983) 

this sucks, where is 4K dammit?

If a large portion of the miners migrate to this new fork will core tweak the software so that it can deal with the loss of hashpower and tweak the difficulty faster, a bit like bcash did?
If not I imagine that chain would grind to a halt until diff ratchets down which could be an age and might cause peeps to jump ship?
Or have I got this all wrong?
What are your thoughts?

Anyway, if I missed out on anyone if you all take a look outside now you'll see a brand new Cadillac waiting for each and every one of you.

For the past year i read news that all the rich people around the planet buying underground shelters ready for nuclear war.... i have no feelings but i think is a great move if you have the money.
Most of the people when read those news laugh but almost all times those people not have any effect on what will happen or not ..... sheeps in field are not free ...and outside have worlfs etc etc....

so i choose not to laugh with those news and hope we can live in peace end MOST important have time to enjoy our fruits from BTC !!!!

R0ach has already bought all those. He got in first.

HEY!

we bombed the shit out of the middle east and stole that oil fair and square

The boomers will have a troubled retirement.

I won't let my folks suffer obviously, but my old man is as bad as any of them from a political-economic perspective. The fact that they don't know just does not excuse what they have done. Results matter in the adult world.

WTF are you talking about?? Are you one of those ignorant millennials that want to blame your parents for all the ills of the world???

Your parents didn't create this mess. Your Government and the Elitist Oligarchs did. Grow up, grow a pair, and fight for what you believe in. Don't blame your parents.

Your parents don't fund pensions. Come back when you find out who does. In fact, come back when you find out who looted all the public pension funds and why $4.5T in unfunded liabilities is already gone and can't be paid.

You can blame the government for that shit. These systems should just be abolished because they've been hijacked by the elites.

Oh god they're back ... where is it you guys all go to get schooled/programmed with your lies and disinformation bullet points? You're like goddammned bots.
.... visions ... blah-bla-blah ... core limiting bitcoin .... derp-herp-burp ..... core-centralised ... blah-blah-bleep-bop.

Only if you think the individual can have any impact at all.  In reality, the disassociation from the EU and in particular the cessation of the bill of human rights and the jurisdiction of the ECJ means that the fascist tory government running the UK will now be free to be as draconian as they like with nobody and no body able to intervene.  

Does anybody know if there is any place to bet bitcoin on Mayweather vs McGregor fight?

Hahaha. The story has not reached its epic conclusion, but the die had been cast. If Bitcoin Cash never progresses from its current position, it will already have succeeded. But it will be much more than now. By working together, XT, Classic, BU, ABC, and others have launched a winner, poised to take the crown. All in due time.

Why don't you do us a favor and leave now? 

A person cannot make an informed decision on a subject they don't know enough about.  

This is not about centralization/decentralization IMO. It's about an open market or a closed market. It's much harder to produce (or keep) wealth in the latter. Some of the uneducated are beginning to realize what happened above their heads, and they aren't going to be happy about that.

you guys want an all time high?

I'm thinking of taking one for the team here

Thai justice is brutal. Who wants to be that snowbird sitting in a Thai jail for smoking a joint or calling the king a cock. Land of smiles, indeed.

Because of €3000, but admittedly an arbitrary number as well.

anybody else smell a correction?

I drive an 100% EV, bought from bitcoin earnings.

why dont you just admit, you prefer a 3rd party controlling btc as long as it makes you profit.lol
 You wonder why...ill tell you, because if this isnt stopped then, 6months ,1yr ltr the rules will change for all of us, the fees will go up.
All btc wallet holders all exchanges will have to go by rules & prices set up by a for profit company (blockstream and btc leader samson mow)
they have already censored r/bitcoin, next it will be the tx on btc...
but as usual im one of the first to notice( eth $1, xrp 1cent)
and the rest will realise ltr what im saying...for many it will be to late.

Interesting, I'll find out about that.

Meanwhile, what do you think of this?
http://wikibon.org/w/images/b/be/ProjectionCapacityDiskNANDManagementSummary.png

The Fed could give investors a hint about its stance on monetary policy tightening when the minutes of its July meeting are published on Wednesday.

ROGOFF: The world's central banks should get ready for negative rates in the next recession http://read.bi/2w5lraD

Bravo sir.

Personally, I like the idea that I will live longer than the US government will exist. At that point I can cash out into whatever I want to and not have to pay taxes on it.

I don't want luxury or "nice things". I want to live for hundreds of years and travel to new worlds. That will take money.

Some of you are talking about BTC at 50K$ or even 500K$, and this relatively quickly.

It looks great on paper, but aren't you worried that instead of meaning we would all be rich, it would mean the dollar has utterly crashed, the world economy is in shambles, and/or WW3 is going on ?

Seems like you want to engage in a disinformation campaign, conspirosphere, especially if you are suggesting that there is some crypto out there that is better than BTC?

I don't want to encourage you to pump various shitcoins, but which one(s) is(are) better?  You gonna put your money there?  Can bitcoin adopt some of their supposed better aspects at a later date after the supposed better aspects get tested out?

WHat percentage of BCH do you guys have in relation to the fork moment? ie: 0%, 50%, 110%....

At which rate if I may ask?

Centralized mining, centralized development, price based on artificial scarcity of coin count, fee system that doesn't work without artificial scarcity of block size.  The whole thing is honestly a complete joke compared to metals.  

Yet, these small limitations on free speech are still there, simply because they're broadly accepted, not because a tyran imposed them.

I didn't really understand what she was talking about so I asked "like what?". Her response was "property"..."or a mansion".

I just told her I would rather retire than worry about stuff.

Anyone going to walk away from crypto if BCH wins?

right?  LTC stable AF

The only question that remains:

What will be the BTCottom  

https://media.giphy.com/media/e3C4pNKkr9rji/giphy.gif

In the US, you owe taxes on the value when you receive it and then again if there are gains when you sell it.

What makes you think that the Bitcoin Cash advocates are a small group? All y'all might do well to get out of the theymos-controlled echo chambers from time to time.