Interesting. Very thin on the sell side, pretty strong on the buy side. This is more or less the same across most western exchanges that I just checked.

Broke through 800 $, broke through 770 $,
what's the next artificial & magical barrier from where on we can expect a magic turnaround & the next moon moment?

keep arguing nonsensical stuff kids .. the Trumpian revolutionary rally train is gaining steam.

No "its hapenning" meme? No "to the moon" posts?

Waiting for all those years... fucking amazing. And the fun is just starting!

I think we all aware of the ETF decision next week and we here mostly agree it won't happen and therefore....


Small dump? Large dump?

As long as you're prepared to move an average of 10-100 tons of earth per ounce.  I'm more bullish on silver, though.

Baaaahhahahahahaha

I guess the first time I posted this it got removed for not being about walls or price movement? So, I'm using the wall @1207.10 as a safety net to do small trades, anyone else ever do this?

I'm the same like you, but I'm totally aganist saying that it's easy money.

We are taking one of worest risks ever in our lives, I doubt we wilk take such risk again in our life.

Just imagine if something happen to Bitcoin and whatever amount both of us have, whatever it's 50,100,1000 or more bitcoins and suddenly, they are ZERO or want the worest, seeing by your own eyes the value taking a leap of faith from an ATH to ZERO.

And as you are aware, Bitcoin is backed with nothing, so no one will do us anything.

So simply, it's not an easy money at all, it's really tough and hard earned money because we pay with our stress and nerves.

Holders deserve to be ultra filthy rich, because no one could risk the risks we've took like us.

We deserve to be the new wealthy elites of the planet.

This train can't be stopped!
Who sold at the bottom?

So the wealthy elite can't just print money and buy up all of what little Gold there is on the planet? Or hell, do they even need to prove that they actually bought it in the first place?

From what I understand, they were trying to corner the silver market using excessive leverage. The banks changed the rules out of the blue regarding margin, eventually forcing a margin call.

So what have we learned? Welp, that's "regulation" for ya folks. And people really wanted this Bitcoin ETF thing to happen?  Pfff. I think Bitcoin would be better off without "regulation".

The bankers changed the exchange rules on the Super Hunt Brothers on the fly and basically forced them to liquidate their positions, selling all of their silver instead of buying more.

consider fiat's cost of production and the rate at which the FED prints it and INJECTS it into the economy... yet fiat is still a relatively stable store of value.

its not gr8 at long term storage...
but if we are looking to preserve some value for a short time.
cash is king.

right highly sought out rare unique items might be and excellent store of value.
a bitcoin more like these stamps then it is gold.
these stamps have a strictly limited supply. not so with gold.

 

I want to know where to purchase food directly with gold.

The bulls are back. Go bitcoin go!

do we have  a problem?

let the market speak to you and your problems will vanish

lol 3rd world problems...

There is no devs war!
There is a teenage psychopath in China w(h)oo thinks he rules Bitcoin.
Now he is going to find out he isn't the hard way!

This question might sound stupid but I have been an investor never a miner .

If the fork would damage the price that much why would the miners go massively to it ? Wouldn't it affect their revenue? Or does people like Vinny Ligham overreact to the effects of an eventual HF?

Isn't that the truth. I think most of the people bitching about it really don't fully understand either of the options. (me included lol)

Both hope to solve the same issue however. Just BU at some point could trigger the hard fork. Segwit would only be a soft fork. Just the sounds of a hard fork spooks people as it probably should lol

if I get it BU is unlimited... thx for your comment anyway.

I knew that, but I didn't realized it was that long to verify the txs. thx again for your inputs. And why not simply a 10mb block? it wouldn't be that big a difference from now...

Hashrate for BU is still on a strong rise, i guess that's the reason for that last little dump.

We'll watch that chain split coin token on Bitfinex, but I would dare say other exchanges will be offering up split coin tokens as well, should there be an interest. Some may even get clever and find a way to split against an Alt lol

What a perfect wagering game.. BU  
This could get interesting...

+1 - I was thinking the same thing. It's a ridiculous product. Not even a real alt-coin.

Suppossedly they are backing up those token with the bitcoins used to buy them.... that if you trust that they are storing them in deposit to back it

Up up up we go again people! fasten your seatbelts!

Die? Fork? Stop existing? Explode? Go moon?

Ahh thanks for explaining. Now i can sleep at peace tonight. So bitcoin will be a Tether 2.0   Still wondering how that crypto could go so flat. Must be some whales keep it stable. On topic: i dreamed about bitcoin that it would go to 200$ yesterday lol. The FUD was real  

^ Rather than "proving" altcoins work, one could just as easily derive that no cryptocurrency actually functions as a store of value, hence it being called a currency and not money.

Two years ago I was pissed when it went below $250, now I'm pissed when it goes below $1000. In another two years I'm hoping to get pissed when it goes below $10000 after a rally to $30000 or more.

Maybe, but the miners have less coins to dump than in 2014. The massive volume of coins they were mining back then suppressed the price. That's changed since the halving.

It is a future.  But we are not taking that fork 

Congratulations on your new April Fools day status as both a Bitcoin developer and an Ethereum developer. That's better than my new April Fools day status as an ETC grand poobah. I had forgotten about the April Fools day tricks here last year, and was caught unawares by my new status.

lol wtf is Waves?

Not everyone's a fanboy, this guy's an apologist instead. Would you rather keep your expert status, or switch to being an apologist? There are a few devs who should apologise for creating coins, but they never do.

Try to pump etc with those $0.14 then , york would be pleased a lot , it is his favorite coin  

Just
"Do it!"
every sat and cent counts

what the heck has the price so disparate at finex? (i haven't been on the forum or following news for a week or so...)

This market is flat out fraud.  $30 spread between Finex and Bitstamp.  Since we all know Bitfinex is an insolvent exchange that trades against it's own customers and also steals their money, I'm guessing that spread is also propped up by non-existent money just like Gox.  Why are people willing to put up a $2 million buy wall on Bitfinex but no other exchange to try and prop up price?  Because Bitfinex probably isn't even using real money, just imaginary exchange digits.  

I've been saying BitFinex is the new Gox forever and here it is.  There is no valid price of bitcoin as long as Bitfinex is the market maker.

The current chart looks like shit and is forming a down channel and you got fraudsters on Bitfinex trying to manipulate it up with imaginary money that probably doesn't exist:

Now, don't hang on, nothing lasts forever but the earth and sky
It slips away, and all your money won't another minute buy

Spam everywhere. Really interesting to watch.
For the sake of innovation keep on spamming.
Thanks Jihan Wu & Roger Ver.

You callin my transaction spam? HUH? ARE YAH, PUNK?!

where is the evidence of some kind of "fraud?"

We have a difference of opinions with the whales on Bitfinex and the whales on Stamp... and the others are waiting to see which way we resolve.

I don't understand what the evidence of bitfinex fraud is, at the moment.

I think that you are engaged in a bunch of unfounded conspiracy theory speculation, here.

Yes.  There is risk to get involved in various exchanges, but so far, our system of price finding happens through exchanges, and until we transition to some other system, exchanges seem to be a necessary evil.... or at least part of our current world.  

Let's see.  Maybe some day exchanges will become a thing of the past, but they are a thing of the present, so we need to live in reality rather than wishing that reality were something else... or act like reality is something else.

It must be a trick by the whales, hmmm CONSPIRACY!!

Bitcoin: 77000 unconfirmed transactions and an All Time High.

Makes Sense  

Something tells me someone shorted the market. Could be wrong... but ..


If you had any hope the ETF would get approved, call me clairvoyant but my guess is NO.  

Now would be a great time for the thread's price prediction poll to come back.

What do you think Bitcoin's price will be on June 1st

>$2000
>$1500
>$1000
>$500
>$20

I guess $20. lmao  

Unless I'm misunderstanding, it seems to targeted towards funny images and memes. I guess this thread will become dull and humorless now.  

It still mystifies him that Bitcoin becomes a new form of digital money and store of value because of people's belief in bitcoin's core attributes as money (i.e., permissionless, deflationary, scarce, utility, divisible, fungible, etc).

Or just use a Mixer for Coinbase, or send to another exchange.

I don't think Coinbase has something against mixer. Or do they?

I know several people who are very similar to you.

They do not invest, and they continue to tell people to pull out their principle, protect themselves, protect themselves, so yeah, I don't know at what point you kind of people get in.  Maybe once 30 to 40% of the world are in, then you will get in?

Anyhow, sometimes we have to invest a bit and then just stay the course and just write off our principle.

Yeah, nothing wrong with cashing out a bit here and there to protect ourselves, but we should not be so narrow sighted as to be worried about retrieving our principle because we may end up leaving ourselves under-invested in a highly appreciating asset.

You do know that an ice age has already started right?? That will last for a short period of time 20-30 years, but it still enough to attempt a decimation of the human race and trimming the current population numbers!

Everyone looking forward to the weekend dumps?

Litecoin's gonna breakout hard, charts bullish......one of the few alts (monero too) that isnt scammyish.

Re-buy at $200 then we can start all over again?

We already had a small experience of that type of scenario with the US government Bitcoin auctions. Bitcoin survived and is worth ten times what it was at the time of the auctions. Satoshi's coins aren't enough to destroy Bitcoin, the project is now too big for that.

The price crashed at the time of some auctions, but pumped about the time of the other ones. Although it's true we didn't get a strong bull market until after they all finished, there were other factors holding the price down.

We had Gox, China bans Bitcoin, the Bitstamp hack, the Bitfinex hack, etc. Every time the price started to go up another disaster crashed it. Besides all that Bitcoin had pumped from $2 to over $1000. It was due a correction after those gains.

The price has languished for so long now that new disasters don't seem to affect it a much. Maybe it's due to go up simply because it's been languishing.

The long period where the price languished between $200 to $300 was what I was mostly referring to. It's only become exceptionally bullish since the start of this year when it broke the ATH. I'm hoping that within anther year we get a 1000% increase on today's price.

Yeah, speculation built upon speculation built upon speculation makes your scenario 1 in a million, so therefore, why are you talking about it as if it were likely?   

Of course, assuming that Satoshi is a real person.  Assuming that he has not figured out some way to either burn those coins for ever or to transfer them to some covert entity.

The safer assumptions seem to be that those coins are never moving again, unless some hack figures out a way to break into them, and even then, they are stored under multiple addresses, correct?  They have multiple private keys, correct?

In other words, you seem to want to spread FUD.  Either you already sold or you failed to buy and you are seeking to pick up some cheap coins, right?

LOOK!!!!

We have a benevolent FUD spreader.

You even seem to tacitly admit that you are engaged in exaggerations.  What's your purpose?  Just trying to shock us, or serve as a contrarian to the circle jerk tendencies within a bull market?

You don't feel bad, or you generally think that there is some kind of service to exaggerate actual information?

That's called trolling, no?

Aren't there a lot of ways that you can actually use real facts and real probabilities to make your points without so much drama and unlikely speculation?  I know we are in speculation, but geez!!!

...  I always prepare for the worst and hope for the best.  

I had a nightmare that the price dropped to $300. The nightmare part wasn't that the price was so low, it's that I could not get to a computer to buy more as I watched the price shooting back up over $800 finally getting to a computer but I couldn't log in.

But I thought $5,000 was a sure thing? Where are all the $20,000 BTC advocates?

If you are going to shit your pants any time Bitcoin experiences a 5-10% swing, maybe cryptocurrencies are not for you.

This days anything above 20-30% in less than 24 hours would be a "shitable" event. More so after all this years of stability and profits that probably have converted us into pussies.

Looks like Marcus is hallucinating after being exposed to a little too much digital rat poison.  For every dollar bankers spend trying to supress the price of gold and silver, an equal amount of money is spent trying to prop the bitcoin bubble up.  The same people are fully capable of raising or crashing both assets, yet they allow bitcoin to rise while trying to crash the other and allowing all the sheeple to pile into this one.  Yea, that's not fishy at all!  It's blatantly obvious the R3 group of bankers props up the Ethereum scamcoin on Poloniex too.  They don't even try to hide it.  

Stop pretending 'designed to centralize' bitcoin is somehow "defeating" the bankers.  The only way you're beating the bankers is by dumping this imaginary bubble asset that doesn't function as a store of value and purchasing what they don't want you to buy - gold or silver.  They're desperately trying to ban cash and force people into a digital only slave system, so cryptocurrency is just subsidizing your own eventual enslavement with how easy it is for them to co-opt bitcoin.

Am I wrong or to store $1Mill in silver one would need almost 2.000KG of silver?

That shit could even break the floor unless you live on a basement.

How can that be a store of value when you can't even store it itself? (Not to mention move it around with you).

Good thing probably noone would take the hassle to steal it from you.

I guess a technology to detect densely stored metals is already well developed, isn't it they use to find deposit fields inside mountains to mine it then?
If they can develop such a detector, that would be not impossible to make something to detect the 2,000 Kg of silver you buried in your backyard.
But I think it would be harder to involuntarily extract a 12-words seed from your memory...

Lol when those chinese bastards are outta game my CPU will gratefully do the job.
While there are perhaps some hundreds of thousands of AntMiners there are BILLIONS of CPUs and GPUs happily waiting to start mining Bitcoins and the only tradeoff will be a minor increase in energy bill.

AFAIK every two weeks the difficulty is recalculated, so the worst scenario would be 2 weeks with no blocks mined. After that the difficulty would be affordable for GPUS.

it started to fall right after you two posted..  

ok, i put my buy order for fun at 2115 [testing how it feels catching falling bear ]

I followed that link, then listened to https://soundcloud.com/heryptohow/roger-ver-on-craig-wrights-the-future-of-bitcoin-speech. I must say that he has a fair point regarding scaling. I would agree with him, but I certainly don't like the prospect of less decentralisation due to more expensive node tech.

I guess it's down to a choice between two compromises.

Either way, I really think bitcoin is going to split much like Ethereum did.



edit: the only way to avoid a split that I can think of is to accept Segwit2x for now, then get consensus for much bigger block size over the next year...

It's not stopping till at least $1600's; better delay that check.  Anyway, there is no reason for bitcoin to exist ever since ASICs were created, so let this shit implode with 500 forks and then Luke Jr (or Ruke Junya as he is known in China) can change the PoW algo to GPU mining and bitcoin can have some type of reason to exist again.

Well back up about 100.000 since my first post this morning, Ill take that as a little rally  

Monero disagrees (so far).

Bull trap or the bottom has been reached?

Opinions?

I think this is the best you'll ever find, a box with consumer cpus and gpus and call it ''asics'': http://1stminingrig.com/pandaminer-b1-plus-review-8x-rx480-gpu-integrated-miner/

Not sold a bean and not planning to.

Who's with me? Who is strong enough?

I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of.

Good question. Most probably you'll end up with BUcoins.

Forgive my difficulty in keeping up with all the changes, but isn't Bitmain going to be adopting Segwit2x, thus not doing BU after August 1st?

In retrospect, even my hindsight is bad. Who waits years and years for an insane pump, gets one, and let's it slip away without taking profit? Hodling is a habit that's really hard to break. 

You'd better withdraw all your bitcoins from Bitmain before 1st August!

So how many exchanges are on board with UASF? How many wallets?

UASF has neither mining majority nor economic majority. I wish it was different, but that's the reality.

It has horrible code. One of the hardcoded seeds is basically an anti-privacy (chain analysis) company by Garzik.  

bitcoin 101 for newcomers (apparently):
1. you download your bitcoin node client and start it up
2. the node goes through a series of hard coded IP addresses to connect to one of them. these IP addresses are for reliable, always up, nodes (that is why they are hard coded anyways). you connect to one of them.
3. end of story. you are now connected to the bitcoin p2p network and receive the rest of the IP addresses from the nodes that you are connected to via a specific message.

1. when you open your node again. restart or whatever. your node has saved all the IP addresses of nodes that it successfully connected to before. now it has a bigger list.

where is this DNS thing you ask,
it is only a fallback method in case your node failed to connect to any of the nodes (hard coded IPs which are reliable nodes that are always up and responding) or your list of previously connected nodes. it connects to the next source to find IP addresses of the other nodes to connect to.

in other words the "casual user" will probably never even use them!

Buy  the dip 

Buy the dip is a fools errand. I'm not even sure buy the crash is wise at this point.

too much chaos/uncertainty =1200

What a drop. Why wasn't this thing settled years ago? Couldn't Satoshi just implement this into bitcoin the code from the start and bypass this?

What?

I know there is a lot of old bitcoiners here. One thing make me think that we are near the bottom here. Even at very low electricity rate we are now at $4,85 per day reward for mining with 1 S9.

I am sorry but it would make no sense to mine losing money. That would mean Bitcoin is dead.

So can somebody who think BTC is going to $1250 or below explain to me how that would work thinking that at that price every miner is loosing money.

I mean we all love bitcoin but there is a limit I suppose.

Ok for the holders, but we are not in a proof of stack. They may not give a shit but I don't think the miners give a shit of the big holders ?
I mean no miners no decentralized blockchain ?

I keep all of my btc on a ledger wallet and only +-20 on kraken it Good like this or to put nothing on kraken ?

If everyone dumps to $200 and then everyone rebuy...... it will not be for $200. SImple math. If everyone who sold is thinking on rebuying we end up where we were before.

Take another hit off the crack pipe, and deal with reality later (I guess)

Lets watch and see what happens you stupid bastard who can't read a chart.

Scaling debat is reaching it's climax, Segwit lock-in incoming soon.

If there are no problems prepair for a sweet price increase.

FrankenSegwit isn't as great as you think. If it prevents a split on August the 1st, that will definitely be a good sign. However, we will experience the same problems again before their flag day HF.

John McAfee is taking bets:


https://twitter.com/officialmcafee/status/887012614131372032

Send legal contract bet to:
John McAfee
98 Scott Street. Lexington, TN. 38351


I would definitely take a $500k bet knowing that in 3 years I can sell one of my bitcoins for $500k to pay off the bet happily. Or he gives me $500k. Win win.

Ten blocks till the start of next BIP91 activation period... everybody waiting for wangchun and slush.

That effectively translates to "coinbase will confiscate your BTC" (on one chain).

If you can dump them, you want them

IIRC, BCU options (bitcoin unlimited fork options) were like 300$ apiece - and it wasn't even a likely fork

I think he'd be better off with the cigarettes tbh

In such scenario you better stock up cans of food, guns, ammo, gas, and any other useful stuff. There will be plenty of people trying to exchange their useless jewels for real stuff.

"Money" in any form is ONLY usefull when there is excedent of resources.

And that's how you get your cigarettes back 

I don't likem.  Eagles if the premium is low ($2-$2.25), maples if they're not, and 10 oz sunshine mint bars.  Anything less would be uncivilized.

I think quixotic is how I'd describe this idea of living a Grizzly Adams lifestyle in a post-apocalyptic world.

When all that people and more go on the wild to find anything to eat... you won't. You better adapt to eat some other human beings before they die of starvation themselves.

And right there is where r0ach try to do something with his silver... yeah, right....

Why not do both?

How you posting pics ? Imgur aint working.

The point is you are not REQUIRED to expose yourself to any 3rd party middlemen using metals as a settlement layer like in bitcoin (the miners who demand rent).  The energy input >0 required at all times for bitcoin to exist at all makes it a debt based system in practice.  Metals are not a rent seeking vortex; they exist with no energy input; they're not a debt based system.  You cannot use a debt based system as the base settlement layer.  It's completely absurd to even suggest it.

Yeah, not to mention that r0ach is only right about metal being non-debt based while it's sitting still.

But just try to move that metal as payment anywhere but to a bubba sitting right next to you, and transaction fees will be required.

And if you don't move it for payment (don't take possession), you introduce counter-party risk and re-hypothecation.

 I've also been approached recently but it's always about mining ETH.  I tried so often to introduce my friends to bitcoin that I'm no longer allowed to mention it.  If a newcomer arrives and asks about Bitcoin, everyone else at the table will groan or leave...sometimes both.  You can take a horse to water...

Hehe, it often happens that new adepts are more zealous than seasoned ones...

As a partial excuse for you, they do have a real life example/guide, while you didn't.

As its only the present that really matters, the choice for you is, do you have the balls to be more zealous now, or will you will risk  being sorry again in a few years.

I don't keep my coins on exchanges but does anyone need to remove the coins? I mean isn't BIP148 now not going to happen since segwit will be in place before that date or have I got this all wrong?
(Still a little confused about the whole thing).

So there is going to be a HF for sure on that date? Is that the Jihan fork?
I have my priv keys on a ledger nano S so presume I am ok?
(Sorry if I missed some vital info and your having to repeat).

So does all of Jihan's/Antpool's hash power go BitcoinCash after Aug 1st?  

If the parasites (Jihan, Ver, ViaBTC) all move their hash away from bitcoin... I hate to admit it but that makes BTC less secure overall but it's also nice to get rid of these clowns.

What's stopping Jihan, ViaBTC, and Ver to market dump their thousands of BTC after Aug 1 to plummet the price and freeze sales of BCC to artificially pump the price... making it appear as if BCC is the winning chain.

Antpool is now signaling SW...

I gather you've been (are still?) a miner, so your opinion has weight for me.
Please help me understand.

The cheap (subsidized) electricity argument... yeah, that is probably a show-stopper
However, wouldn't an assortment of algos make life harder to monopolists/producer firms by forcing some kind of specialization?
Besides, they might have GPU farms (I believe they do), but in that case they would still be competing with homespun rigs set up by people who fire their computers anyway, mining or no mining. At the moment, given the monopolist market, few independent actors have modern mining equipments able to compete. Do you think the number and power of "independent" GPU's is too small to be significant?

Speculation on electricity costs vs. value:

Lets say mining costs (electricity costs) significantly decreased in the next decade or even became free. Would this pull the value out of bitcoin's POW? Or perhaps more nodes could run and value would be placed more on the security of the network.

Surely decreased energy costs would be a global change and difficult to predict.

i'm not liking that there is no option on the poll that says: bitcoin will rise all week up untill Aug 1st at which point it will rocket up +500$ as the BCC market crashes down down down to the lowest low ( SUB 100, maybe even <50 ) and appears to die on arrival.

cuz ya... thats watsup.

How to know when the bottom is reached? I have been following the trends and sunday always seems the most deep it can go, and it always tries to recover in monday.

the trend is pretty clear ... whenever killerpotleaf (adam) and jbreher (bear) show up here to spread more HARD-FORK-NOW! FUD and stir up the natives then price is going to drop.

pretty sure they are both on WuVer's payroll ... he throws them a few bitcoins to spread FUD whenever they get the word.

roger@bitcoin.com

you may have to convince him of your loyalty to the cause first ... whisper sweet nothings in his ear "Your blocks are so big Roger" ... "Everyone wishes they had big blocks like you Roger" ... you know things that stroke his ego and relieve him of his blocksize anxiety, "No, thse pants don't make your blocks look too small" ... it'll be obvious what to say but it may make you feel dirty afterwards.

Hey r0ach, if you are going to keep spamming the thread with all that PM stuff, why don't you at least post something new and useful?

I mean, we all know what gold and silver are... it's just that we don't agree on its future prospect vs Bitcoin.

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!).

Also how to avoid paying VAT on silver.... or if we have to pay customs or something.... you know, practical information that might come useful some day I am drunker than usual and decide to buy some.

Also if it is better to buy bars vs coins (Krugerrands maybe?), etc etc...

http://silvergoldbull.com currently has the best deals if buying less than $10k at a time while http://www.jmbullion.com/ is same price with faster shipping if buyign $10k or more.  Both take bitcoin.

$110 Million: BTC-e Fined as US Vows Crackdown on Unregulated Exchanges:

https://www.coindesk.com/110-million-btc-e-fined-us-vows-crackdown-unregulated-exchanges/

^^ SEALED COURT ORDER ^^

I really have my doubts about whether the government is going to return our funds in the status that they were... I have dollars and BTC on BTCe... so maybe like GOX, it could take a few years to regain access, if at all and then we might only receive a fraction of our amounts.  

We gonna have to kiss our BTC-e funds goodbye?  Let's see,... let's see?

'

so the BTC-e issue is what a 'big shrug' to the bitcoin world....price is not affected...is that what people seem to see/think now?

would be nice not to be at the 'whim' of another gox issue that slams price down for a year

(still, have the bcc fud to look forward to and the 2mb thing in 3 months.fun times)

btc...the hot mess girlfriend you can't leave.....sigh

i still haven't figured out how to get a silver coin into my pc to make a transaction . don't get me wrong, i own a bunch of pms too. however, i believe we will eventually be trading pms for cryptos to make transactions easier for ourselves in the future .

So I have £2000 sitting in the bank and Im thinking is it worth to buy 1BTC in order to take advantage of the Bitcoin Cash? Would not usually want to buy when the price is so high right now but I dont see it going down much before the 1st of August and there is potential for some free cash even if the price of BCC may only be about 2/300 pounds its still free money, although then again would that bring the price of BTC down or would the price of BTC not be affected by the price BCC is trading in?

Any info, suggestions would be great  

Ok so to clarify if there is NO BCC/USD pairing then the price of BTC today does NOT equal the price of BTC post fork + BCC?

In other words if I buy 1BTC (£2000) and then get 1 BCC (say it comes valued at 0.1BTC) then I sell and end up with 1.1 BTC (£2200),? Am  I correct in thinking this way?

BTW I hope BCC comes priced at at least 0.25BTC but we can all dream right?

Thanks for your input  

You should have read the the outrage and whining on the Bitcoin ABC slack when two way replay protection was added to the client:)

Current premarket price of BTCC shows that price will be between 1% and 2% of Bitcoin value. Even daily price volatility of Bitcoin is much bigger than that. So, this fork is pretty much a non-event. It doesn't deserve the efforts to split your wallet just to sell the fork.

I remember in the past seeing various tools that margin traders use to measure the quantity of margin trades that might be outstanding in one direction or another.  Currently, I do not have access to bitfinex margin pages because I am a USA citizen.  Does anyone have links to websites that measure the extent to which margin trade positions might be outstanding in one direction or another?

Pretty much, plus I don't think Polo are crediting BCC to any BTC held after the split so that's forcing people to take coins off the exchange

Which coin?

Well I keep on reading by some vocal posters that BCC is a shit coin. So I figured some might not care if actually BCC hit $10k.

"Nobody is imposing Bitcoin Cash on you. To avoid it, you need do nothing."
/Roger Ver

Did you look at the price of gold before you made this statement?  Its declining rapidly.  And its value 10k years from now is not relevant to you.  Your post denies observable reality.  gold is not safe, its losing value at a dramatic pace.

Not necessarily so at all. You've basically said it worked like this in the past and so it will work like this going forward.  But of course we didn't have bitcoin.  But more importantly you probably don't know that the relationship is really about the cost of production which effectively related to its deepness.

As we grow our technology gold won't necessarily be scarce and this will happen in our lifetimes.  This is why szabos article about mining the vast deep were written and relevant (as well as comet mining).

There is nothing to suggest gold will continue to be a superior or safe store of wealth.

I now have several BTC loaned on Poloniex at between 4 and 4.9999% daily rate.

5% being the max allowed.

Feeling a bit Jewish right now...

I have withdrawn half my coins from polo, but since verification tier 2 takes forever, I couldn't take everything before the fork.

I figured I will stop lending and sit on the BTC to get the BCC, but seeing the high rates I couldn't resist. I might be wrong and be a loser in the end, still with half my coins on cold storage I won't lose everything. If BCC somehow replaces BTC I will probably get out of crypto anyway.

Are people actually getting 4-5% daily interest on lending BTC in polo??

Anyone try it? Is there a big risk of losing BTC?

I said you have an opinion and you are assertive about it, but you don't understand how central banking works or economics in general.

No its not, ur just not paying attention enough!

I said pay attention, not don't pay attention more!

When exactly is the chain split? Do I need to transfer coins today or can I do tomorrow?

Are you sure that you got that correct?

If a loan is made before August 1, and bitcoin forks during the loan, then if Poloniex recognizes both chains, then would both chains be recognized as still being part of the pre-august 1 loan?  seems strange?

Same would be true on Bitfinex, and I did not think about the situation as being only one side of the loan.. so could be confusing, and maybe that is why Bitfinex rates are merely .4% per day, right now as compared with Poloniex rates? about a 10x difference in interest rates, no?

It is a bit difficult to learn very much from this interview between Roger and Miss Bitcoin Japan, because they mostly speak in conclusions. It does seem that she has become very skeptical of roger and his motives, even though she has known him for 5 years - but surely she has difficulties expressing herself in English, but also she seem to be somewhat lacking in some understanding of various nuanced arguments in order to really present them to Roger -

I did notice one outline of a plan regarding bitcoin cash... and it seems that if they fork, they are wanting to use the fork as some kind of leverage to attempt to force bitcoin to hardfok scale up to 2mb in November - or otherwise to ramp up the competition at that point by directing all mining power to Bitcoin cash and attempt to get various other economic nodes to follow them in order to attempt to increase bitcoin cash liquidity and utility at that time in order to attempt to become a viable bitcoin competitor - also suggesting that there is going to be an ongoing incentive to continue to mine bitcoin cash throughout this time because if the difficulty level of bitcoin cash is lower, then it may well be equally profitable to mine some bitcoin cash (assuming that bitcoin cash is able to retain some market value with the passage of time)

Where from did you get that timeline ?

Did coinbase turn over the records that the IRS demanded in its subpoena?

Whats the scoop on trezor, can you move BCC directly to an exchange from there ? I wanna dump that garbage first thing tom morning

August 1 12:50pm in New Zealand and bitcoin still working, so looks like everything will be fine.  

This is so confusing, users on Yobit exchange are already selling BCC and it is tanking as expected. If the fork has not happened yet, where on earth are they getting the BCC from? Can some please explain? Thanks!

Hilarity ensues, I guess?

Isn't BCC more of a ....... splinter at the moment than a fork or a split?

Unless we are going to get stabbed in the back with a fork by surprise of course... from an attacker hiding in the shadows... waiting to pounce.


Pesky Bitcoiners ;/

Well, if nobody mines it, there can be no fork.


I'm completely serious in my support for the Bitcoin Cash efforts. But it has been years since I controlled any hashpower. I'm at the mercy of the miners like the rest of y'all.

I was not planning to move anything , and I agree with you that a couple of days may be a minimum expectation.  I was just wondering if Bones, or anyone else, might know if Ledger already has some kind of splitting software (or firmware) that is already in place?

Thanks bitserve.  That is very helpful to see how the ledger seems to have plans in place for a pretty quick update that will allow for coinsplitting - yet the Trezor has some timeline uncertainties regarding its deployment of those capabilities.

"That's the beauty about gold... it's extremely limited in supply" [as if bitcoin's aren't??]
"...and neither of those attributes [such as limited supply] can be said about ANY digital currency" WTF??

I happen to like Mike Pento, but he really needs to do some more research on Bitcoin before he makes such statements.

 If I corner all $40 billion or so of above ground silver, you don't get to bypass me since it's actually a non-virtual good that's used in lots of things. 

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

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

If such a thing as the "mark of the beast" was actually real, I'm sure a lot of cucks in the west will take it, but it has around zero hope of spreading worldwide so you can always go somewhere else.  Does it look like you can force the "mark of the beast" on the Chechens for fucks sake?  The national pastime is pretending to be rambo:



You would need to nuke all of Russia and all kinds of other groups to make it happen.  Which is probably exactly why the evil Jews who have taken over the US govt are attempting to do exactly that.

---

Well, let's see...

4BTC is 5% of 80BTC.
You would have received 80 BCH.
Right now, kraken lists the price of BCH as 0.13563 BTC.
80 * 0.13563 = 10.85 BTC.

Did you do good? You tell me. Was the lesser risk worth a 2.5x difference? Personally, I would have gone for the BCH, but then again, I believe that BCH rather than segwit is the proper route forward for Bitcoin.

(actually, I went for the BCH)

---

When y'all gonna start dumping your BCH like you were whining about yesterday? I want more cheap Bitcoin Cash!

BCC is free money as of now..

Same here. I have some dust on bitfinex and bittrex.

Maybe in 20 years when bitcoin is worth $100 million, bcash will be worth $10,000 and I can sell it for a coffee.

Oh look, Peter_R and Paul (Ibian) have shown up to preach the 'hard-fork now!" Satoshi's vision gospel.

Come on, "rOach" can´t be real, he´s just teasing us. On the other hand, what would we do without him. Or her. Even that´s not clear yet.
One thing is for certain: a girl never calls herself "roach"   I´m sure.

So just for the lulz, I decided to access and move my BCH coins.

2 hours later, and still only 1 confirmation. On an 8MB blockchain. Lol.

Bcash - the future of bitcoin transactions, indeed.

The fuck is going on ? I just made like $200k in the span of 5 minutes...

Woaaaah, i just drink yesterday night and when i woke up the value is now a wooping $3147. Keep dumping that altcoin for bitcoin guys.

Where is roach And kwuckduck??? And Where is Roger ver 😱😱😱

They need to see this machine taking off to the starsssss

Still haven't got hold of my BiTCH coins. Need to import my private keys from paper wallet. I hope it doesn't go to zero by then.

Very odd. I've been hearing complaints about this all day now. Could they have some interest in temporarily holding up the price? Seems unlikely. Could they have screwed up in splitting the coins, or in setting up their wallet infrastructure, and are scrambling to assess the damage?

I wish Satoshi would just suddenly buy an island and come out of hiding.

He could be the cool consultant to unite things.

Besides, billionaires don't always make the right decisions.

Let's talk about the time that Warren Buffet bought about 129 million oz of silver at $3.50 to $4/oz. around 2002-2003. Then he dumped all the silver in 2005 around $6/oz.  Good timing on a great trade, right?

By 2007 silver was up to $17/oz.

By 2011 silver was up to $48/oz.

what about because humans needs to eat at least?
if everybody will only HODL there will be no trade no volumes nothing, so thankfully there are people which are not HODLING till they die....

you mentioned Satoshi, who is billionaire (virtually as he did not spend one coin yet) so..... hodling till death?

So what happens if I send BCH to exchange (or somebody).
Can anybody publish same transaction on BTC network and take my Bitcoins ?

So what is the difference betwen transaction on BCH and BTC chain. Chains were same before split.

Lol, I am adult. Very adult. Adults don't have a much of a choice,at least in the U.S. they get to vote on some two-party local reps and a presidential candidate from a field of two. The two presidential candidates of which have already been groomed and pre-selected by the Wealthy Elite Oligarchy so it's not much of a choice. There's a third option (Libertarian candidate) that some of us vote for, but never seems to get more than 3% of the vote.

Maybe you mean all-out revolution? Well, I'm pretty sure that in the U.S. that is coming soon. Likely a French Revolution style revolt. Many here would be all-in on that.

Several hundred BTC wall at 3749 just eaten at stamp like it's peanuts

Gdax prices still way above the rest. What do you think the matter is?

4000 USD ?!?

is this real life? can somebody hold my hand please  

Pls PLEASE, if I could give one piece of advice. Don't do that. Don't be poor in the future. I don't want you to be poor.

I keep seeing things like this all over the web. The less bitcoin one possesses seems to correlate with a higher desire to "cash out" at some point soon. The attitude being "Well if it's not going to make me rich in 5 or 10 years, then what's the point of holding on to it. Might as well buy something nice with it."

Holding on to bitcoin is like having exponential compound interest. You won't realize it until it really starts to kick in. It's like winning the lotto but in slow motion (but faster than conventional investments).

Twenty years from now, someone owning 0.5btc or even 0.2btc will be held in complete awe.

Ok, fair enough. But if you make it another 20 years, keep in mind that things like Medicare, Pensions, and Social Security will likely have gone the way of the dodo. Not to mention run away inflation. You may be wishing for yourself or your loved ones that you had held on to those 2 bitcoins. Perhaps pass them along to your heirs instead of cashing out?

About the smoking thing... Have you tried vaping? The vaping industry has evolved amazingly in last 5 years.

About the "heritage" you should be instructing her already on this stuff and what to do.

ABout the richness... Maybe it won't make you rich... but try make it at least a sum that could change anything in your life.

Btw, some people consider that money is for spending. I think the money is for BEING ABLE to spend it. YOu are only able to spend money that you haven't already spent. Money gives freedom, spent money doesn't. Unless you know you only have like a few months left.....

Ruddy hell. What's with the morbidity? Do you have tumours dangling out of your nose?

Where I'm at vaping is a fraction of the cost of real smoking. Depends where you live.

Do you mutually agree to get into BTC with your manfriend? I wouldn't have bothered telling him myself. Spouses and extremely speculative money are a terrible combination usually.

So apparently CoinDesk bitcoin price index says we've already touched $4000 ... ? Not sure how that happened based on bitcoinity which shows $3970s as current ATH in some major USD exchanges but nothing over that (unless I've missed something)

https://www.forbes.com/sites/cbovaird/2017/08/12/bitcoin-surpasses-4000-reaches-another-milestone/#6e5a20f96a8c

There you go.

What is wrong with BTC fees and Mempool?

Mempool filling up:
https://jochen-hoenicke.de/queue/#24h

Transaction fees skyrocketing again?
https://bitcoinfees.21.co/

What are the spammers planning now?

Where is the correction that some have been smelling earlier today? Time to eat this mini wall on Bitstamp and move on. Next stop $4500!

2 Options for you Either buy now or wait till September it will be on its bottom line but don't expect less than 3500, September 21st is the day when BTC will cross 5K

So if someone has physical access to a Trezor, they can have access to all BTC. In that case i don't know how a Trezor is better than my old fashioned paer wallet locked inside a safe. In fact, paper wallet is safer because i wouldn't be keeping the Trezor inside a safe, would I? Hmm....

As the dollar loses value this gif will eventually be funny for other reasons.

This seems like it could be important

https://medium.com/@Zero404Cool/trezor-security-glitches-reveal-your-private-keys-761eeab03ff8

IDK. I think everything is a ploy to get my private keys now.

Even you.

Altcash update:

Blockchain Overview
There have been 1025 blocks mined since the hard fork.

(1452 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty.


The original chain has grown 2.11GB more than the Bitcoin Cash blockchain.


It is currently 8% more profitable to mine on the original chain.

No need to worry, nothing to see here...

Looks like someone is betting big on BCC, good riddance. Now back to finding at least one f'ing BCC online wallet

I don´t want to advertise that (maybe shit) Electron Cash, but it worked smooth for me. Just installed it on another computer, transferred my BTC to another wallet, inserted the seed, got the BitCoinCash, sent them to an exchange, deleted electron cash and sent BTC to a new wallet...
I was just afraid this electron cash might steal my BitCoinCash, but nothing happened (except the things supposed to happen). So, i did not use it that much, but just for claiming the CashStuff it worked easy and fine for me...

I know guys, it feels like it is over already.

I mean, just look at that plunging btc hashrate.  
https://bitcoinwisdom.com/bitcoin/difficulty

Should we all hug and cry together?  

Blockchain Overview https://cash.coin.dance/blocks
There have been 1081 blocks mined since the hard fork.
(1547 blocks behind the original chain)

The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty.

The original chain has grown 2.25GB more than the Bitcoin Cash blockchain.

It is currently 26% more profitable to mine on the Bitcoin Cash blockchain

Segwitcoin miners are currently losing $10billion per day by not switching (#is from my head but prob not far off lol)

So is this the shitcoin top, or is the coup de grâce still to be seen?

I feel like the grand finale is still coming. Like right before SegWit activates. Or maybe that's what everyone else is thinking too.

Is that Ver on stamp with a 100BTC sell at 4060?

It is not. The same diagram is needed but for ASIC manufacturers.

We need bigger block sizes, our fork will be able to handle 8x more, this will bring so much more activity.


http://blockdozer.com/insight/block/00000000000000000447589f1f34eaff9c5ac5ff55d4452a6fdbf50cbe0fc12d

Yea, so useful.  


When was the last bitcoin block to have no transactions in it?

This is a short lived pump and dump. BTC is still more profitable to mine considering the higher fees, BitcoinCrash will always have a bigger blocksize, therefore, it will always have lower fees. The profitability due hasrate fluctuation is temporal, miners know that they can't gamble too much trying to profit from this, because if they screw up the real Bitcoin, their whole business would collapse.

Any idea how he diff will change at this point % wise? If it's massive, will it put them under profitability again?  

If so, I need to dump the rest of my BCH.  Been hanging on to half to see what happens....

You can keep an eye on it here - http://bitcointicker.co/bccnetworkstats/


Current Difficulty:   68222137509
Est. Next Difficulty:   42388559987
Est. Difficulty change:   -37.87%
Speculative Diff. change:   75.51%
Diff calc since fork:   1.41%
Next Diff. change in:   1741 blocks

Are there any prediction models about what the fees would look like in the years to come assuming different scaling methods?

Any ideas how to best prepare for the next fork (which will probably be our own)?
Pls don't say Litecoin.

BU was most of the time below 40% hashrate. Segwit2x is over 90%.

They don't need to run btc1. It's just a simple patch to core code.

They don't need to keep signaling anymore. If they keep doing it, it needs to be interpreted as their intention to follow on with the agreement. In this case with the 2x part of it.

It's not because they "signaled" it... it is because the keep signaling it now.

What other interpretation would be possible for their signaling now?

Really, this is absurd, just look the second BAR, the one that says "NYA" (New York Agreement=Segwit2X) and how it is at 90%+.

Maybe that is because there is no need to do it now, there are still some months for testing, etc....
They are signaling their intention to go on with the agreement.

This starting to look like almost an instamine:

481104    2 minutes ago    0x20000000    ViaBTC    PW/ViaBTC/Hello World!/
4vs    3.79
481103    4 minutes ago    0x20000000    Unknown    OWAfE_Af
/XXXYYY/mm#kC7CZ}Uki+VH+q s    17.50
481102    9 minutes ago    0x20000000    Unknown    NWAfkI5AfkAS/XXXYYY/mmVޱUp~6!BPs?ـV[K٪    11.10
481101    12 minutes ago    0x20000000    BTC.com    MWY/BTC.COM/
b%    2.50
481100    12 minutes ago    0x20000000    Unknown    LWʮz8c.yV`}%P#&$  9
   1.89
481099    12 minutes ago    0x20000000    ViaBTC    KW/ViaBTC/Hello World!/~dax~/    0.47
481098    13 minutes ago    0x20000000    ViaBTC    JW/ViaBTC/Hello World!/}da=    2.22
481097    13 minutes ago    0x20000000    Unknown    IWoaZ|hG?ߜ ?E{Rn-#/p-K    7.02
481096    14 minutes ago    0x20000000    Unknown    HWAf"hAf!/XXXYYY/mm
#93@  @+sjaxo<S`
   10.67
481095    16 minutes ago    0x20000000    F2Pool    GW,mm\bկ 'PG5|߄~k4 „🐟Mined by czzyzp9990    0.83
481094    16 minutes ago    0x20000000    Unknown    FW/}8ZkVx,u"R#10!6p,k    18.63
481093    19 minutes ago    0x20000000    Unknown    EWAfܒAfۀ
/XXXYYY/mm|7JjObwۿÊ9UoK
   4.57
481092    19 minutes ago    0x20000000    Unknown    DWAf¯AfͿ/XXXYYY/mm|7JjObwۿÊ9Uq&X*    7.35

At this rate it could be very soon that they surpass BTC in number of blocks and start shilling with the argument of "the longest chain blah blah":

There have been 2546 blocks mined since the hard fork.
(473 blocks behind the original chain)

Will be interesting to see what happens to BCH once the difficulty adjusts way up and (I suspect) it's larger enemies both stop mining it and move to dump the price.

I think we are soon going to see the resolve of the BCH pumpers truly tested.

It only takes six blocks mined every 12 hours to prevent BCH's automatic short term difficulty adjustment.
https://www.coindesk.com/even-miners-hate-bitcoin-cash-might-want-mine/

Disclaimer: I sold all my BCH over the weekend and if I had any more I would probably sell right now.

Interesting I thought it was later tonight. Maybe things won't play out the way I described above but we will see. I have my popcorn ready just in case.

 ...so the value of BCH will be pumped to ~ US$1250?

 So help me out here please; I'm a little tired so I might be way off.

 The average of the last 10 or so blocks is about 14k USD per Bitcoin block in fees and the average for the last same number of blocks for Bitcoin Cash is SFA in fees (less than $1).  Does this mean that in addition to the 0.29557926309 BTC we need to add $14,000/12.5 BCH to the value of each coin to make it equally profitable to mine BCH?  In this case, I think we're looking at a BCH value of around US$2,330 per BCH just to make mining one or the other equivalent.

 With the 4X higher difficulty, the last 10 average block time is now 20.5 minutes.  Why do so many continue to mine the less profitable B_itCH?

 Let's hope it doesn't get there because Bitcoin drops to $2220  

......how long until BCH needs to fork off again?

 

What happens if BCH never finds a block again?  They have been stalled for a long fucking time - maybe fewer than 15 blocks have been found in the past 24 hours - something like that.

It seems Legendary accounts are worth to them to join signature campaigns, airdrops, bounties and all that shit. Not that they are gonna profit insanely though. Or none at all.

Good job. I'm waiting for 0.2 again, but don't know if it'll ever come. Maybe in November.

Despite the EDA bug , Bitmain doesn't mind mining at a loss , because he can get 20% advantage over ASICBOOST and he wants this chain to survive so he can continue his unfair advantage.

This means no early halving for B Cash

See for yourself , they are mining mostly empty blocks to prevent EDA bug

https://cash.coin.dance/blocks

This mystery miner is supposedly Zhuo' Er Jiang from btc.top... but we all know they are controlled/partnered with Bitmain .

https://archive.fo/zuFve#selection-3277.12-3277.143


He was supposed to stop the EDA bug earlier ... but accidentally overslept ... lol .

The U.S Bureau of the Census has the annual real median personal income at $30,240 in 2015.

9 BTC is a fair amount over that.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Define a bitcoin whale (aka nouveau riche)?  above 1000 coins (that would be nearly $4.5 million in BTC)? or some other lower number?

I believe that there are a few regular WO participants who are in the 100 coin territory, and they may or may not engage in too much trading of their coins... surely they are not whales, right?  Not even baby whales despite the fact that their 100 coins (about $1/2 million) could move BTC prices, temporarily - for about 5 minutes, perhaps?

these 100 coin folks are sitting pretty comfortable - and likely in a decent place in the coming years, as long as they can hold onto their coins - perhaps 10 years, perhaps less.  Yeah, right, there are some folks, including masterluc who are predicting another 3x price increase in this run - which is quite possible, but still only puts the 100 coin hodler in the $1.5 million of BTC richness, which is still not a whale, right?  but maybe getting closer to baby whale status, right?
 

Where's the "my bitcoins are only worth what they were worth yesterday" crying meme?

Oh noes. My bitcoins are only worth what they were worth yesterday. (Too busy eating to post meme.)

Not deep enough of a dip to be a buying opportunity.
_____

Wow. While I was typing it dropped another $100. After I finish eating I just might go shopping after all.

Or did I already miss my chance?

What's up with the spread between stamp, finex, and coinbase?

Why are we bleeding So much...

Is there Any bad news..?

The price still going down . If it goes under $4000, i have loss. Should i sell now?

Sold them! The tension was too high lol . Maybe i buy again at a cheaper price

sorry, i'm just a newbie

I'm calling it 2980 on the 9th

wild ass guess of course

I'll be back under $3000. Sell now, before it's too late. Mark my words.

and now you decide what is the "vision" bitcoin and consequently the topic of this thread? You are a little dictator
If I can not remember, who defined the "vision" bitcoin was Satoshi; and you, me, and everyone in this forum are here for the same reason.


Is not that the idea of a forum? discuss and exchange different opinions freely, in our case on the future of bitcoin and what we think is better in the short, medium and long term? You can not argue with people who think the same as you, let alone build knowledge.
It is for this reason that many call this place a "small echo chamber", for trolls like you.

You'll be in time to short the bottom.  You know somebody's gotta do it.  Good on ya  

GDAX (coinbase) has margin trading.

Polo? They have margin. I always felt vulnerable there with the limited withdraws and downtime with each buy-able crash.

Yeah.. .Bones261.. you talk about not having very many bitcoins, and if you are making moves like this (planning to short), you are setting yourself up for decent odds of reducing your bitcoin holdings further

There are strategies that consistently work with bitcoin, and margin betting is not one of them.

ha ha ha, very creative indeed!
BTW, I love both my BTC and my ALTs.
It is like loving two babes at the same time..  

Sorry to comment about WAVES... but the fucking mods have locked the Waves thread and yesterday I created a second waves thread that was thrashed by the mod.
The waves community is being censored here in BITCOINTALK and not allowed to express their opinion. (Bullish)

I also bought more BTC on the last dips..  The next BTC break out will be memorable but it wont arrive until the 2X drama is over.

Certainly shaping up that way.

Have we seen the bottom ?

Blockchain technology is revolutionary but BTC is not

Sure and that makes BTCs value in what amount better than other crypto assets. Anybody remember myspace? 

Amazon will not stay there forever. Remember IBM and McDonalds?
Sure BTC got under developement, but in my opinion its inherent technological design is broken, if you want it to use as an actual currency.
And that's the argument of many "believers". Current attemps in improving scalability comes at the cost of loosing security, let alone the sheer amount of electricity needed for buying a coffee.

Yes i like monero - its currently more or less ASIC proof - and mining some. I also own ETH and BTC. So what?

Well hello there,

i'm new to Cryptos but not new to investing.

So as dumb as I am - ignoring the properties of a highly volatile and unregulated market, I invested a huge amount at ~4100€ (almost ATH), woke up to a 10% loss and sold everything in two charges at a -15% loss.
The hodlers who bought high amuse me: "I am not loosing money until I sell it" - well sure you loose money, the value of your asset declines.
Any investor with half a brain will tell you that a secret to success is limiting your losses (risk).
So at first I regreted my decision, because It went to straight ~3900€ two days after.
I read more about Crypto, talked to people and was more and more suspicious about the current state of the bubble.
Well now I'm lucky. If I would buy now, I would get more BTC for less money including my losses.

I engage in periodic bouts of such swing trading. When I get caught holding a bag of stinky fiat, and no way to buy back in without a loss, I just stay in fiat. Options include:
- enter a limit buy at a strike price below your last sell and forget about it. It may execute in the future if the market dumps again (I have a ladder of open orders in the $1000 to $2500 range that may never execute)

- you'll need some fiat to pay the cap gains tax on your profits anyhoo - when april 15 rolls around, cancel your open orders if you need the dosh

- pull your money and have a fling. If you tie a bank account to GDAX, withdrawals are free. Yes, free.

And the number one answer:
- Buy some BCH. As $/BCH:$/BTC trends toward 1:1 you'll be back in profit.

Cut your losses, buy back Bitcoin and stop trading. The whole idea of these forced crashes is to flush people like you out. The 1% make more money, a few random traders and the rest just lose out.

---

I wonder if this is going to shoot back above $4k or not.

@bones261
If you think bitcoin will go up, buy back.
If you think it will go down or are unsure, stay fiat.

I'm unsure (for now), I stay fiat and do quick trades with my margin balance.

If you're worried about your exchange double-crossing you in that manner, you probably shouldn't be dealing with that particular exchange in the first place.

What exchanges pay you with paypal money? Also I wouldn't trust Paypal with any larger sums. I once sold most of my vinyl records in a short period and paypal froze my account. I had to prove this and that to be able to be able to use my funds again. It took months and I was really broke (that's why I sold my vinyls) so I'm still quite pissed.

So far this looks exactly like the raise from the 16th of June.
Both have the first leg up of 23%
Very interesting... Maybe I can sleep tonight

hope to still got  everybody    LIST IS GROWING NICELY   ( hope to be sending BTC soooooon Grin )

^I haven't played a video game since Bioshock. That's why I'm afraid of Elwar.

That pill-popping hussy ruined my childhood.

Anybody that remembers this sound is too damn old now.