I believe that there is some support at $4k, but I doubt that such support is really strong.. but what do I know?

I would suspect that support in the $3500 to $3600 arena would be pretty strong  - yet if that $3500 t0 $3600 support does not hold, then we will be testing $3k, again... that should surely be the bottom - and a double bottom at that... but I would still put getting down to $3k at less than 35% chance.. which is reasonable, but not super strong from my current perspective.

I think that we have greater than 50% odds of testing resistance and even breaking above $5k resistance before mid- November; however, if we break below $3k, then I will certainly be reassessing my current tentative thinking on the matter.

Well, I hope that you are not playing only one direction, because as you may have noticed I have described odds for up and odds for down, so to me it seems quite risky if you were only betting one direction.

By the way, what level are you betting?  $3500-$3600 or a more risky bet of $3k?

Also, kind of on the same point, if I were to have $500k available for buying down to $3k, for example, then that would probably mean that I have more than $800k in cash available for possibly buying down to $1k - even though I am pretty doubtful that we would get much below $2200.. ... Furthermore, I would have well over 1,000 in bitcoins too.. (which is currently valued at over $4million)...

So, what I am saying is that you seem to be betting one direction because it does not seem that you have that many bitcoin investment assets in total, other wise you would not be talking about the $500k worth of tether rather than describing the other side of the ledger, and in that regard, you seem to be poorly hedged for both directions... actually, even a 50/50 hedge would mean that you better have at least 200 bitcoins (besides your cash holdings), at these prices....

Apparently you have a balls to the walls system that works. I have no idea how to predict either price direction, so I just play both, and I don't make as much money, but I am surely comfortable with my strategy and my strategy seems to pay off pretty well, too.

I suspect that if the market is not going your direction, then you either have a stop loss or a buy back point, too.... so hopefully your bitcoin building strategy continues to work for you.

Historically, when newbies come into this thread bragging about their balls to the walls strategy, they are not really sharing all of the facts and frequently it is difficult to determine the extent of their truthfulness (and whether they are trying to entice people or to talk their book - same idea, and forms of trolling), besides that they want to brag their good plays..  and hopefully they understand the odds of Martingale principles.

Sounds like he has a dollars extractions strategy. I'm intrigued.

What you gonna do?

Better buy back in soon!

highly doubt Renaldeo (or wtf his name is) knows how to code miner infected web page script.
more than likely his  IT team stealing Monero (wild guess) cpu cycles  from the less than intelligent fan base .
sneaky little bastards! ..
 
hmmmm...    well goddamn thats ingenious! I gotta get me a website like that!

I thought that BTG is going to be priced more like LTC (around $50), when in fact the actual trading looks more like ETH (around $250~$300).  This means that with a pre-mine of around 200K BTG by the developer, they have basically netted 50~60 million bucks!  This is all done without needing the like of Roger Ver, Jihan, or the "mysterious miner" who mined at $10 million+ losses cumulative.  

Actually I can already imagine the look of Jihan Wu when his "buddy" Jack Liao pull this off and have BTG traded above BCH price.  This also implies that everyone will see the opportunity in the new "forking" ICO.   That is, instead of doing ERC20 token on ETH platform, now you can just do "fork ICO" on BTC chain, pre-mine and net yourself a cool 50 million bucks, which is more than most of those useless ICO /pump-dump can ever hope to achieve.  

Imho they can't pump it higher than this. It's already insane. It's all fake trading on that 0-fee korean exchange. No one cares about BitCH. If I were you I would dump right now.

If you drank the Blockstream/Core koolaid and dumped your BCH, you can buy them back at 4 BCH per BTC. 

Remember, if you're holding BTC and BCH in equal proportion, you'll come out fine whether Bitcoin Core or Bitcoin Cash wins in the end.

I'm disheartened that many people will unnecessarily risk money when the don't have to.  If you don't have inside information, hold both coins and let the whales battle it out.

I say this because I'm passionate about bitcoin and passionate about growing it into better money that all of the people of the world can use.  In fact, in partnership with the University of British Columbia and Bitcoin Unlimited, we have a global testnet where we're propagating gigabyte blocks on consumer-grade hardware.  But you wouldn't hear about that because it is censored from Reddit and censored from here as well. 



If people are interested in the truth of how hugely scalable Bitcoin actually is, here's the video from Scaling Bitcoin Stanford where Andrew and I present our research. 

https://www.youtube.com/watch?time_continue=3990&v=LDF8bOEqXt4

Click soon because Lauda will remove this post shortly, as it is hurtful to Blockstream's business model. 

anybody know at which block the next bitcoincash difficulty readjustment is going to be? It's going to be a big one when it happens?

At this rate bitcoin cash's 21 million coins will be mine within a year.

Thanks for the insider tip.  Though I presume that you mean 4 BTC per BCH. as market price is already exceeding your target price now.  

I guess now I can safely go back into hibernation and hodling for another five years again.  Or rambling about the fair sex and existentialism like those bitcoin-assets crowd and not give a fook about all the politics and infighting.

Though I do wonder what that BCH+BTC value in fiat term would be by then if this scheme succeed.  

In a verrrrrrrrrrrrrrrrrrrrrrrrrrrrry limited number of minds at least.

So that nasty BTC has been menacing BCH ever since it was born. Gotcha.

I'd still like to hear about the post August army of people who'll see their hard earned money turned to nothing.

The strange thing here is that despite the massive volumes, crypto market cap is still mostly the same. Usually, when BTC grows, the crypto market cap grows with it.
This is definitely mostly people panicing or some big whales holding and moving BTCs around. That is a massive red flag to me...
But then again, I've sold my BCH time ago, so I am partial on this story

legit floor ?    lol

Suddenly, BTC drops, and BCH rises after days of slow ups/downs, in 5 minutes.
So obvious, seems they try another weekend P&D against BTC.
Bring it on, so i can sell my remaining bichslavecoincashlol for more BTC  

That would be 4 more free BTC for me. I have underestimated the stupid before, now, i am prepared. Let them waste their money, i welcome the Ver&CO airdrop

Pay attention.   This is how you day trade.  Set your limit orders and then go to the beach. If you have to place a market order, it means you are behind the market and not in front of it. This means you are doing it wrong.

D@MN !  BTC shot up from @9.800 to 10,400 in < 20 mins~!

Back down to $10,200



GO BTC GO!

No. You don't get it. Fuck off. This is not a thread to discuss transaction esoterica.

Take it to another thread.

Your prodigious mewling to try and brainwash casual observers into ideologies easily exploited by (((international financiers))) like leftism or neoconservatism is ineffective.  Even the founders of America themselves were white nationalists.  What is this?  An insult claiming, "You remind me of George Washington.  How evil!".  Many were also opposed to allowing Jews in because they knew they would attempt to form a state within a state and practice subterfuge against the rest of the inhabitants.  It appears you have a very un-American viewpoint.

You praise the blockchain technology in general Bitcoin doesn't equal the blockchain technology. I see that the blockchain technology isn't dependent on bitcoin and bitcoin value isn't guaranteed by the blockchain technology.
I think that you are bringing forward first mover advantage with the e-mail comparison. That the e-mail protocols mostly remained the same and this will probably make bitcoin remain dominant also.
I think e-mail can't be compared because of the simple nature of the problem they were solving. You can't exactly re-invent something as simplistic as a wheel. This new field of cryptos or financial protocols are a lot more complex and can improved a lot by re-inventive improvement. We have seen radical development with new generation cryptos in terms of speed, costs and practical usability.

+ lots more Russian advisories on ICOs

no but JJG does so we have to suck his cock if you can find it and talk endlessly about laddered trading schemes

Yes, no doubt correct. ... and you are not ready to sell yet, but would be more ready at say $2500.

The key thing now (and it will prove impossible for most people) is to accept that whatever you hold will decline in $ price by another 75% (making 90% decline in total), and that will take place in a grinding downwards pattern, including long counter-trend rallies, spread over ~2 years.

Too difficult for most ppl to accept. Best course is to go away and do something else for a while.

After seeing this link do you people still not understand how bad of Orwellian garbage cryptocurrency is?

https://www.coindesk.com/goodbye-fungibility-ofacs-bitcoin-blacklist-remake-crypto/

Like I said 5000 times before, transaction validators are designed to centralize and tokens are non-fungible, making it a permissioned ledger control grid by default.  You'll have an amount of corporations you can count on one hand who all collude with each other that arbitrarily approve or deny every transaction.  If you say something like "I don't think Jews should have a monopoly on the media", or "I don't think Xi Jinping should be president forever", then they will all add you to their shared blacklist and your money is essentially turned off and ceases to exist/confiscated.

And you will deserve it for being an idiot and investing in something that claims to be money yet isn't fungible, has built-in usurious, gatekeeper middlemen, and doesn't remove counterparty risk.  The only thing that solves those problems is physical silver and gold.

Potential bottoms?

~7670-7690 is our first.
~6950 is our second.
Then there is the double bottom...

And then... Tera will be in here to tell us all how we were told so...

As you have been since the time you arrived here. So stop peacocking noob, it's just making you look silly.

Observe these walls

https://zycrypto.com/the-largest-dynasties-of-bankers-continue-their-expansion-into-the-cryptocurrency-world/

My recent point about assassination bounties will be placed (not by little ole me) on Karpelès’ head if he tries to keep $2 billion of the BTC:


Seems to have coincided with a decision to instead give BTC back to creditors instead of the $400 per BTC fiat value at the time of the 2013 Mt. Gox collapse which was the original bankruptcy plan.

This is very bullish for Bitcoin. And the weak hands are capitulating right at the moment when the mood will turn soon very bullish due to the Mt. Gox collapse being resolved in the most equitable way and putting it behind us.

Today the world realized that the dollar is dying. And that BTC is the new international unit-of-account. And that justice will be served up on an assassination platter to whom ever does great harm to humanity.

Gold and tinfoil can’t do those things @realr0ach.

All right, I'll bite...

What about storing some value on a segwit address is prudent?

I did not say anything about BCH. The topic is clearly segwit.

What the fuck are you talking about...

I love how all the B-Cash haters only use insults with a new 4 posts old account. It's unbelivable what is going on in this community. Complete Censorship on reddit for years, Troll accounts everwhere....

Hash Time Locked Contract (HTLC) payment networks including Lightning Networks and the Layer 2 and 3 technologies have three major problems:

1. They force centralization onto hubs. Those who think this is not true, I can defeat you in a debate even though I will not expend my time on that debate now. Because of this centralization, they destroy the security of both the off-chain transactions, and they weaken the security of the on-chain Nash equilibrium because they create large hubs that hold economic control of the network. Remember as the block reward decreases, Nakamoto proof-of-work looses incentives compatibility to converge on a single longest chain and will fork off into innumerable forks unless there’s a stable oligarchy cooperating. See the Decentralization section of my blog post. This off-chain crap is the antithesis of the utmost priority on the security of the game theory of the chain which is what gives Bitcoin its status as the reserve currency of crypto (and eventually of the world). So there is no way that shit is going to be allowed on Bitcoin. That stuff will end up pushes off on a Core fork or other fork off from Satoshi’s protocol where the $billionaire economic majority will remain steadfast.

2. None of that shit scales because it drives up the need for larger blocks. Yet larger blocks are not a scaling solution (not the in correct mathematical) definition of scalability.

3. The transaction fees will become too high for users to open a payment on channel on-chain (as they will be competing against the hubs who dominate the available MBs per block), thus LN is going to be a fractional reserve system where users open accounts at hubs as they do with exchanges today.

I explained some of this is more detail at the following linked post (including my critique of layer 2 proposals):

https://bitcointalk.org/index.php?topic=4435201.0#msg39666724

I figured out a long time ago that on-chain transaction volume scalability is going to come from an altcoin. And that is what I have been working on. If I successfully mitigate the nothing-at-stake, censorship, liveness, and economic capture vulnerabilities of proof-of-stake, then what I will have is far superior to that off-chain crap. Bitcoin will remain the reserve currency. So I hope you understand I need to STFU and work.

I don’t have enough time to get involved in another long argument. I might not reply even if someone thinks I’m incorrect and even if I possess a correct rebuttal. So take this FWIW to you. I’m don’t claim to be omniscient, yet I’m reasonably well studied/researched on technological, game theory, and political-economics issues of consensus ledgers. I roughly guess that I have more specific knowledge on this than Andreas, but I haven‘t spoken with him nor watched all of his videos.

_{P.S. I’m late to enter this discussion because I was stranded overnight on a two-lane asphalt in the thick of the jungle somewhere in Agusan del Sur with a busted radiator (at 4pm on way back). In the Philippines ever since Duterte was infuriated that some older man with poor eyesight plowed into some teenagers who were probably walking (perhaps even loitering) in the middle of the unlit highway at night (because the government can’t afford streetlights), individuals who are blinded in one eye as I am are unable to receive a driver’s license without a night time driving restriction (or at least not without significant hassles of bribing an optometrist the outcome being up to the whim of the LTO doctor). Seems like rampant discrimination to me. I was told by LTO doctor in Davao to hire a full-time driver. Pfft! Yeah like I need to catch Tuberculosis again (from a driver who has enough money in his pocket to spend at bars with ladies of the night) like I need another hole in my head. So to side-step the restriction, I had to meander some 6 hours drive over to a very isolated provincial Land Transportation Office (LTO) where grease money still works in spite of Duterte’s anti corruption campaign. My year 2003 model SUV is on its last legs. Time to make some money and get a new vehicle and moreover to GTFO out of this backwater place.}

---

You can’t possibly be referring to my post, wherein I just wrote that block size increases are not a scaling solution. And I wrote that Satoshi’s protocol will win. I hope you understand that BCH is a fork and is not Satoshi’s protocol. Yet I repeat myself as I already wrote this a couple of days earlier in this thread.

Do you Core supporters have only a one track mind?

---

Can you argue with sunspot activity charts and the fact that recently scientists have been able to develop a model of sunspot activity that back tests correctly. It predicts we are entering another Mini-Ice Age. The last one frozen the Thames.

Lol. Obtain a non-anonymous user account then let’s battle someday. I will fry you to a crisp son.


Dig deep, otherwise you’ll end up like Carlton Banks in his recent debate with me.

Exactly. He is trying to spread FUD and make people use legacy addresses so his team of thieves will be spending less resources to fill the blocks.

Mass spam attack incoming.

Sorry but you are factually incorrect.


I provided it in great detail. Do you need the link again for the nth time?

If you do not bother to read the threads I linked to and wish to remain deluded, that is your prerogative because it doesn’t change the facts that have been explained at that link.



You're mighty presumptive. How do you know who I know here? I actually do know some of the guys here at least for example I know the true identity of some of the folks here and have traded more personalized private messages with them.

Also in general what I mean is that I don’t think most of the guys here are paid Core trolls. Rather I just think they are guys who have lost Bitcoin in the past to scams and will continue to do so, because they are gullible. You apparently are included in that classification. You’re presumptive error above and refusal to read the facts and then claim no facts have been presented is indicative of being irrationally addicted to a position.


There’s no FUD. I stated facts and backed them up with a link to the facts.

I was going to STFU, but you decided to attack me with incorrect allegations. Accusing me of making claims which are not heavily substantiated. Sheesh man, can’t you fucking read?



I stand by my characterization of you. Again you ostensibly have not even read the link which was provided to you several times.


There you go again making incredibly stupid and incorrect claims. Exemplifying you have not read the link.



You seem highly confused. Reading and comprehending in entirety what is at the link which was provided for you might help, presuming you have the IQ and emotional maturity for assimilating the information at the link.


You are extremely confused. I explain at the link why Core can only succeed to destroy the real Bitcoin if we presume that the dumb masses are the economic majority. Which is impossible because I even cited research which shows that the top 1% control 34% of the wealth and the top 20% control 80% of the wealth. And the wealth is likely to be even more concentrated in Bitcoin. I already alluded to this up-thread wherein I stated more succinctly that the power-law distribution of wealth is a thing.


The value that the wealthy want is to not lose their wealth!

The real Bitcoin is primarily a store-of-value that can’t be fucked with by politically clusterfucked nation-states.

Unlike gold which they can confiscate at every border crossing.

SegWit, Lightening quicksand, and all the politically clusterfucked shit is just more of the same scams of the deluded Westerners. Westerners have become scammers. It is sad.


Correct! And that is real Bitcoin, not this Core scam altcoin shit.

WTF does a pull request have to do with:

---

Are you readers so fucking deluded that you cannot see I have linked to the real Bitcoin which is version 0.5.4 of Satoshi’s protocol and I have stated now for the 6th time in this thread that I do not advocate big blocks nor any scammers who attempt to change (the game theory of) Satoshi's protocol and pretend it is real Bitcoin. That includes all the scammers, such as Roger Ver, Core, etc..

Altcoins are fractional reserves of real Bitcoin. Remember Gresham’s law. Altcoins will circulate, real Bitcoin will not.

If none of you quote him, he will go away. (hopefully) Just put him on your ignore list.

yes.

if segwit is doomed like anunymint is praising, people would lose trust in bitcoin and blockchain as a whole. that's why there is no advantage in storing coins on legacy addresses.

We've been waiting on you to delete all your posts. Followed by your account too.

Whoopee-doo. A measly 166 BTC is nothing.

Prove it. Sign a message from your UTXO. And prove you are hodling in SegWit addresses that start with a 3 instead of a 1.

Congrats on the correct timing move if true.

Incorrect.

Segwit was a soft fork.

Segwit transactions are valid under the old rules.

It would take a hard fork to make Segwit transactions invalid.  

That doesn’t stop a miner from blacklisting Segwit addresses.  But they can blacklist anything they like now, that’s got nothing to do with Segwit.  They  can also blacklist legacy addresses or can mine completely empty blocks should they choose.

Whale?  
According to their pre-IPO deck (has it been confirmed? proudhon??) they went from BTC36.877 in Dec to 22.082 in March. That's 3months or 90 days. That means they're burning through BTC164 per day ((36877-22082)/90) at this rate they'd have enough for 134 days (22.082/164)  that would last them till August 12th   thnx for playing

Bitmex dun fucked up again. No real trades at these numbers. It's all fake.

You better pray the entity controlling the price on Bitfinex that single handedly took bitcoin from $200 to $20,000 is not the Chinese mining cartel then (Bitmain).  I will laugh my ass off if Bitmain goes bankrupt and then it turns out they were the only people propping up the price and it just collapses to nothing.  

The other candidates for who the scammer is that controls the price on Bitfinex are even worse though:  The ESF or some TBTF bank like Goldman Sachs (we already know GS was behind the Eth pump).  If Bitmain is not the one running the bitcoin pump and dump and it turns out to be one of these other actors, that would mean bitcoin is by default a govt endorsed scam to try and lure people into a cashless society slave system.

LOL, I am pretty convinced this shit is going sub 1K. Years from now and it will be remembered as a scam of the century, it actually is, admit already that all you are waiting for here is just new bunch of idiots with student loans. No difference with 2014-2015, but this time it will never hit even 10K.

The next 8 hours should be interesting. I suspect a drop to the lower 3K

gonna sleep through the rest

into the HODLcave----> initiate accumulationCAVE tomorrow

sleep tight keep on to your precious COINS

Kinda impressed with how she's trying to hold her head above $3,750.

Figured she'd have dropped to $3,500 by now...

Well, with btc at 2K Van Ecks ETF would be only $50K/share.
also, i think at bakkt the minimal purchase is 10 btc equivalent, so $20K.

I now know for a fact that you’re currently married or divorced because you understand the game. No amount of money in the world and make up for living in hell.

Next drop in ~20 minutes.

Lifetime opportunity is also what they said at 8500 and 6500. Good luck catching this dagger!

hodllllllllll.

until it goes down to 0, just hodllll guys.

I disagree for at least for the retail investors: selling at this stage is mainly lead by fear, while the ones now buying are the crazy ones believing in Bitcoin's value. It takes way more balls and conviction buying in this relentless bear market.

I'm prepared to buy all the way down. I will not begin until we reach the next resistance area around $2,700ish.