Also launching a node, it takes so long to sync... I think they are purposefully limiting bitcoin with smaller blocks to show their control. I dont believe Maxwell, LukeJr, or Ptodd's lies anymore. I'd rather a known three letter agency operating bitcoin then let those three continue to destroy it. At least with gavnista and tor blacklisting, these were known entities, scaling is supported, and the network would still work. After reading gmaxwells explanation (if you can even call it that) of decentralization in relation to LN I can't see how SegWit & LN are like a 1920's cheap parlor trick. I for one welcome the 75% fork... Let's see them change POW to prevent asics from ruining their coin.

(Sorry, but that argument is crazy. Prevent decentralization by breaking asics so you have to gpu mine. He who has the most cash still rules with that regard, it changes nothing.)

meh....

just be some paedophiles getting Bitcoin to buy thier kiddy porn on the darkweb with....

....now they got their wares, the dump will be the kiddy porn seller cashing out.


Same old Bitcoin as it always was....nothing to worry about.....move along people.......oh, and don't forget to keep on trading Bitcoin and providing liquidity to the market, otherwise the kiddy porn market will have to go back to using credit cards, and that is dangerous!

I hoped to find out a reason for the $6 price increase in this thread, and I hoped people would be discussing it. Instead I found a wall of posts about segwit combined with acronyms like hf and sf. Once upon a time people would have discussed whether the bottom of this dump was in, but now it's all block size debates.

core is reacting, they are firing up new nodes also. interesting battle we got here...

Nope. The only thing it is is a money making train right now. Incredible volumes. The only thing folks are seeing is profit. People would trade a token whose only function would be to make your dachshund sing like Michael Bolton if it made them similar money.

Wow, the price is jumping like crazy. It's in the 370s now. lol

I think its main advantage could be that the founder of the project is still there and functions as a "natural consensus". Also its good that his identity is known.

Apart from that ETH could get the same problems and civilwars that Bitcoin is experiencing.

Don't be too harsh, in BTC we have leaders also!

Adam "I were the first to heard about Satoshi but thought he was a moron" Back, and Greg "I am smarter than everyone else but have no clue about economics" Maxwell are our great leaders!

There are advantages to multiple of the best development minds maintaining bitcoin in consensus. Ethereum investors are going to be in for a rollercoaster when the token starts being used in the wild and Vitalik sets off the bomb to switch from PoW to an untested (in the real world) PoS.

It is one hell of a gamble for a future in which their are no good use cases for the token.

Bitcointalk Default Trust Member Escrow.ms Arrested For Debit Card Fraud
Ahahahahaha
Turtles all the way down

Good point.

All this cultist crap around Satoshi is not healthy.

Looks like the classic nodes are stalling, will be difficult to achieve a majority of classic nodes.

Hopefully the discussion will lead to an upgrade of core to bigger blocks as well, and preferably before the segwit introduction and more importantly soon...

+1
It's like being in a nice, family-friendly casino. You don't win much, but you don't lose much, ether.
Not too noisy, a wide selection of non-alcoholic drinks, the food is priced reasonably, and all the women are sensibly dressed. With name tags, so you can call them by name. "Marry Allen, freshen my cup when you get a chance?"
More personal, I like that.

Yes that is sick, of all the orgaization they're going to ask ransom from they thought of a hospital. What are they thinking.

I'd take you up on that, but I don't want to have $300 tied up in escrow for ten years.  My short is in eminent danger of getting rekt, so I'd have to pull it out of cold storage.  If you're right, $10 worth of bitcoin today would more than cover it!

I agree with you, it looks like the bear market is finally over, but there will be down months after the next bubble.

I guess people figured out even a contended hard fork would not leave two chains for more than a day or two, tops. This blocksize issue is not going to go away, but remember in 2013 we all suspected Gox was insolvent, but it didn't stop the Great Bubble. 

Markets can stay irrational longer than you can stay solvent. Now I'm thinking fullblocalypse and the halving cancel each other out. Either way, they're both well known and likely priced in. 

EVERYONE wants bigger blocks, except for these guys, and it's not because they are all knowing gods and know what's best for us. there are many poeple that understand the nitty gritty details who agree bigger blocks is safe.

Hmm...



http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

Just something I saw. It would fit perfectly. To the Elliott Wave Pattern.
The 5th wave is the only thing which doesn't fit perfectly. Could have been a bit higher... But still.
I also like how it sold off after we barely touched 3000 CNY.

Ouch!
That was a heavy dump!
Finex and stamp had been down to 416!

Plan your trade, and trade your plan. If you fail to plan, you are planning to fail.

Now is the time to buy. We won't see sub $420 for a long long time.

Don't ever go to a bar no more!
We had a hell of dump actually.
I'm having a coffee trying to recover from both a sleepless night and a misty morning with low btc
  price

i feel as tho i'm being manipulated from one side to another over and over and over.

Core is so concerned about node dropoff that they now want to ban any node not running their code. Makes sense.

Once it hits $450 there'll be bunch of Sell Orders so I converted mine to ETH for now. I might be wrong but it's 50/50 so I'll take my chances

Why isn't there a fee spike then? Are those "desperate" people to "make a trade" lacking 2-3-4 cents? Would it be a big impact to their wallet to pay such a small fee if they are going to make so much money from a good trade?

So you are suggesting that tx fees will rise to such a degree that it is cost prohibitive for users to transfer them to exchanges? How high of a fee is this in your opinion?

It's a surprise that it still keeps going up. When this thing started, then I expected it to be out of steam at around 0.015. But currently it doesn't look like it's getting tired.
People are making a blind bet though, because the technical aspects are still very raw. People make their bet based on the idea and the concept of ETH, which are indeed very good.
Lack of any interesting developments with bitcoin are making people look for other prospects and this will be the main cause of this ETH bubble. These endless quarrels are just symptoms of inefficient teamwork and lack of innovative ideas for development.
It currently seems like price growth for ETH is still sustainable. I'm beginning to think that I can have fun with ETH for another month or two. There will probably be some fast and deep drops, but the final floor will probably be a sight.

Well, that's exactly what Classic is doing.
And don't mention it, we cool. I figured it was somthin' like that

got banned..

The amount of FUCD and general misinformed/malicious negativity that has been spread about the halving means there will be a relief rally of some sort when it turns out to be a nothing more than a quite boring, uneventful clicking over of the time-stamping calendar and everything works as advertised on the tin.

For those of us that have been around for the first one it isn't even a consideration but there are probably a lot of new faces who will be apprehensive about the deflationary mechanism in the bitcoin algorithm until they see it work with their own eyes.

I'm going to bed. All this halvening excitement is too much. Good night everyone.

And remember ... the pic on halving ... is the minimal after 2 months.

https://bitcointalk.org/index.php?topic=1207909.msg14273382#msg14273382

Hey we're moving the wrong way!!  lol

I'm hoping all states quake before the glory of the Lord and the ruins crumble into my purse. But that's none of my business.

I'm back! Unfortunately I couldn't make it to the halving party. I hope you guys had a lot of fun. I think that the bitcoin price will never go under 650 ever again. The last chance to buy cheap coins was a couple of days ago.

We wont see 1000USD/BTC "floor" anytime soon.

Remember, last bubble? How many predicted that BTC will actually go down from 1100 to well below 200 a piece? So, for next couple of years I am sceptical, that Bitcoin can leap and stay over 1000 dollars indefinitely.

Ten years down the road? Sure.

If you all do that you are more than welcome to come and have a big party at mine. The wife won't be happy but there you go.

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

Never gonna give you up, never gonna let you down, never gonna turn around and desert you!

The new bitcoin anthem for this new ATH to never gonna give it up!
TO CHINA! HAHAH! Ever again! ETF... ETF... ETF!

That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.

We'll know either way before that Saturday I expect.

ATH again!

Shorts be like



Bbut this growth isnt healthy

Bbbut manipulation

Bbbbut we should decrease


 

Who told you?

Someone on the interwebs?

Sounds like a wish.. rather than anything, no? 

I put the chances of $10k by the end of the year to be less than 10%.. and even 10% would be pretty good, but I am not sure if such a prediction is even that high.   

There will be a price correction but I think that it will just reduce the abnormal +$100 gap between bitfinex and the other exchanges, I don't think that the bitcoin price will crush under $1400 

$4 away from yesterdays ATH on Bitstamp. Is anyone else ready for $1500 to break over there as I am?

Well, I mean... my bitcoins are only worth what they were... well, worth today.

But seriously. Nice slow ride upwards is nice and all, but it doesn't feel like anything special. I think there is still far more to come.

I know this market is particularly irrational, but it was never going to keep going up forever. People will take profits, bulls and bears alike.

Put down the Kool-Aid and buy the dip.

An extremely early good morning Bitcoinland. 9:50AM local time. Isn't that farmer's hours?

Seems we had the massive correction we were all waiting for, dropping $135 at one point... currently $1781 USD (Bitcoinaverage).
 
That's all the way back to where we were the day before yesterday. Oh boo hoo.

Not a buyable dip. Still waiting. Nice to see we're not in a bubble.

Possibly.  Even if it drops though, I'm thinking it's easily strong enough to bottom out over $1500.

Looking at it in perspective, a little drop won't matter, especially since alts seem to have reached their peak and Bitcoin is stronger than ever in the past month.

There's zero chance of that.  The SEC has made their choice and outlined their reasons for it (fraud protection, "penny stock", etc).

I hope no one else has got their hopes up about that, because if they did it would cause at least a slight dip when it's rejected again.

Since we hit a support line at around 1650, we might stay here for a couple of days.

Any thoughts on, if we continue all the way down to 1200 or bounce back to 1800 first?

By the way, the panic was amusing, but it is clear as day we are looking at market consolidation, not start of a bear market.

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

(bitcoin is berry,berry mysterious to me!)

curious if I missed some kinda news on why BTC is pumping.....

(thou come to think of it ...I did dump my current LTC mining hoard into 8 btc yesterday....like minds?)

Another day, another ATH. Meanwhile, true Bitcoin holders be like:

---

On the other side of the Spectrum, "altcoin bagholders", "propagandists", and "paid shills" are like: "Look at the mempool!!! Bitcoin is dead!".

---

I'll get a little excited if we break $2k on Bitstamp and stay there.

We might see 3k much earlier then expected

The volume people 

I am absolutely sure that this time, AGAIN, something happenned that bypassed all or part of the order book. I would like to know WHO was the fortunate guy (or entity) that took the big profit of selling those coins at that high price. And I feel sorry for whomever was liquidated and forced to sell at that artificial high price. It would have been much lower (or maybe he wouldn't even be liquidated in first instance) if our intermediate sell orders had been honored.

I would like to think this is a (recurring) bug, but I am not sure anymore.

I have also seen some complains about this same issue in twitter today:

https://twitter.com/bmx830/status/866916576985047041

i wouldn't mind a little sideways action for more than a day tbqh...

Definitely, slow & steady upwards price increments is the way to go. Much better than huge pumps which are unsustainable & are usually followed by an inevitable dump.

Be nice to break $3000 by the end of 2017, that's my personal hope.