You may be correct, but frequently I am skeptical when price predictions are too specific and lacking in qualifiers.  That's a decent number, though... I frequently am hypothesizing that once prices go past $502 (which really seems to become inevitable after $480, then prices are going to shoot into the $600 to $650 territories... and certainly overshooting towards $680 is not outside of normal irrational bitcoin history, which seems quite likely to continue.

Even tho I doubt you paid 12hun for a coin, I assume you bought dozens more in the 2hun range and are sort of set at this point, or u should be. But, your last sentence pointed you out as a butt-tard and you love it. game, set, match.

Some serious shaking going on

... because reading the bears endless tales of misery, lies, jealousy and porn-terror-drugs-kiddie inuendo was so healthy for bitcoin, a historic world changing technology built by their superiors.

These guys will go down in the records as some of the biggest muppets EVER, immortalised in the blockchain.

If you believe that I could be a troll, you probably need to look up the definition of troll, newbie.

It's looking as if you are inclined to provide some advice here, and accordingly, I will assert that I do not engage in a practice similar to what you have outlined above.

Thank goodness at least one of these miners has [some semblance of] a spine... Time to start talking about PoW changes again?

Max blocksize limit must be decreased not increased. What Core devs accepted, as max blocksize increase road map, is already on the verge of gambling with the future of bitcoin. Arguing with big blocktards like Jihan Wu is a waste of time. He'd better move his pool on mining altcoins.

You're a paid jew banker shill account so of course you want there to be a fork to two chains, that's the fastest way for the price to go down.  Accounts registered in 2016 pretending not to be shills and talking about hostile hard forks LOL.

Nice, so you just proved you have the ability to have 2 different web browsers open and spam Jew banker propaganda in both windows at the same time.  What a feat!  You get a $2 bonus from the JIDF this month!

Yeah, they put together the estimate by looking at p2sh movements, 150k moved today... allegedly related to finex hack, so, if you do the math...

https://twitter.com/jyap/status/760586477151539201

https://www.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/

I love how companies like Coinbase (who have never had a breach) get attacked on reddit/bitcoin mercilously and constantly on a daily and weekly basis...

...meanwhile on there no one ever attacks Bitfinex, simply shrugs off their hacks and constantly shady crap with a 'whatever'.

 

I really hope Bitfinex never recovers from this, I hope they finally go down in flames.

I wasn't aware that bitfinex have ever said much about block size, certainly not to the extent of coinbaseman or we'd know about it. they're in the business of quietly screwing everyone, not getting involved in block politics.

Still way too early to call.

I mean, let's assume they lost 50% of their holdings in customer funds, then yeah, what you say could be correct.

At this time, we do not have enough information to confirm that they lost 50% of customer funds, and we are really in the dark until Bitfinex makes some kind of clarifying statement to give us some kind of ballpark idea of the real scope of the problem (even if they are not completely transparent about it, we still need to get some thing from them or some other authority that is able to more solidly confirm the matter), and price could shoot upwards or downwards based on the disclosures of actual facts... and it is even possible that BTC prices are currently going back up somewhat in anticipation that the news is not as bad as the worse case scenarios that are currently being painted.

dude u should follow this https://np.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/d61oetn?context=3&st=ire3xc91&sh=1b8fd2f8

I think that a lot of us are in a state of credulity regarding what appears to be the severity of the loss in this situation, and then especially the way that Bitfinex went down today, the nature of their notice and their so far failure to clarify the situation with more specifics. 

It surely would be nice if they truly did exercise any level of security close to that with their systems .. but, yeah, i think a lot of us are having considerable doubts about whether those are valid security claims... and then access to cold storage would be through only a limited number of Bitfinex agents.. and security does not always prevent insider jobs, but then again, there could be some ability to trace insider jobs, too.

I think that I already addressed these issues, no, and aren't we getting a bit repetitive? 

Sure, we have some information sources speculating about what could be going on at bitfinex, and we also need to hear more from bitfinex about what they are asserting and to figure out the extent that they are being frank or if the rumors and speculation points are overly exaggerated.

Yeah, we gotta take some of what they say with a grain of salt, but going on a whole bunch of speculations regarding the worst case scenarios and aftermath remedies seems to be quite a bit premature.. even though you could be correct that the situation is as bad or worse than expected... so yeah, we gotta prepare for continued volatility that could go in either direction.. neither direction is guaranteed at this point and based on the largely speculative information currently available.

yep they are gonna sell a lot of papers and web eyeballs....and wait for it at the end of the week when the miners say they are gonna say FU to bitcoin core
and fork

then we will have a pity party of epic proportions (the other shoe to drop)

FML

Are you saying there is no solution to the scaling problems? I didn't quite catch that

It feels like the cryptomarket is just waiting for a solid scaling solution to happen for the price to skyrocket...

Still in Alpha. Prob minimum 6 months out.

Glad to be missed...


I am back!!!!!!

How long has it been? it appears to have been set at "medium priority" with a fee of less than $.02 and a quantity of about $66.  Projected to confirm in 6 blocks, but even if it takes a day, are you in a rush?  Why would you assume that you are going to lose the money, unless it has been more than a day?

Why do you seem to feel some kind of insecurity in that you want to try to battle with me regarding some point that I did not make?

For your edumacation, BMBG, that's referred to as a strawman argument, which by definition is a creature of your own creation.

I would like to point out, however, that frequently folks raise the issue of transaction amount and fee amount in the same sentence in order to clarify the current fee situation within bitcoin in which, as you pointed out BMBG, largely the fee amounts are not synchronized with the transaction amount - and so a transaction will receive a very similar levels of priority in processing based on the pure fee amount (which could be anywhere between $.02 and $.20), yet the value of of the transaction could be $66 or $66,000 .. yet people still like to disclose the value of the transaction in order to consider the value of the bitcoin network and to compare fees that may exist in mainstream fiat institutions or some kinds of attempts to electronically transmit value outside of mainstream fiat institutions.

Another exaggeration...  (and I did not really think that you, Elwar, were the exaggerating type)

What bullshit.

If we keep the 1MB blocksize limit we might also stay on $600 for decades.
[snip]

Had stuff happen to me a few times. Sometimes I would break even and wonder if it was worth the time and gas.

But every good trade builds your reputation so it's good in the long term.