Its not like youre factually wrong, I just think your analysis is optimistic.
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Its not like youre factually wrong, I just think your analysis is optimistic.
$903, it seems this forking/mining thing, though I don't understand it, appears to be causing some real trepidation according to bitcointalk chatter
spinning wheel
Micon tweeting a lot about bitcoins past few days. Seems like he is getting nervous about this selloff.
Try to imagine a number where recent buyers throw in the towel. A price that looks like a value again and the the sellers are gone.
Maybe the low of about Jan 11 $750. Anyone who bought above that can't stand the pain any more and capitulate.
If you see the other alts rollover then all bets are off. This would be Snakes observation and it's a good one.
Imagine a man like Druff. Micon and hope done him in.
Who knows? Great story.
Edit
745 offered @ 934.82 on Bitstamp. $700,000 worth someone wants to dump Sloppy trading but BTC, ya know. Not the brightest
Used Mobi for a wallet today. Chinese BTCC
Saw stuff I never saw before. 68 confirmations. I thought there were only 6 max. I used to have access to funds after 2 or 3 confirmations.
I saw partial releases to my wallet. $10 here, $50 there. Huh? Obv taking forever.
This is fucked up. I am dying. This prolly is a crime in progress
Lol. Inscrutable orientals
Why does this location look familiar Sonatine? This has come up before
Been quiet in this thread for a couple days for those who haven't heard the fork war of 2017 appears to be underway. After the biggest miner of BTC announced they were mining BTU it was expected number 2 would follow which would've forced the issue as the two combined control 51% of the mining. This didn't happen as number two is apparently antiBTU at this point. Saying no fork will happen however it's a bit hypocritical when at the same time they are pushing for the soft fork with a protocol change to BTC. Also for those who didn't hear there is a serious problem with BTU now that needs to be addressed in that two exploits have been uncovered which caused a lot of concerns for potential adopters.Quote:
Originally Posted by Sanlmar
Lol. Inscrutable orientals
Why does this location look familiar Sonatine? This has come up before
Where does this leave things. About nowhere at this point. The push for the fork exists but the exploit issues with BTU call security into question. And the side issue of a soft fork would require 95% cooperation to implement and that doesn't seem to be any closer to happening. So we wait and see still as BTC sits back over 1k again.
Personally as of tonight I have now dumped most all my BTC with the exception of a small amount.
Why?
Odds are still long but BTU now has approached 51% and a real attempt to fork could take place.
Basically holding serves NO purpose at this time, prices will drop buy back in or if no split buy back in. Holding right now is risky and serves little upside.
jmo
Interesting news in Bitcoin land.. A compromise maybe in the works to diffuse and as one put it kill the rebellion to create BTU.. A compromise to increase blocksize to 2MB along with an integration of SegWit which was the discussion for the softfork is being discussed which might lead to some sort of agreement of a hardfork/Softfork combination in that the hardfork would be the increase in blocksize to 2MB with the Segwit which has been viewed as the softfork that was being pushed by many to begin with.. The interesting point brought up is whats the point of implementing the hardfork 2MB block issue when Segwit would in fact cause a block size increase anyway.. The concern of many like Druff mentioned on radio before last is that many DO NOT want to see a repeat of the shit storm that occurred when Ethereum underwent its split which caused ultimately ETC to fail to really take off substantially (last trading still in the $2 range while ETH remains in upper $40s to around $50 each). The only for sure is something is going to happen either through another cryptocurrency blowup ala ETH or some consensus will finally prevail to avoid what could be a bloody mess for many involved financially if it gets contentious and causes a ton of uncertainty in the market
PS.. Despite the date this is no April Fools joke
http://www.livebitcoinnews.com/segwi...increase-date/
read the story on another site earlier was just easier to find this story now to give some further credence to the story.
All true, something, sometime has to give/change.
I just see little upside to having all eggs in one basket atm.
Great example, knowing when to jump out is the next great answer ;)
FTP, instead of learning and sharing Segwit why don't you bone up on your Chinese?
莱特币
哈哈哈
Chinese kids apparently don't do the "lol" thing. "233" is now frequently used within young people. and more "3"s there is, more laughing there will be like 23333333
7 day LTC chart
23333333333333333333333333333333
Speaking of 3's...... Bitcoin is recently down 3 billion in market cap & LTC is up 3b
This is all the junk getting bid up at a market top by the Chinese (Snakeintheass theorem)
Along that same note though which is really odd and I just noticed it when I did my monthly cash out of bytecoin I mined.. holyhell the price of BCN has more then doubled.. I was used to the fixed 4-5 satoshi range all of a sudden it was at 11 last night meaning I got twice what I was expecting (usually get enough to pay for trip to the movies or something for the wife and I, had been mining XMR but Moneros been doing weird shit lately and my ZCash miner broke awhile back).
UH OH
http://www.reuters.com/article/us-ne...-idUSKBN17705U
interesting. i guess when you're facing decades behind bars, why not sweeten the pot on your way there.
Just a heads up that Bitcoin hit it's all-time high today.
Quietly not donktown.
You don't get "consent by silence". Sonatine must be tied upQuote:
Originally Posted by GringoStar
First, it hasn't surpassed previous ATH. But yeah, it's a tenacious animal and flirting with territory that threatens the narrative.
But let's stay grounded in reality. Volumes are anemic. Many traders can't exit or withdraw (Bitfinix, Huobi). Less selling pressure. It's utility as currency is weaker than ever (record transaction fees)
Every fresh round of news - good, bad or indifferent - SEC approval, government approval (Japan/Russia), forking... just puts this speculative Ponzi scheme on more opportunist's radar. More buying.
Is Bitcoin itself garnering more fundamental credibility? Look at frigging Litecoin explode. Ethereum 4x since January. Frigging Pepe coin. Really? Casinos offer multiple pit games too.
I will concede this bubble has exceeded my expectations. I should know by now the "wronger longer" theorem of trading as well as anyone. I wake up every day and look at AMZN, TSLA, etc and know what I'm looking at and help myself to a piece regardless. These too will have their day of reckoning.
I get that you have contacts with blockchain developers and that's interesting. But great bricks make nice houses not currencies.
Count me a Gringo fan. I want to help you any way I can. I have proven that by taking time to write this.
sorry i was preoccupied with how donkdown bitcoins are.
a corpse will dance a jig if you put enough electricity through it but its still a dead body.
Jesus Christ. Can someone plz link me to Sonatines last good call?
Sent from my LG-D852 using Tapatalk
Quote:
Originally Posted by DJ_Chaps
http://pokerfraudalert.com/forum/sho...-HE-HAS-A-TYPE
I think i hear your blood struggling to pass thru your clogged arteries, tubs.
Sent from my LG-D852 using Tapatalk
This is zero degrees north, zero degrees east.Quote:
Originally Posted by SanlmarLol. Inscrutable orientals
Why does this location look familiar Sonatine? This has come up before
https://www.geolounge.com/zero-degre...ees-longitude/
That's very interesting. 0.0 Looks bogusQuote:
Originally Posted by Belly BusterThis is zero degrees north, zero degrees east.Quote:
Originally Posted by SanlmarLol. Inscrutable orientals
Why does this location look familiar Sonatine? This has come up before
https://www.geolounge.com/zero-degre...ees-longitude/
It's killing me I can't remember how this came up before. Sonatine or someone had a map showing nefarious web traffic. TOR DreadPirate type shit I thought.
I was hunting down some Bitcoin that I thought I lost using some sketchy Chinese wallet. I eventually got it but now the MLB and my bookie have them.
What possessed you to look this up Belly? So random of you
I didn't look it up. I just know a lot of shit.Quote:
Originally Posted by SanlmarThat's very interesting. 0.0 Looks bogusQuote:
Originally Posted by Belly Buster
It's killing me I can't remember how this came up before. Sonatine or someone had a map showing nefarious web traffic. TOR DreadPirate type shit I thought.
I was hunting down some Bitcoin that I thought I lost using some sketchy Chinese wallet. I eventually got it but now the MLB and my bookie have them.
What possessed you to look this up Belly? So random of you
Basically if you're using some geolocation service and it get's it's knickers in a knot, then it just defaults to 0, 0 which is right there south of Accra in the Atlantic.
Did a cashout last night on BetOnline
While on cashiers page I noticed a different look. Bitcoin was no longer the first (encouraged) option for deposit. It was moved to last place.
There it was - Litecoin in #1 place. Wow. Furthermore, the one line description simply said, "instant deposit". Bitcoin never was described that way. Makes you go hmmm.
I have a gut feeling there is probably one main processor in the online gambling space. You'll probably find Litecoin elsewhere.
And there it is, Litecoin is at an all time high.
It has got me wondering, what is the total handle for online gambling? What percentage of this is altcoin even in legal markets just for the tax dodge. What effect does gambling have on the altcoin price?
As we all know, these are the only purchases ever transacted other than alpaca socks & heroin.
We'll never know Druff. Chad Elie, right?
Of course anything to do with Bitcoin defies conventional logic
Bitcoin runs into trouble like Gox so the price naturally goes up. No doubt folks fleeing Bitfinix by converting any fiat to Bitcoin and thus pushing up prices.
Traders Flee Bitcoin Exchange Bitfinex As It Pauses Wire Transfer
https://cointelegraph.com/news/trade...-wire-transfer
The alts are all over the place. It's like Friday night in Greektown casino.
I think people need to not conflate the stability of Bitcoin platforms with the blockchain. I certainly don't think you are making that mistake, as you appear to overstand what I know about BTC, and I know that part of the speculation on cryto is the ability for technology to facilitate it, but Mt. Gox and Bitfinex are to BTC the same way that AskGeeves was to early search engines.Quote:
Originally Posted by Sanlmar
Now if Coinbase goes down or if Amazon puts out a press release stating they will never adopt a crytocurrency... pull your money out a week ago.
Quote:
Originally Posted by GringoStar
i believe that at one point this was true, and at this point it's nothing but digital AMWAY.
Not true. It's unstable and not a nest to put all or most of your eggs, but it is backed by encryption that creates actual, verifiable scarcity.Quote:
Originally Posted by sonatineQuote:
Originally Posted by GringoStar
i believe that at one point this was true, and at this point it's nothing but digital AMWAY.
I see where you might see Amway and see that there is no product and that people make money off of convincing ten other people that there is a product.
With BTC, there is no product, but that is because BTC itself is not a product. It is a cryto-currency that was once a virtual currency and gained real value online and has become an actual currency. It all has to do with confidence and security, like any currency, and people will continue to mine every last coin, even though it will be in 2140. I don't necessarily think will be around then though, because either the singularity will be upon us or the Internet will go down forever from a nuclear event or gigantic solar flare, etc.
I get it, honestly.Quote:
Originally Posted by GringoStarNot true. It's unstable and not a nest to put all or most of your eggs, but it is backed by encryption that creates actual, verifiable scarcity.Quote:
Originally Posted by sonatine
I see where you might see Amway and see that there is no product and that people make money off of convincing ten other people that there is a product.
With BTC, there is no product, but that is because BTC itself is not a product. It is a cryto-currency that was once a virtual currency and gained real value online and has become an actual currency. It all has to do with confidence and security, like any currency, and people will continue to mine every last coin, even though it will be in 2140. I don't necessarily think will be around then though, because either the singularity will be upon us or the Internet will go down forever from a nuclear event or gigantic solar flare, etc.
But I see words like 'encryption' next to 'actual' and 'verifiable' and 'scarcity' and I says to myself I says, o I've done this dance before.
People thought md5 hash collisions were a lifetime away until someone signed Stuxnet with one.
But in a more immediate context, the cryptocurrency model is attractive primarily to people wearing either grey or black hats, at least on the libertarian spectrum, so while youre almost certainly right regarding their ongoing existence, I see its participant pool shrinking not growing..
Litecoin is pulling a Bitcoin parabolic move.
What a carnival.
My friend purchased 10 Bitcoin ATM's and he is receiving shipment of the 1st one this week. Not sure if that is a sign of a top or not. LOL. I will be helping set it up. From what I understand, the ATM itself has a local wallet and the machine will communicate with a server in the cloud. Clueless about programming but I think it is mostly cut and paste. Should be interesting to see what kind of volume it gets.
I think LiberyX did the very first ATM in Boston.Quote:
Originally Posted by snake_in_the_ass
They have since moved their model to a $100 shared terminal - the sort used to load phone cards and such.
The terminals are placed in retail location especially convenience stores.
Initial cost, maintenance, floor space cost/splits with owner of space. No way BTC ATM looks good
Why not pioneer using existing third party banking ATM's somehow? Hire some nerds to prototype the software and pitch it
Quote:
Originally Posted by snake_in_the_ass
https://uproxx.files.wordpress.com/2...sturbating.jpg
LOL. Any advice on how to set it up?Quote:
Originally Posted by sonatine
Quote:
Originally Posted by snake_in_the_assLOL. Any advice on how to set it up?Quote:
Originally Posted by sonatine
beyond 'dont let anyone near it physically and unplug it from the network' i cant really help there.
Thanks. This is just an experiment by my rich and bored friend. Curious to see how it turns out.Quote:
Originally Posted by sonatineQuote:
Originally Posted by snake_in_the_ass
beyond 'dont let anyone near it physically and unplug it from the network' i cant really help there.
$7500 a unit?Quote:
Originally Posted by snake_in_the_assThanks. This is just an experiment by my rich and bored friend. Curious to see how it turns out.Quote:
Originally Posted by sonatine
You gonna have a corresponding web site? Post address on machine. Every buyer has a phone.
Link to this thread would be helpful too
The big worry is the supplier having a built in backdoor to steal your coins. Any feature of the machine could trigger it and if they have a server component the rogue code could use that authorized port/IP to ship your coins out. Nothing you can do to protect yourself. I've seen a few in convenience stores around here. Never seen anyone using one.Quote:
Originally Posted by snake_in_the_ass