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Bitcoin discussion

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bigbadmoose Traffic Value: $520.60691 United States 0 like this post 0 people 10/03/2017 23:45 It just a bump in the road. Yes the ETF thing was a no. But i figure Bitcoin will rebound soon. Short term you going to have people that caught it for the EFT thing selling off after they gone i think it bounce back up. I am sure there will be some other kind of news come up that makes Bitcoin prices go back up. Bitcoin is the currency stock market. I remember when everyone said it would be gone with in a year. Then it was no one will ever accept it. Then when it broke that huddle it was well the governments will have it outlawed with in a year. Yet Bitcoin is still around and doing great for itself. You stuck with the dream that is MTV. So stick with the dream that is Bitcoin and i think you will be happily rewarded by both. carvalho17 Traffic Value: $28.3459 Brazil 2 like this post 0 people 11/03/2017 00:18 It's going up after all this, I still think there was too much Hype for a low chance of approval. I'm blaming myself for not seeing it before, after all, my balance took a hit but I think btc will recover with time (3-6 months)  vicura Traffic Value: $4,969.3683 Spain 0 like this post 0 people 18/03/2017 14:57 Do anyone know why is btc dropping under 1000$ at thr moment? Is there a reason or just fluctuation? Maybe becauae of etherium +300% in 1 week? gugakip Traffic Value: $739.34329 Belgium 0 like this post 0 people 18/03/2017 15:05 Not sure why, but ether also dropped quite a lot today already (20-25% lost compared to yesterday). Maybe BTC is losing a bit towards other currencies. Also Dash gained 2500% already this year if I recall correctly... thats quite a lot carvalho17 Traffic Value: $28.3459 Brazil 1 like this post 0 people 18/03/2017 15:11 I think the reasons are 1) 20 exchangers published a contingency plan in case of a hard fork that might happen in some (many months) time due to Bitcoin scalability problems (transactions take longer times to be confirmed and with relatively biggers fees now). It includes the possibility of creating a new currency named Unlimited Bitcoin. Read about it here: HERE 2) increased demand for ETH and other coins (as dash)  as bitcoin's future is very uncertain ATM with the crowd indecision about Bitcoin problems (Basically- search about SegWit x Unlimited Bitcoin to more). After the ETF decision, BTC markets went down very fast, and some people saw the opportunity to profit on these other altcoins instead of converting to fiat currency. ETH seems to be correcting now to a lower price (but I think it will stabilize around $30-35). Haven't read much about Dash (other than "new all-time high" everyday) Jose Traffic Value: $39.16202 Bolivia 0 like this post 0 people 18/03/2017 15:17 DASH price now $107! Jose Traffic Value: $39.16202 Bolivia 0 like this post 0 people 19/03/2017 00:04 Bitcoin Unlimited officially on Bitfinex dguy Traffic Value: $15,993.01608 Canada 2 like this post 0 people 20/03/2017 14:27 Plus China announced the crackdown on bitcoin is permanent, not temporary MarcdeKoning - Administrator Traffic Value: $468,983.12758 Netherlands 1 like this post 0 people 20/03/2017 16:21 @Dguy, news source please bozof Traffic Value: $29,464.72207 Slovenia 0 like this post 0 people 20/03/2017 16:38 I am still into ETH same as all my partners. Most of Alts went up last weeks probly cuz of BTC nonsense. Do not think someone can take BTC poleposition anytime soon cuz it is wide used. I am thinking to move my funds into XMR. Any thoughts? bigbadmoose Traffic Value: $520.60691 United States 0 like this post 0 people 20/03/2017 16:45 https://www.cryptocoinsnews.com/chinese-bitcoin-exchanges-suspected-of-violating-laws-says-peoples-daily/ this is the most current thing i can find on china and bitcoins. carvalho17 Traffic Value: $28.3459 Brazil 0 like this post 0 people 20/03/2017 17:26 I think Ether has still a long way to go, but it might get there bozof. Bitcoin will lose more and more as long as they keep fighting.  The only reason btc is still at the top is because they are widely accepted and ether is now being volatile as hell (same for Dash). dguy Traffic Value: $15,993.01608 Canada 0 like this post 0 people 20/03/2017 18:24 I honestly can't remember where I read that Marc. It was in passing somewhere. The closest I can find is about the planned regulations of the Chinese market http://www.zerohedge.com/news/2017-03-17/bitcoin-tumbles-below-gold-china-tightens-regulations bozof Traffic Value: $29,464.72207 Slovenia 2 like this post 0 people 20/03/2017 19:25 Ya, I put many cards on ETH as a long term investment, also DCR and SC. For short time i have my fingers on XMR just did not press it yet irfanismail Traffic Value: $353.19046 India 2 like this post 0 people 21/03/2017 09:28 Is BTC going to split? 1.  BTC. 2.  BTU. There is a lot of confusion in market now.  Whether BTC value will go higher and higher or it would fall drastically down again and what would be the BTU value. If anyone has news about this, please share it here. How will the Bitcoin split affect payments and fraud? In the early months of 2016, one issue dominated all discussion in cryptocurrency: Bitcoin could split in two. Two factions in the developer community emerged over a particular topic and look to serve as the primary provider of currency going forward. Two forms of Bitcoin now exist : Bitcoin Core and Bitcoin Classic. According to tech blog The Verge, the acrimony increased to such a degree that there are now flame wars all throughout key forums related to Bitcoin, including Reddit. The payments industry must pay close attention to how this situation unfolds, as duplicates of practically the same currency can increase the risk of fraud outright. A matter of size The key point of contention in the Bitcoin split concerns the size of the blockchain. A miner creates a series of complex mathematical problems that a computer or supercomputer would solve. The computer then posts the proof to the blockchain, a public ledger, and in return receives bitcoins from a given block. The issue is there is a limit on the size of a block, which is one megabyte. The cap is supposedly in place because its designer, Satoshi Nakamoto, used it as a stopgap to address possible fraud concerns. However, the size limit only functions well in a low-traffic environment because of the fixed rate of mining for bitcoins. As the cryptocurrency slowly gains mainstream acceptance, the rate of people receiving and using bitcoin will outpace the rate of mining. That creates multiple problems. The first is transactions take longer to complete, since everything must go through the blockchain. A longer time to validate a transaction means less certainty about whether someone gets paid. Unlike regular currency, cryptocurrencies like Bitcoin do not deliver the coins until the transaction is confirmed. Bitcoin is on its a way to a split. The second issue, as noted by BTC exchange CoinDesk, is it increases transaction fees. While the currency has a hard-coded fee of 0.0001 BTC, or approximately 4 cents, it establishes the priority line based on when a transaction is confirmed. The standard fee today may force a wait time of up to 13 hours to confirm. Paying more means a higher place in the line. A split in principle Some developers wanted to act on this problem by increasing the block size limit to 2 megabytes. They created their version of Bitcoin, called Classic, with this in mind. That’s where the conflict heated up: The core team of developers behind Bitcoin refused to accept this change for political reasons. Because the larger block size demands more computing power, it caters to miners with the infrastructure to do so. This centralizes power to some degree, going against the founding principle of having a currency without a central authority controlling it. “The threat looms of a person double-spending the same Bitcoin.” While at the moment ecommerce sites shouldn’t be too concerned about the split, it will become an issue if and when Bitcoin Classic performs a hard fork. In that situation, it will become an independent and separate currency from Bitcoin Core. However, as Cornell University noted, this opens up one of the key fraud issues concerning cryptocurrency: the double-spend problem. By concealing information from the recipient of a currency, a person can pass off the same exact currency twice. It’s like taking a dollar you just paid out of the cashier and spending it again without the store noticing. This form of fraud is easier when you reproduce the same information twice, a trivial matter in an age of digital piracy. Satoshi Nakamoto implemented measures to address this problem. However, if the fork occurs, there will be two versions of the same exact currency floating around, making fraudulent activity a real threat. Banks and stores that use Bitcoin should watch the events between the Classic and Core developers closely. irfanismail Traffic Value: $353.19046 India 3 like this post 0 people 21/03/2017 09:43 I got another news that Antpool is planning on switching to BTU (BITCOIN UNLIMITED). bozof Traffic Value: $29,464.72207 Slovenia 0 like this post 0 people 21/03/2017 23:08 Is someone active trading crypto on poloniex here? iguanastreet Traffic Value: $1,904.55166 Germany 0 like this post 0 people 21/03/2017 23:26 @bozof sure do Edit: more like lending bozof Traffic Value: $29,464.72207 Slovenia 0 like this post 0 people 21/03/2017 23:30 So you are lending BTCs ? Rates are awesome at the moment iguanastreet Traffic Value: $1,904.55166 Germany 0 like this post 0 people 22/03/2017 00:08 The thing is I can only work with small amounts. But at least it's safer this way.

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