Currently it seems that the situation has calmed down and that BTC continues upwards,in the way to go two steps forward and one step back.We see that price is changing on daily basis around 300-500$ and this is look good,slower growth is always better in the long run.
Regarding possible new attacks,they are always possible by the people who are behind BCH and Segwitx2.Their objective is known,to replace original BTC with BCH and I think that previous events represent only the beginning of their plan.Price of BCH is now stable above 1000$ and if/when they try to pump it again they provided a much better starting position then before.
Although I hope that people know to learn from their mistakes,so that each next attack will not have the effect of the previous one.Finally BTC showed
that it has great support and that it can be quickly recovered.
Topic: Are We Already Back On Track? (Read 924 times)
I think so. We are already on our road back to $7,000. Of course there will be some more corrections soon as we are heading to $10,000 but I will not expect a lower dip just like what happened during the BCH rally. Bitcoin Silver is also scheduled this December that gives BTC holders more reason to buy and hold.
It appears to fluctuate to such a large extent that it's difficult to know where the track is sometimes!
It goes up and down every month! It's not a surprise and there is no signs that it will continue to grow or BTH will become the #1. Whales pupm one coin today, another one tomorrow. Just follow the flow!
I definitely think bitcoin is "back again". Yes, this was an (attempted) attack on BTC with a big dump and pump into BCH.
I am kind of suprised how easy BTC was taking this dump. A drop of no more than 10-15% and being back up within 3-4 days.
I think this shows the current strength of bitcoin. BTC is no longer that vulnerable to such kind of pump/dump "attacks".
BCH follower tried to make people lose the faith in bitcoin and wanted people to switch over to BCH.
The fewest people were thinking about BCH.. most of them just panic selled and followed the whales. This probably lead to a loss from people who jumped onto BCH "too late".
Increasing the block size by 8x.. without even testing how the network reacts.. followed by such a dump/pump makes me really chink BCH was only forked to scam people and make big profit.
I am kind of suprised how easy BTC was taking this dump. A drop of no more than 10-15% and being back up within 3-4 days.
I think this shows the current strength of bitcoin. BTC is no longer that vulnerable to such kind of pump/dump "attacks".
BCH follower tried to make people lose the faith in bitcoin and wanted people to switch over to BCH.
The fewest people were thinking about BCH.. most of them just panic selled and followed the whales. This probably lead to a loss from people who jumped onto BCH "too late".
Increasing the block size by 8x.. without even testing how the network reacts.. followed by such a dump/pump makes me really chink BCH was only forked to scam people and make big profit.
We all see this drama. But they are too strong to affect the entire bitcoin chain block. The stagnation that has taken place so long that the chaos has taken place. They can do once, there will be a second time and the trust of the BTC stability is shaken
In light of what happened just last week where an apparent attack against Bitcoin was staged and manipulated by some groups supposedly connected with and to prop up the value of BitCoinCash, I felt a little bit discouraged because I realized that anytime the same thing can be done anytime and soon an attack can caused irreversible damages to Bitcoin.
Right now, things are getting back to normal and Bitcoin is showing the resiliency that many expected it would. Down the road, it is maintaining its strength in the $6,700 - $6,900 level and we all happy and satisfied with it. Do you think we are already back on track?
price-wise we may be on track as others point above, but transaction-wise, the Core client still wants me to pay radiculous transaction fees
In light of what happened just last week where an apparent attack against Bitcoin was staged and manipulated by some groups supposedly connected with and to prop up the value of BitCoinCash, I felt a little bit discouraged because I realized that anytime the same thing can be done anytime and soon an attack can caused irreversible damages to Bitcoin.
Right now, things are getting back to normal and Bitcoin is showing the resiliency that many expected it would. Down the road, it is maintaining its strength in the $6,700 - $6,900 level and we all happy and satisfied with it. Do you think we are already back on track?
If that uncofirmed transactions become 40k-50k then bitcoin is back. Right now is 70-80k uncofirmed. 
I would like to think so. BCH has stopped growing, and BTC is approaching $7000 again. We should go even higher once BCH people realize they are supporting a lost cause and dump for BTC.
Bitcoin had been tested and proven against crisis in the market place. Bitcoin's foundation is totally strong enough and it become more vulnerable from attacks but it the end, still they are failed. Bitcoin is back on track now and it's price are gradually increasing and possible for breaking a new price record in the market place. 
People who switched to bitcoin cash during the days of sudden price increase of bitcoin cash and decrease of bitcoin might have started to switch to bitcoin making some good profit. The growth has begun to move on the track in which we were traveling before the price drop. This time it could take us high to reach $8000 or more before the year end.
Yes and definitely a high price we can see in restoring the vitality of bitcoins. So buy bitcoins as much as its price is cheap. That we can not repent at the end. It is expected that By the end of December the price will increase by $ 10,000 and a further 20,000 $ by the middle of 2018.
We could be through the drama. But I doubt to be honest. We could still make a move to $10k and then drop 50%.
There were great news with the MAN Group, Square cash and CME launching their Bitcoin futures in second week of december.
This might have stopped the down turn.
If we break $7000 which I see as a significant resistence level, and then $7500 we will probably go for 8k and more. But looking at the weekyl and monthly charts, let's me assume we will see a bigger correction sooner or later. I'm not talking about a bear market here. But a correction to coold down things a bit which lets us move up for hopefully much more months or another year maybe.
I would like to think so. BCH has stopped growing, and BTC is approaching $7000 again. We should go even higher once BCH people realize they are supporting a lost cause and dump for BTC.
It is not that people supported BCH, more like the individuals backing that altcoin up thought they can attract people with it's pump but that pump is just a bubble. Poor people who bought BCH at the time the price is growing, they are now awake to the reality that BCH will never go beyond bitcoin.
yes it is back but big winner is Roger and his BCH because price bumped a lot and he proof that can make some control of Bitcoin (just spam system till get full block size 1 MB )and till now big problem about bitcoin not solve so this problem will back with next fork happen or high number of Demand .
about fee will take more than couple of days
about fee will take more than couple of days
hold when it drop, 
It is hard to tell what 'on track' really means these days.
I have started to look at bitcoin business as a moment to moment business.
Bu I suspect the times of the major movements have cooled off and I suppose ot will stay that way for a while.
The no-2x-news was surprising to many people, and crypto currencies react on surprises with large movements.
Now that the surprise about that news has settled, the movements have settled as well.
Until the next surprise comes.
I have started to look at bitcoin business as a moment to moment business.
Bu I suspect the times of the major movements have cooled off and I suppose ot will stay that way for a while.
The no-2x-news was surprising to many people, and crypto currencies react on surprises with large movements.
Now that the surprise about that news has settled, the movements have settled as well.
Until the next surprise comes.
Right now, things are getting back to normal and Bitcoin is showing the resiliency that many expected it would. Down the road, it is maintaining its strength in the $6,700 - $6,900 level and we all happy and satisfied with it. Do you think we are already back on track?
In terms of price, yes. And I'm not sure that bitcoin was 'off track' at all because a short correction to $5000-6000 after such spike was a completely expected move. Mining, fees and unconfirmed transactions are a different story, the situation seems to be still far from normal.
An individual or just a small group of people can not influence the price of bitcoin for a long time. Bitcoin is the currency for the masses not just a concept for one rich man. So any time you see something like that just relax.
last week it was surprising for the bitcoin holders to drop dramatically because of the failure of segwit2x, but everyone can see for themselves the bitcoin price now and I think the bitcoin price for now has improved and started to normal again with prices ranging from $ 6,700- $ 6,900, very good.
In light of what happened just last week where an apparent attack against Bitcoin was staged and manipulated by some groups supposedly connected with and to prop up the value of BitCoinCash, I felt a little bit discouraged because I realized that anytime the same thing can be done anytime and soon an attack can caused irreversible damages to Bitcoin.
Right now, things are getting back to normal and Bitcoin is showing the resiliency that many expected it would. Down the road, it is maintaining its strength in the $6,700 - $6,900 level and we all happy and satisfied with it. Do you think we are already back on track?
I never doubt with the capability of bitcoin, sudden attack of greedy people to the bitcoin are always there to destabilize. Those who buy bulk of bitcoin few days ago at 5600 $ had big profit now at 6900$ per btc. If we all just keep HODLing bitcoin together, there is no way that others can destroy bitcoin.
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