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Topic: Bitcoin IS basically DESTROYED - page 6. (Read 47260 times)

member
Activity: 107
Merit: 10
Bitcoin unionhead who's neglecting fiat :)
January 07, 2017, 12:27:54 PM
I don't think that bitcoin will destoyed any soon  Tongue As I see from the last weeks I can say that's not like 2013, it's even better Wink I think 2017 will gives us many surprises Wink
legendary
Activity: 1092
Merit: 1000
January 06, 2017, 09:51:40 PM

That actually is kind of scary! You must be God himself.


Hey ,

No Blasphemy , some of us do Believe in a Higher Power.

Wizard is the highest title , I would accept.


 Cool

FYI:
Buying any BTC before the end of January 2017, is just going to be a waste of money.
sr. member
Activity: 434
Merit: 250
January 06, 2017, 09:33:28 PM
Some are going to panic selling now but it's still not the right time to buy, just watch the price carefully. In relation to dropping that small, I don't think it will happen again, $300 is too small man.

Of course it won't drop to $300. He's just spreading FUD to help promote the coin in his signature. Watch out, ZEIT Coin may be the next Bitcoin  Grin  Grin  Grin

Peak = $1185
Current = $850
Hmm, $1185-$850 = $335

Lost $335 in less than 2 days,  does not look like fud to me.

Kind of scary , how on accurate my prediction is .  Wink


 Cool

That actually is kind of scary! You must be God himself.
legendary
Activity: 1092
Merit: 1000
January 06, 2017, 09:31:31 PM
Some are going to panic selling now but it's still not the right time to buy, just watch the price carefully. In relation to dropping that small, I don't think it will happen again, $300 is too small man.

Of course it won't drop to $300. He's just spreading FUD to help promote the coin in his signature. Watch out, ZEIT Coin may be the next Bitcoin  Grin  Grin  Grin

Peak = $1185
Current = $850
Hmm, $1185-$850 = $335

Lost $335 in less than 2 days,  does not look like fud to me.

Kind of scary , how on accurate my prediction is .  Wink


 Cool
sr. member
Activity: 434
Merit: 250
January 06, 2017, 09:25:35 PM
Some are going to panic selling now but it's still not the right time to buy, just watch the price carefully. In relation to dropping that small, I don't think it will happen again, $300 is too small man.

Of course it won't drop to $300. He's just spreading FUD to help promote the coin in his signature. Watch out, ZEIT Coin may be the next Bitcoin  Grin  Grin  Grin
legendary
Activity: 1092
Merit: 1000
January 06, 2017, 09:23:29 PM
Some are going to panic selling now but it's still not the right time to buy, just watch the price carefully. In relation to dropping that small, I don't think it will happen again, $300 is too small man.

Nothing but speculation holding up the BTC market, there has been no massive increase in public or vendor adoption,
Buying any BTC before the end of January 2017, is just going to be a waste of money.

BTC price was less than $300 for the entire year of 2015, only the halving allowed this manipulated spike of over ~$1100, and it will be 2020 (next halving) before they can trick the public into paying these insane prices again.  Wink


 Cool
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
January 06, 2017, 09:13:15 PM
You didn't answer my question but thank you for numbers that without your tin foil and speculation are completely harmless. Like I said, mining pools ≠ miners. No threat, not even with a 51% attack.

The Answer is in front of you , if you deluded yourself into missing it , that's on you and no one else.
Funny how you even ignored it when I posted the Chinese Miner admitted they could 51% attack BTC and win.

http://www.coindesk.com/china-miners-big-blocks/
Quote
It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.


 Cool



Even China controls 68% mining power does not mean they will do a coordinated attack. What is the point they want to attack it if they have the majority of the shares? doesn't make sense to me.

It all makes sense now, his blatant trolling is to promote his own coin in his signature, haha. http://www.zeit-coin.net/


And your Blatant Stupidity is trying to keep BTC above $1100 bucks,
BTC is now ~$900 and still dropping, looks like you failed.  Cheesy

 Cool

FYI:
Wait to buy BTC under $300 , then Cash out at the Next Halving in 2020, when rampant speculation & manipulation drives the price high again.
Anyone that buys BTC before the end of January 2017, is going to feel taken, watching the price drop for the next few years.

Some are going to panic selling now but it's still not the right time to buy, just watch the price carefully. In relation to dropping that small, I don't think it will happen again, $300 is too small man.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
January 06, 2017, 09:05:36 PM
You didn't answer my question but thank you for numbers that without your tin foil and speculation are completely harmless. Like I said, mining pools ≠ miners. No threat, not even with a 51% attack.

The Answer is in front of you , if you deluded yourself into missing it , that's on you and no one else.
Funny how you even ignored it when I posted the Chinese Miner admitted they could 51% attack BTC and win.

http://www.coindesk.com/china-miners-big-blocks/
Quote
It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.


 Cool



Even China controls 68% mining power does not mean they will do a coordinated attack. What is the point they want to attack it if they have the majority of the shares? doesn't make sense to me.

It all makes sense now, his blatant trolling is to promote his own coin in his signature, haha. http://www.zeit-coin.net/


And your Blatant Stupidity is trying to keep BTC above $1100 bucks,
BTC is now ~$900 and still dropping, looks like you failed.  Cheesy

 Cool




In fact, that's a bitcoin bubble. To many the peoples were getting trap by the bubble of bitcoin.

The Chinese have played the price.
Honestly, I don't miss the moment, with a lot of fact about the Chinese influence and that makes the real thing about the Chinese intervention in bitcoin.  Cheesy
legendary
Activity: 1092
Merit: 1000
January 06, 2017, 08:52:46 PM
China ~67% of combined hash rate is Fact, not speculation.
51% attack security issue is Fact, not speculation.

People that can not connect the dots are not really that bright.  Wink


 Cool

FYI:   Cheesy
legendary
Activity: 1092
Merit: 1000
January 06, 2017, 08:49:48 PM
You didn't answer my question but thank you for numbers that without your tin foil and speculation are completely harmless. Like I said, mining pools ≠ miners. No threat, not even with a 51% attack.

The Answer is in front of you , if you deluded yourself into missing it , that's on you and no one else.
Funny how you even ignored it when I posted the Chinese Miner admitted they could 51% attack BTC and win.

http://www.coindesk.com/china-miners-big-blocks/
Quote
It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.


 Cool



Even China controls 68% mining power does not mean they will do a coordinated attack. What is the point they want to attack it if they have the majority of the shares? doesn't make sense to me.

It all makes sense now, his blatant trolling is to promote his own coin in his signature, haha. http://www.zeit-coin.net/


And your Blatant Stupidity is trying to keep BTC above $1100 bucks,
BTC is now ~$900 and still dropping, looks like you failed.  Cheesy

 Cool

FYI:
Wait to buy BTC under $300 , then Cash out at the Next Halving in 2020, when rampant speculation & manipulation drives the price high again.
Anyone that buys BTC before the end of January 2017, is going to feel taken, watching the price drop for the next few years.
newbie
Activity: 5
Merit: 0
January 06, 2017, 05:45:38 PM
Get a freaking room!

your both clueless... everyone is just speculating... come with solid facts or shut up...

one fun fact:
Fill a room with idiots and retards, the one with the biggest mought and most confidense is likely to be followed by the rest. because they all dont know any better so the guy that shouts a lot will probably know...

stop trying to be the retard with the biggest mouth...
legendary
Activity: 1918
Merit: 1728
January 06, 2017, 08:28:38 AM
Bitcoin's price is determind by market forces that is demand and supply. How can you say China controls bitcoin?
Are you saying, farmer growing apples in his field detemine the price of apple!!
sr. member
Activity: 434
Merit: 250
January 06, 2017, 08:09:09 AM
You didn't answer my question but thank you for numbers that without your tin foil and speculation are completely harmless. Like I said, mining pools ≠ miners. No threat, not even with a 51% attack.

The Answer is in front of you , if you deluded yourself into missing it , that's on you and no one else.
Funny how you even ignored it when I posted the Chinese Miner admitted they could 51% attack BTC and win.

http://www.coindesk.com/china-miners-big-blocks/
Quote
It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.


 Cool



Even China controls 68% mining power does not mean they will do a coordinated attack. What is the point they want to attack it if they have the majority of the shares? doesn't make sense to me.

It all makes sense now, his blatant trolling is to promote his own coin in his signature, haha. http://www.zeit-coin.net/
legendary
Activity: 1092
Merit: 1000
January 06, 2017, 01:26:32 AM
Even China controls 68% mining power does not mean they will do a coordinated attack. What is the point they want to attack it if they have the majority of the shares? doesn't make sense to me.


Trade Disputes or Land Disputes are way more important to China, than BTC.
Only the right circumstances have to occur for them to exert their control of BTC for all of the world to see.
1 such possible incidence could be in territorial disputes which are more important to them than BTC.
https://en.wikipedia.org/wiki/Territorial_disputes_in_the_South_China_Sea

Hell, China still claims they Own Taiwan.
http://nationalinterest.org/blog/the-buzz/are-china-taiwan-heading-towards-conflict-17860


 Cool
sr. member
Activity: 504
Merit: 250
January 06, 2017, 01:18:24 AM
You didn't answer my question but thank you for numbers that without your tin foil and speculation are completely harmless. Like I said, mining pools ≠ miners. No threat, not even with a 51% attack.

The Answer is in front of you , if you deluded yourself into missing it , that's on you and no one else.
Funny how you even ignored it when I posted the Chinese Miner admitted they could 51% attack BTC and win.

http://www.coindesk.com/china-miners-big-blocks/
Quote
It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.


 Cool



Even China controls 68% mining power does not mean they will do a coordinated attack. What is the point they want to attack it if they have the majority of the shares? doesn't make sense to me.
legendary
Activity: 1092
Merit: 1000
January 06, 2017, 01:06:58 AM
Quote
1. You didn't answer my question.   YES I DID, YOU JUST TOO BLIND TO REALIZE IT.

2. An argument from authority is one of the worst you can make, so stop linking that same article, which also doesn't answer my question, or prove why the next point I'm about to make is incorrect.  
Ignoring even when a Chinese Miner Says it , must strain your delusion.


3. A catastrophic 51% attack isn't at all realistic and wouldn't be all the catastrophic.

Satoshi himself warned of the dangers of a 51% attack in his white paper as the most Dangerous Threat to BTC.
Let Say China goes to a Trade War with the US, because of a 45% tariff on imported goods, (Because of their fiat currency manipulations)
in response China exerts their control over the Chinese Mining Pools to Block ALL BTC transactions except those approved by the Chinese Government.
In effect freezing everyone's BTC assets except those that agree with them on an indefinite basis.
The Fact is BTC has already lost the World's Trust, BTC is now only as reliable as your ability to stay in China's Good Graces.
Clueless and Naive people are unable to grasp this , so you will be caught totally off guard , when China proves beyond a shadow of a doubt that they control BTC,
but by then it is too late for you as they will leave you bankrupt and destitute.


Your Statements Prove One Thing,
 You really don't understand how BTC works and how dangerous a 51% attack is.

Let's put it this way ,
Freezing your BTC in place is no different than a Bank Freezing your Money in your checking account,
you may still own it, but you can't spend it for food , shelter , or medical treatment.

So it is Worthless until they let you spent it, which won't be until you call them Daddy and do as you are told,
do you understand now Junior?



 Cool
sr. member
Activity: 434
Merit: 250
January 06, 2017, 12:42:04 AM
You didn't answer my question but thank you for numbers that without your tin foil and speculation are completely harmless. Like I said, mining pools ≠ miners. No threat, not even with a 51% attack.

The Answer is in front of you , if you deluded yourself into missing it , that's on you and no one else.
Funny how you even ignored it when I posted the Chinese Miner admitted they could 51% attack BTC and win.

http://www.coindesk.com/china-miners-big-blocks/
Quote
It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.


 Cool



1. You didn't answer my question. You can in no way confirm that the 250 people that attended that conference represent 51% of the ENTIRE bitcoin network. You would be naive to make such a claim.
2. An argument from authority is one of the worst you can make, so stop linking that same article, which also doesn't answer my question, or prove why the next point I'm about to make is incorrect.
3. A "catastrophic" 51% attack isn't at all realistic and wouldn't actually be all that "catastrophic".
legendary
Activity: 1092
Merit: 1000
January 06, 2017, 12:38:23 AM
You didn't answer my question but thank you for numbers that without your tin foil and speculation are completely harmless. Like I said, mining pools ≠ miners. No threat, not even with a 51% attack.

The Answer is in front of you , if you deluded yourself into missing it , that's on you and no one else.
Funny how you even ignored it when I posted the Chinese Miner admitted they could 51% attack BTC and win.

http://www.coindesk.com/china-miners-big-blocks/
Quote
It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.


 Cool

sr. member
Activity: 434
Merit: 250
January 06, 2017, 12:32:10 AM
If the Chinese have 67% of the mining capacity why have they not acted on it, and why has no one else acted on it? Maybe because they don't? Hmmmm.

Nah, most people are like you they don't bother to check.

Chinese Mining Pools
______________________________
AntPool  17.6%
BTC.com   3.9%
BTCC        8.9%
BW.com   10.9%
F2Pool     15%        
HaoBTC     5.5%
ViaBTC      6.4%
_____________________________
Total   68.2%


 Cool

FYI:   http://www.btcpedia.com/bitcoin-51-attack/
Quote
Bitcoin 51% Attack
    Reverse transactions that he sends while he’s in control.
    This has the potential to double-spend transactions that previously had already been seen in the block chain.
    Prevent some or all transactions from gaining any confirmations.
    Prevent some or all other miners from mining any valid blocks.

FYI2:
There are 196 countries in the world today.
BTC is controlled by 1 country China.
BTC= BETTER TRUST CHINA

You didn't answer my question but thank you for numbers that without your tin foil and speculation are completely harmless. Like I said, mining pools do not equal miners. No threat, not even with a 51% attack.
legendary
Activity: 1092
Merit: 1000
January 06, 2017, 12:28:48 AM
If the Chinese have 67% of the mining capacity why have they not acted on it, and why has no one else acted on it? Maybe because they don't? Hmmmm.

Nah, most people are like you they don't bother to check.

Chinese Mining Pools
______________________________
AntPool  17.6%
BTC.com   3.9%
BTCC        8.9%
BW.com   10.9%
F2Pool     15%        
HaoBTC     5.5%
ViaBTC      6.4%
_____________________________
Total   68.2%


 Cool

FYI:   http://www.btcpedia.com/bitcoin-51-attack/
Quote
Bitcoin 51% Attack
    Reverse transactions that he sends while he’s in control.
    This has the potential to double-spend transactions that previously had already been seen in the block chain.
    Prevent some or all transactions from gaining any confirmations.
    Prevent some or all other miners from mining any valid blocks.

FYI2:
There are 196 countries in the world today.
BTC is controlled by 1 country China.
BTC= BETTER TRUST CHINA


FYI:
At the moment , they are using their combined strength to block Segwit, (It can't get higher than 30% support, needs 95% to activate.)
(Which BTC Core Dev Team wanted implemented, but will fail because of the Chinese Miners.)  Wink
 
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