Topic: Bitcoin setting records, $19.8k and half a million blocks milestone (Read 152 times)

I'm actually surprised at bitcoin not breaking the $20k level which i think it will by the end of this year anyways. I would have definitely expected that push to be the final push before the price level settles at $20k or higher.

But still, can't complain about another all time high and i can say that i have cashed out a bit before the high was hit as well. Block #500k is a cool milestone for bitcoin as well, it has definitely stood the test of time now and nobody can accuse it as "new, unreliable technology" anymore.

After this current dip, it should rebound right back to $20k and then a new rally will be initiated.

Yeah congratulations, to satoshi, the devs, the miners and the user base which make bitcoin a reality, many of us got late in bitcoin but in the future many people are going to look at a person buying bitcoin today as an early adopter when bitcoin reaches ridiculous levels on its price.

I wasn't the first adopter but that is a big accomplishment that the industry as a whole has hit and I hope that I am around for the next 500k blocks in order to see what this beautiful industry becomes. Bitcoin the king, hopefully you will be intact and #1 that day!

The price did cross $20000 on many exchanges. The drop below the all time high has lasted only a couple of days. Alts seem to be gaining, but I don't think this trend will be long lived. There is talk about an ETF and that definitely won't be based on alt coins.

With difficult almost always going up, we are a little ahead of schedule:

(3,272 days * 24 hours * 60 minutes) / 500,000 blocks ~ 9.42 minutes per block

Now imagine what the market will be like when we hit 1,000,000 blocks around 2026!

It's pretty insane if you think about everything we have gone through in the last years. From horrible situations where we landed into a long bear market years ago, to extreme euphoria this year. Great thing is that even though people might think we're at insanely high levels right now, it will likely look like peanuts when we're a few years away from now. I unfortunately overlooked the fact that we reached block 500,000 already, which I would gladly have used to have it confirm one of my transactions. I managed to do it with the first 12.5 BTC block, and this would be a great moment too. I feel incredibly well being part of this, especially when I look back at how I even managed to buy sub $200 coins back in 2015.

500000 blocks is already age.
With such luggage you can go to $ 30k.

Yeah I was thinking the same just yesteraday we saw such things happening and today btc is dropping near about 18000. But this time I think that people aren't selling off their btc due to panic instead they are actually diversifying their holdings as you can see that the total market cap in cryptos is increasing and the BTC dominance in the crypto market for the first time has gone below 50% well this explains that BTC has lost its majority in the crypto market and we just can't say that crypto is all because of bitcoin anymore.

You should congratulate your educated big family over Chipmixer, because a beggar such as myself has no Bitcoin, did you know that now I could buy a small cottage with only 0.9BTC? if some body had given me 20BTC when I begged people 2 months ago, I could have bought a big house now.
Maybe if I keep 0.015BTC for this week's begging revenue, I might be able to buy that cottage few months from now. I don't know how many times I've loled, this could be my 1 million lol.

There's nothing that points to a correction on that graph, in fact it looks pretty good, just looks an asset having less volatility.

If you actually go into trading view instead of looking at some lame coinmarketcap.com chart, you can apply TA, and technicals don't look bad to me, in fact im expecting a couple weeks of upside to above $20,000.


But even if it goes the other way and goes below $14,000, is still not a big deal, people with a lot of money want to get big position in bitcoin. When you see a "crash" someone else with a lot of cash is seeing an opportunity, and you don't want to be selling the dips.

Congrats indeed.

It's hard for newer Bitcoiners to even imagine when there were no exchanges or even an accepted monetary value to Bitcoin, when Bitcoin's value wasn't measured in units of fiat currencies but in its value as a disruptive technology.

We've come a long way baby.

We've also got a long way to go. Some day we'll look back at today's block size debates and tx fee angst as being as quaint as paying 10kBTC for a couple of pizzas because no one had ever applied a dollar value to Bitcoin before, or gaining an unprecedented mining advantage by using the massive parallelism of GPUs instead of the mere single, dual or quad core capabilities of CPUs. Will FPGAs even be remembered?

What will the future bring? Obviously Satoshi foresaw that mining block rewards would, after a few halvings, be totally insufficient to support the network. Likewise he must have forseen the need for scaling solutions. One must wonder what he foresaw as future replacements.

One thing that must be conceded is that Bitcoin has taken on a persona and will of its own, that it will continue to evolve organically and that people can contribute and participate, but no one can control Bitcoin. It is a truly world-changing phenomenon.
_____

Thanks for posting those links. What a contrast. Genesis block... difficulty 1. LOL 

Don't worry, the price won't hold at this level for a long period of time.  It is already trying really really hard to maintain the current level.



Look at the graph, you can see constant dumps and then uplifts, just an attempt by the big fishes to take out as much money as possible out of this bubble. It won't be a big new if BTC goes below 14K$ within a week.

It is ironic because we touched that all time high but now the price has dropped a lot, i dont know what the fuck is going on, but now it seems that it wants to have a "floor" between $18700 and $19200, this is kinda strange.
But it will recover soon, it will be touching a new all time high during this week.

these past days we have had a new ATH $19,892 for price on Coinbase which is a phenomenal record in history of bitcoin.

but that is not the only one. in case you missed it, recently block #500,000 [1] was mined. that is half a million blocks mined. and with Genesis block [2] on 2009-01-03 that is nearly 9 years of bitcoin being around and still going strong despite all the naysayers and doomsday machines repeating obituaries for bitcoin all this time.

congratulations to all of us pioneers. the early adopters who are starting at the ground floor.

[1] https://blockchain.info/block/00000000000000000024fb37364cbf81fd49cc2d51c09c75c35433c3a1945d04
[2] https://blockchain.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f