Bitcoin sucks ass but price still rises- how come - page 2.

richardsNY

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Quote from: Hyena on May 21, 2017, 10:50:58 AM

Core software isn't what it used to be. It suffers from several regressions in the past version. For example, their OPT-IN RBF is a messy hack that should be ripped off and discarded as crap. Also, Core nodes don't relay double spends which keeps merchants in dark until the double spend gets confirmed by a miner. Their software used to be okey but it's now not even worth to be called Core. When Gavin and Mike stopped contributing to the Core reference client all progress stopped unfortunately Embarrassed

Aren't you one of those very few (but loud) BU supporters? If you keep hammering down on Core's software, which I find to be totally wrong from your side, then at least take the time to look at the buggy software from those BU rats. It doesn't even deserve to be supported by miners, but they just protest vote BU because they don't see value in SegWit. Don't forget that this signalling of support happens with Core. Wink

Hyena

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Quote from: freebutcaged on May 21, 2017, 10:42:13 AM

Either pay $2-$5 as normal fees or shut the fuck up mate, if anyone wants fast network plus low fees they should build their own mining farms and beat BU to the ground.

Tell this to BU devs; why don't they take Core software and then only increase the block size in it without changing any thing else.

I'll bet they'll have some answers for that, yes they want their own version to be accepted blindly just because it solves the block size problem.

If anyone has issues with Bitcoin they should use altcoins with fast network and low fees and let Bitcoin be.

Next stop is $2800 just like when price jumped from $1100 to $1800 we shall see another leap from $2100 to $2800.

Core software isn't what it used to be. It suffers from several regressions in the past version. For example, their OPT-IN RBF is a messy hack that should be ripped off and discarded as crap. Also, Core nodes don't relay double spends which keeps merchants in dark until the double spend gets confirmed by a miner. Their software used to be okey but it's now not even worth to be called Core. When Gavin and Mike stopped contributing to the Core reference client all progress stopped unfortunately Embarrassed

freebutcaged

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Either pay $2-$5 as normal fees or shut the fuck up mate, if anyone wants fast network plus low fees they should build their own mining farms and beat BU to the ground.

Tell this to BU devs; why don't they take Core software and then only increase the block size in it without changing any thing else.

I'll bet they'll have some answers for that, yes they want their own version to be accepted blindly just because it solves the block size problem.

If anyone has issues with Bitcoin they should use altcoins with fast network and low fees and let Bitcoin be.

Next stop is $2800 just like when price jumped from $1100 to $1800 we shall see another leap from $2100 to $2800.

Hyena

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Quote from: Netnox on May 21, 2017, 10:00:36 AM

Quote from: Hyena on May 21, 2017, 07:07:19 AM

Once Bitcoin gets bigger blocks and segwit is history the altcoin bubble is going to crash so hard Grin

How is it going to get bigger blocks, when there is no consensus? I don't care much about SegWit and BU. But this situation can't go on like this. A lot of harm has been done already and the altcoin users are making the maximum use out of it.

Very simple: market demand. Blockstream lies about having the economic majority on their side. Their devs don't even use BTC in their everyday life. The real economic majority are people who use Bitcoin, online casinos and merchants, all of them want smaller TX fees. The block size is bound to be increased either via forking or whatever, it will increase. There's simply so much demand for it especially now when BTC is trading higher and higher every day. Soon BTC will cost so much that no one would even care about the potential drop in price due to forking, besides holders will get to keep coins on both chains.

Netnox

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Quote from: Hyena on May 21, 2017, 07:07:19 AM

Once Bitcoin gets bigger blocks and segwit is history the altcoin bubble is going to crash so hard Grin

How is it going to get bigger blocks, when there is no consensus? I don't care much about SegWit and BU. But this situation can't go on like this. A lot of harm has been done already and the altcoin users are making the maximum use out of it.

btc_angela

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Quote from: sengazumi on May 20, 2017, 01:11:51 AM

Bitcoin has become a pain in the ass latley, transactions are stuck forever even with high transaction fees however the price still keeps rising, why is this

is this a bubble and bitcoin will collapse to pre 1000 again or will it continue to go up?

whats there to do with these transaction fees to be able to send bitcoin

It is not a bubble so I think it will not collapse to pre $1000. Investors are matured enough not to panic sell because of Japan. I agree the high transaction fee is a problem, but people is trusting bitcoin now. That's why they are still buying and using bitcoin. The price is above $2000 and nobody can't stop the price from rising.

Noctis Connor

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As of other see's bitcoin sucks because it took hours before there transaction begin to approved/confirmed but since other wanting to bitcoin price increase more they make the demand more in demand do you know what i wanna meant? Bitcoin is special now more on companies are thinking to use it.

Hyena

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Quote from: mindrust on May 21, 2017, 07:12:01 AM

Believe it or not... Segwit is coming. (get ready for >10k$)

It has come to the point that the community don't give fuck anymore if there will be a chain split or not. Many USD whales saw this and started to buy bitcoins like there is no tomorrow.

Segwit will be activated.

What if BU Fanboys decide mine their own chain? So be it. They can do that but they will stay as an altcoin (BTU) forever. They can keep signaling for BTU if that's what they want. We'll find our soon enough.

you already got your stinking segwit on LTC, not going to happen on BTC. 10k prices would already be here if the block size was increased and segwit dead and buried. Go back under the bridge you troll.

mindrust

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Believe it or not... Segwit is coming. (get ready for >10k$)

It has come to the point that the community don't give fuck anymore if there will be a chain split or not. Many USD whales saw this and started to buy bitcoins like there is no tomorrow.

Segwit will be activated.

What if BU Fanboys decide mine their own chain? So be it. They can do that but they will stay as an altcoin (BTU) forever. They can keep signaling for BTU if that's what they want. We'll find out soon enough.

Hyena

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Once Bitcoin gets bigger blocks and segwit is history the altcoin bubble is going to crash so hard Grin

eaLiTy

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Quote from: AngelSky on May 21, 2017, 06:10:26 AM

Halving mining reduction was the reason for this demand and bitcoin seems to be hold many people even you can look at the traders,they made the bitcoin selling value is higher than the Google value. I missed holding many times. Now, I do not have source to make bitcoin. Simply fed-up of it. I was selling out bitcoin when price is 400$ also now empty pocket.

Halving happened sometime back and the current rally is not because of that,there are several factors to take into consideration when we see a good rally and one thing is that several countries are accepting and legalizing bitcoin ,so that we are seeing more investors and businesses coming up in the crypto market ,then there is the reconsideration of SEC for the approval of ETF and then the economic instabilities around the globe took the price above $2000.

AngelSky

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Quote from: BitHodler on May 21, 2017, 05:49:56 AM

Quote from: the.scientist on May 21, 2017, 05:32:44 AM

The reasons for this are simple. There is a shortage of coins on the market, and people are beginning to realize that storage of value is the main feature of Bitcoin.

It's the demand, plus the panic buying aspect that makes sure that there are less coins available to acquire.

From there it's either you waiting on the side line hoping for the price to go down, or you'll jump in at currently high prices ~ the latter mentioned seems to be the case.

I am glad I have done most of my buying under the $500 mark. Till this day I am still hodling my coins, and I am not yet willing to cash out even a single satoshi.

Halving mining reduction was the reason for this demand and bitcoin seems to be hold many people even you can look at the traders,they made the bitcoin selling value is higher than the Google value. I missed holding many times. Now, I do not have source to make bitcoin. Simply fed-up of it. I was selling out bitcoin when price is 400$ also now empty pocket.

BitHodler

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Quote from: the.scientist on May 21, 2017, 05:32:44 AM

The reasons for this are simple. There is a shortage of coins on the market, and people are beginning to realize that storage of value is the main feature of Bitcoin.

It's the demand, plus the panic buying aspect that makes sure that there are less coins available to acquire.

From there it's either you waiting on the side line hoping for the price to go down, or you'll jump in at currently high prices ~ the latter mentioned seems to be the case.

I am glad I have done most of my buying under the $500 mark. Till this day I am still hodling my coins, and I am not yet willing to cash out even a single satoshi.

the.scientist

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The reasons for this are simple. There is a shortage of coins on the market, and people are beginning to realize that storage of value is the main feature of Bitcoin.

ekoice

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Definitely,bitcoin price is increasing beyond the predicted price at rocket speed.We could guess that japan accepting bitcoin payment is a main reason for price increase.But still,no one expected this huge price rise.On the other side,more transactions are stuck and it would increase more in future.At that time,we could not even make our transaction confirmed with the high fee we pay today.We may have to pay even more transaction fee.

bibiqua

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Quote from: vasrasus on May 20, 2017, 03:10:04 AM

Indeed,as much as possible save it for future , make it a saving since it will be more in value after time pass by.

Any guarantees for this?

vasrasus

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Quote from: 687_2 on May 20, 2017, 02:35:59 AM

Quote from: sengazumi on May 20, 2017, 01:11:51 AM

Bitcoin has become a pain in the ass latley, transactions are stuck forever even with high transaction fees however the price still keeps rising, why is this

Value of XBT is not ultimately based on transaction speed or cost, contrary to common repetition in these forums and on Reddit. The "payments" use case that the consumers and speculators in these forums have such a hard on for is really just not that valuable when looking at the big picture.

Just like the "FX volatility" issue, the "fee volatility" issue will also stabilise in time.

Quote from: sengazumi on May 20, 2017, 01:11:51 AM

whats there to do with these transaction fees to be able to send bitcoin

Pay the higher fee or just don't use it right now and wait for things to sort themselves out. The transition to a fee market is inevitable, and because this is all still in a very early stage there will be more pain to come.

Indeed,as much as possible save it for future , make it a saving since it will be more in value after time pass by.

687_2

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Quote from: sengazumi on May 20, 2017, 01:11:51 AM

Bitcoin has become a pain in the ass latley, transactions are stuck forever even with high transaction fees however the price still keeps rising, why is this

Value of XBT is not ultimately based on transaction speed or cost, contrary to common repetition in these forums and on Reddit. The "payments" use case that the consumers and speculators in these forums have such a hard on for is really just not that valuable when looking at the big picture.

Just like the "FX volatility" issue, the "fee volatility" issue will also stabilise in time.

Quote from: sengazumi on May 20, 2017, 01:11:51 AM

whats there to do with these transaction fees to be able to send bitcoin

Pay the higher fee or just don't use it right now and wait for things to sort themselves out. The transition to a fee market is inevitable, and because this is all still in a very early stage there will be more pain to come.

Duzter

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Bitcoin fee is just an issue all the time when the price pumping happens. Everytime when price increases users try to make good profit buying and selling bitcoin. This creates lot of transactions during those time period, which is the reason for large number of bitcoin transactions getting stuck on the network even when high fee is provided for the transaction.

andron8383

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Quote from: sengazumi on May 20, 2017, 01:11:51 AM

Bitcoin has become a pain in the ass latley, transactions are stuck forever even with high transaction fees however the price still keeps rising, why is this

is this a bubble and bitcoin will collapse to pre 1000 again or will it continue to go up?

whats there to do with these transaction fees to be able to send bitcoin

man traders don't give a fuck to fundamentals so this is going to be bubble. Many people hesitates to join BTC party becouse of scalling and they are sitting in corner buuut there price is rissing and those folks will come from alts to BTC once again. Traders will pump price with scalling or not so don't worry.
5% supply stucked on chain is EVEN helping to pump price short therm mate.

Topic: Bitcoin sucks ass but price still rises- how come - page 2. (Read 2297 times)