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Topic: Bitcoin Under Attack Stay Strong (Read 2012 times)

hero member
Activity: 798
Merit: 527
November 24, 2017, 10:02:57 AM
#66
Seems that everything is fine at the moment and bitcoin price is recovering.
Though i hadnt thought that Koreans were pumping BCH Smiley

That's because they weren't. It was the Chinese. Bitmain switched to mining it, slowing down the Bitcoin network as a result.
I've read that the Chinese government could ban mining. This should be the end of BCH pump and the Chinese manipulation. It wasn't an attack on Bitcoin but rather a way to make money on BCH pumping, but we can see by the falling prices that it did not go as planned. Or did it? Lips sealed
No other currency can replace bitcoin, bitcoin will be king forever because it is providing good opportunities to its users to earn more and be among rich in future. It is more promising and helping investors to get into promising projects and earn a lot. Many currencies can give bitcoin a tough competition but will not be able to replace it
hero member
Activity: 980
Merit: 506
November 19, 2017, 02:29:10 AM
#65
This is unexpected that BTC is falling and BCH has surged a lot. I always thought BTC is a good investment option as compared to BCH but this sudden surge in BCH valuations makes me thinking if it is a good idea to also start investing in BCH. Is it possible that BCH can reach parity or pass BTC?
It is becoming hard to say anything about bitcoin cash or predict anything, the boast has made me to gaspe in astonishment at the worth of bitcoin cash, it is really questioning to start investing in bitcoin cash, but i don't think that bitcoin cash will beat bitcoin, that is even more promising and gives a high output, rise and fall are part of every currency and bitcoin will also boast
newbie
Activity: 5
Merit: 0
November 16, 2017, 12:09:12 PM
#64
I have some money just waiting to buy bitcoins. Should i buy it over 7k, like it is right now, or should i wait for the next dip? Do you guys think it will even have another dip soon?

Hi Kureijibitcoin, Based on my opinion, you would never know when the dip would happen. If I were you, I would buy bitcoins now since as you can see the charts at https://www.coinbase.com/dashboard, you could see that the price of bitcoin is on the way up. You could just invest your bitcoins now, and let it increase. Afterwards, if for some reason you find out that the "dip" would happen, just sell your btc and you could even buy more btc with that price you got. Just keep on being updated with the news in bitcoin and find out the results of segwit2x and hardforks if it would increase or decrease the value or on how it would affect the value of bitcoin.

Thanks for the reply, tinochan412.

These days, it reached way below 7k, because of the chinese pump on BCC. I was waiting, perhaps, for it to happen again, since i want to buy as low as i can. Unfortunately, my money didn't get to the exchange on time to buy at that price. Guess i'll just have to live with it and buy at the current price, which isn't too bad actually.
newbie
Activity: 42
Merit: 0
November 16, 2017, 11:37:09 AM
#63
I have some money just waiting to buy bitcoins. Should i buy it over 7k, like it is right now, or should i wait for the next dip? Do you guys think it will even have another dip soon?

Hi Kureijibitcoin, Based on my opinion, you would never know when the dip would happen. If I were you, I would buy bitcoins now since as you can see the charts at https://www.coinbase.com/dashboard, you could see that the price of bitcoin is on the way up. You could just invest your bitcoins now, and let it increase. Afterwards, if for some reason you find out that the "dip" would happen, just sell your btc and you could even buy more btc with that price you got. Just keep on being updated with the news in bitcoin and find out the results of segwit2x and hardforks if it would increase or decrease the value or on how it would affect the value of bitcoin.
newbie
Activity: 5
Merit: 0
November 16, 2017, 11:30:36 AM
#62
I have some money just waiting to buy bitcoins. Should i buy it over 7k, like it is right now, or should i wait for the next dip? Do you guys think it will even have another dip soon?
sr. member
Activity: 504
Merit: 251
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November 16, 2017, 11:25:51 AM
#61
No need to panic just hold. It's just a temporary blip. I bet there is a few that are sorry the got rid of there bch now.
legendary
Activity: 2618
Merit: 1103
November 16, 2017, 11:03:36 AM
#60
Seems that everything is fine at the moment and bitcoin price is recovering.
Though i hadnt thought that Koreans were pumping BCH Smiley

That's because they weren't. It was the Chinese. Bitmain switched to mining it, slowing down the Bitcoin network as a result.
I've read that the Chinese government could ban mining. This should be the end of BCH pump and the Chinese manipulation. It wasn't an attack on Bitcoin but rather a way to make money on BCH pumping, but we can see by the falling prices that it did not go as planned. Or did it? Lips sealed
full member
Activity: 238
Merit: 100
November 16, 2017, 10:14:31 AM
#59
Care to explain what is actually here? It seems to me that there is some sort of a silent panic happening all over the Bitcoin holders worldwide. Some are listening to the FUD that Bitcoin is about to die and be replaced by Bitcoin Cash soon...how true can that be? This is one of the most uncomfortable times to be in cryptocurrency where people in the same industry are killing each other...oh I forgot it is all about greed and opportunism...we are still dogs anyway!
I don't think any of this is really being perpetuated by FUD, I'd be more inclined to believe a lot of the market happenings are because of the pump for BCH (which is having its own fork iirc and they're trying to pump it so it stays relevant, along with take a ton of money in the process). There was a selloff of BTC, followed by the BCH pump, I have a feeling the two are closely related and a lot of whales were the cause of the market movements. There isn't anything else that would have caused the market to experience a downturn, of course, unless my predictions of a correction finally happening were true.

Still positive from where it was before though. It's not like Bitcoin is in the negatives, and this very well may have been a bubble.
You need not to worry even though bitcoin is under attack. You just have to stay strong, This is what is killing bitcoin and ethereum could replace bitcoin's market cap.  The uncertainty of bitcoin or bitcoin cash as the replacement has miners going from verifying bitcoins to bitcoin cash, and it is creating a spike in bitcoin cash's price.  I thought that bitcoin would be her to stay, which is more than likely, but it shouldn't have to worry about bitcoin cash taking over a majority of miners while bitcoin is waiting for transactions to clear.
sr. member
Activity: 652
Merit: 250
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November 16, 2017, 10:13:19 AM
#58
The difficulties doesn't seem to go for bitcoin . Now Koreans are backing up BCH .
Even though many people are dumping bitcoin and backing up BCH , bitcoin value has still come to $7.2 k . I seriously don't understand why there are so many panics through out the bitcoin community . In the past , many people have backed up an another altcoin but they ultimately ended up coming back to bitcoin . All the difficulties faces during the transactions and the mining fees will be back to normal as soon as bitcoin regain its highest value ( which is already in progress).
sr. member
Activity: 441
Merit: 250
November 16, 2017, 10:09:38 AM
#57
Btc has finally retrieved and BCH's temporary pump is finally and gradually getting over. BTC is once again set to reach new all time high.
sr. member
Activity: 504
Merit: 268
November 16, 2017, 10:06:52 AM
#56
these koreans trying there best to pump BCH.

Do Not Sell BTC, and avoid doing transition for few hours


good luck for solo miners





Give Me Your TXN ID i may be able to accelerate it
it is true brother? keep hold and tight right? i dont think its not major effect in whole countries
Even though bitcoin is under attack I believe that it would stay strong, This is what is killing bitcoin and ethereum could replace bitcoin's market cap.  The uncertainty of bitcoin or bitcoin cash as the replacement has miners going from verifying bitcoins to bitcoin cash, and it is creating a spike in bitcoin cash's price.  I thought that bitcoin would be her to stay, which is more than likely, but it shouldn't have to worry about bitcoin cash taking over a majority of miners while bitcoin is waiting for transactions to clear.
hero member
Activity: 2282
Merit: 532
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November 16, 2017, 09:56:57 AM
#55
This doesn't mean its an attack. Some group has been trying to pump the price value of bitcoin cash causing price drop with bitcoin. This hasn't sustained long, and now the price of bitcoin had got retained and towards new ath while bitcoin cash after reaching close to $2000 seems slipped towards $1000.
full member
Activity: 378
Merit: 101
November 16, 2017, 09:53:31 AM
#54
Having the belief to btc will not gonna put us in vain and it looks like the BCH bubble is slowly popping out, getting the price from $3000 down to $1000 that still continues to dump.

The transaction will also slowly getting back to normal as I tested out to pass a some sats to my Friends wallet and got confirmed within 1 hour so it is not bad because i used to increase the transaction fee a bit.

It looks like that this attack make's bitcoin more expensive as it is getting to $8000 very soon because btc suddenly jumps to a price of $7454 which is a promising one.
full member
Activity: 140
Merit: 100
November 16, 2017, 09:29:09 AM
#53
these koreans trying there best to pump BCH.

Do Not Sell BTC, and avoid doing transition for few hours


good luck for solo miners





Give Me Your TXN ID i may be able to accelerate it
Even bitcoin is under attack it keeps on being strong. This is what is killing bitcoin and ethereum could replace bitcoin's market cap.  The uncertainty of bitcoin or bitcoin cash as the replacement has miners going from verifying bitcoins to bitcoin cash, and it is creating a spike in bitcoin cash's price.  I thought that bitcoin would be her to stay, which is more than likely, but it shouldn't have to worry about bitcoin cash taking over a majority of miners while bitcoin is waiting for transactions to clear. Bitcoin is as strong as a money currency nowadays.
full member
Activity: 1106
Merit: 166
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November 16, 2017, 09:09:45 AM
#52
these koreans trying there best to pump BCH.

Do Not Sell BTC, and avoid doing transition for few hours


good luck for solo miners





BCH will reached 2-3k  Grin

My BTC transactions has been sitting for almost 2days now.
How much did you even put for a fee? and how big is your bitcoin transaction?
Yes, Bitcoin might be under attack but, I sent some bitcoins to my friend without having any problems (Yes, the fee might be big at this time) I set it to 90 Sats/b and it took like 30 Mins to 1 Hour to get confirmed without any problems.

The situation is already back to normal after the BCH price started to fall now the number of pending transactions is about 60K,it has been significantly lowered in two days.So you can make the transactions as always.But the fee is little bit higher due to the pending transaction is higher than the normal level of pending transaction which is about 30K .
newbie
Activity: 5
Merit: 0
November 16, 2017, 09:04:50 AM
#51
I don't think that bitcoin will go down i think that bitcoin will keep going higher and higher in value. So i will keep investing and keep making money.
I hope a lot of investors will also keep investing in it.
sr. member
Activity: 378
Merit: 250
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November 16, 2017, 08:54:37 AM
#50
Seems that everything is fine at the moment and bitcoin price is recovering.
Though i hadnt thought that Koreans were pumping BCH Smiley
full member
Activity: 448
Merit: 102
November 16, 2017, 08:52:10 AM
#49
Why is everyone against bitcoin cash? Is it only because you hold bitcoin?

Don't you think it's good to have bigger blocks and faster transactions? Makes bitcoin currencies more mainstream

All I know is that it detracts from and competes with bitcoin.  The publicity from this attack can only be bad for the price of whichever coin ends up on top.

It's a real concerted attack, with miners deserting BTC and the BCH price being being pumped at the same time.  Is there also a flood of BTC transactions happening at the same time?

I can't sell my BCH because I want to move my BTC off the same addresses first, and transactions aren't being confirmed fast enough.  Currently 46 minutes since the last block.
I think bitcoin is now use to with different challenges and bitcoin know how to face these challenges in past bitcoin face banned from different countries and also there was a different fork have come on the way of bitcoin so this time again if any challenge come toward bitcoin I’m quitsure that bitcoin will defeat it because people support bitcoin.
rpg
hero member
Activity: 728
Merit: 500
November 13, 2017, 08:54:36 AM
#48
I hope this attack will finish soon, i believe in bitcoin but if the price will go down 5k i will start panicking.
Maybe this attack will make bitcoin stronger then before, who knows! at the meantime, the community have to figure out a way to stop such attacks in the future.
Anyway, i think it is a good opportunity for traders to make extra profit, a trader should know what to do even in bad situations.

I believe in it too. And all this bitcoin+shit is just not honesty players at market. They want to disappoint  some investors and make a good money from nothing
full member
Activity: 854
Merit: 103
November 13, 2017, 08:44:49 AM
#47
I will agree with the author of the post: patience, friends, do not get rid of Bitcoin. What is going on now with BCH is nonsense. There will be an end of Bitcoin Cash pump. It is done on purpose to push folks sell their BTC.  Huh
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