The bitcoin price has risen from $400 to $469 now. What is the reason for the current price? No XT or Classic?
that is just normal fluctuation of the bitcoin price. It is the same as before. There is no big news to drive the price.
Topic: Fall due to Coinbase trying to push through XT and change leadership ? (Read 2255 times)
May 09, 2016, 03:16:00 PM
that is just normal fluctuation of the bitcoin price. It is the same as before. There is no big news to drive the price.
April 25, 2016, 03:44:19 AM
The bitcoin price has risen from $400 to $469 now. What is the reason for the current price? No XT or Classic?
April 12, 2016, 05:51:01 AM
Does anybody think when the SegWit comes out later this month, the price of bitcoin will be pumped?
Anything that increase the block size and make transaction more smooth will push up the prices of bitcoin.
April 04, 2016, 02:49:20 PM
Does anybody think when the SegWit comes out later this month, the price of bitcoin will be pumped?
March 28, 2016, 03:00:54 AM
What? Coinbase will adopt classic? that is surprising to me as I have read some critics railing on classic as not being a very professional team. I am happy if it works well though.
When the miners convert to Classic, so will the developers. These people will adapt to the new scheme.
February 29, 2016, 02:32:23 PM
What? Coinbase will adopt classic? that is surprising to me as I have read some critics railing on classic as not being a very professional team. I am happy if it works well though.
February 29, 2016, 02:21:29 PM
The KNC has adopted the Bitcoin Classic and Coinbase will use Classic as well. The price has risen.
The price is still higher than a few weeks ago. So the market reaction to the classic going alive is quite positive.
February 25, 2016, 07:31:03 AM
The KNC has adopted the Bitcoin Classic and Coinbase will use Classic as well. The price has risen.
February 05, 2016, 10:50:10 PM
Well I was mocked by some when I made the thread (cognitive dissonance?) but the pattern is very clear now. News that increases likely-hood of contentious hard fork always leads to price drops. When coup attempts seem unlikely and support for them drops price increases.
Some (too many to actually recall) of the notable events:
XT released: huge drop
XT looses support price increases
Coinbase CEO and some other companies gives support to XT, price drop
XT looses support price increases
Coinbase says it is trailing XT, price drops
XT looses support price increases
Classic is announced price drops
Classic claims support of majority miners (admittedly Mike 'traitor' Hearn Rage quit then also and influenced price) price drops sharply
Classic binaries released and Gavin makes more pro fork propaganda, price drops
Some (too many to actually recall) of the notable events:
XT released: huge drop
XT looses support price increases
Coinbase CEO and some other companies gives support to XT, price drop
XT looses support price increases
Coinbase says it is trailing XT, price drops
XT looses support price increases
Classic is announced price drops
Classic claims support of majority miners (admittedly Mike 'traitor' Hearn Rage quit then also and influenced price) price drops sharply
Classic binaries released and Gavin makes more pro fork propaganda, price drops
Exactly. Correlation between any development positive to hard fork and negative price movement is so strong, it's not even funny. And this is still with hostile hard fork probability VERY VERY low. But now it seems that corporate interests behind this hostile takeover attempt are not going to give up so easily. So, probability of hard fork and network split is steadily increasing. Once it becomes a REAL possibility, THEN the actual dump starts.
With millions of dollars from investors to keep happy I doubt Blockstream will idly stand by and allow a hard fork from Classic to activate. It is more likely that Classic will hasten progress of SegWit and a hard fork from Core later in the year.
February 05, 2016, 10:24:04 PM
Well I was mocked by some when I made the thread (cognitive dissonance?) but the pattern is very clear now. News that increases likely-hood of contentious hard fork always leads to price drops. When coup attempts seem unlikely and support for them drops price increases.
Some (too many to actually recall) of the notable events:
XT released: huge drop
XT looses support price increases
Coinbase CEO and some other companies gives support to XT, price drop
XT looses support price increases
Coinbase says it is trailing XT, price drops
XT looses support price increases
Classic is announced price drops
Classic claims support of majority miners (admittedly Mike 'traitor' Hearn Rage quit then also and influenced price) price drops sharply
Classic binaries released and Gavin makes more pro fork propaganda, price drops
Some (too many to actually recall) of the notable events:
XT released: huge drop
XT looses support price increases
Coinbase CEO and some other companies gives support to XT, price drop
XT looses support price increases
Coinbase says it is trailing XT, price drops
XT looses support price increases
Classic is announced price drops
Classic claims support of majority miners (admittedly Mike 'traitor' Hearn Rage quit then also and influenced price) price drops sharply
Classic binaries released and Gavin makes more pro fork propaganda, price drops
Exactly. Correlation between any development positive to hard fork and negative price movement is so strong, it's not even funny. And this is still with hostile hard fork probability VERY VERY low. But now it seems that corporate interests behind this hostile takeover attempt are not going to give up so easily. So, probability of hard fork and network split is steadily increasing. Once it becomes a REAL possibility, THEN the actual dump starts.
February 05, 2016, 09:59:18 PM
Well I was mocked by some when I made the thread (cognitive dissonance?) but the pattern is very clear now. News that increases likely-hood of contentious hard fork always leads to price drops. When coup attempts seem unlikely and support for them drops, price increases.
Some (too many to actually recall) of the notable events:
XT released: huge drop
XT looses support price increases
Coinbase CEO and some other companies gives support to XT, price drop
XT looses support price increases
Coinbase says it is trailing XT, price drops
XT looses support price increases
Classic is announced price drops
Classic claims support of majority miners (admittedly Mike 'traitor' Hearn Rage quit then also and influenced price) price drops sharply
Classic binaries released and Gavin makes more pro fork propaganda, price drops
Some (too many to actually recall) of the notable events:
XT released: huge drop
XT looses support price increases
Coinbase CEO and some other companies gives support to XT, price drop
XT looses support price increases
Coinbase says it is trailing XT, price drops
XT looses support price increases
Classic is announced price drops
Classic claims support of majority miners (admittedly Mike 'traitor' Hearn Rage quit then also and influenced price) price drops sharply
Classic binaries released and Gavin makes more pro fork propaganda, price drops
November 11, 2015, 03:23:39 AM
Yep, safe to say we're way outside the mean.
Negative correlation for the last two years. What gives?
The chart is showing you what you will get: Higher prices in the future.
I also expect higher prices in the future but not because of "MOAR TRANSACTIONS" but because of "MOAR HOLDERS".
November 11, 2015, 03:16:05 AM
Yep, safe to say we're way outside the mean.
Negative correlation for the last two years. What gives?
The chart is showing you what you will get: Higher prices in the future.
November 11, 2015, 03:07:40 AM
Yep, safe to say we're way outside the mean.
Negative correlation for the last two years. What gives?
November 11, 2015, 03:01:12 AM
In one paragraph why you have to be seriously out of your mind to try and stop bigger blocks:
The key to linking things together is recognizing that the only two things that give currency value are network effect and rarity. The network effect of Bitcoin is hugely affected by the number of transactions you can fit per block. For example, if Bitcoin could only do 10 transactions per day, only someone that's mentally insane would argue that doesn't create a huge glass ceiling for network effect, the main place the currency derives value from. TPS obviously does matter and keeping 1MB blocks is detrimental to price.
Exactly.
The past 2 years have clearly shown that Bitcoin transaction levels are not correlated to its market value.
The past 5 years have clearly shown that Bitcoin transaction levels are correleated to its market value.
Thousandfold increase of both levels. @r0ach is 100 pct right.
How pleasant the world must be living with such a simple mind.
Your selective correlation joke is ridiculous and transparent. Correlation goes like that:
November 11, 2015, 02:55:57 AM
In one paragraph why you have to be seriously out of your mind to try and stop bigger blocks:
The key to linking things together is recognizing that the only two things that give currency value are network effect and rarity. The network effect of Bitcoin is hugely affected by the number of transactions you can fit per block. For example, if Bitcoin could only do 10 transactions per day, only someone that's mentally insane would argue that doesn't create a huge glass ceiling for network effect, the main place the currency derives value from. TPS obviously does matter and keeping 1MB blocks is detrimental to price.
Exactly.
The past 2 years have clearly shown that Bitcoin transaction levels are not correlated to its market value.
The past 5 years have clearly shown that Bitcoin transaction levels are correleated to its market value.
Thousandfold increase of both levels. @r0ach is 100 pct right.
How pleasant the world must be living with such a simple mind.
November 11, 2015, 02:54:02 AM
In one paragraph why you have to be seriously out of your mind to try and stop bigger blocks:
The key to linking things together is recognizing that the only two things that give currency value are network effect and rarity. The network effect of Bitcoin is hugely affected by the number of transactions you can fit per block. For example, if Bitcoin could only do 10 transactions per day, only someone that's mentally insane would argue that doesn't create a huge glass ceiling for network effect, the main place the currency derives value from. TPS obviously does matter and keeping 1MB blocks is detrimental to price.
Exactly.
The past 2 years have clearly shown that Bitcoin transaction levels are not correlated to its market value.
The past 5 years have clearly shown that Bitcoin transaction levels are correleated to its market value.
Thousandfold increase of both levels. @r0ach is 100 percent right.
November 11, 2015, 02:50:13 AM
more likely to be selling and or spending for China Singles Day
November 11, 2015, 02:48:07 AM
In one paragraph why you have to be seriously out of your mind to try and stop bigger blocks:
The key to linking things together is recognizing that the only two things that give currency value are network effect and rarity. The network effect of Bitcoin is hugely affected by the number of transactions you can fit per block. For example, if Bitcoin could only do 10 transactions per day, only someone that's mentally insane would argue that doesn't create a huge glass ceiling for network effect, the main place the currency derives value from. TPS obviously does matter and keeping 1MB blocks is detrimental to price.
Exactly.
The past 2 years have clearly shown that Bitcoin transaction levels are not correlated to its market value.
November 11, 2015, 02:42:32 AM
In one paragraph why you have to be seriously out of your mind to try and stop bigger blocks:
The key to linking things together is recognizing that the only two things that give currency value are network effect and rarity. The network effect of Bitcoin is hugely affected by the number of transactions you can fit per block. For example, if Bitcoin could only do 10 transactions per day, only someone that's mentally insane would argue that doesn't create a huge glass ceiling for network effect, the main place the currency derives value from. TPS obviously does matter and keeping 1MB blocks is detrimental to price.
Exactly.
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