The Tide Is Turning | Bitcointalksearch.org

Bameras

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Quote from: Jiamaf on January 09, 2016, 04:22:40 AM

Quote from: amacar2 on November 30, 2015, 03:54:28 AM

I think it is similar to past tide where price rise slowly at the first and than after seeing that lots of people start buying till it reach 500 mark and again dump from the one who buys first. Within this week it may touch 600-700.

There is no tide recently. The price is quite steady, trading within a range. So I would call it as wave.

The price is not stable at all. It went down to $360 and went up to $420. That is very volatile recently.

Jiamaf

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Quote from: amacar2 on November 30, 2015, 03:54:28 AM

I think it is similar to past tide where price rise slowly at the first and than after seeing that lots of people start buying till it reach 500 mark and again dump from the one who buys first. Within this week it may touch 600-700.

There is no tide recently. The price is quite steady, trading within a range. So I would call it as wave.

amacar2

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I think it is similar to past tide where price rise slowly at the first and than after seeing that lots of people start buying till it reach 500 mark and again dump from the one who buys first. Within this week it may touch 600-700.

azguard

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Quote from: pattu1 on November 27, 2015, 05:37:28 AM

Quote from: Bameras on November 27, 2015, 02:07:47 AM

The price is still below $400. So the tide is not turning. I do not want the price to go too high. If the price is too volatile, it is not good for the usage of bitcoin.

These huge swings attract a lot of speculators and those with high risk appetite into Bitcoin.
At this stage, we need all kinds of users.

more users more demand and price going up
seem like we will hit 400 in day or two if this continue

jaredboice

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Quote from: pereira4 on November 27, 2015, 12:46:48 PM

Bitcoin XT is a goverment trojan horse, and even then, it failed. I don't think Gavin coming up with that has anything to do with the headliness on some news sites have an impact on price. The variables are way too many to calculate and reduce it all into a single one that would drive the price up, it makes no sense.

All I have to say about Gavin is that I don't trust him. He has met with both the CIA as well as the Council on Foreign Relations. I very much doubt that the CFR video conference with Gavin that we were shown was the only event that took place. He certainly was spoken to by leadership behind the scenes. A meeting must have taken place. And now we see that Gavin is endorsing a version of Bitcoin that "solves a problem" (Hegelian Dialect) yet seems to include trojan horse properties. Is anyone surprised?

manis

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Quote from: Snorek on November 27, 2015, 07:29:02 PM

Quote from: pereira4 on November 27, 2015, 12:46:48 PM

Bitcoin XT is a goverment trojan horse, and even then, it failed. I don't think Gavin coming up with that has anything to do with the headliness on some news sites have an impact on price. The variables are way too many to calculate and reduce it all into a single one that would drive the price up, it makes no sense.

I wouldn't call it a Trojan Horse of government. XT was is just regulation - fair and square regulation which strips bitcoin of it 'free internet money for everyone' status and I hate it for that.
With that being said I think this is not the end of battle for bitcoin, in the future there will be even more attempts to bring down bitcoin functionality, the battle just started.

Attempts to bring down bitcoin functionality? All these debates are good.
What doesn't kill Bitcoin will only make it stronger.

Snorek

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Quote from: pereira4 on November 27, 2015, 12:46:48 PM

Bitcoin XT is a goverment trojan horse, and even then, it failed. I don't think Gavin coming up with that has anything to do with the headliness on some news sites have an impact on price. The variables are way too many to calculate and reduce it all into a single one that would drive the price up, it makes no sense.

I wouldn't call it a Trojan Horse of government. XT was is just regulation - fair and square regulation which strips bitcoin of it 'free internet money for everyone' status and I hate it for that.
With that being said I think this is not the end of battle for bitcoin, in the future there will be even more attempts to bring down bitcoin functionality, the battle just started.

mixan

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Quote from: Kevin77 on November 27, 2015, 02:22:23 AM

Quote from: bitlancr on November 26, 2015, 06:06:51 PM

Quote from: Pollak on November 26, 2015, 10:31:13 AM

I'm glad to see it turning a bit, even though it seems like it's not much it's still fun to see it all happen right now.

I'm hoping we can hit $400 this month we still got a couple of days to go.

Momentum is building up. Since a few days you can see the market is waiting for a turning point.

Either go up, or go down. This flirtation with the 350 barrier makes me a little bit excited to say the least.

Will we go to 400?

May be the black Friday sales a reason for this current trend. Bitstamp showed the day's high as $369 and the prices are getting stable around $350. This must be a good sign for upward momentum from market got struck around $320 levels. Now we can believe price may test $500 levels very soon.

I like the way has progressed. It hasn't jumped to far up to make people doubt in this wave. This is nominal activity for bitcoin to have, so it is nice to see it finally settling this way and not acting arradic.
Think it will be tested at $500 and that will be the first two weeks before the next big buying season coming up.

Jiamaf

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Quote from: pattu1 on November 27, 2015, 05:37:28 AM

Quote from: Bameras on November 27, 2015, 02:07:47 AM

The price is still below $400. So the tide is not turning. I do not want the price to go too high. If the price is too volatile, it is not good for the usage of bitcoin.

These huge swings attract a lot of speculators and those with high risk appetite into Bitcoin.
At this stage, we need all kinds of users.

That is right. We need all kinds of people in this community as long as they can help the adoption of bitcoin.

pereira4

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Bitcoin XT is a goverment trojan horse, and even then, it failed. I don't think Gavin coming up with that has anything to do with the headliness on some news sites have an impact on price. The variables are way too many to calculate and reduce it all into a single one that would drive the price up, it makes no sense.

pattu1

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Quote from: Bameras on November 27, 2015, 02:07:47 AM

The price is still below $400. So the tide is not turning. I do not want the price to go too high. If the price is too volatile, it is not good for the usage of bitcoin.

These huge swings attract a lot of speculators and those with high risk appetite into Bitcoin.
At this stage, we need all kinds of users.

azguard

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tide will be stable on range 350-360$ for btc
unless something big happen over weekend for big but i dont expect some speculate that price may go up but i dont know i end of year yes but for 400 or 500 by end of this month
i dont think so

Kevin77

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Quote from: bitlancr on November 26, 2015, 06:06:51 PM

Quote from: Pollak on November 26, 2015, 10:31:13 AM

I'm glad to see it turning a bit, even though it seems like it's not much it's still fun to see it all happen right now.

I'm hoping we can hit $400 this month we still got a couple of days to go.

Momentum is building up. Since a few days you can see the market is waiting for a turning point.

Either go up, or go down. This flirtation with the 350 barrier makes me a little bit excited to say the least.

Will we go to 400?

May be the black Friday sales a reason for this current trend. Bitstamp showed the day's high as $369 and the prices are getting stable around $350. This must be a good sign for upward momentum from market got struck around $320 levels. Now we can believe price may test $500 levels very soon.

Bameras

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The price is still below $400. So the tide is not turning. I do not want the price to go too high. If the price is too volatile, it is not good for the usage of bitcoin.

ssmc2

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Quote from: bitlancr on November 26, 2015, 06:06:51 PM

Quote from: Pollak on November 26, 2015, 10:31:13 AM

I'm glad to see it turning a bit, even though it seems like it's not much it's still fun to see it all happen right now.

I'm hoping we can hit $400 this month we still got a couple of days to go.

Momentum is building up. Since a few days you can see the market is waiting for a turning point.

Either go up, or go down. This flirtation with the 350 barrier makes me a little bit excited to say the least.

Will we go to 400?

Yes

bitlancr

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Quote from: Pollak on November 26, 2015, 10:31:13 AM

I'm glad to see it turning a bit, even though it seems like it's not much it's still fun to see it all happen right now.

I'm hoping we can hit $400 this month we still got a couple of days to go.

Momentum is building up. Since a few days you can see the market is waiting for a turning point.

Either go up, or go down. This flirtation with the 350 barrier makes me a little bit excited to say the least.

Will we go to 400?

AndySt

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I agree that the tide is turning but not clear in what direction and for what period of time. Before that it is limited only to isolated bursts of graphics.

Pollak

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Pollak

I'm glad to see it turning a bit, even though it seems like it's not much it's still fun to see it all happen right now.

I'm hoping we can hit $400 this month we still got a couple of days to go.

afbitcoins

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Quote from: dragonseer on November 26, 2015, 09:21:15 AM

Quote from: afbitcoins on November 26, 2015, 07:07:29 AM

But I'm still unclear about what happens to the bitcoins in your wallet in practical laymans terms. Say they get more than 70% of network and fork to XT. What does that actually mean? Does that mean you have to download an XT wallet to be able to use your bitcoins ? What happens to the ones on the old core wallet ?

The fork is structured so you don't have a say, it either happens to the network or it doesn't. The Bitcoins in the old core wallet have to be 'approved' by the new network. If XT goes ahead and you don't like it, you will have to abandon ship. Think of it like a validation layer, while the 'blocksize' stuff is just there to justify this takeover.

Edit: One possiblity is that if XT is about to go ahead, the Core developers may release an update, so if you want to stick with 'traditional' Bitcoin, then you will have two blockchains splitting off. You will have plenty of warning if that is the case.

Thanks dragonseer I think that clears up my understanding of it.

I have to say all of this just makes Dash even more appealing. Dash has built in governance, masternode operators will vote on any such changes. Additionally developers have a budget paid by the blockchain. Much more democratic much better position to grow from.

dragonseer

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Quote from: afbitcoins on November 26, 2015, 07:07:29 AM

But I'm still unclear about what happens to the bitcoins in your wallet in practical laymans terms. Say they get more than 70% of network and fork to XT. What does that actually mean? Does that mean you have to download an XT wallet to be able to use your bitcoins ? What happens to the ones on the old core wallet ?

The fork is structured so you don't have a say, it either happens to the network or it doesn't. The Bitcoins in the old core wallet have to be 'approved' by the new network. If XT goes ahead and you don't like it, you will have to abandon ship. Think of it like a validation layer, while the 'blocksize' stuff is just there to justify this takeover.

Edit: One possiblity is that if XT is about to go ahead, the Core developers may release an update, so if you want to stick with 'traditional' Bitcoin, then you will have two blockchains splitting off. You will have plenty of warning if that is the case.

Topic: The Tide Is Turning (Read 2926 times)