The Bubbly Bitcoin Thread -- Merged Threads

[GreenDevil]

In the news Fed are thinking of making a fiat garbage coin. Probably driving this drop. 

[GreenDevil]

9 hours ago, markyh said:

No idea. toss a coin. But if it goes back down to retest the 200 WMA around $5k now i'm adding to my position.

 

13 hours ago, reddog said:

Bitcoin now well under $8k, what is the next move?  Up or down?

Down... 4k on the cards or lower I reckon. If it gets to 2k, load the boat! 

[goldbug9999]

32 minutes ago, GreenDevil said:

In the news Fed are thinking of making a fiat garbage coin. Probably driving this drop. 

Every central bank seems to be "thinking about it" for a couple of years now, noone gives a shit, least of all active bitcoin traders. The drop is no more due to this than the previous pump was anything to do with chinese government blockchain announcement. Its big holders trying to rattle the market in order to buy more.

Edited November 22, 2019 by goldbug9999

[sexton]

Any Onecoin believers in here?

https://www.bbc.com/news/stories-50435014

[adamLancs]

So now we can compress random blocks of data like blockchain from gigabytes to kilo bytes and it's all that needed to happen for everything to seem interesting again.

Edited November 24, 2019 by adamLancs

[markyh]

23 hours ago, adamLancs said:

So now we can compress random blocks of data like blockchain from gigabytes to kilo bytes and it's all that needed to happen for everything to seem interesting again.

We were way off track ahead of ourselves, probably due to the Chinese scam coin. 4 year Cycle wise 2019 should be similar to 2015, where from a 2013 $1200 high, 2015 peaked at $500.  so looking at the same ratio from a 2017 £20k top we should have never gone above $8300 this year, and we have been at least 1/2 the year so far and we are only $1k off.  This is about right because this time late November 2015 was around $400 , which would equate to about $6700 .

Funny enough about where we are then. So in my eyes we have just corrected to where we should be in the 4 year cycle. Things should now stay in the $6k-$7k range until after the halving then a rise back towards $14k with another fall back. Bigger moves should come this time next year with the $20k ATH being broken in Jan 2021. 

So i'm not worried and if we get back to test the 200WMA around $5k then i'm putting another £2k in via my SIPP.

 

[adamLancs]

On 24/11/2019 at 15:19, adamLancs said:

So we can compress random blocks of data like blockchain from gigabytes to kilo bytes and it's needed to happen for everything to seem interesting again.

Yep but we're back on track.

[Simhadri]

BitCoin can FORCE to break the hold of banks.

If big players like China/Japan encourage bitcoin, we'll interesting consequences.

Would love to see Mark Carney's face in such case.

[goldbug9999]

On 24/11/2019 at 15:19, adamLancs said:

So now we can compress random blocks of data like blockchain from gigabytes to kilo bytes and it's all that needed to happen for everything to seem interesting again.

Not sure what your getting at here but blockchain data is too high entropy to be usefully compressible.

[markyh]

Has everyone interested prepared to claim their free Bitcoin dividend with Richard Hearts new CD (interest on deposit) styled Crypto , Hex ?  You can claim 50k Hex per BTC from tomorrow 4th December.

Snapshot was 1st December and today is the adoption amplifier phase where you can stake ETH for a share of 1 Billion Hex. 

Do it it's easy I did it all in five mins. You need you access to your Bitcoin address and private keys to sign a sig, a ETH Metamask  plug in wallet for google chrome, with some ETH in it for gas payment (pennies) to mint your free claim on 4th December. 

I had sold all my ETH so I traded a small amount (£15 worth) of LTC ofr ETH, put it in the Metamask wallet, left 50p worth for gas for freeclaim tomorrow and staked 0.11 ETH today for a share of todays 1 Billion adoption amplifier bonus. 

There is also a referral bonus link system where if you use it you get a 20% bonus and so do I, mine is below. 

https://HEX.win/?r= 0x37ddFe42A506c688C4955804f439F97981a1C553

It's free, claim it, 13000 ETH have already been staked so far today, meaning about a 77k hex bonus per ETH staked today.

 

Interest video explaining hex not by Richard Heart ;

 

 

 

 

 

[markyh]

All done free claiming my HEX from my Bitcoin holdings. With referral and early claiming bonuses (you can use your own referral link to free claim!) and the 0.11 eth I chucked into yesterday’s adoption amplifier I have gained roughly 78k HEX that cost me about £18. Had I kept the 0.11 eth after gas payments would have 5700 less HEX and would have cost me about 5p in GAS to freeclaim. 
 

looking at last trades seems it’s worth about $100. Have “staked” the whole lot for about 14 months to see what happens. 
 

From next week anyone who had BTC at the snapshot December 1st and doesn’t freeclaim asap will lose 2% per week and after 50 weeks without claiming will have lost 100% of their claim. All unclaimed hex is divided between those that did claim in week 51. It’s free, claim it. 

[adamLancs]

On 25/11/2019 at 22:43, goldbug9999 said:

Not sure what your getting at here but blockchain data is too high entropy to be usefully 

The idea is you can compress a 1gb blockchain to 1kb and send it around for 1kb bandwidth. Then you send an adaptation every time there are new blocks. Some of the overhead is moved toward the processor and away from storage and that allows smaller nodes to flourish. No second layer required but might be useful to someone.

[adamLancs]

On 05/12/2019 at 01:33, markyh said:

All done free claiming my HEX from my Bitcoin holdings. With referral and early claiming bonuses (you can use your own referral link to free claim!) and the 0.11 eth I chucked into yesterday’s adoption amplifier I have gained roughly 78k HEX that cost me about £18. Had I kept the 0.11 eth after gas payments would have 5700 less HEX and would have cost me about 5p in GAS to freeclaim. 
 

looking at last trades seems it’s worth about $100. Have “staked” the whole lot for about 14 months to see what happens. 
 

From next week anyone who had BTC at the snapshot December 1st and doesn’t freeclaim asap will lose 2% per week and after 50 weeks without claiming will have lost 100% of their claim. All unclaimed hex is divided between those that did claim in week 51. It’s free, claim it. 

I'm only telling you this cause you're an old hat markyr but if you're not in Ethereum at least some you're not on the same page as me.

This is what's going on. Bitcoin and co. had a slump and we shook every single boot of every employee in those banks and every single freaking investment bank in America has been shorting it and they've loaded up every cannon to keep it in check. That's their game and ... it's bad form Peter Pan because they weren't expecting what comes next.

I've been waiting to release my science and it blows the lid off the whole party and we can put these supposed scaling problems and the likes of VISA to bed once and for all and as soon as these armchair blockchainers and jester entrepreneurs realise they can shrink large data sets down to small amounts the whole shebang kicks off another leg and takes every single one of those investment banks back to the drawing board on how to sink progress of an entire species when trying to grassroots against financial monopoly. And if that's a mouthful it's because, I'm drunk, but the solution isn't so let's see if anyone can guess it.

But fyi it's coming and it's fairly straight forward but writing it down so people can comprehend is a challenge but ... it's happening.gif so be ready

[markyh]

27 minutes ago, adamLancs said:

I'm only telling you this cause you're an old hat markyr but if you're not in Ethereum at least some you're not on the same page as me.

This is what's going on. Bitcoin and co. had a slump and we shook every single boot of every employee in those banks and every single freaking investment bank in America has been shorting it and they've loaded up every cannon to keep it in check. That's their game and ... it's bad form Peter Pan because they weren't expecting what comes next.

I've been waiting to release my science and it blows the lid off the whole party and we can put these supposed scaling problems and the likes of VISA to bed once and for all and as soon as these armchair blockchainers and jester entrepreneurs realise they can shrink large data sets down to small amounts the whole shebang kicks off another leg and takes every single one of those investment banks back to the drawing board on how to sink progress of an entire species when trying to grassroots against financial monopoly. And if that's a mouthful it's because, I'm drunk, but the solution isn't so let's see if anyone can guess it.

But fyi it's coming and it's fairly straight forward but writing it down so people can comprehend is a challenge but ... it's happening.gif so be ready

don't worry. drunk too after a night out with mates wile the wife is on a long xmas weekend jolly in Germany. Still have 100% of my BTC, still have £2.5k of ETH  bought in my SIPP late 2018, still have 23 LTC from year dot, traded 0.3 LTC to buy Gas for 73k hex. All other Alts cahsed out for £5 net profit in Summer 2019 , so up +£3k cash plus my as mentioned BTC holdings. Not plans to sell anything until we are in Janaury 2021 unless we reach $150k BTC before then the will sell 50% to clear the mortgage. 

Fook Corbyn Marxist twit deserved to lose and damn in 50 but me and my budidies tried really really tried to beat the level 49 licence track on GTA PS4 tonight with me reaching 2.01 seconds, with 1.58 seconds needed. ******* game. Damn my 2.01 ghost is quick! will arrange a beers meetup somewhere in the uk once we reach 100k to laugh at the no-coiners! 

Looks like +100% in 2019 from the low, roll on 2020.

[jiltedjen]

Hex crashed like all the other embarrassing alt coins. 

4 months to halving 2020 is going to be very spicy for bitcoin. 

and of course come September this thread will be flooded by morons who were too pussy to buy bitcoin all these years, suddenly piling into ‘the next bitcoin’ and then going silent when they lose a few grand 

[adamLancs]

6 hours ago, adamLancs said:

I'm only telling you this cause you're an old hat markyr but if you're not in Ethereum at least some you're not on the same page as me.

This is what's going on. Bitcoin and co. had a slump and we shook every single boot of every employee in those banks and every single freaking investment bank in America has been shorting it and they've loaded up every cannon to keep it in check. That's their game and ... it's bad form Peter Pan because they weren't expecting what comes next.

I've been waiting to release my science and it blows the lid off the whole party and we can put these supposed scaling problems and the likes of VISA to bed...

But fyi it's coming and it's fairly straight forward but writing it down so people can comprehend is a challenge but ... it's happening.gif so be ready

Ok so I was a bit drunk here. 

I'm trying to figure out how to explain this so let's 2 + 2. This is just part 1 so let's have it.

Normally you download the blockchain.

The new model is you set up a strategy to expand data to reach the same data set that matches the blockchain or a version of the blockchain and then people download the strategy and their own computer expands it into the blockchain. That solves the gigantium blockchain issue pretty quickly. Sadly it means you need a lot of strategies but they'll come and this is where we get into programs of life etc.

We also need an open source network of these strategies but that'll come too I know a lot of open source programmers will pitch in with that.

And there's a lot of things thrown in but that's how it's working in my digital currency so let's see if anyone takes up the baton because it's too good to keep to myself and I'm not sure I want to make any more money.

That's just Part I The End of Lechuck I'll come back to the story in a few days I'm still a bit drunk.

[reddog]

2 hours ago, jiltedjen said:

 

4 months to halving 2020 is going to be very spicy for bitcoin. 

and of course come September this thread will be flooded by morons who were too pussy to buy bitcoin all these years, suddenly piling into ‘the next bitcoin’ and then going silent when they lose a few grand 

jitedjen - can you tell use what sort of pop you are expecting from the halving? (in dollar terms)

 

if the pop doesn't materialise as big as you think, would you say that is a bad sign you the future of bitcoin?

[jiltedjen]

6 hours ago, reddog said:

jitedjen - can you tell use what sort of pop you are expecting from the halving? (in dollar terms)

 

if the pop doesn't materialise as big as you think, would you say that is a bad sign you the future of bitcoin?

no idea where it will end up.

if it doesnt pop, it may have to be the following halving to see some big numbers again.
if bitcoin dies, then all crypto dies with it. 

the thing with a value store in digital currency is that the day bitcoin fails, no-one will ever trust any crypto again.
Its all a big experiment, its a very binary result, either it fails (worth zero) or it succeeds (worth several houses each).

Alt coins never made sense to me, bitcoin is all about having faith in a value store, which is what gives it value, the same as fiat currency has value, or gold, its worth something as people think its worth something.

the only purpose of alts is to fail, they act to re-inforce bitcoin value by their endless failure, it constantly answers the question of 'what if i just create my own currency tomorrow, would bitcoin be worthless?!?' and 'my coin is the next bitcoin'

alts failures are baked in a birth, they are dirty and they will always burn those who get involved, just read through this thread all those who lost money on alts, while those who bought and held bitcoin 99% are doing very well.  

bitcoins market dominance is only going to grow, and probably sit around 90-95%, never again will we see the historic lows when bitcoin hit 33% market dominance, that was a baptism of fire for bitcoin. But it has shown the world that Alts are a joke and bitcoin endures. 

Edited December 15, 2019 by jiltedjen

[longgone]

It's not crypto but in the czech republic loads of places were taking alipay. I have yet to see anyone in the uk accept this method.

 

[adamLancs]

1 hour ago, longgone said:

It's not crypto but in the czech republic loads of places were taking alipay. I have yet to see anyone in the uk accept this method.

Not in a million years.

Because we only have banking underpinning our economy and Bitcoin is too much a threat now.

It's being shorted by the luddite economy and the only way through is via technology.

So we're going one strategy at a time through data theory to move the goalposts to 100k and create the technology required to move data around quickly enough to move video through space via orbiters and drones and create a network up there.

And it's the same thing as blockchain except we can't do it up there till we can do it down here and that means Trump and Goldman and the other luddites kill the American dream to spite their pampered faces. And everyone elses. All to maintain economic superiority and pretense of freedom. 

So this blockchain thingy is actually turning into a entrepreneur ( not these shoddy startup shops but the real efforts [ insert plug here ] ) vs luddite race to see who can engineer the biggest catastrophe of thinking which keeps everything stagnating until something snaps.

And all they have to do is realise data can be compressed to tiny amounts and they're holding everyone back.

So I still haven't had any ideas given as to how it might be done and yet I've done many of these strategies. So who has a strategy that can expand data? What if I offer a reward? I want to see who I might be able to partner with.

 

[Crashley Banjo]

Let’s do this... again 

[longgone]

1 hour ago, adamLancs said:

Not in a million years.

Because we only have banking underpinning our economy and Bitcoin is too much a threat now.

It's being shorted by the luddite economy and the only way through is via technology.

So we're going one strategy at a time through data theory to move the goalposts to 100k and create the technology required to move data around quickly enough to move video through space via orbiters and drones and create a network up there.

And it's the same thing as blockchain except we can't do it up there till we can do it down here and that means Trump and Goldman and the other luddites kill the American dream to spite their pampered faces. And everyone elses. All to maintain economic superiority and pretense of freedom. 

So this blockchain thingy is actually turning into a entrepreneur ( not these shoddy startup shops but the real efforts [ insert plug here ] ) vs luddite race to see who can engineer the biggest catastrophe of thinking which keeps everything stagnating until something snaps.

And all they have to do is realise data can be compressed to tiny amounts and they're holding everyone back.

So I still haven't had any ideas given as to how it might be done and yet I've done many of these strategies. So who has a strategy that can expand data? What if I offer a reward? I want to see who I might be able to partner with.

 

Goal posts to 100k wow you may even convert the ludites.

I dont see btc as a threat to anyone it's just pannini sticker swapping in the playground.

Satoshi holds all the difficult to find cards?

[adamLancs]

19 minutes ago, longgone said:

Goal posts to 100k wow you may even convert the ludites.

I dont see btc as a threat to anyone it's just pannini sticker swapping in the playground.

Satoshi holds all the difficult to find cards?

It isn't yet and stickers made some big swings before they became cards and then again before they chips and so on and that's the circle of life.

But VISA can't keep up with the technology that's coming and neither can Trump and the luddites he should of stuck to running hotels and he got the biggest casino in the game and he's trapped like Obama trying to fend off media muppets and form jockeys who can't get their head around technology. Imagine being remembered for throwing insults at rag worms all the time when the black man who preceded you kept a level head and couldn't do a thing about the state of affairs beyond puppetdom but did it with dignity anyway. Best thing for black people is to have Trump follow and sit on his Twitter throne and rant about zero interest rates, it's the funniest thing in the world and luddite isn't doing it justice. 

What they need is a businessman that gets the space industry going to fend off the likes of Richard Branson because he doesn't have a clue what he's doing and that's infectious because he has a little league of followers that read his gospel and expect him not to blow anyone up when taking on 1e^9000million unexpected outcomes it's the ultimate health and safety parody and that kind of mentality needs challenging because no other species on the planet has the kind of survival ratio he has to gun for when moving to new territory.

But they won't spend much on space and it's wasted on bankers' after-dinner mints and even those are made of GMO cane sugar meltdown of decency. Every single chocolate bar I pick up has been butchered by these people that underpin the greatest currency in the world! It's a farce and they're all part of terrorising a whole planet of wildlife and creatures with their DNA splitting and splicing like they have a clue. They still use codons of 3 when there's so many more ways to disassemble DNA chains and they haven't even considered simulation or data theory to test things before they contaminate every field with their greatest-currency backed botchery.

[jiltedjen]

Are you having a stroke? are you OK?

[longgone]

4 minutes ago, adamLancs said:

It isn't yet and stickers made some big swings before they became cards and then again before they chips and so on and that's the circle of life.

But VISA can't keep up with the technology that's coming and neither can Trump and the luddites he should of stuck to running hotels and he got the biggest casino in the game and he's trapped like Obama trying to fend off media muppets and form jockeys who can't get their head around technology. Imagine being remembered for throwing insults at rag worms all the time when the black man who preceded you kept a level head and couldn't do a thing about the state of affairs beyond puppetdom but did it with dignity anyway. Best thing for black people is to have Trump follow and sit on his Twitter throne and rant about zero interest rates, it's the funniest thing in the world and luddite isn't doing it justice. 

What they need is a businessman that gets the space industry going to fend off the likes of Richard Branson because he doesn't have a clue what he's doing and that's infectious because he has a little league of followers that read his gospel and expect him not to blow anyone up when taking on 1e^9000million unexpected outcomes it's the ultimate health and safety parody and that kind of mentality needs challenging because no other species on the planet has the kind of survival ratio he has to gun for when moving to new territory.

But they won't spend much on space and it's wasted on bankers' after-dinner mints and even those are made of GMO cane sugar meltdown of decency. Every single chocolate bar I pick up has been butchered by these people that underpin the greatest currency in the world! It's a farce and they're all part of terrorising a whole planet of wildlife and creatures with their DNA splitting and splicing like they have a clue. They still use codons of 3 when there's so many more ways to disassemble DNA chains and they haven't even considered simulation or data theory to test things before they contaminate every field with their greatest-currency backed botchery.

But BTC is not a payment system is it its digital gold. Visa payment system works just fine paypal for insured payments works wonderfully too I have received Well over 100k from paypal not to mention what I have spent through it. 100% transaction rate.

Btc is for dodgy bandits exchanging funds via illicit means.

With no control there is no responsibility