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Bitcoin Price Drops Below $2,000 as Crypto Markets Fall Toward $70 Billion
Bitcoin Merchant Shunning Is ‘Striking’: Overstock’s Medici President
GDAX Plans to Suspend Bitcoin Withdrawals If UASF Activates
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Thanks Thomas!
UASF is the reason for the price drop … and it’s already branded as an “extremist” alt-coin. At least the market is responding to fundamentals. That helps crash the “bubble” hypothesis.
You guys need to realize that if SegWit2x succeeds it means that Core Developers have been removed and you look at a Bitcoin maintained mostly by few individuals.
It will be easier for them to sneak some extra code later on.
If you like Star Wars you should look at this as removing Jedi Council prior to assuming Emperor Office by Palpatine.
86.9% signal
https://coin.dance/blocks/segwit2x
Witold Cichecki not necessarily. just cause Luke and a couple others leave, doesn’t mean all Core devs stop contributing. I think the fatalistic scenario is overhyped. there’s plenty of people who will continue to contribute across all implementations
Jeff Butts signalling doesn’t mean anything, especially when they don’t have the code to run it.
Not until next Friday, then it’s 269 of 336 blocks (80%) and we’re at 86.9% … so if it holds, we’ll keep 1BTC
https://raw.githubusercontent.com/bitcoin/bips/master/bip-0091.mediawiki
As always, thanks for the insight Tone!
another great report. thanks
ty
Dat channel tho… what kind of a weird channel is that?? even set to exponential and all, draw the lines exactly as Tone… but that channel goes out into the void….. ?!?!
Lol just short of our $2000 goal.
OK, so should we buy now?
Wow, I had no idea it went below $2000 today!!! Guess I’ll buy a few thousand now while it’s still low!!
Thanks!
Where do you do your trading? What places do you trust?
I do not trust any place, this is why I do not trade Bitcoin. I buy from local dealers that i know, abut have not done that in a while either.
OK, so you’re just basically holding whatever you have, and not active in Bitcoin trading, buying, selling, etc?
I Hate Everyone correct… I still try to trade traditional assets but Bitcoin content creation has been keeping me too busy to concentrate on trading.
What is required for UASF to be implemented?
Jimmy Song’s [Bitcoin, UASF and Skin in the Game](https://medium.com/@jimmysong/bitcoin-uasf-and-skin-in-the-game-7695031c5689) is a good start, though it gets a little more complicated when you talk orphaned and abandoned blocks.
FUD
Like us and be part of a global VIP community, which is connected to a new and market-shaping dig…
Why does this all seem like one giant FUD campaign coming from Ver, Wright, Wu and their mining cronies to do nothing more than obtain more bitcoin. Something doesnt feel right about this whole thing at the moment. Its go that air of unnecessary confusion going on and it feels like the names mentioned above have implemented a coordinated strike with the sole purpose of obtaining more bitcoin for cheap. Why would they risk their already massive stake in bitcoin and knowingly bring about a scenario where they could stand to lose hundreds of millions of value. It doesn’t make sense and I smell a rat. Ill be buying more as soon as I can before Aug 1st…. HODL your BTC
Thomas, what a nice change of background!
nice chart analysis to miss the whole point. *the market do not want a fork of any sort*. this Tone is a UASFanatic that cannot see beyond getting things his way.
If you try to force consensus you break the coin. I wonder what is going to stop the next visionary after UASF forking from trying to dictate where bitcoin needs to go to based on imaginary urgencies. Where is the need for Segwit today? Segwit is a good thing and should be agreed to be calmly implemented. However people behind Segwit are not interested in bitcoin, Segwit or anything that is not imposing their view.
We need to pull together under the banner of “every person in the world using BTC, not bitcoins.”
In order to illuminate how all this is mere manipulation let me share numbers on voting support, this from slushpool, for the peace of mind of the regular xenofobic antichinese bloke, so here mostly white caucasians from the right hemisphere, for some (really sad to see some comments in some forums nowadays)
Amazingly enough there is no big shark making decissions for everyone. Amazingly enough evil miners look at Bitcoin core with love.
*No one wants a fork, not users, not miners, not exchanges, not wallets, just a bunch of hotheaded guys who should go to a motel if they need to measure the size of their egos.*
The *problem is address malleability and scalability* to control fee prices, and not if this side or the other is good or evil.
https://slushpool.com/stats/?c=btc – “Bitcoin blocksize voting results”
The situation with ckpool or p2pool is similar.
[unfortunately format of the able is lost when posting]
usersuser %hashing powhash %Bitcoin Core1111544.51 %110.5 Ph/s39.08 %Pool decides664526.61 %68.15 Ph/s24.12 %Bitcoin Unlimited250910.05 %57.37 Ph/s20.3 %Not voted274010.97 %26.44 Ph/s9.36 %UASF/BIP14819617.85 %20.20 Ph/s7.15 %
segwit is not dead…
Bitcoin soon for 1000$ or less
Where is the dead cat bounce? Wait let me check my Tarot card better yet my Quija board! Technical analysis = BULLSHIT
Average Joe still feel that way haha $2200 now 🙂
Tone, I give you a hard time but I really truly do appreciate the information you provide. What is your opinion of the book “A Random Walk Down Wall Street”?
still time to sell bitcoin before it drops more, trade that crap for real money, physical gold and silver
Can you quit talking like that?
bitcoin 200 dollars soon