Thread: Bitcoin

These pictures show how ethereum is taking over the digital currency world
http://www.cnbc.com/2017/07/19/ether...-currency.html

• "Ethereum is a digital currency that has run up a few thousand percent this year.
• Some believe ethereum can form a new, decentralized internet.
• Analysis from a lead ethereum developer show how widespread the network has become.

..."

As clester mentioned in the Ethereum thread, we're seeing some breakouts above resistance this morning...

Bitcoin:

My son is going to the Blackhat conference (both the corporate one and the original non corporate one) in Las Vegas soon. He is a IT guy but is really interested in cyber security. Looking forward to hearing what he has to say afterwards about what he hears about crypto currency. Hope he can make some contacts.

The stocks we've been mentioning here are also breaking out. While I have traded in and out of the cryptos, I have hung onto these and it has been quite a ride.

I assume you all got something like this if you own bitcoin, which is flying today ($2760)...

Dear Coinbase Customer,

We are contacting you to make you aware of recent developments in a number of proposals for technical changes to Bitcoin. All BTC stored on Coinbase will remain safe during these events described below.

The User Activated Hard Fork (UAHF) is a proposal to increase the Bitcoin block size scheduled to activate on August 1. The UAHF is incompatible with the current Bitcoin ruleset and will create a separate blockchain. Should UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin.

The User Activated Soft Fork (UASF) is a proposal to adopt Segregated Witness on the Bitcoin blockchain and could result in network instability. It is scheduled to activate at the same time as the UAHF.

To ensure the safety of customers’ funds, we will temporarily suspend BTC deposits, withdrawals, and buy/sell starting approximately 4 hours before activation of either fork.

• If you do not wish to have access to UAHF coins, and do not wish to access your BTC during the fork, you are not required to take any action.
• If you do wish to have access to UAHF coins or access your BTC during the fork, you should send your BTC from Coinbase to your external address by July 31.

For more information on these potential Bitcoin forks, please refer to this article: https://support.coinbase.com/custome...-uahf-uasf-faq.

Thank you,
Coinbase Team

Bitcoin bubble dwarfs tulip mania from 400 years ago, Elliott Wave analyst says
http://www.cnbc.com/2017/07/20/bitco...iott-wave.html

• The Elliott Wave Theorist is a newsletter founded in 1979 by Robert Prechter, who used the Elliott Wave Principle to predict the 1987 stock market crash.
• In 2010, Prechter's son wrote a report for the newsletter about bitcoin's coming rise.
• Nearly seven years later he's warning about a cryptocurrency mania.

Just as many on Wall Street are warming up to bitcoin, one of the lone financial analysts who forecast a surge when the digital currency was just six cents now has an extremely negative view.

..."

BIP91 LOCK-IN THRESHOLD ACHIEVED!


https://www.xbt.eu/

Bitcoin headed back over $3,000............. Tonight!

It hit $2957 as a high today. Incredible! Up about 65% from the lows a few days ago.

And I'm currently loaded up on Ethereum. ;swear

Yes I also got the notification and since I'm going on a long cruise and don't like the "all buys and sells will be suspended" wording I sold out last night. Nice profit and I will be back on August 8th for more!

Will the Bitcoin price fall after August 1?
https://www.quora.com/Will-the-Bitco...after-August-1

I'm going into Aug 1, with one bitcoin being held on a paper wallet... just in case the BIP148 succeeds and it takes off.

I am holding more ethereum now.