Bitcoin Price Thread

So is there any logical explanation for the mem pool suddenly being cleaned up? And I don't mean the "Roger stopped spaming it" kind. If there was really a spam attack on it, then the system is simply vulnerable and what stopped it anyway?
 
Pekelo said:
So is there any logical explanation for the mem pool suddenly being cleaned up? And I don't mean the "Roger stopped spaming it" kind. If there was really a spam attack on it, then the system is simply vulnerable and what stopped it anyway?
More...

Some things I read, just don't have all the details. Coinbase made changes (segwit?) to their bitcoin transactions and perhaps others, as well, that make the most transactions on the bitcoin blockchain. Spam attack costs money (bitcoin), so you can't do it forever.
 
johnarb said:
Another off-topic, since this thread has been dead. All the screaming excitement when bitcoin was going down has disappeared. I wonder why :rolleyes:

So, Pekelo, the thing about decentralized bitcoin (cryptos) is that you do not have to take my word or bitcoinfees.info (which could be having issues with their website or algo software). All you gotta do, is fire up your electrum wallet or bitcoin core wallet and try to send a $6 transaction.

Electrum is showing 3023 satoshis (33 cents) to be included on the very next block. Bitcoin core is even lower.

I would have to override the wallet to pay more, however, when you examine that the bitcoin mempool is showing 3000 transactions waiting and many are probably zero-fees, 15 cents all the way down to 5 cents would most likely get you on the next block.
More...
The excitement (both up and down) is gone because the mania is gone. Dumb money got burned, history was proven right again that if it is to good to be , it is, and most have decided that there are a multitude of better ways to transact business, than having to "override wallets" and worry about the "next block".
 
Last edited:
sss12 said:
The excitement (both up and down) is gone because the mania is gone.
More...

I dunno, 100% return in 15 days (6k to 12 K) sounds pretty exciting to me. Then 18% drop in 3 days. Plenty of volatility left. Just wait until Bulgaria and Japan sell their coins, more roller coaster coming....
 
johnarb said:
Pekelo, per your concerns about the bitcoin transaction (miner fees) being too high. Maybe you've been keeping updated, or maybe not, but the fees are very low, currently, on bitcoin.

I sent a high-priority ~$500 transaction for 15 US cents (6.2 satoshis per byte). A few days ago, I overrode my wallet-recommended fee and overpaid, 60 cents vs 30 cents, as it was a ~$5000 transfer and really wanted the next block :)

Some are claiming 5-cent fees are getting on the next block. For your information :D
More...
Yea, when I buy somet
Pekelo said:
I dunno, 100% return in 15 days (6k to 12 K) sounds pretty exciting to me. Then 18% drop in 3 days. Plenty of volatility left. Just wait until Bulgaria and Japan sell their coins, more roller coaster coming....
More...
I meant the straight up mania. The public doesn't care about trading vol, that's too hard. If there is no free lunch no one talks about it.
 
Pekelo said:
Once that zone is cleared, one can get more bullish on BTC, but there is still the upper BB at 12K what would be a major shorting line.
More...

I am on a roll. The current top was 11780, and the daily BB actually came down by a few hundreds, nevertheless as predicted it was an excellent place to short BTC. Currently around $9690....

Should I keep going or you guys are getting tired of me?
 
Pekelo said:
I am on a roll.

Should I keep going or you guys are getting tired of me?
More...

Show pictures of your nice things...like a $200,000 watch, $5,000 espresso machine, $5,000 laptop, $3,000 shoes. o_O, :wtf:
Pekelo 2018, Trading in full effect. Coconut ukulele man.
 
Last edited:
Friend of mine built a bit coin mining computer setup. He gave me the schematics to build a $10,000 system that makes $1800-2000/month mining... but I have a feeling by the time that setup pays for itself, that it will be outlawed, lol. Too hesitant to do anything related to Bitcoin.
 
You must log in or register to reply here.
Back
Top