Monday, February 10, 2020

Bitcoin Whale Gives Warning About Inflated Market (current BTC/USD price is $9,837.18)

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Bitcoin Whale Gives Warning About Inflated Market

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


Bitcoin Unlimited Response to the Claim that our organisation supports BSV

We recently ran a survey of the Bitcoin Cash community because your opinions are extremely important to us. Thank you to all of you who gave us feedback, it was much appreciated. If any of you would still like to complete the survey it can be found HERE. We gained lots of useful insights from this feedback and we intend to use this to offer even more value to the BCH ecosystem.

Some Issues We Need To Clarify

The survey did also bring to light a number of issues which require some clarity. One key issue that a number of respondents mentioned was that they felt BU was in support of BSV or BTC. We felt that this was something we needed to correct ASAP as this could not be further from the truth. From the moment the BCH was created (and even long before), BU has been working tirelessly in support of BCH through many different initiatives that were voted on by the BU membership. BU continues to have 100% of its resources devoted to supporting the Bitcoin Cash ecosystem.

Bitcoin Unlimited operates through a voting process whereby members of the organisation propose BUIPs (BU improvement proposals) which are then voted on by the membership. Proposals that receive the required number of votes in favour are considered to be successful and the organisation will support them. In this way Bitcoin Unlimited makes itself both guided by and accountable to its membership.

It is true that some (a minority) of BU members are supporters of BitcoinSV, and this can cause some conflict. This is unfortunately one of the many negative artefacts from a split happening in a decentralised currency. Even so, the Bitcoin Unlimited organisation has remained not only focused and functional, but also strongly in support of Bitcoin Cash. In fact, the BU membership and the organisation’s governance model has shown time and time again that BU is fully in support of BCH - a peer to peer electronic cash system. The voting results from the relevant BUIPs support this fact. Below you will find the voting results for all BUIP related to the BCH/BSV issue, and you will see that at every opportunity BU as an organisation has voted in support of BCH.

BUIP No. BUIP TITLE RESULT SUMMARY
BUIP098 BU Strategy for Nov 2018 upgrade Y Tried to stop the ecosystem from splitting.
BUIP101 Default max blocksize cap (hard limit) 10 TB N Blocked a BSV supporting major change.
BUIP107 Sell the BCH portion of BU funds for BSV N Voted down holding any BSV.
BUIP113 Support BSV with Official Implementation N Denounced BSV in support of BCH.
BUIP114 Drop Support of BSV HF Config Params in BUCash Y Denounced BSV in support of BCH.
BUIP115 Drop support for BTC Y Denounced BTC (formally).
BUIP127 Partially re-weight 50% BTC to BCH N Voted to not buy more BCH using BTC.

Where This Confusion Has Come From

We speculate that some of the confusion also comes from two sources. First, the fact that BUIP098 required BU to implement some features proposed by nChain that became part of BSV. BU implemented these features (after a BUIP was approved) for the miners to vote on them in the hopes this would avoid a split. Post-fork no BSV related commits were made and these features were removed. Additionally, many of these features are on the BCH roadmap (scalability, etc), so supporting implementation and compromise actually would further BCH’s goals.

Second, BU officers posted statements (in their own capacity, not as official BU statements) arguing to delay or stop the proposed CTOR feature. Dispute over a specific feature cannot and should not be construed as support for another blockchain.

It was important to also include BUIP127 “Partially re-weight 50% BTC to BCH” in this list (which was voted down) as this has been cause for some to claim BU does not support BCH, even in light of the significant evidence to the contrary. This specific issue requires a much more detailed explanation and therefore deserves it’s own article, which is to be published shortly.

We hope this has hopefully cleared up some of the confusion within the community, and shows BU’s continued commitment to Bitcoin Cash.



Making room in my poster collection

Don’t know if it’s allowed here but I want to sell some of my APC posters from my collection. I have too many to frame now and it’s getting a bit out of hand. I figured this is the best place to let them go to who would appreciate the art. The ones I am selling are all artist prints and signed by the artist. I’m open to offers or may sell in a package deal. I’m legit I accept Bitcoin and ETH or even PayPal but want to avoid fees as much as possible, which is why I’m not selling on eBay. Post here or shoot me a message if you’re interested. Here’s a link to my photo album so you can see:

4/6/2017 - The Pearl, Las Vegas, AP# 16 of 25, signed by Spencer Olsen - Asking $150

4/14/2017 - Reno Event Center, Reno, AP# 14 of 25, signed and dated by Raf the Might/Too Many Skulls - Asking $100

4/8/2017 - The Pearl, Las Vegas, AP# 7 of 25, signed and dated by Raf the Might/Too Many Skulls - Asking $100

4/10/2017 - Comerica Theater, Pheonix, AP# 13 of 25, signed and dated by Raf the Might/Too Many Skulls - Asking $150

4/19/2017 - Starlight Theater, Kansas City, AP# 15 of 25, signed by Cory Meyer - Asking $150

Shipping is included in price, only shipping to USA.

Thank you for looking, if this isn’t allowed here, mods please delete this post.


US Bitcoin Firm BitGo Launches Two New Crypto Custodies in Europe (current BTC/USD price is $9,833.24)

Latest Bitcoin News:

US Bitcoin Firm BitGo Launches Two New Crypto Custodies in Europe

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


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Has Bitcoin entered the growth phase? How high will it rise in the next six months? What analysts say:

Tom Lee: BTC can reach $27,000 in six months

Bitcoin value should go up to $27,000 in the next 6 months, Tom Lee, co-founder of Fundstrat Global Advisors, said.

He pointed out that BTC had moved back above its 200-day moving average — previously this led to a strong upward movement. In addition, halving scheduled in May, geopolitical tensions and even the epidemic of the coronavirus in Cina will become positive factors for the price of bitcoin.

“Whenever bitcoin breaks back into its 200 day, its average six-month gain is 197%,” Lee said.

Why Bitcoin has already changed the trend to a growing one

Bitcoin has moved into a growth phase, according to the trader and founder of Bloсkroots Josh Rager. On a chart, he pointed at a series of ascending highs and lows, each of which is higher than the previous one, which is a bullish trend by definition.

“For you BTC bears in denial, the trend has officially changed & many still don’t seem to understand that. I made a chart to show you what it looks like when a trend changes to higher-highs and higher-lows. It’s a simple concept. BTC even closed above a key level at $9,550,” Ranger tweeted.

In the comments, some users disagreed with the trader and told him that on large timeframes, the price will draw the first higher high only it will keep above $9’550 for several days.

Bitcoin has formed a strong bullish signal

Trader Blockchain Blitz noticed a “golden bull cross” that has formed on the BTC/USD daily chart — the intersection of the 50-period and 100-period moving averages. He pointed out that in most cases after this event, the price surged.

“Golden Cross on the 1D chart today for Bitcoin
Historically speaking, from 2014, 7 times out of the 8 this happened, a rip upward followed,” the trader tweeted.

The “cross” appeared last time at the beginning of 2019, after which Bitcoin went up 3.6 times — from $3,700 to $13,300.

https://preview.redd.it/lo9392zzw2g41.jpg?width=1024&format=pjpg&auto=webp&s=a621baefa1227e586310dd1f9ab3716080682cbd


Bitcoin Price Surge Above $10000 Ahead Of Bitcoin Halving (current BTC/USD price is $9,969.74)

Latest Bitcoin News:

Bitcoin Price Surge Above $10000 Ahead Of Bitcoin Halving

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.