Quote from: ovcijisir on October 21, 2018, 08:51:26 AM

You haven't mentioned Lightning network...

It can potentionally revolutionize Bitcoin transactions and cut down transaction fees and enhance decentralization.

Nice suggestion. I don't know so much about it and just started digging deeper. Need lots of getting around. Here's a link for anyone interested, https://lightning.network

Quote from: franky1 on October 21, 2018, 09:47:58 AM

Quote from: Upgrade00 on October 21, 2018, 06:41:05 AM

2011 - 2013
This sparked off a very volatile year for bitcoin peaking at $1242 but also dropping very suddenly. It was basically a pump and dump scheme during this time.

the october(2013) jump in price
the october(2013) release of the first asics..
not a coincidence

when hobby GPU miners realise they cant profit from mining because asics takeover. 2 things happen
1. hobby GPU miners stop buying GPU and electric to get btc. and instead just buy btc.
2. asic miners realise the costs of mining increase so refuse to sell so cheap

then speculators see a jump and FOMO to over-jump the value. (value =moon fomospeculation=mars)

Unlikely to be a coincidence. At the time there were many factors influencing price pump and drop.