HODL is for pussies? I'm fine with that as long as it makes me a good bit of profit  But I agree with your points that it is good to also spend a part of the coins we have. Which I basically already do. I use it as currency and as a store of value. Plus I run a full node for months. What more can I contribute ?  |
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it may have dropped in the short term but if you look at a chart from september the price has grown steadily and is still up. That was shortly after MMM China's launch.
Every price above $300 is a great achievement for now. I don't know what the real impact of MMM on the Bitcoin price was during the rally, but the last part of the rally to $500 was purely greed driven. It showed as there was a sharp dump bringing the price to below $400 and above $400 several times. There was simply not enough buy support to hold $400. That might indicate that the $400-$500 was purely the greed of people hoping to make some quick profits. |
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The money has to come from somewhere in order to make Bitcoin reach $1 million in the very far future. It might happen if a billionaire group or entity buys nearly all coins in existance and make the price go up to insane numbers throughout the years. If they buy up nearlly all the coins, they don't have to worry about dumps. It's basically like stocks from the largest companies. We as normal people trade stocks in order to earn some crumbs, while the elite has the wealth to make or break the stocks from giga companies. As soon as they hold the far majority of the stocks/coins they will feel comfortable bringing things to insane price levels.
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Just a reminder that a little over a week ago everyone was surprised and happy that the price reached $300. Now everyone's complaining that it took a dip below $400. Come on, this is Bitcoin, it's not called 'volatile' for no reason.
We were on long down-trend, then relatively long period of quite stable (boring) price of around $230. If it stabilise now anywhere above $300, that's a great news.
The price is stable around $360-390, so the situation is similar to the $230 level. It bodes well for the future price performance. It's a bit too soon to call this a stable price. I hope you're right. For me, any stability above $300 is good. When it comes to Bitcoin, there is no such a thing as stability. People might not consider 3-4% price swings in a day to be a lot, but look at what your wealth looks like when you have millions and it goes up and down like that. 4% is of 2 million is a 2 year salary for good earning people that they gain or lose each day. |
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That's more than interesting. I thought the winners of the auctioned SilkRoad coins would remain in silence. 5 blocks of 2000BTC each equals 3.8 million US dollars with current rates. It surprises me that they are openly releasing this information, but the purchasing price will not be available I guess  |
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I definitely didn't expect it. To be more precise, I didn't even expected the price to reach the $300 price level this year. This just shows that no one can predict what Bitcoin will do. We can only guess and that's it. Some say it was China, which I think as well, and some others say it might have to do with the FBI auctioning the last SilkRoad coins. Whatever it was, I enjoyed it to the fullest.
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From the options given I will choose $2000 to be the next ATH when there is another bubble forming. Perhaps it will happen somewhere in 2017. That's what I aim for.
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I am more than happy to share everything I know about Bitcoin with family and friends. I have done it already and will continue doing so as long as I support Bitcoin. If 10% of the people I tell about Bitcoin will actually use it in whatever way, I am satisfied already. Spread it |
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There can be coincidences in life, but this one is too big, no ?
How come that the bitcoin price, after a large period of stability, starts rising around the day of announcement of the auction, peaks exactly at the day of bidding, and drops afterwards ? Who's the winner here ? USMS, no ? But in order for this price rise to be done since beginning of October, a steady manipulation is needed. The idea of a sale cannot induce the market in increasing the price: indeed, the sale will increase offer. If there were any anticipated effect of "greater visibility to bitcoin" or the like, there's no reason why it would crash after the sale - on the contrary.
The bidders themselves have not the slightest interest to have a high bitcoin price exactly on the day of bidding.
This only makes sense if we believe that part of the US government is manipulating bitcoin itself.
Normally I'm not in such "conspiracy stuff" but this is too overtly obvious. Unless we have to go to a higher-order interpretation, and think of who wants us to think that the US governement is manipulating bitcoin. Banks, maybe ?
i agree that the timing is really strange. on the other hand a few million bucks seem just not enough to get the usms into manipulating such a market. there is a story behind it, i am sure. but it is not the usms trying to make a buck. This. Beside that, it was China who was leading and pumping with insane volumes every day. Other exchanges were following Huobi and OKCoin as sheeps. I also think it's purely coincidence. |
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Large companies have a very bad attitude when it comes to new technologies that can potentially help them to bring their business to the next level. I am sure that they at some point in the future will realize that cooperating with Bitcoin is necessary in order to not lose precious market share. If you can't beat them, join them |
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It cost a lot time and dedication to collect and save up your Bitcoins, but it all can be gone within a day if you make the wrong investment decision. I will advice you, as other people also did, to hold your coins firmly. Now is accumulation time. After the block halving it will be much harder to collect precious Bitcoins.
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For the first four years that Bitcoin existed miners were paid 50 Bitcoins per block. Then after those four years the amount paid to the Bitcoin miners was cut in half to 25 Bitcoins per block. This was the so called "first halving" now after the second four years the amount paid to the miner is scheduled to be cut in half again, this time to 12.5 Bitcoins per block. This is the second "halving". By design the amount paid to the Bitcoin miners will be cut in half about every four years until the year 2140.
Yeah. Pretty much the miners will be paid half what they used to be paid every 4 years. The miners won't feel it as long as the price keeps rising throughout the years. We've seen the price stay at $220-$250 for such a long time, and miners didn't pull back. The price since then reached $500 which resulted in a double price, and that even before the halving. Once the halving is completed, we'll most likely see a price of at least $500-$600 which means that the miners won't lose out on their mining rewards when they purely look at it as being worth $$$ and not BTCBTCBTC. |
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Low interest in the auction could be due to the price rally that was started. Can't think of a reason why a wealthy investor would purchase coins for a premium while the price was below $300 some days before the auction. It doesn't matter if you purchase 10 Bitcoins, but it does matter when blocks are worth 2000BTC each |
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I am holding my Bitcoins for the very long term. I do this because I have trust in Bitcoin and think my trust will get greatly rewarded in the future. Invest what you can afford, and hold your coins. It will either succeed or fail, there is no in between when it comes to Bitcoin.
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I doubt that over 21% on this forum, have above 100 Bitcoins. Of all the addresses out there less than 2% of the total amount of coins are situated in one address. The OP should have asked, how many people have x amount of hoarded coins. The daily total will differ, if it is used on a daily basis. This will never be a true reflection of the actual figures. <People will not reveal the true amount> ^hmf^ Polls here in this forum should never be trusted as there are plenty of people using their shill accounts to troll vote. The best is to just look at block explorers that offer a rich list option. More accurate than this won't be possible. |
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Chelsea played a great game yesterday, if they continue this form, then they surely win the BPL again this season. |
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I like to read Bitcoin related blogs from time to time, especially when they are unbiased. I think that's one of the most important things, never show a bias towards a certain group or thing, etc. Good luck with your blog.
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The stability around $220-$240 is not weird. Bitcoin was worth that value since people weren't willing to sell their coins for anything less. Even pools were not in the mood to sell their coins for such a price. They have done it throughout the peak to $500.
yes i didn't mean weird in a negative way , but that a cartel is formed like in all markets .Everything has to have a price. Look at cocaine , oil or banana's. or just look at waht happended 3 hours ago https://bitcoinwisdom.com/markets/bitstamp/btcusdJust watched also an intersting clip about price https://www.youtube.com/watch?v=DFfHGGhCxCMYes, that's right. Like other markets, Bitcoin also gets manipulated by traders/groups with very deep pockets. People who own the most also risk to lose the most. In some ways they have to keep supporting the price to not be the loser and lose millions of dollars. What's up with Bitstamp, you mean the dump to $371? I think some one cashed out or just over reacted by selling. Bitfinex went to $375 and somewhat recovered. I think we'll see these dumps more often the comming days/weeks. |
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I run a Bitcoin Core full node for months and I will definitely not change that. Pools are boss, I support whatever choice they make. It's fully clear that no one is waiting for XT beside a few rebellious people. If you guys want to develop your XT project further, make an announcement thread in the altcoin section. Good luck.
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The stability around $220-$240 is not weird. Bitcoin was worth that value since people weren't willing to sell their coins for anything less. Even pools were not in the mood to sell their coins for such a price. They have done it throughout the peak to $500.
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