Down another five percent. So what?
Only 5% and before that only 7 and before that only 5 and before that only 3 and before that only 10 and in total only 60. No problem. Everything looks fine. And smart money can't wait to get in! And Gabi. It's bullish as hell really. Ask yourself one question: Do you belief Bitcoin will reach 1000 USD again? If the answer is yes, hold or buy. Simple as that. |
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Down another five percent. So what?
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A one million USD Swap on Bitfinex  |
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There are so many more BTC sold than existing due this shorting orgy. The short squeeze will come for sure.
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Enough whining! Let that bitcoin shit finally die.
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OK guys, i'm logging out for now. When i'm back i want to see a nice decent increase in price, alright?  |
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lol, gotcha You've been left behind. |
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Seems huge speculators are stealthily selling their BC. Maybe they see something worse than we see. I hope not.
How many more accounts, fallling? Really, this is getting annoying. Maybe you are getting out of your delusional mind? Look the truth in the eye , we are going down down down. Sell , let btc die and buy back at 30 dollars to buy some dope on silkroad. No. Falllings hyperactivity is a strong buy signal. He must be really desperate why bitcoin is still growing and he's got left behind. |
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Seems huge speculators are stealthily selling their BC. Maybe they see something worse than we see. I hope not.
How many more accounts, fallling? Really, this is getting annoying. |
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You noobs. I'm buying with both hands.
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For all those who fundamentally deny a relation between hashrate and price. Check the 60 day charts at blockchain.info and tell me theres no inverted proportionality.
See the charts for at least one year range, and you will see price rising and the hashrate too. So you can find evidence of both kind of relation(direct and reverse), so I guess the hashrate alone is not a good predictor. You are right. However in the long run hashrate/difficulty which is an estimate for the basic production cost per BTC (excluding HW, OC) will approach or even show congruency with the price per BTC. At least that is what Satoshi assumed: "The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more." Feb. 21, 2010 Satoshi NakamotoHe meant that hashing power adapt to price: a self-regulating system, where price is an external factor. But price will not adapt to hashing power, because the system of miners have no way to control it. Miner can't control it but miners can act. By shutting inefficent HW. You are right, the miners system can self-regulate itself in that way, essentially. There are people that mine only to help the network. Not sure if they are significant. Also shutting down inneficient HW might means more centralization I'm also worried about mining centralization. But i don't believe in altruism. So anybody who is supporting the BTC network expects a positive outcome for himself like increased price, sustainability, growth. Thats not a bad thing. Thats how we tranlate bitcoin into reality. |
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Who is that rpietila guy anyway?
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For all those who fundamentally deny a relation between hashrate and price. Check the 60 day charts at blockchain.info and tell me theres no inverted proportionality.
See the charts for at least one year range, and you will see price rising and the hashrate too. So you can find evidence of both kind of relation(direct and reverse), so I guess the hashrate alone is not a good predictor. You are right. However in the long run hashrate/difficulty which is an estimate for the basic production cost per BTC (excluding HW, OC) will approach or even show congruency with the price per BTC. At least that is what Satoshi assumed: "The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more." Feb. 21, 2010 Satoshi NakamotoHe meant that hashing power adapt to price: a self-regulating system, where price is an external factor. But price will not adapt to hashing power, because the system of miners have no way to control it. Miner can't control it but miners can act. By shutting down inefficent HW. |
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For all those who fundamentally deny a relation between hashrate and price. Check the 60 day charts at blockchain.info and tell me theres no inverted proportionality.
See the charts for at least one year range, and you will see price rising and the hashrate too. So you can find evidence of both kind of relation(direct and reverse), so I guess the hashrate alone is not a good predictor. You are right. However in the long run hashrate/difficulty which is an estimate for the basic production cost per BTC (excluding HW, OC) will approach or even show congruency with the price per BTC. At least that is what Satoshi assumed: "The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more." Feb. 21, 2010 Satoshi Nakamoto |
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For all those who fundamentally deny a relation between hashrate and price. Check the 60 day charts at blockchain.info and tell me theres no inverted proportionality.
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Dumping 1k+ has less and less effect as demand is slowly but constantly increasing. BTW i expect another large dump within 8 hours. Reason: Hashrate peaked, Chinese ready to unload. But it probably will recover quite fast.
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I understand bitcoin. I'm saying, it is just as likely to hit $5,000 or sub $100. Bitcoin will never be adopted massively. because the masses and bitcoin are oxymorons. Modern banking institutions aka the govt's will never have it where bitcoin can be adopted massively.
Sure bitcoin can be mass adopted when/if the bankers buy entire network and own bitcoin. And take over the miners. The era of exponential growth might just be ending nowadays, or at least for a long long time...
And lol at anonymity argument, it's not anonymous anymore.
Views of a system slave  Alone the usefulness of bitcoin for the dark web black market gives bitcoin a value of hundreds of dollars. |
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Doesnt look too bad for today.
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Traduction from OP's post into real language: I missed out hard at being a BTC pioneer, so everytime it goes low I enjoy other people lossing wealth, even tho Bitcoin will be 10K in 2018, so I need to get in FAST as low as possible. Im also retarded enough to think making posts in BTCTalk will have any impact on the BTC price. Cheers.
+1 |
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Keep calm. Price will recover soon.
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