Bitcoin is just not stable enough at least not to the same level as say the Dollar and that scares merchants and consumers alike. A salary paid in real money, allows people to plan to the nearest cent their budget for the month, you wouldn't be able to do that with Bitcoin. If you have a family/children, it would be unbearable stress not knowing if your $100 worth of Bitcoin will still be worth $100 when you go to the grocery store next week. Bitcoin adoption will keep increasing slowly. It is however unlikely that it will rival real money anytime soon in its current form.
i disagree with you. i believe the 7 year graph here shows a very unstable currency that has a reputation for being used in fraudulent activity such as money laundering and other anonymous criminal activity. as can see in this 7year graph there is a crash after every peak of the dollar. that is volatility coupled with years of federal reserve qe printing causing unstatable currency could crash at any minute and looming bank bail-ins.:  Yes but you missed a very important detail: security. As far as I'm aware, during that period of time, you didn't wake up everyday to a different price for a loaf of bread. The Dollar can fluctuate but you still have the security of being able to buy the same amount of food for the same amount of Dollars (at least over a reasonable period of time). With Bitcoin fluctuations, you could wake up some day where, the BTC you hold is not enough for a loaf of bread even though, it was more than enough at the time you went to bed. Bitcoin is a commodity that derives its value from real money. When was the last time you bought some gasoline? Those volatile prices are in USD. Bitcoin's current volatility is due to low market cap. It allows the wealthy to heavily impact price. This will be the case for any currency or commodity that is not forced into rapid adoption by law. As market cap increases, volatility will decrease. |
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Just check http://ondn.net:800/topamount, coins are still centralizing, means large whale are still accumulating more coins And the bitcoin exchange rate only reflect the coins in circulation, lots of coins are just lost or hoarded forever. If there is only one coin for sell today and there is 1 million dollar to buy, then that coin will worth 1 million dollar, but not the rest of the coins When smart money accumulates, it's very bullish. |
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Look up the term "market cap". Save yourself some effort in recreating the wheel. BTW, you left out wallets worth less than 1 USD. So your results are not valid.
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With the mass communication we have today how come Bitcoin isn't already widespread news?
I can type a few characters into my phone and the whole world can potentially see it (if enough people were interested in me).
How haven't people realised what a great store of value BTC is now that the price is relatively stable?
Is it scepticism? Stupidity (people want easy apps without understanding anything about the underlying technology behind BTC)?
It seems to me like BTC should be heading to mass adoption NOW, rather than in 5 years time as some people predict?
Personally, I don't want it to go viral too soon though; I would like some more cheap BTC before that happens.
It's a lack of understanding, really. Everyone is told not to trust anything on the internet, and to keep all of their financial information a secret. Cryptocurrencies are a new paradigm where a public ledger is used to keep your wealth safe. Instead of guarding your money as a secret to avoid theft, you announce it to the world such that everyone in the world agrees that you control X Bitcoins. That consensus declaring your ownership is unlike anything most have ever been exposed to. It will take some time for the masses to move to such a system after being made so afraid of publicity of wealth. With Bitcoin, the publicity of the ledger is what keeps you safe. With USD or gold, secrecy is needed to reduce attention, and armed security or insurance is the last defense. The paradigm shift needs some time and education. |
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This 'finding' is remarkable, even if the constant was found experimentally. But I have problems with the fact that the in-chain transaction volume in USD does include transactions between the same person. This invalidate the whole point in my opinion, making this perhaps a case of 'data overfitting'.
It is possible to include only transactions where a fee was paid. This may be a better metric. If someone wants to send himself money, as long as a fee is paid to miners it's still a real transaction. |
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That's a malware link. It tries to get you to install a trojan horse by fooling you into thinking you are installing a new version of Flash. Don't visit the link, and definately don't download or run the offered application. |
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That's definitely not unchanged. There is a clear upward trend. Your selection of a linear chart simply zooms out so far due to the temporary spike, that it becomes difficult for some to see. Erase the spikes that occur around bubbles and the overall bullish trend becomes apparent even on linear charts. |
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how can you check if posts are edited and/or deleted?
The site below mirrors bitcointalk posts and often preserves deleted posts, but it seems a bit erratic in what it records. You can link your bitcointalk account to it at the link below but I'm not certain how it works. Is anyone here registered there? https://bitcointa.lk/link_account/Why would you not use the bitcoin blockchain for this? You do want a verifiable ledger, right? because it's a just for fun idea, we won't actually be trading - that way anyone can join in. And? You can use the bitcoin blockchain for simple messages. They will be timestamped, ordered, non-forgable, and non-deletable. You can start as simple as "buying 1BTC at $376.72". Just post the bitcoin address you are using in a thread here and they can all be tracked easily enough. You can get much more complex if you wish, and code up an app to send the message and track the leaderboard. But that's optional. |
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how can you check if posts are edited and/or deleted?
The site below mirrors bitcointalk posts and often preserves deleted posts, but it seems a bit erratic in what it records. You can link your bitcointalk account to it at the link below but I'm not certain how it works. Is anyone here registered there? https://bitcointa.lk/link_account/Why would you not use the bitcoin blockchain for this? You do want a verifiable ledger, right? |
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The overall 2-year trend resumed in May:  |
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No, the point of Bitcoin was to escape a) the fiat control of central banks, b) the fees of money transmitters, and c) the naked short selling in the gold market.
These are under no threat by taking wall street money.
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My bad. What got you so riled up then?
Seriously, for like a month now... people have been total dicks to me. Today, I said we might get a slight downdraft following the Black Friday buying (retailers will unload at least some and people won't buy as much once the sales pass)... not a crazy idea. Then, I get like pages of s--- about how I am a retarded newbie who doesn't understand the technology and how BTC is going to like a gazillion by the end of the week. I mean, the tenor on here has changed but also a lot of the more hardened cultists are pushing out actual discussion. Like, my feeling, is... the technology is cool, the exchanges suck, there is a ton of manipulation a lot of which has to do with interests outside of BTC, and I'm interested in hearing people's ideas about where the price is going -- whether they agree or disagree with me. Not craziness, bullying, and referencing a single one-off trade (that random spike to $450... I had a short at around the mid-380s, closed it around $410 when I realized it was going to keep running, and recouped part of the loss on the way up and back down). Like, at this point, I'm kind of agnostic on my feelings about the price outside the very short-term. I think the community is too hostile for new people to come in, demand is flagging, and there are some headwinds (centralized miners needing to dump to cover costs, retailers dumping at least some... even if it is really BitPay or Coinbase dumping excess over demand, and regulation). At the same time, the price has already dropped so much that I can't say I really think it will drop much more... just that it won't be going to $10000000000000000000000000000000000000000000000000000000000000000000000000000000000000000. A few years off, if this remains the primary crypto then society may catch up and you might get another explosion. This isn't a sure thing and not something happening in the next couple months -- that's a protracted event that requires a few things happen before hand... but it is possible. But, even that aside, this is a speculation page. I'm speculating. Some days I speculate it will go up. Some days I speculate it will go down. But, instead, I just get lambasted by a bunch of hodl-tards (different than people just holding for the obvious reason of uncertainty and to avoid exchange fees -- which is smart) who accuse me of being a troll or something else. The community has just gotten really screwed up... it's turning back into an echo chamber. Frankly, I'm thinking about playing out a higher leveraged short just from these interactions -- maybe things are worse than I had realized. We're all very puzzled why you seem to be the target of so much anger. Every time the price goes down I am going to cheer. I don't even care if I take a long position at some point and the price goes down. I'll have the satisfaction of knowing some of the assholes on here lost money.
No, no... the price will only go down because the people who use this s--- are delusional f---tards who are ignorant, rude assholes to anybody new. Toss in the fact that it is monopoly money and a pump and dump penny stock and you all are seriously fucked.
Only the space titans have access to those. Magical, imaginary charts for magical, imaginary money purchased by people with magical, imaginary friends. Yes, f--- it... I'm not even going to be reasonable anymore. I'm just going to troll. You bastards have been way too hostile to me for having honest opposing views. F--- you all.
Sorry bud, no anal gorging, tonight... well, except for you and your boyfriend.
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 If this breaks out sideways, I may die of boredom. |
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Reproduce. Stay plump and delicious. Leave the thinking to us.
I'm not sure your role as foil is actually productive. This thread really doesn't tend to move the market anymore. Bitcoin has grown beyond that. Besides, you preach to the choir. Most have already bought in. Your reverse-psychological prodding may not be worth the effort. |
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Indeed. It is... the reason you do not go 20x or 10x in on margin. I tried to warn you. |
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Unfortunately china feels like the correction is not over... while the west is quite resolved. I hope those who bought here managed their risk well and can deal with some volatility. We should bottom out above 2580, probably substantially above 2580.
2580 is 50% fib retrace. Why would you doubt we make it that far? Because 38-50 is normal? We kinda overshot by a lot too though. wave iv bottoms within the wave iv of one lower degree. 2580 is the lowest. the west has brutally tested this level. good chance we just bottomed out. obviously volatile so gotta take care down here. 2440 on Huobi. 2412 on OKCoin. 386 on Bitstamp. |
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The rocket will launch after the countdown. That means page 9876.
Who knew? |
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So we've changed from this:  To this:  Those waiting to buy at 2510 should never see it. iv has been raised. Your next guidance is to wait to buy at 2580ish. But the very same thing may happen again, leaving those waiting on (iv) disappointed as well. I assume it's possible that iv could be raised again, right? When EW makes a great call, it's awesome. But you really have to keep changing the plan to stay on top of it. So the plan doesn't tend to have a great deal of longevity. |
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