You mean that for real or trolling me?
Did you open a support ticket? Better open two, because this looks very serious. |
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insolvency! run! flee! bitstamp was probably hacked and they are hiding the facts just like gox did. first they stop USD withdraws, then they stop bitcoin withdraws. we've seen it before. you have been goxxxed bitstamp style
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Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.
Yeah, sure, I don't disagree that this is definitely putting more pressure on the price than when there weren't any coins being mined every day. That's also the reason why everyone is waiting for the block reward halving. The supply isn't new, though. And never underestimate speculation. The halving is a nice price trigger but we don't really need to depend on it, other things will push the price up, it will be the sum of a lot of variables. It's not as much as a trigger - the halving will be priced in well before it occurs. We may already now pricing it in slowly without even realizing it. Then again, it could push the next potential bubble way higher than otherwise (without the halving). Considering the amount of coins that can potentially be sold every day just for the sake of it, we must congratulate ourselves for even price stagnation. As long as the price doesn't decrease rapidly by orders of magnitude, time is actually our friend. |
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Your whole post is complaining about pressure from miners selling.
I'm here to tell you only a portion of them do and surely the current price is not a result of miners' selling pressure.
Take it how you want it but I'm just saying you're barking at the wrong door.
The only one complaining is your mom. Surely the current price is the result of the miners' selling pressure because if miners didn't sell or didn't receive a single coin the price would be higher. Now you probably want to say that miners are not the only factor and I agree but you must admit that mining still generates a lot of coins out of thin air and we can never say for sure where they end up. 3600 BTC get dumped every day? Who says that this is actually true? Don't you think that at least a considerable amount of those coins are *not* liquidated? What about people buying BTC in bulk from miners, in order not to push the price up (long term acquiring phase)?
Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that. |
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Will you people eventually stop repeating this nonsense.
No, 3600 bitcoins do not get dumped on the market everyday.
No, not all miners have to sell their mining rewards in order to keep running.
So what? It's the intrinsic supply. You want be a smartass and whine about precision? Sure some won't sell but then again there are old coins that get sold. I'm referring to the order of magnitude of new coins that the network has to handle every day. |
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Something better be happening soon, I'm getting bored. That damn supply is killing the price I tell you hwhat. Every 10 minutes someone gets 25 bitcoins. 3600 bitcoins get dumped erry day. The demand is actually pretty good if you consider the fact that price is holding triple digits under all this selling pressure from miners. If miners were to stop selling, where would the price go?
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Is it really slow or are you just surprised not to see some trades at all? It's a feature that they do filter small trades below a certain value or combine them into one "trade" when reporting them.
They're using HTML5 canvas which is kind of laggy. It's usable but perhaps their FPS limit should be higher or something. |
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I was using bitcoinity for quite some time, but not anymore as I prefer to use bitcoinwisdom as they seem to be more accurate and have less issues.
Bitcoinity was never really that great. I only liked it for the visualization of walls moving around and it lagged. I guess it isn't so bad for people just getting into the game. Bitcoinity looks much easier and may very well be simpler to comprehend. Bitcoinwisdom looked pretty complicated in the first place, but I now prefer it, it just offers so much more and is better. I don't like bitcoinwisdom because it's irritatingly slow in comparison to bitcoinity. |
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You do realize that we're in a phase of finding the true bottom and are struggling to achieve a breakout off the 15-month bear market(!!!) If the turnaround has been confirmed, we will go up. Big time.
The bottom is in at 152$, trust me. At least 2 people have confirmed it as this number appeared in their dreams prior to the actual manifestation of the bottom itself. |
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Well, bitcoinity's depth charts have a track record of going slightly awry at times. I don't really know if someone has found out a reason for this, but the charts on Bitcoinwisdom seem to be a tad more reliable!
Good point. Stamp's direct order book looks very different. |
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 Manipulation? 300 very soon?!false alarm, just a software bug |
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Just a theory, but I have a gut feeling
I stopped right there. Theory and gut feeling shouldn't be used in the same sentence... Especially when it relates to something that could make you lose some money. Isn't that how all theories are developed before researched or proven/unproven? "I have a gut feeling we don't actually have all the planets and stars revolve around us, but we revolve around the sun..."Sure. But that's astronomy. This is money. And any decision about money that involves a "gut feeling" would mostly lead to losses. Now that just tears it. Do you even know what gut feeling is? It's your connection with the silent knowing that goes beyond the comprehension of this petty little thing called your mind. I wouldn't normally step into arguments like that but you are outright spreading wrong and malicious information. Gut feeling is what people should listen to. It is the mind and the ego that make us do all the wrong decisions in life. |
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My point is very relevant, as that is exactly where Bitcoin is atm. Bitcoin has proven to be successful experiment so far, bringing the price to three digit territory. Further growth requires substantial and really mass adoption, which we don't have at the moment (and we are quite from atm, actually). Maybe to be achieved in the future, but only under the condition of some really serious developments. Having said all that, I am not saying Bitcoin can't have another speculation bubble. Of course it can, but that would be rather the last one of that kind, after which there won't be much to fix.
Exactly! This can't go on forever because more and more people are getting the déjà vu moments and start profiting from it. I believe the greatest bubble is still yet to come. |
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*The next 24 days are absolutely critical
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Once we get to 300 we must hodl it as we never hodled before...  |
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This is it my brethren, next week we will bring us 300+!!!
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I mean, why the fuck would you want to pay premium for individually delivered detergent bottles like this? the supply chain management guys would continually optimize for ideal time/money efficiency. I don't know if you've ever attended a lecture or read anything by them, but it's actually pretty high level and intense stuff. yeah, it's sort of like the travelling salesman problem. cryptocurrencies are the global optima. |
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Exactly. We can rationally see that if bitcoin was used everywhere in the world then 1 bitcoin should cost 1 000 000$. however, people are not rational so they get greedy and drive the price 10x higher than it's real value is. I wouldn't be surprised to see 1 bitcoin costing 10 000 000$.
and a loaf of bread costing $50 000 not necessarily, but probably. my point is that dollar does not need to inflate for bitcoin to conquer new heights. |
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