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13601  Other / Politics & Society / Re: The religion of the future on: July 07, 2016, 10:53:36 AM
It appears that plenty of humans do have the religious gene so I guess there'll be enough of them going forward to create new religions. Let's hope they're sane ones.
13602  Bitcoin / Bitcoin Discussion / Re: So Saturday is halving day what is your opinion on: July 07, 2016, 10:51:51 AM
do expect prices over 830 $ after Saturday ?

No. There's absolutely no reason for that to happen. In a few months? Perhaps. It's not an instant deal.
13603  Bitcoin / Bitcoin Discussion / Re: Your worst experience with bitcoin on: July 07, 2016, 10:47:58 AM
Nothing. I've enjoyed purchasing all of the drugs, assassinations and Cheeze Pizza that I have with Bitcoin. Whether the victims feel the same way is not my problem.
13604  Economy / Speculation / Re: 1 BTC = 100.000 to 1 million is a possibility in 2035 on: July 07, 2016, 10:39:57 AM
It's very unlikely but still possible.

People often forget that its price is measured by market cap. The currencies it's priced in are not.

A $100,000 valuation implies a market cap of $2 trillion more or less by then.

How much actual expenditure would that require? As a pure guess maybe 1/10th, possibly a lot less or a load more. I don't have a clue.

That's $200 billion of hard cash pouring in. That's not THAT much money when you take a whole world into account. Sustaining it is another matter.
13605  Bitcoin / Bitcoin Discussion / Re: So Saturday is halving day what is your opinion on: July 07, 2016, 10:33:25 AM
It's going to be business as usual. I think manipulators may have a go at making a move. Whether that does much depends on how enthusiastic their victims are feeling.
13606  Bitcoin / Bitcoin Discussion / Re: Less than 355 blocks left! on: July 07, 2016, 10:30:23 AM

Further, miners could stop mining, because it is no longer profitable. In turn, total hashing power will decrease significantly. This might trigger a psychological reaction that draws Bitcoin's growth into question. As a result, buying demand for new coins decreases.


Do you think that many buyers pay attention to that statistic? I doubt the vast majority have the slightest clue. And the hashrate gave up relating to reality a long time ago. They will pay attention if the difficulty adjustment screws with how things operate of course.
13607  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2016, 10:27:19 AM
And it was at $1.50 pre vote results. Now it's hovering around $1.30. It takes a little longer to tank. Some people say it's because it has wider adoption. I'll believe it when it see it.
13608  Economy / Speculation / Re: 1 BTC = 100.000 to 1 million is a possibility in 2035 on: July 07, 2016, 10:22:51 AM
How can anyone make suppositions about price related to halvings when there's only been one so far?

Each one is going to take place under very different conditions. Look how much further along we are since 2012. By 2020 we'll be eating meals made from one pill and flying around in jet armchairs. Can't wait.
13609  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2016, 10:20:40 AM
Those of us stuck in the UK no longer have to worry about a falling Bitcoin price as the pound is falling even faster. Great stuff if you never need to buy imports or go abroad ever again.
13610  Bitcoin / Bitcoin Discussion / Re: Less than 355 blocks left! on: July 07, 2016, 10:19:25 AM
how many block are mined per day ?

There will always be the same number of blocks mined. It's the block reward that reduces. If the number of blocks mined fell too then we'd have more than a few functionality problems.
13611  Bitcoin / Bitcoin Discussion / Re: Less than 355 blocks left! on: July 07, 2016, 10:05:04 AM
3600 coins at present.

The real effects of halving are going to take months to absorb. And people keep getting the words 'supply' and 'production' mixed up. If the price is right there will always be enough supply.
13612  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: July 07, 2016, 09:41:20 AM
Looks like XEM heading back to 500's
Where have the hypers gone?
They should try harder to pump the price

Nope. Far better to let nature take its course otherwise you just end up with more bagholders. If it truly deserves a high valuation then it'll get there.
13613  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: July 06, 2016, 09:55:36 PM
How did that happen? I thought transactions were in the 10-15c range. That's still far too much but rather more manageable.
13614  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: July 05, 2016, 01:32:02 PM
Only bought. Never sold. I think our pumping fun might be over for now. Let's see where it settles. No doubt there'll be more in the future.
13615  Economy / Speculation / Re: How Much Do You Think The Bitcoin Would Be Comes Halving? on: July 05, 2016, 01:24:25 AM
we've had our rise and it was a good one. I think we're headed to 666 to settle which I remember not fondly from 2014 too. this is bit coin's wish.
13616  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the best thing to trade on: July 05, 2016, 01:19:46 AM
there've been weeks and weeks on end of almost total stagnation. the movements we're getting now are pretty unusual compared to the recent past.

if I was a trader I would've shopped elsewhere a long, long time ago.  every single share I have of every magnitude has moved more than bitcoin has over a certain  period of time.
13617  Bitcoin / Bitcoin Discussion / Re: How many bitcoins have been lost forever? on: July 05, 2016, 01:16:45 AM
of course we'll never know, but I'm going to settle on the 2 to 3 million option. that includes ongoing carelessness and early indifference.
13618  Other / Off-topic / Re: What would you do if you suddenly lost all of your bitcoins? on: July 05, 2016, 01:14:36 AM
I would do a poo poo in my thong. then cash in me alts and get the majority of them back again.
13619  Economy / Exchanges / Re: When will MtGox make partial restitution? on: July 04, 2016, 07:28:15 PM
What I really want to know is what happened to all the fiat? There's been barely any mention of it whatsoever anywhere. Has it all gone? Where did it go? Are the 200,000 coins being partially used to return that as well?
13620  Bitcoin / Bitcoin Discussion / Re: Effect of halving on cloud mining? on: July 04, 2016, 04:34:00 PM
I doubt any of those all cloud mining sites will exist after the halving, they may cancel all your contracts and stop mining saying that mining reward is not enough to cover running fees, which is completely a lie.


As we can see on this forum every minute of every day, there's never a shortage of silly sausages willing to give it a try no matter what the real mining landscape looks like. When the block reward is 0.0000001 there'll be some tosser hawking it and another tosser swallowing it.
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