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Wait for the next two halving. I'm predicting price to go up drastically after that period.
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Cool. I can imagine it's going to be a norm someday.
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For folks saying their profit is lowering/no profit... For me, they seem to be doing good, they would have already shutdown if they weren't having HUGE profits  As for maintenance... Well, 24/7 maintenance, what's better than that?!  And yes, a lot of people underestimated the actual mining cost. I mean these guys are just here for the profit. they wouldn't even bother what happens to bitcoin. And definitely if mining for loss, they won't be for sure will continue their operation. and that's a fact. |
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The problem we are facing right now is that the society nowadays are generally I would say quite content and happy with the way things are going right now. Anything new and somehow a jargon for their understanding has always being given the cold treatment. So it's not the complexity of bitcoin that becomes the problem. It's the people
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In reality that could never happen and yes, hoarding does reduce supply in the market and will inadvertently brings up value of the coin. More over this would reduce the volatility we're seeing right now because everybody wants to hold on to the coins hoping that one day they will be able to sell at higher value. Again, this is the ideal scenario we want to see but despite all that, it will never happen because the community will never reach a consensus. People are more focused on quick selling and buying for short term gains.
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I'm not sure exactly what metric they use for their study as the explanation doesn't go into that detail or how they arrive and come up with that conclusion but one thing for sure, i believe with adoption rate on the increasing trend that should track towards the positive side. Not the other way round. Or there is something else i missed out.
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Good news indeed. We seriously need this to get going and the main keyword which got my attention was "European brick-and-mortar retailers" and it is somewhere bitcoin is seriously lacking.
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What happens in exchangers is that even though there is a buying and selling activity going on involving bitcoins in actual fact, btc never changed hands. It is just numbers adding up and reducing. And that is what gives the power to trader to short sell and pushing the price down with money they don't actually own. And yes, it affects bitcoin negatively.
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I tend to disagree. If you hold large amount of paper money for example like 100k, eventually you will need to involve banks. You can't just keep it in your house. And you can't carry that with you through airports. And if you deposit that amount there is every way to trace back where the money comes from. Tax collector will compile that piece of information. Whereas for bitcoin you can always make it more anonymous like for example mixing the coins around with other cryptos.
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I've been thinking more and more...why are people so overly emotional about the bitcoin price? We saw a $10 to $15 drop this morning and everyone starts panicking.
I honestly believe that a lot of people invested more than they can afford to lose and that a lot of people invested who never should have. There are always going to be price fluctuations.
I think it's partly why bitcoin bottomed out so low honestly...lots of these types of people panic sold at a loss. Let's hope most of these faint-hearted, emotional investors have been wiped out of the game.
People who get emotional are those who gamble with the money which they can't afford to lose. |
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there is very little money to be made in bitcoin relatively
To them it might too small of an amount to call profit. Since fiat are being printed indefinitely they can always buy all the bitcoins. Maybe what is more important is seeing bitcoin fails more than anything else |
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Usually the fees are auto calculated by the programs and there is a certain protocol put in place, to avoid the transaction getting stuck. The normal fee is usually 0.1mbtc unless there are certain conditions that warrants higher fee. the link here explains it very well https://en.bitcoin.it/wiki/Transaction_feesIf you are using electrum, there is an option to adjust the fee but I wouldn't advice you to do that. The program will automatically deny sending of funds if the conditions are not met. But after having said all that, I just wonder, does additional 10cents fee going to make whole lot of difference? Probably, transactions are included in blocks based on the the transaction fees, the ones with high transaction fees and priority would be included very fast. If there are two transactions, one with high fees and one with lower fees but have the same priority, the one with higher fee would most likely be included first. It all depends on what the miner's rules are, the miner is free to choose which transaction to include in the block. My statement questions on whether adding more fees that amounts to extra 10 cents going to make any difference in terms of cost. |
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That's the whole problem with the media. News are sometimes sensationalized...anything to get readers' attention. I hope the general public don't get the wrong idea and link bitcoin to something illegal.
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Pretty cool to be a student again, it would seem In my time, there was no free money being given away  The credit card companies were giving away free stuff all the time. Here's a free candy bar, all you have to do is sign up!  Brings me to the memory that at one time cigarettes were given out for free because the younger generations weren't consuming that anymore so they have to make it a trend |
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The concept you explained is similar like what we see in banks. If every person who holds an account decides to make quick withdrawal simultaneously at the same time how many banks can actually liquidate the assets that they hold to pay off that amount?
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So isn't that a perfect opportunity for you to place your buy order? If it really *does* get to that level...
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For any reason, if it does happen, this time round it is going to be even worse and it is coming from Europe.
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Never come across one before. I just hope oanda will make it possible someday because they have added Bitcoin as one of the currencies in their converter. Anyway, if you are into leveraging on short and long position you could also try out https://btc.sx/ |
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Let's hope they hang on to the coins and don't sell it immediately after getting a small windfall.
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The best option right now to secure your coin is either using paper wallet or hardware wallet. While I'm not over enthusiastic about having paper which reminds me of my fiat money, I suggest you look into having the hardware wallet. Maybe this can be your starting point https://bitcointalk.org/index.php?topic=899253.0 |
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