$1198.801 is the high for kraken usd... $7 to go.
Done. |
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and i'm in the red something like 4 BTC... ARGH.
How in the fuck does that happen ?! Shorters  |
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You're missing the one ATH that silences them all: Gox.
What was that at? Thought it was broken along with all the others when the boom time was earlier.  Maybe just a fantasy to rain on everbodies parade perhaps?  1242 iirc |
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their buy in was at the $10 mark mainly i think. they've been at it for five years now and arrived long before many people here. they definitely ain't johnny come latelys.
If they bought $11M worth of bitcoin around $10/btc, then they would have a million bitcoin. Impossible, no way in hell that they have 1 million bitcoin worth over $1T. Unless I'm confused and they had $11M worth of bitcoin in 2013 at $120/btc?? That would mean that they only invested like $1.1M in 2012 at $10/btc, giving them ~100K bitcoin. 1 million would be $1 billion, not $1 trillion. However, I believe that the number the claimed is 210,000 or 1% of the supply limit. Edited based on this: https://usahitman.com/wtcto1poab/ |
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Satoshi must be celebrating right about now! good for him, but now there is a foot on the brake and holding this machine to take off, miners not activating segwit. we need to sail in oceans please stop keeping bitcoin at bay.
segwit must not be activated!!! It is a trojan horse designed to obfuscate the source code of Bitcoin deliberately so that only a select few would be able to post further changed to Bitcoin. If you care about Bitcoin REJECT SEGWIT. There are way better alternatives out there. SegWit is funded by banksters and their agenda is to gradually gain control over Bitcoin. No SegWit until we have a clear solution to the decentralized routing problem (good luck with that). Without efficient decentralized routing, SegWit turns into a hub and spoke model. Guess who will be the hubs? |
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This isn't making a whole lot of sense because we're hitting all time highs at the same time that fees are climbing and transaction times are increasing. It seem like it would be the other way around for some reason. Can somebody explain?
You're thinking about it backwards. Price rise causes the increase in transactions. Some people move their BTC to sell, some people take advantage of the opportunity to buy things and pay with BTC. |
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$1198.801 is the high for kraken usd... $7 to go.
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https://tradeblock.com/bitcoin/1.2 Million BTC in motion, $1.35 billion worth. 112k transactions 64.5MB, will take 10.75 hours to clear assuming now new transactions (good luck with that) The market could easily overheat here if people can't move their coins to the exchanges to cool it off. But transactions per second is at 4, which is within BTC's ability. I see the 60mb figure, but how are they conflicting? (Yeah, I don't get this) Thanks in advance for an explanation. BTW - Kind of funny that bitcoins limitations can slow a move down... Its about sharing 7tps is with minimum size transactions. In practice the average transaction is much larger. Also, the rate has exceeded 4tps for periods in the past couple days. |
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https://tradeblock.com/bitcoin/1.2 Million BTC in motion, $1.35 billion worth. 112k transactions 64.5MB, will take 10.75 hours to clear assuming now new transactions (good luck with that) The market could easily overheat here if people can't move their coins to the exchanges to cool it off.
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what's currently the "official" ATH?
1163$ no one cares about the fake ATH that gox did The media does. They won't run a story about breaking the all time high until they can do it without having to explain why the MtGox price is invalid. |
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The price is back to $1062, that dip was just a natural correction of some people taking profit, the bull pressure is still strong, we are going to be at an all time high in no time, and once we surpass then the sky and beyond is the limit, we can never know how high it will go.
I keep seeing the same thing... One big push up, then a few more pushes with diminishing momentum, until someone comes along and knocks it back down. Rinse and repeat. There is no follow through on the bull side. If we can stay sideways until we get some good news that drives us up we might escape without a significant down move, but without a catalyst to get people excited we're not moving directly up from here. Well, there's some momentum.... let's see if it has legs. All I had to do was say it wasn't going to happen  |
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The price is back to $1062, that dip was just a natural correction of some people taking profit, the bull pressure is still strong, we are going to be at an all time high in no time, and once we surpass then the sky and beyond is the limit, we can never know how high it will go.
I keep seeing the same thing... One big push up, then a few more pushes with diminishing momentum, until someone comes along and knocks it back down. Rinse and repeat. There is no follow through on the bull side. If we can stay sideways until we get some good news that drives us up we might escape without a significant down move, but without a catalyst to get people excited we're not moving directly up from here. |
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Thats not a cup I would drink from lol. But seriously. In my opinion the cup and handle pattern only applies to the bad sentiment without radical selling folowed by good sentiment without any radical selling pressure. I have not seen any change in the sentiment so I would not predict any price change lately.
This. The cup would fall over and spill your drink. The long term cup and handle is bullish AF but this short term pattern makes me think we aren't done with the longer term handle yet. TL;DR: cups should have round bottoms. This is not a cup. |
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snip Are you generating this by hand? #4 is higher than #3, #7 is higher than #6, and #2 is for a day that didn't finish yet. How about I post both tables in future? It's no extra work for me. Here's my version: Update:
1 2017-01-04 1045.93 EUR
2 2017-02-17 990.91 EUR
3 2017-02-08 983.77 EUR
4 2017-01-03 978.51 EUR
5 2017-02-07 977.62 EUR
6 2017-02-16 974.94 EUR
7 2017-01-05 969.07 EUR
8 2017-01-02 967.42 EUR
9 2017-02-15 959.22 EUR
10 2017-02-14 953.93 EUR
11 2017-02-06 953.52 EUR
12 2017-02-04 951.30 EUR
13 2017-02-11 949.68 EUR
14 2017-02-12 946.24 EUR
15 2017-02-05 945.54 EUR
16 2017-02-03 942.26 EUR
17 2017-01-01 937.48 EUR
18 2017-02-13 937.09 EUR
19 2017-02-09 932.77 EUR
20 2016-12-29 927.36 EUR
i did use an uncorrected version. thx for pointing it out. edited the post. the 18th was/is still a few hours to go, that was a bit to early. feel free to do it yourself, though i still would like to do this as well. you decide. would you be interested to do a version in chinese yuan? with USD, €uro and yuan most of the worldwide exchange trade would be covered. JPY is the largest market by volume now. |
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"Break the purple line up will mean that the previous forecast is not true. In this case, the price probably will visit the top blue line." - Bitcoin Wang
so much for forecasts.... i guess i'll just go tune into the weather channel for my trading forecasts Trading is a game of risk and reward and probability, not of actual forecasting. Nobody is infallible, and just when you think you "know" what the market is about to do, that's exactly the time when the market will screw you over. The easiest thing to do is find out what the dominant trend is, assume a position according to it and then wait. Good point. Also yesterday's candle was barely over, and today is far from over. I wouldn't exclude the possibility of a strong down move just yet. |
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- In the meantime, Bitcoin -- at 1MB blocks -- is hard-capped at ~250,000 transactions per day. Period. The consequences of this could rationally be argued to be constraining new entrants into the system. (Indeed, I would say it is obvious that it does, but grant that others may have a differing opinion.) The pool of node operators is a self-selected subset of Bitcoiners. If we prevent new Bitcoiners from entering the system, the potential population from which node operators are selected cannot grow. Many of us think it likely that some percentage of new entrants will start up nodes. So increasing block size may actually result in more operational full nodes.
This is a key point. More people being able to use the bitcoin network will be a decentralizing force. Really, the debate is about which force is stronger... nodes dropping out from extra bandwidth or new nodes because of new users. If the percentage of users running a full node drops from 5% to 2.5%, but we double our user base, we have the same level of decentralization. Since increase in bandwidth and storage are generally better than linear, I would expect that increasing usage and thus resource requirements would result in a sublinear increase in node operations costs. If you can have X bandwidth for $Y, you can probably have 10X bandwidth for $2Y. You might argue that increasing blocksize will result in more transactions of less value, but changing blocksize has 0 influence on the miners' cost to include the transaction in a block. There is always a cost due to orphan risk, long term storage, and UTXO bloat. Blocksize doesn't change any of that. |
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to clarify and explain a few details:
the winkles already bought their bitcoin for their trust YEARS ago.
their ETF is not the actual bitcoin price. but a SHARE price of the COMPANY(trust) the winkles own.
do not confuse the ETF with bitcoin. they are 2 different things.
...
now with that said. when/IF the ETF is released people may convert their retirement portfolio's to include ETF shares. (not affecting the bitcoin price)
but may prompt people to SEPARATELY find out more about bitcoin and SEPARATELY try to buy real bitcoins (not ETF shares).
issues with buying real bitcoins though, is the headache of buying bitcoin, due to all the registration requirements and maximum spend limits of exchanges will limit large whales.
so the ETF can cause a chain reaction. but how soon and how much this chain reaction may cause.. is an unknown variable
This is a very clear overview of what the ETF is, I have only seen comments in other threads on the price of bitcoin sky rocketing as a direct result of the ETF, thanks for this explanation. The ETF is backed by bitcoin and each share will represents 0.01 BTC. Shares are convertible to bitcoin and bitcoin is convertible to shares (but only in sufficient quantity). This convertibility will ensure that market makers are able to keep the ETF in line with bitcoin. If the ETF gets bought up, people will buy bitcoin, trade them for shares, then sell the shares and repeat this until the prices are aligned. Yes, the ETF is different from bitcoin in many ways, but to say it can't influence bitcoin price is not accurate. |
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Update:
1 2013-11-30 1132.29 USD
2 2013-12-04 1111.56 USD
3 2017-01-04 1088.45 USD
4 2013-11-29 1065.36 USD
5 2013-12-03 1050.57 USD
6 2017-02-08 1045.63 USD
7 2017-02-07 1043.50 USD
8 2017-02-04 1022.99 USD
9 2017-02-06 1021.23 USD
10 2017-01-03 1020.56 USD
11 2017-02-05 1015.96 USD
12 2017-01-02 1013.00 USD
13 2017-02-03 1009.32 USD
14 2017-02-15 1009.09 USD
15 2017-02-11 1008.19 USD
16 2017-02-14 1006.66 USD
17 2017-01-05 1005.35 USD
18 2017-02-12 1002.34 USD
19 2013-12-02 1000.49 USD
20 2013-11-28 998.56 USD
1 more day with 4 digits and the 3 digit days are history. |
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