I've seen a lot of minor reasons why it dropped but the real reason is obvious. The distance in time from when GPU mining really took off to about a week ago is approximately the time it takes to pay off the average efficient set of cards. If I mined from April to now, my cards would be paid off too. So people with lower budget simple rigs are hitting that level and thinking about selling for USD or permanently withdrawing their USD from the exchange so their long term investment ends nicely instead of continuing to risk it.
The majority of miners joined to make money/get "free" cards so if you've made around the cost of your rig and saw the price drop and stay there for a few days then sneak down a little more then stay there and show no sign of raising but you're sitting on like 30-50BTC, you're going to take the opportunity to dump them all on the market just in case it drops to like $2 and ruins your entire mining experience.
Unlike other people, I'm going to actually post evidence. 2 months ago there were about 8 radeon 5830's on ebay with the cheapest at $140. Now there's 38, almost all used, almost all referencing bitcoins, and the cheapest around $127. People are definitely selling off their rigs now that the price dropped and they've already "cashed out."
What's not causing the drop is:
- investors because no investor sees it drop like $2-3 and decides to sell. That doesn't make any sense and if they're as stubborn as me, they won't sell it at a loss even if it takes 6 months of sitting on BTC to prevent it.
- any blog post, news article, or forum post caused it because our opinions on BTC is pretty set in stone and can't be shaken by something so insignificant.
- a massive theft and sell-off because we should have heard about it by now. It would have been at least like 500,000 BTC to get to this price and that's almost 10% of all coins that exist.
I sure hope you're right and dont lose more on your investment.
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Free speech refers to the amendment stating that the government won't make laws restricting speech.
It has NOTHING to do with what and who is allowed on a message board.
This board could use some serious cleaning, IMO.
And who is going to stop my fingers from typing?
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OK, and how is that Asshole related to this Topic ? He's an asshole.
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Can't wait till we hit $20 after Bitcon so I can come back into this thread and LAUGH.
Guess your predictions were wrong? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Well since he has until the end of time to be correct - that prediction isn't wrong yet .............. If project dies that would not be at the end of time.
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"move up" -> steadily increase its price for a considerable time frame. Not -> "bump and bounce".
What will be the catalyst of the price moving higher? New investors? Good bitcoin PR?
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Free speech brother. Whining is allowed here too. Welcome!
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What manipulator?
It's early September, time when, in the North Hemisphere, people buy books, clothes and all school paraphernalia, an easy "many hundreds to thousands USD, EUR, CAD(...)" expense. As there're no Bitcoin market to this kind of stuff, yet, people will rush to cash them out causing a low. Nothing out of the extraordinary actually or unexpected. Next week this settles and btc will move up again.
Such general terms "will move up again". It just move up 10 seconds ago. I suspect we will see a surprising low we did not expect.
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Blocks solved SC # Block # Solved on Duration Status 1400 31924 2011-09-08 14:33:57 0:2:39 119 to conf. 1399 31922 2011-09-08 14:31:18 0:2:43 Inv. 1398 31921 2011-09-08 14:28:35 0:10:17 Inv. 1397 31915 2011-09-08 14:18:18 0:1:6 Inv. 1396 31914 2011-09-08 14:17:12 0:1:24 Inv. 1395 31913 2011-09-08 14:15:48 0:2:55 Inv. 1394 31912 2011-09-08 14:12:53 0:3:24 Inv. 1393 31911 2011-09-08 14:09:29 0:5:34 106 to conf.
what is going on? where i can find working blockexplorer for solidcoins ?
you cant. The block explorer is broken last time I checked.
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Lol! This one deserves a bump This was a fricken hilarious video. "BOOOOOOOOOOOOOOM"
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Send it back. BTC address below. I really need my bitcoins...
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Nah, 1st one is probably someone discovering the "joy" of a hard 4kB tx size limit (*way* more convenient than those EVIL variable tx fees, eh?) 2nd seems to be for some reason stuck downloading the chain and keeps DCing his peers thanks to the "disconnect peer if he sends us more than 9 orphan tx" "improvement". This reminds me of computer science days in college when my prof said sometimes fixing something breaks more things than it fixes. That statement applies oh so clearly here.
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I personally haven't edited any comments, I simply delete offending posts posts which contain spin against me. I can not handle my own medicine. until the person writes a post that doesn't contain insults or other offending material things which put me in a bad light. I am the only one who gets to insult people around here!. If they keep posting in the same manner they get banned of course its silly to contact that person via PM, or leave an admin message in the deleted topic being transparent.. If you or others have hard time being civil on the internet then it's not the place for you basically.
Hey guy, I completely understand -why- you deleted it. The same propaganda you put out there with "Solidcoin:Ready for BTC Collapse" is the same spin I put back at you, "SolidCoin: Just like the FED". And you're aware you're 'loyal supporters' are so easily gamed, you're afraid the rhetoric would scare them off. And it should. But by your own posting here, acknowledging it, more people reading the screencaps. It's more than obvious you're scrambling... "Pay no attention to the man behind the curtain!". It's okay. Maybe one day, if you ask nice enough, I'll take you under my wing and show you a thing or two. Whats that? Yeah, I'm under your skin ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Solidcoins at 0.0081 err I mean 0.0059btc!!!
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Now I technically have a license to bash coinhunter since I am him. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Smoothie nothing anyone here can say to you will cause you any more shame than you have already produced for yourself.
Yeah I have so much shame.
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Also...
NEWS FLASH!..
I am also Gavin Andresen. I like to make lots of accounts and bash myself as another personality. So that's three in order of importance:
1. Smoothie (cuz this personality is the coolest) 2. Gavin Andresen (cuz I'm calm and collective) 3. Coinhunter (cuz I'm stupid and need to bitch slap myself)
lol.... just lol.... Do you want to be me too? or I be you? **is confused now.... Sure seems like coinhunter and many here want me to be RS/CH. LOL
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Keep things in perspective. Internet detecting is hilarious and fun, but if you're going to contact sponsors of a show that is not even related to Bruce directly (like the other programs there), I'd use proof not opinions. Getting other people hurt based off of a personal dislike of someone is not fair.
Links to court records of the things he got busted for would be actual proof. These were posted several hundred times. I truly believe if Bruce was innocent he would engage his opposition to set the record straight and stop dodging issues and saying one thing and doing another. The guy is practically MIA after the "oh so important bitcoin conference and world expo".
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Keep things in perspective. Internet detecting is hilarious and fun, but if you're going to contact sponsors of a show that is not even related to Bruce directly (like the other programs there), I'd use proof not opinions. Getting other people hurt based off of a personal dislike of someone is not fair.
Links to court records of the things he got busted for would be actual proof. As I've made clear many times I don't in any way endorse or support the idea of attacking Bruce with baseless accusations. His absence is proof of his being guilty. Otherwise he would engage his opposition and prove to us he isn't a damn scammer.
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The buyer contacted me. Hopefully he will post in this thread to demonstrate that the sale truly happened.
First tangible good ever to be purchased with i0coins!
Nice.
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The impossible just happened! Someone looked into the future and saw that the flaw that cannot be fixed is fixed!
Jokes aside there are many ways for this to be "fixed", one way it may happen is technological advances will render the growing block-chain to be a trivial amount of data(and thus not a problem), another way is there could possible be some people who will act as central nodes which contain the full block chain while other people just hold the last 200,000 blocks or so(I know this will some what centralize bitcoin but the number who have the whole block chain cannot be limited by the government and there's nothing to prevent the common BTC user from ordering a few extra hard-drives and storing the whole block-chain.)
My point is nothing is impossible unless you make it impossible for yourself.
Okay I have to take a shit but I don't want to. So it will be impossible for me to take a shit no?
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