That 8 mb increase every 2 year model would still LN to be able to cope with the amount of transactions needed to compete against the big electronic payment players. Mastercard, Visa, Western Union... they still can move a lot more transactions per second than BTC with a way higher blocksize. So Gavin and Maxwell need to start working together because both visions are needed to reach something that can be scalable for the next decades. I wish we wouldn't have to resort to things like LN and run everything nicely inside the blockchain but I guess that isn't possible.
Well since the lightening network isn't full deployed yet the argument can be made that an increase in blocksize now will help with the number of transactions now and then the LN can aide that process in the future. Also an 8MB cap doesn't mean that each block has to be a full 8MB. If we get to 16MB blocks before LN is in full deployment and then LN becomes fully deployed the cap can still be 16MB, but maybe the actual blocksize will go back down to 1MB/block actually being used. |
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Ok guys so with the newest updates to Bitcoin-XT it seems much more reasonable now. 1. 8MB blocks possible starting after 1/11/16 if XT achieves 75% consensus 2. Doubles every 2 years for 20 years I think I'm going to put bitcoin-XT on my RPi2 to run it as a full node, what do you guys think? Any reasonable/logical objections?  |
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Volume on finex is superrr low, 6-15 bitcoins on 15min charts. Makes me wonder what is to come.
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Some will be sold.
Some will be kept by miners.
Either way, the bitcoin economy will need to absorb 1,314,000 new coins. At $230 per coin, that's 300 million dollars to break even.
At any given time, someone can spike the price up to $500 or $1000 or more. But don't be fooled. It won't last because it can't last. The trend is down because Satoshi designed 2015-2016 to be part of the distribution phase. Controlled supply somewhat guarantees that there will be buying opportunities for years to come.
I only wish I'd learned this earlier.
There are over 8 Billion people in the world. Anyone who wants to own at least one entire Bitcoin needs to buy soon, before the prices go radically higher.  8B is not exactly the right number, we are still far away from 7.5B, the clock say 7,321,716,376 and if anyone want to hold at elast one bitcoin, i doubt the price will remain the same what this thread is saying, is that in the worst scenario where the demand will not go up, the price will go up anyway(because of the mining supply ecc...), so if you add the demand you need to raise even more your expectation about the future price There are not enough full bitcoins for everyone to own "one" bitcoin. If all 8 billion people wanted bitcoin an equal distribution (not curve) would be 0.0026 BTC per person  There will only be 21 million bitcoins. A single state in the US (such as california) has 38 million people  Decimals will be used for most transactions if bitcoin continues to succeed. |
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Usually a very good association between Dow Transports and US stock market:  But the Dow Transports has been decreasing and we are now back to August 2014 levels, downhill since the start of 2015:  Graphs in terms of % changes. |
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well i was right they are selling in chunk of 10% of the total amount, to minimize the impact on the market Yeah they are making it really easy to absorb. |
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that accumulation time is from very long time,but it is truth that accumulation may take very long time
there is possible to see that on stock,now price is more or less stable,
people needing so much time to scoop up coins is nonsense. whale traders have already bought their coins. they don't wait. the only people who do wait are slow traders and newbies. because they are unsure. Most people are on some sort of fixed income IE a salary. With a salary the more time that goes by they are able to purchase more coins with their disposable income. That is logical and not "nonsense". "Whale traders have already bought their coins" --Maybe. But they aren't called whales for nothing. By definition these people are already rich and can do as they wish with their money/coins and this is not representative of the 99% of people. This also doesn't mean that all millionaires/billionaires already have bitcoin positions, in fact most of them don't have any bitcoins yet at all...think of the possibilities there. |
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It's very possible. Only time will tell.
Food for thought: Bitcoin is extremely scarce with a hard cap. It is infinitely divisible, extremely mobile, cost nothing to "transport" and takes up almost no physical space (other than the device used to send/receive).
There will ever only be 21 million bitcoins. There is over 50 million troy ounces of gold mined each year (current estimates are about 80 million troy ounces per year).
Essentially no store/merchant accepts gold coins/bars in exchange for goods. The number of places accepting bitcoin in exchange for goods/services has gone up dramatically over the past few years.
In 10 years I give Bitcoin a 20%+ chance of truly being a Gold 2.0.
In 20 years I give Bitcoin a 50%+ chance of being the new global reserve currency.
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It's a sell off. Read the entire thread. The sky is falling. Sell your btc! BTC to ZERO in days! LOL. So many fudders out here its crazy. Do you even know who you're talking to? Bitcoin is not going to "zero in days". It's only 9000 coins being sold over a week (probably) in 750 BTC/day increments, keep your panties on. It's not FUD, its the truth and I link their trades each step of the way. Do your own research if you don't trust mine. |
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bitlicense is BIG, this is not some random pseudo mickey mouse news. bitcoin is taken serious by the fucking goverment. can't wait until it hits the mainstream media.
Yep. More good news. Like Mr. Buffett says, panic when others are hopeful. Wise words. LFC_Bitcoin, how much money have you lost on Bitcoin, up to and including today? You're not doing anything crazy like actually buying right now, are you? If you don't mind, could you elaborate more Mr. Buffett's word as I didn't get it. Thanks. I'm not sure if your trolling, but I'll play nice today. Mr. Buffett basically says to buy "low" when everyone has panic sold or is panic sellling (also called "blood in the streets") and to sell when everyone is buying (near end of a hype cycle). If you apply this to bitcoin, this is an amazing time to buy, whereas you would have wanted to be selling in the last $900-$1200 area. |
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bitlicense is BIG, this is not some random pseudo mickey mouse news. bitcoin is taken serious by the fucking goverment. can't wait until it hits the mainstream media.
Those of us who have HODL'd & bought whilst the price has been low for so long will have a good laugh at all the bears drowning in debt as the price rises. Your time is over bears, submit to the rise of bitcoin, mainstream adoption is just around the corner. COIN ETF & Gemini Exchange next then moon. The best part is the "conditioned shorters", the people that keep shorting at each new top, expecting price to go back down, will get hit the hardest and then call bitcoin a POS because they lost so much fiat. There used to be a guy named Newbie-something that made this mistake on a few of the run ups and lost his shirt. Of course they will all claim that they "recovered their losses on volatility" in order to save their ego, but we all know that's BS |
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That is not entirely true. Sometimes (but rarely) they move very small amounts of bitcoin over to bitstamp: https://blockchain.info/tx/64fe5d31d163cf200729135ba2afb20a806415ee9d24122c52099671668b544fBut overall its very very small compared to the large volume of bitcoins they process daily. I have been tracking them for a few months and I had wondered where they were selling all of their bitcoins, but it appears although they move the coins to various address and they just sit there. I thought it was my own lack of chain analysis ability not being able to find where they sell them, but now we know that they do actually keep the majority of them. It's even better that millionaires+ see the usefullness of bitcoin and want to add it to their own portfolios. Good stuff |
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It's a sell off. Read the entire thread. |
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What do they try to sell you at the end of the video? |
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snip
FUD ALERT.... QUOTED POSTER WANTS YOUR BTC FOR CHEAP! Yeah don't worry, no one listens to fonzie anymore |
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I see that as a 750 bitcoin of withdraw from the cold wallet, and to be on the safe side, send the rest of the coins to a new address
Yeah this is how they sell the bulk of their coins. They probably won't sell anymore today. They break it up into chunks each with a new change address. So tomorrow we should expect to see another 500-750 coins being sold to bitstamp again and this will repeat until the rest of the 8400+ BTC are sold. |
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750 on stamps if they dump it all in 1 hours time i guess we'd feel it It's more of the 8400+ BTC that are also coming. It's important to remember there is a difference between "volume" (potentially same bitcoins back and forth between different people) and "net sell". These 8400+ BTC are going to add 8000+ to the "net sell" and taking cash out of bitstamp. |
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There is no price so low of "no return". If the price is forever stable or decreasing we might lose the speculators, but in the end its the usefulness of the technology that will determine demand and thus price.
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