The price has been stuck between the denial and fear phase for too long. I'm still waiting for desperation and fear..
This, my buys are in the $310-$320 range. Usually before a big climb there is a crazy crash right before. And if I miss it...meh, that's all good too. Though we have been through so many different reasons why Bitcoin is going to fail and reasons why Bitcoin is going to the moon that I'm not sure what sort of news could do either. I don't believe there will be any "news" that will spark a rally or crash. Except for the ETF. I'm not sure why this is put on hold but I'm sure they have their reasons. Anyway, long-term I'd say it's far more sane to keep your coins than to sell them. If you're a day-trader you may find yourself with good profits or huge loss within this situation, so move cautiously. |
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@macsga - I think he either.....
A.) Is a very early adopter who cashed out way too early & is bitter that he should be a very rich man but instead chose to sell for a load of shit too early
or
B.) Doesn't earn a lot & really wants the price to crash so he can afford to get in because he actually believes in BTC.
His situation must be one of the above because I struggle to believe somebody would spend sooooo much time trolling on a forum of a cryptocurrency that they clearly have no personal interest in & think will fail.
This probably applies to ShroomsKit, the Ripple dude & any other blindingly obvious trolls.
Good points. Maybe both are simultaneously true. The others -especially Shroomsy- are fine with me. Each has his agenda. Shroomsy is a special case, though. I just love this guy!  |
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I am expecting some weekend dumps PUMPS!
FTFY.  Are we going to the moon lads?  no. . Relentless isn't he/she Chances are (s)he's doing it for a good reason. The elders here have witnessed similar behaviours from known ''accumulators'' in the past within ''dead'' periods of BTC. I hate this attitude, but I can assure you, it worked fine in the past. Maybe it's a copy-paster or even more probable, someone who did it in the past successfully and hopes for some revenue. I put him on ignore though, he pollutes the thread far too much with his ugly Chinese crap-art posters and I'm missing a lot of useful info some serious poster has to offer regarding the price. Maybe if you people stop quoting him he will eventually understand his practices no longer flourish and leave us alone. Of course he will certainly vanish when the (controlled) bear market is done and he has got everything he's here for. STRONG BULLISH INDICATOR: If he stops posting it should really mean that we go CCMF soon.  |
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Are we going to the moon lads? no. Yes! Cuz LambChop stopped trolling. |
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he was still arrested, he was just not convicted  The article says "cleared". Come on... admit it you're jealous because he has a goat named LAMBCHOP and you don't! |
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Fuck it. I'm done with Bitcoin. I SODL it all and will follow what this guy does. I'll even name ma goat LAMBCHOP!!!! Piss. Goodnite.
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While I want the price to rise just as much as anyone, this does not change the fact that there are no technical indicators that suggest the price will rally before mid-2015
Mid 2015 is the new deadline? Good to know. nah man, its the next 24 hours that are critical  |
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I think we are going down again. Dollar is booming. Oil is going down. We must all sell ALL our bitcoins and put our REAL money to the banks. Where they will be safe... You know what I mean right?  |
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Thank you for not understanding what bears do   I still don't understand that picture The guy with his hand in the sky says "Crash it down to here" and the bear with his palm lower says "lol" ? No one seems to understand LambTroll's superior brain excellence. We're all dumb in here. So put him on ignore already and get over with! kthxbye. |
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How can anyone say this is bad for bitcoin (price) ? At this stage, anything that legitimizes bitcoin in the eyes of consumers is good.
It's not bad for bitcoin in a whole, quite contrary, but it surely is not something that should/would be a reason for price to do an U turn. I hate to admit it but I agree. Maybe the ETF news will be the spark to the next rally. We'll see. |
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 THIS IS GENTLEMEN!!!!!!1 |
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 This is what TA looks like. |
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.@macsga: Yeah, maybe Bitcoin has finally reached ...what is it you lunatics call it? "Tipping point"? "Singularity"? Whatever it's called, seems like folks simply stopped caring & moved on. Enjoy your stability Premature me thinks!  I LOL'd. PS: PLEASE DON'T QUOT... oh fuck it... |
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Yeah, I am not referring to what a fair price would be but the flaw in his thinking.
It is not healthy to shakeout investors, after a certain point you 'kill' the asset.
IMHO we should NOT fall below 340$, it would be really bad (only with a flash crash and then immediately bouncing up back).
True. But that's how the world rolls. What can you say? As for $340, I don't find it impossible to touch, but it will initiate a strong force up (which btw, might be right after the corner as we speak). Remember flash crashes before, have lead to intense rallies right after.  |
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Just drop to $200 already and wash out the weak hands
Why not 140$? Or 80$? Or 20$? Oh wait, then YOU will be the weak hand... I already bought some @ $350. Bearwhale driven or not, the price is right. This is gentlemen...  |
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Some time ago, I've had a flashback to 2011. The next and final stage of the bear market began when difficulty began to decrease.
I have to say, I wouldn't have expected a difficulty decrease with ASICs, though the one we have is so minor it could be attributed to a stagnating network and randomness of hashes with the same machines. It should be impossible for difficulty to decline as much as with GPUs because ASICs can only do the one task, and they will be sold to whoever has cheapest energy.
That difficulty decrease stage might be put on hold for a while... https://bitcointalk.org/index.php?topic=888260.msg9794133#msg9794133That's great news. BUT... It's a long time till Spring... |
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the bitcoin network currently costs ~3600 BTC/day = ~1.2 million USD/day, or over 10 USD/transaction.
Source? Miners get paid 25 BTC per block mined. At 1 block every 10 minutes, that is 144 blocks/day, hence 3600 BTC/day. At 350 USD/BTC, that is 1.26 million dollars per day. Last time I looked there were about 100'000 transactions per day. Hence 12.6 dollars per transaction. Transactions seem free now because the network is paid with newly issued coins (there is an ugly word for that, but let's not rub that in). Who pays that cost are the people who buy those 3600 new coins per day; whether small investors at the exchanges, or bigger investors over-the counter or by contracts with miners. Those people give 1.26 million dollars per day, that they earned elsewhere, to the miners of the world; that goes into equipment, buildings, personel, electricity bills, and miners' profits. Hahaha... nice one! Kudos for the way you explained it and happily won't argue. You know though -deep inside- that this is a completely wrong way to calculate it... right? https://en.bitcoin.it/wiki/Transaction_fees |
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one has to go back to the Satoshi Nakamoto white paper and re-read it occasionally to pull out new nuggets of insight based on what has transpired. While the [ traditional ] system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model.
Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for nonreversible
services. Well, the bitcoin network currently costs ~3600 BTC/day = ~1.2 million USD/day, or over 10 USD/transaction. Something went wrong there? Source? |
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