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1881  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 23, 2014, 06:30:44 PM
Did I miss the fun? Am I part of history? Am I on page 10k?!?


Not right now, I guess, but if adam is bringing out the hedge trimmer again I might get another shot at it Tongue

+1 Smiley
1882  Economy / Speculation / Re: Why would Satoshi not be dumping? on: November 22, 2014, 05:42:17 PM
Maybe he was Richard Bransons test pilot
1883  Economy / Speculation / Re: Pick One - For January 1 on: November 22, 2014, 04:47:18 PM
0.275 BTC

+1
It's worth more and will be worth much more Smiley
1884  Economy / Speculation / Re: Why would Satoshi not be dumping? on: November 21, 2014, 08:36:11 AM
Satoshi is no god or some higher tier. He is also a human and maybe when he gets older he wants to buy a nice isle with a house.

So, why should he or any other early adopters would not "dump" his coins?

All his work would be useless if he didnt dump his coins, because then he wont have anything to live...and he wont be rich.


Meanwhile i think this perma dumping is done by someone like satoshi who was an early adopter and has "unlimited" amount of coins...


In the end, bitcoin gets stronger out of it because the coins are shared between more users, but the value will go down.

If satoshi dumped Bitcoin to hell his legacy would fall in ruins. He would just be one of the biggest scammers all time.

Not everyone is a materialist, some people want to be remembered and live their life in peace.
1885  Economy / Speculation / Re: Do We Owe Falllling an Apology? on: November 21, 2014, 08:33:21 AM
a yeah? Not the first time i hear people are removed for having not the right opinion (bitcoin to the moon and no other option).  Maybe btctalk is just one big brainwash attempt.

Ever try selling Mercedes on a Porsche forum?
1886  Economy / Speculation / Re: Bitcoin Price - Up or Down on: November 20, 2014, 10:01:20 PM
Where are those green dildos  Angry
1887  Economy / Speculation / Re: Bitcoin Price Rally To Resume? on: November 20, 2014, 07:15:05 PM
Surely some people will be spending BTC on Xmas presents?
It's funny because you think people buy stuff with BTC Cheesy

Nah I'm kidding. But in all seriousness, I've only bought 2 things with BTC and I've been involved since early 2011... hosting & one thing off Adafruit. I'd guess 90% of people do nothing w/ BTC but trade or hold as a speculative vehicle.

Bitcoin "Powered by drug addicts" Wink
1888  Economy / Speculation / Re: Rise incoming November of 2014 on: November 20, 2014, 02:17:28 PM
Reminds me of Greenday
Wake me up ... when SeptNovember ends....
1889  Economy / Speculation / Re: Do We Owe Falllling an Apology? on: November 19, 2014, 10:57:46 PM
There is no final capitulation. But yes he was right about bitcoin going to shit for a while.

RIP falllling  Cry Tongue

He was probably banned because he was manipulating people into selling. Speculating is one thing but bringing things as sure facts is a different ball game.
People should make their own trading decisions.
1890  Economy / Speculation / Re: Bitcoin Price In The Next 12 Month on: November 19, 2014, 08:41:37 PM
I would like to see the chart follow the mining rate as it should. This would mean a steady rise (no bubble).
Stability will not hold, someday either miners will quit or hodl. The reasonable reaction in both situations would be an increase.
1891  Economy / Speculation / Re: Volatility prediction on: November 19, 2014, 08:01:02 PM
Put my sell order in at $5k Tongue
1892  Economy / Speculation / Re: $10,000 when? on: November 19, 2014, 08:00:08 PM
Why should it need to reach that mark. I am perfectly happy with the way it is. And if I want to see my favorite currency in the mainstream, I hope it remains same.

I don't understand people who say things like this.

Me neither. Either you're used to being broke or a billionaire, if you don't want to make money.

We as pioneers should be rewarded  Cheesy
1893  Economy / Speculation / Re: buying 100 bitcoin on: November 18, 2014, 11:59:44 PM
Hey guys I have $100k to invest now tell me what to do. Thanks bye.

Roulette black  Cool Roll Eyes
1894  Economy / Speculation / Re: 13,500,000 coins passed on: November 18, 2014, 10:01:54 PM
There's a limit on the price not least because too much electricity would be used to mine the coins.

i.e. If BTC were to go to $500,000 in this era it would cause a catastrophic mining bubble:

   $500,000 x 25 = $12,500,000 per block = $75,000,000 per hour

   $75 million per hour would drive the mining to attempt to use 675 GW.  This is about 30% of all the power generated on the planet.

Ref: https://bitcointalk.org/index.php?topic=518111.msg8674306#msg8674306

As you say in "this era"...

There will be halvings so this will not become reality unless we hit the $500000/coin before end 2016.
At some point finding a block will be like winning the lottery.
1895  Economy / Speculation / Re: Is is time to buy? Compare orders among BTC-e, LakeBTC and Bitstamp on: November 18, 2014, 07:54:49 AM
Why did BTC-e and LakeBTC reluctant to open all orders to users?

It could possibly have something to do with performance. I've seen people flood orderbooks with micro orders.
Micro-orders and sending the full orderbook to all clients would cause a significant load on their server(s) causing the exchange to go all laggy.
Basically that's what happen(ed)(s) to Cryptsy where the exchange becomes unusable if to many orders flow through.

And why do you need the full orderbook? A lot of fake orders in there and virtual walls  Tongue

My 0.02c
1896  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 18, 2014, 12:09:45 AM
It is capitulation! All supports are broken. Its time to CUT YOUR LOOSE - every one delete your posts before page count is 0!!!

Hi fallling!!!  Cheesy
1897  Economy / Speculation / Re: 13,500,000 coins passed on: November 18, 2014, 12:08:22 AM
I know 1 satoshi = $1 is pushing it  Cheesy

It took 9 years to give 70% of US homes broadband internet.

If only the US would get into Bitcoin at the same rate that would be $55 billion (70% of 1.46m households with $54k per household per year).
That would put bitcoin atleast in the range $4000 to $10000 with todays mined coins.
Then take two bitcoin halvings in oncomming 10 years and we go to $16k to $40k a coin.

Now take the above and imagine China, India or Europe getting in then $100k to $1m a coin isn't such a far stretch.
$100m a coin will be a far stretch but could happen once all coins are mined Cool

IF 1 satoshi=$1, then market capitalization of bitcoin=2.1 quadrillion $$ or 2100 trillion. World GDP is 71-81 trillion. Total world wealth is 241 trillion, so with 4% world GDP and similar % of wealth growth, I guess, it is possible in ~90 years or around 2104 if all wealth will be in bitcoin.

Since I am an immortal vampire I will be filthy rich in 2104  Cool
1898  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 18, 2014, 12:02:13 AM
we'll see a post rally soon, the dumpers will run out of deletes

right, guys?

....guys?

Yes we will be going to $666 in the next few days!!!

right ?!?  Cheesy
1899  Economy / Speculation / Re: buying 100 bitcoin on: November 17, 2014, 11:55:37 PM
...buy a new lamborghini...

Only douchebags buy a Lamborghini.

I don't care how much money one has...buying a Lambo makes you a douche.

You're only a douche if you buy a Lambo and don't have money left to fuel it and insure it Smiley
1900  Economy / Speculation / Re: I'm All In - Sold My House! on: November 17, 2014, 08:41:23 PM
Bad investment  Shocked

Home was worth $400K and he only got 648 BTC which is only worth $259K at todays prices

He basically gave his house away super cheap and should be sick about it  Huh



Plz come back when the block Reward halves so I can laugh at you

True but I would feel sick to my stomach in the meantime Smiley
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