 Show Posts
|
|
Pages: « 1 [2] 3 »
|
|
While at first glance this seems right, I am not sure it is.
In a closed system yes, but if more people are finding out about bitcoin and bringing more money into bitcoin than maybe not.
|
|
|
|
1 mBTC = 1 milibitcoin = .0001 bitcoins
Note there are three 0s, the metric system goes in threes. I can't believe how dumb most people are at this!
Put 1/1000 in a calculator and see how dumb you are. But as an engineer I can guarantee you that it is not .0001. Hint: it is .001. |
|
|
|
I busted out laughing reading this thread. Agreed, is it 1 Million or 1 Millionth of a BTC?
My guess? it is 1 millionth, i.e. 0.0000001
1 million bitcoins is MBTC and 1 millionth is uBTC. Also .0000001 is not either and is actually one ten-millionth of a BTC. It's 1 thousandth of a bitcoin or .0001 bitcoins.
You're right it is 1 thousandth however .0001 is not 1 thousandth but 1 ten-thousandth. |
|
|
|
Is the OP really implying that a linear model is the most accurate price model?
lmao.
It is ... you see it everywhere in nature ... straight lines ... slight curvature ... nothing much else really  Not sure if you're trolling or not. As a scientist I would like to point out that straight lines are particularly unnatural. Exponential, parabolic, and ESPECIALLY periodic shapes show up much more in nature, and when 'straight' lines are present they are usually not really straight but instead an approximation (for example sin(x) is approximately a straight line for very small x). The human visual system is also incredibly good at picking out straight lines (especially parallel ones) for that very reason--they signify something unnatural created by humans (which when humans were evolving was a very important thing to notice). If you are skeptical see Steven Pinker's 'How the Mind Works'. |
|
|
|
|
I would also point out you ask for offers above 1 BTC...
$23/oz silver and $120/BTC makes me think that 2.3 Oz = $53 = .44BTC. Even adding in $30 dollars for numismatic value which you claim doesn't really make this worth more than 1BTC ($83 ~ .7BTC).
Not trying to be rude as I am interested but there is no way it's worth more than a BTC right now.
|
|
|
|
|
Not sure,
I also got nothing back.
|
|
|
|
Berwick
I am new to the forums but really don't understand how the moderator has not removed this thread. This is the thread in which he notifies subscribers that he's sent an update. Why is it always so hard for noobs to understand this? Perhaps because he uses very troll like code terminology instead of saying 'new update' or something. |
|
|
|
Berwick
I am new to the forums but really don't understand how the moderator has not removed this thread. |
|
|
|
For Bitcoin, you're gonna want to follow the guidelines in the following chart:  I can see a few bearish pennants including one Colpitt's oscillator about to break to e^(i*pi*t)*u(t) Thanks for chart I have been trying to find that for a while. |
|
|
|
Nah, $50 is probably the bottom.
WHAT He is just a contrarian and always goes against the grain. I believe the kids these days call this a troll. I said the permabears were trolls and yep he is one of the few on the board now proving it by turning bull LOL. I have a hard time seeing how you call him a troll but all the people making the WRONG PREDICTIONS are not? Not to mention he is incredibly polite in all his posts. Perhaps you just disagree with his opinion... |
|
|
|
Why are you on a bitcoin forum if you would rather have your money value controlled by a few pigs with their hands in everyone's pockets? Let me remind you that the point of bitcoin is not as an investment or even a store of wealth. It is a currency created to avoid unfair and wrongful capital control.
I agree completely. The problem is that right now, bitcoin is a currency controlled by a few pigs with their hands in everyone's pockets. I have seen on the market some pretty intense manipulation with people throwing around huge amounts of BTC. Not to mention microtrades nonstop from bots. |
|
|
|
I have the same amount of coins from before it started going up and the same amount of coins coming back down (outside of my regular spending).
Feels good.
The only difference is now you have to spend 4x more coins for the same goods or services. which means more fiat has to come into exchanges, which means BTC value will rise..... I don't quite understand your point. First I don't agree with the correlation that more money into exchanges means more BTC value. Second this would imply that any drop in Dollars/BTC would be met with an increase in Dollars/BTC. |
|
|
|
I have the same amount of coins from before it started going up and the same amount of coins coming back down (outside of my regular spending).
Feels good.
The only difference is now you have to spend 4x more coins for the same goods or services. |
|
|
|
It just seems like the lines between a long term investor and short term are not so different right now.
I don't see that. Someone wanting to buy black tar heroin right now is going to buy and spend, right now. Someone wanting to buy silver right now, will buy and spend right now. Someone wanting to use BTC as a store of wealth will do so. Some people want to buy and trade in the short term as they are doing right now. I don't see how this is any different than any other market that exists in the world. We are watching the precious metals go through the same thing right now. How are we different? Because BTC's are so much more volatile than gold. Gold price change of 10% in one day is HUGE. BTC price change of 10% in one day is normal. This makes your entry point with BTC so much more critical that even for a long term investor you need to think of the short term. |
|
|
|
|
I just wanted to point out that a lot of the new posters on this forum (myself obviously included) are LONG TERM INVESTORS. I know that I plan on holding BTC's for a while. However getting in when I did (480 in at 160/BTC) and then watching it continue to drop to 55 and semi stabilize around 110 while continuing to drop (now) is quite disheartening.
I did not want a get-rich-quick scheme. I wanted to use BTC to buy items and thought of it as a good long term investment. However, the volatility being experienced is forcing me to think more short term (which I literally have 0 experience doing). I have no background in this -- I am an engineer. I trust in the framework but at the same time would like to maximize my investment to a reasonable level.
It just seems like the lines between a long term investor and short term are not so different right now.
|
|
|
|
|
Well to be honest I started a real conversation about ASIC design but nobody responded.
I also then saw a post in the speculation forum about the ~$1,000,000 in BTC bought and wanted to talk about it. So I made a post here.
It is actually true as well.
|
|
|
|
|
Saw a buy of 1500+ BTC's at 88 and bought back in. This is way more stressful than I expected.
|
|
|
|
God damn I wish I had 1% of 1% of that money....
10,000,000 * .01*.01 = 1,000. While I wouldn't say no to it, I do already have $1000 and if you are investing in bitcoins you probably should too. |
|
|
|
|
I know everyone keeps hating on Mt. Gox (and there shutdown have been terrible) but transferring money via BitInstant to them went through before I could even leave the counter at Wal-mart. My phone literally beeped seconds after she pressed the button.
You do lose some % though which sucks.
|
|
|
|
|
