While I'm still in bear mode, I would gladly welcome a return to an upward trend.
Me too. I have been wondering if some of the recent weakness is because the block rewards have been churning out at a very fast pace for several weeks especially since BFL has been shipping. https://blockchain.info/statsInstead of the expected 3600 coins per day there is 4000-5000 (I know that many are saved - not automatically sold) |
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But we have already had that! It bottomed at $54.25, then some days afterwards also at $50.01
Anyone wanting to buy below $60 should be fully loaded up.
I never said I agreed we would see a repeat of 2011, just explained how it would play out if we did. I've got a little more fiat to deploy, but I'm happy if it rises from here. If the bears find some favor, that's cool with me too. Indeed, yes. But it seems that the recent $50 is an inconvenient truth for some. The 2011 deflate took six months, the 3-day or weekly charts show a beautiful decline arc which terminates at the $2. The 2013 deflate is very different, with wild oscillations around the median of about $110. Perhaps the 2013 deflate is pretty much worked out already (after 2 months). |
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no impossible
this could be 2011 all over again.  what do you guys think right now? it could be, right? Previous ATH before 2011 run up was $1. Bottom after was $2. If we repeat 2011, $60-64 is the bottom. But that all depends on the bears being able to break $92. But we have already had that! It bottomed at $54.25, then some days afterwards also at $50.01 Anyone wanting to buy below $60 should be fully loaded up. |
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If your not doing anything illegal - Don't worry at all.
On the bright side, NSA/PRISM has helped govt's around the world stop terror threats.
This is why George Orwell's 1984 is rocketing up the book rankings. People need reminding that a benevolent government today can be a totalitarian one in a few years. Then what happens if they want to find something you have done illegally, because you were putting up anti-government posters? Edward Snowden points out: they can extrapolate criminality into an innocent life because of that person's web of connections. As a Kiwi you should check out the film "Sleeping Dogs". http://en.wikipedia.org/wiki/Sleeping_Dogs_(1977_film) |
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(PS: If you have fiat, now is the time to buy ;-))
You meant sell bitcoins to get more fiat, right? updated chart, dashed line is extrapolated - in case you missed it, the price is still going down...   Do you have one of those for when the price was reaching $260? |
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I'm surprised that Mr Gage, with his monumental post tally, is not already fully aware of all the ins and outs of this forum...
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It just strikes me that if there is a market demand for "dust" transactions, people will figure out how to do it.
I got a strong feeling people believed that one day 1 Satoshi would be worth 1 cent/penny each. Tapping away on their calculators how many millions of Satoshi's they have and how much they will be worth when that price was reached. Of course to reach that price micro-transactions would have to be the norm. Now that the reality of the situation has emerged that Bitcoin just isn't designed for micro-transactions that dream is rapidly fading away fast. I think this is where the demand for "dust" transactions stems from. Correct. I have asked in a similar thread for someone to detail a fiat transaction they have had for an amount less than 1 cent. Unsurprisingly there is a deafening silence. |
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Charles. You have got to listen to this by Steve Gibson (start at 24 minutes in) http://twit.tv/show/security-now/408I am not sure if this is a question that can be easily answered.
Yes. It is clearly answered... So, where are all the secret rooms and how many are in foreign countries? |
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Congratulations Loozik, you have invented a new form of TA which has hitherto remained undiscovered.
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You've had 4 years to buy cheap coins.
I want this heaven sent opportunity to continue  You want Bitcoin to lose 500 million in value just so you can buy a few cheap coins? Are you serious? I understand people are greedy but that greedy!? People on this forum are looking forward to whole countries going bankrupt and you are surprised by this? Of course , most people can't wait for another Cypress event. Or a Yapan , or Portogoal one! hopefully once the nations with hyper inflated currencies actually do clock on en masse and find easier entry to bitcoin or similar, the greedy speculators hoping for this will be a blip on the radar and said populations will find a truer utility, while the speculators can sell portions of their hoard. Then everyone can benefit. From some perspective or another it's probably only a matter of time. I really pray something like this happens so that everyone can stop speculating about the possiblities and we can simply deal with what is true, and perhaps take some pride in it. Obviously there is an element of greed in the desire for this to happen, but I think it would also feel quite satisying to know that you are selling you BTC to an Agentiyan or a Kennyan who really needs a deflationary currency, and in turn this sort of event would only bring some more speculators in and increase everyones the value of everyones holdings. Some people in Amerika who are horrified at the surveillance state will see bitcoins as a safe-haven from the spying NSA |
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After nearly two years since this thread was started XBT has now been added to Wikipedia by an official editor. The usage by xe.com was decisive. http://en.wikipedia.org/wiki/BitcoinSome companies thinking of representing bitcoin in their systems will check this source. |
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The whale who bought at 95 with slippage to 110 isn't going to be too happy I think. Will he cut his losses and sell?  Not enough slippage for him. Wait until the order book is razor thin, then retardo-whale will strike If the whale was the same one which sold at $128 then he is 15,000 * $20 = $300k in profit. I think he can afford to wait a while for his new position to be similarly profitable. |
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This event is organized within the Global Forum on Law, Justice and Development which is a permanent knowledge forum that seeks to connect experts and stakeholders from around the world and to provide a mechanism for continual and efficient knowledge exchange and for the cogeneration of innovative legal solutions to development challenges based on efficiency, equity and justice. i don't see any experts or stakeholders of this topic on the list of sponsors, participants or speakers. this would be a good opportunity for the Bitcoin Foundation to send a lobbyist.yes this is the exact kind of thing i would expect the BF to have got involved in. otherwise they are just their to pay gavin a wage and everyone else listed as BF leaders are useless Excellent idea. Is there any BF member based in/near Washington? |
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Unlikely.
Satoshi put too much hard work into Bitcoin. He kept it going almost single-handedly for large periods of 2009 and early 2010. He deserves some reward.
Also, all those coins are too useful. They give a lot of firepower to protect the system. Imagine anonymous donations for politicians and lobbyists to fight Bitcoin's corner against the CB and bankster complex who would try to cripple it. Lots of potential uses like funding software developments too.
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adamstgBit, sometimes I wonder if you are just trolling...  with selling pressure severely depressed due the mass delusion of a bitcoin depression on the horizon. the rally will cut through all resistance points like a hot knife cutting through soft butter. 180 with 12days  This deserves a Wall of Fame spot https://bitcointalk.org/index.php?topic=193526.msg2458953#msg2458953 |
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with selling pressure severely depressed due the mass delusion of a bitcoin depression on the horizon. the rally will cut through all resistance points like a hot knife cutting through soft butter. 180 with 12days Epic bold prediction from the black-belt Master Wall Observer himself. |
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Over all I'm positively surprised: What are the threats and opportunities associated with this new payment Didn't expect to even see this word on their agenda. "Threats and opportunites" is biz-speak just like "Not ruling anything in or out" is meaningless say-nothing verbiage which has infested the mainstream |
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just saw this on twitter .... - Ernie Allen, International Centre for Missing & Exploited Children
... Hmm. What is he doing in a World Bank forum?, and look at what this site thinks of him... http://bringvarvarahome.org/ernie_allen.php |
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So what is bitcoin supposed to do? drop to 1/16th? (uhh... no arrogance inteded  ) I don't hink we will repeat the 2011 the game has somewhat changed. Indeed. The 3-year logarithmic trend shows the $12-13 base in Dec-12/Jan-13 to be severely undervalued. $30-$40 was on-trend for that time. So the dip to $50 in April was still on-trend. IMHO seeing $50 again is possible, but anyone wanting to buy again at $30 is dreaming. |
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Berlin, eh?
Now that's someting I find interesting..
Ente
I believe the "supernode" in Germany on the OP's screenshot is nogleg https://blockchain.info/hub-nodesThe globe is showing relaying nodes, not specifically miners. |
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