Bitfinex swaps are up a lot in last 2 days... Same is with swaps rate.
Yeah bothers me too, money is coming from leveraged longs |
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http://bitcoinclock.com/bitcoin cost of production doubles on or around 23.07.2016 ... the floor price will get raised in proportion, one way or another. Bitcoin cost of production just went up 10.44% on the 24th, and will go up by 12.18% in just 9 days. That's almost half of what the block reward halving will do  @shorts will be homeless: stop being such a rude faggot. difficulty and average (network-wide) cost of production is not directly related, but it is closely related ... tech. advances and cost of tech. development come into it also. Given the same specific processor hardware, yes, cost of production and difficulty are directly related. Reward halving is no different from doubling hashrate. If you disagree, feel free to explain the difference. @shorts will be homeless: Remember making you my bitch a while ago. I see you still haven't taken that coke bottle out of your ass, why is that? For real?? Didn't ignore this nick yet but let me entertain this. Halving = supply is reduced by half, thus with constant demand basic laws of economics suggest upward pressure. Doubling hashrate=improvement in technology and has no effect on supply of BTC whatsoever. Any more Qs? |
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Wonder what made those BTC5k shorts to close so soon  wasn't time to burn them just yet |
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3500 new bitcorns being created every day. Who's gonna buy this shit over the next few months at $300+? I'm gonna sit on the sidelines and watch for awhile.
Maybe same people who've been buying them for past few years  Ah, so those who bought these coins at pennies are now buying them at $300+. Thanks Einstein, I get it now. BTC didn't cost pennies for over few years now. How often do you experience this time loss?? Perhaps a visit to a doc is in order? |
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3500 new bitcorns being created every day. Who's gonna buy this shit over the next few months at $300+? I'm gonna sit on the sidelines and watch for awhile.
Maybe same people who've been buying them for past few years |
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Test of $310 incoming
Lots of support in China dunno we saw what they could do leading us up to 500 |
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Are you saying that bitcoin might die  ... again? Bitcoin price is barely over the 2013 high now that we are going into 2016 soon. Aside from some gasps and fraudulent manipulations, it looks like it's going down for good. So if you think that BTC is dead for good now at $320, you must of thought that it was REALLY REALLY really dead 101% for sure when it was trading at $230 for like a year before that. |
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how is the big EU 'lets pretend we are against bitcoin' meeting going ?? i think that exchange that is not allowing withdrawals might be about to collapse .. if it collapses then there may be potential the collapse could trigger other weak exchanges to collapse in the dominoes of 'too big too fail' bitcoin exchanges implosions .. this could cause the chinese to panic and Huobi to shut down so it can drop its bags. the next 24 hours is critical! BTC
Are you saying that bitcoin might die ... again? |
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The extreme opposite viewpoint is that there is demand for 25BTC/block * 6block/hr * 24hr/day * $320/BTC = $1,152,000 worth of BTC per day. This $1.15 M demand may stay the same across the halving. This would indicate an equal value. In such a case, the new equilibrium price would be $640.
Granted, the truth will likely be somewhere in between.
Of course, I am of the opinion that BTC is drastically undervalued today. But that's just, like, my opinion, man.
No way is the price going to double at the point of the having though. It will climb in the leadup to the halving which will result in more hashing power being brought online which will cause the difficulty to increase. Now, it's possible that the price will climb enough, faster than hashing power is added that there will be enough profit to not encourage miners to switch off and there may be some other factors as well but there's nothing solid. also what most people don't know is, the current price always contains ALL information currently available. This includes the next reward halving, the current possibility of mass adoption, the current possibility of current total failure etc. etc. The price does not reflect the current price of something it is always reflects the speculation of future prices which drives it. This is the same for all Forex / Commodities / Stock-Markets... Halving is just a reason to be a reason to pump&dump BTC just like it happened everytime at the altcoin market / btc / ltc halving in the past. Well no, not true, the possibility of bitcoin blowing up before the halving is also priced in. As is China banning bitcoins tomorrow, or NSA cracking crypto, or Satoshi coming back and starting dumping his stash etc, etc, etc. This is still a low cap asset so at this stage as we see by high volatility short term events have much greater impact on the price. (Arguably) BTC's future is still uncertain. So everyday that passes where BTC doesn't spontaneously combusts and holds value is another negatively priced event that's chipped off. |
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Imagine if you bought in at 500 thinking 'this is it'.
I imagine some of us have to do less imagining than others  I've been investing for just under 6 months & have so far amassed 8.75 BTC, I bought most of my coins when the price was around £350 (GBP) That was a long time ago. It got a lot worse than that when I was buying at those kind of prices. I just about broke even on average with my whole stash when we hit £240 GBP the other week because I've been buying all the way down. Now it's down to £205 GBP so we're talking thousands of pounds down again. (I usually talk in USD as most people here do but I am British). Sigh Thinking about selling some (for the 1st time ever) next time we have an upwards move. Imagineif you bought in at $1200 and are still hodling... |
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BTCChina slightly below Bitfinex, if someone said this to me few days ago, I would not believe it they are all united now. epic launching pad in the making. What the Chinese exchanges finally are trading at similar trading ranges to Finex That is a bit surprising considering the variances for so long, must be that ponzi had to say it lol. Just means that Chinese are cashing out now |
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new money (MMM) doesn't care about altcoins.
Then could anyone explain why Litecoin is rising too? it went from 20 to 35 CNY (+75%) in the last week, while bitcoin rose from 2100 to 3150 (+50%). From August to mid-October the two were almost in lockstep at first. LTC seems to lag behind at times, but overall it is still tracking BTC. It's hard enough to guestimate BTC moves are you seriously asking for explanation on as asset that has a market cap of only $200MM |
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Bitcoin price doubles  Bitcoiners cheer as Humanity mourns I expect an updated Wile E Coyote gif out of you in 5..4..3..2.. |
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Huh just realized that Whoboy (whoboye Hunday Huobi ) already hit $500 at that 3188 spike |
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Pretty sure China wants to keep going up
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this shorter is going all in
What shorter? There's only 9300 BTC swaps on BFX. It's just a seller. BTW, thanks bulls. I just made so much money shorting today, that I can dump again if you wanna take another swipe at $420. That's funny i can say the same thing about shorters. Thanks for that 400+ bump  |
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But what then? At Bitstamp is looks very less resistants after $400.
401? 402? That's crazy talk. Exactly it's $400.01 Duhh |
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Do you have a better explanation? I don't see any news or rumor that could explain it.
I just posted the explanation Stolfinator. When something like 70% of coins have been mined, price has already hit the bottom as evidenced from the last year, and the upside potential is listed below, we haven't witnessed anything close to a bubble yet: Incoming $163,000,000,000 market cap and $7700 coinshttps://bitcointalk.org/index.php?topic=1235466.0Well, six months ago 68% of the coins were already mined. Why wasn't the price ~$340 back then? Didn't investor know then that, within six months, 70% of the coins would be mined? Whatever the cause for the rally, one thing you should keep in mind: every penny of profit that a bitcoin investor makes can only come from the pocket of another bitcoin investor... Pretty sure that's how gold works too and looks it's been around for ages |
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The finex BTC6k short still hasn't been covered. Ask side looks very thin need more coins on exchanges or this can go full retard |
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FYI the BTC6k finex short from Thursday is in red and paying ~ BTC4 or $1300 DAILY to maintain it  |
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