BTC >500$ in 2014 RxIxP
I am Fonzie and i can cofirm!
It was >500 20 min ago  Today is the last day you will see BTC >500$ this year. Bet on it? If you wan´t to gamble, buy Bitcoin. If you wan´t profit short! at least until 200$ no, no. we want to bet on this. that chinese guy was right. bitcoin exchanges are like casinos. |
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OH look China crashin.
lets bring dat cheapness to stamp. many buyers. many coins. much love. |
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So Risto, What are your feelings at the moment? I assume now is a great time to buy. When do you think the next rally will take place and what is your estimation on when we will reach the next ATH? What do you think the next ATH will be? I was thinking that I was surprised, yet again, that you were right about how the price was too high and that we would correct down to $400 or so. Yet here we are. When do we just shut up and stop questioning you?  There is still exactly the same number of bitcoins in the market... not true. |
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probably for chinese traders and arbitrage, cause the news of china central bank ban could be real. They could do that anyway. True or not. So we still don't know about the situation about China? I think it's time to get some good translations. Aren't here Chinese people with good English skills? PS: I call it the bottom. Now the good news coming in. Kraken got 5mio. investment. Maybe we go touch the 400 or 410 on Stamp again, but definetly not below 400! I am all in now. send and withdraw cash from bitstamp? I dont think so. good for you that you are all in! |
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probably for chinese traders and arbitrage, cause the news of china central bank ban could be real. |
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good, good. I can see another bull trap developing based on good news from china.
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hello!
testing 400 today?
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I guess BTC-e introducing Yuan is another sign that news from china are real.
they are opening another arbitrage channel.
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I hope so. Will short the shit out once/if we hit 480 !
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bitstamp wants to freefall, i can feel it in the air, do it already
reverse psychology? |
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bulls, give us a decent bounce to short one last time!
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that is a bug.
no one bought 30 k of coinsl
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Someone call a doctor, quick!  so much interest for cheap coins. |
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At current difficulty growth rates, if hardware margins go to zero, by July it will cost $3000 to buy and operate hardware which produces 1 btc after 1 year of operation.
How is that relevant? It doesn't change the equation of how much money needs to come into BTC. Difficulty will not grow forever, it's likely to overshoot putting small scale miners into the red, sure. But that doesn't drive the price. Margins drive price. The equation is a constraint but cannot drive price and it only applies under the assumption that the coins are sold. If I buy a miner in the full knowledge that it will produce 1 coin costing $3000, that means I do not plan to sell that coin until it goes over $5000. Supply withheld from the market is no supply at all. The only miners selling coins at this price are wealthy attackers who want to burn fiat in order to drive btc down. They exist only in the minds of the paranoid. unless I am a large scale ASIC producer. Because I could produce and have my miner crowd-funded. I could also inflate miner prices. By doing so, I could afford to have really big mining farms almost for free and have very large margins. I could dump all the coins I produce and make really fast and big profits. |
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I think the price can spike to multi-thousand dollars but only for brief periods. 3600 BTCs flowing into the market, requiring 5000$ each, for 365 days of the year, is like 18mn usd per day to sustain the price. And that's not sustainable in itself (requires 6.5bn in buying capital per year).
What will each of those 3600 cost to acquire? At current difficulty growth rates, if hardware margins go to zero, by July it will cost $3000 to buy and operate hardware which produces 1 btc after 1 year of operation. How is that relevant? It doesn't change the equation of how much money needs to come into BTC. Difficulty will not grow forever, it's likely to overshoot putting small scale miners into the red, sure. But that doesn't drive the price. yes, all we need is bigger data centers and more centralisation and more large scale dumpers, a la knc. |
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not sure about Tera, but fonzie here sounds like a good trader. |
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Billie Jean rescued BTC with his bare hands! Holding from 32 to 3$ and up to 1000$ and still in the red.
every time I read his post he is buying. he probably by now has more coins than goat and mircea. |
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+1 fuck it, I call sub 300! |
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Could you all please provide an epic bulltrap to 520-550$?
Thanks
I dont think so. we already had 2~3 really epic bull traps. many dollars burnt. |
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