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Triangles always get broken ... it's just now or later?
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did someone say 5180?  |
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200,000 BTC less mined since halving ... supply starting to tighten considerably now, 2 more months and the halving will be getting close to " priced in"  |
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How's this effort going? Who's brave enough to hit the CIA website to find out if we're beating Malta yet? (not me...  ) Weird you say that, i hit that cia link and my VPN crashed ... I did a quick estimate, and it seems like hitting the all-time-high market cap of $14 billion will occur at around $900 market price with today's Bitcoin M1 supply; surely Malta is roadkill by now?!
Nup we dropped back down to between Slovenia and Estonia ... I have a feeling we won't be there long however. |
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This next rally could blow lots of little people's minds.
The banks have been "blockchaining" for 2years and what have they got to show for it? A bale of cotton was shipped using "blockchain trade finance" ... wtf? was that cotton going to be used to print more fiat or what? I'm not getting that blockchain profit vibe, sounds like pure BS.
There's cup 'n handles on many time scales so the boom could be impressive ... and an impressive bitcoin move means 10x-15x. On the ground adoption around the globe with lots of little people thirsty for real money slurping up BTC like a desert flood has drained away all the excess bitcoins. BTC price moves after the adoption reaches a level to drag it to a new price regime, such is skepticism and bearishness surrounding crypto0currencies ... noone believes us, yet still it works.
Exponential growth is a numbers game that not many people can be trained to get their brains around.
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ethereum has been hacked so many times and failed now its just another useless altcoin ... one guy just keeps insanely buying it up instead of letting it crap its pants and find its real value ... w/e if he wants to lose his bitcoin fortune.
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I dunno, Roach. Bitcoin still isn't being used as a currency, its value is still mostly based on speculation. Your chart repeat prediction isn't happening anytime soon imo.
... the thing about idiots is they never know when its time to stfu ... Keep going and we'll have to give you an honorary MatTheCat replacement title |
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If banks decide to develop their own alt, they have the capital to pull it off.
People essentially do what banks tell them to do... banks introduced the atm and it went worldwide in less than 4 years.
... this is wrong. ATMs took many years to diffuse, get trusted and properly adopted. The first one was operational in 1966. It is currently criminal for Banks to create their own currency ... so there is that small legislative problem to change and politicians will milk that one for years worth of bribes no doubt. |
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Although I seriously doubt the veracity of the claims it is worth pondering for a moment because it offers a few interesting scenarios.
It could be the IT dept. in a bank who has decided the management are just friggin nutz for not investing in bitcoin and have decided to buy a position in btc under guise of "in case we get hit with ransoware", like CIO of UBS who is very pro-bitcoin. OR it could be some trading desk people who know they are absolutely not allowed to talk about bitcoin, only blockchain, let alone invest in it but also think for long time survival of bank it may be necessary to have some kind of hedge in bitcoin, so first things first is to open any kind of position, so why not create cover story with IT dept. "for ransomware bitcoin payments hedge" ... now they have a hedge versus IT attack risks and also an unrealised, unstated hedge against financial movements by proxy. A backdoor way for banks to open up trading positions in bitcoin without "buying bitcoin not blockchain".
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I'm surely will keep staring at my screen, and seeing the price rising Thinking that the btc price will increase after the halving was a big delusion. Nothing happened after the halving and the Halving "party" is over. ... it ain't over until it's over chump, last time the halving party went on for about exactly a year. |
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Are we repeating 2013?
Does the June rise look fractally similar to April 2013? (also the course of the chart since that high look similar to me)
... July 09 2016-Nov. 2016 broadly lines up with post-halving behaviour for Nov. 28 2012 - March 2013, call it a definite maybe for now. |
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Can't believe how much bad, ill-informed advice is being given out in this thread.
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thank you Aido.
how much effort, in your opinion, will take to have a full featured SPV node and HD wallet starting from the picocoin code?
do you know about any other SPV implementations in pure C?
I don't think there are any SPV clients in pure C out there. mSIGNA https://github.com/ciphrex/mSIGNA is a c++ SPV client that is feature-rich |
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I suppose the banks will just introduce their own coin to the masses rather than adopt bitcoins.
... you might suppose that, but you'd be wrong. There are significant technical, sociological, economic, financial and political reasons why that is at least 10 years away ... if ever. |
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