we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? i dont know, but the whales obviously know it. According to what? The Gox move? Are you suggesting the big players in the market have access to Chinese government announcements before release? i am sure some of the whales have insider informations. Also, look at the huobi move, which has not a situation as gox. The Huobi move came after Gox move. |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? Because all the china 3th party processers already have stopped on all exchanges. Nothing is going to be any different on the 1st then the 31th. Alot of ppl are not realising this now, so when we reach the 1st and nothing changed, everyone panic buys back in. Just look at Huobi leading this rally. The chinese know whats going on. Huoboi isn't leading the rally, Gox is - its almost $200 above the others. |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? i dont know, but the whales obviously know it. According to what? The Gox move? Are you suggesting the big players in the market have access to Chinese government announcements before release? |
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There are a lot of potential customers who, when browsing for a miner will consider; price, hashing rate and expected delivery time. Weather it's a 20nm, 28nm or a 55nm product, this will go unnoticed by many shoppers, but obviously not all. A lot of them will be as blissfully unaware of the power draw of their units as much as the price per wattage their energy suppliers are charging them whether that's in cents or dollars.
This is why targeting the budget sector with ActM's 55nm units has great potential imo.
minerpart, I'm sure you're already responding to kleeck's post, but I would be interested to hear what you have to say about the difficulties presumably ANY company will have in developing 20nm miners?
As long as they can be produced cheap enough to sell them at a budget price. With Avalon, bitfury and bitmain (plus others?) all with paid for 55nm masks, they will keep selling as long as they can make a profit. By the time ActM has 55nm chips to sell in 6 months time, the wholesale value of them will be so low that the only thing to do with them is to mine. I hope the costs of mounting them on boards and getting them mining will not be so high as to make them useless for mining too.... Probably, Ken didn't do the calculations before buying this IP. |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? |
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There are a lot of potential customers who, when browsing for a miner will consider; price, hashing rate and expected delivery time. Weather it's a 20nm, 28nm or a 55nm product, this will go unnoticed by many shoppers, but obviously not all. A lot of them will be as blissfully unaware of the power draw of their units as much as the price per wattage their energy suppliers are charging them whether that's in cents or dollars.
This is why targeting the budget sector with ActM's 55nm units has great potential imo.
minerpart, I'm sure you're already responding to kleeck's post, but I would be interested to hear what you have to say about the difficulties presumably ANY company will have in developing 20nm miners?
As long as they can be produced cheap enough to sell them at a budget price. |
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All the other exchanges just barely cracked through the downward trend line. Gox went significantly above it. The other exchanges would have continued on the downward trend if not for Gox.
It is my belief that if the Chinese exchanges had been taken offline a month ago Gox, Stamp and BTC-e would be significantly higher than where we are today. So what? So whatever is happening on Gox is keeping the price up. Whether it is the same manipulator present prior to the crash from $1250 to $450 or it has to do with people trying to get off the exchange. |
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All the other exchanges just barely cracked through the downward trend line. Gox went significantly above it. The other exchanges would have continued on the downward trend if not for Gox.
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I think Gox is indirectly keeping the price on the other exchanges up.
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So, I should get out of Gox any way I can? This is ridiculous.
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What would it take for Bitcoin to go back to $10? I don't forsee that happening.
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Crypto-Trade daily volume -> 1.57 BTC.
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Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones. |
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^Jesus!!! you think BTC is going to $80,000,000?
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The number of coins is completely arbitrary. What matters is the value of your total stash. I once had a goal of 1000 coins and I alllllllmost reached it, but I'll never get that now and you know what? doesn't even matter. It was just a nice round number. Something psychological. What matters is my daughter can have braces, a quincinera, a college education and a wedding some day.
and a single bitcoin now WILL be worth millions if the multi-year log trend holds. in only three to five years.
What are you talking about. 100 BTC and each BTC is worth $1 million -> 100 x $1 million = $100,000,000. 1 BTC and each BTC is worth $1 million -> 1 x $1 million = $1,000,000. That is a difference of 100x - that is the difference between being able to start up a multimillion dollar business project and not being able to. That is the difference between being financially free and not. BTC is not going to $1 million in 5 years, it may go there within 10. The more BTC, the more purchasing power and the sooner you reach that plateau of purchasing power where you no longer have to worry about spending everything you have to get to where you want to be. It is a HUGE difference. Its massive. That is exactly my point... you want bitcoin to go up as soon as possible so you can buy some stuff (whatever a quincinera is and why you would want to waste BTC on it that you think are going to $1,000,000). I want to accumulate bitcoin so I can be in a position to produce stuff. |
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Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it.
Not necessarily. Long, slow downtrend is more detrimental than a two-weeks crash, consolidation and beginning of a new rally. That being said, I am a newbie and might (very possibly) be wrong. In my defense, check april 2013 vs 2011 "spurts". He doesn't want to hear that. He is a greedy bastard who is on the verge of becoming a millionaire and only wants to see the price increase to solidify that. We just had a crash and consolidation. Maybe we need another one. I don't know, but I don't want to see anybody get hurt, and nobody get's hurt if we only go up from here except the people waiting now for a lower price point with too much cash on the sidelines. I don't have a crystal ball and maybe waiting now is is good strategy, but it's good for Bitcoin if there's less volatility. There aren't even enough people involved with bitcoin to even care what happens at this point. 95%+ of the population hasn't even thought about Bitcoin, let alone paying any attention to it. There is plenty of time. If anything, a slower growth is better to keep all the evil eyes off of it for a surprise attack. I know you are probably getting old and shit and are hoping you are worth millions before you have to spend those coins on a Rascal and urine bag, but damn, relax. |
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Crash and burn, papa need some cheap coins!
You had 5 years to buy cheap coins. It's extremely arrogant and really just ridiculous to want a huge economy to crash and burn so that you can buy a few coins 100 bucks cheaper. Not all of us have been around bitcoin for 5 years. Some of us are less than a year old. Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it. Good. I want it to take a longer time to reach an ATH. Because I am jobless with almost nothing. So, I can't drop a few thousand and pick up 10 or 100 coins. At these prices I can buy like 2 BTC - at lower prices I can triple that. Its a huge difference for me. You're a dipshit. let's say you're right and it crashes and you get three coins for the rice of one now. it takes three months to recover and you've trippled up. Or you could just buy one now and the price doubles two months in a row (because nodody got spooked by the crash that didn't happen) and you've got FOUR times your buy-in. I'm not too surprised you're unemployed with little money when you display an attitude like that. And you'll never be richer than me. If it crashes, I'll just be right there buying with you. asshole. The goal is the amount of coins, not how much each coin is currently worth. I am not worried about dollar valuation at this point. I would rather have 3 coins that are in one year worth 4x times their buy-in than to have one coin worth 4x its buy-in in a couple months. Once it starts getting to $5000 the chances of me accumulating another whole bitcoin ever again are basically ZERO. So, its now or never for me. Now or I am totally locked-out of the game when I got in with plenty of time to make the cut. A couple BTC worth $100,000 in 5-10 years won't mean jack - its more or less a consolation prize. To me, its only worth it if my pot is worth millions. |
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Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it.
Not necessarily. Long, slow downtrend is more detrimental than a two-weeks crash, consolidation and beginning of a new rally. That being said, I am a newbie and might (very possibly) be wrong. In my defense, check april 2013 vs 2011 "spurts". He doesn't want to hear that. He is a greedy bastard who is on the verge of becoming a millionaire and only wants to see the price increase to solidify that. |
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Crash and burn, papa need some cheap coins!
You had 5 years to buy cheap coins. It's extremely arrogant and really just ridiculous to want a huge economy to crash and burn so that you can buy a few coins 100 bucks cheaper. Not all of us have been around bitcoin for 5 years. Some of us are less than a year old. Tough shit. I started buying in at $6/BTC when it was only pennies a few weeks earlier. You don't need other people to lose for you to win. Those people who bought in before me deserved it. Those of us who bought in before you deserved it. You think I resent Goat because he's two orders of magnitude ahead of me? Absolutely not. I'll get my turn and you'll get yours if you're humble enough to take it. You want cheap coins? THESE ARE THE CHEAP COINS. Down and up doesn't make you any richer than up and up. The fact that you want the market to crash just makes you an asshole and a fool. A $200 crash will not hasten a new ATH. It will prolong it. Good. I want it to take a longer time to reach an ATH. Because I am jobless with almost nothing. So, I can't drop a few thousand and pick up 10 or 100 coins. At these prices I can buy like 2 BTC - at lower prices I can triple that. Its a huge difference for me. |
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Do we need to get verified on Gox even to withdraw BTC?
never use gox if you need to buy or sell use bitsimple.com Will use it or alternatives from now on. I only recently used GOX, I was elsewhere previously. I don't know how, in mid-stream, they can just announce: "Oh, and from now on, if you want your bitcoin back you need to verify your account. Sorry, to randomly spring that on you after you brought your coins here." |
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