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Still 16500 potential open shorts on bfxdata.
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Up up up!  |
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Let's try this again, with text effects: ... I know how exciting it is for you to trot out your hobby horse & show off for the grownups, but... You' haven't answered my question.
Now concentrate!*And don't you dare start watching those pornographic "Money As Debt" vids before finishing your homeworks, or I'm blocking your YouTube  That question again: At the risk of asking you to think: What does the FED's printing of millions of dollars have to do with the value of USD? Why not print it twice as fast & PROFIT!!! ? I do try to make it fun for you, but you're beginning to try my patience Uhmmmm....Devalue the dollar? Fed is a corrupt criminal organization not backed by gold, not tied to any entity, only tied to guns and tanks of the US military, since the Government (which doesn't control the Fed), NEEDS this precious fiat to wage more wars. Here's an article from a reputable site you might recognize more: http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/2/They sure as hell ain't in it to help us. The more they print, the more devalued the US Dollar becomes, the more the US deficit grows, the more of that debt is passed onto us. Bitcoin doesn't get "printed" more, it actually inversely decreases in amount over time, until the max 21 million BTCs is met. Thanks for proving my point!  Using the USD to demonstrate inflation and infer bitcoin is bad, when bitcoin has exponentially reducing inflation is a bit of a stretch even for trollchop! |
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With every new day my hope for 300 or sub 300 coins dies little by little  And thus, like a massive oil tanker the market slowly changes direction  |
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...
But what would the number of coins mined per day have to do with the declining price?
... Umm... Coffee. For someone invested in a currency relying on limited supply, you sure don't understand the basics. At the risk of asking you to think: What does the FED's printing of millions of dollars have to do with the value of USD? Why not print it twice as fast & PROFIT!!! ? Ai yi yi! Now you backed yourself in the corner. You shouldn't have mentioned the Federal Reserve. The Fed has nothing to do with the government, is a private entity, a Central banking cartel that prints "continuous debt" dollars at will. ... Who said anything about the government? I know how exciting it is for you to trot out your hobby horse & show off for the grownups, but... You' haven't answered my question. Now concentrate! The reason you are here posting 20 times a day is because you love bitcoin. You sold way too soon and are desperate to get back in. I say get back in, of course you already are in, given you revealed previously you a) don't trade and b) hold bitcoin. The only remaining question we have is, what price do you buy in, do a fewcoins and change your tune? |
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^  A tangent? Sure, hard forks are possible, but not the ones which are needed. Addresses the red boldface text. Which tangent? Block rewards wouldn't change for the miners, just transaction fees. A hard fork would address many so called issues with scale and transactions per second limited by the current 1mb size per block. Let's take this one step at a time. 1. The block rewards are too high--too much coin is being produced, Bitcoin is unable to maintain price @ 14-15% monetary base inflation. 2. A real currency like USD, with IRL people at the helm, would limit issuance in such times to counter the falling price. 3. BTC can't do it with a hard fork--miners wouldn't mine the fork in which the block rewards are lower--see red text. 4. You posted a fork which does not change the block reward & does nothing to address this issue. The proposed hard fork is intended to be tested and possibly released within the year, before the year 2016 block halving, in which the block reward would be 12.5 BTC instead of the "too high" 25 BTC... But the change isn't needed in a year. It's needed now. Hence the falling price. IRL money can adjust for this in a timely fashion, and you're compiling wishlists for possibly doing something in more than a year's time. This is exactly what I mean by "driving a car by consensus"--there's a good chance you'll come into positive & constructive engagement with a telephone pole before then Not sure what the price has to do with hard forks or the Bitcoin code??? ... It has nothing to do with development, it has much to do with the number of coins mined per day & showing up on exchanges. I'm going to make myself another coffee, overcoming this much ignorance is going to take a while In the meantime, you can reread my post about clockwork guidance systems. V1 had one of those, BTW It didn't really matter when it changed from 50 BTC halving to 25 BTC. Traders will trade, programmers will program. Price is a market condition, not a development condition. He won't answer this because he can't spin it negatively. The facts are that supply of bitcoin will fall as the the block reward falls. Historically that restricted supply has been accompanied by a rise in exchange price. |
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326 USD on coindesk.
What's with all the excitement?
the candlestick... its big green, definitely rebound to 350. Finex has some eating to do first. |
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From where the entire forum is sitting you failed to answer brg's arguments. Instead opting for some extremely well worn escape clauses.
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^ A tangent? Sure, hard forks are possible, but not the ones which are needed. Addresses the red boldface text. Which tangent? Block rewards wouldn't change for the miners, just transaction fees. A hard fork would address many so called issues with scale and transactions per second limited by the current 1mb size per block. Let's take this one step at a time. 1. The block rewards are too high--too much coin is being produced, Bitcoin is unable to maintain price @ 14-15% monetary base inflation. 2. A real currency like USD, with IRL people at the helm, would limit issuance in such times to counter the falling price. 3. BTC can't do it with a hard fork--miners wouldn't mine the fork in which the block rewards are lower--see red text. 4. You posted a fork which does not change the block reward & does nothing to address this issue. How much was the block reward 2 years ago? How high was bitcoin inflation 2 years ago? Did bitcoin manage to maintain the exchange price? |
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Slow drift back upwards continues. What are the bets by monday we are at or higher than 333? brg 1: lambchop 0 Lambchop you write eloquently but sadly your content is lacking. You would be a far more convincing troll if you actually countered arguments with thought out answers, rather than trying to sound superior and ducking the difficult bits. |
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I think I'm looking forward more to the eery silence of trolls during the next run-up than I am to the actual price rise.
Yes. They will evaporate I suspect! |
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All in or go home.
That's fine if you got in at less than ten dollars and btc becomes your entire net worth  For those of us with professional jobs and people to support going all in is not practically possible (however tempting!). |
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Interesting discussion chaps.
Yep bitcoin is high risk. Going all in is silly unless your are in your early twenties. Saying that I think it really is a commodity to hold for a couple of years at least, to smooth out blips on the long term trendline.
We remain at a great entry point for new buyers (could it get better, sure if we have disaster or a bounce off 275). But IMO the next wave won't get excited and start buying until the price begins to rise again.
My view is that this extended bear market is being driven by new coins floating on the exchanges. The top 500 addresses are gaining coins, not divesting.
If stolfi is right and there are 650,000 addresses with any significant amount of btc in (and I have four cold storage addresses myself) then bitcoin holders propping the price up represent perhaps 100,000 to 400,000 people globally, excluding off chain wallet services. I can easily see another 1 to 10 million people buying a bitcoin in the next mania of 2015/2016 can't you?
They say patience is a virtue and it has been tested this year for bitcoin enthusiasts!
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There's lots of talk about cheap Bitcoins
So what USD Value do you think a Bitcoin would be cheap ?
I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.
It will continue to work regardless of what the price is.
I know the relentless greed around here will not agree with the above, the world still needs dreamers though.
You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha! inca, you are actually making it very clear that you're delusional by this post. Really? So you think bitcoin is currently 3000% overvalued? I wouldn't even bother responding to people who just shit on an idea you shared, without presenting a logical argument...especially when they call you delusional lol True. But podyx was a reasonable poster earlier this year. I think he is now trading with leverage. I hope he keeps at least a portion of his coins in cold storage! |
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There's lots of talk about cheap Bitcoins
So what USD Value do you think a Bitcoin would be cheap ?
I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.
It will continue to work regardless of what the price is.
I know the relentless greed around here will not agree with the above, the world still needs dreamers though.
You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha! inca, you are actually making it very clear that you're delusional by this post. Really? So you think bitcoin is currently 3000% overvalued? |
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There's lots of talk about cheap Bitcoins
So what USD Value do you think a Bitcoin would be cheap ?
I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.
It will continue to work regardless of what the price is.
I know the relentless greed around here will not agree with the above, the world still needs dreamers though.
You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha! |
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Slightly pissed check in. Slow incredibly low volume drift lower. Good game bears. Good luck when real people return! |
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agreed. however, the bear market is no longer with us.
Pardon? I believe we haven't stabilized yet, nor has there been any long term stability so far. The general trend is still moving south in an ever more manipulated market. I will agree that the bear market is over if we by April still hover around the same price level. Until then, nothing can be said with certainty. agreed. however, the bear market is no longer with us.
Pardon? I believe we haven't stabilized yet, nor has there been any long term stability so far. The general trend is still moving south in an ever more manipulated market. I will agree that the bear market is over if we by April still hover around the same price level. Until then, nothing can be said with certainty. Actually if we resist 300 or even 270 and climb back to 450 or greater, the bear market is likely over. When the price is low like it is now human psychology works against you. You would have killed for 320 dollar bitcoins a year ago. |
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Love the cynical 2.5k dump on finex, ha! Love these natural market trades. |
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Merry Christmas to all bitcoiners (even you lamb chop). |
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