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Even if he can, why would he want to do that right now and having to invest in all those high equipment? He probably would have stashed millions of coins during the initial stage and done when the difficulty was low using only cpu. Probably right now after having sold a small quantity when the price was high he's now just there enjoying his or her time. I might be wrong though cause no one knows who, what, where Satoshi is right now.
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Hi Kevin, nice roundup. Look forward to another one similar like this next week. Actually my outlook wasn't as positive as yours taking into consideration that the auction that will introduce excessive supply to the market. But anyway, seeing the price still maintaining stable within the $380 range may actually point to higher increase. I hope that is the case. Just what you have to say.
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If he really do *invest* I would expect him to put more rather than just 100mil taking into consideration the size of his wealth. Don't forget we are talking about a person who makes 1.6 billion in one single day from the surge of Facebook stock. Hmm. Unless he is predicting current bitcoin price to rise 16 times to match his single day earning.  |
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Well I'm definitely one of them. Also considered a freak. Why I say that is because I usually make it a routine (better word compulsory) to transfer between addresses and usually I try to keep the transaction size small (<1000kb) by having three transactions max received per address. Also this is done by waiting for the transactions to age (usually about 1 week) before I can transfer for low fee or sometime for zero fee and then consolidate to combine into a single output.
Any of you guys do that or you will just leave it there?
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I hope that translate to higher number of people using bitcoin rather than the current pool of users moving the coins around. Could also be something that relates to higher buy and sell order transactions placed on the coin exchangers. Anyway when I check the price, it seems that there is an uptrend going on so probably it could point to some positive event happening.
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I have to read your statement twice to realize that the word in your title is "unlikely" rather than the opposite. And it seem that you have a very unique view on how regulations can actually work to curtail and limit bitcoin usage. My question is, is there a way to actually ban the internet?
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Like what you've said it yourself due to the volatility it's better to treat it as an investment rather than a currency. Until the price settles down I guess we just have to accept it. There is no way businesses are going to take the risk to hold on to bitcoin after the sales of items as sometimes their profit margin is too low to accept the volatility price change
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If you are willing to take the risk you could select some of the exchangers that allow you to leverage your position up to ten times or more. It's sort of like option one but this one goes another step further. I was tempting to try initially but anyway i didn't cause i rather go slow but safe.
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Supply - amount of bitcoin in circulation. which comes from mining and from people willing to sell at certain defined price
Demand - the bitcoin price a buyer is willing to pay.
If supply outweighs demand, price will go down and vice versa.
The price dropping could be due to several factors.
There are too many bitcoins in circulation and less buyers
Miners are dumping coins and increases the supply
There is no demand for bitcoin to pay for other goods or service
buyers are not willing to pay because they think bitcoin price is too high and this puts pressure on price
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I'm new to Bitcoin. I have no idea where to start. Does anyone know of a site that can tell me what I need to do? I know I need to get a wallet. But, not sure where or any of that stuff.
The reason I want to get into Bitcoin is because I saw it at Fiverr. I saw that I can pay for gigs using it. I would like to find some kind of online work that I do to earn Bitcoins. Then use them at Fiverr. That might not make any sense. But, I need to buy services online that I can't do myself. Is it difficult to find grunt type of work online that pays in Bitcoins? Really I'm just looking to make 50 to a few hundred dollars. Enough to fund this aspect of the project I'm working on.
Well, to get started it might not necessarily so complicated. Once you got your wallet and have started receiving and sending in bitcoin, that practically covers almost everything unless you want to get behind the technical aspect. As for earning bitcoin, rather than finding jobs that pay in bitcoin, why not find some jobs that pay in fiat? Use that fiat later to get btc. By comparison, question on which one is a better option, you should be able to find that out easily. |
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I used to trade at cryptsy but after I realized that bittrex offer slightly lower rate for btc fee withdrawal, I have sort of attached to bittrex. Transaction fee between both are more or less the same so that doesn't bother me much. Only difference is the withdrawal fee.
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My life savings is enough to get me 500btc but I still keep in fiat and will wait for the right time to get btc at the lowest price.  Well I do occasionally give out some btc for my friends to try out. I never get scammed because basically there is no such thing as 100% trust in this world |
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Equality? As far as I know there is no such thing as equality. If we live in a perfectly 'equal' world, hell we might not even be around and survive. Fact is there will always be one part of society that lives life comfortably and there is another group bound to serve these rich people. You can't have everyone rich and if this is the case, then who is going to work to serve the rich people? I hope I make a point here.
Well, you might complain why there are so many rich people but the fact is they get rich mainly not only because they use their brain but also because they are willing to take risk and when opportunity arises...know how to seize it.
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The more they complain about unfair advantage, the more people took notice of bitcoin. It's more like free advertising for us and indirectly that helps the btc price. Obviously we are moving in the right direction.
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Absolutely! How efficient the heat from mining will be recycled in the future will decide the level of profitability. Not long ago I read a similar post saying a company builts a heat recycling system from ASIC mining machine in the company's building instead of the existing heaters. It saves a lot of energy cost.
Now that is a very interesting idea. It could mean mining in certain countries where the amount of heat actually get wasted will have the miners lose out in terms of competition. While that has an effect on centralization, it could also mean that when production cost or rather mining cost gets lower, btc price should also go down? Let me ponder a while if i get this correctly. |
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Add the 'accept bitcoin' logo to your gallery website. That is the first thing I would do and is the most eye catching thing to have. Also you might want to consider adding your business listing to directories like for example spendbitcoins dot com. That should help you get noticed
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I still believe he or she is waiting for the right time. 1000 usd probably is too low and undervalued and at that time when btc reached the peak at 1000, 10% of the stash sold would be enough for him or her to cover all his spending and enough to live comfortably. The balance, I don't know what the plan....
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Romance, Mystery, Action movie...That is indeed a blockbuster. You should have sold the script to a movie producer. Anyway if that becomes a movie, I'll sure be among the first to book the tickets |
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If the protocol allows us to choose whether we want to accept the transaction. If let's say there is no confirmation by the recipient then the amount should be returned back to the sender. Not sure if this is workable or considered a good solution but at least this will block spam.
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