Bitcoin's network is safe even if the price falls to US$50.
Why the high incentive for miners then in the first place? Bitcoin bagholders are becoming more and more contradicting with what they said a few months ago! In one word distribution. Chicken before the egg problem |
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Yay more numbers taken from the random time frame!!
How is 'the last 24 hours' a random timeframe? Well because based on my analysis of the last 24hrs... just sounds silly. If you don't want to be taken as another fearmongering noob account do more research. When does the protocol adjusts, how much can it adjust for, at what point it'll start having issues and adjustments can't compensate? By how much? How much will 3 confirmation in 30min vs 33min (10% increase) really effect anything? etc etc etc. Or you can just keep posting with hey guys did you know that the sky is falling, but this time it's super cereal. It's 20% increase today. 12 minutes for 1 confirm. 72 minutes for a transaction. Soon a bankwire is faster than bitcoin.
Do you think hashrate is not going to drop further? It surely is going to. Bitcoin is a horrible coin with horrible fundamentals in the year 2015. (high inflation - inefficient, slow difficulty adjustement with no accuracy resulting in a kind of random emission of coins and blocktimes, slow transactions of at least 1 hour) If you would relaunch Bitcoin, the coin as an altcoin today people will not buy it. Maybe think about that. The only reason bitcoins' price can be justified was the hype from the novelty and the high hashrate. Both is going away. Soon? Now you're just trolling. Inflation is not really a correct term here. It's fixed and known so no surprises here. When you own 1 BTC you'll never own less than 1 out of 21MIL. It might drop but i doubt by a lot. New manufactured miners are in the pipelines and that takes time. Blah blah blah yes it's first to the table, that's its advantage. It's usable because everyone else uses it, it doesn't have to be the best. Is this the point where you start pushing some alt? And your new alt will be at risk of being replaced by a more innovative alt that will come out the following year etc..etc..etc... bitcoin just needs to be flexible and be able to adjust to major innovations e.g. side chains |
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Whats the story with 'four punch raiders'  they switched sides Huh that didn't help. Who are "they". |
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Yay more numbers taken from the random time frame!!
How is 'the last 24 hours' a random timeframe? Well because based on my analysis of the last 24hrs... just sounds silly. If you don't want to be taken as another fearmongering noob account do more research. When does the protocol adjusts, how much can it adjust for, at what point it'll start having issues and adjustments can't compensate? By how much? How much will 3 confirmation in 30min vs 33min (10% increase) really effect anything? etc etc etc. Or you can just keep posting with hey guys did you know that the sky is falling, but this time it's super cereal. |
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.....Yay more numbers taken from the random time frame!! Let me try too, did you know that hashrate is up like 10% since Jan 14!!  Relax it will survive.... Actually, hash rate in January 2014 averaged about 10MM Gh/s. It is currently about 300MM Gh/s for an increase of about 30X in one year. Check out the link I posted directly above your comment. But yeah, according to every newbie and short positioned troll, Bitcoin is dead and stuff. Cut your looses. Meant Jan 14, 201 5 looks like it dropped to 229THashes around then. But yeah think the point got across. |
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Whats the story with 'four punch raiders' |
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We know about the difficulty-issue and potential chainreactions associated with it (slow transactions cause further selloff which in turn causes slower transactions).
Now the Bitcoin network has been proven to be unsustainable thanks to the high inflation. So we anticipate for now a drop in hashrate due to it being unprofitable after the miners dumped down the market and continue to do so. It's not their mistake, it's a fundamental mistake in bitcoin.
So for the future network security of Bitcoin is anticipated to drop off. Sellpressure from miners is not going to be lower all of 2015.
So sellpressure from inflation paired with a drop in network security is on the map for Bitcoin this year.
My question is: would cause a drop in network security further sellpressure from people exit their holdings? Are we facing another possible chainreaction here?
Everything started with the sellpressure from the miners giving the bears the ultimate advantage over the market for a whole year. Climax in crash after 1 year bearmarket. Now mining bubble pops. Network security will suffer considerably. Sellpressure from miners and general marketcondition should be roughly the same as price doesn't matter because inflationrate is fixed.
As selling continues and hashrate drops; will the drop in hashrate cause further sellpressure?
Todays drop in hashrate: almost 20%
Blah blah blah newbie account asking if bitcoin is dead, but i'll bite. No, the mined supply is FIXED at about 3600BTC a day till the halving next year, FIXED means it won't change regardless of the price, mining "Sellpressure" cannot physically increase above that. Miners can dump all their coins when they're super profitable and can do it when they're in the red. Not sure how else i can stress that.  Todays drop in hashrate: almost 20% Yay more numbers taken from the random time frame!! Let me try too, did you know that hashrate is up like 10% since Jan 14!! Relax it will survive |
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It's the weekend beginning. We are at $207 (BFX). Let the crashes begin!!! I think we won't crash as big as recently, but min-crashes are incoming. The question is how fast can we recover?
By Monday, I say we'll be seeing $150.
We did crash to about $190 level over the weekend; however, we DID recover to over $210 currently. I was wrong to speculate $150 by Monday. I got carried away, after saying "mini-crashes" were going to happen. Now the question is, "Will $210 hold this week?" I'd say we will slowly decline to $200 by Friday, January 23, 2015. How many times do you have to be wrong to stop posting this crap? Do you really think anyone cares what you think? Or i guess it's just trolls playing with numbers. With 50/50 probability out of 100trolls one of them has to correctly predict up/down movement 7 times in a row. Then you get a following and then...profit Out of 100 trolls 50/50 chances on correctly guessing up down prediction 1 - 50 right 2 - 25 right 3 - 12 right 4 - 6 right 5 - 3 right 6 - 2 right 7 - 1 right why you mad, bro? Cause you promised me $150 coins so i leveraged shorted at $200 what is this world coming to when i can't trust random internet person with my investments? 3600 mined coins a day = 25200 bitcoins mined a week
25200 mined coins a week = 1310400 bitcoins mined a year
we are mining over one million bitcoins a year atm.
that seems like substantial amount to me when consider we only ever going to mine 21 million coins.
Are you intentionally leaving out the detail where that'll only hold out true for about a year? https://en.bitcoin.it/wiki/Controlled_supply |
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Stop crashing Bitcoin, or even the last real world usage for Bitcoin beside child porn and terrorism will be gone! http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1“Out a couple of thousand over this,” writes one dealer. “Bad f---ing time to start up. I really hope it bounces back and stays there. I can’t believe how fast they’re dropping. $330 to 280 to 220 in just a few weeks. Bye bye profit.” “I am losing losing 10-20% on all orders in escrow now!” says another. “Make that 30%!!! There goes all profit! FML.” One deep web cocaine dealer spoke to Business Insider about the price crash. “It’s pretty damn sad,” they said. “We have worked so hard over the past 3 months, and for profits to get halved? It’s hard to swallow, simple as that, but what can you do. It’s a gamble, whether you hold or sell.” They'd cashed out and had a massive payday during the bubble in November 2013, so they weren't immediately hurt by the dropping prices. But it’s still “hard work down the toilet.” And other, newer dealers don't have that luxury: they’ll be forced to sell reserves at a loss just to keep going (and potentially forcing the price down even more in the process)."It´s a death spiral! If it it doesn´t end soon, we (the vendors) will have to switch to something more solid and reliable, like DOGE!" these guys are morons to sell drugs using something that is traceable. the usd is much better to use since it is totally untraceable if using cash like a normal drug dealer. Think you're missing the point of silkroad 99.0 and all the other ONLINE market places. |
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One week ago the big dump started
What surprises will we see today?
Im guessing lots of posts from YourMother and a bunch of noob acounts  wait no that wouldn't be a surprise at all |
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...
trolling trolling making up quotes
...
Now that was one interesting highlight article Kind of curious about this if the dealers can't handle the volatility and want to move to another coin that would be sort of a surprise Not a total one though because as mainstream moves in to replace origins drugs sex booze gambling sites etc they would move somewhere else where their is less spotlight. Really a hero member quoting a troll? Don't even mind the fact that the DOGE quote is made up |
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Bitfinex flat on Bitcoinwisdom - is the API just down or has trading ground to a halt?
Oh no it's the end of the world!! Aliens i say. Or just press F5 |
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Support really looks good for the past 2-3 days. If not increase, I would hope to see it stable in the next few days.
Yeah order book looks great but it's known to be manipulated so hard to tell |
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It's the weekend beginning. We are at $207 (BFX). Let the crashes begin!!! I think we won't crash as big as recently, but min-crashes are incoming. The question is how fast can we recover?
By Monday, I say we'll be seeing $150.
We did crash to about $190 level over the weekend; however, we DID recover to over $210 currently. I was wrong to speculate $150 by Monday. I got carried away, after saying "mini-crashes" were going to happen. Now the question is, "Will $210 hold this week?" I'd say we will slowly decline to $200 by Friday, January 23, 2015. How many times do you have to be wrong to stop posting this crap? Do you really think anyone cares what you think? Or i guess it's just trolls playing with numbers. With 50/50 probability out of 100trolls one of them has to correctly predict up/down movement 7 times in a row. Then you get a following and then...profit Out of 100 trolls 50/50 chances on correctly guessing up down prediction 1 - 50 right 2 - 25 right 3 - 12 right 4 - 6 right 5 - 3 right 6 - 2 right 7 - 1 right |
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210 buyer is starting to despair
If you really really REALLY want it, close your eyes repeat it 10 times and it just might come true. Now in the real world someone is flashing a BTC1.1k buy wall at 216 on stamp. With such low volume there, he'll have to pay for a lot of slippage |
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Now that free trading on Stamp is over there is nothing to feed the Finex bears. Nowhere to go but up.
Ahh that explains the volume drop and kinda that huge purchase |
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I don't see the slack I guess?
The "slack" where I didn't want to say my true thoughts on changetip.  ah! Happy to pick up the slack <3 b3105e7b189eba871266f8a789dde1abe8927ff214d9de8e797ecfdacccd716f ^ example of a tip. I just now saw your post. Thanks a lot, I was racking my brain last night (mainly because of the wine) trying to figure out who sent me btc. That wasn't so hard at all! I'd do it too but meh don't want to start up my wallet  |
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Gotta be some piece of news...can't seem to find anything The only news is that Bitcoin was vastly under-priced and is correcting. No big deal. It's still far too early to post trains and rockets. Sinking ships, exploding rockets and derailing trains are equally silly. What, so everyone suddenly realized at the same time that it is under-priced?? Brilliant deduction there.. Probably not, but the reason is bitcoin. Just as the reason why it suddenly dropped. |
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Who pressed the red button  |
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Ohh Found some good stuff here: http://www.reuters.com/article/2013/10/03/creditcard-surcharges-lawsuit-idUSL1N0HT18B20131003"Even beyond the informational content of surcharges, sellers' inability to effectively inform consumers of the true costs of credit has the effect of artificially subsidizing credit at the expense of cash, increasing overall credit-card usage and consumer debt," "The card industry wants to perpetuate the myth that using a credit card is free, or priceless. But the cost is baked into the price of all the goods and services we buy." argued that the state law protected shoppers by enabling them to rely on advertised prices, rather than be surprised at checkout with surcharges. tl;dr blah blah blah creditcards companies should get tons of $$$ because we're afraid that dumb people can't grasp the concept of paying 3% more if they want to pay with their credit card Most consumers prefer to use CC because of cash back incentives and an easy way to itemize their spending record. By surcharging it'll just irritate the majority of consumers. Seems like only the small shops care about this. The big shops like Target rather just have one price Ok i can buy the argument that Creditcards are more convenient than cash, and creditcard companies are willing to provide that convenience for a certain fee of course. And they hate for you to know that you're actually paying a 2-3% fee, instead why not give you a 0.5%bonus points and make you feel smart like you're actually making money while at the same time lobby to pass the law that prohibits merchants to directly pass that fee to you and instead just cost average their fees on people who don't even use that "convenience" That's how the world works. I didnt like it when they banned indoor smoking. But that's what the majority wants Yeah i didn't like you smoking next to me, how did that work out? Now i don't like paying your convenience fees lets see how that'll work out that's why i'm here. Cut out middle man but still keep the conveniences |
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