Yeah, anything else I discuss, my posts get deleted by mod. So it's best to close this thread until prices tarts moving again.
Though, I just bought again some BTCs, I think price is quite stable right now, so it will either stay like that or it will go up.
You get deleted because you are full of nonsense, and likely you are contributing nonsense in your posts.. which I tend to see that in your posts, whether you are "on topic" or not. BTC Prices are not stable at the moment.. Bears wished prices would have never gone above $500 and they are kind of hoping to push prices back down. Bulls want the price to continue it's rise into the $800s and beyond towards new ATH territory. Merely because we are experiencing a kind of low volume consolidation period in the $540 to $778 range, does not mean that we are not going to have some price battles within this range that could come at any moment.. The current range is really big, and we gotta be here a lot longer and maybe even narrow down on a much smaller range in order to declare some kind of "stability" in bitcoin's price... We seem to be quite a ways from a more narrow range, at the moment. |
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Why is price falling down now, anyone know what happened? Bad news again?
It's called normal oscillations in the price... remember yesterday? The price went to $678.. about 24 hours ago? It doesn't make much sense that you want to call this current situation "down" movement, when prices are kind of in a range... and bitcoin price is a kind of moving dynamic, but it seems that at this time, our range is approximately $540 to $778... We are currently kind of in the middle of that range, no? Or at least reasonably moving around in that range towards the middle... Within our current $540 to $778 range we can have normal or extreme upwards and downward corrections.. We have been here for about a month... and if we break into the lower end of the current range, then maybe we could concede.. "prices seem to be going down" On the other hand, if we start to move into the upper end of our current price range, we may conclude the opposite... Right now, we just have seemingly normal price movements on fairly low volume and from time to time testing within our current price range (which is still quite big range to be in), but the current price range generally seems to be upwardly projected from the last price range that we were in (which was largely between $360 and $460 for a large number of months) TLDR: you seem to be getting too anxious in looking at short term charts because BTC prices are more trending upwards rather than downwards at the moment.  .  |
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Yesterday a friend of mine was asking me: So now that the block reward is 12.5 BTC instead 25 BTC your BTC should have grown in terms of value? I said: Yes, now I own coins which value more in terms of production costs. My friend: Ok but waht about the value, is it higher? I replied: not yet...  price was between $200 and $300 for about a year until last november. price tripled in the last 10 months. some of the rise was maybe due to the anticipation of the halving, since it was known all along. So you think that this is the 'real' price now, right ? Because the price already double tripled compared 10-11 months ago. There is no real price of btc. A real price would mean the number of user is stable enough so their is not more demand than supply. It is not the case. You know what I meant, real price = miner farm can still continue to 'mine' bitcoin. With 500-600$ of the past months and the block reward of BTC25 they were in profit ... but now with BTC12,5 and ~600$ are they still in profit? I think yes, they are. It would be considering that miners fix the price. Which is not right, because difficulty is here to balance the miners and the price you know  Why do we have more nonsense implications that "miners fix the price" or even have much of any kind of control in regards to price? Miners speculate on the price, and likely adjust their decisions of the extent to that they will hoard based on current price and based on future anticipated price(s). Sure, yeah, if they have a lot of coins, they can affect the price upwards by hoarding and downwards by dumping and maybe less downwards (at least they think), if they sell over the counter to folks who may not be dumping right away. There is also a kind of potential game dilemma if a large coin holder anticipates that there could be a future dump of coins by another coin holder, then in that case, they may consider dumping their coins before the other large holder dumps their coins. Anyhow, it is more likely that the controllers and manipulators of price are not the miners but instead other large holders that play around with coins in order to profit... or just to manipulate for their own other (potentially anti-bitcoin) reasons. |
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Just to make it all clear.
Nobody has posted any true evidence for those scam accusations.
But in same time you are all flaming around and I decided to leave because I don't want to stand in a split fire. Im a campaign manager not a lawyer.
I'll finish up the Stage 9 then I will be no longer the Betcoin.ag Sig Campaign manager.
I'm pretty sure that the campaign will go on without me so our Participants will be able to continue their participation.
Best regards.
Why would you leave because of a bunch of doofus trolls? There are always going to be trolls, no? roslinpl has been a phenomenal campaign manager, even better than all of us have anticipated, but the attacks on him have had a great toll on him and we respect his decision to finish Stage 9 and no longer manage the Betcoin.ag Signature campaign. He has taught our internal staff a tremendous amount about how to manage the campaign and the campaign will continue in full force with our new manager which is a member of our internal team. JayJuanGee you are correct there will always be trolls, but we do understand how they can have an effect on somebody feelings, stress levels, and decisions to move forward. Some other members of our staff have experienced the same emotions as they continue to push forward and provide a great service. We thought about making this a moderated topic, but most of us really don't mind the trolling and see it as a byproduct of a successful business. We just want to provide the very best service possible and certainly everything can use an improvement and we are working very hard on that. When you hate or dislike something, you don't want to spend your time there or consume it. It speaks volumes that our largest trolls spend more time at Betcoin and in our forum threads than many of our highest volume players. The negative trust by Lutpin and xetsr is with regards to an issue that we helped settle for the player. It was a dispute between the player and Betsoft. Everyone knows that including the player. Had we not got involved, the player would have got nothing from Betsoft. The irony to the negative trust is the player that was effected by Lutpin's comment regarding negative trust has more trust for Betcoin.ag than ever before. We have now hundreds of daily players for which we are very thankful and have numerous new signups everyday because fortunately people are smart enough to try our service and experience it themselves and once they do, they quickly realize that Betcoin is a great place to play. We have come a long way and have a long way to go and we appreciate everyone's involvement. The new Betcoin Staff members will use the Betcoin.ag and BetcoinCasino handles when addressing the campaign. Thank you for the response and explanation... , and probably you are correct that the thread need not necessarily be moderated, yet frequently there will be questions regarding when to respond to negative public comments or to let them go without a response. It is my sense that good managers can make a difference regarding tone and organization of any endeavor..., which seems to have been positive experiences for me in the past few months of my involvement in this signature campaign.. .. therefore, yes, I am continuing to hope for the best for this signature campaign and thank you Roslinpl for your contributions and keeping us updated. |
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Even half of all millionaires invest 1% in Bitcoin, the price will be over 3k.
yeah the op really seems generous to the price and its speculation ! by this thread i think now i can see the bitcoin has clear and bright future  Keep on holding your coins guyzz something big is gone a happen in near future ! His prediction is just a few years too early. It could happen in 3 to 5 years if the bitcoin is used widely. but for the price of more than $7700 bitcoin needs a lot longer than 3-5 years and also it needs a lot more halving to happen so the reward is small enough. also the adoption (usage) needs to be so big, as in being used everywhere in the world. When you are describing what is possible and what is not possible in absolutes, you come off as a bit arbitrary.. .in this regard, you are suggesting that $7,700 is not possible in the next 3-5 years, which is nearly pure baloney. I would phrase such prediction differently. Whereas, you may have better predicted in terms of a percentage.. less than .0001% chance, whereas, I would suggest the odds are much greater than that... maybe even up to 5%. One thing everyone needs to consider about bitcoin is that it is a paradigm shifting technology, which means that there have been no other assets or items like it in the past, and accordingly such actuality makes it even more difficult to predict it's upward price potential. Of course there are potential obstacles along the way, and also there are the clearing of obstacles and learning about the technology. Accordingly, since the price was suppressed for about a year (maybe longer), there could be an opposite reaction that explosively counter balances the prior extended price suppression. Sure, nothing is for sure, but the probabilities are much higher than zero that BTC prices could reach $7,700 within 3-5 years and even sooner is quite possible (at least much higher than zero, as you seem to be asserting without any further justification beyond your mere supposed wisdom-filled proclamation). |
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Just to make it all clear.
Nobody has posted any true evidence for those scam accusations.
But in same time you are all flaming around and I decided to leave because I don't want to stand in a split fire. Im a campaign manager not a lawyer.
I'll finish up the Stage 9 then I will be no longer the Betcoin.ag Sig Campaign manager.
I'm pretty sure that the campaign will go on without me so our Participants will be able to continue their participation.
Best regards.
Why would you leave because of a bunch of doofus trolls? There are always going to be trolls, no? |
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Bitcoin movement has been disappointing lately. Any idea when will the block size issue be fixed?
Should I bite? What block size issue? Is there an issue? And, you are disappointed with a nearly 3x price appreciation in bitcoin from August 2015 and a more than 50% appreciation since late May 2016? Or do you mean something else by "lately?" |
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you are failing and refusing to acknowledge a large number of additional attributes that bitcoins have and beanie babies do not have.... Is you are failing and refusing to acknowledge a large number of additional attributes Bitcoin not have. Bitcoin not have soft, Bitcoin not have cuddly, Bitcoin not have valuable "authenticity TY" tag on nice plushy ear. hahahahaha... Finally Lambie said something funny regarding tangibility. Yes, bitcoin no have cuddly, just like no other currency, payment vehicle or storage of value should be considered as cuddly, but if you have sufficient bitcoin you can buy as much cuddly as you wish, whether from beanie or from baby. |
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Why? Both Bitcoin and Beanie diamond value is based on artificially limited supply. Why do you think Beanies diamonds are worth so much?
Please educate me.
Fixed. Why not both? Diamonds are [arguably] pretty, industrial diamonds aren't worth shit. Beanies are [arguably] soft and fuzzy, common Beanies aren't worth shit. What am I missing?P.S. Some diamond stats: [Suspicious link removed]j.net/public/resources/images/OB-FP067_ROI002_NS_20100211185354.gif[/img] [Suspicious link removed]j.com/articles/SB10001424052748704337004575059723597630174 [Suspicious link removed]j.com/articles/SB10001424052748704337004575059723597630174 Geesh! Amazing paranoia! Replace "suspicious link removed" with "WS," or google "Diamonds Aren't an Investor's Best Friend - WSJ" As soon you engage in discussions to compare bitcoins and beanie babies, you are missing logic and genuineness. Accordingly, you are getting caught on one shared attribute, scarcity, but you are failing and refusing to acknowledge a large number of additional attributes that bitcoins have and beanie babies do not have.... Do you need me, or someone else to list some of those attributes? Probably not, because you are not engaging in a genuine conversation, anyhow, you are just engaging in an attempted nonsensical and distracting oversimplification in order to spread misinformation and to attempt to divert us from real issues. Good job, Lambie pambie. |
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We need to wait for another 2-3 months until the limited supply of coins is reflected on the exchanges. The proce should rise naturally then.
I'll believe it when I see it. I don't believe most of the newly mined coins ever get anywhere near an exchange anyway. And I don't think serious OTC buyers would ever go anywhere near an exchange. I suppose they have to obtain them somewhere but that might just make the OTC market bigger from people who would otherwise sell on an exchange. Either way it's not gonna hurt. "Serious OTC buyers" likely buy off exchanges and dump on exchanges... whether direct or indirect, in order to attempt to push down the price in which they buy without causing upwards slippage when they buy.. but in order to achieve downward slippage to determine their buy price. Is this model sustainable? Probably not, but currently, if prices are generally influenced by a small number of exchanges (including a fairly low quantity of capital that can achieve such), there is likely some profitability in engaging in such behavior for larger players. |
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[...]
Blockchain. Blockchain. Blockchain.
*Cringe*
Every time a bank or something else is talking about the blockchain, you can be sure they are working on bitcoin and use the blockchain as a coverop. If they would really be interested in blockchains they would have said so 7 years ago. There is absolutely nothing new about blockchains 7 years later. the blockchain has not changed in any way, and anything financial should have know about it and looked into it about 6 years ago. What is new is that bitcoin has grown up. If they are interested NOW, you can be sure that they are interested in bitcoin itself, as a currency. They may experiment with there own blockchains and there own alt-coins, saying it will improve the services for there customers (like they ever cared about that), but in the end they will go to the coin where money is to be made. I don't really disagree with you, overall; however, there is something quite delusional about this whole private "blockchain" competition practice, and there is some thinking in these financial institutions that they are going to be able to bring the "good," if there is such a thing in their thinking with bitcoin, to their technological innovations without bring the "decentralized" "public" "bad" parts of bitcoin.. but in essence, these blockchain without the currency advocates seem to be missing almost the whole point of bitcoin. So, in some sense, it seems that they don't quite get the "value" of bitcoin, and accordingly, I doubt that they are actually covertly investing in bitcoin (except maybe a few more enlightened individuals who actually get bitcoin are actually investing in it on a personal level). If we had so much secrete investing in bitcoin from rich individuals or institutions, we would already have BTC prices in the $2k territory. In my thinking, i's going to take some time before some of these more traditional financial institutions figure out ways to build on top of bitcoin (or build systems that will work on top of bitcoin to take advantage of the low cost part of bitcoin) in order to create more competitive products, rather than seeming to want to compete against bitcoin.... Interesting times ahead, certainly. |
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I think we first go short, then long to a new highs...  Sounds like you are talking your book... There is no reason that we go short before we go long... There have already been several downward attempts on the price, and sure you could be correct that there will be another one or that the next downward attempt (if there is one) will be successful, but certainly, you gotta be careful, at this point regarding how much you were to bet on downwards. |
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Obviously he thinks he's being funny.  Yeah, a comedian who couldn't get a gig, but is still trying and practicing, and maybe some day we will be so fortunate as to say that we knew BMB when.. blah blah blah...... and then in his elderly years, BMB could be approaching the "no respect" likes of Rodney Dangerfield (RIP). |
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Off-topic: My most used day trading tool, the all important Apple Watch.  Edit: I guess I can't post images yet. Can I have my old account back please? Cited to display image for Hyphy... ... very simple, interface, I see. That was very kind of you Hahahahaha I understand that you are just giving me a rough time, because everyone here knows that I am not very kind... I think that Hyphy had already provided some very decent and substantival analysis in an earlier post, and also, the Iwatch image seemed like it could be substantially useful for a few elite gentlemen folks who may be so fortunate as to own an iwatch. |
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Off-topic: My most used day trading tool, the all important Apple Watch. Edit: I guess I can't post images yet. Can I have my old account back please? Cited to display image for Hyphy... ... very simple, interface, I see. |
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Countdown begins.....
4 years until halving
Bitcoin to the moon! Lol. A lot of pre-halving hype and then nothing. The chineses are playing with us, they control de market. Yeah right, another one of these superficial and foundationless assertions regarding supposed "chinese control".... Can I just say, Bullshit? Oh, I just did. Had you watched the Chinese markets volume of the last 2 or 3 years? They control de market, 90% of volume is from China. And this is not only about Bitcoin, all the altcoins had the same problem. Those big and shady chinese exchanges are centralized and with low or not fee at all. yes, I will concede that chinese exchanges are known for low or no fees, lot's of trading bots, and even some faked volume... and so they have been discredited for quite a while (maybe around a couple of years).. Sure, there is some symbiosis, and there is some back, and forth in which chinese may seem to be leading, but I would not attribute correlation with causation. And, sure, on an individual level, you can figure out whatever indicators work for you, and in that regard, you can follow the chinese exchanges to your heart's content, but makes you look kind of silly if you are spouting out such nonsense in these forums without qualifying your observations to some extent with acknowledgements that there is quite a bit of skepticism in respects to chinese exchanges (and that is not at all meant to be a xenophobic assertion from me).. OkCoin, Huobi, Bitfinex, BitStamp, BTCChina... Tell me ONE not chinese big exchange. Well, out of the ones that you listed, O.k coin, huobi and BTCChina are trading CNY/BTC pairs and known for the issues that I mentioned in my earlier post. Bitfinex, though it is in hongkong, has USD/BTC pairings and fees and surely that exchange has more sway than the other chinese exchanges, and some people in the west even peg to Bitfinex. To my knowledge, Bitstamp is in Europe. Price is ultimately driven by a variety of exchange activities and other activities, and my main suggestion is to not place too much emphasis on the chinese exchanges including O.k coin, huobi and BTCChina. Even though Bitfinex has its own issues of margin trading and shutting down, there is quite a bit of muddying of logic, if you are going to lump Bitfinex in with the "chinese exchanges", even though technically you are correct that it is located, to my knowledge in Hong Kong.. I doubt that most folks are lumping Bitfinex in such categorizations of "chinese exchanges".. |
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Might as well put this thread on hiatus until after September...that's when the fun begins again What's so magical about September? Something happening in September, or is that just your quasi-arbitrary technical analysis estimate? November halving -> April 20x price (started climbing in January) --> november 10x price rise (started climbing in oct.) July halving -> December 20x price (start in September) --> may 2017 10x price rise (start rising in march 2017) added some flavour  Sure.. what the heck.. May as well go whole hawg with the additional analysis. It may help some of us with perspective. |
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Countdown begins.....
4 years until halving
Bitcoin to the moon! Lol. A lot of pre-halving hype and then nothing. The chineses are playing with us, they control de market. Yeah right, another one of these superficial and foundationless assertions regarding supposed "chinese control".... Can I just say, Bullshit? Oh, I just did. Had you watched the Chinese markets volume of the last 2 or 3 years? They control de market, 90% of volume is from China. And this is not only about Bitcoin, all the altcoins had the same problem. Those big and shady chinese exchanges are centralized and with low or not fee at all. yes, I will concede that chinese exchanges are known for low or no fees, lot's of trading bots, and even some faked volume... and so they have been discredited for quite a while (maybe around a couple of years).. Sure, there is some symbiosis, and there is some back, and forth in which chinese may seem to be leading, but I would not attribute correlation with causation. And, sure, on an individual level, you can figure out whatever indicators work for you, and in that regard, you can follow the chinese exchanges to your heart's content, but makes you look kind of silly if you are spouting out such nonsense in these forums without qualifying your observations to some extent with acknowledgements that there is quite a bit of skepticism in respects to chinese exchanges (and that is not at all meant to be a xenophobic assertion from me).. |
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Network seems to be humming along great, despite mining reward cut in half / inflation getting halved. There was some FUD about it before the halving, but it seems to be ok, blocks are being found in normal time. It seems there has been no hashrate loss worthy of mention - apparently due to the much stronger price compared to the 250 and 400 levels. I'm also looking at this: https://slushpool.com/stats/It seems that yesterday hashrate was going in the 85-87 range, it did a small spike prior to halving, now it's in the 82-84 range (small drop was expected). So everything seems ok, network-wise and incentive-wise. Next diff retarget in 9 days, it has some upward momentum right now due to the spiked hashrate pre-halving, but it might be corrected to "stabilize" over that period. Maybe you can explain why changes in the hashrate matters so much, except merely perceptions? If you look at bitcoin's hashrate, this network is likely closer to 100x more secure than it needs to be in order to prevent attacks and to protect value. Yeah, if the price of coins goes up 100x, then that extra security will be a good thing, but at present prices, we got a lot of surplus mining power, so it really does not matter if half of them go away, except for nontechnical perceptions, such as public opinion, no? changes in the hashrate can affect the block time, such as a drop in hashrate making blocks a bit less frequent (lets say 12minutes if ~15% of the network leaves). In turn, full blocks get fuller and transaction fees climb a little as teres more fighting for a spot. As the fees grow, so will the incentive to mine the block. today we see ~0.7BTC/block fees - wit 12min blocks we could see >1BTC in fees - an extra ~3% incentive to compensate. If things got particularly bad with ~15min blocks, fees could reach 1.5BTC, almost a 8% added mining incentive. I dont see it causing a doomsday - but i do expect we will see some evidence of lower block frequency over the next 10-14 days until the next adjustment. beyond that point, difficulty will change and some miners will probably return. I expect that a lot of major facilities have a $300-500/BTC production cost right now and will not change thier hashrate. only smaller home miners and older gear like S5/SP3X will leave as for hashrate security - the halving will disincentive any major hashrate growth in the next few years unless/until the price rises considerably. Thanks klondike.. that is a decent explanation - though I do believe that you are describing a bit of an outlier scenario, and even if such a scenario were to play out, such scenario would likely only last for a couple of weeks at a time until the difficulty readjusts.. And, further, your scenario describes more pure business only reactions, yet even with business mindset miners, there exists some percentage of speculation, as well, and that speculation causes some hoarding of coins and some banking upon the risks of higher prices in the future. in any event, neither of us seems to concerned about real dire consequences no matter how this plays out, under more likely scenarios. |
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Might as well put this thread on hiatus until after September...that's when the fun begins again What's so magical about September? Something happening in September, or is that just your quasi-arbitrary technical analysis estimate? November halving -> April 20x price (started climbing in January) July halving -> December 20x price (start in September) O.k. Makes sense. It's not totally out of the blue, even though a bit hysterical. |
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