|
Thanks for the update guys.
Can anyone explain the thinking with new receive tab? I much prefer just generating a new address and then maybe adding a label. With the new tab you request a payment and that generates an address, the only way to distinguish between addresses is by an almost compulsory label (due to not seeing the address itself) why the change?
|
|
|
|
It would need way more than 13 times as much money, you are forgetting that the BTC supply is still increasing. Money needs to be pumped into the BTC eco system for it to maintain its price, therefore if money is withdrawn from this system, the price will drop more rapidly than if the same amount of money was injected into it. This is why these so called BTC bulls (read: people who got in early and want to dump massive amounts of BTC at a good price) keep telling people to hodl.
Those are the same people who are pitching BTC to stupid money, saying that the dollar is inflationary etc., well atm the BTC is more inflationary than the USD.
Your wrong in your thinking. Theoretically you hardly need any new capital to create a higher price and/or higher market cap. This is due to how many coins are actually on sale at any one time. It is exaggerated in coins that have a larger number of total coins. This is due to market cap being last price x coin supply. For example NXT has 999,997,096 coins that means for every dollar rise in price the market cap rises $999,997,096 dollars. People bitched about the same thing with Quark and the amount of coins it has that artifically inflated its market cap. In the case of BTC if everyone but one guy took their coins from the ask side and one guy put his coin up for sale at $10,000. Once somebody buys that coin the last price of BTC is $10,000 and the market cap is $126,163,250,000. All that with just $10,000. This is exactly my point. This is the reason why certain people are trying to convince people to hold (holding will keep the coins out of circulation), thus making it easier for the price to increase. However I do not believe people get into bitcoin to hold. People get into bitcoin because of the wild stories they have heard of people becomming millionaires within a few years. Once this optimism wears off people will start to realize that they wont become rich holding bitcoin and will sell their stash. I wasn't referencing your second point about people telling others to hold, thats your opinion. I think your incorrect with it, afterall why wouldnt these bulls your refering to have dumped at $1000+ thats a nice price compared to $4xx, but I'm not going to try and change your mind. What I was referring to is your assertion towards how much new money you need for the price to rise and with that you were wrong. Futhermore you only need more money to maintain the price IF we are working under the assumption that new coins are sent straight to market, if they are not then you are again wrong and no new money is needed to keep the BTC price afloat. |
|
|
|
It would need way more than 13 times as much money, you are forgetting that the BTC supply is still increasing. Money needs to be pumped into the BTC eco system for it to maintain its price, therefore if money is withdrawn from this system, the price will drop more rapidly than if the same amount of money was injected into it. This is why these so called BTC bulls (read: people who got in early and want to dump massive amounts of BTC at a good price) keep telling people to hodl.
Those are the same people who are pitching BTC to stupid money, saying that the dollar is inflationary etc., well atm the BTC is more inflationary than the USD.
Your wrong in your thinking. Theoretically you hardly need any new capital to create a higher price and/or higher market cap. This is due to how many coins are actually on sale at any one time. It is exaggerated in coins that have a larger number of total coins. This is due to market cap being last price x coin supply. For example NXT has 999,997,096 coins that means for every dollar rise in price the market cap rises $999,997,096 dollars. People bitched about the same thing with Quark and the amount of coins it has that artifically inflated its market cap. In the case of BTC if everyone but one guy took their coins from the ask side and one guy put his coin up for sale at $10,000. Once somebody buys that coin the last price of BTC is $10,000 and the market cap is $126,163,250,000. All that with just $10,000. |
|
|
|
|
I just cant wait until the 15th and neither Huobi or BTChina close. What gox showed us is these exchanges will try and be open as much as possible. why wouldn't they? The difference is with Gox and Huobi is that gox shut because they had no coins. All the other two need to do to stay open is move some servers.
|
|
|
|
|
Interesting idea and it makes a change to be shown an idea with some real thought behind it as well as a nice clear site.
I personally don't know how I feel about incentivised donations but good luck to you and I'm sure the idea will take off. My only question is whether it would increase donations or is just a nice side product to donations you would send anyway.
|
|
|
|
|
There are some real gems from the early days as well. Ther was a forum I used to frequent that was full of hilarious photoshopping skills done on the likes of paint.
|
|
|
|
|
Anything that looks too good to be true is often a way to lose money online.
|
|
|
|
Sellbot on BTC-E continues to push the price down. If he is really staffed with an infinite amount of coins then i could really see CNBC´s prediciton as an possible option and we might go to -100$.
With your .0001 BTC he cant have all the coins  |
|
|
|
PBoC 16hRptrzQS8J2Fe3YdLCA19npERQhxjCmt |
|
|
|
|
Sorry if this seems random but has the wallet issue been solved where you were unable to send large amounts of coins? I had an issue when I used quark some time ago that wouldnt let me send large amounts and I believe this was a known issue. I had to split the transaction into ever decreasing amounts.
|
|
|
|
|
There are trusted wallet cracking services that many people have had success with, Daves is one of them. However as said unless you know at least some of the password and unless it is very short you will have a hard time brute forcing it.
|
|
|
|
|
goxxed has its own entry in the urban dictionary which I think is very apt.
|
|
|
|
What if TERA is right?
Much fear
At this point most people agree it could go either way in the short-mid term. Someone predicting a general downwards movement has a 50-50 chance of being right at the moment as far as I can tell. Would consider her right if we bounced up to $5xx as she predicted and then headed down. |
|
|
|
|
Just think Fonz if you had a sig campaign going for all those posts you could have got yourself some of that worthless BTC. You would never say no to extra shorting leverage, no ?
|
|
|
|
hey ritz is your address 15yfNR.....? I got a payment of 30 mbtc on 1st april ?
That is the same address I got paid from last month so I would conclude that as a yes. |
|
|
|
@JayJuanGee
The situation is not as bad as it looks. Almost 31.5% are still somewhat bullish in this forum.
When China is out of the game what do you think in which range will we be tradin for months after that?
5-85$ - 9 (8.3%)
85$-140$ - 8 (7.4%)
140$-180$ - 6 (5.6%)
180$-250$ - 5 (4.6%)
250$-306$ - 14 (13%)
306$-400$ - 22 (20.4%)
400$-450$ (unrealistic option) - 14 (13%)
450$-480$ (delusional option) - 20 (18.5%)
0$ GAME OVER (igorr option) - 6 (5.6%)
-100$ - 4 (3.7%)
Do you have a link for that survey? And, where is the $480 and above option? And, the central assumption of the poll seems to be bad, too. China will NEVER be completely out of the BTC game.. you don't just shut off China like Mt. Gox.. it is NOT exactly the same as GOX.. and you cannot really shut the chinese off.. those facts do NOT really exist in the current situation. Even GOX is NOT completely out of the BTC game yet.. b/c we are still getting fall out and I am sure GOX will continue to provide a certain amount of FUD and drama.. even though the GOX situation has largely been contained. It was his own survey in his own thread, I think that adequately answers your questions lol |
|
|
|
Chessnut registered in Jan this year, no offence but he is not a whale lol.
I have no clue what he is nor do i care but what has his reg date have to do with it? I could own 100k coins and register today. It is my opinion... Plus someone with 100k coins doesn't post 1000 times in a few months. Far more things to be getting on with. |
|
|
|
I can't agree that bitcoin is not designed for over-the-counter payments
Please explain how you don't agree? Bitcoin was designed with a 10 minute block target time. This is not conducive to over-the-counter payments where a quick confirmation is desired, therefore it was not designed for over-the-counter payments... |
|
|
|
|
Chessnut registered in Jan this year, no offence but he is not a whale lol.
|
|
|
|
|
And once they all accept bitcoins they then get robbed or kidnapped for their private keys. Hardly a solution though it does improve the process in other areas.
|
|
|
|
|
Show Posts
