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This is puzzling me! So many non sense posts, I guess that is online fun, maybe I am jealous not to participate or slightly uncomfortable because it is weird
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The new information is in the distribution parameters that were updated based on the Mt.Gox data.
The Mt.Gox leak was the data after accounts were frozen right? Considering there were many hints of Mt.Gox's impending failure well in advance (goxing was a verb a long time ago), I expect a large percentage of people withdrew their funds either completely or mostly (my case). Therefore, I am not sure how useful raw Mt.Gox numbers would be for finding the overall distribution. 20 pages back in this thread, when the methodology was created, we used the distribution data from a certain company called Silvervault as a basis for some assumptions of this model. Even impaired Mt.Gox data is an improvement. An example problem where we have better answer now, is: 1.0 million coins belong to people with 100-1000 coins There are 45,000 people with 10-100 coins. How many people own 100-1000 coins? 1million coins belong to people with 100-1000coins : if they each have 100coins, they are 10,000 if they each have 1000coins, they are 1,000 so people having 100-1000coins are between 1000 and 10,000 Yet you wrote : 13k BTC100-1k that would mean each person has less than 100coins |
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good opportunity to sell right here and rebuy at 450
Good to enter here Might flash 420, might not If you are not a day trader don't day trade; if you want to become a day trader, try but you better be dedicated to it If you think the price is going to go up in a few months, buy now! |
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Wow an other bullish news in a kind of bearish market, bearish short term but bullish long term |
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Ils commencent a etre chiants les chinois avec leurs infos pourris Si la chine pouvait faire faillite comme gox on serait peinards dans le monde du BTC  Pour l'instant ils jouent à faire des annonces à la con car ils ne savent pas où ils vont. Ils vont tous se manger un mur très bientôt. C'est fatiguant mais ça va probablement finir dans un sens ou dans l'autre ou les autres événements vont reprendre le dessus Chaque fois qu'on rebaisse je me dis qu'on se rapproche du moment où on aura assez testé le plancher du marché, ceux qui croient dans le Bitcoin en profitent pour en accumuler comme d'habitude |
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my grandma says it will come by the end of year to 4789 USD
10x increase in 8 months? That is really hard... its not bad but right now its going down and I think in next few days it will more down Yup, the price is going down because China is banning bitcoin AGAIN lol. Its not right its just rumor China Central clearly announces few months back they are not going to ban this bitcoin But people are still worried and panic-sell... It has been going down coming back up a bit then down again for months; I see lower prices as a buying opportunity knowing that it can go lower before it resumes the bull market; I feel each time we go down again we are getting closer to resuming the bull market; 2014 will probably not be the first down year for Bitcoin |
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So tired of the "intrinsic value" argument (as if fiat currency has intrinsic value). What does have intrinsic value? Gold, silver I guess because of the time, effort and costs of producing them. What happens if major, easy to retrieve reserves are found someday? What happens if governments decide to tax the hell out of gold and silver so much so that nobody wants them anymore?
Value is whatever someone is willing to pay for something, plain and simple. If you have a house that some bureaucrat appraises at 10 million dollars, yet nobody wants to buy it from you, your house is effectively worthless. If someone wants to buy a Bitcoin from you for $500, it's value is $500, regardless of whether it is "intrinsic" or not.
While I understand emphasis put on intrinsic value (by some), it is easy to dance around the intrinsic value argument and draw convenient conclusions for or against bitcoin. As a buddy put it to me, fiat has no intrinsic value other than the cost of paper/metal making it and the fungibility as legal tender (a little bit of a naive argument but nonetheless revealing). Bitcoin is really new and that newness, and lack of understanding it, can cause all sorts of anxiety before people accept the concept. Sort of like when email was introduced - some were anxious about moving from tangible letters to an invisible thing. The argument can be made to those saying you cant touch BTC, that email is the same way, unless you print it, you cant touch it. That said, I recognize the complexity of this debate spanning many disciplines (economics, cryptography, banking, sociology, political science). +1 We used to back fiat by gold which is hard to dig up. Since fiat is no longer backed by gold it is turned into an IOY of the government with no actual value. Bitcoin uses a complex math problem to back the currency which is a different type of work. Talking about how hard it is to dig for gold is more easily explained to average Joe then scalar division of a point on an elliptic curve which is confined to a fixed domain using a modulus function  . People need to accept bitcoin as "secure" without having to understand the concepts behind it. Like driving a car without knowing how a combustion engine works or sending mail without understanding TCP/IP. People also like to hold something. I myself feel better with a bar of gold in my safe instead of a 53 char private key of a wallet with the equivalent value loaded. We need to learn and accept bitcoin. It's all a matter of time. While I agree with you in theory, I do think the average joe needs to understand bitcoin. For example, I try to explain bitcoin to my family members and they tell me they don't understand it. When they imply it has no value, I mention that the value is in the utility (no double spending, secure network etc). I think if people understood exactly what bitcoin was and if they truly understood how fiat actually worked, maybe they would invest. People don't understand fiat money but they use it anyway Bitcoin has to be adopted without the power of force so people need to understand the utility or see that everyone uses it and it is convenient |
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Welcome; the bridges between Bitcoin and the real world are increasing everyday
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we will be having a "lazlo pizza party" on the 22th with my local meetup group Great idea this. I still feel sorry for this guy though! No matter of feeling sorry because this happen 4 years ago and then btc was just in single digit and no one thinking this will touch 1000$ in future  Actually May 18 2010 the price wasn't in the single digit at all, it was way less than 1$; the pizza is setting the price at 30$/10,000=0.003$ Mtgox only appeared 2months after and you could get a bitcoin for 4cents, it seems overvalued for most at the time EDIT |
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It sure feels as if it's taking too long to me; since I became involved with BTC it has only gone in one direction & that's not the direction I'd like! But I definitely don't regret buying & I'm in it for the long term.
Patience is key. It may hover around in the 400-500 range for another year or more. Compared to traditional investments bitcoin's rise in the past is already stellar. A sideway trend with low volatility will help infrastructure development which is really needed. ya.ya.yo! I would bet it will not hover around 400-500 for 3months, it was at 350 a few weeks ago, remember? If it was at 3000$ for 2weeks you would say it is going to hover between 2900 and 3100 for another year or more It sure feels as if it's taking too long to me; since I became involved with BTC it has only gone in one direction & that's not the direction I'd like! But I definitely don't regret buying & I'm in it for the long term.
Patience is key. It may hover around in the 400-500 range for another year or more. Compared to traditional investments bitcoin's rise in the past is already stellar. A sideway trend with low volatility will help infrastructure development which is really needed. ya.ya.yo! A sideway trend with low volatility is boring, but can be really healthy long-term. The price volatility has been excellent for Bitcoin because it has attracted a lot of people that want to profit from it + it is fun like you said |
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did someone lose a shoe right there in the middle?
Haha nice call I don't understand OP post anyway |
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315,831 bitcointalk users now Somewhere I saw a chart showing the BitcoinTalk growth over time, anyone know where that chart is? You may find it here http://www.bitcoinpulse.com/EDIT : http://www.bitcoinpulse.com/chart/bitcointalk/num_members/totalWell gosh I'm honoured. A little late to the party maybe, but honoured nonetheless.
Last active : October 02, 2013, 10:31:24 PM He stopped going on the forum right before the huge November 2013 spike up in price |
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When those who use their PC/laptop only for email/Skype/browsing will have a simple way of using it (and trust it also) - then BTC will go over $10000.
I think the faith in fiat currencies in the US and EU have to go down as well |
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This thread is very useful but now many peoples going against these signature campaigns because too much spamming and most of talk useless
Yup, I'm afraid we might see an abrupt end to this. Is there is any thread shouting against it in recent times..? I would like to hear what others have to say..! Well when there are they're in Meta, so just check there, but it's always the same argument from both sides. They talk about it here https://bitcointalk.org/index.php?topic=484259.0I think it would be a bad idea, you can disallow signatures if you don't like to see the sig ad campaigns! I disagree that fighting spam is that easy though this forum has already provided many tools to fight spam, if you think someone is spamming you can just report him to mods and put him/her on Ignore list. They delete tons of spam messages everyday, the spam encountered because of the sig campaigns is only done by a few members that post uninteresting answers, it is spam only in the sense that they would not have post it if it wasn't to get money |
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Augmentation des aides pour les pauvres => augmentation du nombre de pauvres Augmentation de l'intervention de l'Etat => augmentation du pouvoir et de la richesse des plus riches car ils sont plus proches du pouvoir, exemple : QE de la FED enrichit les plus riches La liberté d'entreprendre et la concurrence ont permis à des milliards d'êtres humains de sortir de la pauvreté Plus d'infos sur notre monde https://www.youtube.com/watch?v=znpjVWNjym0 |
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The idea behind intrinsic value is a joke to make fun of the masses.
It reminds me of the discussion between Peter Schiff and Molyneux : https://www.youtube.com/watch?v=p3v_7iHtyQkFiat currency has been invented to fix the economy to profit the mens in power, the big banks and fund wars |
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Over the past 4 months this is the first time it came back to it's start price after it "crashed". I think that is something to note.
1200 > 700 back to 900
900 > 600 back to 700
700> 450 back to 600
600 > 400 back to 500
500 > 350 back to 500
Something to note IMO.
These are really rough numbers but the idea is all that matters.
There is a pattern but some argue that when it comes back to 900,700 ect. it is a bull trap since it still goes down after Next 500>290>3500? or 500>290>420>.. |
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