yes. or it could be $2 or $200,000. most experts were predicting $4000 plus for 2014. that didn't quite happen. 2$ won't happen either. Reason being the difficulty in mining and the associated costs of producing a coin: Bitcoin Difficulty: 286,765,766,821 Estimated Next Difficulty: 309,172,039,310 (+7.81%) Adjust time: After 1105 Blocks, About 7.1 days Hashrate(?): 2,237,224,131 GH/s All these mining data centers, are multi-million investments... A turd that costs 2 billion to produce isn't necessarily worth 2 billion... |
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looks like $780 is all but done now ... cut your looses shorts.
$800 next stop.
780? 770 is resistance. You're assuming the bulls will blast through that? Or maybe you're looking at a different exchange than the ones I look at? any genuine exchange is trading >$780 spot price ... fake coins and futures exchanges are only sometimes indicative of real deliverable coins prices, sometimes they catch up Bitstamp, bitfinex and btc-e are all fake? |
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For someone who isn't a miner or computer wizard like myself this is tricky to understand. So it may NOT be activated? IIRC LN is possible without Segwit, but it is a lot more complicated to create that way. |
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I was astounded that so few people entered given that it is both fun, potentially lucrative and easy.
Thought so too. Maybe the rules were too complicated? If there's enough interest in it, I wouldn't mind running another one. I would certainly be up for it :-) . I thought the range guessing was a very interesting setup, but just guessing a price would be easier. |
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Most bullish chart ever. Breakout after 3 year consolidation.
Not a double top.
It is an extremely good-looking chart indeed. Now if you could all act very pessimistic and gloomy about the price (and activate Segwit), that would be the icing on the cake  . - I highly doubt segwit will activate.
Definitely an option in my book. Core seems uncompromising in its attitude, and a decent amount of bitcoiners seem opposed to them, so 95% seems like an unlikely target. Quite a shame though, bitcoin could really use all the innovations that an activation would enable (I know you might disagree). The most likely outcome seems that development will be stalled for a substantial time, which is not a win in my book. People paying for their pizza with btc would give bitcoin a positive vibe, a larger userbase, and thus more political clout. It would, just look at the huge opportunity that is being missed right now with the cash money-debacle in India. An altcoin or multiple altcoins will fill that hole, as BTC development is just too slow and not really focussed on making BTC a viable option for low value transactions. BTC will just be the settlement layer for higher value transactions (hopefully). If lightning works as promised/thought, then plenty of low-value transactions would be made with btc. |
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Most bullish chart ever. Breakout after 3 year consolidation.
Not a double top.
It is an extremely good-looking chart indeed. Now if you could all act very pessimistic and gloomy about the price (and activate Segwit), that would be the icing on the cake . - I highly doubt segwit will activate.
Definitely an option in my book. Core seems uncompromising in its attitude, and a decent amount of bitcoiners seem opposed to them, so 95% seems like an unlikely target. Quite a shame though, bitcoin could really use all the innovations that an activation would enable (I know you might disagree). The most likely outcome seems that development will be stalled for a substantial time, which is not a win in my book. People paying for their pizza with btc would give bitcoin a positive vibe, a larger userbase, and thus more political clout. |
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Most bullish chart ever. Breakout after 3 year consolidation.
Not a double top.
It is an extremely good-looking chart indeed. Now if you could all act very pessimistic and gloomy about the price (and activate Segwit), that would be the icing on the cake . |
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Chart is lookin very pretty.
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Congrats windjc ! And thanks again for the game Oda, it was quite generous. I was astounded that so few people entered given that it is both fun, potentially lucrative and easy.
I knew I was being optimistic, but I figured I needed to carve out a niche. Maybe in a few months ;-) ?
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Bitcoin is too fragile to be used for 'global economic unity' or anything like that. Try to think in a timespan of beyond 20 years in which it will definitely be hacked/cracked by then or they will find some way to keep the network from functioning in some way or the other. In a best case scenario, we briefly touch something like $20,000 in a speculative bubble before crashing. That is the play here.
Maybe so, but maybe not. Let's find out shall we? .......... .......... Goddamn this is taking too long ! |
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nope. if someone had the private key the only thing that means is that they have satoshi's private key. they could've found it, been sent it, bought it, tortured it out of him. anyone on the planet could do that.
that doesn't prove you're satoshi by any means.
by extra mile i mean providing research and evidence you'd been looking into bitcoin's creation for years before.
 2017, the rise of the Hobo Empire... |
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Please discuss development related stuff elsewhere, this thread and the section should primarily be about price talk. There is a Segwit thread in this very sub-forum. Well yes, but atm Segwit is a major component of the price action (in my assessment anyway). |
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I am actually also not very bullish for the short-term. We went up fast and hit resistance. Some consolidation (we might not drop a lot though) is in order before we go to Mars.
Geez, we have gone up like $70 over 11 days. That's not "going up too fast" You acting like a little girl now. You were saying? Edit: btw, I bought back in again, even though this correction might go lower, the upside potential is too big to take the risk. |
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so, you closed your long at 740....you short again? I am, but feeling like maybe its not worth the risk right now
I actually shorted pair ETH/USD. Why? Because I expect BTC to move up and ETH down. Then you should short ETH/BTC |
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well i miss those old guise. glad you're still around molecular.
this is some serious old school moonage we got going on here.
At least NLC is gone too...for now (or is s/he?)Was too busy trolling Reddit as Mistaik. |
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I am actually also not very bullish for the short-term. We went up fast and hit resistance. Some consolidation (we might not drop a lot though) is in order before we go to Mars.
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Now that i think about it, there are really new people want to in. We are just so used to all the "fake good news", we can not fathom the possibility, that there are really a new wave of users/speculators. Two of my friends asked me this week how to buy btc, even though i was telling about it for alas 2 years by now. Weird. Is there some MSM article/policy change i've missed?
I know there was one MSM article translated here in my country which mentioned bitcoin as a "independent safe heaven asset", but still.
It's a time effect. At first people think Bitcoin is interesting, but too weird to be for real. Then after they forget about it for a while and they rediscover it, seeing that it is still thriving, they believe it just might stick around, and they want to get in on the action. Time makes things go from too strange to be true to business as usual. |
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Lots of alts in the shitter today.
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Yeah, best case scenario would be to hover @ 680 for at least a few days. Better to keep the staircase going for as long as possible, in order to start the parabolic spike from a higher platform. But there is no global coalition mandating that we all just hold hands and agree to only buy a little instead of a lot. Too many folks like me (all in and on leverage, and sometimes adding to their positions on the way up). I closed my leverage long for a very minor loss a few hours before the upmove began in earnest. I will feel more at ease if Segwit is able to activate. Of course, everybody might be thinking the same or by then it might be too late already (buy the rumor sell the news?). I am ok with missing out on some profit though. I have learned that I make the most mistakes when I want to squeeze every drop of (imagined future) profit out of my trades. |
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I disagree. Why would I as an individual hold anything else than the deflationary kind of money if it is equally easy to store and spend it as the inflationary type. Because modern societies don't like prices floating all over the place due to a fixed supply monetary base. It makes it impossible to plan and you'd have loads of manufacturing businesses, for example, simply going bust. Even if you did have a fixed supply they'd just invest in a huge amount of hedging derivatives to minimise their exposure to price volatility and that would inflate the effective money supply instead. As economies expand, demands for liquidity have to be met. They can either be met by expanding and contracting the money supply (and keeping prices relatively stable) or by price inflation - which will just carry a similar cost in terms of adverse commercial conditions, bankruptcies and localised losses. If you're a car manufacturer, you're more interested in the "stable price" type of money. If you're a long term saver then you're more interested in the "stable supply" type of money. There have always been these two types and always will be. Thanks for the reply, I ll have to think this over. |
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