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From miners' morals to minor morale.
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I should say that come Nov when the rewards are halve, the prices of Bitcoins are sure to go up. Supply down by half, prices 100% up, however it can reach $20
The supply will not be down by half. Production will be down by half. The day after the reward halving there will be basically the same number of total bitcoins in supply as there was the day before. Again, people are underestimating the moral impact this will have. I am pretty sure that $10 will be easily reached come Xmas 2012 ! For now, I think $8 or $5 is reasonable, seeing as we had $7.2 this year. Moral impact? This isn't a moral issue. We're just dealing with ordinary facts here. (1) The block reward will drop from 50/block to 25/block. (2) The total supply of bitcoins on the market will not drop by half when the block reward changes. (3) The total supply of bitcoins on the market will be essentially the same the day after the block reward change as it was before. I can't say exactly how the market will respond to the change when it happens. I do think it's being priced in already. I don't think it's a sure bet that the price of bitcoins at the end of this year will be much higher, or higher at all, than the price right now. My guess is that the price is going to go higher than it is now and that at some point this year we'll have reached the top of another bubble, which I think will subsequently pop (since that what bubbles do). My guess is something like $6-7 bitcoins at the end of the year, even after the block reward change. I know that doesn't seem like much, but that would still be a pretty damn good return, assuming enough liquidity. |
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I should say that come Nov when the rewards are halve, the prices of Bitcoins are sure to go up. Supply down by half, prices 100% up, however it can reach $20
The supply will not be down by half. Production will be down by half. The day after the reward halving there will be basically the same number of total bitcoins in supply as there was the day before. |
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why down?
I guess he's assuming that you told your horde that the price is likely to go down. |
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Look at the curves up close they look too neat, auto generated.
I will wait, its going down already.
The manipulator wanted us to buy at 5 and now he is pushing it down again or he failed.
I will wait at 4.87 or so - then sell when he pushes it to 5.1 or something.
Real BTC val is around 4.8, been pretty stable there.
Why should there be a sudden rush to 8?
Is some country using BTC now? No, the fundamentals are the same.
Real BTC value is less than $0.50, duh. |
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damn i am losing income  No you're not. |
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/facepalm
Its a little early for that. one of us will be disappointed yet.  In case you haven't figured it out yet, myself is the manipulator. |
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Probably, we should dip back to below $0.50, I think. No?
3.5 No, no. Definitely not low enough. |
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But then when we get that low we need to go even lower, I think.
We push ourselves to the end, and when we reach it, we push farther! So I guess that's not really the end...is it? Probably, we should dip back to below $0.50, I think. No? |
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You're saying the shape/slope of the curve doesn't matter as much as the value of the curve?
the shape is not the same we need to go lower in order to get similar shape But then when we get that low we need to go even lower, I think. |
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I'll be interviewing applicants to fill this troll void.
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@proudhon you dont like abcde ?
I love it. |
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@waveaddict a simple question(i dont pay you...yet): in your charts do you see the next wave down ? because for me if this continue it looks like that  lol |
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Have u considered, that there COULD be something wrong with btccharts.com ?? Yeah, this can't be right. |
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that order is not fake
post about how fake are big order on bitconica go below
from the bitcoinica order book, which I have given all hope on ever understanding btc/usd bids $4.93 300000.0 15 300000.0 btc/usd asks .. $4.85 14450.0 1 15250.0 $4.87 50015.0 4 65265.0 .. $4.90 80123.1 10 145456.1 .. marked I don't really get it either. I mean, WTF?  |
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UP?  it only take 100k USD to get at 4,95 I know. Isn't that awesome! |
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 . AAPL is too big to fail!! The only problem with AAPL products, is that there is a finite number of people on the planet Who, if they're fulling on board with the Apple craze, will feel compelled to upgrade to the newest Apple product every year to every other year. |
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I maintain that this is an essentially trendless market... Believe me now?
+1 |
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