|
This was interesting, 50% out of very few, believes the price will go down to around $0.75.
Including me.
|
|
|
|
|
There are 7200 New coins each day.
The chart methods you use are probably not adapted to such high inflation. They are probably not made for inflation at all.
|
|
|
|
|
99.9% A fraud in my book.
I might use your service in one or two years if you are still here by that time.
|
|
|
|
|
You need a great headline.
Something that makes people curious.
|
|
|
|
|
Yes, but how can you be sure, that if you have three or even 20 services like it, they are not all controlled by the same.
Because, if you make one, it will be easy to duplicate it and put under another name.
You will need some trusted thirdparties.
|
|
|
|
|
There is nothing wrong with that design. Its an experiment and if we would have been able to halt it. Everyone would have wanted to do so to make their coins increase in value, 21 million coins is not that many.
Though a lot of people went in without really thinking about the amount of coins. But people will learn and unless its forbidden all over the world it will pick up in 5-6 years. When there are only 12,5 new coins.
|
|
|
|
Priced at 1 or 2 or 5 EUR will not save the bitcoin. Let me try to make this as simple as possible and paint you a simple picture. Lets say you mine for sand and no one in the world uses this sand. Is your sand worth something? NO, it is not! You can say: "Oh, but I used a big and really expensive excavator for digging! Wasted assloads of diesel fuel etc" So what?! It makes your sand no more useful and it adds no _value_ to it because cost IS NOT value. Lets say now, you drop the price of your freshly mined sand to 10 but your sand is still useless. It has no real use in the real world. Now you panic and drop the price to 1. Can this sand be now be used in the real world? Nothing has changed so answer is NO. As you can see, lowering the price of something, that has no use, will not create value to it. What makes this whole story even more absurd is this, that you keep mining. Buying bigger and bigger excavators and wasting more and more resources. Your sand is still useless. What to do? How to fix this problem? Only way you can add to your sand is by figuring out a way it can be used for something useful. Something that real world needs and can actually use. I started a new thread for this: https://bitcointalk.org/index.php?topic=42027.0You are comparing apples and oranges. Everyone can get sand, there is no limit to the amount. Fact is, nice sand is valuable since a beach with it attracts tourists. And you are also saying you dont know what you can use Bitcoins for? So instant worldwide anonymous transactions with record low fee. Is not useful to a lot of people? Or knowing that noone can print more money than a set limit is not useful. There are also over the counter payment solutions on their way. |
|
|
|
Some advice from the worlds most successful investor could be in place as people buy high and sell low. - Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the
stock market Bitcoin market. - Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.
- Be fearful when others are greedy and greedy only when others are fearful.
- Do not take yearly results too seriously. Instead, focus on four or five-year averages.
(Invest longterm.)
|
|
|
|
|
They look really sweet! Definatly want some.
|
|
|
|
I think this should answer any questions that you might have regarding the issues bitcoins are having. http://www.flexcoin.com/calc/I'll put it in the standard flexcoin template later today. This is something that everyone needs to have to fully understand what is going on regarding the creation of bitcoins. I figured it would start a serious debate, but facts are facts... and that formula is a fact. the fact is that we need 1.5 million dollars a month pushed into the system or else it will go down from current rates. Lets say we will have 10 million Btc in a year. Each worth $6. Thats $60 million. Now its sounds much but It only requires 200.000 to believe in Btc and each put in $300 thats it. Now the price sounds very easy to hold and achieve. Even if there are only 100.000 guys who believe in Btc, some of them will buy much more than $300 worth of coins. And a couple of month ago there were around 60.000 who had accounts at Mtgox. Now since then there are atleast two chinese, a canadian, a british Bitcoin exchange. So a price of $6 should be easy to hold if the markets thinks its worth it, considering how revolutionary Bitcoins are. |
|
|
|
|
Why do you want to teach us?
Whats in it for you?
Affiliate?
If it works good why dont you keep it a secret?
No need to give me any Btc
|
|
|
|
Looks like buyers are in their starting positions, it hasnt looked this good in a long time. We might se a rally.  |
|
|
|
|
Very interesting.
I wonder what would happen to mining Bitcoin. Would it be illegal if Bitcoin was money? In some places yes.
However Bitcoin is not money, if bitcoin is money than it will also mean that it would be illegal to print limited edition art, since those could also be traded. It would mean that anything that is in limited edition would be illegal since it can be sold and bought/exchanged for money.
Even comicbooks are traded. Are secondhand comicbook shops illegal?
|
|
|
|
Strange how mybitcoin.com just went offline. 404 Not Found
The server can not find the requested page:
50.61.240.200/proxy/errors/404/ (port 80)
Please forward this error screen to 50.61.240.200's WebMaster.
404 error page shows it is hosted at Arvixe <h1>404 Not Found</h1> <p>The server can not find the requested page:</p> <blockquote> 50.61.240.200/proxy/errors/404/ (port 80) </blockquote> <p> Please forward this error screen to 50.61.240.200's <a href="mailto:servers@ arvixe.com?subject=Error message [404] 404 Not Found for 50.61.240.200/proxy/errors/404/ port 80 on Tuesday, 30-Aug-2011 22:00:07 PDT"> WebMaster</a>. </p> <hr /> Wait, I've seen that somewhere... Of course, this is where OnlyOneTv is hosted! Whois Server Version 2.0 Domain names in the .com and .net domains can now be registered with many different competing registrars. Go to http://www.internic.netfor detailed information. Domain Name: ONLYONETV.COM Registrar: ENOM, INC. Whois Server: whois.enom.com Referral URL: http://www.enom.com
Name Server: NS1.RAVEN.ARVIXE.COM
Name Server: NS2.RAVEN.ARVIXE.COM Status: clientTransferProhibited Updated Date: 15-aug-2011 Creation Date: 15-sep-2010 Expiration Date: 15-sep-2012 Bruce, you are a magnet to unfortunate coincidences. All this proves to me is that someone is deliberately trying to make it look like mybitcoin.com is hosted at the some place as onlyonetv.com: Someone changed mybitcoin.com to return a redirect response to the ip address where onlyonetv.com is hosted. I didn't want to get involved in this thread, but felt this needed to be pointed out. Why would someone do that? And than who could have done it? |
|
|
|
|
Are the methods for analyzing the charts made for something with this kind of inflation?
|
|
|
|
Here's my prediction. At some point in the coming days/weeks we'll "rally" back to around $10. This will seem very positive and will be accompanied by predictions of further upwards movement. The price will then begin to lag into the 9s where it will stabilize for several days. We'll then see some drops that test 9, followed by stabilization right around 9. Sentiment will then begin to trend toward negativity again, and not long after that the price will turn sharply down again and reach new lows for the past couple months. To get an idea of what will happen after that, just re-read this paragraph but replace all the numbers with lower numbers. Repeat.
It sounds reasonable, typical behaviour of a bear market; we need new investors otherwise this bear market will never end, eventually it will slow down (repeating the pattern you described) and it will gradually approach 3-4$. At that point even long term investors and early adopters will be very worried and if nothing happen they will probably lose interest pushing the prices under 4$, down to 1$ or so. Not many would sell at $1 since they know price can go up to $30 and it would be to big loss for many new investors and even miners. For each platform, the time for the next fall will get longer and longer. And it will probably stabilize at around $3-4 It depends on if there is a slow slide or there is a major panic. But I would think that at those prices and below its a great investment and so will probably many causing the price to start go back up. |
|
|
|
I don't think bitcoin can be described as a pyramid scheme. It's more like a dotcom stock in 1999. There's a lot of hype, a big push towards the 'new paradigm' by supporters and those with vested interests, and very little real economic activity to support it all. The dotcom bubble didn't burst because it was a pyramid scheme. It burst because people opened their eyes and looked at why they should keep investing in it. They saw nothing, and left in a mad rush. Bitcoin isn't like a stock because it doesn't generate revenue. The speculation end is a zero-sum game. I agree about the "lot of hype, new paradigm talk, very little economic activity" part. It has potential to "generate revenue" by avoiding taxes and Fees. Though there is 7200 new each day! If you would stop the amount of new bitcoins generated now it would not go lower. But right now Investors need to put in $7200 x8 each day to keep the longterm value above $8. Even if miners would only sell half of that. $7200 x4 is still plenty of money to get into the economy every day. |
|
|
|
|
Show Posts
