How low can this possibly go? I'm thinking 160ish
I would speculate 180'sh . Because if it goes to 160, then we are definitely going to see a more lower point after that. Yep. Tons of stops are placed at 200$, market is still in despair phase, testing of even 140$ is highly possible now. Yes lets totally ignore the fact that the dumped coins were borrowed (levereged shorts) and even if they could come up with just another 30% downpayment to dump again, they can't cause there are only about BTC3k left total on finex. Oh i'm sorry another newbie predicting the doom and gloom of BTC without anything to back it up, on ignore list you go Better sell now, else you will be panicking below 200. Btc is very bearish, just look at the candlesticks - hammers on daily, 3-day, weekly and nobody is buying. Why the hell do you think we are again at 200 and not above 300? Why the hell do you think all the trolls come out when the price gets near to breaking out from the down trend lines? The tape is being painted and it is being walked down ... the idiot TA traders, chart followers and weak hands fall for it every time. At some point though the real bitcoin supply dries up and it doesn't matter what the charts are saying, they are all gone ... short that shit and you're dead. |
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Easily resolved by lowering the difficulty. Next. Did you look at the graph? Difficulty has never gone down significantly, at worst it plateaus ... so, you and who's army? Next. |
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The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
The actual cost is around 90$, for some miners even less. cost ... reading comprehension problems? |
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The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
How did you get this figure of cost of production?  |
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The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
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At a minimum, it was unprofessional for Coinbase to be rocket/lunar hyping the pump (return of the Gox willy bot anyone?) and sowing confusion with vague statements regarding the licencing/regulated status of their new exchange operations.
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trolls can relax, scaling is a solved problem, and has been since mid-2011. Implementations are now coming into public domain, just as the market demand arises.
Off-chain payment channels, incl. blinded hub-spoke, are an elegant, cheap, fast, privacy-enhancing mechanism that has as good security as full btc TX by essentially aggregating many TX into a single daily/weekly/monthly on-chain settlement TX.
Side-chains are a side-show that wont be effective for regular TX (too complicated), maybe useful for more exotic derivatives, smart contracts, stock-trading, bonds and etc, but do not let them be a distraction in the scaling 'debate' (which is over now in knowledgeable circles).
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Luckily, on a bitcoin forum, it is highly unlikely anyone would have serious savings in Brazilian reals. yea, you are probably right. Brazilian Reals look like a complete Amway product hype network marketing ploy, can't believe anybody would have fallen for them, I mean where's the technological backing? Once the Brazilian goverment runs out of new marks to foist debt onto the whole thing will implode on itself. |
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a bitcoin exchange on the scam? nah, couldn't be could it?
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when its comes to financial security people will always pay premium for brand Not integrity? By that logic, we'd all be using mainstream banking, credit/debit cards with Norton Internet Security Suite on brand new Windows 8.1. ummm, most people are ... and I agree that it is not logical. Bitcoiners are a discerning bunch seeking integrity, in the vanguard of what will become the premium brands. By definition, most people involved with bitcoin before now are trend-setters, not followers. |
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You would come across a lot better if you dropped the insulting attitude BTW
... just dressing for the occasion. I didn't create the cesspit this place has become. |
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 good call slush/stick ... in the long run, when its comes to financial security people will always pay premium for brand ... e.g., swiss banks, old money funds, etc.
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NYSE having some lulz at the 'regulators' expense most likely. It is not even clear in law what 'license' is necessary to trade distributed database rights accessible only by privately held cryptographic keys. |
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Its hilarious how quiet this thread goes when the price is rising compared to when it falls $10. Just trolls left = confirmed.
10,000 pages ago there actually were interesting posts where people were really analyzing TA and tossing ideas around. Now the best we have is TL;DR walls of text from concern trolls. Lately they've been coming for /r/bitcoinmarkets too. It's pretty bad. I'm not going to post any TA unless newbie jail is brought back. This is the most popular thread on the forum and quality posts get shit on day in and day out from these shills with nothing to contribute. I don't think the newbie jail will change much. These are economically motivated posters who are being allowed to deliberately deface the forum and discredit bitcoin in any way possible. They state openly they want to destroy bitcoin and then proceed to do everything in their (limited) power to bring that about. Posters that have previously been banned from the forum (Atlas and Goat spring to mind) were orders of magnitude less offensive (I found both quite entertaining and interesting tbh). These guys are just cretins who have zero to contribute, their 'criticisms' are the usual baseless lies, FUD and misinformation that have been thoroughly refuted here over 4 years ago, yet all they do is repeat the same ad nauseum (a tool of propaganda). I've seen exactly the same modus operandi on other investing sites, which apparently bitcointalk has become in parts, and they will destroy this forum if they are allowed to run amok as they have been so far. They should have been banned long ago ... theymos and mods need to grow a backbone and realise what is happening, and soon. |
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