What about growth in existing markets?
If we look at previous bubbles, after a month or two of roughly exponential growth, and another month or so of oscillations, the price usually settled down to a nearly constant value. I take that as a sign that the markets responsible for those bubbles were saturated and stopped growing. Maybe they started to grow again this year, but I have not seen any real evidence of that. (Neither the number of stores that "acecpt bitcoin", nor the blockchain traffic, nor the venture capital investments imply growth of any market.) All the charts on blockchain show very steady growth, transactional volume is up 300% since this time last year. Number of transactions is all time high, as is daily wallets used |
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372,524 members
215 registrations per day
208 of those are fallllling though! |
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Can't decide whether to take a nap. How important are the next 24 hours? Serious responses only, please.
Without the next 24 hours, Tuesday would be severely compromised, and Wednesday may have to be rushed into service before it is fully tested and debugged. I don't know how much you care about the orderly passage of time, but that seems pretty serious to me. Well, sorry, but it looks like no one has a serious response to offer...I LOL'ed |
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Reanimating
Sorry, never de-animated. If only you "sexy senior citizens" knew how revolting that is to the rest of us. I remember being on the West Coast for the first time, driving the coastal highway with my (still recent) GF. Pulled over for a walk on the beach as the sun started to set. Stuff Harlequin Romance is made of: Sunset, walking barefoot down an empty beach hand-in-hand, love, thinking we're the only ones who matter in the whole world as we came onto a cove. ...With fricking aging naked hippies playing Frisbee, tits and dicks flapping all over the place and the fuckers start grinning at us, they throw us their frickin' Frisbee! Ugh. Just please, NO! you're a bit uptight aren't you? D00d, a whole rest home's worth of naked old people, do you understand what I'm saying to you!?! This weren't just some gangly teens or just homely adults--I'm talking flapping, sagging, swinging, shameless frickin' old hippies! Playing Frisbee! And grinning at us like it's not even the grossest thing in the world! well i'm not saying i would go out of my way to see that shit....... just that when i'm that age, that kind of shit is exactly what i plan to be doing |
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Reanimating
Sorry, never de-animated. If only you "sexy senior citizens" knew how revolting that is to the rest of us. I remember being on the West Coast for the first time, driving the coastal highway with my (still recent) GF. Pulled over for a walk on the beach as the sun started to set. Stuff Harlequin Romance is made of: Sunset, walking barefoot down an empty beach hand-in-hand, love, thinking we're the only ones who matter in the whole world as we came onto a cove. ...With fricking aging naked hippies playing Frisbee, tits and dicks flapping all over the place and the fuckers start grinning at us, they throw us their frickin' Frisbee! Ugh. Just please, NO! you're a bit uptight aren't you? |
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Number of transaction excluding popular address continues its relentless march higher, another month and it will hit all time high
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Number of unique bitcoin addresses used per day is now at all time high
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Anybody think gold will ever hit its all time high again. Charts look like twins
idk gold was pricing in a zombie apocalypse... honestly expect gold to lose a lot of its speculative value to bitcoin in the coming years. silver is a far better choice for long term value store, for many reasons. but i expect both this things to perform horribly for a little while longer looking for 12$ silver! yes thats why central banks around the world hold 1000's of tonnes of gold and 0 tonnes of silver. Gold is money. Silver is an industrial metal. Commodities that are used in industry make terrible money |
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Why the fall?
Because of mintpal?
because people are selling after a 40% rise in week? |
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You clearly don't know what someone like Neil Strauss or Nick Savoy actually means by "game," and I take issue with basically every single point in your post. But if you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.
Don't be sorry, you'd be wasting your time, because I know enough about this shit to know something you either don't understand or are in denial about: the whole fucking thing preys on men with low self-esteem to get money out of them. "Don't be an AFC, faggot! Pay us money or be a loser who never gets laid!" Meanwhile, they turn you into a douchebag who thinks women like men who treat them like shit, and that nice guys finish last. I got news for you, only the psychos like being treated like shit (and you definitely don't want any of those), and nice guys don't finish last, only guys who let women walk all over them do. The problem is, men with low self-esteem equate being nice with being a kiss-ass and a doormat. Truly self-confident people don't take anyone's shit -- without having to be talked down to by some fuckface in a fedora and hand over hard-earned money to these assholes, and without having to become an asshole, themselves -- and they are respected for it. The guys that use this shit score with a few lunatics, get fucked up in the head by said lunatics, which makes their self-esteem plummet further, then they cry all over the place about how "all women are bitches and they deserve this shit." It's a never ending cycle that these PUA marketers RELY on to get you to keep handing over money. +1 "game" is a good way for ugly desperately insecure men to pick up hot desperately insecure women. Not a way to find happiness, but hey, if you're butt ugly, it can be good for your self esteem to fuck a hot women on occasion. I think the whole thing came from watching sociopaths go about their business. |
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so with the alleged DPR trial not far away, what effect will a few hundred thousand BTC being auctioned off in the next few months have?
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http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason. "Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives. That’s what I’d do if I had 30,000 BTC right now and I bet you would too." The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day. He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300. Perfectly reasonable explanation. He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens. I agree this is true, it turned out that this was no manipulator but a mere fool who wasn't patient or experienced enough to split his selling upon multiple markets and over time, in addition to selling into a short-term highly depressed price. Yet you have to ask yourself where all this buying pressure came from that devoured 30k BTC @300. Hint: It involves cheap coins.a mere fool with 10 million bucks or so in the bank. I expect he can sleep Ok tonight despite your poor opinion of him. Even if his accumulation was down to luck rather than brains ( which i don't concede ), yet more proof you are better off being lucky than smart. |
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Us Government selling DPR's coins to crash the dollar competitor? When it comes time for the auction they could just pretend they sold to some shell corporation.
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Good morning people... Hope not all of you has SODL yet.
haven't sodl...... feel a bit sodomised though |
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This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.
It's even not certain that a dollar collapse would necessarily boost Bitcoin. There are some assumptions and some hints, but it's not that certain as some people say. Regardless of whether it does or doesn't, if the dollar collapses everyone in the west is going to be a lot worse of than before..... no matter how many btc they own |
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Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status. As the recent fall in BTC is directly correlated with USD strength, this is possibly bullish for BTC as we may see the USD weaken on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge. Watch for a turn around in $ ... https://www.tradingview.com/v/KcWtJSaK/Interesting times. You do realise you can't be a creditor nation and be the reserve currency at the same time yes? For Renimbi to achieve reserve currency status China would need to run massive deficits, which i don't see happening anytime soon. yes indeed. however this article from 2013 is interesting, talking about US current accounts possibly being positive at some point in the near future http://www.businessinsider.com/renminbi-soon-to-be-a-reserve-currency-2013-9Good article thanks |
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whilst I agree with a lot of what that says, the undeniable fact remains that the US has achieved massive growth during the last 100 years, and indeed even the poorest people in the USA live enviable lives compared to people in other countries.
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the previous peak was also an quick exponential rise from a much lower base. This time it has been a steady increase more in line with trend, not a quick peak.
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Long term this is bearish for the dollar. It will contribute to the fall of the Petrodollar and the rise of the Renimbi to full reserve currency status. As the recent fall in BTC is directly correlated with USD strength, this is possibly bullish for BTC as we may see the USD weaken on this news. The cynic in me thinks this may actually explain part of the recent run-up in the dollar ... a pump and dump by the big players with insider knowledge. Watch for a turn around in $ ... https://www.tradingview.com/v/KcWtJSaK/Interesting times. You do realise you can't be a creditor nation and be the reserve currency at the same time yes? For Renimbi to achieve reserve currency status China would need to run massive deficits, which i don't see happening anytime soon. |
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As of this posting, the distribution of votes is perfectly symmetrical! It seems I don't know is the most popular answer, as it should be  And to answer the OP, I think price is significantly behind new infrastructure, businesses, investment, and use cases for Bitcoin that have developed since the last bubble. Not sure about 40 days, but I would guess the bottom is near. agreed I dont think we will break $340..... if we do though i will start to get worried. As someone who has lived though a few rises, it always surprises you with its suddenness and speed. Still think we will hit new ATH by the end of the year. |
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