Supply & Demand controls the price. If the big greedy pump and dump miners actually scale back on dumping it the price will rise.
the miners dumping has always existed and will always continue to exist because they are running a business and they need to earn money to pay for electricity cost and other things. but that is turning into a small percentage of the whole market as we move forward and more people invest in the market making it bigger. |
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the users of these exchanges must take some action against them, they should start asking for insurance, and other ways to make sure their money is in safe place. just the fact that an exchange has been around and has a high volume is no guarantee any more. and it seems like these users are forgetful of what has happened so far to exchanges!
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I remember this shit from last time around, in late 2013 i think CoinDesk polled their users with what they thought the price would be. Suffice to say, it didn't live up to the hype.
Hopefully this time around these predications will be better.
This is another type of hype which they want other bitcoin users to hold their coins because they also want that 1000$ price for each bitcoin and after the price reach that they will earn a lot of money. I also hope that kind of price will be approachable before the year ends so the new year will be prosperous for us. It is true that making people hold their bitcoin, helped getting the price to get high ,and that what created a big demand on it but this demand will eventually were off, investors will lose their interest in bitcoin if it gets really high and then the price will go down and people will start selling it and it will make the price go down even more. price only goes up based on demand and as long as there is any demand for bitcoin (a growing demand which happened based on adoption) there will be price rise and it will stay up. if your crazy theory was true, investors would have lost interest in gold already and gold would have crashed to 1 cent per ton. |
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Could someone tell me please that what price is still considered profitable with electricity cost of $0.07 KWH?
$500 and i don't know where you bring your electricity cost but if we are talking about profitability for miners then that is the price you are looking for because they were making profit happily when price was $200 and reward was 25 BTC and to be the same considering the difficulty it has to be $500 with 12.5 BTC reward. then I will tell if the above $800 is going to maintain from now on or not, if we stay in above $800 range for more than 2 weeks then the price will remain and will increase from there forward.
i don't really get this we are already at $945-977 range! why is $800 any significant for you? I just wish that first 3 big miners avoid dumping more than 100 bitcoins from their long term stashed coins because that's when price starts to dump.
3 miners dumping 100 bitcoin each is 300 BTC and 3 big miners are pools but even if we assume they are holding that much and dump it then 300 BTC is only 0.3% of daily trade volume. it is good to look at the charts and see an exchange once in a while before speculating my friend! |
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There are multiple fiat currencies which should be considered obsolete, but the demand by varying people/nations to use it though it is easily replaceable remains intact.
there is a contradiction in your comment, there is no reason for a fiat currency to be obsolete. you are looking at it from the outside, but from the inside there is no "should" as long as that nation is alive and people living int it! |
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i couldn't agree more.
this was one of the biggest news that i have heard this month and i believe that the start of this rally was because of this single news and how the budget chief and others are so pro bitcoin.
i just hope they live up to the expectations and we can see more bitcoin adoption.
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It's pretty amazing that the price is this high. It seems like it must be a short term pump, but you never know.
Nothing lasts that long. Currently the price is being driven by panic buyers that are basically too late, but they still think they can walk out with massive profits. I think for now, the peak will be $1000 or slightly above that, but after that we'll be subject to a correction that will push the price back towards the $800 levels. And to be honest, $800 seems to be a very fair price according to me. No, no, no. It is real growth not some coordinated pump like that bot driven race from 2013. I bet that this time price will say over $900 for longer time, maybe even it will be new stable "low" price? There is no negative news, no bad signs, technical indicators of market are strong, pump is not over. If you have a friend who doesn't own BTC, tell him now - soon we might see $1200. it is mostly real growth but not all of it. the real growth would have been the rise to $800+ not the $900 range. this rise is a composite of real rise because of many good news that came out recently and also it is some small pump. |
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the price of bitcoin is not a factor here. if i have a couple of bitcoin and price goes to a crazy price like 1 million each then i can sell and live off. but if it we are talking about normal life then first i either have to be good at trading to make lots of profit enough to make a living or price has to be stable and i have to earn it through other jobs.
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i don't get it, do you want to see new blocks that are mined in general or do you want to be notified when your transaction is mined (aka confirmed)?
for the confirmation you can use blockchain.info (i don't know if they still offer this) import your address as watch only and if it is in your wallet it will notify you by email and if you give them your phone with SMS.
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If anything, I believe that the holiday effect is people selling bitcoin to buy ¨real¨ gifts for their relatives.
this was also my speculation a week ago but it seems like it is a wrong speculation because people apparently are buying bitcoin to gift themselves with a big profit before entering the new year. now i am expecting $1000 resistance to be broken soon enough. |
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actually an ebay like site is the only thing that we need for promoting bitcoin and seeing the real adoption take place.
we all keep talking about it but unless a big application like this is made i don't see people using bitcoin other than an investment. and using it as an investment can only raise the price to small levels but when people all around the world use a platform to trade and spend bitcoin (like an ebay like site) we will see the real rise to 10K USD
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I think number of unspendable bitcoin is more than this because there are also lots of addresses which contain bitcoins and nobody have access to it, like addresses of wallets whose password were lost, known addresses of satoshi etc. However nice listing... That's true, but there is no way to confirm that they are really lost, or that the people in question really haven't access to their coins anymore. That's why it's better to wait and not include them into compiled "lost coins" lists. I from time to time spend some hours on analyzing very old wallet addresses containing plenty of coins. In some cases you will see that after 5 or 6 years the person behind one of these addresses starts moving his coins. That's why I never take for granted that they lost access to their wallets. he is talking about a different kind of lost coins not coins that are not moved. there are in fact lots of bitcoins lost because of reasons such as forgetting an encryption password to a wallet or a lost wallet because of hardware failure, and generally things like that beyond recover. there is actually a topic in this board about it where people comment on it with their lost coins. i myself had a brainwallet with 0.01 BTCish which i forgot the password to  |
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mempool is not something you start or hold separately than the rest of the network it is part of the network. do you know what a bitcoin node is? these nodes which miners also run have something call mempool, it holds all the transactions that are waiting to be included in a block. you can run a full node and only accept transactions that meet some criteria like a minimum fee and reject all the rest. https://en.bitcoin.it/wiki/Protocol_documentation#mempoolwhen you make a transaction, you sent it out to other bitcoin nodes and they all start sending out your transaction and others they receive and all these transactions are inside of a mempool. |
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Govs can't have this freedom go on too long, how deep of a correction when they " ban" it?
just like i said to the other guy saying India is the reason for the rise, i tell you too. Indian market is way too small to have any effect on bitcoin prices. it is good to check out some volumes sometimes, trust me you get so much good information that way! |
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your question is service specific (blockchain.info wallet) and as far as i know they keep a record of all your wallets (bitcoin addresses) in your wallet section, you can find it in your account and you can give different names to all of them. so yes even after a year they are all there to use.
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OP seems to be an early adopter of bitcoin. Only those people got the chance of buying bitcoin at that low price. If he is an early adopter sure he holds a huge volume of bitcoin compared to the users who were into bitcoin recently or few years back.
Regardless of the profits he would have made with this rally, I'm sorry to say he also will be joining that group of regretting for missing big possible profits in very near future. Because, many experts are speculating $2000 price levels for bitcoins within first quarter of 2017. The only good thing is, OP might have sold only half of his hoarding. Still, regretting maybe inevitable in coming days. OP is mostly a troll  you can check out his post history, in fact someone did post some examples in one of the previous pages. every time there is a rise he comes here and starts talking about selling, dumping, crashing, etc. don't pay much attention. the funny thing about this topic is that the subject has changed multiple times. it was first "i sold all my coins" then "i sold all my cold storage coins" and now it is "half" it seems like the amount he sold in past changes with price |
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sell Bitcoin on strong leap candlelight prices up, and buy on the downward correction, that's all strategy.... altcoin very risky in a casino, playing the smallest amount possible
That's simple strategy. Thus the efficient method of trading. Altcoins are like a gamble, anytime it can drop for terrible. But I may think if the simple strategy was already enough for make a lot of profit for us. Will be suitable if mixing it with some technical analysis. You can earn a lot of money if you have a lot of funds. Don't gamble in Shitcoin, Focus on legit coin invest a large of money in that and you can earn a lot from that Although the dumping and pumping of the coin is so small if you have a lot of funds you can earn a big money from that. That is right, Don't focus on waste coins because they are just made by the devs to sustain for their own selfish needs. If you truly want to be successful and earn a lot of money then stick to those stable and strong crypto-currencies like bitcoin then invest the small part of your money and just keep investing when you get your salary and after a few years you will see the great results and the big amount of money that you didn't imagine that you can earn by just believing and investing in bitcoin or any stable coin out there. Its already been proven from time to time since btc already bring value to our investment and some other alts which still working hand and hand with bitcoin just do the hard research and study how those crypto works while the big amount of your investment is still with btc just hold and wait for the good results never do such panic if you see dump happens. Those shitcoins sometimes bring pretty good profit. I know that those coins is actually were made for trading purpose or something else depend on the developers themselves but in my opinion that if those coins were made for trading purpose they will have some sort of dumping and pumping phase which is sometimes instantly happening and could raise its rate until few hundreds percent in short amount of time if you could manage to get profit from it, you will have really good profit when you say "shitcoin" they have some features in the market that makes them unprofitable. one of them is that they are constantly getting dumped and the price is always falling. and when a pumper comes along to pump it we can not know until it is too late. also when you say shitcoin it means it has a very small volume and in other words this small volume has no room for us to buy big amounts and possibly make any considerable profit. for example you can buy 10 BTC worth of litecoin and make profit on all of that buy buying the same amount in a shitcoin is impossible you can only buy 0.01 BTC or less most of the time. |
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You need big parties to really influence the bitcoin but yes it is possible without any doubts, I do not think that we can do it only with small amounts and some speculations.
Yes, I agree with this, all can be done so long as they can work together and do together, but provided with a number of very, very large, the size of the nominal I think it is very influential and seemed in exchange to do that. price of anything can be manipulated and the only difference is in the size of the manipulation. and "they" don't have to work together! traders are wise enough to detect these things and also these changes happen on top of the natural changes of price. for example when price is going down they manipulate it by dumping more to push it more down. and same thing when price is going up. |
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your question is wrong.
what happens to the price does not depend on when but instead it depends on how meaning when price reaches $1000 anything can happen depending on HOW it got there.
for example if we reach $1000 this week price will crash back to $800 again but if we reach $1000 2-3 months later and more nothing is going to happen really, we will stay there on $1000
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Reason of the spike of 2013 is generally attributed to China, as BTCC was leading the CNY price, which was followed by Mt. Gox in USD equivalent.
In 2016, because of demonetization, bitcoin was trading over 900 USD equivalent in India far before the USD exchanges reached 900 USD.
Hence, do u think, it can be concluded that India led the rally of 2016, like China led the rally of 2013?
i don't agree with either of these. the 2013 rise was mostly because of Mt.Gox and its initiation was also because of MtGox. surely China was effective but the volume was telling a different story! right now the same this is happening the volume tells a different story. it is the highest in China with 2.3 billion dollar in each of them followed by US markets with 20 million in each. and your link above to coin.dance only shows a ~300 thousand dollar volume in India now you tell me how much that can affect the price in this market which has nearly 150 million dollar volume each day excluding Chinese markets. |
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