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#1. You are talking about volatility, not price. If the price is steady at $1, it does not have the problems you describe.
#2. As volatility attracts more speculators, the price will become less volatile.
#3. Market cap is not the same as price.
#4. Again, market cap is not the same as price. We could raise the price by cutting the number of bitcoins, but that would not solve anything.
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For the love of god, don't make me laugh. A faucet could never ever be a scam and it seems that BTCFEED doesn't know the definition of the word scam:
Of course it could be a scam. What about sites that promise to pay newbies for clicking on ads and never pay them? |
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My guess regarding the declining prices is that some of the large lots of bitcoin bought at the FBI auction are being dumped back on the market at a loss by the speculators who bought them.
Do you have any information to back you up or are you just making this up? Do you even know who bought the coins? |
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Big companies have money and a power plant producing free electricity.
They can afford to mine Bitcoin even if the price of Bitcoin is only $1 per coin.
Oh? Where does the money to build the plant come from, and where does the energy come from to produce this "free" electricity? |
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This is bad news for the BTC community.
This is good news because cex.io shares are now valued appropriately. Before this move, anyone buying them was a sucker. Why were people paying 1 mBTC per GH/s for negative income? I don't know, but cex.io has done them a favor because zero is better than a loss. |
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Trezor is one of the most secures ways to have your bitcoins stored.
I don't agree, paper wallet or offline computer wallet is more secure and free This 100%. Paper wallets and offline usb is the way I go. If the usb corrupts or fails I still have the paper. If the trezor fails, then what? If the Trezor goes, you have the seed that can be imported into another wallet. |
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What gives Bitcoin its value?
Supply and demand?
Surely, as more merchants accept Bitcoin, more bitcoin gets sold for $$ driving the price down. The lower the price, the more people will panic and sell their BTC or trade it for goods, thus reinforcing the cycle.
I am getting to the point now where I am so tempted to sell my own BTC. I don't normally waver on things like this, I believed Bitcoin had a bright future, but my belief is shaken now.
I can't see anything in the near future that will increase the demand side of the equation....
Don't forget that in order to buy something with bitcoins, you have to buy the bitcoins, driving the price up. I don't see anything in the near term either, but in the long term, Bitcoin looks good. |
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Sorry for stating the obvious: ... Appeal. how to appeal?? l2r |
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If you were to start before, like a few years ago, then you would profit.
Now, the difficulty is so high its not possible in a short term hobby.
It has never been easy for miners to make a profit. Many people believe that early miners used to rake in the dough, but that is a myth. Even back when the difficulty was 20, miners couldn't make much of a profit (if any) because the 50 BTC reward was worth only $0.20. |
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None of those referrals are a good start to getting anyone's first bitcoins. They all take a long time and a lot of effort just to accumulate enough to send to yourself.
The best way to get your first bitcoins is to buy them through localbitcoins or from an exchange. You can have them in a few hours with very little effort.
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Simple problem of supply and demand.
Lesser supply, same demand, price increases.
The supply of bitcoins is always increasing. Halving the block reward only makes the increase slower. |
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http://lmgtfy.com/?q=What+happens+if+the+SatoshiLabs+servers+are+hacked+and+the+firmware+signing+key+is+stolen&l=1What happens if the SatoshiLabs servers are hacked and the firmware signing key is stolen? First off, this won’t happen  . The SatoshiLabs master key is kept very safe. However, you don’t need to rely on the SatoshiLabs signature. You can verify the build yourself. Our hope is that a few trusted TREZOR users will make a habit of verifying firmware checksums. If you are concerned about this, we suggest making a habit of checking our blog or social news channels such as reddit before applying any updates. If there ever was a problem with the firmware not matching the source code, you can be sure someone will have written about it. You don’t need to worry about the firmware being updated by a computer virus. Your TREZOR will ask you to manually confirm the update before anything is written to the TREZOR’s memory.
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She opens the interview with FUD -- so lame!
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So, given the same demand for new coins,
and half the supply, the price should theoretically double.
Mining revenue is only a small portion of the supply. Halving the reward will not halve the supply. Agree, and note that I didn't say that. I said demand for NEW coins. Then you must have meant to write "... half the supply of NEW coins, the price of NEW coins should ...". Either way, the chart is what you are assuming, but there is no theory about what the demand and supply curves look like or how the supply curve will react to the halving, so you don't really know that the price will double.  |
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So, given the same demand for new coins,
and half the supply, the price should theoretically double.
Mining revenue is only a small portion of the supply. Halving the reward will not halve the supply. Also, remember that "supply" is really a curve and not a number, though people may also refer to a point on the curve at a particular price as the "supply". |
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The block halving event itself will have no affect on the price. After all, nothing happened to the price at the last block halving. Keep in mind that the supply of bitcoins from mining is small compared to the overall supply of bitcoins. A drop in the supply of bitcoins by 1800 bitcoins per day is not really very much.
On the other hand, fewer new bitcoins means less inflation and the price will rise higher as a result of increased adoption, over the long term.
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I believe that each of the exchanges provides trading information through an API.
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There is no schedule. It's random. You may solve a block every 6 years on average, but that doesn't mean you solve one every 6 years. Anyway, somebody has to solve each and every block. This time it happened to be you. I also got 3 more emails claiming I found 3 blocks but the worker was not mine. How would I handle that? Do I get a percentage of that? How do I request that percentage.
Those sound like they may be phishing emails. |
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I got my Ledger Wallet yesterday. It works as advertised. The interface through the website is very simple, basically showing transactions and nothing more. Hopefully, other wallet apps will interface to it and provide more features.
My only complaint is that it provides only a single address to receive bitcoins, even though it is an HD wallet. Perhaps that is just a limitation of the site.
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Hardware wallets are currently useless to most at the moment. Until they are completely usable with mobile devices I don't see a reason to own one at the moment.
But as soon as Ledger is usable with my Android I will be buying one for sure.
I can't agree. You are saying that Bitcoin is useless if you don't have a phone. Anyway ... Hardware wallets have benefits over other wallets: They are immune to hacking and phishing and they are convenient because they are not tied to a specific computer. |
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