Someone bought another 33.8M SPN off c-cex. It's nice to see that kind of volume after how low it's been the last couple weeks.
Is that you who bought 33.8M? I think there's no hope for SPN huge amount of sell orders @1 sat with no buy support is not good. It's time to move on to another coin. Sorry, no. If it had been me, I'd have put a winky face after my statement.  I don't have a lot of BTC, and as much as I think SPN has a future, I can't put all my eggs in one basket. I've been mining a lot more than buying. |
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Someone bought another 33.8M SPN off c-cex. It's nice to see that kind of volume after how low it's been the last couple weeks.
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As long as BTC goes up, you can certainly make a profit. You just have to buy with fiat (i.e., either convert fiat to BTC and buy antminers, or buy antminers and then buy back the BTC with fiat). If you just buy with BTC you already have, it will be difficult.
That's not really making a profit. That's gaining more fiat based on the exchange rate. You need to compare how much BTC the miner costs currently as opposed to how much the miner can mine during it's useful life. Almost every miner will currently return a loss. As I stated in a more round-about fashion, comparing strictly in terms of BTC, making a profit would be difficult. So we agree there. But how is gaining more fiat not making a profit? |
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It depends a lot on what field you eventually go into and what you make of your college experience. Some jobs, like engineering, require a college education so you at least know the basics. But there are a lot of areas that don't require a college diploma to do well.
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What do you mean by, "good for bitcoin"? If you mean higher prices, then greed will certainly help, until the ensuing crash, anyway. Greed can also lead to more bitcoin businesses and bitcoin adoption, so it could be beneficial in that way, too. But if you're looking for market stability, greed will be a hindrance.
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The monetary base is still increasing at an alarming rate, whether its parked with the fed, in my savings account or stuffed in someones mattress, the fact remains the same: It's increasing rapidly. What you should be worried is that even w QE, demand hasn't risen and unemployment is still not dropping. Means its not working so they gotta find a better theory or we looking at possibly a decade of recession like Japan Yes, the economy is obviously not healthy. If it were, all the QE the Fed has been doing should have caused massive inflation. |
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As long as BTC goes up, you can certainly make a profit. You just have to buy with fiat (i.e., either convert fiat to BTC and buy antminers, or buy antminers and then buy back the BTC with fiat). If you just buy with BTC you already have, it will be difficult.
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What can Litecoin do that Darkcoin can't?
Confirm slowly. Litecoin was somewhat interesting as long as it stayed GPU only. Now it is just a version of Bitcoin without the first mover advantage. Actually, Darkcoin also has 2.5-minute confirmations. But yes, my basic point was that Litecoin is not so special anymore. |
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What can Litecoin do that Darkcoin can't?
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500 KH/s from R9 270x Radeon card!! Using a core clock of 1168, TC of 16383, I=18-19, mem 1500 Voltage of 2.225 But there is the trick, I cannot start up at these values, GPU clock must be set to 1120MHz for loading, once I have CGminer going (or in my case CGwatcher running CGminer for me) I go into CGwatcher and edit the cards on the fly squeezing about 20-30kh more from each card. this wont suit everyone, but for me I set CGwatcher to startup with 1120 and set once loaded, if it crashes or whatever it will always go back to mining @1120Mhz and when I notice it has been down I can adjust back to the 1168Mhz and get that little back, how ever my system almost never goes down on these settings so I stay pumping 4x R9 270x @ 500Khs per card and have a shitty dump HD4850 from 10 years ago running my desktop graphics. if you like my work and are richer than me, feel free to send some coins to the addresses below  <3 Do you know how much extra power the jump from 480 to 500 consumes? |
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wow down we go
I don't see us really falling too low...there isn't really any reason for a sell of right now. The auction results actually turned out to be strong since the winner is using it for liquidity for his business. He didn't mention an intention of any of them seeing the open market any time soon... This probably isn't a huge deal, but it could be factor for the drop: http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/ |
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To the OP: this is some really interesting stuff. Thanks for posting it.
One question though: what would it take to invalidate your analysis? In other words, what price would bitcoin have to drop below for you to reconsider your predictions?
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Nice predictions, I roughly agree with you though I'm not sure it will take quite so long (until January) to reach the peak, though it might, depending when the ETFs launch. But what about the Willy report? Do you not place any importance on that? I thought that might make this next predicted 'bubble phase' a bit smaller in proportion to the previous ones, but then again the longer time it takes to reach the next bubble the bigger it will be, so that would cancel the negative willies out.
If the ETFs are needed for the next growth spurt a peak in January is early I would say. I don't think it will take this long but it might. I think ETFs will completely change the dynamic of bitcoin trading as it will make the barriers to trading much less and will expose many more people to the possibility of trading in bitcoin I agree, and I think we may need an ETF to get the influx of money needed to reach all-time highs again. All the ATMs that are coming online around the world may also add an unpredictable amount of fuel to the fire if/when bitcoin really rallies again. |
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What about miners paying power bills?
If someone could be so kind as to find out what KnC and Bitfury/MBP/CEX/GHASH.IO are doing with their mined coins, I'd love to know. And by find I out, I mean actually find out, not this OTC sales wishy washy bullshit I keep hearing. Look at it this way. A miner is a person with investment in mining equipment and expenses. When he has mined some coin, he is a holder of coin plus he has investments and expenses. Other holders, without mining investments have other investments and expenses. What is the difference? None. Everybody hold coins, have investments and expenses, and have to decide to sell or to buy, taking other economic realities into account. tldr; a miner with coins is no different from other people. While I agree that everyone has their own set of risks, I think there are psychological differences. I don't worry about the coins I've mined as much as I would worry about coins that I would have bought, if I had bought some (which I haven't, because it feels riskier). |
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IMO, if we don't test support tonight we never will, we'll bounce off the launch pad once or twice, break resistance, break away to new highs, top out in the low mid 700's, this level should prove to have very little resistance ( most bears think 680-660 is the "top" so they are selling here and now ) price will quiclky melt up into the low mid 800's the next spot where bears lay down some futile resistance.
I'm curious--what basis are you using for your prediction? Strictly technical? There seems to be an awful lot of supply above 660, and no one seems to want to buy up there. If we can break 700, I think we go much higher after that, but getting there in the near future looks challenging. |
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In my opinion, no matter how trustworthy an exchange and its employees are, there's always a chance of losing anything kept on it. They may have great security, but there's always a chance they missed something.
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In order to see the price of bitcoin, gold and all commodities goes up, we need the dollar's price (or value) to go down. In other words : inflation. With QE infinity, the world is heading towards inflation !. So good news for US There is certainly a correlation (and sometimes a strong one) between the strength of the dollar and the price of commodities and other currencies, but it's not a perfect correlation. If the dollar weakens, that could help the price of bitcoin rise, but not necessarily. Ultimately, the price of bitcoin in USD is simply determined by how much USD people are willing to pay for it. The price of bitcoin in USD will only rise as a result of USD weakness if people believe that bitcoin will hold its value better than USD. And btw, the US is still on course to continue tapering its bond purchases, so QE infinity is (theoretically) coming to an end. The Fed is also expected to start raising interest rates within another year or so (of course that prediction keeps getting moved back), which will remove the last of the stimulus. |
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Prices going down were the only good thing in the Great D, do you think prices going up would have been better for people having very limited ressources?
People have less money in depression times so it is good that prices are lower not higher
Sure it's beneficial for consumers for prices to be lower when they go to the store and buy things, but the lower prices don't make up for the lack of consumption due to the hard economic times. Aggregate consumption falls, even though prices are lower. China will fair well after the USD collapsed and the dust has settled
I guess it depends on how far in the future you look. They would almost certainly recover better and faster than the US, but a USD collapse would greatly hurt their economy. It would destroy a lot of US demand for their exports, and because of our close economic ties with Europe, the European financial system would also probably collapse, which would destroy their demand for Chinese exports as well. It's impossible to predict how bad it could get, but I could see a USD collapse leading to a global depression. |
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While only the richest multi-billionaires could afford to buy a majority of the BTC out there, there are lots of hedge funds that have billions to invest. But as many have said, buying all available BTC would make it useless. Of course, that might be a sneaky way to try to destroy it.
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i feel sad about the spn market,i think when mintpal add spn ''there will be dump''
Theres not one coin thats been released in alt currency history that hasnt had a dump on hitting mintpal... It's how it recovers that counts. Ie the tools, promotion and general use of the coin I really wouldn't worry i hope if spn will make it to mintpal it keeps at least the minimum buy order...1 satoshi to do that 1st half to 1/3 the block reward and keep the pools full with miners... If/when SPN makes it to mintpal, does anyone know if we/SpartanCoin will have a choice about what it's paired with? Or do they decide whether they want to make it a BTC or LTC market? |
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