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1 million satoshi is ~$4. If you are serious, I recomend taking risky trades with them because $4 is not a lot of capital anyway.
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But which way will it break out? Up or down?
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First of all I don't think that the price will go down significantly due to a back log.Pay the right fee and you're fine.
Furthermore why should anyone here listen to somebody who has abolutely no skin in the game as you said yourself?!
Because I have no financial incentive for the price to go either way. Some members try to spread fear, uncertainty, and doubt if they want the price to go down regardless of what they actually think. Other members who only want the price to go up will discredit bad news, or shout down people who present an uncomfortable opinion. I am neither of these people. Just a curious bystander. |
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The transaction volumes, natural or artificial, if sustained will cause the price to go down. I recommend selling before everyone else does and buy back in after it corrects.
Note that I don't own any Bitcoin nor will I buy any so I do not have any emotional bias in this.
For future references, the price is currently $437.
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What are your opinions on this? Will the block size problem be resolved or will the halving happen first?
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Sub $400 was just too good a gift and people are loading up.
Markets worldwide are nervous but it is times like these when fortunes are made, be greedy when others are fearful.
pfft.... Show me the volume! (the upside volume that is) $360 range will see the 61.8% retrace of the whole rally....whole lotta shorters gonna exit their positions right there and a whole lot of n00b shorters gonna get their balls squeezed on that bounce, which will drive bounce even higher, which may even encourage some n00b bulls, to pile back in and drive the bounce yet higher. You're the noob if you still use the word noob at your age. |
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I don't mean to toot my own horn but I'm pretty happy about myself today. This was the first time I made a prediction on the forums and it came true.
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What altcoin will people flood into if Bitcoin fails then? In other words, what altcoin has code that won't have this problem?
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The double top is a frequent price formation at the end of a bull market. It appears as two consecutive peaks of approximately the same price on a price-versus-time chart of a market. The two peaks are separated by a minimum in price, a valley. The price level of this minimum is called the neck line of the formation.This is what we have right now. http://www.xe.com/currencycharts/?from=XBT&to=USD&view=1Y I would be very careful with such an early call. For now what we clearly see on the picture you attached (and even better if you zoom out to 3 year perspective) is that we just reversed the 18-month long bear trend. From more or less summer 2015 we started to recover from that bear, but that doesn't mean that we will be growing infinitely long. There will be corrections on the way - that is something normal, yet it won't mean immediately another trend reversal. Unless we speak about extremely short time perspective, the trend is up for now. Double top formation you mention may start a correction, but the depth of this correction will show where we are. In my amateur opinion, I do believe we are having a trend reversal over the next few months based on the double top I presented and the google trends chart: https://www.google.com/trends/explore#q=bitcoinBut in the months leading up to the halving, we are definitely in for a new all time high bubble. |
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Just like the title says. During the last all time high, we were having 50,000-70,000 transactions per day which is well within the current limits of the block size. But recently, we have been seeing ranges in the 190,000-220,000 range. Will the next bubble be able to sustain the daily transactions?
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The double top is a frequent price formation at the end of a bull market. It appears as two consecutive peaks of approximately the same price on a price-versus-time chart of a market. The two peaks are separated by a minimum in price, a valley. The price level of this minimum is called the neck line of the formation.This is what we have right now. http://www.xe.com/currencycharts/?from=XBT&to=USD&view=1Y
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MattheCat may or may not be a troll, but he speaks truth in this thread. Bear market confirmed.
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His name is spelled Stefan Molyneux. I am normally not a spelling nazi but in this case if people would like to find his Youtube chanel they would need the right spelling.
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How does one invest in oil?
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It wont directly affect BTC price. However, It will affect global economy which it can trigger a economic crisis in 1 year. Then we will see a positive impact of crisis on BTC price due to FED interest rate increase.
Most likley a crisis would have a negative impact on price, not positive. |
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if everything is unchanged, half will only mean price increase as supply is lowered.
Or that the price will decrease at a slower rate. |
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Massive bubble followed by a two year bear market.
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Wait at least until merchants/payment processors dump the Black Friday coin.
This. |
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