Just downloaded this. I had no idea of what I was missing. Reading through this forum is much more enjoyable now. But I mainly go on this thread on my phone, so I'll have to install the slow and laggy tampermonkey browser

The price of bitcoin is the last price someone paid and someone sold for it. Nothing more, nothing less.

When someone who got in early sells and makes $300, someone who got in later loses $300. It is a zero sum game. For everyone who makes money, someone loses money. This isn't stock where there is a business behind it with profits, losses and reinvestment and where people are employed. This isn't a bond (loan) that generates interest.

And it isn't a dollar. A dollar is what things are priced in. It is not a speculative asset. You can't compare the "value of the dollar" against an asset value because the dollar is what things are priced in. Nobody holds dollars. They hold stocks, bonds, real estate, etc. And most people are short dollars, they have borrowed dollars and bought assets (mortgaged homes, financed cars, etc.).

Additionally, money is taken out by miners in terms of coins mined and transaction fees. Every time an exchange is made, money goes to the miners. If the transaction fee was 1%, after 10 transactions, the miners own 10.46% of the bitcoins transacted.

There is no money "in bitcoin". Bitcoins are exchanged for a price. If there are no buyers at the current price, you can't sell. You can only sell to another buyer. And there is nothing behind it. Saying "there is nothing behind the dollar" and trying to compare it to the dollar doesn't make sense. Things are priced in dollars. People don't buy dollars and hold them hoping for a gain. They buy homes, stock, bonds, real estate, clothes, food. They get a paycheck each week and either pay down borrowed dollars, buy assets with it, put it in an interest bearing account (which is a loan to a bank, it is not dollars), buy stock, etc.

So, where is the money going.. money is being taken by miners and early buyers and money is being lost by people who bought in recently.

Think of it this way.. If this site and Github vanished with out warning it would be a massive blow.
Or if theymos implemented coin release rules or banned posting scam coins.

The NOOBS here have no clue who those people are.
But i hope he does what ever he can to bring ETH to its knees.

Yes, you can say it penny stocks, but some times, a penny stock will be a big story in future. in 2009, BTC was also in penny stock category, but now it is a benchmark for whole crypto currency world.

another huge loss for ethereum owners when the parity wallet multisignature was hacked and the hacker stole 153,037 ETH which is nearly $32 million worth of ETH.
https://ethplorer.io/address/0xb3764761e297d6f121e79c32a65829cd1ddb4d32

also another group of hackers took the opportunity to drain all the similar multisig addresses with the same vulnerability in ETH and similar tokens.
so far they have hacked the total amount of 379,999 ETH which is nearly $80 million worth of ETH
https://ethplorer.io/address/0x1dba1131000664b884a1ba238464159892252d3a


Do you think we will see another roll-back like the DAO $50 million hack and will it leave us with ETH 2.0 fork?