let's assume miners have a terrible time adjusting to the reward drop, hash rate drops and bitcoin experiences longer than usual confirmation delays for 2 weeks.
do you as a speculator care about this?
We cared when it was 400$ a coin. It's 800'ish now. Meaning miners will be making pretty much the same money. On the other hand, the inflationary effect of requiring 1.44mn USD per day to absorb inflation, is preserved. Meaning that if the market needed 400$ x 3600 coins = 1.44mn USD just to maintain daily price, now it's kind of the same with 800$ x 1800 coins (=again 1.44mn USD to absorb daily supply). |
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After reading for a while I think I figured out the missing link. Supposedly the reversal will only be about 1 transaction (?). Correct me if I'm wrong though. |
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01:39:14 777.77 14.8359 01:39:13 777 0.5321 01:39:13 777.77 50.25  Onwards to 888.88.... |
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We're going for 777.77 |
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[...] But from a fundamental standpoint, who has the funds to be able to cough up $2000 just to buy half a coin? [...]
Being able to afford a whole bitcoin will become rare over time, like owning a kilo of gold. The ratio of scarcity right now is ~190 million kg of above ground gold vs 15.6 million btcs, so it's like 1 btc is as scarce as 12.2kg of above ground gold. |
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Aren't you still sure who is going to win JJG ? Kidding me, right ?
If you had not noticed yet, I'm kind of stubborn, and I don't change my views very easily... Instead, I tweak from time to time, and yeah, maybe I will tweak my views into oblivion.. but nonetheless, I would characterize that as tweaking rather than starting over again with a whole new paradigm and way of thinking. I'm perma-stubborn and I will not leave you until you are a permabull like me  hahahahaha We can still get along, even if we have different ways of thinking. That is part of the greatness of forums like this, and even when we may share a lot of views, we arrive at such views from differing life experiences.. and maybe even different logic, even though we may end up at the same place from time to time. Some may call it a circle jerk, but it is not. You and other bitcoin bulls help me to consider my perspective from a different point of view than would some contrarian. I can learn from contrarians too, but as we all likely realize, the energy is different, and also, sometimes it is just frustrating when some of the contrarians may be contrarian merely for the sake of contrarianess, or making up their own set of facts - so it is difficult even to get to the point or to stay on point because they just make shit up. I must admit that we the (bulls and permabulls) have a massive energy and optimism to give and share  We believe in in ourselves, in Allah (God) and in Bitcoin as a whole ecosystem. And as you said, in the end, our thinking will meet at a point, whatever we agreed or not while being on the road  Hahahahaha.. This one is funny, and will put some moderation on your bullishness. The article asserts that bitcoin's market cap may well go up to $50 billion by 2036... hahahahahaha We gotta wait 20 years for a 5x increase...  that's still a bit better than index funds that will possibly deliver a 3x increase in such a time frame. $50B can be easily seen in a year, not at 2036  The issue is that the people in the kitchen knows more about just an journalist who researches the topic broadly. I don't know about BRexit, but GRexit definitely had a way to make money. Actually, a zero-risk way. The only thing is that you needed to be a Greek to be able to profit. Betting sites were giving ~1.62x for "no grexit by 1/1/2016" So, if, say, a greek had 20 btc and placed 5 of them in "no grexit", then in the "no grexit" scenario he would make them 23 in total. If grexit did happen, then he'd lose the 5 btc of the bet, but the remaining 15 btc would double-triple-quadruple in value in the new local currency after exiting the euro. So it was kind of "profit either way, in different ways" scenario. I think it would be the same, IMHO. Why not ? I can't find a reason. In theory the Greek drachma, that would have to be introduced after exiting the euro, would be more weak than the already-existing GBP (which is one of the biggest currencies in the world anyway). The potential for GBP to slide downwards 2-3-4 times is waaay lower than the introduction of a new currency for Greece which would have a sharp devaluation. |
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It would be good to know more about The Borg & friends. If you have any pointers I'd be much obliged.
I just used my imagination. Can't be that far from the truth My question is, since these are publicly traded companies, shouldn't they be audited for their operations and assets? I mean there has to be a balance sheet somewhere that shows what they have... |
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I don't know about BRexit, but GRexit definitely had a way to make money. Actually, a zero-risk way. The only thing is that you needed to be a Greek to be able to profit. Betting sites were giving ~1.62x for "no grexit by 1/1/2016" So, if, say, a greek had 20 btc and placed 5 of them in "no grexit", then in the "no grexit" scenario he would make them 23 in total. If grexit did happen, then he'd lose the 5 btc of the bet, but the remaining 15 btc would double-triple-quadruple in value in the new local currency after exiting the euro. So it was kind of "profit either way, in different ways" scenario. |
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It keeps going up. What´s the next resistance?
all the bears are dead. not injured, not regrouping. dead. it was a massacre. they didnt stand a chance. it was horrific. as a result, there will be no serious resistance presented below 3000$ I'm wondering where is BJA-"go on.... blow up my shorts!!!" |
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The blockchain is seriously overloaded right now, transactions are experiencing huge delays:
...
I believe this has also a bad impact on trading (i.e. too slow from and to exchanges).
- ...don't have a few cents to get first block priority tx? - You're not being accurate with a "few" cents anymore. You have to understand PRIORITY charge. You can go at near-zero cost if you don't mind the speed, or you can go fast and pay a few cents more. In the last 24 hours: 108 transactions done with 0 fee (zero cost txs) 46.6k transactions done with 1-10 satoshi fee (network has spare capacity to process near-zero cost txs) 17.7k transactions done with 11-20 satoshi fee 28.1k transactions done with 21-30 satoshi fee 16.7k transactions done with 31-40 satoshi fee 40.9k transactions done with 41-50 satoshi fee 69.3k transactions done with 51-60 satoshi fee 16.5k transactions done with 61-70 satoshi fee 14.1k transactions done with 71-80 satoshi fee (anything beyond here is an overkill) 11.8k transactions done with 81-90 satoshi fee 3k transactions done with 91-100 satoshi fee 6.5k transactions done with 101-110 satoshi fee 2k transactions done with 111-120 satoshi fee 480 transactions done with 121-130 satoshi fee 3.1k transactions done with 131-140 satoshi fee 24.1k transactions done with 141-150 satoshi fee 6.5k transactions done with 151+ satoshi fee ...yes, even free txs are processed. And in the 1-10 satoshi range, there are like 46k+ txs processed. This wouldn't happen in a "seriously loaded" network because it would be busy serving people who are actually paying 30-40-50-60 and leaving those paying 1-2-5 satoshi behind. On the other side, there are people paying 140+ satoshi, because they have some broken wallet software that is not estimating their fees correctly. Obviously those paying 140-150-300 satoshi will not get a faster first-block inclusion compared to someone paying, say, 80-90 satoshi. |
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The blockchain is seriously overloaded right now, transactions are experiencing huge delays:
...
I believe this has also a bad impact on trading (i.e. too slow from and to exchanges).
You mean traders who a) lose something like 0.2-0.3% for every trade (exchange commission) b) accept big bank or SWIFT fees for every fiat transfer in and out c) accept trading taxes / capital gain taxes etc by their government ...don't have a few cents to get first block priority tx? Btw, the #1 problem in bitcoin trading is not the speed of btc but the extremely slow fiat / legacy banking. |
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Well I was fairly adamant that the BREXIT would fail (i.e. "Remain"), but it is increasingly looking like the British may vote to "Leave" which is a quick turn of unexpected events: (snip)
Regarding Brexit, I read that the referendum is "advisory": in other words, it's not binding. If the Leave side wins, Cameron and the Tories aren't compelled to do anything except say, "We are taking it under advisement." The above actually makes it easier to vote "Leave". Legally, since the referendum is non-binding, voting that way is essentially a protest vote: a way of sticking it to The Man. The Greek referendum was binding... still the government turned it upside down violating the constitution. If brexit is voted in the UK, and not followed upon, the elite will also lose control of the government in the longrun (UKIP boost by several tens % to enforce the ignored referendum). That's supposing the ukip is not elite-controlled, and I'm not that good at UK-politics to make that determination. |
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Found 35 seconds after previous block. Found 92 seconds after previous block. Found 23 seconds after previous block. An expert like you should really know about why these happen by now. Oh, you're just using it as propaganda against the guy who is calling Maxwell's bluff on the 2017 HF.... carry on then. Others were closer than ...92 seconds but were still 1mb. 416265 (Main Chain) 2016-06-14 11:32:20 Slush 998.17 416264 (Main Chain) 2016-06-14 11:31:45 BTCC Pool 996.18 416272 (Main Chain) 2016-06-14 12:49:47 F2Pool 999.94 416271 (Main Chain) 2016-06-14 12:49:03 F2Pool 999.89 416309 (Main Chain) 2016-06-14 19:42:41 HaoBTC 997.42 416308 (Main Chain) 2016-06-14 19:42:12 AntPool 998.07 416313 (Main Chain) 2016-06-14 20:17:16 F2Pool 1,000 416312 (Main Chain) 2016-06-14 20:15:43 F2Pool 999.72 ...so... there you have it. Btw, the argument is not in your favor: If there are propagation issues even with 1mb that prevent miners from mining txs, then we either need a much better propagation system, much faster verifications or ....smaller blocks... Bigger blocks without altering the other components doesn't compute. |
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cat /tmp/hashlist | sed -e 's/\(^.*\)\(.$\)/\2/' | sort | uniq -c | sort
 Here it is in chart form - definitely random! Seems to have a small sine-like wave pattern... Look how it "waves". Obviously that would be smaller with a bigger sample. |
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Page 15555 .. this is something special. Must say a special message!
Don't sell under $800-850$ in the next few days... you will get burned! ... 900$ will be the new base next month for a week or two.
... next pause is at 15555 Yep... I'm hoping to sell somewhere between 2500$ and 4500$ this month if the bubble prediction is correct. Then buy back in at 1000$ - 1500$. Way. way way too low. You we're not around for the previous bubbles were you? It will go to somewhere in between $5k and $49k. Have some self control. 2 years ago, I saw a dream where Bitcoin was 18k / 2016. I assumed it is 18k USD, but this last week I was thinking that since most of the trading is in CNY, it could be 18k CNY as well (~2800$). The 18k $ in 2016 obviously seems more difficult for the next 6 months, but 2800$ sounds achievable. As for 2017+, who knows |
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stamp has like 2k coins left? the fuck
finex 3k to 770... Well, bitcoin supply is limited after all. And most people aren't here for the 300-400-500-700 prices, so they aren't selling On the other hand, traders "locked profits" after a good rise, expecting a correction that never came. So what can they do now? They are either on the sidelines watching the rise, or FOMO'ing back in. |
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Next stop 669.69 |
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