Shorts will be slaughtered. There is natural organic demand for bitcoins. Bitcoin price appreciation is unstoppable!
Dammit, I thought you were gone. I hate that friggin bug crawling around my screen. I couldn't wait any longer, I just bought back in for every extra dime I had. I guess this is for real now. The rocket is on the launchpad. When did you short? Did you buy back in at $320? Honestly, I think you are going to really like your decision, but I would highly suggest not shorting again because the profit you made from that short probably bought you back in with the same amount of bitcoins, maybe even less. |
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Huobi @ 2300  Haha.. 2 hour ago people were shocked that it crossed the 2200 barrier... This is absolute insanity at it's finest, and am looking forward to waking up later next morning with bitcoin at $350/coin  |
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Does anyone else feel that we all just went back to 2013 and the feeling that the possibilities are endless with this price increase? It's going to be insane to watch what happens at the $1,200 resistance point.
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So I was just wondering... what's with the huge gap in USD between bitstamp and BTC-e right now? When I was watching the prices go up before hand it was all around the ball park of $4-$8 ...  |
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My only conclusion can be that neither price nor hash rate matters.
It certainly matters for the purposes of mark-to-market valuation. I consider these points non-controversial: - A higher price attracts miners. - More miners means higher difficulty. - Higher difficulty means that a miner cannot profitably unless price is above a (higher) level. - Miners who sell unprofitably tend to leave the market quickly. Inference: The floor ("quantum foam") price will rise when difficulty rises. - A gradually rising price attracts holders. - Holders attract entrepreneurs. - Entrepreneurs build the economy. - An expanding economy supports price appreciation. Inference: Supporting the floor price by mining is strongly in the interests of large holders, and indeed in the interests of everyone who can benefit from the personal freedom and security which Monero enables, i.e. all of mankind. In conclusion: Virtuous feedback cycles are virtuous. If you are a good person, you are a Monero miner. Should a good person mine with a bad computer? Bad = 35 H/s If yes then, solo mine or pool? Yes, this... I don't even bother mining as of now because I'm still rocking a Windows from back in the early 2000's... ain't no body got time for that  |
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This is starting to look extremely fake in my opinion those Chinese exchanges are ridiculous.
I still find that the MMM ponzi (and copycats) is the most plausible explanation for the rise of the past few days. But this current sprint seems to be too fast to be due to MMM alone. Perhaps some Chinese know something (true or false) that the rest of the world doesn't know yet. It does not seem to be a repeat of the Jun-Aug Greek bubble -- that is, Westerners buying on the mistaken belief that the Chinese will rush to bitcoin as a hedge against some Chinese crisis. The Chinese exchanges are leading this time. But it may be simply a speculative frenzy: people buying like crazy just because they see the price shooting up, without knowing why, or caring to. I don't really know... but honestly I can see this as being some kind of "arms race" to collect the most bitcoins before the halving occurs next year. Maybe this is the true reason that many people are buying in like crazy, or what you said, not trying to miss the train. |
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I don't think it will be going back down to $100 anytime soon now that we have hit the 300 value. I should have bought when it was at 200!!
I personally think you need to buy at 300 while the getting is getting good.. I know if I had more funds as of right now I definitely would... This whole up rising in price is primarily backed by Yen as of right now and doesn't look like it's stopping any time soon *knocks on wood*. |
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Where's all the bears? Come on, Bitcoin has crashed six dollars in the last 5 hours....
Well if you are saying "bears" as to relation to Tarmi, he's probably filling for divorce, avoiding his credit card bills, and crying hysterically while furiously beating off to asian porn... Sound about right? |
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and we're back to $307 which is where the first resistance was if I'm not mistaken... I think this is actually a good thing, not some rediculous bubble that's going to burst at any given time.
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Wasn't this price point where it dropped last time?? I feel like if we get above $320 we'll be golden... Btw where da fuck is tarmi?
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As I see Blazin is here trying to pump eth I feel it's important to note that there's no good reason to buy eth unless you need it to run something on the ethereum network. There is no good reason why that token should be worth more than a couple of bucks. What we're seeing now in eth is P&D.
Since when did any alt have a compelling use case? At least there's a smidge of actual utility there not that I give a shit. Well not to go back off-topic again... but have you looked at any of the cryptonote coins? They have a pretty compelling idea behind it and practical use. |
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Is it really necessary to promote ETH here? I mean this is a Bitcoin speculation thread... I understand maybe one or two times promoting it, but I think you might be going a little too far with constant links and references to it. |
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Hey guys, just wanted to let everyone that payouts are being made now.... I just received my payment.
Thanks again for another great week yahoo and the MD team! Great week for bitcoin too by the way, hopefully more incoming traffic is coming in.
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Well I say if we fall below $285 then this could potentially be bad... but if it hits $290 and holds and continues to rise then maybe it's even more of a sign that this is in fact a healthy growth of bitcoin and it's just the market correcting itself for the mean time..
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Oh shit! Bears are putting the hammer down on the market right now... Fucking Tarmi style! lol
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If it breaks 301$ on finex before the 30th I win a 3000$ bet that I should have never made. Almost there.
What I got: Bitfinex: $301.97!! You did it!! Congratulations... what was the price when you placed the bet in the first place? The coin had raised from 240 to 245 over about a day early this month. I was very wasted and playing holdem. One of my poker buddies was talking about how it was going to drop down from 250 to below 200 and he would short all the way down. No idea why, but we got into a shouting match over it and I bet him 3000$ that by the 30th it would break 301$. He took me up on it and I was very satisfied with myself. That is until I woke up the next morning. No question I am a bull, but that was stupid. EITHER WAY I AM CELEBRATING TONIGHT!!! Texted him that dinner is on me  The rush I am feeling right now is better then any sex I have ever had That's pretty intense man... And a pretty good friend at that if he were to actually pay off that bet that (I'm assuming) you shook hands on... High stake game came out for you in the end, I surely wouldn't have the balls to play that high stake game that's for sure. |
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If it breaks 301$ on finex before the 30th I win a 3000$ bet that I should have never made. Almost there.
What I got: Bitfinex: $301.97!! You did it!! Congratulations... what was the price when you placed the bet in the first place? |
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I was just planning on going to bed, but I'm stuck watching the exchange rates go absolutely crazy during the +300 surge... this shit, is bananas...
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Come on soooo close!!! I can almost taste it!!! The bulls are out strong tonight!
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Here we go:
1) Money Depositer
2) Scumbag
3) The Joker
4) Off Suit
5) Novice
6) Intermediate
7) Advanced
8 ) Yahtzee
9) Sharp Shooter
10) The Player
11) Big Pappa
12) Carlton Banks
13) Richie Rich
14) Rain Man
15) Notorious
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