|
Re: summer 2012 - I believe Pirate's ponzi was one of the causes for both price surge and crash.
Anticipation of Dec 2012's reward halving might indeed have been another cause of the rise from 5 to 10. It also caused the hash rate to flex a bit (because of last GPU miners quitting I suppose)... but after reward halving, the doom scenario did not happen. So new January 2013 money came in and met a smaller offer than their demand.
TLDR: I don't know.
|
|
|
|
Blockchain.info maintenance downtime for one hour... And this chart is broken again. Pfff.... |
|
|
|
|
Are we positive that those 24 million FinexUSD are backed by realcoinsdollars?
|
|
|
|
|
It's thread like these that make me think that we still have a few months of suffering ahead.
My own stupid out-of-my-ass chart (which I don't care about posting atm) says that the fair price for a bitcoin today is 265$ albeit finally trending up. My best match in the charts for the current situation is January 2012, so I don't discount the chance to see the 300s next month.
|
|
|
|
|
In regards to Monero: I don't see any sign of real development on GitHub, exception made for a few sporadic backports from bytecoin. Also the client is a memory hog (because it still loads the whole block chain in RAM) and in my opinion if they don't change that (like RIGHT NOW ffs) then in a few months it will be unusable even on a decent machine.
Rpietila, what makes you think that Monero is getting stronger every day? What am I missing?
|
|
|
|
In case of a global Ebola outbreak...Sound money will be weapons, ammo, canned food and medicines. The odds for survival in such a situation are more in favour of the most cruel and fittest men than in favour a bunch of bitcoin nerds...
It's not a zombie apocalypse. More like the spanish flu epidemic. Get a grip dude. You watch too much Hollywood. Lol  The original author was talking 30-60% population reduction, which I can't see happening without subsequent mass fear, hiding, suspicion, riots, revolts, pillaging and the like. |
|
|
|
|
I just see more and more selling pressure in the 600s (fake or not) and not much buying pressure atm. I am a tad worried for the possibility of another step down. OTOH we are in the first half of August which I expect to be quiet* if not slightly downwards (because people spend instead of saving).
* 2012 was different IMO because Pirateat40's final fuckup caused both spike and crash.
Having said that, I stay in coins - the weather is just too warm and nice to spend it trading, or worrying about having a considerable amount of fiat in an exchange.
|
|
|
|
I was thinking that Ebola as a global pandemic = very bullish for BTC.
The Elite have always wanted to monitor money flows and Ebola, if it reaches worldwide scale, will give them the necessary excuse to ban cash (as one of an extensive list of "measures" to prevent virus spread).
So once cash is 100% digital, what is left to conduct transactions between individuals that do not want to use or do not have government money?
Bitcoins / cryptos (and gold/silver for physical transactions).
If we also contemplate consequences of a 30-60% population reduction (and how that affects BTC owners as well - removing BTCs from circulation for ever), BTC can explode.
That's an excellent point. Or a sociopathically delusional one. In case of a global Ebola outbreak, who gives a fuck about our little money experiment? Sound money will be weapons, ammo, canned food and medicines. The odds for survival in such a situation are more in favour of the most cruel and fittest men than in favour a bunch of bitcoin nerds like you and me, so pray your gods we will never have to witness such a catastrophic event in our lifetime. |
|
|
|
|
Betcha we find support over the previous low anyway, giving us more confidence that the downtrend is over.
Beautiful. Summer break for traders! Easy life. Stash the coins in the fridge and go get some colour.
|
|
|
|
640 might as well take a few hoursminutes to fall. Lol even ripple and doge are trending up |
|
|
|
|
While the 635 gets slowly eaten away, methinks: is this rise connected to Grooveshark news?
|
|
|
|
Looking good, but I like how everyone is so euphoric over a 10$ move Also, tear down that final wall! Repressed bulls have taken so much shite falling on their heads last months. Even a little sudden uptrend has now the same effect on their morale as the news of a paid holiday day would do to a Chinese worker in an iPhone factory. |
|
|
|
Thanks guys ...
paper wallets next time, generated from an offline linux boot, cut it in half, half on you at all times half in a bank vault, everyone needs to do this, its important. A little hint on that topic: use a laser printer (not inkjet) you own, not connected to the WLAN. Print out on special waterproof (plastic) paper for laser printers. 1. Laser print because inkjet ink is prone to water damage while laser print ink is not. Also stay away from thermal printing eg Polaroid pics and label printers. 1a. Also QR codes from laser printers are so much more readable than the ones from inkjets. 2. Your own because big office printers have hard drives that save printed pages. 3. Not connected to the WLAN - no need to explain here. 4. Plastic paper because water damage. Also no need to laminate it if it's already plastic. |
|
|
|
|
Lots of dedicated, pseudoserious TA guys have gone silent in the last weeks.
On a side that reminds me of August 2013, which means I have still hopes for a btc1k party before Xmas.
On the other hand that means that, save a few positive exceptions, at present we're left with the sad clowns.
Bit like summer programming on TV.
|
|
|
|
|
Meh. Adding my contribution to the trollbox:
"For now prepare for landing."
|
|
|
|
|
Show Posts
