good idea to go long now?
opened, let's see still remembered the 30k BTC sell wall at $300 that got gobbled up ...... the support at $300 should be quite strong. It seems a lot of volume rushes in at these levels. That being said, there will be no slowdown in production till 2016. I can imagine a scenario where the persistent, relentless selling from institutional miners will discourage bag holders who got in recently (within the last year) and they could indeed dump their bags and make a bad situation worse. It's like a war of attrition. What will run out first? Supply of new coins from sellers incentivized to sell at almost any price? Or supply of fiat from buyers who believe in the long term success of bitcoin? This could be a long and ugly battle. |
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So at what point do the avid early adopters stop smirking "Bitcoin is doing just fine." and "Quiet you! I bought at $30, blah blah blah" and start to recognize that there may be a serious problem here with apathy and lack of adoption going on?
Say, at $200? $100? $50? How low does it have to go before the realization that no one gives a shite about bitcoin any more starts to set in?
Hmmm, good question... Below 275 - surprised, but not astonished Below 200 - some hesitation and doubt and worry Below 100 - outright disbelief, I'd probably be paralyzed at this price and unable to act Below 50? I'd probably throw another couple grand at it just in case it doesn't die |
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Boom! I just watched the wall at 310 on stamp vanish.
Quite exciting, this roller coaster. Exhilarating and gut-wrenching at the same time.
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Love that pic. Meanwhile bids are getting filled at 336 on virtex (that's roughly 285 USD) Odd that Canadians are that bearish. |
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come on baby, stay low just a little longer! i need to buy some.
my sentiments exactly Careful, those sentiments are not taken kindly around these parts... Happy new year wall observers! Here's to many more cheap coins in 2015! "As low as possible for as long as possible"  With great momentum to my ignore list, happy new year and good bye  |
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Happy new year wall observers! Here's to many more cheap coins in 2015! "As low as possible for as long as possible" |
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Thank me now, or cry later.  went margin short. right on track, fuck it. My fiat is moving to catch some 2** coins Good luck. I have absolutely no indication or premonition on how this is gonna go. If you have data that you feel comfortable acting on at this point, kudos and best wishes, but right now I'm feeling this is pretty much a coin flip. Long term as well i am uncertain. If it survives until at least 6 months after next reward having I expect at least 10k but I could not place a good probability on the chance that bitcoin will still exist at that point. So still an all or nothing bet to me at this point. |
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3 years ago I would have laughed if you told me bitcoin would be $300 in 2014. what are you all complaining about  just under 5 years ago I read an article about something called "bitcoin" and I made a mental note in my brain that it would reach $1000 before or in 2015. so yea.... depends on one's perspective and expectations... I also assumed that improvements would be made to the protocol like cutting the time between blocks and other obvious scaling improvements. I thought that if it hit $1000 by or in 2015 that it could easily go to $10000+ by 2025. However, again I was under the assumption that the protocol would improve in its scaling factors. Given the poor performance of the bitcoin dev's and miners to improve these scaling factors, and the fact that a lot of people waste energy on hacks to work around these scaling issues, I am less confident of it reaching $10k. However I could see the coin going so low in value that the dev and mining community would risk a hard fork in order to improve those scaling factors as a last ditch effort to shore up this generation 1 tech. thats why we have numerous alt coins assuming that PoW is the decided mining method, you would need it to be an SHA-256 algorithm, to allow the Hundreds of Millions of dollars in existing equipment to be relevant. Interestingly, the brief paycoin rush demonstrated that with minimal co-ordination more than 20% of the bitcoin network moved over to an altcoin in the span of a week. 1minute blocks are the future, but come with a lot more blocks to store on drives, and i hope we see it become an issue by late 2015. right now the system works - improvement is second to security Did you hear the interview with vitalik where he mentioned a two tier coin? Like a symbiotic secure coin and volatility coin pair, where the volatility coin would provide the needed liquidity to keep the price of the stable coin stable? Also some stuff about hybrid pos/pow systems, and how the miners really have no power in the system at all. If the wallet holders, the people that run the full nodes and the core wallet software decide to fork, the miners are kinda out of luck... can't even mount an attack at that point if you were to change to something other than sha-256... Was very interesting to me, and thought it might be interesting to you, as a fellow miner. Hang on one sec I'm get the link Edit* https://epicenterbitcoin.com/podcast/058/@17:30 - forcing every miner to run a full node, eliminating the efficiency and centralization of pools, (not sure if this would actually work to fix centralization, but interesting nonetheless) @33:15 decentralized proof of stake pools, kinda interesting, still doesn't fix the problem of large stake holders controlling a fixed amount of the issuance, but still intriguing. |
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Am I doing it right?  Yes but you need to change your signature from this. "The only thing about bitcoin that matters is that it is an accurate ledger of transactions, that it is open to the public, and cannot be fucked with." to this "The only thing about ripple that matters is that it is an accurate ledger of transactions, that it is open to the public, and cannot be fucked with." Ok ok, let me try... The only thing about ripple that matters is that it is a ledger of transactions between parties that must be trusted not to fudge the numbers, that the issuance of the underlying currency is totally controlled by those trusted parties, and that only the trusted parties are allowed to change the rules as they see fit. Yup, nailed it! |
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i am thinking to change all my btc in bitshares and ripple  Crack on! sell all your coinz! Invest in RIPPLE AND TEH BANKZ!!!!1 This is a Bitcoin price movement tracking & discussion thread, not a ripple pump thread. Please restrict the discussion to Bitcoin price movement tracking. Hmmmm, ok, The price of one bitcoin 10 days ago was 10,000 ripples, today it's 13,000 ripples. Am I doing it right? |
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Lol, looks like a tidal wave. I hope you all have plenty of bitcoins ready to dump to prevent the tsunami... |
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...
Need a rally next week to bring up BTC to a safe level.
I Disagree. Need large sustained dump to fill my bids. As low as possible for as long as possible. |
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Are you happy now?? Isn't this what you all wanted? You've been cheering for cheap coins all year so you should all be happy
Exactly. I truly don't understand all this complaining, confusion and fear. Just 6 months ago you were begging for cheap coins. Every small dump was heaven. What happened? Is it not fun anymore? These god damn traders are a disease. WHY AREN'T YOU CELEBRATING YOUR CHEAP COINS? Traders are providing liquidity and assisting with price discovery. Why do you care so much about price? Interesting new things are being developed every day. http://podcast.runtogold.com/2014/12/btck-120-2014-12-24/  |
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Bitcoin is dying?  How do you kill that which has no life? You need to shoot it in the head, duh. Have you never seen a zombie movie before? "Bitcoin, the currency of choice for the coming zombie apocalypse." |
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Anyone have any thoughts on Today's Bitcoin Bowl?
For promotion they should have been handing out paper wallets, like scratch tickets so the private key is covered, and some instructions on the back. When you buy merchandise, you could show your wallet to the vendors and they could load some coin as kind of cash-back promotion... |
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I feel Rickrolled. You also seemingly missed my question: ...
BTW, remind me how many euro had to be in the slave's account to start losing money? Was it 100,000.00 (one hundred thousand) Euro?
I don't understand. You are saying that if I have a large amount of liquid assets I should expect them to be stolen by bankers or governments?... No, I'm merely suggesting that if you have over 100,000 euro in the bank, you're doing alright for a slave. Some might even say relatively well. I've personally met free men with less, strange but true! Won't lie tho, I have a hard time feeling pity for folks with over 100K in the bank. I'd go so far as to say I don't. Especially if they have the gall to call themselves "the slave class"  Those fiat dollars in the bank are merely the chains that bind the slaves. Or so I've been taught to believe by my Beneficent Reptilian Overlords...  |
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There's lots of talk about cheap Bitcoins
So what USD Value do you think a Bitcoin would be cheap ?
Below average mining price, whatever price that may be. We soon may find out however. The world was willing to pay 80$ a barrel of oil because that was the lowest price offered. Now the Saudis are offering it cheaper (because they produce it cheaper) and the world is willing to pay 60$. Obviously value is some combination of both. So the question becomes: who will be able to produce the cheapest coins, and if the world will be willing to pay that price when it hits? I removed my statement because it was redundant. There is a real need for oil, production is currently outpacing demand, thus the price adjusts. There is also an argument to be made that there is a demand for a legitimate alternative to the current fiat system of money. Bitcoin may or may not be the answer, but at some point, something has to give. |
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I feel Rickrolled. You also seemingly missed my question: ...
BTW, remind me how many euro had to be in the slave's account to start losing money? Was it 100,000.00 (one hundred thousand) Euro?
I don't understand. You are saying that if I have a large amount of liquid assets I should expect them to be stolen by bankers or governments? (One in the same, really) Or are you just saying that as a slave with less than 100,000 that I should just shut up and be happy about my situation? |
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BTW, Any peeps who cry out "don't quote the trolls" this is simple debate, if you find it offensive, just go ahead and ignore me too.
Calling "troll" is one of the ways the early birds here deflect any sort of criticism. Point taken. I will refrain from using that term in the future. |
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BTW, Any peeps who cry out "don't quote the trolls" this is simple debate, if you find it offensive, just go ahead and ignore me too.
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