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I wouldn't answer this person because they wrote 'wot'.
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Some people rate the price of BTC in accordance to the market cap of certain money transfer companies, or to the amount of annual transfer. Not only is this without reason, it forgets the fact that a remittance requires the buying and selling of the coins. Buy = price up, sell = price down. Thus transfers being made will have little affect on btc price.
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The 20% extra credit for using bitcoin - is it only a time limited promotion?
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Lol... No.
It will stagnate for a few hours, maybe a day, then somebody will dump 500 BTC and we crash all the way down sub 230 again.
You guys still don't realize this market is fake and there is no real demand?
It's a mixture of demand and pumping. We may fall back to 260/270 at the most. I don't think we will go back to $230 unless someone is trying to bail out. It's the sort of thing that happened in mid February. Half demand, half pump. |
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These trolls, naysayers, doomsday prophets and ultra bears cannot win against the bitcoiners unless btc stops being a viable store of value. Although the price has dropped after a bubble, this does not mean that the bulls have lost. If the price remains at this amount forever then the bulls have won. This is because it is pretty much a miracle that BTC ever took off in the first instance.
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Nothing. The moon is at 10k.
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If you guys are real bulls then why mock anyone who buys at $600? Hypocrisy?
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You can be sure people will forget about bitcoin soon enough now that big companies are releasing their own bitcoin alternatives. I expect a collapse sub 100 within 2 to 4 weeks.
All indicators are there, if you don't want to lose money, get out now, don't fall for this new dead cat bounce!
Why does a guy who has been here since 2010 say such things? Is he jesting all the time? |
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Some dumpster is going to dump.
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BTCe is always a bit lower on price than the others. Bitstamp has generally been lower than Bitfinex. So where is the arbitrage?
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"It's a method of transmitting money. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view."
http://www.cnbc.com/id/101494937 Checks and money orders can have any amount put onto them. But you need more bitcoins to send more money. Also checks dont come with decentralized ledgers. Buffet is an investing genius but has no clue how BTC works. |
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I am talking about mining not the fees. Surly this isn't a good thing.
How will it go down so that when the block rewards are very low the fees will be sufficient for the mining cost?
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Some are questioning why this current spike in price hasn't been followed by a dump. It is quite clear that this wasn't a pump and dump. It was one person buying a lot in a short period of time. A period so short that few dumpsters had the opportunity to ride the wave. Had the price increase been slower then the dumpsters would have joined in the buying only to dump later.
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I think this is the least volatile period since the last bubble. Anyone agree?
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