|
It will go up.
Or it will go down.
Or it will stay the same.
Don't read too much into TA.
|
|
|
|
Today is last day I can do this contact me now
what are the current prices for the slots. im confused |
|
|
|
ridiculous. its not worth a coin over 150. |
|
|
|
and those better investments are ??
ASICMiner shares. Go to bitfunder.com and invest in G.ASICMINER-PT. It pays a weekly dividend. |
|
|
|
|
Not at all a threat to bitcoin because I'm guessing it won't be able to do many of the things bitcoin can do.
I bet it will be a "virtual currency" that you can only use on Apple apps and maybe iTunes music.
It will probably be pegged to the dollar.
You probably won't be able to trade it back for dollars.
You probably won't be able to give it to other people.
It is actually good news because it might bring more press to Bitcoin.
Apple hasn't done anything innovative since Steve Jobs died and I doubt it will start now.
|
|
|
|
it went from 30 to 2, last time
so 266 to 20 is realistic
the only question is whether money flows into or out of bitcoin, at the moment it looks bad. Obviously newly mined BTC are sold and there are no new investors.
the good thing is, if it goes from 266 to 20, there is no reason why there shouldn't be a third wave which could take it to well over 1000
No. You just made this up because you believe there must be a "pattern". You can use past history to predict the future. There are reason for everything and when we can't see the reason we invent something. |
|
|
|
|
If bitcoin drops to 10-20 it is pretty much dead.
|
|
|
|
Correct, it is NOT upgraded. Wish I would have had the option, but that is for NEW orders I guess..  No, everyone had that option. |
|
|
|
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle. make it go back up, please. I can't You are not much of a hero member So go look for some superhero  Are there superhero members? |
|
|
|
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle. make it go back up, please. I can't You are not much of a hero member |
|
|
|
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle. make it go back up, please. I can't  |
|
|
|
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
We aren't in the midst of a hype cycle. make it go back up, please. |
|
|
|
|
It seems like we see a lot of sudden crashes like this recently, and then periods of slow growth, only to lose it in 12 hours or so. We don't seem to see the opposite any more, by which I mean buying that causes the price to soar, like we used to. What is going on?
|
|
|
|
|
Anyone have any idea why?? It's below $108 now and shows no sign of reversing.
|
|
|
|
BTC Is going back up Thank god...  And XRP Is going up too No, it's down below $108 now and shows no sign of stopping. Anyone have any idea what is going on? |
|
|
|
|
Two weeks is not long term.
|
|
|
|
|
I don't think he understand what "legal tender" means.
|
|
|
|
You are completely wrong. Difficulty does not drive price. Price drives difficulty. If it is not longer profitable to mine, miners will stop mining and difficulty will decrease. If bitcoin goes up, more people will begin mining to take advantage of it. Difficulty would then go up.
If it cost $80 of electricity to make a $1 bitcoin, well then, no one would mine and the difficulty would plummet. The miners aren't able to demand any specific price. The market dictates that. And yes, they will take a loss if the need the money. But very quickly they will simply stop mining if they are going to keep on taking a loss.
Miners don't necessarily sell their bitcoins. They may to chose to hold. Whether they do depends on the bitcoin price and what they feel like the price will do. It is independent of difficulty though.
Why did the value crash at $32 in 2011, but is holding steady at $120~ today? Difficulty does indeed limit price. If you could pay $100 for hardware (immediately delivered, no BFL shenanigans) that was mathematically proven to mine 5 bitcoin over the next month, or you could pay $200 for 1 single bitcoin, which one would you pick? Most rational investors will buy bitcoin from the cheapest source. If mining is a sure bet, and effectively significantly cheaper than buying directly, rational investors will mine. When bitcoin hit $30 back in June 9, 2011, difficulty was less than 1/30th of what it is today. That would translate into $900 per bitcoin today. Anyone who mines can do the math, if bitcoin was worth $900 each at current difficulty mining would be far more profitable than anything else, and buying bitcoin would be incredibly stupid when you can mine the coin for a fraction of the market price. >The miners aren't able to demand any specific price. Sure they can. Every bitcoin trader can pick their own price. The special thing about miners is that they bring in 3600 brand new bitcoin every day. As a trader or speculator, you only want to sell bitcoin if you think it's time to take some profit, or if you think value is likely to fall. Miners don't care much about those things, but they do know enough that selling at a loss is dumb. I don't claim to know how many miners hoard and how many immediately sell, but lets say it's a 50/50 split. That would mean that the current equilibrium around $120 is based on 1800 bitcoin entering the system daily, at market prices. If you study the exchanges at all you should be smart enough to realize that 1800 is a very significant amount of coin, enough to push value up or down by $1 easily. Add that up for every single day, as mining is always going on, and you should realize that miners can and do demand whatever price they want, over time. You remove that usual 1800 bitcoin per day flow from mining and value will climb by $1-2 per day on average. Now, this doesn't occur much because typically value and difficulty DO follow each other fairly well. But if you look at the graph I posted above ( http://www.bitcoinx.com/charts1/chart_large_lin.png ) it should be as clear as air that in the last 3 years, price exceeded the difficulty curve twice, and each time was followed by an immediate correction downwards inline with difficulty. On the other hand, there have been ZERO equivalent corrections during times when difficulty exceeded value as usual. Y ou can hand wave and explain all you want, but from bitcoin's inception up until today price has indeed followed difficulty.So, none of the miners need to pay for maintenance if margins goes down?
I don't think most do, no. I think the majority are regular people who have a day job and mine on the side. Do you personally know anyone who has quit their job to simply focus on mining bitcoin? Mining is a fairly hands-off task, once you get things running you don't need to spend a lot of time on it, so you would have to have a really serious operation before it made sense to focus on mining full time at the expense of regular alternative income. You still have it backwards. If it is cheaper to mine as a source of bitcoins at bitcoins current price, then people will mine and the difficulty will rise. That has 0 effect on the price of bitcoin. There are always going to be 3600 coins mined per day (until the block reward halves again). This never changes. Everyone else must buy bitcoins if they want them. You are saying that if mining is cheaper relative to price then everyone will mine and price will drop. This is not true, because difficulty will quickly rise to compensate. Those who still want bitcoins will be forced to buy. Again, this is because the number of coins produced per day is constant, no matter how profitable mining appears to be. When I look at that graph, I see difficulty lagging price. A boost in price, causes more people to want to mine, and thus a later rise in difficulty. It's not the other way around. We'll see what happens in the next couple of months. DIfficulty will go up 2, 3, maybe 4 times by the end of the summer. During that time, I predict bitcoins price will not move much at all, and may even decrease slowly. I doubt we will see sustained price above 140 the next few months. |
|
|
|
|
GPU mining is already dead. Even before the 500,000 or so Avalon chips that are due to be shipped.
Don't forget that BFL is finally shipping and claim to have their entire backlog of 60,000 orders shipped in the next 90 days (I doubt that but still they have finally started shipping in larger quantities).
You also have Avalon batch 2 and 3 which have yet to ship (batch 2 has barely begun).
And then you have ASICMiner which is not only sellign hardware but mines >25% of the world hashrate themselves.
|
|
|
|
|
Show Posts
