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Also going through the technology stack behind this project is pretty impressive, although I think 4 billion MVN token supply is too much.
Are you joking? The number is absolutely irrelevant as long its limited. you could make 1000 mvn or 10000000 or 1000000000000 its always the same !!! |
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Who decides what quality?
The Mavin Platform has two integrated quality verification layers. On one hand, the accuracy of the picture and the sentiment of the comments will be analyzed by our A.I. framework powered by Google and IBM. On the other hand, every single post will be independently checked by many human verifiers (e.g. users of the Mavin platform). This process guarantees that every post gets a reliable quality score and brands do only pay high fees for good quality and vice versa. In addition, verifiers can earn money on the platform without being part of the influencer activities by contributing to the quality verification. So i need to pay for higher quality to other? Thats not good. |
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Sounds interesting. How much money can i make as influencer?
Depends on the number of followers you have and on the quality determined by our Quality Verification Framework. Current market prices for good posts with e.g. 10k followers are around 50-100 USD. Who decides what quality? |
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Sounds interesting. How much money can i make as influencer?
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The site you developed is still the best out there. Please add ETH.
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Request: Add Etherium poloniex and kraken.
I came to request the same. I've used many sites to watch the markets and this one is my favorite. Its exceptional. |
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why bitcoin is going to nowhere but down?
goxed,no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco, The market is currently only a playground for gamblers and fanatics
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
many scam IPOs including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
Winklevoss ETF will actually be shot down
GABI is already priced in but shorting on bitcoin or failed to raise fund ($200 million is just fake)
Dubai exchange won't create any thing new
more PayPal or whatever businesses "accept" bitcoin (immediately dump it on exchanges via market sells), the more it will crash.
etc..
I cant keep track of all the falling accounts. Hard to count l's and honestly it didn't matter which one was posting because they were all trolling. Whoever wrote that list is fully proficient in english; the original falling account we all know and love had very limited command of the language but made up for it in frequency of posts. |
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The "REAL REASON" is a combination of the various things people have pointed out. Gox Coins The real reason is obvious! 800,000 coins stolen by MtGox are being slowly and carefully dumped on the open market, driving down the price.
The flooding of the market by the Goxxed coins will probably continue to keep the price low until they are all absorbed by investors and consumers .. how long will that take? No one knows.
Large Merchant Usage Might be the effect of big merchants dumping coin as well...
Hostile Government Actions Or hostile gov't regulation
Still coming off a huge bubble. Value of daily new coins exceeds value of daily new money entering the market Or it's falling because 3600 coins a day are released and there's obv not $1 mil/usd flowing into the market on a daily basis to buy those coins. The price of BTC needs to fall ALOT more before it stops falling.
This is going to happen for another year and a half! then even once they halve it will be 1800 coins/day which is still alot for another 4 years! This pig ain't going anywhere for the next 5-10 years
Pump and Dump speculators, hedge funds, and any other trick that has been used to manipulate markets. gox-illicit market-stamp coins are part of it. traders also have the trend and they are giving bitcoin the treatment. bitcoin was a largely untapped market for traders and they are schooling it. they want dumps, they want bumps, they want volatility. they want to see presumptins of support broken. my two pence says we r looking at 200 before this bear gets put back in its cage.
I would add diminishing confidence that bitcoin will evolve/innovate quick enough. |
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Things certainly grew rapidly in that time period. However there were a lot of factors other than the halving. 1. Bitcoin emerged in to the general public consciousness to a much greater degree. 2. China markets sprouted up and much speculation followed. 3. WillyBot. The halving was likely a factor but I would say these factors were more of a driver. |
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People buy bitcoin because they think they'll be worth millions some day, but who should be the fool buying for 1000$+?
Has this question been answered before?
Anyone in this forum who thinks bitcoin will be worth $10,000 in the next couple years would. Unfortunately there are not enough of them and they don't have a lot of money because they have been buying "cheap coins" for some time now. |
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Doesn't take much foresight to imagine all those problems being solved in due time. You people sound like those who were saying the internet would never scale in 1992.
and btw, tcp/ip v4 has the fatal flaw too, namely extremely inadequate addressing space, known since 30 years ago. you know what? we learned to live with that instead of replacing it with a superior tech. because expensive to replace everything. with every passing day, it is less and less likely that bitcoin will ever be replaced.
IP V6 will happen. It will take some time but eventually will get done. And there will be a replacement to that too at some point in the future. If you look at the history of the world you see all things go through this evolution cycle. This back and fourth is silly. My plain and simple point is bitcoin has flaws that I don't think are being addressed fast enough making it more likely that it will be superseded by something else prior to it reaching a point where 1 BTC = $10,000 USD. Yes, "all those problems being solved in due time.", but it may not be by bitcoin. Its naive to believe that bitcoin will retain its dominate position in the space forever and ever. Its evolved only slightly from its initial experimental proof of concept launch. |
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Doesn't take much foresight to imagine all those problems being solved in due time. You people sound like those who were saying the internet would never scale in 1992.
I never said the internet would never scale in 1992... |
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Why do people think that it's impossible for BTC to reach there? Not only limited to such factors as %s of gold, forex, stocks, equities, etc., but we must not forget that whenever the stagnancy of either miners or BTC will take place, some huge longs or shorts will take place for sure...
Even I hate it when someone says it's impossible as I'm too a firm believer that it will reach that for sure... Winklevoss brothers ain't much fools to say that BTC will be $1,00,000 one day...
I think Bitcoin will easily reach $10,000 one day, may not be for a few years as nobody can predict when mass adoption will occur. The only way btc wont reach the moon is if it's succeeded by a superior crypto currency (not very likely imho). I would argue that it is very likely that bitcoin will be succeeded by a superior crypto currency. Its a questions of when not if. Everything evolves and I cant think of a single thing that was not replaced by a 2.0. If "Satoshi" was still actively developing bitcoin I would expect it to retain its dominate position for quite some time. He is not. And he left pretty early after its birth. I don't think bitcoin is addressing its fundamental issues quick enough to not be replaced in the not so distant future. What fundamental issues? You are greatly underestimating the force of network effect and protocols. TCP/IP is one thing that has yet to be replaced by a 2.0. A few of the more serious issues are: Evolving away from Peer to Peer. The trend to larger and larger ASIC farms increasingly controlled by a fewer and fewer. Block Chain Size Transactions per second Do you Mean TCP/IP V4 or TCP/IP V6? Quoted from this site. http://www.tcpipguide.com/free/t_InternetProtocolVersion6IPv6IPNextGenerationIPng.htm"Since 1981, TCP/IP has been built on version 4 of the Internet Protocol. IPv4 was created when the giant, world-wide Internet we take for granted today was just a small experimental network. Considering how much the Internet has grown and changed over the course of two decades, IPv4 has done its job admirably. At the same time, it has been apparent for many years that certain limitations in this venerable protocol would hold back the future growth of both Internet size and services if not addressed. Due to the key role that IP plays, changing it is no simple feat. It means a substantial modification to the way that nearly everything in TCP/IP operates. However, even though we find change difficult, most of us know that it is necessary. For the last several years, development of a new version of IP has been underway, officially called Internet Protocol version 6 (IPv6) and also sometimes referred to as IP Next Generation or IPng. IPv6 is poised to take over from IPv4, and will be the basis for the Internet of the future." |
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Why do people think that it's impossible for BTC to reach there? Not only limited to such factors as %s of gold, forex, stocks, equities, etc., but we must not forget that whenever the stagnancy of either miners or BTC will take place, some huge longs or shorts will take place for sure...
Even I hate it when someone says it's impossible as I'm too a firm believer that it will reach that for sure... Winklevoss brothers ain't much fools to say that BTC will be $1,00,000 one day...
I think Bitcoin will easily reach $10,000 one day, may not be for a few years as nobody can predict when mass adoption will occur. The only way btc wont reach the moon is if it's succeeded by a superior crypto currency (not very likely imho). I would argue that it is very likely that bitcoin will be succeeded by a superior crypto currency. Its a questions of when not if. Everything evolves and I cant think of a single thing that was not replaced by a 2.0. If "Satoshi" was still actively developing bitcoin I would expect it to retain its dominate position for quite some time. He is not. And he left pretty early after its birth. I don't think bitcoin is addressing its fundamental issues quick enough to not be replaced in the not so distant future. |
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Satoshi = NSA
or
Satoshi = Federal Reserve
Yeah yeah yeah, I know...it's a conspiracy theory. Conspiracy theories are always wrong.
Wait, no...no they aren't.
Dismissing this possibility doesn't make you smart. I don't care what your peer group says and how much they mock you. Sometimes crazy accusations turn out to have quite a bit of merit.
I personally would love it if Bitcoin was an NSA thing. Why? Because that would pretty much ensure its success.
Now call me an idiot...because you know more than me with your open mindedness.
I'm also of the opinion that Bitcoin is likely the product of some western governmental agency or group. Either as a hedge to fiat collapse or to destabilize authoritarian regimes by giving the general population in them a method to send and receive money outside of their local governments control. So many countries have printed way too much money and its hard to envision anything other than collapse(Exodus to digital currency) happening at some point in the future. So far you see a trend of Russia and China "banning" it. If you read through all his posts he uses UK English at times but its just a smattering. Someone did a plot of all the timestamps of his posts that pointed toward UTC -05:00 or UTC -06:00 (North American Eastern or Central Time Zones). He is highly intelligent and his posts are clearly from someone well educated in the US/EU. My Guess is an American that studied abroad some or a European that emigrated to the US and has been in the US for a long time. I think its likely that the person posting was a single individual but was working with a group to produce bitcoin with a bigger picture goal than just "sticking it do da man" (banks/governments in this case). His Writings http://satoshi.nakamotoinstitute.org/Wikipedia http://en.wikipedia.org/wiki/Satoshi_Nakamoto |
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Yes I made a simple math error. I had excel open working on something else and copy paste failed me. Corrected. Doesn't change my point that that level is not realistic or sustainable. dinofelis offers the only scenarios remotely plausible where this could happen. You can have an idea what are the conditions for bitcoin to reach $10,000.- per coin.
If you consider bitcoin as a monetary unit, then it would mean a market cap of $150 billion grossly, which represents about 3% of the market cap of USD (M2 money). That's not an unreasonable target for bitcoin to reach 3% of the US money market.
It is about a third of the illegal drugs market worldwide.
You can also see it otherwise. $150 billion is about 2% of the gold market cap.
I think you made a slight mistake in your calculation: 36 million per day means 13 billion per year, not 493. The inflation rate today is somewhat less than 10% per year. That is still problematic as it is still much higher than the monetary inflation of most big fiat currencies: for the moment, it is bitcoin which is by large the most inflated currency.
So if bitcoin becomes a success on the few percent level in the gold market or the money market, $10 000, - is reasonable.
On the other hand, you do not do that overnight. In order for 3% of the US economy to be paid in bitcoin, will take a certain time. And it has to be really in bitcoin, not just "using bitcoin a few hours between buying the coins, spending them, and the merchand trading them back into fiat".
It means: being paid in bitcoin each month, keeping bitcoin as one's salary, and spending it at the groceries.
Not yet. But if bitcoin is to become somewhat of a monetary success, a few percent of the market would be the minimum one would expect, no ?
On the other hand, a surge to $10,000.- cannot be stable if the fundamentals (a few percent of the gold share, a few percent of the US economy) are not there, or are not in sight. So that is not sustainable. If ever there is a pump to $10.000,- it will for sure be followed by a huge crash. But, apart from a massive market manipulation, I wonder who would be the idiots to buy at $10.000,- in the coming years. Or even to buy at a few $1000.- as long as a single percent of the market share is not in sight.
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When considering if/when bitcoin price will hit $10,000 per coin remember: Presently 3,600 coins are created each day. At the current price of $375 per coin, that's $1.35M of additional supply created daily and $493M of additional supply created yearly. The amount of demand coming in has been less than "Existing Supply" + "New Supply" so the price has been going down. If bitcoin was to reach $10,000 per coin before the next halving. (Currently estimated to occur 2016-07-31) http://bitcoinclock.com/The amount of new supply created would be: Daily = $36 Million Yearly = $13.1 Billion Its not going to happen. Edit: Yes I made a simple error. I had excel open working on something else and copy paste failed me. Corrected. Doesn't change my point that that level is not realistic or sustainable. dinofelis 6 posts below offers the only scenarios remotely plausible where this could happen. |
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I was actually serious about my question. It's weird that the first transaction was at 2012-10-11 01:30:57; but then they started more at the end of 2013. If they started to buy at the end of 2013, thats way more than todays worth of 200 mil$. But of course, they could just randomly put more coins from mixers, to look like organic buying instead of criminal activity.
edit: If this is some legit entity buying and accumulating, without them the price this year would be much lower.
No one has provided any other good explanation. The amount and dates seem to fit. I've never tried to track flows in the block chain. So none of these have been sold? All 660,846.33462343 are still in cold storage? |
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