All of you that have been paying attention to recent block chain movements and sales have probably seen the ever increasing cash outs by early adopters.
What do you think the reason for this is?
Have a link for reference? |
|
|
|
|
Many will retire poor if they did it last year.
|
|
|
|
I'm more interested about $300 barrier, $250 is nothing significant. The price was at 261 on Bitfinex just 3 weeks ago, 300 on the other hand was touched (and even passed) 4 times this year and the price never managed to stay above it.
Shouldn't be a problem to break 300. Cost of mining is way above that price for a while. |
|
|
|
Hi guys. Today bitcoin value is $356.12 (22/Nov/2014) I have 3 bitcoins and need $1340 for last days of December, what to do? My options. A) Keep the bitcoins, the price will go up! B) Invest in other coins, Doge and LiteCoin will go up! C) Sell that 3 btc and take that $1050 and try to earn 1 btc to get that $300. Im of the idea "If price goes down, get more coins", but if you have a "Option D)" share it please  Price trend still continue pointing downward. |
|
|
|
|
Not everyone is as wise as Satoshi and want to get himself involved with authority.
|
|
|
|
Bitcoin will be over the news all over the world due the silk road bust.
History will repeats itself.
Price went down 20% last time silk road is busted. |
|
|
|
I've turned permabear  . Bitcoin will be replaced by a POS-coin distributed by a government or a really large organisation, here is why: All traditional currencies have something in common: they were initially created by an authority in which a lot of people put their faith in, an authority which they didn't mind would benefit from the inflation/creation of the currency. Sure, many of said currencies were officially backed by gold, but people accepted that the backing inevitably would get fractional. Bitcoin is mostly issued by lucky early adopters / mining-speculators, which is exactly the kind of people that society would hate to see benefit from currency issuance. The advantages of the incoming competition will end up making bitcoin worth nothing more than collector's stamps. The fact that the competition isn't visible or even existent yet, doesn't mean than it's not coming. We will see the benefits of cryptocurrencies for humanity, but it won't be Bitcoin, or any of todays altcoins. The question is when does the collapse of Bitcoin start. Could be 5 years or 5 weeks from now. Thinking the same way. Government, after all, have the gun to enforce the law and protect citizens from scammers. |
|
|
|
Currency wars is not only battled on the gold front. Asian central banks are manipulating their exchange rates to boost export, transferring their unemployment to other countries
Unemployment is fine if all the unemployed are well fed and entertained. Which is not the case in the US or Europe. |
|
|
|
This is a very important level... I'm sure we will either have a quick bounce up or another continued slow bleed down. I think we will test 400 again soon, what do you guys think?
Next strong support level is below 150 as the rise from 100 to 1200 was quick. |
|
|
|
|
I also think we may hit below $200 in 2015 when there is a more widespread usage for the coin rather than speculation.
|
|
|
|
As a Chinese, I do see my country is becoming more and more powerful. But it's still far behind the US. That's why I still want to do a postdoc in the US.
Academy certification is over supply these days. How much do you think a postdoc get paid compare to an average sales job in US? |
|
|
|
My best attempt to explain it is this:
If their only existed 100 1 gram gold nuggets, and 1000, 1 gram silver nuggets; than a trade of 1 gold nugget should equal 10 silver right?
Unfortunately, no. Price depends on supply and demand. The demand curves for gold and silver are not the same, so simply scaling the supply curve by a factor of 10 will give you different results, even assuming the supply curves are also the same. Just look at the actual numbers for gold and silver. Silver is 17 times more abundant than gold, yet gold is worth about 50 times silver. While price is depended on supply and demand, value alone is depended on demand alone. When demand picks up, price will go up and there will be more supply in the market. |
|
|
|
Is it even possible?
It's all kind of self-perpetuating...how can the last coin even be mined?
Price of bitcoin will either need to go to astronomical level or hash rate has to go down by many folds factor down the road for mining to continue. And yes, the last block will be mined even if bitcoin price go down to less than 1 dollar. |
|
|
|
short selling bitcoin is as simple as messing with a mysql database the meant to represent a balance of real bitcoins.
i prefer localbitcoins and otc's, where the true blockchain coins live.
offchain trading on mysql databases have been happening for years
Offchain trading can not influence bitcoin price for long without threatening the solvency of the exchange. |
|
|
|
|
Taking desperate measure to increase sales to keep his company alive.
Competition among online retailers are fierce. I am surprise he is able to keep overstock afloat this long.
|
|
|
|
I will jump in if the price get lower than $200. |
|
|
|
interesting times ahead, thank you!
Yeah. End of the world will be interesting. Might be good for the earth if human get wipe out. |
|
|
|
|
Think we might actually see $100 again if nothing change.
|
|
|
|
|
Trend is still going down and will remain this way until some good news come a long.
|
|
|
|
|
Might as well do something else with the money if you only invest in 1 bitcoin.
|
|
|
|
|
Show Posts
