 Show Posts
|
|
Pages: [1]
|
|
Exactly, look at the dollar - S&P stated this morning that even after the debt ceiling is raised they will still downgrade US credit rating to AA. People are talking more and more about leaving the USD as the reserve currency. The EURO, well lets just say that's a whole sandbox of disaster. It's like kids spent a whole week building a sand city and then a 3 year old came in and went Godzilla on its ass.
Bitcoin is taking shit just like the rest.
|
|
|
|
|
I'm holding, I doubt it will move higher overnight. It was a large bid and thank god for it ^^
|
|
|
|
If you have been around stocks and currency trading you will know these things come in waves. Things go way way up and they peak, they then sell at that peak and the wave goes down. Right now, people are selling and it will stay like this for a month or less and then it will pick backup. People who don't understand get scared and sell and those smart kiddies wait and hold on to it and the price will spike back up. The world is not ending, bitcoin is following the norm, stop worrying.
i'll start picking backup at about 6 or 7. The only time this would all fail is if people sell and then walk away and not come back.
Apparently, you've missed my point: the bitcoin network is a state-of-the-art general ledger (one giant, digital bookkeeping notebook with 2,100,000,000,000,000 potential credit/debit rows). Bitcoins (and their fractions) are those very rows, and nothing more. So, it does not matter whether one uses 1BTC or 0.00000001BTC to move around $100 worth of value between the parties involved, a bitcoin, in and of itself, has no inherent price other than what we pay miners for processing every credit/debit entry. Now, it's up to the bitcoin miners and users to decide how many of those credit/debit rows to make available for all transactions. The sooner everyone realizes that little fact, the faster we can put "bitcoin is a commodity" idea behind us. But we won't, it's traded as such and most people here treat it as such. We are human and we like to put a value on it. I never said you were wrong, I'm just stating that there is no reason to panic or flip out over a sale. |
|
|
|
|
This is not the end of bitcoin... it comes and goes in waves
|
|
|
|
|
If you have been around stocks and currency trading you will know these things come in waves. Things go way way up and they peak, they then sell at that peak and the wave goes down. Right now, people are selling and it will stay like this for a month or less and then it will pick backup. People who don't understand get scared and sell and those smart kiddies wait and hold on to it and the price will spike back up. The world is not ending, bitcoin is following the norm, stop worrying.
i'll start picking backup at about 6 or 7. The only time this would all fail is if people sell and then walk away and not come back.
|
|
|
|
|
Here is a tweet from those guys: i Just passed a 47,000 point security check by an independent 3rd party. Our platform is also now PCI DSS compliant. Daily tests starting now
Seems pretty serious so far.
|
|
|
|
|
Yah, i've been trying to get a full year long chart of mining stats but I would throw a guess that summer lowers the processing power and increases the amount of lost share and blocks due to crashing and heat issues. I just have two cards and they alone bring up the heat in my room ten fold.
Much like the government keeps USD at near 0 rate level, bitcoin exchange markets should do the same. I was reading another post, but a real good change for bitcoin will be if the US defaults on their debt. People are running for safer currencys and if the US does ( I doubt it will) I would rack up the fee's when people start running for higher ground. But that is just me, I know currencys pretty well but I'm new to bitcoin and I'm just absorbing ^^
-Iyeman: But how many people will get turned off by that diffculty?
|
|
|
|
|
Well I think part of the reason that we are stay at 14.00 USD is because of this fee. Honestly I would keep it at 0.1 for now. In few weeks it will go back up. Also, just browsing through the forums a lot of people are taking a break from mining do to this summer heat. I believe that once we get later in the year when all these power machines start outputting heat to heat our homes, more people will jump online and fee's will go up.
It's basically a trend.
|
|
|
|
|
Working on two different things at the moment:
Working on a online bitcoin magizine based off of popular magizines like the New Yorker and Economist. It will be digital and most likely a monthly deal. Also, there will be a website for web-based news. There doesn't seem to be any real direct site for bitcoin market statistics and trends.
&
Working on a automated trading application that can use public API's to trade BTC. At this point there will be a cloud app and mobile app for android.
Cheers
|
|
|
|
|
hello from redmond washington,
Just found out about bitcoins from another currency trader -- we were talking about different staple currency instead of the USD and somoene brought up bitcoin. Interesting concept, put my crossfire to work for once.
Cheers
|
|
|
|
|
I was curious about this too and if so what client were they using to do this
I noticed all the API's but that would requiring building an application
|
|
|
|
|
Just started the other day.
5750: 153 avg
5750 (x8): 123 - 153 avg
HP Proliant Sever:
4-8 Varies
|
|
|
|
|
