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Well yea... People expected the moon, they got another exchange, so, like i said... dead cat bounce...
We will be back around 200 if not lower within 24 hours
Grow up! The market increased 40% and you dont have the brains to realise that the traders who bought in cheap are taking profits. firstly, they will no doubt buy back in again around 265/255 and new money will be attracted. you were the one insisting 2 weeks ago it was going sub 100 when it was around 160..instead we have had 60% growth and almost 100%` if you use todays high. keep telling everyone how doom and gloom i all is whilst we fools suffer strong gains |
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first: we have to figure out the rock bottom! So in case bitcoin bounces off somewhere between 5$ and 120$ we could look at this question again. Before finding bottom: useless idea even to think about 'what if' Bitcoin is a reflection of society...a walking zombie.
And society hasn't even arrived ... these are still the more intelligent zombies these days ... This is almost impossible. 1 most coins are held for the long term 2 As the price drops then it becomes more attractive an investment 3 Far to much money will flood in to buy BTC well before hitting $100 I will caveat this with one proviso. Underlying Bitcoin technology isnt found to be totally flawed ( As it is open source and been under the microscope of pletny then this is very very unlikely) So may I suggest you put forward reasons why it will go sub $100 without a flood of coins being bought? |
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The bitcoin price is unrelated to mining costs or coin inflation (block reward).
Wow dude, just wow. You are insane. Its actually realted to a large level. 3600 coins are generated from mining and can be dumped daily. If halving happens, then that dump would decrease. So in a way, price fall will slow down, and possible rise will happen. Well how do you account for the price rising as inflation has fallen since 2009? I'll say it again. The bitcoin price is not related to the cost of bitcoin mining. Inca is correct. There is a relationship but it is exceptionally small and to help the Noob from looking a total clown 3600/13,000,000 equals the increase in supply so thats like the effect of a running tap into a reservoir! Just to add, if miners elect to "turn off" their programes then there wil be less in the pool to solve the maths problem. This being the case the time to solve will rise above the 10 minute target time. Should this happen then the system will reduce the difficulty of the maths problem to compensate.. So mining isnt a major issue. What Inca probably wishes to say is stop commenting on something you dont understand as the current BTC market is so small that it is purely driven by sentiment. Majority of coins are held as long term investment. Each day the price drops, mainly from panicky fools who dont understand markets and BTC technology so think BTC will crash to nothing, then more people are buying and storing for the long term. The rest are being traded by smart arse traders who will make money irrespective of the market falling or rising. They just need volatility. If you really understood markets and basic maths then you would apply one to the other and understand that the current levels of trading i.e. thin is the main reason for the price dropping... To summarise, mining has little, or no effect on current price fluctuation. Its purely sentiment! |
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i want to know if anyone can answer a few questions with complete details please?
Why the value of Bitcoin is going down?
When would it be back up?
Would it ever goes back up like 2012 at $1,000?
What's really going on with bitcoin?
Price was going down due to very little trading for about 2 weeks followed by a run of sellers compared to buyers. Most sellers didnt leave they just bought back in at a lower price. Some sellers had no choice as they were caught up in options and would lose their shirt and some sellers just lost the faith and panic sold ( I doubt they will come back in for a long while and miss the boat) Price will go back up when more buyers than sellers AND the volume increases. It will rise sharply once most of the traders feel that market is rising however it is also down to new money appearing and that is down to the BTC sermon being spread around verses all the bitcoin horror scam stories associated with money and any new technology. Yes it can easily exceed 1000 in 2015, all down to market sentiment and some good news which offsets the critics especially the ones who dont take time to understand it properly and misinform. Whats really going on is simple.. its in its infancy, attracting risk investors and they will drive it up and down like a prostitutes knickers, over time adoption occurs and it will increase in price and reduce in volatility but thats a long way off. Hope this helps. |
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My hope is to revisit this topic at the end of 2015 and see how many of my predictions came true.
Today, 1/17, we saw bitcoin sway around the $200 mark; in response difficulty is dropping. All miners at the 1W per Ghash level or worse have been squeezed out. The newest, best miners are barely profitable. WHat does this mean for the price of bitcoin?
Hi TJ, I support your thinking. These were some if the reasons i got into BTC last year and nothing has changed. I would like to make one point which few seem to understand. Regarding mining the system has been designed to adjust for Hash and processing. As the power of the mining equipment increases then the difficulty rises and vice versa. This is done by the system looking to achieve a maths difficulty level which equates to 10 minutes to solve. if the solution time differs then the difficulty is adjusted to compensate. I believe the system has a two week delay regarding adjustment but someone on here will accurately confirm this. Simply put, less miners, more miners, hiher processing speed, lower processing speed has no long term effect on the system. After such a long bear run then I understand tiotally the ack of confidence regarding BTC returning to previous levels. In reality it is in its infancy and it only takes a few bulls over a few days (traders) to buy a decent amount and "Woosh" suddenly BTC is rising and the bull run returns. With BTC being so cheap (relatively) and the market Cap being so small then it doesnt take a genius to realise a Market Cap rising to $50billion is equal to the value of a large Company which is nothing in comparision to world potewntial.. Have some faith Guys! |
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...
A whole year of bearmarket topped off by an epic crash should start make you think about the fundamentals.
Many of us thought about the fundamentals pretty deeply 3 or 4 years ago. Nothing's changed, except massive development and expansion of the ecosystem. Simple point.. Well put! |
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more likely to go sub $100 before it goes to $300.
why? Look at the buy orders on the exchanges.... As the price drops it will attract more buyers and the price has just walked up 50 points in under 2 hours. Nothing has changed regarding Bitcoin. It still works and its in its infancy, the price refelcts sentiment but please learn markets.. price drops which attracts more buyers and once buyers exceeds sellers price rises....about 20,000 BTC have been bought on Bitstamp in 2.5 hours which suggests plenty of people are ready to buy and, god forbid, if the price starts to rise quickly then watch the rush. Finaly the people who panic sold and lost will wait and wait and wait and then finally buy back in when their confidence returns and that will be right at the top of the market and.. woops, more crying as they lose on the next fall! The smart people bought BTC for the long term and are not worried unless they are day traders and they are loving all this high volatile market and making a killing on the panic sellers who dont understand how investment models work... Rant over Thank you... Elvis has now left the building |
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I have considered this question for sometime and read, with interest, previous posts regarding this topic.
Working from the premise that Bitcoin technology is solid, stable, reliable etc and the only flaw in the system are the consumers and that it will grow and will be a success, in some form or another then I believe it's value is between $300 and $500.
Today's price is all about sentiment as opposed to need.
What i mean is this. If I am a farmer and grow a crop then the price is determined by supply and demand which is directly proportional to the amount of people to feed and the demand for that crop.
Bitcoin is in its infancy with a lot of players showing interest, about $500m invested in BTC associated development. Currently there is far more BTC swilling around then needed to buy/sell with and this is owned by investors/speculators. As the day to day usage increases then the % held "on account' reduces.
So BTC spot price is based on sentiment created by traders not by the underlying adoption. Currently it is underpriced and a lot of panic selling has led to this but as the price drops more "investors' will buy which creaes the next rise. The next rise is important to create interest from outsiders and attract new money into the field and I can guarantee one thing... there will is another market bubble coming and we will go through this whole process again, and again...
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Hi Guys,
Since I chose to invest in bitcoin I have seen it fall, other than one peak from 275 to about 440 however the underlying principles have not changed and my confidence hasnt changed.
In the last few days I have listened to a plethora of doom slayers saying its going to drop to ZERO and its a fad.
I find this funny as it is so in its infancy its unreal.
My major concern over the last few week was a real lack of trading leading to a slow decline followed by some panic.
Finally I have watched, when BITSTAMP hit 160 a trading turnaround equating to about 8,000 BTC changing hands for over 2 hours and the price rise, and rise and rise.
This is what I have been waiting for, finally some trading activity because until we see VOLUME then we will not see confidence.
Bulls are bliund and struggle to see. Rather pointless standing in the middle of the ring and pulling out a small red hanky and waving it... If you want to entice a Bull to run then you need a "Feking;' great big red blanket and wave it like mad.
I just caught a glimpse of it this evening.. Lets hope it continues and all those traders now revert their FIAT back to BTC and drive it skyward.
If you are a pessimistic troll pleae explain 20,000 btc in 2.5 hours and 45 point rise if its dead!!!!! and no dead cat bounce because thats just an excuse and not applicaple to something new in the dawn of its life... They dont say Dead KITTEN bounce, do they!!!!!
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If the news author's exact quote is correct, then Gavin did use the word "dangerous" to describe Bitcoin. If Gavin didn't mean this, then he should learn to choose his words more carefully.
Jornalists like to create drama. I think Gavin was referring to bitcoin being "dangerous" for ordinary people who are not comfortable with computers. We know how easy it is for new users to loose coins to hackers and scams. +1 Doesnt take a genius to work out what he meant. He is referring the hands on side of buying, selling and storing not the underlying technology or principles. Unfrtunately it will make for bad PR |
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The platform at the beginning focus on Arbitrage. It has a section where you can see clearly all the arbitrage opportunities in the market on 9+ different currency pairs: BTC -> FIAT (Ex: BTC/USD), FIAT -> FIAT (ex: USD/EUR) and BTC -> Altcoins (Ex: BTC/LTC). Once the engine to find those arbitrage opportunities and the UI of the application is ready to go live we will focus on showing more actionable insights in the cryptocurrency market. The idea is to have a section to show the most lucrative investment opportunities: show the best loans opportunities, show best mining companies and show other possible lucrative opportunities in the cryptocurrency market. As per " lucrative opportunities" I mean funds offered by platform like: Bitfinex, BTC.SX, BitMEX, Bitcoin Investment Trust and more... Actionable insights are given with the application engine which looks constantly the market for investment opportunities and shows in the application UI in a clear and understandable way. Possum577 asked: Can you share one version of your newsletter on the forum as a teaser for us?
Unlucky the newsletter is not ready yet but it will be in the next month. I'm a developer not a marketing guy and I'm developing the application by myself so I need to focus on the application itself than to the marketing aspect of it. I'm doing my best in here. Re: Arbritage.. Great concept but unless you have a way to transfer funds immediately on and off exchanges then hard to achieve. I dont suppose your app you are developing will do this? My current exchange uses cold storage nd actions transfers 3 times a day so unless i hold a shed load of FIAT/BTC on each exchange then arbritage remains a nice concept only. Join our newsletter and get notified when the platform goes live!www.coin-analytics.comThe right platform to make the right decision for all your investment needs |
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Is there an upcoming decentralized system or multisig operation yet?
open bazar and few other, but the biggest i think is open bazar, still not completed Coinfloor in the UK is but it is very young, by comparision, so doesnt yet have depth of liquidity. |
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So all you need to do is believe the value will increase in a nice roller coaster fashion to about 3000 in 3 years and sell about 6 times on the peak and buy back in on the trough and ensure the buy back price is 50% or less than the previous sell price,
So this guy must be using the crystal ball method...I want your Crystal ball as i only need to that 3 times between now and the price hitting 1000...If i get it wrong i could also devalue my investment by half....
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Cryptocoins are not "VERY EASY" to trade. Unless you are an insider scammer. Sorry to burst your bubble.
Well thats a load of rubbish.. i chose to buy into btc in the summer once i had done some research.. within 7 days i had opened, and verified 4 trading exchange accounts. i accept that it takes me 3 days to deposit funds but the money is there now so all i do is leave my wealth on the uk exchange and transfer the btc i wish to trade with to china and tradr, instantly, Simples. If i can do that then its Fucking easy!!!! |
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short translation - the BTC im hoarding in a cold wallet isnt going to make me rich as I expected.
BTC was meant to be a currency and thus spent, traded, gambled and used not just stashed away until the price went to the moon making all early adopters overnight millionaires.
Show me a currency that suffered such massive image loss and I'll call bitcoin a currency. Until I'm calling bitcoin 'bitcoin'. Not a currency, not a stock, not a commodity. Thats easy to answer.. Try the Russioan Rouble which recently dropped 40%!!!! I agree that Bitcoin is not a currency and will not be recognised until the Market Cap is way Higher and the masses recognse it. I would suggest that at least 5 to 10 years away. I disagree with you that its not a commodity though because thats how it is being traded. If we go back to basics then it is similar to gold which started off as a precious metal, evolved to a commodity,then evolved to almost a currency and then reverted back to a commodity. |
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Well i hope so, it seems like a sustained attack where every couple of weeks the price gets beaten down 5%
Attack ? How come someone can attack a 4 billion USD market cap ? Definition of ATTACK>>>> when a group of Bulls or Bears start to buy or sell in unison thereby increasing volume turnover and affecting the price substantially in either direction |
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Well i hope so, it seems like a sustained attack where every couple of weeks the price gets beaten down 5%
Sorry but i cant see any sustained attack in the last 8 weeks. The price is consistently dropping through low volume and every so often rises when volume increases to then slowly slide back. |
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I hope it bounces up, too, but don't we need a higher volume for this to be significant? RIght now it only looks like a continuation of the bleeding out that's been going on for quite some time now and that can't be good for anything, this just pushes the price down further, and isn't causing any support to remain valid.
I'm not a "trader" so it's up to you guys. But isn't this when you're supposed to be buying the dip (cheap coins)? People seem real good at selling the tops, but poor as shit at buying the bottoms. Between the farms cashing out and the short-capades going on at all times is it really a surprise that it's continually bleeding out? Well, a lot of people are really greedy and will never sell at the top, but buying the bottoms is hard because things look dire then, and people start to panic. This is contrarian-investing, but works only when you are totally sure about what you are doing! As soon as emotions get involved, you are screwed! Please introduce me to someone who knows what they are doing and thus accurately predict the price.. I have read a lot of threads on here and havent come across anyone yet. Cheesnut is excellent at short term predictions using EW but thats only for the short term traders. |
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gems. This is the app that can bring Bitcoin mainstream. A decentralized messaging app that rewards users for signing up new members and contributing to the network. Advertisement dollars spread amongst the users. This is it.college kids will be all over this and spread it like they did Facebook
based on ponzi referral, don't think so, crap idea Please before you spout rubbish actually go and find out what a Ponzi scheme is! A ponzi scheme is taking money, promising a guaranteed dividend, usually large, and then paying that dividend from the receipts of the next investor. Gems is simply an app which pays the users from money received from Advertisers so its NOT PONZI!!!! |
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Repent, Sodomite, for it is written:
These shall make war with the Lamb,
and the Lamb shall overcome them:
for he is Lord of lords, and King of kings:
and they that are with him are called, and chosen, and faithful.
Amen and happy New Year, my child!
~Rev. FatherBob.
I have no desire to make war with him. Just restrict him to his own space where his followers and potential followers could visit thereby allowing the masses to enjoy other threads without being exposed to his continual negative trolling intervention.  |
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