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Difficulty adjustment is going to adjust upward about 8.5% in the next ~100 blocks. I predict a price jump (not sure how much) lagging that adjustment by at most 96 hours. So roughly by next Thursday.
This is just my prediction based on what happen in the past difficulty adjustments.
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How can it take 8 business days to get to Dwolla when it took 12 hours at most to get USD into mtgox from Dwolla?
Seriously that makes no sense...
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Game instructions are simple: Type one word that fits nicely into the previous word(s) contiguously to make a sentence. Sentences can run on and on and on...no restrictions on words. feel free to use any word as long as it somewhat grammatically make sense. Here is the first word: FATEDIT: The word you add goes at the end of the string of words already in play.  |
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Last baby boomers start claiming their entitlements through the U.S. gov't.
Financial markets, Equities, Gold, and Silver crash at least 25% each.
Unemployment/underemployment reaches 40%
Short-term deflation is in the air as there is a run on fiat currencies.
Central banks print in an effort to stop deflation.
Helicopter Ben overreacts and ends up inflating the USD into oblivion.
Investors dump their dollars to get real tangible goods (gold, silver, real estate, commodities).
Gold and silver prices skyrocket and this produces a mass shortage of physical metal.
Bitcoin prices, given its unregulated nature, have skyrocketed up to $100, down to $30, up to $500, down to $150, and have gone upwards of $1000 each.
...
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Let's speculate on the total fiat that is sitting on the exchanges right now.
Any educated guesses?
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I would love to see more pictures/videos with custom mining hardware.
Please post here if you also have the new BFL products.
Thanks!
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Disclaimer: At the time writing this I own 0 LTC and only BTC. Bitcoin's success is due to its agreement between many people that it is "money". More so free-market money. Litecoin and maybe namecoin (given more adoption) can be just as successful in terms of it being free-market money. This is key. The free markets must choose it to be money. Bitcoin has done this in a small way in terms of the overall world. Don't be closed minded when it comes to cryptocurrencies. As you can see I have all BTC at the moment. So I'm not cheering on LTC or NMC in any way shape or form, just giving the benefit of the doubt that the free markets could choose it too to be a medium of exchange. Time will tell..  |
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At current difficulty of 2,036,671.08 and current price of $9.50/BTC here are some things to note:
1. One month of mining at current difficulty with 1TH/s would produce approx. ฿15,013.09 or $142,624.31
2. With current pre-orders there stands to be about TEN 1 TH/s rigs already. So 10 TH/s of mining power.
3. Current network hashrate is 14.6 TH/s.
4. Difficulty will at least double with these figures.
5. with the block reward halving the perceived value in dollars and difficulty will be x2.
** I would say interesting times are ahead with the new mining hardware to come on the scene in the next 6-9 months and further down the line.
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That would be awesome!  |
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Vote. I'm tired of this bullshit. BCX making BS claims and can't back it up. You deserve a SCAMMER tag.
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Who communicated to Danny Maddox through facebook and told him to come to the bitcointak.org forum in order to get answers?
This WILL determine if the supposed DannyMaddox post are true or false.
I know one of you on this forum who had Kelly Wu as a friend on Facebook.
Let's hear it guys....
Confirm it please.
One thing that doesn't make sense, as a side note, how did Danny Maddox know which people on Kelly Wu's FB were linked to this forum?
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1. BS&T and PPT will forever (if they still exist years from now) decrease interest rate payments due to the rising demand for bitcoins, the rising difficulty to mine bitcoins, and the block halving every 4 years (one upcoming soon).
2. Pirate trading with customer funds makes him somewhat of a "money manager" which the last time I checked you need to be licensed to do that sort of thing. Then again with bitcoin, the law is hazy.
3. People trusting Pirate with their bitcoins without expecting pirate to truly reveal his identity (personal information/contact information) is shady. Now now, meeting up in Vegas isn't much more than a stunt to keep people "comfortable" with investing with him.
4. With Pirate being in Vegas and interest payments being cut in half just about and another round of payments coming up shortly, isn't the the market oddly quiet? I think this confirms what we know based on market movements that he is a big player in the bitcoin market of trading.
5. At some point the gig will be up. There is a threshold coming soon (no predictions) that will likely force Pirate to return everyone's funds (if he can) or run with everyone's funds.
6. If I'm going to "gamble" or trade with my money and possibly lose...i would rather lose because I bought or sold at the wrong time than to have someone else (i.e. Pirate) do it for me and lose it.
Feel free to add below.
Don't be surprised if PPT/Pirate/BS&T joins the names like MyBitcoin.com and Bitcoinica.
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I think the price is too high now at 0.006btc. No services...no merchants...pure speculation. I love the fun of speculation. I just refuse to buy at these prices. Made my profit for now. Have at it guys! FUN!...especially when you're making bank! |
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