bitcoin heading to ridiculous new highs .. check the price today!
I hear you brother. Buy everybody buy. Cheap coins. The market is supporting a price of 320$ Today. Each bitcoin put to sell find an immediate buyer at this price. You're welcome  It's Christmas time, I need to give some BTC as gifts... Give away! 330$ Today, it's a gift for those who want to buy. Must be a bigger gift at $309 A miracle at $289 |
|
|
|
Very amusing.
What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.
Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.
In response to that what is happening?
People spending their BTC? NO!
People selling their BTC? YES!
People continuing to hoard BTC waiting for it to come back? YES!
People mining any great quantity of BTC on their own? NO!
People cloud mining making tiny BTC profits? YES!
These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.
By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.
You heard it here.
Down 11% in 60 days June is coming. |
|
|
|
bitcoin heading to ridiculous new highs .. check the price today!
I hear you brother. Buy everybody buy. Cheap coins. The market is supporting a price of 320$ Today. Each bitcoin put to sell find an immediate buyer at this price. You're welcome It's Christmas time, I need to give some BTC as gifts... Give away! 330$ Today, it's a gift for those who want to buy. Must be a bigger gift at $309 |
|
|
|
|
I will give you some hands on first hand experience.
I'll give it all to you in dollars to make the math easy.
I bought a 5 Mh miner on 11/21/14 for $79
$54.62 is what I have been paid out to date.
Currently they are charging me $0.404 a day in maintenance
I am currently earning $0.405 per day in bit coin
If difficulty didn't change, at 1/100th a cent per day I would break even in 66 years.
YOU NEVER BREAK EVEN - Its a money loser.
|
|
|
|
Burn down your home/data center/jungle hut 10 times faster with SOLAR!!! TAKE MY MONEY!!! |
|
|
|
Will that happen before or after the FTC dumps several million dollars worth of Butterfly Labs BTC on the open market very shortly?
Just curious.
Mmmhmmm. Just FUDing. Using the U.S. Marshals sale of the Silk Road seizure as an example, they are unlikely to dump them on the open market. However, if they did, using Bearwhale's 30,000 coins as an example, the market will choke them down with a temporary small negative blip, followed by a nearly instant return to almost the predump price. FUD harder. The FTC is not a law enforcement agency like the Marshalls, FBI of Police. Not likely they will have to auction anything because that takes time, they will dump them in as little as 3 weeks on the open market The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of consumer protection and the elimination and prevention of anticompetitive business practices, such as coercive monopoly. |
|
|
|
BTC will flag post between $300-$450 for another month or so. When it breaks $490 level we will see another run. Just my 2 cents.
Will that happen before or after the FTC dumps several million dollars worth of Butterfly Labs BTC on the open market very shortly? Just curious. |
|
|
|
"What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions."
For every seller there is a buyer, you might as well say that everyone is buying.
I think JoeVentura has a valid point regarding the fact that if the BTC price is falling, then more coins are being offered for sale than there are coins being bought - and that is why the price is falling. On the other hand if there are more coins being bought than offered, then the price rises. As you suggest, Arriemoller, in the end, that claim about dollar cost average selling may NOT be saying too much; however, I believe more importantly, is that JoeVentura got it wrong b/c dollar cost average selling would have been taking place as the price was rising... however, the price has been falling for nearly a year... so what we have NOW, or at least in the past 4 months or so, are continued attempts to force the price down by big cats and attempt to cause regular people to panic and to sell their coins.. and this dynamic is NOT about dollar cost average selling, like JoeVentura is so boldly and wrongly asserting. << sorry not buying this. |
|
|
|
Very amusing.
What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.
Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.
In response to that what is happening?
People spending their BTC? NO!
People selling their BTC? YES!
People continuing to hoard BTC waiting for it to come back? YES!
People mining any great quantity of BTC on their own? NO!
People cloud mining making tiny BTC profits? YES!
These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.
By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.
You heard it here.
The price is higher than a year ago People spending their BTC? YESMore people are involved in Bitcoin than a year ago and way more people have heard of it; the price couldn't sustain 700$+ this year but things change and when the western economical environnement will become very toxic very clearly again the price will rise to new highs, been there done that! <<--- A comment you will able to say for about another two weeks then BTC will be at a 12 month low because your comment is only true because a year ago it was a few bucks lower than it is now and then proceeded on a rocket ride to like $1200 |
|
|
|
|
BitcoinSuperNode.com
If you are familiar with Bitcoin and you know the potential value of this name and its intrinsic value.
Price is 3 BTC
PM with questions
|
|
|
|
|
How an economy works.
If you create a currency (print money, mine bitcoin, etc)
and you don't spend any of it, then the currency will lose value until it is worthless.
If you haven't spent any of the Bitcoin that you have mined then you are contributing to its reduction in value.
If I were asked to provide an answer to the question of "What is Economics?" on a test, I'd probably write the following explanation:
"Economics is the study of how individuals and groups make decisions with limited resources as to best satisfy their wants, needs, and desires"
So my question is what are you doing with your BTC to satisfy your wants needs and desires.
If your answer is "I am sitting on it and not spending any of it"
If the majority of people are doing the same then the result is that the Bitcoin economy will wither and die.
If you say "I will let others do that and just wait for the value to go back up"
Then I am here to tell you you are going to be waiting a long time.
|
|
|
|
Very amusing.
What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.
Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.
In response to that what is happening?
People spending their BTC? NO!
People selling their BTC? YES!
People continuing to hoard BTC waiting for it to come back? YES!
People mining any great quantity of BTC on their own? NO!
People cloud mining making tiny BTC profits? YES!
These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.
By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.
You heard it here.
Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed. All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it. You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up. Pissedoff: I agree with some of your assessment, but NOT all of it. Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board. Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level. Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue. Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum. What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions. Bitcoin is very different from Gold for example, the cost and difficulty to mine gold is pretty static. If the cost to pull an ounce of gold out of the ground is $300, when gold hits $299 they stop mining gold, when they start back up the cost is still $300 With bitcoin, when the price of mining a bitcoin drops below what it cost in electricity and equipment to mine one, people will mostly stop, When they start up again the cost to mine a bitcoin will be higher than when they stopped. The overarching problem is that bitcoin users are not savvy investors, they panic sell and hardly ever buy low. Therefore the overwhelming majority will watch BTC go down to $50 and walk away and never look back, on to the next new thing. Then companies like Bitpay and Coinbase will be stuck with hundreds of thousands of near worthless BTC. There is no fed to sell your BTC back to, so many will be left holding the bag. If Paypal does not announce that they will utilize BTC in their model before the Christmas holidays, then we will see $80 BTC by the summer. Then everyone will sit on them, never to return. Another Newbie heard from. Soon you will be able to post on other boards. Where you can spread your valuable one liners with everyone. |
|
|
|
Very amusing.
What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.
Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.
In response to that what is happening?
People spending their BTC? NO!
People selling their BTC? YES!
People continuing to hoard BTC waiting for it to come back? YES!
People mining any great quantity of BTC on their own? NO!
People cloud mining making tiny BTC profits? YES!
These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.
By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.
You heard it here.
Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed. All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it. You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up. Pissedoff: I agree with some of your assessment, but NOT all of it. Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board. Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level. Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue. Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum. What is causing the slump is people are dollar cost averaging out, everyone is saying the transactions are up, that's because everyone is selling. Those are transactions. Bitcoin is very different from Gold for example, the cost and difficulty to mine gold is pretty static. If the cost to pull an ounce of gold out of the ground is $300, when gold hits $299 they stop mining gold, when they start back up the cost is still $300 With bitcoin, when the price of mining a bitcoin drops below what it cost in electricity and equipment to mine one, people will mostly stop, When they start up again the cost to mine a bitcoin will be higher than when they stopped. The overarching problem is that bitcoin users are not savvy investors, they panic sell and hardly ever buy low. Therefore the overwhelming majority will watch BTC go down to $50 and walk away and never look back, on to the next new thing. Then companies like Bitpay and Coinbase will be stuck with hundreds of thousands of near worthless BTC. There is no fed to sell your BTC back to, so many will be left holding the bag. If Paypal does not announce that they will utilize BTC in their model before the Christmas holidays, then we will see $80 BTC by the summer. Then everyone will sit on them, never to return. |
|
|
|
|
Very amusing.
What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.
Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.
In response to that what is happening?
People spending their BTC? NO!
People selling their BTC? YES!
People continuing to hoard BTC waiting for it to come back? YES!
People mining any great quantity of BTC on their own? NO!
People cloud mining making tiny BTC profits? YES!
These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.
By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.
You heard it here.
|
|
|
|
|
ROI is like 300 days.
If power is free
|
|
|
|
Ya'll just go on believing your fantasies. Heh. It's a shame you won't admit when you're wrong and you'll just continue to move your conspiracy goal posts as each one is knocked down and moved past. This is why you are jokes and I don't take your seriously. You have done this all along, you continue to do it now, and you will continue to do it going forward, of this I have no doubt.
Put your big boy pants on and let's chat in 36 hours. Then we will see what you take seriously. By that time the judge will have signed the papers putting BFL into permanent receivership and starting the slow methodical process of dismantling all of it, dollar by dollar, BTC by BTC. An entire community of people standing ready to show them every dollar that was moved and where it currently resides. The liquidation auctions, the refunds, the bank accounts being sucked dry for every dollar. Refunding people who bought 65nm gear! It's going to drive you absolutely ape shit isn't it? To watch everything that you screwed people so hard to get being taken back. Then the fun part, the forensic accounting, closing the EMC pool, auctioning your house. Oh yes the house has to go because you were wrongfully enriched Joshie poo. The first house bought by bitcoin and the first one auctioned. We are all going to be watching, applauding and ultimately it will not be a last laugh, it will be hundreds, thousands of laughs, all at your expense. Hope you hid enough to retire, because no more work for you that does not end with "Would you like fries with that?" And here we are 36 hours later, the curtain having fallen and BFL surely has to now be out of business. The Skype chat logs exposed, all the intentional lies, premeditated deceptions, all out in the bright light. In my opinion having just read the court filing everyone at Butterfly labs who was in management was a criminal who knew exactly what they were doing and now caught will be forced to pay restitution, lose their houses, cars and way of life. How many BFL employees does it take to flip over and put the rest of them in jail? Just one! |
|
|
|
[...]Hope you hid enough to retire[...] Why would you hope that Charles? You sir have a good point!! Regarding idle hopes or your name, sir?  Idle hopes. Avatar represents an old friend of the family Then: to idle hopes, friends & family (we drink)!!! PS no chance those connections could help solve this issue in a bit more speedy and gentlemanly fashion...? Hahaha no, would never leverage those connections on something that will ultimately be addressed by the feds. If someone gets off scott free and gets cocky then perhaps. |
|
|
|
[...]Hope you hid enough to retire[...] Why would you hope that Charles? You sir have a good point!! Regarding idle hopes or your name, sir? Idle hopes. Avatar represents an old friend of the family |
|
|
|
|
Show Posts
