Wise words. ETH will likely never recover from this and the DAO is as good as dead. Feel bad for all the people and apparently there is going to be a hard fork to give people all their ETH back. Yeah lets see how that effectd the market lol.

Shoot even us old timers having been in this a long time it is very exciting. Somebody said in Bitcoins 2700 day existence only 60 of those days have been this price or higher. So it really is a rare occasion.

There will be 4 halvings to then so while it's possible I think you will only be a mid hundred thousand-aire by then because to be millionaire the price per coin will have to be 100,000... Which is moon shouter stuff right there lol.

People seem to be selling at $100 marks for example at 600 and then 700. Today people are selling early not at 800 but 770 and so I think we may need a week of stability or so before the next big moves to 900 and beyond. Nothing wrong with that and maybe I'm wrong.

There is no news people are just taking profits early from the expected sell pressure wt the $800 mark. I don't see it falling more than what we saw at 600 and 700. Typical but yes it was early and a little more than expected.

LOL I knew the DOA was basically a joke and a half of not working properly but now there is catastrophic failure of it? Smells like an inside job from devs that put in secret code vulnerability to sneak away with multi millions. That person is sitting on their own private island by now I'm sure.

Lol a centralized bank ran fiat scam coin. If and when those come out we can no longer even be made at premine scam altcoins because that will just take the absolute cake in terms of shitcoins. No way anybody would use a random bank coin imo

This post is from January but still has a good point that there WILL be people taking profits at all levels within the rally. We have seen it at $600, $700, and now prematurely before $800 at ariumd the $770 level. So yes selling pressure is increasing.

Well there's already a 5% dip today. Some people are taking their profits early before even $800 this time lol so I'd say it's a good buy but obviously thr price is volatile so don't trade what you can't afford to lose.

I'm not exactly sure what you're asking but to set up an economy first there needs to be something people want. So let's use BTC. Somebody with a lot of Bitcoin has to employ work on people for goods and services. Think farming for food or building huts/houses. He trades Bitcoin for food and a house which now the farmer and builder have. They trade that for maybe a rug or clean water or something. So you see it really doesn't matter what the currency is as long as it can be sustainable and traded for goods and services and is not easy to get. That's why gold was used for so long in direct trades.

Miners have big bills to pay so they often sell daily what they manage to earn. Electricity fees are HUGE even at low rates like .06 and also the hardware is very expensive upfront costs.

Whatever selling pressure we run into in the next month is negligible for the one fact that the supply of coins that miners will be selling are halved. So the demand will outpace supply and it will be more of a trader's market. Last time I checked traders want to make money.

Governments and banks are actively looking into Bitcoin technology. While they may not decide to use Bitcoin really doesn't matter because now they have legitimised it and Bitcoin is unstoppable. If i could pay my rent, food and utilites in btc I'd already do that

A lot has changed for sure and this rally is holding strong even as peoppe sell at key levels like 700 etc. I think we will stay high up purely on the fact that the supply will be cut FOREVER. So maybe it goes down one day but that doesnt matter as much.

Well if they had a dynamic rate based on the price of Bitcoin then you would always be payed the same amount of money but different amount of Bitcoins. That is how it will have to be until everybody uses bitcoin and then it is stable.

It will be around much longer than 100 years. The only way Bitcoin could die is if somehow people couldn't buy and sell it online. That is the only way that it would die.

I don't know what is worst in this section. The doomsayers claiming bitcoin will die or the extreme bulls making nonsense price targets based on nothing lol. People need to calm down

You can get left behind easily that is right and I think that btc won't hit those levels until after the halving some months because as the rally loses steam in july people will be selling.

Bitcoin almost always has outpaced gold in terms of profit. It is like the gold of the internet and you can even use them if you want. Good luck trying to buy a giftcard at walmart with a gram of gold LOL

When yoy're a miner it's hard to save your coins because you have to pay quite a lot of it in electricity. So I think most miners sell the coins they get daily and maybe a few do it weekly or monthly.