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There will be one more dump to 277 to give it the "old college try" to get Bitcoin to capitulate. I doubt anyone is dumb enough to try it a third time after that. After they've lost a few million, they will go back to the casino where they belong.
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When I think of sidechains I think of local currencies, mixers, and many Shamir's Secret Sharing type instruments. No change to Bitcoin is needed. Bitcoin cannot accommodate all the crazy notions that sidechains will concoct. Obviously you would be required "buy in" to sidechains using a "sendmany" transaction to give yourself multiple sidechain assets. Replace the term "entangle" with "encrypt/decrypt" because that's how sidechains must manage Bitcoins. Since the sidechains cannot actually transact in Bitcoin, only the whole units that are invested will be tradable. How the sidechains manage the keys for the invested bitcoins is entirely up to the sidechain's security scheme.
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Price is meaningless at this point. Hashrate is climbing, investment is going into Bitcoin infrastructure. Bullish!
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Cut your shoorts!
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Bitcoin price has nothing to do with the blockchain. All market trading is done with imaginary tallies in a trading program. No bitcoins are actually traded from markets. They are only deposited and withdrawn depending on how well you play their trading computer game.
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I like how many people are calling Bitcoin a failure because its price hasn't been sustained at $1000 levels, yet no one remembers that in Spring of 2013, bitcoin was sub $100. It's baffling to call something a failure even though it's STILL above the April 2013 high of $276. I just don't get how quickly they expect things to move when they say that it's a failure while still maintaining 100% gain from one year ago. Fuck.
If we use the 12 month indicator most often used on Wall Street, year to year we're down brah. If we use moving averaging, we're still way up over last year. |
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Chooo Chooo, moon here we come.
>Bulls still don't know trains can't go to the moon. Least intelligent mammals.  If I recall, mostly everybody was supposed to die on that train and a lot of them did (including the one who wasn't supposed to). I must be the only one here who didn't watch Dr. Who. Dr. Who What? I don't which Dr. to whom you are referring. Try to be more specific, please. |
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They're nothing more than market manipulation. They attempt to trigger stop loss orders in order to cause an avalanche in price. They attempt them often, usually during long boring spells of stability. The only people that don't see them coming a mile away are newbies like I was once).
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How long before Trezor ICs are available for the public?  what is Trezor ICs ? Just a figment of my imagination. IC stands for Integrated Circuit or computer chip. It's basically the notion of a miniaturized Trezor to be integrated into other electronics. It may happen someday. |
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Probably the next boom for Bitcoin will be when Trezor is bought by Sony to develop Bitcoin ICs for cameras, smartphones, and other high end appliances to timestamp automatically on the blockchain.
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Can someone ask kindly Jeff to stop stalking NXT and Mr Maxwell his sidechains coding and both have a look at this: http://t.co/eWNQq2h1Cx?? WTF ? ? ? ? Is Jeff still listing on twitter and elsewhere all what he thinks are nxt weaknesses? I thought he was done with it. Having said that all the links contained in the above post show how a bad implementation can ruin also the best crypto idea. More to the point I don't think gmaxwell has to check all wallet implementations around the globe. If you're interested in this kind of narrative look at this s djb presentation: http://cr.yp.to/talks/2014.10.18/slides-djb-20141018-a4.pdfDevs don't need to watch a sales pitch. Just show the code. Ok, next. |
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Don't forget Fred, Wilma, Barney, and Betty that also helped "manipulate" the price. Or maybe it was real people. It was Mt Gox's insolvency and fractional reserve trading that allowed an otherwise normal series of rallies and profit takings to get out of control.
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Call me whatever u want, bulltard etc, but I aint selling shit...
Back in the day I mined myself a nice ol' stash of coins, saw them bubble to over $25 each (hory sheet!), bubble popped and the future was bleak for what seemed like an eternity. It dragged on and on, the trolls were having an absolute field day. Sound familiar? I'm ashamed to admit that the trolls got the better of me I lost faith and sold my entire stash under ~$11each
I SHOULD have put my coins in cold storage, stepped away from the keyboard, lived my life, and not wasted so much time and energy on it. So, that's what i'm doing this time. I can think of a few others that would benefit from the same advice.
The problem is that lot of people are overinvested, they probably need that money in the mid short term. Lot of bitcoin investors bought because they wanted to be rich fast, and now is happening quite the opposite, they're coming poor faster with money they probably can't or shouldn't afford to lose. That's gambling in general and nothing to do with Bitcoin. Bitcoiners didn't hold at <$20 for two years because they wanted to get rich. They were awed by the tech. |
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When the panic buys come and there is no Mt Gox to sell fractional reserve coins, how much faster will the price rise?
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Bitcoin did not fail even if its worth 1$ . Price doesn't matter.
... Good point. The idiots who bought @ $1k just don't get it. Well i never bought any coins , i listen to Andreas advice, i earn them  . Got like 13btc so far in last couple of months. But again price doesn't matter, bitcoin is protocol not only a currency and it didn't fail and it probably can't ever fail as a protocol . What gear are you using? Blue collars or white collars, either one can earn bitcoins. |
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Who the heck is buying a bunch of bitcoin for over $1000 that Coinbase ran out of them?
From Coinbase:
"Note! We've exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Thursday Dec 5, 2013 at 12:38AM EST after your funds have arrived. read more"
Expect these messages soon. |
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Please Mr Bearwhale, dump another 10k BTC now!
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I'm considering to stop looking at the bitcoin price for the next few months but then I risk losing all money...
And miss opportunities to buy in low if I decide to do that.
This market really is a bitch man
You were quite young weren't you? This is good learning opportunity for you, just watch and ride it out. Forget about the profits you had for a moment and just watch this bear market. Better times will come, soon or not. Sometimes things fail and die out. This is one of them. Give me one good reason why after 6 years (of which the last year was total shit) we suddenly will go up again. Why will things get better? It already failed. Is that what you parents told you as a child? For shame. |
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