9
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: August 02, 2017, 09:09:17 AM
|
Any people here who got their BCH/BCC from their cold storage wallets and sold them already on exchanges? I wonder if its availeble yet. BCH is not available for deposits on any exchange that I'm aware of. Kraken and Bittrex both gave BCH for BTC holders at the moment of the fork, but it's been impossible to deposit BCH from wallets yet.
|
|
|
14
|
Bitcoin / Bitcoin Technical Support / Node unreachable, port 8333 opened
|
on: May 22, 2017, 02:55:57 PM
|
Port 8333 opened, bitcoin-cli showing inbound connections: [bitcoin@server bitcoin]# /home/bitcoin/bitcoin-cli -datadir=/home/bitcoin -conf=/home/bitcoin/bitcoin.conf getpeerinfo | grep inbound "inbound": false, "inbound": false, "inbound": false, "inbound": false, "inbound": false, "inbound": false, "inbound": true, "inbound": false, "inbound": false, "inbound": true, "inbound": true, "inbound": true,
Fully sync'd: { "version": 140100, "protocolversion": 70015, "walletversion": 60000, "balance": 0.00000000, "blocks": 467593, "timeoffset": 0, "connections": 14, "proxy": "", "difficulty": 559970892890.8381, "testnet": false, "keypoololdest": 1489099117, "keypoolsize": 100, "paytxfee": 0.00000000, "relayfee": 0.00001000, "errors": "" } Bitnodes.21.co test is failing with "node unreachable". Port is opened, I can cURL to port 8333 from outside networks. curl -v x.x.x.x:8333 * Rebuilt URL to: x.x.x.x:8333/ * Trying x.x.x.x... * TCP_NODELAY set * Connected to x.x.x.x (x.x.x.x) port 8333 (#0) > GET / HTTP/1.1 > Host: x.x.x.x:8333 > User-Agent: curl/7.51.0 > Accept: */* > * Curl_http_done: called premature == 0 * Empty reply from server * Connection #0 to host x.x.x.x left intact curl: (52) Empty reply from server Any suggestions?
|
|
|
16
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: March 02, 2017, 08:21:30 PM
|
What is up with the gold parity and Gox ATH and so? Just asking.
Gox ATH was an imaginary ceiling, and breaking it is closure. Any holder of bitcoin EVER is now in the green. Now 1 arbitrary unit of account (a BTC), in a decentralized protocol thought up and developed from nothing more than an idea, is worth more than an oz of GOLD... In <10 years. Naysayers have never been grasping at straws like now.
|
|
|
18
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: February 08, 2017, 12:16:00 AM
|
I like to think parity in terms of ~380 ounces per BTC. That's due to the ratio of 6.1 bn above ground ounces vs 16.15 mn bitcoins mined. That would require a price of $456k per BTC - but at least the scarcity ratio would be accounted for... As a side note, the problem with gold spiking upwards is its large marketcap and large annual production levels. At current prices, ~3500 tons of gold per year of new mining output (without factoring recycling) is ~110mn oz. That requires 132bn USD to absorb. A tenfold increase in the price of gold, would suddenly require 1.32 trillion USD per year just to buy annual production. The problem is that there is no such liquidity in the system for allowing this. On the other hand, silver or bitcoin, can do much larger runs due to their smaller marketcap and much smaller liquidity requirements to buy their annual production. BTC at 10500$ (10x) would require just 6.9 billion per year to buy the annual production (657k coins x 10.5k usd). Silver at 170$ (10x) would require 136 billion per year to buy the annual mining output of ~800mn oz. Gold is priced so high that the numbers involved are too high at 1.32 trillion USD (in a scenario of 10x price) for its 110mn oz. It could happen in a hyperinflation scenario, but then the money one takes wouldn't be worth it anyway. In a sense, gold is constrained from doing a huge run by its large marketcap and the liquidity requirements in the fiat system to sustain prices of 10x+. Silver less so, and bitcoin even less so. Bitcoin seems to be the best bet in terms of upwards potential because it's so small and its fiat requirements to sustain its rise and mining output absorption are equally small. Nice analysis.
|
|
|
19
|
Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
|
on: February 04, 2017, 12:27:26 AM
|
Back above $1K, and not a single Average Joe around me knows anything more about Bitcoin/blockchain than they did in 2013, or even seems to care. This is amazing.
Now I know why they call them "late adopters". I don't blame the really old, the really young or the unborn. I blame the older, middle-aged folks who have money to invest, but are just too plain ignorant or scared to see the financial change tsunami that is coming. By the time they finally look up, Bitcoin will be well north of $10K.
I remember my grandmother still writing physical checks for everything, 7-8 years after the rest of society had moved on to using the debit card. She finally used one a few years before she died, and I remember the look on her face.... she was blown away at the speed and convenience. Priceless.
I remember me getting on dial-up on the PC in my bedroom, when my parents though I was in there "hacking" ala War Games style. They thought the internet was and always would be just a toy for nerds.
I remember carrying around a clunky Treo smartphone (which was actually smaller than your average smartphone today), when literally *everyone* had crappy flip phones and thought that smartphones were only for nerds. Especially the women, lol.
|
|
|
|