china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close. The crisis was imaginary. What happened in China was actually good news. |
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My guess is we get another wave of selling, while it's still advantageous to do so before Monday's western exchange fiat begins to arrive. You have a very strange definition of "advantageous". Are those who are selling people who just want to throw money away by selling low today instead of high tomorrow? |
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Huh this is a joke right? The Bitcoin price corrects back to its price 4 weeks ago and it's starting to fail? Btc holders need a little more courage behind their conviction that lead them to investing in the first place then they wouldn't get phased by these normal growing pains which most here have seen over and over and over again.
It's not a joke - it's panic/short sellers who are afraid that they'll have to buy back in at a loss so they need to spread some fear around to keep the price down. |
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Another thing you can do is start mining on all the pools that support GBT so that you know what transactions are going to appear in the next block. If you see the transaction you're interested in get picked up by a majority of the hashing power and no conflicting transactions make it, then you're probably good. |
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Good news coming from these sources makes me suspect a large dump coming soon.
Not sure what you are worried about. Large dumps must come from existing holders. Any existing holder can dump at any time. This has always been the case. Just need to look at rpietila's list to see where the risk of that is. Also, large dumps are good in the long run as they spread the coinage into more hands. The big banks are not monolithic like the Romulans or the Borg! Analysts have free rein to examine areas of the financial landscape within their purview (stocks, bonds, commodities, RE, etc). Their opinion helps take Bitcoin into the mainstream of the world economy, which it has to, eventually. Perhaps what they don't write yet is that everyone in the financial sector will utlimately have their jobs irrevocably changed as a result of the crypto revolution. What I was worried about is the tendency of these firms to use their own public statements to game the market. When I see a Wall Street firm of any kind saying positive things about something, my default expectation is that they are talking the price up because they want to sell it. |
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Wait till you see what I'm wearing during the Inside Bitcoins (West) conference in Las Vegas. Same as CCC in Atlanta? |
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Oh sorry, didn't mean to be vague. To the moon!
Vague is better. Done correctly, it means you can never be wrong. |
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BTW, that video was not random. You guys have your charts. I have my funky sensations. Maybe I should say ambiguous. If the price goes down, I can say it was about Bitcoin. If the price goes up, I can say it was about the USD. Win-win. |
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The question is how long this time to twice the previous ATH? 2011 took two years. Spring 2013 took 6 months. If the pattern continues, 5-6 weeks this time around. |
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Cryptography or it didn't happen.
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I was all in the mood to watch, but it says it doesn't exist  It must be some random, transient, YouTube failure and not because I left out a character in the URL, because who would ever do that? https://www.youtube.com/watch?v=bw9CALKOvAI |
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Let's say only 300000 people own bitcoins today and they all decide to hoard their coins for 20 years. How will this new money spread to the rest of the population? If the rest of the population wants the bitcoins, they will offer of something in trade which the "hoarders" prefer to have instead of their bitcoins. It's the same as any act of voluntary trade. Who's responsible for forcing people to create and operate the restaurants where you want to eat? Nobody. If you and enough other customers are willing to pay enough to make it worth someone's time to build and operate restaurant, then they'll do it. Who's business is it if somebody decides to refrain, for any reason, from spending their currency? Nobody's. |
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Bitcoin is not succeeding because it's a cryptocurrency - it's succeeding because it offers features which no government will ever be willing to provide.
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Saving is good, hoarding like a lunatic is not. The beauty of Bitcoin is that people like you can't forcefully impose your subjective preferences on anyone other than yourself. |
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I am beginning to wonder if I am the only person here who does not live his parents, has a car which cost more than a thousand bucks, a nice sofa and er.... a girlfriend. I'm with you on three those. The other two are intentional choices in order to reduce my living expenses as low as reasonably achievable. |
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I'll have to try again next time. By the time I got the dependencies installed, Coinbase finally broadcasted it to the network.
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Traceback (most recent call last):
File "./cli.py", line 4, in <module>
from pushtx import pushtx
File "/home/justus/src/pushtx/pushtx.py", line 5, in <module>
import requests
ImportError: No module named requests Are there some dependencies that need to be installed for this to work? |
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