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81  Economy / Speculation / Re: We will break $200 again on: September 03, 2015, 10:21:14 PM
Btc cant go below 180$, if it happens all of the bitcoin miners will abandon this project. That means the total collapse of bitcoin.
No, if the price goes low enough that some miners abandon Bitcoin, the remaining miners make more money. The amount of mining self-adjusts to the price.

We're probably going to see a lot of miners drop out at the halving in 2016. Since miners know that's coming, they've planned their hardware purchases with that in mind. As a miner, you'd like to have your hardware into the profitable portion of its life cycle well before the halving. Expect the hash rate to level off or decline going into the halving.
82  Economy / Speculation / Re: $300 in the end of August on: September 03, 2015, 10:12:14 PM
Since the price could suddenly drop to the seabed, of course, it also can suddenly rise to the Moon.

It doesn't work that way.  A price rise requires more money moving into Bitcoin. A price fall doesn't.
83  Bitcoin / Bitcoin Discussion / Re: Beware of exchanges using bots on: September 03, 2015, 10:10:34 PM
Any idea what the non-bot transaction volume of Bitcoin is?
84  Economy / Speculation / Re: This drama is ridiculous... on: September 03, 2015, 12:14:28 AM
I think collectable Cabbage Patch Dolls are a bit different to a decentralized currency. Bitcoin will very likely go up and down for quite some time but I think it has a long life ahead of it and the potential for big gains is still huge.
The Cabbage Patch Dolls operation is still in business. They operate "Babyland General Hospital", where the babies come from. There are tours, fake nurses and doctors, and lots of baby stuff. Cabbage Patch Kids has been running since 1978, decades longer than Bitcoin.

It's a lot like Bitcoin. You have to believe.
85  Economy / Speculation / Re: $300 in the end of August on: September 01, 2015, 06:40:32 AM
Didn't happen. $229 at the end of August.
86  Economy / Speculation / Re: This drama is ridiculous... on: September 01, 2015, 06:37:40 AM
So the price is lower and has been. Who cares? Average down. Keep at it. Hold long-term. Eventually you'll break even and profit.
Ask the people who invested in Cabbage Patch dolls and Franklin Mint collectables how long-term holding worked out.
87  Bitcoin / Bitcoin Discussion / Re: Does the deflationary nature of BTC "encourage hoarding and delay spending"? on: August 30, 2015, 12:18:39 AM
If it weren't for "hoarding", the price would have gone through the floor by now.

There are still people hanging on for $500,000, or even $1000 again. Read the "I AM HODLING" thread.

Meanwhile, 2015 is the year of "meh" for Bitcoin. $225 ± 25; whenever it gets outside that range, it comes back in a few weeks.
88  Bitcoin / Bitcoin Discussion / Re: Behind The Story: The Rise and Fall of a Bitcoin Kingpin on: August 28, 2015, 09:59:49 PM
Behind The Story: The Rise and Fall of a Bitcoin Kingpin

https://www.youtube.com/watch?v=Tl7IDQDu5PI
Which Bitcoin kingpin? Karpeles? Ver? Shrem? Ulbright?
89  Bitcoin / Bitcoin Discussion / Re: BIP100 gives miners too much power. Everyone should reconsider it on: August 28, 2015, 08:27:01 AM
Miners make the rules. That's how the system is designed.

The problem is that the design didn't anticipate 2 or 3 mining pools being a majority.
90  Economy / Speculation / Re: Back to $225 on: August 23, 2015, 09:28:01 PM
And here we are, around $225 again.  July's brief bubble has deflated, and we're back to the new normal.

Brief history of Bitcoin:

2013: Wow!
2014: Aargh!
2015: Meh.
91  Bitcoin / Legal / Karpeles re-arrested in Japan, charged with theft of Mt. Gox customer funds on: August 22, 2015, 08:19:34 PM
Karpeles has been re-arrested in Japan, and is now charged with embezzling ¥321 million (US$2.6 million) of customer deposits from Mt. Gox.

This follows the 23-day interrogation over manipulating prices.

92  Economy / Speculation / Re: why bitcoin is dumped so hard? on: August 20, 2015, 08:57:15 PM
For the first half of 2015, the price was $225 ± 25.  That's where it is now. What's the problem?

Bitcoin has had two major runups, both driven by external use cases. The first was Silk Road I drug sales, and the second was getting around China's capital controls. Both of those were shut down. Without a new big use case, there's no particular reason to expect another runup.
93  Bitcoin / Bitcoin Discussion / Re: XT 12.7% of Network - No blocks mined on: August 20, 2015, 06:41:51 AM
Miners, not nodes, determine block size. Only miners can validate a transaction. If miners don't generate bigger blocks, bigger blocks don't happen.
94  Alternate cryptocurrencies / Altcoin Discussion / Re: Moving into LTC until XT issue is resolved? As a safe haven? on: August 19, 2015, 04:55:35 AM
Litecoin is not a "haven" for anything.

If you want to get out of Bitcoin, buy dollars or euros.
95  Economy / Speculation / Back to $225 on: August 19, 2015, 04:52:13 AM
Well, Bitcoin has returned to its trading range of $225 ± 25, which was where it was for most of the first half of 2015.
96  Economy / Speculation / Re: Multiplying the price by 10 after each halving, is it right ? on: August 11, 2015, 07:54:33 AM
If you're not a miner, the halving shouldn't have much effect.  14.5 million of 21 million bitcoins have already been mined. Everybody knows this event is coming, so it should already be priced in.

If you are a miner, then you're running spreadsheets to see what equipment to keep, what equipment to dump, and what equipment to buy. Much of the older gear will be junked at the halving.
97  Economy / Speculation / Re: Only $360mio of inflow needed to keep current price and reach next halving! on: August 07, 2015, 06:22:08 AM
if the day trading activity and the buy/sell from big merchants or every small merchants is at sum zero or sligtly in favor of buyers(because apparently there are more holders), then the reduction of 500k should double the price in theory.
It's a known future event, so it should already be priced into the current price.
98  Bitcoin / Legal / Re: Bitcoin becomes 100% unregulated in Japan!!! on: August 06, 2015, 08:39:00 PM
As usual, Coindesk has it wrong. See the Japan Times article. This is just a ruling that Bitcoins are fungible. Someone brought a lawsuit demanding the return of the Bitcoins they deposited, as specific items of property. That works if you lent someone a car and they went bankrupt. But not if you lent them, say, a delivery of fuel oil which then went into their tank. This is just a ruling that Bitcoin is more like a commodity than an object.
99  Economy / Speculation / Re: ETA for the ETF? (and Gemini Exchange speculation) on: July 27, 2015, 06:29:48 PM
Quote
There's also this entry:

July 22, 2015 (TR-CRB)
GEMINI TRUST COMPANY, LLC
30 West 24th Street, 4th Floor, New York, New York 10010

Application for exemption from the deposit insurance requirements of Section 32 of the Banking Law received.

Uh oh. Potential fraud alert.
100  Economy / Speculation / Re: Climb to $400 once Ethereum is released (August) on: June 26, 2015, 06:31:34 AM
Probably little effect.

Ethereum is very complicated. It's also yet another micropayment system, something that's never been successful. All the enthusiasm for micropayments comes from people who want to collect them. There is little interest from the payer side.

However, it is unlikely to be worse than Paycoin.
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