You're upset because he found 6.25% of the blocks over the last 4 days? Why? There are double spends associated with the address, its very fishy.. and you can see the price is starting to crash on btc-e! I see no crash. And all I see is a warning from blockchain.info that the address contains transactions that may be double spends. Why the trolling? |
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You're upset because he found 6.25% of the blocks over the last 4 days? Why? |
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The auction is an absolute bearish sign. You don't beat the government's predicitons.
the government wasn't predicting bitcoins demise by auctioning the coins, they just have no use for bitcoins and need to liquidate seized assets like they always do, and auctioning them was the best way to sell them en masse without crashing the price with huge market sells. if they seized one of those super rare 20 million plus ferraris one could speculate they'd make more in the long run by storing it until its value appreciated, but would they? no they'd sell it first chance they get cuz thats what they do. Bitcoins is different than other seized assets. Your example of the ferrari is a terrible analogy. Nope. The government is required to liquidate any assets it seizes. They don't have a choice. Therefore, the presence of the auction is neither positive, nor negative. The outcome of the auction, however, turned out to be quite positive. |
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If street prices are $1000 per TH now how much will these 650 TH machines sell for?
I paid 5K for 100GH double your bitcoin in a year they said, worst investment decision EVER ํyou didn't get you btc back? not even close. in USD terms i made a few bucks... May you disclose how many bitcoins have you made out of it? 9BTC my bitcoins got hashed to bits. Wait, you've invested 5k and claim to have made 9btc wich means 5688$ at current rates. 5688-5000=688$ profit, no? Profits must be compared against buying and holding BTC instead. He invested more than 9 BTC into his mining operation, and came out with 9 BTC afterward. Sure, BTC went up during that time. But that profit has nothing to do with the mining itself. Mining was a net loss. He only came out ahead because BTC went up. He'd have come out even more ahead without the mining venture. |
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You can't deny that this ain't cool.
Ok, you're right. I can't deny it. "This ain't cool." |
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Hey good idea. Someone send a transaction to Satoshi. In fact, we can taint all seized coins as well.
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That would make it impossible to perform any meaningful analysis.
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It closed green on the 22nd of June! Where were you?  Uh, no. In fact, that date is mid-week on the bitcoinwisdom chart. It's not even a closing date for any weekly candle. |
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It finally closed the week green.
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He won't say what he paid at this auction. "More than anyone else at the auction."
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Gentlemen, start your engines...
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There will be a day.. when the price has stagnated for too long, and a hacker who stole the mtgox coins (or some other hacker/scammer/drug dealer from the past, for that matter), feels that this is as good as it gets, and then he starts to dump his coins. And this in turn will invite all the other past criminals to dump their coins because they don't want to lose their promised wealth.
Most of the bitcoin cultists don't understand the psychology of criminals. They usually don't think long-term and they go after quick fixes. I highly doubt it that many of them are as fanatical about bitcoin as the people here are. The only reason why they haven't dumped their coins yet, is that there is hope that the price will rise more. This has made bitcoin into an asset, that's value has to be constantly rising or else it will face doom.
Your assuming the coins got hacked to begin with Please don't feed the trolls, or quote them. |
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People who can't understand why the price won't rise with new merchant adoptions don't really understand bitcoin.
Bitcoin is not a proper currency, because it lacks the mechanism for price stability, and it also struggles with being a platform for wealth transfer.
Bitcoin is mainly an innovative gambling platform - a legal game of pump'n'dump.
Meaning, it doesn't matter how much bitcoin will be used for practical purposes. The only thing that matters is the coming and going of new gamblers.
Bitcoin is too impractical to be valued by it's practical application. It's value is based on speculation and therefor speculators. And the wealthiest speculators don't believe in bitcoins practical application, they see that promises of easy wealth is the main attraction of bitcoin.
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Therefore unless bitcoin payments get some sort of discount youd have to be pretty stupid or paranoid about the nsa snooping on you to pay via bitcoins...
There's nothing stopping someone from creating a Bitcoin credit card. Compare Bitcoin with cash. Compare USD credit cards with Bitcoin credit cards. Right now the latter do not exist. But they will some day. |
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Remember, remember!
The fifth of November,
The Gunpowder treason and plot;
I know of no reason
Why the Gunpowder treason
Should ever be forgot!
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This drop will create the new floor on high volume. One buyer is very bullish. It means the sale price was likely higher than most anticipated.
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So when does your trend change to up?
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I feel that $10,000 a coin is Bitcoin's destiny easily. Given the amount of growth and maturity that comes along with it and the limited supply of Bitcoins in circulation, its only a matter of time when $10,000/BTC will be the new $100/BTC.
Chime in!
A 100-fold increase is easily possible with Wall Street jumping in. |
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