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The transaction fee alone will wipe out that transaction.
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It surely sound like we live in a rosy country when there is no protest and no riot.
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So, people expecting 10 folds increase in price because?
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I agree with the 'can't buy knowledge' part. Internet has made the cost of most knowledge almost free or next to nothing, something that people in the pre-internet era couldn't dream of. Hopefully these large amounts of knowledge available can bring some quality changes.
Free knowledge mostly benefit 3rd world. But that is causing havoc back in the 1st world country as most resources went into research and development, and now being given away for free. You are wrong, 3rd world has no internet or is highly filtered. Smart phone is actually very popular in 3rd world country. And they do have high speed internet service. |
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why not?
bitcoin can be printed if I'm not mistaken, make bills with codes containing 0.01btc, 0.1btc, 0.005 btc etc.
those could be traded as FIAT because it will be the same as FIAT BUT will stay decentralised and inflationless
Problem is, the private key can be copied to empty the bill/note. |
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Don't think anyone really expecting 1M per coin. Even 5-10k per coin sound far fetch.
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Having doubt is good.
Can developer make improvement to make bitcoin better?
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if they regulate bitcoin, it will become the opposite of what Satoshi envisioned
if they don't, it will always be seen as some crazy investment and not taken serious enough by most people
To join the mainstream, it will need to be regulated at some point. |
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This is one case in which it wouldn't have mattered whether we dismissed the VA administrator or not. The entire system needs an overhaul, including firing the people who were involved in this scandal.
Hard to fire government employee. And while they are incompetent, they still provide benefit by doing meaningful work. There are a lot of government employees that don't do meaningful work, hence this group of people will never get into any kind of scandal. Why keeping them around? |
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Not that hard to implement a platform to view all prices on all exchanges since all the major one provides api services.
The challenge is to have fiat on all exchanges and moving money around them without getting phone call from your bank.
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Must be some newbie trader or speculator...can't comprehend time frames larger than a fruit fly's reference range.
The all time high is around 1200 usd per coin, right now the price is around 600 usd per coin. I won't call 50% off all time high is fruit fly's reference range. |
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I decided not to sell, looks like I made the right choice (hopefully). Looks like we are on the rise and will get back to what we were at or higher?
680+... 700?
Unrealistic expectation. Remember this, if it is that easy to get rich, there will be no poverty in the world. |
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Looks like the auction is a success since the price rally pass 600.
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They will rollback the trades and everything will be just fine, no need to worry so much about cascade.
This is only true if the price on other markets returns to the point prior to when the cascade went off. If there is a differential, then that portion of liquidated traders will lose. This has been my worry for a long time. Lenders will be fucked if the price on other exchanges doesn't recover and the book is liquidated. They should have cut back on trader's margin allowed a long time ago. It's out of hand. Leveraged traders will get wiped out first before lenders. And since bitfinex has insured all swap, they will get sued if they do not keep their promise. |
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Problem right now is there are too many scammers targeting bitcoin holders as the scammers know the payment can not be reversed.
So long as this condition remain true and no authority to go after scammers, I personally will not feel comfortable using BTC.
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Hedging strategy doesn't work on highly volatile underlining asset. A 50-100% price movement will wipe out just about anyone using leverage.
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no matter the hashrate and diff, new coins minted per day remain the same in general.
people often think that supply is shorted with the rise of difficulty, but actualy its the same, just more spread out between miners.
more interesting thing to talk about is next halving, if that doesnt move the price way up, nothing will.
It seems that there's no use in even trying to explain this to people on this forum. Not to mention all of the "price will follow hashrate" comments. But please, yes - all of you should go buy more coins right now because the hashrate is continually rising. I have tried to explain the same thing. From a market (price) point of view it does not matter if 100 Ghash/sec produces that 25 BTC/block or 100 Phash/s does it. They are the same 25 BTCs, so, no, more hashrate does not mean higher price. It is the opposite, if price goes up, more miner turns on their machinery! While the above is all true, it does not take into account that the market for mining gear is a significant one for the use of bit coins. So to the extent that that market is influenced by the hash rate so to will the bitcoin price. Most people understand that the bitcoin supply is not affected by the hash rate. Cost of mining equipment has been keep going down for while. It seems we have finally hit a technology cap in term of hash/cost and hash/watt. How events will be played out in the coming months will be interesting to watch for by stander. |
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Blaming incompetency on rumor and attack surely sound nice.
Where there is smoke, there is fire.
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Back in 2013 and before that was allowed by btc-e and other exchanges, they were accepting mtgox codes and viceversa but now with the regulation thats not allowed.
So transferring money between customer account is not allowed under AML? |
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At 600 and going up.
Looks like the auction lift the price.
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