If anyone wants to know why the Bitcoin price is going up or down during a certain period, I'd advise you to ignore everything related to mining completely (with a small caveat that the block reward halving will reduce supply a bit and this will have a subtle effect on price). Anyone who claims that bitcoin is rising or falling because of X reason related to mining, or ASICs, or BFL, etc etc... is fundamentally misunderstanding Bitcoin. With that said, I think $25 price at the end of the year is totally realistic, perhaps likely. But it's got nothing to do with mining  So why is it rising then? |
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You really think its not related? So can you explain to me why BTC price moved from 6 to 8 during the last month?
...
The point is BTC price is controlled by big players,...
I guess noone noticed how bitcoinica was keeping the price stable around 5 and that the price started moving up just after the last debacle at the end of may. You are utterly wrong in when the rise started, btw. It started to rise around june 1st, not 23rd. The rise after 23rd is a nice continuation of the move that started at the beginning of june. So i think your theory is based on flawed data and is therefore itself completely flawed. If you want to understand why the price moves up you will need to investigate bitcoinicas grip on the price ant the lack thereof at the moment. Thank you for pointing this out. I didn't count that! but still 23rd of JUNE was a beginning of a new wave that is still active. |
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I didn't think for a second while creating this thread that BTC price will reach 9$ in the same day! It seems that by now it can reach 12$ at ease!
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Exactly! and thats why its better to join BTCpay! Thats why I've started saving and created this thread to invite you to do the same!
So they can dump em' after I bought into the price? NO I'm not those kind of sucker. But on the bright side: My LTC investment seems to get back into the positive, from the USD it long has and from the frenzy it seems from the BTC side too  I would agree with you if we were 1 year away from the 25 BTC block reward. I don't think they will dump em' now! it would be too stupid to dump em' before the 25 BTC block reward think it over! |
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Exactly! and thats why it would be a good time to join BTCpay behavior! Thats why I've started saving and created this thread to invite you to do the same! My savings and yours wouldn't affect the market but if we all start saving now and join forces, we can really add a new factor to the equation |
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You really think its not related? So can you explain to me why BTC price moved from 6 to 8 during the last month? Could you please get back to BTC charts and analyze how BTC price moved starting from 23rd of JUNE "the date BFL started to accept orders for ASIC".
The point is BTC price is controlled by big players, who create large ask/bid walls! Such walls can not stand the rush on buying BTC when a new BTC realed product gets into the market. They have to remove or reduce their walls until BTC price stabilize. So yes, in a way you are right, there are other factors here that play big rule in the equation. The relation may not be direct, but indeed there are multiple indirect relations.
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So if the amount of money that will be invested in ASIC "by the last quarter of 2012" will be double the amount of money invested in FPGAs "last quarter of 2011", you should expect BTC price rising more than double "$12 to $15"
Why would these two have anything to do with each other? would you please clarify your question? which two? I'm guessing money spent on FPGA vs money spent on ASIC. That was one of my guesses, thats why I want him to clarify. |
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So if the amount of money that will be invested in ASIC "by the last quarter of 2012" will be double the amount of money invested in FPGAs "last quarter of 2011", you should expect BTC price rising more than double "$12 to $15"
Why would these two have anything to do with each other? would you please clarify your question? which two? |
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I am creating this thread to discuss and share with you my thoughts and expectations about BTC price by the end of 2012. I am expecting BTC price to reach $25 by the end of 2012 and here is why:
When BFL started to accept pre-orders for FPGA Singles end of 2011, Bitcoin price kept rising until it reached "$7.25". Such rising period took around 3 months, and when BFL started delivering the Singles, BTC price started to move down slowly toward $4. Actually it move down from $7.2 to $4 in 5 stages. Now BFL is accepting pre-orders for ASIC. There is no doubt that the price of BTC is gonna double "once again", but this time from $5 to $10 "already started and at the time of this writing BTC is @ $8". The amount of money needed to invest in ASIC devices is almost double the amount needed to invest in FPGA. To be more specific, the amount of money needed to upgrade FPGA/GPU farms to ASIC is almost double the amount of money invested in such FPGA/GPU farm from day one "to be able to get the same reward when ASIC hits the network". So if the amount of money that will be invested in ASIC "by the last quarter of 2012" will be double the amount of money invested in FPGAs "last quarter of 2011", you should expect BTC price rising more than double "$12 to $15". At that time the block reward is gonna be reduced to 25 BTC instead of 50 BTC, so this time when BFL delivers ASIC BTC price is not gonna move back as it did when BFL delivered the FPGA Singles, but it is gonna start a new rising wave. For that am expecting BTC price to reach at least 20$ by the end of 2012 beginning of 2013. I already started saving as much BTC as I can, and you can consider this thread as an invitation for you to join the party by increasing your BTC savings.
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what is so great about the icarus board?
380 MH/s and a new bitstream will be released soon @ 550 MH/s. |
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But If BFL ASIC is real and you don't manager to pre-order now, that would be a disaster for Pyramining investors in just 3 months from now! by then the mining reward of Pyramining would be reduced by at least 20 times the current reward up until you manage to upgrade to ASIC! At that time you wouldn't be able to upgrade all your mining hardware at once! And if you do, that will require at least another 2 months. You shouldn't take such risk "that is just my opinion"!
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Thats not the best advertising for a bond with spectacular estimated returns  We bondholders should value referrals by not throwing them around in sixpacks.....rather have an interest in growth of the buiseness and make sure that pyramining is getting better returns working for the pyramining company than fixing his private farm.........there are some promisses to be fullfilled and Eliane of the rock should be appointed to see when this mornings briefly appeared hashing of 14MH per BTC is not coming online again..... that would be worse than pirate missing payouts tonight Everything fine if promisses are kept in bitcoin - land....then the creature of Jekyll island will be killed by trust , responsibility and replaced by the fresh new thousand years lasting ponzi of BITCOIN !!!! Yeah Zyk I understood about 0% of that... Lucky you! I couldn't even reach 0%! |
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If you are interested in depositing BTC to Pyramining, you can use one of my links/referrals and have a chance to win an Icarus mining board for free "including shipment". Icarus today costs around $450. Rules:- Once the total amount of all deposited BTC using my referrals reach 1000 BTC, the winner is gonna be the account of highest deposited BTC amount.
- You can email me @ bitnodes@gmail.com to get your referral link "so I can track your email with the referral".
- If you win, you will be asked "by email" to send your shipping address info.
- Shipping address info should be sent from the same email you received your referral on
- In case the winner didn't respond to such email in 7 days, the winner will be the 2nd highest deposited amount
Note: By using my referrals you will get 10% bonus @ Pyramining.You can follow me on this thread: https://bitcointalk.org/index.php?topic=93494.0Yeah, this is really good advertising ....a mining bond opperator....investing heavily with pyramining...the return shouldnŽt be so bad then...and the new infrastructure not even yet installed special offer use this one : http://www.pyramining.com/referral/4reck8stmPM me and iŽll tip you off how to get the use of your refferals promoted Cheers Zyk Investing heavily? hehe yr fun! this has nothing to do with the mining bond am operating! I am doing this for fun and hopefully "profit"! But I should admit that pyramining is of great value. I just hope they can add a new feature to transfer BTC between accounts "internally", so the deposited BTC wouldn't be paused waiting for ROI! |
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If you are interested in investing BTC in Pyramining, you can use one of my links/referrals and have a chance to win one of my Icarus mining boards for free "including shipment". Icarus today costs around $450. Rules:- Once the total amount of all deposited BTC using my referrals reach 1000 BTC, the winner is gonna be the account of highest deposited BTC amount.
- You can email me @ bitnodes@gmail.com to get your referral link "so I can track your email with the referral".
- If you win, you will be asked "by email" to send your shipping address info.
- Shipping address info should be sent from the same email you received your referral on
- In case the winner didn't respond to such email in 7 days, the winner will be the 2nd highest deposited amount
Note: By using my referrals you will get 10% bonus @ Pyramining.You can follow me on this thread: https://bitcointalk.org/index.php?topic=93494.0 |
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Dividends paid: 0.00512409 per bond
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Wonderful thread, Very informative. But the analysis is not 100% accurate. For example BTCMC pays dividends monthly but you've calculated BTCMC as if it pays weekly dividends. You have the same issue with multiple other shares/bonds, especially the ones paying dividends monthly or daily. Would you please fix such issue in the next update? You have to go through each single share/bond and analyze it individually as there is no generic rule can be applied on the collected data.
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So when will the new bitstream be available for Icarus?
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Is the 550 MH/s bitstream compatible with Icarus?
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