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901  Economy / Speculation / Re: Stable Bitcoin Price on: February 15, 2016, 01:56:16 PM
Quote from: pooya87 on February 02, 2016, 02:36:40 PM
the current stable price is just temporary, and it would change soon enough. currently there is a lot going on with bitcoin.

actually two big things, one is the block halving expectation. and the other is the drama surrounding block size which both are affecting price pretty good.

I wish the price can stay in the current range to consolidate. The long the consolidation, the higher the price will be.
902  Economy / Speculation / Re: Stable Bitcoin Price on: February 02, 2016, 12:05:46 PM
Quote from: Ruzka on January 22, 2016, 07:33:50 PM
It is not the price that will make the price stable the but it will be the coins in many many hands so adoption is what will likely stable the price. I think we all focus a little to much on price and give it to much credit.
When distribution is more even the price will follow suit.

That is right. But when the price is high, the market cap is also high, no single institution will be able to pump and dump easily.
903  Economy / Speculation / Re: July 20, 2016, the block halving date, what will the price be? on: January 23, 2016, 07:55:56 AM
Quote from: Amph on January 12, 2016, 08:21:22 AM
Quote from: Local Heads on January 11, 2016, 08:58:24 PM
Quote from: pissedoff on January 10, 2016, 09:29:03 PM
Quote from: kwukduck on January 10, 2016, 08:04:54 PM
Quote from: pissedoff on January 10, 2016, 07:42:46 PM
Quote from: kwukduck on January 10, 2016, 07:40:24 PM
I'm predicting 380 at the day of halving after a few day run up from the high 200-low 300 range.
In the days after we risk falling down to around 120 because of all the disappointment and panic caused by that.
Price should have doubled too! Angry! Sell! Stoopid bitcoonz
If the price reduce on the block halving miners will not be able to pay the bills and most of them will turn off their machines.

Yep, causing a slow collapse of the entire network...
Confirmations will take forever and the network security will plummet. People will lose trust in the system and sell even more, and the spiral continues down.
Yeah it will cause the entire bitcoin network to collapse if the miners quit when the difficulty is high.


I'm pretty sure people don't just turn off their equipment the exact moment the profits pity becomes 0. Many know that bitcoin is volital and will mine at a lose expecting a price rebound. 

Even if half of all miners turned off at the same time it would make little difference, and a huge number of people would pool gpus if it actually became a problem for more than a hour or 2.

lol gpu, there is no way gpu will enter in play ever, the diff is 100B, the diff need to be 10M-100M for a gpu to be worth it, i was mining with my gpu at that range

there is a whole 3 order of magnitude, basically you need far less than 1 peta, not gonna happen when 1 single farm can reach 70 peta already...

That is one of the reason one Core developer want to change the mining algorithm in the Classic mining program.
904  Economy / Speculation / Re: Stable Bitcoin Price on: January 10, 2016, 10:43:54 AM
Quote from: Denker on December 08, 2015, 04:09:51 PM
Quote from: HostSurf on December 08, 2015, 03:43:29 PM
Bitcoin will never be at a stable price. That's just not the way this market works.
There will always be pumps and dumps it's inevitable.


And is this bad? Of course there will always be volatility to some certain degree.
But in the future, with a bigger market cap, it won't be that crazy as it is now.
I could live with that, as I see Bitcoin not as a currency for at least the next coming 20 years.



Big market cap means higher acceptance of bitcoin. Bitcoin price is less like to fluctuate as before.
905  Bitcoin / Press / Re: [2015-12-30] Mainstream Media Admits Bitcoin Stronger Than U.S. Dollar in 2015 on: December 31, 2015, 10:36:40 AM
Only CNBC reported the rise of of bitcoin versus dollar. But in 2 years, bitcoin is still weaker than US dollar. Maybe in the next 5 years, we can claim bitcoin is stronger than dollar.
906  Economy / Speculation / Re: July 20, 2016, the block halving date, what will the price be? on: December 19, 2015, 04:40:06 PM
The bitcoin price will be higher before the halving. It will be lower after the halving due to the good news out.
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