arklan
Legendary
 Offline
Activity: 1778
Merit: 1008
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January 13, 2015, 08:58:19 PM |
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i am absolutely amazed to see the price so low. it's actually a little heart wrenching.
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i don't post much, but this space for rent.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10147
Self-Custody is a right. Say no to"Non-custodial"
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January 13, 2015, 09:33:41 PM |
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Very amusing.
What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.
Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.
In response to that what is happening?
People spending their BTC? NO!
People selling their BTC? YES!
People continuing to hoard BTC waiting for it to come back? YES!
People mining any great quantity of BTC on their own? NO!
People cloud mining making tiny BTC profits? YES!
These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.
By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.
You heard it here.
Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed. All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it. You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up. Pissedoff: I agree with some of your assessment, but NOT all of it. Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board. Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level. Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue. Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum. You don't have to agree with any of it, you just have to keep watching and realize I was right then, and I am right now. BTC=$80 by June Its down $100 since the last time I told you, in 2 months it will be down another $100 You do NOT know what the fuck you are talking about, and you are just guessing. and you happened to have guessed somewhat correctly in the past regarding some kind of downward price pressures on bitcoin.. so what....  NOW, your goal is to come back and assert that you "told you so" to whoever the fuck will listen to you... and then attempt to assert that you have some kind of knowledge about the future through your continued guessing. |
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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ChuckBuck
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January 13, 2015, 10:06:58 PM |
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@JayJuanGee You don't have to agree with JoeVentura, but he did kind of call it, and kind of backed up his points. We all hoped he was wrong, I do and I'm sure Joe deep down hoped he was wrong as well, but his points back in November have all come true. You have to take emotion out of this at this point in time, since logically there is no reason for Bitcoin price to bounce back magically. There's no support, no huge bull whales offsetting the constant dumping daily by traders and miners. We're rolling all the way the way down to $100 and maybe beyond, until something really substantial happens. Some paradigm shift, some new launch of a new product or service, something revolutionary, that causes even the speculators to start buying up Bitcoin like Jordan sneakers. I don't see this anytime soon yet. It's early in 2015, but I'm still out in the street right now panhandling for mBits...  |
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Stunna
Legendary
Offline
Activity: 3192
Merit: 1278
Primedice.com, Stake.com
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January 13, 2015, 10:40:42 PM |
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All in due time.
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gargantuar
Member
Offline
Activity: 71
Merit: 10
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January 13, 2015, 10:58:21 PM |
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The strings of the bow are almost taut as they can be. This has happened many times before but that is irrelevant. Are we sheep or are we wolves? I will HODL.
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steeev
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January 13, 2015, 11:42:27 PM |
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looking thru the news -
Bitstamp hack
ross trial beginning
russia making ban it noises again...
in the wake of events in france, cameron in the UK proposing to 'ban' encrypted comms online
the ludicrously convenient 'hack' as obama gives a... cybersecurity speech
EU announcing parlous finances, possibility of bond purchases
UK talking about raising interest rates
US claiming to end QE
oil in freefall...
so in a word,
HODL.
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joeventura
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January 13, 2015, 11:53:07 PM |
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Very amusing.
What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.
Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.
In response to that what is happening?
People spending their BTC? NO!
People selling their BTC? YES!
People continuing to hoard BTC waiting for it to come back? YES!
People mining any great quantity of BTC on their own? NO!
People cloud mining making tiny BTC profits? YES!
These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.
By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.
You heard it here.
Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed. All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it. You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up. Pissedoff: I agree with some of your assessment, but NOT all of it. Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board. Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level. Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue. Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum. You don't have to agree with any of it, you just have to keep watching and realize I was right then, and I am right now. BTC=$80 by June Its down $100 since the last time I told you, in 2 months it will be down another $100 You do NOT know what the fuck you are talking about, and you are just guessing. and you happened to have guessed somewhat correctly in the past regarding some kind of downward price pressures on bitcoin.. so what.... NOW, your goal is to come back and assert that you "told you so" to whoever the fuck will listen to you... and then attempt to assert that you have some kind of knowledge about the future through your continued guessing. Yes I just keep "guessing" right every single time. Bitcoin and the current state it is in, is Psychology 101. If you have a job and you make 10 dollars a week you will spend a percentage of that to food, clothing, gas, car etc. Next week you make another 10 dollars you do the same thing all over again. If the next week you lose your job and you don't get 10 dollars then your spending tends to change, you hunker down and hold what you have. Replace the word "job" with "bit coin miner" Replace the word "dollar" with Bitcoin" above No one can afford to spend $500 on a miner to create $505 in Bitcoin in 9 months. The great gold rush is over, every one held on for the next spike, but the next spike isn't coming because Bitcoin production is down a zillion percent and the cost to produce it is up a zillion percent. Everyone is holding, no one is spending, the Bitcoin economy is circling the drain. Prove me wrong and quote any event that you see taking place that could possibly turn it around. I am at a loss. |
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LFC_Bitcoin
Legendary
Offline
Activity: 3514
Merit: 9483
#1 VIP Crypto Casino
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January 13, 2015, 11:54:34 PM |
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i am absolutely amazed to see the price so low. it's actually a little heart wrenching.
It is |
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flipstyle
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January 13, 2015, 11:57:56 PM |
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 The question is are we even in the despair phase yet? Seems like a few panic sellers are coming out, but I don't even think the worst has yet to come. http://www.forbes.com/sites/jessecolombo/2013/12/19/bitcoin-may-be-following-this-classic-bubble-stages-chart/But I guess Forbes are just a buncha h8rs yo!!!! I mean, what would a professional economist/technical analyst know about market trends?!?!? The bubble has been quite apparent for the past few months. And, barring any POSITIVE giant news for BTC, there is nothing but selling pressure and nothing to lure in new purchasers/investors, as it makes zero sense to be buying now unless you're a firm believer and in it for the super long run. |
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JayJuanGee
Legendary
Online
Activity: 3696
Merit: 10147
Self-Custody is a right. Say no to"Non-custodial"
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January 14, 2015, 06:26:41 AM |
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Very amusing.
What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.
Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.
In response to that what is happening?
People spending their BTC? NO!
People selling their BTC? YES!
People continuing to hoard BTC waiting for it to come back? YES!
People mining any great quantity of BTC on their own? NO!
People cloud mining making tiny BTC profits? YES!
These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.
By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.
You heard it here.
Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed. All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it. You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up. Pissedoff: I agree with some of your assessment, but NOT all of it. Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board. Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level. Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue. Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum. You don't have to agree with any of it, you just have to keep watching and realize I was right then, and I am right now. BTC=$80 by June Its down $100 since the last time I told you, in 2 months it will be down another $100 You do NOT know what the fuck you are talking about, and you are just guessing. and you happened to have guessed somewhat correctly in the past regarding some kind of downward price pressures on bitcoin.. so what.... NOW, your goal is to come back and assert that you "told you so" to whoever the fuck will listen to you... and then attempt to assert that you have some kind of knowledge about the future through your continued guessing. Yes I just keep "guessing" right every single time. Bitcoin and the current state it is in, is Psychology 101. If you have a job and you make 10 dollars a week you will spend a percentage of that to food, clothing, gas, car etc. Next week you make another 10 dollars you do the same thing all over again. If the next week you lose your job and you don't get 10 dollars then your spending tends to change, you hunker down and hold what you have. Replace the word "job" with "bit coin miner" Replace the word "dollar" with Bitcoin" above No one can afford to spend $500 on a miner to create $505 in Bitcoin in 9 months. The great gold rush is over, every one held on for the next spike, but the next spike isn't coming because Bitcoin production is down a zillion percent and the cost to produce it is up a zillion percent. Everyone is holding, no one is spending, the Bitcoin economy is circling the drain. Prove me wrong and quote any event that you see taking place that could possibly turn it around. I am at a loss. That's fine if you want to just keep bragging about how smart you are and trying to engagin in an argument, merely because there seems to be a bear trend at the moment. I have NO fucking idea how long this bear trend is going to last, and I never claimed to be able to predict short term price directions in BTC, even though in the long term I remain optimistic that the market will turn around and we will return to a bull market in BTC. So go around with your cock sureness and be smug... good for you.... that the downtrend continues and you are happy about this (whether your prediction or NOT). |
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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January 14, 2015, 07:26:22 AM |
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Yeah, life sux right now for hodlers. Well, unless they've been hodling for more than a year.
But you talk of Bitcoin as if it offers nothing other than some disembodied share price, completely divorced from its inherent value.
Of course, we have yet to learn what a universal medium of exchange, incorruptable, uninterceptible, and incensorable, might be worth. My guess is quite a bit. I have a fair amount of patience in letting the world figure this value.
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Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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steelhouse
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January 14, 2015, 08:03:26 AM |
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We have to wait 6 years for the inflation rate of bitcoin to be lower than the U.S. dollar. Until then, sell.
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picolo
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January 14, 2015, 08:30:20 AM |
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We have to wait 6 years for the inflation rate of bitcoin to be lower than the U.S. dollar. Until then, sell.
The inflation rate in Bitcoin is huge. I think the US inflation rate will be higher than Bitcoin before 6 years but the Bitcoin inflation is 10% a year, it is a big inflation 1.314 million more bitcoins a year. If adoption was going up fast and people were questionning more the fiat system it would not be a problem to have this inflation and a very high price since miners would hold their bitcoins and people would believe more in a future appreciation of the price. |
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jacktheking
Legendary
Offline
Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
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January 14, 2015, 08:33:44 AM |
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i am absolutely amazed to see the price so low. it's actually a little heart wrenching.
Agree! 'Amaze' to see Bitcoin price drop so much today. Few hours back, it was 200 USD and now it is 183.40 USD! → preev.com. |
So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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12345mm
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January 14, 2015, 10:53:30 AM |
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honestly ... do you all actually think that the thousands of years of kings and swords and blood and gold and conquest and kings and more gold and swords and castles and religions and wars and conquest and gold and swords and wars and countries and kings and wars and wars and wars and slaves and gold and more wars and ships and slaves and cotton and countries and revolutions and kings and gold and wars and planes and bombs and wars and that allllll of the handful of the worlds wealthy elites who have passed down their wealth through the generations since the dawn of civilization are going to let it all go let all of their money and all of their power go and allow a handful of asshats with laptops who installed an interesting piece of software take their place and supplant their singular position as the rulers of earth ? honestly ?
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Bagatell
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January 14, 2015, 10:55:42 AM |
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Yes.
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
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January 14, 2015, 11:03:56 AM |
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honestly ... do you all actually think that the thousands of years of kings and swords and blood and gold and conquest and kings and more gold and swords and castles and religions and wars and conquest and gold and swords and wars and countries and kings and wars and wars and wars and slaves and gold and more wars and ships and slaves and cotton and countries and revolutions and kings and gold and wars and planes and bombs and wars and that allllll of the handful of the worlds wealthy elites who have passed down their wealth through the generations since the dawn of civilization are going to let it all go let all of their money and all of their power go and allow a handful of asshats with laptops who installed an interesting piece of software take their place and supplant their singular position as the rulers of earth ? honestly ?
https://www.youtube.com/watch?v=x5m1A7zoIcc |
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CoinCidental
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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January 14, 2015, 04:25:58 PM |
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honestly ... do you all actually think that the thousands of years of kings and swords and blood and gold and conquest and kings and more gold and swords and castles and religions and wars and conquest and gold and swords and wars and countries and kings and wars and wars and wars and slaves and gold and more wars and ships and slaves and cotton and countries and revolutions and kings and gold and wars and planes and bombs and wars and that allllll of the handful of the worlds wealthy elites who have passed down their wealth through the generations since the dawn of civilization are going to let it all go let all of their money and all of their power go and allow a handful of asshats with laptops who installed an interesting piece of software take their place and supplant their singular position as the rulers of earth ? honestly ?
i dont think btc will ever replace currency ,but there is enough room for both to exist side by side bitcoin willl be used when you need to send a million dollars somewhere for free or for international market trading like the new open bazaar thats being developed digital money is necessary for modern world and will only become more so .......im glad i own some its got a bright future 20 years ago nobody thought they needed an email address either i bet most people have one by now though .............. |
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joeventura
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January 14, 2015, 06:14:49 PM |
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Very amusing.
What you fail to notice is the fact that BTC is in a slow descent, with no bottom in sight.
Let's talk through the scenario, BTC keeps dropping (down 49% since July 3rd) that's more than 10% a month.
In response to that what is happening?
People spending their BTC? NO!
People selling their BTC? YES!
People continuing to hoard BTC waiting for it to come back? YES!
People mining any great quantity of BTC on their own? NO!
People cloud mining making tiny BTC profits? YES!
These things above never change and if they don't then BTC will be $150 in 4 months, then it becomes cost prohibitive for anyone but the huge farms like KNC to mine.
By June BTC will be down in the double digits ($85ish) and no one will be interested in it any longer.
You heard it here.
Seems like you've lost your drive & hunger for Bitcoin....what you don't understand is Bitcoin isn't just about how much it's worth. It's a concept which at the moment is suceeding maybe not on a huge level but if someone told you about this new concept 6 years ago and said within this amount of time it would reach highs of $1000 you would of laughed. All it takes at the moment is a whale to delve into Bitcoin and spend a huge amount which will raise the value and bring more attention from media which means more people will be interested in Bitcoin....or we have a major hack again or something similar of nature which would again bring media attention which would be seen by millions & again even though it's bad news many more people will of heard of Bitcoin and will search up on it. You might be right it dropping down to double digits...but your not right on people not buying...a huge lot of people are buying Bitcoin. What I think is happening is a lot of people are using the payment processor bitpay which sells their Bitcoin for fiat as soon as they recieve it which decreases the value of Bitcoin. If people stop using bitpay & similar companies then we should see a rise again. Everyone thought bitpay was a great company but in actual facts it's damagining the Bitcoin value & community in general. There are a number of other major factors like more sell orders than buy order but thats obvious & talked about far more often than the point I brought up. Pissedoff: I agree with some of your assessment, but NOT all of it. Personally, I believe what is causing the price to go down is manipulation, and there are some that want to continue to push the prices of BTC down so that they can continue to accumulate and at some point (maybe 1 month from NOW or maybe 6 months or possibly longer), there will be attempts to manipulate in the opposite (upwards direction)... One large whale would be within his/her power to manipulate the price upwards into the $3k to $5k territory, b/c was the price starts to go upward, there will be other whales ready and willing to jump on board. Really, bitpay and similar are good for bitcoin because they cause liquidation opportunities - which people need to have in order to have additional confidence in BTC when prices go to the next upward level. Surely, if people are NOW using bitpay and similar to liquidate and they are NOT replacing their coins, then surely, you are correct that those services are merely being used to sell coins... but really, I doubt that those services of bitpay and similar are what really is causing downward price pressures... you can watch the market and see that the downward pressure comes from the purposeful and strategic attempts to dump large quantities of coins on exchanges, and while that conduct remains profitable, that exchange dumping conduct is going to continue. Additionally, some of these dumpers are accumulating coins on the sly.. so that they will have plenty of coins when the time comes for the upward momentum. You don't have to agree with any of it, you just have to keep watching and realize I was right then, and I am right now. BTC=$80 by June Its down $100 since the last time I told you, in 2 months it will be down another $100 You do NOT know what the fuck you are talking about, and you are just guessing. and you happened to have guessed somewhat correctly in the past regarding some kind of downward price pressures on bitcoin.. so what.... NOW, your goal is to come back and assert that you "told you so" to whoever the fuck will listen to you... and then attempt to assert that you have some kind of knowledge about the future through your continued guessing. Yes I just keep "guessing" right every single time. Bitcoin and the current state it is in, is Psychology 101. If you have a job and you make 10 dollars a week you will spend a percentage of that to food, clothing, gas, car etc. Next week you make another 10 dollars you do the same thing all over again. If the next week you lose your job and you don't get 10 dollars then your spending tends to change, you hunker down and hold what you have. Replace the word "job" with "bit coin miner" Replace the word "dollar" with Bitcoin" above No one can afford to spend $500 on a miner to create $505 in Bitcoin in 9 months. The great gold rush is over, every one held on for the next spike, but the next spike isn't coming because Bitcoin production is down a zillion percent and the cost to produce it is up a zillion percent. Everyone is holding, no one is spending, the Bitcoin economy is circling the drain. Prove me wrong and quote any event that you see taking place that could possibly turn it around. I am at a loss. That's fine if you want to just keep bragging about how smart you are and trying to engagin in an argument, merely because there seems to be a bear trend at the moment. I have NO fucking idea how long this bear trend is going to last, and I never claimed to be able to predict short term price directions in BTC, even though in the long term I remain optimistic that the market will turn around and we will return to a bull market in BTC. So go around with your cock sureness and be smug... good for you.... that the downtrend continues and you are happy about this (whether your prediction or NOT). It's called "Advice" just like you get on TV about your stock investments. Take it or leave it. I don't have to engage in an argument, my position is being underlined every day. Am I happy its going down? No. Did I prepare for it going down: Yes |
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pereira4
Legendary
Offline
Activity: 1610
Merit: 1183
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January 14, 2015, 06:31:54 PM |
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looking thru the news -
Bitstamp hack
ross trial beginning
russia making ban it noises again...
in the wake of events in france, cameron in the UK proposing to 'ban' encrypted comms online
the ludicrously convenient 'hack' as obama gives a... cybersecurity speech
EU announcing parlous finances, possibility of bond purchases
UK talking about raising interest rates
US claiming to end QE
oil in freefall...
so in a word,
HODL.
The problem is if all merchants force you to go throught the Bitpay-Coinbase bridge, Bitcoin is not very anonymous.. unless you use it like cash. |
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