ChartBuddy
Legendary
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 20, 2014, 09:58:55 AM |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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inca
Legendary
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Activity: 1176
Merit: 1000
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September 20, 2014, 10:14:55 AM |
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BTC please feel free to stay at this price for another month or so, then a several order of magnitude rise would be nice. Thank you.
Just another week would be great |
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Davyd05
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September 20, 2014, 10:28:32 AM |
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Is anyone watching the bids piling up at Houbi slowly?
hopefully it can push past 2569 and a higher low  , finex and stamp and huboi seem pretty active at the same times |
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JayJuanGee
Legendary
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Activity: 3696
Merit: 10194
Self-Custody is a right. Say no to"Non-custodial"
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September 20, 2014, 10:28:51 AM |
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I'm in for the long haul for sure (see story below) When I say my avg buy-in price, that is disregarding all the BTC I have mined, and that I have gained (and lost) through dabbling in some alts (made some nice profits out of DRK and others but only hold BTC and XMR at the moment). BTC would need to go much lower before I start to make a paper loss - if it DOES go much lower though I'm not sure I will invest any more money into crypto - but I will hold all the same. Probably.  So... Wanna hear a story seeing as everyone else is tucked away in bed? Too bad here it comes... I actually got into Bitcoin way back when it was easy to mine with CPU, managed to mine myself a nice little haul of BTC. Low triple figures - but a nice haul at today's rate (even still). Was working in IT support for a large engineering firm and had a lot of spare PCs lying around and lots of spare desks and power points, and a boss that didn't know his arse from his elbow, so I told him I was building/testing a new SOE (lulz) Then it spiked to ~ $20+ and I got hooked big time, transferred fiat to Gox (before they needed your dox) - bought some at $28 (I think), bought another PC - then it crashed. and stagnated for what seemed like a very long time... I eventually lost faith sold all of them at around $7 each, and bought a snowboard and bindings with the profits and had some spare money for beers etc. Happy days. Then it spiked again and I could have paid for my whole holiday. Shit... Time to start mining again. Then it spiked again to over 1K and I could have paid for everyone's trip.... Facepalm.... Time to get serious mining/trading alts etc. So anyway - I'm determined not to lose the faith this time, even if I end up with egg on my face at the end of the day. So, it sounds as if through the passage of time you made some profits with your BTC, but frequently you cashed out early... Accordingly, frequently, you were NOT very well invested in BTC during various BTC price spikes. So, currently, what is your approximate BTC holdings and what is your approximate price per BTC... including various administrative/transaction costs?? |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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September 20, 2014, 10:31:35 AM |
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420 again? this is getting ridiculous, I'm having to get high way more than I'd like.
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akujin
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September 20, 2014, 10:38:51 AM |
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Nice. Come on.. push..   |
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Davyd05
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September 20, 2014, 10:39:49 AM |
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I rest knowing the market will be wacky while I sleep |
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JayJuanGee
Legendary
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Activity: 3696
Merit: 10194
Self-Custody is a right. Say no to"Non-custodial"
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September 20, 2014, 10:41:37 AM |
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What is the past? A couple of dips and strong rebounds over a period of several months. Price gets higher every time.
I honestly don't understand how you can say this...if it were true, then BTC would be at an ATH wouldn't it? The truth as I see it, is that since the beginning of the year BTC has had a couple of dips and strong rebounds, however the price doesn't get higher on every rebound which has lead to a steady decline all year. Don't get me wrong, I'm not a troll looking to spew FUD around, I have some BTC myself, I just don't get it when people don't appear to acknowledge the decline. Well, hopefully you will come to realize that BTC is a decent investment before it is too late and you will be chasing the train b/c you seem to be holding back from investing in BTC because you seem to believe that the last 9 months are reflective or indicative of what is going to continue to happen with BTC prices in the next 9 months... .. Anyhow if you do NOT get on board the BTC train, then that remains your choice.. and good luck to you... and hopefully you will have NO regrets with your currently pessimistic state regarding BTC |
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akujin
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September 20, 2014, 10:43:29 AM |
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Pala_00
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September 20, 2014, 10:44:03 AM |
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Nice. Come on.. push.. WILL NEVER DIE |
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lyth0s
Legendary
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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September 20, 2014, 10:46:54 AM |
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What is the past? A couple of dips and strong rebounds over a period of several months. Price gets higher every time.
I honestly don't understand how you can say this...if it were true, then BTC would be at an ATH wouldn't it? The truth as I see it, is that since the beginning of the year BTC has had a couple of dips and strong rebounds, however the price doesn't get higher on every rebound which has lead to a steady decline all year. Don't get me wrong, I'm not a troll looking to spew FUD around, I have some BTC myself, I just don't get it when people don't appear to acknowledge the decline. If you look to each "crash and rebound" prior to November's massive bubble, you will see what mooncake is talking about. I'm going to steal a quote from adamsgt by saying "digital money is happening, and it's happening here" anyone that doesn't have at least some investment in it clearly cannot see the future possibilities of how this will change money forever. |
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Cryptobro
Member
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Activity: 84
Merit: 10
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September 20, 2014, 10:51:10 AM |
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Well, hopefully you will come to realize that BTC is a decent investment before it is too late and you will be chasing the train b/c you seem to be holding back from investing in BTC because you seem to believe that the last 9 months are reflective or indicative of what is going to continue to happen with BTC prices in the next 9 months... ..
Anyhow if you do NOT get on board the BTC train, then that remains your choice.. and good luck to you... and hopefully you will have NO regrets with your currently pessimistic state regarding BTC
You've misinterpreted what I said. I am on board... I have a small amount of BTC, I would have more but that would mean creeping into 'can't afford to lose' territory. I'm actually quietly confident we've reached the bottom, or are close to it. With that said I still wouldn't proclaim it's been a good year for BTC. Anyway, no big deal...moving on. |
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TheOnly1
Member
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Activity: 110
Merit: 10
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September 20, 2014, 10:52:50 AM |
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Thats what I call a "Wall":  |
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Cryptobro
Member
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Activity: 84
Merit: 10
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September 20, 2014, 10:54:03 AM |
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What is the past? A couple of dips and strong rebounds over a period of several months. Price gets higher every time.
I honestly don't understand how you can say this...if it were true, then BTC would be at an ATH wouldn't it? The truth as I see it, is that since the beginning of the year BTC has had a couple of dips and strong rebounds, however the price doesn't get higher on every rebound which has lead to a steady decline all year. Don't get me wrong, I'm not a troll looking to spew FUD around, I have some BTC myself, I just don't get it when people don't appear to acknowledge the decline. If you look to each "crash and rebound" prior to November's massive bubble, you will see what mooncake is talking about. I'm going to steal a quote from adamsgt by saying "digital money is happening, and it's happening here" anyone that doesn't have at least some investment in it clearly cannot see the future possibilities of how this will change money forever. Actually maybe I've misread mooncake...if he was referring to the run up in November then all is good. I read 'what is the past' and 'several months' and assumed he was talking about recent times. (relatively speaking) all good. |
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AirFlame
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September 20, 2014, 10:54:42 AM |
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I think it's a good time to buy because Alibaba event seems to be over and everyone is sending money back to BTC |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 20, 2014, 10:58:55 AM |
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DutchTrades
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September 20, 2014, 11:04:33 AM |
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Double bottom: CHECK
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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September 20, 2014, 11:10:55 AM |
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getting premature in here. Think I'll join in (come on though btc!)  |
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fonzie
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September 20, 2014, 11:14:23 AM |
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 Bulltrap or reversal, that is the question? Edit: At least a good bounce to 450-480$ seems very likely. |
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simmo77
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September 20, 2014, 11:19:09 AM |
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So, it sounds as if through the passage of time you made some profits with your BTC, but frequently you cashed out early... Accordingly, frequently, you were NOT very well invested in BTC during various BTC price spikes.
So, currently, what is your approximate BTC holdings and what is your approximate price per BTC... including various administrative/transaction costs??
Absolutely. I just got out too early. EDIT: just checked it was end of Oct 2012 and I actually got $11 AUD each for my coins. I could have bought that snowboard with other funds, but I lost faith in Bitcoin and decided that I should just sell all of what I had and at least get something out of the exercise. Then I forgot about Bitcoin (had a normal life you might say) until about halfway into the run up to the ~$250 peak - I started up mining using my own electricity and also sent some fiat to Gox around the time it went through $100 for the first time. So that's when I first started actually incurring any costs. Of the coins I purchased from exchanges, my avg buy price is over $400 AUD. I have another, much fatter, wallet with coins from alt trading/mining, gambling winnings, etc that really only cost me my time. I also bought a BTC mining contract from CloudHashing that (with prices this low) has not returned on the initial investment. |
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