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kenbytes
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June 12, 2015, 04:31:34 PM |
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Just reached $231 on Bitfinex... does this mean we might see $250 by the end of the month? Exciting times!
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Andre#
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June 12, 2015, 04:39:14 PM |
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Bitcoins are issued by miners, who pay to keep the network secure. Thus making bitcoins valuable. There are no freebies.
Even miners who sell immediately are making a profit that comes entirely from people who buy bitcoins expecting to profit from them by that mechanism I described. Miners who mined long ago and held, as well as the early adopters who bought thousands of coins for nearly nothing, are just like the issuers of private money who keep some of their issuance to spend when it has been accepted as currency by other people. Are you the professor Jorge Stolfi? ( https://en.wikipedia.org/wiki/Jorge_Stolfi) OMG, he has a Wikipage! In late 2013 Jorge took an active interest in the economics of cryptocurrencies. He became extremely skeptical about its underlying soundness and chances of success, and has been advising the Brazilian public against investment in bitcoin while spending much of his time trolling the bitcointalk forums.
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ChartBuddy
Legendary
 Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 12, 2015, 04:57:20 PM |
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ChartBuddy
Legendary
Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 12, 2015, 05:57:15 PM |
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ssmc2
Legendary
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Activity: 2002
Merit: 1040
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June 12, 2015, 05:59:29 PM |
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Chart buddy, you're the one.
You make Bitcoin so much fun.
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alesx.onfire
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June 12, 2015, 06:02:25 PM |
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Chart buddy, you're the one.
You make Bitcoin so much fun.
and easy. |
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MonkeyCoin11
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June 12, 2015, 06:02:31 PM |
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Can we expect that the price goes $235 for to night ?
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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June 12, 2015, 06:09:17 PM |
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Can we expect that the price goes $235 for to night ?
the vote says it is going to crash below 226. |
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MonkeyCoin11
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June 12, 2015, 06:18:24 PM |
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Can we expect that the price goes $235 for to night ?
the vote says it is going to crash below 226. Why should it crash, the chart looks like to say it will actually rise ? If it's crash it will fastly grow up few times after i think |
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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June 12, 2015, 06:28:21 PM |
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Can we expect that the price goes $235 for to night ?
the vote says it is going to crash below 226. Why should it crash, the chart looks like to say it will actually rise ? If it's crash it will fastly grow up few times after i think chinese miner dump will accidentally cause a chinese panic. huobi exchange might shut down to drop their bags when this happens. |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 12, 2015, 06:28:43 PM |
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Can we expect that the price goes $235 for to night ?
the vote says it is going to crash below 226. Fortunately we're always wrong. |
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JerryCurlzzz
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June 12, 2015, 06:30:24 PM |
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Can we expect that the price goes $235 for to night ?
the vote says it is going to crash below 226. Why should it crash, the chart looks like to say it will actually rise ? If it's crash it will fastly grow up few times after i think chinese miner dump will accidentally cause a chinese panic. huobi exchange might shut down to drop their bags when this happens. Why do you speculate that a Chinese miner dump will happen? Because of the block size / gavincoin controversy? TBH I think that is all getting blown way out of proportion. |
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ChartBuddy
Legendary
Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 12, 2015, 06:57:18 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 12, 2015, 07:28:26 PM |
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Why should it crash, the chart looks like to say it will actually rise ?
That's why. its being accepted by merchants, this is bearish there's an increasing amount of TX's on the network, this is bearish charts seems to be setting up to paint a rocket, this is bearish. DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM! |
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JorgeStolfi
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June 12, 2015, 07:51:41 PM |
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OMG, he has a Wikipage! In late 2013 Jorge took an active interest in the economics of cryptocurrencies. He became extremely skeptical about its underlying soundness and chances of success, and has been advising the Brazilian public against investment in bitcoin while spending much of his time trolling the bitcointalk forums.
Yeah, a year or so ago someone vandalized that page, adding a claim that I owned one of the largest bitcoin hoards and was an ethusiastic supporter, or something like that.  So I had to replace it by that line to set the record straight. |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 12, 2015, 07:53:00 PM |
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Why should it crash, the chart looks like to say it will actually rise ?
That's why. its being accepted by merchants, this is bearish there's an increasing amount of TX's on the network, this is bearish charts seems to be setting up to paint a rocket, this is bearish. DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM! Oh yeah! Burn MotherFucker BURN!!! |
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JorgeStolfi
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June 12, 2015, 07:54:21 PM |
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Vandalizing a wiki page? To be that clever   Bitcoiners are such adorable creatures... |
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ChartBuddy
Legendary
Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 12, 2015, 07:57:19 PM |
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Bicmac1973
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June 12, 2015, 08:56:49 PM |
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And there comes the 7.5k sellwall again on BFX.
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Poll
