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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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sirazimuth
Legendary
Offline
Activity: 3346
Merit: 3485
born once atheist
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November 25, 2017, 10:48:51 PM |
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I'm gonna LMAO if BTG over takes BCH on the charts.
We should help make that happen. In fact I'm urging all Bitcoiners who currently own BCH to trade it for moar BTG, just for the lulz.
I mean hey they're both shitty forks, but lets kill off the shittier one. Lol.
+1 Pump up that BTG shit! https://www.youtube.com/watch?v=9EcjWd-O4jII'm more old school ...PUMP IT UP!
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itod
Legendary
Offline
Activity: 1974
Merit: 1076
^ Will code for Bitcoins
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November 25, 2017, 11:02:41 PM |
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$2 to $1135 is the same as $200 to $113,500.
Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200. Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural?
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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November 25, 2017, 11:09:22 PM |
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Once bitcoin was out of the bear run (transitioned into a bull run), we can still use the approximate $250 price stability point of 2015 as our starting reference. Accordingly, it took about a year to triple to $750-ish, and then it took about 9 more months to triple again to $2,500-ish.. .and then it took about 3 months to triple again to $7,500-ish....
Funny, but I've been making this graph, to show how last 5 doubling events since $250 look like two distinct exponents: 270 days 270 days 90 days 90 days 90 days The question is, how much longer the second exponent will last... This graph seems to fit in the theory about the market manipulations by the "Tether Gang" The article argues tether was stable throughout 2016 and did not start to increase until March 2017. Tether’s value seemed to take off along with Bitcoin’s dramatic rise. https://news.bitcoin.com/tether-coin-may-be-a-precarious-us-dollar-peg/The question is, how much longer the second exponent will last...
I have some feeling like as long as the Tetherbubble does not bother the US treasury or they get some cash-out problems by a falling bitcoin price. The second is easy to prevent with unlimited funds (though it might get implausible if they exaggerate it) but they also get in the way of the plans of the "Bitcoin Cash Gang" to crash BTC. I can already imagine Hollywood making a movie about this all ... I believe the real question is: Are we breaking into a THIRD exponent (well dub this one the "over 9000" trend), and how high would the third trend go?
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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November 25, 2017, 11:18:33 PM |
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$2 to $1135 is the same as $200 to $113,500.
Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200. Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural? It was initiated by downtime at MtGox as that single exchange did 80% of volume at the time.
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itod
Legendary
Offline
Activity: 1974
Merit: 1076
^ Will code for Bitcoins
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November 25, 2017, 11:31:13 PM |
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$2 to $1135 is the same as $200 to $113,500.
Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200. Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural? It was initiated by downtime at MtGox as that single exchange did 80% of volume at the time. Yes, that's right. MtGox was in the root of both two big dips to 20% of the previous value. Not directly, but creating the atmosphere of failure.
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Heater
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November 25, 2017, 11:34:30 PM |
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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November 25, 2017, 11:36:37 PM |
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$2 to $1135 is the same as $200 to $113,500.
Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200. Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural? It was initiated by downtime at MtGox as that single exchange did 80% of volume at the time. Gox was just showing Kraken how to choke on volume. Speaking of Kraken, I wonder if they got more toasters on a black friday sale? Maybe upgrade to a 6 slice unit. That would be nice.
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Agapios
Member
Offline
Activity: 135
Merit: 17
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November 26, 2017, 12:02:08 AM |
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Not sure if anyone already posted this, I find it very interesting John McAfee $8000 Bitcoin is still affordable - BUY it !
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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November 26, 2017, 12:08:11 AM |
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What exactly does affordable mean in something that is so divisible? Are satoshis going to become too expensive to own one day?
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AlcoHoDL
Legendary
Offline
Activity: 2352
Merit: 4145
Addicted to HoDLing!
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November 26, 2017, 12:17:55 AM |
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Oh look. Another ATH.
And another! Now it's risen to 7260 7270 € at Euro-land. Looking forward to the dream I'm going to see tonight.
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BitcoinBunny
Legendary
Offline
Activity: 1442
Merit: 2493
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November 26, 2017, 12:20:40 AM |
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$80 billion flowing into the Crypto markets within 24 days is astonishing. Put it this way: IF that rate keeps up and even if BTC is only 40% of the total crypto market. 1 BTC in one year's time: +-$35.000
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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November 26, 2017, 12:22:44 AM |
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Bithumb is quietly at $9025
Edit: $9100
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DaRude
Legendary
Offline
Activity: 2778
Merit: 1791
In order to dump coins one must have coins
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November 26, 2017, 12:23:18 AM |
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What's up with Finex?
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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November 26, 2017, 12:27:56 AM |
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What's up with Finex?
Edit: I remember seeing something about going down for maintenance for 15 minutes.
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European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
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November 26, 2017, 12:29:18 AM |
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What's up with Finex?
planned maintenance.
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bones261
Legendary
Offline
Activity: 1806
Merit: 1826
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November 26, 2017, 12:29:51 AM |
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