JorgeStolfi
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November 27, 2015, 11:26:32 PM |
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AFAIK the ponzi is still going on.
Right, and has been for the last couple of weeks yet no sign (except for the last couple days) of the volume that was previously credited to it. Could you please check the daily volume at OKCoin and Huobi over the past year? And compare to Bitstamp and Bitfinex...
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natewelt
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November 27, 2015, 11:28:19 PM |
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price going to dump soon
It is happening already and I thought it would be soon the trading day for it to go down. Was $357 last I checked around ten minutes ago thought it broke 360 barely two hours ago. Up to $366 and down to almost $10 is not very promising end of the month tally. Yes, we are crashing uncontrollably. Except...we aren't. Zoom out a little bit on your charts and stop trying to be cute with little moves. Look at the pattern, not the pattern within the pattern, within the pattern. These little movements make me quiver because it makes my intuition say "buy or sell". Just that little up tick in the price makes the inner wolf in me want to howl at the moon and want to sell. Well let me give you some serious advice. Start forcing yourself not to look at what Bitcoin is doing so often. This works in the stock market as well. If you get yourself into good investments then try not to micromanage your portfolio. You will end up trading so much you miss out on the big money moves which take time to develop. Stick to your convictions
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brg444
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November 27, 2015, 11:30:19 PM |
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AFAIK the ponzi is still going on.
Right, and has been for the last couple of weeks yet no sign (except for the last couple days) of the volume that was previously credited to it. Could you please check the daily volume at OKCoin and Huobi over the past year? And compare to Bitstamp and Bitfinex... Oh so now you're suggesting the totality of Chinese exchanges volume is a consequence of the MMM ponzi. It's quite amazing how you manage to twist and turn any news item into a rationale as to why Bitcoin's price is rising but of course it explicitly never is because of normal demand for Bitcoin.
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JorgeStolfi
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November 27, 2015, 11:35:37 PM |
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If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice? Deposit at least 1 BTC and receive 1 BTC for FREE How could this be for real? Could they be planning an exit scam? such a dumb fud attempt, lol. anyone with any basic knowledge of gambling site promos understands what a rollover requirement is for a bonus. you have to bet the amount deposited many many times over before you are eligible for the bonus. As others have pointed out, that is a fake PrimeDice site. (Are you shilling for them, perchance?) If you had bothered to check their conditions, you would have seen that they require only 5 bets of 0.5 BTC -- way too little for a honest site to recover the gift via the house cut or fees. So it may have attracted many unwary victims...
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marcus_of_augustus
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Eadem mutata resurgo
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November 27, 2015, 11:37:27 PM |
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http://bitcoinclock.com/bitcoin cost of production doubles on or around 23.07.2016 ... the floor price will get raised in proportion, one way or another.
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shorts will be homeless
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November 27, 2015, 11:42:18 PM |
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If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice? Deposit at least 1 BTC and receive 1 BTC for FREE How could this be for real? Could they be planning an exit scam? such a dumb fud attempt, lol. anyone with any basic knowledge of gambling site promos understands what a rollover requirement is for a bonus. you have to bet the amount deposited many many times over before you are eligible for the bonus. As others have pointed out, that is a fake PrimeDice site. (Are you shilling for them, perchance?) If you had bothered to check their conditions, you would have seen that they require only 5 bets of 0.5 BTC -- way too little for a honest site to recover the gift via the house cut or fees. So it may have attracted many unwary victims... simply didnt think you were stupid enough to put up a link to a fake website. i overestimated you, wont happen again. meanwhile you are ignoring the elephant in the room which is why have you wasted so many hours of your life with something you hate and how will you repair what is left of your life and better spend the little time you have left on this planet. i guess it really is a bull market when the permabears accuse bulls of being paid shills. bears certainly called you a paid shill during the bear market. thanks for turning the tables.
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Hyperjacked
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It's all mathematics...!
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November 27, 2015, 11:48:43 PM |
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looks like the "gold and silver is surging" bs got put where it belonged ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) gold down $15.00 silver down .18 ... and while all commodities are SURGING DOWNWARDS due to usd strength, bitcoin pumps upwards. I'm just livin da dream with my oil and gold shorts and my btc 380 call at 330! Disclaimer:please don't leverage on this post...
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Hyperjacked
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It's all mathematics...!
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November 27, 2015, 11:51:35 PM |
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If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice? Deposit at least 1 BTC and receive 1 BTC for FREE How could this be for real? Could they be planning an exit scam? such a dumb fud attempt, lol. anyone with any basic knowledge of gambling site promos understands what a rollover requirement is for a bonus. you have to bet the amount deposited many many times over before you are eligible for the bonus. As others have pointed out, that is a fake PrimeDice site. (Are you shilling for them, perchance?) If you had bothered to check their conditions, you would have seen that they require only 5 bets of 0.5 BTC -- way too little for a honest site to recover the gift via the house cut or fees. So it may have attracted many unwary victims... simply didnt think you were stupid enough to put up a link to a fake website. i overestimated you, wont happen again. meanwhile you are ignoring the elephant in the room which is why have you wasted so many hours of your life with something you hate and how will you repair what is left of your life and better spend the little time you have left on this planet. i guess it really is a bull market when the permabears accuse bulls of being paid shills. bears certainly called you a paid shill during the bear market. thanks for turning the tables. Thanks for the newbie honors...
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marcus_of_augustus
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November 27, 2015, 11:51:49 PM |
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http://bitcoinclock.com/bitcoin cost of production doubles on or around 23.07.2016 ... the floor price will get raised in proportion, one way or another. Bitcoin cost of production just went up 10.44% on the 24th, and will go up by 12.18% in just 9 days. That's almost half of what the block reward halving will do ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) @shorts will be homeless: stop being such a rude faggot. difficulty and average (network-wide) cost of production is not directly related, but it is closely related ... tech. advances and cost of tech. development come into it also. Given the same specific processor hardware, yes, cost of production and difficulty are directly related.
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marcus_of_augustus
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November 27, 2015, 11:57:52 PM |
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According to BW, each 14nm chip in the miner will be able to attain anywhere from 34.6-63GH/s. The power consumption is 18W based on a voltage of 0.59V to 0.76V. This efficiency comes on the back of nearly a year of research and development. Why is this important? 14nm is state of the art fabrication technology, ever since the ASIC arms race began btc mining chips have been using old fabrication technology, now they have reached 14nm it means we will plateau in advancement at the same rate as other processor chips ... or who knows maybe bitcoin mining ASIC fabrication will begin to lead the world in processor fabrication R&D generally ... and that would be a notable benefit that bitcoin tech. has brought to the world, funding and incentivising R&D for general processor fabrication tech.
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ChartBuddy
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November 28, 2015, 12:01:00 AM |
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AlexGR
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November 28, 2015, 12:04:42 AM |
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Why is this important? 14nm is state of the art fabrication technology, ever since the ASIC arms race began btc mining chips have been using old fabrication technology, now they have reached 14nm it means we will plateau in advancement at the same rate as other processor chips ...
The situation with various chips claiming 28-22-20-14nm is that this is not a very "precise" measurement. For example, some components of a chip might be 28nm and some others might be 14nm. There's quite a bit of misleading practices going around with nanometer labeling. Ideally, detailed specs would be like: Component A of the chip is: X nm Component B of the chip is: Y nm Component C of the chip is: Z nm Until then you could have a very "stretched" specification based on a single aspect of the chip.
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DaRude
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In order to dump coins one must have coins
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November 28, 2015, 12:05:44 AM |
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http://bitcoinclock.com/bitcoin cost of production doubles on or around 23.07.2016 ... the floor price will get raised in proportion, one way or another. Bitcoin cost of production just went up 10.44% on the 24th, and will go up by 12.18% in just 9 days. That's almost half of what the block reward halving will do ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) @shorts will be homeless: stop being such a rude faggot. difficulty and average (network-wide) cost of production is not directly related, but it is closely related ... tech. advances and cost of tech. development come into it also. Given the same specific processor hardware, yes, cost of production and difficulty are directly related. Reward halving is no different from doubling hashrate. If you disagree, feel free to explain the difference. @shorts will be homeless: Remember making you my bitch a while ago. I see you still haven't taken that coke bottle out of your ass, why is that? For real?? Didn't ignore this nick yet but let me entertain this. Halving = supply is reduced by half, thus with constant demand basic laws of economics suggest upward pressure. Doubling hashrate=improvement in technology and has no effect on supply of BTC whatsoever. Any more Qs?
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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November 28, 2015, 12:21:08 AM |
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The pattern of volume at Bitfinex over the last year is similar to that of Bitstamp. Namely, the volume during the "sub-rally" of the last 2-3 days is above average, but still much less than the peak of early Novermber, and comparable to the volume seen several times during 2015..
What the fuck matters regarding some alleged similar volume pattern when for one, they are two years removed from each other.. and bitfinex allows some creative low fee arrangements and bitfinex also allows quite a variety of marginal betting... which in the end becomes a BIG ... SO WhAT? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Apples and Oranges. Sorry, I am talking about 2015 exclusively there; "November" is Nov/2015 not Nov/2013. My proposal is that the rise from $220 to the almost-stable $330 level in the last 3 months was due to the MMM ponzi and copycats in China. It was definitely pulled by OKCoin and Huobi, who saw a huge increase in daily trade volume (10x their records before Sep/2015, including the levels during the Nov/2013 rally). Whereas Bitstamp and Bitfinex saw a much more modest increase in volume, that barely reached the levels seen in several previous occasions (such as Jul/2015 and Feb/2015). As for the mini-rally of the last 3 days, from $320 to $360, I don't think that it can be explained by Bitcoin Black Friday sales (unless it was the PrimeDice offer above). BBF 2014 had no influence on the price, and this one seems to have been a flop. If bitcoiners are expecting the price to go up further, they should buy and hold rather than buy to spend, even with "20% off" offers. Only early adopters who bought well below the current $350 price may think that it is a good time to take profits. So BBF may actually have a negative effect on the price... Fair enough explanation, even though your theories continue to seem to be quite a stretch to be taking some small happening and to give it undue weight. Regarding spending BTC for discounts, I believe that anyone who has any semblance of knowledge regarding basic accounting facts should understand and recognize that if his/her intention is to support the BTC infrastructure, then s/he needs to do more than merely spend bitcoin... and in that regard, spending and replacing is a much better practice in order to also use BTC as an investment and attempt to prop BTC prices, to whatever small degree is possible through individual spending actions.
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Meuh6879
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November 28, 2015, 12:27:08 AM |
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You mean losing most of your money is a small price to pay for learning how to lose most of your money?
i don't loose anything ... that the difference between FIAT money and BITCOIN unit. i know the goal of inflation ... and the loose of value of my FIAT money (in 1 year, 1 USD = 1 EUR ... ?!? What a complet joke and loose of worked hour value !) but like i already say, you don't see the whole picture of Bitcoin system.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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November 28, 2015, 12:32:41 AM |
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You don't really seem to give up with your coming up with various FUD offerings.
Why FUD? I think that the MMM ponzi could lift the price to $1200 and beyond (or not). Otherwise, I don't see where else you are going to find enough fresh demand for bitcoins to do that. Your theory would be a whole hell-of-a lot more interesting if you were invested in a material way in Bitcoin, one way or another, rather than contributing with your supposed detached analysis.
One does not need to stand in the rain to be a competent meteorlogist. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 1st: you seem to be attempting to minimize a variety of BTC uses and investment efforts when you simplify the price dynamics of bitcoin. Also, you well know that if your stupid ass theory were true, such truth would cause a lot more instability, volatility and uncertainty in bitcoin's price, which is really an inadequate explanation for BTC recent price actions. 2nd: you are not a meteorologist, but you may get a better idea about certain aspects of the weather if you experience some of those aspects. This is a bitcoin forum, and I stand by my earlier comment that your non-involved observations are rather tedious.. not only because of your lack of experience but also because for a lot of us it seems that you are vested in some kind of negative agenda that is really not very helpful in the whole scheme of things - like a busy body neighbor or someone who is a nuisance. have you ever heard about the civil cause of action "tortious interference." You are likely guilty of such a claim, and if the universe were moral, you would owe damages to the members of the forum for your tortious conduct. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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marcus_of_augustus
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November 28, 2015, 12:51:15 AM |
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Reward halving is no different from doubling hashrate. They are different things ... one is the reward halving, the other is the difficulty doubling (you erroneously said hashrate and hashrate and difficulty are not instantaneously equivalent either). As I said they are related but not identical, assuming we are both speaking to how they both relate to cost of production calculations.
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marcus_of_augustus
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November 28, 2015, 12:57:02 AM |
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Why is this important? 14nm is state of the art fabrication technology, ever since the ASIC arms race began btc mining chips have been using old fabrication technology, now they have reached 14nm it means we will plateau in advancement at the same rate as other processor chips ...
The situation with various chips claiming 28-22-20-14nm is that this is not a very "precise" measurement. For example, some components of a chip might be 28nm and some others might be 14nm. There's quite a bit of misleading practices going around with nanometer labeling. Ideally, detailed specs would be like: Component A of the chip is: X nm Component B of the chip is: Y nm Component C of the chip is: Z nm Until then you could have a very "stretched" specification based on a single aspect of the chip. Yes, good points. General point still stands though I think, the tech. advance in ASIC chips is plateauing at the current level of state-of-the-art fab. processes, or will be in the near future (12-18 months), and this will lead to more "commoditization" of mining chips.
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ChartBuddy
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November 28, 2015, 01:01:15 AM |
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