Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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December 16, 2015, 04:13:25 PM |
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Rate hike could affect Bitcoin in 3 different ways.
1. They raise the rate by .25 as predicted and the market reacts with worry, fear, etc. and the US economy takes a hit. This would leave investors fleeing to gold and bitcoin. Bitcoin price goes up.
2. They raise the rate by .25 as predicted and the market is happy. It is likely that the current uptrend factored in #1 happening so those that were protecting their investments will move back out of bitcoin and the price will go down.
3. They raise the rate by .25 as predicted and it sends a signal that the dollar is strong vs the euro. The dollar goes up sending the bitcoin price in other currencies up while USD bitcoin price stays fairly steady.
No rate hike and there will be panic. The dollar will go down and the bitcoin price will go up.
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aztecminer
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Activity: 1092
Merit: 1000
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December 16, 2015, 04:13:54 PM |
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JayJuanGee
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Activity: 3822
Merit: 10745
Self-Custody is a right. Say no to"Non-custodial"
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December 16, 2015, 04:15:09 PM |
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ew will back to $1000 soon this is just the intermezzo the price comeback to 3000yuan some minutes ago i think more whales come to accumulation in bitcoin trade I'm almost certain we're not going to see $1000 this coming year. Willing to bet on that? Ooh now we're talking, a real futures contract.. How about, I agree to sell you bitcoin(s) @ today's prices ~ $450 if BTC hits $1000 sometime in 2016. If it doesn't hit $1000 by Dec 31st 2016, then you buy the same amount of Bitcoin from me for $1000 each That's a great bet, and it would likely be determined before the end of 2016... hahahahahaha
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rokkyroad
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Activity: 1090
Merit: 1000
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December 16, 2015, 04:24:58 PM |
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Negative interest rates are the new thing. Perhaps the announcement will surprise.
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JayJuanGee
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Activity: 3822
Merit: 10745
Self-Custody is a right. Say no to"Non-custodial"
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December 16, 2015, 04:27:12 PM Last edit: December 16, 2015, 06:49:50 PM by JayJuanGee |
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Anyone who are more into bitcoin than me, could you please share some insight about how we will do in the coming days?
Will we go down from here or up?
To get good advice, you would need an answer from someone smart and honest. Without being here a while, you don't know who that is, so you'll be getting advice people talking their book and people trying to trick you into giving them your fiat or coins. Free advice is worth what you pay for it. hahahahaha BjA.... youve been making a lot of really good points today... not all, but a lot.
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spooderman
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Activity: 1652
Merit: 1029
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December 16, 2015, 04:32:06 PM |
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The network is already a tiny bit slower with the difficulty hike.
? really? scaling problem
you do understand that eventually miners are going to need money from people transacting, not just block rewards right? next year they become twice as dependent on this... it's an element of bitcoin. and it's not fatal. how else do you keep a blockchain healthy?
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JimboToronto
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Activity: 4116
Merit: 4738
You're never too old to think young.
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December 16, 2015, 04:34:40 PM |
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Good morning Bitcoinland. Exciting rollercoaster overnight I see.
Net result: Not much change, still scrapping around $460.
Nothing for long-term holders. I hope some speculators made a bit on the $30 price swing. Then again for everyone who made a profit, someone else took a loss, except the exchanges of course.
$400 fades deeper into the past.
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Vahnt
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Activity: 49
Merit: 0
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December 16, 2015, 04:39:26 PM |
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836 coin market dump in one shot
fat finger?
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hd060053
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December 16, 2015, 04:42:53 PM |
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836 coin market dump in one shot
fat finger?
nice useless dump on stamp, china and finxex not following
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 16, 2015, 04:43:00 PM |
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good support, bulls will be bulls! buy buy buy!
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Divitiae miserae
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December 16, 2015, 04:51:57 PM |
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Bitfinex has been leading the dump. If the price goes again below $450 things might get interesting; let's see if the teddybears manage to excite a whale.
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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December 16, 2015, 04:54:55 PM |
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The network is already a tiny bit slower with the difficulty hike.
? really? scaling problem
you do understand that eventually miners are going to need money from people transacting, not just block rewards right? next year they become twice as dependent on this... it's an element of bitcoin. and it's not fatal. how else do you keep a blockchain healthy? Yes, I understand that. We just disagree on how soon that has to happen. If smallblockers get too greedy, WE won't have the adoption rate to sustain the miners when the reward goes away. Miner reward= (block reward +xaction fees)* exchange rate. With a high exchange rate relative to the last six months, the developers have little incentive to address the scaling issue seriously. I have no indication that either blocksize or another scaling solution will be implemented before blocks fill up, fees spike, xaction confirmation times slow down and all this will be effected in the exchange rate. Then there are all sorts of other issues with unknown outcomes and I think that this uncertainty hasn't been priced in adequately. I could be wrong, so don't take this as gospel. Time will tell.
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ChartBuddy
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Activity: 2282
Merit: 1800
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 16, 2015, 05:00:46 PM |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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December 16, 2015, 05:02:36 PM |
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The network is already a tiny bit slower with the difficulty hike.
? really? scaling problem
you do understand that eventually miners are going to need money from people transacting, not just block rewards right? next year they become twice as dependent on this... it's an element of bitcoin. and it's not fatal. how else do you keep a blockchain healthy? Everyone knows the halving is coming. There is no point in subsidizing miners who can't do some simple math. By the time fees are paying for network security we'll need more users making payments and paying fees. Radically higher fees before that point carries a lot of risk.
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dloghwak
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December 16, 2015, 05:04:46 PM |
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Will we go down from here or up?
Yes Very funny answer. Yes to what more exactly? Up or down? I guess it's not something you could answer tho.. Yes to no one knows?
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peonminer
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December 16, 2015, 05:05:37 PM Last edit: December 16, 2015, 10:09:17 PM by peonminer |
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Divitiae miserae
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December 16, 2015, 05:26:39 PM |
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Wedge end is closing in (UTC+1).
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TERA
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December 16, 2015, 05:57:56 PM |
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Lol @ 1K -5K being a "major dump".
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ChartBuddy
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Activity: 2282
Merit: 1800
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 16, 2015, 06:00:39 PM |
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