Meuh6879
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June 05, 2017, 04:30:51 PM |
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Interesting ... or not ?  |
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Meuh6879
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Activity: 1512
Merit: 1011
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June 05, 2017, 04:35:42 PM |
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Asrael999
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June 05, 2017, 04:39:19 PM |
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Interesting ... or not ?
Lots of extra bitmain miners who will do anything to avoid segwit - but the chances of Segwit activating on Bitcoin are vanishingly small |
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Torque
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Activity: 3542
Merit: 5039
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June 05, 2017, 05:35:11 PM |
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One scenario those charts don't show, is the scenario where every middle class person in all 1st world countries age 20-55 with a bank account, put an average of just $1000 USD equiv. of their long term savings into bitcoin. Which I believe is more likely than them putting it into any other asset class right now outside of their long term mutual funds, 401k/IRA, etc. What would the Bitcoin marketcap be then? Bigger moon? |
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pfrtlpfmpf
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June 05, 2017, 05:39:20 PM
Last edit: June 05, 2017, 06:31:57 PM by pfrtlpfmpf |
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Well...just a random thing that just hit me on the head....at the current price of gold is $1,280.30 and as of 2 seconds ago the price of BTC is $2597.00 Well...put a light on my head and paint me like a lighthouse....we are more then TWICE the value of Gold now.  Sheesh..it was not that long ago we were just trying to MATCH the price of gold if I remember right (all so fast...all so pump...all so scary) anyway..just thought this should be mentioned thou in hindsight it is as obvious as a brick dropped on your foot The reason that it's gone past us so fast is because it's an arbitrary comparison. You could only compare based on how many ounces of gold there are. If you look at any measure which actually makes sense, Bitcoin's price is completely insignificant compared to that of gold. Yep, i never understood, why we would compare bitcoin to an ounce of gold. An ounce, or a unit of bitcoin, what has that to do with each other ? Its just a coincidence, that we measure the one in ounces (what about gramms, or kilos ? measured in kilos gold, bitcoin is "depressing" ), and the other one in full bitcoins. No correlation, whatsoever ! Apples and Noodles, or the other way around . . . |
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Chef Ramsay
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Activity: 1568
Merit: 1001
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June 05, 2017, 06:08:13 PM |
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BlindMayorBitcorn
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June 05, 2017, 06:56:25 PM |
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No. Casper can survive 51% attacks happening once in a while; we can just delete the attackers' deposits and keep going. Good to know... Good lord. And the ETH supporters, who were originally all principled Bitcoiners, now apparently don't give a shit about a permissionless, trustless cryptocurrency that can't be just rolled back, censored, or 'deleted'. Talk about justifying one's position. Not to mention I think it's humorous that nobody but Vitalik really even knows how ETH works at the nuts and bolts level, or what it's flaws are. Gonna be a huge disaster in the future. It's ok, Vladimir knows too: http://en.kremlin.ru/events/president/news/54677I can't even figure out how many tokens there will be. Last I heard Vitalik wanted to keep it at roughly 100 million? I honestly don't get it. It's a black box. |
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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June 05, 2017, 07:14:01 PM |
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No. Casper can survive 51% attacks happening once in a while; we can just delete the attackers' deposits and keep going. Good to know... Good lord. And the ETH supporters, who were originally all principled Bitcoiners, now apparently don't give a shit about a permissionless, trustless cryptocurrency that can't be just rolled back, censored, or 'deleted'. Talk about justifying one's position. Not to mention I think it's humorous that nobody but Vitalik really even knows how ETH works at the nuts and bolts level, or what it's flaws are. Gonna be a huge disaster in the future. It's ok, Vladimir knows too: http://en.kremlin.ru/events/president/news/54677I can't even figure out how many tokens there will be. Last I heard Vitalik wanted to keep it at roughly 100 million? I honestly don't get it. It's a black box. NObody knows. It's obvious that they can change any rule whenever they feel like, as did with The DAO event. In that respect, if someone likes the technology behind (I am not even sure about that) just go with ETC instead. It's basically the same without the centralised governance and with a coin limit. Anyway, I feel like the the BIG time for BTC is slowly coming. Alts already had their mostly undeserved one. On another note, everything points that we will reach 100 billion market cap for all cryptocurrencies this week. Impressive. |
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FractalUniverse
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June 05, 2017, 07:33:41 PM |
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bitfinex just $100 from its all time high now. how is it going on other exchanges?
its going too fast
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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June 05, 2017, 07:38:10 PM |
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bitfinex just $100 from its all time high now. how is it going on other exchanges?
its going too fast
Kraken is even closer to its ATH (2406€), now at 2349€. And today is monday... |
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Torque
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Activity: 3542
Merit: 5039
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June 05, 2017, 07:51:06 PM |
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I get the feeling that there is a LOT of money that wants to come into the Bitcoin market. The problem is, it can't do that overnight without the price skyrocketing. As we have seen, exchanges can quickly run out of coins. Miners must mine and release more, and they may be holding some back. So taking large short positions can be tricky. The OTC market might be drying up as well.
So where to go? Altlandia... ride it out, pump the alts, trade for btc when it becomes available. Depending on the amount of money wanting to come in, this could go on for quite a while.
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Meuh6879
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Activity: 1512
Merit: 1011
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June 05, 2017, 08:14:21 PM |
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bitfinex just $100 from its all time high now. how is it going on other exchanges?
its going too fast
Kraken is even closer to its ATH (2406€), now at 2349€. And today is monday...    |
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gentlemand
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Activity: 2590
Merit: 3013
Welt Am Draht
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June 05, 2017, 08:16:24 PM |
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I get the feeling that there is a LOT of money that wants to come into the Bitcoin market. The problem is, it can't do that overnight without the price skyrocketing. As we have seen, exchanges can quickly run out of coins. Miners must mine and release more, and they may be holding some back. So taking large short positions can be tricky. The OTC market might be drying up as well.
So where to go? Altlandia... ride it out, pump the alts, trade for btc when it becomes available. Depending on the amount of money wanting to come in, this could go on for quite a while.
But the alt exchanges are so buggered that I don't see how you could get significant amounts of Bitcoin off. Poloniex is the daddy. You're restricted to $2000 withdrawals per day and they're so snowed under that you might be waiting months for it to be raised. I assume whales might have their own arrangements but even then that might not be good enough when the place lags at vital moments. |
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Qartada
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June 05, 2017, 08:36:03 PM |
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I get the feeling that there is a LOT of money that wants to come into the Bitcoin market. The problem is, it can't do that overnight without the price skyrocketing. As we have seen, exchanges can quickly run out of coins. Miners must mine and release more, and they may be holding some back. So taking large short positions can be tricky. The OTC market might be drying up as well.
So where to go? Altlandia... ride it out, pump the alts, trade for btc when it becomes available. Depending on the amount of money wanting to come in, this could go on for quite a while.
But the alt exchanges are so buggered that I don't see how you could get significant amounts of Bitcoin off. Poloniex is the daddy. You're restricted to $2000 withdrawals per day That's only for unverified accounts. Level 2 verification lets you do $25,000 per day. I use Bittrex myself though. I'd rather get withdrawals in less than a minute than withdrawals in a day if I'm lucky. It's fucking terrifying when the exchange was likely to basically give up on your withdrawal for another few weeks if they felt like it. Bittrex still has decent liquidity, unless you're one of the biggest whales around it should be alright. |
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afbitcoins
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Activity: 2100
Merit: 1061
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June 05, 2017, 09:02:45 PM |
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Fuck ethereum
That is all
While I agree with that sentiment, however I think its worth adding fuck Ripple too 100% premined, 60% of them held with the team behind it. edit, Does it even have a blockchain, it has a centralised ledger no? Probably an Excel spreadsheet or something |
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Odalv
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Activity: 1400
Merit: 1000
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June 05, 2017, 09:04:49 PM |
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Fuck ethereum
That is all
While I agree with that sentiment, however I think its worth adding fuck Ripple too 100% premined, 60% of them held with the team behind it. fuck all shit-coins too |
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afbitcoins
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Activity: 2100
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June 05, 2017, 09:06:03 PM |
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Fuck ethereum
That is all
While I agree with that sentiment, however I think its worth adding fuck Ripple too 100% premined, 60% of them held with the team behind it. fuck all shit-coins too I make an exception for Dash  Bitcoin and Dash, and physical gold and silver cover my needs, |
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Odalv
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Activity: 1400
Merit: 1000
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June 05, 2017, 09:08:46 PM |
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Fuck ethereum
That is all
While I agree with that sentiment, however I think its worth adding fuck Ripple too 100% premined, 60% of them held with the team behind it. fuck all shit-coins too I make an exception for Dash Bitcoin and Dash, and physical gold and silver cover my needs, Do as you wish, everything has been spoken. |
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lightfoot
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Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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June 05, 2017, 09:12:13 PM |
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Bitcoin is at 2640. I am really glad I didn't pay for hookers when Bitcoin hit $500 a few years back. I would be feeling less pleasurable now.
2640. That's not bad.
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