Krabby
Sr. Member
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Merit: 250
https://primedao.eth.link/#/
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June 15, 2014, 03:47:34 PM |
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How come miners ain't changing pools?? Ok saw rpietilas post in another thread I don't really understand why you are short-term worried of the share of one pool. I heard that in 24 hours, it had shrunk from 51% to 34%, which means that the community was able to redirect 1/3 of the hashing previously sent to Ghash to other pools. IN 24 HOURS! In decentralized way! Wow.
It remains somewhat of a concern that a malicious entity can own 76% of the hashing power, but a pool where people voluntarily send 51% is not a realistic threat to the Bitcoin ecosystem. Calm down. The problem was solved already, proving that it was not much of a problem.
Could someone confirm that Ghash is only at 36% now? It is silly. I just wonder how much of it is cloud mining. Not much I think. Just think about it how many % of the mining power available is cloud mining? Most people would probable buy their own rigs instead. I don't know if I would. gHash let's you sell it on the market, makes it a lot more convenient than shipping etc.
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Erdogan
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Activity: 1512
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June 15, 2014, 03:49:11 PM |
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It's a really tiresome statement. You do lose if the price goes down and you haven't realized the loss. You have fewer options now. You have no access to your former wealth and your purchasing power has declined. Will it be undone in the future? Maybe. But you are trapped in the present.
Remember, everything is still denominated in FILTHY FIAT.
Denominated in whatever, I have a loss from the ATH till now. Had I sold at ATH, I would have more value. It's a loss. You have the same with a house, if it goes down even temporarily. There are lots of excuses, like I can still live in it and so on. The difference is that the house is in a thin market, and you know the value only when you sell it (if then, you still have the excuse of bad luck). Bitcoin is a thick market, there are always buyers. The mantra of "it's not a loss until you sell" is a deception. Its only a loss also if you bought at some higher price - otherwise it is a failure to realize a gain. or failure to make a profit, which is NOT the same as a loss.... You can call it a loss all you like and attempt to conceptualize a loss and a failure to realize a gain as the same thing, but they are NOT the same thing... that is fuzzy logic and failure and/or refusal to recognize the difference between two similar things... Let's say that buy a piece of gold for $10, and the value of the gold goes to $20, then it goes down to $5... however i still have the gold. I have NOT gained or lost anything until I cash out. I could have gained $10, but that is NOT a loss, and I could have lost $5, but that is NOT a loss, until I actually sell. IT is really misleading to attempt to describe all of these as losses, if you have NOT cashed out yet. Now it is possible that the value of the piece of gold will go to $1 and never return to $5, $10, or $20... but until it is sold, the amount of the loss or the failure to gain is speculation.. until locked in. It is a gain even if you have not realized the gain by selling. Its a loss when it goes down. That is the point. The value you have is fluid. When you realize, gain or loss, you still have to have it in some form of good or money. So you can never lean back and say that you have secured your funds. That is why you have to conclude, in the quest for value, the winner is the one who have the most when he dies.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 15, 2014, 03:54:29 PM |
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finex wall down
asks look thin across the board
i'm confident that market is being irrational troward recent FUD causing a short term buying opportunity of a life time.
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ChartBuddy
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Activity: 2282
Merit: 1799
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 15, 2014, 04:00:58 PM |
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magicmexican
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June 15, 2014, 04:02:59 PM |
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Huge pumps, dont miss the bus to 700$
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shmadz
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Activity: 1512
Merit: 1000
@theshmadz
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June 15, 2014, 04:03:17 PM |
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if you're looking for an entry point on the dip DON'T <snip>
PS: this could very well be as low as it goes...
could be, and after my 595 bid got filled and it didn't look good for going down much further (virtex of course) I did pull the rest of my bids and got them in at 596. so now I've run out of fiat. more is on the way, but probably won't clear until mid-late next week. I like every buy point below 800 actually, from long term perspective, but I'd always like to maximize if I can.
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justusranvier
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June 15, 2014, 04:04:36 PM |
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Most of those businesses did not adopt bitcoin at all. They merely agreed to accept dollars from the sale of bitcoins that people already had And where do those dollars come from? Not necessarily from the exchanges - why do you think BitPay et al. keep getting millions of dollars of outside investment? The payment processors are turning the dollars of their investors into bitcoins. Merchants might be doing the same thing. What's especially interesting is Coinbase's announcement that they are making it easy for merchants to offer discounts, which is the same as valuing btc higher than the exchange price. I think we're going to see price discovery move away from the exchanges and happen instead in the payment processors as investors get impatient about converting their dollars to btc so start telling the payment processors/merchants to increase their exchange rate to attract more sales.
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ejinte
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June 15, 2014, 04:05:13 PM |
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Huge pumps, dont miss the bus to 700$
Around 200BTC bought the last 15 minutes. Don't know I can call that huge.
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JayJuanGee
Legendary
Online
Activity: 3822
Merit: 10728
Self-Custody is a right. Say no to"Non-custodial"
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June 15, 2014, 04:09:24 PM |
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It's a really tiresome statement. You do lose if the price goes down and you haven't realized the loss. You have fewer options now. You have no access to your former wealth and your purchasing power has declined. Will it be undone in the future? Maybe. But you are trapped in the present.
Remember, everything is still denominated in FILTHY FIAT.
Denominated in whatever, I have a loss from the ATH till now. Had I sold at ATH, I would have more value. It's a loss. You have the same with a house, if it goes down even temporarily. There are lots of excuses, like I can still live in it and so on. The difference is that the house is in a thin market, and you know the value only when you sell it (if then, you still have the excuse of bad luck). Bitcoin is a thick market, there are always buyers. The mantra of "it's not a loss until you sell" is a deception. Its only a loss also if you bought at some higher price - otherwise it is a failure to realize a gain. or failure to make a profit, which is NOT the same as a loss.... You can call it a loss all you like and attempt to conceptualize a loss and a failure to realize a gain as the same thing, but they are NOT the same thing... that is fuzzy logic and failure and/or refusal to recognize the difference between two similar things... Let's say that buy a piece of gold for $10, and the value of the gold goes to $20, then it goes down to $5... however i still have the gold. I have NOT gained or lost anything until I cash out. I could have gained $10, but that is NOT a loss, and I could have lost $5, but that is NOT a loss, until I actually sell. IT is really misleading to attempt to describe all of these as losses, if you have NOT cashed out yet. Now it is possible that the value of the piece of gold will go to $1 and never return to $5, $10, or $20... but until it is sold, the amount of the loss or the failure to gain is speculation.. until locked in. It is a gain even if you have not realized the gain by selling. Its a loss when it goes down. That is the point. The value you have is fluid. When you realize, gain or loss, you still have to have it in some form of good or money. So you can never lean back and say that you have secured your funds. That is why you have to conclude, in the quest for value, the winner is the one who have the most when he dies. The winner is the one who has a plan and lives within his/her means and enjoys the comfort of such.... or the winner could be the one who lives off of the credit of others and in debt, but spends it all when s/he dies... There are a lot of ways to define winner in regard to expectations and disappointment... if you are living and framing your position in life in such a way that you feel that you are a loser and that you are losing out, then likely you are NOT going to be able to perceive your situation as being a winner. Maybe all of this perception about whether you are a winner or a loser does NOT matter too much b/c each of us will have our own conceptions, yet that does NOT change my point above regarding you are NOT losing anything merely b/c you fail to gain... until you cash out or have to cash out.... before you cash out, the loss or the failure to gain is merely "on paper."
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Mythul
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June 15, 2014, 04:11:03 PM |
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So are we back in the bull market now ?
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adamstgBit
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Merit: 1037
Trusted Bitcoiner
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June 15, 2014, 04:11:35 PM |
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if you're looking for an entry point on the dip DON'T <snip>
PS: this could very well be as low as it goes...
could be, and after my 595 bid got filled and it didn't look good for going down much further (virtex of course) I did pull the rest of my bids and got them in at 596. so now I've run out of fiat. more is on the way, but probably won't clear until mid-late next week. I like every buy point below 800 actually, from long term perspective, but I'd always like to maximize if I can. i was buying b4 the news... so i sold a few hours after i heard the news, and bought back on the way down. I'm at this point i'm full BTC too, but i always keep a few K incase i need to double down ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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bitcoinsrus
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June 15, 2014, 04:12:47 PM |
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if you're looking for an entry point on the dip DON'T <snip>
PS: this could very well be as low as it goes...
could be, and after my 595 bid got filled and it didn't look good for going down much further (virtex of course) I did pull the rest of my bids and got them in at 596. so now I've run out of fiat. more is on the way, but probably won't clear until mid-late next week. I like every buy point below 800 actually, from long term perspective, but I'd always like to maximize if I can. i was buying b4 the news... so i sold a few hours after i heard the news, and bought back on the way down. I'm at this point i'm full BTC too, but i always keep a few K incase i need to double down ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ffootsoldiers4christ.files.wordpress.com%2F2012%2F02%2Fall-in.jpg&t=665&c=uJ9Hs1Mv_8_EGQ)
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Parazyd
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June 15, 2014, 04:16:40 PM |
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^^ That should be redone with Casascius coins ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I've been all in since March, then sold at 660 and bought at 620. Now I'm all in again, until 1k or something. Hoping to snag a few more at 1k.
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Erdogan
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Activity: 1512
Merit: 1005
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June 15, 2014, 04:16:42 PM |
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It's a really tiresome statement. You do lose if the price goes down and you haven't realized the loss. You have fewer options now. You have no access to your former wealth and your purchasing power has declined. Will it be undone in the future? Maybe. But you are trapped in the present.
Remember, everything is still denominated in FILTHY FIAT.
Denominated in whatever, I have a loss from the ATH till now. Had I sold at ATH, I would have more value. It's a loss. You have the same with a house, if it goes down even temporarily. There are lots of excuses, like I can still live in it and so on. The difference is that the house is in a thin market, and you know the value only when you sell it (if then, you still have the excuse of bad luck). Bitcoin is a thick market, there are always buyers. The mantra of "it's not a loss until you sell" is a deception. Its only a loss also if you bought at some higher price - otherwise it is a failure to realize a gain. or failure to make a profit, which is NOT the same as a loss.... You can call it a loss all you like and attempt to conceptualize a loss and a failure to realize a gain as the same thing, but they are NOT the same thing... that is fuzzy logic and failure and/or refusal to recognize the difference between two similar things... Let's say that buy a piece of gold for $10, and the value of the gold goes to $20, then it goes down to $5... however i still have the gold. I have NOT gained or lost anything until I cash out. I could have gained $10, but that is NOT a loss, and I could have lost $5, but that is NOT a loss, until I actually sell. IT is really misleading to attempt to describe all of these as losses, if you have NOT cashed out yet. Now it is possible that the value of the piece of gold will go to $1 and never return to $5, $10, or $20... but until it is sold, the amount of the loss or the failure to gain is speculation.. until locked in. It is a gain even if you have not realized the gain by selling. Its a loss when it goes down. That is the point. The value you have is fluid. When you realize, gain or loss, you still have to have it in some form of good or money. So you can never lean back and say that you have secured your funds. That is why you have to conclude, in the quest for value, the winner is the one who have the most when he dies. The winner is the one who has a plan and lives within his/her means and enjoys the comfort of such.... or the winner could be the one who lives off of the credit of others and in debt, but spends it all when s/he dies... There are a lot of ways to define winner in regard to expectations and disappointment... if you are living and framing your position in life in such a way that you feel that you are a loser and that you are losing out, then likely you are NOT going to be able to perceive your situation as being a winner. Maybe all of this perception about whether you are a winner or a loser does NOT matter too much b/c each of us will have our own conceptions, yet that does NOT change my point above regarding you are NOT losing anything merely b/c you fail to gain... until you cash out or have to cash out.... before you cash out, the loss or the failure to gain is merely "on paper." Winner in the quest for value. Some very rich men, who have more than enough to live very well, have said that the work and the drive to have more becomes an obsession. But you don't have to enroll in that quest. You say there are other things more valuable, and I agree. Most people find a middle ground. If for nothing else, when you are old and can not help with painting a house or push a pram, it is good to have some money to give away.
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ChartBuddy
Legendary
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Activity: 2282
Merit: 1799
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 15, 2014, 05:00:58 PM |
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spooderman
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June 15, 2014, 05:10:47 PM |
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Come on, one more spike down so I can get me some moar.
This FBI thing is NOTHING to be scared about. I consider it bullish, but I consider everything BTC related bullish due to the fact that IT'S BITCOIN and ANTI-FRAGILE.
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Krabby
Sr. Member
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Merit: 250
https://primedao.eth.link/#/
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June 15, 2014, 05:43:21 PM |
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Come on, one more spike down so I can get me some moar.
This FBI thing is NOTHING to be scared about. I consider it bullish, but I consider everything BTC related bullish due to the fact that IT'S BITCOIN and ANTI-FRAGILE.
Well technically it will increase supply, which could be bearish.
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Sandia
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June 15, 2014, 05:52:40 PM |
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Objectively, what are our chances of going lower? I can throw in some fiat and buy some coins, but this is probably the last time I will be buying for 6 months or a year. Ignoring the trolls, is there a legitimate chance of hitting $500?
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damnek
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June 15, 2014, 05:55:17 PM |
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Come on, one more spike down so I can get me some moar.
This FBI thing is NOTHING to be scared about. I consider it bullish, but I consider everything BTC related bullish due to the fact that IT'S BITCOIN and ANTI-FRAGILE.
I think the main fear is that this auction is to test the waters for the sale of the 144k or so coins from SR
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