Tzupy
Legendary
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Activity: 2128
Merit: 1074
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September 29, 2014, 09:44:26 AM |
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Last year aoriund this time btc entered the rally ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will history repeat itself? No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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September 29, 2014, 09:45:12 AM |
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Last year aoriund this time btc entered the rally ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will history repeat itself? No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) People would have given the same answer last year when the market dropped after SR got taken out ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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inca
Legendary
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Activity: 1176
Merit: 1000
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September 29, 2014, 09:46:27 AM |
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Last year aoriund this time btc entered the rally ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will history repeat itself? No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) People would have given the same answer last year when the market dropped after SR got taken out ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Yeah i am not sure I have seen tzupy every give a bullish response. Then again it has been a long bear market.
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Davyd05
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2014, 09:49:06 AM |
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Patience is all I need. However it be nice to see the bears get it together and create a new low. Failing to do so since the the era of China ban nd the goxxing.
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Wandererfromthenorth
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2014, 09:50:28 AM |
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Last year aoriund this time btc entered the rally ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will history repeat itself? No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) People would have given the same answer last year when the market dropped after SR got taken out ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) But the SR crash was a totally different situation AND type of crash. The two scenarios have 0 in common.
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inca
Legendary
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Activity: 1176
Merit: 1000
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September 29, 2014, 09:52:03 AM |
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Last year aoriund this time btc entered the rally ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will history repeat itself? No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) People would have given the same answer last year when the market dropped after SR got taken out ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) But the SR crash was a totally different situation AND type of crash. The two scenarios have 0 in common. History rhymes, not repeats.
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Wary
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September 29, 2014, 09:52:52 AM |
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The exact annualised inflation rate jumps around every day, depending on how many bitcoins were mined in the last 24 hours.
It is around 10-14% currently, but will halve to around 5% at block height 420,000.
Say, 12%. It's not much, but unfortunately if works with "multiplicator": Since only about 20% of bitcoins are in circulation (the rest is on hodl), effect of new coins is 5 times stronger. I.e. this 12% inflation affects prices with the strength of 60% one. That is we need 60% annual user base growth just to maintain current price.
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prophetx
Legendary
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Activity: 1666
Merit: 1010
he who has the gold makes the rules
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September 29, 2014, 09:53:06 AM |
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Last year aoriund this time btc entered the rally ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will history repeat itself? No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) People would have given the same answer last year when the market dropped after SR got taken out ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) yes but last year was a different situation. we had willy bot on mtgox buying up BTC that was no longer held by the exchange (or in the processes of being fleeced). this year we have a glut of ASICs causing block times to be in the 8 minute range which means that the daily supply of BTC is 20% higher than it should. also several very large early wallets moved at the end of 2013 and the first half of 2014. i actually bought back in right after the SR drop...
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prophetx
Legendary
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Activity: 1666
Merit: 1010
he who has the gold makes the rules
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September 29, 2014, 09:55:44 AM |
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going to the Moon is a choice we make ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fissetdirectorblog.files.wordpress.com%2F2013%2F01%2Fjfkheader.jpg&t=663&c=2O1z92lNui0Pug)
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Davyd05
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2014, 09:56:32 AM |
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going to the Moon is a choice we make ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fissetdirectorblog.files.wordpress.com%2F2013%2F01%2Fjfkheader.jpg&t=663&c=2O1z92lNui0Pug) Were stocking fuel for Mars, don't cha know?
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wachtwoord
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Activity: 2324
Merit: 1125
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September 29, 2014, 09:57:14 AM |
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Last year aoriund this time btc entered the rally ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will history repeat itself? No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) People would have given the same answer last year when the market dropped after SR got taken out ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) But the SR crash was a totally different situation AND type of crash. The two scenarios have 0 in common. Haha, you're saying it's different this time? Ah well, it might be, it might not. Short term my opinion is as good a guess as anyone's.
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MemCiD
Member
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Activity: 70
Merit: 10
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September 29, 2014, 09:58:04 AM |
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Honestly.. I think it'll bounce back up today!
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prophetx
Legendary
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Activity: 1666
Merit: 1010
he who has the gold makes the rules
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2014, 09:59:27 AM |
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going to the Moon is a choice we make ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fissetdirectorblog.files.wordpress.com%2F2013%2F01%2Fjfkheader.jpg&t=663&c=2O1z92lNui0Pug) Were stocking fuel for Mars, don't cha know? going to Mars is a suicide mission until they can have a space station around Mars edit: which i don't think the current world leadership is capable of the kind of long term planning that is required to achieve that...
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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September 29, 2014, 09:59:46 AM |
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Meanwhile on coinfloor... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FdfCBR5b.png&t=663&c=YQkPC9-figNqxw) Dat wall... So solid. Much scare. I can read your buy order. Nice one though ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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ChartBuddy
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Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 29, 2014, 10:01:16 AM |
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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September 29, 2014, 10:04:31 AM |
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The exact annualised inflation rate jumps around every day, depending on how many bitcoins were mined in the last 24 hours.
It is around 10-14% currently, but will halve to around 5% at block height 420,000.
Say, 12%. It's not much, but unfortunately if works with "multiplicator": Since only about 20% of bitcoins are in circulation (the rest is on hodl), effect of new coins is 5 times stronger. I.e. this 12% inflation affects prices with the strength of 60% one. That is we need 60% annual user base growth just to maintain current price. not quite, a portion of the new coins will going directly into the "hodl" category so it is less than your 60% ... and it is not a 60% increase in total number of users but total new funds by users to maintain current price.
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grappa_barricata
Full Member
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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September 29, 2014, 10:04:56 AM |
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I won't be closing my shorts anytime soon
i'm betting on 350$ in a couple of days, then maybe a crazy 20%+ bounce but maybe not
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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September 29, 2014, 10:05:26 AM |
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Last year aoriund this time btc entered the rally ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will history repeat itself? No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) People would have given the same answer last year when the market dropped after SR got taken out ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) But the SR crash was a totally different situation AND type of crash. The two scenarios have 0 in common. O really? What is that? People sold and bought back lower... Same shit different story. I think this is a good entry point, not sure if we already hit the bottom or not, but market looks completely oversold. Don't forget shorts on finex are near ATH ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Market looking oversold (and it's not "completely") is normal at this stage, it doesn't mean it won't drop further.
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Davyd05
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 29, 2014, 10:05:41 AM |
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I won't be closing my shorts anytime soon
Perhaps eating them?
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