Omikifuse
Legendary
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Activity: 1834
Merit: 1009
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October 20, 2014, 08:05:51 AM |
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why green is bigger and bigger, but price keeps going lower and lower?
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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October 20, 2014, 08:07:30 AM |
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With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.
Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop. Remember that inflation used to be much higher Yep, it was much higher but the the coins were being mined by "hobbyists" who didn't sell them. Right now the majority of coins are being mined in china where they have very little incentive of keeping them. "As a response to the decline in the bitcoin price during the quarter, the company decided to reduce the number of bitcoins sold from its mining operations. It plans to sell its mined cryptocurrecy when the market value tilts in its favour." http://www.zdnet.com/bitcoin-hoard-no-remedy-for-negative-cashflow-7000034841/
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Omikifuse
Legendary
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Activity: 1834
Merit: 1009
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October 20, 2014, 08:13:46 AM |
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Whales forcing fishes to sell low... With 3d macd turning green, this is probably last chance to get coins at this price people saying it since the 500+ level
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JimboToronto
Legendary
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Activity: 4172
Merit: 4816
You're never too old to think young.
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October 20, 2014, 08:14:59 AM |
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why green is bigger and bigger, but price keeps going lower and lower? Bitcoin can be moved onto and off of an exchange in minutes. Fiat takes days. Smart people try to leave coins off exchange and move them on only to trade and get them safely into cold storage as soon as possible. Because fiat takes so long to move, it becomes necessary to leave it on exchange longer, so people leave it in the form of bids, often staggered but sometimes as distinct walls.
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ShroomsKit
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October 20, 2014, 08:17:44 AM |
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At the moment Bitcoin looks like just another scammy pump and dump coin. These fucking traders are horrible. I wish they would move on to something else they can destroy.
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findftp
Legendary
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Activity: 1022
Merit: 1008
Delusional crypto obsessionist
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October 20, 2014, 08:35:29 AM |
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why green is bigger and bigger, but price keeps going lower and lower? It's just like a tsunami. Water is pulling back further and further, until...
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bigdave
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October 20, 2014, 08:46:20 AM |
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At the moment Bitcoin looks like just another scammy pump and dump coin. These fucking traders are horrible. I wish they would move on to something else they can destroy.
Why are you still in bitcoin? I don't think I've ever seen a positive post from you.
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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October 20, 2014, 08:48:26 AM |
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If we hold here then 400 is toast in short order.
edit: Just bought from circle. God it is easy.
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brg444
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October 20, 2014, 08:50:42 AM |
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At the moment Bitcoin looks like just another scammy pump and dump coin. These fucking traders are horrible. I wish they would move on to something else they can destroy.
You should just quit now. When Wall Street enters, you're gonna be left with a heart attack.
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brg444
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October 20, 2014, 08:58:01 AM |
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With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.
Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop. Remember that inflation used to be much higher Yep, it was much higher but the the coins were being mined by "hobbyists" who didn't sell them. Right now the majority of coins are being mined in china where they have very little incentive of keeping them. "As a response to the decline in the bitcoin price during the quarter, the company decided to reduce the number of bitcoins sold from its mining operations. It plans to sell its mined cryptocurrecy when the market value tilts in its favour." http://www.zdnet.com/bitcoin-hoard-no-remedy-for-negative-cashflow-7000034841/Wow thanks for this link There is some very interesting information in there from the September quarter report of DigitalCCLimited, parent company of the digitalX Direct platform used by GABI for OTC purchases : http://www.asx.com.au/asxpdf/20141020/pdf/42t0mqrygyzd74.pdf
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 20, 2014, 09:00:46 AM |
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brg444
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October 20, 2014, 09:05:56 AM |
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With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.
Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop. Remember that inflation used to be much higher Yep, it was much higher but the the coins were being mined by "hobbyists" who didn't sell them. Right now the majority of coins are being mined in china where they have very little incentive of keeping them. "As a response to the decline in the bitcoin price during the quarter, the company decided to reduce the number of bitcoins sold from its mining operations. It plans to sell its mined cryptocurrecy when the market value tilts in its favour." http://www.zdnet.com/bitcoin-hoard-no-remedy-for-negative-cashflow-7000034841/Wow thanks for this link There is some very interesting information in there from the September quarter report of DigitalCCLimited, parent company of the digitalX Direct platform used by GABI for OTC purchases : http://www.asx.com.au/asxpdf/20141020/pdf/42t0mqrygyzd74.pdffrom this we can assume GABI has bought no more than 2.5 millions $ worth of bitcoins so far. "Significant increase in volume of bitcoins traded through Liquidity Desk operations with bitcoins sales of US$2.5 million during the quarter" "This has been particularly evident for the company's Liquidity Desk operations with two "first ever" transactions, one with the bitcoin hedge fund GABI and another with derivatives exchange TeraExchange, being undertaken with regulated counterparties."
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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October 20, 2014, 09:17:25 AM |
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With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.
Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop. Remember that inflation used to be much higher Yep, it was much higher but the the coins were being mined by "hobbyists" who didn't sell them. Right now the majority of coins are being mined in china where they have very little incentive of keeping them. "As a response to the decline in the bitcoin price during the quarter, the company decided to reduce the number of bitcoins sold from its mining operations. It plans to sell its mined cryptocurrecy when the market value tilts in its favour." http://www.zdnet.com/bitcoin-hoard-no-remedy-for-negative-cashflow-7000034841/Wow thanks for this link There is some very interesting information in there from the September quarter report of DigitalCCLimited, parent company of the digitalX Direct platform used by GABI for OTC purchases : http://www.asx.com.au/asxpdf/20141020/pdf/42t0mqrygyzd74.pdfInteresting report. We can infer that GABI just recently bought OTC. Their liquidity desk looked interesting.
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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October 20, 2014, 09:33:16 AM |
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Was huobi wall pulled??
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Davyd05
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October 20, 2014, 09:38:24 AM |
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Was huobi wall pulled??
I believe this is so, from my earlier witnessing of near when it disappeared , looks like a set of stairs now.
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 20, 2014, 10:00:47 AM |
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FNG
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October 20, 2014, 10:30:11 AM |
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3 recent hard dumps, 3 recoveries.
They going to try again or let it run this time
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Wandererfromthenorth
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October 20, 2014, 10:37:42 AM |
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It's the YEAR 2024...Shopping channels have changed a bit since you were a kid hahaha amazing
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dbranch
Newbie
Offline
Activity: 2
Merit: 0
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October 20, 2014, 10:54:19 AM |
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3 recent hard dumps, 3 recoveries.
They going to try again or let it run this time
Looks like someone has been taking out stop losses to buy coins. I would say they will keep doing it, until it stops being profitable.
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 20, 2014, 11:00:48 AM |
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