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arvindr
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October 24, 2014, 08:13:28 AM |
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in my noob opinion, all this whale surely be big miner selling cheap coin because their miner already roi and they can sell at any price above electricity and still profit. why they sell cheap, so that new miner are discouraged and keep them in power literally. this is a race to the fair price, which is their price for bitcoin. as new miner are discouraged they assume that difficulty will soon be lower further increase their profit.
true, and by the end of the year new or small years might also face the increasing difficulty problem, which might further decrease the number of small miners in the mining competition. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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porcupine87
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October 24, 2014, 08:43:20 AM |
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odd. We broke that wall at around $350 and now we heading back up?
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macsga
Legendary
 Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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October 24, 2014, 08:44:43 AM |
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in my noob opinion, all this whale surely be big miner selling cheap coin because their miner already roi and they can sell at any price above electricity and still profit. why they sell cheap, so that new miner are discouraged and keep them in power literally. this is a race to the fair price, which is their price for bitcoin. as new miner are discouraged they assume that difficulty will soon be lower further increase their profit.
true, and by the end of the year new or small years might also face the increasing difficulty problem, which might further decrease the number of small miners in the mining competition. This is accurate. Another possibility is that the strongest remain last. Don't forget though, that when the halving occurs, the mining profits (at these prices) will be a "no go" towards any small or bigger farm. Interesting to see what happens by then though. |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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October 24, 2014, 08:47:31 AM |
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odd. We broke that wall at around $350 and now we heading back up?
it's hard to tell dn sᴉ ʎɐʍ ɥɔᴉɥʍ ?!?!? |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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October 24, 2014, 08:54:57 AM |
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Please keep us posted. We're hoping for another Russian Bitcoin ban. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 24, 2014, 09:00:41 AM |
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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October 24, 2014, 09:09:25 AM |
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there will be blood today.
order book is looking anemic on stamp.
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 24, 2014, 09:24:05 AM |
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in my noob opinion, all this whale surely be big miner selling cheap coin because their miner already roi and they can sell at any price above electricity and still profit. why they sell cheap, so that new miner are discouraged and keep them in power literally. this is a race to the fair price, which is their price for bitcoin. as new miner are discouraged they assume that difficulty will soon be lower further increase their profit.
true, and by the end of the year new or small years might also face the increasing difficulty problem, which might further decrease the number of small miners in the mining competition. This is accurate. Another possibility is that the strongest remain last. Don't forget though, that when the halving occurs, the mining profits (at these prices) will be a "no go" towards any small or bigger farm. Interesting to see what happens by then though. +1, or if adoption increases/acceptable regulation/more good news . this will trigger miner to hoard instead of dumping and buyer and speculator all buying. then price will shoot to da moon. its good to be a permabull isnt |
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JorgeStolfi
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October 24, 2014, 09:24:32 AM |
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All the charts on blockchain show very steady growth, transactional volume is up 300% since this time last year. Number of transactions is all time high, as is daily wallets used
Price too is still 3x last year, but that is still the effect of the November bubble. We cannot tell whether other markets (responsible for previous bubbles) have been growing in the meantime. Moreover, the blockchain USD traffic since January does not show growth where expected, so a large component of the traffic is probably not payments but merely hot/cold swapping, tumbling, deposits/withdrawals, etc.. As for wallets, it would be necesary to know how many hold significant funds. |
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ShroomsKit
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October 24, 2014, 09:31:24 AM |
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Cheap coins on sale now. Mr Bearwhale has made a generous donation.  Give it up. Nobody falls for the "cheap coins" thing anymore. |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 24, 2014, 09:37:48 AM |
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Cheap coins on sale now. Mr Bearwhale has made a generous donation. Give it up. Nobody falls for the "cheap coins" thing anymore. shroomskit, one thing i want you to know... you are not my hero. thankyou |
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octaft
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October 24, 2014, 09:59:19 AM |
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Please state your understanding of what is going on, then.
You're always making bold assertions. "I assume this" "I suspect this" I don't know, but I don't make shit up all the time like you do.
I do not know where to get reliable data on bitcoin usage.
Exactly, so shut the fuck up Aren't you a trader? Can't you make money whether the price is $10 or $1000? Why be mad at the guy? At least he's not like "DEFI GOING DOWN OMG DOOOOOM AND FUKKIN GLOOOOOM C U @ 5 FGTS!" That is much more trollish than what this dude is doing. For that matter, at least he admits he could be wrong and is making assumptions. How many people do you see speaking in absolute, certain terms about where the price is going, in either direction? Even though it is impossible to be "certain" about future events. Even that is more trollish to me than a guy giving what he perceives to be an honest analysis and doing so in a relatively polite manner. Just take it for what it is: just another dudes analysis. Nobody can force you to agree with it, but you can certainly give yourself an aneurysm getting mad over so little. Some call him a troll, but honestly I don't think a troll would ever bother to put that much work into trolling. Look at a guy like Lambchop: he's putting in hardly any effort at all, and he STILL pisses some people off. Why would a guy work so hard at it when all you have to do is mimic lambchop and be successful at trolling? |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 24, 2014, 10:00:42 AM |
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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October 24, 2014, 10:02:20 AM |
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we are starting our climb to 500 !
just waiting someone to tell how china is bullish.
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MrPiggles
Sr. Member
Offline
Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
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October 24, 2014, 10:15:34 AM |
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Aren't you a trader? Can't you make money whether the price is $10 or $1000? Why be mad at the guy? At least he's not like "DEFI GOING DOWN OMG DOOOOOM AND FUKKIN GLOOOOOM C U @ 5 FGTS!" That is much more trollish than what this dude is doing.
Nope I do not trade. I would have thought that was apparent when my last question was asking people what shorting is. Never ever have I said I trade bitcoin. |
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octaft
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October 24, 2014, 10:31:04 AM |
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Aren't you a trader? Can't you make money whether the price is $10 or $1000? Why be mad at the guy? At least he's not like "DEFI GOING DOWN OMG DOOOOOM AND FUKKIN GLOOOOOM C U @ 5 FGTS!" That is much more trollish than what this dude is doing.
Nope I do not trade. I would have thought that was apparent when my last question was asking people what shorting is. Never ever have I said I trade bitcoin. Hmm I didn't see you ask that, my bad. |
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Faustian
Newbie
Offline
Activity: 2
Merit: 0
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October 24, 2014, 10:36:27 AM |
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lyth0s
Legendary
Offline
Activity: 1260
Merit: 1000
World Class Cryptonaire
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October 24, 2014, 10:38:42 AM |
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Cheap coins on sale now. Mr Bearwhale has made a generous donation. Give it up. Nobody falls for the "cheap coins" thing anymore. Look at all the positive things going on in bitcoin. 2 years from now everyone will be calling today's coins cheap, even the perma-bears. The network is growing much faster than bitcoin price, but it'll catch up once consumers have more of a reason to use it (as all of these projects develop). Especially with remittances and projects similar to btcjam and openbazzar come out. Right now most people are selling, but when consumerism increases hopefully you won't miss the boat. |
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