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galdur
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December 31, 2014, 11:45:04 AM |
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It´s a pity that bitcoin economics aren´t applied to oil.
I´d love to see them expand operations until a barrel
fetches five bucks.
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ChartBuddy
Legendary
 Offline
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 31, 2014, 12:00:18 PM |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 31, 2014, 12:15:15 PM |
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Estimated Next Difficulty: 43,716,692,155 (+7.57%) $250 by March.  I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'...  |
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ejinte
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December 31, 2014, 12:19:21 PM |
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It´s a pity that bitcoin economics aren´t applied to oil.
I´d love to see them expand operations until a barrel
fetches five bucks.
I think this is what mastercoin and counterparty is trying to do |
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galdur
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December 31, 2014, 12:20:11 PM |
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Estimated Next Difficulty: 43,716,692,155 (+7.57%) $250 by March. I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... What previous rally ? This thing is down 50 per cent over the last six months. |
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galdur
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December 31, 2014, 12:23:42 PM |
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Clearly what we have here is a question of which supply
dries up first, that of retarded buyers of the product or
that of retarded bankers financing production.
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madmat
Legendary
Offline
Activity: 966
Merit: 1001
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December 31, 2014, 12:27:43 PM |
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Estimated Next Difficulty: 43,716,692,155 (+7.57%) $250 by March. I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... What previous rally ? This thing is down 50 per cent over the last six months. You are clearly shortsighted. |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 31, 2014, 12:28:38 PM |
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Estimated Next Difficulty: 43,716,692,155 (+7.57%) $250 by March. I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... What previous rally ? This thing is down 50 per cent over the last six months. I'm sorry, I didn't notice you were not here last year. Date Registered: 2014-07-25, 13:14:49 |
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galdur
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December 31, 2014, 12:32:48 PM |
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Estimated Next Difficulty: 43,716,692,155 (+7.57%) $250 by March. I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... What previous rally ? This thing is down 50 per cent over the last six months. You are clearly shortsighted. Yeah, it´s always going to the moon in the future. It´s always the same songs. |
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galdur
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December 31, 2014, 12:35:32 PM |
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Estimated Next Difficulty: 43,716,692,155 (+7.57%) $250 by March. I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... What previous rally ? This thing is down 50 per cent over the last six months. I'm sorry, I didn't notice you were not here last year. Date Registered: 2014-07-25, 13:14:49 Last year ? Come on, LOL. Difficulty has gone up like 3000% since then. |
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Wandererfromthenorth
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December 31, 2014, 12:50:29 PM |
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Still a few days until the big triangle closes and we get the next big move either up or down.
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Wary
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December 31, 2014, 12:53:46 PM |
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Bitstamp is down for me For me too. |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 31, 2014, 12:55:01 PM |
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Estimated Next Difficulty: 43,716,692,155 (+7.57%) $250 by March. I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... What previous rally ? This thing is down 50 per cent over the last six months. I'm sorry, I didn't notice you were not here last year. Date Registered: 2014-07-25, 13:14:49 Last year ? Come on, LOL. Difficulty has gone up like 3000% since then. Oh, LOL, yes you're so right. How did I miss that? |
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gkv9
Legendary
Offline
Activity: 1232
Merit: 1000
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December 31, 2014, 12:55:48 PM |
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Last year ? Come on, LOL. Difficulty has gone up like 3000% since then.
Did you mean that difficulty either raises or dumps the price of BTC? Can you please explain how it affects the same? |
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ChartBuddy
Legendary
Offline
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 31, 2014, 01:00:19 PM |
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galdur
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December 31, 2014, 01:01:13 PM |
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Last year ? Come on, LOL. Difficulty has gone up like 3000% since then.
Did you mean that difficulty either raises or dumps the price of BTC? Can you please explain how it affects the same? I guess you haven´t noticed how the more the price of what is being produced (BTC) tanks the more resources are being put into producing it ? |
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gkv9
Legendary
Offline
Activity: 1232
Merit: 1000
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December 31, 2014, 01:04:00 PM |
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I guess you haven´t noticed how the more the price of what is being produced (BTC)
tanks the more resources are being put into producing it ?
Have been watching and considering whatever it takes to make or ruin price of BTC... And yes, you may be right on what's being used more and more to produce more coins, but the productivity of it and supply & demand factor are 2 completely different scenarios... And that's what I asked you to please explain me that how difficulty affects its price? |
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galdur
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December 31, 2014, 01:06:11 PM |
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I guess you haven´t noticed how the more the price of what is being produced (BTC)
tanks the more resources are being put into producing it ?
Have been watching and considering whatever it takes to make or ruin price of BTC... And yes, you may be right on what's being used more and more to produce more coins, but the productivity of it and supply & demand factor are 2 completely different scenarios... And that's what I asked you to please explain me that how difficulty affects its price? So you´re not aware of the correlation between increased resources (hash rate) and difficulty ? |
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galdur
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December 31, 2014, 01:07:52 PM |
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This is called inverse correlation  |
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gkv9
Legendary
Offline
Activity: 1232
Merit: 1000
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December 31, 2014, 01:10:30 PM |
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This is called inverse correlation
And what about the factors that I represented? Supply and Demand? Maybe your analysis is true, but everything here is speculated and works on trust and buy/sell of these coins, if I'm not wrong on my side...  EDIT: Did you mean that the sudden decline from last year is due to the increase in the usage of highly parameter-ed mining equipments that people are using today? I believe that during those days too, people were mining and hashrates were high then too... |
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