wpalczynski
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Activity: 1456
Merit: 1000
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July 26, 2016, 04:59:16 PM |
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$420 would be below mining costs with the halving wouldnt it? I cant see that happening. This is in progress. 420-500 is the target imo. The bearish picture remains the same with target 450 through a bear flag and enormous support at 420. Daily bands coiling, bold move expected soon. I even don't beleive ))  |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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gentlemand
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Activity: 2590
Merit: 3008
Welt Am Draht
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July 26, 2016, 05:01:50 PM |
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Why would traders care about what a miner pays to keep running? That's not their problem. They'll do what they feel like doing and sod everyone else.
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StarenseN
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Activity: 2478
Merit: 1362
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July 26, 2016, 05:04:27 PM |
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Why would traders care about what a miner pays to keep running? That's not their problem. They'll do what they feel like doing and sod everyone else.
If it was easy as flipping 5 bucks of electricity to bitcoin, we would all have done it and selling it fast. So that's why it matters, like gold, you need to dig shittons of rock to find an ounce. |
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gentlemand
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Activity: 2590
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Welt Am Draht
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July 26, 2016, 05:07:14 PM |
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Indeed but traders have zero to do with miners and traders steer the price. If there's profit to be made they're not going to think 'hang on, I must think of the miners' and back down.
They're going to slaughter the price if the opportunity is there to make some money. And they don't do it, another trader will.
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wpalczynski
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Activity: 1456
Merit: 1000
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July 26, 2016, 05:08:52 PM |
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Indeed but traders have zero to do with miners and traders steer the price. If there's profit to be made they're not going to think 'hang on, I must think of the miners' and back down.
They're going to slaughter the price if the opportunity is there to make some money. And they don't do it, another trader will.
Miners would not be selling below their mining costs. Supply would be reduced. |
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sandiman
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July 26, 2016, 05:37:27 PM |
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Indeed but traders have zero to do with miners and traders steer the price. If there's profit to be made they're not going to think 'hang on, I must think of the miners' and back down.
They're going to slaughter the price if the opportunity is there to make some money. And they don't do it, another trader will.
Miners would not be selling below their mining costs. Supply would be reduced. That's good for longer term price as it would create a shortage, but has no consequence on the lower term trend. Anyway that's just speculating, you have got no idea of what miner will do, there is a loat of gold miner who are not profitable but re-invest income (if there is any) in their mine to potentially be profitable one day. |
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StarenseN
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July 26, 2016, 05:41:03 PM |
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Indeed but traders have zero to do with miners and traders steer the price. If there's profit to be made they're not going to think 'hang on, I must think of the miners' and back down.
They're going to slaughter the price if the opportunity is there to make some money. And they don't do it, another trader will.
Miners would not be selling below their mining costs. Supply would be reduced. It's called _fundamentals_ |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 26, 2016, 05:42:57 PM |
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420-500 is the target imo.
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Bimmerhead
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Activity: 1291
Merit: 1000
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July 26, 2016, 06:39:40 PM |
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Miners would not be selling below their mining costs. Supply would be reduced.
The would not sell, or they would not mine? |
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masterluc (OP)
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Activity: 938
Merit: 1013
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July 27, 2016, 12:00:21 AM
Last edit: July 27, 2016, 12:18:22 AM by masterluc |
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[conspiracy mode] Looks like "They" want some hardfork in Bitcoin by doing it in ETH. https://mobile.twitter.com/brian_armstrong/status/755853907654356993ETH price goes down hard while it has majority of power. And ETC price doing versa up, while ETC fork has 10% of power. Miners support ETH while speculants - ETC. ETH schizophrenia is in progress. I think "They" want to make some expirement with Bitcoin. They were almost succeed with it with Mike Hearn. But community kicked them out. Who are "Them"? I think its a some group of big ppl wanted to watch what happens with Bitcoin nightmare - hardfork. Of course those Armstrongs and Hearns are just puppets. This explains why ETH got so much sociaty and media attention last months. It's a trojan horse preparing Bitcoin for hardfork. They took control of ETH, made an enourmous PR, fuck it up and now what? - "Look! It's safe!". Why else coinbase suddenly starts to support just forked ETH chain? I think someone needs to kidnap Armstrong & Hearn, put a gun into their mouth and ask "Who do you work for"?. |
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marcus_of_augustus
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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July 27, 2016, 12:26:59 AM |
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I think someone needs to kidnap Armstrong & Hearn, put a gun into their mouth and ask "Who do you work for"?. You'd probably couldn't squeeze the gun past the fat govvy dick that's already in there ... |
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masterluc (OP)
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Activity: 938
Merit: 1013
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July 27, 2016, 12:29:21 AM |
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Wind_FURY
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Activity: 2898
Merit: 1814
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July 27, 2016, 01:06:00 AM |
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[conspiracy mode] Looks like "They" want some hardfork in Bitcoin by doing it in ETH. https://mobile.twitter.com/brian_armstrong/status/755853907654356993ETH price goes down hard while it has majority of power. And ETC price doing versa up, while ETC fork has 10% of power. Miners support ETH while speculants - ETC. ETH schizophrenia is in progress. I think "They" want to make some expirement with Bitcoin. They were almost succeed with it with Mike Hearn. But community kicked them out. Who are "Them"? I think its a some group of big ppl wanted to watch what happens with Bitcoin nightmare - hardfork. Of course those Armstrongs and Hearns are just puppets. This explains why ETH got so much sociaty and media attention last months. It's a trojan horse preparing Bitcoin for hardfork. They took control of ETH, made an enourmous PR, fuck it up and now what? - "Look! It's safe!". Why else coinbase suddenly starts to support just forked ETH chain? I think someone needs to kidnap Armstrong & Hearn, put a gun into their mouth and ask "Who do you work for"?. Armstrong said "Success! Ethereum's hard work seems to have gone well. Could still be bugs so far so good." I laugh at that. In using the ETH/ETC analogy look at what's happening? There are some who still believe that ETC is the real Ethereum. They cannot and would not risk doing the same thing with bitcoins. |
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Kramerc
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July 27, 2016, 06:58:00 AM |
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The immutable proof-of-work chain is the real Ethereum, doesn't really matter that it's called "Classic". ETH price goes down hard while it has majority of power. And ETC price doing versa up, while ETC fork has 10% of power. Miners support ETH while speculants - ETC. ETH schizophrenia is in progress. I think "They" want to make some expirement with Bitcoin. They were almost succeed with it with Mike Hearn. But community kicked them out.
I'm not sure miners will support ETHF. Miners support what is more profitable, and if ETC rises, miners will switch for higher profit margins. Sure, some miners had selfish interests in mining ETHF as they were invested in the DAO shit storm, but everyone else will just follow profitability. I agree regarding speculators: for instance I haven't owned a single ETH, but I was and am willing to support ETC with my liquidity, just because immutability and crypto are indistinguishable. Those who attempt to sever this "holy" tie should be (financially) punished by the crypto community in order to set a perfect example of what happens to those who try. |
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sandiman
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July 27, 2016, 07:01:49 AM |
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feels like the big short we were waiting for will happen today  |
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hdbuck
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Activity: 1260
Merit: 1002
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July 27, 2016, 07:04:23 AM
Last edit: July 27, 2016, 05:01:52 PM by hdbuck |
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I think someone needs to kidnap Armstrong & Hearn, put a gun into their mouth and ask "Who do you work for"?. You'd probably couldn't squeeze the gun past the fat govvy dick that's already in there ... rofl +1  whatever the bullshit them mother forkers come up with next for messing with bitcoin, it's just noise. fact is it'd be even more concerning if they would not try harder. |
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infofront
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Activity: 2632
Merit: 2780
Shitcoin Minimalist
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July 27, 2016, 04:06:05 PM |
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I'm ready for $420.  |
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RoadTrain
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Activity: 1386
Merit: 1009
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July 27, 2016, 07:42:57 PM |
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Haha, Armstrong has failed spectacularly. I've been watching the ETH/ETC drama, and it's far from being a success case. I'd rather call it a clusterfuck It even hardened my stance on those bitcoin phorkers. Go phork yourselves. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 28, 2016, 01:35:40 AM |
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Haha, Armstrong has failed spectacularly. I've been watching the ETH/ETC drama, and it's far from being a success case. I'd rather call it a clusterfuck It even hardened my stance on those bitcoin phorkers. Go phork yourselves. whats gone wrong? has ETH price crashed? were the na-sayer forced into somthing they didnt want? where is this clusterfuck? its all a matter of perception i guess. |
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ImI
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Activity: 1946
Merit: 1019
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July 28, 2016, 02:06:01 AM |
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Haha, Armstrong has failed spectacularly. I've been watching the ETH/ETC drama, and it's far from being a success case. I'd rather call it a clusterfuck It even hardened my stance on those bitcoin phorkers. Go phork yourselves. whats gone wrong? has ETH price crashed? were the na-sayer forced into somthing they didnt want? where is this clusterfuck? its all a matter of perception i guess. its funny because combined marketcap of ETH and ETC is even higher then pre-HF |
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