Max Keiser lowering his interim target from $1700 to $1400 because of JPM 'patent trolling' is a concern, low and behold price 'crashing' again
Good. Weak hands need to get the fuck out. They're the same guys who come here with 27 posts and write uneducated nonsense because they understand 0.000001% of what Bitcoin is all about.
Or they hang out in the Speculation forum and start babbling nonsense about charts and dead cats bouncing, and other super cool day trading terms.
They're in it to make money and cash out. Couldn't care less what they're actually contending with.
Let them run in fear, and in 6 months find out their emotional instability ruined them.
Self reflection is probably not your talent.
99% here are in for the profit, the rest for the drugs.
And a lot of these are in for gambling ...
The whole system only works, because a friction of all bitcoins is traded -> shortage of supply due to hoarders/holders.
The price increase is not corellated to transactions, hashpower, ... it's purely driven by greed.
Just check out blockchain.info
Most bears here are weak hands and they post only nonsense about to the moon and charts and...
Because you understand so much:
Can you explain me exactly how a transfer from Double SHA-256 to SH-512 should work? How will this affect the Hashpower? All Equipment will be useless.
In 15-20 years, SHA-256 is not safe anymore.
When will the transaction fees be lowered? Actually bitcoin is useless for micro-payments. How should I transfer 1 satoshi, when the transaction fee is 10'000x higher.
Note that a typical transaction is 500 bytes, so the typical transaction fee for low-priority transactions is 0.1 mBTC (0.0001 BTC), regardless of the number of bitcoins sent.
1 BTC = 100,000,000 Satoshis
0.00010 BTC fee = 10'000 Satoshis
Any transaction below 1'000'000 Satoshis is useless, because the transaction fees exceed more then 1%.