adamstgBit (OP)
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April 20, 2012, 12:41:05 AM |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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R-
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Activity: 238
Merit: 100
Pasta
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April 20, 2012, 12:48:38 AM |
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What comes after "blowoff"?
RALLY!!!!!!!!!!?
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FreeMoney
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Strength in numbers
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April 20, 2012, 12:50:34 AM |
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It's gunna bubble so so hard, probably a lot slower than last time, but eventually it will get ahead of itself again.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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FreeMoney
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Strength in numbers
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April 20, 2012, 01:06:51 AM |
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I've got a bit dime for the first person to correctly label our position on that chart. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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bb113
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April 20, 2012, 01:15:46 AM |
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Return to the mean
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notme
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April 20, 2012, 01:17:48 AM |
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The end of bear trap.
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RyNinDaCleM
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Legen -wait for it- dary
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April 20, 2012, 01:56:06 AM |
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Return to the mean
The end of bear trap.
I think you guys are both right!  |
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R-
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Pasta
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April 20, 2012, 03:02:25 AM |
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May someone remind me what the Bitcoinica liquidation was?
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RyNinDaCleM
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Legen -wait for it- dary
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April 20, 2012, 04:33:29 AM |
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May someone remind me what the Bitcoinica liquidation was?
Well, there was the first one when we hit the low of $1.99 or so back in the middle of November. Then there was the one where user "meelba" posted his ridiculously large 10:1 short for the whole forum to see, and hit the $3.87 low after the $7.22 high. It caused massive liquidations on the way down. He was then force liquidated back, and lost everything. He stood to make a hefty chunk of Bitchange, but effed himself on that. That's pretty funny!  |
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hazek
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April 20, 2012, 01:02:52 PM |
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Bubbles, I'd argue, are a natural occurrence when the market tries to recalibrate at what price a new supply and demand equilibrium is and Bitcoin is no exception. But I doubt the next bubble will get as big percentage vise as the first since now people are a lot more cautious and prudent having already learnt a valuable and painful lesson.
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My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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adamstgBit (OP)
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April 20, 2012, 06:47:03 PM |
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Bubbles, I'd argue, are a natural occurrence when the market tries to recalibrate at what price a new supply and demand equilibrium is and Bitcoin is no exception. But I doubt the next bubble will get as big percentage vise as the first since now people are a lot more cautious and prudent having already learnt a valuable and painful lesson.
i see a bright future at one point bitcoin will become a standard (maybe as a MMORPG Currency, or something else), most speculators wont believe their luck at 12$ and cash out, shortly their after we'll see 13$, it will start to become obvious that bitcoin price is no longer speculative. speculators will continue to bet against the market... then Bang its hits the news "Bitcoin makes Africans rich". non believers will see the light. Every single online merchant will want to accept bitcoin, and because bitcoin is on the rise, they will offer discounts in bitcoin, suddenly the little people want to "try" buying stuff in bitcoin after all it cheaper, you buy your bitcoin and next week you have 10% more money... and merchants are giving 20-50% discounts when buying in bitcoin. at this point bitcoin is worth 1000$ each. bitcoin #2 is announced .... the new and improve block chain will mint it first block in 3 months... 3 months later all fiat money is abolished, private banks pay u 1% a year and all your funds are at all times assessable and 100% guaranteed against fraud, and all that jazz. economics are slightly changed. no one cares about early adopters because everyone is just a little better off because Bankers no longer control the world! hahaha i have a dream! The Bitcoin Dream  |
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wachtwoord
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April 20, 2012, 06:57:19 PM |
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The end of bear trap.
This |
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FreeMoney
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Activity: 1246
Merit: 1014
Strength in numbers
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April 20, 2012, 07:16:37 PM |
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The end of bear trap.
Ding Ding Ding. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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hazek
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April 20, 2012, 07:45:22 PM |
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hahaha i have a dream! The Bitcoin Dream That's one sweet and awesome dream I want to dream every single night! |
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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enmaku
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April 20, 2012, 08:03:07 PM |
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Don't be lazy, at least use actual data...  7 day SMA. It's a little tough to see the takeoff/selloff/beartrap regions, they sort of got flattened by the $31 peak  |
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wachtwoord
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April 20, 2012, 08:08:45 PM |
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Nah the first sell off is following the $31 peak. We haven't advanced further yet we are still in awareness phase.
Bitcoin has bubbles ahead which will make the $31 bubble look like a small ripple in a pond.
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waspoza
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April 20, 2012, 08:23:07 PM |
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Nah the first sell off is following the $31 peak. We haven't advanced further yet we are still in awareness phase.
Bitcoin has bubbles ahead which will make the $31 bubble look like a small ripple in a pond.
+1 |
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notme
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April 20, 2012, 09:20:11 PM |
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The end of bear trap.
Ding Ding Ding. Thanks for the bitdime! |
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