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Author Topic: There are ~1,500,000 more bitcoins now than there were last year  (Read 1434 times)
keystroke
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November 09, 2014, 09:57:15 AM
 #1

Yet the price per coin is about the same.

So market cap is up ~15%. [Source : http://www.coindesk.com/data/bitcoin-market-capitalization/]

Looks fair to me.

Sentiment might take awhile to change, but change it will. We're working on building an economy here. Wink

Of course everyone wants to speculate on price because that determines the worth of our individual coins. But even if coin price is the same we now own part of a much larger and more powerful economy.

"The difference between a castle and a prison is only a question of who holds the keys."
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November 09, 2014, 12:15:03 PM
 #2

But even if coin price is the same we now own part of a much larger and more powerful economy.

Which, even if it does fail for some yet unknown reason, will anyway forever remain as a significant part of human history, as the first baby steps of decentralized society.

i am satoshi
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November 09, 2014, 02:46:47 PM
 #3

But i hope we have more than 1.500.000 new users for bitcoin world in this year.
That will make bitcoin price still in good rate

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November 09, 2014, 05:44:55 PM
 #4

They existed all the time, but last year, they had not been found yet.


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November 09, 2014, 07:30:17 PM
 #5

But i hope we have more than 1.500.000 new users for bitcoin world in this year.
That will make bitcoin price still in good rate

That's a lot of new users in this forum as well. Can the server deal with such an influx of new people and posts??
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November 09, 2014, 08:32:39 PM
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But i hope we have more than 1.500.000 new users for bitcoin world in this year.
That will make bitcoin price still in good rate

That's a lot of new users in this forum as well. Can the server deal with such an influx of new people and posts??

It should be fine as there are the constant users and the intermittent ones
Plus the bitcointalk slush fund is significant as we are preparing for the new forum software
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November 09, 2014, 09:19:15 PM
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we are going to rocket to the moon guys, i heard a group of college kids talking about bitcoin at the office today. I'm very bullish
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November 09, 2014, 10:00:57 PM
 #8

The bears and PoS people would say that all 1.5 million were sold off on the exchanges right after being mined.

They also talk about how low the volume is.

So that would mean that a majority of the coins sold were from miners while most everyone else is buying and spending/holding.

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Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
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November 10, 2014, 03:11:48 AM
 #9

The bears and PoS people would say that all 1.5 million were sold off on the exchanges right after being mined.

They also talk about how low the volume is.

So that would mean that a majority of the coins sold were from miners while most everyone else is buying and spending/holding.
I would say that a very good percentage of the bitcoin that has been mined over the last year were sold on the exchanges as the miners generally need to pay for their electric costs, this is the nature of PoW (and also why PoW will always work).
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