Bitcoin Forum
December 04, 2016, 06:17:29 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 [29] 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 ... 1189 »
  Print  
Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1649155 times)
humanitee
Hero Member
*****
Offline Offline

Activity: 714



View Profile
July 15, 2012, 10:38:28 PM
 #561

I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?
1480832249
Hero Member
*
Offline Offline

Posts: 1480832249

View Profile Personal Message (Offline)

Ignore
1480832249
Reply with quote  #2

1480832249
Report to moderator
1480832249
Hero Member
*
Offline Offline

Posts: 1480832249

View Profile Personal Message (Offline)

Ignore
1480832249
Reply with quote  #2

1480832249
Report to moderator
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480832249
Hero Member
*
Offline Offline

Posts: 1480832249

View Profile Personal Message (Offline)

Ignore
1480832249
Reply with quote  #2

1480832249
Report to moderator
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
July 15, 2012, 10:46:56 PM
 #562

I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?

Not really, the thing is BTCinstant is refusing to play on the market, hoping to sell the BTC they got from processing BFL orders off the exchange. People buying BTC to pre-order BFLs stuff is what brought us here. (There was something about if they sell they would bring down the price to the 6s again.)

A bunch of hypocrites, stay away from this, the people who ought to order BFLs already did and BFL will need USD at some point... just wait.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
humanitee
Hero Member
*****
Offline Offline

Activity: 714



View Profile
July 15, 2012, 10:49:58 PM
 #563

I'm assuming you meant BitPay and not BitInstant.
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
July 15, 2012, 10:51:04 PM
 #564

oh yes I confused the two thanks.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
smoothie
Legendary
*
Offline Offline

Activity: 1834


LEALANA Monero Physical Silver Coins


View Profile
July 15, 2012, 10:53:56 PM
 #565

wall at 7.7 is dying Grin

8k left... I think we're finally going to hit $8.

Yeah I saw someone bought like 5k bitcoins in one order...

I think there is a lot of money (fiat) in the exchanges that has not shown its face in the buy order book yet.


███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
Kupsi
Legendary
*
Offline Offline

Activity: 1190


9.9.2012: I predict that single digits... <- FAIL


View Profile
July 15, 2012, 10:59:14 PM
 #566

I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?

The use of bitcoin is increasing:


http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&timespan=all&show_header=true&daysAverageString=7&scale=0&address=
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
July 15, 2012, 11:01:19 PM
 #567

I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?

The use of bitcoin is increasing:


http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&timespan=all&show_header=true&daysAverageString=7&scale=0&address=

Seems topped out to me.

Anyway this was never a good indicator for various reasons.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
smoothie
Legendary
*
Offline Offline

Activity: 1834


LEALANA Monero Physical Silver Coins


View Profile
July 15, 2012, 11:22:09 PM
 #568

I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?

The use of bitcoin is increasing:


http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&timespan=all&show_header=true&daysAverageString=7&scale=0&address=

Seems topped out to me.

Anyway this was never a good indicator for various reasons.

Use technical analysis of the charts and you will find that the price of bitcoin isn't topping in the long term. It just made a new high and the formation of the price pattern show it will keep grinding slowly op...back and fill, back and fill...etc

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
July 15, 2012, 11:27:51 PM
 #569

Not really, the thing is BTCinstant is refusing to play on the market, hoping to sell the BTC they got from processing BFL orders off the exchange. People buying BTC to pre-order BFLs stuff is what brought us here. (There was something about if they sell they would bring down the price to the 6s again.)

The block reward will halve to 25 BTC in December. In my opinion, this is the main cause of the increase of the price.

Go ahead buy then...

(I could go on over extents how the price of all bitcoins ever to exist is already factored in in the price but you won't listen)

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
smoothie
Legendary
*
Offline Offline

Activity: 1834


LEALANA Monero Physical Silver Coins


View Profile
July 15, 2012, 11:34:33 PM
 #570

Not really, the thing is BTCinstant is refusing to play on the market, hoping to sell the BTC they got from processing BFL orders off the exchange. People buying BTC to pre-order BFLs stuff is what brought us here. (There was something about if they sell they would bring down the price to the 6s again.)

The block reward will halve to 25 BTC in December. In my opinion, this is the main cause of the increase of the price.

Go ahead buy then...

(I could go on over extents how the price of all bitcoins ever to exist is already factored in in the price but you won't listen)

So then the reward halving from 25 to 12.5btc is already factored in right? Because its prior knowledge to it occuring right?....that's what I thought...lol

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
July 15, 2012, 11:39:22 PM
 #571

yeah that's right because if there isn't sufficient money flow by then inside the BTC economy it wouldn't be worth it. In fact all block reward adjustments are already factored in.

That doesn't mean that the price can't increase... the thing is you wouldn't be buying BTC if there were a unlimited number of them wouldn't you. The block reward reduction is just the means to accomplish this. Of course there is less immediate inflation which could be argued that a price rises after the block reward reduction.... but saying prices rise currently because of said price rise as a speculative motor is just too far fetched.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
smoothie
Legendary
*
Offline Offline

Activity: 1834


LEALANA Monero Physical Silver Coins


View Profile
July 15, 2012, 11:41:49 PM
 #572

yeah that's right because if there isn't sufficient money flow by then inside the BTC economy it wouldn't be worth it. In fact all block reward adjustments are already factored in.

That doesn't mean that the price can't increase... the thing is you wouldn't be buying BTC if there were a unlimited number of them wouldn't you. The block reward reduction is just the means to accomplish this.

There is much too much cash in our current monetary system that even a fraction of that comes to bitcoin, the price will go up quite a bit. Hopefully not too fast

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
July 15, 2012, 11:42:47 PM
 #573

Why are responding with unrelated arguments smoothie?

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
smoothie
Legendary
*
Offline Offline

Activity: 1834


LEALANA Monero Physical Silver Coins


View Profile
July 15, 2012, 11:48:41 PM
 #574

yeah that's right because if there isn't sufficient money flow by then inside the BTC economy it wouldn't be worth it. In fact all block reward adjustments are already factored in.

That doesn't mean that the price can't increase... the thing is you wouldn't be buying BTC if there were a unlimited number of them wouldn't you. The block reward reduction is just the means to accomplish this.

There is much too much cash in our current monetary system that even a fraction of that comes to bitcoin, the price will go up quite a bit. Hopefully not too fast


How is my statement unrelated to your bolded statement above???

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
July 15, 2012, 11:56:55 PM
 #575

yeah that's right because if there isn't sufficient money flow by then inside the BTC economy it wouldn't be worth it. In fact all block reward adjustments are already factored in.

That doesn't mean that the price can't increase... the thing is you wouldn't be buying BTC if there were a unlimited number of them wouldn't you. The block reward reduction is just the means to accomplish this.

There is much too much cash in our current monetary system that even a fraction of that comes to bitcoin, the price will go up quite a bit. Hopefully not too fast


How is my statement unrelated to your bolded statement above???

Money flow in terms of BTC is unrelated to the exchange rate, it can be expressed in the total transaction fees.
They have to be able to compensate for the block reward reduction at some point.

This is what I was referring to.


Anyway to your argument, yes that's true but ultimately that can be said of gold, silver and any sort of collectibles too.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
smoothie
Legendary
*
Offline Offline

Activity: 1834


LEALANA Monero Physical Silver Coins


View Profile
July 16, 2012, 12:02:46 AM
 #576

yeah that's right because if there isn't sufficient money flow by then inside the BTC economy it wouldn't be worth it. In fact all block reward adjustments are already factored in.

That doesn't mean that the price can't increase... the thing is you wouldn't be buying BTC if there were a unlimited number of them wouldn't you. The block reward reduction is just the means to accomplish this.

There is much too much cash in our current monetary system that even a fraction of that comes to bitcoin, the price will go up quite a bit. Hopefully not too fast


How is my statement unrelated to your bolded statement above???

Money flow in terms of BTC is unrelated to the exchange rate, it can be expressed in the total transaction fees.
They have to be able to compensate for the block reward reduction at some point.

This is what I was referring to.


Anyway to your argument, yes that's true but ultimately that can be said of gold, silver and any sort of collectibles too.

Thats why I hold silver too =)

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
July 16, 2012, 06:46:53 AM
 #577

wall at 7.7 is dying Grin

8k left... I think we're finally going to hit $8.
I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?
wall at 7.7 is dying Grin

8k left... I think we're finally going to hit $8.

Yeah I saw someone bought like 5k bitcoins in one order...

I think there is a lot of money (fiat) in the exchanges that has not shown its face in the buy order book yet.




 Cheesy  everyone sell now! for the love of god man ! sell! PLEASE

smoothie
Legendary
*
Offline Offline

Activity: 1834


LEALANA Monero Physical Silver Coins


View Profile
July 16, 2012, 06:53:24 AM
 #578

wall at 7.7 is dying Grin

8k left... I think we're finally going to hit $8.
I'm not feeling $8.

A large part of me just doesn't accept that a Bitcoin is worth this much. Is there some important news I'm missing?
wall at 7.7 is dying Grin

8k left... I think we're finally going to hit $8.

Yeah I saw someone bought like 5k bitcoins in one order...

I think there is a lot of money (fiat) in the exchanges that has not shown its face in the buy order book yet.




 Cheesy  everyone sell now! for the love of god man ! sell! PLEASE

^ Another bullish sign, when people beg you to sell lol

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
Piper67
Legendary
*
Offline Offline

Activity: 1008



View Profile
July 16, 2012, 01:16:25 PM
 #579

yeah that's right because if there isn't sufficient money flow by then inside the BTC economy it wouldn't be worth it. In fact all block reward adjustments are already factored in.

That doesn't mean that the price can't increase... the thing is you wouldn't be buying BTC if there were a unlimited number of them wouldn't you. The block reward reduction is just the means to accomplish this. Of course there is less immediate inflation which could be argued that a price rises after the block reward reduction.... but saying prices rise currently because of said price rise as a speculative motor is just too far fetched.

This theory would only work if everyone already knew about bitcoin, and about the block reward halving. The way it works, though, is likely a lot more organic than that. As new people come in, they first find out about bitcoin, then about the block reward drop. That would push the price up.

I'm not saying this is the reason behind this particular rise. But the notion that all aspects of Bitcoin are already accounted for only works if everyone knows about them, and right now most people have no idea what a bitcoin is (though some may think it's the plot line of a Good Wife episode :-)
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
July 16, 2012, 01:19:22 PM
 #580

someone post a damn screenshot! haven't had one in ages Sad

(BFL)^2 < 0
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 [29] 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 ... 1189 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!