Bitcoin Forum
July 22, 2019, 05:15:22 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 4 5 6 »  All
  Print  
Author Topic: Everything except the price trend is going fantastic  (Read 9431 times)
saddampbuh
Legendary
*
Offline Offline

Activity: 1344
Merit: 1012



View Profile
November 27, 2014, 11:19:08 AM
 #21

everything except the thing that matters

Be radical, have principles, be absolute, be that which the bourgeoisie calls an extremist: give yourself without counting or calculating, don't accept what they call ‘the reality of life' and act in such a way that you won't be accepted by that kind of ‘life', never abandon the principle of struggle.
1563815722
Hero Member
*
Offline Offline

Posts: 1563815722

View Profile Personal Message (Offline)

Ignore
1563815722
Reply with quote  #2

1563815722
Report to moderator
1563815722
Hero Member
*
Offline Offline

Posts: 1563815722

View Profile Personal Message (Offline)

Ignore
1563815722
Reply with quote  #2

1563815722
Report to moderator
Visit and contribute to reddit.com/r/Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563815722
Hero Member
*
Offline Offline

Posts: 1563815722

View Profile Personal Message (Offline)

Ignore
1563815722
Reply with quote  #2

1563815722
Report to moderator
turvarya
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500


View Profile
November 27, 2014, 11:23:46 AM
 #22

everything except the thing that matters
Can people like you please just play at a casino or something similar and leave bitcoin alone?

https://forum.bitcoin.com/
New censorship-free forum by Roger Ver. Try it out.
oda.krell
Legendary
*
Offline Offline

Activity: 1470
Merit: 1007



View Profile
November 27, 2014, 12:11:48 PM
 #23

It's often discussed. The simple answer is, that the price is low due to price manipulation. Speculators can just make more money with high volatility and that is mostly what all the exchanges are about: Making money with speculation.

That is exactly the reason, why so many people don't look at the price anymore. If you look at other metrics you see, that the BTC-economy is growing.

Agreed on the premise that the crypto economy is doing fine, but disagreed on the conclusion that it must be due to manipulation (at least not in the sense of active, coordinated manipulation). People so easily forget that, each day, 3600 new coins are potentially entering the market (probably less, but don't fool yourself into thinking miners "hold" as much as they did two years ago), which at current valuation means up to 1.3M USD are needed per day are needed to sustain price. I'm simplifying, of course, it's probably not 1:1, but the point is: During its bootstrapping phase, Bitcoin is de facto highly inflationary, and the market must absorb this.

In addition, people seem to forget that we ran up to a major price peak last year, catapulting the hypothetical Bitcoin market cap to more than 10 billion. And that was after an almost uninterrupted upwards trend since late 2011. At some point, the market will cool down, like it or not.

None of that means Bitcoin is done. Far from it. But it never was a realistic option that we'd go straight to 100k USD, by some magical, market defying process of the entire world giving up fiat and turning their assets into crypto. The process will be a lot more choppy. Still a good investment, imo, and most likely price will go up again substantially, but not in one smooth go, and probably not quite as high as some in here used to think, or still think.

Not sure which Bitcoin wallet you should use? Get Electrum!
Electrum is an open-source lightweight client: fast, user friendly, and 100% secure.
Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
Hyena
Legendary
*
Offline Offline

Activity: 2044
Merit: 1002



View Profile WWW
November 27, 2014, 01:03:46 PM
 #24

Anyone wishing yet they invested in ripple? I have hated XRP since it was conceived but it seems to grow like cancer lately. Any ideas why it's in a bubble and will it pose any threat to bitcoin?

inca
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000


View Profile
November 27, 2014, 01:13:18 PM
 #25

I expect that the Bitcoin ETF will trigger the next rally phase.

I wouldn't expect any rally of significance any more.  People got burned by the MtGox bubble.  Tullips don't rally twice.  Moreover, there are now a lot of trading options.  Speculation and trading usually make large excursions harder to come by.  A fully speculated and traded market usually only has large excursions as a function of unexpected events.

I would expect the price now, on the longer term, to evolve more slowly as a function of the expectation of the future fundamentals of bitcoin.  Bitcoin came to some form of maturity after the MtGox bubble I would think.


Well worded bs. Look at the long term log price chart, the current user base, and current market cap. Bitcoin has far further to run from here. Newbies.
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
November 27, 2014, 01:22:45 PM
 #26

...Bitcoin has far further to run from here. Newbies.

Keep running, filthy Bitcoiners.  There's no place to hide!

lontivero
Full Member
***
Offline Offline

Activity: 163
Merit: 116

Amazing times are coming


View Profile
November 27, 2014, 01:37:34 PM
 #27

Thinking this very much too - and considering just how much positive the growth of fundamentals has seemed over the past year, I'm very much looking forward to the adjustment.
In the last half year, the use of Bitcoin hasn't changed much. See Estimated transaction volume in USD, which has been flat for six months now. There's been a lot of talk about growth in usage, but it's not happening.


If you want to know the usage, why do you see the volume in USD? That chart shows how many wealth in moving. The number of transactions should be a better meassure of dinamism. https://blockchain.info/es/charts/n-transactions
inca
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000


View Profile
November 27, 2014, 01:48:36 PM
 #28

Thinking this very much too - and considering just how much positive the growth of fundamentals has seemed over the past year, I'm very much looking forward to the adjustment.
In the last half year, the use of Bitcoin hasn't changed much. See Estimated transaction volume in USD, which has been flat for six months now. There's been a lot of talk about growth in usage, but it's not happening.


If you want to know the usage, why do you see the volume in USD? That chart shows how many wealth in moving. The number of transactions should be a better meassure of dinamism. https://blockchain.info/es/charts/n-transactions

Nagle was here in 2011 and missed out on being an early adopter by being constantly bearish on bitcoin. I would review his post history before taking his posts too seriously!
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
November 27, 2014, 01:56:33 PM
 #29

Thinking this very much too - and considering just how much positive the growth of fundamentals has seemed over the past year, I'm very much looking forward to the adjustment.
In the last half year, the use of Bitcoin hasn't changed much. See Estimated transaction volume in USD, which has been flat for six months now. There's been a lot of talk about growth in usage, but it's not happening.


If you want to know the usage, why do you see the volume in USD? That chart shows how many wealth in moving. The number of transactions should be a better meassure of dinamism. https://blockchain.info/es/charts/n-transactions

USD volume represents the value of the transactions.
The number of transactions means little--if you buy something from me for $100, I don't care if you hand me a $100 bill once, or hand me $10 bill ten times.
lontivero
Full Member
***
Offline Offline

Activity: 163
Merit: 116

Amazing times are coming


View Profile
November 27, 2014, 02:30:14 PM
 #30

Thinking this very much too - and considering just how much positive the growth of fundamentals has seemed over the past year, I'm very much looking forward to the adjustment.
In the last half year, the use of Bitcoin hasn't changed much. See Estimated transaction volume in USD, which has been flat for six months now. There's been a lot of talk about growth in usage, but it's not happening.


If you want to know the usage, why do you see the volume in USD? That chart shows how many wealth in moving. The number of transactions should be a better meassure of dinamism. https://blockchain.info/es/charts/n-transactions

USD volume represents the value of the transactions.
The number of transactions means little--if you buy something from me for $100, I don't care if you hand me a $100 bill once, or hand me $10 bill ten times.

That means that for a given day, a few hundred transactions for a couple of million USD each is better than a couple of millon transactions for a few tens USD. Sorry, I don't agree.
turvarya
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500


View Profile
November 27, 2014, 02:48:42 PM
 #31

Thinking this very much too - and considering just how much positive the growth of fundamentals has seemed over the past year, I'm very much looking forward to the adjustment.
In the last half year, the use of Bitcoin hasn't changed much. See Estimated transaction volume in USD, which has been flat for six months now. There's been a lot of talk about growth in usage, but it's not happening.


If you want to know the usage, why do you see the volume in USD? That chart shows how many wealth in moving. The number of transactions should be a better meassure of dinamism. https://blockchain.info/es/charts/n-transactions

USD volume represents the value of the transactions.
The number of transactions means little--if you buy something from me for $100, I don't care if you hand me a $100 bill once, or hand me $10 bill ten times.
Why would you make more than one transaction for a purchase? The values might come from different addresses, which resembles you metaphor of 10 10$ bills.

https://forum.bitcoin.com/
New censorship-free forum by Roger Ver. Try it out.
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
November 27, 2014, 03:03:03 PM
 #32

...
Why would you make more than one transaction for a purchase? The values might come from different addresses, which resembles you metaphor of 10 10$ bills.

Because I control more than one address?  Because tx fees are ridiculously small?  Because it costs nothing to create an addy?
Why wouldn't I, considering that folks like you equate # of transactions with influx of users?  Profit.
turvarya
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500


View Profile
November 27, 2014, 03:12:26 PM
 #33

...
Why would you make more than one transaction for a purchase? The values might come from different addresses, which resembles you metaphor of 10 10$ bills.

Because I control more than one address?  Because tx fees are ridiculously small?  Because it costs nothing to create an addy?
Why wouldn't I, considering that folks like you equate # of transactions with influx of users?  Profit.
If you want to make fake data, you can also just send the same amount forward and back between two addresses to increase USD volume. That doesn't make that metric better in any way.

https://forum.bitcoin.com/
New censorship-free forum by Roger Ver. Try it out.
inca
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000


View Profile
November 27, 2014, 03:14:53 PM
 #34

...
Why would you make more than one transaction for a purchase? The values might come from different addresses, which resembles you metaphor of 10 10$ bills.

Because I control more than one address?  Because tx fees are ridiculously small?  Because it costs nothing to create an addy?
Why wouldn't I, considering that folks like you equate # of transactions with influx of users?  Profit.
If you want to make fake data, you can also just send the same amount forward and back between two addresses to increase USD volume. That doesn't make that metric better in any way.

Don't expect a reply to that rebuttal Smiley
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
November 27, 2014, 03:21:16 PM
 #35

...
Why would you make more than one transaction for a purchase? The values might come from different addresses, which resembles you metaphor of 10 10$ bills.

Because I control more than one address?  Because tx fees are ridiculously small?  Because it costs nothing to create an addy?
Why wouldn't I, considering that folks like you equate # of transactions with influx of users?  Profit.
If you want to make fake data, you can also just send the same amount forward and back between two addresses to increase USD volume. That doesn't make that metric better in any way.

Sure.  Are you suggesting that the USD volume data could also be manipulated and likely is?
I'm with you on that one, brah Undecided

@inca:  Your prognosticatin' skillz in this thread are on par with your ability to read the market. 
turvarya
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500


View Profile
November 27, 2014, 03:42:03 PM
 #36

...
Why would you make more than one transaction for a purchase? The values might come from different addresses, which resembles you metaphor of 10 10$ bills.

Because I control more than one address?  Because tx fees are ridiculously small?  Because it costs nothing to create an addy?
Why wouldn't I, considering that folks like you equate # of transactions with influx of users?  Profit.
If you want to make fake data, you can also just send the same amount forward and back between two addresses to increase USD volume. That doesn't make that metric better in any way.

Sure.  Are you suggesting that the USD volume data could also be manipulated and likely is?
I'm with you on that one, brah Undecided

@inca:  Your prognosticatin' skillz in this thread are on par with your ability to read the market. 
I don't think, anybody does this in a large enough scale to really have a significant impact on the statistics.
People often tell me that all statistics/studies are fake, when a statistic/study doesn't fit their gut instinct, but sorry, the statistic/case study is still better than your gut instinct.
When all media, all statistic, all studies are fake, on what do you base your opinion/knowledge? Conspiracy theory sites on the internet?

https://forum.bitcoin.com/
New censorship-free forum by Roger Ver. Try it out.
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
November 27, 2014, 03:53:53 PM
 #37

...
Why would you make more than one transaction for a purchase? The values might come from different addresses, which resembles you metaphor of 10 10$ bills.

Because I control more than one address?  Because tx fees are ridiculously small?  Because it costs nothing to create an addy?
Why wouldn't I, considering that folks like you equate # of transactions with influx of users?  Profit.
If you want to make fake data, you can also just send the same amount forward and back between two addresses to increase USD volume. That doesn't make that metric better in any way.

Sure.  Are you suggesting that the USD volume data could also be manipulated and likely is?
I'm with you on that one, brah Undecided

@inca:  Your prognosticatin' skillz in this thread are on par with your ability to read the market. 
I don't think, anybody does this in a large enough scale to really have a significant impact on the statistics.
People often tell me that all statistics/studies are fake, when a statistic/study doesn't fit their gut instinct, but sorry, the statistic/case study is still better than your gut instinct.
When all media, all statistic, all studies are fake, on what do you base your opinion/knowledge? Conspiracy theory sites on the internet?


You asked me why I would do X, I have answered you.
Without thanking me, you went on to offer other means of manipulating data.  I have agreed with you.
Now you're suggesting I'm a conspiracy theorist Sad
I'm not saying the statistics are fake, only that they don't mean what you think they mean.
Nagle
Legendary
*
Offline Offline

Activity: 1204
Merit: 1000


View Profile WWW
November 28, 2014, 07:46:45 PM
 #38

What's happened is since the last rise a lot more trade volume has entered the market.



No, a lot more trade volume has not entered the market.
EuroTrash
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
November 28, 2014, 07:52:40 PM
 #39

What's happened is since the last rise a lot more trade volume has entered the market.



No, a lot more trade volume has not entered the market.

What I see is in that graph is a U-shaped long bottom in the making.
Go figure. Different people, different conclusions.

<=== INSERT SMART SIGNATURE HERE ===>
inca
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000


View Profile
November 28, 2014, 08:09:56 PM
 #40

Nagle,

Quite strange you chose those start and end dates. Are you expecting USD transaction volume to be higher at the end of a prolonged bear market than it was at the previous manic top? Ridiculous.

Why not view the all time log chart for a better picture of transaction volume (easy to do just click the options at the bottom).

It shows a clear steady up trend.
Pages: « 1 [2] 3 4 5 6 »  All
  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!