there is always money moving

[raskul]

don't be put off by the current price of bitcoin.
it goes up, because there is money moving, and there always will be.



Happy New Year.

[Possum577]

This doesn't prove that money is coming in, only that money is moving from one wallet to another.

I like your hopes though, let's all hope that more money comes to BTC.

[NUFCrichard]

I think you are trying to say that volume is high, and historically that is true, not at all time highs, but definitely higher than in the past.
When Bitcoin is really adopted by a percentage of the general public, we will see far far higher volume though!

[bitcoinmining]

Is there something special for 66.96 or 66.97 BTC? Most of these transactions goes around 66.96 BTC, why?

[Unbelive]

This doesn't prove that money is coming in, only that money is moving from one wallet to another.

I like your hopes though, let's all hope that more money comes to BTC.

It does nto matter if it come in or not important is that is moving and blockchain is useful.

Is there something special for 66.96 or 66.97 BTC? Most of these transactions goes around 66.96 BTC, why?

They were made by same person.

[thresher]

Is there something special for 66.96 or 66.97 BTC? Most of these transactions goes around 66.96 BTC, why?

So someone shifting around  20k for some undisclosed reason 

[guybrushthreepwood]

don't be put off by the current price of bitcoin.
it goes up, because there is money moving, and there always will be.

You're stating the obvious about the money moving as that is exactly what bitcoin is, but money merely moving doesn't make the bitcoin price go up as we can clearly see. The demand has to far outstrip the supply which obviously isn't happening at the moment, but give it time and we'll see some gains.

[Silverspoon]

This doesn't prove that money is coming in, only that money is moving from one wallet to another.

I like your hopes though, let's all hope that more money comes to BTC.

It does nto matter if it come in or not important is that is moving and blockchain is useful.

Is there something special for 66.96 or 66.97 BTC? Most of these transactions goes around 66.96 BTC, why?

They were made by same person.

>blockchain useful
>pic with same coins shuffling back and forth

I guess...

[Coinshot]

The main problem is that the merchants are accepting Bitcoins but selling them off instantly. This creates high volume but no help in price. They should get some incentives to hold Bitcoin.

[countryfree]

Some money's moving but it's only normal, the real worry is that the supply may be growing too fast. 4,000 BTC are added each day, that's a lot!

[General_A]

The main problem is that the merchants are accepting Bitcoins but selling them off instantly. This creates high volume but no help in price. They should get some incentives to hold Bitcoin.

I think a lower price but higher movement of coins would be ideal for bitcoin.

[Svenson78]

Money will be always moving. It's what money does


Money making forum
click here for business management solutions

[GGGGG]

Some money's moving but it's only normal, the real worry is that the supply may be growing too fast. 4,000 BTC are added each day, that's a lot!

Yes, that is the problem. And the supply is ALWAYS growing, even at times when there's no real demand.

[innocent93]

Yeah,it's weird that the on-chain transaction have grown up a lot in 2014 while the development of the Bitcoin is just on the start.

[Amph]

Some money's moving but it's only normal, the real worry is that the supply may be growing too fast. 4,000 BTC are added each day, that's a lot!

Yes, that is the problem. And the supply is ALWAYS growing, even at times when there's no real demand.

the problem is also that the same buyers are not buying more, but the same miners are always dumping more

[General_A]

Some money's moving but it's only normal, the real worry is that the supply may be growing too fast. 4,000 BTC are added each day, that's a lot!

Yes, that is the problem. And the supply is ALWAYS growing, even at times when there's no real demand.

the problem is also that the same buyers are not buying more, but the same miners are always dumping more

With merchants also always selling straight out. Its a viscous circle. If people want the price to rise they need investment money pouring in.   

[Meuh6879]

  i'm happy that 66 BTC pay tax for each ... moving fund.
not like in real world (0 tax for wall-flux).

[grendel25]

Some money's moving but it's only normal, the real worry is that the supply may be growing too fast. 4,000 BTC are added each day, that's a lot!

Yes, that is the problem. And the supply is ALWAYS growing, even at times when there's no real demand.

the problem is also that the same buyers are not buying more, but the same miners are always dumping more

With merchants also always selling straight out. Its a viscous circle. If people want the price to rise they need investment money pouring in.   

I think I recall hearing that some companies like Overstock.com were actually keeping and not selling at least some of the bitcoin they got from sales.  I think the biggest detriment to btc value is the inherent fear and uncertainty caused by the crooks who do various crimes rather it be Mt Gox or just hacking a weak password.  There are failures on multiple levels and the responsibility is on the shoulders of users, website managers, business owners, bitcoin devs, etc.  But really, if bitcoin were really secure from inception then we wouldn't have any of these problems.  Maybe some other currency that is user friendly and secure will supplant bitcoin.  It's really not that far fetched even though bitcoin has it's followers it also has pretty severe flaws.

[countryfree]

Some money's moving but it's only normal, the real worry is that the supply may be growing too fast. 4,000 BTC are added each day, that's a lot!

Yes, that is the problem. And the supply is ALWAYS growing, even at times when there's no real demand.

But if the price reaches around 250, then that won't be a big problem, as the miners would not be profitable, and some of them will chose to shutdown their operation, until bitcoin price comes back up.

I believe they'll keep on mining. Electricity bills aren't so high. If BTC's price drops to $100, that'll be a real problem, but $250 is fine.

[raskul]

Some money's moving but it's only normal, the real worry is that the supply may be growing too fast. 4,000 BTC are added each day, that's a lot!

Yes, that is the problem. And the supply is ALWAYS growing, even at times when there's no real demand.

But if the price reaches around 250, then that won't be a big problem, as the miners would not be profitable, and some of them will chose to shutdown their operation, until bitcoin price comes back up.

I believe they'll keep on mining. Electricity bills aren't so high. If BTC's price drops to $100, that'll be a real problem, but $250 is fine.

i won't stop mining, price may well get very very low but the way i see it... there is more potential adopters out there and all it would take is a big pile of money to take that price up again... all the talk about the mtgox false high isn't a concern for me as long as the potential is still there, which it is.