Analysis - page 112. | Bitcointalksearch.org

StarenseN

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Quote from: wpalczynski on July 26, 2016, 12:08:52 PM

Quote from: gentlemand on July 26, 2016, 12:07:14 PM

Indeed but traders have zero to do with miners and traders steer the price. If there's profit to be made they're not going to think 'hang on, I must think of the miners' and back down.

They're going to slaughter the price if the opportunity is there to make some money. And they don't do it, another trader will.

Miners would not be selling below their mining costs. Supply would be reduced.

It's called _fundamentals_

sandiman

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Activity: 560

Merit: 501

Quote from: wpalczynski on July 26, 2016, 12:08:52 PM

Quote from: gentlemand on July 26, 2016, 12:07:14 PM

Indeed but traders have zero to do with miners and traders steer the price. If there's profit to be made they're not going to think 'hang on, I must think of the miners' and back down.

They're going to slaughter the price if the opportunity is there to make some money. And they don't do it, another trader will.

Miners would not be selling below their mining costs. Supply would be reduced.

That's good for longer term price as it would create a shortage, but has no consequence on the lower term trend. Anyway that's just speculating, you have got no idea of what miner will do, there is a loat of gold miner who are not profitable but re-invest income (if there is any) in their mine to potentially be profitable one day.

wpalczynski

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Activity: 1456

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Quote from: gentlemand on July 26, 2016, 12:07:14 PM

Indeed but traders have zero to do with miners and traders steer the price. If there's profit to be made they're not going to think 'hang on, I must think of the miners' and back down.

They're going to slaughter the price if the opportunity is there to make some money. And they don't do it, another trader will.

Miners would not be selling below their mining costs. Supply would be reduced.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Indeed but traders have zero to do with miners and traders steer the price. If there's profit to be made they're not going to think 'hang on, I must think of the miners' and back down.

They're going to slaughter the price if the opportunity is there to make some money. And they don't do it, another trader will.

StarenseN

legendary

Activity: 2478

Merit: 1362

Quote from: gentlemand on July 26, 2016, 12:01:50 PM

Why would traders care about what a miner pays to keep running? That's not their problem. They'll do what they feel like doing and sod everyone else.

If it was easy as flipping 5 bucks of electricity to bitcoin, we would all have done it and selling it fast.

So that's why it matters, like gold, you need to dig shittons of rock to find an ounce.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Why would traders care about what a miner pays to keep running? That's not their problem. They'll do what they feel like doing and sod everyone else.

wpalczynski

legendary

Activity: 1456

Merit: 1000

$420 would be below mining costs with the halving wouldnt it? I cant see that happening.

Quote from: masterluc on July 26, 2016, 11:50:50 AM

This is in progress. 420-500 is the target imo.

Quote from: masterluc on July 09, 2016, 06:22:41 AM

The bearish picture remains the same with target 450 through a bear flag and enormous support at 420. Daily bands coiling, bold move expected soon.

I even don't beleive ))

jehst

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21 million. I want them all.

Looks bearish.

masterluc

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This is in progress. 420-500 is the target imo.

Quote from: masterluc on July 09, 2016, 06:22:41 AM

The bearish picture remains the same with target 450 through a bear flag and enormous support at 420. Daily bands coiling, bold move expected soon.

I even don't beleive ))

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

The last page of this thread reminds me of what Zerohedge looked like when discussing bitcoin a few years ago. Wink

illyiller

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Quote from: masterluc on July 21, 2016, 04:41:29 AM

Quote from: hdbuck on July 21, 2016, 02:13:00 AM

bailout coin ftw!

ROFL

I expect incoming news headlines like: "Those blockchain coins claim irreversibility and free of censorship and now what?".

ETH did shot not only in their leg, but in Bitcoin leg too.

I've been afraid this might be the case. Really quite pathetic, how the fork was pushed also. Clients set to fork by default, enforcing fork based on a minority miner vote (20%), and a split vote at that. One of the pools even ignored the majority of its miners and followed the fork.

I agree that it reflects badly on cryptocurrency overall. Do you think this will have any major effect on bitcoin's charts? Would it change your mid term analysis?

Fatman3001

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Make Bitcoin glow with ENIAC

All this shows is that Ethereum is no Bitcoin killer. It's a different animal. It has different metrics.

birr

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Quote from: MingLee on July 21, 2016, 11:00:17 AM

favoring the demographics most interested in cryptocurrencies, being coders and various other IT professions.

A fad for geeks does not an investmemt make.
Could you come up with something stronger to recommemd it?

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: masterluc on July 21, 2016, 10:00:00 AM

Try to explain that to journalists

If i would care what journalists think i would have gotten rid of all my BTC a dozen times. Public opinion is no indicator of what is right or wrong.

If such a bailout means the end of crypto then crypto was doomed from the beginning all along cause its possible with ANY cryptocurrency given a community that decides to do so and if you wait long enough it happens to every other crypto.

MingLee

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Quote from: AB de Royse777 on July 21, 2016, 10:55:56 AM

Quote from: Rampion on July 21, 2016, 05:39:06 AM

Quote from: masterluc on July 21, 2016, 04:41:29 AM

Quote from: hdbuck on July 21, 2016, 02:13:00 AM

bailout coin ftw!

ETH did shot not only in their leg, but in Bitcoin leg too.

Yes and no. It's true that regulators *might* try to force BTC devs to hard fork pointing out the ETH precedent. But still they won't succeed because it's very clear for the BTC ecosystem what are BTC's promises:

fungibility
censorship resistance
permissionless innovation
decentralization
no third-party can touch your money if you keep control of your private keys

The BTC hard fork pushed by the regulators wouldn't be adopted because these promises are clear for the vast majority of the ecosystem - especially now that those who don't understand these promises already failed with the Bitcoin Classic shitcoin and their stupid big blocks crusade.

Ethereum its always been a mess. Devs in general and Vitalik specifically keep saying ether its not money, it is just "a token to pay for computing cycles" - which is absurd because a token used to pay for something is money. Furthermore, they obviously use it as money because the ethereum foundation funds their operations with it and everybody is speculation with it. The "its not money" thing is just a way to a) try to confuse regulators (which will NOT be confused) and b) be able to change the supply whenever Vitalik wants - in this way he is able to decide when he should "print" more ethereum, when he should stop, etc... Because its not money, you know?

I own thousands of ethers, but still I'm glad they are fucking up - I saw this coming from day one.

Totally agree.ETH and Bitcoin is impossible to compare!

There are some characteristics that you can compare the two cryptos with, but overall Bitcoin exists as the first crypto and holds a lot of it's value due to that and the implications from it being the first, while Ethereum tries to make itself stand out via smart contracts and favoring the demographics most interested in cryptocurrencies, being coders and various other IT professions.

AB de Royse777

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Rampion on July 21, 2016, 05:39:06 AM

Quote from: masterluc on July 21, 2016, 04:41:29 AM

Quote from: hdbuck on July 21, 2016, 02:13:00 AM

bailout coin ftw!

ETH did shot not only in their leg, but in Bitcoin leg too.

Yes and no. It's true that regulators *might* try to force BTC devs to hard fork pointing out the ETH precedent. But still they won't succeed because it's very clear for the BTC ecosystem what are BTC's promises:

fungibility
censorship resistance
permissionless innovation
decentralization
no third-party can touch your money if you keep control of your private keys

The BTC hard fork pushed by the regulators wouldn't be adopted because these promises are clear for the vast majority of the ecosystem - especially now that those who don't understand these promises already failed with the Bitcoin Classic shitcoin and their stupid big blocks crusade.

Ethereum its always been a mess. Devs in general and Vitalik specifically keep saying ether its not money, it is just "a token to pay for computing cycles" - which is absurd because a token used to pay for something is money. Furthermore, they obviously use it as money because the ethereum foundation funds their operations with it and everybody is speculation with it. The "its not money" thing is just a way to a) try to confuse regulators (which will NOT be confused) and b) be able to change the supply whenever Vitalik wants - in this way he is able to decide when he should "print" more ethereum, when he should stop, etc... Because its not money, you know?

I own thousands of ethers, but still I'm glad they are fucking up - I saw this coming from day one.

Totally agree.ETH and Bitcoin is impossible to compare!

silverfuture

legendary

Activity: 947

Merit: 1008

central banking = outdated protocol

Quote from: masterluc on July 21, 2016, 10:00:00 AM

Try to explain that to journalists

Explanations can be lengthy. Ain't nobody got time for dat!

masterluc

legendary

Activity: 938

Merit: 1013

Try to explain that to journalists

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: masterluc on July 20, 2016, 08:55:28 PM

With the Ethereum hardfork we welcome the first official censorship applied to the 2nd biggest blockchain :facepalm:

In open-source there is no such thing as "official".

Rampion

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Quote from: keystroke on July 21, 2016, 05:42:35 AM

Quote from: Rampion on July 21, 2016, 05:32:01 AM

Genesis block, Bitcoin: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

Block 1920000, Ethereum: Financial Times 20/Jul/2016 Ethereum bailout complete.

Grin

So when does ETH go to $0?

I don't believe it will go to $0 (but I sold most of mine bought during the crowdsale way before the DAO, during the ramp up from 0.016 to 0.032 - I did a nice 3529% profit in BTC :DD).

Anyhow I'm keeping all my remaining ETHC for the long run, and probably I will sell all my ETH during the next rally. I strongly believe that in the long term (but not short or even mid term) Etherclassic will be much more valuable than ETH - fundamentals are just stronger, even if in general it's not clear what problem is Ethereum trying to solve.

Topic: Analysis - page 112. (Read 941579 times)