Bitcoin to the moon? | Bitcointalksearch.org

Pecunia non olet

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Quote from: Lexi Price on January 29, 2015, 01:16:39 AM

Q1 - so have we found the bottom yet or is that still up in the air?

Q2 - might be a dumb question but please keep in mind I'm not a trader* so I don't quite understand most of this, but is there anything bitcoin users or "the community" per se can do to prevent or insulate the market from "pump and dumps"? It makes me think the market will always be at the mercy of traders so this can go on indefinitely keeping things volatile.

Q3 - is there somewhere I can go to learn how to understand all these charts like at bitcointicker.co/bitcoin tracker? I have this one bookmarked and check it daily just to see what the price is but the chart itself I have no clue.

Thanks!

A1: bottom is calculated with costs of the network vs new money coming in. You calculate price of btc times bitcoins found by mining to get the cost. Once these costs are smaller or equal to the new money coming in (substracted the money going out) we will have found a bottom. I think bottom will be double digits based on my calculations.

A2: nothing can be done about Pump and dumps other than you don't buy into it and sell into it instead. (counterintuitive trading, makes money too)
Volatility is only in parts caused by the traders but in large parts also by the miners. So Bitcoin is inherently volatile due to the high inflationrate.

tss

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Quote from: dakota neat on January 28, 2015, 02:19:55 PM

Quote from: tss on January 28, 2015, 02:16:09 PM

haha no. regardless of how much good news we get. the cost to mine btc regulates the price they sell for. at the moment hardware manufacturers are at an advantage and thus have a say in what btc price is. and believe me they are making a killing. if i can profit on mining currently then they can profit selling at even half of todays price.

Yeah, sure. That's the reason why the difficulty is going down.

mining equipment manufacturers are not turning anything off. actually their pool hashrates are growing. the retail buyers are the ones shutting down as they barely make anything to make it worth their time and efforts.

kwukduck

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A1 - Who knows, the economy right now is very speculative.

A2 - Any moves in the market from whales can create massive swings either up or down. The only thing that can prevent this is if the ratio speculators/users changes in the favor of actual users in great numbers. The moves by the whales will be absorbed by a market much more easily if it's a big one.

A3 - There are many guides online on how to read these charts and indicators. It's important to realize these are either purely mechanical, statistical or psychological. Whatever indicators you use, it is still speculation and there is a risk it will go in the other way you expected it to go based on your analysis. (Don't speculate with money you can't afford to lose)

If you just like bitcoin for it's function as a currency, use it as such, get bitcoin when you plan to use it relatively quickly, and don't hold onto it as speculative asset.

Lexi Price

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Q1 - so have we found the bottom yet or is that still up in the air?

Q2 - might be a dumb question but please keep in mind I'm not a trader* so I don't quite understand most of this, but is there anything bitcoin users or "the community" per se can do to prevent or insulate the market from "pump and dumps"? It makes me think the market will always be at the mercy of traders so this can go on indefinitely keeping things volatile.

Q3 - is there somewhere I can go to learn how to understand all these charts like at bitcointicker.co/bitcoin tracker? I have this one bookmarked and check it daily just to see what the price is but the chart itself I have no clue.

Thanks!

rosh

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The effect of coinbase already seems to have worn off. Grin

dakota neat

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Quote from: tss on January 28, 2015, 02:16:09 PM

haha no. regardless of how much good news we get. the cost to mine btc regulates the price they sell for. at the moment hardware manufacturers are at an advantage and thus have a say in what btc price is. and believe me they are making a killing. if i can profit on mining currently then they can profit selling at even half of todays price.

Yeah, sure. That's the reason why the difficulty is going down.

kwukduck

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coinbase is going to drag us to 1k per 10btc yes...

tss

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haha no. regardless of how much good news we get. the cost to mine btc regulates the price they sell for. at the moment hardware manufacturers are at an advantage and thus have a say in what btc price is. and believe me they are making a killing. if i can profit on mining currently then they can profit selling at even half of todays price.

MadGhost

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Why are we always want BTC to the moon ? Slow and stable growth is better and sustainable rather than few days pump and crash.

Aemon

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Well, I meant 0 in the rounding way. If its .005 cents. I consider that 0 dollars. After a year of consistently going down I don't know if we will see it go back up again. I am truly hoping I am wrong I just am not 100% sure of what will happen.

NotLambchop

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Quote from: ensurance982 on January 28, 2015, 12:07:04 PM

... makes me quite calm what the threat of this happening is concerned.

To be clear: Bitcoin is unlikely to ever reach zero. As long as there's one guy with a netbook running a couple of nodes, it'll have *some* value.
I've also been hearing much prognostication re. price: $10k by last Christmas was pretty common, one (certified & institutionalized, recently released) lunatic even promised $300k.
Sadly, those numbers were reached as often as $0 Undecided

Madness

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Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

No it won't and nothing will for the moment . Bitcoin will eventually go to the moon but not anytime soon if you ask me .
It will inscrease the price slowly slowly till it reach the next Halving block reward then it will riiiiiiiise like hell Grin

Less supply + demand = more value

ensurance982

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Trust me!

Quote from: Aemon on January 28, 2015, 12:01:52 PM

Quote from: ensurance982 on January 28, 2015, 11:59:45 AM

Quote from: NotLambchop on January 28, 2015, 11:55:53 AM

Quote from: ensurance982 on January 28, 2015, 11:50:44 AM

I think we'll go up this time...

-But Bullwinkle, that trick NEVER works! Angry

-This time, FOR SURE!

It's nothing but a game of recognizing the real bottom, really. It could be any of the large dips, actually. And I am putting my money (figuratively and literally) on this dip being the one. Sure, I may be wrong and advise everyone to make their own decisions, but you can't win if you don't take a risk.

What if the real bottom is 0? That is where it looks like it is heading more and more each day.

Well, in that case sell all your coins and go on with your life. The mere fact that people have been saying this a couple of times over the last 5 years - and were wrong each and every time - makes me quite calm what the threat of this happening is concerned.

NotLambchop

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Quote from: ensurance982 on January 28, 2015, 11:59:45 AM

...you can't win if you don't take a risk.

Isn't that from a Lotto ad?

Aemon

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Quote from: ensurance982 on January 28, 2015, 11:59:45 AM

Quote from: NotLambchop on January 28, 2015, 11:55:53 AM

Quote from: ensurance982 on January 28, 2015, 11:50:44 AM

I think we'll go up this time...

-But Bullwinkle, that trick NEVER works! Angry

-This time, FOR SURE!

It's nothing but a game of recognizing the real bottom, really. It could be any of the large dips, actually. And I am putting my money (figuratively and literally) on this dip being the one. Sure, I may be wrong and advise everyone to make their own decisions, but you can't win if you don't take a risk.

What if the real bottom is 0? That is where it looks like it is heading more and more each day.

ensurance982

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Trust me!

Quote from: NotLambchop on January 28, 2015, 11:55:53 AM

Quote from: ensurance982 on January 28, 2015, 11:50:44 AM

I think we'll go up this time...

-But Bullwinkle, that trick NEVER works! Angry

-This time, FOR SURE!

It's nothing but a game of recognizing the real bottom, really. It could be any of the large dips, actually. And I am putting my money (figuratively and literally) on this dip being the one. Sure, I may be wrong and advise everyone to make their own decisions, but you can't win if you don't take a risk.

NotLambchop

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Quote from: ensurance982 on January 28, 2015, 11:50:44 AM

I think we'll go up this time...

-But Bullwinkle, that trick NEVER works! Angry

-This time, FOR SURE!

ensurance982

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Trust me!

I think we'll go up this time. We could dip a bit lower, but the dumps over the last day experienced some counter-pressure, as well. Bears try their best to short now, but it seems their best isn't enough anymore

sethminer14

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I remain bullish as well. It will get back up sooner or later. I'm not completely sure about 1k but If it does, that's fine with me.

HarmonLi

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Honest 80s business!

Quote from: ajareselde on January 28, 2015, 10:36:36 AM

Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

no, it wont.
furthermore , it wont go to 1k this year judging by market movements.
sit back and wait, it will happen sooner or later.

Yeah It's much too early to tell when we will enter the next big bull market. I still think it really could be this time! But it's not a given. It may take a few months or could even only happen later this year. I remain bullish, though

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

no, it wont.
furthermore , it wont go to 1k this year judging by market movements.
sit back and wait, it will happen sooner or later.

HarmonLi

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Honest 80s business!

I really wonder what people will claim to be the reason for the price increase - other than increased demand - as soon as we've hit a new ATH! Bitcoin doesn't need Willy bots in order to be a successful commodity!

AtheistAKASaneBrain

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Quote from: Malin Keshar on January 28, 2015, 07:16:46 AM

no.

They negotiated Willy bot, but Karpeles wanted too much for it so they only made a moon countdown to grab some small profit

If Karpeles sat inside the rocket, the rocket would have malfunctioned trying to lift off.

jaredboice

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^and of course, I consider this an understatement Wink

jaredboice

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Quote from: tutkarz on January 28, 2015, 04:27:17 AM

I'm not a fan of "to da moons" and even less of "bitcoin is dead" but just a friendly reminder. It requires 12mil people out of 7bil (like 0.2% of whole population) to buy 1 bitcoin each to run out of bitcoins, or 1.2mil people to buy 10 btc each. And I know people who are buying in bulks, like me. The rest you can imagine yourself.

^This...is exactly why the "death by inflation" arguments are only supported by talking monkeys.

B.A.S.

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Quote from: sgk on January 27, 2015, 11:11:32 PM

Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

California Regulator says: Coinbase Exchange 'Not Regulated or Licensed'

http://www.coindesk.com/california-regulator-coinbase-exchange-regulated-licensed/

What I'm wondering is if Coinbase used the world 'support' to be "availability of trading platform" in those States and not to say it was regulated/licensed.

Malin Keshar

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no.

They negotiated Willy bot, but Karpeles wanted too much for it so they only made a moon countdown to grab some small profit

jaberwock

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Quote from: ed_teech on January 28, 2015, 06:17:11 AM

Stable prices are way better than wild fluctuations, IMHO

bitcoin prices never are stable for long. Sooner or later we will see wild fluctuations. It is rare price being stable for more than 10 days.

ed_teech

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Jahaha

Stable prices are way better than wild fluctuations, IMHO

jaberwock

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Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

no.

It was just a joke that was not funny considering they wanted to open the first regulated exchange(serious stuff)

tutkarz

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I'm not a fan of "to da moons" and even less of "bitcoin is dead" but just a friendly reminder. It requires 12mil people out of 7bil (like 0.2% of whole population) to buy 1 bitcoin each to run out of bitcoins, or 1.2mil people to buy 10 btc each. And I know people who are buying in bulks, like me. The rest you can imagine yourself.

Mobius

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I see it dropping further before it goes to $500.

BTCjust

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only $300 that you say it "to the moon"?
even $500 in the past it cant take off, no matter now

Corenin

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i hope bitcoin will rise slowly with stable growth, no another pump and dump
bitcoin need stability to get more merchant adopation
people want a currency not a risky investment that move 20% or 30% a day

sgk

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!! HODL !!

Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

California Regulator says: Coinbase Exchange 'Not Regulated or Licensed'

http://www.coindesk.com/california-regulator-coinbase-exchange-regulated-licensed/

waaat?

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Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

lol-thread

b!z

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we already went to the moon
now we're going back to earth

Chef Ramsay

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Quote from: Lexi Price on January 26, 2015, 07:58:44 PM

Quote from: rosh on January 26, 2015, 07:48:20 PM

Quote from: haploid23 on January 26, 2015, 04:02:32 AM

Every time prices goes up a tad, there's always moon talk.

Then price just plummets again.

This has been proven conclusively in this case as well.
Price back to $265 from $300+.

I know!

I once bought a package of bad fireworks. I was waiting on the mega explosion in the sky raining multi color sparkles and instead it went pfffffttttttttttt poof.

I admire Coinbase's nod to the bull sentiment but just seeing it being unable to sustain over $300 was a bummer. On the other hand I would like to see it drop a little more even to the $100 range because I really want to buy cheapER coin than mid 200s!

ETA ... Is it just me or does bitcoin take a nose dive whenever there's good news? Grin

It'll be some months before this initial news starts paying dividend in the price in the future. This is the start of a PR recovery that bitcoin needs in the eyes of average people that would be interested at some point. I'm not linking coinbase as the overseer of bitcoin but just as a sound way of grabbing and holding for the average person to feel secure in doing so. The ETFs are for the big boys to get in the action as they typically always have others manage their wealth for them rather than sitting by a computer and faithfully staying up on things. Time is money and the farther up the chain you go, the less prevalent that commodity is. It'll take time for all the news to bolster the price where most of us expect it to eventually go. Stay the course, folks. Btw, this wasn't a nod to any bull sentiment but merely a pump base upon the news. Most traders likely expected 275 to be the retrace point but those who stuck it out longer were able to nab slightly more profits. It's events like these that deviate from trader expectations and makes it wise to hold what you got for some sell out too early and then lose their profit pivot point when things change.

tyrexs

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no, but i hope bitcoin to the moon. have u see price dumb again now mid $200

Lexi Price

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Live Free Or Die

Quote from: rosh on January 26, 2015, 07:48:20 PM

Quote from: haploid23 on January 26, 2015, 04:02:32 AM

Every time prices goes up a tad, there's always moon talk.

Then price just plummets again.

This has been proven conclusively in this case as well.
Price back to $265 from $300+.

I know!

I once bought a package of bad fireworks. I was waiting on the mega explosion in the sky raining multi color sparkles and instead it went pfffffttttttttttt poof.

I admire Coinbase's nod to the bull sentiment but just seeing it being unable to sustain over $300 was a bummer. On the other hand I would like to see it drop a little more even to the $100 range because I really want to buy cheapER coin than mid 200s!

ETA ... Is it just me or does bitcoin take a nose dive whenever there's good news? Grin

rosh

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Quote from: haploid23 on January 26, 2015, 04:02:32 AM

Every time prices goes up a tad, there's always moon talk.

Then price just plummets again.

This has been proven conclusively in this case as well.
Price back to $265 from $300+.

Pecunia non olet

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Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

BULLSHIT! Noobs can't math ...

Quote from: Pecunia non olet on January 26, 2015, 11:11:31 AM

Be aware of downward pressure - every transaction costs now 8$ and that's a low

https://blockchain.info/de/charts/cost-per-transaction

https://bitcointalksearch.org/topic/does-bitcoin-have-aids-918068

Multiply 3600 coins (generated in 24h) with marketprice and you get the daily costs of this nonsense. I think Bitcoin is pretty much a fail and will have make way for more efficient solutions. It's just burning money away for the investor and nothing else.

People don't like to hear it, i know.

At a price of 1000$ the network would burn 3.6 Million USD every day just for mining, that's 1.314 BILLION in a year - so think again. The answer is: in case it reaches 1000$ that will only be for minutes or hours but i doubt we will see even 400$ anytime soon.

your moronic talk about 1000$ is extremely moronic

UserVVIP

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Missed the BTC price $ 1,000
hoping it will happen again soon

rememberme

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or...... buy on rumour sell on news?

BitCoinNutJob

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get ready for the mining difficulty to go to the moon, $320 was the figure given as needed to switch back on miners iirc, we are about to shoot past $320

gustav

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bitcoin to the moon, yes. It will be on the moon for 15 minutes and then down, down, down all year long again

(Lithium)

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Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

only if they bought Willy Bot from Gox.

But even if they did, still might take more than 1 month

Room101

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Rules not Rulers

average $10 rise every day for the next 200 days.

Confirmed.

BitCoinNutJob

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Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

Coinbase now provide a safe way to get into bitcoin for newbie whales i think it could go several k from here.

Appleanimal

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Quote from: sgk on January 26, 2015, 04:52:25 AM

Quote from: myohmy81 on January 26, 2015, 04:07:29 AM

https://www.coinbase.com/lunar

What's the countdown on the bottom of the page? The time remaining for BTC to reach moon?

If yes, I'm game! Cheesy

Precipitation earth with asteroid
left 3 hours

sgk

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!! HODL !!

Quote from: myohmy81 on January 26, 2015, 04:07:29 AM

https://www.coinbase.com/lunar

What's the countdown on the bottom of the page? The time remaining for BTC to reach moon?

If yes, I'm game! Cheesy

Oscilson

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I only hope price rises slowly sustainably.

rememberme

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Lol, im not trying anything, i just see SendChat has a larger chance in world wide adoption thanks to many features Gemz lacks in. Such as being able to trade your BTC into 30 different Fiat currencies.

nextgencoin

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Quote from: rememberme on January 26, 2015, 04:22:52 AM

The first exchange backed by federal reserve guys... new money coming in even if people dont like to buy, the increase in volume will moon it, just like SendChat will moon BTC in March

Nice try on Sendchat, the IPO that has only recieved like 15 BTC. Gems is the better bet if you think messenging will be big.

rememberme

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The first exchange backed by federal reserve guys... new money coming in even if people dont like to buy, the increase in volume will moon it, just like SendChat will moon BTC in March

start the art

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Quote from: myohmy81 on January 26, 2015, 04:07:29 AM

https://www.coinbase.com/lunar

i dont know what this is,but it looks good.
nice pumping marketing and good idea indeed.

myohmy81

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https://www.coinbase.com/lunar

haploid23

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Every time prices goes up a tad, there's always moon talk.

Then price just plummets again.

rememberme

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Its short term bullish market, i think we are going to Soar in 5 hours with coinbase.com/lunar

ikydesu

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Quote from: rememberme link=topic=936385.msg10263646#msg1026364"6 date=1422261642

is coinbase going to make us reach 1k this week?

Impossible Cheesy

If its happen, will be big dump ever in bitcoin history Cheesy

Look now, ppl see a price rise little and they will sell directly!

orryde

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Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

I think it will not happen
but if that happens then I will be happy Cheesy

Rude Boy

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Quote from: rememberme on January 26, 2015, 03:40:42 AM

is coinbase going to make us reach 1k this week?

It seems BTC rate going to raise Cool

more than ever happened Wink

rememberme

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is coinbase going to make us reach 1k this week?

Topic: Bitcoin to the moon? (Read 4337 times)