And nothing happens!
Topic: Brace yourselves... (Read 6019 times)
And nothing happens!
laughing bear block
http://blockchain.info/block/000000000000048b95347e83192f69cf0366076336c639f9b7228e9ba171342e?site=slush
Slush solved the first 25BTC block
Slush solved the first 25BTC block
yup there she is! slush's pool got it. i can finally goto sleep now!
Reward-Drop ETA: 2016-11-25 23:26:30 UTC (208 weeks, 2 days, 8 hours)
Reward-Drop ETA: 2016-11-25 23:26:30 UTC (208 weeks, 2 days, 8 hours)
[img.]http://some sort of fireworks type photo[/img]
longest 23 minutes of my life - I was desperate to pee.
longest 23 minutes of my life - I was desperate to pee.
Happy halving day everyone!
Feels like the odometer change. 209999!
5 blocks to go. 5
Its definitly time to brace ourselves
4!
5 blocks to go. 5
come on buddy, nov 29 or later 
it's back up (for now). it was happily getting 1000 hits a day but has just got over 6000 hits in the last hour... no idea why yet*.
i put in a quick fix and will try putting in some kind of backup plan before the reward drop...
*linked to in someone's FS on slashdot
28/11/12 16:00 EST
My finger is hovering over the sell button --
-- because of speculation in this thread, or just because it's that time of the month?
You decide
-- because of speculation in this thread, or just because it's that time of the month?
You decide
My finger is hovering over the hoard button --
-- next week's market is going to eat people alive and I don't want to be one of them.
are you sure? not another 9 days
http://bitcoinclock.com/
Yeah, pretty sure I posted that on a Monday or Tuesday.
In 9 days would be "next week".
sr. member
Activity: 350
Merit: 250
Trust me, these default swaps will limit the risks
2. ASICS (totally not a scam). If this happens, then we will see a huge amount of BTC will be sold for buy new hardware. 
(myself included)
Well that actually makes sense. (myself included)I must admit I am a bit disappointed by how much time and effort the community is putting into mining while we still don't have a BTC credit card and the many other things Bitcoin needs done.
If all these geeks had spent half the energy they have spent on mining on something productive, BTC would be worth twice as much by now or more.
I disagree. Mining is the critically important solid foundation on which to build a lot of what Bitcoin needs. The higher the network hashrate the more secure Bitcoin becomes, and security is critical.
Exactly. One keyword there "Foundation". Everything else will follow.
2. ASICS (totally not a scam). If this happens, then we will see a huge amount of BTC will be sold for buy new hardware. (myself included)
Well that actually makes sense. (myself included)I must admit I am a bit disappointed by how much time and effort the community is putting into mining while we still don't have a BTC credit card and the many other things Bitcoin needs done.
If all these geeks had spent half the energy they have spent on mining on something productive, BTC would be worth twice as much by now or more.
I disagree. Mining is the critically important solid foundation on which to build a lot of what Bitcoin needs. The higher the network hashrate the more secure Bitcoin becomes, and security is critical.
2. ASICS (totally not a scam). If this happens, then we will see a huge amount of BTC will be sold for buy new hardware. (myself included)
Well that actually makes sense. (myself included)I must admit I am a bit disappointed by how much time and effort the community is putting into mining while we still don't have a BTC credit card and the many other things Bitcoin needs done.
If all these geeks had spent half the energy they have spent on mining on something productive, BTC would be worth twice as much by now or more.
\....\
\....\
2. ASICS (totally not a scam). If this happens, then we will see a huge amount of BTC will be sold for buy new hardware. Quote from: BTCForumpeps
1. Halving.
2. ASICS (totally not a scam).
3.
4. Mega drop in prices.
s2. ASICS (totally not a scam).
3.
4. Mega drop in prices.
\....\
(myself included) buy and hold, don't try to day trade. GIANT SWINGS ahead
But the giant swings are where the day traders make money.
buy and hold, don't try to day trade. GIANT SWINGS ahead
But the giant swings are where the day traders make money. All this stability is horrible for day traders.
Yeah, well you should have gone to the
FTFY
Yeah, well you should have gone to the dentists last week then, Gandalf...
"Brace yourselves..."
... my arms are starting to cramp up..
... can i please let go now?
... my arms are starting to cramp up..
... can i please let go now?
buy and hold, don't try to day trade. GIANT SWINGS ahead
sounds like a stalemate to me.
I still think people will profit take for the holidays.....gifts, booze, trips, etc.
ya as the price goes up people will buy stuff for xmas and pay in btc. cool.
I still think people will profit take for the holidays.....gifts, booze, trips, etc.
Won't this make the price go up?
of course, and since obviously "everyone" expects that, a failed rocket launch followed by a mini crash could indeed be the result.
Or a mega crash?
Won't this make the price go up?
of course, and since obviously "everyone" expects that, a failed rocket launch followed by a mini crash could indeed be the result.
Most people say that the last big rally was about pricing in the reward halving, I have an alternative theory.
Around June 25, Butterfly Labs opened the pre-orders for ASICS:
http://www.prweb.com/releases/2012/bitcoin/prweb9637829.htm
April and May have been pretty stable, but in June miners increasingly hold back bitcoins for later investment and speculators anticipate on a rally due to the pre-orders, so the price starts rising in June.
Next, I believe that not all coins taken in by BitPay immediately re-enter the market, as Tony Gallippi claims to have traded against pirate a few weeks after. Of course, this could partly be with his own coins or whatever, but seeing the price go up and knowing the numbers, I think he has chosen to make an informed bet. Link:
https://bitcointalksearch.org/topic/i-have-made-a-25-return-this-week-trading-against-the-pirate-94708
After that, there was nothing holding back the price, so a parabolic blowoff has to occur. This is bitcoin after all.
I'm just throwing in my perspective since it has been fairly quiet here today.
Around June 25, Butterfly Labs opened the pre-orders for ASICS:
http://www.prweb.com/releases/2012/bitcoin/prweb9637829.htm
April and May have been pretty stable, but in June miners increasingly hold back bitcoins for later investment and speculators anticipate on a rally due to the pre-orders, so the price starts rising in June.
Next, I believe that not all coins taken in by BitPay immediately re-enter the market, as Tony Gallippi claims to have traded against pirate a few weeks after. Of course, this could partly be with his own coins or whatever, but seeing the price go up and knowing the numbers, I think he has chosen to make an informed bet. Link:
https://bitcointalksearch.org/topic/i-have-made-a-25-return-this-week-trading-against-the-pirate-94708
After that, there was nothing holding back the price, so a parabolic blowoff has to occur. This is bitcoin after all.
I'm just throwing in my perspective since it has been fairly quiet here today.
The block reward halving will only have a psychological effect on the market. Almost 80% of all the Bitcoin in existence is just sitting sitting there. The block reward change will have 0 effect on supply.
Actually that would make it the opposite:BTC moving around at a rapid pace would mean changes to creation rate would mean little, but if new money is a large part of the "money that moves" so to speak and it is halved then the money that moves is close to halved and supply for new-comers with $ thus greatly affected.
There is gonna be panic buying and I will laugh at you all. Maybe I could take you seriously if your "logic" was not always like this:
Quote from: BTCForumpeps
1. Halving.
2. ASICS (totally not a scam).
3.
4. Mega drop in prices.
2. ASICS (totally not a scam).
3.
4. Mega drop in prices.
Less reward means fewer miner coins trying buy dollars for hardware upgrades/electrons/food - you can't price that in until it happens unless people have been investing a lot extra for the past 6 months continuously.
Price is not agreed on it is established by some in/out flow of BTC/$.
( ͡° ͜ʖ ͡°)
My finger is hovering over the sell button --
-- because of speculation in this thread, or just because it's that time of the month?
You decide
-- because of speculation in this thread, or just because it's that time of the month?
You decide
My finger is hovering over the hoard button --
-- next week's market is going to eat people alive and I don't want to be one of them.
are you sure? not another 9 days
http://bitcoinclock.com/
My finger is hovering over the sell button --
-- because of speculation in this thread, or just because it's that time of the month?
You decide
-- because of speculation in this thread, or just because it's that time of the month?
You decide
My finger is hovering over the hoard button --
-- next week's market is going to eat people alive and I don't want to be one of them.
My finger is hovering over the sell button --
-- because of speculation in this thread, or just because it's that time of the month?
You decide
-- because of speculation in this thread, or just because it's that time of the month?
You decide
The block reward halving will only have a psychological effect on the market. Almost 80% of all the Bitcoin in existence is just sitting sitting there. The block reward change will have 0 effect on supply.
Won't this make the price go up?
of course, and since obviously "everyone" expects that, a failed rocket launch followed by a mini crash could indeed be the result.
I agree, it's not going to go up like everyone is hoping and then it's panic mode.
Won't this make the price go up?
of course, and since obviously "everyone" expects that, a failed rocket launch followed by a mini crash could indeed be the result.
Anyone else see that sword as a microphone at first?
Won't this make the price go up?
Predicting a massive dump and grab.
Oh the irony of a fat dump on halving day lol.....wouldn't surprise me.
Predicting a massive dump and grab.
already priced in....
miners...well that's another story lol
miners...well that's another story lol
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