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So technically it wont be DEAD but umm let us say you can buy the whole network and Satoshi's mama for 10 bucks!
Topic: Dead Cat Bounce ??!! - page 3. (Read 9231 times)
Unless we get new HUGE-(like in 10 million dollars) investment-(like in buying BTC to rescue it ) .. it going to get done more and more.. maybe it will be worth of
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So technically it wont be DEAD but umm let us say you can buy the whole network and Satoshi's mama for 10 bucks!
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So technically it wont be DEAD but umm let us say you can buy the whole network and Satoshi's mama for 10 bucks!
agreed. that's why I just sold another btc. Will transfer the remaining 4 BTC to continue to sell.
I won't get into anything else, however addressing just one point, it won't become more expensive to mine than not. This is simply because if it does, then miners will quit, thus balancing out the difficulty and keeping things equal. If it becomes abnormally profitable to mine, then more miners will hop on, balancing out the difficulty again and keeping things equal.
Sold every coin at $4.6 (still have 5 BTC in my wallet). Probably should continue to sell since I'm a miner.
Hold them imo.
Sold every coin at $4.6 (still have 5 BTC in my wallet). Probably should continue to sell since I'm a miner.
Not anymore!
I'm sorry, that was a joke. This is not:
Let's give it some context, shall we? Here's a year chart.. not so much "dead" as it is "correcting".
BTC is tanking. Has been since June, no reason to think it's going to change. Ignore what you want, doesn't make you right.
Define tanking. Where is the bottom?
Honestly? Parity. Maybe just above. Seriously, the existence of BTC as a useful currency depends on the following, in order from most important to least:
1) General Public interest and usage
2) Stable, safe, transparent exchanges
3) Black market usage
4) Belief in ideology
5) Speculation
1) has run, probably because of 2, 5, and just that it's not convenient enough. For them, the fad is over until Amazon, their credit cards, and actual banks bother to think about BTC.
3) will cut and run as soon as 2) is established.
The groupies at 4) are tiny. TINY.
These are your fundamentals, and the last 3 months are a perfect example of where everything is headed: 1) is gone, 2) never existed, so you're left with 3) and 4), while 5) will bail as soon as there's nothing left.
I didn't even get to the part about what most miners will do when it gets more expensive to mine than not.
I'm not sure I have seen any existence yet of 1, let alone running. 3 is a strawman used by fearmongers, like criminals have never used cash lol. 2 will take time, Rome wasn't built in a day. 4 is only important for developers =p. 5 is 34 million USD strong.
BTC is tanking. Has been since June, no reason to think it's going to change. Ignore what you want, doesn't make you right.
Define tanking. Where is the bottom?
Honestly? Parity. Maybe just above. Seriously, the existence of BTC as a useful currency depends on the following, in order from most important to least:
1) General Public interest and usage
2) Stable, safe, transparent exchanges
3) Black market usage
4) Belief in ideology
5) Speculation
1) has run, probably because of 2, 5, and just that it's not convenient enough. For them, the fad is over until Amazon, their credit cards, and actual banks bother to think about BTC.
3) will cut and run as soon as 2) is established.
The groupies at 4) are tiny. TINY.
These are your fundamentals, and the last 3 months are a perfect example of where everything is headed: 1) is gone, 2) never existed, so you're left with 3) and 4), while 5) will bail as soon as there's nothing left.
I didn't even get to the part about what most miners will do when it gets more expensive to mine than not.
BTC is tanking. Has been since June, no reason to think it's going to change. Ignore what you want, doesn't make you right.
Define tanking. Where is the bottom?
I think we need to start using 1/log (inverse log? does such a thing exist?) charts to see activity down here. Hell, the price moved 20% today but you won't see that on the chart because it doesn't even register relative to noise movement of just a few weeks ago.
Yeah yeah yeah. Log charts will show it's all roses, because that's what I want to believe!
I understand that log charts will show you a bit more about losses in short-term speculation, but everyone's saying "yeah but" on these charts because they want to ignore reality: BTC is tanking. Has been since June, no reason to think it's going to change. Ignore what you want, doesn't make you right.
Not anymore!
I'm sorry, that was a joke. This is not:
The chart looks awfully flat for the last 4 weeks. Not much bouncing. Looks like the cat is taking a nap, not dead.
I think we need to start using 1/log (inverse log? does such a thing exist?) charts to see activity down here. Hell, the price moved 20% today but you won't see that on the chart because it doesn't even register relative to noise movement of just a few weeks ago.
Not anymore!
I'm sorry, that was a joke. This is not:
The chart looks awfully flat for the last 4 weeks. Not much bouncing. Looks like the cat is taking a nap, not dead.
Not anymore!
I'm sorry, that was a joke. This is not:
If I buy 100 USD worth of bitcoin at 30 USD/btc, and it drops to 24 USD/btc, or if I buy 100 USD worth of bitcoin at 5 USD/btc and it drops to 4 USD/btc, which way did I loose more money?
Yeah, log charts are good.
Yeah, log charts are good.
Lol, you can pound your fists all you want, but this is what your public sees:
If I buy 100 USD worth of bitcoin at 30 USD/btc, and it drops to 24 USD/btc, or if I buy 100 USD worth of bitcoin at 5 USD/btc and it drops to 4 USD/btc, which way did I loose more money?
Yeah, log charts are good.
Yeah, log charts are good.
Lol, you can pound your fists all you want, but this is what your public sees:
Be forewarned that this is a troll post looking to goad comments.
troll-e moley!
troll-e moley!
Our view is that the log charts are more appropriate and on log charts, bitcoins is no cat, no dead cat, but a big bull who is taking his afternoon nap before steaming forward again.[/color]
Yeah, because measuring a $6 drop from $30 to $24 equally to a $1 drop from $5 to $4 makes great sense in a crashing market for people who just "want to believe".
When are you idiots going to stop picking the data you want to match your emotional desires and start facing reality? She told me too that is a well known beaver chart behavior (or was it bearish behavior and the other one was the beaver!).
So you two talk about rubbery bouncing kittens while you play with her beaver, while secretely what you're really doing is trying to get unbiased info on wether or not bitcoin is dead. Awesome.
Let me coin the term beaver-reading for this.
Well Ummmmm .. Basically that is quiet true and pretty much about it!. And yes she told me at the end that the CAT IS DEAD!!! .. or umm the BeaverCoin have been Deadly satisfied!
She told me too that is a well known beaver chart behavior (or was it bearish behavior and the other one was the beaver!).
So you two talk about rubbery bouncing kittens while you play with her beaver, while secretely what you're really doing is trying to get unbiased info on wether or not bitcoin is dead. Awesome.
Let me coin the term beaver-reading for this.
does anyone think he didn't know the answer before he created the thread?
exactly my thoughts.
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