Topic: Here we go sub 400! - page 2. (Read 7004 times)

Kwuks usual doomsaying..  big hollow empty statements

Doesnt scale to *what level Kwuk ?  Big enough to handle what volume of transactions ? Why not ?  Which better system *does scale to the volume you want ?

Mining is inefficient ?  Hahah, So printing notes and metal coins, and driving them all over the physical place in combustion fuelled vehicles, guarded by humans, and destroying and reissuing those notes every few years is clearly a better cleaner more efficient system ?

Owned by a few, what, you mean like our current systems where 5% owns more than the other 95% ? 
So you want a new currency where everyone gets a free handout at the start ?  perhaps free beer too ?

You do know that credit card transactions arent "confirmed" in realtime either ?  As a CC accept-er, the merchant takes on a charge-back risk that can be *6 months after the sale was "confirmed".   Just because the little swipe machine says "Approved" doesnt mean the merchant actually has his money..  Bitcoin is actually a significant *improvement in this regard.   

Want faster *confirmations - just add in a 3rd party who will accept the (miniscule) risk in covering the tiny fraud percentage for as long as it takes the blockchain to confirm things.   Or you could try to withdraw/transfer $10k from a bank and see how long it *really takes them to "confirm" that you can have your money.

Transactions are traceable to *addresses, of course, they have to be.  Addresses are not traceable to *people.  Anonymity is quite easy if you want to take some precautions.   Once again, a misrepresentation of the facts to suit your agenda.

I think its good that we have bears around, we need people to look at the other side to keep from getting caught up in groupthink, but you arent a bear, you're a miserable excuse for a teddy bear with one of those pull-the-string-and-repeat-stock-phrases-in-a-squeaky-voice toys.   If you would actually put some moments of cognition into your posts, you might not get laughed at so much.   

But your history shows there is little chance of that.

I don't really care the price but it's fun to watch. Usually I immediately exchange my Bitcoins for national currency. High prices are useful for me, when the price is so low I don't panic sell and wait for price to get back on track again. Last week I didn't sell for example. Who sell at sub 400 in the block halving year anyway?

What makes you think the fundamentals are broken? Bitcoin is doing better than it ever did. I think you are part of a very small minority that just hopes that Bitcoin will fail. What are you supporting? BitcoinXT?

According to preev.com, we're cracked $410 a few times, maybe we'll be able to finish the day this high. It keeps inching down underneath $410 every so often, but this is more entertaining to watch than TV.

I wonder what caused the sudden surge though...

Those who wait patiently will reap the rewards much slower than those who take opportunity by the hand and seize it. Carpe diem, my firends.

Nice to see the bitcoin price climbing back up from its recent fall

Here we go over 400! That was real fast, lol. I'm sure old minds couldn't make a single penny from this wave. They hodl when it went down and hodl again when it went up again.
You'll never understand the basics of trading, old minds.

kwukduck enlighten you? hahahahah that's a good one man. 

Bitcoin doesn't scale.
Mining operations are becoming more and more centralized.
Mining is an inefficient wasteful and toxic process for the environment.
The vast majority of coins is owned by a hand full of people.
Confirmations are too slow for every day use.
Transactions are fully traceable,  not anonymous.
Need I go on?

I am not aware of any broken fundamentals.
Could you enlighten me?☺

no, i was saying 700 since we were at 450, because it appear to be a nice spot, if you take the diff increase that may occur from now until july

estimating 20% increase per month, mean 150% increase basically, so 250B diff, this mean that their profit will be like the s5 is right now, utterly worse

Why is it almost every single one of you guys just ignore the utterly broken fundamentals?

Did you seriously just said 700 because it's 350 x 2? I hope not, you obviously have no idea. Just because halving means half of the reward, doesn't mean the price will double, by your logic bitcoin would have died when it hit less than 200$ right? because the price was too low compared to the reward.

i don't know why people tend to compare it with he litecoin halving, litecoin halving was from 50 coins to 25, is a totally different thing, also litecoin has a greater supply, this mean in theory a lower value per cois in comparison with bitcoin


so you're implying that we are going down again, for no reason right?

When is the halving?

(litecoin halving price pumped months before...hope btc doesn't mess up like that did)

700 the minimum for this year? huh? for now it was 350 dollars. I think if we see bitcoin after the halving to 1000 dollar.
I think that 700 dollar will be a good stable for bitcoin, is never sure with it.

We will see if something really good is going to happen after the halving.

LOL.

Just Wait.

it was not possible, people tend to forget the importance of the halving, the price will not decrease under 350, ever, unless some catastrophic event appear, like all farms implode or something

new minimum this year will be 700 at least

bitstamp went below $400 again but is now climbing back up as huobi is pumping like there is no tomorrow. bitfinex just reached $413 and it won't stop there i guess.

Well the Buy orders are still greater than the Sell so it could still go a bit higher

Didn't last very long.