... the price just has to catch up...
Lol, will never "catch up" by running in the wrong direction
never say never, who knows
Topic: One year ago... (Read 8629 times)
Lol, will never "catch up" by running in the wrong direction
never say never, who knows
... the price just has to catch up...
Lol, will never "catch up" by running in the wrong direction
A year ago tomorrow was the peak of the dead cat bounce.
Over that hump. It was all downhill from here.
..everything was better. Price was amazing 
nah look at the year we've had in 2014, big players are now in the game the price just has to catch up, we went too high too soon.
i think in 2014 some people control bitcoin's price.caz bad newses falls price and good newses does'nt change any thing.like microsoft accept bitcoin,like dell accepts bitcoin,like paypal
http://parsbtc.com
http://parsbtc.com
yeah. Miners control the price. But guess what: it not even their fault
uhm...why not? then...who is to blame?
i think in 2014 some people control bitcoin's price.caz bad newses falls price and good newses does'nt change any thing.like microsoft accept bitcoin,like dell accepts bitcoin,like paypal
http://parsbtc.com
http://parsbtc.com
yeah. Miners control the price. But guess what: it not even their fault
i think in 2014 some people control bitcoin's price.caz bad newses falls price and good newses does'nt change any thing.like microsoft accept bitcoin,like dell accepts bitcoin,like paypal
http://parsbtc.com
http://parsbtc.com
..everything was better. Price was amazing
A year ago tomorrow was the peak of the dead cat bounce.
One year ago...
BTC was at 1065.36 USD
Insane rally continued...
BTC was at 1065.36 USD
Insane rally continued...
Love the thread, and love to reminisce let's get these prices back on track lol
i should get some quotes from teh wall observer of exactly one year ago. This was MADNESS...
Will probably do it after I've slept
One year ago...
BTC was at 1065.36 USD
Insane rally continued...
BTC was at 1065.36 USD
Insane rally continued...
Love the thread, and love to reminisce let's get these prices back on track lol
One year ago...
BTC was at 1065.36 USD
Insane rally continued...
BTC was at 1065.36 USD
Insane rally continued...
One year ago...
BTC was at 998.56 USD
BTC broke 1000 USD on Bitstamp...
BTC was at 998.56 USD
BTC broke 1000 USD on Bitstamp...
Looking back today, last year's November was just utterly insane. Nothing could stop the price drive.
One year ago...
BTC was at 937.09 USD (Bitstamp VWAP)
I think gox went above 1000 USD a year ago. Bisttamp was trying hard to keep up.
Oh man, in hindsight, we should have sold and bought back today
BTC was at 937.09 USD (Bitstamp VWAP)
I think gox went above 1000 USD a year ago. Bisttamp was trying hard to keep up.
Oh man, in hindsight, we should have sold and bought back today
One year ago...
BTC was at 849.32 USD
BTC was at 849.32 USD
One year ago...
BTC was at 807.80 USD
BTC was at 807.80 USD
One year ago...
BTC was at 795.08 USD (Bitstamp VWAP)
Rally consolidated around 800 USD...
Meanwhile BTC slwoly going up again
BTC was at 795.08 USD (Bitstamp VWAP)
Rally consolidated around 800 USD...
Meanwhile BTC slwoly going up again
One year ago...
BTC was at 832.85 USD (Bitstamp VWAP)
BTC was at 832.85 USD (Bitstamp VWAP)
Seem like everyone is betting another bubble on year end because of last year astronomical jump.
Wish trading and gambling are that simple.
Wish trading and gambling are that simple.
problems solved (for now) it seems, so back to my daily post:
One year ago...
BTC was at 743.65 USD (Bitstamp VWAP)
Rally continued and was pushing for 800 USD.
Today... Not much to tell, exchange rate drifting lower. Not a real crash, just a little bearish.
One year ago...
BTC was at 743.65 USD (Bitstamp VWAP)
Rally continued and was pushing for 800 USD.
Today... Not much to tell, exchange rate drifting lower. Not a real crash, just a little bearish.
I was busy + some internet problems in the last days, anyway, here are the charts
nov 19: one year ago...
BTC was at 597.83 USD
nov 20: one year ago...
BTC was at 542.03 USD
nov 21: one year ago...
BTC was at 666.17 USD
A year ago, we were reaching new ATH's again...
Meanwhile, fear is back to go below 275 USD...
nov 19: one year ago...
BTC was at 597.83 USD
nov 20: one year ago...
BTC was at 542.03 USD
nov 21: one year ago...
BTC was at 666.17 USD
A year ago, we were reaching new ATH's again...
Meanwhile, fear is back to go below 275 USD...
One year ago...
BTC was at 462.58 USD (Bitstamp VWAP)
***
A small miracle needs to happen if we want to close above the one year old exchange rate today. But certainly possible. It seems that BTC is recovering from the last dumps below 400.
BTC was at 462.58 USD (Bitstamp VWAP)
***
A small miracle needs to happen if we want to close above the one year old exchange rate today. But certainly possible. It seems that BTC is recovering from the last dumps below 400.
One day ago, and bitcoin is fallling below the 400 level.
The prophecies are getting outdated faster and faster
I have an updated one in my excel files
Excellent. Definitely fits all but the very beginning time period better than Stephen Reed's model (https://bitcointalksearch.org/topic/stephen-reeds-million-dollar-logistic-model-366214) (at least for the moment). Latest update from him: https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1
However, I do like the following one from Trolololo even better, though, as it accounts for all time periods very elegantly: https://bitcointalksearch.org/topic/logarithmic-non-linear-regression-bitcoin-estimated-value-831547
One year ago...
BTC was at 549.70 USD (Bitstamp VWAP)
A miracle need to happen if we want to close above the echange rate of one year ago
BTC was at 549.70 USD (Bitstamp VWAP)
A miracle need to happen if we want to close above the echange rate of one year ago
So, how does the microscopic volume of today (and the last several months) compare to that of a year ago ?
I have an updated one in my excel files
This was from a little over a year ago. The formula would put us at $2112 today (and $2738 at the end of the year):
Hello,
I've just seen link for interesting chart on btc-e chat.
One user posted this:
Looks crazy couse this is logarithmic scale. Hard to believe that this prediction will happen but..
What do you think about this?
I've just seen link for interesting chart on btc-e chat.
One user posted this:
Looks crazy couse this is logarithmic scale. Hard to believe that this prediction will happen but..
What do you think about this?
One year ago...
BTC was at 462.58 USD (Bitstamp VWAP)
***
A small miracle needs to happen if we want to close above the one year old exchange rate today. But certainly possible. It seems that BTC is recovering from the last dumps below 400.
BTC was at 462.58 USD (Bitstamp VWAP)
***
A small miracle needs to happen if we want to close above the one year old exchange rate today. But certainly possible. It seems that BTC is recovering from the last dumps below 400.
What was the volume like there a year ago ?
sorry for this delayed pot of today 
One year ago...
BTC was at 433.34 USD (Bitstamp VWAP)
doesn't look good. We are 50 USD below
One year ago...
BTC was at 433.34 USD (Bitstamp VWAP)
doesn't look good. We are 50 USD below
Why can't we be like Apple?
From http://steadfastfinances.com/blog/2009/10/24/some-tech-bubble-stocks-finally-breaking-even-after-a-10-year-wait/
Apple
The Apple that we see in 2009 isn’t the Apple that existed in 1999. Steve Jobs wasn’t in the picture, no one but Napster had made any significant headway on the MP3 front, and Wall Street really didn’t care all that much about Apple because everyone thought that Microsoft would take over the world.
However, I included Apple in this simple case study to show how well a stock can perform — regardless of stock market crashes and investment bubbles — when Wall Street believes a true growth story exists.
From http://steadfastfinances.com/blog/2009/10/24/some-tech-bubble-stocks-finally-breaking-even-after-a-10-year-wait/
Apple
The Apple that we see in 2009 isn’t the Apple that existed in 1999. Steve Jobs wasn’t in the picture, no one but Napster had made any significant headway on the MP3 front, and Wall Street really didn’t care all that much about Apple because everyone thought that Microsoft would take over the world.
However, I included Apple in this simple case study to show how well a stock can perform — regardless of stock market crashes and investment bubbles — when Wall Street believes a true growth story exists.
One year ago...
BTC was at 417.63 USD (Bitstamp VWAP)
Ley's hope the current exchange rate will manage to get above the one of one year ago at the end of the day...
BTC was at 417.63 USD (Bitstamp VWAP)
Ley's hope the current exchange rate will manage to get above the one of one year ago at the end of the day...
Gotta break $430. We actually did already; just four days too early.
One year ago...
BTC was at 417.63 USD (Bitstamp VWAP)
Let's hope the current exchange rate will manage to get above the one of one year ago at the end of the day...
BTC was at 417.63 USD (Bitstamp VWAP)
Let's hope the current exchange rate will manage to get above the one of one year ago at the end of the day...
wasn't able to post todays chart in time. Here it is:
One year ago...
BTC was at 409.77 USD (Bitstamp VWAP)
Bitcoin broke 400 USD for the first time in history.
Currently, we are below the exchange rate of one year ago
One year ago...
BTC was at 409.77 USD (Bitstamp VWAP)
Bitcoin broke 400 USD for the first time in history.
Currently, we are below the exchange rate of one year ago
The last 24 hour's Bitstamp high was 425.0 and it's low was 382. The price is now 400.5 which is 50 cents above the exchange rate of one year ago. We are well above whatever the price was two years ago.
This weekend will see carnage.
wasn't able to post todays chart in time. Here it is:
One year ago...
BTC was at 409.77 USD (Bitstamp VWAP)
Bitcoin broke 400 USD for the first time in history.
Currently, we are below the exchange rate of one year ago
One year ago...
BTC was at 409.77 USD (Bitstamp VWAP)
Bitcoin broke 400 USD for the first time in history.
Currently, we are below the exchange rate of one year ago
yeah, it's really almost "a thing" now
Although I suspect that the BTC rally of the 18th november 2013 from 470 to 670 USD in 24hours will not repeat itself...
I doubt we break easily 480-500 wall. Huge resistance there. But in the case we break it, I won't be surprised to reach 600s in few hours.
heart in mouth
did anyone get the gif on bitcoinity when we hit 400? shuda been nice no? or do they only happen for stamp prices now?
did anyone get the gif on bitcoinity when we hit 400? shuda been nice no? or do they only happen for stamp prices now?
Ask and you shall receive:
If it wasn't a pizza for gods earlier, it is now.
Excuse me fort not posting "old posts" recently. I am busy lately, but I promise I will resume posting them Soon TM
***
one year ago...
BTC was at 378.91 USD (Bitstamp VWAP)
Volatility went down again and the rally continued. BTC was pushing to break 400 USD, but it didn't happen.
Thanks to the rally yesterday, there is a large chance that today we stay above the exchange rate of one year ago
***
one year ago...
BTC was at 378.91 USD (Bitstamp VWAP)
Volatility went down again and the rally continued. BTC was pushing to break 400 USD, but it didn't happen.
Thanks to the rally yesterday, there is a large chance that today we stay above the exchange rate of one year ago
Lol. Its almost like the 2014 market is rallying to avoid being overtaken by 2013 market stats.
yeah, it's really almost "a thing" now
Although I suspect that the BTC rally of the 18th november 2013 from 470 to 670 USD in 24hours will not repeat itself...
What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?
Monero. I don't want to "pump" it. But the devs are seriously working on something great:
the anonimity features are far better than how DRK works.
They implemented and are implementing other innovative things, such as dynamic checkpointing (never done by BTC) and stealth multisig (you can't tell an address is a multisig address. So really anonymous online transactions! Still work in progress)
Once the code is updated (they are working on some RAM issues at the moment) they will release the GUI.
I expect some really nice new wave of adoption.
yes, partially due to Darkcoin getting more attention and the fact that XMR isn't very usable at the moment. But that will change in a short matter of time
Excuse me fort not posting "old posts" recently. I am busy lately, but I promise I will resume posting them Soon TM
***
one year ago...
BTC was at 378.91 USD (Bitstamp VWAP)
Volatility went down again and the rally continued. BTC was pushing to break 400 USD, but it didn't happen.
Thanks to the rally yesterday, there is a large chance that today we stay above the exchange rate of one year ago
***
one year ago...
BTC was at 378.91 USD (Bitstamp VWAP)
Volatility went down again and the rally continued. BTC was pushing to break 400 USD, but it didn't happen.
Thanks to the rally yesterday, there is a large chance that today we stay above the exchange rate of one year ago
Lol. Its almost like the 2014 market is rallying to avoid being overtaken by 2013 market stats.
What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?
Monero. I don't want to "pump" it. But the devs are seriously working on something great:
the anonimity features are far better than how DRK works.
They implemented and are implementing other innovative things, such as dynamic checkpointing (never done by BTC) and stealth multisig (you can't tell an address is a multisig address. So really anonymous online transactions! Still work in progress)
Once the code is updated (they are working on some RAM issues at the moment) they will release the GUI.
I expect some really nice new wave of adoption.
Excuse me for not posting "old posts" recently. I am busy lately, but I promise I will resume posting them Soon TM
***
one year ago...
BTC was at 378.91 USD (Bitstamp VWAP)
Volatility went down again and the rally continued. BTC was pushing to break 400 USD, but it didn't happen.
Thanks to the rally yesterday, there is a large chance that today we stay above the exchange rate of one year ago
***
one year ago...
BTC was at 378.91 USD (Bitstamp VWAP)
Volatility went down again and the rally continued. BTC was pushing to break 400 USD, but it didn't happen.
Thanks to the rally yesterday, there is a large chance that today we stay above the exchange rate of one year ago
one year ago...
BTC was at 350.49 USD (Bitstamp VWAP)
We will probably stay above this exchange rate. Although it's getting closer...
BTC was at 350.49 USD (Bitstamp VWAP)
We will probably stay above this exchange rate. Although it's getting closer...
mtgox was working.. but soon our bitcoins disappeared...
one year ago the price was a lot better
One year ago...
BTC was at 334.61 USD (Bitstamp VWAP)
The volatility went down again. Bitcoin pushing for new highs. Current exchange rate will likely stay above the exchange rate of one year ago in the next 24 hours.
The "old posts of the day" will have to wait. I just came back from a poker night with my friends, it's 5:02 CET at the moment
(I lost 0.55 EUR total after 7 hours of playing poker LOL )
BTC was at 334.61 USD (Bitstamp VWAP)
The volatility went down again. Bitcoin pushing for new highs. Current exchange rate will likely stay above the exchange rate of one year ago in the next 24 hours.
The "old posts of the day" will have to wait. I just came back from a poker night with my friends, it's 5:02 CET at the moment
(I lost 0.55 EUR total after 7 hours of playing poker LOL )
What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?
Monero. I don't want to "pump" it. But the devs are seriously working on something great:
the anonimity features are far better than how DRK works.
They implemented and are implementing other innovative things, such as dynamic checkpointing (never done by BTC) and stealth multisig (you can't tell an address is a multisig address. So really anonymous online transactions! Still work in progress)
Once the code is updated (they are working on some RAM issues at the moment) they will release the GUI.
I expect some really nice new wave of adoption.
What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?
Peercoin has a really good price at the moment. Also, 0.000008 BTC per NuShare is a really good price, so pay attention --- if the price goes near 0.000008 BTC, buy in. I bought 6 BTC worth of NuShares a couple of weeks ago and now they are worth ~11 BTC, easy money. I don't know about other cryptos because you have to know the devs and community in order to make a good investment and not just gamble. I personally have been into Sunny King's coins ever since PeerCoin was created and I know that those dudes are constantly working on projects to make their coins succeed in the long run.
Missed two good Peercoin runs in the past by dropping out too soon. Won't happen a third time and indeed, Peercoin is active but also attractively priced.
What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?
Peercoin has a really good price at the moment. Also, 0.000008 BTC per NuShare is a really good price, so pay attention --- if the price goes near 0.000008 BTC, buy in. I bought 6 BTC worth of NuShares a couple of weeks ago and now they are worth ~11 BTC, easy money. I don't know about other cryptos because you have to know the devs and community in order to make a good investment and not just gamble. I personally have been into Sunny King's coins ever since PeerCoin was created and I know that those dudes are constantly working on projects to make their coins succeed in the long run.
One year ago a few of my friends were asking me which altcoin they should buy among : Litecoin, Peercoin and Feathercoin.
My answer was "Bitcoin".
Was it the right choice ?
My answer was "Bitcoin".
Was it the right choice ?
Clealy... almost all others have fallen over 90%..
My answer has always been Peercoin. You can say that it has fallen over 90% but it also went to da nebulas in comparison to Bitcoin's rally to 1000+. What is more, in the end it settled down at its starting point before Bitcoin's last big bubble so whoever bought into PPC at that time were never in a loss.
Just look at the graph and do your thinking:
What coin do you recommend at this point that you see as relatively cheap? with Bitcoin im not going to achieve anything by just holding, or at least not unless I want to be a rich grandpa. I need a relatively low price coin that may blow up in the future. What about Monero?
One year ago a few of my friends were asking me which altcoin they should buy among : Litecoin, Peercoin and Feathercoin.
My answer was "Bitcoin".
Was it the right choice ?
My answer was "Bitcoin".
Was it the right choice ?
Clealy... almost all others have fallen over 90%..
My answer has always been Peercoin. You can say that it has fallen over 90% but it also went to da nebulas in comparison to Bitcoin's rally to 1000+. What is more, in the end it settled down at its starting point before Bitcoin's last big bubble so whoever bought into PPC at that time were never in a loss.
Just look at the graph and do your thinking:
One year ago a few of my friends were asking me which altcoin they should buy among : Litecoin, Peercoin and Feathercoin.
My answer was "Bitcoin".
Was it the right choice ?
My answer was "Bitcoin".
Was it the right choice ?
Clealy... almost all others have fallen over 90%..
One year ago a few of my friends were asking me which altcoin they should buy among : Litecoin, Peercoin and Feathercoin.
My answer was "Bitcoin".
Was it the right choice ?
My answer was "Bitcoin".
Was it the right choice ?
Clealy... almost all others have fallen over 90%..
Lol, I don't even read HOLD even when it's written like that. Don't use that word since HODL one.
that's why I included it
Bitcoins? Buy! Buy! Buy! Without Hesitation!
Already bought all the bitcoin I want, actually bought too early
... 
Lol, I don't even read HOLD even when it's written like that. Don't use that word since HODL one.
some posts:
If this has something to do with Bitmit suddenly shutting up shop then we're only in the foothills.
I think it was this (already reported here):
http://www.coindesk.com/shopify-integrates-bitcoin-payments/
probably... or are there other news today?
Am I a wizard?
You guys have got to watch for those dub apps.
I seem to remember some guy saying "anything below $300 is a bargain" - i feel like he almost singlehandedly saved bitcoin
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.
http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-
For 700 ounces of gold a BTC I'll sell a considerable portion of my Bitcoins.
BONUS
I can watch this all night long
I didn't see the hoola hoop the first 3 times
Hey there's a hoola hoop! Neat!
Ask her if she has a hoola hoop with her!
Yeah baby!!!
VOLATILITY!!!
VOLATILITY!!!
I wonder if this has anything to do with the resilience in price over the past 24hs.
https://twitter.com/maxkeiser/status/399173865026224128
Quote
Max Keiser @maxkeiser
We are waiting to hear about a new MAJOR Bitcoin player news tomorrow... could boost price guidance.
We are waiting to hear about a new MAJOR Bitcoin player news tomorrow... could boost price guidance.
https://twitter.com/maxkeiser/status/399173865026224128
If this has something to do with Bitmit suddenly shutting up shop then we're only in the foothills.
I think it was this (already reported here):
http://www.coindesk.com/shopify-integrates-bitcoin-payments/
probably... or are there other news today?
I thought we might settle back at ~$350 on Gox today, setting up for Monday (in case another bullish week ensues following this). Plenty of volume now though. Certainly plenty of capitulation this weekend from those taking down profits..
Am I a wizard?
You guys have got to watch for those dub apps.
I seem to remember some guy saying "anything below $300 is a bargain" - i feel like he almost singlehandedly saved bitcoin
Quote from: Tyler Durden
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.
http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-
For 700 ounces of gold a BTC I'll sell a considerable portion of my Bitcoins.
if it only goes to 1 mil I will be disappoint
I figure 7M probably
I figure 7M probably
BONUS
Incoming apple bottom...
I can watch this all night long
Hey there's a hoola hoop! Neat!
Thanks guys for all the pics. The lady next to me in the train has a nice impression of me now
Ask her if she has a hoola hoop with her!
One year ago...
BTC was at 299.68 USD (Bitstamp VWAP)
Volatility from yesterday continued and was even higher. First correction in this rally.
Today (2014) we will likely see a higher exchange rate than one year ago
BTC was at 299.68 USD (Bitstamp VWAP)
Volatility from yesterday continued and was even higher. First correction in this rally.
Today (2014) we will likely see a higher exchange rate than one year ago
EVERYBODY ON LET'S GO
indeed
But it's very much possible that soon the market cap will also be lower than a year ago...
Anyway, bitcoin survived in 2012 when the exchange rate was lower than in 2011. So the current sutuation should not directly mean that BTC is dead...
Although, I hope that the exchange rate wil start a new uptrend within a few months. An anouncement of the Bitcoin ETF could make this happen.
But it's very much possible that soon the market cap will also be lower than a year ago...
Anyway, bitcoin survived in 2012 when the exchange rate was lower than in 2011. So the current sutuation should not directly mean that BTC is dead...
Although, I hope that the exchange rate wil start a new uptrend within a few months. An anouncement of the Bitcoin ETF could make this happen.
Exactly.
I had to make the point while it was still true. I'm amazed we're going to get another 10% hash rate increase soon.
A year ago the difficulty was 510,929,738. Now we're at 39,603,666,252. 77x.
If it's still profitable at these prices then we can have some time to go as miners sell OTC.
After that the ETF could be the huge event to "drain the oceans" as aminorex would say.
Let's not forget there are ~1.5 million more bitcoins in circulation compared to a year ago.
So even though the price remains the same, the market cap has increased from ~4B to ~4.6B.
Source: http://www.coindesk.com/data/bitcoin-market-capitalization/
So it has grown 15% in a year but people are saying it is dead. Funny.
So even though the price remains the same, the market cap has increased from ~4B to ~4.6B.
Source: http://www.coindesk.com/data/bitcoin-market-capitalization/
So it has grown 15% in a year but people are saying it is dead. Funny.
indeed
But it's very much possible that soon the market cap will also be lower than a year ago...
Anyway, bitcoin survived in 2012 when the exchange rate was lower than in 2011. So the current sutuation should not directly mean that BTC is dead...
Although, I hope that the exchange rate wil start a new uptrend within a few months. An anouncement of the Bitcoin ETF could make this happen.
Let's not forget there are ~1.5 million more bitcoins in circulation compared to a year ago.
So even though the price remains the same, the market cap has increased from ~4B to ~4.6B.
Source: http://www.coindesk.com/data/bitcoin-market-capitalization/
So it has grown 15% in a year but people are saying it is dead. Funny.
So even though the price remains the same, the market cap has increased from ~4B to ~4.6B.
Source: http://www.coindesk.com/data/bitcoin-market-capitalization/
So it has grown 15% in a year but people are saying it is dead. Funny.
>deflationary currency
>inflating at 15% per year
Funnier.
P.S: In a day or two, your "market cap increase" claim will be false
I like this thread.
Let's not forget there are ~1.5 million more bitcoins in circulation compared to a year ago.
So even though the price remains the same, the market cap has increased from ~4B to ~4.6B.
Source: http://www.coindesk.com/data/bitcoin-market-capitalization/
So it has grown 15% in a year but people are saying it is dead. Funny.
So even though the price remains the same, the market cap has increased from ~4B to ~4.6B.
Source: http://www.coindesk.com/data/bitcoin-market-capitalization/
So it has grown 15% in a year but people are saying it is dead. Funny.
The price chart now looks worse than I hoped, and the 12-month-cycle hasn't been repeated as I hoped, it's still possible that the cycle will repeat in a prolonged way. Also it's possible november will echo last years buy panic.
One year later and beany bean is still no less than 1/4th of peak price. I am impressed.
One year ago...
BTC was at 338.71 USD (Bitstamp VWAP)
The rally continued, but some volatility entered the market.
It is possible the current exchange rate will dip below the rate of exactly one year ago in the next 24h...
BTC was at 338.71 USD (Bitstamp VWAP)
The rally continued, but some volatility entered the market.
It is possible the current exchange rate will dip below the rate of exactly one year ago in the next 24h...
We'll now stay above where we were 365 days ago for only about 48 hours, then we'll drop below it indefinitely, until a major rally occurs.
Bitcoins? Buy! Buy! Buy! Without Hesitation!
Already bought all the bitcoin I want, actually bought too early
...There is still way how you can get some more of them:
Open account at Bitfinex. Deposit already bought coins and buy some new with leverage. Don't use max leverage!
Leverage is risky, advice not to use it...
Also life is risky. Don't use it
Bitcoins? Buy! Buy! Buy! Without Hesitation!
Already bought all the bitcoin I want, actually bought too early
...There is still way how you can get some more of them:
Open account at Bitfinex. Deposit already bought coins and buy some new with leverage. Don't use max leverage!
Leverage is risky, advice not to use it...
Bitcoins? Buy! Buy! Buy! Without Hesitation!
Already bought all the bitcoin I want, actually bought too early
...There is still way how you can get some more of them:
Open account at Bitfinex. Deposit already bought coins and buy some new with leverage. Don't use max leverage!
Bitcoins? Buy! Buy! Buy! Without Hesitation!
Already bought all the bitcoin I want, actually bought too early
...
Bitcoins? Buy! Buy! Buy! Without Hesitation!
one year ago: we are going nowhere but to the moon. Bitcoin will take over the world.
now: "we are going nowhere but down" (fallling)
A few words can say more than 1000 pictures
now: "we are going nowhere but down" (fallling)
A few words can say more than 1000 pictures
TLDR: one year ago people talked about 10k or 100k coins by now, because year after year the price must goes up at least 10x due some unknown natural law.
Can't say it was unfair
Can't say it was unfair
some posts:
You tell us hazek
Nočna izmena a?
Ma ne, sej grem spat zdle.
My last sale was at 375. My next sell is for 400.
thats the best way to do it, sell little bits slowly as its rising.
no, it stinks. I always do this and it inevitably turns out that simply holding would've been better.
Truth.
+1
When comparing April with today, the current run up seems much more impressive.
mtgox @ 362 and climbing... do I hear 400 tomorrow?
Did that wall on our exchange at $335 just get eaten or was it moved?
You tell us hazek
Nočna izmena a?
Ma ne, sej grem spat zdle.
I think china is about to explode, I think its about to explode everywhere! BUY BUY BUY!
HOLY HELL I LOVE BITCOIN!!!!
Hey! Bitcoinity! Very funny!
Ok, so I usually have MtGox and Bitstamp on my first two tabs when suddenly I see this:
Too bad it was only a 502 server error
Ok, so I usually have MtGox and Bitstamp on my first two tabs when suddenly I see this:
Too bad it was only a 502 server error
I like these new crashes. Much less anxiety.
Went from 348 -> 300 in stamp so i sold 1/6 of my coins in first rebound at 330. I had 100% of all my wealth in coins (i don't have any loan). Lets see what happens next.
took more losses and bought some more back!
My last sale was at 375. My next sell is for 400.
no, it stinks. I always do this and it inevitably turns out that simply holding would've been better.
It's not at all similar to this spring, or we would have crashed deeply with volume of more than 100k BTCs already.
I am completely speechless with the tenacity of this price fly-up, it simply refuses to go down, several crash attempts are just easily absorbed, each time countered a powerful buy wave.
I am completely speechless with the tenacity of this price fly-up, it simply refuses to go down, several crash attempts are just easily absorbed, each time countered a powerful buy wave.
Truth.
+1
When comparing April with today, the current run up seems much more impressive.
We had the "Silk Road down" correction... (but I'm with you, it's going too fast)
One year ago...
BTC was at 338.71 USD (Bitstamp VWAP)
The rally continued, but some volatility entered the market.
It is possible the current exchange rate will dip below the rate of exactly one year ago in the next 24h...
BTC was at 338.71 USD (Bitstamp VWAP)
The rally continued, but some volatility entered the market.
It is possible the current exchange rate will dip below the rate of exactly one year ago in the next 24h...
One year ago...
BTC was at 317.94 USD (Bitstamp VWAP)
edit:
the amazing rally continued. Current exchange rate is now close to the closing price on Bitstamp...
BTC was at 317.94 USD (Bitstamp VWAP)
edit:
the amazing rally continued. Current exchange rate is now close to the closing price on Bitstamp...
I found this post of my own
people will initially start buying Litcoin, because it is cheap. But they will realise after a while that they just need to buy fractions of a BTC, no problem
So Im bullish on litecoin for the moment
(and it is already happening)
So Im bullish on litecoin for the moment
(and it is already happening)
I'll keep posting the chart in this topic each day until the current bitcoin exchange rate will be higher than one year ago
(yeah, i know I started a few days early, but I didn't want to miss to queot the fun posts at the start of the rally)
Going to sleep now, in 6 hours I'll look inside my posts of a year ago
Keep posting them.
(yeah, i know I started a few days early, but I didn't want to miss to queot the fun posts at the start of the rally)
Going to sleep now, in 6 hours I'll look inside my posts of a year ago
Keep posting them.
This thread is just too sad
Woo, for a moment I thought BTC had tanked 60 bucks.
One year ago, i just found out about bitcoins.
Some posts:
choo choo
Here's a "back of the envelope" theory:
Base to Peak ratios
Bubble 1: $1 to $30 (30x)
Bubble 2: $13 to $260 (20x)
Bubble 3: $120 to $1,200 (10x)
Bubble 3: $120 to $1,680 (14x)
Actually they are not Bubbles, technically they were a run on the Bitcoin Bank, and what we have today is a lineup to deposit into the Bitcoin Bank. (given we don't charge interest, there is a market based enter fee for depositors, given the utility and limited supply.)
Bubbles pop, and mismanaged banks go bankrupt and there "customers" panic.
Bitcoin looks as strong as a bull and like it's here to stay
lol
Can't take out FIAT, nooo BUY BUY BUY !!!
Can't withdraw BTC, ahhh SELL SELL SELL !!!
Being Goxed both ways ...
choo choo
If this bubble can reach $1k, will it promptly create a crash from all of the sellers at that price point? Or will it begin much sooner ($500)?
Here's a "back of the envelope" theory:
Base to Peak ratios
Bubble 1: $1 to $30 (30x)
Bubble 2: $13 to $260 (20x)
Bubble 3: $120 to $1,200 (10x)
Bubble 3: $120 to $1,680 (14x)
Actually they are not Bubbles, technically they were a run on the Bitcoin Bank, and what we have today is a lineup to deposit into the Bitcoin Bank. (given we don't charge interest, there is a market based enter fee for depositors, given the utility and limited supply.)
Bubbles pop, and mismanaged banks go bankrupt and there "customers" panic.
Bitcoin looks as strong as a bull and like it's here to stay
I'm starting to freak out a little bit... Take a look at the asks in all markets, a few K's until 300, then NOTHING.
This means that if we break 300 and NO new BIG whales appear there is no support at the top, we could repeat what happened in april, more than doubling in one day (from 300) and then...
This means that if we break 300 and NO new BIG whales appear there is no support at the top, we could repeat what happened in april, more than doubling in one day (from 300) and then...
and then...
Either some early adopter coins come out of cold storage and appear on the exchanges, or else we enter a phase where the only coins available for purchase every day come from the newly-mined coins that miners choose to sell.Somebody is trolling...
who run out of what now? Quote
[16:37:47] is it true mt gox ran out of both fiat and btc?
[16:38:01] <+SarahCoinBit> mtgox646: We are not having any type of funding issue. The coins are there in limbo
[16:38:20] <+SarahCoinBit> chaang-noi: We have not ran out of anything, nor is this a cold storage issue
[16:38:01] <+SarahCoinBit> mtgox646: We are not having any type of funding issue. The coins are there in limbo
[16:38:20] <+SarahCoinBit> chaang-noi: We have not ran out of anything, nor is this a cold storage issue
lol
Can't take out FIAT, nooo BUY BUY BUY !!!
Can't withdraw BTC, ahhh SELL SELL SELL !!!
Being Goxed both ways ...
This is getting absurd. I don't mean to say that Bitcoin shouldn't be going up, but what I'm seeing goes something roughly like this:
Step 1: OH SHIT GOX IS RETARDED! (*Dip/crash*)
Step 2: Why did we sell when we can only withdraw coins! (*Huge Rally on Gox*)
Step 3: Woo, I'm on Bitstamp, gox is rallying, better buy before we follow! (*Huge rally on other exchanges*)
Step 4: Yay, other exchanges are now roughly equal to gox, Gox must have fixed! Yay! BUY! (*Slow buys happen*)
Step 5: OH SHIT GOX IS RETARDED!
if people weren't damn weird, we should be permanently on Step 4. ~.~
Step 1: OH SHIT GOX IS RETARDED! (*Dip/crash*)
Step 2: Why did we sell when we can only withdraw coins! (*Huge Rally on Gox*)
Step 3: Woo, I'm on Bitstamp, gox is rallying, better buy before we follow! (*Huge rally on other exchanges*)
Step 4: Yay, other exchanges are now roughly equal to gox, Gox must have fixed! Yay! BUY! (*Slow buys happen*)
Step 5: OH SHIT GOX IS RETARDED!
if people weren't damn weird, we should be permanently on Step 4. ~.~
Time to think back to the good old times...
Soon the current exchange rate will be lower than one year ago.
I invite you to post some quotes from exactly one year ago.
***
One year ago...
BTC was at 283.32 USD (Bitstamp VWAP)
Soon the current exchange rate will be lower than one year ago.
I invite you to post some quotes from exactly one year ago.
***
One year ago...
BTC was at 283.32 USD (Bitstamp VWAP)
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