Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18416. (Read 26711447 times)

So much for the halfing raising price. Small miners quitting. Hate to see the next one.

The first modern gold ETF took nearly five years to be approved and I think it's safe to say more people are familiar with what gold is.

Oh yeah, and this arrived today - https://www.gsx.gi/article/8292/gibraltar-stock-exchange-welcomes-bitcoineti

The part about the Winklevoss twins being impatient implies that they are still actively trying to get this to work and by changing exchanges they are showing that they're willing to do what it takes to get it done.
 
As far as lowering the price? No. We already see that people are willing to spend double the bitcoin price for bitcoins on the exchange market if they have a broker handling it. The more people who are able to check a box at work to have some of their retirement go toward a bitcoin investment the higher the price will go. That is a market not yet tapped. And it is huge.

It's all speculation as to when it will happen though. They said that it usually takes 2 years from the initial filing. It's been over 3 years.

There are two points that I would make to this response. 

1) I think that you are over calculating the exchange risk, especially, if you really believe that prices are going to go down into the upper $400s.  How many exchanges have run off with bitcoin?  large exchanges, besides MTGOX (and couldn't we see MTGOX coming from miles away?)

and

2) there are strategies to limit the exchange risk, such as only keep a small portion on the exchanges and/or remove from exchange after making the trade and choosing more reputable exchanges especially, if you really believe that prices are going to go down into the upper $400s.


In other words, you are making prognostications about bitcoin, but your money is no where near your mouth is, no?  Not even a kinds approximate approximation.

Yes, BTC is dramatically more resistant to the success of a small minority fork.

That’s why the “fire the miners” keccak code is there, ready, lurking… because when voting with hashrate doesn’t go your way… you change who’s voting.

Honestly...10.5 billion market cap for Bitcoin is insane imho!

See you guys in a month or two...

http://www.bitcoinwatch.com/

looks like difficulty is going to be adjusting downwards. Miners are hurting bad at these prices, on average costs they need >$850 for profits so some are going off-line now I expect.

$660 is equivalent to $330 before halvening ... i.e. cheap coinz.

It's a flag like everything else, -prune=, on a command line.

Pruning the size of your installation won't help you speed up an initial sync though, you still have to chew through the whole thing. That's where increasing your dbcache could help.

You could do it in well less than 8 hrs with a nice computer and an enlarged dbcache. Rasb Pi or a lightly provisioned vps could take days. Once you're synced, the life of a node becomes a little more relaxed.

P.S. I think ETC discussion is allowed today, at least it is on r/bitcoin. 7% of the price, and 5.5% of the hashrate... never a dull day in cryptoland (well, some dull days, but not today )

P.P.S. I wonder if vitalik regrets the quick difficulty retargeting right about now...

I see it as a much bigger risk to play around with it on exchanges than being cold-storaged.

3 years, 3 weeks...
Where's the prune mode button?

We got less than 40 minutes till 666$.




*Edit: I was wrong, maybe tomorrow at end day or they want to drag this along for 1 more week.

No joke man! We should make another btc speculation thread...cheers m8

Ah yes. Altho I didn’t specify the method of verification.

Technically correct, irrelevant in practice, leading to maximum non-wizard befuddlement… classic Gregory.

That makes your earlier comments even more ironic because they seem to be somewhat out of touch with your actual practice and actions.

These days, it certainly is not difficult to make various efforts to attempt to align your BTC holdings in accordance with your view of their future price performance.  I know that a lot of folks are really disinclined to sell any of their BTC and so they only buy upon dips and continue to HODL, but if they are like you, and if they really believe that there is a decent chance that BTC prices will dip into the $400s, then they should sell at least a portion of their BTC holdings in order to kind of align their investment with their views. The alignment does not need to be precise, but at least a ballparking of such.

If you are only HODLing BTC, and you have no other plans in terms of the future price dip that you expect, then aren't you feeling kind of uncomfortable with the current allocations of your BTC holdings, or do you enjoy living in such high levels of discordance in your life?  I'm not trying to be judgmental of you, because my perception of the whole situation, as i outlined above, seems really strange to me.

@ JayJuanGee  I mostly just hold in cold storage with no intent to trade any time soon. Just a bit of fun for me with a small amount of change.

Not according to gmaxwell. He has stated that Core does NOT verify all transactions since genesis.

I'll not editorialize about what you might want to think about that.

I'm guessing it is still here because it is a thread comparing two alt coins, in a sub dedicated to the discussion of such?

Way to go. A good mayor needs to set an example.

Ok so it wasn't the best of analogies.

I am not really opposed to the idea of a BTC price correction, because my current view (and also recently posted view) was that I was thinking that we could get some price correction potentially down to the lower $600s, but yeah, the lower you go down in price, the lower the likelihood of such a correction taking place.  Not impossible, but becoming less and less probable as you predict lower prices.

Regarding my own BTC holdings, I had noticed that recently on the way up I had kept selling small amounts of BTC (up to $684) and then we have quite a bit of price stagnation in recent weeks without any kind of meaningful downward price correction for me to buy back more than just small amounts, nonetheless, even though I still am inclined to believe that there is a decent chance (more likely than not) odds that a meaningful downward price correction will take place of 5% or more.  Nonetheless, those "more likely than not" odds are not particularly strong, anyhow, and yeah, when you are making bets of BTC prices descending down into the $400s, I kind of wonder whether you are stacking your own BTC holdings in that direction, because it really seems like a losing proposition (or at least pie in the sky) if you are thinking (and betting accordingly) that the odds that BTC prices will go into the $400s is anything greater than 30% at this time.



What are the odds that those folks place on this potentiality of a 6-7% price drop?  80% or so?  If so, they may want to consider investing 20% of their BTC funds at this current price point, just in case they are wrong.. but I understand that many people have difficulties with taking moderate approaches when it comes to their BTC investing and they tend to treat BTC as if they were in Vegas.