Gonna need you monkey scrotums to stop trying to scalp 1/10th of 1% profit everytime we try to pass 365.
This is exactly it
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20101. (Read 26710135 times)
November 27, 2015, 07:25:07 AM
This is exactly it
November 27, 2015, 07:00:59 AM
November 27, 2015, 06:00:57 AM
November 27, 2015, 05:08:22 AM
Gonna need you monkey scrotums to stop trying to scalp 1/10th of 1% profit everytime we try to pass 365.
November 27, 2015, 05:00:57 AM
November 27, 2015, 04:51:21 AM
MOON time ?
seriously, it happen because more efficient miner are doubling the hashrate as miner are upgrading them. also new player are investing in mining buzz.
... I don't trade at all, I just watch ... people losing money, mostly.
in any trading some ppl lose and some ppl gain... thats is normal
i
November 27, 2015, 04:51:02 AM
... I don't trade at all, I just watch ... people losing money, mostly.
November 27, 2015, 04:40:31 AM
MOON time ?
seriously, it happen because more efficient miner are doubling the hashrate as miner are upgrading them. also new player are investing in mining buzz.
... I don't trade at all, I just watch ... people losing money, mostly.
November 27, 2015, 04:24:33 AM
And we're going up once more. This is a rollercoaster at the moment and we all know it.
Sure thing is fun as hell! Let's see what this Black Friday brings here
Sure thing is fun as hell! Let's see what this Black Friday brings here
November 27, 2015, 04:21:41 AM
MOON time ?
seriously, it happen because more efficient miner are doubling the hashrate as miner are upgrading them. also new player are investing in mining buzz.
November 27, 2015, 04:11:42 AM
MOON time ?
seriously, it happen because more efficient miner are doubling the hashrate as miner are upgrading them. also new player are investing in mining buzz.
... not so simple but .... there are some simple economics and market dynamics at play here that have been in evidence since from the days of CPU mining and overheating laptops and the fundamentals haven't changed. It's still just hardware burning electricity grinding on a processor-hard problem. Tech, and fabrication development curve has muddied it a little but we are reaching maturity and plateauing with that shortly so it will be back to the original game.
I never realised you guys are so far behind the curve on this stuff ... you need to analyse both hashrate and price curve dynamics together.
There have been several best times ever to buy bitcoin in its short history and they are obvious, miner's know exactly when to buy ... and that is the floor.
November 27, 2015, 04:10:32 AM
This is killing me!!!
November 27, 2015, 04:06:23 AM
November 27, 2015, 04:00:57 AM
November 27, 2015, 03:48:17 AM
MOON time ?
seriously, it happen because more efficient miner are doubling the hashrate as miner are upgrading them. also new player are investing in mining buzz.
November 27, 2015, 03:46:06 AM
http://www.afr.com/business/banking-and-finance/bitcoins-journey-from-money-laundering-appeal-to-teaching-the-banks-20151126-gl9gup
read 'em and weep, the die was cast in 2009 ... some people are simply slow to catch on.
Quote
Chowdhry, a professor of finance at UCLA, was asked by the Royal Swedish Academy of Sciences to nominate a candidate for the prize, and chose Nakamoto because bitcoin "is nothing short of revolutionary".
According to Chowdhry, this will mean huge changes for those working in banking, finance and the law.
"Not only will Satoshi Nakamoto's contribution change the way we think about money, it is likely to upend the role central banks play in conducting monetary policy, destroy high-cost money transfer services…eliminate the 2-4 per cent transactions tax imposed by intermediaries such as Visa, MasterCard and Paypal, eliminate the time-consuming and expensive notary and escrow services and indeed transform the landscape of legal contracts completely,"
According to Chowdhry, this will mean huge changes for those working in banking, finance and the law.
"Not only will Satoshi Nakamoto's contribution change the way we think about money, it is likely to upend the role central banks play in conducting monetary policy, destroy high-cost money transfer services…eliminate the 2-4 per cent transactions tax imposed by intermediaries such as Visa, MasterCard and Paypal, eliminate the time-consuming and expensive notary and escrow services and indeed transform the landscape of legal contracts completely,"
read 'em and weep, the die was cast in 2009 ... some people are simply slow to catch on.
November 27, 2015, 03:41:38 AM
November 27, 2015, 03:36:50 AM
miner doesnt make coin cheaper, total coin emission is fixed. in the end, price depend on demand 
Currently we were talking about the production cost of 1 coin.
Do you expect all miners to go bankrupt in one blow? If not, then what will happen if mining is unsustainably expensive is that the hashrate will drop until sustainability is reached again. Hopefully that rate will be sufficient to secure transactions.
Don't get me wrong, I do think currently security comes with far too high a pricetag. The question is, how much hashrate is sufficient security? The design goal as far as I've read is to make a double spends and other attavks uneconomical, but what does that mean in terms of % of valuation spent on network security per annuum? This worries me. Miners dumping the maximum of what the block subsidy gives them daily doesn't.
Don't get me wrong, I do think currently security comes with far too high a pricetag. The question is, how much hashrate is sufficient security? The design goal as far as I've read is to make a double spends and other attavks uneconomical, but what does that mean in terms of % of valuation spent on network security per annuum? This worries me. Miners dumping the maximum of what the block subsidy gives them daily doesn't.
I expect this to be a fast rolling snowball. When the first miners start go bankrupt and their coins dumped on the market, then it will be harder for the other miners to calm their creditors and make them hope for better times, so now they also need to sell. The mining business has just been built on too high hopes and the more it overheats, the more probable a catastrophic crash will be.
My vision of the future involves more PoS and less PoW, because I think that pure PoW will inevitably cause overheating of mining, while PoS mining would only cause a sharp inflow of funds to the speculator market.
November 27, 2015, 03:29:59 AM
November 27, 2015, 03:23:38 AM
ops i sold all my bitcoins
oh well.
see you later.
lol
oh well.
see you later.
lol
Adam possesed by the bear spirit!! what are you doing!!!! HELL, INSTANT BUY NOW!!!!
I believe that shorting had worked for him once, and now he believes that shorting is the best thing since sliced bread.
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