Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20918. (Read 26608244 times)
August 25, 2015, 12:10:37 AM
Someone is buying a lot of tokens for the decentralized ledger.
August 25, 2015, 12:02:30 AM
August 24, 2015, 11:51:04 PM
So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
depends on how you look at it... in the usa the cheaper you mine bitcoins at the cheaper is your income taxes u pay on them . i think the cheaper the coins causes difficulty to drop as well . i dont mine coins, i only trade.. i just happen to know a lil bit about it.. lol.
and Cheaper coins will cause some miners to turn off their machines because they can not reach a break even on cost anymore until price comes up, resulting in an lower adjusted difficulty, so yes.
Absolutely wrong ....... Miners like you are almost 2-3% of miners in network .... the network controls by big companies such as Bitmain that they never turn off their machines ......
They always do mining and in last news they said , we made new chips for doing better mining by lower power watts and higher hashes
Another point is lower difficulty never help to Bitcoin price ........... Maybe it would be worse
Anyway , bitcoin is famous enough and everyone knows BTC now , if it was a Platonist idea or has good innovations and was useful , it must be at higher price in the history of itself ..............
The price is not at higher price , even the price going down over time that means Bitcoin project is failed .........
August 24, 2015, 11:39:04 PM
The five properties of money are:
Recognizability
Fungibility
Portability
Scarcity
Divisibility
By limiting blocksize, cripplecoiners are limiting divisibility. It's not spam. Dust transactions add up. Ask any gold miner selling gold dust.
I buy your product, miners. If it's less divisible, then it's less valuable to me. If it is more expensive to transfer, then it's less portable also and therefor less valuable to me.
If Bitcoin doesn't scale, it will lose market share to an altcoin that does until it is eventually replaced.
Scale or die.
Recognizability
Fungibility
Portability
Scarcity
Divisibility
By limiting blocksize, cripplecoiners are limiting divisibility. It's not spam. Dust transactions add up. Ask any gold miner selling gold dust.
I buy your product, miners. If it's less divisible, then it's less valuable to me. If it is more expensive to transfer, then it's less portable also and therefor less valuable to me.
If Bitcoin doesn't scale, it will lose market share to an altcoin that does until it is eventually replaced.
Scale or die.
August 24, 2015, 11:19:16 PM
18
August 24, 2015, 11:10:04 PM
So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
depends on how you look at it... in the usa the cheaper you mine bitcoins at the cheaper is your income taxes u pay on them . i think the cheaper the coins causes difficulty to drop as well . i dont mine coins, i only trade.. i just happen to know a lil bit about it.. lol.
and Cheaper coins will cause some miners to turn off their machines because they can not reach a break even on cost anymore until price comes up, resulting in an lower adjusted difficulty, so yes.
August 24, 2015, 11:09:50 PM
Trade on bitcoin has a lot of stress because there is no science behind it ............ so when every one sells his/her coins ,, he or she never back to the market again ......... end of bitcoin's story
August 24, 2015, 11:07:07 PM
what I miss this time? how can it be 200 $ from $ 270 in 1 week 
are this problem really bitcoin XT
damn i still hold my bitcoin
are this problem really bitcoin XT
damn i still hold my bitcoin
very simple really... you happen to be on "the roller coaster that makes the previous roller coaster nothing" --adam gubereuz
August 24, 2015, 11:02:54 PM
So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
depends on how you look at it... in the usa the cheaper you mine bitcoins at the cheaper is your income taxes u pay on them . i think the cheaper the coins causes difficulty to drop as well . i dont mine coins, i only trade.. i just happen to know a lil bit about it.. lol.
August 24, 2015, 11:02:25 PM
August 24, 2015, 11:00:33 PM
My understanding is that BIP 100 requires a miner vote for ANY blocksize increase and then it's only marginal.
So imagine the network is bogging down and miners are raking in fees for the big transactions, do you think they will vote to increase blocksize? If you say "yes", are you confident enough to bet your business on it? Your life savings? How is that any better than what we have now? Markets hate uncertainty. We are witnessing that.
Yep.So imagine the network is bogging down and miners are raking in fees for the big transactions, do you think they will vote to increase blocksize? If you say "yes", are you confident enough to bet your business on it? Your life savings? How is that any better than what we have now? Markets hate uncertainty. We are witnessing that.
Giving voting power to the miners is another way to change how the network was designed.
It's is another bad idea as limiting the block size.
August 24, 2015, 10:55:11 PM
So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
Forget XT, it's not going to happen. Some version of bip 100 will likely be chosen. XT is a coup to produce some action.
Production cost is still below current price.
If big enough mines start shutting down you should be far more worried about Bitcoin dying due to how long it would take to find a block than what client is currently running.
My understanding is that BIP 100 requires a miner vote for ANY blocksize increase and then it's only marginal.
So imagine the network is bogging down and miners are raking in fees for the big transactions, do you think they will vote to increase blocksize? If you say "yes", are you confident enough to bet your business on it? Your life savings? How is that any better than what we have now? Markets hate uncertainty. We are witnessing that.
August 24, 2015, 10:52:46 PM
208.1
how sad, how very sad.
how sad, how very sad.
Poor Dorian.
He seemed to enjoy the free lunch though.
It would be so cool if the real Satoshi Nakamoto would come out of the dark and make a strong case one way or the other on the Bips. We need our creator
August 24, 2015, 10:51:58 PM
what I miss this time? how can it be 200 $ from $ 270 in 1 week
are this problem really bitcoin XT
damn i still hold my bitcoin
are this problem really bitcoin XT
damn i still hold my bitcoin
its alot of things all at once when it rains it pours.
August 24, 2015, 10:08:44 PM
208.1
how sad, how very sad.
how sad, how very sad.
Poor Dorian.
He seemed to enjoy the free lunch though.
August 24, 2015, 10:02:36 PM
what I miss this time? how can it be 200 $ from $ 270 in 1 week
are this problem really bitcoin XT
damn i still hold my bitcoin
are this problem really bitcoin XT
damn i still hold my bitcoin
August 24, 2015, 10:02:24 PM
August 24, 2015, 09:58:25 PM
208.1
how sad, how very sad.
how sad, how very sad.
August 24, 2015, 09:39:22 PM
It's always the Chartbuddies I really want to see that are broken.
I was watching the Yankees/Astros game and missed the action. I check in here to see where we're at and it's already done and back over $200 again.
Any chance of getting it fixed and posted in retrospect, Richy? I'd love to see what it looked like.
August 24, 2015, 09:36:28 PM
So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?
Forget XT, it's not going to happen. Some version of bip 100 will likely be chosen. XT is a coup to produce some action.
Production cost is still below current price.
If big enough mines start shutting down you should be far more worried about Bitcoin dying due to how long it would take to find a block than what client is currently running.
dosnt feel planned out or anything but that appears to be what happened.
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