Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23870.

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Quote from: galdur on December 31, 2014, 08:13:31 AM

The only way this business model makes sense for producers

is that they´re constantly short their own product. Obviously.

Are the producers only the hodlers of it? Who are we then, puppets?

macsga

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Activity: 1484

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Strange, yet attractive.

Quote from: gkv9 on December 31, 2014, 08:10:30 AM

Quote from: galdur on December 31, 2014, 08:07:52 AM

This is called inverse correlation

And what about the factors that I represented? Supply and Demand? Maybe your analysis is true, but everything here is speculated and works on trust and buy/sell of these coins, if I'm not wrong on my side... Wink

EDIT: Did you mean that the sudden decline from last year is due to the increase in the usage of highly parameter-ed mining equipments that people are using today? I believe that during those days too, people were mining and hashrates were high then too...

Also by inverse correlation you mean the price will go to zero? Or will there be an equilibrium? Excuse my ignorance, I'm too fool to understand your theory here...

galdur

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Quote from: gkv9 on December 31, 2014, 08:10:30 AM

Quote from: galdur on December 31, 2014, 08:07:52 AM

This is called inverse correlation

And what about the factors that I represented? Supply and Demand? Maybe your analysis is true, but everything here is speculated and works on trust and buy/sell of these coins, if I'm not wrong on my side... Wink

The only way this business model makes sense for producers

is that they´re constantly short their own product. Obviously.

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

Quote from: galdur on December 31, 2014, 08:07:52 AM

This is called inverse correlation

And what about the factors that I represented? Supply and Demand? Maybe your analysis is true, but everything here is speculated and works on trust and buy/sell of these coins, if I'm not wrong on my side... Wink

EDIT: Did you mean that the sudden decline from last year is due to the increase in the usage of highly parameter-ed mining equipments that people are using today? I believe that during those days too, people were mining and hashrates were high then too...

galdur

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Activity: 616

Merit: 500

This is called inverse correlation

galdur

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Quote from: gkv9 on December 31, 2014, 08:04:00 AM

Quote from: galdur on December 31, 2014, 08:01:13 AM

I guess you haven´t noticed how the more the price of what is being produced (BTC)

tanks the more resources are being put into producing it ?

Have been watching and considering whatever it takes to make or ruin price of BTC... And yes, you may be right on what's being used more and more to produce more coins, but the productivity of it and supply & demand factor are 2 completely different scenarios...

And that's what I asked you to please explain me that how difficulty affects its price?

So you´re not aware of the correlation between increased resources (hash rate) and difficulty ?

gkv9

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Activity: 1246

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!!! RiSe aBovE ThE StoRm !!!

Quote from: galdur on December 31, 2014, 08:01:13 AM

I guess you haven´t noticed how the more the price of what is being produced (BTC)

tanks the more resources are being put into producing it ?

Have been watching and considering whatever it takes to make or ruin price of BTC... And yes, you may be right on what's being used more and more to produce more coins, but the productivity of it and supply & demand factor are 2 completely different scenarios...

And that's what I asked you to please explain me that how difficulty affects its price?

galdur

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Quote from: gkv9 on December 31, 2014, 07:55:48 AM

Quote from: galdur on December 31, 2014, 07:35:32 AM

Last year ? Come on, LOL. Difficulty has gone up like 3000% since then.

Did you mean that difficulty either raises or dumps the price of BTC? Can you please explain how it affects the same?

I guess you haven´t noticed how the more the price of what is being produced (BTC)

tanks the more resources are being put into producing it ?

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

gkv9

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Activity: 1246

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!!! RiSe aBovE ThE StoRm !!!

Quote from: galdur on December 31, 2014, 07:35:32 AM

Last year ? Come on, LOL. Difficulty has gone up like 3000% since then.

Did you mean that difficulty either raises or dumps the price of BTC? Can you please explain how it affects the same?

macsga

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Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: galdur on December 31, 2014, 07:35:32 AM

Quote from: macsga on December 31, 2014, 07:28:38 AM

Quote from: galdur on December 31, 2014, 07:20:11 AM

Quote from: macsga on December 31, 2014, 07:15:15 AM

Quote from: galdur on December 31, 2014, 05:56:16 AM

Estimated Next Difficulty: 43,716,692,155 (+7.57%)

$250 by March.

I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... Grin

What previous rally ?

This thing is down 50 per cent over the last six months.

I'm sorry, I didn't notice you were not here last year.

Quote

Date Registered: 2014-07-25, 13:14:49

Last year ? Come on, LOL. Difficulty has gone up like 3000% since then.

Oh, LOL, yes you're so right. How did I miss that? Grin

Wary

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Who's there?

Quote from: ejinte on December 31, 2014, 06:41:12 AM

Bitstamp is down for me

For me too.

Wandererfromthenorth

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Activity: 742

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Still a few days until the big triangle closes and we get the next big move either up or down.

galdur

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Activity: 616

Merit: 500

Quote from: macsga on December 31, 2014, 07:28:38 AM

Quote from: galdur on December 31, 2014, 07:20:11 AM

Quote from: macsga on December 31, 2014, 07:15:15 AM

Quote from: galdur on December 31, 2014, 05:56:16 AM

Estimated Next Difficulty: 43,716,692,155 (+7.57%)

$250 by March.

I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... Grin

What previous rally ?

This thing is down 50 per cent over the last six months.

I'm sorry, I didn't notice you were not here last year.

Quote

Date Registered: 2014-07-25, 13:14:49

Last year ? Come on, LOL. Difficulty has gone up like 3000% since then.

galdur

hero member

Activity: 616

Merit: 500

Quote from: madmat on December 31, 2014, 07:27:43 AM

Quote from: galdur on December 31, 2014, 07:20:11 AM

Quote from: macsga on December 31, 2014, 07:15:15 AM

Quote from: galdur on December 31, 2014, 05:56:16 AM

Estimated Next Difficulty: 43,716,692,155 (+7.57%)

$250 by March.

I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... Grin

What previous rally ?

This thing is down 50 per cent over the last six months.

You are clearly shortsighted.

Yeah, it´s always going to the moon in the future.

It´s always the same songs.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: galdur on December 31, 2014, 07:20:11 AM

Quote from: macsga on December 31, 2014, 07:15:15 AM

Quote from: galdur on December 31, 2014, 05:56:16 AM

Estimated Next Difficulty: 43,716,692,155 (+7.57%)

$250 by March.

I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... Grin

What previous rally ?

This thing is down 50 per cent over the last six months.

I'm sorry, I didn't notice you were not here last year.

Quote

Date Registered: 2014-07-25, 13:14:49

madmat

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Activity: 966

Merit: 1000

Quote from: galdur on December 31, 2014, 07:20:11 AM

Quote from: macsga on December 31, 2014, 07:15:15 AM

Quote from: galdur on December 31, 2014, 05:56:16 AM

Estimated Next Difficulty: 43,716,692,155 (+7.57%)

$250 by March.

I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... Grin

What previous rally ?

This thing is down 50 per cent over the last six months.

You are clearly shortsighted.

galdur

hero member

Activity: 616

Merit: 500

Clearly what we have here is a question of which supply

dries up first, that of retarded buyers of the product or

that of retarded bankers financing production.

galdur

hero member

Activity: 616

Merit: 500

Quote from: macsga on December 31, 2014, 07:15:15 AM

Quote from: galdur on December 31, 2014, 05:56:16 AM

Estimated Next Difficulty: 43,716,692,155 (+7.57%)

$250 by March.

I presume you don't correlate the hashrate with price; right? Because when the previous rally started it was right after the hashrate surge... you know, just sayin'... Grin

What previous rally ?

This thing is down 50 per cent over the last six months.

ejinte

hero member

Activity: 644

Merit: 500

Quote from: galdur on December 31, 2014, 06:45:04 AM

It´s a pity that bitcoin economics aren´t applied to oil.

I´d love to see them expand operations until a barrel

fetches five bucks.

I think this is what mastercoin and counterparty is trying to do

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