Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23883. (Read 26711408 times)
December 29, 2014, 02:03:48 PM
I'd give a 90% chance that we'll be breaking below $300 by the end of this week. Each day that goes by as the market is flooded by new blocks, and we lack any major news, is simply creating more downward pressure.
December 29, 2014, 02:00:21 PM
December 29, 2014, 01:51:49 PM
I'm surprised ripple hasn't crashed yet...
It will.
December 29, 2014, 01:49:55 PM
USD is up against almost all other currencies, not only crypto, I find this strange.
usd is finding new oil boom by new methods and technology, nothing is strange about it.
pretty sure oil has nothing to do with it. other countries are devaluing their currencies against the dollar.
December 29, 2014, 01:49:44 PM
I'm surprised ripple hasn't crashed yet...
December 29, 2014, 01:49:01 PM
What I find curious is how those who joined the forum in June (and likely lost half of their investment since then) like to quote pretty numbers from 2 years ago.
Is it too much for you to grasp the idea that he may have been involved in Bitcoin and even bought bitcoins years before joining this forum?
Then again, beartard trolls aren't the sharpest spoons in the knife drawer.
Sigh.
No no no, that's not the problem I'm having. Mr. dakota neat has claimed to have made +2297.74% in two years, and I do understand that people on the internet don't lie.
Wishing to learn how to achieve such stellar results (who wouldn't amirite?), I asked my new friend to teach me. He's fallen rather silent, which is not the usual friendly sharing and exchange of ideas I've come to expect from bitcointalk.
maybe he dont buy bitcoin from bitcointalk...
No no no, allow me to break this down for you in a hypothetical.
Imagine yourself buying a wooden nickel for a dollar.
Your friends, the other investors, also started buying up wooden nickels, in two year's time driving the price to $10 ea.
Having bought your wooden nickels at $1, you proceed to calculate your profit as 1000%.
Easy.
But wait!
Being a wooden nickel believer, you didn't stop buying as soon as the price broke $1. No. You continued buying all the way up to $10, because you are what's called a "permabull."
At this point, you must be beginning to guess what comes next. Your profit is not 1000% but significantly less.
Made significantly less still by the fact that now, the wooden nickel prices have been steadily falling for over a year, and the $10 nickels are now only worth $3.12
"bitcoin is a short term investment" said nobody ever... Except you
You're a special kind of stupid ain't you?
December 29, 2014, 01:48:39 PM
USD is up against almost all other currencies, not only crypto, I find this strange.
it's not really strange. the same thing happened before the 2007-2008 economic crisis.
December 29, 2014, 01:44:56 PM
Dakota just served you up on a bar & grill son.
Damn.
Damn.
December 29, 2014, 01:44:42 PM
What I find curious is how those who joined the forum in June (and likely lost half of their investment since then) like to quote pretty numbers from 2 years ago.
Is it too much for you to grasp the idea that he may have been involved in Bitcoin and even bought bitcoins years before joining this forum?
Then again, beartard trolls aren't the sharpest spoons in the knife drawer.
Sigh.
No no no, that's not the problem I'm having. Mr. dakota neat has claimed to have made +2297.74% in two years, and I do understand that people on the internet don't lie.
Wishing to learn how to achieve such stellar results (who wouldn't amirite?), I asked my new friend to teach me. He's fallen rather silent, which is not the usual friendly sharing and exchange of ideas I've come to expect from bitcointalk.
maybe he dont buy bitcoin from bitcointalk...
No no no, allow me to break this down for you in a hypothetical.
Imagine yourself buying a wooden nickel for a dollar.
Your friends, the other investors, also started buying up wooden nickels, in two year's time driving the price to $10 ea.
Having bought your wooden nickels at $1, you proceed to calculate your profit as 1000%.
Easy.
But wait!
Being a wooden nickel believer, you didn't stop buying as soon as the price broke $1. No. You continued buying all the way up to $10, because you are what's called a "permabull."
At this point, you must be beginning to guess what comes next. Your profit is not 1000% but significantly less.
Made significantly less still by the fact that now, the wooden nickel prices have been steadily falling for over a year, and the $10 nickels are now only worth $3.12
It's more like you are into special wooden nickels made of a specific tree, cut down and uniquely identifiable by it's dna. It's the first kind of wooden nickels that are uniquely identifiable in that way. The problem is there are other people who have done that with other trees, and their wooden nickels have the same properties besides being from a different tree.
December 29, 2014, 01:42:24 PM
What I find curious is how those who joined the forum in June (and likely lost half of their investment since then) like to quote pretty numbers from 2 years ago.
Is it too much for you to grasp the idea that he may have been involved in Bitcoin and even bought bitcoins years before joining this forum?
Then again, beartard trolls aren't the sharpest spoons in the knife drawer.
Sigh.
No no no, that's not the problem I'm having. Mr. dakota neat has claimed to have made +2297.74% in two years, and I do understand that people on the internet don't lie.
Wishing to learn how to achieve such stellar results (who wouldn't amirite?), I asked my new friend to teach me. He's fallen rather silent, which is not the usual friendly sharing and exchange of ideas I've come to expect from bitcointalk.
On an unrelated note, and if it's not too forward of me to ask, what is your current bitcoin position? You seem to be rather testy and irritable, I understand such etiquette lapses are often the result of what's known in the financial circles as "being overinvested."
Is that, perhaps, the cause?
All the best
There's no magic. Buy and Hold.
December 29, 2014, 01:42:11 PM
Why aren't people buying?
Why would people dump at this price?
Some people shouldn't dabble into the world of investments.
Why would people dump at this price?
Some people shouldn't dabble into the world of investments.
I agree! These god damn traders are a plague for the bitcoin technology. They short and dump, now congrats to your $50 profit!! They just have to dump the living crap out of any potential rally
Everybody should just HODL, limit the supply & we can all dump the shit out of this in 10-15 years.
December 29, 2014, 01:30:36 PM
What I find curious is how those who joined the forum in June (and likely lost half of their investment since then) like to quote pretty numbers from 2 years ago.
Is it too much for you to grasp the idea that he may have been involved in Bitcoin and even bought bitcoins years before joining this forum?
Then again, beartard trolls aren't the sharpest spoons in the knife drawer.
Sigh.
No no no, that's not the problem I'm having. Mr. dakota neat has claimed to have made +2297.74% in two years, and I do understand that people on the internet don't lie.
Wishing to learn how to achieve such stellar results (who wouldn't amirite?), I asked my new friend to teach me. He's fallen rather silent, which is not the usual friendly sharing and exchange of ideas I've come to expect from bitcointalk.
maybe he dont buy bitcoin from bitcointalk...
No no no, allow me to break this down for you in a hypothetical.
Imagine yourself buying a wooden nickel for a dollar.
Your friends, the other investors, also started buying up wooden nickels, in two year's time driving the price to $10 ea.
Having bought your wooden nickels at $1, you proceed to calculate your profit as 1000%.
Easy.
But wait!
Being a wooden nickel believer, you didn't stop buying as soon as the price broke $1. No. You continued buying all the way up to $10, because you are what's called a "permabull."
At this point, you must be beginning to guess what comes next. Your profit is not 1000% but significantly less.
Made significantly less still by the fact that now, the wooden nickel prices have been steadily falling for over a year, and the $10 nickels are now only worth $3.12
December 29, 2014, 01:29:35 PM
Why aren't people buying?
Why would people dump at this price?
Some people shouldn't dabble into the world of investments.
Why would people dump at this price?
Some people shouldn't dabble into the world of investments.
I agree! These god damn traders are a plague for the bitcoin technology. They short and dump, now congrats to your $50 profit!! They just have to dump the living crap out of any potential rally
December 29, 2014, 01:23:42 PM
my concern exactly: where is the missing hashing power go?!
HELOOOOO!!!
i told you those miner were mining xpy coin...
btw i think you should goto beginner and help and post question there...
December 29, 2014, 01:23:34 PM
Why aren't people buying?
Why would people dump at this price?
Some people shouldn't dabble into the world of investments.
Why would people dump at this price?
Some people shouldn't dabble into the world of investments.
December 29, 2014, 01:20:42 PM
Been there for weeks.
More like 2 days for now.
December 29, 2014, 01:18:53 PM
So, is it theoretically possible to reconstruct those lost wallets and to get ahold of coins?
Not that we know of. Even if all the network's computing power could be devoted to the task, it would take bazillion years to find the private key of one address by trial and error.
In theory, there may exist some magic algorithm that allows one to do that in a viable amount of time. That would not only break bitcoin but also a lot of e-commerce and e-banking systems. But no one has published such an algorithm, and apparently no one knows how to even start looking for it.
[ ... ]
The bitcoin protocol gives about 3600 BTC (about 1.2 million USD) every day to the miners, no matter what. The fraction that one miner gets from that bonanza is the same as the fraction of the total hash power than he controls. Therefore, each miner who is making profit will want to have as much hashing power as he can, to maximize his profits. That is the reason for the mining race.
Well, I'm stuck here: http://bitcoin.stackexchange.com/questions/22/is-it-possible-to-brute-force-bitcoin-address-creation-in-order-to-steal-money
The math posted there is ok for me but I'm not familiar with crypto so those parts are over my head for now, Anyway, as one can see, there is no consensus among experts. Interesting enough, it seems that one post there clearly reads "It is possible to brute force some Bitcoin addresses, because some people generate their private keys in an insecure manner." and further the author even gives some practical cases! Please have a look at it. Most answers says it's totally impractical if not entirely impossible while few seems to point that it is doable, in principle, but it would require a lot of hashing power (my concern exactly: where is all the missing hashing power going?!) and instead of attempting an attack it would be more convenient to mine directly (yeah, but now the reward is halved so things significantly changed). So... what shall I get out of it?
As about the variance in hashing power, please see my above post (and graph). Maybe I was not clear enough as we may have a slight language barrier on my side.
December 29, 2014, 01:17:04 PM
December 29, 2014, 01:15:54 PM
What I find curious is how those who joined the forum in June (and likely lost half of their investment since then) like to quote pretty numbers from 2 years ago.
Is it too much for you to grasp the idea that he may have been involved in Bitcoin and even bought bitcoins years before joining this forum?
Then again, beartard trolls aren't the sharpest spoons in the knife drawer.
Sigh.
No no no, that's not the problem I'm having. Mr. dakota neat has claimed to have made +2297.74% in two years, and I do understand that people on the internet don't lie.
Wishing to learn how to achieve such stellar results (who wouldn't amirite?), I asked my new friend to teach me. He's fallen rather silent, which is not the usual friendly sharing and exchange of ideas I've come to expect from bitcointalk.
maybe he dont buy bitcoin from bitcointalk...
December 29, 2014, 01:15:03 PM
Bears piss and moan about draw-downs, but the fact is, we're about as drawn down as one would expect. Am I disappointed that COIN didn't list in November? You betcha. Does it cause me to quake and tremble and let coins slip between my fingers to the ground? Not on your life. The BTC market clearing price is within historical variance parameters relative to the log-logistic upward long-term trend curve. And that is extremely bullish. Is it possible to sell now and buy back lower? Almost certainly. Are you likely to successfully do so? Ummm.... no, not bloody likely. These are not Dunning-Kruggerands we're talking about.
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