Anybody still buying regularly?
Every dip when I can afford it.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24112. (Read 26608500 times)
December 06, 2014, 05:03:03 PM
Every dip when I can afford it.
December 06, 2014, 05:00:53 PM
December 06, 2014, 04:59:20 PM
Anybody still buying regularly?
I'm a HODLER but at a bit of a cross roads right now regarding 'do I stick with what I have' or 'keep buying'.
No positive news at all for a while now but then again no real negative news.
It's all gone a bit boring.....
I'm a HODLER but at a bit of a cross roads right now regarding 'do I stick with what I have' or 'keep buying'.
No positive news at all for a while now but then again no real negative news.
It's all gone a bit boring.....
December 06, 2014, 04:52:01 PM
Everything is going just fine.
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
And the price still stands still. I wonder when the boom is coming...
With all of the mining ROI going away I can see money pouring into the price from people who do the math and realize mining with current hardware + electricity costs (not free) is likely not worth their time.
Better off buying bitcoin directly.
And the cycle continues.....once again.
Mining ROI is still good enough in other countries whre the electricity costs are next to nothing.
Now that mining difficulty has flatlined more miners are obviously keeping some coins rather than buying new HW, thus we might have less supply of coins for a while.
The flat dutifully is great for ROI, I think many mining hardware investments have had a ROI, now the risk (price volatility) discourages growing your mining investment (possibly encourages first time miners though )
I expected the average miner to be saving a higher present of coins so yes I think supply will be shrinking although I don't expect it to reflect in the price until mining becomes marginally profitable.
So a long sideways or a drop and a big ramp.
One of the problems miners have with the current XBT price is that even if you get a good deal from Spondoolies or Bitmain you will probably not make the coins back before the next gen hw hits the market in 2nd quarter of 2015 and make the current gen obsolete. With this in mind "...a long sideways or a drop and a big ramp." is very likely. Of course a sharp price spike might change this, but the more time passes the more dramatic that spike will have to be for it to be worth buying current gen gear.
December 06, 2014, 04:37:47 PM
most of the blockchain traffic seems to be non-payment transactions
What sort of non-payment transactions?
Transactions between addresses that belong (logically or actually) to the same person or entity:
* tumbling
* hotwallet/coldwallet transfers
* wallet management
* deposits/withdrawals to/from accounts in exchanges, casinos, wallet sites, ...
* proof of ownership / solvency
* moving coins as a precaution against theft
* collecting miner rewards
* stress-testing of wallet software
* deliberate stuffing of the traffic
Also transactions where coins change hands but not in exchange for goods and services:
* trading coins for cash or other crypto
* distributing mining pool rewards
* payout of bitcoin profits from company to personal wallets
I don't know why the transactions per day are increasing, if the amount of dollars represented by those transactions has been flat or falling for the last year. Obviously, the average dollar value of each transaction is much less than it was in January/2014.
December 06, 2014, 04:34:53 PM
No reason to be upset, fake fonzie 
December 06, 2014, 04:32:32 PM
I'm sure that NotLambchop would even look worse than the last guy, if he were to leave his safe haven and act out in THE REAL WORLD, he sure is envious of those owning Beanie Babies, Bitcoin and Pink Unicorns.Child abuse can really mess you up for life so it seems.
December 06, 2014, 04:28:13 PM
...non-payment transactions...
That's a bit of an oxymoron.
Any transaction is a payment from one address to another.
December 06, 2014, 04:25:32 PM
Everything is going just fine.
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
And the price still stands still. I wonder when the boom is coming...
With all of the mining ROI going away I can see money pouring into the price from people who do the math and realize mining with current hardware + electricity costs (not free) is likely not worth their time.
Better off buying bitcoin directly.
And the cycle continues.....once again.
Mining ROI is still good enough in other countries whre the electricity costs are next to nothing.
Now that mining difficulty has flatlined more miners are obviously keeping some coins rather than buying new HW, thus we might have less supply of coins for a while.
The flat dutifully is great for ROI, I think many mining hardware investments have had a ROI, now the risk (price volatility) discourages growing your mining investment (possibly encourages first time miners though )
I expected the average miner to be saving a higher present of coins so yes I think supply will be shrinking although I don't expect it to reflect in the price until mining becomes marginally profitable.
So a long sideways or a drop and a big ramp.
December 06, 2014, 04:23:48 PM
most of the blockchain traffic seems to be non-payment transactions
What sort of non-payment transactions?
Promotion transactions etc. - Bitcoin Gamling, Casinos and much more.
December 06, 2014, 04:21:52 PM
ITT: Bulls reassuring each other that investing in BTCeanie BTCabies Bitcoin wasn't the dumbest thing ever.
At least not as dumb as facts and logic suggest it is
At least not as dumb as facts and logic suggest it is
December 06, 2014, 04:15:35 PM
Everything is going just fine.
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
And the price still stands still. I wonder when the boom is coming...
With all of the mining ROI going away I can see money pouring into the price from people who do the math and realize mining with current hardware + electricity costs (not free) is likely not worth their time.
Better off buying bitcoin directly.
And the cycle continues.....once again.
Mining ROI is still good enough in other countries whre the electricity costs are next to nothing.
Now that mining difficulty has flatlined more miners are obviously keeping some coins rather than buying new HW, thus we might have less supply of coins for a while.
December 06, 2014, 04:13:23 PM
most of the blockchain traffic seems to be non-payment transactions
What sort of non-payment transactions?
Didn't you know, you can also send "love" and "wishes" now using bitcoin.
PS: Don't listen too much to that Brazilian whack job called JorgeStolfi, he's one of the most boring trolls ever. Every one of his posts read like a bedtime story.
December 06, 2014, 04:12:55 PM
most of the blockchain traffic seems to be non-payment transactions
What sort of non-payment transactions?
Spam-bitcoins filling up peoples wallets. The most unprofitable scam ever.
December 06, 2014, 04:11:41 PM
Everything is going just fine.
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
And the price still stands still. I wonder when the boom is coming...
With all of the mining ROI going away I can see money pouring into the price from people who do the math and realize mining with current hardware + electricity costs (not free) is likely not worth their time.
Better off buying bitcoin directly.
And the cycle continues.....once again.
Mining ROI is still good enough in other countries whre the electricity costs are next to nothing.
December 06, 2014, 04:09:42 PM
Everything is going just fine.
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
And the price still stands still. I wonder when the boom is coming...
With all of the mining ROI going away I can see money pouring into the price from people who do the math and realize mining with current hardware + electricity costs (not free) is likely not worth their time.
Better off buying bitcoin directly.
And the cycle continues.....once again.
December 06, 2014, 04:06:54 PM
most of the blockchain traffic seems to be non-payment transactions
What sort of non-payment transactions?
December 06, 2014, 04:00:52 PM
December 06, 2014, 03:41:49 PM
Everything is going just fine.
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=90&show_header=true&scale=0&address=
Indeed, everything is just fine. The blockchain transaction volume in USD (minus changebacks) has peaked over the last month, and is almost back to the June 15 level:
https://blockchain.info/charts/estimated-transaction-volume-usd?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0
Like the traffic on the "BipPay.com wallet", whose plots I posted recently, this chart does not support the claim that use of bitcoin for payments is increasing. That use may be increasing, but most of the blockchain traffic seems to be non-payment transactions, so we would not be able to see the increase anyway.
Moreover the current level of blockchain traffic is very easy to fake, and there are many people out there who would be motivated to fake it.
December 06, 2014, 03:35:00 PM
When btc hit peak in Dec 2013 the transactions were around 30k, bow is much higher, more than 80k but the price is 1/3
This is probably due to more miners, and the selling to finance capital costs, and also more adoption of the currency
This is probably due to more miners, and the selling to finance capital costs, and also more adoption of the currency
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