Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24795. (Read 26713252 times)
October 31, 2014, 05:00:30 AM
October 31, 2014, 04:34:20 AM
I think China finally figured out what really have happened on Bitfinex and now everybody started to correct the effects of mistakes.
October 31, 2014, 04:27:52 AM
Hashrate has skyrocketed
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
Because Bitcoin is dying, people are throwing more money into mining.https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
according to KNC, the mining cost of bitcoin is significantly below $400, i think it's around $170 per coin and they are trying hard to mine more and dump more
KNC 3T miner at 1710 Watts: $5995 (of cause the cost of manufacture is under $3000)
mine 1 bitcoin: 3.412 week, Power Cost: $98
let's say you mine 50 bitcoins and stop mining, cost per coin: $158
October 31, 2014, 04:18:38 AM
There were altnets, some of them obvious scams (Minitel), others were usefull for experimenting. They have pretty much all disapeared. Does this apply to cryptocurrencies. Maybe.
Quote from: Erdogan
Don't forget history. The Internet is the name of the current cluster of interconnected local nets based on the internet protocol. Before the Internet, there were a dozen networks, not called internets, but which had the same potential and aspiration of being global. Also, Gates wanted to make a distinct internet built on the internet protocol, but that didn't work out. The current Internet grew organically among competing nets to be omnipotent. It will stay like that for the immediate future.
Internet is the main network. All others are the local nets.
Bitcoin is the mainchain. All others are sidechain.
Very possible.
October 31, 2014, 04:01:22 AM
There were altnets, some of them obvious scams (Minitel), others were usefull for experimenting. They have pretty much all disapeared. Does this apply to cryptocurrencies. Maybe.
October 31, 2014, 04:00:31 AM
October 31, 2014, 03:55:40 AM
Will there only ever be 21 million checks?
Will there be only one cryptocoin?
This is really an interesting question. What is stopping the creation of Internet 2, Internet 3, and so on?
And yes, this question is really answering to the previous question, similar to the other thread on "Answering the question with another question".
Don't forget history. The Internet is the name of the current cluster of interconnected local nets based on the internet protocol. Before the Internet, there were a dozen networks, not called internets, but which had the same potential and aspiration of being global. Also, Gates wanted to make a distinct internet built on the internet protocol, but that didn't work out. The current Internet grew organically among competing nets to be omnipotent. It will stay like that for the immediate future.
October 31, 2014, 03:52:31 AM
Hashrate has skyrocketed
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
~10 percent is now a "sky rocket" in bitcoin land? What happened while I was gone?
October 31, 2014, 03:46:55 AM
Hashrate has skyrocketed
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
Because Bitcoin is dying, people are throwing more money into mining.https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
Huh
i kept rereading this but it still makes no sense. Sarcasm?
October 31, 2014, 03:45:44 AM
Hashrate has skyrocketed
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
Because Bitcoin is dying, people are throwing more money into mining.https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
Huh
i kept rereading this but it still makes no sense. Sarcasm? October 31, 2014, 03:44:13 AM
Will there only ever be 21 million checks?
Will there be only one cryptocoin?
Ugh Jorge. I didn't know you responded to me but people will insist on quoting you driving me to respond to your idiocy.
Yes there is more than one cryptocoin.
I started one today with the exact same code as bitcoin but with one difference, it's called bitcoin2.
It has a network difficulty of 1 and is completely useless.
But yes let us pretend that network strength is not a factor. You've been "intellectually trolling" us here for a year or so, almost gaining hero status, but have failed to learn/acknowledge the most simple elements of what bitcoin is, what cryptocurrencies are, and what the relevant factors are in their utility and reliability.
The answer to Jorge is yes, for all practical purposes there will be only one cryptocoin, which is bitcoin.
October 31, 2014, 03:43:06 AM
Hashrate has skyrocketed
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
Because Bitcoin is dying, people are throwing more money into mining. https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
October 31, 2014, 03:38:31 AM
Hashrate has skyrocketed
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
https://blockchain.info/sv/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
Any reason why?
October 31, 2014, 03:22:38 AM
I started one today with the exact same code as bitcoin but with one difference, it's called bitcoin2.
It has a network difficulty of 1 and is completely useless.
It has a network difficulty of 1 and is completely useless.
Where can I buy some of your bitcoin2s?
Will you trade BBQ coins for them?
October 31, 2014, 03:00:33 AM
October 31, 2014, 02:19:36 AM
The Bank of Japan just announced QE. Yet another reason for the existence of Bitcoin.
Huge adoption on November in Japan:
1. Kraken Launches in Japan
2. GMO-PG Enables 48000 Merchants Using Bitcoin as Payment Option
3. BitFlyer Rises $236000
4. Rakuten Accepts Bitcoin
Silly numbers != huge adoption
There is a virtual currency in Japan already called BitCash since 2002.
It's not difficult for Japanese to adopt another one especially in online markets.
Ah, I thought we are talking bitcoin. There are many "virtual currencies", "e-money" or whatever you want to call them worldwide. Now, this hasn't helped bitcoin adoption much worldwide so far has it? Neither will it in Japan.
October 31, 2014, 02:11:02 AM
The Bank of Japan just announced QE. Yet another reason for the existence of Bitcoin.
Huge adoption on November in Japan:
1. Kraken Launches in Japan
2. GMO-PG Enables 48000 Merchants Using Bitcoin as Payment Option
3. BitFlyer Rises $236000
4. Rakuten Accepts Bitcoin
Silly numbers != huge adoption
There is a virtual currency in Japan already called BitCash since 2002.
It's not difficult for Japanese to adopt another one especially in online markets.
October 31, 2014, 02:01:32 AM
The Bank of Japan just announced QE. Yet another reason for the existence of Bitcoin.
Huge adoption on November in Japan:
1. Kraken Launches in Japan
2. GMO-PG Enables 48000 Merchants Using Bitcoin as Payment Option
3. BitFlyer Rises $236000
4. Rakuten Accepts Bitcoin
Silly numbers != huge adoption
October 31, 2014, 02:00:31 AM
October 31, 2014, 01:38:43 AM
Good bids @Bitfinex = ppl want to close shorts ASAP ?
Total sum of active swaps 11,784.20 BTC
ehh, that´s not so good, it means that all buys(or a lot of them) in fact were actually shorts that have been closed...
We had about 18000+ before
So, some impatient traders closed their shorts on Bitfinex via rapid market buys rather than slow fishing?
I am really mad at them because they triggered my stop order just a few minutes before I could move the stop price lower as I planned. And now I need to figure out my next move instead of simply waiting for a dump party or to get "stopped" by a real rally. I think it could have been better for all of us if this didn't happen the way it did.
Aaaw you poor trader losing money. I feel so bad for you guys. It just isn't fair is it?
My loss was imaginary. My short was opened earlier. I just planned to close it even lower... So no...
I think it was bad because this kind of price pump won't have a lasting effect. So, people get over-exited about a trend reversal again but get a dump in their face.
1: The one whole closed the big shorts could have earned more
2: I could have earned more
3: overall for BTC: this was a fake pump but that short won't be there as a buffer during the next real dump
But I say that because I don't think it was an intentional price manipulation. However, it can be the case.
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