Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25501.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: Wary on September 29, 2014, 04:52:52 AM

Quote from: marcus_of_augustus on September 29, 2014, 03:43:05 AM

The exact annualised inflation rate jumps around every day, depending on how many bitcoins were mined in the last 24 hours.

It is around 10-14% currently, but will halve to around 5% at block height 420,000.

Say, 12%. It's not much, but unfortunately if works with "multiplicator": Since only about 20% of bitcoins are in circulation (the rest is on hodl), effect of new coins is 5 times stronger. I.e. this 12% inflation affects prices with the strength of 60% one. That is we need 60% annual user base growth just to maintain current price.

not quite, a portion of the new coins will going directly into the "hodl" category so it is less than your 60% ... and it is not a 60% increase in total number of users but total new funds by users to maintain current price.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

I won't be closing my shorts anytime soon

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: ?? on ??

Meanwhile on coinfloor...

Dat wall...

So solid. Much scare.

I can read your buy order. Nice one though Wink

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: Davyd05 on September 29, 2014, 04:56:32 AM

Quote from: prophetx on September 29, 2014, 04:55:44 AM

going to the Moon is a choice we make

Were stocking fuel for Mars, don't cha know?

going to Mars is a suicide mission until they can have a space station around Mars

edit:

which i don't think the current world leadership is capable of the kind of long term planning that is required to achieve that...

MemCiD

member

Activity: 70

Merit: 10

Honestly.. I think it'll bounce back up today!

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Wandererfromthenorth on September 29, 2014, 04:50:28 AM

Quote from: wachtwoord on September 29, 2014, 04:45:12 AM

Quote from: Tzupy on September 29, 2014, 04:44:26 AM

Quote from: ?? on ??

Last year aoriund this time btc entered the rally

Will history repeat itself?

No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. Cheesy

People would have given the same answer last year when the market dropped after SR got taken out Wink

But the SR crash was a totally different situation AND type of crash. The two scenarios have 0 in common.

Haha, you're saying it's different this time? Cheesy

Ah well, it might be, it might not. Short term my opinion is as good a guess as anyone's.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: prophetx on September 29, 2014, 04:55:44 AM

going to the Moon is a choice we make

Were stocking fuel for Mars, don't cha know?

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

going to the Moon is a choice we make

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: wachtwoord on September 29, 2014, 04:45:12 AM

Quote from: Tzupy on September 29, 2014, 04:44:26 AM

Quote from: ?? on ??

Last year aoriund this time btc entered the rally

Will history repeat itself?

No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. Cheesy

People would have given the same answer last year when the market dropped after SR got taken out Wink

yes but last year was a different situation. we had willy bot on mtgox buying up BTC that was no longer held by the exchange (or in the processes of being fleeced).

this year we have a glut of ASICs causing block times to be in the 8 minute range which means that the daily supply of BTC is 20% higher than it should. also several very large early wallets moved at the end of 2013 and the first half of 2014.

i actually bought back in right after the SR drop...

Wary

hero member

Activity: 798

Merit: 1000

Who's there?

Quote from: marcus_of_augustus on September 29, 2014, 03:43:05 AM

The exact annualised inflation rate jumps around every day, depending on how many bitcoins were mined in the last 24 hours.

It is around 10-14% currently, but will halve to around 5% at block height 420,000.

Say, 12%. It's not much, but unfortunately if works with "multiplicator": Since only about 20% of bitcoins are in circulation (the rest is on hodl), effect of new coins is 5 times stronger. I.e. this 12% inflation affects prices with the strength of 60% one. That is we need 60% annual user base growth just to maintain current price.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Wandererfromthenorth on September 29, 2014, 04:50:28 AM

Quote from: wachtwoord on September 29, 2014, 04:45:12 AM

Quote from: Tzupy on September 29, 2014, 04:44:26 AM

Quote from: ?? on ??

Last year aoriund this time btc entered the rally

Will history repeat itself?

No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. Cheesy

People would have given the same answer last year when the market dropped after SR got taken out Wink

But the SR crash was a totally different situation AND type of crash. The two scenarios have 0 in common.

History rhymes, not repeats.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Quote from: wachtwoord on September 29, 2014, 04:45:12 AM

Quote from: Tzupy on September 29, 2014, 04:44:26 AM

Quote from: ?? on ??

Last year aoriund this time btc entered the rally

Will history repeat itself?

No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. Cheesy

People would have given the same answer last year when the market dropped after SR got taken out Wink

But the SR crash was a totally different situation AND type of crash. The two scenarios have 0 in common.

Davyd05

hero member

Activity: 574

Merit: 500

Patience is all I need. However it be nice to see the bears get it together and create a new low. Failing to do so since the the era of China ban nd the goxxing.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: wachtwoord on September 29, 2014, 04:45:12 AM

Quote from: Tzupy on September 29, 2014, 04:44:26 AM

Quote from: ?? on ??

Last year aoriund this time btc entered the rally

Will history repeat itself?

No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. Cheesy

People would have given the same answer last year when the market dropped after SR got taken out Wink

Yeah i am not sure I have seen tzupy every give a bullish response. Then again it has been a long bear market.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Tzupy on September 29, 2014, 04:44:26 AM

Quote from: ?? on ??

Last year aoriund this time btc entered the rally

Will history repeat itself?

No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. Cheesy

People would have given the same answer last year when the market dropped after SR got taken out Wink

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: ?? on ??

Last year aoriund this time btc entered the rally

Will history repeat itself?

No chance, after this drop ends and a rebound follows we'll have the biggest drop, which should be scary. Cheesy

jeezy

legendary

Activity: 1237

Merit: 1010

Quote from: mmitech on September 29, 2014, 04:33:57 AM

Quote from: Hunyadi on September 29, 2014, 04:10:14 AM

Quote from: mmitech on May 25, 2014, 05:04:26 PM

OK, I Mourad Ilyes Mlik will honor my word if LTC price wont reach $100 this year, I will pay 20 BTC to windjc later provided address, let other members be witnesses. in fact this will go to my signature.

mmitech, is this bet still valid?

why didnt you take it when you should ? now coming back sounding as a smart ass.... I offered 20 BTC and no one had balls to take it.

It pretty much sounds like it's a done deal. There is no question about if anyone wants to take the bet really.

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: ?? on ??

Last year aoriund this time btc entered the rally

Will history repeat itself?

hoping for a quick 50 $ profit on shroomskit?

Hunyadi

legendary

Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

Quote from: mmitech on September 29, 2014, 04:33:57 AM

Quote from: Hunyadi on September 29, 2014, 04:10:14 AM

mmitech, is this bet still valid?

why didnt take it when you should ? now coming back sounding as a smart ass.

Yes, it was a dick move. You, however, are acting like a smart ass today. Using the f-word and all. Try to be more calm.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25501. (Read 26607066 times)