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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27892. (Read 26634313 times)

hero member
Activity: 667
Merit: 500
Around ten years from now only 450 or so coins will be mined per day.  There's only ever going to be 21 million regardless of how quickly any of us manage to get our hands on them.   Cool

21 milion will be mined for 120 year, regardless of mining speed (network hashrate),
but bitcoin will dies for next 5-6 months.

This is a pedantic observation, but since you're an obvious substanceless troll, it's worth pointing out that it does depend on hashrate, because retargeting is never perfect to exactly 10 minutes over a difficulty period, so in the face of increasing network hashrate, the rate at which new coins are mined does depend on how fast the hashrate is growing.
legendary
Activity: 3934
Merit: 11405
Self-Custody is a right. Say no to"Non-custodial"


See my above post: I don't think it's a problem as long as bitcoins are legal, and I would not at all be worried about buying or selling bitcoins on localbitcoins. All I'm saying is if bitcoins became illegal, catching you purchasing or selling them through an ad would not be considered entrapment under current law.

I believe that this entrapment only becomes an issue if you are selling BTC on Localbitcoins, and your buyer starts to tell you that they are going to do illegal activities with the bitcoins.  I don't know why the fuck anyone would want to tell me what they are going to do with their bitcoins b/c I could give one flying fuck about how they are going to use them.  However, if someone starts to tell you what they are going to do and it is illegal activities, just refuse to sell to those people.  They may be feds.  The feds need the piece of information that you knowingly sold to someone who is engaged in illegal activities to facilitate their operation and you become an agent... I think that this whole situation and govt conduct is bullshit in this area, but that is what the feds are doing in order to charge BTC sellers with crimes.
legendary
Activity: 2044
Merit: 1005
Around ten years from now only 450 or so coins will be mined per day.  There's only ever going to be 21 million regardless of how quickly any of us manage to get our hands on them.   Cool

21 milion will be mined for 120 year, regardless of mining speed (network hashrate),
but bitcoin will dies for next 5-6 months.

Even without mtgox demand outstrips supply by 10x atleast. Look at avg daily volume divide by 10. Now you know your answer if you know 1+1=2 gluck.
sr. member
Activity: 308
Merit: 250
Am I a pro trader now that I've said BTC will be reach $460 on may 1st?

Anyways. Lets get out of this fucking 400 zone.
sr. member
Activity: 406
Merit: 250


I think 2140 year is the end, 21 000 000 bitcoins will be mined.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 406
Merit: 250
Quote
135000 new bitcoin every month x  current exchange rate $ 450 = $ 60750000 every month
someone needs to pay it for real money. But who ?

You should also be asking, "when?"



is excessive offer bitcoins, and too little money
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
sr. member
Activity: 406
Merit: 250
Around ten years from now only 450 or so coins will be mined per day.  There's only ever going to be 21 million regardless of how quickly any of us manage to get our hands on them.   Cool

21 milion will be mined for 120 year, regardless of mining speed (network hashrate),
but bitcoin will dies for next 5-6 months.
legendary
Activity: 1638
Merit: 1001
Quote
135000 new bitcoin every month x  current exchange rate $ 450 = $ 60750000 every month
someone needs to pay it for real money. But who ?

You should also be asking, "when?"

legendary
Activity: 2338
Merit: 1035
It's just what happens when demand outstrips supply. Wink

every day is generated about 4500 new bitcoins, or, for 30 days 135000 new bitcoin,
but who will to pay for it ?

how many million ( or billion??? ) dose the FED print daily? who pays for that? oh ya it come out of thin air, that's good!

135000 new bitcoin every month x  current exchange rate $ 450 = $ 60750000 every month
someone needs to pay it with real money. But who ?

I'd pay the fucking lot if I had $61 million
It's free money
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
Around ten years from now only 450 or so coins will be mined per day.  There's only ever going to be 21 million regardless of how quickly any of us manage to get our hands on them.   Cool
sr. member
Activity: 406
Merit: 250
It's just what happens when demand outstrips supply. Wink

every day is generated about 4500 new bitcoins, or, for 30 days 135000 new bitcoin,
but who will to pay for it ?

how many million ( or billion??? ) dose the FED print daily? who pays for that? oh ya it come out of thin air, that's good!

135000 new bitcoin every month x  current exchange rate $ 450 = $ 60750000 every month
someone needs to pay it with real money. But who ?
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
every day is generated about 4500 new bitcoins, or, for 30 days 135000 new bitcoin,
but who will to pay for it ?

how many million ( or billion??? ) dose the FED print daily? who pays for that? oh ya it come out of thin air, that's good!

Coins mined today are either pre-sold on contract or being hodl'd for a non-bankrupting price.
legendary
Activity: 896
Merit: 1000
Oke I'm changing to bearish. This whale is just flipping his coins for $10-20 profit, not real buys.

(unless $465 gets eaten, then I wont know what to think)
sr. member
Activity: 546
Merit: 250
The price rises nicely and steadily, but Bitfinex sentiment Index suddenly turned bearish (it has been bullish almost all the time)

https://www.bitfinex.com/pages/stats

what do you guys think? Why be more bearish now than yesterday or two days ago? I was actually becoming optimistic about this recent price raise. Are we for some nasty surprise?



If you are expecting a rise you could be in for a surprise I think. I do not follow the Bitfinex BSI indicator so I don't know how it usually behaves, but I remember that Fonzie was joking that the BSI turning bearish could indicate that it was a good time to buy. But seriously I think Bitfinex BSI indicator is some sort of RSI indicator, so when the market is overbought the BSI will turn bearish and when the market is oversold it will turn bullish. I wouldn't rely on it  Smiley

Edit: Spelling
sr. member
Activity: 406
Merit: 250
It's just what happens when demand outstrips supply. Wink

every day is generated about 4500 new bitcoins, or, for 30 days 135000 new bitcoin,
at the current exchange rate it costs over 60 million dollars,
but who will to pay for it ?
legendary
Activity: 2338
Merit: 2106
https://www.eff.org/deeplinks/2014/04/moral-police-your-checking-account-chase-bank-shuts-down-accounts-adult


this is bullish. the porn industry may be forced out of traditional banking....


pornstars ! the bitcoin community welcomes you. fuck the bankers. not literally, though.
sr. member
Activity: 448
Merit: 250
Bitcoin super-duper-mega-ultra-hyper-node
full member
Activity: 336
Merit: 100
Looks like some serious shorting going on - the sum of swaps on finex is 9.5K (if I remember well yesterday it was 8.5 then 9 then again 8.5).

Exactly, I just commented about it. Seem surprising to me - why shorting now, not a couple days before?

Doesnt seem surprising to me. The price is up a bit, and not with that much volume, so its a "safe" time to short.



I am personally not buying yet - but this rise seems more convincing to me that previous attempts at a rally. True, the volume is still low, but bitcoin supply on exchanges also seems low. Of course shorting two days ago would be in hinsight much worse decision that shorting today. I just meant that I am much more bullish today than 2 days ago - but still not bullish enough to actually buy Wink
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