the poll should be modified to under "0.000000000000000001" 
Fail:
Bitcoin is inherently only divisible to 8 decimal places.
Topic: Will we see BTC at 1$ in the next few weeks? - page 2. (Read 3049 times)
Fail:
Bitcoin is inherently only divisible to 8 decimal places.
Cost to produce has some bearing on bitcoin exchange rate. When it's trading at $32 and cost to produce is sub-$1 people go long through mining operations. Not much new meat will direct buy. When it's trading significantly below power cost some % of miners may sell rigs to buy directly. New meat will direct buy.
Of course it's speculation. There's just more than one way to play.
Of course it's speculation. There's just more than one way to play.
$1.25 is the bottom as long as difficulty is over 1.5 mil. If difficulty nosedives a la namecoin there is no bottom.
Nonsense. The difficulty is -indirectly- influenced by the BTC trading price, not vice versa. BTC price is not influenced by the number of miners or difficulty at all; the number of BTCs created is constant regardless. The opposite is true, if bitcoin value goes down, more people will find their mining not profitable, stop mining and therefore difficulty will go down to. The same happens when bitcoin prices go up, although there is a ceiling, the number of miner rigs is not unlimited. Either way, none of this influence BTC price.
Thats not say there is a bottom; because there isnt. Current bitcoin price is 99% speculation and 1% demand for actual trade (most of which is probably drugs). Until that changes and bitcoin becomes a real currency used for trade, there is no bottom. If it does over time become a real alternative to paypal&co, then there is no ceiling. Anything inbetween is pure speculation, guessing, hoping and fearing.
Just let us talk about Silk Road again!!
the poll should be modified to under "0.000000000000000001"
$1.25 is the bottom as long as difficulty is over 1.5 mil. If difficulty nosedives a la namecoin there is no bottom.
Total BS. Can you backup your claim please because ATM it sounds like nonsense. Price is NOT linked to difficulty.
$1.25 is the bottom as long as difficulty is over 1.5 mil. If difficulty nosedives a la namecoin there is no bottom.
Will we see BTC at 1$ in the next few weeks?
Jump to: