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Topic: wtf is going on?! - page 3. (Read 3299 times)

uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
February 19, 2016, 11:39:59 AM
#35
Someone informed, inform me. Please. As of February 18 2016, what at this current moment is driving the bitcoin value, if anyone has any ideas. Next climb? Support level?!
Horizontal channel. The most boring one, especially for new investors looking for quick bucks. Sit down, relax and observe the price moving between $350 and $415 couple of more times, till we get really close to the halving or there is something really important for bitcoin happening, e.g., block size agreement. Enjoy!
full member
Activity: 154
Merit: 100
♥Bitcoin-Ethereum-Ripple♥
February 19, 2016, 11:31:23 AM
#34
According to this https://en.bitcoin.it/wiki/Controlled_supply if my maths are right continuing on from the approx 4 years between halving, BTC will continue to be mined until the year 2144 (give or take for adjustment) and if the previous halving in 2012 is anything to go off price wise then we're in for a treat  Cheesy
hero member
Activity: 756
Merit: 500
February 19, 2016, 11:22:16 AM
#33
A few things :
-the Chinese are gradually returning from holiday for the Chinese New Year.
-press, both good and bad are exposure for Bitcoin.
-uncertainty in the markets make people move money around.
full member
Activity: 154
Merit: 100
♥Bitcoin-Ethereum-Ripple♥
February 19, 2016, 10:55:51 AM
#32
Another rally. Doesn't look like 500 is out of the question.

$460 - $470 is the next ceiling I believe plenty will be watching for that activity and certainly if it breaks through that then $500 is most certainly reachable  Smiley
newbie
Activity: 11
Merit: 0
February 19, 2016, 10:53:15 AM
#31
Your all very insightful, I'm still new to btc trends and such, thank you all for your answers!
hero member
Activity: 756
Merit: 500
February 19, 2016, 10:13:06 AM
#30
the flow is now again up and up and away, so we better take this oppurtunity to earn with bitcoin we all know that it will be more than in the future..
full member
Activity: 154
Merit: 100
♥Bitcoin-Ethereum-Ripple♥
February 19, 2016, 10:07:10 AM
#29
Edit: I see the hospital have reportedly paid the hackers $17'000 in BTC. I wouldnt have expected them to have admited to paying them anything. I wonder how much they really forked over.

Where is this info please?

Here you go; http://time.com/4228837/hospital-bitcoin-ransom-hackers/

Appreciate it thanks  Smiley I wonder how many hacks occur daily on a global scale relating to BTC ransoms? How many go un-reported and how many are paid off?
copper member
Activity: 924
Merit: 1007
hee-ho.
February 19, 2016, 10:01:51 AM
#28
Edit: I see the hospital have reportedly paid the hackers $17'000 in BTC. I wouldnt have expected them to have admited to paying them anything. I wonder how much they really forked over.

Where is this info please?

the internet? just google "hospital ransom 17k" and you'll surely find it. nvm Paashaas posted an article. the first time I saw that I thought they paid the rumored $3.4M. now that will make the market move.
sr. member
Activity: 504
Merit: 250
February 19, 2016, 10:01:30 AM
#27
Price is rising now, easy to know that i think, and it will rise more and more  now
legendary
Activity: 3512
Merit: 4557
February 19, 2016, 09:59:30 AM
#26
Edit: I see the hospital have reportedly paid the hackers $17'000 in BTC. I wouldnt have expected them to have admited to paying them anything. I wonder how much they really forked over.

Where is this info please?

Here you go; http://time.com/4228837/hospital-bitcoin-ransom-hackers/
full member
Activity: 154
Merit: 100
♥Bitcoin-Ethereum-Ripple♥
February 19, 2016, 09:49:08 AM
#25
Edit: I see the hospital have reportedly paid the hackers $17'000 in BTC. I wouldnt have expected them to have admited to paying them anything. I wonder how much they really forked over.

Where is this info please?
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
February 19, 2016, 09:42:35 AM
#24
Why do people always think someone somewhere knows the answer to this? You could just pull a work of fiction from your own rear end.
legendary
Activity: 2310
Merit: 1422
February 19, 2016, 09:39:23 AM
#23
We are slowly beginning to see the price increase everyone was hoping for and it will continue and speed up until July, nothing else. People who support 2MB blocks can now support Bitcoin classic but the majority of nodes are still Core nodes, so there will be no fork anytime soon either. This is calming down the market a bit and the result is up, up, up!

Well it's more because of China crash INMO
Whatever is the case I hope this upward trend will go steady and slowly in this direction. BTC needs to grow in value becuase its ecosystem can't be based on a such a smaller price. Anyone (I mean mostly all of us Grin) needs to pay the bills here (unfortunately).
sr. member
Activity: 476
Merit: 252
February 19, 2016, 08:52:38 AM
#22
We are slowly beginning to see the price increase everyone was hoping for and it will continue and speed up until July, nothing else. People who support 2MB blocks can now support Bitcoin classic but the majority of nodes are still Core nodes, so there will be no fork anytime soon either. This is calming down the market a bit and the result is up, up, up!

Well it's more because of China crash INMO
legendary
Activity: 1526
Merit: 1001
February 19, 2016, 01:46:22 AM
#21
We are slowly beginning to see the price increase everyone was hoping for and it will continue and speed up until July, nothing else. People who support 2MB blocks can now support Bitcoin classic but the majority of nodes are still Core nodes, so there will be no fork anytime soon either. This is calming down the market a bit and the result is up, up, up!
hero member
Activity: 840
Merit: 1000
February 18, 2016, 05:40:15 AM
#20
When people cash out of ETH...they cash out into BTC....if those people who made a killing in ETH wanted to really cash out....then this is bad for Bitcoin, cos they would sell ETH for BTC, and then BTC for USD.

bad or not, it's still a high possibility.

Every bit of news about bitcoin actually seem to have an effect to its value, the hospital computer hacker may even have an effect.. just read the threads in this section and you'll see some that mentions why a sudden move of price.
Also check the popular blogs like coindesk and the rest.

oh come on. 40 btc is too small amount to make a dent on the price. and the news is not exactly good enough to trigger a rise either.

Unless the Hospital are lying (for obvious reasons), and they did indeed pay the hackers thier 3.4 Million USD?

What are they gonna do?

Just let patients lie around in hopsital without medical staff having access to what the fuck is wrong with them, what medication they are on, etc etc?

The hospital either paid the hackers their 3.4 Million, most of the 3.4 million, or the hackers had a turn of heart, a crisis of conscience at depriving a lot of patients from their medical treatment, and caved in and accepted only 40 BTC for all their troubles, and risk of lengthy prison sentences.
copper member
Activity: 924
Merit: 1007
hee-ho.
February 18, 2016, 05:29:50 AM
#19
When people cash out of ETH...they cash out into BTC....if those people who made a killing in ETH wanted to really cash out....then this is bad for Bitcoin, cos they would sell ETH for BTC, and then BTC for USD.

bad or not, it's still a high possibility.

Every bit of news about bitcoin actually seem to have an effect to its value, the hospital computer hacker may even have an effect.. just read the threads in this section and you'll see some that mentions why a sudden move of price.
Also check the popular blogs like coindesk and the rest.

oh come on. 40 btc is too small amount to make a dent on the price. and the news is not exactly good enough to trigger a rise either.
hero member
Activity: 840
Merit: 1000
February 18, 2016, 05:27:13 AM
#18
Europe is near to the point to fail.
China markets are a bad joke.

People that want to invest moved to something else. Bitcoin.
It may last or not... we'll see. Bitcoin is still under-valuated at this price.

.....and how is it undervalued?

Over $400 for a piece of fucking computer code.....'undervalued' you say?

Bitcoin is a high risk, highly unstable, brazen gravy train venture.....don't go deluding yourself otherwise.

Jump on by all means, but be prepared to jump off at the right moment, otherwise, you will be toast......(the majority who get involved with Bitcoin will lose.....that is a certainty and a fact of markets and life that provides opportunity to the minority)
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
February 18, 2016, 05:24:01 AM
#17
Europe is near to the point to fail.
China markets are a bad joke.

People that want to invest moved to something else. Bitcoin.
It may last or not... we'll see. Bitcoin is still under-valuated at this price.
hero member
Activity: 840
Merit: 1000
February 18, 2016, 05:14:04 AM
#16
ETH dump, apparently. it's diving down like crazee for the past few days. since feb 15 the price went down for about 50% and market cap down by $180M (35%).

What a lot of shite.

People buy BTC...and with that, they buy BTC....

When people cash out of ETH...they cash out into BTC....if those people who made a killing in ETH wanted to really cash out....then this is bad for Bitcoin, cos they would sell ETH for BTC, and then BTC for USD.


Every bit of news about bitcoin actually seem to have an effect to its value, the hospital computer hacker may even have an effect.. just read the threads in this section and you'll see some that mentions why a sudden move of price.
Also check the popular blogs like coindesk and the rest.

This is possible.

If 'they' think that the hopsital authorites are going to be forced to cave into the hacker and buy around 7500 BTC (this is real purchasing....not en-exchange volume ramping or traders back n forth between positions), then 'they' are likely to want to make the hopsital pay as much as possible for those Bitcoin. Why allow the hopsital to buy the BTC for $480, when you can charge em $430?

Edit: I see the hospital have reportedly paid the hackers $17'000 in BTC. I wouldnt have expected them to have admited to paying them anything. I wonder how much they really forked over.
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