Quote from: rdyoung on April 28, 2014, 04:10:24 PM

Quote from: mikemikemike on April 28, 2014, 04:00:38 PM

I agree with what you saying about TA, but I'm talking consumer adoption cycles in technologies, these are usually the long-term fundamentials why TA usually sits ontop of those fundamentals to give a day-to-day outlook of the market. New or no news. The market will follow these psychological cycles as they have done for the past few years and will continue to do so until mass awareness

I am not so sure about that. When BTC is mainstream, the masses won't know they are using BTC, it will be the same as email.
You have to also account for the fact that with the # of BTC in circulation all it takes is a few very large investments from etf or other funds to send BTC skyrocketing. Once that exchange in the article and possibly others launch and active trader/investors can get in with ease that will override any psychological cycles.

What you are talking about is the next adoption cycle. It will be kickstarted when all the banks get involved and so do allot of the smaller businesses. As such the last one kicked in when china got involved.

These cycles usually need a big kick for the early stages to form. Is simple bubble economics. The only difference here is the bubble is pegged almost exactly to consumer adoption cycles. This is why the price has been linked to the number of transactions for the past few years. When the next one forms all the news papers will be going crazy and the exposure will be through the roof.

But yeah, it's companies like the one you posted below, doing shit like this, that makes the difference. The only reason the price didnt sky rocket when the atlas ATS news came through was because we are still in a decline from the last adoption cycle. If you think I'm wrong check the graph I posted before and look up technology adoption cycles. Both of those backup completely without fail what I'm saying. How BTC is priced at the moment might seem like its value but its not at all, we won't find it's true value for years to come aslong as their isn't some major fuck up on the BTC network.

No joke though, we could have major news now, like google accepting BTC and it wouldn't even drive the price up past 700, though, if that news came out when we wern't in a decline like we are in now, the price would shoot up 4x.

These cycles and their timings mean 10x more than any news or TA, because basically, BTC is a long way away from its true price. I mean shit, it's only a 6 billion dollar market, we are still major early adopters.

Quote from: Darkstone2 on April 28, 2014, 02:30:09 PM

Quote from: mikemikemike on April 28, 2014, 01:05:42 PM

((BTC Spent x BTC Price)/Number of GH's received) = Price per GH/s

((30x440)/6000)=2.2

Two words: delivery times. I also have the feeling that the numbers quoted by cryptx exclude the costs for PCB's.

The fuck are you talking about? Two words delivery times?! They are delivered within a week of purchase. And of course they exclude PCB costs because we are using the capital from the IPO for PCBs. but i wouldnt expect you to know either of that because it would involve actually knowing somthing about this project instead of just coming here to sprout your unsubstantiated baseless opinion.

And FYI, if those numbers included the costs and rewards of PCBs our price per GH/s would be consistently lower.

It's easy to remove all these previous discussions from the quotes and take your points out of context to make it seem like your making a valid point but your not. Pleaseeee, stop posting. Everytime you post, time after fucking time, you just look more and more like your the idiot or troll I keep making you out to be. You wonder why I keep attacking you personally? Imagine you have someone in your workplace who's new, they have no idea what they are doing but they keep going around saying "this is wrong, this needs to be changed, this won't work" there's only so many times you can correct them before you just tell them to fuck off.