Definitely just a reason to bubble.
This was public knowledge and should have been well priced in long before we got to it. The next halving is a ways away, so it has little influence over price as of yet, but it will eventually cause a boom as long as Bitcoin doesn't die first.
NO, I'm not saying Bitcoin is doomed, just that a lot can happen in 2 years so you don't know.

Looks to me like no coins are moving at all

Sounds like the start of capitulation

Way to just throw your money away.

Did you know that it takes a 200% profit to break even on a 50% loss?
Something to think about!
It grows exponentially too

I don't get why it MUST be binary. Why is there no middle ground?

If worldwide adoption occurs, then I agree that 6 digits is a safe bet. But then I ask, why should Bitcoin be valued at it's maximum potential right now, when it has not yet reached it's maximum potential? The true value should rise with real use and not just speculative demand, but that real use is, compared to trade volume, minuscule at the moment.

I'm not necessarily saying it's different this time. But you can't exactly say with any amount of certainty that it'll keep going up indefinitely. Just because Bitcoin has always stayed above the previous ATH doesn't mean that it always will. It is still a new technology and has a very real chance of failing in the future. It is code. No code is perfect nor unbreakable.

The point is, yes I'm trolling! But only because you (the permabull, not YOU specifically) think that any argument you don't agree with is just trolling, when in fact both sides are just stating their respective opinions. Since you nor anyone else on this forum knows FOR SURE what the future holds for Bitcoin, I don't think it's fair that you guys say without doubt, that Bitcoin is too big to fail and will make millionaires out of all who share your belief.

If everyone is making money, then no one is making money!

Well, sure! To someone who bought at 4 digits, there would be a bit of bias there.


Fair enough!
I'll try to compile my lists of data and post it up


That isn't how market capitalization works, besides, when there are indeed 1M users then maybe it'll be worth more.
Bitcoin is a terrible store of value except when it's rising. If you were one of the unlucky saps that bought at $1200 where would you be now? You either sold in which case you aren't storing anything, or you are down 60%. I just don't see how that is a good store of value.

Oh maybe you meant a good store of value for those who got in earlier than most???

lol Yep! At that time, it was worth between $5-9.99. Now it may be worth a little more, perhaps $25-50, or maybe $10-35... This is not my own sentiment. This is based on actual use and not the speculative demand.
As a side note; The mining difficulty is based on speculative demand too. I don't care what a miner thinks he deserves for a Bitcoin because he decided to start mining late. If the price hadn't risen (from speculative demand) then there wouldn't be so many miners pumping the difficulty up, and in turn, these prices would not be expected for a mined coin. It's a vicious cycle, but the fundamentals simply do not support this price. Get rich quick boys do.

1) It's only Exponential during rises. This doesn't mean the user base is not expanding, just that it isn't likely that it's exponential right now. Proof would be gladly accepted.
2) Irrelevant! The effect news will have is dependent on the way it is perceived. News is perceived differently in rises than declines.
3-a?) New exchanges are only a short term bump in the overall picture. And "All this new money pouring in..." you guys sound like the Litecoiners when Gox was supposedly going to add LTC to the exchange. Again, it was a short term bump and then leveled off.
3-b?) I don't know what these "sidechains" are, but anyone can read about the development going on in the BTC world if you just look.
4) ...

All this hoopla from a $9.00 rise in price? 

They wouldn't lose all they have if it weren't for their own GREED GREED GREED. In many cases, the supposed "FUD" is justifiable due to real events. You holders just prolong the inevitable in these cases. It's the same for someone who is shorting in an uptrend... They will lose! Besides, Just HODL, it'll always go up, right?  

You talk of greed, when you just want to ride the wave up on the backs of the new suckers.
While you're holding forever, someone is making all the money. Eventually, they will get out and never buy back, then all you holders will really be holding. Holding a bag full of internet tokens! They should buy you some good cheap toys, right? hmm, no!

You are an idiot! you pussy whipped piece of... couldn't you come up with your own name? I bet you took your wife's name in marriage so now mail comes to your house addressed to Mr. & Mrs. BitCh ick. 
Enough with the personal insults
Do you realize how much more money you and your broke ass wife (oops, last one, I promise) could have had if you would learn a little bit about some goddamn analysis? I say money because that's all it's really about in your eyes. It's ok, you can say it out loud. You'll sleep better when you get that off your chest.

Your fundamentals didn't hold your floor at 9-8-7-6-5-400... So you hold it to the ground if it would have went there.

Do you consider Bitcoin a currency? Yes?
Then it is FOREX because it's the EXchange of one currency to another.

Regardless of the class, it is still the trading of a financial instrument which has psychological effects on you and everyone else in the market. That is why TA/EW works for Bitcoin just as well as it does for ANY other asset in the world. I can attest to this since I make good trades every day based on TA/EW. You can't say it's luck because luck is a little more random than that. I'm not perfect, but I definitely have a net profit larger than holding.
You think it doesn't work because YOU can't get it to work for you. You can't decipher what the technicals are telling you so you can't analyze it. And it's ok! But don't come her spouting off about something you obviously don't understand. Those that can, trade. Those that can't (have no business here?) hold. Since you're holding and not buying, get the fuck out of speculation. You already made your speculative move. You don't belong here! There are 20 other sub-fora for you peddle your Bitcoin beliefs.


For you perhaps. Tough luck!


Yet another one who acts like they are doing a service to/for Bitcoin when in fact, is just waiting for a payday.

No!

I mean it could be part of it, but you guys are always looking for an external cause for a correction that was both much needed and expected by those who aren't biased in one direction.

Give it up

This transaction is irrelevant as far as the massive volume in USD we've seen since December. This tx can be swallowed up in a day or two not to mention that you have no idea if those coins were even sold yet. 

I call BS!
There is no way you mined 1000+ BTC with $450 of GPU's starting in 2012 (I was there, and I know what it took to mine a coin). I see only two possible contradictions to my statement:
1) You spent nearly every BTC you mined (as the difficulty rose), on more GPU's to stay productive. In this scenario, you now have very few BTC and a LOT of dusty, wore out cards. Not the best approach.

-OR-

2) You got one of the first ~10 ASIC's off the line. In which case you would have been better off solo mining. We know this isn't the case since you aren't Mr. Gornick or that douche-bag gigaVPS.

Read the article before posting, please!

"This includes ATM machines, which the organization estimates to be over 420,000 in the US alone and 95% of them are estimated to be running various versions of Windows XP underneath."

"April 8 is the last date Microsoft will publish the latest round of security fixes for Windows XP known in the IT departments as the monthly “Patch Tuesday”. "

Sounds like a terrible business plan!
A mining rig should not pay itself off in weeks or even months. No business would ever expect to pay off the "tools of the trade" in such a short time frame. So why should Bitcoin mining be any different?


Is that so yours can be worth more?
Mining with ASIC is pretty cheap as far as electricity is concerned. I don't care about the cost of the ASIC itself, you chose that path. The cost of production is very low, so BTC value (as far as the cost of production goes) is much lower than today.

FTR, I mined with GPU when the difficulty was <100k and the price was single digits, so mining was expensive back then (~$100/GH per month). It all works out in the wash as I'm sure it will for you too, but a mining guild? haha
Who gets to sell first?
Who stops someone else from selling before they're "allowed" to?
Who makes this order? and
Why should the last guy have to be last?
It sounds more like a pyramid scheme than Bitcoin to an outsider.

It would remove a huge amount of USD liquidity. Add to that the panickers, and lack of available fiat and you would be forced into a new price range. It would take time to get "back to normal". It would not be "to da moon" immediately after either

I don't get why it must be binary. Why can't there be a deep correction without complete failure?

Bitcoin doesn't work without the power grid, but it would be even more scarce when computers are wiped from EMP's! TODAMOON   

Seems legit!