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Showing 19 of 19 results by BitcoinFortune
Re: [2015-11-05] Biggest Bitcoin Exchange OKCoin Suffers Cyber Attack; Price Plummet
If there is a causality between OKCoin's problems and the current plunge in BTC price, then that would suggest that recent reports of China being the BIGGEST PLAYER in Bitcoinistan are true.
And it could be true! I have seen nothing that would tell me that US HODLers of BTC have been dumping them (although I recently spent some on gold).
Chinese bitcoin exchanges are the world's largest. This is no doubt about that, even if you discount their trading volume by 90% due to 0% trading fee.
My guess is 10.000$ all time high before block halving.
Call me crazy or whatever you want, but I believe in this. We wait for 2 years. Now it's our time!
Call me crazy or whatever you want, but I believe in this. We wait for 2 years. Now it's our time!
$10k is only possible after 2020 block halving. At that time, the block halving is not as important as the block reward is relatively small. With 17 million bitcoin, $10 price increase means $170M market capitalization increase.
Satoshi could be a big whale if he wanted too. I hope that he wont decide to dump his coins on us xD.
He shall not dump his coins. He can spend the coins slowly or invest in bitcoin related business to promote bitcoin further.
some player powerful enough to manipulate the market. Usually has negative meaning. Whales usually make large profit at the cost of others. But many people want to be whale.
If you have time, you can search for London Whale.
https://en.wikipedia.org/wiki/2012_JPMorgan_Chase_trading_loss
If you have time, you can search for London Whale.
https://en.wikipedia.org/wiki/2012_JPMorgan_Chase_trading_loss
There comes a time when it all ends up with this: You have to take a decision on where you are at, and you can only have 2 options
1) You get on Bitcoin now and acknowledge his potential then reap the benefits later
2) You keep being a skeptic/hater and become a laughin stock later, just like the "the world doesn't need computers" guys.
1) You get on Bitcoin now and acknowledge his potential then reap the benefits later
2) You keep being a skeptic/hater and become a laughin stock later, just like the "the world doesn't need computers" guys.
I remember the head of IBM said the world only needs 10(?) computers.
We need bitcoin and other crypto currencies to succeed to enrich our lives and liberate us from perpetual fiat inflation.
Seems like BLOCKCHAIN is becoming the hit word. People don't like what bitcoin is associated with...so, bitcoin is now blockchain! This is now blockchaintalk.org
Blcokcahin is really a revolutionary technology. It can help organizations to simplify their ledger system and can cut cost.
We did fall down all the way to $307 on Bitfinex. I think that everybody are in a waiting mode at the moment and people are waiting for someone to make a move with a huge sell or huge buy.
I hope we will stay above $300 though. It would be great to form a floor here!
I hope we will stay above $300 though. It would be great to form a floor here!
Staying around $300 (280-320) is fine. Bitcoin will not die easily. There are more usage for bitcoin now. It has bright future.
There are some shops doing discounts but they don't accept Bitcoin yet. I think the best gift we can have for Halloween is this uptrend. I would rather take an uptrend than take a discount to buy some lame monster dress or whatever.
The steady rise of price is all we want. We do not want the price to be too volatile. Slow rise is fine to us.
Nice that Bitcoin gets some free advertising.
Bitcoin? No. Blockchain? Yes.
The actual story on Bitcoin in the Economist doesn't hail Bitcoin as a currency, it appreciates the blockchain technology behind it and predicts that banks and other businesses can create their own blockchains for whatever use they see fit.
Yes. The article is mainly about the blockchain technology. It also mentioned Ethereum, which is block chain as well as a platform for many usages.
Hmmm, where is the option for $350 or less?
$350 will most likely become the new $300, and I expect a lot of investors to sell off once the psychological number hits. China shouldn't be used as proof otherwise, since the equivalent of $350 in their currency isn't any special number, and 0 free trading allows them to stray further from the overall market.
$350 will most likely become the new $300, and I expect a lot of investors to sell off once the psychological number hits. China shouldn't be used as proof otherwise, since the equivalent of $350 in their currency isn't any special number, and 0 free trading allows them to stray further from the overall market.
The OP does not think the price will stop at £350 or less. If the price rise only $1-3 a day, it can run very long.
It will of course find a new equilibrium sometime, and it will probable overshoot first, than slowly go down until it hits the equilibrium price. But I wouldn't be surprised if the new base price would settle somewhere around $1800. Overshooting to $3000 or $5000 isn't unlikely at all.
If anything above estimations are most likely too cautious even.
If anything above estimations are most likely too cautious even.
$1800 could be the top of this bull run. Then it might drop again to $900 or lower as it did before. If this bull runs slowly, it might not drop below $900.
The current bull will go to around $2000, then it will drop to test $1200 again. I do not know how long it will take to achieve $2000. If it runs very fast, then it could even drop below $1200.
Re: [2015-10-29] The Economist: The great chain of being sure about things
I like this bit:
" All sorts of companies and public bodies suffer from hard-to-maintain and often incompatible databases and the high transaction costs of getting them to talk to each other. This is the problem Ethereum, arguably the most ambitious distributed-ledger project, wants to solve."
" All sorts of companies and public bodies suffer from hard-to-maintain and often incompatible databases and the high transaction costs of getting them to talk to each other. This is the problem Ethereum, arguably the most ambitious distributed-ledger project, wants to solve."
Well I doubt some of the exchanges or any sites will have a Halloween Promotion or Giveaways but with the current kick in price this is the best "promotion" that happen this season. 
The price is irrelevant if you hold you coin for long term. The price rise might make you feel excited. But you cannot sell. If you do, you might have to buy back at a higher price.