Search content
Sort by

Showing 20 of 40 results by Laketear
Post
Topic
Board Economics
Re: The Halving - Good or Bad for Bitcoin?
by
Laketear
on 21/11/2015, 11:32:33 UTC
Halving will reduce the supply of bitcoin, so it will reduce the price pressure. But in the long term, the effect of halving will be lower.
Post
Topic
Board Economics
Re: Why bitcoin will appreciate forever
by
Laketear
on 09/11/2015, 21:46:51 UTC
Even if the price will make a correction, I dont think we will crash back to 150$ again ,that would be absurd.

Probably a retracement back around the 260$ levels and then probably take off again.

$150 will only happen when there is a disaster. The medium bottom is $250. If the price stays above $250 for another 3 month, the price could go to $600.
Post
Topic
Board Speculation
Re: Hello $500!
by
Laketear
on 04/11/2015, 13:36:15 UTC
We didn't touch 500 on bitstamp. It went to 499.99 and then came down all the way to 485 from there. People dump at 1 cent less, which is funny.
Lol on bitstamp we hit $502 and then it went down to $485.
On the day's range it shows $401.04 - $499.99  . No idea why would you see 502 and I would see less. Probably their way of fooling people and making some money out of it Tongue . JK, but anything's possible.

The price touched $502. The price is $495 now. The price increase is quite made recently. Correction ahead? Or consolidation?
Post
Topic
Board Altcoin Discussion
Re: Is Ethereum about to pull a Cloak?
by
Laketear
on 04/11/2015, 12:37:48 UTC
Post
Topic
Board Speculation
Re: wow dead cat bounce. surprise!
by
Laketear
on 03/11/2015, 21:33:13 UTC
This dead cat has already bounced to $420. It will bounce or jump further. The height is not in sight yet.
Post
Topic
Board Altcoin Discussion
Re: Mining is killing ETH price -- when to buy?
by
Laketear
on 03/11/2015, 10:45:12 UTC
The price of Eth based in USD is quite stable in the last few days. The price based in bitcoin has dropped a lot because of the price rise of bitcoin. The price of Eth might rise to catch up the recent lag.
Post
Topic
Board Altcoin Discussion
Re: Mining is killing ETH price -- when to buy?
by
Laketear
on 02/11/2015, 18:21:36 UTC
The price is still over $1. We may wait for a few month to buy Eth. The dump from the ICO and developers has not finished yet.
Post
Topic
Board Speculation
Re: wow dead cat bounce. surprise!
by
Laketear
on 31/10/2015, 22:29:30 UTC
Where is the floor?

The floor is around $280. If it is breached, then price will drop to $250. With so many news about bitcoin recently, the price will rise eventually.
Post
Topic
Board Altcoin Discussion
Re: Mining is killing ETH price -- when to buy?
by
Laketear
on 31/10/2015, 21:29:49 UTC
There are 72 million premine coins and 2.4 million mined coins. So I think the dump is not caused by the miners but by the developers and ICO holders.
Post
Topic
Board Economics
Re: Why bitcoin will appreciate forever
by
Laketear
on 31/10/2015, 17:35:57 UTC
You can see the price increase is very sharp, so it could be a bubble.

However the global economy is so fucked up,that it could not be as well. It can be just a late reaction of traders worldwide that discover that bitcoin is the real deal.

The price rises so fast. It could be a bubble.

The world economy is not too bad. If 1% of Wall Street money comes into bitcoin, the price will be much higher.
Post
Topic
Board Economics
Re: Why bitcoin will appreciate forever
by
Laketear
on 31/10/2015, 12:46:54 UTC
The current trend of bitcoin is that is is appreciating. The big bubbles and bursts only affect the short term trends.

Surely it will burst soon or later because at one shot prices went up more than 50% so I think there will be a correction soon.

If the price stay here for a few weeks to consolidate, and then rises slowly, there will be no burst. But it is the human nature that we want the price rise very quickly.
Post
Topic
Board Altcoin Discussion
Re: Is Ethereum about to pull a Cloak?
by
Laketear
on 31/10/2015, 10:58:28 UTC
Price goes up and down all the time. As long as there are continuous development in Ethereum, it is a good coin.
Post
Topic
Board Economics
Re: Why bitcoin will appreciate forever
by
Laketear
on 30/10/2015, 19:13:43 UTC
Bitcoin is appreciable as it has less fees while transfering larger or smaller amounts the same fees will be deducted.

There could be more fee if the block size does not increase. If you want fast transaction, you have to pay high fees.
Post
Topic
Board Economics
Re: Why bitcoin will appreciate forever
by
Laketear
on 30/10/2015, 16:52:42 UTC
Bitcoin will always be appreciated of bottom of my heart!  Cool

The supply of bitcoin is limited, unlike US dollar or other currencies. So it will appreciate all the time.
Post
Topic
Board Economics
Re: Why bitcoin will appreciate forever
by
Laketear
on 30/10/2015, 14:17:19 UTC
If bitcoin becomes a widely used currency, the world population is till growing, more things are produced, bitcoin will appreciate.
Post
Topic
Board Bitcoin Discussion
Re: People become believers when they see you pay IRL
by
Laketear
on 30/10/2015, 09:19:50 UTC
Well, let's say in 10 years Bitcoin is widely used worldwide.
What would the fee be for a cup of coffee? Because if it's too high no one will use it for such payments which is a shame. Of course, that's where LN would solve things to make it cheaper, but it's not "inside the chain". It doesn't feel like "real Bitcoin" or something. But I also don't see any other solutions for this problem. Centralized nodes is a worst case scenario.

Bitcoin will be many forms in the future for it to be transacted instantly. Lighting Network or side chain are one of them. But they are still bitcoins.
Post
Topic
Board Economics
Re: Why bitcoin will appreciate forever
by
Laketear
on 29/10/2015, 18:16:09 UTC
i dont think a big whale or what ever who's can control/manipulate the market are really exist,if they do,then why the price didn't dumped/pumped fastly?

The big whale is not a single entity. It can be a collection of wealth groups. When bitcoin is universally accepted, it cannot be controlled or manipulated by a few whales. The competition will be high.
Post
Topic
Board Altcoin Discussion
Re: What happens when ETH = XMR?
by
Laketear
on 29/10/2015, 07:56:09 UTC
Breakout ladies and gentlemen!

Do you mean Eth?

There is no break out for Monero. Maybe a little later, XMR price will rise. Let be patient.
Post
Topic
Board Economics
Re: Why bitcoin will appreciate forever
by
Laketear
on 28/10/2015, 16:06:37 UTC
How are you measuring volatility? This site uses a pretty standard method (standard deviation of returns over a 30-day period) and its results are about what you'd expect after 9 months of range-trading - BTC/USD volatility is lower than it has been historically.

The volatility of bitcoin has been low recently compared to the price fluctuation in 2010-2014. The price is picking up steadily.
Post
Topic
Board Speculation
Re: BTC climbing in a slow stable climb
by
Laketear
on 28/10/2015, 10:57:19 UTC
It's time to be a bit nervous but also optimistic that we will see prices appreciate.
As it is the rise has been fairly steady but not rapid which to me signifies a stable but good increase in the value of Bitcoin to users, and with china having more investors is always a good sign for it.

Steady rise of the price means the value of bitcoin is recognized gradually. So the future of bitcoin is bright.