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Showing 20 of 164 results by trader001
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Topic
Board Speculation
Re: Increasing number of early adopters cashing out.
by
trader001
on 22/09/2015, 19:00:46 UTC
All of you that have been paying attention to recent block chain movements and sales have probably seen the ever increasing cash outs by early adopters.
What do you think the reason for this is?

Have a link for reference?
Post
Topic
Board Economics
Re: Bitcoin as a Retirement Account
by
trader001
on 03/05/2015, 13:33:16 UTC
Many will retire poor if they did it last year.
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Topic
Board Speculation
Re: The $250 barrier may be broken this month
by
trader001
on 03/05/2015, 13:32:22 UTC
I'm more interested about $300 barrier, $250 is nothing significant. The price was at 261 on Bitfinex just 3 weeks ago, 300 on the other hand was touched (and even passed) 4 times this year and the price never managed to stay above it.


Shouldn't be a problem to break 300. Cost of mining is way above that price for a while.
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Topic
Board Speculation
Re: What to expect from bitcoin in December 2014?
by
trader001
on 24/11/2014, 18:12:06 UTC
Hi guys.

Today bitcoin value is $356.12 (22/Nov/2014)

I have 3 bitcoins and need $1340 for last days of December, what to do?

My options.

A) Keep the bitcoins, the price will go up!
B) Invest in other coins, Doge and LiteCoin will go up!
C) Sell that 3 btc and take that $1050 and try to earn 1 btc to get that $300.

Im of the idea "If price goes down, get more coins", but if you have a "Option D)" share it please  Wink

Price trend still continue pointing downward.
Post
Topic
Board Bitcoin Discussion
Re: Satoshi ..Private key lost?
by
trader001
on 24/11/2014, 18:11:16 UTC
Not everyone is as wise as Satoshi and want to get himself involved with authority.
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Topic
Board Speculation
Re: Fasten your seat belts.
by
trader001
on 07/11/2014, 15:52:32 UTC
Bitcoin will be over the news all over the world due the silk road bust.
History will repeats itself.


Price went down 20% last time silk road is busted.
Post
Topic
Board Economics
Re: It won't be Bitcoin or any current altcoin
by
trader001
on 07/11/2014, 15:41:31 UTC
I've turned permabear Grin. Bitcoin will be replaced by a POS-coin distributed by a government or a really large organisation, here is why:

All traditional currencies have something in common: they were initially created by an authority in which a lot of people put their faith in, an authority which they didn't mind would benefit from the inflation/creation of the currency. Sure, many of said currencies were officially backed by gold, but people accepted that the backing inevitably would get fractional.

Bitcoin is mostly issued by lucky early adopters / mining-speculators, which is exactly the kind of people that society would hate to see benefit from currency issuance.

The advantages of the incoming competition will end up making bitcoin worth nothing more than collector's stamps. The fact that the competition isn't visible or even existent yet, doesn't mean than it's not coming.

We will see the benefits of cryptocurrencies for humanity, but it won't be Bitcoin, or any of todays altcoins.

The question is when does the collapse of Bitcoin start. Could be 5 years or 5 weeks from now.

Thinking the same way.

Government, after all, have the gun to enforce the law and protect citizens from scammers.


Post
Topic
Board Economics
Re: Currency Wars - the defining crisis of our time?
by
trader001
on 24/10/2014, 14:12:54 UTC
Currency wars is not only battled on the gold front. Asian central banks are manipulating their exchange rates to boost export, transferring their unemployment to other countries

Unemployment is fine if all the unemployed are well fed and entertained.

Which is not the case in the US or Europe.
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Topic
Board Speculation
Re: $350 is VERY important... make it or break it level
by
trader001
on 24/10/2014, 14:10:50 UTC
This is a very important level... I'm sure we will either have a quick bounce up or another continued slow bleed down. I think we will test 400 again soon, what do you guys think?

Next strong support level is below 150 as the rise from 100 to 1200 was quick.
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Topic
Board Speculation
Re: The BTC market is becoming like the alt pump and dump game
by
trader001
on 19/10/2014, 10:13:31 UTC
I also think we may hit below $200 in 2015 when there is a more widespread usage for the coin rather than speculation.
Post
Topic
Board Economics
Re: China will become Super Power ?
by
trader001
on 19/10/2014, 10:11:20 UTC
As a Chinese, I do see my country is becoming more and more powerful. But it's still far behind the US. That's why I still want to do a postdoc in the US.

Academy certification is over supply these days. How much do you think a postdoc get paid compare to an average sales job in US?
Post
Topic
Board Economics
Re: Better Bitcoin Value Estimator/Calculator
by
trader001
on 10/10/2014, 08:08:13 UTC
My best attempt to explain it is this:
If their only existed 100 1 gram gold nuggets, and 1000, 1 gram silver nuggets; than a trade of 1 gold nugget should equal 10 silver right?

Unfortunately, no. Price depends on supply and demand. The demand curves for gold and silver are not the same, so simply scaling the supply curve by a factor of 10 will give you different results, even assuming the supply curves are also the same.

Just look at the actual numbers for gold and silver. Silver is 17 times more abundant than gold, yet gold is worth about 50 times silver.

While price is depended on supply and demand, value alone is depended on demand alone.

When demand picks up, price will go up and there will be more supply in the market.
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Topic
Board Bitcoin Discussion
Re: Can the last Bitcoin, #21,000,000, ever be mined?
by
trader001
on 10/10/2014, 08:05:39 UTC
Is it even possible?

It's all kind of self-perpetuating...how can the last coin even be mined?

Price of bitcoin will either need to go to astronomical level or hash rate has to go down by many folds factor down the road for mining to continue.

And yes, the last block will be mined even if bitcoin price go down to less than 1 dollar.
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Topic
Board Bitcoin Discussion
Re: 400 European Banks Accept Bitcoin Purchase Agreement. FRAUD WARNING!!!
by
trader001
on 07/10/2014, 14:11:55 UTC
short selling bitcoin is as simple as messing with a mysql database the meant to represent a balance of real bitcoins.

i prefer localbitcoins and otc's, where the true blockchain coins live.

offchain trading on mysql databases have been happening for years


Offchain trading can not influence bitcoin price for long without threatening the solvency of the exchange.
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Topic
Board Bitcoin Discussion
Re: Patrick Bryne Sells Cryptographic Snake-Oil
by
trader001
on 07/10/2014, 13:53:02 UTC
Taking desperate measure to increase sales to keep his company alive.

Competition among online retailers are fierce. I am surprise he is able to keep overstock afloat this long.
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Topic
Board Speculation
Re: $301.00 Just hit on Bstamp Sun 11:51 GMT 05/10/14
by
trader001
on 05/10/2014, 12:57:45 UTC
My order this week just got fully filled Cheesy

Is this to do with Russia Ban 2.0? http://cointelegraph.com/news/112668/russia-to-issue-ban-and-fines-for-cryptocurrency-use
Bitcoin Core developer Peter Todd new BTC protocol upgrade? https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/
Cyberattack Compromises 76Mil JPMorgan Accounts https://www.cryptocoinsnews.com/bitcoin-price-analysis-cyberattack-compromises-76mil-jpmorgan-accounts/


 Don't know these days but anyway - Who thinks we are heading lower this weekend?

I will jump in if the price get lower than $200.
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Topic
Board Politics & Society
Re: [Split] WW3 Re: Analysis never ends
by
trader001
on 05/10/2014, 12:54:37 UTC
interesting times ahead, thank you!
Yeah. End of the world will be interesting.

Might be good for the earth if human get wipe out.
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Topic
Board Speculation
Re: Why BTC is having trouble breaking $360
by
trader001
on 02/10/2014, 09:27:39 UTC
Think we might actually see $100 again if nothing change.
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Topic
Board Speculation
Re: Adoption Has Reached a New All Time High
by
trader001
on 02/10/2014, 09:25:41 UTC
Trend is still going down and will remain this way until some good news come a long.
Post
Topic
Board Altcoin Discussion
Re: Price of Doge has raised and it is again falling
by
trader001
on 17/09/2014, 10:30:08 UTC
Supply went of cliff as most miners are mining more profitable coin.

When demand exceed supply, it is naturally the price will shoot up.