I see your "temporary "pump" phase" is ... how you say it? Kaput?
Enjoy your (totally unexpected, as always) "dump" phase

So Spaceman_Spiff is a troll now?

Don't like eBay? Vote with your feet & use Craigslist. Or keep your shit. Or sell it on the roadside, don't care.
Next time find out how much shit costs b4 using it, lrn 2 free market

There's no need to be upset, I like your idea. How about you pay for my time to come over to your shitty house, and if you behave and I like you, I'll let you suck my dick, how would that be?
Or are you gonna backpedal and claim you're too broke?
Where your shitshack at, let's have the addy

Was hard-forked already, will be soft or hard-forked again in the near future. Easy as pie.
Bitcoin isn't tangible, forget stone. Just a bunch of bleeps and bloops, 1s and 0s, memory/gate states in a bunch of Chinese 'puter gear: it's literally *nothing*.
You eat a lot of acid, Miller, back in the hippie days?

Sure. Use that worthless government scrip every day. Granted, BTC fandom is more fun, but ignore the lel, and it's USD all the way

You can also print "I got Assburgers" on a piece of paper or stamp it on a coin, and, while your retardation is almost palpable, it, nevertheless, isn't tangible. The paper is, your Assburgers aren't.
You must learn the words you use before using them, starting with the word "tangible."

Of course USD isn't tangible, lrn to fiat. You guys are like some savage tribe that time forgot, "if I can't eat it/smoke it/fuck it touch it, it ain't worth shit."
USD  is backed by "ability of a nation to collect taxes," i.e. jackbooted thugs, i.e. the military/industrial might of my country.
Bitcoin is "backed by an encrypted decentralised ledger," which is to say NOTHING

Do i own any coin?! Bite your tongue, child! Sure, played with bitcoin in the past, but we all did some stupid shit when we were young.

'The etymology of tangibility shows that in the late 14th century it was used as a “tangible thing, something perceived or presented to the senses”.'

Someone should tell this intilecshual about common/technical/contextual usage, and why it often different from the word's origin. See "intrinsic value" in phil. vs. "intrinsic value" in econ.

@Asrael999: Get back to me about permanence & temporality after Bitcoin has been around for a meaningful length of time.
As it is, 7 years is laughably short, even when compared to the worst of fiat currencies.

Fiat money is not meant to be a good long-term store of value, by design. It's meant to facilitate frictionless commerce. Normal, IRL people do not keep their wealth in their mattress, because that's how you get poor. No more than they use banks of capacitors for long-term electricity storage. The fact that caps will leak down over time doesn't make them worse than batteries, it's a different thing.
Why is this so difficult to explain?

Let me understand this. You convert your paycheck from the US army into bitcoins via BitWage, and then you use Bitwa.la to pay your landlord via a SEPA transfer. BitWage charges you a fee, Bitwa.la charges you a fee, and the SEPA itself is a bank service. So you've added 3 middlemen, fees, and ridiculous complications for what us Luddites do via a seamless p2p cash-in-hand, 0-fee exchange

Why do I feel you're playing me? Other than you never mentioning that you were paying off the filthy fiat loan you got from bankster j00z to buy a house?

And only hours to the (>$15) drop. Not trading advice, have been wrong before.
But not often

Another bitcoin expert was telling me that the price is going up because halving, but ...you tell me it ain't so?

BULLSHIT. Go wash your mouth out with soap. You can't even lie right. (unless you work with retarded people. Do you work with retarded people?)

How is it that you still can't understand that it doesn't matter what money does over time when you pay your bills with it? Once the bill is paid, that money is out of your hands, don't worry about it. You get paid monthly, you pay your rent monthly. What's wrong with you?

Bitcoin and BTCeanies, my friend. Lack of buying panic is one of the things the two have in common.
I, too, remain cautiously optimistic. Let's see how this plays out.

I'm sure you're right. This time it's totally different

And you were doing so well up to here The cost of production does need to below retail price, otherwise you're losing money. "Value" is a different variable altogether, so having price (cost) on one side and "value" on the other is comparing apples to oranges.
Nothing Marxist about any of this.

@TERA, which exchange are you watching?

With you thus far...
That's where you loose me. If you're making hula hoops & you need to sell 10k hulas/day @$5 to make ends meet, and your buddy, the other hula manufacturer needs to do the same, you're both up shit's creek. Him going out of business won't help you much either -- you both grossly overestimated hula demand


I denominate cost in $, how do you denominate value?  Or are you using "value" as just another word for cost?

With you up to here.
What do you mean by "at a loss"? Not below the price of electricity it takes to mine the coin, that just drives you deeper into the red.
There could be some Mexican standoffs where miners may mine at a total loss, to bankrupt the competition, but this is strictly a short-term thing.

OK, let's say you're a miner, and it costs you $1,000 to mine 1BTC, on the average.
1. Miners try to sell coins for $1,000 to cover their costs.
2. No one buys.
3 ? ? ?
Wat do?

---

I'll tell you wat do.
1. You go out of business, go bankrupt, like KNC is doing.
2. You dropping out drops the difficulty (eventually).
3. This drops "production costs" for other miners.
4. When enough miners (1), the miners which didn't drop out are able to sell their coins for what the market is willing to pay, reestablishing equilibrium, per Satoshi's design

Ah, I misunderstood what you were saying, my mistake.
The thing about "shutting off rigs" = "going out of business," and miners with serious money might want to keep mining at a huge loss, to bankrupt the competition.

My understanding is there's very little generosity. If the going stories are true, some of these megamines are set up right next to the spillways of hydro stations, which have insufficient demand due to ghost cities, shitty planning, vast distances to span with ultrahighvoltage powerlines, etc., etc.
Taxes and greased palms are better than the alternative, which is zip

@Elmo re. "There is no greed": There is, just as much, but they have the decency not to turn it into a virtue. Greed is shit, Elmo, greed is bad.
That price, tho... https://youtu.be/1ytCEuuW2_A

We're dealing with hula hoops.
1. Before the first [hula hoop, smart phone, beetcoin] was made, there was exactly zero demand for hulas. Supply generates demand, [plug in some trying network effect analogies here]. The shrewd hula entrepreneur does not aim to satisfy demand, his business plan is to ride the crest of increasing demand, demand that he, himself is helping to create. Accurate estimates become much less likely.

2. The Hula magnate doesn't know how many other disruptive visionaries will manufacture hulas, so tries to reduce his cost of production via economies of scale (helicopter hangars & Chinese chicken coops chuck full of hula gear).

3. There's also the real world. Success of a real business is not a profit/loss balance sheet. Disruptive visionary sells his paradigm-changing brainchild to *investors*, who go on to fund his & his clan's lifestyles while the enterprise is in operation. The investors, in turn, may use the storefront to move large sums of money, etc., etc. The business doesn't need to succeed in the vulgar sense, see nearly every BTC business ever.
 
In my example, both of us will go bankrupt because both of us grossly overestimated hoop demand (which dwindled/failed to materialize). To model beetcoin/halvening situation, our gross revenues are cut in half, so our net goes into negative, because fixed costs. This doesn't assure that both of us *will* go bankrupt, but such an outcome isn't impossible.

Radiant only, no air, much weird radiation, possibly scorching sun.
Prohibitively expensive
Edit: http://physics.stackexchange.com/questions/72179/cooling-down-a-container-in-outer-space

^Respect my inner nerd!  I was around here when mining IPOs were telling people how waste heat wasn't waste heat, how it will be used to heat apartments and how Novec immersion cooling would drive power-generating turbines. It hurt. These scars never heal...

http://i.imgur.com/t6PaXVe.gif

И нa cтapyxy бывaeт пpopyxa

$564. Feels a bit better

No, they won't run out of coins to sell. If the people who own the (what, 16 million?) coins mined up to date, *those coins don't disappear*. They could be sold again and again, at a lower or higher price. Because that's how money works.

Remember BBQ coin? Who forced the shrewd BBQers to sell their precious at a loss? How is it possible that BBQ-flavored monopoly money asset with artificially limited supply is now worthless? According to you, it can only go one way -- to the moon!

Why did BBQ coiners buy BBQ coins, just to sell them for less? WTF is wrong with them? Didn't they realize that BBQ supply is limited, and, at each block reward halvening, their precious is *MATHEMATICALLY GUARANTEED* to double in price? FFS, how stupid those BBQers were! If they just held, they'd be rich as shit!!11!

This sort of willful ignorance, this willingness to cling to religious faith in their precious, that it's the Only True One, a special, unique snowflake, completely unlike scores of schemes structurally *just like it*, is what keeps people stupid and poor

Fuckin' Jews. They're everywhere...

https://youtu.be/XCu4e_1MSCI?t=104
11?

I think I found a buyer for you...
https://np.reddit.com/r/Bitcoin/comments/4n1680/cashing_out_a_big_sum_of_btc_without_getting_in/

Gentlemen, the reason behind the recent bitcoin pump can finally be shared

Companies Are Stockpiling Bitcoin to Pay Off Cybercriminals
https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/

Just sharing the excellent news, brah! Moondance party?
*Do wish dum mainstream press cucks would stop using loaded, archaic language. WTF are "Cybercriminals"? Do they mean paradigm-shifting disruptors?

Zionist shill propagandists continue to victimize crypt0enterprenurs to defend their legacy banking & stifle progress...

I got an even better thing they could do: Call the jackbooted gubermint Jews, and explain how beetcoin criminals are stealing the shekels that rightfully belong in their secret Jew caves.
But hey, feel free call up those companies; share your valuable network security wisdomz.

A survey of 250 IT and security workers at U.K. companies with more than 250 employees. Either a statistically meaningful sample, or it isn't. My personal beliefs are neither here nor there. It's a survey, not even a formal study, I can't begin to guess how accurate it is.
If you feel that ransomware isn't a a real threat, you're mistaken. It's real.

Thank you!! A+++ technical analyzer. Will gladly listen to again.