I personally feel this is another BTC holder trying to raise the value of his investment by attracting more attention to Bitcoin and crypto currencies.
At this point I really don't think a single blogger has all that much effect. What's going on here is being driven by forces much larger than this blog post.
Nope, and that's not my intention here. I want market prices to stabilize. Trying to artificially inflate the rate is counter-intuitive.
the ~1,000,000,000 usd worth of bitcoin transactions (https://blockchain.info/charts/estimated-transaction-volume-...) that happened today alone should be evidence enough that you would have to be stupid or ignorant to think you can move the price of bitcoin with a blog post like that
Thanks, I thought this was an extremely obvious assumption as well.
um it wasn't a billion it was 147 million.
(S)He's talking about an intraday total, not a single transaction.
I don't hold that much BTC (<100 BTC). Honestly think the best uses are in the third world where "bad" money is more prevalent.
Since you said <100 BTC and not <10 BTC I'm gonna assume you have at least 10.
Which is a lot.
It's much closer to 10 BTC right now than 100. I am a miner who liquidates frequently.
Doesn't that show your Bias? If you are a miner you have huge amounts of money invested in sha-256 specific ASICs. Perhaps ten of thousands of dollars worth.
Also by inflating the value of btc you hope to gain more money per liquidation.
Most of my hardware is already paid off. My effective cost per BTC has been well below market prices. Sure I have continued revenue to gain, but I'm only in this position because I believe in bitcoin and want to see the world become a better place.