110% of the Litecoin's value of the amount of bitcoin you want to borrow would be the best.
Good collateral that will be accepted by most (including myself) is altcoins with relatively stable values (such as DOGE/LTC). You'd have to offer about 110% in order to protect the lender from any price fluctuations and escrow is available if you don't trust the lender (better to deal with veteran members).
I dont get it. Why would anyone take loan if he could just convert the altcoin he owns to whatever he needs (BTC or fiat)  |
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I cannot mine in summer even with free electricity. The heat generated is too high and I dont want invest in better climatization just to run minners  |
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First police would need to identify the shop based on the Bitcoin address only.
Wish police is putting so much effort when computer is hacked and Bitcoins stollen...
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And this little piggy went hashing!
#14
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hopefully 750
My address: 15xmRfv9KxFqQdZf2bkXsWRGKDe6YtDwKT
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Its already regulated if you exchange Bitcoins to fiat.
Bitcoins to Bitcoins is harder to regulate, but given how many stupid laws are here, I wouldnt be surprised
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Think... now who have 300GH is making money, in 3 months most of those miners will have 3TH, so what about those people with 1-2GH? They will be like 337MH right now.
Somebody agree with those thoughts?
Yes, mining is crazy business, you need faster and faster miners to keep mining the same amount of Bitcoins as time goes on. |
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I wonder if anyone have a good site(s) where to read news about coins, both newcomers and old timers ?
You may use Alternate cryptocurrencies section here on bitcointalk to read news about altcoins |
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That's BS - because Traders are not responsible for the stability of a currency. Merchants and Customers are. At least when considering BTC as a currency.
How Many Milk Bottles is 1 BTC? And how many Milk Bottles will it be tomorrow .. you see, nobody will sell you milkbottles when he does not know how much the exchange is worth just 24 hours later. And that's the point of stability.
I believe you could buy 20 USB Block errupters for 1 BTC few months ago when 1 BTC = 150. Surprisingly (for you) you coud buy 20 USB Block errupters for 1 BTC few weeks later when 1 BTC = 600. If you make the whole supply chain in one currency, it really doesnt matter how much it is trading against another currency. Bitcoin is meant for future worldwide use as one currency |
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Must be a sick feeling. Well atleast you got a piece of the pie  I just wish i had heard of bitcoin before. And i am 24/7 on the internet for over 10 years, how the heck havent i noticed? If you started 10 years ago...you'd be a multimillionaire right now! =D Bitcoin first block mined in 2009 |
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You can just consider this as some sort of correction .. each correction is HEAVY because BTC has no actual value. The actual value of BTC is the value it has BEFORE the bubble. The real value of BTC is directly connect to usage of it - and that was more or less stable before the bubble - used in "dark places" as a good currency to exchange illegal goods. Doesn't sound good? Sorry, but that's what it is. And THOSE markets will find another currency which will work better than BTC does NOW - because BTC - with this volatility - is pretty useless for everyone and will keep everyone from using it in terms of payment or good exchange.
With more traders and trading volume, Bitcoin will be more stable against another currency. |
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Tip how to avoid bitcoin depression: Check charts about once a month.
works perfectly for me. Last time i checked it was $200+..i check today its $750. Thank you bitcoin. It never crashed for me in last 6 month
You have to stop visiting bitcointalk and stop watching news as well  |
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Its the old saying "buy low, sell high" or the warren buffet saying "be fearful when others are greedy and be greedy when others are fearful."
Best investing advice ever and it works most of the time. |
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2. Only 3rd-party payment processor transfers are banned. That is, you are still permitted to deposit and withdraw to/from BTCChina using your bank account. (This change was made so that China could keep a better track of capital flows for AML purposes.)
3. This is all FUD and nothing has changed.
One of the two makes sence, especially the 3. We would see some official statement if 2. happened I guess |
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How do you all finance your altcoins? Or do you just mine them? The alt coin popularity seems a bit like dot com stocks during the dot com era.
I only mine altcoins for fun. This way I wont feel bad if these altcoins becomes dead. |
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Wow, this is due to China government? What the heck, what do you guys think the long term perspective? without government support, Bitcoin will be dead...
Comments?
China is not free country, so if this surprise anybody, he dont understand what communism mean |
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There are many, however, I really don't recommend gambling since you'll just statistically lose money, and you can get addicted resulting in more losses. You can always play skill games like Poker if you dont like loosing (but you must be better than average poker player ) |
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Ive been writing a guide to free bitcoins and I cant find an explanation for WHY people would run a faucet site. (I know what faucet sites do, and where to find them, just not WHY they are there)
The obvious answer would be advertising, but Id expect most advertisers would want to advertise on more professional looking sites so that doesn't really make sense to me. The pittance paid for just viewing the ads would barely cover the Satoshi they give away.. (I think) and most people getting free bitcoins wont be clicking on the links, so I'm wondering if it is about something else?
I considered it might be about building traffic to a domain name but I cant see how that's useful..finding the one domain name that might actually be valuable to someone selling taps would probably be harder than Bitcoin mining! (I think)
Philanthropic venture to share the love is another possibility but I cant believe there would be thousands of people out there feeling that generous to complete strangers (but maybe Im just a cynic)
Can anyone explain it for me? none of the answers I have found make logical sense.
Laudering bitcoins can be next, you know to help mixing the coins |
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Oneday, since it can't inflate. It's a gold rush right now (well now it's over) and if you got any, you got gold. It will probably stabilise after a time and then rise but that depends on the inflation of other currencies.
Yes the inflation of USD will help increase Bitcoin price over time (as long as Bitcoin is used) |
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OP got back in at some point and posted in spec forum that he sold everything from like 350-445
OP has conservative trading strategy, and it works, but just holding is much better I believe |
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