Even if you come out with a superior technology, (which can be argued already) people are slow to change when it comes to money. No one wants to lose their investment. A fork is fucking scary. Look at all the chaos that happened with Ethereum. And that was an alt-coin with nowhere near the value of Bitcoin. Most people are in this game to make money, not to advance the technology.
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Yeah you are probably looking at a few hundred dollars for any GPU that will get high hashrate. (Most of the newer cards will not be on sale or have a rebate yet since they were just released, so you are looking at the $200-300 range usually.)
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Yes, as sad as it is, Monero will definitely be used for future ransomware payments. I expect the same for any coin that gets decent traction and has strong privacy features. There have been ransomware operations earning upwards of a million dollars a month in payments. That is a lot of new customers buying coins if they shift to Monero. As much as I hate it, we will probably profit because of the innocent people being forced to buy Monero to unlock their files. There is a way to solve the price volatility problem to the vendors. Whenever they get paid x amount, they open a short position of x amount. When the escrow is released they close the short position. If the price of Monero has risen, the escrowed amount has risen but the short position is offsetting it. If the price of Monero has dropped, the escrowed amount of Moneros has dropped in value but the short position has risen and thus offsetting the price drop.
That's actually genius. I always wondered what people who had a lot of money in escrow did to secure their funds against a loss.
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Shit, dropped $1500 on the tables last night. Should have bought and stayed home! One time on my birthday I lost like $500 playing Blackjack, drove home drunk as fuck to get more money, went back to the casino and lost another $500. Not my best birthday lol. I guess Im just lucky I didnt get caught driving drunk. Really stupid move on my part.
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99% of the people here are trying to make a profit. Obviously there are some important ideas being discussed on these message boards. De-centralization of money, freeing ourselves from fiat systems imposed on us by the government, the future of the internet and crypto systems are deep subjects. These are important things to think about and discuss. But you have to realize that this is a small percentage of any population. Most people are happy as long as their bills are paid and they have a job to go to. Your average reader is just trying to pick up some quick tips on which coin to invest in so they can make a few dollars.
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Very interesting. It's definitely good news to see a manager of a large hedge fund like this talking about crypto currencies. I doubt anyone who doesn't already know about Bitcoin would become an investor, but maybe a few who were already considering a small investment will take this as a sign to move in.
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Another guess is that there may be some small ETH holders who want to switch to BTC due to BTC showing some strength lately. I actually think this may be the case for a lot of altcoins. If people are expecting BTC to go up they may pull out of other investments and sit on their coins until we hit the $650-700 mark some people are predicting.
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I'm sure someone who can invest 20 BTC on an altcoin speculation isn't digging through dumpsters to find their next meal. And if these coins make a big gain what will the haters say then? OP will look like a fucking genius lol.
Personally I think both of these coins have potential to make some gains from where they are today, though I don't know what OP paid for them since this post is a month old already and XMR was much higher before the recent dip.
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I think there has to be a decent volume of trading for a coin to crash. Everyone forgot about LTC so no one is trading it. I would be more likely to believe that the price stays the same, although I was really hoping for an increase in price with all the discussion about the hardware wallet development. Somewhere there are people holding onto millions of dollars in LTC. What they decide to do with them is anyones guess.
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Face it, Monero is dead. We all know DOGE coin is the future of crypto. KAPPA FACE NO SPACE.
Seriously tho, now that people are starting to realize how much FUD was going on the price will probably stabilize.
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Everyone was expecting their favorite coin to skyrocket, and now that none of them did, everyone is pulling out. This will lead to some good opportunities if you can predict which coin will go back up. Or maybe everyone will just stay in Bitcoin and the price will go up to $8000 as some have predicted LOL.
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I could only wish for Bitcoin to be worth $8000 each. That would make my small invest actually worth something LOL.
Do people really think such a rise is possible? Its obviously much easier to have something go up in value 100x when the price is very small.
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I predict price to hit $650-700 by the end of the year. Maybe that is just wishful thinking, but everything has been stable for so long, I see no reason for a drop. If you have any free money, now might be a good time to buy a couple coins.
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Right now banks don't care about Bitcoin. But if enough people are using it, and Bitcoin gains enough value, they may become scared and try to kill crypto coins.
Banks are mostly interested in Blockchain technology. Every large financial institution is spending a ton of money to develop and test blockchain. If you can find a company developing this kind of thing and get in on the ground floor, you might stand to make a lot of money.
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Yeah its not worth stressing out over a few dollars. XMR is super volatile right now. It looked like it was about to go back up above 0.011 but now its dropping again. Whatever I still have a couple little miners running and will hope we stabilize and go back up at some point.
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It would be great, but we will probably have to rely on third party sites that accept bitcoin and transfer that money to fiat currency at first. Someone like Coinbase or Circle will probably have some sort of Amazon/ eBay/ Paypal integration. That way these companies can do business with Bitcoin but limit their exposure to risk by letting another company handle the conversion of the coins.
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DOGE is so dirt cheap right now, you wouldn't lose much by investing in it. And if you look at the volume in the last few days, its between 3 and 10 times where it was a day or two ago on most exchanges. Maybe something big is about to happen. I'm investing a few dollars at least.
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Bitcoin prices probably go up around Christmas because of demand. People are buying things online, getting drunk and losing money on gambling sites, taking time off from work to buy drugs on the darknet and get high, all types of good things lol.
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This still seems like a good investment at $2 a coin. Unless the company totally fails I can't see these being worth than less than $5-10 eventually. If they are super successful, you could be looking at $50-100 a coin.
I think you would be crazy to not buy at least a few Factom.
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Do any of the exchanges have rules against using bots? I would be very careful in admitting I used a bot. You might get your account closed and any of your coins seized if an exchange finds out you are doing automated trading. (If it is against their terms of service.)
Also, most people that have a good bot for trading probably programmed it themselves and aren't going to give it out for free.
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