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1121  Bitcoin / Bitcoin Discussion / Re: Bitcoin Dev Sells 50% of his Bitcoin due to 51% threat. on: June 15, 2014, 03:57:30 AM
To be honest, I have looked into Ghash.Io and I dont like anything about them, its hard to even understand their pool, and how it actually works. When I went to sign up I must first become a member of their CEX.io exchange, I dont like that at all, and I have never been able to even get into the mining aspect of their pool. Its really confusing, for me, and just seems like a big run around to me. I dont liken Ghash.io so I dont see why they are so large. I think there is more to that story than we can read on the cover. There seems to be something very weird about that Ghash.io "Pool"

And in addition, if so many people are so worried about thier 51% hashrate why do people keep joining them? and if they didnt want to hit that 51% why wouldnt they just place a stop on new members or hashrate increases on current members? see why i said there are weird things going on there. a few simple steps could stop all the nervousness, and I dont think they are taking those steps other than to say they arent trying to hit the 51% when in reality I think they are doing their best to hit it.
1122  Bitcoin / Bitcoin Discussion / Re: Are people supposed to take huge risks for BTC? on: June 15, 2014, 03:33:28 AM
I only ask this because I would say a fair portion of the community it seems have risked or are going to risk a large portion of their life savings and what not based on speculation that this coin will do well. Do people actually take these gigantic risks and how? I mean in the past week alone the price has tumbled from $600+, maybe even quicker than that. I just don't understand, I'm not much of a risk taker myself because I don't have the capitol or equity or whatever to put into it. Is there something I'm missing? Maybe I should read up about stocks and trading and what not.

Ok firstlet me mention to you I am a forex trader, and the sources you look to get your information from will not work, Stocks are manipulated, and foreign exchange is both colluded and manipulated, so trying to use the stock market and trading is not how you wcan or will find reputable information on bitcoins. Firstly because the people running the show in stocks and forex will lead you astray, they cant get into bitcoin without paying for it, those guys have never worked a day in their life, they have traded, manipulated and colluded their way to riches, and in the bitcoin world that shit just dont work, therefore they will tell you, its gonna fail, it will never hold up, they want you to invest your money in their market so they can legally steal it.

there are ways to get into the bitcoin world "Right Now" that are not so risky, it involves endless hours of work, and determination, but those who really want to get involved and get started still have a chance to do so.

to be honest yu seem like a person who wants to get involved in what would be a long term long position, meaning you seem to be thinking of buying some bitcoins and holding them until the value increases to a place you can sell them, as a trader myself of foreign currencies this is not the time for that for 2 reasons. In my book I am a scalper who looks for quick profits in currency trading all day long, so buying a currency at its lower high is very risky, and the 600+ mark of this currency is its lower highs. I would never buy here, this market has no plausible fundamental factors right now its not old enough and has had to many negative contributing factors to give you a good fundamental analysis. and the second best reason not to buy now is for the price of 1 coin you could invest in minimum 2 S1 Antminers and join a pool and make out better for yourself.

So my advice to you, dont try and compare or get information on a currency that is neither centralized or regulated by the big banks with industries that are regulated, centralized manipulated and colluded by big banks. take you money you want to invest and get ito mining while you still can. You will find with enough research many things about this industry can be misleading, like the consistent degradation of solo mining, "Dont do it" "its useless" dont believe them the 3rd largest findings of coins in blocks goes to Unknown resources not a pool, the third on the list are all those people out there solo mining finding coins every day. I am not telling you to solo mine with 2 S1 ant miners, that would possibly prove to be futile , UNLESS your a very very lucky person haha" what I am saying is it is still possible to grow and get into solo mining before its to late.

Dont take everything you read to heart, do your own due diligence, research look around and make your own decisions based on research and facts, never be the follower, try to be the leader. Smiley

Again just my 2 satoshis worth of opinion Smiley
1123  Bitcoin / Bitcoin Discussion / Re: Paypal surveying about bitcoin. on: June 15, 2014, 03:16:12 AM
http://thecoinfront.com/paypal-is-surveying-its-customers-about-bitcoin/

Dont know how much truth in this news, but if its true then very big news for Bitcoin communities.

I like the idea that Pay Pal wants to get involved, but it will hurt the reputation of what Bitcoin stands for, like with all Pay pal transactions, there are fees on top of fees and fees for the fees they have. everyone has fees, the person sending funds thru paypal gets fees, the person receiving the funds also gets fees. this is completely counterproductive to bitcoin, the ones that know what bitcoin is and how it works would never use pay pal, the ones that are ignorant of bitcoin would make pay pal filthy rich.

The problems Pay Pal faces is its ability to secure transactions, without setting up some kind of escrow, which if set up by paypal would incur yet more fees, there is no way to gurantee a transactions funds for product.

the other problem they face is people like us would not use Pay pal for transactions, we dont need them, Bitcoin itself is a paypal account all by itself, we dont need an online transacting ability to send our coins anywhere, the most they could do to profit from bitcoins is set themselves up to be an escrow company only.
1124  Bitcoin / Bitcoin Discussion / Re: Calling all Bitcoiners: SPEAK OUT against CIRCLE! on: June 15, 2014, 02:45:27 AM
Circle has to be the worst idea in Bitcoin history; a Bitcoin central bank to centralize a decentralized cryptocurrency!  Next thing we know, there will be a Bitcoin Federal Reserve, Bitcoin Fractional Reserve Banking and, of course, Bitcoin INFLATION!

Anyone who supports the idea of DECENTRALIZED CRYPTOCURRENCY needs to IMMEDIATELY speak out against circle and its corrupt CEO Jeremy Allaire.  This is a massive ponzi scheme just waiting to happen.  They are so desperate to attract Bitcoiners that they are giving away a free $10 in Bitcoin just to get you ID-verified on their system.

This is a travesty and I am just dumbfounded that such a company could even get off the ground.  Bitcoiners need to speak out on the forums, blogs, magazines, commenting on articles - SPREAD THE WORD.

This company 'Circle' is gearing up for the biggest ponzi scheme that Bitcoin has ever known.  And if these types of centralized Bitcoin banks are allowed to succeed, it could very well spell the end of Bitcoin and a mass exodus towards other, less commercially-corrupted cryptocurrencies. 

Michael Moriarty

DO NOT DO THIS

Let me give you a lay down of what will happen,

First remember the big bankers, like barclays, JP Morgan Finance, and many many others hate this currency, do you know why, because in order for them to play they must pay, pure and simple, and these guys feel anything worth their investment should be free to join, and expensive for you for them to destroy. they have loads of cash and gold to manipulate any and every other market that is "CONTROLLED", "CENTRALIZED" and "REGULATED" you know who controls and regulates the common currencies, thats right places like Barclays, JP Morgan,  Deutsche Bank, HSBC, Bank of Nova Scotia and a few others. These guys manipulate absolutely anything that is "federally regulated" because they are the federal government. Your presidents, your congressman, those are just pawns on the chessboard of the big banks competiting with each other.

the second you centralize and allow federal regulations on this currency is the same dayb you allow places like JP MOrgan, and barclays bank to step in the door and freely regulate it the way they regulate everything else in the real world.

I say watch the big bankers, watch real gold and silver, and watch how things in those industries are defying all sense of logic, the watch as barclays and JP Morgans finances go thru the roofs aas they collude, and manipulate the markets, and banks like JP MOrgan go 3 yearswithout 1 lost trade in gold, That is impossible, but they do it, how because they know how they will move the market and bid on trades theyb know will bring them in fountains of cash on a daily basis. 4.3 trillion dollars are made daily on the forex market, and 4.29999999999 of those dollars goes to the already rich bankers of barclays and JP Morgan.

Let them destroy their own currency and come begging at the doortep of us to let them in, let them fail and destroy everything they have and be broke, dont let them in willingly to destroy us to. they do enough damage in world currencies, let them sleep in the bed they made for themselves, and beg us to bail them out.
1125  Bitcoin / Bitcoin Discussion / Re: What's your percent chance that Bitcoin will be the "Myspace" of cryptos? on: June 15, 2014, 02:31:29 AM
In a world full of chaos, greed, manipulation, and ignorance, anything is possible, however for the time being Bitcoin is the gold of this industry and it seems Litecoin is the silver. they both seem to follow the same patterns much like Gold and Silver do in the real world. The difference I do see is there are many other coins comping up on litecoin, much faster than real metals come up on silver. As a forex trader it is hard for me not to associate these currencies I deal with in the crypto world to the ones I trade daily with on forex. I honeslty find them to be much like the commodities I trade daily. What i like about the crypto world is there is no paper contracts that can be sold by the big bankers that can cost you thousands of dollars within seconds herein the crypto world.

I like the fact these currencies are not controlled by the big rich bankers, and I hope to see it stay that way. because to be honest I am watching as the big bankers are hanging themselves and bringing the countries down with them as they force their countries into depressions over stupid mistakes that fill their pockets with endless amounts of cash at the expense of the countrys people they are working for.

Bitcoin can only get better with time, the more transactions we make the stronger it becomes, I personally think it would be a very complex task for another currency to step up to the plate face to face with bitcoin, but anything is possible. It would take a lot of work and an even bigger amount of cooperation, but thats not to say it would not happen. just like in forex, just ride that train to profits and step off before it falls, thats all we can do right now.
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