it's an index page on the domain name mybitcoin.com ... that means whoever wrote that has full access to his server... It's him.
uhm, how does that follow? server might be owned. |
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Did anyone read the second post on the first page of this thread?
When a bunch of people each predict something randomly, the chance of someone being right is high  |
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I mine. I sold at $30.65. I reluctantly sold at $22. I have been extremely reluctant to sell ever since. $10 is ridiculously low in my opinion and I am quite happy to sit on my bitcoins for a while until everybody stops panicking.
+1 |
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Why would they? They will continue to put their orders in, and if miners continue to sell at outrageously low prices, traders will continue to buy. If all the miners secretly got together tomorrow and halted selling for 2 weeks the price would double. However this is a small market, and when you have thousands of people trying to make back thousands of dollars in equipment things will get ugly fast. The market is being flooded by cheap coins because of the new miners that have come into the game. Anyone who bought in with equipment should seriously consider holding on to their coins for at-least a couple of months, cause selling now doesn't help anyone including themselves...
I think the biggest problem is that you have a bunch of finance people literally praying on a bunch of nerds (I include myself thank you). They know how to manipulate this small market, and seriously work us to their advantage. The money that we trade on a daily basis is JOKE money to these people. You think your $10,000 is hot stuff? These people have millions... And they can easily manipulate us into making stupid decisions and giving up our Bitcoins for prices that are simply unacceptable! Just because your fiat reality has you under the ropes doesn't mean your Bitcoin reality needs to look the same way...
We are a community of IT professionals, and IT people are known for knowing "everything". It's time for everyone to start picking up some day trading books, and learn how trading markets work. I don't mean that in any detrimental way, but the facts are true. These *firms* are running huge games on us, and everyone seems to be following them like lost puppy's...
cool story bro  Anyone telling anybody anything less is LYING. If you're a miner STOP SELLING YOUR COINS, they are more valuable than you think. Hold them or if you need to buy stuff buy it in Bitcoins. There is literally enough stores now where you can find almost anything you need in BITCOINS https://en.bitcoin.it/wiki/Trade. Keep the money in the Bitcoin economy till at-least prices stabilize. And start thinking about how to explain this to you (grand-)children one day when they ask: "Daddy, why did you sell bitcoin worth a small city back then just to be able to buy food for the year 2011?" |
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Honestly I just think we have a bunch of new miners who don't know what the HELL they are doing. We are getting killed by the bears because they get a coin and sell it like it's a hot potato. It's time for us miners to begin to see this as a long term investment, and get to work on other projects that will make all our investments WINNERS. +1, I've been thinking that for quite a while now. Why the f... they sell their precious coins prematurely? I've gotten to the point though, where it doesn't piss me off any more, because this is actually a good thing. Money is being passed on to buyers (fresh people amongst them, I hope), who are now "invested" in bitcoin and will help grow it. Back in March/April/Mai I was thinking: "Shit, everyone's holding on to their coins, how is average Joe ever going to get in on this game?". Well, that problem seems solved now. I seem to have greatly overestimated the appeal which the features of this currency would have on people. I thought everyone would react like me, saying: "This is f...ing awesome! Genius Nakamoto thought of everything! Finally online money that actually works and cannot be taken down easily. This will be BIG. Let's become independent from these banksters and finally do away with this modern slavery shit." ... well, you get the point. The greatest appeal for the majority of miners that joined within the last 3 month was probably: "Wow, I can put my GPU to use by generating $$$. I just have to go through some weird "bitcoin" thing first. I don't know wether or not bitcoin will take off and frankly I dont care, because I'm too lazy to think and too afraid to take a risk, so here goes every 0.01 BTC I mine directly to mtgox. I will also constantly complain to pool operators why it takes so long to pay out and why does it take so long to make a transaction again? Shit, I just hope bitcoin won't get hacked again before I payed for my GPU". I know this is a bit hyperbolic, but I think it's a large part of what's happening. Sad really, but part of the mechanics to distribute bitcoin to more people (who will be called "early adopters" at some point, btw |
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Instead you can create yourself your privkey (at least the hex one, 64 characters long, I don't know if all base59 ones are valid they are not because of the checksum) using your own pattern that you know by heart, thus no need to write it
E.g. 1234567890abcdef1234567890abcdef1234567890abcdef1234567890abcdef for 19ffB4HttNCHfY1t3YuErEytCspyHyVMwv
just for fun i sent you 0.02 btc to that imaginary address ...you'll have to now import it quick before someone else does imaginary? it's quite real. importing is not sufficient, I'd also have to send the coins on. |
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Wouldn't getting your private key stolen be the same as getting your wallet.dat stolen?
Yes. |
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I'm sure a lot of you know of this, but let me explain a method for storing your savings that is quite secure and hard to screw up: The idea is to use no wallet. All you need to "store" bitcoins is an address. To use these coins, you need the associated private key. So why not do away with all the wallet.dat securing and fiddling with swapping wallets, securely deleting plaintext versions and all that and just generate a key using vanitygen ( https://bitcointalk.org/index.php?topic=25804.0)?#> ./vanitygen 1
Address: 1JBhAaDAFHRuUjyVrjte6XwSwXpTmGsCSt
Privkey: 5HyBZhJu2UgjA2nUVSF9infL8KMEeCgSguEz8FXoP2FZGG76NiW
Now simply send your savings to that Address (1JBhAaDAFHRuUjyVrjte6XwSwXpTmGsCSt) All you need to store is the Privkey (5HyBZhJu2UgjA2nUVSF9infL8KMEeCgSguEz8FXoP2FZGG76NiW). You need to do this securely, of course (print it out, write down, encrypt and mail to friends, put on super-secret usb-drive, or use some other method) Now when you want to get at your savings later (or verify it's working), you can import the key into any wallet.dat using either the importprivkey rpc command of the bitcoin client (currently still sipa:showwallet patch necessary) or using pywallet. Additional measure for enhanced security: generate the address(es) on a secure machine with no network connection, known to be non-infiltrated. Any problems with that approach? |
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I saved a couple addresses in mybitcoin in a notepad and the coin haven't been touch. Is there a way to retrieve these coins just using these address instead of logging into mybitcoin.com?
Of course you can. You'll just have to find the private key to the address, which can be done using vanitygen. Takes roughly 349073683781359649178 years or so on a computer that doubles it's power every 1.5 years. |
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 I just remebered all the people warning that the bitcoin bubble would burst and wondered what's up with that. What do you think? (don't be fooled, above chart has log scale) |
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I wouldn't go so far as to say no one uses cash here, but I will agree that the banking system is generally pretty good.
Post edited. I mispoke. We use cards quite a lot more than bank transfers. Just wanted to make it clear that unless you're shopping on the street, cash is not necessary. Also, since the banks will give you a debit card minutes after setting up an account, there is no real need to worry. Well, maybe setting up a bank account really is the easiest way to go for tourists. |
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 Looks like someone is famous. hehe, cool. I would have made the officer say "Ok, then, boy, let's look for these bitcoins then", when putting on the glove. |
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There's one thing I'm curious about, but don't know enough to be able to answer it.
I'm aware what happens if your wallet.dat file gets stolen - someone can spend your bitcoins.
However, what happens if somebody has the old copy of your wallet.dat? That is, what happens if someone gets your wallet.dat which doesn't contain one or more recorded transactions because they happened after the copy was made?
I suppose that he cannot spend the bitcoins which were already spent after the old wallet.dat was created. From what I understand, the bitcoin network takes care of that. If my assumption is correct, does that mean that if someone gets hold of your wallet.dat file, and you're aware of that, it becomes a race - who can transfer the bitcoins first, and whose transaction gets accepted by the network?
you are correct. |
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 this should explain a lot. It's likely a bug and will be rolled back. |
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I predicted also that bitcoin should fall into the single digits, I have predicted this for a while now. I base this on the fact that bitcoin honestly has currently no real use. I also do not see it having any real use. The problem is that it is too easily hacked. It is too risky to use it as a currency as that may bring the government after you. Plus many other reasons which I do not want to get into.
How is bitcoin easily hacked? |
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I think it might decrease yes. But predicting a target is totally absurd.
I'm not in any way predicting, it's more a guess, and I know that there are many things that can happen in that time period that can substantially make my guessing look totally wrong. Say what? English not your first language I guess ? Predicting and guessing is the same thing buddy. A prediction or forecast is a statement about the way things will happen in the future, often but not always based on experience or knowledge.
Estimate or suppose (something) without sufficient information to be sure of being correct
So it seems to me, a guess is a kind of prediction implying a lack of information (meaning that a guess is a prediction, but a preditction is not necessarily a guess). Predicting and guessing might be the same thing for someone who is always lacking information. |
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I live in China (though I'm British and generally use Britcoin.com), but I've been keeping an eye on the Chinese market. Over the last couple weeks there has been a noticeable upturn in the volume of trading being done on btcchina.com. Though the figures are still small they are beginning to approach the trade volumes of European sites and todays figures put them in the top 5. I think it's important for bitcoin to break into China. For now the Chinese Government don't seem to be interfering. http://bitcoincharts.com/markets/btcnCNY.htmlThis is good to see. I share your opinion that china is an important place for bitcoin. Might even become a driving force... you never know. There's many possibilities. Looking at falkvinges 4 drivers of bitcoin (unlawfull trade, international trade, merchants, investment), I can see many (if not all of them) are highly related to areas in which china plays an important role in the world. I'm hoping for the best ^^ |
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Too bad there isn't an exchange where people like S3052 could compete for followers. People could choose who to follow, and part of their commission would be split evenly among those they follow. It could integrate charting, publishing analyses, and of course trading. Too bad I don't have the time or capital to build it.
I could offer time, capital anyone? |
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for me your analysis is too expensive! i trade only to learn bases of trading and analysis, indicators, etc... but i do not invest thousands of dollars, so if i have to pay 5 BTC per month, i doesn't take long until youve got all my money... (greed or specified selecion?)
i would use it for 0.5 BTC - 1 BTC per month... (eventlually many more people will use, and you've got higher profit)
+1 I'd pay the same small amount. Anything above that isn't worth it for me, just don't have the kind of volume to pay 5 BTC, not at all. Maybe it really _is_ true and S3052 could make more selling at substantially lower price. 5 BTC I just can't afford. |
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