Big mining farms who hold a lot of coins could definitely do some manipulation. I'm not sure how much, but they could probably cause the price to move a few dollars in either direction, which give you a chance to make a lot of money if you have millions of dollars to play with.
$700-750 in the next few months would not surprise me.
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This is awesome! Great lesson on re-using screen names, and how easy it is to link things together to track someone down.
Unfortunately not all scammers will be so careless, but its nice to see at least one get caught. Hopefully he learns his lesson and pays back his victims. As someone who made mistakes when I was younger, I can say people definitely change. Hopefully this guy does too.
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Yeah I would diversify funds and invest in both! Probably something like 75% gold 25% Bitcoin
Gold is guaranteed to hold value and go up a bit Bitcoin has the potential to go up but is risky so I would invest less but a combination of both seems pretty solid
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Has to be Monero. It's the only coin besides BTC that is actually accepted for any payments on the Darknet markets. This means people will be buying and selling the currency. Everything else besides ETH/ ETC are just some pump and dump schemes right now.
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very careful on the alt coin you trade because more alt coin you see in trading site does not anymore exist.
Yes I've been looking at some of the exchanges and its amazing how many coins get de-activated. Poloniex On 9/5/2016, the following markets will be delisted: ABY, ADN, BITUSD, CNMT, DAO, DSH, FIBRE, FLT, GAP, GRS, HYP, IFC, LQD, MCN, MINT, MMC, MNTA, PIGGY, PTS, SILK, SWARM, WDC, XC, XCR, XPB, XUSD, YACC That's 27 coins removed! Alt-coin trading is actually so scary. I have two coins- Bitcoin and Monero, and just keeping track of those two is almost too much to handle.
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I think the price could very easily go back to the $700-750 range. Something big needs to happen to go above $800, but anything is possible.
People have mentioned Segwit and other factors as a possibility for a rise, but I think the only thing that is going to really increase the price is more users. We need iTunes or some service to start accepting Bitcoins!
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Yeah it takes many years of playing Poker before I would consider it an "investment". You need to have a large bankroll that you can afford to lose, and total control over your emotions.
I lost half of my bankroll a couple weeks ago because I got drunk, started playing cash games, lost a couple hands to a player and couldn't control my rage. I started making bad, loose calls just because I wanted to win vs this guy.
It's taken me almost two weeks to get back to where I was, slowly grinding small cash games.
Now maybe you are a WAY better poker player than I am. But you are still going to have to grind to slowly increase your bankroll.
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Yeah I just realized ATH = All Time HighBut I agree Or Aqua Teen Hunger Force I don't foresee any huge jumps right now, but there probably won't be a big crash either. So Bitcoin seems pretty safe. You might not double your money, but you aren't going to lose it all either
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Well I had $50 of BTC sitting in a random address so I transferred it and bought some Monero. I've already made a cool $1!!! Here's hoping it keeps climbing.
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Honestly I feel like Darknet markets will be the first adopters of any good cryptocurrency. I didn't realize some had started accepting Monero. I've been looking into it, hopefully I'm not too late to get some and make a little profit...
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ATH? Not sure what this means.
Segwit is an interesting idea, but you really think things like this and sidechains will increase the value of coins? I still feel like we need more users before we see a big jump in price, so we need more places that accept Bitcoin. Its going to take someone like iTunes accepting Bitcoin before we go back to $1000 and actually stay there.
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I don't think silver will be as useful as gold, since gold can be used in electronics and other uses, but silver will still always have some value, and has had slight gains recently.
I'm sure its a pretty safe investment. I don't see the value going down, but you probably won't get a huge return on your investment. If you are okay with a slight profit its definitely solid.
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600% is definitely in the "too good to be true" category.
Any of these investments promising to "double your money in a day just send us your bitcoins", are a scam. I assume they are a Ponzi scheme, at best.
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Relative Strength Index? Can someone explain this a bit to someone who is fairly new to trading? I'm reading the Wikipedia page https://en.wikipedia.org/wiki/Relative_strength_indexbut some explanation on how this applies to Bitcoin at this point in time would be greatly appreciated. You are saying that we are in "overbought" territory and the price is about to fall?
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Yeah the amount of time it takes to get a search warrant depends on how much prep work they've done. If they are ready to go it might only take a couple hours, but if they are still gathering evidence they aren't going to mention it to the DA or a Judge until they are pretty sure they have something.
I would have loved to see the faces on the cops serving a warrant, expecting a huge grow house, and seeing a bunch of bitcoin miners when they came in. Although if it involved flashbangs, and guns pointed at me, maybe not...
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I'm pretty sure that only maybe 25% of people buying coins right now are selling them. Most people are buying and holding (speculation) or trading when the price changes (big time traders)
That is why the price is not moving much right now, I think. We need more users actively spending if we want the price to rise, although a steady price is much better than a volatile coin that can lose its value.
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Is it worth mining with a low to mid-end GPU currently? I have a GTX 950 and I havn't found any good estimations on how much mining power this will provide. My power costs are pretty high here in the US, state of Michigan. (About 0.11/kwh) Would I be totally wasting my time/ money at this point? My CPU is pretty old, came out in 2009 and even though its overclocked to 3.2Ghz, its pretty outdated as far as everything else goes: http://www.cpu-world.com/CPUs/K10/AMD-Phenom%20II%20X3%20720%20Black%20Edition%20-%20HDZ720WFK3DGI%20(HDZ720WFGIBOX).htmlAMD Phenom II X3 720 (BE) I will check back on this topic, or feel free to PM me if you've mined with this card or processor. Thanks in advance for any tips/ info I can get related to this specific GPU or CPU for mining Monero. Cheers!!!
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The Monero has good scalability. It does not have a block size limit. The block size is adaptive to the current demand.
I've been looking into Monero recently, and it seems very interesting. Does anyone accept Monero at this point? I would invest in some, but Im afraid it will be just another alt-coin that is never used for anything besides exchange trading.
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This thread is clearly an attempt to boos post counts and earn money from signature campaigns. So I guess here is my post to earn my Satoshis lol.
But on a serious note, does anyone have any good blogs or mailing lists that discuss mining? I read the posts on this forum, the Kano pool thread has really good information, and any post by Philipma1957 or Mustangdan or any of those guys is good info, but if anyone else can recommend another good source of mining info, it would be greatly appreciated! Thanks!!!
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We are barely back above $600. Price has been slow and steady recently. I do not foresee any huge jumps unless something changes. But price could definitely be $700 by next year.
I have no idea where people get these figures from. Its like they just run a random number generator LOL.
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