This is very optimistic prediction, and guy looks pretty confident. I don't know is it possible for btc to grow so fast, 2017 is around the corner, this would be amazing jump. But I agree with him that btc is cheap now, price will go up and it's still good time for buying. One day we will hit 2000 $, its big question how much time we will need to wait for that to happen.
What's with the lack of ambition here? Share prices experience this type of explosion at similar market caps and no one believed it was impossible. It just needs some proper demand. Where, when and why it arrives is the big question.
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So if everyone is gonna take a 'hit' on this loss. Does anyone have an article or source on what % an individual will likely lose on this? 10% 20%
I mean it could not be any more then that or how would they expect to recover as an exchange (maybe that boat has sailed and this is so they don't go to jail or something)
others here with better minds then my own
Surely it all depends on what proportion of the coins are lost? That seems to be a figure that's hard to come by. I've read somewhere they had nearly 200,000 BTC in which case would you sit there moving your cock around when 60% of your holdings are flying out the door? If that figure's correct then that gives an idea of the potential haircut. I think Bitfinex is expecting to carry on smoothly as they have done before but they may receive an unpleasant surprise when it's revealed to them that their customers are humans and real laws apply to them. I don't think many operators in the crypto space believe this yet.
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I think the people in signature campaigns are looking for people that can behave professionally. In real life let's say that you were hired to advertise Microsoft, do you think you're allowed to advertise Apple as well? Of course not. All these companies are in a competition when it comes to audience and advertisement. And your job is to advertise their company.
Depends on the calibre of the campaign. I'm not sure I believe that your average sig campaign manager particularly cares about the ID of who's posting. They're there to get exposure for the links they're sporting and that's it. There are only a handful of posters that command attention, everyone else is pretty much interchangeable as long as they're not bringing the campaign into disrepute with masses of junk. And it's a two way street. There are plenty of campaigns that have been run shoddily that exploit their users.
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Because greed and convenience outweigh the desire to be sensible. If Bitfinex opens its doors again I'm relatively sure even the people they buttfucked will still use it. That's how mindless most people are.
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Even if there were an option to buy shares with Bitcoin, it would be a long while before I trusted it and I don't see any way around the fees.
Bitcoin traders are spoilt compared to share traders, apart from the insane scamminess and amateurishness of course. The fees are gargantuan, the markets are shut most of the time and my share trading company wanted a fucking £25 fee to withdraw £35. I think I'm going to swallow the cost and put it into Bitcoin just to get back at them. That'll show them.
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Is this progressing as expected? Was there some type of time frame declared that it's adhering to? I haven't heard much about this recently and I'm perfectly content with my decision not to chuck any money at it.
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I'd be very curious to know how many people managed to successfully sell large amounts of stolen coins in the past. There are so bloody many of them that they can't all be sitting there waiting for a rainy day.
I know the Sheep Marketplace guy ended up with money to throw around as the stupid bitch started buying houses all over the joint.
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even if bitfinex returns as a "better" exchange, people will do everything to avoid it. no one serious will keep using an exchange runned by incompetent rookies. traders will move to bitstamp or kraken.
Sadly I don't think this is the case. People are too addicted to margin trading and liquidity. Greed rules all even when it's interspersed with being raped as well. I hope they dwindle to nothing but I'm not holding my breath.
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Bitfinex are like cockroaches. They'll do their very best to be back. And I'm sure the traders on there who are currently squealing will be back too.
People should vote with their money and get on exchanges that might actually be accountable and properly insured and operated by real adults. That means Gemini and Itbit.
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It seems Max Keiser is involved too with his start coin thing. Apparently you will be able to buy some sort of shares in an initial share offer or something. I may buy some because at the end of the day Kim Dotcom is huge and anything he touches will go to the moon.
He also has multiple convictions for defrauding people. It's his job to make you believe that you're coming to the moon with him. All you have to do is give him some money. And I didn't know about any Max Keiser involvement. His track record with Quark and Maxcoin is not very encouraging either.
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Resorting to fat-shaming now? Are we jealous of his riches?
I'm pretty sure the dude is a talented coder and created megaupload himself
Hey, I'm sure he's got far more intellect, let alone finances, than my modest self. I still think he could afford to pack more tastiness into less calories. I'm intrigued to see what he comes up with.
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This is a problem that'll continue to grow and will never, ever go away.
The most dependable one is that if it's too good to be true then it certainly isn't true. I'm constantly flabbergasted by the people who run towards the most agonisingly obvious scams even when people are shouting at them about its obviousness. That goes for cloud mining, 'investments', and pretty much every single other thing on this forum.
There's a never ending supply of fresh meat on here that refuses to take on board the hard lessons that everyone else has.
Don't trust anything that involves you giving up your private keys. If you do have to do it make sure whoever is asking is bulletproof and accountable so that means Gemini, not Cryptsy. The sheer amount of people asking for your money on here via websites that are one day old beggars belief.
As for who to trust on here, I'm not really sure whether that's possible. There've been cases of long standing escrows going rogue. You just have to take the best chance you can and hope for the best.
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How is this going to be possible though? I mean, is it possible for the network to hold in even more transactions, assuming that every download = transaction. And we already know that with Mega, there can be millions of downloads everyday.
It's quite clearly going to be a long way away from the blockchain as it is at present. He's talking about removing all blockchain limitations. I assume it would have to be something like the Lightning Network which still leaves the issue of getting coins on and off the blockchain proper and into a channel. That still requires an on chain transaction unless he's solved that too. Let's wait and see.
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And he is the kind of guy that puts others to do stuff for him... he doesn't seem to do much on his own... maybe eat and exercise... and pay hookers to F' him!... He's so fat he can't even move his ass properly.
I saw that too. I suspect that his employees put him on his feet for the filmed segments and pulled him around with invisible fishing lines. As soon as the cameras stopped rolling he was slipped back into his anti gravity harness. I doubt he can feed himself either. Still, he would make for a fun neighbour.
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ALL blockchain limitations? What does an enormous German file magnate know that others don't? Does he employ anyone to work on this type of thing? If so, why haven't we heard any squeaks before?
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If people did want to get legal on their ass where would they begin? As far as I can tell they're not really in Hong Kong any more, the employees are scattered all over the world and the servers are elsewhere too.
I wouldn't have a clue where to begin with that type of thing. As the US seems to have caused all this by forcing them to abandon cold storage, I assume someone knows where there's some jurisdiction.
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He's certainly an interesting fella but let us not forget that self promotion appears to be his number one hobby. I'm sure it'll get there with or without him but let's see what he has to offer. I'm open to having my mind blown.
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They'd be flattened and they know it. They also know that China wouldn't permit it.
They also know perfectly well what they're doing. Threatening South Korea and the US is their currency and also the method they use to keep their people in line. Every government does it to an extent but most have a little more subtlety.
North Korea's existence suits China nicely. China wouldn't want a capitalist free for all right at their border, though it's arguable as to who's more capitalist ultimately.
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My biggest hit was sticking something like 0.075 BTC into XEM when it launched. But I haven't sold any so it's paper profit that I intend to sit on for a long time to come.
The biggest earners in recent times might have been the chosen few who put a bit of coinage into NXT when that launched. 1 BTC when it was about $150-200 would've become $5 million at one point within a short period of time, again that's paper profit but I'm sure you could've gotten a few hundred BTC out within a relatively short amount of time.
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