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Tripled in value already this morning from 1 Satoshi to 3. Anyone got thoughts on this? Is someone running this up?
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Could this be the next big run up? It's the only coin trading at these levels.
Just yesterday we saw Blackcoin and Zeitcoin see numbers jump from a few satoshi to hundreds. Seems Saturncoin is the only one left to see this kind of action. Being able to run up from just 2 satoshi to 10, 20, perhaps 100.
Thoughts? Is SAT suddenly today's buy?
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Just jumped 100% on Mintpal. Is this today's Blackcoin? If it went from 2 Satoshis to 10 even holy cow! Should I start buying in?
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Saturncoin being bought up. Anyone know as to why? What news I missed?
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BTC overvalued are you kidding me? is way below value, half of bitcoins been mined and is over valued? wait till the other 20 percent get into bitcoin. Then lets see how overvalued it will really be.
It is neither undervalued nor overvalued. It's value is precisely what another person is willing to pay you for it. Right now, that is roughly 360. |
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How well does this miner work with the 270x?
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Ah, such little vision you have OP.
Crypto currencies are the new paradigm. And no temporary "problems" are going to stop it.
It's not lack of vision. It's simply analyzing reality. Do you have no concern that the top 100 wallets hold 20% of all Bitcoins in existence? There are a number of single wallet holders that have funds in the 50+ Million USD value- and that's at current value. If any one of these guys unloaded the market would tumble to zero, because there isn't enough cash coming in to support it. Money has been exiting the exchanges. From 12 Billion to now just over 5 Billion. That means 7 Billion Fiat has been taken out of the system.... In order for BTC to go back to 1150 with the current number of coins, roughly 9 Billion of fresh USD/Fiat is going to have to be placed into the system. I simply wonder if and when we will see that kind of mass flood of fresh money enter the market. Not lack of vision, simply pondering the possibility of a different vision than what you have in mind. |
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Don't think for a second that a truly innovative technology, one that has so much potential, can fail miserably.
Betamax.
QR Codes.
DIVX
3G
Google TV
Segways
All of these products or technologies showed amazing promise, but for some reason or another were either stepped over by better technologies (or worse as in the case with VHS/Betamax) or with more aggressive marketing, or simply didn't catch on like the creators thought they would.
QR codes stepped over? By what? I mean sure, they're everywhere… But how many people actually use them? The sensor revolution could be right around the corner. Sensor technology is THE hottest thing for VC dollars right now. QR codes have been around for quite some time. Me personally, I've only use them a few times and I don't even remember for what. All agreed that sensor technology could be a big player in the future, but I don't think it will be by the means of using ink on paper and a camera to capture the information. I think it's likely a technology will be developed that enables the implementation of a very small H ID chip into paper which can transmit the information directly to a person's phone, in an encrypted manner. I mean thinking future wise, pulling out your phone and having to take a picture of this little square box, in perhaps a dark restaurant, seems silly. |
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Don't think for a second that a truly innovative technology, one that has so much potential, can fail miserably.
Betamax.
QR Codes.
DIVX
3G
Google TV
Segways
All of these products or technologies showed amazing promise, but for some reason or another were either stepped over by better technologies (or worse as in the case with VHS/Betamax) or with more aggressive marketing, or simply didn't catch on like the creators thought they would.
QR codes stepped over? By what? I mean sure, they're everywhere… But how many people actually use them? |
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Don't think for a second that a truly innovative technology, one that has so much potential, can fail miserably.
Betamax.
QR Codes.
DIVX
3G
Google TV
Segways
All of these products or technologies showed amazing promise, but for some reason or another were either stepped over by better technologies (or worse as in the case with VHS/Betamax) or with more aggressive marketing, or simply didn't catch on like the creators thought they would.
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Despite the many large investors still hedging on Bitcoin taking over the world, and the spin they push through various media outlets and sites like Coindesk, the truth is that the general Bitcoin community is growing tired. Tired of falling prices. Tired of scandals like Mt. Gox. Tired of rigs they invested in not paying off like they hoped. Tired of maintaining those rigs. Summer on its way. AC bills will rise. Price now trading flat, or in my opinion barely holding on to current levels. Scam after scam with companies that promise mining equipment but instead use your money to develop and build the technology only to use it for months and months, earning the BTC for themselves and skyrocketing the difficulty. Crap coin after crap coin which honestly just makes the whole industry look like a joke. Potcoin. Dogecoin. It makes the technology look like a circus for morons yet more coins come out every day and are backed by exchanges that represent the industry. Could you imagine if the NASDAQ was filled with goofy company names like that?
Posts are slowing on the boards. Hashrate is spread so thin across so many coins. And most coins are so thinly traded, even with the bigger ones you'd have a damn hard time liquidating a large value of currency if you had it, the prices are held up by thing buys, and not enough buyers to really dump huge amounts.
I hope I'm wrong.
I've been waiting months for posts like this to start to appear. It's about time. It's when everyone starts shouting emotionally charged "new paradigm", "unstoppable", "all time highs", "guaranteed profits", that I suspect the market is about to crash. It's when people start complaining about "falling prices", "not paying off like they hoped", "trading flat", "barely holding on", "industry look like a joke", and "a circus for morons" that I realize we are finally approaching a bottom. People are actually looking once again at the actual merits of the technology. Bitcoin has long term potential. Those who are looking for a "get rich quick scheme" will be disappointed, but those who can understand the technology know that this protocol is a significant development in its infancy. I'm looking forward excitedly to the next 2 to 5 years. The changes in this market and the new developments that are on the way will result in a bitcoin that will be as different from what people see today as the World Wide Web is from what it was in early 1990's. A decade from now, today's bitcoin technology and interfaces will look primitive and unusable in comparison. Danny, I'm not a skeptic, I'm hopeful. I've invested quite a bit in mining equipment and still continue to mind this day… It just seems as if it's such an uphill battle, that never ends. Now governments getting involved, well the list goes on and on... |
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This has ALWAYS happened after the hype starts dying down, shit starts blowing up, panic lovers leave bitcoin, media quiets down... It stays like this for quite sometime until the next world crisis happens or the next country "discovers" Bitcoin ... then the hype train starts back up, people get excited, its all over the media, prices rise.
Its all part of the growing process for something as new and potential to be a game changer as Bitcoin.
In fact, during the period of Bitcoin seeming "all but dead" ... is the time for "smart buying" =)
Unless it dies… |
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Make a capital gains reporting software so people can pay taxes on spending coins in a bitcoin bull market
Clever. I feel with all of the media and press attention surrounding bitcoin and the IRS, and with that attention only continuing to grow as the currency evolves, this page will likely be relevant, and also rank very highly on Google searches do to the page rank system weight on domain alone. Basically people searching for IRS and bitcoin would likely see this in the first few results, which means enormous traffic potential. |
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Interested in either selling for BTC or VC or leasing the domain to a developer.
With the insane amounts of media surrounding Bitcoin and the IRS, which will only continue to grow as the currency evolves, this domain will have a very high google page rank base on the domain alone.
PM offers or thoughts!
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Anyone? Anyone? Something D O O economics.... Voodoo Economics.  Love to hear ideas! |
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I registered IRSCoin.com.
Creative ideas on what to do with it?
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Despite the many large investors still hedging on Bitcoin taking over the world, and the spin they push through various media outlets and sites like Coindesk, the truth is that the general Bitcoin community is growing tired. Tired of falling prices. Tired of scandals like Mt. Gox. Tired of rigs they invested in not paying off like they hoped. Tired of maintaining those rigs. Summer on its way. AC bills will rise. Price now trading flat, or in my opinion barely holding on to current levels. Scam after scam with companies that promise mining equipment but instead use your money to develop and build the technology only to use it for months and months, earning the BTC for themselves and skyrocketing the difficulty. Crap coin after crap coin which honestly just makes the whole industry look like a joke. Potcoin. Dogecoin. It makes the technology look like a circus for morons yet more coins come out every day and are backed by exchanges that represent the industry. Could you imagine if the NASDAQ was filled with goofy company names like that?
Posts are slowing on the boards. Hashrate is spread so thin across so many coins. And most coins are so thinly traded, even with the bigger ones you'd have a damn hard time liquidating a large value of currency if you had it, the prices are held up by thin buys, and not enough buyers to really dump huge amounts.
I hope I'm wrong.
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In terms of buying at current prices in the 450s with USD through Coinbase. Thoughts?
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@Cayars For the ASIC part, I disagree. To my understanding your hash speed will only be as fast as the slowest algorithm, so using an asic would be useless and multi-gpu distributed hashing wouldn't be much better. Regardless, as I said in my last post, that isn't the problem.
Big problem 1) The votes are TOO DAMN HIGH. Voting will be the death of the coin. All PoW coins need mass adoption and a crap ton of transactions in order to survive. (The reason Bitcoin will survive even after 100% mint is because transaction volumes will keep rewarding for new blocks). IF HVC were to survive, it would need to achieve mass adoption before the end of the limit phase, which at this rate cannot happen.
Big problem 2) The coin has no meaningful innovations to offer. It is competing against Blackcoin (BC), Myriadcoin (MYR) and Zetacoin (ZET) for an up-and-coming place in crypto this year, and the only upside to it is the new algo. Problem with that is, MYR has a MUCH cooler Algo system, and QRK kinda already has that issue covered, as do all X11 coins.
I really like HVC. It was the first crypto I mined and I think it had some real innovations. But as a trader as well, I can find no reasons to justify long term survival of HVC without the Devs pulling off what ZET did (allegedly, we'll know tomorrow) and achieve some form of real world utility.
What will we allegedly know tomorrow? |
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