I invested almost all my savings in btc when it was 950. Well, fuck you bitcoin, fuck you and all the Altcoin and everyone else. I hate the fucking day I knew about btc a D decided to invest. Everyone was like "Bitcoin is the future", "Bitcoin to da moon"... yes, my ass. I only have a job which will last only another one month. I hoped to make some money, and I lost everything. Thanks all guys. This forum is so good in giving right info.
That was your only mistake. Investments are as likely to lose you money as they are to make you money. I've made money and lost money on the stock market. I've made money and barely broke even because of broker commissions on the stock market. That's not the stock markets fault. If you we're here only to make money then you fucked up. Bitcoin didn't do that to you. If you look at his previous posts you would also see that the money that he invested in bitcoin was not even "his" as it was a gift given to him by his grandmother. IMO he has no business investing any money in bitcion as it was never what he earned to invest. Regardless the price decline has clearly not gotten him to decide to not continue his involvement in bitcon as he is clearly still somewhat active in trolling
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why dont you guys use Gyft and save extra 3 %?
Fuck Amazon.
Amazon could potentially offer more then a 3% discount on using bitcoin with them. The cost per TX is ~3% however they have to deal with chargebacks and fraud that is not detected at the time of purchase which can add substantially to the overall cost of accepting bitcoin
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At $0, if we get there, I'm still gonna be running a full node...I might start mining again too.
I think you make a very good point (probably unintentionally) about the price declining. If the prices continues to decline then it will be unprofitable for miners to mine, which will cause the difficulty to decline. I would say that the difficulty is higher then it needs to be right now to keep the network secure, but it cannot go down to CPU/GPU levels as it would potentially open it up to be attacked and essentially killed off
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So if I donate 1$ how much of that will go to the animals? If you donate 1$, animals will get 1$. Neither I nor bitmarket.pl ever took any fees on these donations. EDIT. Posted this from my other account by mistake lol. This is not quite accurate. Charities, like all other organizations have expenses and bills to pay, and in the case of charities are paid out of donations. Charities have an efficiency ratio, which measures the percentage of donations that actually go to help the cause they are supporting. There are many charities that have a very low efficiency ratio, sometimes below 33%.
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We shall soon see. Seems pretty killer to me; it's always been a problem to explain how people can buy bitcoins. Not everybody is comfortable with getting verified, then buying coins on an exchange. I'm waiting for the app that everyone and their grandmother could use. Circle might be it.
Coinbase makes it just as easy to buy bitcoin as circle does (with the exception of circle allowing users to use a credit card to buy bitcoin, which is a huge mistake). The reason that circle could revolutionize bitcoin adoption is that it is seeking to change the user experience when someone uses bitcoin.
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When SR first came out Ross would guarantee the price of bitcoin while it was held in escrow. In other words if a buyer purchased something for 5,000 BTC and bitcoin was trading at $0.10 when the funds were placed in escrow but went down to $0.05 by the time escrow was released, then the seller would receive 10,000 BTC.
I think this usually worked in his favor, but it sometimes did not. I also believe that he charged extra for this guarantee.
This is really not an option anymore because of how many transactions are done in bitcoin. It would certainly not be possible because no one actually "owns/runs" it.
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I want to purchase BTC on btc-e.com, but I obviously need to deposit some money/crypto currency (which I don't have) to my account. I want to deposit some USD via my credit card, and it's possible through these services: Perfect Money OKPAY Payeer Ecoin Epese
I've tried, but on each site I get some sort of an error. What can I do? If I use a German (for example) proxy, will my American credit card still work? Thanks.
https://www.circle.com/enand https://www.coinbase.com/Both support directly buying bitcoins with your creditcard or linking them to your bank account to buy directly. Much easier. Thank you, I know of the 2 sites, however I do not have a bank account. coinbase will require a bank account however circle will not. I believe that circle will also effectively force you to pay your credit card company a 2.9% cash advance fee as they will charge any bitcoin purchase as a cash advance. Also you cannot actually buy bitcoin via a credit card with coinbase, you can only use it as a backup in the event of a reversal on your bank account
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ps. ♥ BTC no matter how much it will cost Bitcoin is the way to transfer the money around the world with decentralized network in minutes with low fee. That's what Bitcoin is if anyone ask. That's it in a nutshell. Right now it's the only thing that can be offered that no one else is able to. Figure out that worth and that's what bitcoin is worth right now. From an economic and equilibrium standpoint, the price of a bitcoin is the $ cost of electricity for mining one bitcoin. Hardware costs doesn't count. Equilibrium will be only the marginal cost of production. There's always going to be someone to sell it cheaper. BTW, that's currently somewhere between $65-$80 per BTC. Ouch! I think that hardware costs will count, but there will be a much smaller markup on the production costs. I believe that difficulty will mirror that of average electricity costs (with a negative coloration). As far as the price is concerned, I would say that I would say that the current decline is temporary and hopefully will rebound sometime in the near future.
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The beauty of a free market is that the prices will find their "correct level" even if unregulated exchanges are attempting to manipulate. For example, if they are using bots to buy up cheap coins, then this is a chance for others to also place orders and Buy while the prices are so low.
I think the OP is implying that exchanges are essentially "naked shorting" bitcoin which is causing the price of bitcoin to fall. The OP is hoping that the price falling will cause more people to trade in a panic, which would cause the price to fall even further. I personally do not think this is the case as exchanges would need to take on huge risks to do this and each exchange does not have a huge influence over the market so if one exchange was doing this then it would likely not be successful in manipulating the price. In stock trading, they call it naked short selling, in banking they call it fractional reserve, I call it counterfeiting. I'm not hoping anything, just saying that this is what Mt Gox model exchanges do. It's their nature. It's a flaw in their design. If one exchange starts to do this then others will follow because they are competitive. Free Market 101 rule #1: "if you find a flaw in the system, then exploit it." In banking the bank has an asset (loans) that backs up the money that is owed to depositors. I believe that Gox did not intentionally use a fractional reserve system (this is really not an accurate term because they did not have any assets to backup the bitcoin that is owed to customers. I would also not so much call this a "flaw" as it would produce very little profit at best, however could very much blow up in their faces and cause huge losses, and the EV of this kind of activity is negative as the general concusses is that bitcoin will rise over time
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I would speculate that the amount being sent was more then what is available in your hot wallet, and you have your paper wallets loaded on your 'account' as a watch only address, so blockchain.info was trying to spend the funds because it had to but didn't have the private keys.
Were you trying to spend more that was available in your hot wallet on your specific blockchain.info account?
If this is not the case then you may have some kind of male-ware
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Let me guess. BTCT is one of those exchanges that tries to attract deposits via interest-bearing accounts?
Yeah - they got 'hacked'.
I would agree with what you are implying. If an exchange is offering interest on bitcoin deposits then they are giving incentives for people to hold bitcoin at their exchange. They do this so when they eventually do run away with customer funds they have more money to run away with
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1) bitcoin CAN be created in unlimited amounts, in the form of alternate crypto currencies, because the alternates serve the exact (if not better) functions/purposes that bitcoin does. Sure there won't be more than 21 million "bitcoins" in the universe, but there can (and will if bitcoin is mass adopted) be infinite amounts of cryptos just like bitcoin. It is only a matter of time. In this sense, bitcoin is no different from tulip bulbs, granite rocks, etc.
Altcoins are not bitcoin. Scamcoins do not offer any substantial benefits that bitcoin does not offer.
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They were exchanging dollars for Bitcoin. Dollars are considered money.
I think he will get "off" with no jail time. If this is the case then him pleading guilty will have essentially no impact on his life. He already has a job lined up (if he isn't already working for them) - I believe it is some bitcoin related project, I know that he said that he is working/going to be working for a MSB.
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The site requires javascrypt to be enabled. I would consider this to be phishy at best, and at worse something very dangerous to be clicking on.
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https://bitcointalk.org/index.php?topic=615953.0See the above thread for a comprehensive list/summary of all the bitcoin paying signature campaigns out there. There are very few open ones now however there are sometimes a few spots opening up on the closed for new participants campaigns.
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So I play minecraftcc and earn some bitcoin there...but are there any other good games you can earn bitcoin through? I dont want to gamble!
In second life there is some Fish hunt you fish for bitcoin, but is quite tiny bit, almost like faucets. In my experience, any game that gives you bitcoin for playing will act more or less like a faucet with is 100% a waste of time.
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This number will technically be a little bit less due to the fact that some TXs have outputs that were sent to unspendible addresses.
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Any thoughts about Bitcoin replacing one of the extremely volatile currencies of a small country?
What fiat currency is more volatile than BTC? None that I can think of. Sure, during historic times of hyperinflation, etc. But just look at the history of BTC. We can't even discuss it as a currency until it stops being so volatile. Bitcoin has the greatest chances of replacing the currencies (or potentially supplementing) of third world countries that have a very small economy and very small stand of living.
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I`d say china, and russia, and north korea.
This are all very bad places to visit. You would likely be in danger if you were to visit any of these places.
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2 hours and 42 minutes is my total login time so far. Counting down to 100 days
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