Please vote.
Did he really instamine?
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i still remember this news on coindesk http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/where he predicts price will fall hard some where this year, which came past, but he kinda still believe in it. and now one guy has all 30k btc, did he buy low or high? i believe we don't know yet. we might know if the non-winners disclose there highest bid. what do you guys thing, would 30k be dumped slowly or like falling brick? what if he is holding the 30k for months+, regardless buying it for a low cheap? It is going up up up from here. Buy now.
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George Soros will go all in just about now and become a legend.
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If we stop spending bitcoin for one month, and instead, we agree to each one of us to acquire 1 BTC more to add to our stash during this month, how much would the price increase?
We could call this "1BTC month"
Nice idea! Let's go guys! Let's do this.
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Agreed! This could be the bottom and startingpoint of a megarally.
This.
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What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.
Why stop there? Be a multi millionaire. Buy more.
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Just vote on the poll and maybe add a comment why.
Very bullish. We have just reached bottom. This is a good time to buy.
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Do you think 1.00 BTC will worth more than $10,000.00 USD at any time in 2015?
Yes. I certainly believe so. Now is a good time to buy.
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This is the speculation forum so lets speculate.
When the next big crash happens like the 2008 crash people will realize how much the current system is broken. They will go to bitcoin. 100 satoshi = 1$ by the year 2018.
It will come sooner than you think. Buy now.
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Just a bit of fun speculation -
What price do you see one bitcoin being valued at in 10 years, take a guess?
I'd be absolutely fucking delighted with $5,000 per bitcoin.
In 10 years? I think this will be $10,000 per Bitcoin. So better buy now, it can go surge to +1000 really fast. Remember 2013?
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I know this is your standard noob question but being new to bitcoin/cryptocurrency i thought it would be worth asking. With the price down to ~$200 is now the time to be buying them? Ive read some of the horror stories of people losing 30k etc and that's more than a lifetime of savings which if i had couldn't even comprehend losing. At the moment ive bought my first btc but am now worried of a potential crash.
I know you shouldnt risk what you cant afford to lose but you have to take some risks i suppose.
Im guessing this may be a question better asked to a crystal ball?
thanks and apologies if this gets asked everyday.
It's a very good time to buy BTC. Remember it can go to +1000 really fast.
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are we about to finally buck the downtrend and start shooting for the moon? http://www.coindesk.com/okcoin-blueprint-mainstream-bitcoin-payments-superwallet/superwallet bitchez! looks great, plus from okcoin in China may work round everything OKCoin, the largest Chinese yuan (CNY) bitcoin exchange by volume, has announced the launch of an ambitious new wallet product it hopes will encourage the wider industry to rethink its attempts to reach mainstream consumers.
Dubbed the first 'Superwallet', the OKLink desktop wallet, currently in beta, promises to combine the best of both fiat mobile wallets and traditional bitcoin wallets. In effect, the Superwallet will allow users to spend BTC, CNY or US dollars at bitcoin-accepting merchants, converting fiat currency to bitcoin only at the point of sale as a means of transmitting the payment and settling the transaction.
The conversion will come at no additional cost to the user, who will pay a bid/ask spread on the purchase as they would when initiating a purchase with BTC. OKCoin will continue to cover mining fees, while fees for those who use its traditional exchange to access bitcoin as a speculative asset will remain unchanged.
Jack Liu, head of OKCoin's international division, suggested that the launch of the Superwallet would mark one of the first attempts to encourage the use the bitcoin protocol as a payments rail without requiring users to interface with its currency directly.
Overall, he cautioned that the release is still a beta, and that the wallet is, for now, only as strong as the wider ecosystem with which it will need to interact. However, he expressed optimism that more bitcoin companies would be encouraged to adopt a similar approach when developing future efforts.
Liu told CoinDesk:
"The Superwallet is not branded as a bitcoin currency product. It will highlight the powerful open protocol which will allow users to spend their chosen currency using the bitcoin protocol in the same way the native tokens of the protocol can be spent."
Superwallet users who wish to transact in BTC will still be able to do so, a feature Liu believes will maintain the company's appeal to bitcoin users while providing benefits to a larger pool of customers.
"It removes the need to believe in deflationary money supply, decentralization, certain political leanings or the need to stay abreast of industry trends or currency movements," Liu added.
FinTech focus
The news comes on the heels of a slew of signals that the formerly trading-focused company was seeking to enter the consumer market. CEO Star Xu first hinted the company was on the verge of shifting focus at The North American Bitcoin Conference (TNABC) this January in his inaugural US appearance.
OKCoin went on to experience a string of departures that saw CTO Changpeng Zhao and product manager Zane Tackett leave abruptly for competitors or new endeavors. However, Liu said the Superwallet concept is unrelated to the exits, reiterating that his company is still equally focused on continuing to improve its exchange product.
Liu did, however, suggest the company is on a new path forward in his comments, framing OKCoin as a financial technology company that is more broadly interested in solving problems for mainstream consumers.
"We want to show we're innovative, that we're not just about speculation," Liu continued. "Bitcoin is an important, important, important part of our FinTech company, but we're trying to solve problems."
Liu's comments suggest a frustration with an industry that he implied was too focused on onboarding consumers to bitcoin as a currency.
"This type of thinking is a little narrow, how to help bitcoin users try to avoid volatility. There's this other community that wants to have an CNY or fiat wallet and think of a bitcoin address as a zip code or payment code," he said, adding:
"I don't think the average person wants to be looking at updates from Gavin Andresen and whether he put in new block sizes."
Limitations for users
At launch, Liu sees the Superwallet as more useful to its domestic Chinese users, who can connect bank accounts directly to the product, something US users are not able to do.
Still, he said there are workarounds for those who are willing to go through the current levels of friction to initiate USD purchases on the bitcoin network.
"You would buy bitcoin somewhere, including potentially OKCoin, and move the bitcoin to your USD wallet. So you don't have to have a bitcoin wallet, just a USD wallet," Liu explained.
okcoin, oklink
From there, Liu said users can scan bitcoin QR codes with their wallet to pay with fiat at the point of sale. Such new activity, he contends, would bring added liquidity to the network in a boon for bitcoin users.
"We're not changing the network. Anyone who wants to use bitcoin can keep using bitcoin," Liu added.
For now, though, he suggested the OKLink wallet is lacking refinement for English-language users. Translations for OKLink are still in development, Liu said, as are supporting versions of the product, such as iOS and Android editions.
Domestic market competition
While a change in the thinking of one large bitcoin exchange, it could be argued the Superwallet approaches concepts already being explored by other players in the wider digital currencies space that have attempted to move fiat currencies using open ledgers.
Pushing back against these comparisons, Liu argued that payment networks such as those developed by Ripple Labs are still centralized, meaning tokens function as IOUs.
In this light, Liu framed the Superwallet as an effort that seeks a similar usability while relying more on the bitcoin blockchain as a means to transmit fiat.
"If I send CNY via bitcoin to Circle, Circle owns this BTC and can get exactly the value of USD for that BTC. It does not owe any exposure to me or to any other party. Fiat should be transferred through a decentralized core and OKCoin has committed to that core being bitcoin," he said.
In this way, Liu suggested OKCoin could also compete in China, a market that has traditionally not be viewed as one where bitcoin can win a share of the payments space.
okcoin, oklink
Liu attacked this idea as well, contending that despite the low fees charged by Alipay or UnionPay, OKCoin can appeal to Chinese users who need to transact internationally.
"WeChat is a closed payment system. When a WeChat user arrives in a foreign country for example, he or she will need to install a new wallet," Liu argued.
Building an ecosystem
Ultimately, Liu envisions an ecosystem where bitcoin serves as the rails for international payments and companies like OKCoin act as the on and off ramp for users to convert in and out of different fiat currencies.
He stressed that the ecosystem needs to come together to enable this economic activity. For example, Liu noted that, today, OKLink users would not be able to send USD to a Circle wallet and have that user receive USD on the other end.
However, Liu did outline examples of how OKCoin's Superwallet could be useful for users of the bitcoin payroll service Bitwage.
"Now a Chinese person can get Bitwage and the bitcoin goes to a CNY wallet, and they get paid automatically in CNY," Liu explained.
Liu also indicated that he doesn't see the Superwallet as a viable consumer spending tool at present, given the limited number of merchants on the protocol. For this effort, Liu acknowledged the support of companies like Coinbase and BitPay is needed.
With this goal in mind, Liu ended by calling on the industry to join together for what he characterized as the greater consumer good, concluding:
"Everyone in this industry should be embracing this concept." thoughts? I can't see how this is better than the Ripple concept.
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I'm more than happy if we leave out the speculators. They are there just to make money and whether bitcoin succeeds or fails is of no concern to them. So never mind if it's a boring year. Seeing the price going up and going down only gives us all the false hope and when it finally stabilizes, that is when we should see businesses adopting it and seeing it as a stable payment system. That is really what we need.
Yes again! And if the businesses come in, it's a good time to buy bitcoins. So let's buy now before the businesses come in while it's cheap! This is the bottom. Do not listen to OP!
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no price action is good for restoring faith(partially at least) in average people, that want simply use bitcoin to buy stuff, bu at the same time a newbie that look in this section, will be worried about all those troll predicting the dead or the fall to double digits of bitcoin
Yes. I agree with Amph! Do not listen to OP. Keep buying Bitcoins, this is the bottom.
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All of us love to play bull or bear games. I am intrigued by it myself. Nevertheless, the market has matured. If bulls are talking "bullstalk" in here it doesn't matter besides bears in this forum feel reinforced, that the dowtrend will prolong. I think this is a fallacy. I find it kind of fascinating, that almost all great forecasters I have great respect for see a continuing downtrend. Knowing, that they have a big number of interested followers. I am quite sure, we have seen the low of this bearmarekt already in january. This, my beloved bullfriends does not mean we are seeing any bubbles soon. I kind of agree with master luc, that we could establish a very long sidewards movement, which could easily take more than one year from where we are now. This will greatly help the bitcoin ecosystem to flourish more and more as a payment system (cash in vs. cash out in balance + newly mined coins absorbed). It would be very daunting for get rich quick bulls. It will be boring for shorters and traders will call bitcoin a fad because of the lacking volaitility (we already see this now!). For the bullunatics, it might be even harder to see bitcoin going sidewards for such a long time (with no indication, that it could rise ever again), than hoping for the break of the downtrend and an immediate bubble. Happy boring markets! tl:dr; no price action for at least one more year. bitcoin becomes useful for users and boring for speculators.Do not listen to this guy! I repeat, DO NOT LISTEN! We are Bitcoiners!!!
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Are there any other altcoins built on Javascript? I know that NODE is based on node.js. But what others are there? Any JavaScript-based coin would have to be a new source coin and to my knowledge, there aren't very many new source coins currently out there. Yeah yeah it's Node. But there's no volume. Lot's of bag holders who cannot sell down without taking it even lower.
Just stay away. But you could trade it when it is being pumped. But get out as soon as you made some profit. These are NOT worth holding for the long term. We just don't know where these projects are going. The devs behind them could have good and honest intentions, but what can they really do? They'd need an angel investor, or better yet a VC spending millions on their project to get it going and build infrastructure. And even with that, it's not even 100% sure that they would pull it off. One good example of that is Ripple, another is Bitshares, another is Stellar. All those VC's/backers and is still having a hard time competing with Bitcoin.
Just stay away...
Part of the reason why NODE isn't looking so good right now is the Bter hack. It was the main exchange that NODE traded on (perhaps even the only one?). Exactly why people should back up and stay away. It's easy to lose money on altcoins, especially now. It ain't 2013 anymore. You could trade it though if it's being pumped. But get out real quick. This is far from a good longterm investment. edit: "Any JavaScript-based coin would have to be a new source coin and to my knowledge, there aren't very many new source coins currently out there." ^ You think that pitch is gonna make a a backer or VC pump millions in a project? Hell no.
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microguy seriously are you going to post the same out of context bs to every thread? yeah yeah we know you hate ltc, and btc; and goldcoin will take over and rule the crypto landscape..........then why don't you pony up and head back to the 3 other members on your own forum ...and leave us in peace I'm accumulating. Once I've completed the accumulation phase, I will leave this place in peace and return to my kingdom and my golden throne. Sorry I just had to That pic! LOOOOOOOOOOL!!!
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Yeah yeah it's Node. But there's no volume. Lot's of bag holders who cannot sell down without taking it even lower.
Just stay away. But you could trade it when it is being pumped. But get out as soon as you made some profit. These are NOT worth holding for the long term. We just don't know where these projects are going. The devs behind them could have good and honest intentions, but what can they really do? They'd need an angel investor, or better yet a VC spending millions on their project to get it going and build infrastructure. And even with that, it's not even 100% sure that they would pull it off. One good example of that is Ripple, another is Bitshares, another is Stellar. All those VC's/backers and is still having a hard time competing with Bitcoin.
Just stay away...
did they release the source code? is that the only coin based on javascript? Don't know, don't care. Just stay away.
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What features make a successful altcoin?
Attention, both good and bad. The difference between a successful coin and a failed coin is attention. If your coin gets attention, it will succeed. If your coin doesn't get attention, it will fail. All other matters are of secondary importance. So you think Dogecoin will succeed? There's lots of attention there. Even I have a soft spot for it.
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