Whew HBN is sure taking a lot of system resources for the wallet to run.  My old Atom netbook which I had used for HBN mining only became overburdened and did not have the system resources to run the wallet (believe it is a 4gb 1.8 dual core atom).

Moved my wallet to a full desktop (one generation old) and it takes up a significant amount of system resources, keeps my cpu busy while my gpu is mining eth.

After not having mined for a while (4, 6months? not sure) it seems that the difficulty has really plummeted, churning out a pretty crazy amount of staked HBN.

Sad to see that is is fading away somewhat. Without any new initiatives the coin will fade to irrelevance. As much as I like HBN and supported it over the years it doesn't seem to me like there is much of a plan going forward, and without one, the future looks bleak. One guy can only work on so many different projects at the same time.

As I said about 1.5 years ago or so in this thread, a coin really needs at least a few businesses accepting it as payment, especially a pos coin, otherwise the inflation will inexorably drive it to being worthless.

I'm going to say $550.

I predict a run up to $700 around the halving date, then falling down, and price will balance out to $550 to low $600.

The miners will simply need to sell at higher prices in order for to be worthwhile to mine. Lots of miners will be pushed out of business, causing further consolidation of mining [conglomerates]. But once the consolidation proceeds, the largest remaining miners (with the lowest power costs) will be able to control the market more, selling for higher rates.

Also don't think Eth or any other coins will be able to take away from bitcoin's overall market cap, to any significant measure. Even once (or if already) bitcoin is outdated and solidly a gen 1 coin in the realm of gen 3 or 4 coins, it will retain is market maker position.

The halving event is more psychological than technical. Bitcoin is a limited commodity that is only going to become rarer and harder to acquire. If only the untold millions of Chinese escaping currency controls on its own will be enough for bitcoin to continue to slowly climb, the halving event will just be a spark or 'excuse' if you will for the market to take another jump in value.

My wallet stopped staking, anyone help a hobo out?

What happened:  my eeePC is barely fast enough to run the wallet.  I withdrew some coins about a month or two ago now, and it took many minutes to process. The coins got sent but (I figure because of the long freeze/delay) my wallet no longer synced.

What I did: I removed the wallet files from the \roaming\ directory and then redownloaded the entire blockchain. Took about 2 or 3 weeks or something. Then I closed the program, put the wallets back in the directory, and restart the wallet.

Now:  wallets appear okay but none of them are syncing.  In the lower right corner, when i mouse-over the arrow, it says that its not staking because the coins are not mature even though they are definitely old enough.


Was there some sort of rescan switch or command? How do I do that again? Any advice appreciated, thanks.

Well that's it for Cryptsy, done like dinner.

 http://blog.cryptsy.com/

Oh they were 'hacked'. Pretty big surprise. I think most of us saw this a mile away.

I've been staking for awhile but not selling any HBN. Are we on any other exchanges?

"There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know."  --hero of the empire Donald Rumsfeld

These are valid and worthwhile points but personally I don't feel the comparison is warranted. Bitcoin is not similar enough to stocks to compare, as it is a new paradigm; we are really in uncharted territory with it (literally).   Even just considering bitcoin is data/energy-wealth and non-tangible whereas stocks represent physical, matter-based assets, for the most part (in generalization across an entire stock market as you suggest).

I'd say that if we hit 1k in January, then  we'll likely crash to 200 or 300 right after.

I'm personally hoping the massive booms are over (350%+ in a month say) and instead we are getting into a more mature phase of slow, consistent growth instead.

1k in Jan could happen, but I think it would be even better if we were at a steady $500 instead.

Bitcoin is simply not old enough to be able to declare any sort of 900 day cycles going on.

I'd say this is a fallacy, but interesting nonetheless, thanks for posting. But I think this is tantamount to a 4 year old ruminating on how there life has been a periodic and discernible cycle of positive and negative 230 day phases of good food and bad food. 

We haven't been above 400 that long at all so I think the odds are decent we'll see 330-360 prices again within 2 months. Personally I really hope so, and wish I bought more coins early this year.

I think the market is quite bullish though, and its not a mini bubble now but mostly healthy, natural growth (pumps being a part of this),  so I would be surprised if we fell <300, especially with the halving on the horizon and the near-complete fabrication of the funny money world of fiat currency due for another predictable minor spasms of collapse in 2016 in my humble estimation. (When its gets harder and harder to print yourself out of debt, the value of non-fiat assets and currencies will inexorably climb. The Earth is due for a lot more war or at least a couple countries economies crashing as fiscal realities clash with unreal monetary policy in 2016).

Things are lookin up.

Cryptsy really looks like it is going down. Withdrawing btc seems hopeless, but can people withdraw HBN and other alt coins? Or is it totally shutdown.

I used cryptsy less and less as my withdraw delays took longer and longer.

I'm happy. Was sitting all in fiat. Not a fan. It gives me an itch.

An itch to buy more bitcoin !

If my premise is correct -- that bitcoin always behaves in the opposite of manner of what I expect -- I believe we'll stay at 450 for a day and then climb to 500 over the 3 days.

I don't see us going sub <400 this month, but hope we do though, as I'm all fiat and sold right now.

Wrong section I think (though thanks for posting; I hate scammers).

There is an entire sub forum for 'scam accusations' I believe.

Here we go, its not exactly plain to find:  https://bitcointalk.org/index.php?board=83.0

No doom and gloom here. I think we aren't going below $325 - $330 for the foreseeable future, and will slowly climb to a 'somewhat steady' 360 - 390 range in December with peaks at 420.

I have all the proof in the fancy chart I have here.... oh darn it, looks like I left the chart at home.

But i don't see <300 like a lot of folks seem to in the near future.

But who knows.

Any guesses on the bottom?

Sincere thanks to shitfanleaks.  Thank you for this update.

I hope Jon Montroll gets cancer.

Are you really expecting to hear from Jon Montroll, or any other crooks behind Bitfunder / We Exchange? Really? If so that's pretty delusional.

What's truly funny is the shares still being traded on havelock. Even at junk prices, the company doesn't even really exist anymore and still people are trading them like any scammy crapcoin.

Personally I'm a big fan of Bitcoin's volatility.  There are good places to profit with volatility.  Trading in the vast majority of standard stocks are not even close to as interesting.

Bitcoin is also open to manipulation, sure. But the manipulation is open to every one   For many established securities and traditional investments only the banks and other big players can manipulate it.  Bitcoin offers manipulation to the masses haha .

Besides, the chaos is fun.

I've bought bitcoin as low as $10 a coin and sold as high as a $1000. And all in just a very few years. That's amazing. That's chaos, but I like it.

And after I have, on many occasions, made a successful trade for 10% more coins in the space of week (or even a day) it just makes me laugh to consider most people in North America invest in vehicles that pay them 5% a YEAR. Like what a joke, 5% a year is just around the level of inflation.

The risk is greater, the potential for loss or reward is greater. I'd take this any day over a typical mutual fund.

In short, bring on the chaos. It's really quite something. It's as interesting because we are still very much in the early stages; the wild west.