Over the past month the ranges have gotten tighter and tighter, with volatility shrinking almost by the day. Volume has been steadily declining also. I can feel some action brewing soon...
For sure and to be honest with how long the downtrend has been going on for I think the chances are more than likely it goes up. We havent heard a peep out of China for a week or so and other than the dump on the 11th we've been steadily going upwards for 10 or so days. |
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How did Hazard only make it to the Belgium reserves  |
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 you can buy those??? 
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Outrage lol. The article says there is believed to be about $8000-$13000 worth of BTC on the site, so like 25 coins? Hardly an outrage by many people is it... |
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But I'm talking about the bitcoin community somehow banning Bitcoins that the GOVERNMENT take. Not the other way around  You cant have it both ways, as soon as you've undermined the decentralized trustless system, its ceases to exist. |
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Are we in the midst of a pump and dump? Considering the lack of volume one wouldn't think so but with the price having been slightly increasing since about 20:00 EST last night until now I'm wondering if a dump is in our near future?
Why is every move met with "pump and dump" Its risen close to $10. But for future reference a period of low volume is a good time for a pump. |
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When the GUI wallet can lanch? When the pool can come out? I can't mining anything with my I3 CPU  There is a GUI wallet being tested, feel free to test it if you like. Pools are nearing completion, it has taken a while due to not being a copy paste coin. |
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The very basic arguments behind blacklisting coins is preserving the fungibility of BTC and also the question of who decides what gets blacklisted.
As said though its been discussed as nauseum.
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I'd imagine that it would be a while before being a BTC millionaire gets you on the rich list.
In regard to that rich list, i'd take it with a grain of salt. Its speculative at best.
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[snip]
Where are you placing it? What bit version is your PC? |
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I don't have ".../AppData/bitmonero" folder, what should I do? In what place blockchain.bin should be placed?
Also, with "show_hr" command I got "Mining is not started". I'm starting by bat-file from "getting started".
Okay, First off you have to create that folder in $AppData$\Roaming\bitmonero then you can put your downloaded blockchain in there. To mine you have to type start_mining [number of threads] in the simplewallet.exe windows not in the bitmoneod.exe e.g start_mining 4 Then you can use show_hr in bitmonerod.exe If it says daemon busy when you try and start mining it is because the blockchain is still syncing. Thank you. Why is this written on http://monero.cc/getting-started/#installing-monero: "./bitmonerod --start-mining MRO_address --mining-threads number_of_threads This line above is the only one you have to know for mining. Be it on your computer on another computer. You don’t even need your wallet open to mine". This is daemon, not wallet. That is a linux command. Yes you don't need to use simple wallet to start mining but its the easiest and if your just mining on your personal computer there is no need to use that command with the adress just start_mining <number of threads> is all you need. It comes in useful when you have more than one system mining but you want it to all go to the same address. the equivalent windows command is something like start_mining <address> <number of threads> in the bitmonerod.exe window. |
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I don't have ".../AppData/bitmonero" folder, what should I do? In what place blockchain.bin should be placed?
Also, with "show_hr" command I got "Mining is not started". I'm starting by bat-file from "getting started".
Still no answer  Also, x64-version of bitmonerod says this (x32 works well): 2014-May-14 14:24:58.138501 Initializing p2p server... 2014-May-14 14:24:58.154101 ERROR c:\temp\bytecoin\git\bitmonero-master\src\p2p\net_node.inl:77 Exception at [node_server::init_config], what=invalid signature 2014-May-14 14:24:58.169701 ERROR c:\temp\bytecoin\git\bitmonero-master\src\p2p\net_node.inl:203 Failed to init config. 2014-May-14 14:24:58.185301 ERROR ..\..\src\daemon\daemon.cpp:148 Failed to initialize p2p server. 2014-May-14 14:24:58.200901 Mining has been stopped, 0 finished lol, I answered it above... |
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Meh, if it makes it sound better I dont mind that.
The problem is that it has to be fairly simple as all the teams have to unanimously vote for it and for the rule change.
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I don't have ".../AppData/bitmonero" folder, what should I do? In what place blockchain.bin should be placed?
Also, with "show_hr" command I got "Mining is not started". I'm starting by bat-file from "getting started".
Okay, First off you have to create that folder in $AppData$\Roaming\bitmonero then you can put your downloaded blockchain in there. To mine you have to type start_mining [number of threads] in the simplewallet.exe windows not in the bitmoneod.exe e.g start_mining 4 Then you can use show_hr in bitmonerod.exe If it says daemon busy when you try and start mining it is because the blockchain is still syncing. |
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i download 32bit binaries and i have problem file not valid for win32 , anyone know to fix this ?  Double check you definitely downloaded 32 bit binaries and for the love of god please dont use XP for any crypto or any other security related stuff. |
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In any market price is directly dependent to amount of money willing to enter the market.
Thats not true. In any market price is directly dependent on supply and demand dynamics. Directly related to money Well yeah price is a unit of money. Okay to rephrase slightly. The amount of money willing to enter the market, offset by the amount of money wanting to leave the market. If I said to you 100 billion is entering the market you would shout from the roofs how this means that price must go to $1mm each? Right, but what if 101 billion was willing to exit the market. Its a two way street and you cant say just the money entering the market dictates the price. |
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In any market price is directly dependent to amount of money willing to enter the market.
Thats not true. In any market price is directly dependent on supply and demand dynamics. |
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windjc, while realising that fresh fiat is important its also necessary to remember the other ways the market can move. eta say theres $10mm on the sidelines at Stamp. Say there's 10k BTC to $1000 if the sellers all leave their sells then $10mm is needed to get there. Say the sentiment changes and or good news. All of a sudden there's only 4k BTC to $1000 this only takes $4mm, 60% less. Im not arguing that fresh fiat isn't important or that it wouldn't help the cause but I think its important to consider other dynamics in the price rising.
Sentiment is not going to change without fresh fiat. It's not. Hell, how much more bullish can sentiment get anyway? We are in a 5 month bear market and most people here are incredibly optimistic. However, these same people have very little new money to invest. If no one chooses to sell we can't go down. But the longer we flatline the greater the chance that "big bad news" from China will rear its head. And for those of you that say it can't get worse, it CAN. I.e. ---> Houbi closes, Houbi is insolvent, China bans bitcoin literally including exchanges, etc etc I think its important to remember that world wide sentiment can not be gleaned from this thread or this forum. We're just speculating, everyone thinks their way of seeing things is correct but in reality we wont know until most things happen. I personally think that a lot of the money is there, its amazing where it all comes from once a bull run starts. I agree that China can always drop a news bomb but their daily exchange volume has been dropping since the middle of feb. I'd argue this is people cashing out and the effect of this has also helped drag the other exchanges down due to coins leaving. I think what a lot of us disagree on is ,if we could get an exact number now, how many coins do the Chinese have? I'd wager that my answer would be lower than yours |
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I am baffled by the complete lack of instructions for the software associated with this coin. Can someone put some instructions on how to get started with the wallet and mining? I am sure there is something within one of these 80+ pages but do we all have to reinvent the wheel?
seriously man...sooo frustrating... What are you having trouble with and I can likely help, its not that difficult but I agree it takes a moment to learn rather that a copy paste qt. |
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windjc, while realising that fresh fiat is important its also necessary to remember the other ways the market can move. eta say theres $10mm on the sidelines at Stamp. Say there's 10k BTC to $1000 if the sellers all leave their sells then $10mm is needed to get there. Say the sentiment changes and or good news. All of a sudden there's only 4k BTC to $1000 this only takes $4mm, 60% less. Im not arguing that fresh fiat isn't important or that it wouldn't help the cause but I think its important to consider other dynamics in the price rising.
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