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18041  Economy / Speculation / Re: Will we cross the bearline in April? on: April 09, 2015, 03:34:36 PM
We going 1000 by the end of the year, get with the program my friends.

1000 cny ? Oh yeah!

you are joking but if china come again in play like they did in the 1200 peak, it could rise really fast to 1k again, bear line will be broken in no time

personally we can make it out of the bear market alive, bears are loosing their grip Cheesy

Yeah, that's what I was thinking, as well. It looks like dumps don't really cause that much of a panic anymore, like in February, and the long-term support line holds for now.

because fish are out of the game, with only bears/whales remained you can't really trick that easy their mind, their are not panic seller
18042  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2015, 03:26:04 PM
the fun part about the alts is ... they're all priced in btc ... so if btc ultimately fails / severely loses value , so does every single alt coin ...

alt are also sucking money from btc which suck money from fiat, alt are another reason why btc price is low, people see alt as a better gambling then bitcoin(faster P&D there) and they invest a lot(well now much less because of all the scam coins released)

market dilution at its finest

Quote
Question:   245 . Buy Hold or Sell?
Buy   - 33 (37.5%)
Hold   - 25 (28.4%)
Sell   - 30 (34.1%)
Total Voters: 88
And hodl option?

Why not the option of "buy and hodl"?

You can't hodl unless you buy.

I am currently buying btc and trying to hodl as opposed to buying btc and <redacted>.

how so? what about early adopter, or who made bitcoin in some "easy way"(not scamming, but i'm referin to gambling or instamining)?
18043  Bitcoin / Bitcoin Discussion / Re: Has anyone successfully evaded collections agencies by exchanging fiat into BTC? on: April 09, 2015, 03:18:29 PM
it depends on the amount to be honest, for small amount, they will not track back you(tracking back someone for evading isn't free, it cost money, they can't do it everytime)

for big amount i'm waiting this year(june for taxation up to september) to see if i succeed in evading taxes or not lol, i know it's stupid, but bitcoin isn't regulated here and i don't want to pay taxes for this
18044  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: April 09, 2015, 03:00:09 PM
For those who was in 2011 and talking Bitcoin here, yes, they are the wealthy elite now, for now for us who talking Bitcoin dropped from $1000, yes, we won't be elite after them.

Unfortunately, I too came after the ATH bubble burst in 2013, so I, along with any relative newcomers could be considered "Elite poor".   Cry

Hopefully, things turn around soon for us Elite bums...


same boat, i was here before the bitcoin boom to 1200, but too bad i was just starting to collect my first bitcoin(tnx to doge), so i couldn't sell anything at that time
18045  Bitcoin / Bitcoin Discussion / Re: What if YOU could put 1 feature, change, whatever, into the Bitcoin protocol? on: April 09, 2015, 02:56:47 PM
I would like normal people with low spec computers. {CPU/GPU's} to be once again able to mine Bitcoins. It should have built in code to detect mining farms and throttle/reduce their income, to make it less viable for them to mine on such a big scale. {ASIC proof}

Then, companies like DELL can pre-install mining software with every computer the sell, to be enabled by the user, when the computer is not in use. {The user will then get rewarded for sharing his CPU/GPU to help with mining and he can pay his electricity bill automatically} In a perfect world, this should cover his full bill, with the added electricity he used for normal use and the extra electricity he used for the mining.  Wink

This will put some money back into the pockets of MANY people, who are in debt and enable projects where electricity costs are a issue and also help with sustaining Bitcoin mining.

We can just dream.  Sad  

The idea is very interesting and I think you are trying to tackle a very important problem, but building specialized machines (ASICs) in order to solve a PoW-based task will always be possible, I believe :-/

Even if you have ASIC-resistance, big companies can buy thousands of CPUs and have mining farms as well. It may not be as efficient as ASIC, but they will certainly have an advantage over the common users.

common users in this case, would have a bit of breath, because they could use gpu, which are far better than cpu, they will still be behind, but they at least will put a dent on it
18046  Economy / Micro Earnings / Re: Big Faucet Bitcoin and Big Claim on: April 09, 2015, 02:49:58 PM
this faucet's reward is kinda cute. 90% for 400satoshi and 10% for 450satoshi, 50satoshi difference for the highest amount.. xD btw thank you i recieved 400satoshi Smiley goodluck to your faucet

Thank you for your visit....

The problem is that there are many more with higher rewards than this...

they require registration too, this is more fast and simple, and reward is good enough for a faucet like this
18047  Bitcoin / Electrum / Re: Unwanted transaction sent in Electrum on: April 09, 2015, 02:15:34 PM
No, you won't be safe saving infected files into a external hdd and then reinfecting your self. Format your who computer and let got the files too.

How do I do to recover my wallet.dat in this case Huh ?

your wallet data is worthless now, the scammer probably have sent your coins to another address

create another one after the format and this time, store your bitcoin in a second wallet.dat which you keep in a cold storage, and plug only in a safe machine
18048  Economy / Speculation / Re: 100 bitcoins. Will I be a millionaire by 2020? on: April 09, 2015, 02:07:53 PM
Not a chance, Bitcoin will go below 100 in 2015, below 50 in 2017 and disappear in 2018. Meanwhile RippleLabs will control the world. BUY XRP NOW !

xrp are doomed they have no chance to grow, you know that they pay their employers salary with it? it can't grow ever, get over it

bitcoin on the other hands, has immense potential, it just need to suck more money from fiat, in other words more buyers and less dumpers
18049  Economy / Service Announcements / Re: bitcoin to paypal instant exchange on: April 09, 2015, 02:04:12 PM
this is likely a scam, minimum amount for deposit is too high

be aware
18050  Bitcoin / Bitcoin Discussion / Re: It's about time to turn off PoW mining on: April 09, 2015, 02:02:36 PM
Yes, PoW mining just waste too much energy, and the most important thing is mining is become a game between rich people who can afford buy the Asic miners. Everyone can mine bitcoin is out of date.

but pow isn't really the problem, at the best they are dumping 2k-3k coins, this amount can't do nothing to the market, even if it is every day, also the heat generated can be used for something useful, not a total waste in the end

the real problems are

early adopters(and their manipulation)

not enough adoption(because of security)
18051  Bitcoin / Bitcoin Discussion / Re: Bitcoin is just to complicated for the average person to use.. on: April 09, 2015, 01:54:38 PM
I think we should found a way to make bitcoin easy, so most average can use bitcoin without knowing detail about bitcoin Roll Eyes
If that happen, bitcoin users will be greatly increased in future

what is hard about bitcoin exactly? running a client? it's like running every other program..spend them? it's like going in your bank account and do a bank transfer(which far slower, you need to fill all the free fields ecc..)

there is nothing difficult about bitcoin really, they are afraid of losing money, because when you are in control of something, you are more free to do what you want with it but the responsibility will also rise
18052  Bitcoin / Bitcoin Discussion / Re: Mandatory Bitcoin purchasing, to be performed by each state on: April 09, 2015, 01:49:10 PM
How the heck can you "mandate" states to purchase Bitcoin?
This idea seems completely unrealistic. Who would enforce such an agreement? The people?
If it's to promote Bitcoin and make its price rise or something, there are other ideas that are a lot better than this.

Well, it's just a suggestion - a rather wild and crazy one, that's a given. But I'm merely speculating here what could be done concerning the global economy and what kind of results or consequences could come from those ideas Smiley
Wrong. You can't mandate anything. Unless you're forcing them, but then we'd probably be at war.
Even though it would be nice to see countries buying some, once can't mandate them. You could suggest it to your politicians (if you have contact with any).

At war? How? The Bitcoin community of a couple thousand people, at war with all the states of the world?
Suggest to politicians? Why would they add part of the state's budget to a volatile, unstable currency that does not offer any investment incentive to the state?

What kind of results or consequences would come from politicians proposing this? Well, no one will be exactly sure, but you can be certain that they won't be voted for again.

yeah better to keep spamming their toilet paper, that is rising the inflation like no tomorrow, they can't be interested in bitcoin, because

1 it isnt' big enough, and we know they buy things only if they are already big

2 bitcoin is decentralized, and they love to have the control on everything
18053  Economy / Speculation / Re: China lower the power price and cause bitcoin crash? on: April 09, 2015, 01:39:38 PM
why it should? you know that the numbers of bitcoin mined is a fixed number? 2 cent lower won't change anything

the problem with bitcoin crash is more related  to the fact that there aren't enough buyers, nothing else

Low buyers is one factor, the other factor is that if the sellers are more than the price gets further driven down.And since the chinese are more likely to dump, so a drop in price of electricity, will have them run their miners at full capacity, generating more coins there due to higher hashing, which in turn means they will dump more driving the price down.

this assuming that the other miners aren't dumping as well, because as i said above the bitcoin produced every day is a fixed number, so let's say that only 2400 coins are dumped every day(66%), and let's say that 50%(1200) of those come from china

if they produce more coins, it mean that someone else is producing less, again let's say they will produce 33% more, this result in 1600 coin from china and 800 from others

now if the one that is producing those 400 less coins(could be the sum of many small miners or anything else it doesn't matter) was dumping too every day, it won't change anything, instead of them dumping, now there are chinese that are doing it
18054  Other / Beginners & Help / Re: 21 million not never !!! on: April 09, 2015, 01:29:15 PM

if the 30% of bitcoin lost is true then the price, should not go even below 1k, but we are at 200, the price is more related to interest(you can call this adoption) of people in bitcoin than its supply
You have no idea what you're talking about. Read Economics 101 for newbies: http://www.whatiseconomics.org/economics-101
I'm not even gonna bother to tell you and provide links to why you're wrong on so many levels. You should rather do it yourself this time instead of making a crazy amount of posts a day.

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free

Yes but we are not talking about ordinary things. Yes some things fade away as the trend falls but bitcoin is in its genesis right now, this technology is so new, and bitcoin itself as a payment system, that people will want it.

Of course not now, but once they awaken that card dealers are thieves charge 4% comission, and bank transfer 10% comission really? As of bitcoin is only 0.0001 BTC (<1 cent)

So eventually the more time will pass the more interested people will be. And many card dealers will go bankrupt soon.

well yes but this is just a possibility, there is no guarantee that the interest for bitcoin will grow with time, because there are chances that bitcoin will die before reaching that status, or the interest of people shift to another better currency, while bitcoin even with its 21M mined, will remain at $200 dollars price

the interest of people is unstable as bitcoin, you know...

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free
I'm actually not surprised that you think that you know what you're talking about without any visible knowledge. Sure, don't educate yourself. You don't need to read, learn, stay ignorant. How about we start pulling more facts and bold statements out of magical hats?
Yes, this seems to be the case. Your posts are often rather very contributing.

I don't think that the current generation should worry about the supply after 2100. We will most likely not live to see the day. Besides, we have more important things to work on right now.

there is nothing to be educate by reading that link, it's a simple fact, you can't take into account only the supply, there are many other variables that influence the price


Thats simply not true. If the crypto currencies will survive, and they have no reason not to, govenrments cant shut down every one of them without exposing themselves and creating big controversy.

Otherwise there is demand for it, global banking system sucks, so here is a healthy alternative.

And until 1 crypto grows, it grows all cryptos, 1 shill-coin can advertise the whole industry by itself, and people will diversify, and since bitcoin is the 1st one it has a pretty good change of succeeding even if a better one comes along, unless some security flaws will be found , no reason why bitcoin would die.

i'm not talking about crypto in general, but about bitcoin(the rest are just clone), you can't say for sure that in 10-20-30 years bitcoin will be still alive no matter what

there is a chance even if it remotely(actually it isn't, at this point it's already at 25% dies, 75% survive or worse...)that bitcoin will not survive

and you are wrong about shutting down many of those scam coins, even one miner with a good hash can shut down many of them, because they have so low diff that they can be 51%'d so easily it's not even funny

government would not even bother to shut down those coin
18055  Other / Beginners & Help / Re: How many wallets do I need? on: April 09, 2015, 01:22:50 PM
3 wallet are good imho, generally speaking one is for your main desktop with low amount on it, and two for cold storage, because sometime they can be corrupted, if you remove too early your pendrive/other hw error/ecc... one never know

i like to have this setup myself

Paper wallets are better for cold Storage

i don't like paper wallet, it is better to have an encrypted wallet and use it on another machine, it is much safer than any other solution

two machines are mandatory if you want to have the best security and therefore at least two wallet
18056  Bitcoin / Legal / Re: My wallet on the computer was robbed on: April 09, 2015, 01:18:08 PM
Thanks for your advice, I felt safe, because I had Bitdefender anti virus programme installed, but that one completely disappeared. Looks like the attacker could delete it.

My bitcoins went to this address:  1GgJkUADnzZ6kNF13toGpv7o8bCj3WYQov

One attack came from this IP: 51.21.9.22 Netherland, NL
Second one from here: 198.38.94.199   ALAMO, CALIFORNIA, UNITED STATES   2015-04-09 06:59:08 EST

Can somebody help me to trace this guy ?

if he deleted the wallet, you have probably a rootkit or rat, because some antivirus have protection against cancellation from malware(i know malwarebyte has chamaleont)

tracing him would be really hard because it seems he is using a proxy/vpn
18057  Bitcoin / Bitcoin Discussion / Re: Mandatory Bitcoin purchasing, to be performed by each state on: April 09, 2015, 01:13:52 PM
they must purchase at least one bitcoin each, and they should not sell until the price is doubled, and in any case without dumping so much that it will return at previous value(i would say the dump must be of 25% of the price)

this will rise bitcoin to 50% after every dump, dump should occur every 3-6 months

1 BTC isn't enough in my opinion. I think tying it to the countries' GDP is better. Or let's say 50k BTC have to be bought every year and the countries each have to buy an amount according to their relative GDP of that year.

yeah you are right, but was just an example, it could be 10 or 100, there are about 200 country in the world, so 500 each would be sufficient i guess

resulting in 100k a year, i find it good enough if we compare it to the supply table
18058  Bitcoin / Bitcoin Discussion / Re: Is regulation really coming to Bitcoin ? on: April 09, 2015, 01:07:26 PM
And who gets to make the regulations?

IMHO some kind of voluntary certification process for exchanges should be encouraged. Most people would prefer to deal with an exchange that is certified. Those who want to take the risk and deal with shoddy, uncertified exchanges could choose to do so as well but I'd imagine this wouldn't be popular. Different certifying organizations could exist with different interpretations of what an exchange should and shouldn't do. That way, you can pick the one that most agrees with your viewpoint and see what exchanges that they have certified.

usually is the government that regulate something, and regulation mean you lose all anon features, not a big deal for many(as we leave in facebook era) but other is really important

also in many country bitcoin is already regulated, because they have applied taxation to it
18059  Bitcoin / Bitcoin Discussion / Re: Mandatory Bitcoin purchasing, to be performed by each state on: April 09, 2015, 01:02:32 PM
they must purchase at least one bitcoin each, and they should not sell until the price is doubled, and in any case without dumping so much that it will return at previous value(i would say the dump must be of 25% of the price)

this will rise bitcoin to 50% after every dump, dump should occur every 3-6 months
18060  Economy / Service Discussion / Re: Would You Use a Bitcoin Debit Card? on: April 09, 2015, 12:42:41 PM
The only real Bitcoin debit card is Coinkite. All of the others mentioned here are just fiat debit cards that happen to exchange from a Bitcoin account when used. You're still paying in dollars.

isn't this just an online wallet? better to use blockcahin.info instead, the point of converting in fiat is that many people still are not so accustomed to bitcoin, and there are many service that accept bitcoin yet
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