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Why does anyone need to cash out their bitcoins? Bitcoins can be used as currency, so why does anyone need to convert back to dollars? If everyone just stopped doing that, we would eventually end up with a bitcoin-only economy.
Because if nobody did that there would be no way for people to acquire Bitcoins and then whole thing would collapse. Are you really that dumb? New bitcoins can be mined as well
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whats the mBtc? i was out for some time, so sorry if it sounds stupid!
mBtc = mili Bitoin (0.001BTC) it is like mili meter (0.001 meter)
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Thank you for the story, nice you spend some coins instead of just selling, this is the way how to use currency
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My prediction is around 2018, we could see 25%-100% yearly growth from now
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Why invest in developing infrastructure for bitcoin when it will become obsolete in a couple of years. I may be assuming things but I think they are just too ignorant and have not looked into other alternatives such as world coin (more coins and fast block times which means faster transaction speed) and peer coin (first coin to have mint, more coins and more energy efficient to mine) they do not understand the potential of these alt coins. When they understand about other alt coins do you think they will still stick with BTC? Also what do you think will be the cryptocurrency of the future?
Infrastructure is what counts. All you need to understand is all altcoins are just modified copies of Bitcoin without infrastructure
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Im going to give you all freee BTC
Nah join Cloud mining, but buy and sell as well. Why should I using the Cloud mining and loose some of my BTC for sure
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What is the best wallet for litecoins ? I would like to know. Currently I just use btc-e as my ltc wallet
Litecoin-qt is the only client you can really use
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Hi, i am new here. I try to gamble on some BTC sites but like in every gamble you need lot of luck. I didn't have it so i lost some uBTC.
Any one tried sporting sites ?
Yes, but Im not much better predicting sport events than just gambling on dice
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I think this is also important for BTC to become widespread, to realise that amount of 1BTC is freaking huge amount of money (well will be in the future). And it would be better to switch to mBTC, or milliBTC eventually (when the exchange rate will grow to this level). Lately I've bought just 0.1BTC. I told about it to my friends and most of them were jsut surprised, why so little?! They had absolutely no clue, that I actually bought a hell of a lot (for the future) Nice post, it is better use Satoshis instead, buying bit over 100,000 satoshis now for just $1 seems as pretty good deal now
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No summary quotes ? I would hate open unknown document...
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As the title says it seems like the wall client is stuck on the last block in the chain. every time the chain increases it catches up but the client is forever stuck on synchronizing 1 hour behind even though it'll have the exact number of blocks as shown here http://blockexplorer.com/q/getblockcount its been 2 days since it should have finished If you have always latest blockcount in Bitcoin QT as indicated by http://blockexplorer.com/q/getblockcount you maybe just have bad time on your computer ?
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it will be 2K soon i second that, give it a week. now that it has dropped, allot of ppl will go on a buying frenzy Not week, but very likely next year
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The smart would look at this as nothing more than a speculative bubble-- everything about it is a classic bubble. If they are smart, they will probably stay away. There is a difference between smart and informed. So the informed might say this isn't a bubble at all, but they will have an extremely hard time justifying that to someone who is rightfully skeptical and using their smarts.
The ordinary might only need to be made aware, but since they're already relatively late to the game, their success will depend on the people that come after them. If there are none, they will fail. The people that got in early, or have already cashed out are the only winners so far. Time will tell if anyone buying in now will profit, but the fact remains that they will drive the price up most for those who got in early. So the later they get on board the less of a potential payout exists, not only because they're late to the party, but because the more people that buy in, the less potential there is for every new 'investor'. That will make it harder to get any ordinary, smart, or even extraordinary folks to buy in.
So you say smart people dont see how usefull Bitcoin is ? You should maybe invest some time how is Bitcoin used, and not just look at price market...
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I just bought an old asic usb (333mh/s) at 13.99 a month ago and I wish I bought a few more...right now, I'm in between continue mining or sell the usb for profit...what you guys think? If you can, do. It is safest way to make profit because the difficilty is still going up (it means you will mine less and less everymonth)
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Right, always to pay with 0,0000xx is something what the masses wont do. Another reason why altcoins will be important No need for 0,0000xx , use Satoshis instead and you will be fine. 100.000 Satohis = 0.001 BTC = 1 USD (now)
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My vote is for Satoshis, 1 BTC = 100.000.000 Satoshis, there are a lot of them! One unit to rule them all! I have to agree, it was unfortunate to set Bitcoin at 100.000.000 Satoshis just so mined block can have 50 Bitcoin instead of 5.000.000.000 Satoshis (or Bitcoins). It was helptfull at beginning but now it causes small psychological problems (1 BTC for $1200 ? seems a lot when share prices are rarely above $1000 )
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Maybe someone needs to make a tulipcoin for all these tulip whiners to buy . Tulipcoin: - Tulipcoins expire after a certain period of time. - Only Tulipcoin holders can mine (cultivate?) more Tulipcoins in a process (based on hashing power or something similar) that destroys the original Tulipcoin - Tulipcoins come in different varieties (think of levels), increasing in rareness. There is a random chance of generating a rarer Tulip through mining. Once mined, that rarer Tulipcoin can then generate other copies of itself, and a chance of an even rarer Tulipcoin. - The rarer the Tulipcoin is, the less time before they expire, the longer it takes to mine a new one, and less are mined That actually sounds like a really interesting experiment. I'm sure there's a way to replicate the tulipbulb mania in cryptocurrency by developing "varieties" or "levels of rarity" within a coin. If I had the programming chops, and the time to do it, I'd put some effort into programming that, lol. It seems more to me as game and not as currency you can use (especially the expiration thing)
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When Bitcoin userbase will be well above 100.000.000 (using Bitcoin actively), then the price might be $1,000,000 / BTC
Might take many years
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Would you guys buy the miners on eBay?
If answer is no, let us hear your reasonings!
Yes, only if the price is right so I can be sure to make profit in BTC terms
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Couldn't agree more, there are so many alt-coins out there now and most of them will in the end be worth nothing. Buying into any of them is a way larger gamble than buying into Bitcoin or Litecoin. I have to agree, the much higher alt-coins risk is not justified by potential much higher profit. And given the number of alt-coins it is hard to imagine anyone will actually use these for anything other than trade to Bitcoin
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