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The biggest problem I found was the exchanges often require more confirmations than a normal wallet before they will let you spend your coins. Cryptsy has often left my deposits stuck on pending with over 500 confirmations. Bittrex can require 20 confirmations instead of a wallet's 5 confirmation requirement.
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Thanks, I'll give it a go.
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How do I make a backup of the blockchain from the recommended client?
You don't. What is it that you are trying to do exactly? I heard the blockchain from the recommended client can sometimes get corrupted, so I want to back it up by making a copy of it. If it gets corrupted I want to delete the old blockchain folders and replace them with the backups. Then I would only have to sync from the point in time that I made a backup. |
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How do I make a backup of the blockchain from the recommended client?
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It often takes a long time to send coins from one exchange to another. By the time your coins arrive at an exchange and are confirmed their price has usually dropped. I'm sure that bouncing coins between exchanges sometimes works, but I have been burned a few times doing it.
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all altcoin are scamcoin...  actually no. Some alts provide new features that bitcoin lacks. |
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It says "once the takeover period is complete (happening through the month of August), MintPal will be fully managed and operated by Moopay".
That explains why they are ending the voting system in September.
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How many coins will the first release support?
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How often does this pay out? Is it one of those faucets where you have to use it a hundred times before it will pay anything out? |
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I don't really like reading about scams, I'm just here to find out about the latest one's so I don't get ripped off by them.
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I vote NXT
As you should, it is one of the few that are not a quick ponzi scheme. Actually nextcoin is exactly ponzi. Since there is no way to acquire it other then buy from current holders last one that buys before pyramid collapses loses. That is exactly the definition of ponzi. I think some big government organization recently released a report on bitcoin that described it as a naturally occurring ponzi, or something similar. If an important organization still regards bitcoin as a ponzi, then it no doubt tar all the other alts with the same brush. I don't think bitcoin or Nxt and all the other alts are ponzis, but it's easy to call them ponzis. |
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When will you release 32 bit executables for windows?
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Is Ethereum backed by any Universities of big businesses? The dev team includes someone with a professor title, so I was just wondering.
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Is the 7% interest on your bitcoin, not it's fiat value?
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Who ensures bitUSD and bitGOLD are worth as much as USD's and GOLD? Is there some centralized entity that ensures the prices?
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What I think: A lot of people have their summer vacations right now, and many of us (tech geeks at BTC forums) has all or most of their savings in BTC.
So they sell some to get money for travel and vacations. Sell pressure. At the same time that buy pressure is low when a large part of us is on vacation.
And major investors won't step in right now. Probably in september/october we will see a lot more action.
Personally I would actually LIKE to see BTC be at this level or lower, for at least another couple of years (!!) so that I can save and invest more money in BTC.
Also stability aroung $600 would probably help for more mainstream adoption.
The main criticism and skepticism I've heard is about the volatility. Personally I think 1 BTC should be worth at least $2000 by the end of the year, and I believe that it possibly could be worth x10 times that, in 2014. But it would be much more profitable for ME if thoose level is delayed a couple of years.
I was really puzzling over why the price kept trending downward given that running a full node has shown me that the volume of bitcoin usage has gone up significantly lately. But this explanation makes a lot of sense to me, I'd wager this is what's going on. Just wish I had bought now instead of several weeks ago when it was $650. Oh well, I'm still confident that it'll go up again - eventually. This makes sense to me because I was considering selling some of my investments to go on vacation myself Go right ahead and sell then ill buy them up xD Sell later n go on bigger longer vacation or go in Dec for Christmas  Unfortunately, I decided not to have a holiday because they are usually shit anyway. I'm sure you will find plenty of sellers though, judging by the way the price is falling. |
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Prices are soon to fall again and already said time and time again over different section here too that price will eventualy fall into the mid $400s before even climbing back up to high 700-800 area... Should see a few more drops in the 500s to 470s areas and possible to 300 mark depending on the last part of this month and 2nd quarter of next month.
Do you think specific events will cause these drops, or do you think they will happen without any obvious causes? |
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5% inflation rate was a stupid mistake, the time they decided not to fix the mistake was the time when Doge's long decline started.
Yep. Someone just needs to fork this bitch to have a strong cap @ 100 bil & merged mine with LTC (could even dual algo merge mine like HUC does with SHA-256 and Scrypt...) I had some hope for DOGE when they were discussing lowering the 5% inflation rate, but I despaired when they decided to leave it at 5%. |
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I thought all their bitcoins were held in one address which has had no withdrawals from it yet. |
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Wouldn't we get better advice off a hero member rather than a newbie?
I don't think it's a newbie. I've come to the exact same conclusion. There is always a squeeze before a jump. I've been caught by it twice. Never again. How low do you think a squeeze could push the price down to? |
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