the first coin ever minted and the last coin ever minted would have some sentimental value for many
especially if it was never used etc
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Some of the more transparent deposits and also personal loans are the main reason I keep buying bitcoins. I'd rather my money be working for me than having it sit in an interest-free checking account.
there are term deposits and fixed rate acounts that pay % of interest and guarantee the principal nothing like the rates of BTC investments though
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I agree that GLBSE seems like it has some great opportunities, but I'm limiting my exposure in case it's a ponzi within a ponzi...
Inside 12 months most of these "great investment opportunitys" will have collapsed into failure the rewards are far too big to be sustainable if real world saving investments are paying 5% -8% per year its unlikely that BTC can continue to pay 67%-3400% without some people losing their principal ,i would love to be wrong about this but i think the decisions of a few are going to change the community forever
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Hi! We just put online our Free Bitcoin faucet over at http://btcfree.net ! Come check it out and if you have any spare change please donate to the pool to help others get started with Bitcoins! Donate: 1GBLNvWtRs5TxNnoERsvL2tn6R5CMQqXoK Thanks http://btcfree.netChange Log: - Added 'Top Donations' requested coin a few hrs ago ,and no recieve your site must be run out of BTC already
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Withdraw your coins from pirate a few hours early .........Problem solved and loan not required
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"How can somebody so confidently earn ~2% a day in this market legitimately? No one is so godlike that they can produce this amount indefinitely just via trading highs and lows on a daily basis - especially considering the heavy 1% trade fees." I know it's possible, but not predictable nor likely. I realize a lot could have been made through bitcoinica leveraging and market manipulation, but even that has its limits (like it crashing / being broken into constantly).
Do you really think pirate pays/paid 1% trade fees? Redo your math with more realistic numbers. I think he's referring to TWO trades - one buy and one sell. Most exchanges are about .5% each. You have to cover a one point spread between your buy and sell. Actually, with any sort of volume on Gox, your fees are much less than that. So reduce your numbers even further. ~2% was based on 0.5% fee over 2 trades, assuming he has the 500k volume limit (which may not have even been the case for much of his "banking" days). He claims 10% profit per week (on a post somewhere on this forum a few months back)...which means over 7 days, roughly 1.5% per day growth on average. ~1.5% + 0.5% = ~2%. I don't particularly think it makes a big difference even if he paid no fees...1% "confident" profit per day on a massively volatile and sometimes utterly stagnant market is living on the edge of insanity. Firstly you have to be right almost all the time, and secondly you have to be so perfectly right on big moves that any wrongs are minor are easily absorbed. Apple did well with the iPad, but they will certainly produce some crap products in the future, and had a hell of a lot of shit before it too...that's just normal business wins and fails. In the early days I gave him some coins, but it wasn't because he was claiming arbitrage...at the early stage he said he was earning coins through local business transactions, the specifics of which he wanted to keep anonymous for the sake of his safety, and should anything "happen to him" during transactions the coins would be safe and returned somehow. Over time his ability to accept coin with little need for rejection (which implied either his business grew perfectly with however many coins he had, or the coins weren't really relevant to any real world productivity) made me rethink the situation and I cashed out. I don't regret doing so, even though he still seems to be doing just fine. Thats another valid point , if pirate gets run over by a bus tomorrow ,and hes got around 500k of everyones coins in some encrypted account or wallet that nobody knows the password except him......... is there any partners or any failsafe in place for investors to withdraw deposits ? I had around 5k coins deposited with pirates accounts and i have reduced it to 1k recently because thats all im comfortable losing when things go wrong If i had more confidence ,i would put the 5000 back in ,even more but too much risk depends on the too little information being given out
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Translation: "I believe that bitcoin needs more drug users to buy into bitcoin in order for the market price to go up. Let's promote illegal activity in bitcoin guys!"
I believe bitcoin has a bright future ,and will be around long after silkroad is gone
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my intersango refernce number is attatched to every payment i send them automatically by my online banking so this is not an error on the part of me or my bank
its intersango 100%
If it's not in your account then either you or more likely your bank made a mistake. no,intersango and/or metro bank have an error in the user interface about some technical failure are you just blindly defending their incompetence without reading whats actually being posted ? do they pay you well for this ? Derp, phantomcircuit owns Intersango. Idiot. well then he should fix their incompetence instead of making excuses to try and justify it . No wonder intersango is going down the crapper with attitudes like this . Idiot.
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my intersango refernce number is attatched to every payment i send them automatically by my online banking so this is not an error on the part of me or my bank
its intersango 100%
If it's not in your account then either you or more likely your bank made a mistake. no,intersango and/or metro bank have an error in the user interface about some technical failure are you just blindly defending their incompetence without reading whats actually being posted ? do they pay you well for this ?
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Considering, that Bitcoin is a deflationary currency, while the dollar is inflationary, it's even more unbelievable for some business to generate profit of 7% a WEEK. I can't imagine how something like that should be possible without scamming at some point.
No, no, you should totally trust an anonymous person dealing in an anonymous online currency who claims to be able to offer you 3400% APR returns with no risk. What could possibly go wrong? Although, this has been discussed to death If you cant trust a pirate ,who can you trust ?
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Intersango seems to be going down the toilet rapidly
They always had problems with banks, hardly their fault (if what they say it true). Sometimes funds clear both ways in a matter of hours, sometimes it takes 3 days. If you take into account that deposits and withdrawals are essentially free, despite some problems along the way, their service is still very good (but guys, rescue your site, it's trapped in 1995 ok, 2000, you have rounded corners ). I would be inclined to believe that but i have made previous transfers to INtersango ,they are on my officially authorised payments list ,same as my electricity .phone bill etc and i have underwent security verification at my bank already to prove that my transfers to intersango are genuinely innitiated by myself my intersango refernce number is attatched to every payment i send them automatically by my online banking so this is not an error on the part of me or my bank its intersango 100% how many days does it take to add a faster banking transfer to my account ?
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Hello, I have an account at intersango.com. for 4 months. i did some payments before withouth any problems. on July 16th 2012 a want to transfer 29.5555 bitcoins (200 eur) to a bitcoin-adres on a silkroad account. That transaction was not successful but they did write it off my intersango.com-account. so i have been in contact with intersango.com, he said that there are technical faults in there system, he said, if I gave the transaction data/request ID, he will sort it out. A minute later, i got another message from intersango.com that they will close my account because it is illegal to transfer money to silkroad. I have never known that it was illegal to mention silkroad, otherwise I would not do that. after that I have several times try to contact intersango.com but they fail to respond back! the last respons from intersango.com was on the 18th of july. intersango.com got my 29.5555 bitcoins and i want it back! What should I do now somebody ? regards ben. ps, sorry, my english is not very good, i am from holland. silkroad address'es are anonymous and not recycled there is no way they could have known that address belonged to silkroad UNLESS you paniced and told them as soon as the coin didnt show up (SR transfers can take a couple of hours to appear ) next time ,transfer to your own wallet first ,then silk road
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The facts are someone failed to pay back customers of Bitcoinica. This is what matters. Since noone really tells us who the fuck owns Bitcoinica it is clear customers will blame the operators. Would the operators be so kind to tell us as to where we can address our losses? And don't give me this New Zealand shit.
I'm not defending anyone here, but please can we keep this thread free of bitcoinica stuff and only about intersango. +1. Please post in the other thread for this. What's the status on UK bank withdrawals today? They all processing okay? I made a GBP to intersango metro bank yesterday and its showing as : Technical error on Metro interface. This same crap for 24 hrs now when its a small deposit from one uk bank to another Intersango seems to be going down the toilet rapidly ,first they cant process withdrawls until maybe 26th-30th Now they cant process deposits ,I would advise everyone to steer clear of them until this mess is sorted seems like they cant do anything at the moment ..........
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I was looking this morning at the MultiBit download stats. They are running at 90 a day. It got me thinking: With code improvements and general growth in Bitcoin awareness, is it possible that this number will increase over the next year to, say, 200 a day ? Yes. That would be 6,000 people a month trying it out (or upgrading or whatever). 72,000 a year. There are now at least a dozen clients (full, lightweight, hosted, hybrid, mobile, etc). With comparable download rates (ok - that is a bit of an assumption) the total "yearly Bitcoin client download/install rate) might be: 12 * 72,000 = 850,000ish per year. It is July 2012 now. At that rate we would most likely hit 1,000,000 Bitcoin users by the end of 2013. There are lots of assumptions and guesswork in the above but it does not seem outlandish. but bitcoin fanatics mess up that theory since most will have tried alternate wallets ,lite wallets ,smart phones and maybe also back up wallets and multiple instances of the original wallet on differnt pcs etc i would guess the majority of the community has downloaded more than one wallet per person already
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The right time to buy them is: the sooner the better (i.e. now).
The right time to sell them is: never. Although the right time to start spending (or living off) your Bitcoin fortune will probably be in several (e.g. 4-5) years from now.
i think this may not be the best time to buy ,if someone bought yesterday he could have paid almost 10 USD per coin which crashed rapidly to 7.xx something there may be a bit more buying in the 7's and even high 6 's
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This warning is triggered when all of the blocks incoming are rejected. It means that either someone is pulling an expensive targeted attack on you (unlikely) or that you are running an old version of the client. If neither is true, you can probably redownload the block chain to fix it.
thx,i got it sorted in the end by switching the wallet.dat file to a wallet with a differnt "uncorrupted blockchain"
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where do you go to sell something at a higher price than what the market is willing to pay for it ?
Where people who buy it don't want to be in public. Its easy to buy anything anonymously at market price ,just have an agent make the buys on your behalf I doubt theres some billionaire/organisation paying pirate way over the odds to buy into bitcoin he claims to be making around 10%+ per week so its easy for him to pay up to 7% and still make a killing ...... Very interesting .......
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sent a batch of coins to a wallet that was was working perfectly yesterday
now ,it shows a warning message of : WARNING :Displayed transcations may not be correct ,You may need to upgrade or other nodes may need to upgrade !
ive tried a clean install over the top of it but its not helping
its stuck on block 189751 and its refusing to download any more of the chain so the coins can not and will not arrive at this wallet until i can get it fixed
How can i get it to download the chain correctly without losing any coins ?
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Your account is one number away from mine.
This should not be possible. At the very least, MtGox should add a checkdigit to the account numbers. its quite rare you actually hear anything good about operations at MTGOX .........
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Do you really think someone with this kind of money sells his bitcoins on the market?
Nobody will sell at below market value regardless of their wealth status ,and where do you go to sell something at a higher price than what the market is willing to pay for it ?
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