Nothing for me yet either. I'm so determined to get those coins back I started speculating on LTC. What?
Ha, almost did the same thing. Decided to lose money at sealswithclubs instead  I have been doing pretty well with LTC I'm going to have to double down if I have any change of getting out of the LTC hole I've dug myself in. LOL. You win some, you lose some, and then lose some more. |
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Not worth it today you mean. If litecoin was $100 per coin, you might feel different. Plan for the long run future, not selling cryptocoins short. Still not worth it. If I was going to pay $9/month in electricity to mine $2.44 worth of LTC, then I just lost $6.56 for no good reason. Instead, it would be much smarter to put that $9 into the coins themselves. Then, at the end of the month, I have $9 worth of LTC, instead of $2.44 worth of LTC. Mining at a loss makes no sense. Buy instead of mine at that point. Yes you have the right idea. Some mine for the novelty of mining despite the loss. Early bitcoin miners mined at a loss too. It was for the novelty and look at them now with their stashes of BTC  Early bitcoin miners who were mining at a loss also could have had even larger stashes of BTC if they had bought instead of mined. I can understand it from the novelty or hobby perspective, but from any other perspective, especially financial, it just doesn't make sense. I remember you posting this back in early 2011 when I first found out about bitcoin. I had bought a mining rig in April because I wanted to hedge against the price falling with the possibility of selling off the hardware I bought. But then, as you correctly pointed out, I was still speculating that he price would rise, and thus it'd be better to just buy the coins directly since I'd get a lot more of them. It wasn't long after that that I wired a few thousand to MtGox, and that was probably the luckiest financial move I've ever made in terms of ROI. |
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Title: "Hey dummies, don't you see the ask wall? Stop buying!"  |
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Nothing for me yet either. I'm so determined to get those coins back I started speculating on LTC. What?
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So Ayn Rand using Medicare and social security is not a case of hypocrisy because... ?
It is never hypocrisy to live in the real world, while trying to change it. I agree with that, and you can probably tell from my name I have sympathy for anarchists ideas, but I don't think the right action is (to paraphrase something written earlier) to push government over the cliff as soon as possible. Portnoy is right, I think, to point out that that would do a tremendous amount of harm to a enormous number of people. I think, as a society, we should march toward greater individual responsibility and liberty, but that has to be balanced along the way, and it will always be a messy balancing act. Maybe 1000 years on our collective level of intelligence and sense of right social behavior will be advanced enough to practically dispense with government as we know it - if anything, I think the technological advances of today our pointing us in that direction. Nevertheless, it would immoral to try to bring that future about prematurely for simple practical reasons. My current view is essentially that some type of anarchism is ultimately how we ought to live, but that the only way to ethically achieve that end is by education and by slowly and carefully auditing ourselves along the way. There's my two bitcents. |
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This is, I think, a big deal. As traditional online payment processors pull away from stuff like this, it's going to leave a pretty big hole for new payment processors to come in a fill, and what better to fill it than an unseizable, potentially anonymous, purely digital, distributed currency.
You think Bitcoin is the answer? But what about mountain hours? I prefer Cliff Minutes. |
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Litecoin will have its day. Unfortunately just not today.
LTC had it's day, and it was almost literally a day. RIP LTC. |
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remember, the dam has already been breeched.
I think it can still be repaired. We need to avoid a flood. |
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It occured to me lately (actually just now  ) that those interventions may be quite voluntarily executed in order to dampen the surge in price. This way this rally wont overheat too fast and therefore be of little duration. It also may excel its own hight if controlled and supported, instead of being left solely at markets forces. This is what I've been thinking for a long time. The 'manipulator' might actually be one or more persons trying to control the market in a possitive way for the community. If that's the case, then he needs to try a little harder, I think. Pulled out too early. Nobody was going to buy through that. |
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I present the LTC pump and dump. Well played, well played.  |
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This is, I think, a big deal. As traditional online payment processors pull away from stuff like this, it's going to leave a pretty big hole for new payment processors to come in a fill, and what better to fill it than an unseizable, potentially anonymous, purely digital, distributed currency.
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That project may be coming in a tad late if it's the one I'm thinking about, for it seems that Al and Vicente just had a falling out.
~Bruno (then) Cackling Bear~
I don't think it's the one you're thinking about. |
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Man, I totally forgot about Clark Moody's platform. I think it's my favorite way to look at depth.
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We broke $7.22... Let's wait for the wall to go away and we can go to $7.50. Good luck. I seriously doubt there's another guy out there willing to go through 30,000+BTCs. In all likelihood this marks the end of this rally and we can, hopefully, chill out for a few months. If all those asks are pulled and the market decides to go higher, it's just going to make the inevitable crash all the more spectacular. This guy (re: pirate) stepped in later than I would have liked, but in the long run, it's a good thing he stepped in to cool things off. |
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I think we could have a pop if something scares everybody off from Bitcoin again, but that's a big if.
Last year, few realized that bitcoins could be stolen in hacks. That freaked a lot of people out. This year, everyone knows that they can be stolen and hacked, and that they can also be protected. Someone gets hacked, and the market correctly says ho-hum, since it understands that the risk of hacking can be mitigated with cold wallets, and correctly realizes that any successful theft probably had much to do with mismanaging wallets.
I see MtGox as the biggest factor in Bitcoin's short-term future. I sincerely hope nothing bad happens to MtGox, or if something does, that MtGox's competition will be advanced far enough that it won't matter. Same with Silk Road. Suppose there was a successful bust of the Silk Road admin(s) and no competing market to take its place - that might precipitate a big blow to the market as well.
On the flip side, if any client developers successfully pull off a working client that allows a full citizen node to function on a partial block chain (either via pruning or meta-chain or meta-tree or whatever), that will be a big plus for the market, because those who correctly point out that Bitcoin is only "so" scalable, will have to re-evaluate just how scalable it is with such a feature. They'll still be right about it not being infinitely scalable, but they'll have seen a breakthrough to the next serious iteration in scalability and realize that we're still a long way away from insurmountable limits.
I think it's also worth not forgetting that there isn't an easy way to short anymore. I expect that when shorting makes it's way back into the system the price will take a pretty big hit. |
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hold your lol's for next years, when you sold off all your bitcoins and the price keeps going up but you dont care cuz your busy buying a new house If that happens adamstgBit, I'll give you 10 bitcoins, just for me being so profoundly short sighted and wrong. Free of charge. |
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Is it just me, or is the recent breakout above $7 a sign that we may be making new all time highs next year? Any ideas would be greatly appreciated, thanks.
yes, breaking 7 was significant. It a sign that points up, But I predict their will be a short sell off period above 8$, which will slowly bring us back down to 6.50ish, after that the 2011 high will the next target and of course we will dramatically over shoot into the 100'sSorry...  |
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Does anyone recommend any other podcasts or vcasts to keep up with btc world?
There's a rumor going around that somebody is working on one right now... |
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Proudhon, please don't get rid of the bear, there aren't enough bears around here.
Yeah, I don't think I can. The bear has too strong a hold on me right now, and I feel his grip tightening as the price moves higher. Might sound odd, I know. |
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