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Any chance one of your family members happen to know your password? Just wondering because if it get hacked, your account should be emptied by now.
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I would connect us dollar to gold but i won't connect dollar to btc, that's for sure.
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Floppy disk?  I remember had those couple of years ago and then had to throw away everything due to fungus growth. At least usb has longer lifespan |
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Maybe it's about time to consider changing to staking where you can get interest for your holding. Seriously with the stash I'm hoarding right now basically can't do anything except sell at a loss. But that also won't convince me to entrust the stash to someone and earn interest.
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Maybe those that kept on urging people to buy and hold in the past is now facing with the dilemma on how to put together nice stories. Maybe not.
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miners dont just make coins to sell to then pay electric companies. i wont repeat myself as this keeps being discussed at length across many topics. so ill paste my response miners are HOARDING not selling. the reason: if i had $10million and wanted bitcoin. i cant simply throw it into a crappy exchange and buy coins(amlkyc flags and alerts will go mad). so i buy rigs and pay my electric with the $10mill. and keep the coins.anyone selling bitcoins after mining are dumb, and definitely not bitcoin investors.. infact you should treat them as electric company investors as the end result is no bitcoins, no fiat. and only a piece of paper that says they paid a large amount of money to an electric company. so if your one of these people cashing out over 50% of your hoard... slap yourself with a wet fish and change your mindset for miners. out of the 3600 coins produced a day, estimates are that only 600 is cashed out to fiat. the rest is hoarded. and of that 600 cashed out very little of it is done on the public crappy exchanges. example of 2 separate miners on different block rewards https://blockchain.info/address/19vvtxUpbidB8MT5CsSYYTBEjMRnowSZj4~6000 coins earned from mining ~5000 coins NOT SPENT https://blockchain.info/address/1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu~5000 coins earned from mining ~3500 coins not spent anyome mining this month with the mindset to sell out to pay this months fiat lifestyle, will lose out.. and to be honest, thy dont understand bitcoin, thus im half glad that they will give up. as for the smart ones. they will continue How can you be so sure? Just few common indicators might not give you the whole picture. Let's analyze the hash rate. https://blockchain.info/charts/hash-rate?timespan=1year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=while things are moving up, price is heading the other direction. I believe most people are underestimating actual price of btc mining in certain asian countries. Mining is just like any other business venture, only those who know how to lower the production cost have the advantages. That means those who cannot compete will get squeezed out making those that remain surviving will be getting larger share of the pie due to less people mining. Perhaps should work on the actual mining cost to find out. Don't take the mining rig price seen in ebay because that might be jacked out several times for profit. Instead take actual rig cost at the production. I'm not going to count. Oh yeah. On the hoarding... if i were the miner. I would sell all that stash, part of it to cover back operating cost and the rest to buy Alibaba shares  at least that's higher chance to up the price with yearly potential return compared to bitcoin which pays zero interest |
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Quote
=-=-=-=-=Week one:=-=-=-=-=
1. Firestarterx Newbie 32=.00096 ☀☀☀☀☀
2. onlyyou Jr. Member 23 (Newbie), 14 (Jr. Member)=.00125☀☀☀☀☀
3. Redwan Newbie 10=.0003 ☀☀☀☀☀
4. noma Newbie 19=.00056 ☀☀☀☀☀
5. monnecon Newbie 37 (Newbie), 20 (Jr. Member). Since max is 50 posts, I'll pay you for 30 Newbie and 20 Jr. Member posts.=.0017☀☀☀☀☀
6. chenka563 Jr. Member 35=.0014 ☀☀☀☀☀
7. TYU2342 Newbie 5. Didn't hit minimum of 10 posts, sorry.
8. Daengineer Newbie 25=.00075 ☀☀☀☀☀
9. iluvcrypto Jr. Member 33=.00132 ☀☀☀☀☀
10. Q7 Jr. Member 48=.00144 ☀☀☀☀☀
11. thompete Newbie 11=.00033 ☀☀☀☀☀
12. djokica 6. Didn't hit minimum of 10 posts, sorry.
Payment will be sent very shortly All payment sent! Any problems, PM me or post on this
Must be miscalculated 0.00004 x 48 is 0.00192. |
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Actually my preferences tend to lean toward pow. But currently as what is happening right now giant farms with heavy equipment are in total control which means average joe like myself don't even have a chance at all. I still believe cpu mining where one cpu translates to one vote... just to ensure the coins are fairly distributed
what prevent the rich buying thousand of cpu and mining with it ? I have 4 cpus at home and i can start mining. The rich slob down the road buys 1000 cpus and also mine. So in this scenario, i don't spend additional hardware and i still can get a chance. The cpu my kids use it for homework. One for gaming and another obsolete unit use for office works. Another unit just goes unused. Turn the other way even though i can afford, i'm not going to get special rig just to mine. So u see the difference? I have 6 old computers. I can use them all to mine bitcoin and not ever get a bitcoin. It basically is a complete waste of money and electricity to try to mine with anything that is not specialized hardware (asics). Now with PoS, anybody's old computer can support the network. Even a Ras Pi an be a node. Read the statements carefully again. It changing to pow - cpu mine. That would provide some advantage to an average joe. With current scenario, cpu don't even stand the slightest chance at all. Not even single bit. Everybody knows about that. |
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In recent days and months, the dollar exchange rate for a bitcoin has been dropping. As I write, it's gently bounced off today's low of $325/bitcoin. Ouch.
I have a theory why.
Soon, two bitcoin commodity ETFs will be approved, COIN and BIT. There is nothing any ETF sponsor would love more than to have their new ETF be immediately profitable. But how do you affect that?
To do that, they would need to manipulate the bitcoin price lower so it has room to grow fast in the first few months of operation. And how would they manipulate it lower? One way would be to discretely dump bitcoins. To do that, you have to have a lot of bitcoins. As it happens, COIN is sponsored by the Winkelvoss twins who claimed at one point to own 1% of all bitcoins yet mined. That's a lot.
So there you have it. The bitcoin price may be being manipulated low pending the approval of one of the new bitcoin ETFs, after which it will shoot upward.
You've been warned. Get 'em while they're cheap!
Makes sense. Any other supporting facts to backup your prediction? If that's the case we should see a rebound pretty soon. The only thing I doubt is that btc market cap is too huge to be manipulated |
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I'll be nice to him and try to extract important information such as which coin he is going to target next and when the next pump is going to be
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According to Blockchain.info, miner revenue is down from a high of more than $5 million per day, to under $1.5 million today. And that on the back of the fact that mining itself is becoming more difficult.
Don't forget mining operation isn't free and the operation and capital depreciation cost are quite high. I suspect many miners and ASIC manufactures will disappear from the industry 6-9 months down the road. The competition and market condition just aren't that favorable. It will be the survival of the fittest where cheap electricity provides the advantage, cold climate environment, cheap spare part and cheap living cost. Hey mining rig still needs some operator intervention and that also becomes part of overall costing. |
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Personally i would say the flaws about tx time is too obvious. Until we solve that over the counter world wide adoption is nit going to happen. I'm talking bout the average joe on the street trying to buy something by swiping their phone, get the goods and then exit the store immediately.
Bitcoin is still top by virtue because they are the first and because of that have a huge head start compared to other coins. But dont be so sure if they will remain top for years down the road. I'm still holding onto my coins because things are picking up after paypal announcement and but don't bet this will remain. if there is an alt that provides far superior technology i don't mind putting what i have into it
What vod said has a point. Sometimes we are a believer who so strong focus on something until that level even any weakness we will just decide to brush it aside. Any bad thing pointed out is seen as a challenge and met with fierce aggression and labeled as trolling. I can name a number of members who also fit into this.
Seriously in order for a coin to progess we must be willing to admit and cohesively agree to address this issue. Until then it will just be it is until the day it flops
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Why would you replace something with something that does the same thing, Bitcoin is not like GOLD it can morph , change, adjust and be programmed. So if there is any flaws or changes that are worth the change IT WILL change.
Too much time, money , power and people are involved here. They will not push it to the side for something else which bitcoin can also be.
Why would you replace something with something that does the same thingA new altcoin with far better technologies is not considered replacing something with something that does the same thing. They are both crypto but one performs better than the other Bitcoin is not like GOLD it can morph , change, adjust and be programmed.Can somebody do something about the transaction confirmation time? It slow compared to most of the alts So if there is any flaws or changes that are worth the change IT WILL changeif there is really a far superior alt coin, by all means i will adopt it quickly. Why wait for bitcoin to change? |
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Actually I'm interested to see how low it can go and that is the level where the giant miners can never sell at loss
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Something which i see has a value attached to it based on its uses, in terms of rarity due to supply factor, something safe and will facilitate easy trading and exchanging
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I'll wait for below 100 threshold before considering placing the buy order |
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I don't have an answer to that but looking at all the other alt coins i would say none have come close
In order to take the No 1 spot, that coin would have to be something that can solve all current btc weaknesses and with new technology. Probably fresh new codes. Only few coins that is not based entirely on btc codes like monero, ripple but i don't think that could change.
Well the possibility is there that someday that there will be one revolutionary coin that will dislogde btc spot
Your views?
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Not really but i would say smartphone is the one...
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1.3 to 1.4 percent per month is quite attractive. That translate to 15 percent per year which is much better than any conventional fd offered by bank. However that still quite a risk to take to trust anyone with your btc
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Think I'll wait until the price drops to below 100. Now might not be the right time as it will give bad impression about btc |
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