I don't really see the logic in miners trying to devalue the product they are producing. Someone investing time and money would not want the price to drop.
It would be some outside entity that is trying to destroy bitcoin- major banks, government etc.
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Bitcoin has some issues but will still be king for the foreseeable future. This is still the beginning of crypto, however. In ten or twenty years from now another coin may see higher use/ price. It could be an already existing project, or something that hasn't even been written yet.
Bitcoin is like the invention of the telephone. It may take fifty or a hundred years but eventually we will have mobile smartphones.
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I hate to bring up darknet markets because its not the only reason to adopt Monero, but I honestly believe that some big busts in the next few years will lead to a serious push towards more anonymous payment systems. Bitcoin transactions are actively being investigated by authorities in connection to drugs and illegal goods being bought online. Postal inspectors are ramping up efforts to intercept packages.
Once people realize that their transactions are being traced it will expose a big advantage for coins like Monero. It may take a few years but it will happen. If you can pick up some XMR in the $10 to $12 range I would definitely make at least a small investment.
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Right now we are at an interesting time, because even though the price of Bitcoin has increased, most people are still just mining/ hoarding. There may be room for the price to go up if there is ever mass adoption. Thats why I think its still prudent to buy and hold at least a coin or two if you can afford to do it.
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Price has been in a slow, steady decline since the start of 2017. Not sure if there will be renewed interest, or if it was just some hype to pump and dump.
I'll watch the coin since I made a few dollars when price went up at the end of last year.
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What year was this? I'm guessing that if you are talking about mining Bitcoin even on a GPU it was the very early days. Will check this thread, seems like a very interesting story.
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The comments by panopotty are very interesting. I would not be surprised if this was all true.
Would definitely make sense why tax investigators are interested in him. Just owning some Bitcoins doesn't seem like enough for authorities to get involved, unless they had some kind of proof that you sold millions in Bitcoin and didn't pay taxes, of course.
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Bitcoin transactions on the big darknet markets are starting to be seriously investigated. Postal inspectors are going to ramp up their interception efforts. After a few big vendors and customers start getting arrested in the next few years, users are going to switch to one of the anonymous currencies.
(It may take a couple years but this is my prediction. Darknet markets are about to get hot as fuck.)
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Ethereum is making a slight comeback, I actually think it looks decent as a long-term investment.
Zcash hype is dying down and people are realizing that ETH is here to stay, I think.
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Current value, maybe $1500 by the end of the year if there is some good news and no issues. Slow and steady growth would be the best thing for Bitcoin, IMO. We will start to see more investments by hedge fund managers and the like if the price stays stable.
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So having a long breathe and being patient may really extremely pay off in for instance 10 years?!
If you have the money to invest, a long-term plan for owning Bitcoin is probably a good investment. Even owning 1 Bitcoin would be a good idea for any investor.
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Yeah Im looking for any news mentioning March 11th but haven't found anything.
A lot of alt-coins are looking stale right now, actually Litecoin isn't doing too terrible in comparison. Still need something to breathe life into this project, though.
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If you see fraud and don't cry fraud you are a fraud.
Dont give away too many of the secrets before the fun begins
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I would be interested in what they were offering. Its a gamble with an upside since you may only get back a portion of what is promised but you have the upside of grabbing some cheap bitcoin, which is a commodity that may increase in value over time.
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BURST. Its a good project with active development, and doubling in price would only be around 175 satoshi. Picking some coins up while price is so low seems like a a decent investment.
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Sorry but its going to be a long time, and a lot of changes happening before Bitcoin would reach that level.
The average consumer is not going to use a currency that jumps around in value, takes sometimes hours to confirm a transaction, cant be used other than buying things on the internet because of the transaction times, and many of the other issues currently facing us right now.
Face it. Bitcoin is a novelty. Until a lot of these issues are resolved, its going to be magic internet money for kids to play around with.
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Some pools have increased their fees or minimum withdraw amount recently. Maybe you can set a lower withdraw amount to encourage new miners to come to the pool.
In the long run, having a stable reliable pool with acceptable fees and withdraw amounts will eventually see miners moving there.
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Several of the multi-coin miners will be flagged by most Antivirus products. Just make sure you are downloading it from the real author. If you follow a link from this forum, from a trusted member you should be fine.
Yeah with Monero you will need a few top-end GPUs mining around the clock if you want to earn more than pocket change each day.
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Yes the owners of the exchange could possibly get some info by looking at the address a large amount of coins are coming to/ from. But they really don't have any inventive to expose this information, since they are making their money off the fees associated with these accounts, and all the others that are trying to make some money on the pump.
In fact, I wouldn't be surprised if the operators of a few exchanges were in league with the pump groups, or actually running them.
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I can definitely see monero hitting $50, although it would probably be a few years from now. XMR is a long-term investment at this point, anyways. As I said before, you would be crazy not to own at least a bit if you are making a crypto portfolio.
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