Yes, bitcoin price is going strong....
but currently is crushing badly and going down and more down why what is reason behind this any have some idea about this China again. 3rd party processors cannot be used to deposit/withdraw at Chinese exchanges, so only bank wire can be used |
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Got to say I'm shocked at just how many different coins there are now.
You would not if you know how easy it is to create new altcoin  |
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No matter how long I wait to make a new post I get this message:
The last posting from your IP was less than 360 seconds ago. Please try again later.No matter how long I wait to make a new post I get this message:
How it come you can post when no matter how long you wait to make a new post you get the 360 seconds message ?  |
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so it is written in the source code of bitcoin-0.8.6-win32-setup.exe ...right ?
Even into the protocol itself. Other non-official clients must obey the rule also. This, and if they dont, they will just fork Bitcoin and live with their rules |
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If you cant mine at pool Scrypt altcoins and just convert to Bitcoin, today most profitable coin might be not most profitable coin tommorow, so better convert to Bitcoin fast
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Why do people automatically think a bitcoin is not divisible? Because real coins aren't divisible. And most investment assets aren't divisible. Go try to buy a half share of Microsoft, or a half of a gold coin.
Most of the media publicity is reinforcing this belief. Most of the news articles you read about bitcoin have a big picture of fingers holding a physical bitcoin, or a big pile of physical bitcoins. And you can't blame them - there's no way to take a picture of a "real" bitcoin. It's just a string of numbers.
A casual investor sees bitcoin in the headlines all over the place. They've seen pictures of physical bitcoins. They've heard people talking about the incredible growth and how bitcoin will be as transformative as the internet itself. They want to invest before it's too late! But then they read a bitcoin costs $900, and ask themselves, "Do I have an extra 900 bucks lying around right now?" If not, they won't buy. It's not because they're stupid. It's because the name "bitcoin" and images in the media of physical bitcoins create a false impression of what a bitcoin really is.
Maybe it is better, these people would be weak hands anyway. Bitcoin need users who understad why they need the Bitcoin, not just speculative hordes |
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Just moments ago, 1 BTC was 900 USD on Mt Gox, 850 USD on Btc-e.
Why is there such a large price difference between exchanges? What prevents people from making a profit by buying bitcoins on BTC-e and selling them on Mt Gox, until the prices match? Is it the difficulty of moving dollars between the two countries?
Arbitrage is very slow process, I waiting for BTC-e deposit myselves and support not responding, not fun at all. |
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I tried with my laptop - NVIDIA GTX 660M ~about 24Mhash not good ;/
You can use your laptop to find vanity address instead, a lot more fun |
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I believe when you mine Bitcoins you pay income tax only when you exchange to money. Imagine you woud pay tax from mined Bitcoins only to find later you lost your wallet
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and is it there calculate the total amount of euro dollar?from the past until now?
New dollar or euro is created everyday by banks as new loans are signed and destroyed as you repay. Not easy to count total amount of euro or dollar |
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I will never cash out all Bitcoins if you mean this, I fear I would have rebuy much higher later
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Is there a currency where the mining is like a pool for everyone? Not only the lucky to mine it, like most, if not all coin now?
If you get something for free, you dont value it at all, so it would be not ideal |
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I dont know if I understand the difference between money and currency, but many merchants accept Bitcoin already
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I think in the long run the cryptocurrency with the lowest transaction fees, safe network and no inflation will come out on top. Do you think this coin already exists or how could it look like?
Transaction fees changed already (got lowered from 0.0005 to 0.0001) and it will continue to go down if the price grows more. You don't have to look further. Bitcoin is what you need. When the price was under 20 USD, transaction fee was 0.01 BTC. So the fee will be few cents in future as well I believe |
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sold my 2.6btc at the price of 250each n then withdraw on mtgox =_= been 3 weeks still see no money and now price at 1180 on my local market FML~
That was your mistake. Never withdraw fiat from gox. Please tell me what "FIAT" is ? And why can't it be withdrawn ? Let's take Coinbase.. If you bought 5 coins there 6 months ago and they are just sitting there in your wallet. Should I be able to go to coinbase and sell my coin ASAP ? I ask because that is my situation. I hold less, but am curious because I bought for invesment purposes only. Thanks for your reply. Only MtGox has huge USD delay issues, sometimes months You should not encounter problems on Coinbase. Did you know when you have coins at Coinbase these are not yours at all but only Coinbase owes you something. If coinbase goes bancrupt, any coins or USD there will be used for all creditors |
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I'm not selling but looking to buy. I saved up a little chunk and want to put in a purchase. The funny thing is I am looking for a dip not because if will be cheaper on the "fiat" side or more profitable, but I just want to get more bitcoins I can feel a shift in my thought process already between USD and BTC. Very likely there will be dip, the yesterday lasted only about one hour, so be ready with buy orders already  |
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Please tell me what "FIAT" is ?
Simple answer: USD Longer answer: http://en.wikipedia.org/wiki/Fiat_moneyFiat money has been defined variously as: any money declared by a government to be legal tender. state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard. money without intrinsic value |
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I doubt that you can even get your $ from Mt.Gox. They are lacking FIAT that is why the price is so high there.
I have question... I Mt.Gox is lacking fiat, should it not be the other way then? If they lower the BTC/$ then would people not sell at that exhange, but buy instead, and then would their fiat increase? Mt.Gox dont set the price, market does. To lower USD/BTC price, they need to own Bitcoins and selling these Bitcoins... |
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Will the value of bitcoin just keep on increasing forever?
Very likely beause of deflation nature, but not as much as now. 100% (and more) yearly will not last long |
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I dont think so, but at Monday when the deposits hit exchanges, sure
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