I am using btce once you disable the trollbox it's quite bearable. But you would get quite a haircut if you were to do this right now.
I have an account on BTC-E, but rarely use it (I think I have a few alt coins there), but they have always struck me as a bit shady too. I used to think like that too, but they are in Russia which still is pretty much as far from US influence as it can get imo. Next, I don't view them as any more shady than others. The dilettante image actually strikes me as positive in a way, no pretending and no bullshit. |
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Uggh. As much as I dont want to, I am going to have to buy back into the market temporarily to move my funds from Mt.Gox. Looks like the jig is up for US customers there. The big question then becomes which exchange gets targeted next...I dont think DHS is going to stop with Gox.
Any suggestions on where I should go? I'm thinking about Bitstamp since I have used them in the past to flip XRP, but I'm still not certain about them.
I am using btce once you disable the trollbox it's quite bearable. But you would get quite a haircut if you were to do this right now. |
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tl;dr get ready for the Long Slow SlideTM
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Leave the title it's worth the laugh.  |
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Now I see it.  |
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This is getting on my nerves.
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Cashing out BTC is only putting the first toe into the sea of day trading. So as for your question: No that doesn't work.
I'm not sure what you mean "doesn't work". I got into bitcoins a couple years ago (haven't bought with cash a BTC for over a year, just traded when the time is right). I have made my investment back 10x and then some. Maybe the thing to do is just keep what I have and not constantly check where they're at price-wise or obsess over that sort of thing. Well once you sold the majority of your coins you will be thinking of the next 10x the initial investment you could be making, after all you just have to double your capital.... For me it's regulary withdrawing some of my profits that works. |
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They plan to distribute 50%. If the market would accept them holding 50% I don't know. Satoshi holds nearly 10% currently, so I guess it will come down to personal preference.
Either way. Within the Ripple ecosystem, Ripples are inherently superior to Bitcoins BY DESIGN. That's my point.
I'm not sure how it could be designed so that Ripples weren't superior to bitcoin unless we had a methodology for moving coins across chains, which would be doable, but would require fundamental protocol changes for every coin that wanted to be supported. Why are ripples superior to bitcoins? Like bitcoins, ripples have no underlying value. Unlike bitcoins, nobody is claiming that ripples have value. Put two and two together... As value is determined by markets anyways, it simply makes sense that the market will reject that ripples have any value. They aren't. It is only their truely deflationary nature which makes them appealing to Bitcoin "investors". |
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No ripple will not drive Bitcoin out of Business, this is good 'ol paranoia.
Sure I think XRP will eat some substantial speculative investment out of Bitcoin prices, but that is only a mid-term thing. This has also more to with this years hype than fundamental relationships between the two.
This is good news for Bitcoin long term.
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Next support @97.5  |
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So two USA regulating bodies don't know weather bitcoin is a commodity or a currency but they simply want to regulate it, not ban, and another agency, Homeland Security, is trying to shut the whole thing down probably because someone one time mentioned it could fund terrorism.
Yeah it's the same mentality that is being 'concerned' with 3D printed guns. Bureaucrats gonna bureaucrat. |
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This happened to me as well (got the same message).
WHat are our options?
SWIFT (BIC/IBAN) transfers |
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Let me be the first to say: SELL SELL SELL!  |
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Every alt-coin (yes, every alt-coin) was designed only to act as Quantitative Easing for bitcoin, nothing more. As soon as they all hit zero then BTC, and with it the concept of cryptocoin, will have cleared the last major hurdle to success.
Actually no. Ironically they provide additional investment incentive for bitcoin. This is because they are pegged to it, so in order to speculate on alt-coins you have to have bitcoins first. The altcoin subforum now looks unpleasantly reminiscent of the "Long term offers" & "Securities" subforums circa August 2012. New issuers, scammers, and get-rich-quick attempts all over the place.
True, monkey see, monkey do. When that mentality is gone then bitcoin will have "cleared the last major hurdle for success." But then that was always there as far I remember. |
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I have been seeing some rather large purchases earlier....but it is still a bear market,imo.
Very soon, it may be proven that it was never a bear market to begin with. Famous last words? Certainly not, I'd love it if it dropped to the 40s, lol. But if this chart, and others like it prove right, then yes, the 'bubble' may just re-inflate and we simply experienced a huge correction. I'm actually happy either way. Sorry but I won't call that proof. |
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10% over 7 months is an exaggeration.
The supposed death of alts and their non-profitability too.
There might be a brief period where mining will be unprofitable but that would be due to declining prices of BTC.
Under-exaggeration maybe. We've been averaging 17%; next retarget is at about +19% right now. If you have evidence that we will suddenly slow to under 10%, I'd like to see it. How many tens of thousands of Avalon chips have sold already? Look at the way alt-coin profitability gets beat down so fast now--miners are clued in now. The days of alt-coins persistently outperforming BTC are over, IMO. 7 Months isn't all that sudden. People will stop buying ASICs in large amount once the electricity costs become significant again. |
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I have been seeing some rather large purchases earlier....but it is still a bear market,imo.
Very soon, it may be proven that it was never a bear market to begin with. Famous last words? |
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It might have in 2-3 decades. Possibly sooner, but not significantly.
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So who lost the 100000 Bitcoins?
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Lets talk about this when its at 125.
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