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41  Local / Altcoins (Deutsch) / Re: Hot Coins on: August 12, 2014, 05:00:26 PM
Ich denke bei NXT ist nun ein sehr guter Einstieg longterm. Die sind von ihrem Höhepunkt vor 2 Monaten nun 60% down und schön langsam bildet sich massiver kauf-widerstand.
42  Economy / Gambling discussion / Re: Does martingale really works? on: August 12, 2014, 04:58:29 PM
Still people try martingale constantly. I am watching primedice and dicebitco.in and people use the bots (or manually) and grind away martingale for 10000s of bets. I guess they like the fact that they constantly win money until the big bang.
43  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 12, 2014, 04:56:46 PM
With the airdrop probably the value will crash in a few days, if someone is planning to sell, it should be done now.

Is there a date set yet for the airdrop?
44  Other / Off-topic / Re: Ban the person above you (jokingly). on: August 12, 2014, 04:56:08 PM
Banned for not noticing the "jokingly" in the thread's title.

Banned for having a senior account but behaving like a new member.

Banned for putting in a fake ICQ number.
45  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Altcoin to invest in for 2015 and WHY on: August 11, 2014, 01:16:05 AM

2015?  Or for 2015?

This is a no brainer for me:  iXCoin.

Do a little research into CEX.io and take a closer look at iXcoin.  At today's $.03 I think by 2015, one can make 100-1,000 fold.

Few alts can offer that with the exception of getting lucky in the next big pump which, if you're not an insider, probably won't happen.

Cheers!

That coin doesn't offer anything at all, or am I missing something?
46  Economy / Speculation / Re: How many Bitcoins needed to retire in 5-6 years? on: August 11, 2014, 01:14:22 AM
I just talked to a economics Phd and we analyzed some stats surrounding BTC. We made some good/worst case scenarios and took the average of those scenarios.

Our price prediction for 2020 = 10,750 USD Wink
It's a really good economist if s/he can predict price in 6 years time up to 5th decimal sign.  Wink

As I said, we made some assumptions for worst /best turnouts and averaged those. This practise is called educated guessing and the finance world doesn't do much more than that Wink

and 10750$ no 10$75 cents
It's just a common practice to give as much digits as you sure of. That is 10,750 would mean something between 10,740 and 10,760. While you probably meant to say something like "in range of 10K". Sorry for nitpicking.

Now I get your angle.

Yes, the average was around 10750.

Best cases ranged from 15000-25000 USD
Worst cases from 225 USD - 900 USD


Your best case scenarios seem fairly bearish (b/c BTC has possibilities to go into the $100K range in the next 6 years), and your worst case scenarios do NOT seem to take into account the possibility of BTC going to zero, which is a real possibility, sorry to speak the truth...   So ultimately, if you are NOT accounting for all of the scenarios, then your prediction is likely off, even if you are receiving the assistance and input of an economist phd.

Those were the averages of different best/worst case approaches. Not the range of the absolute amounts.
47  Other / Politics & Society / Re: Is it a bad decision to payoff mortgage early on: August 11, 2014, 01:11:55 AM
I was always under the thought the faster you pay it the more weight is off your shoulders so I don't quite understand why others are disagreeing.

because people think that investing the money instead of paying it back will yield a higer return than the 4.4%.

But those guys don't think about taxes and risk.

You only pay tax on gain. As for risk, you can always buy investment grade bond which offer higher than 4.4% yield.

Yah but you can't deduct the 4.4% you pay from your gains.... So if you only get 4.4% on your investment you will lose about ~25% (of the 4.4%) depending on where you live.
48  Economy / Speculation / Re: How many Bitcoins needed to retire in 5-6 years? on: August 11, 2014, 01:07:45 AM
I just talked to a economics Phd and we analyzed some stats surrounding BTC. We made some good/worst case scenarios and took the average of those scenarios.

Our price prediction for 2020 = 10,750 USD Wink
Care to show your work?

Yes, I might upload it tomorrow after formating it.
49  Alternate cryptocurrencies / Altcoin Discussion / Re: Peercoin on: August 11, 2014, 01:07:10 AM
I do know that, but that doesn't mean everything works out fine. It isn't even sure if the idea will be implemented into peercoin.

Of course, you can imagine whatever you want. But that's not true.


So you know 100% that it will work. And you know for a fact that it will be first implemented in peercoin?
50  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 11, 2014, 01:06:21 AM
They hold ripple and BTC and their own Stellar stack. They will be swimming in stellars Cheesy
51  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [AИN] NODE - Official Discussion Thread! Distributing the coins! on: August 11, 2014, 01:05:34 AM
this coin should be the same as XCP

Lets hope, because then each stack will be worth about 2 BTC!
52  Economy / Marketplace / Re: Invest bitcoins? on: August 11, 2014, 01:04:05 AM
You could always drop your bitcoins into investment at dicebitco.in. They are nearly the same as just-dice was.
53  Other / Meta / Re: Activity & new membergroup limits on: August 11, 2014, 01:03:27 AM
Power Member like the ebay power seller Cheesy
54  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: August 11, 2014, 01:01:51 AM
Yeah, but most of the time you need to trade in a specific timeframe, and then you just can't wait for liquidity.

Bter has that liquidity.

Back in the 2012. and 2013. I was hearing the same argument for MtGox, mindless idiots were dismissing any and all warnings and then they lost all their coins. Some of them lost
everything. I'm not saying Bter is on the exact same path but since they need to rip off customers via trade fees, withdrawal fees or both for as much as 2% (check the bottom of
the fee list at https://bter.com/fee it is a shocker) you should think about their solvency a bit more.

it is not that I don't understand you. I am just saying that is a chicken-egg problem and I won't start trying to fix it by trading on a illiquid exchange. The market might move themself if it feels it is worth it.

So you are trading on just 1 exchange and highly likely have all your non-staking coins on that same 1 exchange? A recipe for dissaster - but you can't really tell before it happens
just like those who ended up Goxed or - to move to NXT waters - those who invested in certain assets openly attacked by few of us who still have a sense for scams and dangers.

Wisdom to the wise, as always. And no, you are not wise.

Wow, way to jump to conclusions....

I do not have ANY coin on exchanges, that is why it is so important for me how fast a site deposits and withdraws. That is why cryptsy can go suck a bag of dicks. Polo is really good in that part, but I'd never be able to quickly sell 250000 NXT.

Please don't assume things, you are not sherlock holmes.
55  Other / Meta / Re: Activity & new membergroup limits on: August 11, 2014, 12:33:59 AM
How about Veteran ?

It kinda describes what that user really is: A veteran bitcoin user, sticking in this forum for 3 years!
56  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Stellar on: August 11, 2014, 12:33:02 AM
Buying Facebooks, PM me guys.

interesting how that account seller mentiones Stellar: https://www.facebook.com/buypvaaccounts

I wonder why facebook is tolerating them promoting their service on facebook.


that's a good question. they don't seam to care

I can see the game is getting interesting. They have taken down the reward from 5000 STR to 125 STR !!! Jed is far far more intelligent than Vitalik. Wink

What is stellar doing with the facebook account access?

verification of existence to prevent sockpuppets I believe.

Not very effective to say to least Wink
who knows how many thousands of facebook accounts the devs have

I wasn't getting at that angle. Because devs can just "create" accounts and send funds there without verifiying it. Other than that, they hold 5,000,000,000 coins anyway. They hardly have a reason to cheat Cheesy
57  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: August 11, 2014, 12:26:53 AM
Yeah, but most of the time you need to trade in a specific timeframe, and then you just can't wait for liquidity.

Bter has that liquidity.

Back in the 2012. and 2013. I was hearing the same argument for MtGox, mindless idiots were dismissing any and all warnings and then they lost all their coins. Some of them lost
everything. I'm not saying Bter is on the exact same path but since they need to rip off customers via trade fees, withdrawal fees or both for as much as 2% (check the bottom of
the fee list at https://bter.com/fee it is a shocker) you should think about their solvency a bit more.

it is not that I don't understand you. I am just saying that is a chicken-egg problem and I won't start trying to fix it by trading on a illiquid exchange. The market might move themself if it feels it is worth it.
58  Economy / Speculation / Re: How many Bitcoins needed to retire in 5-6 years? on: August 11, 2014, 12:24:45 AM
I just talked to a economics Phd and we analyzed some stats surrounding BTC. We made some good/worst case scenarios and took the average of those scenarios.

Our price prediction for 2020 = 10,750 USD Wink
It's a really good economist if s/he can predict price in 6 years time up to 5th decimal sign.  Wink

As I said, we made some assumptions for worst /best turnouts and averaged those. This practise is called educated guessing and the finance world doesn't do much more than that Wink

and 10750$ no 10$75 cents
It's just a common practice to give as much digits as you sure of. That is 10,750 would mean something between 10,740 and 10,760. While you probably meant to say something like "in range of 10K". Sorry for nitpicking.

Now I get your angle.

Yes, the average was around 10750.

Best cases ranged from 15000-25000 USD
Worst cases from 225 USD - 900 USD
59  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: August 11, 2014, 12:15:18 AM
Yeah, but most of the time you need to trade in a specific timeframe, and then you just can't wait for liquidity.

Bter has that liquidity.
60  Economy / Economics / Re: How profitable are exchanges? on: August 11, 2014, 12:13:45 AM
Altcoin exchanges are very very profitable for the people running it, because after 4-8 months, they get "hacked" and shut down. No questions asked :p
I don't think this so much has to do with the profitability of the exchanges but rather the amount of coins stored on these types of exchanges. I think a lot of people like to trade altcoins in a "day trading" fashion and as a result keep their coins on the exchanges. This results there being more coins on the exchange then there really should be.

Still, even if only a 1/3 or so of the coins normally stored on an exchange would be there, they still would be "hacked" and it would still be profitable enough for those guys to run the "Long-cons".

Do you think the altcoin exchanges failing is merely the operators running away with the coins? I would doubt this as the exchange itself would likely have some level of value and could likely be sold for amounts greater then what would be stolen (less what it would take to disassociate the stolen coins - the mixer fees).

Yes, because most exchanges that get "hacked" are experiencing falling levels of trading activity right before.

Conspiracy: Mintpal was hacked, they got the BTC + were able to sell it and the buyer covered the losses. Nice job, eh? ^^
IDK. I do not usually wear tinfoil hats so I am one to believe it was not an inside job. The buyer obviously though the price they paid was worth it, otherwise they would not have purchased the exchange. If the exchange had not been hacked and the buyer didn't have to cover the losses then the exchange could likely have asked for a higher price.

It was more of a joke, yes. Still many exchanges think they can get away with stealing and then closing shop. and most, sadly, do
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