I think i missed that dip as well  I 'll wait for the bulls to bring the price back to 1100 and then i 'll sell. |
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This seems to be worse than April with GOX, once it is fixed, millions of coins will be sold with low bids. I mean is GOX trying to save the price? Either way, this can't be good.
In what are you referring at? Latency/connection issues? |
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It's impossible to send them to an invalid address, BUT it's entirely possible to send them to an address for which no one has the key.
Take for example: 1BitcoinEaterAddressDontSendf59kuE
Are you sure that this wallet does not have a private key? Because it was created as a donation wallet by someone named holgero, and I can see a 0.559 BTC donation coming to it two months ago. Let me put it that way. If i ever see this address sending bitcoins to anyone i 'll sell all my coins the very next second. |
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I still prefer to hold 100 ounces of Gold than 100 Bitcoins at USD 1240....
So why you waste your time here. There are some nice gold forums that they hate pretty much bitcoin anyway. Did I say that I am not a believer in bitcoin ? Still looking at Gold and Bitcoin price development and Volatility, Gold does look at current levels more attractive than Bitcoin. Oh well, the recent price drop has proven me right. I find it funny, that especially people who just joined half a year ago are the biggest fanboyz and negate the risks investing in Bitcoin does involve. The recent price drop proved you right on what? That bitcoin is volatile at its current state? I think you should try really hard to find a more ridiculous statement than yours. |
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I just started a new crypto currency out of Missouri I have not really officially released it yet but forum and website is up on most search engines getting it updated on more. The coin is called AlphaOmegaCoin
Good luck with your coin. It looks like it will be appreciated among fraternities Or maybe you should add a third greek letter |
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What is the main religion in china? Budism? I think we should check what budism says about bitcoin because things don't look over there lately |
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Also you may want to run your numbers again, this time taking in account the recent news from china I think talking about 2000$ suddenly looks way more distant... |
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I am extremely new to bitcoins and after much nailbiting and research I went with Coinbase to start due to its ease of use and registration. It may not be as secure as others, but for me at this junction in my bitcoin experience I felt it was the easiest to get my feet wet so to speak. It stays synced with the blockchain.
Coinbase is an online wallet and they have full access over your funds. Obviously its easier to deal with and it's a more familiar way for most of the newcomers but online wallets have failed people many times before. |
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@pand70 just out of interest what did you mean by the basic maths? Did you mean running a BE farm isn't a good idea compared to alternatives?
I mean that there is no point on throwing money to that usb miner because it's useless anyway. |
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Please explain, in detail, how this decision could send all cryptos tumbling down?
China .Gov said "bitcoin can't be accepted by financial institutions cuz it's not currency," "bitcoin is dumb lol, totally not a currency," "exchanges and such need to use KYC/AML so we can spy on you," and that is supposed to send all cryptos tumbling down?
Baidu already removed the option to pay in bitcoins for their services. It seems that you missed the part of the announcement where the bank of china states that bitcoin should not be used in the market as currency. |
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My guess is the same Chinese obsessed with Bitcoin are obsessed with Gold.
Many people "world rather have" one oz coin than a Bitcoin.
My guess is the same Chinese obsessed with Bitcoin are obsessed with Gold.
Many people "world rather have" one oz coin than a Bitcoin.
You mean the same guys that love to hoard everything. That's why i think the bad news about bitcoins now being banned for commercial reasons will not affect the price that much. |
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The price will crash from 10,000 to 7,000 and take 3 weeks to recover.
With all the bad news from china i doubt that we 'll see even threads about 10000$ for a while. Let alone the actual price... |
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Absolutely...you should keep your money in USD. Never mind the fact that they've printed $14000 for every household in America during QE. Move right along please.
So if a national currency is healthy we should not move to bitcoin? I mean stop hating dollars to prove the worth of bitcoin. It's just wrong and pointless. |
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Can anyone point out the innovations of this alt coin because although it looks solid i can't find something that wasn't done already.
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Ok i officially hate tulips as of now. Before bitcoin i thought of it as being a very nice flower but now i 'm on my limits.
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It takes hours because what it does actually when is syncing is downloading the blockchain. You may want to try a lightweight client like multibit if you find the syncing part annoying.
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During the last month there was a lot of positive coverage with all those success stories and such. Lately things are turning around with many negative articles being published. I 'm afraid that some people that entered during the latest boom will start having second thoughts.
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Bitcoin will not replace fiat or gold or anything else whatsoever although is has the potential to disrupt markets like that of international remmitances.
Bitcoin is worth more than gold already, apparently. :-) Compare the $13 billion market cap of BTC to the estimated total net worth of all the gold ever mined on earth (some 200,000 tonnes, worth $9 trillion). Ok what will happen if do that comparison? Something that will actually make sense? The comparison of the price of 1 bitcoin with the price of 1 ounce of gold is meant for pr buzz reasons and holds no other value whatsoever. |
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I want to get into this thing. I think that bitcoin has quite a few flaws and that some other currencies address a few of those flaws.
Care to mention those flaws and which currencies are addressing them? Some alt coins claim that can handle in a better way some scalability issues but i have yet to see any real flaws in bitcoin whatsoever. |
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What kind of effect will this have on the Bitcoin economy? Holding so many coins give them immense power over the entire Bitcoin economy, as they'd be able to crash the market whenever they decide to pull the trigger. They may try to sell them off slowly... or maybe they won't. These are bureaucrats we're talking about, who are beholden to a lot of powerful people. Has anyone pondered what would happen to the bitcoin economy once the Ulbricht trial is over, and all the coins are unloaded?
If they sell the coins then the market will crash and then it will recover in an hour or something. If they don't sell then nothing will happen. In any case nothing will happen. |
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