I trust adamstgBit when he says buy, not when he says sell  When we were sliding from 114 to 68 he was shouting 180 in two weeks all the way. I trust him still. 180 is coming  |
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I trust adamstgBit when he says buy, not when he says sell |
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I've used sealswithclubs.eu for a while, I really like it. Basically a clone of pokerstars in early beta.
I also recommend Seals With Clubs. https://sealswithclubs.eu/ |
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The buy side of the chart is starting to look like a Tsunami is building....
is it just me or is it getting bigger It is. Next week will be fun  |
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Yes! But not good for your e-penis |
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no you are wrong Hmm...  PS: I changed my forum post when you replied |
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bitpay charges 1% if all you do is use them to process bitcoin payments.
there's another fee for converting the bitcoins to $ in your bank.
we'll we will have to wait and see.
You are wrong Adam. Smoking again? The 0.99% fee is for $ in your bank. BitPay Fee
0.99 %
includes guaranteed exchange rate
Convert to Bank Deposit
If you choose to have bitcoins converted to your local currency, BitPay will convert the funds and send a direct deposit to your bank account every business day to clear out your accumulated balance.
Conversion and Settlement is offered for no additional charge.
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Always amused by canadianbitcoins.com's graphs. Can someone tell me what the yellow line is?
I guess weighted price. |
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As soon as you upgrade, it will create a "rotate transaction", sending your funds over to a fresh, secure key.
Important: You need to backup your wallet again, because of the added key. The old keys will not be included in the backup, so keep your old backups around just in case.
You should allow the user to backup the new key before transferring the bitcoins. |
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I think that we are already at the stage where no future mining investment will pay for itself. This means fewer miners and therefore fewer people with Bitcoin to spend. This either means that Bitcoins become more valuable because they are harder and more costly acquire or, more likely, the whole thing will pretty much die because business won't bother to make the investment to accept it because there are fewer people with it and so it will lose its current popularity and never gain any more traction.
The best thing going for Bitcoin was the democracy of mining in that anybody with a graphics card can generate a small amount, now you need serious investment in ASIC kit that is unlikely to make a return. All the GPU's are now useless and so the generation phase that was anticipated in the original design has ended. Without significant market share and large transactions fees, its pointless for anybody to make an investment in mining.
So my prediction is a slow downward spiral in value from now on. Meanwhile hash rates will continue to rocket until the ASIC manufacturers start to fold resulting in one or two large miners left operating i.e. a large likelihood of the dreaded 51% scenario. Then Bitcoin will be truly worthless.
It's a real shame, I really wanted it to succeed but I think ASIC's came too soon in its life cycle and killed it.
I know, in real life, 8 people with bitcoins and none of them has ever mined. I have mined for half an hour, only because I wanted to see how it works. People will continue to invest in bitcoins as a store of value, buying them at an exchange. |
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That's true for small miners, that only run them to get BTC. The guys that run big farms have significant operational costs that have to be covered by selling part of their mining income.
As mining provability decreases, the % of BTC that they have to sell immediately to cover their expenses increases. Therefore the overall % of fresh mined BTC that are sold immediately increases.
I understand the argument now. Thank you  |
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The majority of the ASICs is payed for with Bitcoins so that will actually be the opposite effect you guys are hoping for. Added to that existing ASIC miners have an incentive to dump their coins because of increased competition.
Why will they dump their coins because of increased competition? If I recieved less coins, I would hold on to them stronger than before. And if you buy ASICs with bitcoins, don't you want bitcoins back (not FIAT)? |
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Difficulty follows price not verse visa, this has been debated to death already (tip to OP your side always loses)
Yes. But when difficulty has reached the right level for the current price, people will start to invest in coins instead of mining equipment. |
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Når kommer støtte for Google Authenticator ved innlogging og uttak?
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Mars, April and May last year.
Anyone said Mars? I though we are going to da Moon... Kupsi is french? LOL, Norwegian |
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When has Bitcoin ever had a sideways market, except on like the hourly chart or something?
it was crazy stable at 5$ for like 3 or 4 months but that was because pirate40 was keeping prices low, as he sold other people's bitcoins. When was that? Mars, April and May last year. |
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