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5521  Economy / Economics / Re: Can a coin that is primarily a store-of-value succeed? on: April 14, 2015, 06:20:12 AM
Yes it can. DMD Diamond s primairly store of value and it s going to be big. Yes, I have invested in it and yes you can consider this as a promotion. However, if I think it s smart to invest my own money in it, I see no reason why I would not recommend it to other people.
Okay, you're free to promote a coin you like, but in keeping with this being the bitcoin discussion section, would you mind elaborating why you think such coins can/will succeed? You're free to bring examples from your coin, but I hope that there is also something in general to all cryptocurrencies. I don't mind the mods moving this thread, but I'd prefer if it stayed here.

Thanks.

Ok, sure.


You know how they often compare crypto to a gold?

One of the major function of gold is to be a store of value, in other words a precious metal you can turn your assets into and know that you ll be able to retain that value over decades.
The same idea s behind several cryptocurrencies, I would say most of them besides those with high inflation rate e.g 700%+

People often think that the primary reason for crypto to succeed is to get accepted by thousands of small retailers and get spent EVERY DAY. This might not be true.
I personally chose my currencies to act as store of value, I do use some of them to purchase things I need but most of them I hoard like a hamster. Let us be honest, most of us do the same.
The only difference is that some people do it solely because they expect the price of their portfolio to apprecaiate while other, like me, do this due to this additional reason of PRESERVING current assets over time.

I like gold but I m into tech and I need something with characteristics of a precious metal which can be turned into FIAT fast, which is easy to transfer, which is safe and secure.

Why DMD Diamond? Well, its a 50% annual PoS coin. In other words, it s a gold bar which generated small gold bars over time.  Grin
Also, it s a coin with a very limited and scarce supply as a real diamond should be. PoW phase reward just got reduced from 1 DMD per block to 0.2 DMD per block.

So, yes, I believe crypto can be used as a store of value. Whether this is its primarily function, it depends on the person who holds it.
5522  Economy / Speculation / And here we go in the red zone again. BTC under $220 .WTF s going on? on: April 14, 2015, 05:58:02 AM
Most of cloud mining services and most of ordinary miners are entering the red zone of potential shut down when BTC goes under $220.
Comments? Where do we go from here?
5523  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active on: April 14, 2015, 05:53:32 AM
another reactor payout round 1341 DMD!
(split between all DMD Cloudmining shareholder)


So where are now those assholes claiming that reactor is a disaster, it s gonna kill the network, coins are gonna get stolen and similar junk. Over 20% ROI for now, great community effort which made the network stronger and it s going to generate expected returns for everyone involved. Ha? Where are you bitches now? See you at 25%+ in two weeks.

BTW, it is still open, in case anyone wants to add a bit more coins into it.
5524  Economy / Trading Discussion / Re: Why is it so freaking hard to buy .25 BTC? on: April 14, 2015, 05:29:17 AM
Local BTC s your best option. If you want to use CC, you can try cex.io as well but you ll get charged at least 5% and need to go through a verification process.
5525  Bitcoin / Mining speculation / Re: 67 Weeks Until... on: April 14, 2015, 05:27:22 AM
So, all in all, without major technological breakthrough, mining s dead. Without major price increase, BTC economy s dead.
I really hope not.
5526  Economy / Securities / Re: Anything sustainable worth of investing? on: April 14, 2015, 05:24:53 AM
Agree but let us please stay on topic. Are there any other interesting and SUSTAINABLE BTC project you currently use?

NastyMining will be hitting our 3rd anniversary in a few weeks.  NastyFans is interesting and has become a very diversified project.  I don't believe it will be going away anytime soon.

https://bitcointalk.org/index.php?topic=86854.0

I do see a bit decreasing trend when looking at your reports. How do you expect this to develop in the future.
Regarding transparency I give you A+. Very few projects are so open and informative.
5527  Economy / Service Discussion / Re: Where to advertise a bitcoin startup? on: April 14, 2015, 05:21:12 AM
Try banktothefuture .com

These guys are really professional.
5528  Economy / Service Discussion / Re: HASHNEST Discussion and Support Thread on: April 14, 2015, 05:19:44 AM
Finally 2 days in a row some great luck on Antpool. But, BTC tanks in the meantime. You can have both these days....
5529  Economy / Economics / Re: Can a coin that is primarily a store-of-value succeed? on: April 14, 2015, 05:18:17 AM
Yes it can. DMD Diamond s primairly store of value and it s going to be big. Yes, I have invested in it and yes you can consider this as a promotion. However, if I think it s smart to invest my own money in it, I see no reason why I would not recommend it to other people.
5530  Bitcoin / Bitcoin Discussion / Re: State of Bitcoin Q1 2015 (by CoinDesk) on: April 13, 2015, 09:00:12 PM
Well, I would like to see more differentiated investments and not all spread over a few companies.

Not just limited to investments, but we should rather focus on the development too as it still is in the same phase.

Yes, I somehow feel everybody talks about blockchain based apps now and blockchain in general. What about BTC?
5531  Economy / Service Discussion / Re: HASHNEST Discussion and Support Thread on: April 13, 2015, 08:58:27 PM
So I will say it like this, Hashnest is the last good cloudmining out there but I went ahead and sold 4th of S4 today and am out. Why? I figured I could sell at a decent price and if I end up wanting an S4 later I can just buy in at the end of break even days for a lot less.

I think you did it too early. I think BTC ll rebound again and S6 should not be out for at least 2 more months. I could be wrong.
5532  Bitcoin / Bitcoin Discussion / Re: If you would be able to get back in early 2009, what would you do? on: April 13, 2015, 08:57:02 PM
The situation in 2009 is almost as it is today: Almost no one can see the potential of bitcoin  Cheesy

People are facing the similar decision making difficulty when it comes to bitcoin, no matter it is 2009 or 2015: It can either be very big, or almost nothing



1 major difference. U cant make shit load of BTC for the price of 2 pizzas.
5533  Economy / Securities / Re: Anything sustainable worth of investing? on: April 13, 2015, 07:43:12 PM
More people, give me more. What about PoS coins. Any success with that?

nothing at the moment, or nothing that is worth mentioning, but a good investement seems dashcoin based on the chart

I did think about some join venture to invest into dash Masternodes. This coin does not stop to surprise me.
5534  Bitcoin / Bitcoin Discussion / Re: If you would be able to get back in early 2009, what would you do? on: April 13, 2015, 07:41:45 PM
i would make sure my hot ex-girlfriend doesn't dump me and i would buy a ton of btc to enjoy and make it rain with/on her :p

Heh. Nah, it s better to let her dump you and then get rick. So you can tell her after she dumped a millionaire.... Grin
5535  Bitcoin / Mining speculation / Re: Buy a small power plant to just mine? on: April 13, 2015, 05:52:56 PM
This must be a troll thread, pls close this one down. Small power plan costs a lot of money and people who have this kind of money do not ask these stupid questions.
5536  Bitcoin / Mining speculation / Re: Is it possible to mining without asset??? on: April 13, 2015, 05:51:40 PM
Is it possible to mining BTCitcoin without any capital/asset?

Mining for free? That would be nice but I guess not.

It s possible to start slow, referral campaigns, signature campaigns, faucets, all this can generate some money to start but this would be a very difficulty way to start.
5537  Bitcoin / Mining speculation / Re: Got my ROI some days ago... on: April 13, 2015, 05:49:05 PM
I also have a friend who ROIed with BTCS which is strange, I have to say. I always thought these guys are scam and ponzi. Now, I do not know what to think anymore.
5538  Economy / Securities / Re: Anything sustainable worth of investing? on: April 13, 2015, 04:16:23 PM
More people, give me more. What about PoS coins. Any success with that?
5539  Economy / Service Discussion / Re: Hash Profit has my BTC on: April 13, 2015, 04:14:57 PM
Only to Russian customers? Why?

As they were russian company and they didn't want to get sued for the steal.
Or they maybe also fear their russian customers perharps Wink

I guess scamming people from your own country is more dangerous than doing the same to overseas ones...

Especially when u deal with Russians. I hear people there do not sue people when there s some kind of dispute. They have more direct methods.
5540  Bitcoin / Bitcoin Discussion / Re: the cat did it [Karpeles found 650 000 BTC] on: April 13, 2015, 04:12:58 PM
Had a nice laugh with this. The news came a bit late, 1st of April is long gone Grin

Yup, some sick ass s playing with feeling of people who lost a lot of money on that thief`s exchange. Not nice, definitely not nice.
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