Hard to say what exact price will be at the end of 2013, maybe 500$, or your 1500$  |
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- third: what stops a gang to setup a bunch of rogue servers, with time set way back in the past, non connected to the rest of the universe, and begin creating BTC like it was the first day of creation (easy hash to find, lots of BTC gained each time they strike gold)?
Most clients use control points up to about block number 200,000 , so if you start from block 1 even with longest chain most clients ignore your longest chain If you have more hashing speed than the current network, you might fork the blockchain after about block number 200,000 and after some time you will have longest blockchain and invalidate previous transactions in original blockchain since about block number 200,000 Thats why hashing speed the Bitcoin has compared to other altcoins does matter |
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Transaction fee is 0.0001 BTC per 1000 Bytes of data. Will be probably lowered again next year (depending on BTC price)
Transaction fees only get minner who found the block, just running Bitcoin-qt does not count, you must actively mine with GPU or ASIC with programs like cgminer
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Best is to generate paper wallets in offline mode with bitaddress on live OS bootable from CD like ubuntu. Next is dedicated computer never connected to internet running armory offline, but might be compromised with USB stick use  |
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When we reach 100.000, USD is not important anymore and we don't care about the usd/BTC price.
And how the shops can set the BTC prices for goods when usd/ BTC price will be unknown if noone trade BTC for dollars? |
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Am I missing something here? Why is bitcoin so hard to buy through a direct purchase?
Anything with easy charge back (credit cards, paypal) is not best for Bitcoin purchase - too much risk for Bitcoin seller |
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I responded to an ad where a guy has a mining service. He said 5GHS for $100 for one month. Im a complete noob, I would be doing it more for fun than to make money. Do I just need to give him my wallet address, and how would I make sure hes actually mining on it?
thanks
No, do not trust random stranger on internet. And you wont mine 0.125 BTC in one month with 5GHS because difficulty is increasing |
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Listen to no one and you'll do the best.
Wait, I thought here are posted only the best predictions !  |
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You should keep in mind that waiting for a dip means that you may wait forever.
That is always possibility. Buying small amount every month help solving this problem, at least for me |
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Those who spend at 700 can now rebuy cheaper. Spending is not bad, you never know when correction come and you can rebuy cheaper
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If it would be easy to move USD from MtGox to BTC-E, the price woud be about the same at both exchanges. You only see how hard it is to move USD  |
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If the 21 million BTC were used in place of those dollars, each BTC would be worth around 60k USD. Is this correct?
You never exchange all BTC to USD. But if only few thousands BTC would be exchanged yearly, the price could be much higher. And it is not unreasonable when all trade will be done in BTC only and noone will feel need exchange for USD |
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"will the bitcoin reach $1000 one day...?" absolutely not $400 is very close to $1000. No reason $1000 coud not be reached next year or year later |
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around 1% of my net worth
Very conservative strategy, but Im under 10% so very similar |
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Looks interesting, give it Bitcoin labels and you might have interesting physical coin design
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Guys, this giveaway is not active anymore, check OP last activity (2 months ago)
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