Piper if that is the case... and the only value of bitcoin is whatever you can scare people into... then it deserves to die really
The only value of bitcoin is whatever you can convince people to pay FTFY
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If the price is above the buying price, it will queue. If you sell for a low enough price it will trade instantly the highest buying price.
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On the right side, top and bottom there is a notify button. That subscribes you to threads. You can also have it setup to subscribe you automatically once you reply. I don't know if that's default or not.
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Well, with no reason to use them instead of regular fiat, and real risk of government intervention making them worthless, and a continuing supply coming on the market daily, I would guess under 10 cents. That worth comes from the very small chance this will take off. A low probability, huge payoff bet.
Imho of course, and I could be dead wrong. So diversify. I personally would start watching charts for a buy point under 1.00, just to see if it sets up. I might buy some around 10 cents regardless of charts.
You have to be kidding yourself if you think the price will drop to 10 cents. Anyone who sold a decent amount between $10-30 would happily buy thousands of coins at $1 or $2. If I sold 1000 coins at $25 and prices fell to $1, I would want to buy those 1000 coins back, plus more and still have a large profit. Especially considering there is nothing wrong with bitcoin, it just hasn't taken off as fast or in the way some have envisioned. Obviously a guess, but anyone who made a good amount of money in the double digit range would have to be an idiot not to invest some, say 1/10th, back in once they think it has hit a low point. The chance to gain that income twofold would outweigh the risk of losing a small amount of your income at those low costs. That alone would keep us above the very low digits.
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I hope this clears up any confusion, sir.
Confusion cleared, thanks.
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Edit: I think I may have a misunderstanding on a couple things. I'll look at it next time I try to use it.
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The website does have the transaction fee. "Mt Gox charges a small fee (0.30%) for each trade." While logged out on https://mtgox.com/trade, it shows .65%, but once your logged in that changes. Unsure if new users still get the discount? Either way, it's listed there.
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The fee is .3% now, .65% later.
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http://bitcoin.org/bitcoin.pdfhttps://en.bitcoin.it/wiki/Main_PageAll you had to do was go to the homepage. Pools are only used because the difficulty is so high it would take a long time for an individual to solve his own block. In a pool, the generated block can be split between the participants so you get payed less amounts, more often.
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Click on BTC for currency.
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The block chain needs to update if it is still doing so.
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Because of this, we’re giving the Bitcoins that have been accumulated, or that may accumulate in the future, in the account set up in our name to the Bitcoin faucet, so that they can continue to circulate in the community. I didn't donate my bitcoins so you could put them in the fucking faucet, EFF. I donated so you could help defend against privacy rights. If I had known you were throwing my coins down the toilet, almost quite literally, I wouldn't have done so! Why would a business like EFF accept bitcoins, and then months later ask their lawyers about the legalities? Shouldn't that have been discussed before, I don't know, thousands of dollars was wasted that came from those who donated and supported your cause? "We've collected thousands of dollars in donations in order to secure your rights! Except we're not so sure we want to use your money anymore, so we're just going to walk down the road and hand it out to any stranger we see!" Pathetic.
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I know this happens on every site, but I'd guess a large number of these people are just testing out the exchange and didn't really give a shit if they were hacked because they didn't have anything in there.
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I think it was mostly a joke...
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First, fuck Lulzsec. Thinking they fight for the rights of the people is laughable.
Besides that, I agree. There are some good people already looking for exploits, and probably just as many blackhats. We just don't hear much about it. Edit: I don't agree. I thought this was about gathering a group of hackers looking for bitcoin exploits. Carry on
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Welcome
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Thanks for the warning. Glad I never clicked on their links in twitter.
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I'd also like a security subforum.
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