It's a kick to go over this and read these comments then look at where things are today, not so far in to the future.
Higher price will come with higher adoption, not necessary to worry about this month highs and lows  |
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However I was taught in school that if there is a decimal it means the value after that would be in cents.
So, I would always write 1 million as 1,000,000
All what should be teach at school is use brain. Seriously, anything that make sence works, like 1 000 000 |
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Definitively positive report, worth the read.
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i think one year from now we'll be in a range between 4000 - 6000$ - at least!
Exactly my thinking, no need to worry the price dropped from ATH $1300 to $700 now, we will see many corrections every year, but the trend is up |
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I am interested in investing in Bitcoins, but I am not sure how to start, where to invest, how much to invest etc. I would really appreciate if someone can guide thru some basic steps for dummies to get started. I can't mine so I am interested in buying bitcoins and trading.
If your from Europe, consider Bitstamp exchange |
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when is it EVER gonna be used for anything besides drugs, illegal things??
In fact SR is closed and I believe majority of transactions are legal and not much different legal/illegal ratio from other payment methods like banks |
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Looks like all the exchange site starting to scam  Not scam, you need to be verified sending ID + utility bill scans |
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I really would love the idea of 1 BTC reaches 1 million but it is not LOGICAl, let's suppose that it gets to 1 million and so far there are 12 million BTC so that would be 12,000,000,000,000 USD That is imposible, put the feet on the ground, I think the realistic price for BTC would never be more that 10,000 USD.
Stop dreaming...
You dont need 12,000,000,000,000 USD for 1 million / BTC. Look at exchanges, there are about 100 million USD, yet 1000 USD * 12 million BTC = 12,000,000,000 USD |
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I voted just to see who Satoshi Nakamoto is. I wonder if we will know this sometime...
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Seems many buying Bitcoin now, regardless of the crash FUD last days.
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Well the difficulty really jumped, about 5 times, but the prices went up about 8 times so I imagine most people should have made their money back in the first month or so. Everyone was expecting the difficulty to go crazy in the last few months, but no one really saw the price hitting almost $1000 that soon  But if these mining units were purchased with Bitcoin, USD/BTC price increase doesnt matter, your break even only if you mine the Bitcoin used to bought the mining units back |
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How to follow a transaction and keep following it until get it converted to money? What site can be used to follow a transaction chain?
You may use blockchain.info for example and see to what address your coins are transfered, to what address from this address and so on. But you probably never know when BTC is converted to money unless exchanges reveal deposit BTC addresses (they dont) mixing-services make this following even more messy. |
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Why does it work with wrong user ID and password? When I put the correct user id and password how do I know that I am getting credit for the work being done?
You wont. Check in workers section when your miner submitted last share to be sure your shares will get credited |
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My advice is to take long term short position in USD. Hold as little USD as possible, always borrow when you need it, coz there is too much outta there and it will always be cheaper when you return the loan!
I dont agree, loans have much higher interest than inflation. But hold as little USD as possible is good advice |
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The only true bear I can think of is someone mining and selling all his coins immediatelly.
No need to say how much value this bear looses...
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Don’t mine if you have something lower than a ATI 7850
ATI 5850 works well, these cards are cheap and with low electricty costs slightly profitable |
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What a fucking joke to think they can "regulate" bitcoin.  Its their work to try control everything I believe the hearing was very positive for Bitcoin |
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Since money is scarce, it is impossible for the price to rise exponentially. I believe even the $1100 price is way above our realistic expectations. At least now we know what drives this growth... the rise of demand from China.
I wouldnt say money is scarce, quite the oposite. But I agree, I didnt believe we can see $1000 this year |
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10k by Christmas
Well it is possible now, much more likely than few days ago |
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