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6041  Bitcoin / Bitcoin Discussion / Re: Ready to admit bitcoin is a failure? on: September 28, 2014, 05:34:11 PM
Well if it was a failure some digits on a computer wouldn't be worth around 400$ as of writing this  Wink

Closer to $300 till this time tomorrow, if this current trend continues.
6042  Bitcoin / Bitcoin Discussion / Re: Ready to admit bitcoin is a failure? on: September 28, 2014, 05:15:07 PM
There is something in this. Something s wrong since last year. It is very simple, BTC price goes down since BTC supply is greater then BTC demand. We ve been listening about companies starting to accept BTC, about IPOs, about this and that and the price keeps going down. This means demand is still not sufficient.

Even more, this is a classic vicious circle effect, the more the price goes down, this weakens demand even more. Who wants to buy coin which loses its value constantly.

I think the biggest problem with BTC is its unregulated nature. It alows tons and tons and tons of lowlifes and scammers to take advantage of this lack of regulation and scam people which do not intent to come back once they get scammed. This weakens demand and it might end BTC.
6043  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Great altcoins cloud mining service, ROI 4 months, RECOMMENDED on: September 28, 2014, 04:04:30 PM
What do you guys prefer Genesis Mining or GAW? I guess both would be the best solution but in case you must choose?
6044  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, ROI 3 months on: September 28, 2014, 04:02:38 PM
Damn, these guys are paying well. I can imagine how it looks like when someone reaches 50k shares, that is payout of about 13 BTC PER WEEK. Yay!!!!
6045  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, ROI 3 months on: September 27, 2014, 06:05:40 AM
i received my payment! awesome job ltcgear, the multiplication shares only received 3 days works which is fair enough consider it just worked for 3 days. Fair enough

Yes, Ltcgear pays well and pays on time. Next week you ll get full payment. Weekly ROI over 18.1%. Great work Bee.
6046  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, ROI 3 months on: September 24, 2014, 08:19:42 PM
But what about the promised new product Huh I was more excited about that.

Still no word about it. I m also hoarding my coins for that but will probably buy another anniversary pack until that one comes out.
6047  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, ROI 3 months on: September 24, 2014, 05:19:31 PM
Yup, multiplication is finished, the multiplier is 1.35. WOOOHOOO. Anniversary discount "anniversary1yr" still seems to work.
6048  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Great altcoins cloud mining service, ROI 4 months, RECOMMENDED on: September 23, 2014, 07:28:40 PM
Well, Genesis will offer X11 algo mining, that seems to be the plan.

They already offer Dark, X11 coin, but this just Dark payouts. They mine the most profitable scrypt coin and exchange it for DRK.
6049  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, ROI 3 months on: September 23, 2014, 03:36:22 PM
Multiplication scheduled for September 23, 21:00 GMT. People, there is still time to buy a few shares.
6050  Economy / Trading Discussion / Re: Bitcoin arbitrage, pros and cons, experience and profitability on: September 22, 2014, 04:40:50 PM
Please don't get arbtrage confused with these 'guarenteed get rich' quick schemes. You don't always make money no matter which way the price moves, it has nothing to do with the direction of price movement.
With arbitrage, you should always make money on each of your trades. If you do not then you are doing something wrong (likely holding onto your bitcoin position for too long).

What could prevent you from profiting is the lack of trading opportunities.

+1

It should be foolproof, at least in theory. Regarding opportunities, with new exchanges popping out every day, there is always something to trade. I cannot find lots of depth, but there are always opportunities.
You should not necessarily be trusting new exchanges like this. You will always have the chance that an exchange is going to run away with customer money (this is especially a threat with newer exchanges that have little reputation because they have a lesser steady flow of income from trading fees)

I ve decided to stop trading by myself, will just use BT and invest into cloud mining. Have no time to follow the market anymore.
6051  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Great altcoins cloud mining service, ROI 4 months, RECOMMENDED on: September 21, 2014, 07:40:29 PM
Anyone here using them for at least 6 months? How regular are their payments?

I have been using them since May, daily payments, not had any problems.

Keep a track of my you tube videos which I am doing, that will give you an idea about daily payments etc

What is their ROI? 5 months?
Hard for tell what with difficulty changes at the moment
I paid 0.0562 for my 1 MH/s Scrypt and 10 GH/s sha 256 contracts.
So far 6 days in I have 0.00342310 and perhaps tomorrow up to 0.004.

It might be between 4 and 5 months at the moment.
I know that right now I will definitely reach ROI before my GAW miners contracts as the payments on the Genesis Hashlet and the Waffle Hashlet have just been poor in comparison.

I think you should try to compare with Zen hashlet. ATM, that is the most profitable one. Also take into consideration it is much more expensive then Genesis Mining. IMO, both services are nice and I use them both. Differentiation is the key, spread your risk.
6052  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, ROI 3 months on: September 21, 2014, 04:11:26 PM
Beekeeper is going to do a very smart thing. He moved multiplication to Monday.
There is a reason why he moved it to Monday. The next ltc difficulty adjustment is going to take place tomorrow, before multiplication. ATM, it seems it is going to be -6%. This means he ll have to give fewer free shares if he multiplies AFTER that adjustment. This makes me even more confident about ltcgear cause it adds to his credibility. Every good CEO would try to do something like that. On the other hand, no pictures yet, he promised those during the next week.
6053  Economy / Service Discussion / Re: Bitcoin Trader - The Best Joke of the Week Contest on: September 21, 2014, 10:54:49 AM
I would not mine scoring a free share. Here is mine:

A lady was walking down the street to work and she saw a parrot on a perch in front of a pet store.
The parrot said to her, "Hey lady, you are really ugly." Well, the lady is furious!
She stormed past the store to her work.
On the way home she saw the same parrot and it said to her, "Hey lady, you are really ugly." She was incredibly ticked now.
The next day the same parrot again said to her, "Hey lady, you are really ugly."
The lady was so ticked that she went into the store and warned she would sue the store and kill the bird. The store manager replied profusely and promised he would make sure the parrot didn't say it again.
When the lady walked past the store that day after work the parrot called to her, "Hey lady."
She paused and said,"Yes?"
The bird said, "You know."

Smiley))))
6054  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, ROI 3 months on: September 21, 2014, 10:32:58 AM
Oh yes, I use ltcgear as well, these guys are extremely good. There is nothing even close to their ROI.

Glad you like them, welcome to the club of happy owners of ltcgear shares.
6055  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, ROI 3 months on: September 20, 2014, 08:31:55 AM
Patience is a virtue  Grin

First timer with LTCGear, want to invest some more, but want to make sure everything is ok even all the good stories about them.. Wink

Got a bit of everything GAW, Zeus, LTCGear and waiting on hardware.

Great, the only thing you need is Genesis Mining. Here they are: https://litecointalk.org/index.php?topic=20175.0
6056  Economy / Economics / Re: An interesting article - Why BTC price has gone down Sept 18 on: September 19, 2014, 06:53:54 AM
you simply copied and pasted that from the bitcoinmagazine's website, I found the link earlier.

What? You thought I wrote this? Dude, the name of the author is clearly stated.
6057  Economy / Economics / An interesting article - Why BTC price has gone down Sept 18 on: September 19, 2014, 06:13:41 AM
Take a look at this and comment if you like. It is always some kind of crap in China. Has the World really become so dependent on Chinese market conditions?

Why The Bitcoin Price Dropped Today
by GUEST AUTHOR on SEPTEMBER 18, 2014 0
The post was written by Ian Worrall of Sembro Development LLC

Normally in the Bitcoin world sudden price fluctuations ranging from $10-$30 can be attributed to market manipulation by large holders of the virtual currency. However, when the price changes greater than $30 in a short period of time there is typically something more behind it such as imposed government regulations or technical implications such as a mining pool nearing 51% of the total network hash rate.

Today, September 18, 2014, the price of Bitcoin is down 9.39% ($42.70) at the time of writing this article and has decreased by a whopping 17% this week (≈$70) with no clear indications as to why. Through our analysis we believe we have determined the reason. It has nothing to do with the Bitcoin industry but rather the upcoming IPO of Alibaba, the Chinese e-commerce giant, which is set to go public tomorrow, Friday the 19th, which would bring in a vast amount of support from Chinese investors from banks to individuals who have wanted to showcase that the Chinese market means business for quite some time, and this is their golden ticket to do so.

The Alibaba IPO has generated a lot of noise in the financial markets as the IPO date has drawn closer and tonight the leading Wall Street investment banks are holding a meeting to determine the official share pricing of Alibaba as it hits the markets tomorrow. Originally the price per share was said to be in the $60 range, but earlier this week Alibaba raised that estimate to $66-$68 per share. We believe that the Chinese Bitcoin holders began dumping their holdings earlier this week to free up capital to invest in Alibaba when it goes public.

The largest Bitcoin exchange by volume, BTC China, which covers an average of 38% of the total Bitcoin transactions has averaged around 19,000 Bitcoin per day in trades. Today, the volume is currently up over 52% at 29,400 Bitcoin and rising.

On top of increased volume on Chinese exchanges, the volume on the European exchange platform Bitstamp is up well over 100% today at around 21,400 Bitcoin compared to the monthly average of 9,200 Bitcoin. This is right after many of the leading German analysts from renowned investment banks have indicated that Alibaba is a strong buy.

Based on this information, we have concluded that many large Bitcoin investors from China and Europe have exited their positions in Bitcoin to put into the Alibaba IPO.

Are these investors gone for good? No, many factors will determine how long it is before these investors close their positions in Alibaba and re-enter the Bitcoin market. If the Wall Street banks issue an initial price lower than expected we could see the price rebound slightly as soon as tonight. After that, the key factors will include how the price fluctuates during the public offering tomorrow and Post-IPO early next week. If Alibaba remains strong and continues to grow in value, we may not see this money flow back into the Bitcoin market until a “bump” in the economy occurs.

The U.S. Federal Reserve has kept interest rates low as indicated in their public statement yesterday, but they intend to begin raising them as we head into 2015. If this scenario were to occur mid-2015 would be a definite point in time when the investment money flows back into Bitcoin, and at even greater volume due to the gains achieved by investing in Alibaba long-term.

Is it guaranteed that the money will flow back into Bitcoin? While nothing is ever set in stone, our research has shown a correlation between the price of Gold and Bitcoin price movements. This being said, Gold tends to rise, based on historical records, when the markets start to become unstable. So we do believe that a vast majority of the money invested in Alibaba and the gains associated will find its way back into Bitcoin.
6058  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Great altcoins cloud mining service, ROI 4 months, RECOMMENDED on: September 18, 2014, 06:34:42 PM
Another coin added to the list - VIACoin. 
Enjoy mining this great coin! Do not forget to use CI_DISCOUNT code to get 3% off the regular price. Take a look at the first post for more info.

Happy mining!
6059  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, ROI 3 months on: September 18, 2014, 06:16:52 PM
Bought my first 2xqASICs 1600 today  Tongue

Thinking about buying another one tomorrow after a good night of sleep  Grin

To bad i didn't buy into this much earlier, saw this website months ago already, but thought it was a bit unprofessional looking and such, stupid me i bought some GAW haslets and some Zeus Hash last week.. Shocked 

Trying to get rid of my GAW ones, Zeus im stuck for another year..

Still waiting on hardware too, but never going to make ROI on that anymore because of the late deliver..

My case exactly, saw this website long time ago, I guess it was about a year ago. Felt exactly the same as you, the website seemed too amateurish and I dismissed it as something unworthy of my time. Fortunately, I rediscovered them about 4 months ago and I ve been their happy client ever since. The only thing I would like to see is some photos of the farm.
6060  Bitcoin / Bitcoin Discussion / Re: Bitcoin craze dying down? on: September 18, 2014, 05:15:32 PM
Well obviously there a lot of idiots who still sell and intentionally lose money. Guess this is the best way to weed out morons from serious investors.
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