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701  Economy / Speculation / Re: The adoption boom is coming on: November 21, 2016, 11:21:38 PM
Mainstream adoption is coming, get coins now while you still can
Once the whales move in, whole  coins will be too expensive for the average user  ( $10k+)  and people will deal in Mbits or maybe even satoshis...
702  Economy / Speculation / Re: When do you think will be a best time to buy bitcoin? on: November 21, 2016, 05:18:11 PM
For my point of view, It is best time for selling the bitcoin, If you have bitcoin, than should sell it now, because now bitcoin already cross $734 and sometime it grew more, and also should know, not buy the bitcoin, when bitcoin already in a high price, like now a days. Because when bitcoin go to high than people start to selling their bitcoins, and in the result, bitcoin's price suddenly come down. So that is a time to buy the bitcoin in a low price.

anyone who sells their btc now for $734 will probably cry next year  when the price is $10k+
but if you have no belive in the technology and coming adoption and by all means ,sell your btc
cheap and make space for someone else on the moon train .........

703  Bitcoin / Bitcoin Discussion / Re: BitCoin Friendly Countries on: November 20, 2016, 01:30:46 PM
 people running full nodes is a good indicator that a country is
Into bitcoin

https://bitnodes.21.co

Japan, Switzerland and Ireland have a lot for their size
704  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: November 20, 2016, 09:34:28 AM
Me too...   Wink
Nice to meet all you living legends...  Grin
705  Bitcoin / Bitcoin Discussion / Re: How much would you have now if you bought btc instead of your first smartphone? on: November 20, 2016, 09:30:41 AM
Actually the price of phone you own keep on decreasing while the price of gold/bitcoin will keep on increasing. Thats why better to buy some gold/bitcoin rather than things like mobile/car/big tv if you don't need them. I only carry 100$ worth smartphone i don't think i will ever by any iphone.

Nice website, i think you have developed it.

Thanks for the credit but I didn't develop it

I have owned many smartphones, if I count the ones I lost and broken as well, the cash would be worth ~2 million dollars in btc today, one of my first was this one and bought one for wife also:

Samsung Galaxy S2
If you invested the price of the phone at launch into Bitcoin, today that Bitcoin would be worth:

$187,508 USD (16GB)

Launched   2 May 2011
Unlocked Price   $799 (16GB)
Bitcoins Purchased   249.688 BTC (16GB)
Value Today in Bitcoin   $187,508 (16GB)
Return   234.68x price, 166.9% IRR
706  Economy / Economics / Re: Is bitcoin dead? on: November 20, 2016, 09:24:27 AM
I think it is.

Bitcoin use adoption has stalled. Media interest has dissipated. Prices have only slowly continued to decline for a long time now. Bitcoin securities have always been and still are a complete mess, with a near 100% failure (scam/fraud/incompetence/etc) rate. Mining has been concentrated in the hands of a few giant players, eliminating much of the advantage/security/democracy of thousands of individuals being the money processors. Alternative forms of online payment with US dollars (and other fiat currencies) are now cheaper, faster, and more secure than bitcoin (and of course far more usable to buy/sell real goods/services), eliminating any of its advantages as a payment system. Continued decline of bitcoin and strength in fiat currencies has put the lie to the idea of bitcoin as a store of value; there are far better more reliable hedges against inflation. Meanwhile the real economy is firing on all cylinders, stock markets are at all time highs, corporate earnings are higher than ever, unemployment is low, etc. Even amid the boom, no one cares about bitcoin any more. Bitcoin was a fad that lasted a few years, and is now on its way to being forgotten.

Thoughts? Anyone seriously disagree with this conclusion?

Yes, it's as dead as a honey badger....
Dump. Your coins immediately   Cheesy
707  Economy / Economics / Re: Tell me your predictions about Bitcoin on: November 20, 2016, 09:20:01 AM
Massive adoption will come, I feel it's enevitable when we get etf's and wall St money and projects like mega upload 2 Cool
708  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: November 20, 2016, 09:12:34 AM
Of course yes. But for that to happen there must something to happen in bitcoin that will cause many people to sell their bitcoim, then it will probably drop. Or a whale must sell his bitcoin to dump its price until 100$. But that is difficult to happen. No one would sell his bitcoin in a lower price than he bought it. It's still not late to buy bitcoin now. It will rise even more in the future.

I don't think there is any whale big enough to crash the price to $100
There is simply not enough coins in existence and too many people would buy them on the way  down for the price to get to $100
Personally, I doubt btc will go under 600 again but if it went that low I know people who would buy it up immediately to the time of a few million dollars so I think it's safe  to forget about $100 bitcoins....
709  Local / Marketplace (India) / Re: i want buy bitcoin at current market price payment method instant bank transfer on: November 20, 2016, 08:34:38 AM
You should try localbitcoins.com
Many of the Asian sellers sell internationally
And you will be probably  able to get a better rate
than India at the moment
710  Bitcoin / Bitcoin Discussion / Re: No blocks since in the last hour on: November 20, 2016, 08:13:09 AM
i'm not an expert, but when the nodes are updating they cant confirm transactions, can they?

A node can update its client  in couple of minutes, they can use their existing blockchain and update the client so it shouldn't affect confirmation times..... Also all ~5500 nodes will not choose to update at the exact same time

While we are on the subject more new people should run a full node to help strengthen the network,  just open port 8333 on the router and you will be doing your bit to help btc stay secure and fast, if anyone needs help just  mention it here,  I or someone else  will be happy to help
711  Bitcoin / Bitcoin Discussion / Re: No blocks since in the last hour on: November 20, 2016, 07:59:30 AM
This one is really unusual thing. As an update, It seems that the problem was already solved not that  sure tho but the current unconfirmed blocks right now was almost 9k which 2k much lower than your post.

It is not unusual at all, sometimes they're are no blocks found in over an hour and then they find several at once or vice versa...
Its always been this way but you might not have noticed in the past as much as now since the blocks are basically full and there is a lot of transactions in the backlog when it happens now that wouldn't have been so noticeable in the past when the blocks were only 10-50% full (like the earlier  few years)
712  Bitcoin / Bitcoin Discussion / Re: Is bitcoin being used for illegal activities on: November 20, 2016, 07:32:05 AM
I buy all my suitcase nukes with bitcoins, it's just Oho so convenient....  Cheesy
713  Economy / Speculation / Re: rapidly increasing price on: November 20, 2016, 07:22:32 AM
Yesterday it even passes the 750$ mark. Do you even believe it ? Each day seems like a dream for my wallet Grin !

764 on kraken lol
Yes, indeed, the old wallets  are looking healthy
Up  21% this month is  very respectable  gains  Grin
Soon we will be at 1K and then 10k
This maybe the last chance to accumulate in the $7xx range
714  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: November 20, 2016, 06:49:15 AM
Who doesnt want to buy btc at the price of 100$ ? Its already a big big profit when it goes up even at only 200$. But it will need a massive drop on the price of.bitcoin ,before we encounter that 100$ price again.

It will hit $1000 before $100
People who are waiting for $100  bitcoins will have a very long wait lol
I personally don't think we will buy btc under $600 ever again

The price could easily  go  the moon without warning from any number of external factors
715  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: November 20, 2016, 05:12:53 AM
0.1 bitcoin is still alot of money to some people, in some countries thats not a reasonable spare sum to speculate
You not being able to afford a lot of coins shouldn't be a problem at all since Bitcoin is easily divisible into many smaller fractions.

In that aspect, you don't have to force yourself to buy "a lot" coins. Just buy the amount that you can afford without any problems.

If it's just 0.10BTC this month, and maybe 0.15BTC the month after that, it's all fine. These fractions will add up to a nice amount eventually. Smiley
I think the bigger picture is not people deliberately accumulating coins, the real way that this currency rises is on the smallest most unconsidered sums.  That pocket change left over from your grocery shop that you keep in bitcoins as its silly to just convert it back.    What you really need is a million people buying groceries or whatever, with their tiny bits of change left over and between them it adds upto to a saving and they are in that normal trade investing and holding the currency standard at a certain price.

   The value that comes is kinda accidental I think, just like the original users of bitcoin never thought it'd rise so far from 1 dollar.    The OP really thinks 100 dollar is reasonable to wait for and if the whole market is stagnant or still biased to just speculators not actual trade and is volatile that is a reasonable view.
  However if we normally just progress and increase value for larger amounts of people this low bar estimation of bitcoins horizon shows as pessimistic

If you bought a week ago you would be up $60 per btc but go ahead and wait until next year if it makes you feel better....
(but don't blame anyone else if btc is on the moon and you can only buy 0.01)
716  Economy / Speculation / Re: When do you think will be a best time to buy bitcoin? on: November 20, 2016, 01:37:17 AM
Bitcoin will not rise untill feb-mar it will stay between 590-700

Wtf   Shocked
717  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: November 19, 2016, 11:21:43 PM

Quote
As of writing, I’m not aware of any efforts to independently audit the deterministic build process used to create the compute node DVDs that every participant in the trusted setup used. This means there’s a massive single point of failure in the whole process that completely undermines the value of the multi-party computation.

Until the software and deterministic builds are audited, the entire ceremony is a bunch of crypto hocus pocus.

All emphasis original.

All participants of the ceremony had to use of course the same DVD for the setup of Zcash, this makes the whole paranoid process around it completely needless, as it would be enough just to compromise the DVD. The technology of Zcash is hocus pocus I would not feel safe having my money in Zcash.

But perhaps we should post this information on the Zcash forum threads and not XMR.

zcash forums would not allow a post that says their coin is worthless garbage so my guess is they will delete it as soon as anyone sees it
718  Economy / Speculation / Re: rapidly increasing price on: November 19, 2016, 08:41:41 PM
Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump
One of the reasons, as stated before, is supply and demand. There is an increased interest from users, and the fact that we have less coins entering the market, since the last halving, is helping the price.
Another possible factor is that there are rumors that segwit can be activated within the next few weeks.
Other than the factors within bitcoin ecosystem, there are many supporting events happened last week.
The new president for world's powerful economy and good supporter of bitcoin system, china's possible regulations on bitcoin mining that might lead to legalizing bitcoins in china and finally India's new policy on black money heavily driving bitcoin prices, right now Indian markets trade near $900 levels are the reasons for recent sudden surge.

I have a friend in India and he said you can't even buy it for $900 anymore, stocks are running out in Indian exchanges and the price among private sellers is approaching $1k now as people get more desperate to get rid of their life savings before it turns into toilet paper in a few weeks.....
719  Bitcoin / Bitcoin Discussion / How much would you have now if you bought btc instead of your first smartphone? on: November 19, 2016, 08:37:57 PM
If you bought btc instead of your first  smartphone, here's an easy way to tell how much it would be worth now
(NOT FOR THE FAINT OF HEART LOL)

http://bitcoininstead.com
720  Alternate cryptocurrencies / Speculation (Altcoins) / Re: zcash soon 0.2 btc! on: November 19, 2016, 07:24:47 PM
as i say few days ago..its come closer and closer...no more panic buy...

Soon $2
Just give it a couple of months....

I reckon it will cool off around $10 - can't believe people bought it at 7BTC to 1 ZEC insane

I will stick with my original prediction of $2 in 2 Months
The Peter Todd report really proved that the coin is full of holes and a total sham/scam... Nobody is even 100% sure  that the seed generation was not compromised in some way that gives them power to create unlimited coins
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