I feel that $10,000 a coin is Bitcoin's destiny easily. Given the amount of growth and maturity that comes along with it and the limited supply of Bitcoins in circulation, its only a matter of time when $10,000/BTC will be the new $100/BTC.
Chime in!
I would like to believe it, but i dont. When you think just about how much fiat is needed to keep the price in 10k USD range each day; thats something that banks would block definetly. Even at the stage we are in currently, its hard to operate due to banks closing bitcoin related accounts, then just imagine the fuss if u multiply that by 10x-20x. In a "best case scenario" , where the banks and that 1% population would have it in their interest for bitcoin to be at that value, then, and only then can 1 bitcoin be worth 10k $. Cheers Yeah, it seems withdrawing Bitcoin can be a pain in the ass. I know stories of accounts geting frozen by local banks when they try to withdraw. But then again, we have Bitcoin ATM. And as far as I know, you don't need any bank account or anything, you go to your nearest Bitcoin ATM with your paper wallet and withdraw your shit. What scares me is someone robbing you while you are withdrawing or something, since there isn't videovigilance or anything I think, like on banks. The solution to that is simple. Don't be a limp dick. I have always used cash, kept it in my pocket, and I decided long ago that if someone could take it from me they deserved to keep it. As a result, I have never been robbed or pickpocketed. Alternatively, bring a dozen friends whenever you go to get some money out. Anyway, in-person trading on a large scale is the answer to banks getting in the way. Just a matter of how bad people want it. What if you don't have any friends? If you live in a troubled area you are pretty much fucked. If they use a knife on you, as in "give me your Bitcoin wallet or die", what would you realistically speaking do on there? Let's be serious, Bitcoin is awesome, but enough to lose your life to some punk that wants to rob you? Im not sure about that one. |
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So what do you guys think about this graphic as seen on the rpietla thread?  Are we there in Bitcoin or not? Can we equiparate Microsoft which is a business, to Bitcoin which is intended to be a currency? |
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After the GOX collapse, anyone with fiat or Bitcoins on any exchange has balls of steel. Gox did a lot of harm, and it will take time to recover.
This is why we are seeing so little volume in general, no selling and no buying, sorry but no more bubbles until 2015...
True, but what could possibly happen in 2015 to change this? Are you implying we'll have a trusteable exchange? What constitutes a trusteable exchange? Of course anything is more trusteable than some manchild that used to play Magic the Gathering, but im just saying, what would the ideal scenareo be on there? |
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Lol at the comedy algorithm.
Well going back on top a bit, for these that do agree with that Microsoft chart and are making analogy to it saying we are about 5 years in on that graph... but really, how do you know? Like the blockchain is compromised and everyone abandons BTC, or it gets superseded by a superior coin with better anonymous features... stuff like that. How are you guys so sure and calm sleeping millions of dollars (for these that do have a lot of BTC, not me... I can wait) while these could happen?
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Hi, i've updated the translated post, waiting for this to be released, seems interesting.
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For me, the primary reason I don't invest in most altcoins is that I believe most are scams.
Knowing that it is possible to invest before the pump and sell at the dump, but to do so would take advantage of other people and it encourages the practice of creating scam coins.
However altcoins that
A) Are not scams
B) Have devs I believe are serious
C) Add something I think bitcoin lacks or does something better than bitcoin
Those - those I will consider.
But as far as serious investments go, I'm just a tadpole in a water hole full of gartersnakes. I don't invest a lot, it's hard for me think like a devious person so it is easy for me to get taken.
Even if you were to try to profit from the shitcoins by buying then selling a pump, you would need to guess the rise and buy soon enough for this to happen. A lot of money is lost this way. Sometimes it isn't as obvious, ie: Mazacoin. It was to have guessed the peak was 9500 sat when it seemed as if everyone already asumed this was the new ceiling. I know because I bought into it myself. |
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It has decreased, a lot. Well, the only investment I made as in buying was QRK, then I mined AUR (which I didnt sell at the peak), then I mined DOGE, which I sold at 100. The rest isn't even worth mentioning.
Im waiting for guaranteed gains with XMR.
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rpietila or anyone that's holding XMR, can you give me some trading advice on this?
I have around 60 XMR, I bought some at 70K (yes panic buy, I thought it was going to replace DRK prices, and I still think it will but not that quick..) then I bought some at like 40K too.
Should I hold until around 90, then sold and buy back at a 60K correction?
Should I just get the coins out of the exchange (Poloniex) and cold storage them on my wallet?
If I do this to, I don't feel like it will be a quantity high enough to deliver me decent gains, so I would ideally like to try to get more XMR in small increases as I sell during the (I hope) what I think will be peaks. I've observed in most altcoins after a 40K increase or so, there is a correction that lasts a couple days or sometimes weeks.
My experience in trying to guide others in trading, is that even when I am exactly right, and do really well with the same strategy that I suggested to them, they tend to lose. I think the "selling 20% every time price doubles" sounds really and within the context of Monero, which is a coin I trust for long term, it would make sense since I do believe price is only going up in the long run. I would have a much calm mind if I didn't buy at the damn peak tho, I have that constant feeling of wanting to solve that out asap, but I feel that as long as it approaches the price I bought that a small panic buy will happen reaching 0.01 territory, with a correction that may or not be enough for me to start making gains and recoup the investment. But yeah, im not gonna ask for exact numbers of course. |
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I wonder what Bill Still thinks about Quark these days? I remember I invested some BTC to get like 500 QRK which I still own, and im pretty sure i've lost money. I reckon he and Max Keiser were pumping this coin and there was a big price uprise expected after the Bill Still interview on Keiser's show but nothing happened, the price as done nothing but keep going low since then. I think QRK is a good coin with a good community but the instamine thing is going to keep chasing them just like it will happen whit DRK (in fact it happens now).
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XMR, and dont forget about FCN. The guy came up with merged mining, I think this coin deserves a lot of more credit and it's super undervalued right now, it was one of the first CN coins and it went under the radar, for some reason QCN had higher prices. Reason probably being good o whale pumping.
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Monero seems to be where the smart money is in anonymous coins. No premine, instamine, or other silliness. It's very user-unfriendly now, but that lack of user-friendliness is just more upside for those willing to invest now. I'm considering it myself, but can't find a way to make a cold wallet. May just trust bter.com or other exchange with the coins until I can figure out how to make a cold wallet without messing with the client. Note, however, that any altcoin is subject to the spin-off technique, which is likely to start happening very soon so make your money in alt-ledgers while you can  Pretty much this. CryptoNote is clearly the future and the only legitimate way to do 100% anon transactions. Dark Wallet doesn't fully solve several issues, Darkcoin is subjected to node attacks, and the other CN coins haven't got the good combo of solid + solid launch without shaddy stuff. It's pretty much guaranteed it will reach Darkcoin prices this year. GUI wallet is already available. |
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I remember you could do SETI@home and protein folding with PS3, the power was decent at the time, but the lack of legitimate fans and good cooling made the machine absurdly hot. Overall not a good idea to mine with a console, specially in the summer you can kiss it goodbye.
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When explaining mining to people, I liken it to gold mining. It was obviously modeled similarly.
A very obvious and key difference though...
While mining Bitcoin serves to bring new bitcoin into supply, like gold.
Bitcoin mining further functions to secure the network & process the transactions etc... (if you want to go into how that works from there w/ ledger etc... so be it) - gold mining in no way functions to secure gold.
After laying out the above, it usually starts to click to people.
There are obviously more differences but it covers things pretty well.
Right, but what happens when all gold (BTC) is mined? How is it planned that miners are incentived enough to the point they keep mining? Will the rewards be relevant? Also, what kind of processing power in terms of hashing are we going to need may Bitcoin be accepted at mainstream tier levels of adoption, with shitloads of transactions every second? How is it guaranteed that there will be enough processing power on there in such scenareo? |
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I have never been able to own an entire Bitcoin since I joined the party a year go. I once had the possibility to withdraw 2 BTC from the AUR bubble but I didn't sell. Oh god. I guess that's life. My main mission now is to own 1 BTC for my mental sanity, then put it in a cold storage vault for 10 years, then continue obtaining more BTC and try to gamble a bit with these in the markets.
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My husband and I were careful not to invest either because of the relationship with drugs, money laundering back in 2012. We waited until we heard that some money laundering rules were at least being put into place before making our first purchase in 2013 right before the April bubble. Unfortunately we did not go "all in" at that point and just put our feet in the water so to speak. I feel like fear of the government cost us a few thousand, if not hundred thousand, at this point. At least we are involved now and it is still early! You are most likely incapable of understanding exactly how too late it is at this time, but it is too early to say for sure how late it actually is lately, and when the time comes you will be surprised at how early some of us (me in particular) were able to determine how late it actually is. Lately I have been giving this topic some thought, especially early in the morning when I awake, which in your part of the world would be very late at night, but I actually experience day earlier than you ever could because of the rotational bias of the spherical solar satellite on which we reside being more attuned to my early waking than yours. It is simply too late for you. But I am done trying to elucidate the likes of you, and will leave now, never to return to this thread. This guy is a legitimate troll. You can read his introduccion post, well I did 2 times and I still don't fully get it, just as this post. At least the guy is somewhat hilarious. |
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Yup, I can also confirm that my payment went through, just checked now and recieved exactly the amount of BTC I expect. In my difficult situation this is a great help, thanks to Stunna for staying legit.
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Didn't relies you could turn off forum ads. They are not to annoying.. just like the option says hehe.. but good we can disable them.
For some reason I thought they were only disabled for VIP members. Has it always been possible to disable the ads ?
I think the blue PrimeDice signature is quite aesthetically pleasing to eye. The blue color is nice to look at. For some reason tho, im sightly disturbed at the red one. |
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So it is .0005btc per post regardless you are Member or Hero?
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I wonder how many people use this as their primary source of income :p ?
The payment goes out to everyone at the same time I believe. (It did last month).
Last month we got paid on 09/06 at 22:05 UTC.. I think its 12:25 UTC right now.. Of course he could send sooner or later than that.
Don't stress peoples.. You'll get BTC soon.... then off to spend it at the candy store on penny whistles and moon pies.
Primary source of income?  Are you serious? can you live a month for 0.24 BTC ? example of what Full Member can get maximum for a month. Well Sr And Full Member will get a bit more but still not enough to pay utility bills ... Well, it maybe isn't much for you, but for me and for my friends who are also students here (of course all of us unemployed, thank you goverment) this is a great way to get an extra while also helping him promoting his site. Most people I've talked to know Primedice thanks to the signatures in this forum. Like "I keep seeing this Primedice thing, let's click..." then they start gambling. It's pretty addictive I reckon. So yeah, Stunna is doing God's work. |
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I filled form and write signature, should I suppose to do anything else? Thank you.
No, just guarantee the link you provided contains your id number of your profile, and that your profile contains the BTC address you want to paid at. |
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