I would think it more likely that Bitcoin evolves little by little, instead of being entirely replaced by an alt. coin.
Or some othr network evolves on top of bitcoin network which will enable faster transactions etc.
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James, what happens if not claimed on/before 23 May 2013? What happens to the unclaimed shares?
He will get a scammer tag hopefully
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maybe Eric's lawyer recommended him not to renew the domain registration
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maybe they need to buy some cheap shares back
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there were times with bigger liquidity and very stable prices. Recent price rise due to coming of big players to market disturbed this, lots of market makers that provided liquidity at previous price levels vanished or cashed out and looking at recent busts of some of the exchanges (btc24, bitfloor) it is not very encouraging to keep money there. So, looks like no stability in foreseeable future.
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I mostly use bitcoin.de which is a peer-to-peer exchange, similarly to eBay people sell to each other and bitcoin.de works like a middle man blocking bitcoins while the transaction is ongoing. That's the way forward though you cannot buy/sell huge amounts this way and trade in real time with bots.
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Bets are going through, as evidenced by dooglus' script... and in the last day their profits went from 2100~BTC to 2900~BTC. Please get facts straight before posting things like this.
Naawwww..way too much effort. Spreading FUD is the Bitcoin way..stay here long enough and you'll understand Spreading FUD is a certain way to go on Ignore list
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Slush pool was under DDOS attack last 2 days and almost unable to mine. I wonder how likely it is for attackers to DDOS some major pools and meanwhile take over 50% of the bitcoin network computing power. Will be interesting to watch how bitcoin infrastructure will handle this. Bitcoin's popularity is getting some criminal minds to be very interested
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Anyone heard of Loaded? Looks like he's either hanged himself or cashed out and ran away from bitcoin as fast as he could
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C'mon guys let's help bitcoin and start buying...
too early; bitcoin is still way overpriced; last stability was somewhere around 20 USD Check the charts. Since around 20 it went straight up. In the long run (next couple of months) I predict bitcoin will go there. There was a lot of investments into infrastructure recently with coming of ASICS, so miners will sell a lot and push the price down. On the other hand after recent sell/offs with a lot of people burned and negativity in the news, money inflow will decrease. And I don't think large investors will come to save bitcoin if common people don't care, they would burn themselves and they are not charitable organizations, they are looking for profit.
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C'mon guys let's help bitcoin and start buying...
too early; bitcoin is still way overpriced; last stability was somewhere around 20 USD
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Looks like I have the oldest account here Was here a long time ago, but didn't get involved in bitcoin much until after 2011 crash. Started seriously investing into it at the end of 2011, but sold most of them in February and March (not at the top unfortunately). Looking forward to buy some more after the price stabilizes. I don't think it will be in next couple of months though, there's still a long way downwards.
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and after recent sell-offs most of people willing to buy will think twice before sending any money to MtGox after they are verified
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looks like some angry hackers who lost a lot of money in bitcoin bubble taking a revenge
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Bitcoin will go into economic textbooks soon
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Capital gains are not taxable in my country I sold a lot of coins to tens of different people around the Europe on peer to per basis. There's no way how they could impose tax on me. What if bitcoin depreciates? Will the goverment pay for the losses of all those people who'll be burned? I need to know what country! I thought that Thailand was without tax on capital holdings, and you don't have capital gains tax either?? Wow. Are you in the Vatican? I live in Slovakia. I checked it now and there IS capital gains tax actually, but only for investments that you hold shorter than 6 months (I bought all bitcoins some time ago at a price around 3 EUR - 4 EUR, so it doesn't apply here). Dividends are not taxable here either. As I'm not a miner who creates and sells bitcoins, I don't think it can be taxed as a profit from commodity sales either.
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Test to see what the logical action should be:
1. Is there a fundamental flaw in the Bitcoin protocol?
YES / NO
Action:
If YES then SELL.
If NO then HOLD.
2. Has there been any large and negative fundamental changes?
YES / NO
If YES then SELL.
If NO then BUY.
I already pointed out in other thread that google trends for bitcoins peaked last week and I think it is only a question of time until the money inflow decreases. We may have already reached the top this week. Bitcoin is still very inflationary and you need a constant inflow of fiat to retain the price levels.
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The stable price is where the value created by bitcoin network is equal to the costs of running the whole network. And at least one of those two is dependent on bitcoin price. So just try to estimate those two numbers and compare them.
That is just not true. Search your feelings and you know it. Is the price of 100 dollar bill same as the cost of printing one? No it is not and it is same with Bitcoin. Can you be more specific at what exactly is not true. The cost of running the network is not dependent on the cost of creating early bitcoins. Those were very cheap. The cost is dependent on the current market price. That myth is debunked here: https://en.bitcoin.it/wiki/Myths#The_value_of_bitcoins_are_based_on_how_much_electricity_and_computing_power_it_takes_to_mine_themThe statement is true in a way. Miners will not mine without being profitable, so they will not sell bitcoins below electricity costs and probably not below electrocity costs + hardware and maintenance costs even.
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Capital gains are not taxable in my country I sold a lot of coins to tens of different people around the Europe on peer to per basis. There's no way how they could impose tax on me. What if bitcoin depreciates? Will the goverment pay for the losses of all those people who'll be burned?
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I dont' know. Google trends for bitcoin has gone down in recent days. Bitcoin had its headlines in newspapers peaked last week. I guess we will hit top in next couple of weeks if not in next couple of days. Most of the buying is speculative, so guess what will happen afterwards
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