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81  Economy / Speculation / Re: In the long run, bitcoin will be worth $0. on: April 28, 2013, 05:20:42 AM
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.
82  Economy / Services / Re: Gigamining / Teramining on: April 20, 2013, 07:45:45 AM
James, what happens if not claimed on/before 23 May 2013?
What happens to the unclaimed shares?

He will get a scammer tag hopefully
83  Economy / Securities / Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx on: April 19, 2013, 05:11:15 AM
maybe Eric's lawyer recommended him not to renew the domain registration
84  Economy / Securities / Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx on: April 19, 2013, 03:35:31 AM
maybe they need to buy some cheap shares back  Grin
85  Economy / Speculation / Re: Bitcoin's market microstructure -- what's behind all this insane movement? on: April 18, 2013, 01:09:43 PM
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.
86  Economy / Speculation / Re: in early stages of bitcoin era, the war on exchanges has started doing victims on: April 18, 2013, 09:25:20 AM
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.
87  Economy / Securities / Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx on: April 18, 2013, 07:09:01 AM
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 Wink

Spreading FUD is a certain way to go on Ignore list  Grin
88  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: April 18, 2013, 05:49:59 AM
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  Smiley
89  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 16, 2013, 05:22:25 AM
Anyone heard of Loaded? Looks like he's either hanged himself or cashed out and ran away from bitcoin as fast as he could  Grin
90  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 12, 2013, 09:23:00 AM
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.
91  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 12, 2013, 08:12:18 AM
C'mon guys let's help bitcoin and start buying...



too early; bitcoin is still way overpriced; last stability was somewhere around 20 USD
92  Economy / Speculation / Re: 2011 survivors club on: April 11, 2013, 05:36:54 PM
Looks like I have the oldest account here  Cool 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.
93  Economy / Speculation / Re: verification queue is NOT a good indicator on: April 11, 2013, 02:07:06 PM
and after recent sell-offs most of people willing to buy will think twice before sending any money to MtGox after they are verified
94  Economy / Speculation / Re: New DDOS now in progress, what will happen? on: April 11, 2013, 10:06:18 AM
looks like some angry hackers who lost a lot of money in bitcoin bubble taking a revenge  Cool
95  Economy / Speculation / Re: IT STILL ISN'T BACK TO "NORMAL"! on: April 11, 2013, 05:09:35 AM
Bitcoin will go into economic textbooks soon  Grin
96  Economy / Speculation / Re: Remember, if you sell you have to pay Capital gains taxes. Or you can just spend on: April 10, 2013, 06:43:50 PM
Capital gains are not taxable in my country  Cool 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?  Grin

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.
97  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 10, 2013, 05:10:13 PM
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.
98  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 10, 2013, 05:02:27 PM
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_them


The 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.
99  Economy / Speculation / Re: Remember, if you sell you have to pay Capital gains taxes. Or you can just spend on: April 10, 2013, 04:50:30 PM
Capital gains are not taxable in my country  Cool 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?  Grin
100  Economy / Speculation / Re: We've hit $200. Don't sell too much... The bitcoin price is about to EXPLODE!!! on: April 09, 2013, 12:32:00 PM
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  Cool
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