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Some possiblities:
- Amazon.com or another similar company announcing they will accept bitcoin
- The release of a US-based exchange that allows easy, cheap (perhaps ACH) money transfers in and out and a robust trading platform that allows shorting and margin trading.
- Paypal or western union saying they will accept bitcoin and maybe even function as an exchange.
- The US govt declaring bitcoins to be "legal".
- Large financial institutions get involved and start offering bitcoin derivatives
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Not going to happen without some serious negative news.
I don't see why you would want it to happen either. Even crash means a lot of people just lost faith in bitcoin and lessens the change we are going up to $1000. Just buy in now and if bitcoin succeeds, you'll do well.
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I will be really really angry if they ship ANY discrete chips before the ship all the pre-orders have shipped.
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DeathAndTaxes has it right.
Difficulty does not drive price, but price can drive difficulty because it can make mining more or less profitable.
The rise in difficulty we are seeing now is not because of rising price but because of new, cheaper mining technology (ASICs).
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No, this article is the worst idea ever. Not even the jokes are funny. And it seems to mostly be an attempt at humor.
Wow, it's amazing how misinformed they are.
I don't expect much from the fool though. They are just a scam to get you to pay them for their overpriced and probably randomly picked stock tips.
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Up to 30% of the QR code can be damaged and the key will still be read. This is a feature built into QR codes: http://www.qrstuff.com/blog/2011/12/14/qr-code-error-correctionSimilarly a key stored in Wallet Import Format has a checksum that ensures you can't import a mistyped key. This won't save you if the key is misprinted or damaged, though. It just ensures that any key you import is a valid one. So as long as you print the QR code of the private key you should be ok. Another thing you can do is spread out your coins in small amounts among multiple private keys. Say BTC 0.05 per key. That way any damage to one or two keys will limit your losses to a fraction of a bitcoin. So wait, you are saying create 20 QR codes for each bitcoin you own??! |
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hi pizza
Is there a PizzaCoin? |
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As said before Litecoin is dying because it offers 0 advantage over bitcoin. Except it is accepted at fewer places and even more risky. Don't waste your money. All of these altcoins will be dead within a year.
Only an altcoin that offers something significantly different and better than bitcoin has a chance of surviving.
MtGox will NEVER offer Litecoin exchange services. I know they already announced it, but mark my words, it is never going to happen.
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Can I force women to have sex with me with this coin?  Lol no - last time I checked that was called rape. Haha, RapeCoin! I thought of it first! |
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He would tattoo to the private key for the bitcoin address that found the first block on his ass, to be found by the mortician who works on him.
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Ripple is going to fail.
- It's pre-mined and OpenCoin and the creators are keeping most of the coins. Why would I willingly give them money? Especially at this point when Ripple is 100% useless.
- It is centralized and prone to government regulation and shutdown.
- It is not open-source, and is debatable whether it will ever be.
Presently the market cap of Ripple is larger than that of Bitcoin. To me that says it is over-valued and definitely not worth investing in.
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OK, maybe not a hole, per se, but I believe the whole spirit of the law suggests that the FinCEN requirements exist to prevent money laundering, terrorism financing, etc. The way they enforce this is through the use of trusted third parties, or businesses that have an AML policy in place and are registered Money Services Businesses. If a miner creates bitcoins and sells them on the open market, there is no way to track that, obviously. But why wouldn't a miner be able to sell through a trusted third party? If an exchange was a registered money transmitter, that should address FinCEN's concerns about money laundering as there would now be trackability and compliance for these newly created coins entering the economy. Why should the miner have to be registered himself? How could we get FinCEN to make provisions for this?
Even though I am not a miner, I am still concerned about buying some bitcoins and then turning around and selling them through Craigslist, for example, at a substantial mark up. I believe somehow, someway in FinCEN's view this could qualify me as an MSB and that's just stupid. I'd like to be able to sell my coins too. I'm not interested in breaking the law but I shouldn't have to register just to partake in the Bitcoin revolution.
Isn't this what liberty reserve was doing? You couldn't wire them directly. They relied on 3rd party services to accept money and exchange it for LR dollars. They were still breaking AML laws though. |
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This has already happened.
Bitcoins are only actually worth about a penny each, but an investor came along and started buying them up slowly driving them up slowly until they were above 100 dollars.
Now he has stopped and the price has just stagnated and people are looking at each other, wondering what to do. And wondering why many of them spent $100+ on a coin that doesn't actually exist.
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Good point. It's kinda hard to determine which term length is the right one though. Should all history necessarily be considered? If not, what part of it is relevant? I'm not completely sure.
The answer is none of it. You can't predict future price that way. Well, maybe YOU can't.  TA is still fun and there is tons of empirical evidence that its fruits, when properly backtested, can provide steady profits. Even if said evidence did not exist, people would still do it if they acquire enough enjoyment from the activity. No matter how much you tell people "you can't" about ANYTHING, there will always be at least someone who will attempt to do that thing. Sure, I enjoy reading my horoscope too but I don't use it for investment advice. I was simply stating that there was no right or wrong answer because there isn't any correlation between a line you draw on the graph and bitcoins future movement. I admit that some kinds of TA are fun, and some kinds of TA are useful, I just get a little weary when TA is approached more as scientific fact than it should be. |
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It's an interesting idea.
Basically you now need two pieces of information to recover your coins. The transaction and the new wallet's keys. I see it as another thing to misplace making your money as good as stolen.
I prefer to just use a wallet stored on a USB drive with a very secure password (like 16 characters or more). It's easier to make backups that way too so you won't have a single point of failure.
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Good point. It's kinda hard to determine which term length is the right one though. Should all history necessarily be considered? If not, what part of it is relevant? I'm not completely sure.
The answer is none of it. You can't predict future price that way. |
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XBT to mean uBTC (or was it mBTC) is the worst idea ever. There is nothing useful in the name that is going to help you remember what portion of a bitcoin it is.
I think we should use mBTC for 1/1000 of a BTC. and it can be abbreviated in speech as "millcoin".
Transition should occur sometime after 1 BTC = $1000.
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There is a built in incentive to keep mining.
Let's say mining costs rise above profitability. Any slowing in production this causes means a relative increase in demand. That triggers an increase in BTC prices and makes mining profitable again.
There are scenarios where this doesn't work. But as long as the demand is there it will be met.
Your logic is flawed. Mining has no relation to bitcoin price at all. Bitcoin production is stable no matter how many people mine. That is the point of the variable difficulty. |
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Government intervention was inevitable, the fact that it's playing out goes to show that Bitcoin is relevant. I think some of the rewards that you and many others have reaped is because of the significant risk that was undertaken. If you feel that risk is now significantly greater than the perceived reward, then you're right in liquidating. But before you sell, ask yourself why you got into Bitcoin in the first place. You already identified it as the "wild west" and were willing to lose everything you put in, so I think you've assessed the risk properly. Does selling at this point change your life in any significant way? To me, in a boom or bust proposition, that's exactly what you go for, the big boom or the unfortunate bust. Anything in the middle isn't worthwhile settling for as you're cutting short the reward potentially being offered for the risk that you've already signed up for.
I'm not sure about the OP, but I'm guessing he is in the same boat as me. By that I mean, he invested very little early on with an amount that he was comfortable losing. But now, that small amount is a lot more money at risk, even if bitcoin is actually less risky now. My first bitcoin purchase was 500 coins when bitcoin was at $10. $5k wasn't too much to lose if bitcoin completely collapsed and I thought there was a fairly slim chance of that ever happening. Honestly, I was super happy when that $5k turned into $6k in a couple of months. I figured if I could make a couple of grand off of it, that was great. But now those 500 coins are now worth $65k (and I've since acquired many more) and that is a significant amount of money to have in one very risky asset. To put things in perspective, let's say you have $50k in your retirement fund and invest $5k in bitcoins. That's just 1/10 of what you've saved for retirement. But now, 6 months later your retirement fund is probably not much more than the $50k they were were before and your bitcoins are worth way more! Time to sell and rediversify. |
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Is that correct??? Because when I log in and go to "Withdaw", I see "USD : You can still withdraw up to $1,000.00000 provided you have enough on your account (your limit is $1,000.00000 per 24 hours and $10,000.00000 per 30 days)" and I have a verified account. You have to request it be raised (with a max of $5k/day and $50k/30d iirc) ok great, I will do that. Still kind of low, but much better than it was before! |
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