FOMO usually means "Flavor of the Month"
I think there are some promising new coins coming out. If you do some research and find a project you like, there is the possibility that being an early miner will pay off.
I'm currently mining Burst in the hopes it becomes successful. I've mined Monero for a while and have a few coins that I will hold with the hopes Monero is still used in a few years from now.
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According to Blockchain.info the estimated transaction volume over the last 24 hours was about 343,500 BTC, and the total mining revenue was 2000 BTC. The cost of the Bitcoin payment system is about 0.6% of transaction volume.
Visa's yearly transaction volume is about $3300 billion, while its revenue is about $14 billion. The cost of the Visa network is about 0.4% of transaction volume.
Visa is currently more efficient than Bitcoin, but I expect that to change in the future.
Thats actually a really interesting point, and I don't think I've seen it brought up before. Visa has had decades to improve its efficiency so Bitcoin isn't doing that bad IMO. We do need to improve confirmation times if we want to move beyond being an online payment system. The only (currently) acceptable option for using Bitcoin in person is to load it on a debit card etc, which means you are relying on another service to enable your payments. The complication and fees make this really unattractive to most everyday users.
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If you have money saved in a bank, invested in stocks/ bonds/ 401k etc would earning money from interest be considered "passive income"?
Its a bit different than ads on a website, but you are earning based off work you did previously so it may be a similar idea.
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If you have enough Bitcoins that you need security, you could always print a paper wallet, rent a safety deposit box at a bank, and leave the wallet there.
But there is nothing like a bank where they offer to hold and insure your Bitcoins that I know of.
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Its a dilemma for sure. I consider them "sacred" and people should respect them. But, if given the chance, I can't say that I wouldn't take them myself. So I guess I vote "give notice" then they are up for grabs to anyone who has the ability to access them.
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Litecoin up 20% overnight. Can't find anything new other than an update to Bitcoin Core 0.13. It looks like an organised pump at a new Chinese exchange How much will a pump at a Chinese exchange affect the prices at other exchanges? And how long would it take for the price to change? It must depend on the size/ duration of the pump?
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Uh, do they have any games which are "provably fair" ?
Hopefully part of the process to becoming a licensed site involves a code review. This is one of the reasons we need regulated gaming in the United States. Offshore sites are making millions of dollars with games that could easily be rigged. Just like drugs, the real way to help control gambling is through taxation and regulation.
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Very nice! Would be amazing to have some more hardware from people so involved in the mining community. Its easy to tell just from a small device like the Gekko sticks how much work you guys put into these projects. Best of luck to everyone involved!
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I really hope Burst becomes popular. Look at the website. http://burst-coin.com/Tell me what other coin is worth so little but has a professional site, support staff that help people on the forums, an integrated wallet/ miner that is under constant development, support from the major exchanges. Very promising company in my opinion.
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Its interesting to look at the XMR price. Everyone is saying the coin is dying because of the drop in value, but its actually 3x the price it was just a few months ago. Not bad when you look at it from that perspective.
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I actually believe that this service will be successful at first, but it runs the risk of legal action if people are using it to transfer pirated videos, music etc.
The investing I will be doing is holding some Bitcoin in hope it attracts new users and the price rises. But the company could be very successful and investors could actually stand to make a lot of money.
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So if there are only a couple million Bitcoin users currently, and Kim Dotcom predicts the new Bitcache service will generate at least 2 million new users, we could potentially double the number of users.
The same supply with twice the demand would (eventually) double the price. If this is true, a price of $1000-2000 actually seems reasonable.
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Someone is doing a chargeback for a transaction that happened 3 months ago, saying they never received goods or service? This sounds like a pretty shitty service. I hope you have some sort of proof, and it may not even matter if its for Bitcoins if it violates their Terms of Service.
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I actually don't think anyone is using Monero (yet) and thats the problem.
It appears the darknet market adoption was overhyped and none of the vendors are really accepting it for payments. Which is crazy since there have definitely been cases of vendors being busted through their Bitcoin withdraws.
I still believe the future will be good for Monero unless it dies with the release of Zcash. (And you're fucking crazy if you trust Zcash for your privacy. Trusted setup ROFL.)
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I would be very surprised if BTC didn't hit $700 by the end of the year. And with the possibility of someone like Kim Dotcom or another service starting to bring more Bitcoin users in, the future could look very promising.
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I buy a bit of Lisk with my signature campaign earnings. Its an interesting project but I worry that its just another one of the platforms that doesn't really do anything other than try to make its own coins and piggyback onto the success of Bitcoin without actually accomplishing much.
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I sold 50% of my Ardor holdings immediately after it got listed on Poloniex, while still holding the other half which I think would be the best thing to do in the long run. And now I don't care whether the price goes up or down at least I already made a good profit out of it.
That's probably smart. That way you get some profit no matter what happens, and if the price goes up, you still have some coins for long term investment.
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I think I may sell off my ETC if it drops back below 0.0016 But if it goes above 0.0017 we might see another pump. IDK everything is so uncertain with the Forks coming up. I'm sure whatever decision I make it will be the wrong one lol.
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GBP is a very dangerous investment right now. It may bounce back at some point in a few years, so a long term investment could be okay. But in the short term, I wouldn't be surprised if we saw 1:1 with the US Dollar.
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Not sure why it should surprise anyone, as I expect many who received Ardor tokens got them absolutely free. Buy NXT after announcement, sell NXT about a month before final token release ... initial investment recouped or at most, minor cost = lots of free Ardor. And we all know when anyone gets free coins, there is always a selloff to start.
Yes all the kids who got free coins are going to cash them out for Bitcoin so they can invest in some junkcoin when it starts pumping. Anyone would be wise to hold onto at least a few ADR in case the price really jumps.
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