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1  Economy / Speculation / Re: Will bitcoin rise again or it is still crashing??? on: February 19, 2014, 02:11:36 AM
You have to evaluate, the reason that you bought the btc in the first place.   Was it because you wanted to be part of something new?   Did you want to be a participant in a vehicle that has the potential to change the financial world as we know it?   Or were you just hoping to double your money in a few days/weeks/months?  Also you need to evaluate if it could affect your life if the value halved again, or even worse.  

If the value plummeting could adversely affect your life, or make you lose sleep, then maybe selling is the best option for you.   If it was the latter, and you want to be a part of the bigger picture, then definitely hold.   There is definitely still the potential for massive growth, it is just starting to look like it is on a much bigger timetable than most had hoped.  

If you bought only a few btc, and your idea was to  get rich quick, then that idea is pretty much out the window for the time being.   That doesn't mean that you are not going to make long term gains on the investment, however.   Keep in mind that a 10-12% return on a stock market investment is still considered strong.  You can still reap those returns on any given day in the btc market.

Thanks for your advice, i really appreciate it... I bought them to buy a couple of things and i seen how low it was and thinking should i buy more and hold on to some but regardless i'm still gonna make a couple of purchases. i definitely didnt buy them to sell them or anything of that sort.
2  Economy / Speculation / Re: Will bitcoin rise again or it is still crashing??? on: February 19, 2014, 02:09:04 AM
Don't be in a hurry for your bitcoins to reach their potential value. Will the whole bitcoin economy be worth more than $8 billion in a few years? Many people who understand the technology think that it, or cryptocurrencies in general, will replace a lot of the current global financial infrastructure eventually, which is worth trillions. Will it be a smooth ride up until then? Definitely not. Will it go a lot lower on the way? Maybe. Take a chance if you're greedy, or just sit tight and hold. These forums are full of people weeping about how they were just about the buy back in at $2, $5, $200, whatever. I sold a few at $100 in July thinking it wouldn't see that high again. If you can afford what you have spent on them then hold on to them, if not, sell the bitcoins you can't afford and stop worrying. In the end it's your choice.

Thanks for your input, i appreciate it.
3  Economy / Speculation / Re: Will bitcoin rise again or it is still crashing??? on: February 19, 2014, 02:07:00 AM
Get a back bone fucker. Either hodl or be a pussy, sell and don't ever come back.

Man fuck you bitch, im asking a simple question there is no need to go on your period just because of that. Die slow.
4  Economy / Speculation / Re: Will bitcoin rise again or it is still crashing??? on: February 18, 2014, 05:25:27 AM
HODL!

Alternatively: omg get out, sell, quick, it's gonna crash!!! and besides I need to buy your coins cheaply right?

Summary: it's difficult to take any answer you would get here as an honestly held belief.

For what it's worth: I am not sure which way prices will go when MtGox finally either opens the floodgates or dies outright. I do think that if there's a crash, it will recover. I'm not into tons of risk but I've already covered the amount I put in to bitcoin, so I'll be happy to hold for the foreseeable future and see what happens.

Good luck!

Thats true, i think i might just hold on to these... that would be the best option right now, plus if it rise back i would have a great profit for my investment.
5  Economy / Speculation / Will bitcoin rise again or it is still crashing??? on: February 18, 2014, 05:16:25 AM
I just bought some btc recently and was wondering if i should keep it until btc rises....
6  Bitcoin / Electrum / Re: Does Electrum suffer from transaction malleability? on: February 18, 2014, 04:52:57 AM
To clarify, from the linked thread: be careful with subsequent transactions and automatic payments made with Electrum for now.

Man thats kind of scary, should i switch to bitcoin qt and send all of my btc from my electrum to the new bitcoin wallet ?

All bitcoin clients are affected by the bug. All you have to do is wait for confirmation after you've made a transaction before you make another transaction.

Ohhh ok, thanks for the heads up
7  Bitcoin / Electrum / Re: Does Electrum suffer from transaction malleability? on: February 18, 2014, 04:31:13 AM
To clarify, from the linked thread: be careful with subsequent transactions and automatic payments made with Electrum for now.

Man thats kind of scary, should i switch to bitcoin qt and send all of my btc from my electrum to the new bitcoin wallet ?
8  Bitcoin / Electrum / Re: I want to update to 1.9.7 electrum but scared i'll lost my bitcoins on: February 18, 2014, 04:14:27 AM
thanks barak... edit - a matter of fact i did this the first time i downloaded electrum should i do it again, i wrote down the seed and password when i first did it.
9  Bitcoin / Electrum / Re: I want to update to 1.9.7 electrum but scared i'll lost my bitcoins on: February 18, 2014, 04:08:27 AM
LOL Nice one  Grin
10  Bitcoin / Electrum / I want to update to 1.9.7 electrum but scared i'll lost my bitcoins on: February 18, 2014, 04:00:20 AM
(noob question) How do i properly update my electrum wallet to 1.9.7 and still have my btc ? I looked on the documentation but didnt find anything referring to this...Also Do i even need to update it or is it ok if i keep this older version ? Is it anything i need to backup just to be safe if i uninstall this to reinstall the updated version? This is what my password is for right, like if i lose my wallet or anything i can just restore it with my seed password right ?
11  Other / Beginners & Help / Re: Where can i buy bitcoins for LR ? on: January 22, 2013, 08:18:24 PM
Thanks i will definitely check it out...
12  Other / Beginners & Help / Where can i buy bitcoins for LR ? on: January 22, 2013, 07:48:05 PM
Hi guys soon right now i'm exchanging Paypal for LR and i'm looking to buy bitcoins after doing so, i would like to know what website are legit and good for buying bitcoins via LR?  and also what members on here are legit and trustworthy sellers of bitcoins for LR?
13  Other / Beginners & Help / Re: Does anybody here use BTCPak? What are the fees ? on: October 21, 2012, 12:56:31 PM
Nevermind guys i thought BTCpak was for buying BTC with MP's but it's vica versa.
14  Other / Beginners & Help / Re: Trojan Wallet stealer be careful on: October 21, 2012, 12:49:50 PM
Thanks for the heads up, Its crazy how many scammers are out here
15  Other / Beginners & Help / Re: Mining explained in a simple way for my friend on: October 21, 2012, 12:48:15 PM
I once tried explaining mining in a way a seasoned citizen might understand it ... using bingo cards!

 - http://bitcoin.stackexchange.com/a/3978/153

Wtf bingocards?  LOL thats out of the box but super cool
16  Other / Beginners & Help / Re: So, what happens when bitcoins stop being produced? on: October 21, 2012, 12:45:26 PM
I hope they never stop, i just love the whole concept of "bitcoins"
17  Other / Beginners & Help / Re: I am developing this: http://www.pyramining.com/ on: October 21, 2012, 12:44:15 PM
The "Pyra" made me click this the thread, for some reason " Pyramining " sounds really interesting...
18  Other / Beginners & Help / Re: How much do you pay for electricity? on: October 21, 2012, 12:41:57 PM
Solar so no bil  Grin

Are you joking or telling the truth? lol i didn't know solar power could produce that much electricity, Thats sweet
19  Other / Beginners & Help / Re: HOWTO: create a 100% secure wallet on: October 21, 2012, 12:37:02 PM
Thanks dude i just download the bitcoin wallet and needed this.
20  Other / Beginners & Help / Re: Trust No One on: October 21, 2012, 12:35:05 PM
Thanks for the heads up buddy, i will definitely be more cautious now.
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