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1  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 12, 2013, 06:12:03 PM
Everyone please, stop the madness !

I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.

This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.

China is the absolute #1 investor in USD. Get your facts straight.

Well, since you apparently have your facts straight, please point me to a source that verifies you claim that "China is the absolute #1 investor in USD".

http://bonds.about.com/od/Issues-in-the-News/a/Who-Are-The-Largest-Foreign-Owners-Of-U-S-Debt.htm

"Largest Foreign Holders"

Largest holder is the FED with 14% of the teasury securities or almost twice as much as china. And please don't link to about.com when you can get the information directly from the source.

Fed Holdings: http://www.federalreserve.gov/Releases/h41/Current/
Treasury Obligations: http://www.treasurydirect.gov/govt/reports/pd/pd_debtposactrpt_0913.pdf
Foreign Holdings: http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
2  Economy / Economics / Re: Should I invest in the dollar? on: November 11, 2013, 09:51:39 PM
I switched.

The USD is backed by the full military power of the United States.

BTC is backed by... the USD...

So at $1/350BTC, seemed like a steal to me.
3  Economy / Speculation / Re: What do you see here? on: April 30, 2013, 02:32:00 PM
That's not really weekly vs. daily... just a matter of log vs. algorithmic scale.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: BitsnBytes! A Live Bitcoin/Bytecoin Orderbook on: April 09, 2013, 06:29:11 PM
Encountered an error. Could not send mail.

5  Alternate cryptocurrencies / Altcoin Discussion / Re: [BTE] 1bte givaway, post your addresses gents on: April 05, 2013, 09:25:20 PM
8Wp5t9ECxPW2VYUPBs2qmRGfm5nSUupNMQ
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Bytecoin [BTE] (Genesis block launch April,1 2013) on: April 05, 2013, 03:29:39 PM
Yes. In a few years each bytecoin will be worth $1000 USD!


And $1000 USD will almost be worth 2 pebbles of sand  Grin

+1 Smiley
7  Other / Beginners & Help / Re: The 2013 Cryptocurrency Bubble on: April 03, 2013, 03:17:31 PM
It will be curious to see what happens in the near future.

The valuation of a BTC to USD is currently $141 per BTC. Just two days ago, this valuation was at $92 per BTC. If this bubble bursts, I will be quite interested to see how far it falls.

I'd suspect to see a valuation of drop close to $20-$40 per BTC at the high end of things.

If the "bubble" bursts, it won't have a valuation of $20-$40. It will be worth $0. It will scare the general public away from crypto currencies, and we would have lost. Those merchants who are getting involved now will decide never to try bitcoins again after sustaining potentially irreversible losses. The more volatile the price action, not only does it appear to be more bubbly, but it makes it increasingly difficult for merchants to use it and it becomes more tied to the USD.

What Bitcoins need if we are going to succeed in being the currency of the future is not greedy hoarders--who claim they want what's best for bitcoin but really just want to profit when it gets to $10,00/BTC--we need stability. And if that means that you don't get to hold 10,000 coins into the future of bitcoin, it's for the good of the coin. Bitcoin will never see $10,000/BTC if it is just hoarded and not used.
8  Other / Beginners & Help / Re: The 2013 Cryptocurrency Bubble on: April 03, 2013, 03:04:09 PM
Everywhere I see people saying Bitcoin will keep 'raising and raising'. Those two words applied to housing prices got the U.S. into just a little mess starting in 2007-2008.
Pure hysterical raise is actually bad for Bitcoin in the long run. If does indeed turn out to be a crash, the bar, in terms of public image and value, will be much higher to be accepted as a real alternative to traditional currencies. Not that Bitcoin or the users are worried about public image. You may be looking at another 5-6 years before Bitcoin sees another uptick.

As much as I want to Bitcoin to raise, can anyone offer some insightful notes on why Bitcoin's price is going up?

Thanks,
SZ



This is my worry as well... The prices seem extremely unstable. I have read about guys who are "hoarding" 10,000s of bitcoins and don't plan to sell until the price reaches $1,000 or $10,000. They claim they don't want to cash out because they want to show that they truly believe in Bitcoins. But I call bullshit. If they truly believed in Bitcoin, they wouldn't care whether they cashed out at $10, $100, or $1,000. This insane rise in the price has every sign of a bubble. Yes, including people calling it a bubble. Just because people can identify it as a bubble doesn't mean it's not a bubble. It also doesn't mean that they will profit from shorting the market either. When the bubble pops is anyone's guess. It could go to $300, or yes even to $1,000, or $10,000. The quicker we go there though, the harder the crash will be. And at this point, Bitcoin can't sustain another crash. People will lose faith in it and the general populace will not adopt it ever if we see another crash like we did in 06.2011. Those who have tons of coins, if they truly believed in the future of a free market, would not attempt to be the bankers of the futures with 10,000 of thousands of bitcoins worth $10,000 each. That's not vision, that's greed. They should seek to keep a stable market. They should spend their bitcoins for goods and services to spread them out. If someone has tens of thousands of coins, they should try to be a market maker and bring stability to the market, not just see how high the price can rise.
9  Other / Beginners & Help / Re: Mine Bytecoin on: April 02, 2013, 09:38:08 PM
Boom! I think I finally got one. It has 4/6 confirmations.
10  Other / Beginners & Help / Re: Mine Bytecoin on: April 02, 2013, 08:20:00 PM
How do we see what the total networks hashpower is?

*EDIT*

Also, why would my Accepted tab show 136 (72)? Does that mean I have a fail rate of almost 50%?

Also, why would I join a mining pool that has 100 MHash when I can do that solo? How is that pool calculating it's hashing power? Because someone said they were pointing their 300/800Mhas/s mining rig to the pool...
11  Other / Beginners & Help / Re: Mine Bytecoin on: April 02, 2013, 07:28:11 PM
Just got another stale block. Do I assume something is wrong at this point? Or just keep going? How many stale blocks is normal?
12  Other / Beginners & Help / Re: Mine Bytecoin on: April 02, 2013, 06:53:01 PM
Got one!

I have no idea what is happening in the background, but I added another core to the process and increased it to 94 MHash/s.

A few Shares later I got an accept letter that popped up, however, now it looks like it says I got 1 stale/invalid...

Does that mean I didn't actually get it or it isn't confirmed?
13  Other / Beginners & Help / Re: Lets make own cryptocoin! on: April 02, 2013, 06:20:16 PM
I wanna join!
But, most important, which name to choose for the coin? xD

Why not CryptoCoins...?
14  Other / Beginners & Help / Re: Mine Bytecoin on: April 02, 2013, 06:04:00 PM
Next Question: How will I know if I successfully mined? My Summary page using GUIMiner says Shares: 1 accepted... but I don't think I got any coins from it...

Also, I tried diablominer, but I couldn't get the program to run. I'm not a complete noob when it comes to computers. I'm proficient at everyday activities, but I'm pretty much a complete noob when it comes to advanced computing and anything having to do with programing. I'm guessing I probably had to compile the program or something like that to get it to work, but who knows. My Comand Prompt kept closing before I could read  the error. Probably had something to do with Java.
15  Other / Beginners & Help / Re: Mine Bytecoin on: April 02, 2013, 05:53:23 PM
I just got my computer set up to mine. It's the technology that fascinates me, so I'm using bytecoin as a way to understand bitcoin as it's definitely not worth even attempting to mine bitcoin.

I'm mining at 682 khash/s with GUIminer

How do I increase this? I have a good computer, I thought. Am I set up wrong? Or does mining require specific GPUs or something? I have an Nvidia GeForce 670 and an i7 processor and tons of memory (for other things I do on the computer), but all I can get is 682 khash/s.

*Edit* I got rid of some of the extra flags that I had put in following the tutorial I was following and it incraeased to 2.7 Mhash/s.

Still seems slow though, right? Most people have more like 800 or something...
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