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1  Bitcoin / Bitcoin Discussion / Re: Some greedy inviduals might have just blown our chance for MAINSTREAM adoption. on: February 14, 2014, 08:34:04 PM
I'm sure many on here can guess who those individuals are....

Standard Bank of South Africa is currently looking to integrate bitcoin into their banking network. Its the greatest news for the bitcoin community but i'm afraid someone have just blown that chance up. This wild swing market full of pigs will scare the executives away when they're evaluating bitcoin.

I was hoping our community would have seen a bigger picture and not be manipulated so easily.

Eventually somebody will.
2  Bitcoin / Bitcoin Discussion / Re: Saying hello, and have a few questions on: February 14, 2014, 07:55:29 PM
I spent it all on pizza long ago:  https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH4

3-4 years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza.  I mean people can say I'm stupid, but it was a great deal at the time.  I don't think anyone could have known it would take off like this. Smiley

Laszlo



Definitely not stupid. Part of a history and you could not have predicted that its going to gain such a value. Besides that such an amount would spoil you :-)
What is hilarious you just asked 4 years ago to get some BTC and someone throw at you 10 BTC :-) Now people would be killing for less
3  Bitcoin / Bitcoin Discussion / Re: Should the foundation apologize to GOX?! on: February 12, 2014, 04:56:54 PM
Yep, I am coming out of the closet, just bought 40 more from 528 - 540 Wink  I will just buy, buy and buy.  That does not include cash I have with them as well.  Hehehe.  These dooms day sayers kill me everytime.

How do you think I have 6000 coins.  I do not do this for fun my friend.  I understand risk and this will be another example of where that has come in valuable.

Wesand: you have over 5000 coins in gox??
You can not be sane keeping cca 5M USD on an exchange known to have issues for a long time unless it is just a splash in your overall wealth. Those coins are only yours if it sits on your paper wallet with encrypted private key with a solid password. Even if there is 5% or 10% probability that you will lose your coins due to Mt.Gox why the heck would you risk it? 5M USD is enough for several people´s lifetime to spend. You should have withdrawn the money and enjoyed your life.
4  Bitcoin / Bitcoin Discussion / Re: Can I buy bitcoins on margin? on: February 11, 2014, 11:42:41 PM
 Grin Go for it 1:100 is a minimum so you can make 10000% when BTC makes 100%. (Or rather lose everything in few minutes).
There is some margin trading on btc-e.com, it was sth like 2 or 3:1.... Wonder how those people trading with that leverage there felt while fat finger flash crash happened.
Stupid idea really as you can lose more than you actually have on your account. Actually every person who was buying on btc-e with any leverage had to be stopped out as market fell 85% losing everything maybe owning something to btc-e.com as a market maker and other side of the trade.
I do not know how many people trade there on margin but I do realize now that the crash could have been caused directly by btc-e as it will be profitable as hell closing all those margin longs..
5  Bitcoin / Bitcoin Discussion / Re: I'll go out on a limb - I have more coins in Gox than I care to admit ;) on: February 11, 2014, 01:51:36 PM

i pulled out a significant amount of btc after they denied my verification.

all of my docs were in order, and have been accepted everywhere else.

i knew it was because they wanted to delay having another person who wanted to cash out.


meanwhile - they still have my private information.

 
I hope they will not start selling private information to others.
6  Bitcoin / Bitcoin Discussion / Re: JOE ROGAN PODCAST ON BITCOIN !! MADE MEME FOR IT! on: January 29, 2014, 06:15:19 AM
Watched this today.

Andreas is the most intelligent speaker on bitcoin potential and benefits ive so far heard. Pity we cant get him on any of the new york hearings.

The guys a god!!

exactly, after hearing him with Joe Rogan he is the best advocate for bitcoin. Great explanations
7  Economy / Services / Re: Earn up to 0.4BTC/month just by posting! - Advertise for PrimeDice.com! on: December 21, 2013, 01:17:57 PM
Payment amount has been lowered decently due to extremely high demand, sorry for any inconvenience.
Less than half the previous amount plus BTC dip. Not promoting for nearly free - $0.12 per post. You would have to pay much more if you have bought an add here. Let indian work on your promotion. You will be left only with spammers trying to make 70 post a day with only few words in it getting ignored. And who know what your other changes will be. I am out
8  Other / Beginners & Help / Re: BTC China Endgame??? on: December 21, 2013, 11:50:09 AM
Hello All,

I'm sure a few others might be in the same situation, but I'm looking for some serious thoughts about my current position.

I live and work in China and bought Bitcoins through BTC China in October. On the way down I sold my coins.  I sent a few back to Coinbase on the last huge sell-off and arbed the market. In the process I cashed out my initial investment with a nice little profit.

I currently have a nice chunk of fiat sitting on the BTC China exchange and I believe there is no way the government will allow any further funding from banks or 3rd parties to the exchanges, so my question is this:

What do you guys think will happen with the BTC China exchange?

My speculation:

When current BTC China users realize the market is not coming back in China many more will withdraw CNY from the exchange, the price will collapse to new lows as users get out of BTC and back into CNY.  Bitcoin becomes extremely cheap compared to other exchanges.  At this point I buy all I can and transfer out.

Please give me your thoughts on this scenario.

Thanks



Seems reasonable for me. You are not going to be the only one to speculate on that. But for someone as you who can lose nothing, waiting for cheap coins is a great strategy if nothing changes and china will not allow CNY deposits.
9  Bitcoin / Mining speculation / Re: Mining with CEX.IO or why do I not believe skeptics on: December 21, 2013, 11:16:20 AM
So basically if you buy lets say 10 GH from their website you are renting their mining equipment and you are getting same amount of BTC like you would if you bought 10 GH asic and mine for yourself minus fees?? So if you manage to sell your GHS at the same price you bought you have rented those hashes for free. In real life you would not be able to sell your $10K USD asic right away for $10K USD

But in real life $10K would buy you a heck of a lot more than 10 GHS.
Now I see the problem, Currently you can buy 600 GHs from butterfly labs for $4680 and you have to pay electricity cost. Same 600 GHs will cost around $8500 through cex.io - not a great deal, but I can imagine when next batch of asic miners will be shipped and GHS/BTC will fall that for few months this could be profitable
10  Bitcoin / Bitcoin Discussion / Re: Overstock.com excepting bitcoin on: December 21, 2013, 11:08:29 AM
That's great news, I wonder why it's taking them so long to get it implemented?
5M unique visitors per day, devoting 5-6 person, risks considerations aso, it takes some time in a big company which has quite a lot to lose if sth does not work out
11  Other / Beginners & Help / Re: How much bitcoin do you own? on: December 21, 2013, 08:39:01 AM
Ill bought 35 BTC on 07.2013 there it was some days about 80$... Ill sold them all on like 100$ ... Why i dont have save them.. Would be today more then 20.000$ Cheesy ...


I hear you! I sold just under 11,000LTC for under $2.00each in October  Cry
Ouch, I can hear your pain, I sold my 1000 LTC for 4$ 1 hour before the breakout after holding for 5 months, but your story is worse. Still $22K not bad.
12  Other / Beginners & Help / Re: How much bitcoin do you own? on: December 21, 2013, 08:36:54 AM
Used to have 212.3 until someone stole my laptop  Sad.
Leason learned. You should be using cold storage for such an amount and if you want to have some to spend you should have created hot wallet with lets say 2 BTC on blockchain.info and put 210 BTC on paper where no one can steal your notebook or your private keys
13  Bitcoin / Mining / Re: Has anyone ever reached 1pt/s mining/ on: December 20, 2013, 10:37:46 PM
1 peta or more? If so wonder how many they're mining a day.
Whole network is around 8.5 Petahash and ghash.io is 30% so they are at 2.55 Petahashes
14  Bitcoin / Mining speculation / Re: Mining with CEX.IO or why do I not believe skeptics on: December 20, 2013, 10:34:46 PM
So basically if you buy lets say 10 GH from their website you are renting their mining equipment and you are getting same amount of BTC like you would if you bought 10 GH asic and mine for yourself minus fees?? So if you manage to sell your GHS at the same price you bought you have rented those hashes for free. In real life you would not be able to sell your $10K USD asic right away for $10K USD
15  Bitcoin / Bitcoin Discussion / Re: I received this strange message via mail. on: December 20, 2013, 07:32:48 PM
Quote
Hi Marc,

I still can't import the private key and I have 51.973444 BTC. I see the balance on blockchain.info but something is corrupt with my bitcoinqt client and I cannot transfer the BTC.

Here is a zip attached with my wallet.dat, and the password. ************ Can you please transfer the BTC to the following address : ************************** ?

Thanks alot you save my life !

My name is surely not Marc.
Question is this... is this a new form of scam/virus related on bitcoin?
The link brings to a zipped file called walletBTC.zip
And why in the world I would send them to him? I'm like... keep them for myself, right?
Should I try to open it in a safe zone aka linux machine and be curious like a cat to know what the hell he sent to me or should I simply delete the email and let it go forever like it never happened?
 Roll Eyes

He forgot to add that he is from Nigeria. Nope there is no free lunch. Delete it.
16  Economy / Trading Discussion / Re: Bitcoin Shark Tank on: December 20, 2013, 06:51:51 PM
Hello sharks, my name is Mark Karpeles and I am seeking an investment for .... :-)
17  Economy / Trading Discussion / Re: bter.com losing deposits - anyone else experiencing this? on: December 20, 2013, 06:46:13 PM
I have a problem with bter losing my deposits. So far 5 out of 15 have not been credited to my account, although they appear on the network with multiple confirmations.

I thought that this was an issue specific to my account or perhaps the coin, but it seems someone else is having the same problem:

https://bitcointalk.org/index.php?topic=367372.0

I'm posting here as it will probably be more visible, and I'm not accusing them of scamming, so... is anyone else experiencing this issue too?

I've had to resort to splitting my deposits to minimise loss, because I know that sooner or later one is going to go missing. Sure enough, for the amount I split into two deposits about an hour ago, only one deposit was credited; the other showed briefly as "Processing" then just dropped off as if it had never been seen.

Support has not replied to my multiple emails about this. I'm assuming they've been deluged with requests from n00bs like every other exchange recently. I would, however, like this problem fixed.
It is almost time to create functional decentralized p2p exchange. Almost every other exchange is having similiar problem. Cold storage FTW
18  Other / Beginners & Help / Re: Good news!the first of many larger merchant/retailers to jump on board in 2014? on: December 20, 2013, 05:34:47 PM
Good news!

http://business.time.com/2013/12/20/online-retailer-will-accept-bitcoin/

Who do we see next I wonder, any ideas? and who would be the best of all of the potential companies/industries to get on board?



Openstock.com has around 5M unique visitors a day. There is still long way to go, but I am feeling good about this.
19  Other / Beginners & Help / Re: Will Bitcoin reach $ 3,333,333.00 in 2034 ? on: December 20, 2013, 03:53:19 PM
Hi there,

I accidentally stumbled upon this site: http://bitcoin-valuation.org/fair-value-bitcoin-28823/

That guy thinks Bitcoin will rise to over $ 3 million some day, and that today's fair value is over $ 38,000.  Shocked

Any ideas from anyone here in this forum in what respect he is right and in what respect he is wrong?

BUT: If he is right, please don't tell anyone except me!!!  Cheesy

Thanks, bigbits.
It can be whatever people want it to be. So either infinity or zero. So many things can go wrong and so many things can go right.
20  Other / Beginners & Help / Re: 2000$ to invest, right now? on: December 20, 2013, 03:51:07 PM
Hi! I have opportunity to buy Bitcoin miner Butterfly Labs SC 60GH for about 2000$, do you guys think this is good investment right now?
It's better to mine before march 2014 or wait til new stuff will be available to buy? OR just buy BTC? I am little fresh for this topic but digging knowledge right now?
What is your opinion?
Do not go with buterffly labs, use search function to find out more. If you want to mine, go for scrypt altcoins and mine the most profitable ones selling them right away for BTC http://www.coinwarz.com/cryptocurrency. Or the best solution is to buy either BTC, or LTC - this should be the safest bet or slightly more safe putting it into NMC, XPM, PPC or curecoin
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