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1  Alternate cryptocurrencies / Altcoin Discussion / Litecoin trend reversal on: July 04, 2014, 03:19:07 AM
Will we see a litecoin trend reversal soon? Discuss.
2  Alternate cryptocurrencies / Altcoin Discussion / Within 1 month litecoin will be traded at the world's top bitcoin exchange on: November 24, 2013, 01:57:29 PM
Here is a list of the leading bitcoin exchanges in the world by volume (source:
1. BTCChina - 75832.63 btc 24H volume.
2. Okcoin - 55016.86 btc 24H volume.
3. HuoBi - 42069.31 btc 24H volume.
4. BTC100 - 30284.05 btc 24H volume.
5. BTC-E - 29210.28 btc 24H volume.

As you can see, Okcoin which allows both bitcoin and litecoin trading is currently the number 2 bitcoin exchange in the world by volume, behind BTCChina which allows only bitcoin trading. Okcoin is already the leading litecoin exchange in the world by volume (source:, having recently overtaken BTC-E. I predict within 1 month, Okcoin will also overtake BTCChina and become the leading bitcoin exchange in the world. Investors want to be able to trade BOTH major coins. Exchanges which allow the trading of only bitcoin will gradually be replaced by those that support both. This is simple natural selection at work.
3  Bitcoin / Press / 2013-04-08 Business Spectator - The Bitcoin Bubble on: April 08, 2013, 09:52:50 AM

Most people, if they’ve heard of Bitcoins, dismiss them as a crazy geek thing that has turned into a speculative bubble that will soon crash, so we can go back to forgetting about them again. But actually they are very interesting.

The price could still do anything – it could go to thousands of dollars like the price of a tulip in 1637 – because the amount that can be created, unlike either normal money or gold, is strictly limited to 21 million. At the moment there are about 11 million in circulation, with 25 new ones created every 10 minutes.

As the Federal Reserve and the Bank of Japan roll up their sleeves and get stuck into the Great Reflation, printing billions of dollars and yen every month, the limited supply of Bitcoins is proving very attractive to people who are losing faith in government managed money.


Is it the future of money? Well it seems to work, and it’s no more ephemeral than credit default swaps.

The Bitcoin price actually took off the day after the Cyprus government announced that it was going to impose a levy on all Cypriot bank accounts, including the smallest ones. It seems Spanish bank depositors were especially active buyers of Bitcoins that week, as they tried to find a safe place for their money.

So Bitcoins are both an ingenious and possibly acceptable solution to digital money, as well as being a speculative mania, just as tulips were a beautiful flower as well as being a mania for a short time.

Henry Blodget, the internet stock analyst from the 1990s who founded the US online publication Business Insider, wrote a nice column last week jokingly raising his price target for Bitcoins to $400, as he famously did with Amazon 15 years ago.

The parallel he drew was a telling one: “The odds Bitcoin speculators are looking at are similar to the odds early internet speculators were looking at: The most you can lose is 100 per cent of your bet. The most you can make, meanwhile, is theoretically unlimited. And in some circles, assuming only a limited amount of capital is wagered, those odds are what might be described as a 'good bet'.

"So let the speculation continue!"

4  Economy / Service Discussion / Bitstamp is now the number two exchange on: December 12, 2012, 12:12:35 PM
Just noticed Bitstamp is now the 2nd most popular exchange by 30 day volume, replacing Btc-e which was previously the number 2. I personally haven't used Bitstamp but am pretty curious as to why it is doing so well. Anybody have an explanation? Is Bitstamp's rise mainly due to Bitfloor being hacked and unable to pay back customers?
5  Economy / Currency exchange / Omnicoins Feedback Competition on: December 06, 2012, 03:02:55 AM
After almost 4 months of successful operations in Australia, Omnicoins has decided to hold a competition to encourage some additional feedback from our customers. This feedback is very important to both our reputation, and our plans for the future. So for the remainder of December, any customer leaving feedback for us in our main forum thread will go into the running to win a prize of 7.5 BTC. Over the same time period, any customer leaving feedback for us on our bitcoinfeedback page will go into the running to win a prize of 2.5 BTC.

The rules:
- to enter our 7.5 BTC draw, entrants should leave feedback for us in our main forum thread, which can be found here.
- to enter our 2.5 BTC draw, entrants should leave feedback for us on our bitcoinfeedback page, which can be found here.
- entrants are permitted to put one entry into the 7.5 BTC draw and one entry into the 2.5 BTC draw.
- entrants must have bought bitcoins from us at some point over the last 4 months. Winners will be required to provide us with a valid order ID and one piece of information from the order (date, amount, price etc).  
- feedback can be either positive or negative.
- the competition closes on 31st December, with the winners to be announced on 1st January.
- the winners will be randomly selected as outlined below.

Selecting the winners:
Two randomly generated decimal numbers have been selected prior to the competition start, and are stored in a text string inside the following SHA-256 hash: e98ba4431664f3d450e42ac75ada9fb71814eee11aadacb14efc13e83a261967. The text string includes two numbers: the first being the winning number for the 7.5 BTC draw, and the second being the winning number for the 2.5 BTC draw. The message will be revealed once the competition closes, so entrants can verify the winning numbers. All entrants will be assigned a number (called the feedback number) in the order in which they left feedback. The feedback numbers will be assigned separately for each draw. The feedback numbers will be put through the following formula: feedback number / total number of entries.  For each competition, the calculated value closest to the winning number will win the prize!
Thanks and good luck!
6  Other / Beginners & Help / Free bitcoins for liking Omnicoins on facebook on: October 10, 2012, 08:17:50 AM
We are giving away .0001 bitcoins to every person who likes our facebook page and posts their bitcoin address on our wall.

This offer is valid for a limited time, and can only be claimed once per person.

7  Alternate cryptocurrencies / Altcoin Discussion / All time highest litecoin mining difficulty? on: October 09, 2012, 09:08:20 AM reports that litecoin difficulty is currently at 13.22, and is about to bump up to 13.56. I'm not sure if this is the all time highest litecoin difficulty, but it is the highest I have ever seen it. Is there anybody who has kept records of previous mining difficulty who can confirm whether this will be a new record high? If so, what does it mean for litecoin? Will it force a higher litecoin price, or will it prevent additional bitcoin miners from moving across to litecoin?
8  Other / Meta / Forum Ranks on: September 07, 2012, 01:23:41 PM
How many posts do you need to get each forum rank? I'm sure this info is posted somewhere on the forums, but I have personally never seen it.
9  Other / Beginners & Help / How to Buy Bitcoins in Australia on: August 24, 2012, 09:19:27 AM
Update: this service is now closed. See here for further info:
10  Economy / Marketplace / Omnicoins – Buy Bitcoins, Litecoins and Namecoins in Australia on: August 14, 2012, 08:19:24 AM
Update: this service is now closed. See here for further info:
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