WTS 0.02 BTC for Paypal
Bitstamp price

[collateral]

Rate depends on how trusthworthy you are.
And I will ask for collateral for new users.

> $100 usd by tonight.
> $1 000  by tomorrow.

 

BestCoin
CoinBit
ForumCoin

Someone told me that, but I'm not sure if that's reliable.

Need a dev plox 

So basically after 1 week, someone creates a new coin and the old one is unused, making some money for the first miners?

Higher or lower than the previous one?

When the first device will be received, the owner will mine like crazy, and the supply will increase.
The early one will know that soon, everyone will receive their own one, and want to sell it fast, in order to make some profit (because they invested a lot).
The investors that bet that the price of bitcoins was going to skyrocket to 1000 USD will see that a lot of new bitcoins are being sold, and the demand is the same (or even decreasing, because they will be afraid by those new btc that come way too fast).
Then, more people will have Avalon Asics and want to sell btc, and the investors who wanted to make some profits will probably sell aswell in order to cut their losses.

Is it going to be a crash?

Hello guys,

To me, it seems pretty strange that people actually continues buying btc now...
I understood why they wanted to invest in btc before, after the Chyprus crisis, and all the articles in the media. But now?

I don't get it.


Bitcoin is useless, and will most likely never be used as a currency. I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, which does not even allow me to proceed to a transaction (the fees are higherthan that amount  ). When you compare it with CC or paypal, it seems that they are free to use in comparison! Not to mention the time required to actually proceed to a transaction which can be anything between 1 minute and ... 1 year (or more?).

The only possible reason I see people are buying btc is that they (truly) believe that the price will increase, and want to make more profit. I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits. What makes them believe that the price will rise? Because the amount of bitcoins is limited? Because lost coins can never be recovered? I have no clue.


An other problem is the "mining" part. Soon, the difficulty will increase, CPU and GPU mining will be useless. People will stop mining bitcoins and try LTC or something easy to get... The interest in btc will decrease.


Other issues:
- security. Not a single company was able to provide a "professional" service. Bitcoin-24 has a serious problem ( https://bitcointalk.org/index.php?topic=174600.0 ). Even mtgox was critized for the lags, problems with missing coins, money, delay, and so on ... The hacks are countless (you can see new topics about that every day ...).


I can't see anything positive about btc, and still can't get why people are buying it. Can any captain obvious explains? Thanks.

I have spent a couple of hours with that, got around 2 mB and still can't send the first satoshi to anyone because of mining fees (using http://blockchain.info).
What's the point of free bitcoins websites?