So 1 in 250 in a Western City (not US, I think the count there is a lot higher).
I doubt, this would mean Bitcoin is already mainstream with 1% of population using it |
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Not only that, but sometimes people hide hacks in new alt coins. Linux can save you from that (most of the time).
This Im worried as well, this is why I dont install any of the alt coin client |
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As it just touched $550 this could turn out to be the biggest crash in Bitcoin history.
How many people agree? State your reason below.
Its going up, we saw bottom, I bought with remaining USD at exchange now so hopefully Im right |
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Bottom has been reached at $600 !! Get ur wallets out now and start making ur purchases while BTC still under $700 !!  Your right the price is manipulated by big player, great opportunity to buy now and show nice profit next week |
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Is there anyone else who thinks Colossus coin will "spike" in price after it is in the Pow (proof-of-work) stage? It must only be a matter of time - I hope this coin can grow to become a contending altcoin.
I doubt, never heard about Colossus and probably it is the last time I hear about Colossus Alt coin fans should use Alternate cryptocurrencies section |
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If all Crypto Currencies are fairly similar and Bitcoin gets too high in price, won't people just trade it in for the lower priced ones? It seems like more stores will accept the lower priced currencies too. I'm just trying to get a grasp on things and to see what other advantages bitcoin has - besides being first in the market. Merchant support, most secure. Other alt coins have high risk of dying and few died already, so dont keep alt coins for too long |
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Actually, I take it back, in my last transaction, I didn't pay a fee which I saw that as weird.
Maybe they do pay the fee for their customers.
I think of Coinbase as one of the more secure online wallets for btc.
Blockchain.info is the most secure, since the Blockchain.info doesn't hold your private keys. Well either way, it's best not to use a online wallet when you are handling large amounts of Bitcoins since it's not worth the risk. For large amounts of Bitcoins use paper wallets or armory offline. Keep only small amounts of Bitcoins for everyday use at hot wallets like Blockchain.info, but Bitcoin client on your comp would be better |
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Spray (can) your BTC Addy all over town and on city hall, you might get lucky, even might end up on the news.
The fines if caught would cost you more than you get from the donations I guess. |
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Is there software out there that can link the computers together to mine as a team so to speak? Is this even possible or would I be better off just setting up the mining software and have them work independently.
I believe much easier would be set up the mining software and have them work independently. Make sure you have owner acknowledgment to use for this because the comp will use more electricity and the CPU fans will be quite noisy... |
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Would you buy some mining equipment, buy a share in a mining coop, or buy coins?
Definitively not share in a mining coop, you wont mine as much Bitcoins as you pay for the share in a mining coop (you can buy the shares only with Bitcoins) If you buy the mining equipment with USD, you might be in profit depending of the price. Use mining calculators to find out |
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4) Threaten people that all their cash will be worthless in the future ie they will lose most of their wealth if they don't invest.
This is true, if you hold more cash than you need, this cash simply loose value over time. Buy gold or land instead if you dont believe in Bitcoin  |
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no, but I wouldn't put all my savings in a bank neither Why not? There's no cost to having it in the bank as long as you meet the minimum monthly required balance Any money loose value over time. Bank might give you percent or more interest yearly, but the inflation of money is always higher |
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I don't even consider prices on Bitstamp to "count".
If you are using Bitstamp you are already behind.
I wonder what Exchange counts then  Tell us, the most reliable exchange is: |
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Im sure given the attention Bitcoin got lately, it is much more likely to rise big than stay under $1000
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An example vanity address is my old vanity address which I am phasing out and no longer using:
1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ
You see them all over the place. It is an address that was generated to have a human readable portion. The main issue is that it gets reused by definition.
What if you generate a lot of vanity address starting with 1 BurtW and use every just once. You will cheat the no reuse address rule, because everytime different address, but you loose privacy anyway |
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Also people have probably figured out a way to arbitrage, which evens out the prices among the exchanges.
This. Arbitrage is slow process because the money moves very slowly, but when many doing it, prices evens out among the exchanges. |
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I can see that you can now use Bitcoins to pay for various things, including food, property and even a ride on a Virgin Galactic spaceship, but why would I want to actually spend coins when the value has increased by 30,000% over the last 2 years? Perhaps I don't yet fully understand all the benefits, but holding on to coins (or working to increase the amount you own) seems far more sensible at the moment.
Because it is not guaranteed the value will increase over the next 2 years. No one know future |
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I actually don't believe it will go up that fast or even stay at a level this high. Where is the reason for a climb like this? The only one I can see is speculation by traders, which will result in a crash.
Obviously price can not go up only forever, so some crash has to come. But long Bitcoin trend is upward I hope |
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If you woke up today with no memory of ever having bought your N bitcoins, but with 600*N more USD in your bank account, would you buy N bitcoins?
I would buy, but not all N bitcoins. I always put only small part of money for risky operations like Bitcoin |
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