Ive been following bitcoins for a VERY long time, even have a few. But i must say, there are alot of new coins showing up, and its quite confusing, which ones should you mine/buy, which ones will be there in a year or 2, and which ones die out in the time between. today it seems like its an even bigger gamble, than it was when bitcoin came out. Anyone have any take on this?
I doubt most of them will be around in a year or two. The coins serve their purpose as pump and dumps and that's how you make money off them by getting in early and offloading them as soon as you can. If you want to mine, pick a coin that can be traded for BTC and make your money that way. a year of two? They probably can't survive that long... Of course, we may have a few winners, but the 99% others will be trash... |
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Welcome taberrr  |
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I have been having a chat with my Dad about whether it is worth investing in five or ten bitcoins in the hope that their value may go even higher in the next 2 years. Can you guys give a quick opinion about where you see the value of Bitcoins in 2 years from now. Have they reached their peak or is there still a long way up from here? Your opinions would be appreciated.
I do believe that bitcoin has a bright future and the price will further go up a lot, as more and more merchants (especially those big ones like Overstock and Tigerdirect) are accepting bitcoin. |
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I wrote up an IOS app to allow trading on Mt.Gox via their API.
Apple told me, no trading allowed but I could get the app published if I took that function out.
Is there a point in doing that?
Anyone got any advice?
Thanks.
Just as GAML mentioned, you need to add more functionality to your app, and make it for android. Good luck for your app.  |
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I started out with bitcoin as a hobby. I was curious as to all the hype that surrounded crypto currency. What started out as a hobby though has become an obsession. I found myself reading all I could get my hands on in an effort to better understand exactly what was going on. These days I find that I am no longer a hobbyist of crypto currency. I am actually launching a business and trying to make a living by educating people who want to learn about the next gen of currency and to offer mining services to those who are interested in getting involved with crypto currencies. So what about you? Do you mine for pleasure or profit? are you counting on crypto currency to help you grow your nest egg? Just curious to see what the reaction is. Cheers, Anon-Prime http://www.btcltcrush.comMainly for fun |
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wrt to the card you buy, I can only point you at: https://litecoin.info/Mining_hardware_comparisonThe basic equation you want to use is: Hashrate/buyprice = value. You want this number to be as high as possible. (e.g. a 400 KHash card for $200 = value 2, whereas a 800KHash card for $600 = value 1.333 - the first card probably makes more sense. This doesn't take into account power usage though) Power usage is indeed important, especially if you are expecting to do mining for a long period of time (well, you can stop anytime, and just sell your graphics cards). Don't underestimate the electricity cost when you are mining 24/7. |
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Old ones used to give 1 btc
Sigh..I should have joined the bitcoin world back in those days.  Earn 1mBTC/month from faucets today. Hold it till end of 2015. Each mBTC will cost more than 1000 USD then. Seriously, 1250x for less than 2 years? Though I have full faith in bitcoin, I don't think this will happen lol.  Hmm we can't deny if it can go up from US$1 = 1,309.03 BTC to 1BTC=1,300$ it can sure go to any extent not in one to year but may be in 10years to 50years.. I believe it will go up, but not that much and that fast. |
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Miners or (minters = money minting) are rewarded by default ( 25 BTC today)
so there is no need to set any priority on the inclusion of one's transaction into the next block. Imagine what would happen without any fees whatsoever. Everybody could make as much transactions as they like with as small amounts as they like. That could possibly result in maybe 10, or 100, or 1000, or even higher transactions per second. I think the network, full clients, and storage capacity wouldn't be anywhere near capable of tackling that situation. Hence resulting in the end of Bitcoin. And yet with fees, it doesn't. +1 People can keep sending their bitcoin back and forth with no cost, and the whole network will be clogged. Those "real" transactions can hardly be included in a block then... |
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Once the days are caught up and the wallet isnt behind, your bitcoin will show up in your wallet. Just leave it connected to internet and wait it out Thanks. With my internet speed it looks like it will take 3 or 4 days to synchronizing. is there any alternative? Yes, there are Bitcoin clients which do not require having a local copy of the block chain. This is a potential reduction in security for convenience, which is fine in many situations (small amounts). It's better to wait out a few days and receive a more secure and stable version of the wallet. You can use Armory if you want security and more functionality. You can use Electrum or Multibit if you have limited space and bandwidth. |
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Old ones used to give 1 btc
Sigh..I should have joined the bitcoin world back in those days. Earn 1mBTC/month from faucets today. Hold it till end of 2015. Each mBTC will cost more than 1000 USD then. Seriously, 1250x for less than 2 years? Though I have full faith in bitcoin, I don't think this will happen lol. |
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4: What happens if 2 people create the same brain wallet? Are you expected to check blockchain to see if the account has 0 transactions?
4. Literally impossible. possible. If a few million people create brain wallets that are easy to remember, the chances of two people coming up the same private key is high. If two people create the same key, then they share it and can spend each other's bitcoins. Checking the address won't help if you are the first to send money to it. Read this for more information: https://bitcointalk.org/index.php?topic=323055.0+1 Never use some simple words (such as bitcoin, basketball, Justin Bieber) for your brain wallet, or your bitcoin will be lost in a few seconds.  |
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Hi,
I am new to bitcointalk and I am looking to start helping additional development on-top of the bitcoin/litecoin protocols. This is my goal in the next 3-6 months. What is your goals as a new beginner? And how did you hear about BitcoinTalk originally?
OP, welcome aboard Welcome, my goal is to own more bitcoin. Mine too . But also to spread the word and benefits of Bitcoin. I would love to be able to spend coins on whatever I want as a long term goal, but obviously that's out of my hands. I guess all of us here want to have more bitcoins lol. |
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Because it was (is) the best bitcoin community. |
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Localbitcoins. If you're gonna use Paypal to sell,make sure the other person sends the payment as a gift so that it's not reversible.
Indeed, even if the payment is sent as gift, the buyer is still able to chargeback.... He just need to claim the account was hacked, and the item is digital..... |
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a good choice...
BFL pre-orders can never be good IMHO |
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Still not worth it. With the hardware that the OP is wanting to run, he'd make around $13.50/mo max before any sort of rent/utilities/etc. That's with the current difficulty and exchange rate.
How do you know what hardware OP is using, and get that $13.50/mo?  It seems OP didn't post anything about his hardware or hashrate..... |
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Is there any way I can get them back?
Very very unlikely. Bitcoin transaction is irreversible. Unless you find the hacker, torture him and make him send you back 2 btc, your bitcoin is lost.  Sorry to hear your loss. |
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I would suggest you to just hold bitcoin (and/or litecoin) as well, and forget about other alt-coins. I would hold the bitcoin.
XNF is at most backed by only 1/3 value in gold...which really isn't any form of "backing" that makes sense to me.
If you want to buy gold...buy gold.
Yeah XNF is backed by only 1/3 but who is going to redeem that I mean that would be the last resort. I am not thinking about redeeming it but yes having some backing is like an additional feature If you want to diversify your investment, and put part of your money in gold, it is perfectly fine. But I don't see the point of putting your money in a random new alt-coin at all. |
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I Have discovered that localbitcoins.com is one of the best sites out there you should try it.. +1 for localbitcoins. You don't need to do ID verification, and you can find cash trade near you. |
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