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1  Economy / Speculation / Re: Explaining Merchant Adoption's Effect on Bitcoin's 2014 Price Correction on: September 13, 2014, 11:25:12 PM
merchant adoption is heating up with PayPal!
2  Economy / Speculation / Explaining Merchant Adoption's Effect on Bitcoin's 2014 Price Correction on: September 11, 2014, 05:45:52 PM
I'm wondering everyone's thoughts on how long increased merchant adoption will cause the bitcoin price to fall.

Here's a very well-written article explaining how during 2014, merchant adoption in bitcoin was a major reason the price has been falling all year.

http://cryptonomyreport.com/2014/09/bitcoin-2014-price-correction-explained-merchant-adoption-effect/

But how long will this effect last? The article concludes by explaining how over time, increased merchant adoption will eventually lead to more people getting introduced to bitcoin and will outweigh the negative effects.

I'll post two small snippets below, remember to check out the article and share your thoughts.

Bitcoin 2014 Price Correction Explained

Reason for decline:
Even though the acceptance of bitcoin for payment by these large corporations have helped legitimize this technology, the effect of increased merchant adoption has helped push down the price of bitcoin. The reason increased adoption has contributed to the price decline is simple. People who would’ve continued holding their bitcoins were now able to spend them (which is what they’re mainly supposed to be used for) and the merchants who accepted them, sold them immediately for the cash value. ...

[...]

Long-term positive effect:
As mentioned at the beginning of this article, cryptocurrencies are an extremely difficult concept to grasp. Their decentralized nature means that no single entity is responsible for educating consumers about what bitcoin is. Increased merchant adoption on a massive scale will immensely benefit bitcoin since these corporations will assist in educating the masses. ...
[...]

Full Article:
http://cryptonomyreport.com/2014/09/bitcoin-2014-price-correction-explained-merchant-adoption-effect/
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LOL] LeagueCoin | X11 | PoW + PoS on: June 03, 2014, 12:26:31 AM
just wait for the lanch, but I think the price of ipo is a little high...

Considering there's only 1.5m coins from the 15 day PoW, and block reward starting low with halving twice, I think the price was completely fair. Especially with the tip-bot and and marketplace they're developing.

I can see this coin going much higher.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LOL] LeagueCoin | X11 | PoW + PoS on: June 01, 2014, 04:39:45 AM
League of Legends has 27 million daily players and tipping hasnt been implemented yet?!?  Shocked

If you actually bring tipping to League of Legends and have a marketplace to spend the currency, then I can see LeagueCoin doing very well long term. Just picked up 5 shares and I'm willing to help out. League is the best online game by far.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LOL] LeagueCoin | X11 | PoW + PoS on: June 01, 2014, 03:42:48 AM
1.5 million coins after PoW!!! Soo scarce! Shocked

I'm in!!!  Cheesy

Sending BTC payment shortly Smiley Escrow was a smart call.

Can't wait to see Leaguecoin skyrocket to the moon!!
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LOL] LeagueCoin | X11 | PoW + PoS on: June 01, 2014, 02:44:38 AM
Very cool concept.

A League of Legends tipbot is definitely necessary. I play LoL a lot and know this feature will be very useful.

I can't wait!!

How soon after June 4th will I receive my coins if I invest? Smiley

All IPO coins will be sent to Escrow.ms, and he will distribute them to all IPO investors. We will ask him to finish the distribution ASAP.

I just checked Escrow.ms' trade feedback, wow he is reputable! Good job dev team, very good move.

Definitely won't be missing out on this one!
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LOL] LeagueCoin | X11 | PoW + PoS on: June 01, 2014, 01:56:41 AM
Very cool concept.

A League of Legends tipbot is definitely necessary. I play LoL a lot and know this feature will be very useful.

I can't wait!!

How soon after June 4th will I receive my coins if I invest? Smiley
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ENRG]Energycoin - POS Free IPO! On 5 Exchanges! Join the IPO! on: May 10, 2014, 07:19:11 PM
Posted on FB
9  Alternate cryptocurrencies / Altcoin Discussion / Re: If you, dumb devs, still don't know on: April 30, 2014, 04:07:58 AM

Even though UniversityCoin did crash and burn in their first attempt, people really need to cut them some slack.

We all know the reason there was so much interest in the coin is because they have a solid long-term strategy.

So what if they need to re-launch after 24 hours so they can fix their code? As they even admitted in the thread, it was their first launch, something was bound to go wrong. They pushed the source WAY too early, I don't deny that either, but who cares really... they learned their lesson and took the shit for it that they deserved.

If they follow through with their long-term plans, UVC will be huge.

Only time will tell though, it'll be interesting to see the re-launch.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] (WC) | WhiteCoin | Distribution Stage Begins TODAY! ☯ PoS ☯ exchanges ☯ on: April 19, 2014, 01:10:43 AM
I understand that I'm bad trader  Undecided

Gotta remove emotion and let rationality take over. Look at my sig, there's much meaning in that.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] (WC) | WhiteCoin | Distribution Stage Begins TODAY! ☯ PoS ☯ exchanges ☯ on: April 19, 2014, 01:06:39 AM


We're down almost 200SAT since I posted 5 minutes ago.

Catching a falling knife could result in serious injuries.

Just a heads up, I hate to see bag holders.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] (WC) | WhiteCoin | Distribution Stage Begins TODAY! ☯ PoS ☯ exchanges ☯ on: April 19, 2014, 01:03:22 AM
It's anyones guess. Allow me to put this market in perspective for those who are new.

2 days ago = WC @ 300SAT
Yesterday = WC topped at 1200, dropped to 500
Today = WC topped at 2000SAT, will likely drop below 1000 is my guess.


Anyone else have a prediction?
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] (WC) | WhiteCoin | Distribution Stage Begins TODAY! ☯ PoS ☯ exchanges ☯ on: April 19, 2014, 12:57:21 AM
bull trap stage.. careful guys.

better to sell @ lost then buy @ low price.. than hold it and pray to rise again.

Agreed, the floor might completely fall out over the next few hours it looks like.

BE CAUTIOUS PEOPLE!!!
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] (WC) | WhiteCoin | Distribution Stage Begins TODAY! ☯ PoS ☯ exchanges ☯ on: April 19, 2014, 12:51:10 AM


Guys let's be rational here...

Whitecoin last night was trading between 500-700SAT ... Today it hit a high of 2000SAT and is currently hovering around 1700.

From a logical perspective, WC will likely bottom tonight at 800-1000SAT before continuing to rise.

NOTHING goes up in a straight line. Profit needs to be taken, dumpers need to dump.

That's just my two cents. Smiley
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] (WC) | WhiteCoin | Distribution Stage Begins TODAY! ☯ PoS ☯ exchanges ☯ on: April 18, 2014, 07:04:52 AM
Looks like there's a whitecoin flash crash in effect. Where will this bottom? 500? 400? 300? It's anyones guess Cheesy
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★[ANN]★[GHC] Ghostcoin ☢ Win COD: Ghost! ☢ 4 Exchanges ☢ Fast ☢ POW/POS Hybrid ☢ on: April 02, 2014, 03:58:26 PM
Theme song of Ghostcoin: https://www.youtube.com/watch?v=MWPnDdj2lLo
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MOBI] Mobile Coin ★★★ Launched on: March 18, 2014, 06:11:16 AM
Cool coin! Smiley Can't decide between this and Zeitcoin
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Boomcoin | BMC | Scrypt Cryptocurrency | No Premine | No Instamine on: February 07, 2014, 04:43:17 PM
This should be interesting.
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, energy saving coin with a fast distribution *first merchant on: February 07, 2014, 03:30:07 PM
**** BUYING MINTCOIN ****

Offering 6 satoshis, willing to negotiate. PM me  Smiley
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT] Mintcoin, energy saving coin with a fast distribution on: February 07, 2014, 03:27:20 AM
I have the top bid at 4 satoshis right now if anyone wants to sell. Mining rigs are down Sad
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