I've done my DD. I see people buying and selling and posting TA and charts and shit. I get it ... they are probably trying to get as many coins as possible. However, Is there any doubt that bitcoin will be worth over 5k 3 years from now? Just for some perspective... I bought my first 5 coins for just over a grand each. I DCA'd all the way down ... to $418. I'm selling my 66% of my silver collection to buy more, and just took out a 40k loan to buy even more. I'm 39 Years old.. and have been investing all my adult life boglehead style. How can this not get to 5k+ besides SHA256 being cracked?
If you bought for a quick profit or not knowing the volatility you didn't do enough due diligence before investing, it is weird that you snapped like that and panic if you were investing boglehead style I would suggest having a position that is bearable for you; it was a tough few months for someone going all-in at the very peak in Nov/Dec; you are probably doing OK with a price @ 610$ if you bought regularly and evenly all the way down |
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They added the tracker just a few days ago. They are still uploading all the data. And also, we should remember that no Bitcoin exchange has existed for more than 2 years duration continuously (has BTC-E completed two years?).
They do have the info to create the 1year graph, I think the problem with the 5year graph is a glitch |
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20,651 average BTC wagered per day previous (June 20, 2013 - Feb 17,2014)
2,386 average BTC wagered per day last 4 months (Feb 18, 2014 - Jun 17, 2014)
In the last 120 days the total amount wagered is 18.43% of the amount wagered in a single day on Sep 29,2013. Expected return for investors (considering that it will stay as the last months) is going so low that I'm thinking about divesting. I really love Dooglus' idea, but I don't get why the website isn't advertised much more (to players, of course, he doesn't need nor want more money invested). So am I correct in understanding that if it was your website you would favor raising the max profit back to 1% in order to attract someone like Nakowa again (or Nakowa himself). You would like the possibility of cashing in big as an investor vs another big loss. Yes, of course, as 1% still isn't risky for investors, while we could encourage more betting. If I take the statistic of 2386BTC wagered/day it gives an expected return of 18.67%/year A player loosing 500BTC and nice profits brought thousands more in the bankroll Hopefully for investors, big whales will come or players will divest, players will divest if a whale will big when it is actually a better time to invest more because the whale may come back to play and the bankroll is lower |
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Im not defending them but from my experience i can say that sometimes things just go the wrong way. I lost 16 rolls in a row, with a 87% win chance...
Its gambling.
He never did that, he just just exaggerating to make a point. I could be wrong but unless I see pictures and even logs then it probably didn't happen. Maybe he had 87% chance of winning at least one roll out of 16 if he was playing with odds >50% of winning He is frustrated and think he got sc.ammed; playing online casino is very dangerous you can get robb.ed or sc.ammed but saying you were sc.ammed because you lost isn't fair and he should delete his thread |
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Or is the unit newton-tesla-hashes per volt ampere^2 seconds, which requires a scale-multimeter-ASIC-miner device?
I know who were Newton and Tesla and Volta and Ampère, but who was that Hash guy? What will be the last post of this thread? |
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I meant the graph shows we'll go into a gradual rise from now all the way until January 2015. a long "gowth" (spurt?) is unprecedented in Bitcoin history I think.
Just because it hasn't happened in the past can't be used as an excuse to say that it can't ever happen in the future.  A gradual shift is taking place in the Bitcoin sector. Institutional investors are hoarding more and more coins, while the individual holders are unloading their stash. Where do you get this information or why do you have this impression? Some individual horders are buying cheap coins to increase their holdings |
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I asked wetsuit before on here, months ago, if anybody had ever hit 10,000 in Free Roll or 8888 in the multiplier. I don't think he ever responded, but I would still be interested to know. I like low-chance wins, like when you see somebody on just-dice hitting under 5 at 5% chance and winning big.
Honestly, I do not know how many have hit the big number because I do not keep a record of rolls to keep the database load low. At 500 million rolls, keeping record of each would increase overhead by a lot. @snarlpill : you can check the biggest jackpot@overall winners on http://freebitco.in/?op=stats |
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Hello,
From Expedia said that they will only accept BTC for the offers for Hotels . Also they will hold BTC for up to 24 Hours and then exchange it to USD. This is a big step, but they are still scared of the investment and dont want to hold BTC for the moment. May be it will be better if they hold for more time. BTW can I book with BTC for offers for hotels from my country ( I am from Bulgaria)? Are they putting higher price then the original?
BR
Yes only for hotels booking right now Another day, another company accepting bitcoin in an attempt to cash in on the craze. This time it’s Expedia the travel booking site that’s accepting the virtual currency for hotel bookings. They’re working directly with Coinbase to accept and then convert the BTC into dollars as soon as they hit the travel agent’s coffers.
“While they haven’t officially announced anything aside from hotels, Expedia does plan to eventually expand bitcoin payments to its other lines of business including flights, activities, car rentals, etc as well,” wrote an Expedia spokesperson. “The biggest question is really just around when – and the timing all depends on how well it goes with hotels to start.”
Where did you see they wait for 24h before exchanging them to cash? |
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How much do you guys use to trade?
I'd say a professional trader is someone whose main source of income is trading but you're not much of a serious professional trader at less than 70/80BTC of bankroll, what do you guys think?
During the peak of my trading before I started pulling out due to the volume decline, I was making 500BTC trades. Nowadays I barely trade at all and don't even want to keep coins/funds on an exchange. When your trade or have open orders you have money tied down with the exchanges You can keep the money you have on the exchanges to a minimum but it is a risk anyway |
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BTW is JD affiliated with SwC?
There is a Seals affiliate link in a banner ad at the top of JD. I like SwC. But no. On your site it looks like a lot of really small bets come in. Are those bots or is it actual people betting? I watched for about 10 mins and only saw a couple reasonable sized bets. I think its partly bot and partly actual people, most people use bot to automate betting at small amounts. And some other people want to do it manually. JD would benefit from having an auto betting system Theoretically, yes. But it would only create spams from users betting dust. You don't see bet of 1BTC every minute but big gamblers are on JD on a daily basis, extreme martingale players and whales play on JD Dust betting bring more revenue than it cost in band switch so it is profitable Yes, it would induce more dust bet, slowing the server down. Most big players wouldn't want to use the auto bet. You can get more band switch, more bets, more fun for players and more profit for the casino owner and investors |
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21 million bitcoins FOREVER!Satoshi recognized that 21 million currency units are not enough for a global currency. His solution was to support eight decimal places on amounts, which also allows the reward halving process to continue for about 140 years. Internally the Bitcoin software recognizes 2,100 million million currency units (now known as satoshis) but they are divided by 100 million before presentation to users. So the block reward is currently 2,500 million satoshis or 25 bitcoins. Bitcoin units were fine for the first few years, but during the last 12 months the question keeps arising "Is another unit best for common usage?" Inertia of existing systemsAll modern fiat currencies have a major currency unit which has 100 minor units: e.g. $1 = 100 cents. Everyone is used to this system from childhood. Many people are not comfortable with scientific notation or with small decimals such as 0.001234 which will be seen more and more often as the unit value of 1 bitcoin rises. Most people are happier dealing with 100,000 than 0.00001 Further, 99.99% of the world's financial and accounting systems do not support more than 2 decimal places on currencies, let alone as many as eight. It is arguable that Bitcoin has a very real handicap upon its growth by disregarding modern conventions in currencies. Enter the "bit"1 bitcoin = 1,000,000 bits
1 bit = 100 satoshisUser 101111 on reddit recommended this mock-up wallet. The current Bitcoin Core wallet does allow the selection of millibitcoins and microbitcoins but not with such a user friendly presentation, and not by default. Is it time to consider using "bits" as standard? All balances become 1 million times larger, the block reward as 25 million bits, the exchange rate as 0.04 cents to a bit, a cup of coffee as 7000 bits instead of 0.007 BTC Is this an improvement? If the bitcoin value increases into the thousands of dollars which unit is easiest to use for pricing goods and services?  I will repeat what I said earlier on this post. Satoshi or BIT is the only microbit. The world financial accounting system is irrelevant!!!. Have we forgotten that bitcoin is INFINITELY DIVISIBLE??? Sad thing is unfortunately the Dev's took it upon themselves to implement this Idea into the Bitcoin core QT. The bit is a SATOSHI and a satoshi is the micro!! Not this completely irrational idea to cut out the last two decimal places...My bad, you look to capitalize on the ignorance of the user. The satoshi is the micro or bit. Warning anyone spending bitcoins under these conditions are shorting themselves 100 satoshis for every one bit spent. (Your coffee will cost you 238 satoshis or 2.38 bits) It's a rip-off and as far as I'm concerned, those who promote it are scoundrels. Also, anyone who likes making appearances in public about bitcoin are scoundrels!! HODL until the satoshi is the unit in which we transact with. Fuck the rest. So says Satoshi!!! P.S. Satoshi also created Litecoin and Namecoin. Anonymity is key Quite a statement you made there; it looks like you feel strongly about using bitcoins, bits, microbits, microbitcoins or satoshis! I like the idea of talking in bits (=1BTC/1,000,000) or satoshis, I think it will come naturally though |
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This may in fact be good,
but the trust is not there,
so I can only see just can not participate directly
Why did you bump this old dead ponzi thread? He probably didn't see that the thread was old Ponzi are quite bad, at least this one advertise itself as such |
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I think everyone has started accepting it since it's come down in price, right? I wonder what would happen if Bitcoin went down to like $100/BTC?
And how did you come to this conclusion? Price has nothing to do with merchants accepting bitcoin. Currently most merchants that accept btc as payment, just immediately cash them out to fiat so price does not matter. More merchants accepting bitcoins mean more merchants believing Bitcoin is useful, used and will be used more so it is a good sign Also, more merchants accepting bitcoins mean there are more ways to spend your bitcoins so having bitcoins is more useful thus more valuable |
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They follow the money and see what he did with it. If he'd mixed it at SR for example, that would be good because it could've been lost. They say he dissipated the assets. They say, you are in contempt until you come up with $X. In short: She whores around. She gets to get f&$@ed by some other guy,, he gets to get f$&@ed all over again by her in court. in all seriousness -
how could they?
i like his plan.
What if he just said "I developed a gaming addiction and lost it all on a cryptocurrency gambling website" Which in reality is completely possible and unproveable in the courts eyes seeing as none of the crypto gambling sites are registered with a government authority. Does this mean any married man who loses significant portion of his assets could go to jail for life for not being able to prove the means of which he lost it? Would be surprised if this was the case TBH. If you cannot prove it and the judge is doubtful it will not stand in court The rules of evidence are very strange in divorce court. The person with the economic disadvantage almost always has an advantage in court Of course and it is why you need a pre-nup or to be the one with the economic disadvantage If written properly and executed properly a prenup can be very valuable. Most prenups have clauses that say the spouse that is "worse" off will get something in the event of a divorce. It is all about knowing what you are signing for and agreeing with it If you want to give half in case of divorce it's all good; time, effort and sacrifices need to be rewarded and it needs to be negotiated before hand I agree, but a prenup is generally not a free lunch. The other party would likely not sign the pre nup if they received nothing. The worse off is likely to apply emotional blackmail to get a better deal : "we shouldn't plan on divorcing so we shouldn't sign a prenup" is a classic sentence of someone thinking about getting a better deal in case things go wrong |
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Si le rendement est inférieur au taux d'inflation réel (je ne parle pas du taux officiel) tu perds de l'argent
La masse monétaire augmente et ils te remboursent la même somme nominale mais tu peux acheter moins de choses avec
t'as pas bien compris ... le bitcoin prends la valeur par rapport à la FIAT. la FIAT augmente mécaniquement (par la planche) et donc bitcoin aussi (puisqu'il augmente "au combien" moins vite que la planche ...). Quand la masse monétaire de fiat augmente tous les prix n'augmentent pas, l'inflation est l'augmentation de la masse monétaire et l'augmentation des prix en est la conséquence; le Bitcoin prendra de la valeur avec le temps, il n'augmente pas que de l'inflation réelle Je parlais du livret A soit disant sécuritaire : si celui qui l'assure n'est pas solvable et peut changer les rêgles ce n'est pas sécuritaire, comme le système de retraite |
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How much do you guys use to trade?
I'd say a professional trader is someone whose main source of income is trading but you're not much of a serious professional trader at less than 70/80BTC of bankroll, what do you guys think?
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You're fat, you're so fat you're going to crack, like you logic
I'd say it's because of people like you that this thread isn't as popular as the questions' one.  So true, funny how it seems, always in time, but never in line for dreams. Head over heals when toe to toe. This is the sound of my soul. This is the sound... Statement that rimes are truer than others |
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So incredibly smooth. It cannot be  The time interval is 3 months. That's why the graph is so smooth. If you take the time interval as one day or on week, then the graph will be much more rugged and uneven. Anyway... this is better, as we can plot the prices for long duration. I meant the graph shows we'll go into a gradual rise from now all the way until January 2015. a long "gowth" (spurt?) is unprecedented in Bitcoin history I think. The time interval being 3months it doesn't mean there won't be any weeks or even months where it goes down |
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Glad you guys all enjoyed! Until next time  Looking forward to it . Stunna u are still using wrong signature for ur rank , u WONT get paid for ur posts man .  . Fix that . Haha good catch BTW Stunna is a Hero soon, time flies!! |
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