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1  Other / Beginners & Help / Re: Somebody tried to break through the 19 barrier, but couldn't on: June 16, 2011, 08:56:16 PM
Oooh! Now he did it, the wall is broken! 18.5
The 19 can still be a psychological support-line.
2  Other / Beginners & Help / Re: Somebody tried to break through the 19 barrier, but couldn't on: June 16, 2011, 07:42:59 PM
yeah this is becoming boring, I demand more action  Roll Eyes
Its the same with almost every other currency at the moment. EUR/USD is not very volatile neither is USD/CHF and USD/JPY..
3  Other / Beginners & Help / Re: Too late to start mining? on: June 16, 2011, 07:42:12 PM
Yes, it's too late to start mining unless
...

People have been saying this for months now.  Yes, it's getting harder and harder to generate blocks of bitcoins, but being that bitcoins are by nature deflationary, the value should be going up as well. 
Theoretically it should increase in value indeed. But last increase in difficulty it didnt increase so you cant just blindly rely on that.
4  Other / Beginners & Help / Re: Somebody tried to break through the 19 barrier, but couldn't on: June 16, 2011, 07:38:54 PM
As you can see, the sellers force is still greater than the buyers force. Maybe it will break through.

The MACD, Stochastics and RSI give a signal to buy though.
5  Other / Politics & Society / Re: "Give me control of a nation's money and I care not who makes it's laws." on: June 14, 2011, 09:51:11 PM
Haha, they shouted the same things at the Octoberrevolution  Grin

I am getting scared, I am a Kulak!
6  Bitcoin / Bitcoin Discussion / Re: Name the Whale Contest - MetaCo.in promotion (Win 1.5 BTC) on: June 14, 2011, 09:16:24 PM
Darling, the Fabulous.
Oh lol, didnt notice you had the same idea  Grin
7  Bitcoin / Bitcoin Discussion / Re: Name the Whale Contest - MetaCo.in promotion (Win 1.5 BTC) on: June 14, 2011, 08:01:38 PM
Savale
8  Other / Beginners & Help / Re: How many BTCs have been generated so far? on: June 14, 2011, 06:34:11 PM
Just as hyperinflationary as paying people in pennies.
Yes, I meaned that indeed.
9  Other / Beginners & Help / Re: How many BTCs have been generated so far? on: June 14, 2011, 05:26:05 PM
At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made.
How do you mean ''that ever will be made''?

This means that there will only ever be 21,000,000 bit coins on the market.  This is how Bitcoin will stay rare and not just "print" itself into worthlessness. 
So if the 21mil BTC are produced, the mining is over?
No, we still need to mine, because that's how transactions are recorded and verified. If there becomes so little btc in existance, we can move the decimal place, so 0.1btc = 1btc.
..having the same hyperinflation-effects if you just ''printed'' more coins?
10  Bitcoin / Bitcoin Discussion / Re: Name the Whale Contest - MetaCo.in promotion (Win 1.5 BTC) on: June 14, 2011, 04:52:27 PM
Moby Bit, the whale of bitcoins (cheesy  Grin )
Joe, the average whale
Darling
11  Bitcoin / Bitcoin Discussion / Re: Bubble Burst in the nearby future? on: June 14, 2011, 04:49:14 PM
So you guys, amateurs or ''experts'', think it would be profitable to invest a rig?
12  Bitcoin / Bitcoin Discussion / Re: Bubble Burst in the nearby future? on: June 14, 2011, 12:51:52 PM
Yes, and according to Minsky, that is one sign of a coming recession.

Extra question by the way:

How long do you think the Bitcoin-market will last?


Sorry for all the questions, I am just curious and I am yet too take a decision whether I will invest in a mining rig or not.
13  Bitcoin / Bitcoin Discussion / Re: Bubble Burst in the nearby future? on: June 14, 2011, 12:33:32 PM
My amateur opinion is that to ask that question, you first have to ask whether bitcoin prices is even experiencing a bubble.

Then you can ask about it bursting.

I believe it is.
14  Bitcoin / Bitcoin Discussion / Re: Bubble Burst in the nearby future? on: June 14, 2011, 12:25:02 PM
How is the exchange USD-BTC going down a recession?
According to Minsky, not yet but It will be.
15  Bitcoin / Bitcoin Discussion / Bubble Burst in the nearby future? on: June 14, 2011, 12:14:02 PM
http://www.notesbit.com/index.php/finance/economy/stages-of-recession-economy-hyman-minsky%E2%80%99s-seven-bubble-stages/

According to the Minsky stages of recession you could say that we are at stage 4 with the bitcoin, aren't we?


You can see that the market accelerates, do you think the bubble will burst? If yes, when? Will you think the Bitcoin will make a comeback after the possible recession?


Give me your expert or amateur's opinion.


I personally don't know the answers to my questions, thats why I ask them you.
16  Other / Beginners & Help / Re: How many BTCs have been generated so far? on: June 14, 2011, 11:24:25 AM
At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made.
How do you mean ''that ever will be made''?

This means that there will only ever be 21,000,000 bit coins on the market.  This is how Bitcoin will stay rare and not just "print" itself into worthlessness. 
So if the 21mil BTC are produced, the mining is over?
17  Other / Beginners & Help / Re: How many BTCs have been generated so far? on: June 14, 2011, 07:28:19 AM
I know for a fact that about 200 BTC has been lost... A few friends of mine started mining back when mining was REALLY good. And well one, lets call him JOE, reformatted and reinstalled his computer, forgetting to backup his wallet. Then the other friend, lets call him BOB, had to leave for military training. Well BOB asked JOE to house-sit for him. BOB told JOE that he had backed up everything and that JOE was free to reformat/reinstall his computer. Well BOB didn't backup either. JOE had something like 70 BTC and BOB had around 140 BTC. So I wonder how much of that 6.534 mil. has been lost?!?
Like, maybe, 10k btc is my guess.
18  Other / CPU/GPU Bitcoin mining hardware / Re: [How to] start mining bitcoins! on: June 14, 2011, 06:53:32 AM
The site is under maintenance or something:

http://webcache.googleusercontent.com/search?q=cache:Q3l1F6CsPBsJ:www.xtremesystems.org/forums/showthread.php%3F271701-How-to-fund-your-cruncher-s-utility-bill-OR-how-to-make-money-using-bitcoin+http://www.xtremesystems.org/forums/showthread.php%3F271701-How-to-fund-your-cruncher-s-utility-bill-OR-how-to-make-money-using-bitcoin&cd=1&hl=nl&ct=clnk&gl=nl&source=www.google.nl


You can see it here also, if you wanna see it now and not in 2 hours.
19  Other / Beginners & Help / Re: How many BTCs have been generated so far? on: June 14, 2011, 06:49:23 AM
At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made.
How do you mean ''that ever will be made''?
20  Other / Beginners & Help / Re: Eelectrity: How much do you need to pay per KW/H on: June 14, 2011, 12:20:13 AM
0.2225 per kWh in germany. (roughly 0.15 USD)

Could have been much cheaper with nucular power (0.08 at least), but i opted for green electricity and on top i do pay an additional 0.0125 per kWh to support development of solar/water/wind power plants even further. Makes it a little bit hard to get profits out of bitcoin, but i'm not going to support a third tschernobyl/fukushima. Smiley

edit: fixed decimal points
I dont think German nuclear energy plants are as bad operated and secured as Chernobyl and Germany isn't in an earthquake-sensitive enviroment so the reactors won't harm much.


If I took gray-electricity (not green) it would also cost me around 8-10 eurocents.
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