682
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Bitcoin / Bitcoin Discussion / Re: Regret and depression
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on: February 22, 2015, 09:30:30 PM
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The earliest adopters of Bitcoin had to wait almost 5 years, although many sold before then. It must had been emotional torture, before the 2013 boom, for an early adopter to refrain from spending their coins. After all we had that one guy spent 10,000 Bitcoins on a Pizza. OP would would had seen $10 or $50 Bitcoin aid said to themselves: "this is the peak! Dump!" or wouldn't be able to resist the lure of spending $50K in free money on a new car or a series of vacations. I've read allegations that if Dread Pirates and Charlie Shrem were "hodl", instead of selling early and then getting into illegal activity, that they would had made way more money and they wouldn't be behind bars today. As for people here who are burning alternates - if you had bought BTC in late 2013, at $1250, you since lost ~75%. True a lot of (especially $hitcoin) alternates also went down but many of the better alternates still have many people (initial buyers) who have seen net gains. If I was BTC only, I would have lost 75% of my money and then I would be depressed and wouldn't be here. Problem with Bitcoin can be all these get quick rich kids. Bitcoin, according to Jeffrey Robinson, is only 250,000 users (and many wallets barely contain any sizable amounts) and yet has a capitalization it is already worth more than many companies around the world which have millions and tens of millions of customers.
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687
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Alternate cryptocurrencies / Altcoin Discussion / Re: Why do so many newer coins have such high coin supplies?
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on: February 18, 2015, 09:41:16 PM
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A lot of potential buyers look at price only, the same phenomenon occurs with stocks, so you had something like Bitcoin which was $1200 and that convinced many to not even give bitcoin a try as one bitcoin for many people was more than what they had in disposable funds. There were literally times when people said they were buying Doge, because it was 'cheaper' than Bitcoin, without recognizing the total supply differences!
The reality here is if any alternate takes off then you're in a better positioning persuading people to buy something that is priced at $.50 to $10 than $300 - $1200.
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690
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Alternate cryptocurrencies / Altcoin Discussion / Re: Will An Altcoin Ever Surpass the Value of Bitcoin?
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on: February 15, 2015, 10:16:42 PM
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I love Bitcoin, but it is tainted by an extreme imbalance in the early distribution, so there is room for other currencies to thrive in the future.
That's ponzi 101 - create a huge imbalance in the distribution and walk away rich. Satoshi mined well over a million coins, as did other early adopters, who then mostly refrained from selling and this induced scarcity is what gave Bitcoin its' value. A widely distributed Bitcoin, or a Bitcoin with Doge inflation over 6 years, likely would be nothing today.
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692
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Public message to BTER
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on: February 15, 2015, 09:40:04 PM
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Not a question of safe or technology. A lot of you speculators and such go to the exchanges with the most volume. The catch 22 here is that the exchanges themselves, through buying coins themselves or engaging in fractional reserves, are creating fake volume to attract customers. No such thing as a free lunch in this world and now people are paying for it.
The whole offering a bounty to catch a hacker is very similar to that NXT episode. Of course, being the internet, who would go on the internet and tell a lie? Like a predictable soap opera on the television, BTER will get back the majority of the coins and hike up the fees on customers to pay the rest back but the hacker isn't brought to justice. Strong allegation here but who's to say the hacker isn't BTER themselves looking for a Chinese New Years' bonus?
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693
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Alternate cryptocurrencies / Altcoin Discussion / Re: Will An Altcoin Ever Surpass the Value of Bitcoin?
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on: February 15, 2015, 01:22:05 PM
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Anything with viral adoption. Bitcoin is only 250,000 users after 6 years and there's newer things with millions of users. Before people go on about: "derp derp those things are free", there's hordes of things out there that required spending money and they have more users than BTC (good examples are a lot of paid apps. Slightly different example is Uber, which is some months younger than BTC).
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697
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BTER sunk
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on: February 15, 2015, 11:24:42 AM
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Taunsew is a desperate reddcoin bagholder, a shitcoin that belongs in the trash and washed away long time ago.
It's still up like 1.5x - 2x from when I bought it. and that's despite BTC and almost every alternate going down the drain too.
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698
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BTER sunk
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on: February 15, 2015, 11:22:57 AM
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Bter must hold a large percentage of quite a few popular coins. I hope it does not go the way of mintpal and create major problems for all those coins.
It may end up being the MtGox for alternates. I mentioned a few percentages already, but there's tons others who had 10% to 20% (like Nubits) of their volume on BTER and the amount of the total supply on Bter could be between 1%-5%
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699
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BTER sunk
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on: February 15, 2015, 11:11:32 AM
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So, the only thing china produces is scam after scam and shitty knock-off substandard tools for harbor freight. Got it.
I remember reading on a chat that BTER was starting something where they were paying people to put their coins on their exchange. So you may have a point there, allegation or not. Besides, especially after the NXT hack, it wasn't a place you could trust for storage and the various fees were pretty bad too.
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700
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BTER sunk
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on: February 15, 2015, 11:03:33 AM
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NXT dead?
lol Irony is that I got this from a Bitshares person, when I was defending NXT. Yes NXT is pretty "deaded", if BTER is deaded. Losing 7% of the total coin supply is pretty bad. What's their account number(s)? Or are you just trolling? Account who? It tells you on a persons' trust page who they got it from. I got bombed from Coinhoarder (when he was spamming socks in the anti-NXT threads) and twice by Bluemeanie1 (aka the guy who stole 1 million NXT and somebody alleged that his name was on the public criminal database for murder).
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