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13201  Bitcoin / Bitcoin Discussion / Re: Can someone help me get this clear? on: April 24, 2014, 09:36:34 PM
Probably not (yet) updated correctly, have you reached to CEX support? Don't think they keep those blocks away on purpose to avoid payout.
13202  Alternate cryptocurrencies / Altcoin Discussion / The trade you made that you regret the most. on: April 24, 2014, 09:57:10 AM
I bought 1500LTC at $ 2.2 in 2013 my plan was to hold my Litecoins because they would be atleast $ 20 when MtGox was going to add LTC.
But then suddenly the price rose just over 10% and I sold everything. Few days later Litecoin was rising like never before, $4 then $7 then $10 then $18 all the way up to over $45!!!

For only 10% profit I have missed the chance of making extreme profits... It was horrible to watch, the only thing I was hoping was the price to go down...


So what's yours?
13203  Economy / Trading Discussion / Re: Co-Investors Wanted on: April 21, 2014, 12:00:00 PM

He wants $1,200 to modify his current bitcoin analysis product to analyze and predict multiple altcoins.



You can't predict altcoins, it's like gambling in most cases. A very small % of the altcoins have probably chance of being supported for more than only the first week/month..

In some ways trading stocks is comparable with crypto trading, but that's about it.

Anyway, I wish you good luck with your project Smiley
13204  Economy / Exchanges / Re: ***CEX.IO Cloud mining official page*** on: April 21, 2014, 11:48:31 AM
I understand more how it works this cloudmining service that CEX offer, the longer it takes for Ghash.IO to find a block, the higher the fee is that you have to pay.
Finding a fast block = low fees, of course. But still, 30% average fee is still way too high. It should be max 10%!

2 days mining with nearly 11GHS made me BTC0.001 at CEX. I have sold the GHS as it will drop in price when the next difficulty will be enabled.
13205  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing $100,000/200 bitcoins into my new Crypto on: April 21, 2014, 09:34:13 AM
I am a self taught expert in many fields that believes bitcoin and related cryptography technology is the biggest innovation since the internet. I believe in this technology because it solves widespread issues that amazingly still exist in the world today like long transaction times, banks taking up to 7 days to transfer money. Transaction fees, it's insane the amount you have to pay to use your own money. Central banking the nerve some of these people have that they think they have a say if and when you can access your own money.

$100,000 of my own wealth will be locked into a new crypto that I will create. This Crypto will then be broken up into 100 shares (note: I am considering breaking it up into 1000 shares) that will be distributed to members of the crypto community. The application process to have a chance at receiving a share will be up shortly. All participants can only get one share and I will receive one share. I am an expert in many things but to do with this matter more specifically economics and finance and I believe this crypto could x100 in growth and I would be able to receive back my $100,000 investment if I wished simply by this appreciating in value.

This Crypto will not be doing an IPO of any sorts but simply an initial contribution of $100,000 by me to create a sort of diamond standard. You may have heard litecoin is silver to bitcoins gold, well then this crypto will be diamond to bitcoins gold.

When the application proccess is up you will have to demonstrate any achievements you may have had in the cryptography field, how you would further this crypto and what services you could provide it (get vendors to accept it, run a service that would accept it at the start etc.) by having a strong high number of effective people holding this crypto it would have the backing of one of the best communities in crypto.

What other developer can you say has such faith in their project that they will put in $100,000 of their own money and believe they can get that all back with their projected x100 growth? I'm not saying I would immediately dump at x100 all, to tell the truth it is highly unlikely I will sell this for fiat.

I am already working on the coin and the remaining coding itself will not take that long, on the technical side I would be able to launch this coin very soon. technical details of the coin will be up in do time along with an official announcment. I am however keen to see the interest the crypto community has in this project so leave any thoughts you may have.

LOL! If you're really going to invest 100K of your own money in this project, then prepare yourself for making a huge loss.

100K will be 10K after 5 or 6 months  Cry Cry
13206  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency on: April 20, 2014, 01:20:38 PM
Is primecoin still worth mining on CPU's?

I have about 50 cores (i5's and i7's)


You can give it a try, but for sure 1 GPU is way faster than several CPUs.

I still hold all my XPM from 2013, I think there is a chance that BTC-E will add XMP/USD market. If that is going to happen then the value of XPM will be close to PPC & NMC.
But first you will see a very high peak, that's where you can make the most $$$ the first few hours of trading...  Grin Grin
13207  Economy / Service Discussion / Re: MtGox was a leading exchange! on: April 20, 2014, 08:31:03 AM
Very good point, in most cases it is very easy to get BTC and $ in...

I know only 1 local exchange where that is easy, but as it's local, traffic is low so price is high and amount of available BTC is low. Every other exchange is hard to get your money into as they require all sorts of verifications.

You can get BTC and $ in without problems before verification. But when you try to withdraw your funds, they will force you to walk through the verification process.

I buy BTC from a company in my country, they charge nearly no fee for buying, then I transfer the BTC to exchange and sell them for $
13208  Economy / Service Discussion / Re: MtGox was a leading exchange! on: April 20, 2014, 07:28:54 AM
We don't need a "leading exchange". We need exchanges where all customers can get money and Bitcoins in and out with no delays and no nonsense. All exchanges where assets flow easily in and out will converge on price, because any difference will cause arbitrage transactions to pull them together.

Very good point, in most cases it is very easy to get BTC and $ in, but getting it out easy is a different story. The exchange keeps control over us, which makes it less decentral.

A two way ATM would be awesome, it must be easy to buy and sell BTC without a hassle.

I have seen a review of an ATM where you need to wait so long in order to get your BTC that was horrible, at first the machine have to scan your ID card, then it wants your fingerprints, then a picture of your face, then you have to wait 10 minits for the machine to process everything, also not so decentral....

But there are also good ATMs, where you just scan the QR code, insert the money, and you have the BTC instantly, no ID card required, no fingerprints.... Perfect ATM Grin
13209  Economy / Exchanges / Re: ***CEX.IO Cloud mining official page*** on: April 19, 2014, 09:39:21 PM
cex want 100% fee so they can't start removing GH from accounts and back into their own hands

In my case, on 3 blocks today that were found they charged me more than 100% fee, other blocks made me some satoshi's Smiley

13210  Alternate cryptocurrencies / Altcoin Discussion / Re: Maxcoin: how to make 100,000$ with just 100$ on: April 19, 2014, 08:20:02 PM
Value of Maxcoin now = 0.10$.

Investing 100$ in Maxcoin = 1000 maxcoins.

When Maxcoin value goes to 100$, your investment = 100,000$.


Calculate for yourself what happens when Maxcoin goes to 1000$...


P.S.: this is not about 'if'. It is about 'When'!

But what will happen if Maxcoin one day will be at $ 5500 Huh

Your investment will explode man, you should buy much more......... Grin

13211  Economy / Exchanges / Re: ***CEX.IO Cloud mining official page*** on: April 19, 2014, 08:12:29 PM
Hi,

I am new to cloudmining and wanted to buy 1000GHS at CEX IO, but I bought nearly 11GHS to test if it is something for me.
But I am wondering why are the fees so extremely high!? With 11GHS I get +- 1700 Satoshi's for every found block, but when I see the fees, it make me think......
Some times the fee is very low, like 70 Satoshi's, but I also pay fees that go over 2000 Satoshi, while I only get rewarded with 1700 Satoshi per found block.




https://cex.io/maintenance

Its nearly 30% of mining profit.  Which is crazy high right now.

30% is very high indeed! I'm keeping an eye on this for a few more days, but I think I will not invest more BTC in CEX with such high fees.
A more reasonable fee would be in the range of max 10%

13212  Economy / Service Discussion / MtGox was a leading exchange! on: April 19, 2014, 08:06:20 PM
For a long time MtGox was leading all other exchanges in certain directions. As much as people were hating on MtGox, it still was making or breaking up/downtrends.
Why is it so hard for the market to have a new "leading exchange" at the moment the price is soo unstable that we could have used a strong exchange.
I know bad news from China is making it even harder, but at the moment Bitstamp is probably the only large exchange accessible for customers worldwide.
At the moment Bitstamp is only following what China is doing, so we don't have to expect a lot effort from Bitstamp.

What if Huobi opens its doors for European and American customers, will that make a change for the stability of Bitcoin ?
I think it's not a matter of "if" Huobi will do that, but more "when"
13213  Economy / Exchanges / Re: ***CEX.IO Cloud mining official page*** on: April 19, 2014, 02:44:43 PM
Hi,

I am new to cloudmining and wanted to buy 1000GHS at CEX IO, but I bought nearly 11GHS to test if it is something for me.
But I am wondering why are the fees so extremely high!? With 11GHS I get +- 1700 Satoshi's for every found block, but when I see the fees, it make me think......
Some times the fee is very low, like 70 Satoshi's, but I also pay fees that go over 2000 Satoshi, while I only get rewarded with 1700 Satoshi per found block.


13214  Bitcoin / Bitcoin Discussion / How many Bitcoins are lost and never going to be in circulation ? on: April 18, 2014, 02:15:03 PM
As the title state, how many Bitcoin are lost due to lost backups ?

There are several BTC addresses that contain atleast 40000 Bitcoins. But when you look at when the last transaction was made you can see that it was more than 1 year ago, or even in 2011.
Is that because of some one that lost his Bitcoins? Or just because he/she is trying to hide it from the IRS ? Or perhaps cold storage wallets that belong to large exchanges?

13215  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Datacoin] Datacoin blockchain start announcement (Minor code upd + logo) on: April 09, 2014, 08:35:11 AM
Yeah! Well, maybe I was too quick with my opinion.

I see the potential of this coin, and I'm sure new features will be added in the future that will make it even more interesting.

I hope Cryptsy will add Datacoin very soon that will generate more volume and interest from new people.
At the moment I am trying to scoop up some DTC, but Bter exchange does not have high volume/big traders, so it is very hard to buy big amount for 1 price. No big sell walls, etc.

Price at the moment is quite low, so nice moment to get in before it will hit Cryptsy.






13216  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Datacoin] Datacoin blockchain start announcement (Minor code upd + logo) on: April 08, 2014, 10:25:55 AM
I like the concept of Datacoin, but I think Datacoin should take care of encrypting the data.
My hope is that Datacoin makes it possible to encrypt all data before/while uploading. Otherwise I'm not sure if this is going to work well.

People can already use cloud based storage services that do the same for free.
13217  Alternate cryptocurrencies / Altcoin Discussion / Re: Is ANY coin even Attempting Mass Adoption, Seriously!!!! on: April 06, 2014, 10:56:58 PM
I don't think ANY altcoin will reach the level of mass adoption. Retailers and companies are concentrating on Bitcoin IF they ever going to add it as payment method.

But I have to say that I really like Dogecoin and Quarkcoin. Grin
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