You're right, he must be trolling.  Nobody could have misunderstood my comment that badly, so I shouldn't have responded to him as if he was a legitimate poster.

Read this topic, people are still denying that fact.  So it's either a secret to them, or they're covering it up.

Yeah so if the probability was 0, and now it's 3, then that's 3 times more likely (p = 0 x 3 = 3.141592654)

Probability of BTC price over $1000 within 11 months is 2,199,114,855/700,000,000 (which comes out to exactly 3)

IT BEGINS

I use one called bitcoin, it works pretty well so far

Now the price has tripled.  That might still be a good buy, unless those people who were selling at 100 have some relevant information

Can anyone clarify - these ACH shares are a NXT asset introduced at a ratio of 1 coin for 1 NXT; 

So aren't they worth at least 1 NXT?  And they're selling for 100 satoshis?

Problem solved!  PAYCON fulfilling promises before they're even made

Ok, according to that there are 5 million shares. 

On the one hand, I don't usually buy into ICOs, shares, stocks, or other coins that aren't just cryptocurrencies.  I think the value of a cryptocurrency comes from mining, the strength of the network, the coin's utility, and the participation of the users.  A good coin doesn't need something else "backing" it.

But on the other hand, I have seen some things from Altcoin Herald that I liked a lot.  That doesn't necessarily mean that the coin is good even if the website is good, but if I thought it was worth 3000 satoshis 2 months ago then I might see myself buying a little more at 100 satoshis.

Does anyone know if they did a share split or something?  I think it had a relatively scarce supply, but now there are 800,000 of them for sale.

I admit I don't know much about this coin, even though I bought a very small amount back in November.  I sold some, but what I had left entitled me to a small payout of NXT in December.  Apparently it's an investment thing from the news website Altcoin Herald, and they are supposed to do regular payouts.  But I didn't get a payout in January, so I figure that might have something to do with the price crash.  But I haven't been able to find a single topic about it, so I started this one.

I used to do this when I started out, and it worked ok.  I would buy almost every coin on poloniex, maybe .01 worth of each, and then start setting orders.  If the coin goes up 1000%, I already have an open order to sell 10% of what I bought.  Then another 10% if it goes up again.

The reason I did that is because I didn't know much about crypto, so I was trusting that poloniex had chosen some of the better coins.  I did avoid some like BALLS, or ones that were too expensive like SYNC.  So I made a little money that way, but then I started researching, googling, and reading hundreds of pages of information here at bitcointalk.  You can't believe anything that one person says, especially about an altcoin, so you have to keep digging until you get a bigger picture of what's real and what is lies.

So I started selling my coins that seemed to be outright scams - URO, BCN, anything with huge premine or false promises.  

Then I started selling the coins that are just clones or have nothing special to offer.  But I waited until I could sell them for more than I paid.

I still have some of those randomly-bought coins, still waiting for the price to be more than what I paid.  Some of them will probably never get there, and some of them will probably be delisted.  But it will only be .01btc for each coin, while I have already made an overall profit on other coins.

My "buy everything strategy" got me some coins that I am still holding, for example I bought Stellar at 400, 600, and 700, and now it's selling for 1800.  I bought Opal for 899, and now it's over 3000.  I bought some Storj for 4000 and 5000, and now it's over 10,000.  I bought Dnotes at 1400, and now it's 4000.  

But I also bought some Altcoin Herald for 3000, and now it's 100.  (I did sell some for 4900, but I still have some).

So, without being able to see the future, how can we buy more of the good ones and less of the bad ones?  

#1, try not to buy high unless you're really sure the price will never drop again.  If you think a coin is selling for a good price today, then obviously it would be an even better price if it was a little cheaper.  Put in an order for less than market, and wait.  Have patience.  And seriously, don't pay the ask unless you can admit to yourself that you're afraid nobody will fill your bid.  Emotion drives many traders;  they sell because they're scared, and they buy because they're excited.  You want to be the calm person, buying from the scared people and selling to the excited people.

So find a good coin with solid fundamentals, no huge premine, no trillions of coins floating around, with a good name and good reputation.  And then look at the charts - has it been cheaper recently?  Is it on a sharp upward spike that you've already missed out on?  Maybe wait.  Maybe it will keep going higher and maybe it is a good buy anyway, but there are plenty of other coins that are currently cheap that might be better buys today.  

Guaranteed floor of 20.

But 20 of what?  That's the surprise!

Yes but you can't read it. 

But you really wouldn't.  You are miserable now, with all the rich luxury you have, more than most kings had throughout history, so more of the same won't make you happy.  

I'd like to see the return of the Y U No guy, maybe on the Social tab.

And I think the coin logo could be cleaned up a little by removing the little white text "The People's Money" which isn't very clear.

But those are just minor aesthetic changes, nothing major.

It's not just connection speed that will prevent normal people from running Bitcoin;  the best internet service I can get at my house has a 250gb monthly limit.

Also, I'm currently running full nodes on computers with 500GB hard drives.  Is that the message?  "Buy bigger computers and move somewhere that offers better internet service" ?

What kind of wallet will I be able to run, and will it depend on centralized servers?  If we can use a pruned blockchain or some kind of new wallet, could we please have these new wallets before any hard fork?

I understand that some changes may be necessary, but decentralization isn't one of the things that ever needs to be changed.

I'd like to trust Gavin, but he says he's been selling BTC.  That doesn't give me confidence in whatever changes he's planning.

People could lose interest, or the government could suppress usage enough that participation dwindles, miners drop out too fast and the price never recovers, or there could be some flaw in the system and/or a flaw in the general concept that hasn't been recognized yet.  There are probably some ways it could fail, just as the U.S. dollar could fail.  

But if Bitcoin survives, how could it possibly not increase in value?

#1 - the block rewards decrease over time;  each BTC then costs twice as much to mine

#2 - mining competition increases as users increase;  each BTC costs more to mine, because the same hashrate finds less blocks

#3 - as the number of Bitcoin users increase, demand increases and each of the limited number of bitcoins is divided between more people.  There are only 14 million bitcoins right now, so if the price was $1.00 then there wouldn't be enough bitcoins to go around - the entire system could only handle 14 million dollars.  Therefore, the price must be higher.  Right now the system can handle over 3 billion dollars worth of volume (14 million coins X $230).  But if twice as many people buy BTC, and they make twice as many transactions, and Bitcoin needs to represent 6 billion dollars worth of business, then the price of each coin will necessarily double.  And that's still with a pretty small number of people using Bitcoin.  

So if Bitcoin survives and continues to gain new users, the price will continue to increase with no end in sight.

If you could see the future and know when it's a bubble, you could sell all your btc at the high point and then buy back twice as much BTC for the same amount of dollars. 

But that's risky.  It all boils down to whether you think BTC will survive.  If it survives, you can't go wrong buying and holding.  If you don't think it will survive, then you should probably sell it all now.