Sell at the all-time high, buy back at 80% of that price is a reasonably safe and effective method that I have use myself, anyways.

You guys pay capital gains taxes in the States? Man that sucks.  For a country that's economic policy is effectively set by Goldman Sachs employees you guys sure get boned. Do you know most major corporations, such as Apple and Starbucks, pay less than 2% tax on their earnings? You guys should do the same (in a fair world).

I think a big story that people haven't been talking about is the secondary Great Alt-Boom that happened a week after the BTC last craziness.

USD for many alt coins didn't follow with BTC boom. Instead the market was more cautious to spent the BTC equivalent for NMC, LTC, NVC etc.

But it's like everyone got on board the alts now. After some hesitation of wondering whether people would really spend 10 or 20 bucks on an LTC, people are spending 10/20 bucks on a LTC.  If you don't buy into this theory, just look at LTC price, it didn't jump with BTC, there was a lot of hesitation. There was week delay or so before the Alt Coin boom.

The last Great Alt Boom was perhaps even more important than this last BTC boom from a trader's perspective, I think.  I don't think anyone knew for sure whether the alts would climb with BTC in proportion to pre-boom prices, or if BTC's meteoric raise would not be matched in the alts.  But ya, they were matched in the alts. That's something surprising and remarkable to me at least.

I'm telling my friends it is a good buy at less than <800.

BTC will go down. But not a massive amount.

But buying anything at the All Time High is a bad idea. Socks, snacks, or Sexcoins, whatever.

I just recommend any new comers to Novacoin, or to alt-coin trading in general, to do at least do 1 hour research into NVC before saying the old tired stuff.

Do you know what my first post about  Novacoin was, 8 months ago?  It was something along the lines of "Is NVC just the newest scam lol, what a joke" -- or something to that effect, check my post record if you don't believe me, maybe it was my 30th post (complete guess).

But you know what? I jumped the gun like many others and accepted the prevailing bad press about Novacoin. This is in part because of all the scam/dumb coins that do exist, which makes people defensive, understandably. Novacoin is not one of those.  I read up on it, Balt himself patiently addressed my own ridicule of the coin back then, and now 8 months later I can say come around 100%. I was wrong in my initial poor judgement NVC, and this changed after learning more about it.  

Just asking people politely to please read the facts (and not so much the press) and make your own judgement if you are new to NVC.  

Also consider the possibility that at least some of the people telling you it is such a bad coin could also just be trying to keep the price down for themselves.

edit: here's the link to my own post. Just want to show how much I came around from my initial impression to my sincere liking of the design of this coin:

https://bitcointalk.org/index.php?topic=171438.msg1783254#msg1783254

I hope I'm not annonying but sorry: called it.

Just try to look at the writing on the wall (this is from someone scammed a few times before).  This is a delay tactic.  Are you guys not ******** pissed that this over 1.5 million and Ukyo can't deem it worthy enough of his time to even spend 20 seconds saying what is going on?

It looks like we got scammed. But let's not get jerked around further, for another month, with complete bullshit like "Oh an update just might come tomorrow if you are lucky! Just hang on, hang on. Yup, can't say what the problem is. You know, it's really unclear. Something odd happened can't put my finger on it. You send your millions of USD in and it just like disappeared somewhere, going to check the backroom hang on, update in 8 4 oh no 10 more days, just can't seem to put my finger on what happened! "

Whoever has more than 10 btc or what not should set a deadline. Like in the next 48hrs. Once passed with no update, bring your recovery to the next stage. Thanks shitfanleaks for not being gullible enough to buy this waiting-for-maybe-an-update-tomorrow waste of time.

I can't fathom what all Ukyo's indecision or difficulty at defining what the situation even is.  And boy, it sure is difficult to spend 8 seconds to explain it. But that's okay, it's only $1.5+ million dollars, no big deal  


edit: as a thought experiment, ask a friend -- preferably someone who doesn't know about bitcoin -- for their advice. Tell them the whole situation here, but exchange 'bitcoins' for 'gold bars' / 'hats' / 'jars of jam' or anything else to not confuse them.  See what they say. Many of you guys are in denial, the writing is on the wall here.  

CEX is good. I used it. The put a good service together and they are honest so far.

You can't really hold it against them that the price of GH naturally falls like a rock and you lost money on your investment. LOL try buying a psychical miner. At least you GH will be worth something in 3 months.  For example the asicminer cube i'm getting (for 1 btc) I've projected that after 3  / 3.5 months it's primary use to me will be as a space heater for my apartment.

I had some spare btc so I bought 35 gh/s during the boom.  The price has gone up since then, I bought in around .079.  You'll never have the price of your investment go up in physical hardware (unless you figure on selling it over-priced on ebay or something somewhat dubious).

Where you going for sarcasm here ? I'd be surprised if it was by pure accident or not any knowing better that each point you made is incorrect.

1)NVC has a market cap of over $11 million now.
2) NVC has a normal volume traded considering it is a savings-encouraging coin.
3) There is demand for it. If you think the owner of BTC-E is buying his own NVC at increasingly higher rates to increase the price, well, your gonna need some sort of evidence beyond just your idle speculation.  Are you also ignoring that NVC is traded on 6 exchanges? Sure most of the volume is on BTC-E, but do you think Vircurex and Crypsty are in this Novacoin conspiracy?
4) NVC is an innovative mix of scrypt/pos/pow. It is one of the older, more original alt's. NVC has itself been copied hasn't it, into Bitbar (don't quote me on that).  
4) Premined coins were destroyed. 95% is wildly inaccurate.
5) I've been mining NVC for many months with my remaining 2 gpu's I kept and bought a couple dozen NVC when it was 3.50.  Am I a fool?  
6) You can not seriously suppose that 'scammers' are doing all the trading with themselves, driving the prices, that is silly. And hey sure may even a big pump and dump right now going from 5 to 20. But people trade coins in the open market and the market is liking NvC, and that is why it is at the price it is, simple as that.

Sorry guys,  guess I shouldn't feed the trolls....

I hear that. I'm still can not fathom the highs and strength on the usd/btc market recently. I would not have guessed we'd be so close to 1000 at this point in time even when I was being optimistic, even though I'm a long-term bull.

Novacoin has some good fundamentals. I thought it was much undervalued last week. It always traditionally was around 0.02 or at least more than LTC so glad to see it come back to it's position.  Though ya, the spike and height it has reached from the recent boom is certainly surprising.  I was guessing more along the lines of 10-15$ but hey, the market wants lots of Novacoins.

Honestly less surprised to see NVC at over 15$ than I am at seeing NMC selling for 7 bucks. Pretty nuts stuff.

Ya I agree Lophie, you are right.  

Just saying that people should start with any funds recovery option they want to pursue immediately. Ukyo owes probably over 1.5 million, that is A *LOT* of money, it's been more than month, many red flags have gone up, and he is not even 'returning the phone calls' anymore, so to speak.  

Personally I have only have about 1 btc lost to WeExchange, which is enough for me to get pissed off about, but not enough for me to Aussie-land and try to sort this out.  I don't think a legal case would be a good use of time as Ukyo might have spent all our money already anyways but for those of you who do have more on the line, if you are thinking of doing it, you should get the ball rolling the sooner the better. At least if the suit is filed we might find out what happened and any of Ukyo's personal profits from this mess, whatever they may be, will be seized. Which isn't as good as getting our money back but it is something.  

I'm going to bet we don't hear any significant updates today or tomorrow as Ukyo says.  We've been strung along for over 45 days (for some), what's a few more days? Right?

Does this come with a manual?  (Not joking )   Or Canary, could you please link to any/the FAQ/instructions if/when they are available, thank you.

2 questions for anyone

1) Is it feasible that Ukyo could be working on this problem for more than 40 days without success? If you know bitcoind well then pipe up.

2) Has anyone at all successfully made a withdraw in the last 2 weeks?

...when should we move past the denial stage is what I'm really wondering. If it is a technical problem Ukyo should at least get some trusted 3rd party verification of this.  

I'd say anyone would be lucky to below for below $425, $450,going forward.  With China now buying as much it' does, its not like the Gox days...I don't think the crashes' lows will be that low anymore.

Thanks . Didn't know about CureCoin and that legitimately looks like a good new coin.

Someone believable and somewhat scary. As far as I can gather business is done in China more on a "how much power do you wield, and how much do you know" basis much more than a "let's follow our legal guidelines" method of doing things.

Though that being said there is more than a couple of things getting shipped out of China daily (lol) and I can't imagine many customs guys know what Bitcoin miners are, though who knows, maybe if it's the same dude who processes all of FC's stuff then ya, feasible Mr Wang in shipping could 'know what's up'.

This is what happens:

During a bubble and post bubble everyone and his mom is pro-bitcoin bull.

Wait until the summer and the price is steady, or dropping slowly, around the $500 mark and then you'll have a quarter of the forum saying how bitcoin is all going to end and there is no way it's "ever going to go back up to $900, it's done" .

Selling at 600 isn't that bad at all !

I sold most of mine around 230 I think it was, didn't see this bubble happening. 

Be happy you got out at 600, it's been 500-550 so hey it's easy to get make in and you made 10%+ profit.

How long is too long to wait? Maybe we should set a date.  I think some people who are the waiting the longest, have been waiting upwards of 40 days.

How long is too long? 45 days, 50 days?

Could it really take 2 months to fix a technical problem? Again I am not familiar with bitcoind but I never had a technical problem than took me more than a week to work out. I don't think Ukyo is a scammer. But I do hope that his help he found can sort this out, this is really ridiculous, even if/when he gives everyone's money back who will ever want to work with him again.