bitstamp and btce 95 and 93. MtGox soon to follow.  |
|
|
|
|
BTCe 96.5
Bitstamp 98.11
MtGox 103.0011
Bitstamp and BTCe lead, MtGox follows!
|
|
|
|
|
I thought Coinsetter isn't a standalone exchange? As I understood it, they're just a trading platform and hedging on other exchanges, like Bitcoinica was.
By the way, when Bitcoinica came up I believe in September 2011 and offered shorting, it only served to strengthen the downtrend's severity, leading to an epic short squeeze from $2.
|
|
|
|
|
Bitstamp and BTCe are already double digit.
The market wills it.
|
|
|
|
Who will be the last one to sell suckers triple digit Bitcoins?  |
|
|
|
|
Gold down, Stocks down, Euro down, Bitcoin down.
Bernanke Bux UP.
|
|
|
|
Double Digit is Destiny. |
|
|
|
|
Do we have any actual lawyer amidst us who can shed some light?
|
|
|
|
You'll be fine. Just don't panic sell before it goes to Gox. People will try to take the price down so they can buy cheap before it goes up again. It WILL go up because of Gox eventually.
Unless MtGox delays further or changes its mind again. |
|
|
|
Haha, that was funny =)
However BF is useless vip club imho. Feds may shutdown them. I see no impact on bitcoin network at all.
They do pay the Bitcoin lead developer's salary. |
|
|
|
No. Beginning of double digits.  |
|
|
|
Double digits are calling. |
|
|
|
|
I'm not speaking as a moderator but a member of this forum, and I've voiced my opinion on Cripple in the past as well. And I don't have anything to do with mining. What exactly do you want?
|
|
|
|
Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies. To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that? It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles. Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-RequestsSeems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides. |
|
|
|
To get back on topic, of course Litecoin on Gox will hammer bitcoin (perception if not also price). If it's not gox it's some other exchange and if it's not ltc it's some other alt. Bitcoiners should have been killing alts from day one. But even so that would only have delayed the inevitable. Eventually somebody with bigger pockets and resources than the average bitcointalker would have come along and done it anyway.
Eventually, some entities deeply invested into Bitcoin will (collude to?) exterminate the Scamcoins via 51% attacks. |
|
|
|
|
Yes, Litecoin is a Scamcoin and it's always been a Scamcoin. It's the penny stock to Bitcoin's blue chip fooling people into thinking the upside is much higher. It's pandering to people who want to be early adopters too.
A different hashing algorithm and 2.5x more "granular" confirmation times change pretty much nothing in the fundamentals, it's only superficial changes. The true value lies within the network effect and the brand awareness.
Ultimately, the market will elect only one proof of work chain the winner because that is the most efficient, and it's looking like it is Bitcoin. There is no silver to Bitcoin.
PS: There is no doubt that there are plenty of Bitcoins to be made on the Scamcoins, but beware that it's all based on the Greater Fool Theory.
PPS: I am saying all this as a Bitcoin bear in the medium term. A Scamcoin fad would actually help my bearish position. See for yourself who the people are that are shilling for their investments.
|
|
|
|
Even S3052 has become a Scamcoin supporter. How disappointing.  Blightcoin certainly won't go to 100 before Bitcoin goes to 2000. |
|
|
|
If Litecoin gets adoption comparable to Bitcoin, it's inevitable that they will compete.
Now let's try to imagine to scenarios:
1) Bitcoin wins. The more people accept a currency, the more people want to accept that currency as well. Bitcoin wins because of that network effect. Litecoin dies. The world moves foward with the new amazing technology, hopefully to become more free and prosperous. Bitcoin continues to appreciate by orders of magnitudes.
2) Litecoin wins. Bitcoin value crashes to 0. But so does value of Litecoin. Why? Because any sane individual sees that a cryptocurrency which was once the only cryptocurrency in the world, which, when other cryptocurrencies emerged, was called "the king of cryptocurrensyes", crashed. And litecoin is not different. Litecoin is nearly a copy of bitcoin. So, it will crash as well. One of greatest inventions of mankind will be wasted, the world will return to old and not so good fiat.
That's basically what Hal Finney said about the consequences of a competing Bitcoin-derived cryptocurrency replacing Bitcoin: https://bitcointalk.org/index.php?topic=10666.msg152988#msg152988True story. Scamcoin supporters are endangering the progress of the whole effort only for their short-sighted greed. |
|
|
|
|
Und weiter? Wie viele gehen lieber dorthin als SR?
Es ist nun einmal ineffizient, 2 prädominante gleiche Systeme zu haben, eines kristallisiert sich immer als Gewinner heraus, und das wird entweder Bitcoin sein oder etwas, das nicht auf POW basiert.
|
|
|
|
|
Show Posts
