I am amazed how few people in the US know about bitcoin and even fewer understand it. I work in a very technical field which allows me to travel and I am constantly surveying technical folks of all ages what they think about bitcoin. I would say only about half of the people have even heard about it, of those about 80% of the folks say stay away or "if you can find someone to give you real dollars for bitcoin, do it!"... I've also noticed that bitcoin does get news coverage but it is almost always buried on the major media outlet's sites. Most major headlines are very negative so I can't blame Joe Public for shying away. All in all, we are very early in this game and I'm excited to see opinions sway in favor of bitcoin in future months/years. I personally think there will be an "Aha moment" whether it be a killer app or a market correction where big banks move to bitcoin as a store and the sheep will follow quickly. Just a matter of time but the train is still in the station at this point in time.  Bitcoin is kind of like a powerful new drug. A few people get turned on to it and the rush is so great - easy to use, secure, etc. They try to tell other people about it but they think its too expensive, scam...why should i buy it? Well, either listen to me now or find out for yourself later. Sometimes i feel like rowdy roddy piper in the classic film "THEY LIVE"...you have to beat someone for a long time just to get them to wear the f*ing sunglasses! "i'm here to chew bubblegum and buy bitcoin...and i'm all out of fiat currency." |
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i believe we will go super exponential this year and hit $10,000.
just around the corner...
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$10,000
it will surprise everyone just like $100, $1000 did but it will take strong hands to hold until it gets there. there will be a massive sell off around $3600 then out of nowhere the rocket will go...$7200, $9000, $10,000
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Monero is getting crushed right now, with gains switching to Voot,Cloak,Crypt,BRR.
At least it still has increasing diff/hashrates going for it. Hopefully due for a reversal soon. Not a lot of buys ATM around 0.0004 current (weak) support.
Could definitely use a nice 50 btc buy wall around 0.0003-0.0004 to change the trend.
i hardly think going from 1.75-6 mBTC in a week then stabilizing between 4-5 mBTC is "crushed". this is just the beginning. monero is a coin with promise, not for those who can't hold more than two days without getting nervous. |
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Every year has been around or atleast 10x increase. From watching many charts and counting the average days in between peaks etc, we seem to be off trend.
Is this the start to maybe 5x increase per ATH, some other trend, downturn etc.
Thoughts appreciated.
i suppose this could be another 2012 situation with a slow increase. doesn't matter in the long run, probably good thing if it does happen as it will attract many new buyers. |
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Tough day for XMR.
Bids down to 80 btc / sells to 64k XMR.
Currently at .00475 and downtrending? Could be a chance for some cheap XMR later guys.
Maybe even below 0.004 but I doubt it.
Seems all the other "buzz" coins are attracting attention away (BBR etc).
However if XMR lands a "slam dunk" piece of news I bet it will see big gains.
my guess is the short attention span pumpers have moved on to the new flavor of the day. i'm not selling any XMR and i will buy if it goes lower |
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The font change looks like crap...I'm sure I'll get used to it though.
(Mac OSX)
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XMR is experiencing the hash-rate feedback loop right now. Stability at 0.002 failed because miners stopped selling. Price rose so mining interest rose. Assuming 0.004533 USD/minute for an EC2 C3.8xlarge instance which does 610 hps, 7% orphan rate, 440M difficulty, 16.2 XMR block reward, I see the marginal supply cost of XMR as 0.006, presently, which we are approaching rapidly. 0.02 would be sustainable if the marginal supply cost reached 0.02.
how do you make these calculations? i'm just curious. if this is the case, XMR is a solid buy all the way up to 0.006 |
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Monero is the most interesting altcoin with promise right now
I suppose Litecoin could continue drafting BTC just like NASCAR so I won't doubt if it happens again and LTC stays #2 for another round
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Rpietila, what do you think about short term value of XMR? Can we expect a dump after coin is added to Mintpal?
bullish pennant forming on XMR i suspect next level of resistance will be 7.5 mBTC target - 1 week day edit: monero is #4 and rising on mintpal |
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Scenario:
Mercenaries break into your house and force you to hand over your paper wallets. Easy for them to see how much you have simply by looking at the bitcoin address. From there they only have to torture you to obtain your BIP38 passphrase and sweep the funds.
Solution:
A) Encrypted Public Key. Thieves will have no way of knowing how much BTC is stored at any given address.
B) Encrypted Private Key with two possible outcomes for plausible deniability. One password reveals a small amount of BTC, enough to satisfy your attackers. Another password reveals a different private key where you have stored the majority of your funds. Is this possible?
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yea I'm even more confused with the last page of posts and that is why I will probably be keeping all my coins in/at Coinbase.
if you're going to do that, just make sure to use all the security features coinbase has available to you. also you may want to enable 2 factor authentication on the email address linked to your coinbase account, i recently saw someone on reddit complaining about a hacker getting into their coinbase account after having their email compromised. and of course make sure to use a unique strong password...never use it anywhere else. |
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I don't understand it either, I have 9 coins with coinbase and if it gets hacked robbed natural disaster I lose all my coins like there was never anything there?
Please do yourself a favor and keep your BTC on a paper wallet or some form of cold storage. You will never have to worry about Coinbase being hacked, or your account itself being compromised, or losing your 2FA. Use BIP38 encryption and make sure to remember the password. Store backups of your private keys in multiple redundant locations as a hedge against natural disasters. Always test with a small amount of BTC first until you are confident in sending to paper wallets and importing private keys to your wallet to spend. 1. boot Tails 2. https://bitaddress.org3. go offline 4. print |
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Wat?? I dont get it.
i believe they are talking about the 1 week MACD going green on bitcoinwisdom |
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Wow! Congratulations for holding. Now I wonder when Veronica will return.
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8% of overall net worth in bitcoin seems to be way too conservative for me.
i'm at 95% in BTC right now but i understand that is extreme...i'm aware of the risks.
you should consider upping your BTC holdings to 20-25%
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if suddenly rich:
-find a job you enjoy and go work there
-go back to school and study something new
-start a business
you will get bored and be tempted with too many destructive activities if you have no job and nothing to do during the day.
also, let's say you dump BTC and find yourself sitting in lots of fiat while the price drops...you'll be tempted to buy back more BTC than you originally had. if you have another source of income you can do that without worrying too much about price
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Sorry, bitcoin does solve a problem for the masses! You use bitcoin to easily and securely send money to anyone in the world for very low cost!
Let's examine the competition:
Bank transfer (ACH/wire/SEPA/etc) - 3-4 business days + big fees
Personal check / money orders - mailing time + 3-4 days to clear + small fees (also your mail can be lost by carrier)
Cash - instant + no fee BUT you have to be in the same physical location. or take the risk of losing all by sending cash in mail
Paypal - instant, but expensive fees to receive money (i think like 2-3%). also paypal can freeze your money for whatever reason they want
Western Union / Moneygram - same day transfer + big fees
Bitcoin - instantly received, spendable within 30 minutes to 1 hr. transaction fee of roughly 5 cents
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About $450. I was buying through April and May after being a skeptic. 20% of my coins were under bought $400 by sheer luck.
Right now, I have enough fiat in an exchange to buy 1 more coin and will do it later today. I haven't decided whether to keep buying slowly after that; I already hit my goal for number of coins and adding a few percent more seems trivial.
if you hit your goal - why not buy a little more so you have some BTC to play with when the price goes up? |
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Average Price and coin volume would be interessting.
Don't care about 0.01btc buys.
Trading with pennys is easy, but where are the 10btc+ traders? All bought below 400$ this year or still sitting on the 2010-2013 coins?
What would be the best way of calculating the average price weighted by volume? I'd like to do that. |
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