I'm also wondering what both of their values are based off, or better yet how real their respective values actually are? They seem to be based solely off of media hype and demand, but I'm not sure.
you can determine what the real value is based on the hashrate/difficulty of a coin. |
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Can't you invest in litecoin, and then trade it in for bitcoins? At least that's what I would've done. Because I believe that altcoins will be growing much faster percentwise during the next months.
LTC/BTC is at high levels, i think 0.02 is fairly valued, greater than 0.03 is exuberant. 0.01, BUY. follow these rules and you will quadruple your money |
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hey its cool to see this thread is still alive!
i fired up Freicoin QT today and found I actually have 1 FRC remaining so I will look into your suggestions.
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take it from someone who has been here for awhile
invest in bitcoin first
ONLY invest in litecoin when its cheap compared to BTC and by that i mean less than 0.02, buying litecoin right now is just silly
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any update on her? this is very interesting. i hope she's doing well.
mr beetcoin i think i'll take an interest in you for necroing this thread jackie was a scammer that spent the donations on satoshidice |
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Hey guys. Some of my thoughts on investing in Bitcoin: You might be tempted to quickly take all your money and pour it into Bitcoin. That might be tempting. But, let me ask you this: Raise your hand if you really understand Bitcoin, how it works on an internal level, and all the risks involved with keeping all or part of your wealth in Bitcoin? I think a lot of you in the room didn’t raise your hand. I didn’t. Therefore, it’s not a great idea to invest all your money all at once in Bitcoin, even if it is going up every single week. Some risks inherent to Bitcoin and other cryptocurrencies: - Like the old-style bank robberies of the wild west, rogue hackers will constantly attempt to steal Bitcoin that is stored on your computer or even on an apparently secure online wallet service. Though these companies will do an amazing job defending against these attacks, the hackers will constantly evolve in a Red Queen cycle that will constantly create a certain inherent risk of being hacked. - Bitcoin can be stored in a secure offline wallet, but this wallet can always be stolen or foolishly lost. Kept in a security deposit box this way, it cannot be invested, except as a currency itself. Currently it is amazing just to have, but that may not always be the case. -Bitcoin can be lost forever if you lose your password, your computer is destroyed or you are outright robbed. You may not be able to insure Bitcoin like you can normal assets, and this money may be lost forever. That being said, you should be buying Bitcoin. Anyone who reads this now is what is called an “early adopter.” In other words, you are in a position to profit from Bitcoin simply because you are alive at the right time and understand the implications of this powerful social currency. Full story here: http://elitebtc.com/Casino/how-do-i-invest-my-money-in-bitcoins-and-how-do-i-get-out/There is no reason to get out I am a more early adopter than you daniel and I regret only this The first time I got out, and the second time I got out. Now I'm all in |
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yeah dat big money prey on you
but u can hold on to the BTC you have and next year it will be worth 10x
trust me, at least 10 x
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2015 2016 2014 any day now cmon!
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im with you man
i just changed my bitcoin-qt to mBTC FINALLY
then i went back and take a look at my biggest transactions and reminisce about how i had that much mBTC at one point in time
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Sell low/ buy high is a common mistake. Wait, we will see a pullback one way or the other.
Unless you just buy and spend immediatelly, but without SR not best idea  op was right to buy back some (50% ?). what are you doing with the other half? i bought back 25% of the BTC i sold. i only buy what i can afford to lose and that's about it for right now. the rest of the money is waiting for another dump before 1000. |
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Thanks for the advice everyone.
I bought some back today. If the price goes up, great. If it drops, I'll buy back the rest.
Am I an idiot? Yes.
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i freaked out and sold a large portion of my coins around $600, suspecting the price would continue to oscillate between $400-700 for a couple weeks... (i know)
do I
A) wait it out hoping for a better price to get back in
B) take a loss and buy back in at $750
C) ??
thanks guys
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masterluc
chodpaba
probably more
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bought as much BTC as i could between sept 2012-april 2013. tripled my BTC holdings by buying LTC during March 2013. then dumped at less than 100 during july 2013.  not too sad because i just bought back in a month later but still... |
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what if a users passcode is not remembered? would there be a way to get into the backup and extract info
no |
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but first send the bitcoins to that randomly generated key? Couldnt someone randomly generate that key and have access to my wallet?
the chances of a random address collision are very very slim. search for it. personally i generate my paper wallets using bitaddress.org on an offline computer booted from a linux live CD but that's just how it was done in 2012. so much easier now, haha. How can you access bitaddress.org on an offline computer? And doesn't bitaddress.org owner then know your private key? i boot tails and access the site, then disable internet connection. then generate new addresses, print and turn off the computer. bitaddress.org does everything in your browser no info given to the site. it is open source so you can be confident others have reviewed the code. |
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but first send the bitcoins to that randomly generated key? Couldnt someone randomly generate that key and have access to my wallet?
the chances of a random address collision are very very slim. search for it. personally i generate my paper wallets using bitaddress.org on an offline computer booted from a linux live CD but that's just how it was done in 2012. so much easier now, haha. |
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I'm 14 and have around .3 BTC which I go from the /r/Jobs4Bitcoins. If you have programming skills that is a good option. I might be willing to pay you if you can do something useful for me. What skills do you have? If you mind sharing, why do you need the money? PM if you want some help getting established in the Bitcoin world. If you have fiat currency (fake money that every insists on using =P) you could also try LocalBitcoins.
You're one lucky kid, unfortunately i don't have any good skills except downloading mods for video games. I am a fast typer as well. Eh that probably doesn't do anything really. Perhaps if you gave your reasons, you might have a chance.
It's kind of stupid but i wanted to buy clothes online with btc cause i'm embarrassed that i have very few clothes. EDIT: Warning: Check out BertSesame's trust rating here. Alt of burgerdistraction. Long time ago buddy, plus the loan i was asking for was stupid. I didn't really pay anyone but i got a negative rating for no reason. lol where can you buy clothes for btc? |
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it is hard to hold when you know it should be worth at least $10,000 but you have to wait several years. i'd like a bitcoin amnesia pill so i can forget ever having bought them
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i'd be wary of dumping huge amounts in a bank but what are ya gonna do...i think under 10k is reasonable
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