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1) BTC is shortable and has a legitimate futures market. It's nuts if you can't hedge your positions.
2) A marketcap of at least 10 Billion
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OP: The hedge funds are already in BTC and looks like they will end up owning it. Based in the marketcap and volume now, it won't be long before they get control. They will take the price to a place much higher than your entry price. I wouldn't be surprised if it happens within 90 days.
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Has anything fundamentally changed with Bitcoin in the past 72 hours? The last time I checked, MTGox was signing up 20,000+ people a day, and our biggest problem was that people can't get coins fast enough.
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We won't be a real market until we can short at have a legitimate futures market. This will allow investors to hedge their positions and provide stability.
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OP: how did you find this? Someone posted it on another forum I follow. Sorry, but this is so big, I'm suspicious. I don't see how this could be faked. Any ideas? |
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OP: You are not alone in being frustrated, but you should look at this as an opportunity. I bet 80% of people just give up. It's also why we see huge swings in BTC prices.
Suck it up and wire your funds into Gox. You can always wire it back. By the time all this becomes easy, the price will be a magnitude higher.
As far as security, setup two-factor authentication, and send your savings coins to a paper wallet.
I've also had luck with coinbase.com, but I've heard recently that they often run out of coins.
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OP: how did you find this? |
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Spacegoat-- May I ask your age, origin, and any personal demographic indicators you wish to share? It's for posterity.
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Better spend it before it generates worthless unspendable stake coins.  I have a big cache of it right now, still waiting to see how high it goes before I dump it. Coins generated from stake are unspendable? Transaction fees are 0.01 per kb, but in many cases (small sums of PPC) the stake generated per block is many magnitudes less than this quantity. These micro quantities of PPC pile up over time, bloating your input transactions when you try to spend them and resulting in more fees to spend the inputs than the inputs are collectively worth. So, if your amount of stake coins is too small, you get dust? What amount is too small? Incorrect. |
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Branding (especially when it comes to creating trust) is huge deal. The concept of litecoin being bitcoin's silver was genius. PPC is so much more innovative, it would be great to see that originality transfer over to the marketing side. It may just be that Sunny is doing everything and could use a little help.
I personally feel that rolling out the next version with an updated website and name is a huge opportunity. Peercoin is a nice name because it seems to convey Sunny's original concept. You could also use the same logo.
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There is also no way to hedge large positions. When a true options market develops, the big funds will move in. I do think we are starting to see some small private funds move in however.
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It's clear that bitcoin derives value from utility. None of the coins provide clear advantages in terms of utility accept maybe the proof-of-stake coins.... and even that is untested in scale. This conversation belongs in alt coins.
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Luke Jr. is the co-creator of ppc and a liar about litecoin. PPC was premined and is centralized. I know we are all crazy about all things crypto right now, but buyer beware.
Just ignore this (no matter how insulting it is). PPC's different approach seems to have this Litecoiner worried. And yet you didn't contradict my statement with any "facts" or what you believe are facts. Just a statement. Wow, nice deflection. I'm not the one making accusations. Show us the facts to support your claim that PPC was co-created by Luke Jr. and that PPC had a pre-mine. Well Litecoiner? |
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Luke Jr. is the co-creator of ppc and a liar about litecoin. PPC was premined and is centralized. I know we are all crazy about all things crypto right now, but buyer beware.
Just ignore this (no matter how insulting it is). PPC's different approach seems to have this Litecoiner worried. |
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btcchina.com seems to be picking up momentum.
Also, BTC is $144.55 vs. $121 here.
arb opp?
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The only coin that offer more utility is PPC. It will become more obvious as transaction fees rise.
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move the litecoin pumps to alt coin plz
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I think this thread is worth reviving.  @OP: Feeling good now? Yes I am! It only took a little over 2 months.
Told you there is no need to call for manipulation, the market will come to appreciate the qualities of Bitcoin in its due time. Curious to see that this time is coming rather sooner than later...
Despite recent price spike and all the 'bubble talk' notwithstanding, I happen to think that this asset is still grossly under-appreciated. USD 1 billion 'market cap' is within a valuation range of 3rd tier technology companies such as Netgear, Evernote or Liquidity Services. And this is only if you consider BTC a 'non-traditional startup', mostly valuable for the talent of people working for it and its partners network. Which is only a small part of the story, Bitcoin's desruptive nature, its potential to revolutionize or make obsolete a whole set of industries not even starting to be reflected here.
The people calling it a bubble, especially top of the bubble... well, I hope they can live with being ridiculed for this very call for the rest of their lives.
Manipulation is a nebulous concept when it comes to bitcoin. I definitely think many of the weak hands have sold to the heavier hands. We've had a lot of volume. How many heavy hands ran the market, it is hard to say. I actually still have most of my coin and will do so unless something fundamentally changes. I came to the realization that fiat currencies derive trust from government backing, and bitcoin derives trust from utility and scarcity. Utility and scarcity are much more powerful as a currency facilitator, so bitcoin might actually have a chance. I agree with your marketcap comments. $10B would be a good starting place for a bludgeoning currency. Maybe some hedgies can get us to $10B in six months. |
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