321
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Economy / Speculation / Re: Old Trend vs New Trend vs Unsustainable Bubble ??? + "6 Step Pattern Analysis"
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on: October 31, 2013, 12:04:26 PM
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... we should expect the trend line go up after each boom [boom-burst events , fundamentals are affected by awareness]. ... new trend line would be parallel to the old line (0.46% a day), but above it, on 4x distance. So in one year time we can expect 300*(200/55) ~ 1100 USD.
Agree fundamentally. Oda explains the background: ... boundaries: Barring catastrophic news, the "old trend" will mark the lower bound, while the upper bound is probably marked by what you call the "new trend", barring extremely *good* news re: adoption and awareness. (keep in mind, while the *relative* increase, roughly one order of magnitude, has many precedents in btc history, the *absolute* amount of money needed to enter the market increases -- it's not imossible that this will happen, but it will require some particularly good news, like a large enough online retailer accepting btc, or something like that)
In the world there is a fundamental trend for increasing acceptance of Bitcoin which is a strong supporter for the the lower bound (0.46% a day). But on top every boom burst event shifts or lifts the trendline upwards.
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324
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Bitcoin / Bitcoin Discussion / Re: Wallet Security
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on: October 30, 2013, 04:39:51 PM
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This discussion is not new. In my opinion most of the analysis is going too far. Clearly a virus or malware infected system is bad anyways and a special danger for wallets. So first thing before one starts to handle with Bitcoin wallets is to clean the system or use Linux with a dedicated user account - suggested software and procedure for Windows: - Superantispyware - Avast Antivirus - SpyBot - CCleaner - strict firewall settings - manual inspection of the process list in the task manager - analyse any small peace of software with www.virustotal.com before installation - AdBlock and BetterPrivacy add ons for the browser; turn off 3rd party cookies - for paranoids turn off Javascript and Java and do not visit any suspicious sites When all that done (it has to be done frequently and regulary at best every day) install any wallet software with password protection and strong key encryption (eg. AES256) like Bitcoin-QT. Turn on the password with a secure password ( http://bit.ly/19SE2n9) - at least 13 characters out of a set of 120. Be careful with the password not to write it down anywhere accessable. Then Bitcoin addresses may be created. After each new address the wallet.dat must be backed up somewhere eg. cloud, email, memory stick, CD, etc. - at least in two independent locations. When that is done not too much should happen. If someone is really paranoid he can use https://www.bitaddress.org on a not connected and clean device to create a paper wallet as cold storage and transfer his Bitcoins there. I would not recommend brain wallets - some kind of backup has to be done which would be equal to paper wallets from a security perspective. Finally I recommend using more than one wallet (not address) if the Bitcoin amount or value gets bigger - if accidently one wallet is lost or cracked at least the rest will be preserved.
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325
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Local / Deutsch (German) / Re: Top 16 Bitcoin Merchants
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on: October 30, 2013, 12:51:57 AM
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Ja, das besorgt mich auch, die allgemeine Nutzlosigkeit (also außer jetzt zum Scammen) von Bitcoins. Die sind halt als Zahlungsmittel überall nutzlos.
Es gibt nichts, was man mit Bitcoins machen könnte, außer aufessen. Schade!
Genau - guck mal zB. auf all4btc.com Ausserdem sind BTC schon dann wertvoll, wenn es nur ausreichend viele Leute glauben. Mittlerweile gibt es aber Dienste mit denen man Elektronics, Flüge, und eigentlich alles kaufen kann. Nur 'aufessen' kann man sie mit sicherheit nicht.
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326
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Bitcoin / Bitcoin Discussion / Re: New site:Bitcoin address top100
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on: October 27, 2013, 05:19:10 PM
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There is a new top entry: Bitcoin address top100
Current as of 2013-10-26 Rank Bitcoin address Balance 1 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH 144336.40010000 ... 100 17WDnhUq5YtQcMsMCbtHYiis6PzzJNcXuL 9202.97910000 Can nr.1 be the FBI catch ?
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328
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Economy / Speculation / Re: When will October's bubble burst?
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on: October 26, 2013, 04:50:31 PM
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There are groups of people trying to spook the market. They sell in increments of btc and someone else buys it up, then it spooks the rest of the market into selling more. Like a snowball running down a hill. Then that person uses this cash to buy up the btc at a far lower price. They are doing to this to make significant profit fast.
Not sure if the market is big enough for that. Finally it works only if the snowball starts rolling else they just loose money. And the Bitcoin seems to be quite stabil even after news like Silkroad shutdown.
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330
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Local / Deutsch (German) / Re: Schweizer Abgeordeter beantragt Bitcoinverbot
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on: October 24, 2013, 09:34:18 PM
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Vergesst die Schweizer. Die leben in ihrer Alpenfestung, wie die Hühner auf der Stange und leiden unter Paranoia, dass ihr vom Ausland abhängiger Wohlstand wegfällt - berechtigt.
Würde trotzdem erstmal zu einem (kleinen) Preiscrash führen... was ich nicht mögen würde. Dann deklarieren wir die Bitcoins einfach um, indem wir aus dem Wallet Bitcoin-QT die Schweizer Variante Hollywood-QT machen, dass dann den Typ Medienplayer hat und statt Coins eben 'Film'e enthält. In Folge streiten wir ab, dass es sich um ein Tauschmittel handelt und beanspruchen für jeden einzelnen 'Film' ein Urheberrecht. Somit ist das herunterladen und weitergeben für den privaten Gebrauch wieder legal.
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331
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Local / Deutsch (German) / Re: Schweizer Abgeordeter beantragt Bitcoinverbot
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on: October 24, 2013, 09:04:44 PM
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Vergesst die Schweizer. Die leben in ihrer Alpenfestung, wie die Hühner auf der Stange und leiden unter Paranoia, dass ihr vom Ausland abhängiger Wohlstand wegfällt - berechtigt. Sollte die Schweiz tatsächlich ein formelles Bitcoin-Verbot erlassen, wäre das ein Schnitt ins eigene Fleisch, weil sie sich von weiten Teilen der Welt abkapseln würden. Ausserdem weiss man seit dem Vebot gewisser Filesharing-Technologien und Dienste, wie ineffektiv das ist. Nicht ausgeschlossen ist auch, dass nach dem Generalangriff durch die Finanzbehörden und Banken, der Schließung von Konten, der Verbreitung falscher Informationen über Bitcoin und der Schliessung von gewissen Marktplätzen, nun nach einer neuen "legalen" Strategie gesucht wird, ein juristisch so schwer fassbares Tauschmittel anzugreifen. Meine Voraussage: Zwecklos - der Point Of No Return ist bereits überschritten und die Schweiz gehört mit Sicherheit zu den Ländern, die für Bitcoins am wenigsten wichtig sind. Übrigens ist interessant zu sehen, wie man in der Schweiz mit Rechtsgütern umgeht. Das Urheberrecht erlaubt nämlich dort den Konsum von Medien übers internet zum privaten Gebrauch. Genauso ist die einmalige Weitergabe einer Kopie von Medien erlaubt: Pirateninsel Schweiz - also immer so, wie es gerade am besten passt.
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332
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Other / Beginners & Help / Re: Do you think BTC will hit $200?
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on: October 23, 2013, 11:13:34 PM
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Probably 150-200. It means I dont buying now. But who knows, maybe the peak will be at 500 and new equilibrium at 250.
Anyway, exciting times
Exciting times for sure. I think people have understood that Bitcoin is not only a high speculative short time inestment. Many do not want to change back to fiat. So the question is simply where the market volume for a massive crash should come from ? From what I see I assume that for some time value will raise slowly (OK its very fast) to unseen heihgts. Currently the statistics show that damnd (BID) is much higher than supply (ASK). Maybe surprisingly (or not) we will see the 1000 $ barrier falling sooner than expected. But I must also admit that I do not feel very comfortable with this very fast growing because I am simply not used to - that should be true for most investors.
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334
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Economy / Trading Discussion / Re: My first Bitcoin
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on: October 23, 2013, 06:03:46 PM
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You sholdn't take it so serious. I believe everybody regret their decision about it. I for example exchanged all my btc to ltc at highest prices. I hope for you you sold it on the way down
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336
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Economy / Trading Discussion / My first Bitcoin
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on: October 22, 2013, 06:07:44 PM
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On Oct 17th 2012 I bought my first 0.05 BTC. I was not sure how things will develop. So I did buy small amounts and traded them again. Today I could bite my ass not having bought simply 1000 of them.
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339
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Bitcoin / Bitcoin Discussion / Re: [BPQ] Bitcoin Project of the Quarter 2013-Q3: Winner: TREZOR
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on: October 20, 2013, 08:43:53 PM
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Trezor is exactly that- a 'safe'.
So then - what happens if your TREZOR has a technical problem eg. after dipping into water ? Or what happens if it is stolen - you loose the content but nobody else can use it. I won't call that safe. On the other side it is questionable if bigger amounts of fiat money was ever safe in our hands.
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340
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Economy / Scam Accusations / Re: BTC stolen from my wallet
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on: October 20, 2013, 01:23:59 PM
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"I had term with an user here to buy some LTC", How he did this I suspect is in the above statement.
Now we can start speculating what he really did. Second question is why it is necessary to show someone his Bitcoin amount with a small transaction - at that point I would have been mistrustful.
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