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Economy / Services / Re: Earn up to 0.8BTC/month just by posting! - Advertise for PrimeDice.com! *Updated
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on: January 27, 2014, 11:00:49 AM
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Starting posts:12
Bitcoin address: 16p6vYJ5JyosZF8c4JLJXXkxnTAxNjmj5d
You can't join this, you need at least 50 activity (registered to the forum for at least 2 months) Read the main post at the very top: EDIT: Due to the great number of complaints about spam bots, we will be restricting the next round (Jan 17th onwards) to users with 50+ activity. Any posts you make while you are under 50 activity will not contribute to your total.
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Bitcoin / Bitcoin Discussion / Re: Democratic manipulation of the Silk Road 29,655 bitcoins
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on: January 21, 2014, 02:51:05 PM
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Actually a 30k dump all at once at current prices would drop btc's price down to about $500. While I agree with you that people would just buy back in and the price would eventually rebound... a drop of $300+ dollars in a matter of seconds is huge and would likely lead to some serious panic selling at first that would drive the price down further.
It's not true that the price would drop only a little if that many coins were unloaded on an exchange at once.
That would be FANTASTIC. I am putting in my buy orders now. Yes I agree with you (both!). We are not sure about buy/sell orders not on the order book, it might not go that down, or maybe even lower. Def. a very good opportunity to buy more coins and many can't wait |
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Bitcoin / Bitcoin Discussion / Re: This is why Bitcoin will win ... the speed of credit cards with the cost of cash
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on: January 20, 2014, 01:07:06 PM
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BTC though: Unstable rates...
USD has unstable rates. Yesterday 1 $ was 1.15 mBTC, today it is 1.05 mBTC. Can't use a volatile currency like that. (it's all a matter of perspective) I like the sentiment of this. My first reaction was 'yeah but that's because of the movement in Bitcoin, not in the USD', but it al amounts to the same thing. THe USD could easily be valued by its worth in Bitcoin. Good point. That could be a valid statement only bitcoin is adopted as much as US Dollars. Until then, you check the price of bitcoins in dollars, not the opposite. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: cryptsy - why is this site so slow?
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on: January 20, 2014, 12:37:15 PM
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Hello, do anyone now why this site is so slow?
Slow loading, slow sendings, slow confirmation?
I send 3 hours ago btc to cryptsy, its since 3 hours on Pending Deposit with now 6 confirmations.
On other sides it took 30 minutes.
What is wrong with this site?
Too much people using the site, just wait for them to upgrade their server... Is it the new "in 2 weeks"? We are waiting for months already, I guess they already did but the code doesn't scale, hopeless.. |
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Economy / Speculation / Re: BTC Beginning of the End !
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on: January 18, 2014, 12:29:23 AM
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Litecoin has no new technology to make it superior to other, upcoming coins.... so basically you think bitcoin will crash but have invested in litecoin and are pumping it. Educated guess based on available information. I'd say it's more likely that if bitcoin crashes, the other coins will crash as hard, and the market cap of the whole crypto currency space will decline, a good thing that will allow new fresh investors into the scene and wipe out the net worth of all the early adopters who hopefully sell and give some of their coin to the fresh investor base. Right now for claiming to be 'decentralized' crypto currencies are really no different than fiat currencies, profit driven with a large portion of the currency being held in very few hand.. the top 1% determined to keep their riches.
Check this thread, all is clear https://bitcointalk.org/index.php?topic=419207.msg4565079#msg4565079Another useless post, I am glad you are here to keep me laugh on friday night Now, stop posting bullshit and do something good for the humanity: don't use google translate |
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Bitcoin / Legal / Re: As miner, should I declare my computers/electricity for tax purposes?
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on: January 17, 2014, 11:33:45 PM
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I've never sold a bitcoin so I have no gains to report.
However, I've been mining for a year and purchased expensive computer parts to mine.
Will I be able to declare those as a business expense for tax purposes even though I didn't report any income( i didn't sell any coins)
If you are a miner, you have gains to report. Every coins you mined needs to be declared as income at the moment you mined it. Not true. You have no financial gain until you sell. Think of Bitcoin as an inventory item. Your asset cost is the cost of equipment and power. As a business you don't pay income tax on unsold inventory... If you own a rock quarry you don't pay taxes on all the rocks you own but haven't sold yet. what if you use it to buy something? by the way OP, which Country we are talking about? |
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Bitcoin / Press / Re: 2014-01-16 Guardian - Will buying porn turn out to be Bitcoin's killer app?
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on: January 17, 2014, 11:22:34 PM
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In 2007, porn.com became one of the most expensive domain names ever sold, when Detroit-based MXN Ltd paid $9.5m to buy it.
Now the site's owners are offering the domain for sale to anyone who will pay $50m in the digital currency.
500% in 6 years? bitcoin adoption was supposed to inflate the price, not sure there is anything interesting in using bitcoin on a subscription based market like pr0n |
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Bitcoin / Press / Re: [2014-1-15] Epoch Times - Canada's First Bitcoin "Gift Card" Launched
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on: January 17, 2014, 11:17:57 PM
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Whether or not the execution is good, I really like the fact companies like this are helping bitcoin get real-world precence.
And about the 10% fee, don't forget that for n00bs, this is a really easy way to enter into the world of bitcoin. Not bad at all!
agree here. we need this kind of stuff for the mainstream adoption. when time goes bye, it will be alot easyer and cheaper to buy BTCagree on this. there will be somebody interested on this, like people in hurry to pay Bitlocker  another legit service launched is always a success |
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