[ANNOUNCE] Ixcoin - a new Bitcoin fork

[Tasty Champa]

I'm pissed because up until now I'd never really lost on bitcoin. I've missed out on all the major opportunities due to buying and selling at the wrong time but somehow i'd always managed to just break even. Now with this I have actually lost money and i'm not happy about it. It's all my own fault yes and obviously I wanted something for nothing but I got nothing for something and I should have seen something like this coming a mile away but I got caught out and I want to rant about it.

what did you do freak out and sell low?

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[caston]

I'm pissed because up until now I'd never really lost on bitcoin. I've missed out on all the major opportunities due to buying and selling at the wrong time but somehow i'd always managed to just break even. Now with this I have actually lost money and i'm not happy about it. It's all my own fault yes and obviously I wanted something for nothing but I got nothing for something and I should have seen something like this coming a mile away but I got caught out and I want to rant about it.

what did you do freak out and sell low?

Yes, I probably should have waited longer to get more of my BTC back as it had risen a bit since I sold but overall I think this thing will die soon. The "investors" will drop of now that the excitement has died and it will soon stop being profitable to mine.

[payb.tc]

I'm pissed because up until now I'd never really lost on bitcoin. I've missed out on all the major opportunities due to buying and selling at the wrong time but somehow i'd always managed to just break even. Now with this I have actually lost money and i'm not happy about it. It's all my own fault yes and obviously I wanted something for nothing but I got nothing for something and I should have seen something like this coming a mile away but I got caught out and I want to rant about it.

i mentioned that i blew 10 btc on these vaporcoins, but i decided not to try to sell them... yes i could get back 1 btc or so but i thought i'd rather just forget about it for a few months and check back later... see how my couple o' thousand ixc are doing then.

[smoothie]

I'm pissed because up until now I'd never really lost on bitcoin. I've missed out on all the major opportunities due to buying and selling at the wrong time but somehow i'd always managed to just break even. Now with this I have actually lost money and i'm not happy about it. It's all my own fault yes and obviously I wanted something for nothing but I got nothing for something and I should have seen something like this coming a mile away but I got caught out and I want to rant about it.

what did you do freak out and sell low?

Yes, I probably should have waited longer to get more of my BTC back as it had risen a bit since I sold but overall I think this thing will die soon. The "investors" will drop of now that the excitement has died and it will soon stop being profitable to mine.

If you don't know how to day trade then don't do it at all. End of story.

[smoothie]

This topic has gotten alot of attention so quick.

1. Mining difficulty skyrocketing
2. Ixcoin Exchange Created
3. Ixcoin Mining Pool Created
4. ??

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.
.
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n. die?

[caston]

If you don't know how to day trade then don't do it at all. End of story.

True, i'd be much better off spending more time in the gym. Who needs money?

[payb.tc]

I'm pissed because up until now I'd never really lost on bitcoin. I've missed out on all the major opportunities due to buying and selling at the wrong time but somehow i'd always managed to just break even. Now with this I have actually lost money and i'm not happy about it. It's all my own fault yes and obviously I wanted something for nothing but I got nothing for something and I should have seen something like this coming a mile away but I got caught out and I want to rant about it.

what did you do freak out and sell low?

Yes, I probably should have waited longer to get more of my BTC back as it had risen a bit since I sold but overall I think this thing will die soon. The "investors" will drop of now that the excitement has died and it will soon stop being profitable to mine.

If you don't know how to day trade then don't do it at all. End of story.

yes and if you don't know how to walk or ride a bike, don't do that either.

only ever do things that you already know how to do.

[Chris Acheson]

If you don't know how to day trade then don't do it at all. End of story.

But without traders like him, who will pay you to mine ixcoins?

[smoothie]

I'm pissed because up until now I'd never really lost on bitcoin. I've missed out on all the major opportunities due to buying and selling at the wrong time but somehow i'd always managed to just break even. Now with this I have actually lost money and i'm not happy about it. It's all my own fault yes and obviously I wanted something for nothing but I got nothing for something and I should have seen something like this coming a mile away but I got caught out and I want to rant about it.

what did you do freak out and sell low?

Yes, I probably should have waited longer to get more of my BTC back as it had risen a bit since I sold but overall I think this thing will die soon. The "investors" will drop of now that the excitement has died and it will soon stop being profitable to mine.

If you don't know how to day trade then don't do it at all. End of story.

yes and if you don't know how to walk or ride a bike, don't do that either.

only ever do things that you already know how to do.

LOL you should apply this to retorts and comebacks. If you can't come up with something good, DONT DO IT lol

 

[smoothie]

If you don't know how to day trade then don't do it at all. End of story.

But without traders like him, who will pay you to mine ixcoins?

You are =).

All your base are belong to us.

[smoothie]

If you don't know how to day trade then don't do it at all. End of story.

True, i'd be much better off spending more time in the gym. Who needs money?

Send it my way! BTC address below!

[Chris Acheson]

But without traders like him, who will pay you to mine ixcoins?

You are =).

All your base are belong to us.

Yeah, I'm sure I'll give in and start buying IXC any day now.  ಠ_ಠ

[forexmasterja]

I'm pissed because up until now I'd never really lost on bitcoin. I've missed out on all the major opportunities due to buying and selling at the wrong time but somehow i'd always managed to just break even. Now with this I have actually lost money and i'm not happy about it. It's all my own fault yes and obviously I wanted something for nothing but I got nothing for something and I should have seen something like this coming a mile away but I got caught out and I want to rant about it.

what did you do freak out and sell low?

Yes, I probably should have waited longer to get more of my BTC back as it had risen a bit since I sold but overall I think this thing will die soon. The "investors" will drop of now that the excitement has died and it will soon stop being profitable to mine.

How do you come by the conclusion that the excitement has died you guys realize that this thing has really only been announced in mass yesterday right ?? And you also realize that the difficulty at the moment of writing this is 1024 right How in the world do you figure that it is over I know internet time makes everything accelerated but come on .... the thing is running for (1 day) and you decide it is at the end of its life cycle I must be crazy but no matter how bad of an idea this is I can almost certainly say it is not the end of ixcoin. On the contrary the beginning, as more ppl hear about it even the skeptical will dabble a little in it. and that dabbling hasn't happened yet. And Some will buy it on speculation saying hey what the heck, i'll buy a few btc's worth incase this really takes off. And I would not advise them against it. No one knows where this can go. Look at namecoin, it's still hanging around. And in the inception of bitcoin i'm sure there were alot of trolls like i see commenting here saying it would die but it hasnt died. Long story short even if Ixcoin is going to fail, imho its not at that stage yet...

Thats just my 2 ixcoins..

[Chris Acheson]

How do you come by the conclusion that the excitement has died you guys realize that this thing has really only been announced in mass yesterday right ?? And you also realize that the difficulty at the moment of writing this is 1024 right How in the world do you figure that it is over I know internet time makes everything accelerated but come on .... the thing is running for (1 day) and you decide it is at the end of its life cycle I must be crazy but no matter how bad of an idea this is I can almost certainly say it is not the end of ixcoin. On the contrary the beginning, as more ppl hear about it even the skeptical will dabble a little in it. and that dabbling hasn't happened yet. And Some will buy it on speculation saying hey what the heck, i'll buy a few btc's worth incase this really takes off. And I would not advise them against it. No one knows where this can go. Look at namecoin, it's still hanging around. And in the inception of bitcoin i'm sure there were alot of trolls like i see commenting here saying it would die but it hasnt died. Long story short even if Ixcoin is going to fail, imho its not at that stage yet...

Thats just my 2 ixcoins..

Again, fundamentals.  What niche does Ixcoin fill?  What can you do with it that you can't already do with Bitcoin?  Why should merchants bother to accept it instead of (or in addition to) Bitcoin?

In other words, why would this ever take off?

[smoothie]

How do you come by the conclusion that the excitement has died you guys realize that this thing has really only been announced in mass yesterday right ?? And you also realize that the difficulty at the moment of writing this is 1024 right How in the world do you figure that it is over I know internet time makes everything accelerated but come on .... the thing is running for (1 day) and you decide it is at the end of its life cycle I must be crazy but no matter how bad of an idea this is I can almost certainly say it is not the end of ixcoin. On the contrary the beginning, as more ppl hear about it even the skeptical will dabble a little in it. and that dabbling hasn't happened yet. And Some will buy it on speculation saying hey what the heck, i'll buy a few btc's worth incase this really takes off. And I would not advise them against it. No one knows where this can go. Look at namecoin, it's still hanging around. And in the inception of bitcoin i'm sure there were alot of trolls like i see commenting here saying it would die but it hasnt died. Long story short even if Ixcoin is going to fail, imho its not at that stage yet...

Thats just my 2 ixcoins..

Again, fundamentals.  What niche does Ixcoin fill?  What can you do with it that you can't already do with Bitcoin?  Why should merchants bother to accept it instead of (or in addition to) Bitcoin?

In other words, why would this ever take off?

The niche is profit!

[enmaku]

I like how we all pretend that forks have to have some extra purpose or other functionality aside from just using different math and Namecoin is always everyone's favorite example. Sure, it serves a meaningful purpose and that's awesome, I'm happy it's there and agree with its purpose, but really look at the trade volume on Bitparking's NMC exchange and look at how many registrations ACTUALLY happen on the namecoin network in a day and tell me it's not just another den of speculation...

[CoinHunter]

Again, fundamentals.  What niche does Ixcoin fill?  What can you do with it that you can't already do with Bitcoin?  Why should merchants bother to accept it instead of (or in addition to) Bitcoin?

In other words, why would this ever take off?

In my opinion it won't. You're right that it does nothing better than Bitcoin, but people have and will make money on IXCoin. That is why it will exist, until the bottom drops out of it and some people lose money.

We need to see some real improvements upon Bitcoin before we will have a real challenger. And even then, Bitcoin itself could just improve itself (less than 10 minute blocks, daily retargets, etc).

[bitcool]

Again, fundamentals.  What niche does Ixcoin fill?  What can you do with it that you can't already do with Bitcoin?  Why should merchants bother to accept it instead of (or in addition to) Bitcoin?

In other words, why would this ever take off?

one word, greed. not necessarily in a negative sense. fear and greed are two common human emotion when money is involved.

With all the talks about inflation/deflation on this forum, ixcoin still uses similar first-inflate-then-deflate algorithm, this in itself says something.

[deepceleron]

1. Mine the hell out of this to increase difficulty 1024,4096,16384,65536,262144,1048576...,
2. Leave,
3. ....,
4. Profit in LuLz.

[Chris Acheson]

Again, fundamentals.  What niche does Ixcoin fill?  What can you do with it that you can't already do with Bitcoin?  Why should merchants bother to accept it instead of (or in addition to) Bitcoin?

In other words, why would this ever take off?

The niche is profit!

I meant besides the niche of "taking money from suckers".

I like how we all pretend that forks have to have some extra purpose or other functionality aside from just using different math and Namecoin is always everyone's favorite example. Sure, it serves a meaningful purpose and that's awesome, I'm happy it's there and agree with its purpose, but really look at the trade volume on Bitparking's NMC exchange and look at how many registrations ACTUALLY happen on the namecoin network in a day and tell me it's not just another den of speculation...

NMC speculators are banking on the Namecoin system actually being used for its intended purpose someday, and thus increasing in value.  Maybe it'll happen, maybe it won't.  IXC speculators are hoping for what exactly?  What's going to drive an increase in IXC price, other than more speculators?

one word, greed. not necessarily in a negative sense. fear and greed are two common human emotion when money is involved.

With all the talks about inflation/deflation on this forum, ixcoin still uses similar first-inflate-then-deflate algorithm, this in itself says something.

Uh, okay... what does it say, exactly?