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Author Topic: Newbies Hangout  (Read 25409 times)
summerlove
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November 30, 2013, 08:15:53 PM
 #541

hello, i'm pretty brand new to bitcoins, as i just started investing in it yesterday. my friend showed me it, and i knew about it for awhile but never really thought of it as a way to make money. my current position i am in right now, i can make pretty good money but i needed something to invest it in, so i chose bitcoin and cryptocurrency. im just saying i am brand new to this, kind of don't understand mining and all of that.
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daybyter
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November 30, 2013, 08:27:19 PM
 #542

hello, i'm pretty brand new to bitcoins, as i just started investing in it yesterday. my friend showed me it, and i knew about it for awhile but never really thought of it as a way to make money. my current position i am in right now, i can make pretty good money but i needed something to invest it in, so i chose bitcoin and cryptocurrency. im just saying i am brand new to this, kind of don't understand mining and all of that.

I think you have to consider, that we have a bit of a bubble at the moment. Don't know if it's smart to buy a lot of coins for the current price.

summerlove
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November 30, 2013, 08:29:27 PM
 #543

hello, i'm pretty brand new to bitcoins, as i just started investing in it yesterday. my friend showed me it, and i knew about it for awhile but never really thought of it as a way to make money. my current position i am in right now, i can make pretty good money but i needed something to invest it in, so i chose bitcoin and cryptocurrency. im just saying i am brand new to this, kind of don't understand mining and all of that.

I think you have to consider, that we have a bit of a bubble at the moment. Don't know if it's smart to buy a lot of coins for the current price.
i don't mean just bitcoins, i want to put a little bit of money in a few different coins
daybyter
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November 30, 2013, 08:37:53 PM
 #544

Litecoins are also too high in my eyes. Most other coin types are just gambling. There are 1 or 2 exchanges trading them. If one of them removes them their value drops close to nil...

summerlove
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November 30, 2013, 09:02:14 PM
 #545

Litecoins are also too high in my eyes. Most other coin types are just gambling. There are 1 or 2 exchanges trading them. If one of them removes them their value drops close to nil...

i know, i'm willing to take a bit of a risk though
the ones that are worth only a few cents could make profit if they increase only just a little Smiley
TheJacob
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November 30, 2013, 09:51:16 PM
 #546

Whats the reason for the dropoff in volume?
daybyter
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November 30, 2013, 10:04:03 PM
 #547

Here are my thoughts on Bitcoin right now.

Hmmh...you understand chart analysis? Are you a coder? I work on bot code.

gyop
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November 30, 2013, 10:06:09 PM
 #548

Sure !
zosi
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November 30, 2013, 10:16:37 PM
 #549

appreciate your thoughts, very insightful.
lilmiko
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November 30, 2013, 10:33:43 PM
 #550

Hello. Pretty new to mining myself and looking to get more into it. I can't seem to get dummy plugs to work with a video card that I'm using at the moment so I thought I would ask on these forums as they seem the most popular... Still a newbie so can only post here, maybe someone here knows the solution to my problem?

I have a Gigabyte Z77X-UD3H motherboard with an Intel i7 3770K processor attached as well as one video card, a Radeon HD 5850. I want to use the onboard graphics of the processor for everything that the computer does except mining. I want mining to be the only thing to use the video card. This is so I can use the video card's full potential for mining and still be able to use the computer without any lag. I went into my BIOS settings and changed it so that it uses the processor's graphics as default but now cgminer and MSI afterburner does not recognize my video card at all. So, this is where I thought people use dummy plugs to trick the computer to recognize the video card while still using the processor for graphics. I hooked my video card up to a monitor which is the same thing a dummy plug simulates but my computer still does not recognize the video card...
Tributary
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November 30, 2013, 10:56:13 PM
 #551

Here are my thoughts on Bitcoin right now.


Why use the extremes to draw your predictions, and not the average/median (especially on the market volume, where the beginning of that slope is one large, unique sell-off)

Smiley
gh0st
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November 30, 2013, 10:59:54 PM
 #552

I´m just waiting for the USD1500 climb then i´m out  Grin

Pre-order: KnC Neptune 3TH ┗(°0°)┛
oktwister
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December 01, 2013, 01:20:30 AM
 #553

Hey guys another Newb from Oklahoma. I started mining about 3 weeks ago as strictly a hobby. A quick question regarding exceeding internet usage: Have any of you exceeded your internet usage plan from mining bit coins? I just received an email from Cox stating I have exceeded my plan. I not sure what my next steps would be. I am looking at increasing my download but just curious what types of plans other miners are using and if they have had any similar issues? Thanks again.

Is your problem the actual mining or the download of the blockchain in your wallet?

To be honest, I really don't know. I will look into the Wallet. Thank you.

subhead
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December 01, 2013, 01:46:33 AM
 #554

Here are my thoughts on Bitcoin right now.





and








hey which software do you use n the screenshots?

thanks in advance.

EvilHumpty.com EU P2Pool LTC-DOGE-REDD-MOON
BTC: 1JJ4oUshc5KE7xZeDJXXVNHwFxrMct56Zj
LTC: LdZ85kmtnBRPWYCPgYRThQWS7GsHEn4PKn
ticoti
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December 01, 2013, 02:02:11 AM
 #555

do you believe btc is reaching 10,000 in 2014?

and 100,000 in next years??
nahtnam
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December 01, 2013, 02:12:33 AM
 #556

do you believe btc is reaching 10,000 in 2014?

and 100,000 in next years??

Maybe, but selling it would then become impossible. Why would companies give you 100,000 dollars for bitcoins? Early investors would be rich and exchanges cant afford to buy BTC's from you.

MAbtc
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December 01, 2013, 02:14:41 AM
 #557

do you believe btc is reaching 10,000 in 2014?

and 100,000 in next years??

Maybe, but selling it would then become impossible. Why would companies give you 100,000 dollars for bitcoins? Early investors would be rich and exchanges cant afford to buy BTC's from you.
What are you saying? Exchanges take commission on sales between two parties. There is no reason they cannot continue to do so at any price.
k3ksninja
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December 01, 2013, 02:16:07 AM
 #558

With so many new businesses adopting and accepting bitcoin i think the price will be going up (of couse with hurdles on the way)

If bitcoin is successful in the long run:

Total number of bitcoins possible : 21x 10^6.

Total USD in the system : 8.3x10^12.

divide USD/bitcoin totals = $395 238.0952.

is how much 1 bitcoin is worth if u do straight up maths.
$$$$$$CHI CHING$$$$
nahtnam
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December 01, 2013, 02:22:54 AM
 #559

do you believe btc is reaching 10,000 in 2014?

and 100,000 in next years??

Maybe, but selling it would then become impossible. Why would companies give you 100,000 dollars for bitcoins? Early investors would be rich and exchanges cant afford to buy BTC's from you.
What are you saying? Exchanges take commission on sales between two parties. There is no reason they cannot continue to do so at any price.

Yes, but I dont think many people will be buying BTC's at 100,000 dollars.

Erdogan
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December 01, 2013, 02:30:20 AM
 #560

do you believe btc is reaching 10,000 in 2014?

and 100,000 in next years??

Maybe, but selling it would then become impossible. Why would companies give you 100,000 dollars for bitcoins? Early investors would be rich and exchanges cant afford to buy BTC's from you.
What are you saying? Exchanges take commission on sales between two parties. There is no reason they cannot continue to do so at any price.

Yes, but I dont think many people will be buying BTC's at 100,000 dollars.

In that case. the price will not reach 100,000 dollars.
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