So I had more than 40 BTC get lost at Cryptsy. Towards the end I realized that it was easier to withdraw certain alt coins. Among what I was able to get out was about 2000 Etherium coins. If the prices keep rising on those and hit $12 I may actually recoup most of my losses (based on what I paid for my BTC).

My question is this. Where can I actually dump that many coins for fiat or BTC (which I could sell on Coinbase for fiat) without getting burned again?

My nightmare with Cryptsy was that I had originally tried to use it to dump 5000 DASH coins. I moved them over there to sell for BTC and then realized that I was capped on how many I could sell and how much I could withdraw. So months went by with me trying to get them out based on my status with Cryptsy and by the time I was "eligible", Cryptsy's shit hit the fan and all was lost.

I don't want to move 2000 ETH somewhere only to find that I can't withdraw the BTC or Fiat because of some new user status.

I just want out. Any advice would be very appreciated.

Thank you

Can someone please tell me which exchange is doing the most DRK trading volume? I have only been a mintpal user and now that they are back live, I'm not sure it will fit my needs. Their entire 24hr volume is only 12.4 BTC. That's less than the trade I want to make.

I'm thrilled to stand corrected.

I don't think RC5 is going to have enforcement. He's leaving that out for the next release if I understood him correctly.

It matters because every investment gets effectively, a percentage of the market cap. You are buying a piece of the total supply. There aren't that many DRK in the grand scheme of things. 4,617,852 DRK is much smaller than most of the other players. What someone has to pay for your coins is directly related to the available supply.

If another coin was also around .0058 BTC but there were 10,000,000 of the coins, you would be getting less value buying in.

If the total supply of coins isn't large that isn't necessarily bad or good. It only means that's how many there are. That said, you have to know how many there are and the price of the coin to understand what value that you are getting.

It matters to me each time I add an mn what percentage of the network I am at and what percentage of the coin supply I have. Too much and I'm taking too much risk. Too little, and I can't make a difference. I have no interest if I can't be part of the movement of the market.

Lastly, the market cap is indicative of the total value of the coin. Apple Computer's market cap is 618.55 billion USD. You can't look at the share price of $99 and make a decision on the share price alone. The market cap divided by the number of outstanding shares in the company is what prices the shares. It also defines the value of what you hold after you've bought it.

edit: I edited that last paragraph for clarity

Where you a sports broadcaster in a past life?

This talk sounds like an idea for a new coin, safteynetcoin. This is not for DRK. I hate to be the one to sound evil here but this is an anon coin and the mass adoption will come from the first killer app that people must have. It was silk road that got regular people to use bitcoins and it will be something similar that gets people to use darkcoins.

You could feature creep this roll-out real quickly by getting carried away and high minded with your goals. Like any project, its best to stay focused and keep it simple. Adoption is what we seek and like any new tech, you need a killer app to spread adoption. All efforts should be in catering to those killer app developers.

If we can be part of a coin that provides true anonymity and a platform for building a network like darktor, I promise you that the first wave of users will NOT be looking for a porn free utopian society. If that bothers you, go start safteynetcoin.

I heard one time that 87.35% of all statistics are made up on the fly.

The Bitcoin Foundation's mission is to standardize, protect and promote. I would imagine something similar.

https://bitcoinfoundation.org/about/overview/

I'm still pretty new here but the thought occurred to me this morning that the high volatility of BTC and a little panic here and there could help with distribution of the coins.

It seams to me that horders would dump at least a part of their portfolio if they saw an impending calamity on the horizon, allowing those who have been waiting to get into the market. If the price only went up there would be no incentive to sell or use the coins.

When the price goes down people may spend the coins on goods and services to capture value or sell them to a smaller player, via an exchange.

Just my 2cents.

I should have kept my FB and Goog.

So maybe the new arbitrage opportunity is to buy a ticket to Shanghai, buy coins from bitcoin locals then fly back to your home country and sell them for cash. Rinse and repeat. At least you'd get a lot of frequent flyer miles.

Yeah that's a good point. Same thing with goes Mt Gox I suppose. You can still get your BTC out. Nevertheless, I can understand the panic over there and I have a hard time thinking that its over.

I think I've seen this before.

http://cdn.memegenerator.net/images/300x/163347.jpg

If I was Chinese I'd be paranoid about getting my money out. I would never wait until the banks got completely shut down. I'd sell and get my cash back as soon as I could. That's the problem. The run on the bank didn't happen over night. That's going to take a little time.

How could someone in Shanghai with plenty of RMB in BTC China just leave it there? Hope is not a strategy.

I don't know. It's impossible to know. I feel like its going to get worse or at least stay depressed for the immediate future. I'm just saying that if it does hit 200 I'm recommitting no matter what the news is. I've got to decide on a number otherwise, 550,  500 and 450 all look so tempting. It's just my current plan.

I had to sell out last night and limit my loss. I fear the worst is yet to come as the Chinese will most likely block bank deposits as well in the coming weeks or months. I also think the current selling trend will continue. It's not like everyone sold their coins last night. I imagine large portfolios will be dumping every day until they have gotten rid of the amount they want to exit. They can't do it all at once.

Someone let me know when it gets to 200. At that point, I'll take 1000 coins. I think I'll wait until it is there which won't be long.

Ok but surely someone can give a range. The average mining operation is spending how much per coin?

Whatever the number is, is theoretically the lowest the price of a coin should go. Or at least the risk of it going lower gets low enough to not worry me so much.

It's obviously a lot more complicated than he is alluding to. He's also assuming that equipment that would get  1BTC/day in February would still be able to do it in February 2015 365 days later. That's not even remotely likely.

From what I can tell, the bulk of the harvest comes in the first few months and then as difficulty increases it slows substantially.

I don't think most people are mining coins at $50 a pop. I'm not sure that anyone is right now. That sounds incredibly low. I was expecting to hear something closer to $300