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Showing 20 of 152 results by EricTyle
Only 5 hrs away from "morning" in the USA. I don't think it'll drop ~$100 that quick...
You grossly underestimate Bitcoin.
I don't see why people think merchant adoption would cause the price to drop drastically, if someone with bitcoin wanted to buy something that wasn't for sale for bitcoin, they would just sell to a fiat currency and make the purchase. It's a weak argument imho to say merchant adoption is driving the downtrend, the cost of mining combined with the Gox aftermath is more so to blame.
False. I hold 10+ BTC and I only spend them when I can spend BTC. Otherwise I just use fiat. I do not convert BTC to fiat to make a purchase - that's done on the merchant's side
Re: Last hour I bought 20 BTC ( + 100 BTC before = 120 total in two days).
I don't trust everything that I read about bitcoin's prices; however, one post on a blackhat forum made a comment in February (8th, I believe) that BTC will go down to the mid 200 to 300 range. I think the prices were about 7-800 then.
Of course it's all speculation, but it's pretty close and it's one that I've fancied in particular.
Of course it's all speculation, but it's pretty close and it's one that I've fancied in particular.
I'm sorry but those predictions are based on nothing. There are 21,000,000 bitcoins. With those predicitions the total bitcoin value in 2035 will be $ 21,000,000,000,000,000. I hope you understand how ridiculous that sounds......
Preserving your statement for history. Saying the dollar won't be worthless in 20 years is the same broken paradigm logic of every Fiat holder EVER.
The thing is that if every bitcoin was one billion, then fiat would be worthless. Just paper. And let's be realistic, fiat has overstayed its welcome.
sometimes i wonder if poeple really are that dumb, or they just post shit like this to further push bearish sentiment so they can buy lower... its hard to believe anyone could be this stupid, so i'm gonna go with trolling to get the price lower.
I highly doubt any FUD posted on speculation would move the price in a significant manner.
Re: The markets are rigged, central banks use printed money to buy stocks
A decline in US stocks would probably drag the rest of the world down with it. As they say, when America sneezes, the rest of the world catches a cold.
Who says this still? Maybe in the 1950s LOL
How much POB are we talking about? First of all why would we entertain the idea of permanently removing BTC from the ecosystem? Today's change can be next decade's car (or for you bears that want to start a fight for no reason, it could also be next decade's trash).
Also I still don't understand how POB is necessary. I read it but ELI5 someone? Because I don't see why its necessary.
In what past? Bitcoin is the first cyrptocurrency. And if it happened to alt coins, that doesn't mean anything for bitcoin.
I get this except for the part where its undetermined how much would be burned. Then when the price changes, the value of the POB changes too. I could imagine someone burning 0.01 today and in ten years that pledge looks like a lot more (or less, for you bears but for this example bear with me). So what if someone pledged a lot of accounts or addresses, and in ten years used those accounts to scam people? Sure looked like they invested a lot
Also I still don't understand how POB is necessary. I read it but ELI5 someone? Because I don't see why its necessary.
Quote
In the past, this has primarily been used to bootstrap one cryptocurrency from another.
In what past? Bitcoin is the first cyrptocurrency. And if it happened to alt coins, that doesn't mean anything for bitcoin.
Quote
The act of burning coins shows the network that the user is committed to their identity because theyve now expended resources on it, and if they incur a negative reputation then those resources will have gone to waste.
I get this except for the part where its undetermined how much would be burned. Then when the price changes, the value of the POB changes too. I could imagine someone burning 0.01 today and in ten years that pledge looks like a lot more (or less, for you bears but for this example bear with me). So what if someone pledged a lot of accounts or addresses, and in ten years used those accounts to scam people? Sure looked like they invested a lot
Re: VC Tim Draper wins Bitcoin Auction, What will happen next?
Would be funny if Tim Draper was left holding the biggest bag of odorous excrement ever assembled in the history of Bitcoin (stolen from Margin Call) this exchange start up would be getting the hurry up by now...
If anyone who understands Bitcoin, that at this time and age, that one can get 30,000 bitcoins one go, at the price he paid, that they wouldn't give anything to be in his shoes much less ridicule him and thought it's funny, no.
Can someone decipher this? I feel like it may mean something. Is there anyone around from the 1600s?
Re: How many bitcoins are you aiming to save up before Dec 31 2014?
I wish I will be able to earn 10 bitcoins but it's certainly only a dream...
I got a bonus at work and went out and bought 10 bitcoins, then went to a bar and drank with some friends. Then I panicked when they devalued 20%. Then it went to the moon. I've been salty since.
the production cost doesn't decide bitcoin's price, supply and demand back up it's price
so if less buyer than seller, bitcoin drops lower than the production cost until miners decide to cut loose and stop mining (the end)
Is production cost really an issue? It hasn't been an issue since GPU-mining.
With ASIC mining, it's not that it's inefficient at mining bitcoins. It's that the initial cost is huge, and the difficulty causes the profitability to decline -- unless you buy more ASICs to stay ahead/with the game. But then you're down some more money again...
Vicious cycle; though I do personally know of two people who actively mine. One claims 20,000$ yearly profit, but you won't get near this if you start today without a lump sum to start with.
Hyperinflation is one.
But in case of hyperinflation, there will be currency exchange control in place. You may have a hard time doing transaction using btc hence rendering it useless.
But in case of hyperinflation, there will be currency exchange control in place. You may have a hard time doing transaction using btc hence rendering it useless.
Then with hyperinflation, would BTC really raise in value or relatively would it stay the same only to be worth many useless paperbacks?
Wake up people already. Bubble can't last much longer, it's game over. You can sell at $500 and get any value out of it, or wait until it goes to zero. Ask yourself, would you rather own 500 dollars (backed by US military and economy) or one Bitcoin (backed by nothing but speculation and held by obscure early miners and adopters). It's so obvious but people always become blind during the mania. If cryptocurrency was ever to live, it wouldn't be bitcoin. Nations can create their own cryptocurrencies, and then your "algorithm agenda" goes down the toilet. Algorithm is basically useless, since it can easily be recreated. Price of bitcoin is nothing but speculative bubble with no fundamentals.
Countries have tried. They've all flopped.
AuroraCoin? CzechCrownCoin?
http://www.coindesk.com/coindesk-guide-worlds-national-altcoins/
They're all doing so well! So much for our 'algorithm agenda'-
First let us start with the car. Does it have a name?
Here is
Make: Hyundai
Model: Tucson
Year: 2010
Mileage: 80500
Did you have fun driving around the world three times in 4 years? It's recommended to drive about half the world in one year.
[I participated in a Ponzi scheme, and I feel bad for scamming the people I referred]
This is what I read.
Please get the site fixed! We love the game
To be clear, you love the game because you do nothing besides wait for more people to put more money in so that way you can essentially profit off their naivety?