I like how the Russians came in and made all the Americans look like sheep for spitting out things they read that were simply not true. 

Good times. I thoroughly enjoyed it.

OPEC decided not to cut production because they would rather weather the storm now and take short term losses (which only means less profit and aren't actually losses), in order to hold their marker dominance. The USA has started pumping oil at an alarming rate, to the point to where we were rivaling Saudi Arabia.

It costs us about 65$ a barrel to pump it via fracking. OPEC knows this. All they had to do was cut supply and oil would be 105$ a barrel again. They would rather charge less for their oil and hold their market dominance.

Why should we care? Give them the worthless paper for the oil, send it on over! Save our oil for times of need? Very capitalistic of me but its the truth.

Plus, it helps along our agenda with Russia, and increases profit margins in alot of oil burning industries.

OPEC knows that this is their only way of holding market dominance for now. It means much more profit for them to pump oil at 50$ a barrel for the next 5 years, than pump oil at 105$ a barrel and sell not as much of it and slowly lose their dominance for the next upcoming decade.

I'm honestly am unsure if this is untrue or not, I'd figure it'd be all over the forums by now so I'm thinking its fake. Can anyone here please shed some light on this? Is this for real?

http://nationalreport.net/bitcoin-satoshi-nakamoto-arrested-identity-revealed/

It can't be real, I'm really hoping it isn't real, satoshi deserves every fucking bitcoin he owns, they can not take them away

Can you get bottles of Absinthe?

How well does Darkwallet work? is it enough to make BTC anonymous?

Well I agree with you but sadly I think ANY coin that boasts anonymous features will come under scrutiny from capitol hill, regardless of the name. You could make it the best sounding coin in the world but the second it facilitates money laundering and the like, its going to come under heavy scrutiny.

I think Bitcoin has come under alot of scrutiny due to these issues and its not even completely anonymous. Bitcoin at least proves that they won't just "shut'er down" the second they find out about it.

Capitol Hill didn't really care about BTC till it started rising so I'd image a anonymous coin could have years of use before it hits mainstream public depending on how much hype there is when it actually comes out. Even then I doubt they would just shut it down and say no. They might watch it but that's quite alright if they do because it's you the user that is responsible for covering your tracks once a currency like that is in place, though I think most of us don't care at all about covering our tracks because we use bitcoin for legitimate purposes. No matter how anonymous the Blockchain is, you'll still have exchanges and fiat currency conversions to worry about. I'm pretty sure Bitcoin has been used for more evil than good up till about a year ago, they didn't just shut it down lol. They did make sure to bust a few big boys, whom probably thought they were immune to prosecution due to using bitcoin (which is again, the users responsibility to not be a derpcake and think they are outside the law just because its pixels). ..still waiting for the Fontas bust, I noticed he finally wised up and F-ed off. lol.

Now I don't think DRK is the answer either, but I see it as the mostly likely candidate to receive alot of hype in the near future, until something better arises. I'm asking about if a bubble were to happen next week, where would DRK stand? Right now I think it has a very good chance of going just as far as most of the other coins last bubble, they are over NVC/PPC/XPM/and all the others on BTC-E and sit right behind LTC price wise, we saw DOGE and all kinds of other weird ass coins have meteoric rises last bubble (like 42??? why was that shit 400 bitcoin per 42 at one time?) lol. I'm pretty sure all they changed was the number "21m" to "42" and probably a algorithm change. Why??

Theres a lot of logic being stated here as to why Alts won't make it long term (and I for the most part agree with all of them), but there was ABSOLUTELY no logic to the rising of last bubbles altcoins. I remember people saying "wow my 40 dollars worth of altcoins on cryptsy are worth 1,000 bucks now" lol. It was mainly due to the influx of new chinese exchanges excepting alt coins ya? so that probably won't happen this time around, I found it very weird, there was no logic behind it.

I think random cryptsy coins won't rise, but the next bubble will see the rise of coins that were the first to come out with a particular feature. I think LTC/PPC/XPM/ and all the btc-e coins that have basically been established as "the first of their kind to catch on" will see some form of rising.

Now just like before, they will all rise to different heights respective of their placement in the "crypto economy".

So I still see BTC/LTC rising the most out of all of them. But how close will DRK be to LTC next bubble? That's my question.

I love the weekly graph of LTC btw - such a smooth decline into old areas of support and resistance, it really helps me look at bitcoin in the same light around these prices.

Yup, This is the type of stuff I wanted to see by posting this thread, Thank you everyone you are making my day!!

Darkcoin always seemed like it was right up everyone's alley, I can't help but agree with toknormal/coins101. We got tons of free (albeit bad) publicity from SR to the point where everyone thinks its the anarchist's answer to anonymous currency, which we all know is only half the case. As long as you never attach a name to your bitcoin, and are very careful about the way you transact, yes you can remain for the most part anonymous. The media is constantly saying "bitcoin" the anonymous anarchist's currency. I really can't help but feel like the Darknet markets would utilize such coins to facilitate their billions of dollars worth of illegal transactions. Is there any Darkcoin markets utilizing this coin now? I'm sure most are still using bitcoin for what ever reason.

I think Darkcoin definitely brings something new to the table, something that Bitcoin supposedly brought, but we all learned later on that its only half the case. That is why I was seriously curious about DRK as I think it really could contend with LTC for second place due to these features.

Great points to make note of: DRK is almost independantly priced from LTC/BTC in the sense that when it rises, only it and its clones rise and normally doesn't follow suit with BTC/LTC - But if LTC/BTC start to rise, Why would DRK just sit behind?

I think we would be wise to buy DRK over PPC or any other alt that made it +15 on BTC-E last bubble (other than LTC, I still consider LTC a safe bet imo, but it is true now, that one line code changes are no longer going to suffice for alt coins, which is a GOOD THING!!!!)

I know there's some things people don't like about DRK - The way it was launched for instance, and above that was argued as the reason DRK doesn't have a future... I can't help but remember NOVACOIN was at like 30 fucking dollars each and everything about that coin is a scam... Even BTC-E got bribed with 250k NVC to add it to the exchange.

Innovation is Key and right now I think DRK has the most innovation - Unless anyone can point me in a better direction? Not too impressed with Monero, should i be? Looks pumped honestly.

Question added: How effective is Darkwallet? Is something like Darkwallet enough to make Bitcoin completely anonymous and make DRK obsolete? (I know nothing of Darkwallet so forgive my noob questions here)

^ I don't know man, you might be quite upset with yourself with thinking a cheap item is now "worthless" just because its price is back down. That's kind of what people want you to think, so they can buy cheaper than you, and you'll only realize "the value is still there" after it goes $5-10+ again and you miss the wagon. . I see this as opportunity. I know for a fact LTC isn't dead lol. If Bitcoin takes off, and starts rising over 1000 again, Litecoin will NOT stay at 3-2 dollars each. That's like saying silver is dead because it hasn't reached $50 dollars since the 70s.

Just the fact that people are spending thousands to get themselves a "Powerful, Super duper LTC Mining Box" tells me that LTC is still worth the 3 dollars to mine it, possibly even at a loss due to bullish miners holding their coins (probably as they have no other options at this point lol).

You can take $1,000 and buy 3.3 BTC - If prices reach old peak of 1200 (without margin trading) would yield $2,960 Profit total. If you took that same $1,000 and purchased 285.7 LTC @ 3.5 each and held till a peak of 45 (which isn't even the full $50 peak of last bubble) would of yielded $11,857 Profit.

LTC has much more potential profit and it would not be wise to ONLY buy BTC for that reason. I'm a gambling man, I'm willing to bet that LTC follows BTC next bubble. There is just no way with all the ASIC's coming out and all the hype around Charlie and Litecoin for them to just sit there while bitcoin sores to $1,000. That just doesn't seem plausible. Even right now as we bounce at 300, LTC is looking for a reason to jump $1.

Interesting reads on DRK - Thank you for posting. I was thinking that DRK might follow suit as well because its a few dollars per coin now. I noticed it is basically prices right under LTC so that is why I asked the question will DRK take over LTC next bubble? I figured we might actually see it due to innovation and people getting excited. I wanted to know if I should put some into DRK as well as LTC Have a nice night guys great posts

A few good points definitely. I think Waramp is right probably about the regulation side of coins promising truly anonymous transactions, Though it is a very good tool for people wanting their freedom we all know (as Waramp as pointed out) that people will use them for nefarious purposes making them a major target.

I do think alot of people learned about crypto-currency through SR though sadly, not all, but quite a few. I seem to remember the motto being "a currency isn't a currency till you can buy drugs with it" during that time lol. I just figured the anonymous would get that side of the community all excited.

Now that you have pointed this out though I have a better perspective of it. I definitely don't think it's as innovative as I thought it was now. I haven't seen any coin yet that really brings something truly innovative to the table that completely makes Bitcoin obsolete. When that happens we will all know I'm sure, it will just be too good to refuse, but I honestly can't think of a single thing that I could add to Bitcoin to make it "better" to the point where Bitcoin is now obsolete.

I definitely think with all the LTC asics out we must see some action if we do indeed see another bitcoin bubble. I am unsure of what the catalyst will be, but I'm definitely giving Bitcoin a good shot at seeing it over what it is today in the future.  Though, I believe litecoin is in the same situation BTC was in 2013, people were willing to buy for investment purposes, but not many merchants were accepting yet. Its actually fairly far behind IMO, since it already has ASICS out but you can't really spend it, most exchange it for BTC after mining it as well.

Thank you Gadado, you actually answered my question on innovations that could render Bitcoin obsolete, I guess that really is the holy grail - INSTANT. D: I liked the look of Ripple - confused the hell out of me though (the exchange thing) every movement I made needed BTC, even to send my other coins, I was confused as hell. PPC has always been interesting too due to the electricity it saves. I know that has to be another side of this new magical coins innovations. Have no clue what NXT is honestly.... What's NXT all about? Does it bring anything good to the table?

Side Note: I'm thinking BTC bottom should be around 200 ish ya? lowest 170ish Probably a bounce at 266 (from last peak?) I'm just checking fib levels and past support areas. Unless Bitcoin is going all the way.... lol. theres going to be at least a good bounce some where in there.

I really don't see how its going to get past 150, everyone and their mom would start buying (unless there was truly bad news out, which there isn't) There is just wayyyy too many people willing to invest into bitcoin now for them to get much lower than that, GRANTED they haven't been high for all that long but there is billions of dollars worth of industry behind BTC now (in every angle) which is the major difference for me compared to last year.

Does anyone ever pay attention to the Gox coins anymore? Are they just sitting there? None being sold? This isn't another epic stolen coin sell off is it? :3 lol (it looks more like natural ebb & flows of the market to me honestly, but it does make me wonder)

Yea I can't help but agree, I figured though once BTC turned around (when ever that may be), LTC might be in the lower range of where it was prior to the last BTC bubble (around 1.5 to 2 usd per coin).

If BTC slows down its downtrend and turns around, which I'd imagine would have to happen at some point fairly soon, Would you buy LTC along with your BTC? What about any other altcoins? Or are you the type to stick to Bitcoin only? (which is probably honestly the safest move, so I definitely see why)

I can't help but feel bullish still with all the venture capitalist still lining up to join in on the fun, and big names like Paypal, Overstock, Expedia, and DISH (granted they aren't actually holding the coins, just utilizing them as a payment system, which is what they are meant to be used for anyways, to some extent). It just goes to show that the concept of Bitcoin is not only working, its flourishing, and its catching the interest of large corporations as a way to move funds from A to B without costing an Arm and a Leg. That screams to me "Get in while the little guy still can", am I wrong in thinking this way?

so ya, if BTC starts on up a rise again and we can safely declare crypto isn't going to the floor, would you then feel safer buying alts? and if so, what do you think of DRK? are there better, more anonymous, more Innovative coins now? if so, which?

I think LTC will always be number 2, so no matter what if BTC rises, LTC should too at some degree, but depending on how much is another story. It's hard to knock something out of place when its been there since day one IMO. My biggest bet is always on Bitcoin though for the time being.

Thank you for your time and input, its greatly appreciated. Have a nice evening, best of luck with profits.

@RobinWilliams

AH ok, I see, this is why I came to the big boys, I figured you guys would be able to tell me whats up with DRK and why or why not its a good idea. What is the most innovative new altcoin now? Is there anything that's come out since DRK that's a better alternative possibly?

I'm guessing I'm going to stick with my original plan of buying mostly BTC with around 30%-40% of my funds going to LTC if they get cheap enough. Worked like a charm last time and I want my crypto back. DRK has just interested me in the past, the anonymous features I figured would make it a major contender but it sounds like the devs screwed around with the confidence of the public and didn't launch it right, which I know can all but destroy a coin before it even gets started. Just figured it wouldn't hurt to ask.

I know that Darkcoin is actually fairly far behind volume wise and probably market cap wise and every other way as well. The ONLY reason I am asking this is because, I remember the last bubbles, as bitcoin started to rise, Altcoins took off late afterwards, and people made incredible gains on random alt coins at the time.

I remember Novacoin was over Litecoin in price all the way up to like 25$ each until litecoin finally surpassed it and reached ~$50s. I know the reasoning behind the NVC rise was due to there being significantly less coins than others.

My reasoning on Darkcoin - It brings new safety features to crypto-currency and I believe the added anonymous feautures are perceived as a great asset to crypto-currency and we saw them rise to very high prices. Since this new coin actually brings something fairly new to the table (much how quark did during the boom, causing it to have a giant rise during the first weeks of its creation).

I'm definitely buying Bitcoin, at least a few thousand worth (when the time is right, the time is not now obviously but I believe it is pretty damn soon!! lol), I'm also buying some litecoin, and I'm debating on splitting the few thousand I was going to put solely into LTC and buy half LTC and half DRK - I just wanted to see how many others thought this would be a good move. I'm wanting to diversify between a few different currencies that are on the cheaper side at the moment. (Doge isn't an option maybe if it comes back down a lil later on). PPC interests me slightly as its cheap as well, but I'm thinking DRK is going to be the big mover this time (unless theres a better coin than DRK now??) LEMME KNOW TANK YEW

Thanks for all your opinions! Take care and have a nice day everyone! Best of luck to your future Bitcoin endeavors

EDIT: I know no one truly knows, I know no one has a crystal ball with all the answers. I'm just wanting a few opinions as to where DRK actually places in the Crypto Economy.

Trying to get me a bitcoin or 2 to join in on the fun! ^^

Why is it sad? Did I miss something? He has 440k worth of bitcoin he bought for cheap, plus a time when he owned tons (and probably quite a bit of USD profit as well from bitcoinica). I thought it was pretty cool to see now 2 years later that he actually still came out on top even after everything.

Congrats sir. You not only did an absolutely amazing thing for the Bitcoin community, but you also made a savy 1,000 BTC investment and are now sitting on a small fortune. Very happy for you - I think this is probably my favorite bitcoin success story - why? Because it ended up having a good ending even after a huge hacking like bitcoinica - GO Zhou Tong!!!

(roger ver's new bounty site brought me here)

I'm sorry, stupid question how can I use counterwallet for this coin? Never used counterwallet before and it only seems to have BTC/XPC wallets. Thanks for your time and patience. 

PSSH, You and I both know hes an Econermics Genius.

OMG its satoshi nakamoto - I knew news week was wrong!

Ok I went ahead and set the updates on manual so it won't do this again to me. I have tried something new that the Dev told me to do - he said to DL the FT_Prog and try to locate the device and install the driver there. No device was found - So he told me that points to a hardware issue :/ Gosh I hope I get this fixed. This might of just turned into a very expensive desk ornament/paperweight :/ Fuck me. When it rains it pours.

LMFAO - Its my other laptop - ignore that- Sorry. But all the other problems are still valid.