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Bitcoin technical analysis

  • #281
  • Dec 2, 2013 8:50pm Dec 2, 2013 8:50pm
Quoting venzen
{quote} hi rexxen and welcome! I am not sure what the best source to buy Litecoin is - having never dealt with it. I see Coins-E offer it but there is some risk that your fiat deposit to Coins-E may be delayed (or never arrive) as per the reddit post i linked. Maybe some googling can uncover a reliable source.

This people trade litecoins but I don't know them, never trade litecoins either.......

https://www.cryptsy.com/
The Chonchy
  • #282
  • Dec 3, 2013 1:14am Dec 3, 2013 1:14am
Inserted Video
The Chonchy
  • #283
  • Dec 3, 2013 2:18am Dec 3, 2013 2:18am
Quoting rexxen
Hi I'm new to the thread, has anyone traded Litecoin? Ive read a little about it, but seems everyone is talking about Bitcoin these days. Does anyone have a legitamate source to buy Litecoin? Cheers REX
You can buy it on justcoin.com, but you first ned to get some btc to buy ltc, which you can do on that site as well.

-s-
BTC FTW
  • #284
  • Dec 3, 2013 3:35am Dec 3, 2013 3:35am
news from China (important because Chinese Bitcoin transactions account for ~1/3 of the market):

China’s largest Bitcoin exchange seeks recognition for currency
http://www.todayonline.com/tech/chin...ition-currency

and, a mainstream view from some smart alec called 'Joe' Weisenthal:
http://www.businessinsider.com/im-ch...n-2013-12?op=1

first he said it had 'no intrinsic value' then when it rose to $260 he said 'Bitcoin is a joke' and now that it's holding above $1000 he says 'I've changed my mind about Bitcoin'. Poor writing in an off-hand style basically saying Bitcoin does have intrinsic value if you want to buy weed on the internet or get your Yuan out of the grasp of the Chinese Communist machine. He concludes that Chinese authorities will crack down with regulation and Bitcoin will never be a currency and fade away as a speculative tool at a fraction of its former value. He might be right, but chances are he'll have to write another shoulder-shrugging article in a few years saying that some things just defy explanation. He didn't get it before, he's still not getting it. He won't get it - because he has prostituted himself to regurgitating cliche'd consensus commentary on anything he apprehends.

One can perceive something without comprehending it.
cryptocurrency everytime
  • #285
  • Dec 3, 2013 3:52am Dec 3, 2013 3:52am
Quoting venzen
news from China (important because Chinese Bitcoin transactions account for ~1/3 of the market): China’s largest Bitcoin exchange seeks recognition for currency http://www.todayonline.com/tech/chin...ition-currency and, a mainstream view from some smart alec called 'Joe' Weisenthal: http://www.businessinsider.com/im-ch...n-2013-12?op=1 first he said it had 'no intrinsic value' then when it rose to $260 he said 'Bitcoin is a joke' and now that it's holding above $1000...

I think prostitute is the rite word.......good article about china....venzen thanks.......did you see my PM?
The Chonchy
  • #286
  • Dec 3, 2013 4:02am Dec 3, 2013 4:02am
Quoting chonchy
{quote} I think prostitute is the rite word.......good article about china....venzen thanks.......did you see my PM?

i saw it and responded
cryptocurrency everytime
  • #287
  • Dec 3, 2013 4:10am Dec 3, 2013 4:10am
i just ran

Inserted Code
$ du -hs  ~/.bitcoin/blocks

while updating my Bitcoin QT client and the blockchain is 13Gb in size !

what is the size going to be in a year (or 5 years) from now? The devs are going to have to rethink the architecture of the public journal because that is a lot of wasted replication across the network.
cryptocurrency everytime
  • #288
  • Dec 3, 2013 5:59am Dec 3, 2013 5:59am
Quoting venzen
i just ran $ du -hs ~/.bitcoin/blocks while updating my Bitcoin QT client and the blockchain is 13Gb in size ! what is the size going to be in a year (or 5 years) from now? The devs are going to have to rethink the architecture of the public journal because that is a lot of wasted replication across the network.
As I understands it, you dont need to have the whole blockchain locally. BitCoin is not flawless from a design perspective. Emunie is another project that tries to solve *coins design problems. I'm not sure if it will succeed, but the concept is interesting.

My bet is that it will be other coins that we use for everyday transactions, like LiteCoin, primecoin. BitCoin will be more of a store of value such as gold.

http://hereisthecity.com/en-gb/2013/...y-investments/ List of candiates.

I am myself mining protoshare, a bit of a new concept, but based on same source code.

-s-
BTC FTW
  • #289
  • Dec 3, 2013 6:31am Dec 3, 2013 6:31am
Can someone teach me how to mine bitcoin?
  • #290
  • Dec 3, 2013 6:35am Dec 3, 2013 6:35am
Quoting MrketSniper
Can someone teach me how to mine bitcoin?

Start here: http://www.bitcoinmining.com/
Check your pools out carefully.
  • #291
  • Dec 3, 2013 6:38am Dec 3, 2013 6:38am
Quoting Fx_Genius
{quote} Start here: http://www.bitcoinmining.com/ Check your pools out carefully.
Yeah I understand that. But I have no experience with coding or how to get a mining software.
  • #292
  • Dec 3, 2013 6:49am Dec 3, 2013 6:49am
Quoting MrketSniper
{quote} Yeah I understand that. But I have no experience with coding or how to get a mining software.

The go here for easy to use software http://50miner.org/
Do you have the hardware to mine?
  • #293
  • Dec 3, 2013 9:19am Dec 3, 2013 9:19am
now it's also getting more about business and even trading than hardware itself - http://cex.io - hardware and mining is getting sort of old skool these days
  • #294
  • Dec 4, 2013 12:32am Dec 4, 2013 12:32am
Quoting ciekaf
now it's also getting more about business and even trading than hardware itself - http://cex.io - hardware and mining is getting sort of old skool these days
..........Yes buy hash instead........ https://cex.io/r/1/chonchy/0/ I refer you.......
The Chonchy
  • #295
  • Dec 4, 2013 12:39am Dec 4, 2013 12:39am
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donate if you like my posts.......16HFaBXxWcT9QCG3ZZYPo9Dt6gnFuuZuWA
The Chonchy
  • #296
  • Dec 4, 2013 12:45am Dec 4, 2013 12:45am
My advice is that stay away from Bitcone, it totally just a political game.
Face both Win and Lose bravely
  • #297
  • Dec 4, 2013 4:47am Dec 4, 2013 4:47am
Quoting Cowboy11
My advice is that stay away from Bitcone, it totally just a political game.
Thanks for the advice, will for sure stay away from Bitcone, lal

-s-
BTC FTW
  • #298
  • Dec 4, 2013 5:00am Dec 4, 2013 5:00am
Quoting Cowboy11
My advice is that stay away from Bitcone, it totally just a political game.

.......But let me tell you bitcone could be a great crypto currency one day......I heard good things about her......
The Chonchy
  • #299
  • Dec 4, 2013 5:15am Dec 4, 2013 5:15am
Quoting smartypants
{quote} Thanks for the advice, will for sure stay away from Bitcone, lal -s-

.........Just as he mention the political repercussions could be astronomical, since is a very political currency, totally different from bitcoin that is non political, as gold.....

.......Talking about gold, I wonder where is going and why so low, is it maybe that people are getting in bitcoin?

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The Chonchy
  • #300
  • Dec 4, 2013 5:22am Dec 4, 2013 5:22am
......Is probably that the crisis is over because silver is also going down.....

......Like my good old friend George Soros used to say, buy when there is blood on the streets and sale at the sound of the trumpets........

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The Chonchy
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