- Mar 25, 2003
- 35,681
- 28,334
Another rebound. Back up about $700. Peercoins doing very well on the rebound. Up 50% in a day.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Just started mining Peercoins. Yipee =)
Can you update us on how this is going and how you are doing it? I noticed you're also mining dgecoins. On a forums, a guy said people should be mining primecoinds as well.
I'm still doing my research. Any help would be appreciated.
Cool, thanks for info. Had a bit more of a research session last night and it's hard to find one spot that answers all the questions. You answered a number of simple questions I had, whilst confirming some other stuff I'd learnt.info
I'm only still learning myself, but if you need any help feel free to ask. I was doing BTC early last year, but stopped for some reason. Really wish I got serious with that one haha. Sorry if none of this makes sense, I'm hungover as hell!! Do you have a graphics card?
*****HAHA I can't believe it. I ordered this graphics card on Wednesday, and I was seriously hoping it would be here on Friday (got express postage). Didn't arrive. Here I am still half drunk from last night on a Sunday morning and get a bang on the front door. It's the bloody postman with my card while I'm halfway through writing this post! Good times. I'll set it up now and start mining. Will tell you how it goes compared to the CPU mining.
Perth guy has put a 1.4million house on the market that can only be purcashed in BTCs
Genius or mad? Obviously has a lot of faith in the currency
http://www.heraldsun.com.au/news/na...currency-bitcoin/story-fnii5thm-1226788071548
Well being a poker player you would understand risk v reward. Bitcoin has overcome some pretty major setbacks and bounced back every time so far. For each their own i guess.
Another negative story from China, another rush of panic selling. Reality is that the Chinese love bitcoin, and will still find a way to acquire them, just the way they still access google, youtube and facebook (all banned in China) from external servers. As mentioned earlier, the true worth of bitcoin is the way that it constantly rebounds from such hiccups. For a currency/commodity still in its infancy, it will fall over a couple of times, but will get back up and eventually walk and then run. I bought again last night, as this may be the last time we see prices that low.
Purchased another 1.1BTC yesterday after a strong week of steady growth. Holdings are now 2.25BTC which is currently worth ~US$2200.
i don't think bitcoin can be correctly considered a currency yet. as far as i can tell, and especially given the recent epic swongs, no-one is actually using it purchase goods & services.
could be money in offering insurance on the btc/usd price for vendors using btc pricing. although i'm sure ppl are already doing this.
http://kottke.org/13/12/is-bitcoin-a-speculative-bubble
It's a long way from being a currency. Its built in deflation prevents it from ever being a worthwhile currency.
Those figures are far from accurate, and whoever wrote that article obviously has a vested interest. BitPay alone processed over $100,000,000 US in 2013, with more than 15,500 merchants now accepting Bitcoin as payment, with over 30% coming in the last quarter. To each their own i guess.
It's sort of a Catch-22. In order for cryptocurrency to have a stable value it needs to be primarily used as a means of exchange, but as long as its value is so volatile it is not much use as a means of exchange.
That's what makes me think that Bitcoin perhaps isn't the answer. Maybe it will take a bubble and a crash to drive all these speculators out of the market. Then the next generation product can come along, maybe fix some of the deflationary problems, and slowly build up a solid basis as a universal currency without all the distortion that is currently going on.
I dunno. All just guesswork, I need to read more on this topic.