BITCON... WHY its totally FLAWED

Discussion in 'Digital Currencies' started by 1for1, Aug 6, 2012.

  1. Noppy

    Noppy New Member

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    ltcmine.ru pool has put on over 200MH/s since the 26th of March. Looks like we have just been at the start of a large switch.
     
  2. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Up to $1.58 per LtC now.

    You know those times, where you wish you had jumped onto something just a few days earlier?

    How far will this go I wonder? And is it worth buying more at this price?
     
  3. Noppy

    Noppy New Member

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    Keep talking about it, helps the price. Touched $1.75 if i read the graph right. Taking a couple of backward steps now
     
  4. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Back to $1.72 from that little dip.

    Seems the best way to accumulate more is to trade those dips... although never know if it's just going to plummet and this is just someones idea of a bit of fun lol
     
  5. Fykus

    Fykus Member Silver Stacker

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    so much for my chance to buy litecoins. probably better off i guess.

    also that bitcoin chart looks like an example of exponential growth.
     
  6. hawkeye

    hawkeye New Member Silver Stacker

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    Yep, I've decided against buying any ltc at this point. Under a dollar it looked good but now I'm not so sure. I'll stick with my hold strategy on Bitcoins for now. And maybe slowly accumulate more, depending on the price.
     
  7. Dynoman

    Dynoman Active Member

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    When you think about it cryptocurrencies are like some recently dicovered element that exibits magical properties. Its virtually gone from the lab stage to mainstream in just a few weeks & probably just a trickle to what's coming soon. Perhaps Max Keiser is right & Bitcoin is the new global currency? A few weeks ago I wouldn't have believed it. Now I'm seriously starting to wonder. Fear is piling the Euro into it, Cyprus the touchpaper, no trust in the Banks & so it looks as though the sky's the limit on this one.
     
  8. hiho

    hiho Active Member Silver Stacker

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    bitcoins are a great hedge against metals atm
     
  9. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    As someone mentioned previously.

    This is what we expected from Gold and Silver, not from a virtual currency.

    The world gone mad I say....
     
  10. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    On the plus side - profits from this will be poured into metals
     
  11. 1for1

    1for1 Well-Known Member

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    That was a sweet sweet long weekend of trading.. man im in a good mood today.. metals were getting me perma-depressed.. loving the speed ratio trading..

    RE: new one world currency.. dude.. this stuff is on a roll.. many have seriously underestimated crytocurrency.. like me for the first 2 weeks! Well at least i got in in mid 2012

    1for1
     
  12. Fykus

    Fykus Member Silver Stacker

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    crypto currencies are all well and good for a world currency standard but whatd happen if some sort of event caused power outages world wide and all the data re: crypto currencies got lost?
     
  13. Noppy

    Noppy New Member

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    The world can go mad for when as long as these keep paying my household expenses.

    I have done alright trading RM work is slowing me down turned my 1 bitcoin into 1.5 and bitcoin has also gone up $10 in this time.
     
  14. Noppy

    Noppy New Member

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    Man somethings gone on hope it is just the connection to the server and not my rig(which the pool hashrate would indicate). You down RM?
     
  15. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Damn good son.

    I just conceded I am bad at trading - so resorting to the buy/hold method.

    Every time I did something, it did the opposite of what I thought it would.
     
  16. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    I can't ever remember my password for ltcmine.ru - or it just never works so can't check from work.
     
  17. Noppy

    Noppy New Member

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    Man so good when it gets near to who dollar values sold at 1.959 bought back at 1.875.
     
  18. rbaggio

    rbaggio Active Member Silver Stacker

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    lol, just stumbled onto this:

    https://btcjam.com/

     
  19. Fykus

    Fykus Member Silver Stacker

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    good lord
     
  20. 1for1

    1for1 Well-Known Member

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    I'm thinking about taking a position in 500 or so name coin.. Just so I can trade 3 for better options in the taxes.. Anyone got knowledge about name coin ?
     

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