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Bitcoins

Discussion in 'General Chat' started by helloworld, Nov 18, 2013.

  1. findtim

    findtim Membership: VIP

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    st kilda primary just called, you haven't handed in your homework.
     
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  2. DnEbook

    DnEbook Membership: VIP

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    Don't hold your breath on that one...
     
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  3. Scott7

    Scott7 Membership: Trader

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    Any update on this? Thanks. :)
     
  4. Callum

    Callum Membership: Community

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    Looks like Bitcoins are going to be slowing down due to the recent news in China in regards to Cryptocurrencies.

    Have been putting some skin into Ripple recently which looks good! :)
     
  5. findtim

    findtim Membership: VIP

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    speaking as a non investor, i think china's action will actually boost the coin !
    you will get the FU surge
    now that the currency is so high i think you will get a black market happening, real money for crypto, thus the countries that can spend bitcoin will somehow get around the processes and hand over real cash at a lower price to people in countries that can't spend crypto
    ------story--------
    in 1991 i was in malawi, africa, the exchange rate for USD was 6 - 1, but we could get 21-1 almost anywhere, shops owned by white ex pats and indians, the value of hard currency was worth far more then the "crypto" malawi currency.

    when i was in uganda i cashed $10 USD, the pile of $50 uganda notes was one stack @ 10cm's high.
    the next week i cashed another $10 USD, the best way to describe it is " if i put it into an empty vb carton i would not have fitted it all in "
    ------------------

    just an uneducated prediction !

    tim
     
  6. Scott7

    Scott7 Membership: Trader

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  7. findtim

    findtim Membership: VIP

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    wow !
    how progressive and they didn't need a plebiscite to decide that :p

    tim
     
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  8. Scott7

    Scott7 Membership: Trader

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    John Colascione has used NameBio to compile a list of the top 100 publicly reported domain name sales with the exact word 'Bitcoin' in the URL. You can take a look at it here.
     
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  9. Scott7

    Scott7 Membership: Trader

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    John has followed this up with a post listing the top 300+ Cryptocurrency related domain name sales. Here they are.
     
  10. Scott7

    Scott7 Membership: Trader

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    It's taken some time, but the mainstream Bitcoin media (aka coindesk) has finally caught wind of the next Bitcoin hard fork, Bitcoin Gold, also known as Bgold. It is a friendly fork, as they are promoting themselves as an altcoin, unlike the previous unfriendly fork, Bitcoin Cash (Bcash), that was set up to try and replace Bitcoin.

    As was the case with Bcash, if you hold Bitcoin (outside of an exchange) on the 25th of October, you will receive the equivalent number of Bgold on the 1st of November. What the price will start at is anybody's guess, however, it will give you some free crypto that you can then exchange for more Bitcoin if you're looking to increase your holdings.

    You can keep up to date with the latest on the Bgold fork at Bgold Twitter feed & Bgold Official Website
     
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  11. helloworld

    helloworld Membership: VIP

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    I really don't understand this shit. What does it mean ", if you hold Bitcoin (outside of an exchange) on the 25th of October, you will receive the equivalent number of Bgold on the 1st of November"

    So if you have btc on a hard drive somewhere?
     
  12. Scott7

    Scott7 Membership: Trader

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    Basically, if control the private key for your Bitcoin (i.e. don't have it at an exchange, such as, Coinbase, Coinjar etc), you will get the same number of Bgold for free, which is what also happened with the release of Bcash. Some exchanges may support Bgold, so you may still get it, but this can't be guaranteed. ACX.io, for example, did support Bcash, but this was not the case with all exchanges.

    This article gives a good rundown of the various options for Bitcoin storage.
     
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  13. Scott7

    Scott7 Membership: Trader

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    Price has just crossed 7k AUD for the first time. Current price at acx.io is 7,033.35 AUD.
     
  14. findtim

    findtim Membership: VIP

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    it was on the abc news this morning topping $5k USD, apparently some guy in germany has sold his house, car and moved his family into a caravan and bought bitcoins..... he's bet the farm !

    tim
     
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  15. Scott7

    Scott7 Membership: Trader

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    Bitcoin technical chart analyst, Tone Vays, who has made some accurate predictions about Bitcoin in the past has had some very interesting things to say recently. He says that no matter how high Bitcoin goes on this bull run, it will retest 5,000 USD. In addition to this, Bitcoin has never retested 1,350 USD and so even if the price goes to 10,000 USD, it could still retrace to that level. It's then that things would get really ugly.
     
  16. Scott.L

    Scott.L Membership: Trader

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    Tell him He's dreaming.
     
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  17. Scott7

    Scott7 Membership: Trader

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    You too are a man who knows the charts, Scott. I'd be interested to hear your analysis of recent trends and what you see going forward.
     
  18. DnEbook

    DnEbook Membership: VIP

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  19. Scott7

    Scott7 Membership: Trader

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  20. Scott.L

    Scott.L Membership: Trader

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    Finally Usable Crypto Karma - Don't be shy, this Crypto-currency is for everyone.

     
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