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Topic: Bicoin biggest scam in the early history !!! - page 3. (Read 7860 times)

sr. member
Activity: 406
Merit: 250
February 20, 2014, 08:58:59 AM
#72
Interesting theory that bitcoin is a scam and mining companies use it but it is decentralized currency. Of cause bitcon is volatile but that's not the point to tell that it is scam

its most centralized currency the world has ever seen, by manufacturers mining hardware.
member
Activity: 101
Merit: 10
February 20, 2014, 08:38:46 AM
#71
Interesting theory that bitcoin is a scam and mining companies use it but it is decentralized currency. Of cause bitcon is volatile but that's not the point to tell that it is scam
sr. member
Activity: 406
Merit: 250
February 20, 2014, 08:18:32 AM
#70
You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.

I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.

We need miners otherwise Bitcoin will fail I would say the miners are keeping what the price is today.

mining is impossible, difficulty is 3.1 bilion and for next 8 days +23% !!!

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hero member
Activity: 602
Merit: 500
February 20, 2014, 08:13:20 AM
#69
You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.

I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.

We need miners otherwise Bitcoin will fail I would say the miners are keeping what the price is today.
legendary
Activity: 3766
Merit: 1217
February 20, 2014, 08:09:10 AM
#68
You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.

I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.
sr. member
Activity: 406
Merit: 250
February 20, 2014, 08:04:34 AM
#67
This is sample conversion,  cheap asic chip for much real money.
sr. member
Activity: 406
Merit: 250
February 18, 2014, 12:06:39 PM
#66
Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.  Huh

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalksearch.org/topic/wts-cleaning-all-my-miners-avalonantminer-s1usb-antknc-jumptercointerra-397876

Then stock market is also considered a scam..

Mtgox scam...

Mtgox is big scam of bitcoin world!!!! but its be true..!

producers of mining hardware together with currency exchange MtGox is big scam !
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
February 18, 2014, 12:02:54 PM
#65
Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.  Huh

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalksearch.org/topic/wts-cleaning-all-my-miners-avalonantminer-s1usb-antknc-jumptercointerra-397876

Then stock market is also considered a scam..

Mtgox scam...

Mtgox is big scam of bitcoin world!!!! but its be true..!
sr. member
Activity: 406
Merit: 250
February 18, 2014, 12:00:13 PM
#64
Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.  Huh

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalksearch.org/topic/wts-cleaning-all-my-miners-avalonantminer-s1usb-antknc-jumptercointerra-397876

Then stock market is also considered a scam..

Mtgox scam...
sr. member
Activity: 420
Merit: 250
February 18, 2014, 11:01:38 AM
#63
Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.  Huh

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalksearch.org/topic/wts-cleaning-all-my-miners-avalonantminer-s1usb-antknc-jumptercointerra-397876

Then stock market is also considered a scam..
sr. member
Activity: 406
Merit: 250
February 18, 2014, 07:37:09 AM
#62
You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.
sr. member
Activity: 266
Merit: 250
February 18, 2014, 06:26:42 AM
#61

Impossible to fight with the this.



hehehe


LOL i think biggest scammers are banks.
sr. member
Activity: 308
Merit: 250
February 18, 2014, 06:23:27 AM
#60

Impossible to fight with the this.



hehehe

full member
Activity: 198
Merit: 100
February 17, 2014, 04:29:32 PM
#59
mining is out of the reach of the average joe .
Unless it is a hobby .

sr. member
Activity: 406
Merit: 250
February 17, 2014, 02:27:03 PM
#58
Welcome to new dificulty 3.12 bilion and new mining factor 9 cents/Gh at 24h   Huh

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full member
Activity: 198
Merit: 100
February 08, 2014, 06:12:58 AM
#57
Welcome to new difficulty 1.78 bilion, the next change is for about 10 days + 25-35 %  Huh

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The constant from all this is a Block reward every 10 minutes of currently 25 BTC.
This is the first, honest, self regulating invention ever .

Wow! x2
The increase in hashrate is stunning, and to have a "honest, self regulating invention" is pretty good too.  Smiley

Who would have dreamed printing money would be so popular Huh  hehe.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
February 08, 2014, 03:20:49 AM
#56
Welcome to new difficulty 1.78 bilion, the next change is for about 10 days + 25-35 %  Huh

View Screen Capture



The constant from all this is a Block reward every 10 minutes of currently 25 BTC.
This is the first, honest, self regulating invention ever .

Wow! x2
The increase in hashrate is stunning, and to have a "honest, self regulating invention" is pretty good too.  Smiley
member
Activity: 112
Merit: 10
February 06, 2014, 08:19:05 PM
#55
BTC quickly losing popularity.

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What I believe these graphs are showing is the sentiment on a very short timeframe ,but longer term I believe some of the reasons are :

One main reason buyer interest was lower during December and January was the chinese announcements forbidding 3rd party payment processors from working with bitcoin exchanges ,the deadline 31st january ,so large investors are reluctanct to enter the market till after this deadline .

Second ,news that the FED are holding a very large quantity of bitcoins from the silk road closure ,until large investor know with some certainty how these will be liquidated they will stay on the sidelines .

I believe these below reasons are possibly reflected in your timeframe .
We have recently heard of MR Shrem being arrested for alleged money laundering adding further uncertainty.
We have also seen speculation recently that MTgot has issues leading to yet further uncertainty .

Until we see more certainty with the above issues new large finacial investors on the scale of Fidelity are going to be wary of investing ,these types of institutions are what will drive price higher .

My personal opinion is to buy a bit more bitcoin on bad news and reap the rewards later ,the only news you should sell on, is that there is a flaw in the bitcoin protocol ,all other bad news is an opportunity to lower your dollar cost average to maximise gains .

It would be interesting to know which exchanges or what individual exchange you gathered this data from ,we know to disregard gox since you can only buy coins there ,so bitstanp,BTC-e or perhaps some others may be a better reflection .

+1
full member
Activity: 198
Merit: 100
February 06, 2014, 04:54:34 PM
#54
BTC quickly losing popularity.

View Screen Capture

View Screen Capture

What I believe these graphs are showing is the sentiment on a very short timeframe ,but longer term I believe some of the reasons are :

One main reason buyer interest was lower during December and January was the chinese announcements forbidding 3rd party payment processors from working with bitcoin exchanges ,the deadline 31st january ,so large investors are reluctanct to enter the market till after this deadline .

Second ,news that the FED are holding a very large quantity of bitcoins from the silk road closure ,until large investor know with some certainty how these will be liquidated they will stay on the sidelines .

I believe these below reasons are possibly reflected in your timeframe .
We have recently heard of MR Shrem being arrested for alleged money laundering adding further uncertainty.
We have also seen speculation recently that MTgot has issues leading to yet further uncertainty .

Until we see more certainty with the above issues new large finacial investors on the scale of Fidelity are going to be wary of investing ,these types of institutions are what will drive price higher .

My personal opinion is to buy a bit more bitcoin on bad news and reap the rewards later ,the only news you should sell on, is that there is a flaw in the bitcoin protocol ,all other bad news is an opportunity to lower your dollar cost average to maximise gains .

It would be interesting to know which exchanges or what individual exchange you gathered this data from ,we know to disregard gox since you can only buy coins there ,so bitstanp,BTC-e or perhaps some others may be a better reflection .
sr. member
Activity: 406
Merit: 250
February 06, 2014, 09:31:30 AM
#53
BTC quickly losing popularity.

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