Kiopa, is op_return for storing data reliable / easy to do programmatically now? Internet resources on this are all over the place, figured you might know.
It's getting ugly real quick.
:laughing-smiley-007 this is fun. It's now at $219 and may keep going down.FUUUUCK BITCOIN PRICES DROPPING LOADS ALL OVER MY WET SATOSHI CUNT, $225 FUUCKING WHORE!!!:love-smiley-086:
Miners pull the plug
The plummeting price of bitcoin has had ripple effects throughout the bitcoin economy. While traders may be scrambling to top-up their margin accounts or to pile on the short swaps, some miners are apparently beginning to find their positions untenable as well.
Cloud mining outfit CEX.io, for one, said it would temporarily suspend mining because the price had fallen too low. Mining difficulty, meanwhile, has plateaued and dipped over the past 30 days, but remains at an all-time high.
"[This is] the result of cloud mining costs exceeding mining profit," CEX.io chief information officer Jeffrey Smith wrote in a blog post announcing the suspension yesterday.
So how far more does the bitcoin price have to drop? As yesterday's Markets Weekly noted, several observers think it could go well below $200, after it has plunged past $250.
Martin Tillier of the Nasdaq's trading blog believes bitcoin's fair value lies somewhere in the $140 region, at a slight premium to the level it was trading at, around $120, before the bull-run in the autumn of 2013.
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Pro-Tip: Sell / invoice in BTC. It makes handling the drops much easier.
Lol... Good thing I know you better than that Blok, or I'd be livid. ;PCan LukeP please make a comment on this, I invested my life savings in BTC because he promised it would be to $1m by now.
LOL!At least there are alternative uses for BTC, like jewelry, electronics, computers, dentistry, etc. Oh, wait a second.
WTF were you holding onto that for?!?? Surely you had heard that you shouldn't invest anything into bitcoin that you can't afford to throw away?We lost $100,000-$150,000 by using bitcoin as the method to take investment on my real estate business. This is just from last year.
Agreed. Hence the $400 Million in VC money spent in the last year to make bitcoin safe and easy to use as a debit card. It'll payoff this year, sometime.Until bitcoin is as easy and safe to use as a credit/debit card it's going to face an uphill battle.
Lol... Good thing I know you better than that Blok, or I'd be livid. ;P
I keep swearing I won't post in these threads anymore; it honestly reminds me now of going to CNN and jumping into a political debate in the comments there... So much disinfo and opinion without and research it makes my head hurt just scanning this bullshit thread.
But I realize I got a few people around here interested, and you're not all total drooling morons, so I might have some teensy weensy responsibility to speak up around here when bitcoin dies for the 30th time.
For the record folks, the price of bitcoin is only important to the traders and investors... Bitcoin itself doesn't work any worse at $1 per coin than it does at $1000.
....And transactions are growing wonderfully, so there's literally no case to argue against bitcoin's growth: https://blockchain.info/charts/n-transactions
Bitcoin's VC investments in 2014 were higher than the entire Internet's VC investments in 1995. Venture Capital Funding for Bitcoin Startups Triples in 2014 In fact there is no other single technology being funded as heavily as bitcoin is right now.
Hint: They don't want it for bitcoin's use as a currency. Get with the fucking program, people!
LOL!
The last time someone tried to convince me that gold had more commodity utility than bitcoin does, I think it was you Charles, right here on this board.
Watch both of these vids and just try tell me afterwards with a straight face that jewelery, conductive metal, and dental ornaments are more useful to civilization.
The real value of bitcoin and crypto currency technology - Bitcoin Properly - YouTube
Longer but SO worth it:
Bitcoin 101 - A Million Killer Apps - Bitcoin's Big Bang of Disruption - Part 1 of 2 - YouTube
WTF were you holding onto that for?!?? Surely you had heard that you shouldn't invest anything into bitcoin that you can't afford to throw away?
Bitcoin isn't even in 1.0 status yet! It's a beta fucking software!!!
Regardless, you'd be the worst kind of moron to sell now. Hodl or lose it all.
Agreed. Hence the $400 Million in VC money spent in the last year to make bitcoin safe and easy to use as a debit card. It'll payoff this year, sometime.
Specifically about safety; multisig wallets and hardware wallets combined are completely hackproof, and available now. You can use GreenAddress.it with a Ledger hardware wallet right now for a total of $39 today to have perfect security, with convenient apps too.
See how you used the word "was," as if bitcoin exists only in the past?It was our/my assumption (And the investors too) that bitcoin would be somewhat more stable than it actually was