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 Bitcoin Thread v1, and other cryptocurrencies

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aminpro
post Dec 6 2013, 02:04 AM

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Ayam now mining with 7000Khps. Only get like 1 sen per day. Who long will I be rich?
ar188
post Dec 6 2013, 02:08 AM

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QUOTE
The game just changed.

Bitcoin, the bizarre electronic currency that seemingly came out of nowhere and has been taking over financial market headlines, is now being covered by one of the biggest firms on Wall Street.

"We believe Bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers," wrote Bank of America currency strategist David Woo in a 14-page note to clients this morning. "As a medium of exchange, Bitcoin has clear potential for growth, in our view."

This extremely volatile "cryptocurrency" crashed from $1,240 to a low of $870 this morning after the People's Bank of China announced Bitcoin coin handling restrictions for its country's banks.

Wall Street's coverage of Bitcoin seemed inevitable considering the amount of money moving in and out of it.

Here's more from Woo:

Store of wealth for the underground economy?
It has been reported that Bitcoin may help users avoid high taxes, capital controls, and confiscation. The correlation between CNY's share of volume of all Bitcoin exchanges and price of Bitcoin is high and rising (Chart 1). That said, the fact that all Bitcoin transactions are publically available and that every Bitcoin has a unique transaction history that cannot be altered may ultimately limit its use in the black market/underworld.

"Is Bitcoin a bubble?" asked Woo. "Assuming Bitcoin becomes (1) a major player in both e- commerce and money transfer and (2) a significant store of value with a reputation close to silver, our fair value analysis implies a maximum market capitalization of Bitcoin of $15bn (1BTC = 1300 USD). This suggests that the 100 fold increase in Bitcoin prices this year is at risk of running ahead of its fundamentals."



TScloudstrife07
post Dec 6 2013, 02:22 AM

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QUOTE(ar188 @ Dec 6 2013, 02:08 AM)

*
wah macam manyak bahaya sweat.gif
shykull
post Dec 6 2013, 08:02 AM

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making money from the mini crash tongue.gif
ar188
post Dec 6 2013, 09:34 AM

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QUOTE(cloudstrife07 @ Dec 6 2013, 02:22 AM)
wah macam manyak bahaya  sweat.gif
*
ok it means, btc got fair value of over usd1000.. biggrin.gif
WhatMan
post Dec 6 2013, 11:47 AM

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Quote "BitCoins - the Tulip Bulbs of the 21st century"
TScloudstrife07
post Dec 6 2013, 11:50 AM

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QUOTE(WhatMan @ Dec 6 2013, 11:47 AM)
Quote "BitCoins - the Tulip Bulbs of the 21st century"
*
biggrin.gif thumbup.gif notworthy.gif
noobandroid
post Dec 6 2013, 08:21 PM

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i'm mining on bitminter channel, just started, using EAH6850 to mine slowly, 0.2ghps

This post has been edited by noobandroid: Dec 6 2013, 08:22 PM
41LY45
post Dec 6 2013, 09:03 PM

Flipping out..
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Sila derma demi kemajuan umat melayu

1Me1ayuWMY9QEWTLT74XXpFXsv2E7kd9FB


laugh.gif
noobandroid
post Dec 6 2013, 09:48 PM

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my btc is like kosong now, takes time
user posted image

ayam sad

tolong tolong a bit
17Q3hooH67G6veG295YHKcnhbejPET4br8

This post has been edited by noobandroid: Dec 6 2013, 09:49 PM
sohaix
post Dec 7 2013, 02:24 AM

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people giving away free bitcoin here

Link
terradrive
post Dec 7 2013, 10:03 AM

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QUOTE(noobandroid @ Dec 6 2013, 08:21 PM)
i'm mining on bitminter channel, just started, using EAH6850 to mine slowly, 0.2ghps
*
Mining on GPU is a waste of electricity now. Unless you just want to feel of owning little BTCs heh
asyraff88kmp
post Dec 7 2013, 10:26 AM

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tudai ramai mai thread ni mintak derma
marfccy
post Dec 7 2013, 10:31 AM

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why all mine Bitcoin?

no love for Litecoin?

my friend claim he earning USD12 per full day mining hmm.gif
asyraff88kmp
post Dec 7 2013, 10:43 AM

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ada pon 1 ltc coin je

simpan je la
TScloudstrife07
post Dec 7 2013, 11:29 AM

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QUOTE(marfccy @ Dec 7 2013, 10:31 AM)
why all mine Bitcoin?

no love for Litecoin?

my friend claim he earning USD12 per full day mining hmm.gif
*
Not anymore now. See the price.
ar188
post Dec 7 2013, 11:31 AM

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QUOTE(cloudstrife07 @ Dec 7 2013, 11:29 AM)
Not anymore now. See the price.
*
ltc pun jatuh.. sweat.gif



ar188
post Dec 7 2013, 11:32 AM

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QUOTE
my friend claim he earning USD12 per full day mining


as for this fella's comment.. it depends on rig.. if you got 6x 280x then you get more..
rhoyo
post Dec 7 2013, 11:34 AM

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i have question i already install bitcoin .. how to setup the wallet thingy . do i need a paypal account or use CIMB account or else

total noob lolz
TScloudstrife07
post Dec 7 2013, 12:10 PM

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QUOTE(rhoyo @ Dec 7 2013, 11:34 AM)
i have question i already install bitcoin .. how to setup the wallet thingy . do i need a paypal account or use CIMB account or else

total noob lolz
*
nope you don't. a wallet is just a place/software to store your bitcoins.

If you're using the original bitcoin wallet, your wallet address is the one in the 'Receive' tab. you can create many addresses for different things or for easier tracking e.g 1 for trading, 1 for online exchange, 1 just from friends. smile.gif

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