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 Bitcoin Thread v1, and other cryptocurrencies

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SUSfuzzy
post Jan 21 2014, 11:45 AM

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Anyone mining dogecoins? Value is slowly rising biggrin.gif
SUSfuzzy
post Jan 21 2014, 12:33 PM

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QUOTE(terradrive @ Jan 21 2014, 12:11 PM)
the value increased 800% already, slowly? lel
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Naik +166.64 % since last night I think.
SUSfuzzy
post Jan 21 2014, 02:10 PM

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QUOTE(terradrive @ Jan 21 2014, 01:50 PM)
I meant the rise since dogecoin hit the lowest of 25 satoshi about 2 weeks ago, now it's at 240 satoshi. That's crazy bubble
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I also have no idea what is going on.. I only mined it to learn because bitcoin was too hard already.. blush.gif
SUSfuzzy
post Jan 23 2014, 10:14 AM

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QUOTE(terradrive @ Jan 23 2014, 10:12 AM)
I hentam made this using ms paint LEL

user posted image
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Come join us fellow shibes! rclxms.gif
SUSfuzzy
post Jan 23 2014, 12:15 PM

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QUOTE(whyteaz @ Jan 23 2014, 10:19 AM)
difficulty sky rocket with the price very hard to mine doge compare to last week
T^T
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Wait until Feb 14, then you will cry.gif
SUSfuzzy
post Jan 23 2014, 01:33 PM

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QUOTE(whyteaz @ Jan 23 2014, 12:45 PM)
difficulty is dropping, so does the price
lucky i sell it at .0000023 tongue.gif ytd
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It's dropping because wolong started to dump some of his coins. biggrin.gif


SUSfuzzy
post Jan 23 2014, 06:21 PM

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QUOTE(whyteaz @ Jan 23 2014, 03:19 PM)
not bad, not bad, do u think doge will raise again? i sell off all my doge ytd
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Should have hold on tongue.gif

QUOTE(terradrive @ Jan 23 2014, 03:28 PM)
Long term definitely, because of the fact that many people uses it for trading unlike other alt coins, then there's block halving. But this is for after half a year or a year like that.

shirt term probably will drop or maintain at some new level. Now stable at 180 sat for sometime
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dogecoin's block halving is next month smile.gif
SUSfuzzy
post Jan 23 2014, 07:48 PM

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QUOTE(terradrive @ Jan 23 2014, 07:07 PM)
But the price won't just sharply increase. The price probably will stay the same or increases a little.
When the price stay the same and the production of dogecoins are halved, profits per day for the miner is halved. Then he will go and find another more profitable alt coins to mine and then the hashrate of dogecoin network drops. As a result, the difficulties lowers and the profits per day increases again until it reaches some equilibrium with other alt coins.

All this can happen with the price of the coin stays the same.

The thing that will drive up the value of the coin is very long term block halving, media exposure, and people actually uses the dogecoins to trade for things. Who knows if in the future that dogecoin will be a robust option that it's be the bronze of bitcoin's gold and litecoin's silver. So far this dogecoin has been performing spectacularly.
By the way since bitcoin difficulty risen so high now, anybody got lobang to get cheap USB block eruptors? Even if mining at a loss, it's nice to contribute a little on bitcoin's network security and prevent the big mining players from controlling the network hashrate even if it's just a little.
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It won't go up sharply la. The thing that will help it rise is the legitimacy of the currency.
SUSfuzzy
post Jan 24 2014, 05:08 PM

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QUOTE(whyteaz @ Jan 24 2014, 01:55 AM)
still gain, even if i use back my bitcoin to exchange dogecoin i still gain since it dropped tongue.gif
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grats! rclxms.gif thumbup.gif
SUSfuzzy
post Feb 7 2014, 08:05 PM

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QUOTE(bl@ze @ Feb 7 2014, 05:06 PM)
Haha yea watching the crash right now..im more of a doge guy though so by nature I'm positive it'll bounce back  tongue.gif
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I'm a doge guy as well. Someone said it best, BTC is gold, LTC is silver, DGC is dollar tongue.gif
SUSfuzzy
post Feb 10 2014, 06:47 PM

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QUOTE(LiSheng95 @ Feb 10 2014, 06:30 PM)
may i ask how to you buy dogecoin?
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Same as how you buy bitcoins smile.gif

There are plenty of sites out there selling it these days. Depending on what you believe, people as saying stock up now before the halving as it is expected to rise after that happens.
SUSfuzzy
post Feb 12 2014, 08:20 PM

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QUOTE(win44 @ Feb 12 2014, 03:50 PM)
Anyone affected greatly by the Bitcoin drop?
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I am. My dogecoins have risen in value because of it vmad.gif

 

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