(04-22-2014 07:43 PM)JayJuanGee Wrote:  I keep making the mistake of lumping together various alt coins and bitcoin related investments, and I am NOT doing that on purpose. It just gets a little bit confusing for me to keep up with all the various ways to invest in crypto currency projects.. and some of them overlap with others and some relate to bitcoin more than others, that is for sure.

Admittedly I am guilty of that as well.

I'm already in way over my head with Bitcoin and I am so obsessed with its scale and possibilities I have a tendency to dismiss altcoins in general.

It is very hard to keep track of what is real and what is not in this crypto world.

(04-22-2014 07:02 PM)Satoshi Wrote:  IMO Bitcoin is one of the safest investments there is right now, what else to put the money in? Some stock stable stock that might give a small steady return every year. Or some risky stock that might fail. Or keep the money in fiat witch every day loses it's value since the paper prints just keep going. The only better investment I might see is metals as gold and silver. Now I'm not an economical expert or anything, but that's just my opinion.

http://blog.oleganza.com/post/6787277234...n-and-gold

this guy makes a pretty compelling point about how Bitcoin will eventually kill the value of gold.

I tend to agree with him. Understandably, many people are waiting for this killer app for Bitcoin that will propel its adoption worldwide. I always felt like the bitcoins themselves are the killer app. At ground level, Bitcoin is digital gold and once people understand this and accept that traditional concepts of money and store of value are outdated, Bitcoin will be accepted as the scarce resource that it is.

(04-22-2014 07:55 PM)brg444 Wrote:  

(04-22-2014 07:43 PM)JayJuanGee Wrote:  I keep making the mistake of lumping together various alt coins and bitcoin related investments, and I am NOT doing that on purpose. It just gets a little bit confusing for me to keep up with all the various ways to invest in crypto currency projects.. and some of them overlap with others and some relate to bitcoin more than others, that is for sure.

Admittedly I am guilty of that as well.

I'm already in way over my head with Bitcoin and I am so obsessed with its scale and possibilities I have a tendency to dismiss altcoins in general.

It is very hard to keep track of what is real and what is not in this crypto world.

Yes. Each of us come to this crypto-currency matter from different perspectives, and hopefully, the longer that we are involved and/or invested in bitcoin (or related crypto projects), the better we will get at articulating our assessments and separating the FUD from the NON-FUD.

Though I think that any of us can get tricked about whether a project or a coin is a pump and dump or NOT, and realizing our own ability to be tricked should help us to empathize with regular lay people who have had even less exposure than us to bitcoin and/or various crypto currency projects.

(04-22-2014 07:40 PM)shanked Wrote:  So I bought in early 1hr30min after launch but not sure how to view the coins yet. Do I need to know my private key? :/

I am confident this is not a scam even though they really fucked up with the mastercoins causing them to be pumped and dumped within a few hours when they changed the rules and wouldn't receive them anymore. Either this was planned and they made a shitload of money of this or they are stupid for overlooking the discount you get when you buy with mastercoin.

You can check your balance at
https://masterchest.info/ and
https://test.omniwallet.org/
Yes you do need to know your private key to be able to send them anywhere. If you don't I don't know what to do. Maybe you could get them from your wallet provider or something... If you had it sent to coinbase for example. If you bought with BTC there will also take about 24h for it to show in the wallet according to the website.

(04-22-2014 08:02 PM)brg444 Wrote:  I tend to agree with him. Understandably, many people are waiting for this killer app for Bitcoin that will propel its adoption worldwide. I always felt like the bitcoins themselves are the killer app. At ground level, Bitcoin is digital gold and once people understand this and accept that traditional concepts of money and store of value are outdated, Bitcoin will be accepted as the scarce resource that it is.

Yeah.. I don't know how long it will take before we get worldwide adoption. Right now only 2.4billion of 7billion people in the world are using internet. Only 10% of the Iceland population has so far got their auroracoins. Wish is strange because they are still trading at about 0.0014 * 30 = 0.042BTC wish is about $21. Put people are stupid. I told many people about Bitcoin and no one take the time to learn about it. And looking at google trends the only time it gets lots of searches is when there is a rapid increase in price. But it's growing everyday anyway.

Quote:You can check your balance at
https://masterchest.info/ and
https://test.omniwallet.org/
Yes you do need to know your private key to be able to send them anywhere. If you don't I don't know what to do. Maybe you could get them from your wallet provider or something... If you had it sent to coinbase for example. If you bought with BTC there will also take about 24h for it to show in the wallet according to the website.

I bought with bitcoin so it wasn't instant like mastercoin. Can see my coins here though . Had quick look and someone invested 902 bitcoins! Close to $0.5million
https://docs.google.com/spreadsheets/d/1...sp=sharing

So I made a mistake though buying the coins through a different site other than blockchain.info now I have to try and get my private key :/ very confusing.

(04-23-2014 02:08 AM)shanked Wrote:  

Quote:You can check your balance at
https://masterchest.info/ and
https://test.omniwallet.org/
Yes you do need to know your private key to be able to send them anywhere. If you don't I don't know what to do. Maybe you could get them from your wallet provider or something... If you had it sent to coinbase for example. If you bought with BTC there will also take about 24h for it to show in the wallet according to the website.

I bought with bitcoin so it wasn't instant like mastercoin. Can see my coins here though . Had quick look and someone invested 902 bitcoins! Close to $0.5million
https://docs.google.com/spreadsheets/d/1...sp=sharing

So I made a mistake though buying the coins through a different site other than blockchain.info now I have to try and get my private key :/ very confusing.

What service did you use? It says on the buying page that you shouldn't do that but it might be easy to miss. Let us know how it goes... It might be lost.

(04-22-2014 10:24 PM)Satoshi Wrote:  

(04-22-2014 07:40 PM)shanked Wrote:  So I bought in early 1hr30min after launch but not sure how to view the coins yet. Do I need to know my private key? :/

I am confident this is not a scam even though they really fucked up with the mastercoins causing them to be pumped and dumped within a few hours when they changed the rules and wouldn't receive them anymore. Either this was planned and they made a shitload of money of this or they are stupid for overlooking the discount you get when you buy with mastercoin.

You can check your balance at
https://masterchest.info/ and
https://test.omniwallet.org/
Yes you do need to know your private key to be able to send them anywhere. If you don't I don't know what to do. Maybe you could get them from your wallet provider or something... If you had it sent to coinbase for example. If you bought with BTC there will also take about 24h for it to show in the wallet according to the website.

(04-22-2014 08:02 PM)brg444 Wrote:  I tend to agree with him. Understandably, many people are waiting for this killer app for Bitcoin that will propel its adoption worldwide. I always felt like the bitcoins themselves are the killer app. At ground level, Bitcoin is digital gold and once people understand this and accept that traditional concepts of money and store of value are outdated, Bitcoin will be accepted as the scarce resource that it is.

Yeah.. I don't know how long it will take before we get worldwide adoption. Right now only 2.4billion of 7billion people in the world are using internet. Only 10% of the Iceland population has so far got their auroracoins. Wish is strange because they are still trading at about 0.0014 * 30 = 0.042BTC wish is about $21. Put people are stupid. I told many people about Bitcoin and no one take the time to learn about it. And looking at google trends the only time it gets lots of searches is when there is a rapid increase in price. But it's growing everyday anyway.

auroracoin was always never going to work anyway. classic pump & dump

What bitcoin/crypto related sites are people browsing on a daily basis?

I´m browsing reddit.com/r/bitcoin bitcoinity.org/markets and this thread.

Im in Europe/Germany, thanks for the tips about the different exchanges. I will research your suggestions :thumbs up:

(04-23-2014 09:55 AM)brg444 Wrote:  auroracoin was always never going to work anyway. classic pump & dump

The idea is great to get cryptocurrencies in the hands of people. Pump and dump is done my traders. It's a free market and some people maybe thought they were worth $50 each. Was a little hype there for a while...

(04-23-2014 11:43 AM)pants Wrote:  What bitcoin/crypto related sites are people browsing on a daily basis?

I´m browsing reddit.com/r/bitcoin bitcoinity.org/markets and this thread.

I'm in a Skype group and sometimes I take a look in the wallobeserver thread in the speculation forum on bitcointalk if there is price movements. Also doing some other reading on bitcointalk. bitcoinwisdom is almost always open.

(04-24-2014 12:32 AM)Satoshi Wrote:  

(04-23-2014 09:55 AM)brg444 Wrote:  auroracoin was always never going to work anyway. classic pump & dump

The idea is great to get cryptocurrencies in the hands of people. Pump and dump is done my traders. It's a free market and some people maybe thought they were worth $50 each. Was a little hype there for a while...

Personally, I think that the Auroracoin idea was great, if it had NOT been a pump and dump. B/c if they could have pulled it off in a sincere and meaningful way, it could have been simply amazing.

Something like this may be successful in the future, if it is attempted with good intentions, and possibly playing on an infrastructure that is already in place, like a side chain of bitcoin would probably work better, once bitcoin networks are already in place.

(04-24-2014 12:32 AM)Satoshi Wrote:  

(04-23-2014 11:43 AM)pants Wrote:  What bitcoin/crypto related sites are people browsing on a daily basis?

I´m browsing reddit.com/r/bitcoin bitcoinity.org/markets and this thread.

I'm in a Skype group and sometimes I take a look in the wallobeserver thread in the speculation forum on bitcointalk if there is price movements. Also doing some other reading on bitcointalk. bitcoinwisdom is almost always open.

I use the ZeroBlock app on my IPhone that highlights a lot of the reddit bitcoin articles. I also look at several of the threads on bitcointalk.org. If something comes up that is of interest, I will also do a google search of the term to find other current articles or information.

I searched the thread but didn't see any information about this site...
Purse.io

Basically it is a way of buying Bitcoins or selling Bitcoins through Amazon purchases. For example, if I want .1 Bitcoin, I will buy somebody something that cost ~$50 from Amazon and pay with my credit card. After it ships the escrow pays me. Same goes for the reverse, if I want something on Amazon I can pay Bitcoins for it. The interesting part is that people are valuing Bitcoins higher than the current market price. The last 5 transactions value 1 Bitcoin at $543, $698, $752, $525, and $611. (~$625 average) So by converting cash to Bitcoin to Amazon you can get a 20% discount on what you buy.

I haven't tested it so it could be a scam but looks legit.

(04-24-2014 01:47 AM)username Wrote:  I searched the thread but didn't see any information about this site...
Purse.io

Basically it is a way of buying Bitcoins or selling Bitcoins through Amazon purchases. For example, if I want .1 Bitcoin, I will buy somebody something that cost ~$50 from Amazon and pay with my credit card. After it ships the escrow pays me. Same goes for the reverse, if I want something on Amazon I can pay Bitcoins for it. The interesting part is that people are valuing Bitcoins higher than the current market price. The last 5 transactions value 1 Bitcoin at $543, $698, $752, $525, and $611. (~$625 average) So by converting cash to Bitcoin to Amazon you can get a 20% discount on what you buy.

I haven't tested it so it could be a scam but looks legit.

It does look legit, yet it would be good to hear from some guys who may have actually used such service.

The part that seems almost too good to be true is if they are going to give you that much of a higher exchange rate; however, if they are expecting BTC prices to go up, then it may NOT be too unreasonable for them to make the sale at such an exchange rate... b/c it still may be profitable for them.

It seems that once a guy uses the purse.io services, then he would have access to all items on Amazon b/c the purse.io is serving as the intermediary purchasing service and the seller is receiving the dollar value of the sold item.

(04-24-2014 02:07 AM)JayJuanGee Wrote:  

(04-24-2014 01:47 AM)username Wrote:  I searched the thread but didn't see any information about this site...
Purse.io

Basically it is a way of buying Bitcoins or selling Bitcoins through Amazon purchases. For example, if I want .1 Bitcoin, I will buy somebody something that cost ~$50 from Amazon and pay with my credit card. After it ships the escrow pays me. Same goes for the reverse, if I want something on Amazon I can pay Bitcoins for it. The interesting part is that people are valuing Bitcoins higher than the current market price. The last 5 transactions value 1 Bitcoin at $543, $698, $752, $525, and $611. (~$625 average) So by converting cash to Bitcoin to Amazon you can get a 20% discount on what you buy.

I haven't tested it so it could be a scam but looks legit.

It does look legit, yet it would be good to hear from some guys who may have actually used such service.

The part that seems almost too good to be true is if they are going to give you that much of a higher exchange rate; however, if they are expecting BTC prices to go up, then it may NOT be too unreasonable for them to make the sale at such an exchange rate... b/c it still may be profitable for them.

It seems that once a guy uses the purse.io services, then he would have access to all items on Amazon b/c the purse.io is serving as the intermediary purchasing service and the seller is receiving the dollar value of the sold item.

That's smart. Price might be higher since there you can buy BTC using credit card, which is difficult. It's been around since October: https://bitcointalk.org/index.php?topic=307922.0

http://www.coindesk.com/xapo-launches-bi...locations/

This is a huge, huge step.

I expect other major wallet companies to follow with similar announcements

So this is what happened. I invested all my bitcoin into maidsafe through coinspot.com.au but found out the investment needed to be done through a wallet where you had control over your private key. Anyone who was in the same position as me should have got a refund. At the time they were sending the refund there was apparently 600coins left and as it was 1am I was too tired to stay awake for the coins to come back and thinking there would be time to rebuy into it when I woke up.

I checked my btc wallet this morning and the coins are back in but sadly.. the crowd sale has ended. Really fucking sad now that I missed out.

And just checked the price on the exchange I would have increased my investment by over 100% already. Think Im going to buyin now anyway, don't want to one day me shooting myself in the face for missing out on a technicality.

(04-24-2014 06:19 PM)shanked Wrote:  So this is what happened. I invested all my bitcoin into maidsafe through coinspot.com.au but found out the investment needed to be done through a wallet where you had control over your private key. Anyone who was in the same position as me should have got a refund. At the time they were sending the refund there was apparently 600coins left and as it was 1am I was too tired to stay awake for the coins to come back and thinking there would be time to rebuy into it when I woke up.

I checked my btc wallet this morning and the coins are back in but sadly.. the crowd sale has ended. Really fucking sad now that I missed out.

Sorry about that, but surely, it could have been worse if there had been NO method to refund you your bitcoins and you did NOT have any access to your private keys. That would have been a pretty bad scenario.

As long as you keep looking out, there should be additional opportunities for this or some other investment(s). I am sure.

Yep I bought in anyway. Anyone who is interested you can buy maidsafe on masterxchange.com

(04-24-2014 07:48 PM)shanked Wrote:  Yep I bought in anyway. Anyone who is interested you can buy maidsafe on masterxchange.com

So is everything cleared up with your purchase now, and your access to the Maidsafe coins that you bought?

Also, was the price per coin the same in your second purchase attempt, or did the price change over the last few days between your first attempt and your second attempt?

I have access to them but I subsequently lost 40% bonus given to early buyers plus a 3x price rise its at around .0001 btc now. It works out that I lost about 120%+ (estimate) of potential profit in the 18hrs or so since the exchange opened.

Even though I lost this double of my investment, i dont plan on speculating on swings in this coin and probably wont sell it for a very long time. So in the big picture it doesnt hurt too much that I fucked up.

My plan is if the price is ever 10x what I paid I will sell 10% of my investment to recover it tjen hold onto the rest until it either goes bust or makes me rich

(04-25-2014 05:13 AM)shanked Wrote:  I have access to them but I subsequently lost 40% bonus given to early buyers plus a 3x price rise its at around .0001 btc now. It works out that I lost about 120%+ (estimate) of potential profit in the 18hrs or so since the exchange opened.

Even though I lost this double of my investment, i dont plan on speculating on swings in this coin and probably wont sell it for a very long time. So in the big picture it doesnt hurt too much that I fucked up.

My plan is if the price is ever 10x what I paid I will sell 10% of my investment to recover it tjen hold onto the rest until it either goes bust or makes me rich

Yeah I heard they did that, refunded people who sent from the wrong wallet, you're lucky that they didn't already send you the Maidsafe. But you can't be sating that you bought for 0.1mBTC each? In that case you just bought for 50mBTC or something, because there is only like 850MaidSafe coins traded at that price... Or even under 0.084mBTC which would be a 100% increase. Since they were sold for 0.042mBTC during fundrasing, if my math is correct, and I'm not 100% sure about that since I've been cheating my way trough school. But 1/23800 = 0.000042. The market price isn't really stabile yet since there's barley been any trade, it's complicated to move MaidSafe to the exchange, see link,,

When I saw what a demand there was in for this I put more BTC in and are currently in with 24BTC or around $12k.

But you know what guys, BTC is going to zero soon. The haters who's been in this thread are right. It could never work in reality. There is no advantages with Bitcoins compared to US dollars. So if you all could dump your coins at bitfinex as soon as possible and fill my sell orders that would be great. Thanks a lot.

Regarding security something I never thought about before:
http://ripper234.com/p/use-a-clean-brows...exchanges/


Just found out! My government says that me and my people should pay capital-gain tax on our Bitcoin trades! 30% on whatever profit's been made! However I've already sent in my deceleration and I doubt they will hunt me down for my Bitcoin trades, see a 0.0001% chance that it would happen. However if it would have been losing trades it would go the other way around and I would have tax reduction from whatever tax I've already payed..... I could make up some bullshit that I've bought at the tops and sold at the bottoms... But would have to say that I've done trades in real life with cash since my bank accounts shows about four times as much money coming out from than what's been coming out.. In the end it would probably backfire on me. I've got until the 5:th of May to change my deceleration. I've payed $2.5k in tax and it would be sweet to get some of that back. Edit: This will probably just give me a headache. Best to stay out.

(04-25-2014 02:36 PM)Satoshi Wrote:  

(04-25-2014 05:13 AM)shanked Wrote:  I have access to them but I subsequently lost 40% bonus given to early buyers plus a 3x price rise its at around .0001 btc now. It works out that I lost about 120%+ (estimate) of potential profit in the 18hrs or so since the exchange opened.

Even though I lost this double of my investment, i dont plan on speculating on swings in this coin and probably wont sell it for a very long time. So in the big picture it doesnt hurt too much that I fucked up.

My plan is if the price is ever 10x what I paid I will sell 10% of my investment to recover it tjen hold onto the rest until it either goes bust or makes me rich

Yeah I heard they did that, refunded people who sent from the wrong wallet, you're lucky that they didn't already send you the Maidsafe. But you can't be sating that you bought for 0.1mBTC each? In that case you just bought for 50mBTC or something, because there is only like 850MaidSafe coins traded at that price... Or even under 0.084mBTC which would be a 100% increase. Since they were sold for 0.042mBTC during fundrasing, if my math is correct, and I'm not 100% sure about that since I've been cheating my way trough school. But 1/23800 = 0.000042. The market price isn't really stabile yet since there's barley been any trade, it's complicated to move MaidSafe to the exchange, see link,,

When I saw what a demand there was in for this I put more BTC in and are currently in with 24BTC or around $12k.

But you know what guys, BTC is going to zero soon. The haters who's been in this thread are right. It could never work in reality. There is no advantages with Bitcoins compared to US dollars. So if you all could dump your coins at bitfinex as soon as possible and fill my sell orders that would be great. Thanks a lot.

Regarding security something I never thought about before:
http://ripper234.com/p/use-a-clean-brows...exchanges/

YOU skareed meee 4 1 second..... I thought that you had transformed into a bear

You're in maid as well? Im in for about $5k. My highest buy order was something like .0000785 and lowest 0.000065 so if I was to sell now I think im up about a grand. Dont know exactly how much potential profit I lost because I dont really want to know . But im going to leave it as I believe this has more potential than btc. Btc isnt really backedup by anything whereas this is backedup by an amazing idea (nothing physical) but still. Sure they fucked up the ipo but If you think about it they are probably all programmers and know very little about economics and business so its understandable.

I regularly read the main thread on bitcointalk its funny how many haters there are that have no idea. Its these idiots that will push the price up when they decide to jump on the bandwagon

Just checked the trades and realised I missed the first pump and dump. Should have realised people would want to sell straight away to take adv of the bonus and sold before the day was over. Ah well

(04-25-2014 03:59 PM)shanked Wrote:  But im going to leave it as I believe this has more potential than btc. Btc isnt really backedup by anything whereas this is backedup by an amazing idea (nothing physical) but still.

you can't be serious...

Il admit im still new to cryptos. Already made some mistakes making investments based on emotion. What I meant is bitcoin isnt backup by anything physical like gold correct me if im wrong? Anyway learning more everyday