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LTC is the silver to BTC's gold.

Quote:

Originally Posted by JayEch (Post 8209025)

On a side note. Is it normal to get a massive fluctuation in hashing rates. I get anywhere between 125-300h/s. normally its around 140-200 tho. but it always seems to jump.

Hash rates can swing wildly, if you go by the 2 second average displayed in cgminer. Your average should be stable, though. My 7870 goes to 2s highs of 450, and lows of 280. Average is a solid 345.

Meeting up with someone to get like 3 - 4 bitcoins worth. Hope it goes well lol

Anything i should watch out for when buying locally

BTC dropped to 60, LTC down to 1.5

Luckily I converted to USD prior to the crash.. LOLOL

Got a buy order at $50, cmon!

EDIT: Alright, guess $60 was the lowest BTC was going to hit. Cashed in on LTC at 1.9.. :lol

EDIT2: Uh-oh, should've waited more for LTC to drop to 1.7 again :lol

mt. gox is closed for market cool down :troll:

Damn, LTC fell more than I expected.

someone buy 1 BTC for me... my main comp is down :fuuuuu:

cavirtex is down too :fulloffuck:

I believe crash it over. BTC low was $55. LTC low was $1.19.

I bought in at $1.90 thinking it was done... :ohgodwhy:

Least I didn't lose money!

There really needs to be more than one exchange. Either that, or they need to hire a new IT crew. Allowing traders to do multiple trades within 1 second basically turned normal trading into a DDOS. That, and there is probably a real DDOS at the same time :lawl:

Anyway here's everyone's chance to get in near the bottom again :fullofwin:

Still shaking my head right now.. bought too soon.

On the bright side, I'll probably be able to sell LTC to break even whereas a bunch of people got fucked :lol

Which website does everyone use to buy Bitcoin?
Posted via RS Mobile

The main one is MtGox, which handles 80% of all exchanges. But they just took the site down, so the economy is crashing. Obviously some things need fixing...

It this LTC's chance to take over? ;)

Hopefully my cavitrex account gets verified sooner than later
Posted via RS Mobile

Damn it.. Should of sold my ltcs last night...
Posted via RS Mobile

Quote:

In what has to be the most accurate currency crash prediction ever made, bitcoin crashed today from $266 to a low of $105 in a rapid “free fall” market crash pattern, erasing $1 billion in currency valuation in a matter of hours. I openly and publicly predicted all this would occur yesterday, in both a Natural News article as well as national radio via the Alex Jones Show broadcast aired on over 120 am stations.

But the real story here isn’t that I accurately made this dire prediction less than 24 hours before it took place; the real story is that this crash was almost certainly caused by a covert central bank “stress test” of the pliability of the bitcoin market. That’s all explained below.

Step 1) Central banks buy up massive quantities of bitcoin currency, driving the prices into the stratosphere and encouraging millions of people around the world to jump on board the “get rich” bandwagon.

Step 2) Once bitcoin valuations reach a sufficient level of insanity, start a massive selloff by dumping the bitcoins you already bought onto the market, offering them for sale at any price (i.e. sell into falling prices, accelerating the loss in valuations).

Step 3) Watch panic take hold as the bitcoin crash accelerates, ending in a catastrophic wipeout of “valuation” of all bitcoins.

Step 4) Find “victims” of the bitcoin crash who can tell a good sob story for the mainstream media about how they invested little Johnny’s college money in bitcoin and lost it all. Roll them out on CNN and MSNBC where they cry on camera and talk about how they were ripped off by bitcoin and now they only trust the government from now on.

Step 5) Demonize bitcoin by characterizing it as a “libertarian pyramid scheme.” Lash out against both decentralized currencies and libertarians.

Step 6) Once the demonization gains traction, have traitors in the U.S. Congress announce a “Consumer Currency Protection Act” that outlaws non-central bank currencies such as bitcoin. It’s all “for your safety,” of course. Shut down all online bitcoin wallets and exchanges, calling them “criminal pyramid schemes” and arrest a few people using bitcoin to send a warning message to the rest.

» Bitcoin crashes over 50% just one day after bold public prediction by Mike Adams of Natural News Alex Jones' Infowars: There's a war on for your mind!

That is some CiC shit right there :lawl:

Quote:

Originally Posted by Razor Ramon HG (Post 8209264)

Still shaking my head right now.. bought too soon.

On the bright side, I'll probably be able to sell LTC to break even whereas a bunch of people got fucked :lol

crashes don't usually just last one day. lol.

i bet when it reopens, it will keep going down.

a crash aint over, until it starts going back up with confidence!!!

im buying at 40/coin locally should I wait? or buy now
Posted via RS Mobile

Quote:

Originally Posted by Razor Ramon HG (Post 8209343)

» Bitcoin crashes over 50% just one day after bold public prediction by Mike Adams of Natural News Alex Jones' Infowars: There's a war on for your mind!

Oh I knew that would be good reading as soon as I saw the name Alex Jones.

Out of all the nutbags in all the land, that guy singularly takes the cake as the nuttiest nutbag to ever bag a nut.

What I'm getting at is he's fucking nuts.

I don't doubt its possible...fuck anything is possible-but show me one ounce of fucking proof dude.

^ Glad someone else thinks he is a nut. BTC problems in the last two days are due to how the intefrace sites are still very immature and cannot stand DDOS attacks or a ton of people running transactions. The core of bitcoin is good but right now any type of interfacing still needs work and that includes exchanges and wallets.

Whenever I hear the words "Natural News" or "Alex Jones" I instantly stop paying attention

Also, there needs to be competitors to Mt. Gox.

Quote:

Originally Posted by BurnoutBinLaden (Post 8209522)

Whenever I hear the words "Natural News" or "Alex Jones" I instantly stop paying attention

Also, there needs to be competitors to Mt. Gox.

if there are competitors to mtgox, then there will be price disparities.
this will allow for arbitrage lol.

mtgox just has to up their support.

in the real world, you hardly ever see multiple exchanges hosting the same product.

Difficulty for LTC just ramped up to like 293

For those getting khash discrepancies between your miner and the pool stats. It could be due to hardware errors. Unfortunately, if you're using GUIminer, it'll only show you a few stats like khash, and accepted and stale shares. If you use cgminer, directly, then you will see a lot of other information that can be useful to mining efficiently. You can also make live adjustments to the GPU.