Bitcoin Forum

Well i see all days someone asking to return some years to mine more bitcoins and others wouldnt havent traded them or gaved.That wont happen ,soo back to reality if bitcoin didnt reached those 1000 dollars ,and dropped till the current value of 200 worth.Would you buy a miner or investing in equipment to mine? Lets suppose bitcoin were worthing just 300 dollars and that were the biggest ammount,reached would you invest your money at bitcoin the same way you did and do nowadays?Would bitcoin still getting such attention as has now ?

Independent on the Bitcoin price I'd never invest in mining equipment. I'd rather buy Bitcoin directly than mining.
If it's overpriced I sell my coins, otherwise I'd hold until the next big price movement.

I don't believe it would get the same attention honestly, seeing that when it skyrocketed over 1k it was all over the media

$0-300 is still one hell of a story.

I am happy with it remaining at 200-300 and earning them bit by bit. To reach 1000 again would be very good, but although I hope for it, it is more like a dream than a sure-to-come reality for me.

It defends on how miners or buyers see's bitcoin. If they only see it as money they will not probably make an investment.

I know bitcoin has potencial to grow and break walls but ,well maybe those old value of 1000 and above the current price were made by those who hold a lot of bitcoins soo they invested 20k into pumping and a lot people had entered into bitcoin,the same way that happens with altcoins.I dont get why bitcoin doest break the 300 dollars,maybe because the big players dont wanna it getting more bitcoin to make the pump on the next years,is a huge investment to make it happen,but some people can manipulate the market.. even bugs at exchanges can make it already happened.

It's hard to say. I started investing in GPUs when Bitcoin was under $1, in FPGAs when the price was around $10 and in ASICs when the price was between $30 and $1000. I made a boatload of profits on my very first GPUs (HD5870, HD5830) and my very first ASICs (Avalon batch 1). However, most of my other investments in mining hardware ended up being breakeven or somewhat unprofitable. Fortunately, the profits more than made up for the losses so to this very day I am buying hardware just for the heck of it. In fact, I have a some Antminer S7's on the way from China as we speak.

If bitcoin didn't peaked over $1000, people would still want to mine. It's the notion of creating "money" with hardware that captures people. I believe only newbies or very knowledgeable veteran miners purchase ASICs now, others prefer to buy and hold.


I would invest the same way because I see bitcoin as a very useful internet currency and it will become more popular. The $1000 mark is a sure thing in the next few years.

To everyone that just want to profit holding and don't believe in how useful Bitcoin is, they will complain a lot if, lets say, the price doesn't change for a long while.
The only thing that I really want to happen is mass adoption, specially outside USA and Europe since most things happen only there.

should the bitcoin hoarders who get stock of around
2014 should still hold the product because there is a
significant price difference

Some miners would be more willing to mine if the price is stable at a certain price range as it would ensure that their profit is consistent. If the price is violatile, miners would buy the hardware and mine on it, hoping that the price hits the high range again. The price has both turned away and attracted users as the price would attract investors to invest and hoping to make a profit if it does hit that price again. Daily users would be looking for a stable price.

Bitcoin reaching 1000 again is like asking if 2+2 are 4 or not. It is unavoidable that it reaches 1000 again above. The only pertinent question here would have been: "When?". Well, we never know, but it's probably sooner than most people think, and will take longer than most people thing. 1000 is shit nothing tho. Any long term Bitcoin holder should aim for 100K per coin. Anything else and you are underrating it.

mining is not just buying an equipment and then starting to count the money you earned. it is a lot of hassle, you need to keep the system running for long hours, so apart from all the noise it is going to have in your home it also requires a lot of electricity too.
additionally it requires cooling too because it is going to produce a lot of heat, which can be troublesome too.

with my bills cost i can't go with the route of mining at all, i would try to acquire in a different way like signature, i would not buy, i prefer to invest time than money in everything

i could in the future buy a rig if mining become profitable again, including altcoin too, simply because mining was fun for me and i want to return into that scene if possible

Exactly, it is still great progress. Bitcoin was worthless couple years ago. It was just an experiment of some geek community.
Now bitcoin is recognized almost everywhere, and it will be only growing since amount of money invested in bitcoin projects are overwhelming at this point.

I mined until a few months ago and enjoyed it but will just buy, spend, save...for now.

I'd have to second this... it's so hard now and days to get a good ROI when investing into ASIC's and other miners of the like, unless you have a major amount of cash you are sitting on that's doing nothing and want to industrialize mine... but that would take a lot of effort and work and investment that has a very big potential of going horribly wrong at any point in time.  So I would say that, especially with bitcoins price being so low, that it would be more profitable to buy bitcoins or work for them rather than trying to mint them your self.

Then that issue comes into question about the fact that industrialized mining is making bitcoins more centralized, which is another issue... but these threads always start in some aspect of an issue and progress into another one.  So I thought I would just go ahead and get the ball rolling lol.

I know bitcoin has potential to grow and i have hold a little because i believe bitcoin will be number one cryptocurrency

Are you trying to tell us that bitcoin isn't already the number one cryptocurrency?  lol, I think we all know that bitcoin is number one when regarding the market size and price point.  It's not like your taking a huge risk, like you would when investing into an altcoin in hopes of it's price/market size to rise.

Not interested in mining.   Not enough reward for the risk and the hassle.  I'll let someone else worry about it.

Yes, I still would.  Bitcoin had a bubble, so what?  I still believe over the long term bitcoin is a deflationary asset pegged against fiat central bank currencies.  If I buy used mining equipment.  Mine free coins, and then sell the mining equipment before it decreases in value to someone else, then I make a very high ROI.

So you're asking if there wasn't the knowledge of the growth form $1 to $1000, would there be as much hype to get hands (to mine) bitcoin?

Probably not, but there was that growth. And adoption did occur. And momentum exists such that many people believe there's more to come...

The peak to $1K helped a lot. It gave Bitcoin worldwide coverage on various large news channels. People were trying to get their hands on some Bitcoins in case the price would rise further from $1K. That didn't happen and people got burned quite hard. Beside that, Bitcoin would have gotten news covarage anyway as the blockchain technology gains high interest from financial parties worldwide.

Regarding investing in mining equipment; Nope. I have never been that interested in getting myself some physical miners.

What difference would it have made in the first place? Whether it did touch 1000 or it didn't, is not going to influence my decision whether I will invest in a mining equipment or to just buy them in the open market. It's about how to own your share of coins using the fastest and most cost-effective method and as far as that goes, price history is the least relevant factor.

If i can go back to the day where bitcoin price still under $1 , i will buy it directly and store on paper wallet until the next halving year(2016).

If i mine, use my pc is pretty enough to earn some coins.

As i thinked,most of us would mine because a machine to make money is what bringed most into mining process,but i guess at that worth the big farms wouldnt be soo many making the mining become unprofitable in a shore time and without some changes.
 The price being stable at 200 300 dollars woulld mean that to roi would take a bit more time,but i guess what had killed mostly were big farms... how many of them are out?Around 20 big farms,controlling the price of bitcoin,but well for other vision mine will last less time and some is and will become rich with bitcoin.

Well, bitcoin halving can make price to rise or could do nothing. I am sure some people remember that during last bitcoin halving in 2012 BTC price actually went down a little. And halving back then did nothing to increase value of btc in the long run.

The worst thing that happened to Bitcoin is that it has a price and all people are judging about the success of Bitcoin by how high its price is. Nobody is anymore concentrating on the technology and we should all do this.

Internet didn't have this problem and that was a great advantage for Internet over the Bitcoin.

And for the record, I think that the price of $237 for 1 bitcoin is hell of an achievement.

Well i see we are with bitcoin at 200 dollars which currency worths such value? As i know only gold has such value as bitcoin others is pennies compared to bitcoin ,but would it atract soo many people as the 1000 dollars and 600 dollars bringed into bitcoin?

well it depends on what amounts of currencies you use. some calculations:
according to wiki in 2011 there were about 171300 tones of gold in the world so all gold is worth 171300*1000*36830=6.3*10^12 dollars while all bitcoins are worth 14600000*230=3.3*10^9 dollars

I mean being worth a lot like bitcoin 1 bitcoin is worthing around 200 dollars... and gold has the same power,not talking of markep value,now imagine bitcoin worthing 1000 dollars or other big value would your calculations means nothing ? I personal dont mine i almost invest into a miner 2th but i stoped before ,the roi time would be around 7 months in that time,but well electricity costs is high soo i bought some bitcoins.Im sure bitcoin worthing 200 dollars and above is already a sucess and i know as we get closer to end mine period the price will start to raise.

I still wouldn't buy a miner, I would just invest straight into bitcoin if I actually wanted to make money.

There seem to be a direct correlation between the people wanting to mine and the price of Bitcoin. The $1000 price tag certainly helped to gather more interest at the time.

It also sparked the creation of more Bitcoin farms on a much bigger scale than before. The competition and total hashing power increased to such high levels that most solo

mining operations were pushed to "pool mining" to stay profitable. The higher price just make mining more profitable and more people will start doing it, if the reward is higher.   

Sure the 1000 marks bringed huge investments making solo miners get unprofitable to run normal as before,the fact is if bitcoin were worthing just 200 do you think would still people mining it ,these big community will be the same ?I know that would atract several people to mine but i dont know if bitcoin would be dead coin in these 6 years that has already.

At this stage we should not judge Bitcoin by its price.As some people already mentioned if we talk about price that definitely will go up but when this should be the question.Bitcoin is game changer and change already has begun seemlessly.I invested in Bitcoin and whenever my financial conditions allow me will do investing because price will be at 100k $ someday.

well you as most invest at bitcoin to it break eaven,above 1000 dollars for some and above it to others,if its value were between 200 and 300 dollars would you keep investing into bitcoin knowing that it has limits?

Obviously because people is wired to pay attention to the price and not much else. Seeing a good price in your investment releases endorphins in the brain, thats why most people fail at investments, they don't have a long term vision and only seek for instant gratification, don't can't plan things. Those are the guys that will weep in 10 years because they dumped their Bitcoins ages ago and left the train.

exactly this, at the moment thats the best movement that anybody can do, well only if you have free electricity and can maintain the power needed for miners for free, but thats not the case of most of the people so... the best move is to buy dirrectly.


sure, dont forget that things can/will change soon ;)

I would buy mining equippment! mining is still profitable and would be profitable if the price didn't pass the $300 mark. The problem is that if was to buy mining hardware I would have to invest a lot of money and wait a lot of time to reach ROI

if bitcoin's price started to grow more and more then yes it will attract everyones atension but buying or not is depent on the situation,condition and what type of person he is so what about you

As more people mine, the difficulty also goes up. The profitability is reduced after some time. When the price suddenly when up, most just turned their old ASIC on and continued till it unprofitable. The hashrate hasn't been increasing due to the fact that the price dropped significantly. It was profitable for a larger group of people and a good portion of the people have lost money as the electrical prices is too high when the price dropped by 80%.

I cannot reply to this thread or topic if bitcoin did not reach 1000 usd and spiked everywhere in the news.

if mining were possible on my own and also profitable, I would most probably start mining. but unfortunately it is not. because not only I have to invest a lot of my money into buying equipment that I can mine with, but also there is the issue of Electricity and worse than that is the place the equipment requires and the sound it is going to make.
which will make it not a home friendly activity for me!

I also had planned for bitcoin mining. But buying bitcoin mining equipment from India would be very big deal. I read I may need to pay import charges for the parcel I receive from abroad. All the above electricity problem also here. So, instead of buying a mining equipment I would better buy bitcoin for safer future.

according to me invest in mining is not a good way. trading is the best way and its dream to reach 1k$ of bitcoin price if bitcoin price reach to 500-600$ that very nice and i never do mining with my hard earn money

Well consider some of your opinions one thing is sure if bitcoin havent reached such value most equipment and investments wouldnt be made ,and well is one of the reason the industry sold out soo many equipment to mine these last years,and yes now about to spend those ammount vs trade i would go for trade less work and maybe better results.