They say that right now there are about 12 million bitcoins in total, some part of which stashed away. Eventually the production of new coins will stop, so only around 21 million of them will be available, and no more... Now, what will happen next if it ever comes to that, and Bitcoin is finally accepted as a legal tender?
I think that nothing life-changing is actually going to happen. We have already been there. And by there I mean a time period in the 19th century, commonly referred to as a Free Banking Era, when banks could issue bank notes against specie (gold and silver coins). It was during those times when the term inflation began entering into widespread usage and emerging in literature, though not as a reference to price changes but as something pointing to disproportions between paper representing money and the amount of specie actually available in the bank
So, this time instead of gold, we will have Bitcoin (which will be hoarded as per Gresham's law), and all kinds of "paper" derivatives inevitably entering the circulation as a means of exchange. These "papers" allegedly backed up by Bitcoin will in fact leave behind them only inflation, even despite Bitcoin intrinsic deflationary nature...
And welcome back to fiat!
price will grow as enough as people request |
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soon we will no longer need this. 2014 will bring us much further.
I hope too buddy |
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It is only me that see bots selling 1btc all the time on Mt.Gox to start people panic and make them selli the BTC ?
bots can't make price go down.. just 10+ 10- no worrys buddy! |
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If you paid 13.6k for both and you get them 15th of february you should pull a nice profit. If its 13.6k for 1 units it will be close.
13.6k both !  ye i hope to pull a nice profit |
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10 BTC for 3th/s in this moment is very expensive..
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Are they December units? If you're concerned about getting any ROI or refund why would you ask for 23k?
February batch not december. |
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You can trade bitcoins on gox, you don't have to go near the fiat side. Just use as (expensive) trading engine.
But yeah, its days are numbered .......
Ye! you can trade in an expensive way on gox. Maybe in a stupid way! you deposit on gox buy on gox than transfer on stamp to withdraw but on stamp bitcoin is at 100$ less!!or you can anyway wait 4 month and withdraw on gox! |
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All ASIC finally are coming and now everything depend of vendors that have to place their orders in the ASK and wait, if they start to sell to the BID price will start fall bad.
Probably people who are mining (like me) don't care about future and just are selling every times to the BID (not me). The correct way to make bitcoin grow, and I think everyone here wanna see bitcoin to the moon, is place orders in ASK and wait, if you need to sell fast remember that if everyone do that, first, this game will finish.
I'm looking lng time about difficulty/hashrate and I'm understanding that difficulty can't stop ASIC. In this moment the only thing that can stop it is the crash of bitcoin's value.
Everyone sow how price is collapsing from December when first BIG ASIC came?
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i almost made the same move.
luckyly, it took me some time to save the money so i had the time to see the diff go up considerably,
what do you think will happen to bitcoin if the difficulty gets too high and ppl stop mining because its not profitable for them anymore?
probably people will mine anyway cos they will try to get some money from their miners... also if moneys are not enough to pay hardware  |
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The answer is:
No, if you paid with BTC;
Yes, if you paid with fiat.
That's obvious mate.. I payed fiat, but I think is the same thing.. You mean like I didn't buy the terraminer, but hold all my btc till now... I know this, really if, in November, I invested in BTC and not in a miner I had earn more. But now I'm just interested to understand if I can get some moneys from my future miners.. I payed 13.6K$ for it, shipping included, I will get it like second week of February... |
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this is the first calculator saying that I will not earn profit from 4 th in February... just the cost of hardware..almost. If it is true what's the future of btc? mining is vital for btc, if people don't mine cos they can't earn moneys, who will calculate btc transactions? btc will fall? |
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in questo momento potrebbe essere difficile trovare un buon compromesso con 5k€... io cercherei più di formare un group buy in modo da poter mettere insieme una cifra più interessante e magari a quel punto buttarsi su una compagnia di queste che produce hardware fare un preorder e sperare che vada tutto liscio!
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A bird in the hand is worth 2 in the bush. To make on pre-order is a gamble that has paid off for only a minority here.
so which is the best way? everything is gamble so... there are no others ways to get gh paying moneys at today or maybe you know another way? Anyway I'm intresting to understand if with 4 th/s, assuming that miners arrive in the 2nd week of February, how many bitcoins could I mine before they will be useless?  how much btc will be worth in February? BTCBTCBTCBTCBTCBTC |
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My buddy submitted a wire transfer in August & is still waiting...
that's incredible... how is possible that people still playing on gox? maybe could be a great idea create a new American exchange.. I think is not difficult manage the exchange's payments, maybe is difficult get concessions. |
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If you're really all that worried I'd be willing to have these transferred to me through Cointerra, we would just use them as an intermediary so that they refund your original wire after I wire them a payment-they've said before that they were willing to transfer orders if needed and I already have several machines ordered with them so it would probably go fairly smoothly. PM me if you really don't want to be risking your money anymore.
If you want I can sell you both my pre orders throught cointerra for 23k$ if you are concerned pm me. |
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if only people would wise up and let mtgox fade into the background until it actually functions as a proper exchange, and let bitstamp or another exchange be the prime valuer of bitcoin
Recently volume on stamp is higher than gox. that sounds good. I was thinking till few days ago that all miners were selling on gox, and I'm a miner and I've always sold on stamp. I was right what about btc-e? are they paying punctually? |
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finally BTC price on gox is fake... withdraws as everybody says is impossible or very slow (1-2 month) so is very stupids buy at gox price.
I've listen a lot about delays of gox withdraws... so fake gox. I withdraw from stamp, I mine and sell on stamp every times and every times they are really punctual like 2-3days. Also for big amounts.
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Anyone here knows that exchanges have different prices and this difference from bitstamp to mtgox is about 100$. what about arbitrage buying from bitstamp and selling on gox? is everything legal? is possible to transfer founds from an exchage to another one without passing per another wallet? and so...why the difference is so big? I've listen about mtgox late with withdraws and deposits.. how usually big is this late? is anyone trading on gox? I usually use bitstamp. Recently I can see that volume on stamp in bigger than gox, but prices are lower, why? anyone got news about Chineses?, why price on Chinese exchage is the lower?deposits are allowed again or not?? Thanks |
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I really do hope you know that stuff already, do you?
you betcha! i've already got a miner in November 500ghs from bitfury and I had no problems with it. |
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