Total time logged in: 11 days, 2 hours and 18 minutes.  |
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Unless you get really lucky or have an inside line with no-scam asic manufacturer your better off simply holding your coins (if profit is your primary motive that is)
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Right here is an excellent place to start. bitcointalk.org literally has thousands of threads that you should find useful. Start exploring, get active, ask questions. For the most part you will find that most bitcoiners will be more than happy to help if they can.
For a nice news related site for bitcoin I prefer the following:
coindesk.com (great daily news summaries)
bitcoinmagazine.com (at times detailed discussion of 2.0 based tech's (i.e. Ethereum)
For price tracking:
bitcoinwisdom.com
tradingview.com (expert traders, live chat channel as well, many experienced forex traders exploring BTC here, excellent place to get a better idea about market trends, etc.)
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"Targeting 2% depreciation in the purchasing power of our currency"
He couldn't even say this without laughing. What a joke!!
*Also, what's the deal with the "coke sniffles" that kick in around 1:35 of the second video?! :p
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+1 *Kind of reminds me of the push back when OOP first came on the scene. Object oriented code is always better than not right? Not necessarily. |
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The military doesn't do any thinking...they do what they are told. Who tells them what to do you may ask? Follow the mostly worthless paper-trail. Orders are handed down by government, government is owned by private central bankers...nuff said
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Are people supposed to take huge risks for BTC?
Huge "no", but without significant risk, you do not earn the big rewards later.
Then I have a lot of thinking to do, and maybe some studying up. There's a chance I could get approved for help, since I am disabled and fighting with the state to get SSI, if that does happen I will most assuredly try and put some risk into the factor. If the price ever comes down again, I will definitely leap on the chance to get a few btc's tucked away for the future. Absolutely, studying up always a good option when it comes to BTC. The more you know the more informed your decisions will be. And don't beat yourself up for mistakes made in the past, hindsight is always 20/20, believe me, if I beat myself up half as much as you are for not purchasing when it was much cheaper I would've jumped off a tall building by now. (oh the horror stories I could tell you about my own mistakes :p) *I would recommend heeding Bit_Happy's words as well, what he says about not taking huge risks not resulting in potentially huge rewards is absolutely true as well. **Maybe start small and scale up accordingly based on how well you do. Only risk what you can absolutely afford to lose though. |
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Perhaps. Nonetheless it's nice to see one (and perhaps more) of the larger mining operations being proactive regarding this issue. Can't be too careful.
Prowhat? They are reacting. Exactly...proactive in the sense of doing something themselves by moving some if not all of their hashing power to other pool(s)...i.e. Bitfury, possibly cryptx mining op soon to be switching to p2pool, that kinda thing. |
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The risk is illusory. I promise.
This is absolutely ridiculous. You can't promise anything like this. Fact is nobody even knows if bitcoin will be around in a year or three so don't go making promises you can't keep. *To the OP guy: if your not much of a gambler then you really should probably stick to the sure thing with the sig. campaigns. *And if you are considering taking some small risk...I would suggest waiting till at least the 27th to see what kind of BTC'ers purchase the SR Fed coins. |
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Only you will be mining more coins, which is making more profit.
 Yeah, how may I help you ? A nod is not mining any coins. A node is just a bitcoin wallet that has a full copy of the blockchain. The smiley is basically say: "WTF is he/she even talking about?" Screw it! Just setgenerate true on your node and see if you get lucky! *True though regarding no additional benefit if all originating from the same IP. (save for redundancy of your running node) |
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ROI depends on how big you see your system. If it is limited to a crypto hardware and supporting CPU then your system input constraints (such as elec prices) will smash your ROI into the floor. On the other hand, expand your vision to include the energy source and derive a method to control it, such as adding a solar panel / wind turbine to power your hardware, then your system might take longer to break even but the ROI is ongoing. Yes the ROI is diminishing however it does allow you to continue using older generation miners and updating them through profits. This is the approach I have used and although I am not packing a 10THs facility, I do own my 1.5kW solar array plus the Jally plus the R-box plus the 3 * 6770s plus the 2 * AMD 6 cores that were ALL paid for out of an initail $500 investment. Yes, this is less profit than having bought just BTC however I am more comfortable working with and understanding hardware/ software than I am with world economics... P.S the 1.5kW array is more than enough to power sufficient ASICs to make it worth my while as each gen improves more hash for less watts. As the current 3rd gen stabilises, I will grab a few more to my collection.  Overall, work out a business plan that works for you and stick to it! This fella makes alotta sense. I've been wanting to find somebody with a huge solar farm for sometime now. Kudos to you sir (even though I hate you kind of...not really;) |
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If you want to have some fun by trading, buy a new hardware to mine scrypt coins,
if you want some easy profit just buy bitcoins and hold them long term.
+1 This. Unless you have a time machine to get back to 2010/2011 your pretty much screwed as far as profitability goes trying to mine BTC with a GPU. You'll lose slightly less money every month if you switch over to some Scrypt-N, or X11/X13 based coin but more than likely unless you have free electricity your still looking at a net loss. |
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Starting posts: 149 Bitcoin address: 1MtD95TTMig27365nrykLDTiPsfEeXT55Q Thank's!!!! Bottom blue-line still longer than the top |
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Ohm nava shiva satoshi ya! :p
Definitely need some good news right now with all the bad news bears stuff going on with BTC. The more countries that hop on board the more likely bitcoin is to "make it".
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I think there is a space in the market for that kind of service. Once people are in bit coin for a while they learn about security. The scammers are a more difficult problem.
Considering that the amount of hacks / thefts is significantly higher than the number of scammers, I can't say that I agree with you there. Think I'm going to go with Ron~Popeil on this one. The sheer # of hacks may indeed be higher than the # of scams, but the resultant loss of bitcoin I'm pretty sure isn't |
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This site is obviously put up by somebody or somebodies not at all interested in the long-term viability of the bitcoin network. Quite the opposite imho.
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Anybody else having still having issue(s) accessing ghash.io site?
*Pool hashrate ~8.58PH the last time I checked.
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New idea. Deposit $200,000 into US auction of confiscated SR coins. Get as many as you can and hold for dear life! *or diversify If you pegged the auction coins at 550 a piece, the smallest block of 3K, would cost just over half of his 3M. 550 * 3,000 = 1,650,000 Heck, in that case, with the direction bitcoin price is currently heading he just might be able to purchase two of them. Obviously that would wipe out any sort of diversification of his investment, much riskier but potentially that much more lucrative. |
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Hello All,
What is future of litecoin? Does its worth investing in it?
Currently is at $10, will it grow like btc and reach upto 400-500 USD after few years?
Hard to say. LTC price inexorably tied to price of bitcoin ATM so entirely depends on just how badly Fed SR coin selloff and 51% news affects the price. Personally I'm still holding but am expecting to lose quite a bit of sleep over the next couple of months doing so. Could seriously end up biting me in the arse though :/ |
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My 2 satoshi's:
1.) Price likely to continue this downward trend til the 27th, likely to hit the $420 range. If those that purchase majority of the coins on the 27th have sinister motives price will definitely drop below $400 (but not for very long), if no sinister motives, price should jump pretty significantly right after sale.
2.) Disagree that FBI announcement is sole reason for price decrease. Plenty of other bad or concerning news surrounding bitcoin atm, chief among them threat of 51%.
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