The google trends high a new high between 1-7 november, now the interest is going down.
So many opportunists only looking for bitcoin when the price goes up. Thus we need the price to be high in order to find more people.
People are interested in a price bubble and want to get rich quick. There is nothing wrong with that. The price will go up slowly as adoption grows. The slow rise of price is good for the value store of bitcoin and also as an investment. If the price is too volatile, people will not buy bitcoin as investment. |
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The price is around $320 for some time. This is the consolidation after the recent correction. This process is important for the next price rise. I reckon the next peak would be somewhere around $700. Although I want the price to go up slowly and with less volatility.
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You are luck in this occasion that our bank holds you transfer for 5 days. The price is still lower than $350, let alone 350 Euros. You may buy now lower than $330.
The speed of bank transfer is pathetic. Banks charge a lot of fees, but transfer your money slowly. They do not care about customers.
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I have always been a little obsessed by the mining field. <Gold / Silver / coal> and when I started out with Bitcoin, I got a opportunity to mine from my house. This experience was absolutely worth it and if Bitcoin failed, I would always think back to those days. It is a joy to be part of this community.  Mining is fun. I used to mining bitcoin. But not any more, the machines are too power consuming and noisy. I mine altcoins and sell the coins for bitcoin. I learned a lot of computing and GPU mining processes. It is a lot of fun. However, home mining is get less and less now due to the high electricity cost and noise. |
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This year a few retailers in UK do not participate the Black Friday Sales. Citing the shopping fatigue. Black Friday Sales encourage customers to buy things they do not need using the borrowed money. That is the waste of resources. These money can be put into much better use. These kind of sales exploit the human weakness.
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If the Canadian government realizes the benefit of bitcoin and can promote the usage of bitcoin, that is very good for the economy in Canada. It can encourage the research of bitcoin related technologies and the start up companies relating to bitcoin, Canada could be in forefront of bitcoin adoption and leading the revolution.
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That finding is misleading. Yuan is the unit of Chinese currency. The majority of people who will search this is the Chinese. But in China, people cannot use Google as it is not accessible there. That is the main reason why people search bitcoin more than Yuan.
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We've been running this shadow economy for the last 5 years now. I'd say if you want to stop it, start with all the ponzi schemes. Take those down, we don't really need those. Governments can stop fiat to bitcoin exchanges, but they cannot take bitcoins away from people who own them. And you cannot really take down this "shadow" economy system that we have been operating. It's just impossible. Just good luck turning off the internet.
There is no reason to ban bitcoin at all. It is just a token or a kind of goods, or credit points. All those things are legal in many countries. Those things can also exchange for cash or various currencies. the only difference between bitcoin and other goods is that bitcoin has finite supply unlike most currencies, thus the value will not drop all the time. |
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The fee has risen a lot since the stress tests. It makes me think the stress tests benefit the miners a lot. |
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I also think that there will be multiple cryptocurrencies. Bitcoin will be the standard, but there will be alternatives for sure. Litecoin will possibly still be one of them... I hope... I bought some of both. I'm keeping my eye on Ethereum. There's lots of active development there, but as I see it, why would we replace BTC with that junk?
I used to think bitcoin is gold and litecoin is silver. So I bought some litecoin in the hope that the price ratio of bitcoin to litecoin to be 4:1. But the actual ratio of bitcoin to litecoin is 100:1. Bitcoin is divisible. There is no need for litcoin like silver to gold. If litecoin does not offer new functions bitcoin does not have, it will not survive. |
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If bitcoin survives next 10 years, it will be very big. It will not be banned by most governments. It will evolve over the time, but not replaced.
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Looks like this thread is best place for the following: Some info that may or may not be accurate. Sergej Mavrodi, the founder of a monetary pyramid MMM that stripped many Russians of their meagre savings during the Wild 90's is back in action. Yesterday he said that Bitcoin is useful for his MMM projects operating from China, and that he can crash the price at any moment if he chooses to do so. https://www.vedomosti.ru/finance/articles/2015/11/05/615733-mmm-sergeyahttp://www.rbc.ru/finances/09/11/2015/564098689a794742da316379I am not sure if what he says is 100% correct or if he draws attention to himself, but I wouldn't underestimate his ignominious "talent" for parting people with their money. To put things into perspective, compared to Mavrodi and his MMM, Karpeles and Mt.Gox was an exemplary honest company headed by a charitable founder. Personally, I'd rather see BTC at 250 without Mavrodi, than at 500 with him. I think the rise of bitcoin from 250 to 500 is not just caused by MMM. Otherwise there is no reason for it to drop from 500 to 350. There is no news about the collapse of the Ponzi scheme. |
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If bitcoin is a ponzi, it would have disappeared when the price dropped from $1200. And the price will never recover. Bitcoin is going stronger and stronger day after day.
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With max transaction number increased, it will go over 5000 USD
After the community reaches the consensus of the block size, the price shall rise as the enlarged block size can accommodate more transactions. |
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I could have gained over 1k today if I just would have invested.
You might have ended up losing as well. Because no one knows the top/bottom of the price during a swing. |
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If the person held 2 BTC, it would have already been worth ~650 USD, i.e. he would have made 250 USD by doing nothing.  |
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This always comes pretty handy when you are trying to show someone why Bitcoin is the best form of money in the history of mankind:  The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument. I'd like to add Crypto requires the internet for stable & secure transfer, which is not the case for gold/fiat. |
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just buy 1 antminers s5 then it's 1155 giga, i don't know how much you payed, but it should cost less for you
your chance at solo mining is still very slim, with almost 1 tera you have 1/400.000 of chance to hit the block
How much its coasts ...? And what about power consumption from where i an buy ..s5 Dont waste your money by buying costly hardware. Unless you can play in the petahash level, maintenance & electricty cost will eat up all. Better try cloud mining. You can pre-calculate your ROI time from cloud mining calculator (e.g. www.cloudmining.website/calculator.php) and invest accordingly. |
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OK. i want to believe in this.
So if i invest 1BTC on this service, how long time is need to get back my invest money, and beginning to make a profit
I dont think this type of straight prediction is possible, because you can not predict difficulty variation or price variation. But, if everything remains constant, with 1 BTC you can buy 1 Ths on CMW and the calculator shows, it takes ~118 days to recover that amount. |
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Sidenote, I went to that great monitor site to see how well that investment was doing today. Figured it would be bad since supershill is using an 187 day old screenshot.
I was shocked to find that cmmonitor.com doesn't match up with that image at all.
Apparently they invested .25620000btc, not .01, and somehow the roi went down to 79.5%, 187 days later. Weird, huh?
This screeenshot was taken when the lowest rate of CMW was 0.001 BTC/Ghs. At that point CM monitor bought 10 Ghs and made ROI. Now, the lowest rate of CMW is 0.0008 BTC/Ghs, which can be found on http://cmmonitor.com/24-cloudmining-website.html. CM monitor has bought 200 Ghs now and they have not yet made ROI on that purchase. They do not show, when they made that purchase of 200 Ghs. Last but not the least, your assumption about me being Alt of someone else is untrue. I criticze things if something is to be criticized and adore things if it is to be adored. |
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