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Oklahoma 98 @ 104 Memphis
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Username: planetroving
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Mining Bitcoin is, in my opinion, hard to profit in. Only when you have free electricity or a flat rate, and a very efficient miner, then it would be worth it. Otherwise, if it was me, I'd buy Bitcoins and wait until the price rises, then sell it.
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Bitcoins have helped me learn a lot about technology, pretty much. If I wasn't interested in Bitcoin, then I wouldn't be interested in custom PCs, which means I wouldn't have experience with building them. Luckily, I was interested. Also, Bitcoin has helped me know a lot more about cryptocurrencies (obviously). So now, I can buy things without giving out too much detail about myself. I'm learning a lot, and will continue to learn about it. Bitcoins have improved my life.
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I first heard of Bitcoin back in 2010 on a YouTube video suggestion on the side. I never bothered taking a look at it though. It wasn't until about 2013 that I saw news about the massive rise in price for a Bitcoin. That was the point. I looked into Bitcoin and was interested. Then, I stopped early 2014, because I was thinking: I can't make a profit. No point for me. So I stopped. I just got back into Bitcoin again just about 2 weeks ago.
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Username: planetroving
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It seems to me that currently, the quickest way to get bitcoin, is to work hard, whether for my job or a service I provide. I can then exchange some it for bitcoins. Or maybe even provide a service that accepts BTC.
Anything else that has not been mentioned yet? Please reply!
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Some "Pure Australia Spring Water"  |
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Username: planetroving
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LA Clippers 108 @ Portland 110
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If I was to retire, and have bitcoins fund my retirement, I'd have at least 20 BTC. I take the price of a bitcoin into consideration too, just in case it decides to not reach as high as before.
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I highly doubt that the price of a bitcoin will drop to $100. If it does, then I am sure many will fear that the price is going to drop further, and would abandon bitcoin. For some, this would be the point to buy as much as possible, and hope that it would rise again.
I was going to buy half a bitcoin from Mt. Gox when it was almost $1k. I feel glad that I my application was rejected, otherwise I would have lost quite some money (it's a lot for me, okay?), due to their problems.
But anyways, if the time actually comes when it hits $100, I would wait until it starts to rise just a bit, to be sure that it wouldn't just flop. Then I'd buy some. Not too many, because I don't want to lose too much if something bad happens.
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Personally, I would go and spend a small fraction of the coins and treat myself with something. I'd go buy something techy, if it was me. For the rest of your coins, I'd say hold onto them and sell it when you think it has reached a really good price.
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I am a newbie and I have a total of 14 hours and 56 minutes logged into Bitcointalk. Not too bad.
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Los Angeles 4 @ 2 Chicago
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