Itīs a pity that bitcoin economics arenīt applied to oil.
Iīd love to see them expand operations until a barrel
fetches five bucks.
$20 has potential... $5 seems a little low. $52 now  |
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HOLY SHIT WE BROKE 100
HELL yeah
Maybe with care you can fix them, or perhaps replace them before anyone notices. |
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I really don't know. I think it will be moon or grave though. Too many variables for me to make a concrete call. I am heavily biased toward moon due to my investment level and wishful thinking, and will try to convince myself that way until we're there, or my dreams are crushed. Such is life as an emotional human  How big of a mess can the US make of the world in the mean time? Fukin' huge, if past performance is a guide. We'll be needing the internet and somewhere to live that doesn't glow in the dark. That looks less and less likely the longer US hegemony exists. Thanks. Your reply supports what is actually happening now in a sense, physical gold doesn't suffer from as many questionable variables as Bitcoin. I don't suppose BTC is any less suppressed than gold, nor any less useful in a serious endgame situation. If The East has a say in future, however, it looks as though they will back, and value gold, for sure. Which isn't to say that BTC won't be even MORE valuable. I've held gold long before BTC, its just that my BTC has outstripped the value of my gold rather crazily. Gold has a longer history, BTC a greater upside potential. What wins the day? One, the other, both, neither? I really don't know, so I have multiple baskets, holding diverse egg types. The biggest winners will probably be those that owe the most in the current system when it wipes itself out |
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The low oil price supposedly saves about $50 per month for the average US household. But it cuts the floor out of billions of dollars of junk bonds in the energy sector in the US alone, and trillions world wide. Hardly conducive to 'improving' anything. Not to mention the State actors that are going to have their budgets cut by 10, 20, 30 % + due to their reliance on $100+ oil. It is a disaster in the making. Fracking states are fucked. The End. Unfortunately, this didn't happen a few years ago before they did so much harm.
OK, and do you think the Bitcoin demand would increase or decrease in the "belly up" scenario? Assuming that the USD would be at toilet paper levels after bank runs etc. I really don't know. I think it will be moon or grave though. Too many variables for me to make a concrete call. I am heavily biased toward moon due to my investment level and wishful thinking, and will try to convince myself that way until we're there, or my dreams are crushed. Such is life as an emotional human How big of a mess can the US make of the world in the mean time? Fukin' huge, if past performance is a guide. We'll be needing the internet and somewhere to live that doesn't glow in the dark. That looks less and less likely the longer US hegemony exists. |
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Hypothetically, if the US economy goes belly up with bank runs and whatnot, would that mean an increase in demand for Bitcoin and as a result higher rate against fiat currencies?
I used to be pretty sure that was the case, thinking rationally, but recently starting to doubt it. Sometimes market forces defy logic, and it could mean some kind of apathy towards any alternatives.
Let me know what you think. I'm aware that there are a lot of people who feel the need to reply "the US economy will never go belly up", that is the reason my first question starts with "Hypothetically", use your imagination and try to reply objectively.
I don't think there are a 'lot' of people in this forum with quite such rigid blinders on.
The demand for gold is increasing, and some countries are getting their gold reserves back. This is a sign of upcoming events. What I don't understand is why gold price is going up (even if big media tries to downplay that), while Bitcoin goes down. Are speculators predicting a future so bad that internet might be shut down? Because that is a serious threat to Bitcoin (and humanity in general).
BTW: The current low oil price might fool some people thinking the US economy is "improving", but that will only last until the masses figure out the price was rigged to begin with (as in market manipulation by government).
The low oil price supposedly saves about $50 per month for the average US household. But it cuts the floor out of billions of dollars of junk bonds in the energy sector in the US alone, and trillions world wide. Hardly conducive to 'improving' anything. Not to mention the State actors that are going to have their budgets cut by 10, 20, 30 % + due to their reliance on $100+ oil. It is a disaster in the making. Fracking states are fucked. The End. Unfortunately, this didn't happen a few years ago before they did so much harm. |
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If someone suddenly dropped say 5000 units (0.25% of the float) now the bid
would be at .0011 or so. Thatīs how thin it is.
And another ~4000 puts you in the 0.0007 range. Like I said, dried up. Maybe it shores up again, maybe it doesn't. Regardless, I have profits in hand, and sleep well. Thank you AMHash for the cloud mining experience. I may play again some day  |
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So just a question, since it was mentioned there is little to no return on these types of investments, are people just investing to support the bitcoin mining project soley ?
No, there can be a return on investment (ROI) if you sell, difficulty doesn't increase a large amount, and/or price increases. No on here is buying AMHash because they want to support the network. They/we are buying because there is a good chance of ROI. In bitcoinland, mining has always been a tight investment. Based on buying at the time of IPO, when do people generally sell these investments ? After IPO or right before the launch of the next AMHash ? Sell before price drop negates accumulated gains. That's all. Your call. I sold mine over the last few days, anticipating tomorrow morning's difficulty increase and possible glut of sellers. HL liquidity has since turned to dust, so I'm pleased with my gains. Fear vs. greed |
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 Sad, The result of a shitty UI or high systemic risk... ? Average 0.5 BTC traded per hours, No trade for 4 hours. The market moved up and down 3% in the meanwhile. Sunday night, holiday season, price stagnation. Bitstamp is dragging ass too, though naturally not as bad. |
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For most of people don't really need anonymous.
Do you mean A) If you've done nothing wrong you've nothing to hide B) If you have nothing (to lose) you've nothing to hide C) Something completely different? As 'most people' on this planet have nothing in the way of monetary or tangible wealth, B seems most likely, but then the less one has, the more that little is likely valued. If you want to keep what you've got, you need to either hide it, or hide it behind a threat/act of violence of magnitude greater than that which would take it from you. Anonymity seems the least costly way of hiding your wealth and freedom from those willing to take it from you. |
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No one knows who is making what. Unless I missed something AM has not clearly said what part of the profit is for them or RM. It is all speculation until they actually give you some info. I would hope that with selling so much AMHash they are cash positive by now or something is really off.
Not to mention mining since mid July... and the 'not needing to worry about selling BTC for some time' statement. There's gotta be some cash AND BTC on the books somewhere. |
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if i had a place to put them, i'd probably still be running my little block erupter farm. bout 50 units, something like 15 ghash... but if my math was right, it was like a lightbulb worth of electricity. why not, ya know? course keeping my pc running 24/7 is another subject, but i do that frequently enough as it is for downloads...
Last time I tried mining (at the beginning of the asic thing), my hashing didn't even register on the pool's radar and I got nothing. 50 BEs may still be enough but that was over a year ago. I'd be interested to hear the results. As to keeping your PC running, I believe you can use a R-Pi so that could cut down on power requirements pretty seriously. Take the price of R-Pi, and buy BTC. Win. |
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lol umm.....who is buying up shares to .00127 just wait till tomorrow and buy am4  The frenzy is so strong it crashed Havelock. |
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choo choo?
Apparently, a mild case of... Choo |
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Dude ChartBuddy I swear on me mum please just stfu...  The Ignore button is in the bottom left of each post. Please use it before everyone else does. |
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it looks that we have entered into a momentary lateral market
the one who bought the 10k was trying to get this up but I think this is going to the floor after the lateral market finishes
Its starting to look positive. Stupid dinosaur banking... 3-5 days to transfer money  It would be faster by Pony Express. I think its time to catch the next dip, if my money ever reaches the exchange. |
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The IPO shares will most likely end in a day or two at the rate its been selling. My guess is within 24-36 hours.
Within 14 hours. |
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well i got a concern.. about merging hashie/havelock shares under one uniformed control.. what's to keep from loosing shares during the merger? Or will it be completely voluntary?
Icon
What's to keep them from vaporizing your shares right now? |
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AMHash3 almost sold out on havelock.  At this rate, finished by Christmas  Hell, tomorrow after divs. If not before. Units Outstanding 993326 In a lot of places, tomorrow is the day before Christmas Anyone else note the ~17k unit difference between remaining total on IPO page, and units outstanding on main page? (Havelock) Seems to keep steady since I first took notice of it about a week ago. Edit : The units outstanding: 1000442 seems somewhat higher than the 100 0000 offered, so I guess the IPO page is the correct number |
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AMHash3 almost sold out on havelock. At this rate, finished by Christmas |
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