If you use Coinbase, you can send to email addresses instead of Bitcoin addresses, if the recipient is a fellow Coinbase user. That said, what's so hard about copy and paste?  Anyone in an office job, does it at least once a day. |
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Count me in as a late adopter douchebag BTC holder, as I got into this late 2013.
Hey, it sucks, what can I tell you. Waiting for something to go up "never" is the absolute worst.
That said, I'm more hopeful than other late adopter douchebag HODLERs, as I like what I'm hearing and seeing with each passing month and year.
Price wise, we're in the shitter, but the longer Bitcoin sticks around, the more legitimate it becomes.
I'm going to HODL until zero pretty much. I'm already pot committed in this.
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This guy  IS this guy?!?   Equals this  |
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i never know about him or heard about him but i think he is amazing I don't know why, but when I saw this reply by Selena Gomez, I started to bust out laughing!  NO offense, Selena, as I think you're mighty alright too.  Just kinda wierd for you to fawn over our dude, Andreas...  |
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Guys, I have to do a paper on the title- Is bitcoin a viable alternative to money as we know it....and if not, could it be one in the future.
Basically, I need to know what bitcoin is, how it works, how it is similar/different to normal money, how it affects the economy of a country and what are its future prospects.
Any help will be greatly appreciated...I dont mind if you send me a link where I can read up on the topic.
Thanks for the help.
Besides reading up and looking at the various links the others have posted, I'd highly recommend that you take 2 hours of your day to listening and absorbing what our best spoken Bitcoin ambassador, Andreas Antonopolous has to say: https://www.youtube.com/watch?v=xUNGFZDO8mMIf you want to get converted to BTC and write your paper in a way convincingly, ignore the Eddie Munster hairline, and listen to the words he's saying. |
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hey guys, i've always see negative post about bitcoin
are there any positive things about bitcoin that are currently happening now?
-Continued adoption, continued development, continued investment -Microsoft, Dell, Overstock, Newegg, Mozilla, Wikimedia, Expedia, Paypal all accept it -NYSE, BBVA, DoMoCo all investing $75 million into Coinbase exchange -COIN ETF launching this year -Winklevii launching Gemini exchange this year -Bitcoin/Crypto talked about in more positive light at this years Davos world economic summit -More and more Bitcoin ATMs opening up around the world -NY Bitlicense launching soon, not as strict and restrictive as once presumed, allowing more innovation -More mentions in media and movies -Andreas Antonopolous wrote first technical book published by O'Reilly Press: "Mastering Bitcoin" -Various startups gaining steam: Changetip, Xapo, Purse.IO, Brawker, Ledger, Tresor, etc -We have not even reached Bitcoin 1.0, still in Beta. There's plenty to be cheery and hopeful about, just have to give BTC time to grow. |
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It is now a good time to buy miners with fiat, if you believe than BTC price will raise. good way to get positive ROI sooner.
As always, as it was in 2009, 2010, 2011, 2012, 2013, 2014, 2015....if you believe the price will rise, just buy the Bitcoin. You're throwing away money and wasting time buying miners, if you're doing it strictly on speculation. Too many factors against mining: electrical costs, downtime, upkeep, maintenance, cooling, difficulty, pool variance Just buy BTC at the moment, it's at a discount price!  Bad logic. There are many reasons why buying a miner could be better than buying BTC. If people really believe that BTC will definitively increase in value, then the best option would seem to be selling everything you own for BTC that isn't essential to your immediate survival. Obviously, that would be an unbelievably risky move, so basically anyone will factor in at least *some* level of risk. For those who don't mind risk, buying BTC outright may be preferable. However, if you hate risk, buying a miner can be a much safer option, especially in a bear market. The trade off for that extra security is decreased profit potential over the long haul. You don't buy miners when the price slumps, you just buy BTC, if you're speculating on a price hike. You DO buy miners when the BTC fiat price is high, as it's more prohibitive to buy the coin outright, then it is to generate small amounts of it daily in hopes of making your fiat investment back. Simple math for ROI, dude. BTC In<=BTC Out Buying a miner now with fiat, no matter which miners, you'll net negative BTC. If you bought a miner for $500, mine back half a Bitcoin and Bitcoin spikes to $920 a Bitcoin, you're thinking, "WOW, I made back my investment!" WRONG! If you had bought $500 worth of Bitcoin, you'd have over 2 Bitcoins at today's price. It's throwing good money at bad investments. Responding sequentially: 1) First of all, when the price of btc falls, the fiat cost of miners also decreases. Second, speculation exists to varied degree. How much you believe in your speculation significantly determines your investment strategy and how much risk you are willing to take. Buying a miner can be a way to carry less risk under not so uncommon conditions. The fiat cost of miners may decrease, the but electrical and cooling costs don't. Not sure if you're talking about a single miner, but if you a small farm, it doesn't make sense to run with those accumulating month to month hosting costs.2) The cost of BTC in and of itself has absolutely no bearing on ROI. By this I mean that you can theoretically profit at any price level above $0. Reading your posts, it's obvious that you're concentrated on Fiat profit first and foremost. Nothing wrong with that, Fiat rules the world at the moment.
I like to deal with BTC in and out, easier to calculate profit and ROI, but I understand your idealogy.3) Simple math for ROI, dude. Fiat in <= fiat out Once again, you deal with Fiat ROI and profit, nothing wrong with that.
Seeing as this is Bitcointalk forum, you may get a majority of different opinions than yours.4) Uh, no, you're wrong. If you pay $500 for a miner and mine 1 BTC and sell the btc for $920, then your profit is $420 (excluding other expenditures). If you buy with fiat, then profits are tracked in fiat. If you buy with BTC, then profits are tracked in BTC. Same argument. Fiat or BTC ROI/profit.The flaw in your reasoning is that you are making an advisement based upon the assumption that the price will *certainly* be higher in the future. But what if the market goes down? If you buy BTC and the price goes down, you *always* take a loss. But with a miner it is possible to get >100% in a down market. Also consider that you still have the value of your hardware. Mining hardware depreciates faster than regular server or network equipment, much faster. 1 TH/s Dragons sold for $3,000-$4000 at launch early last year. Now you can get Antminer S5s brand new for like $300.5) Sure, you could buy more than 2 BTC at these prices, but if the price falls then you have 2 less valuable BTC. And, if the price goes down, difficulty can go down and you mine more BTC. Price can go up, down, sideways. Your guess is as good as mine.
I think the majority of us are in it for the long haul. Obviously you're focusing on the short term fiat amount for price stability's sake.6) I've owned numerous rigs and ASICs that have achieved 100% ROI *solely* due to the fact that I either paid with fiat directly, or paid wth BTC but immediately repurchased the amount I spent. In a few cases, the difference was >300%. Fiat vs BTC profit once again. Different strokes for different folks.Your approach to things isn't wrong, I'm not disputing the fiat approach to things. It's the current economic world we live in. If the approach is to accumulate as much Bitcoin as possible, then it is wrong, however. Agreed, profit-potential is generally greater if you purchase BTC outright as it would take an unlikely set of circumstances (especially given current ones) to generate more BTC than mining. We both agree that we can't know future price movement. But, let's consider the two main options we're focusing on: 1) We can buy BTC, and 2) We can buy a miner instead. Currently, we are in a down market. If at any point during the past year someone purchased BTC (and didn't successfully day-trade with it) and held it, they would have lost money. Similarly, if they had purchased a miner with BTC, virtually all will have lost money. The chance for ROI over the past year given these conditions is/was essentially 0%. I've purchased several miners with fiat during the past year, and every single one of those achieved >200% ROI. In other words, they were the best decisions I could have made at the time. Pretty much anyone who has purchased a miner with fiat during the past year would have done far better than those who purchased BTC outright or bought a miner with BTC. Basically, we agree on a lot of things, but the point I keep emphasizing is that, generally, buying a miner limits the range of potential gains but also losses, and therefore carries less risk in many ways. Can't argue with that. Your approach profitted handsomely, and is a good method in the current climate. Your way is the right way to profit and ROI now. Buying any miner now with BTC, is just plain dumb, then using fiat, wire, or paypal to cover costs. Then naturally you recoup your fiat with BTC mined and the BTC resale of the equipment. I'm hoping (dumb me) and banking on the continued development and adoption and improvement of the ecosystem of Bitcoin overall. I've mined my good share, but once difficulty rose to a level I could no longer compete or cover costs, I had no choice to liquidate my hardware. If BTC price ever rises to it's pre Gox days, then I may even indulge in a miner once again, just to get that residual income daily (buying miner in Fiat of course). When I bought my first Antminer S1s and Dragons in early 2014, I ROI'ed in BTC for the first time after buying it in BTC. Nowadays, it's not possible for the BTC in/BTC out method, though Fiat in/Fiat out is still doable for sure. |
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It is now a good time to buy miners with fiat, if you believe than BTC price will raise. good way to get positive ROI sooner.
As always, as it was in 2009, 2010, 2011, 2012, 2013, 2014, 2015....if you believe the price will rise, just buy the Bitcoin. You're throwing away money and wasting time buying miners, if you're doing it strictly on speculation. Too many factors against mining: electrical costs, downtime, upkeep, maintenance, cooling, difficulty, pool variance Just buy BTC at the moment, it's at a discount price! Bad logic. There are many reasons why buying a miner could be better than buying BTC. If people really believe that BTC will definitively increase in value, then the best option would seem to be selling everything you own for BTC that isn't essential to your immediate survival. Obviously, that would be an unbelievably risky move, so basically anyone will factor in at least *some* level of risk. For those who don't mind risk, buying BTC outright may be preferable. However, if you hate risk, buying a miner can be a much safer option, especially in a bear market. The trade off for that extra security is decreased profit potential over the long haul. You don't buy miners when the price slumps, you just buy BTC, if you're speculating on a price hike. You DO buy miners when the BTC fiat price is high, as it's more prohibitive to buy the coin outright, then it is to generate small amounts of it daily in hopes of making your fiat investment back. Simple math for ROI, dude. BTC In<=BTC Out Buying a miner now with fiat, no matter which miners, you'll net negative BTC. If you bought a miner for $500, mine back half a Bitcoin and Bitcoin spikes to $920 a Bitcoin, you're thinking, "WOW, I made back my investment!" WRONG! If you had bought $500 worth of Bitcoin, you'd have over 2 Bitcoins at today's price. It's throwing good money at bad investments. Responding sequentially: 1) First of all, when the price of btc falls, the fiat cost of miners also decreases. Second, speculation exists to varied degree. How much you believe in your speculation significantly determines your investment strategy and how much risk you are willing to take. Buying a miner can be a way to carry less risk under not so uncommon conditions. The fiat cost of miners may decrease, the but electrical and cooling costs don't. Not sure if you're talking about a single miner, but if you a small farm, it doesn't make sense to run with those accumulating month to month hosting costs.2) The cost of BTC in and of itself has absolutely no bearing on ROI. By this I mean that you can theoretically profit at any price level above $0. Reading your posts, it's obvious that you're concentrated on Fiat profit first and foremost. Nothing wrong with that, Fiat rules the world at the moment.
I like to deal with BTC in and out, easier to calculate profit and ROI, but I understand your idealogy.3) Simple math for ROI, dude. Fiat in <= fiat out Once again, you deal with Fiat ROI and profit, nothing wrong with that.
Seeing as this is Bitcointalk forum, you may get a majority of different opinions than yours.4) Uh, no, you're wrong. If you pay $500 for a miner and mine 1 BTC and sell the btc for $920, then your profit is $420 (excluding other expenditures). If you buy with fiat, then profits are tracked in fiat. If you buy with BTC, then profits are tracked in BTC. Same argument. Fiat or BTC ROI/profit.The flaw in your reasoning is that you are making an advisement based upon the assumption that the price will *certainly* be higher in the future. But what if the market goes down? If you buy BTC and the price goes down, you *always* take a loss. But with a miner it is possible to get >100% in a down market. Also consider that you still have the value of your hardware. Mining hardware depreciates faster than regular server or network equipment, much faster. 1 TH/s Dragons sold for $3,000-$4000 at launch early last year. Now you can get Antminer S5s brand new for like $300.5) Sure, you could buy more than 2 BTC at these prices, but if the price falls then you have 2 less valuable BTC. And, if the price goes down, difficulty can go down and you mine more BTC. Price can go up, down, sideways. Your guess is as good as mine.
I think the majority of us are in it for the long haul. Obviously you're focusing on the short term fiat amount for price stability's sake.6) I've owned numerous rigs and ASICs that have achieved 100% ROI *solely* due to the fact that I either paid with fiat directly, or paid wth BTC but immediately repurchased the amount I spent. In a few cases, the difference was >300%. Fiat vs BTC profit once again. Different strokes for different folks.Your approach to things isn't wrong, I'm not disputing the fiat approach to things. It's the current economic world we live in. If the approach is to accumulate as much Bitcoin as possible, then it is wrong, however. |
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Let's put it this way. It'd take you shorter to make 1 Bitcoin from leveling up and being a participant in a Signature Campaign in Bitcointalk, before you'd even get a fraction of a Bitcoin with $100 mining hardware.
With $100 today, you can buy 0.44 BTC which can possibly be worth alot more than your $100 investment.
Just buy it.
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I think they will just do it for the value of their own coins.
Great tactic from them.
Of course, they're doing it for the value of their own coins! You think they're doing this from the kindness of their hearts. That they're the Mother Theresa or Ghandhi of Bitcoin or something?! This is business, baby. They want to take that Facebook settlement money turn it into Bitcoin moon money and shart it all over Zuckerberg's face.  |
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These guys get it. Sell it all and invest the money in Bitcoin.
Selling those computers for bitcoin may be the best option.  If these are yours to do with as you please, including selling them, then your best bet is selling all of them either bulk or 1 by 1 for like $400 or $500 each, since you said they're decent spec. If you sold 100 pc's at an average of $500 per computer, use this $50,000 to buy Bitcoin, you'd accumulate 220 BTC. That's more than any mining or service you could ever provide. |
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Ok now i get what is alt coin but why is it so better than bicoins? And how do I mine it?  Altcoins are not so much better, they're all speculative pump and dump copycat coins to Bitcoin. That said, with the amount of small hash power you're mining with, they're the only coins worth mining in your case. In order to really acquire/accumulate Bitcoin, you're better off buying them off a exchange. If you're sticking to mining still, mine those alt coins, pick which one is hot at the moment here http://www.coinwarz.com/cryptocurrency then trade them for Bitcoin at an exchange like Crypstsy. |
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-snip-
Summary: Without free electricity it's highly likely that whatever you purchase through a manufacturer will even come close to ROI'ing at this point. With free electric and a bulk hardware purchase that results in some serious discounts there's a slim chance you'll get close (but doubtful) This, exactly. Without solar power from the Northern Lights, natural cooling from the North Pole, a handshake agreement with Bitfury to use a million of their ASICs for a cup of coffee, this is where we are at. Mining <> Profit No such thing as ROI as of today, 2015. |
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hello everybody . I discover crypto world to late I guess  I am searching some good crypto to invest fiat money . I like bitcoin, but why I feel I am going to take huge risk if I invest in btc? anyway I'm going to buy some.... do you thing btc is elite coin still ....? after the big bubble this thing looks very unstable...damn. my brother invest in gold ,but I like crypto so I probably continue my research....any advise guys? As with anything in life, investment, gamble, risk or otherwise, only invest the amount you're willing to lose. Bitcoin could very well go to Zero as well as it can go to the moon. Personally, I believe in the underlying technology and ideology behind Bitcoin, so I'm in for the long haul, but if you're in it for a quick buck, this isn't the place for you. |
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Wow redsn0w is back, left for only a couple days. Must've felt lonely without bitcointalk for days...
Yes , I can't (really) abandon the bitcoin world ( and obviously the forum) that's a revolution so let me participate in it. Nice, redsn0w! Welcome back from your 2 day hiatus! Thought we lost you there pal. Glad to know you're as passionate as I am. I've thought several times that I gotta leave this forum on the backburner for a few days or weeks, but I just can't do it. Once I'm on the internet browsing, all it takes is one click, and I'm back in this place called Bitcointalk. |
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This might be the only positive Butterfly Labs story in BitcoinTalk history. I can't believe I just read Butterfly Labs, refund, and ROI in the same thread title... |
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It is now a good time to buy miners with fiat, if you believe than BTC price will raise. good way to get positive ROI sooner.
As always, as it was in 2009, 2010, 2011, 2012, 2013, 2014, 2015....if you believe the price will rise, just buy the Bitcoin. You're throwing away money and wasting time buying miners, if you're doing it strictly on speculation. Too many factors against mining: electrical costs, downtime, upkeep, maintenance, cooling, difficulty, pool variance Just buy BTC at the moment, it's at a discount price! Bad logic. There are many reasons why buying a miner could be better than buying BTC. If people really believe that BTC will definitively increase in value, then the best option would seem to be selling everything you own for BTC that isn't essential to your immediate survival. Obviously, that would be an unbelievably risky move, so basically anyone will factor in at least *some* level of risk. For those who don't mind risk, buying BTC outright may be preferable. However, if you hate risk, buying a miner can be a much safer option, especially in a bear market. The trade off for that extra security is decreased profit potential over the long haul. You don't buy miners when the price slumps, you just buy BTC, if you're speculating on a price hike. You DO buy miners when the BTC fiat price is high, as it's more prohibitive to buy the coin outright, then it is to generate small amounts of it daily in hopes of making your fiat investment back. Simple math for ROI, dude. BTC In<=BTC Out Buying a miner now with fiat, no matter which miners, you'll net negative BTC. If you bought a miner for $500, mine back half a Bitcoin and Bitcoin spikes to $920 a Bitcoin, you're thinking, "WOW, I made back my investment!" WRONG! If you had bought $500 worth of Bitcoin, you'd have over 2 Bitcoins at today's price. It's throwing good money at bad investments. |
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just see the negativity around bitcoin right now!
Much of it is due to the continuing price crash and just look at the news around, reddit abandons its plans for cryptocurrency integration..
soon Microsoft and others will take a step back too. Paypal will not integrate. ETF will not happen. Be prepared for it. Hmm...still on the my Microsoft payment when I logged in a minute ago:  Paypal will not integrate. Hmm...first thing when I login to Paypal and click payment hub it's staring me in the face: https://www.paypal.com/webapps/mpp/paymentshubETF will not happen. Hmm...Winklevii said it's ready to launch in first quarter of 2015 http://insidebitcoins.com/news/winklevoss-bitcoin-etf-still-on-track-in-addition-to-gemini-exchange/29373Yea, I'd say you've been debunked. |
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It is now a good time to buy miners with fiat, if you believe than BTC price will raise. good way to get positive ROI sooner.
As always, as it was in 2009, 2010, 2011, 2012, 2013, 2014, 2015....if you believe the price will rise, just buy the Bitcoin. You're throwing away money and wasting time buying miners, if you're doing it strictly on speculation. Too many factors against mining: electrical costs, downtime, upkeep, maintenance, cooling, difficulty, pool variance Just buy BTC at the moment, it's at a discount price! |
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After signing onto Coinbase, you have to click on Receive then Bitcoin Address, then either copy and paste the address beginning with 1 or scan the QR code with your Blockchain.info app:  Pretty simple process, and you should get a pending transaction shortly afterwards. |
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