Potential Greek exit would destroy the entire Eurozone.
Greece only makes up for ~3.4% of the Eurozone. For Americans: It's like New Jersey leaving the Federal Reserve System. Would it hurt? Yes. Would it destroy the system? Nope. It may not destroy the system at once, but it can well be the first step toward destruction and mark a beginning of the meltdown. When something happens for the first time, you may well expect things to continue on this route further on... Especially that public sentiments about Euro are getting worse and worse, also in fully developed countries. |
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All the blame goes to the Internet!
Yeah. Like the fiat money is not being used for criminal purposes  Cash is even harder to controll than cryptos, and bitcoin especially as it is not 100% anonymous. Authorities just dont like internet and related themes, as a "techy-sketchy things for kids trying to cheat us". |
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I am waiting for 101$, as at 100$ price will rebounce immediatelly  These psychological price borders are funny thing. |
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If you still want to use online wallets, try some linux distribution that is set just only for that purpose. Maybe TAILS?
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OP has just invented new way to scam people, at least quite funny  |
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waiting for $100 is like wasting your time. i doubt it will even go below $200
current price makes me buying a certain amount of btc per month.
Your not the only one i have been buying what i can afford it bitcoin each month for awhile now, while it is at these levels i am as happy as i would be at the $500, once it goes the days of getting in this cheap are gone just hope we have enough stocked. No op i am not waiting for $100 but if it comes i will risk it and break number one rule investing more than i can afford to lose just this once and hopefully that pays off Sounds like you're investing with your heart and not your brain. Never a good thing. Not even "just this one time". Yeah, bad idea to invest with what you can not afford to lose even if it may seem like a super mega obvious guaranteed chance to make measly gains. The possibilities of BTC going to 0 are tiny compared to it going to 100K dollars, but its still a possibility. People who would like to invest more than they can afford should consider time needed for some reasonable price, and ask themselves a question "How long can I live on debt waiting for profit?" |
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without 3rd party infrastructure bitcoin is nothing more that just line of code unfortunately.
Only if you treat BTC as an temporary asset, that in the end will be converted back to fiat money. Point of view may change if you can spend bitcoins to buy something. |
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Well, if bitcoin goes under 100% then i'll go on and mine an another coin.
There are not so many SHA-256 coins that are worth to mine. |
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Anyone who has such pile of BTC would say the same and spread that word among people  |
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If only price changes would be related to the incoming halvings... gonna be too easy  |
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Maybe the reason is that some developing countries unofficialy use USD as their real currency? I wonder how much US dollars are circulating outside US borders.
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Plus the prices will look a bit hilarious =12 612 651 bits? A bit like the Zimbabwe dollar.
You are free to write it as 0,12 BTC. The same way as you are not paying someone 1250 cents, but 12,5 $ I like the idea and ƀ
symbol is great idea. Only problems may arise from the huge difference in nominal values between BTC and bit, but it is still better than weird decimal notation. |
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Maybe think about prepaid card, associated with one of the electronic payment services? That way you are bypassing banking system.
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Well from what I have seen is that some people will buy an ASIC miner, run it for some period of time and then resell it. If they time everything correctly then the sum of the mining revenue and the amount they receive when they will it will be greater then the sum of the price they paid plus their cost of electricity
1. Hou have to be very first in new batch order list ( I mean your miners have to be most efficient one at the moment) 2. There is some luck needed to get your gear shipped and delivered in promised time 3. You can just be scammed |
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But one thing it's true... there's only few countries wih a "combination of things" that contribute to BTC mining.
There's a lot things to embarass everything, like regional monetary problem, government issues, state intervention, taxes, nonpopularity (and I think it's bad), and lotta things that don't mean shit to talk here.
In my opinion, mining is becoming the inverse of what a majority of us believed in.
Im afraid you are right. Centralisation of mining is happening and this is the inverse of what bitcoin is ion my opinion. I really dont know what we could do to change that. In my opinion there is nothing we can do. Mining can't be profitable for everyone forever. It's a natural thing that more and more efficient miners appear in the game. Competition is is something unavoidable in many aspects of life, so it is in mining. |
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According to the latest posts, subject of the thread should be changed to:
"What is minimal BTC amount that could let me retire in 20 years and provide average, decent living standard?"
Seriously, it's not about telling someone: "Dude, get 50000 or better 75000 BTC" (btw. we should not talking from the perspective of current exchange prices).
Average, decent living standard where ? Let's say, in one of the developed countries. Of course you can spend even 50000/day like mentioned, but that isn't the point. |
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BTC is still in its development age and if it suddenly reach price levels of +1000$ you have to be cautious. Only steady and long term price growth could bring us to that limits, that could be a safe base to invest if you expect BTC above 1200$.
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I dont get the subject of your thread. You are talking about profitable mining or just to be part of the chain
If you don't mind costs, set up rig and contribute hashrate to the network if it can give you some of satisfaction, but don't expect any other kind of profits. Probably you won't make even ROI. |
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According to the latest posts, subject of the thread should be changed to:
"What is minimal BTC amount that could let me retire in 20 years and provide average, decent living standard?"
Seriously, it's not about telling someone: "Dude, get 50000 or better 75000 BTC" (btw. we should not talking from the perspective of current exchange prices).
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The masses already accept a fiat based reserve currency that is nothing more than monopoly money, does anyone think they will reject a similar digital one?
We know there is no difference, but common people have deeply rooted, strong conviction that something strong and durable stands behind their paper notes. Maybe there is a need of educating people not only about what bitcoin, but also fiat money really is? |
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