I'm happy with my +2297.74% in two years.
But you've only joined this forum in June and were buying in the 600s? Can you explain how you calculate your profits? I'm doing fine, don't care about me. +2297.74% in two years is great by anyone's standards, I'm just trying to wrap my head around how such numbers can be achieved when you clearly have also bought in the 600 range. Or did you actually stop buying once bitcoin price broke $13? I want to learn from you, dakota neat, help me.
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I'm happy with my +2297.74% in two years.
But you've only joined this forum in June and were buying in the 600s? Can you explain how you calculate your profits?
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Our very DNA is nothing more than a wind-up toy. One which long ago departed from its original course.
What you are suggesting is clockwork determinism, an interesting (and quite tenable) philosophical notion, though one which precludes free will altogether. In other words, "departing from the original course" is the preprogrammed course.
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are we talking about 1 year timeframe or 24 hour timeframe In the past 24 hrs, the average time to solve a block is down to 8 min. 37sec. 10 min. blocks would yield 10% inflation, longer=lower inflation; shorter=higher.
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... ah yes, hashrate is nearing ATH again ! shhh... when will the price get to ATH instead The hashrate has been consistently at the ATH, because until the last two difficulty adjustments it has been climbing. Hashrate dropping means miners are shutting off their gear. nope they are not, a lot of them are mining paycoin... now that paycoin goes into pos, they were back... yay... ATH again I'm surprised by the transparency of bitcoin shilling in this thread, was hoping for a more mature discussion. https://bitcoinwisdom.com/bitcoin/difficultyBitcoin Difficulty: 39,457,671,307 Estimated Next Difficulty: 40,614,805,447 (+2.93%)Adjust time: After 173 Blocks, About 1.1 days Hashrate(?): 321,214,650 GH/s Block Generation Time(?): 1 block: 9.1 minutes http://www.coindesk.com/data/bitcoin/"Avg. time to mine a block 08m 37s"
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I quoted the post you have provided. Please follow your link to read the words "(These are made up numbers)."
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... ah yes, hashrate is nearing ATH again ! shhh... when will the price get to ATH instead The hashrate has been consistently at the ATH, because until the last two difficulty adjustments it has been climbing. Hashrate dropping means miners are shutting off their gear. nope they are not, a lot of them are mining paycoin... now that paycoin goes into pos, they were back... yay... ATH again I'm surprised by the transparency of bitcoin shilling in this thread, was hoping for a more mature discussion.
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I think bitcoin which is up +2251.12% in two years can deal with 15% inflation.
What? Didn't you know that Bitcoin only started a little over a year ago at over $1000 and has been falling ever since on its way to zero? It's a South Seas Ponzi beanie baby tulip pyramid scam. All the famous financial experts say so, so it must be. Or are you some sort of commie libertarian koolade-drinking conspiracy cultist? With the exception of bitcoin being started a year ago, you're not that far from the truth.
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I think i see the problem [...] (These are made up numbers) [...] sarcasm on yeah riiight... the math behind bitcorn is just a made up numbers...
sarcasm off That's not the math behind bitcoin, "(These are made up numbers)" is quoted from the link you have provided.
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... ah yes, hashrate is nearing ATH again ! shhh... when will the price get to ATH instead The hashrate has been consistently at the ATH, because until the last two difficulty adjustments it has been climbing. Hashrate dropping means miners are shutting off their gear.
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I think i see the problem [...] (These are made up numbers) [...]
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^I take it you've already spent all of your money on bitcoin when it was trading at a much higher price. Otherwise you'd have money to buy some now.
I'm buying with both hands. Seems like your hands are empty, because no volume. You're not alone tho, pretty much all of the bitcoin faithful pawned their families a while ago to buy coins, now all they can do is watch. Holding is a good strategy. Perhaps, but that's not the point. There are 3,600 bitcoins mined per day when the hashrate is static, more when it is increasing. The majority of these coins are sold to pay for electricity and upkeep of the mines, bills need to be paid. This means that even if every bitcoiner just hodls, new money has to come into the system to maintain the price. In other words, the bitcoin network is printing money at a rate of around 15% per year. This is just like the FED printing 15% more dollars a year - both debase the underlying currency by 15%. 15% is a lot above reality. 10/11% is a better approximation. 15% is actually pretty close if we're talking YTD. Remember, the difficulty was going up in double digits. In the past 24 hrs, the average time to solve a block is down to 8 min. 37sec. 10 min. blocks would yield 10% inflation, longer=lower inflation; shorter=higher.
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That's not math, that's called making silly assumptions and curve fitting. The curve fits very poorly, BTW, even when plotted over log scale.
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^I take it you've already spent all of your money on bitcoin when it was trading at a much higher price. Otherwise you'd have money to buy some now.
I'm buying with both hands. Seems like your hands are empty, because no volume. You're not alone tho, pretty much all of the bitcoin faithful pawned their families a while ago to buy coins, now all they can do is watch. Holding is a good strategy. Perhaps, but that's not the point. There are 3,600 bitcoins mined per day when the hashrate is static, more when it is increasing. The majority of these coins are sold to pay for electricity and upkeep of the mines, bills need to be paid. This means that even if every bitcoiner just hodls, new money has to come into the system to maintain the price. In other words, the bitcoin network is printing money at a rate of around 15% per year. This is just like the FED printing 15% more dollars a year - both debase the underlying currency by 15%.
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^I take it you've already spent all of your money on bitcoin when it was trading at a much higher price. Otherwise you'd have money to buy some now.
I'm buying with both hands. Seems like your hands are empty, because no volume. You're not alone tho, pretty much all of the bitcoin faithful pawned their families a while ago to buy coins, now all they can do is watch.
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^I take it you've already spent all of your money on bitcoin when it was trading at a much higher price. Otherwise you'd have money to buy some now.
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Russia seem intent on moving away from the dollar, I don't understand why they have any rules against bitcoin, they could be pioneers in the post USD world.
Since the Soviet days, the Russian people have loved the dollar. Holding USD wasn't legal back then, but the elite were allowed to convert USD & other hard currencies into scrip called "voluta," with which one could buy pretty much anything in special valuta stores like "Berezka." If you mean "why does the Russian government make laws against Bitcoin," the answer is for the same reason it makes laws against counterfeit ruble: It competes with the ruble, it debases the ruble, its creation and issuance can not be controlled by the central bank.
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I'm sorry Adam your thread is now nearly useless. It does however focus most of the naysayers in one place , acting as a fly trap if you will. If you are antibitcoin I ask that whatever bears still have coins.....please form a coordinated dump so my now **Daily**fixed USD buys get me more coins. --100% serious, please dump all you have and cut your losses You buy a fixed amount daily, bears dump a fixed amount daily. It all works out & becomes a part of the wonderful fabric we call the free market.
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^Yes, but you need one of those 220 dryer outlets. Got one?
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Not sure what numbers you're looking for -- we've already seen 1110@฿0.00155000 If you weren't too stubborn to take advice, you would have been at least 3x richer than you are now -- or had 3x as many shares if you don't like money.
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