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Voted flash crash to 450.
Seen too many times this happen recently. More than average even by bitcoin standard.
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Why are people still talking about "risk"? The tech is solid, adoption is growing at an incredible pace, the economic theory underlying the system is sound. The only real risk is that someone steals your private keys, and with an offline install that risk is pretty much zero. I can't think of a better risk/reward investment. We are literally sitting on the investment opportunity of a lifetime, and at the same time it is among the safest of investments possible. What is wrong with you people?
All the pro do not automatically translate into price increase. Price only depends on two factors, supply and demand. |
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Can you spend these on coke machines?
All the coin vending machines won't work in that country. |
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Fractional Reserve System is what prevented a lot of banks from going under during the last recession.
Just imagine, if banks had chosen just to hold 2-3% reserves, how many banks would have failed.
I think you have more or less contradicted yourself. Banks need to operate on a fractional reserve system to survive, as if they cannot leverage their own money they would not be able to make enough money to pay their expenses. However if banks are over-leveraged then they will have a much greater chance of failing when the economy turn sour as it did in 2008/9. Not really. The Fractional Reserve Requirement is what prevented banks from over-leveraging. We should be thankful that their are standards in place. I am not sure what you are talking about. Part of the reason for the financial crisis is that some banks were massively over-leveraged. Some had in excess of 40 to 1 leverage. I don't think you are talking about banks. Banks have stringent reserve requirements, partly because they hold deposits of people. Other financial institutions, which are not subject to stringent regulations, can have very high leverage. Glass Steagall removed all the constraints during Clinton years. And Bush took a blame for all the ill-effect. |
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Hello! I have My own power source (solar and wind) should I start mining?
And if so what should my first purchase be?
More profitable to offer hosting service to other miners than do the mining yourself. Remember there is price fluctuation risk. |
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There is no plunge, it is normal fluctuation. Please ignore people spreading FUD so they can buy cheap.
$500 per coin that is backed by nothing but free market is by no mean cheap. Not saying it won't go higher, but people should be aware of what they are buying. |
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Anyone that wondered about the increased volume on BTCCHINA, the following is the reason. https://vip.btcchina.com/page/feeTrading Fee BTC/CNY: Free. LTC/CNY: Free. LTC/BTC: Free. We can now probably estimate a lot better what the real trading volume on the chinese exchanges is. It switched from ~3000-6000 to 30000-50000 BTCSo their (Huobi,OKcoin) "real" trading volume is almost inflated ~10x. The trading figure is probably true given it has 0 fee. This is based on the estimate that I will trade 10 times as much on btc-e and bitstamp if they offer 0 fee. |
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https://tradeblock.com/mining/Even with free electricity, the ROI on antminer s3 is so low that it is not even worth taking the risk (price and downtime).
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If you are just trying for hobby for the 1st time, you should probably get usb asic miner rather than antminer s3.
Cheaper way to try new toy without wasting time trying to figure out how to set up and get things running.
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http://www.forbes.com/sites/kashmirhill/2014/06/26/bitcoin-bitstamp/Charging trading fees ranging from .5% to .2%, Bitstamp’s founders make clear in their steady, confident way that they are making bank. Their monthly revenue at current trading volume — which is lower than usual — is between $700,000 and $900,000 USD. “We’re not the richest people in Slovenia, but we may be the richest 20-year-olds,” says Merlak. Kind of make me wonder why there are so few exchanges spring up to compete with them if the profit is so high. If some 20-year-olds kids can do it, surely some experience people will be able to do it too. |
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My question:
Why o why didn't you save your wallet private key?
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Yea sir many ideas but not know where to start profitabily
There is no profit in mining. The cost of one bitcoin on the exchange right now is around $510. If you do mining, the cost of one bitcoin is around $600 if you use antminer s3. Do the comparison and figure out where the price is heading and profit from the price difference. |
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The production cost is quite low once you have the chip.
The reason why you see them keep selling and even mining themselves because their cost is way lower than an average miner.
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There are many types of trolls.
Failling is the funny type which keep majority of us here entertain.
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500+. Someone is scooping up all the cheap coins all the way from 475.
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https://tradeblock.com/mining/Run a profit simulator before you start. Remember to include hosting and electricity cost as well as hardware depreciation cost.
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The cost to price each bitcoin is around 597. And the cost to buy one coin directly is less than 500 dollars.
The choice is rather clear if you should mine or buy.
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For long term, buy and hold.
Short term wise, it looks like dead cat bouncing.
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Both are at around the cost of production, but Bitcoin definitely has farther to go, so it's a no brainier until we see $100,000 coins..
farther to go up or down?  He obviously mean going up mentioning 100,000 number. Given the price dropped lately, I would be happy if the correction in the last few weeks do not change bitcoin outlook long term. |
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