Why would I trust you with this? It sounds like you don't enjoy your life right now, so you don't want to live forever. I'm pretty sure if you enjoyed your life to its fullest potential you wouldn't want to die.

And personally, I could keep myself entertained for all of eternity quite easily. If you ever get bored it's your own fault, because you choose to be bored.

You need at least 0.001 Waves if you want to buy Waves in the Waves wallet with Bitcoin to pay the fees. A faucet can fix that, but it's an unpleasant surprise if you are not aware of this.

Everyone seems to think that the fork matters, so it's quite possible that it will keep growing at least until the fork before correcting.

Japan is way too hot on crypto to start cracking down on it like China. Keep in mind that Japan and China are vastly different countries with different mentalities too. While China loves to censor its people, Japan is much more forward oriented, perhaps due to their small size.
In either way, Japan has been a frontrunner when it comes to technology for a long time now, and I doubt crypto will be any different.

Not really. Bitcoin has existed for a while and it was just a matter of time before it would start exploding into the mainstream once it started hitting the mainstream news. We're nowhere near the end yet either.

Under- and overvalued are terms thrown around very carelessly on this forum... Just like bubble and scam... Wouldn't pay too much attention to it.

Agree with your assessment though, people don't seem to realize that it takes time to create real value.

Yes, 100m.

It's hard to overbuy BTC when it can be used as a currency, as an investment and as a vehicle for altcoin investments all at the same time.

I think Doge was before Whitepapers.

One of my favourite ICOs to stay very far away from.

I'm not in the US, but I'll take you up on the offer of PMing you since I have been thinking of moving there.

Also, I'm not cashing out any of my crypto portfolio into fiat and just letting it sit because there is zero tax on this type of long-term investment in my country with only one simple hoop to jump through.
Quite a few countries have exceptionally low taxes for long-term holds as well, which is why I brought this up in the first place.
And most people on here don't seem to think about taxes at all, which is another reason to bring it up. I am pretty sure that a lot of people will wake up to a very bad surprise if they actually manage to make any substantial profits and try to buy anything big.

That's very hard to answer.

If S2x makes the network much faster and cheaper to use, it could be possible that people would jump on Bitcoin even quicker than before, thus increasing the price. It's also possible that the Bitcoin profits will be cashed out and shifted into fiat and altcoins instead while waiting for the next rally.

In reality it will be a mix of the two and then some, and the course of Bitcoin will depend on which "flow" is stronger at the time.

In some countries they have to report immediately. And if there are any irregularities there might be a thorough investigation.

There are numerous cryptos that are pecked to a certain price. Just look at Tether, it's always at a fixed $1 USD.

And in the case of BananaCoin, it's simply that holding one coin will mean that you will later get the profits off of 1 kg of Bananas after they sell. It doesn't mean that the price of the token has to be exactly that, but you will get at least the price of one kg of bananas distributed to you after the sales.

People can choose to sell it for cheaper because they want to have liquidity now, or people can choose to pay more for a BananaCoin hoping to get the dividend multiple times in the future.

Be careful about having a "too wide" portfolio though. There are a lot of people who assume that diversification means buying as many assets as possible. That's not the case though. It's better to have a few really strong assets than a lot of mediocre ones. So it always pays to do extremely thorough research on every investment.

I provided detailed reasoning several times. And it should be obvious to anyone with the most basic understandings of business structures.

But anyway, since you prefer insulting over turning on your brain, here's some hard data.


A single S9 unit costs around $3500 right now and draws 1400 Watts. At 10 cents per KWH and current Bitcoin prices that means a profit of just under $15 a day, which means 8 months of mining to break-even. And this is before the adjusting difficulty or any increase or decline in prices.

Now, since mining is a multi-billion dollar corporate endeavour these days, said corporations will rush to increase their hashrate as soon as they possibly can if the prices allow to do so. And since they are fucking billion-dollar corporations, they will get better prices on hardware, thus further increasing their profitability by decreased costs. Hence, the hashrate will increase very rapidly whenever there is a significant increase in prices (which has happened literally every single time so far in the history of every single cryptocurrency).

As a result, the above estimate will be on the low end even with Bitcoin prices increasing, so in reality you will be looking at longer than 8 months to make your money back. On top of that you have the opportunity cost of losing out on Bitcoin's price increase, that this year around would've equalled a break-even period of less than two months average, which is four times higher than the generous estimate of 8 months on the miner.
The one and only benefit that a miner offers over buying Bitcoin directly is the fact that it could potentially be resold and thus serve as a hedge. This however, is only viable in the event that Bitcoin remains popular, in which case you'll profit significantly more by just holding the coins.

In the event that Bitcoin decreases in popularity, not only your profits will go down by mining, but the resale value will decrease significantly as well because ASICs are completely useless for anything else.
In anyway, the point that I've repeatedly made remains. Unless you're a hobby nerd and want to try out mining for fun, or have a significant amount of wealth invested in crypto that you want hedged against the high volatility and have competitive electricty prices (sub 5 cents because the giant farms will drive the profits down into this range) it makes no sense to buy ASICs to mine Bitcoin.

And in the case of a hobby miner you're better of with GPUs due to the ease of resale in case of crypto going south.



Sorry for taking a dump on your lawn, since you're clearly into mining. But it just simply makes no sense for low net worth individuals from a strictly economic perspective.


P.S. This is calculated at the $7530 price, only a month ago the profit would've been around $8 per day, equating to a break-even period of at least 14 months before adjusting for changes in hash rate. Pretty fucking shitty ROI for a crypto investment.

P.P.S. Complaining about people "sitting high and mighty" immediately invalidates all of your posts. Shows that you can't argue or reason without getting emotional or personal. I recommend working on that.

1 Doge = $100? Wow. Screw Bitcoin amirite guys

Don't really know, but it works on etherscan.

On Bittrex.

It's a pretty good investment if their numbers are right actually.