The price has never dropped to a point where mining become totally unprofittable. The last drop to below $200 still on the mark where mining is barely profittable in some places but if it drop to $100 or below it, mining will not be profittable at all anymore (unless you manage to get a free electricity or else) . So at this point, high chance that the number people jumping off the ship will be bigger and also that it could mark as the start of heavy sell pressure constantly
I disagree with that. I'm not so much familiar with the bitcoin mining as to declare some sweeping assertions and final judgments, but AFAIK, the mining difficulty decreases when miners fall off. So, in a sense, the system is automatically load-balanced (to keep it going), and therefore mining will always remain profitable in the long run, at least to some miners... Until the number of coins to mine is exhausted, of course I guess mining bitcoin take so long time but you can't get some profit due to the expenses of your equipments? How can it will remain profitable in a long run? With longer mining your cost will become bigger and bigger and I dont think you can cover it with your profit from mining I don't mean that mining will remain profitable for everyone. I mean there will always be some miners for whom mining will bring in profits. When miners which suffer losses stop mining, the mining difficulty decreases, which allows the remaining miners (that are on margin) earn more with their existing equipment... It is a dynamic system which balances itself through the mining difficulty, thereby offsetting the price changes If some miners are suffer losses, all miners will do the same right? Because they mine bitcoin together if one loss others will loss to except they are gambling to hold and continue mining? Is that what you mean? Although some miners on losses they will mine again until they are on profit? |
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The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.
This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it The biggest problem is, I can't spend my bitcoin in any real shop that accept it in my city, so I must exchange it to fiat before if I want to buy a stuff. I hope there will be real shop that accept bitcoin sooner.
I dont know about your city but there are plenty shop that accept bitcoin as their payment out there and from what I heard they also build some ATM machine for some people to get their bitcoin too from a mall so I guess some shops will open in no time. Cheer up  |
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Hah yea, about -0.02 BTC from my altcoin investment. I earned a big pile of .... I hope i can recover it fast  -0.02 is not that much. In lower than one weeks you can earn it again so nothing to be afraid off. I am sure that you can recover it fast enough or may be you can try gambling it you will double it win or loss but since it is only 0.02 it is worth a try |
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The article says it’s for «The person who gets paid in BTC, and knows where every Bitcoin ATM in the city, even the state, is." I wonder, if one leaves emotions behind, are these really good reasons to believe so? It would be very very difficult to buy bitcoins if it was worth a lot more than the current prices. More people can afford a single Bitcoin with the current price. Additionally , it will not be stuck in the lower price forever. I think it is for the newbies so they can buy some bitcoins and hold on it for the future high rise in prices. Yes its true to buy bitcoin if the price are in high, but there are many ways to earn bitcoin too besides from buying, you can earn it through campaign, selling items, doing some design, and many things, with this you can earn your bitcoin in no time and with this result you can start trading bitcoin or whatever coin you want to trade. So it is not that difficult to get some bitcoin |
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It doesn't matter if many were hurt (in fact, you said few while meaning many, as I got it). I guess yet more had been hurt (mildly speaking) when the price collapsed from over $1,100 to mere $250, and so what? Today's price is above $250, thereby it doesn't count a fuck if someone jumped off the ship when it dropped to $160...
Market never lies
The price has never dropped to a point where mining become totally unprofittable. The last drop to below $200 still on the mark where mining is barely profittable in some places but if it drop to $100 or below it, mining will not be profittable at all anymore (unless you manage to get a free electricity or else) . So at this point, high chance that the number people jumping off the ship will be bigger and also that it could mark as the start of heavy sell pressure constantly I disagree with that. I'm not so much familiar with the bitcoin mining as to declare some sweeping assertions and final judgments, but AFAIK, the mining difficulty decreases when miners fall off. So, in a sense, the system is automatically load-balanced (to keep it going), and therefore mining will always remain profitable in the long run, at least to some miners... Until the number of coins to mine is exhausted, of course I guess mining bitcoin take so long time but you can't get some profit due to the expenses of your equipments? How can it will remain profitable in a long run? With longer mining your cost will become bigger and bigger and I dont think you can cover it with your profit from mining |
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As far as i know signature campaign only earn more.
But based on other views i also heard about gambling which also pays more.
You can hav a look at that.
gambling is not good at all, better to play with forex and stock , by using bitcoin, the gain are assured and it is fairly easy, i'm at 37% gain now with 1broker there is a guide in the trading discussion check it Can you explain more on this please. here a guide https://bitcointalk.org/index.php?topic=1102823.msg11760853#msg11760853I guess playing forex and some stiocks you really need some good guide or maybe some tricks, you can't directly make some profit without any experience plus using bitcoin to play is far more risky. I dont know the details about it actually just know few and what I do know forex is little bit to risky to play thats why I just do bitcoin trading is safer than forex. And forex you need a lot of capital to earn more otherwise you can get bitcoin with doing some work and do little trading and gambling for once a while so it is not that risky |
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I think both. Gold and bitcoin . Nowadays is toot risky invest in 1 item.
Yes you can diversify it to both of them but saying gold is risky enough to invest I dont think so because gold price is stable and it will rise each year so gold is not a risky investment to make. May be bitcoin is risky but it depends on how you trade it and you need some luck too |
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Biggest problem ? I have 2 big problem First, very slow confirmation time. Sometimes it could take an hour  Second, TX fees. It's only 0.0001 BTC / transaction but i've done a lot of transaction & about 0.01 BTC has been spend only for transaction fee I guess confirmation time is depends on how much transaction you do it? May be a little transaction need a lot of confirmation time. I guess I never have problem with confirmation time. It takes around 15 min maximum never hit more than 15 minutes before. And about the transaction fee I think 0.0001 is low enough per transaction. Why dont you try to send more rather than deversify it. It will cost you less and the confirmation time will high enough |
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Making something a success takes many many knock backs to get to, the so called times that have ruined ones life are a valuable lesson for the next stages of ones life. Learn and move on don't hold onto negative thoughts and experiences.
You are right about it can become an obsession because it was for me but I realised it was becoming a problem so spent less time at the computer and more time living, enjoying life with family. Moderation is key to all things including bitcoin.
All in all it has helped me and my life, I believe in bitcoin and I've gained a easier life because of it so cheers for the future.
I think it would be smart to say that discipline is the key to life. I have divided my daily life about how much tiem I would give to my work, fam, hobbies and other investment and profit, extra business things. I have found enough success in bitcoins and have big plans ahead. Its wise to divide time and not obsess over btc.. yes? Its true. In every part of life you will need to be discipline in order to get what you want. Same as when you are getting some money you need discipline to save more money rather than using it for having fun or gambling waste it just for fun. Discipline in everything you did, you will see the result later |
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As far as i know signature campaign only earn more.
But based on other views i also heard about gambling which also pays more.
You can hav a look at that.
Using both of them you will earn more but gambling is have a higher risk than signature campaign, I can say that signature campaign is far more better than gambling because gambling you will win or lose all but with signature campaign the payout is determined by your activity in this forum and you post quality |
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Or have we taken a step backwards to stuffing our mattresses with paper notes, and hiding USB sticks in the attic?
So - in your opinion what are the most secure on-line wallets, and are any of them actually secure enough to use (for the average grand mother, baker, postman, computer uninterested person, 89 year old etc)?
I guess there are no any secure online wallet like you asking and every online wallet is having chance to get attacked so if you want to save your bitcoin try cold storage like paper wallet. May be it will help you secure it https://greenaddress.it/ is probable the safest imho, since it is multisig and funds can't be moved unless someone has both the keys but I still can't get myself to trust any online wallet. Btw is that greenaddress is safe enough? Because if Im not mistaken someone claim that greenaddress is scam because he can't even withdraw his bitcoin there. If Im not mistaken he got 10 bitcoin there and he already emailed them but no reply after 24 hours |
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Investing is extremely risky, as the chance of loss is high and it may be a big loss. But there are also chances for high rewards. Relatively low risk investments are good options. Saving money is always a good option too, but I am not sure which one is better.
Nope if you know which one is a good for your investment with your capital, I guess everything must be plan before you make a move. One wrong move everything will be ruin. Both of them are good enough, if you dont know which one good better diversify it 50/50 or may be 60/40 its up to you whether you dare to risk or not That is true and good advice. When investing, it is a good idea to spread out and diversify your investments. That way, if one investment goes wrong, you will not lose all your money, because you have investments in other things. But if the investment is certainly advantageous and very safe you better use all your money, because sometimes after we receive the results, and we do not use all of our money, in the end we are going to regret it, but it should be remembered that investment is very safe. There are no investment that have no risks, all investment need some risks to do and you will get a huge profit. If you want a safe invesments better save it at bank and you will earn you profit there around 5-7% per year and you need to pay a lot of fee that you will have your payout below 5-7% |
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BitCoin is not as reliable as gold (since it's relatively a new) if I want to invest a lot of money on one. I would rather invest in gold since there's a guarantee that the prices of gold will rise in the upcoming years.
I guess you said gold is more reliable because of the stable price and it is a long term investment but bitcoin still in a labile time because of the volatile price, if one day bitcoin has a stable price Im sure that no one can compare to bitcoin again and bitcoin will be threat to fiat |
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So you want one person making all the decisions for bitcoin and you want people diversifying and buying altcoins? Might be the 2 worst ideas ever...
just the update alert, which is different from having consensus on a specific upgrade about bitcoin, still i'm a partially against the idea of diversificate your money in mnany altcoin, at best i could diversificate in one altcoin only additionally to bitcoin, and that's monero probably Personally I wouldn't bother with alts. None of them show the promise that bitcoin does. As for putting savings into bitcoin I'd put an amount you can afford or more importantly are comfortable with. I think bitcoin will be a good investment longterm but its certainly not guranteed. There are some altcoin that have a real high volume of trading like ltc and dashcoin, may be that will be nice if you trade them because of the higher volume people will tend to trade there and you will get good profit too from them. But dont hope from new altcoin, most of them will just waste your time except you can pick a good one to mine LTC is always just going to be seen as a second best thing to bitcoin but it is worth very little without any merchants behind it or mainstream adoption. Yes but you still have two choices to make, trading bitcoin or litecoin or you can do both to earn more, it is all your choice to make although it is just a second it can still earn you a lot Nope, lowering possible gains and loses in trading? I dont think that is a really good idea because there is no way that you will lose in bitcoin trading, it is fast or slow that you will get your profit so the risk will be minimalize from doing trading. Besides gambling is far to fast to drop your bitcoin, and I guess with today win you really need luck and do you think tomorrow you will have this kind of luck? In the end people will lose it in gambling because we never win the house, except you stop and wwithdraw it when you are winning some
It's not a good idea but that's how trading looks compared to gambling. Even though you're investing it all you can't lose it all, while putting on your money on a casino table at once can leave you penniless in an instant. Gambling is risky but so is trading, who knows maybe tomorrow we'll wake up to Bitcoin being worth $200 and then what? Do you think people who bought at $1000 knew that the next day they'll see $800 and so on? Nope trading is different from gambling, the gap is to far between them. Trading you can minimalize your loss but gambling is really far worse when you are in lucky. I experienced both of them and feel like trading is much better although the price suddenly drop or anything. Its true that people can't predict the future thats why I never hold bitcoin when it comes to my offline time. Im not risking my bitcoin value by hoping the price going up, how about if I hold up and later the price suddenly drop when Im off? I guess that is much worse, I will lose some of my bitcoin value So you're a cautious trader, some might even say a scared one if you liquidate every time you go offline. You're afraid of the BTC price going down but you're not afraid of the price of fiat doing the same? I stopped trading because sudden movements were usually happening when I went to bed and I ended up losing sleep watching the charts. Since I was trading with just 2-3 BTC it wasn't worth it. Yes Im a cautious trader like you said and I pick this move because I have spare with fiat so I didnt scare about my fiat price will going up or down. And I never bother about my fiat that is not a problem I guess. The problem is I need to get back my fiat with trading bitcoin Do you also remove fiat from the exchange after selling your coins or keep it there? Sounds like a lot of hassle for a trader to get rid of everything simply because he won't be able to trade at a certain period.
I always keep my money in my exchanger so when I come back online I will start my method again. It is a good gain to use this method, rather than gambling too much on trading hoping the price will going to moon but the result is price down. You will lose your value here. Btw I have use this method quite some time and it earns me a good profit |
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Yes, Bitcoin is my retirement plan, but not the only one  I have used btc to invest in stock too, and my plan is to keep it in the wallet till it grows out and the price raise 'to the moon'. They say that sky is the limit but why should I stop if there are foot prints on the moon?  I have faith in my investments and my decisions and hope everything turns out good for all of us If you have free time, I think you need to do trading your bitcoin to get higher profit than keep it in wallet. You can read the strategy of trading in this thread https://bitcointalk.org/index.php?topic=1058393.0 Anyway good luck on your plan. Yes its true trading can earn you a lot of profit too and dont forget about altcoin too, some people say that using mining altcoin is a great way to earn your bitcoin too if you pick a right choice |
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Keep digging for as many bitcoins as you can. however, if you're able to manage 1-3 bitcoins at the moment, that's more than enough. their value will be around 0.5-2.5 millions in the next 20 years and you'll have quite a life after that. though i'll suggest you to keep studying the market etc. once you have the coins and look for even better opportunities. All the best. If everything works as i speculate you'll be able to buy a yatch too!
How can you so sure about your prediction? I guess there are many prediction outhere that didnt point out that much in around 20 years. This is all just speculation you will need to earn as much as you can now so later in 20 years later you will have enough money for you and for your next generation. If you just aim 1-3 bitcoin, this is just an absurd thinking |
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I lost some in altcoin trading today. Damn, I don't want to trade altcoins again. It's too hard to predict their moves.
Its true that altcoin is hard to predict but if you pick the right one you will sure get a lot of profit. Btw which altcoin did you trade? Is it a new altcoin or old? Because there are several altcoin like litcoin or dashcoin is nice to trade too and it is safer than new altcoin
But it also has a big risk, so my advice trading on half a old alt-coin and trading on half a new alt-coin
When you do not get profit in new Alt-coin , you still get profit on trading in old Alt-coin.  Its true you can get a lot from it but you need to find the right one and that is really need a real luck to pick one, that is to high risk to do it although you diversify it with old and new altcoin, compare to bitcoin itself it is safer and have a nice profit too. How come you are so sure about getting profit? Sometimes you will lose both of them in new altcoin and old altcoin. I guess that is nothing you can predict It depends on luck, some people have good luck and some have bad luck. In game one player win and other loose. Gambling is not for newbie,Jr member etc. And yes if you win you want to spend more btc on gambling.
I guess there is no guarantee that higher member will earn a lot. You can't forbid them from gambling if they got low rank, gambling is free for all players no exception |
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I guess there are many people said that they get a good profit from mining altcoin here, so why now you suggest us to wasting out time there? Yes it is wasting time because you can't miss any chance of rising so I didnt understand why you ask us to left there when it still can earn you really good amount of money?
Mining expenses have increased so much that it has become irrelevant to invest in mining as the price of bitcoin has also fallen. If it was 1000$ per btc now, then mining would be profitable but the price drop has clearly put so many miners into loss and so many of them have quit mining. My best friend is one of them. There is nothing left in mining for us, the cost of mining exceeds way more than any profit made (atleast as of now, maybe hardware changes in future change things) Btw Im saying about mining altcoin, it wont cost you that much right? You can rent through some website too like hashnet to get some pool mining, you dont need to do it alone buying so many mining equipment. This will cost you high for sure, but if you rent some GHs may be it will lessen your cost with recent price. |
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Buy low sell high, but it's better if you have around 50. But that's the only way unless you want to try gambling. .
To simple for you to think that you can hit low price and then hit the high price again. It is easy to say but so hard when you want to do this. Bitcoin price is volatile and it is not that easy to predict that you will buy on the low price and always can sell it at the high peak, you must make some mistake when you think this is so simple, with experince trader sometimes make mistake too because of this. If you're looking for profit, this isn't the forum you want to invest big. But you can try a good gambling site
This forum is good for earning some bitcoin from signature campaign, it is still got the best payout and its the safest so rather you gambling its better try to make some constructive post so they will pay you higher |
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Why not? Greek's fiat money and banks have failed it's people. a population which sees it's current economy decline so badly would try to find some refuge. And bitcoin is one virtual global currency. Had I been one of them I would have chosen the bitcoin as my saviour as well. Though this shoot of usage of the bitcoin in Greece will help raise the price of the bitcoins as well so Oohho!
Yes they failed the people there and you can't withdraw any money too so how come are you going to ask them to move to bitcoin when there is no money left on them? I guess they need a lot of money to make a new start on bitcoin |
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