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181  Other / Beginners & Help / Re: My Newbie Trading Story on: December 05, 2014, 10:57:58 PM
Its great that you are winning while trading. Its good till you lose big.

My advise - take out profits at regular intervals. Don't get greedy and go all in everytime. A few bad calls and you'll end up in red.
182  Other / Beginners & Help / Re: Trust feature on this forum? on: December 05, 2014, 10:56:12 PM
Mods don't moderate the trust system.

Search the meta forum to see some criticism about the truth system and about people complaining about the Vod's trust rates.


Cheers

Thanks, but Meta forum? Where?

Here only https://bitcointalk.org/index.php?board=24.0

Come over there, you will get a good laugh Grin
183  Economy / Speculation / Re: Do you think 1.00 BTC will worth more than $10,000.00 USD at any time in 2015? on: December 05, 2014, 10:54:55 PM
No, not at all.

We would do well to break out of the multi-year bear market predicted a few good TA analysts. I would be more than happy with a new ATH.
184  Economy / Service Discussion / Re: Where to invest my bitcoin on: December 05, 2014, 10:44:31 PM
Hello i want to invest my bitcoin is there a good place to do it

Keep it in your wallet - proper cold storage or paper waller. Don't fall for any investment frauds, and "investing" in altcoins is pure gamble.

Best advise.

You can try to increase it but chances are you will end up losing. Keep a proper paper wallet, forget about it and come back later.
185  Economy / Service Announcements / Re: Cryptomine.io - SHA-256 & Scrypt Unlimited Mining Contracts on: December 05, 2014, 02:41:24 PM
Whats the expected RoI time for these contracts? How does this compare with LTCGear or GAWMiners?
186  Bitcoin / Mining speculation / Re: Mining is Gambling? on: December 05, 2014, 02:36:58 PM
In gambling you can win or lose, though on the average there will be a small loss due to house edge. In mining you can only lose, so its worse than gambling.
This is not true. If the difficulty increases at a slow enough pace then you can potentially earn more then the cost of the miner (or cost of mining contract for cloud mining) plus the cost of electricity. Although generally speaking, the cost of most miners is so high that the difficulty will need to increase at an unrealistically low pace

Even if the price doesn't increase, the difficulty will increase as newer miners are made. Their is only ones making a profit in all these are the mining companies.
Well the difficulty recently decreased (by a very small amount) the last difficulty adjustment, and could potentially decrease this adjustment as well. With a very low increase adjustment (or negative increase adjustment) environment miners could earn more money. Anyone buying a miner is essentially betting that the difficulty is not going to rise at a very fast pace

You have to keep in mind that newer chips are round the corner. The game of trying to get one up will always keep happening. The difficulty dipped recently but thats a blip and I fully expect it to continue rising.
187  Bitcoin / Mining speculation / Re: Newbie needs some advice on: December 02, 2014, 02:38:39 PM
Are you getting seriously cheap electricity? If not, consider the possibility of buying BTCs instead of investing in mining. Sit down and do the calculations.
188  Bitcoin / Mining speculation / Re: Can someone tell me more about how the next difficulty is calculated on: December 02, 2014, 02:35:46 PM
At the current hashrate what should be the difficulty so that the block production is 10 minutes, with a 4x limit. For example, if the average time now is 12 minutes, then the next difficulty will be 10/12th of the current.
189  Bitcoin / Mining speculation / Re: Mining is Gambling? on: December 02, 2014, 02:33:23 PM
In gambling you can win or lose, though on the average there will be a small loss due to house edge. In mining you can only lose, so its worse than gambling.
This is not true. If the difficulty increases at a slow enough pace then you can potentially earn more then the cost of the miner (or cost of mining contract for cloud mining) plus the cost of electricity. Although generally speaking, the cost of most miners is so high that the difficulty will need to increase at an unrealistically low pace

Even if the price doesn't increase, the difficulty will increase as newer miners are made. Their is only ones making a profit in all these are the mining companies.
190  Economy / Services / Re: BitDice.me - Signature Campaign! [STARTED][ESCROWED] on: December 01, 2014, 05:58:27 PM
I am leaving this campaign. If the other one goes bust I will look back in to see if there are spots available.

Thanks for the 2 payments Smiley
191  Economy / Services / Re: [CLOSED] Cryptomine.io - Signature Campaign with a twist - Well worth your time on: November 30, 2014, 06:06:19 PM
Adding the signature now before the start date.

Name: sumantso
Rank: Hero Member
Posts: 1374
Wallet: 1Q4jmiMCsWuUvyyTfYcpiUAQqZcHTPn4yW

Thanks Smiley
192  Economy / Speculation / Re: Analysis never ends on: November 28, 2014, 06:07:55 PM
Monitoring situation.

Mid-term counter-trend move (bear flag). This is inside long term bull wedge.


Good, I have received my salary. Now to send them to exchange and monitor closely Smiley
193  Economy / Services / Re: Cryptomine.io - Signature Campaign with a twist - Well worth your time on: November 27, 2014, 02:06:02 AM
Reserve a Hero Member slot please.
194  Economy / Services / Re: BitDice.me - Signature Campaign! [STARTED][ESCROWED] on: November 25, 2014, 05:25:48 PM
Payment received, thanks Smiley

Continuing again.

Post count 1371
195  Economy / Speculation / Re: Wouldn't it be nice... (the LazyWhale algorithm) on: November 24, 2014, 02:06:33 PM
But in principle that's possible of course (and I wouldn't call it repainting in that case), so maybe that's what sumantso had in mind? If the signal changes to a 'sell' again (at a loss compared to the previous buy target, obviously), he'd take that as confirmation not to buy?

You read my mind Smiley

I will have to wait for a few more days and then can put a part of my salary in Smiley
196  Economy / Speculation / Re: Analysis never ends on: November 23, 2014, 08:41:34 PM
sub 300 you mean ? 1xx is a long way from here.

No, he means sub 200. And yes it is a long long way from here. Institutional investors will be buying hand over fist below 275.

I think it was a typo and he meant sub $300.

A retest of the lows is quite possible, but sub $200 seems far fetched.

I'm thinking sub $100 before this bear is over, but then again, I'm the crazy one who thinks the bear market still hasn't really even started Smiley

At sub $100 the 10 BTC you spend to become donator won't look too bad Cheesy

The master has gone to sleep again ...
197  Bitcoin / Mining speculation / Re: When will Bitcoin Difficulty Reach 100 Billion? on: November 23, 2014, 08:39:46 PM
Very difficult to say, as the hardware may take a big leap forward and change everything. The ASIC history is not long enough to reliably predict how fast the technological advances will happen. Add to that Bitcoin price effect on mining and it all becomes very complicated.
198  Bitcoin / Mining speculation / Re: Mining is Gambling? on: November 23, 2014, 02:14:44 PM
In gambling you can win or lose, though on the average there will be a small loss due to house edge. In mining you can only lose, so its worse than gambling.
199  Economy / Service Discussion / Re: Should I invest in cloud mining or just lend out loans to people to make a profi on: November 23, 2014, 02:12:32 PM
If you want to invest in cloud mining, pick the latest which offers unbelievable returns, earn and then leave it before it goes bust. For instance if you had invested in LTCgear early you would have made RoI and some more.

On some companies that sell hash power you cannot sell back your GHS

Obviously it was implied to get into one where you can sell the shares. LTCgear, Gawminers, maybe AMHash too.
200  Bitcoin / Mining speculation / Re: Bitcoin Miner as a job on: November 23, 2014, 02:10:57 PM
If you're a programmer why not code for money? In this field there is a big demand for quality programmers.

Mining is a thankless job, you will struggle to simply break RoI.

You can make a lot of money mining if you are very good and dedicated or you can make a lot of Dollar when Bitcoin rises in price.

If the profit is dependent on price rise then its much better to buy the Bitcoins instead. At these prices its more profitable to buy and hold rather than spend the amount mining.
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