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41  Other / Politics & Society / Re: Warning! Warning! Bitcoin Dangerous! Says CYRPUS BANKSTERS!!!! on: February 11, 2014, 02:39:46 PM
One more reason why you should never keep money in bank ( on bank account ). If someone stole my life savings I would steal his/her life. Simple as that...
42  Other / Off-topic / Re: I'm glad BTC is crashing on: February 07, 2014, 02:37:09 PM
For selfish reasons, I'm glad the price is crashing a little but it's always good to get people to "jump on the bandwagon", so to speak.

Anything that increases awareness can be seen as good and may even help in shooting the price back up.

What reasons are those? You wanting to buy more?  Grin. I'm sure it'll bounce back fairly quickly any way.

Exactly! And I'll be doing that sometime today...

But what if they keep going down? I've got a friend who has been waiting to buy back in as he sold his coins and has been stuck in dollars, but he never knows when to jump back in because he's scared they'll keep going down.

That is a risk you have to be willing to take. Even if he buys now for 730$ and the price drops to 600$ he will only lose money if he sells for that price. But if the price goes up and over what he payed for them, he will learn. Not everyone is good and has luck in gambling.
43  Other / Off-topic / Re: I'm glad BTC is crashing on: February 07, 2014, 02:26:07 PM

isnt the whole point of AIDS, to be spread? but do we want to do this, no as it is not good for society.
bitcoin is not just about spreading it around, its about giving people the informed choice and allowing merchants to choose what is best by informing them of all the information.

i feel there has been too much spreading bitcoin ignorantly, which leads the ill informed to get involved with something that they dont understand enough to utilise fully. hense they panic at the smallest piece of propaganda and run like hell.


You are comparing BTC to AIDS? How can you even compare those two things, while we are spreading things that are in now way associated to BTC lets spread love also, Ebola, Dengue fever....  If its not good why are you using it then, well considering you are a part of society?
Merchants? Sorry but what? Now it is practically impossible to make BTCs using miners ( you can but it will take way too long ), so you can mine LTC and other more profitable coins and its on a person who needs them to buy them for cash or exchange for other currency ( BTC for example ).

People who enter this "game" by reading on forums, or they are told by a friend to invest... don't have large amounts so they can't effect price like " big players " that have few millions in BTC, and people who have that much are not stupid to lose 20-30% by selling and running like scary little rabbits...

i did write a couple paragraphs of waffle but decided to keep it short.

for me bitcoins is like sex, alot of fun, involves more then one person to be fully useful and although governments like to talk about the negatives, the risks and like to wrap laws around different parts of the activity. it is something everyone should try. but i do find that informing other people of the activity should be done with explaining the risks, looking at the persons own experiences and advising them of the right route to take to gain the most out of the experience.
where as i see so many people just shout out to ignore the risks, and jump in unprotected. thinking that people somehow automatically know when to pull out at the right time without causing harm.

and as for you thinking this is just a game and that mining/buying bitcoins is the only way... you are part of the issue i speak of.. no grasp of the full picture or all of the information.


Sex is kinda like game, in which both sides win. Or one sides loses if its bad at it. So you clearly confirmed that BTC is also a game Smiley Not all countries and governments have the same saying about BTCs so you can't apply one rule to them, if USA says ( example: who ever uses BTCs as a way of paying for services he/she is risking  20 years prison ) then the price will drop, but if some God forbidden countries does that, there will be no impact. People who know the risk are the only key players here, people who can risk loosing money while having it enough to not be effected, people who can barely buy 5-10BTC are not the major part.

Yes I do think BTCs and everything around it should be looked as a kind of a game, where you have winner and a looser, you can either earn millions if you sell on time, or lose millions if you wait for the right price, that's a gamble some are willing to take. No one really knows the full picture of BTCs, and telling you do is a lie. So don't act so smart and all knowing.
44  Bitcoin / Mining speculation / Re: Is GPU mining even worth an investment? on: February 07, 2014, 01:11:39 PM
don't!
it's not profitable anymore IMHO.
gpu-s are expensive, high power consumption and scrypt asic-s are behind corner.
you'll never gonna make ROI.
if you think you'll gonna resell those gpu-s think again. shit load of them will be for sale everywhere after people stop mining with them! if you think people will made up some XY coin with XY algo to keep gpu-s in mining business think again.
my advice, keep away from gpu mining.
wait for next generation of miners (5-7TH) since there is no peace of asic gear worth of buying right now and be fast on buying.


Not true at all.

For 1000$ lets see what can you get. in USA R270 costs about 200$ for one, one can make about 400-420Kh/s
You need some normal PSU ( some 600w ) thats some 100$ ( well a good one not the cheap one ) to run 3xR270. Then you motherboard, cpu and memory some 150$.
So 600$ for 3xR270, 250$ for PSU and other stuff. You need extenders, then frame, and USB flash ( for Linux ) that shouldnt be mroe then 70$
So for less then 1000$ you get 1,200Kh/s thats more then 12,000kh/s with 10,000$ investment.

With that much hashrate he can make about 100LTC per month, if he mines alternate currency probably some 120-130LTC when he sells and buys them.
LTC price atm is kinda low, "only" 18$/ltc, but scrypt asic miners wont be delivered until Q2 ( some say not even in mid Q3 ). And also lets face it even if they are delivered there wont be many of them out there, so he still has some 3-4 months of mining. In that time he can make 300-500LTC ( lets say 400LTC ). If he sells them for 20$ he wont make much ( granted he will lose ), but if he waits and sell when the time is come ( and some say price will go to 50+ when reward get lowered ) he can make a lot.
Then he will still have hardware, you can't expect to sell for 100% of what you payed but even if he sells for 70% ( and he will ) thats 7000$ back.

Or he can buy 500LTC for that price and gable on that. This way he stands to lose 30% ( if he buts gpus to mine ), and to cover expanses by selling them, while he makes them...
45  Other / Off-topic / Re: I'm glad BTC is crashing on: February 07, 2014, 12:48:19 PM

isnt the whole point of AIDS, to be spread? but do we want to do this, no as it is not good for society.
bitcoin is not just about spreading it around, its about giving people the informed choice and allowing merchants to choose what is best by informing them of all the information.

i feel there has been too much spreading bitcoin ignorantly, which leads the ill informed to get involved with something that they dont understand enough to utilise fully. hense they panic at the smallest piece of propaganda and run like hell.


You are comparing BTC to AIDS? How can you even compare those two things, while we are spreading things that are in now way associated to BTC lets spread love also, Ebola, Dengue fever....  If its not good why are you using it then, well considering you are a part of society?
Merchants? Sorry but what? Now it is practically impossible to make BTCs using miners ( you can but it will take way too long ), so you can mine LTC and other more profitable coins and its on a person who needs them to buy them for cash or exchange for other currency ( BTC for example ).

People who enter this "game" by reading on forums, or they are told by a friend to invest... don't have large amounts so they can't effect price like " big players " that have few millions in BTC, and people who have that much are not stupid to lose 20-30% by selling and running like scary little rabbits...
46  Other / Politics & Society / Re: Kim Jong Un Had His Uncle Eaten Alive By 120 Revenous Dogs on: February 07, 2014, 12:36:56 PM
Don't believe everything you read in Western newspaper. Few days ago some site/newspaper made an article that North Korea landed on a Sun, and almost everyone thought that story came from real sources, but it was just a fake article...

N.K. = Paradise on Earth. Got the message. Thank you.

Good job making that conclusion form my post, you made me proud....
47  Economy / Marketplace / Re: Where can i get a frame like this? on: February 05, 2014, 04:54:00 PM
Well you can ask any good metal worker or a person that has knowledge how to build something from aluminium or steel. For them it shouldn't be that hard, just give them dimesions of motherboard, how many gpus, where you wanna your PSU and where you want him to put holes for screws....
48  Bitcoin / Bitcoin Discussion / Re: Time to bully PayPal and start MASSIVE lawsuits? on: February 05, 2014, 04:50:06 PM
Why would anyone keep their money on PayPal? No really, not acting smart i'm simply asking? I wouldn't keep 1000$ let alone 150,000$ on a "banking" system like PP? And what are they asking from him so he can verify, lift limits or get his account back...
49  Other / Archival / Re: SAVE A PET​ ​​​​ DONATE BTC ! on: February 05, 2014, 04:47:44 PM
Every country has issues and problems with stray dogs/cats, If i'm going to donate I will do that in person by buying food, paying for medical bills...
50  Other / Politics & Society / Re: 200,000 people apply to be first to live on Mars on: February 02, 2014, 09:14:43 PM
I would go, but now when I have a chance to become a millionaire i'm not sure that I wanna go Smiley

Remember, no beer on Mars.

Oh no not gonna happen then ill stay home Wink
51  Bitcoin / Bitcoin Discussion / Re: Somewhere in future.. on: January 29, 2014, 04:07:53 PM
No need for more since you can go many decimal spaces.... And why think about something like that when you wont be alive when all coins are mined?
52  Other / Politics & Society / Re: Kim Jong Un Had His Uncle Eaten Alive By 120 Revenous Dogs on: January 27, 2014, 04:15:51 PM
Don't believe everything you read in Western newspaper. Few days ago some site/newspaper made an article that North Korea landed on a Sun, and almost everyone thought that story came from real sources, but it was just a fake article...
53  Other / Politics & Society / Re: 200,000 people apply to be first to live on Mars on: January 27, 2014, 04:13:43 PM
I would go, but now when I have a chance to become a millionaire i'm not sure that I wanna go Smiley
54  Bitcoin / Bitcoin Discussion / Re: Why does it cost me a dollar to send 1 Bitcoin? on: January 25, 2014, 03:24:11 PM
So you don't wanna pay anything? I you don't like it, then don't use BTC... Oh w8 you wanna make money but you dont wanna pay anything in process...
55  Other / Politics & Society / Re: Atheism does not exist on: January 19, 2014, 09:10:22 AM
Your logic is flawed because you are basing in on word play based on English words, its like saying glass is half empty, it can never be half empty or even completely empty...

And also atheists believe that God is a fabrication of human mind, like a acid trip, they don't believe in non existence of it....

56  Economy / Economics / Re: The best way to invest on: January 05, 2014, 08:15:28 PM
Best way to invest is to put money into risky inventions, but thats only if you have money to spare.
57  Economy / Economics / Re: Is Bitcoin failing? on: January 04, 2014, 08:38:43 PM
Sorry what, I missed the point?
58  Bitcoin / Bitcoin Discussion / Re: Contest to name the 0.0001 BTC unit (0.1 BTC prize!) on: January 03, 2014, 09:24:57 PM
1 mcBTC
59  Alternate cryptocurrencies / Mining (Altcoins) / Re: Powercolor r9 280x on: December 29, 2013, 06:02:26 PM
On Asus R9 280x i was getting 700KH and now on Sapphire i'm getting 650KH. LTC/CHC/WD

But i dont remember settings. Need to look. Asus was more stable thats all i know.
60  Economy / Economics / Re: Economic Idiocy on: December 26, 2013, 10:10:15 AM
...
 Bitcoins are perfect example of a thing called Giffen good where as the price raises the demand gets higher and as price drops so does the demand. That's a thing that doesnt follow normal rules in economy and that is why economists dont agree that Giffen goods exist.
...

Bitcoin is a currency -- money.  Not goods.

Yes, the more money is worth, the more people want it.  All money, not just bitcoin.  Price of goods rising is the exact opposite of the price of currency rising.  That's why it helps to know a bit about economics.

Money in fact is a good that is used in transactions.. In economics good is describes something that satisfy human need, that needs to be obtained only difference is that bitcoins are intangible goods, like information... Bitcoins are goods in that way since atm they satisfy our need and greed, same as everything else before invention on money as a payment for a good. In the time when people used to trade items. So now you trade bitcoins for money or you use it to by something else.

So yes it helps to know a bit about economics....


Wrong.  To begin learning, start with Wikip, here, and continue 'till the end.

...Price of goods rising is the exact opposite of the price of currency rising.

If a bitcoin costs double (in dollars or cows), that means that each bitcoin buys twice as much dollars or cows, and thus is about twice as desirable.  If you find this phenomenon curious, paradoxical, or if this makes bitcoin "Giffen good" in your eyes, i would suggest either affordable counseling or adult continuing education.

Lol. Wiki. And you wanna be taken serious? I can write a topic on wiki, that doesnt mean it is true...
http://economics.about.com/cs/studentresources/f/money.htm

Read this, same thing..
Bitcoin is a mean of obtaining items you need. Money is the same thing right. But can you make your own print your own money? No, but you can " print " bitcoins without the government help ( or so we think it is now ).

You are looking it wrong. BTC has a value, atm thats lets say 700$ and the trade is lower then it was when it was 1100$. When it drops to lets say 300$ you can by close to 4x more for the same amount of money when it was 1100$ but the trade won't be as good as back it was before. So yes, you my little boy need to go back to school...
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