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Here's my prediction, tomorrow the number of people who don't have bitcoinlitcoinbtcltc on their ignore list crashes.
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My prediction will come true. And when it does, I expect a donation from everyone here. Otherwise I will never again share insider information with you guys  . If it doesn't, don't let the doorknob hit you in the ass on the way out. |
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bitcoinlitcoinbtcltc, your presence on this forum is hanging by a thread - this is a make or break situation for any credibility your words may have. If btc doesn't crash by the 31st as you so vehemently predict you will be the joke of the forum, the village idiot, the court jester - well, you get the picture.
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Don't listen to the sheep (no offense baaaahhhh) about putting all your money into Doge or Litecoin or spread your risk by buying 1 GPU coin, 1 CPU coin and 1 ASIC coin. There is no logical basis for any of that advice and comes from people that don't understand Bitcoin well enough except to provide heresay/rumour/snake oil advice on Bitcoin competitors (all the ALTs).
Also don't listen to the hype about moving your entire life into crypto currencies either as that would not be wise considering that the vast majority of the planet deals with fiat currencies (as imperfect as they are). There are definitely SOME people that are living entirely in this alternative universe of crypto currencies (like Bitcoin Jesus), but also understand that they probably watch Bitcoin value on a daily basis and have cold sweats when a major exchange is ready to implode (like MtGox for example). BTC value is inherently volatile, both in it's design and because it can't be regulated.
If you are prepared to spend 40k in this new frontier, then ask yourself if you are also prepared to spend the equivalent amount in gold or silver, or rubles, or yen, or any other globally accepted trading medium. Why not buy Coca cola stocks or Walmart or maybe buy a few shares of Warren Buffet's stocks? Or how about buy a piece of land in your city and speculate? Or buy a pre-sale apartment and sell for profit? Or how about invest in a startup? Or invest in your own education and earn more money? Or .. well the list goes on and on.
Bitcoin is still valued AGAINST fiats, and NOT the other way around (ie: USD are not valued in Bitcoins YET) so that should tell you that a tectonic global shift hasn't yet occurred in global Bitcoin awareness.
BUUUUTTT.. and it's a big one, even though it's VERY early days for Bitcoin, it's already at around 900 USD now.. and that's with the early adopters, geeks, crypto enthusiasts, and miners. Has that price been artificially inflated? Is the whole Bitcoin movement run by hackers and coders and greasy haired bankers?
Many people don't know what to do. Part of the reason for this hesitance is that Bitcoin is technically more complex then say USD. The basis for the currency (if we can call it that) is fundamentally different from everything else we have ever used before. It can't be centrally controlled, it can't be faked, it can't be double spent, and the entire spending ledger itself is public domain. It's almost as if someone took the central bank of an entire nation and posted every transaction for public scrutiny (a wet dream some still think will happen)
If all you want to do is grow your wealth, then it's probably worth listening to the 2nd richest man in the world who grew his own fortunes from scratch (so MAAAYYBEE he has something good to say? duh). On Warren Buffet's Investment checklist: Don't invest in something you don't understand.
If you are here asking for what to do with your 41k and if you should invest your money in Bitcoins (or whatever), then it's obvious you don't understand the implications of buying Bitcoins yet, so buy only as much as you would be willing to purchase in USD and freely give away to anyone on this forum (as a gift for example) and then keep researching.
Oh, also don't take my advice cause I'm a sheep too
What a bunch of crap. Researching and spending hours and hours trying to gain understanding won't enlighten, it's just going to cause more confusion. In the end no one knows squat about what is going to happen, including you. OP - reading and asking the same questions everyone here is asking themselves is a waste of time. You have to decide what to do, good luck. |
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do not hold, shotr whilst you still can. 102% shotr interest at the moment means your profits will be leveraged.
Aaaaaaaaaaaand.....confirmed. Coinbase was showing $737. I refreshed 10 mins later and it's up to $759!  bulltraps chinese have several days left, they have until the 31st to withdraw jan 28, 29, 30 and 31 4 days left to trade, friday the 31st will be the last day they will have to dump because that's also when the weekend starts the ''pump'' we saw last weekend is/was the last real pump (from 18.5 to 22.5) I think ltc will go to $8 I'm pretty sure this is the same person is it not? tell ya what, if BTC crashes by the 1st of February your points have been validated. If it doesn't, you have lost all credibility here and need to find another subject to troll. Sound good? if you are wrong on this just leave the forum. |
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I decided I would buy a 7950 and a 7850 (this was middle of May, 2013). That was ~$500 bones in graphics cards (not including another computer, but I needed one anyway, so that doesn't count). Those graphics cards started hashing at about 1.6 million difficulty, and mined all summer long, for about 1.5 BTC.
So you turned 5 BTC into 1.5 BTC? What is it with people that think mining and speculating is an either/or proposition? He probably didn't want to risk buying btc at the time and wouldn't have bought them anyway. It makes perfect sense to me to mine and buy/sell. Mining pays off at any level above the cost of electricity, buying only pays off if the price rises. Also, if it all goes to hell you at least have some cards to sell. It's so easy to see black and white but investing in crypto just isn't that simple. |
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I'm in your situation I stick with my 7950. Definitely.
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I guess that explains why he won't sell it until this weekend, thanks for the info I'll just stick with my gpu miners.
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I have an opportunity to buy a 100 gh/s rig for $1500. He says it is currently earning .04 btc/day, although that sounds a bit high from the calculators out there. Opinions on what I would see for a profit from it if any given future difficulty appreciated.
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His rejected mh/s is .01, yours is .21. Basically, his setup is running more efficiently.
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Anyone know anything about middlecoin payout address 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR? 500 mhs seems hard to believe. I wonder if it's a company and hundreds of gpus are running in the same building or if it's many different places all hashing to the same address?
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We should all make a deal - no posts exclaiming "look it's rising!" or "holy crap it's going down!" unless the price moves at least $100 in a couple hours. Otherwise all we have is wasted key strokes and cyberjunk.
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The only thing you can count on with btc price is up AND down. You gotta have a lot of money or balls of steel to have bought at last weekend price. It's heading down steadily again, and it could go easily below $500 in next few days so watch close. I'm still looking for $300-$400 buy in then hodl, I have full confidence it's only a matter of time.
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It all depends on what you think OP.
If you think it will never go below the current price then you buy now.
If you think it will crash below the current price, then u buy when you believe the crash happens.
If you think its only down hill from here, then dont buy at all.
Its all down to you thou.
Unfortunately this is the truth, no one knows what will happen any more than you. Wall street guys and their chart analysis included. All the reading of others' opinions in the end won't make your mind up any faster, the only thing you will come away with is more confusion - so stop wasting time reading. That is except for the news coming out of China, pay very close attention to that. At this point your only 2 choices are suck it up or watch and wait, but you already knew that. |
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Let me get this right... OP wants other people to loose part of their wealth because and then have bitcoin rise again just because he doesn't have balls to buy at current price?
Wouldn't OP be better off if he would just buy in now and want only the price to rise?
Wtf business is it to you what the op wants? |
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C'mon, this is still manic depressive China + BTC we are talking about. There will be another nice crash, probably in the next couple weeks. To say the next crash will be from $2k to $1200 is as ridiculous as saying it will crash to $10 this year.
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Be happy to have fiat at all to buy these precious bitcoins because many die hard believers just struggle to make their ends meet and can afford only to invest 100 euros to bitcoin. My friend would have seriously taken loan from bank exactly a year ago just to buy bitcoins but no bank gave him loan because he doesn't have a job or anything, he's living in his parents' cellar.
He should get a job... Don't do anything and want money to speculate? Grow up, get your own money and become rich. Not always possible to get a job. I'm basically unemployable because I never finished a higher education, and all the unskilled jobs are taken by immigrants. If not for my old man being just barely smart enough to see the potential here, I would not have had any meaningful amount of fiat to invest. For many thousands the only difference between you and someone with a diploma is student loan debt, don't kick yourself too hard for missing that boat. |
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I do believe in btc, I just want a good buy in price. I doubt anyone would be here if they didn't believe in this, lighten up. I'm waiting until next month, this rise is all China and things are way to uncertain over there right now.
Anyone who thinks this rise is Americans who learned about btc from their relatives over Christmas, wake the fuck up and check the volume charts.
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You guys need to compare volumes of the exchanges. This is not fearful watchers or newbies like you want to think.
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