Why didn't you post the internet header on this email?

I think April 1 BTC will be 3529.00USD  Now, to create reality!

It's an interesting question. I certainly won't be very happy if I lose the money I "invested" (speculated with). I think you're 100% wrong that you're the only one with huge fucking balls because you decided to make a stupid decision. Yes, I believe you are incredibly stupid to invest $$ which shouldn't be. But, then again stupid people every days spend 120% of their income and dig themselves a financial grave so your behavior doesn't surprise me. And to be more specific, I believe anyone who speculates on Bitcoin has balls, whether they are aware of their gamble or not. I'm in for a lot of money for my Neptune, to me, although I know some people who have purchased 10 or 20 of the Neptunes, so do that math really quickly and tell me how big their balls are. Its the same bet for them as myself, only they're in WAY deeper.

It may be the difference between how you are qualifying. In your left hand is $ to gamble with and the right hand has other $ as something you shouldn't gamble, but do anyway. Totally nuts, why even think? Why not just run around with fists full of cash and buy every shiny thing you see.  

Thoughts?


Fist off, I don't know why this is considered news. Anyway, it seems to me like he doesn't understand the basic premise of the technology.



http://www.businessinsider.com/byron-wien-on-bitcoin-2014-1

Blackstone Group vice chairman Byron Wien does not have a lot of faith in Bitcoin.
Included on his list of annual "surprise" predictions is the possibility that acceptance of the digital currency collapses this year.

"In 2½ years the price of a Bitcoin has increased from $25 to $975," says Wien. "The supply of bitcoins is fixed at 21 million with 11.5 million in circulation. Bitcoins lack gold’s position as a store of value over time. During the year Bitcoin’s acceptance collapses as investors realize that it cannot be used as collateral in financial transactions and its principal utility is for illegal business dealings where anonymity is important."

Wien's 2013 predictions did not pan out so well, but perhaps he will have more luck this year.



Read more: http://www.businessinsider.com/byron-wien-on-bitcoin-2014-1#ixzz2petLHCfa

well, then, you'd better begin to unfuck yourself up. Put on yer thinking cap It's almost sounds like you enjoy this self deprecating tone. When you're through crying, the world will be waiting for you to make it your bitch.

I'm curious what other sha256 altcoins you mine. I'd also be curious to hear your thoughts about what you think might happen between now and April.

yeah don't' get BFL'd

Well, shit why not? Certainly at least 100 units of value can be extrapolated from a cup of coffee, right? maybe 10 units for the cup, 10 units for the water, 50 units for energy consumption, 30 units for service.

spot on. It's powerful, thought. Thoughts are the most powerful creations so be conscious to create good thoughts and be conscious to ignore bad thoughts, depressive thoughts. Consciously decide that whenever those thoughts enter your mind you will instead purposefully replace it with a positive thought. Once you get some positive thinking going, it snowballs and becomes a powerful force on its own.

Also, I think the best and simplest way to start thinking positively is to recognize that every day is a new beginning. So, if you woke up this morning you should be pretty fucking stoked.

It was definitely 10,200. Are you stating $ for a reason? Although I am certain of this amount, shortly after there was another very large transaction but I didn't see the amount.

after consulting my crystal ball....I have no idea. Neither does anyone, else.

Every so often I bitlisten.com

Just now, I saw the biggest transaction that I've ever seen. I know there have been larger ones, but I haven't seen them.

It was 10,200.80 BTC (i think, but I by be a few off)


I'm not that knowledgable about tracing bitcoin transactions on the blockchain, but I'm going to dive in to see if I can follow the story of the wallet this huge transaction was sent from as well as the wallet that it was sent to. Wow.

Does anyone who researches these have any thoughts on this transaction?nnn

Mod note: link changed to bitlisten, listentobitcoin contains malware

Agree - you have infinite opportunities to change your life every day. In regards to bitcoin specifically, a multitude of opportunities are possible but you'll need to create or actualize them. Nobody is going to spoon feed them to you.

You sound very depressed. When I was young I used to be depressed.  Until I realized that my depression was simply a combination of my thoughts and brain chemistry. Changing one changes the other.

Thanks guys, that's what I thought but wanted other's opinions.

This thread intrigues me. Once I get my Neptune, maybe it will be more profitable to mine altcoins, sell or exchange to bitcoin?

Is anyone currently mining other sha256 cryptocurrencies on KNC hardware?

If so phase discuss this choice and it's profitability.

"If". therein lies the gamble.Also don't forget if difficulty goes apeshit crazy, if exchange value plummets, if etc etc.

But, there could also be a plateau in difficulty, hash power, price could increase exponentially (again).

One promising sign is the rate of adoption for business. Hopefully those trends continue.

Not cheap - I paid 13k for mine, because it'll be delivered sooner than anything ordered now, which is 10k

However, if you research this (also use forum.kncminer.com) you may come to the same conclusion as the rest of us:


The future of bitcoin is unknown, and the factors which dictate possible ROI are, of course, ever changing.

Difficulty, bitcoin price, network hash rate. These are the metrics of concern. Use bitcoin profitability calcs to give you an idea of how this speculative investment might end up.

Its very speculative, but I think that lots of us who bought tickets and are riding this crazy ride believe Bitcoin value will continue to increase which will result in profit. Naysayers will believe bitcoin will either crash completely and be worth nothing, or they believe that the difficutly of mining will quickly out pace these machines and render them to nothing but expensive heaters.

However, you can't be sure... good luck whatever you decide to do and hopefully nobody is spending their mortgage payment to buy an ASIC super computer.

https://www.kncminer.com/products/neptune-second-batch


Edit: maybe some persuasion is in order. I urge you to please research what your proposed hash rate will "earn" you (mined coins - cost = Profit). I must say that very few rigs can be profitable, now. Please don't take my word for it because it's only my opinion based on the information I've gathered. You may come to another conclusion. However, I would hope you'd research this point very seriously before "investing" any money.

Does this mean that we won't see a more even distribution of wealth?

http://bitcoinexaminer.org/wealth-distribution-fiat-currency-vs-btc-infographic/?utm_medium=twitter&utm_source=twitterfeed


The people with the most existing resources will be able to secure the most BTC through mining. How will BTC resist the concentration of wealth?