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Should have bought Facebook stock instead of bitcoins
should have bought real TM land on mars instead https://www.buymars.com/ |
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Stupid question; which price range will be the stable/spring board before the halving? The ~$400 price range we are at now, or one higher?
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Anyone that thought 2016 was going to be boring was sure as hell wrong. Bring on the drama
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Usually when BTC rises, the alts rise more, and as a rule, when BTC fall, the alts devaluate too when compared to BTC,
If you think prices will rise, then you should keep some alts just in case and do less diversification to keep it manageable, if you think prices will fall, the best is sell everything to BTC then sell the BTC and wait
This has been my philosophy. I can only speculate it is because people feel BTC is overvalued and go with alts at peaks. But whatever the reason I usually follow this. |
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I made a joke how the market was about to drop after I purchased at 450, and then at 430. This is far more comforting than the lows we were hitting only mere hours after smashing that like.. I mean buy button. I'm terrible at trading (as you can tell by my market crashing) so I just purchase and hodl.
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Awfully convenient all this news (drama, whatever you want to call it) happening at the same time and right before the halving. Almost like getting a perfect 0 on the SAT.
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Feel bad for anyone that bought '45% off' mines or NY mines.
Why do you feel bad? They were all very well warned and those who kept warning the keep out the newbies from investing got flamed. So those who lost their coins practically deserved it. There is undoubtedly an element of 'I told you so', but I still feel bad that they lost their money. The fact that they were so careless with it probably meant it wasn't that important to them in the first place though. |
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Feel bad for anyone that bought '45% off' mines or NY mines.
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I was gonna post and say stop bumping the thread until something interesting happens, but for once it seems it had.
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@thread
You speculate for both positive and negative possibilities. This prepares you for whatever is thrown your way. You can set a plan in the (however unlikely) event that something does go awry. NEVER, not even for one second, assume that Bitcoin is immune to outside threats, NEVER! After all, it is just a computer program that was written by some guy, which uses an encryption algo that was written by some other guy at some agency. Windows, Linux and OSX are also written by some guy and none of them, even with dispensable amounts of capital, are flawless.
Surprised that no one has called you a troll yet. I agree, as great as I think BTC is, something could always happen. If Bitcoin collapsed somehow overnight, I don't think we would enter an age of Litecoin or any other coin. Rather we would see a fragmentation of the market sort of like smartphones (which are now slowly becoming less diverse/experimental & all of them have similar features) |
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5 - 4 - 3 - 2 - 1 .... countdown to the "We've been hacked" announcement. Isn't that the way the script goes?
I just got my .03 so I'm not too worried. But yes, that is usually the way things go. |
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OP's signature:
"Always wrong until not"
Emphasis on "Always wrong"
How can you even understand what he is saying? I'm really starting to get sick of the half baked ideas of ESL people. Not that this section would be the pinnacle of discourse anyway. |
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Coins with PoW that waste a ton of electricity sure are the future right? Nothing gets investors excited like a coin that requires ever expanding resources in order to secure the network.
Money must be expensive to create. That's what gives it value. A rock that came from a planet a thousand light years away is more valuable than a child's macaroni art. A coin that was forged through millions of computers all competing using a network measured in zettahashes (PoW) is more valuable than a coin given out to someone for sitting on a large stack of already minted coins (PoS). You may not understand money as well as you think. It's not a bug that Bitcoin or Monero is so hard to create - it's a feature. If you waste all available energy on mining some PoW coin you will end up with zeroes and ones stored somewhere (HDDs or whatever) that are useless because you have no energy to start the show. Or if we go hardcore physics, since everything is energy, you would end up with nothing, literary. Right there you should see a big difference BTC vs anything physical. BTC is immaterial and requires so many things to function in order to be of some use while everything material stands on it's own. Gold and diamonds are pretty much indestructable and you don't have to use any energy or whatever else to maintain their qualities and properties. Hence all cryptocoins suck in a grand scheme of things. If it is not up to human greed and a need to secure the network (so failed specie we are) one could run the show with average computer. "We poured money into it, therefore it should be valuable" is an absurd statement. Moore's law will make it so that only those with a monetary interest will secure the network, and only those with money will be able to do so. Using millions of computers to create a coin and having that be the basis of value is not logical system for a currency. Comparing a space rock to macaroni art is a terrible example. |
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Testing .03 right now. I used to test every time someone would say about how it was a scam and about to go under for my own piece of mind. I feel pretty safe knowing I'm always going to get it so I'm doing this for other's piece of mind now.
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That slight drop was scary to see after just putting in a buy order. I considered making one of those "I just bought, dump incoming" threads but it seems I wasn't far off.
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Are the odds for winning the jackpot equal for all the lands? Asking because of powerball fever that is going on right now.
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I'm just going to put this out there since every altcoin scammer is piling on this topic to try to pump their shit:
If there are ANY of the following words associated with an altcoin, it is shit-tier:
- presale
- IPO
- proof-of-[anything but work]
- staking
- affiliate
- masternode
- pump
- interest
- shares
So far the only valid 'proof' discovered that can scale economically is proof-of-work. Proof-of-stake is flawed for a currency until further notice.
Coins with PoW that waste a ton of electricity sure are the future right? Nothing gets investors excited like a coin that requires ever expanding resources in order to secure the network. |
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Sector, I keep seeing a lot of fear-mongering pushing the fact that this site is dying, primarily with the reference being towards the sudden influx of available mines followed by the system crash that affected your systems a few weeks ago. Is there any truth to the site being on it last legs, or is it just continued fear-mongering as ore-mine has had an extremely effective run for so long..? And if it truly was on its last leg, would investors at least get advanced knowledge of the folding or would payments be deactivated and the site run with our money..? I am not trying to fear-monger myself, but simply ask for information as I, as many other have money invested in this site and do not wish to see our investments run away..  You can see that almost every day somebody says that ore-mine will be closed "tomorrow". Do not pay attention on the fear-mongering. The changes on a site is needed for doing a business, and the amount of mines left only shows how much contracts we can offer to our users at the time. There are no reasons to stop our business and as I said before, if you want to have a part of income, you should invest more today. I can not guarantee that we will have enough new contracts in the future. But all contracts which we are selling now will works for 2 years. Sounds like the same scamsite as bitfactory.co Don't invest more money and as long as it keeps paying it doesn't matter what crap goes on. Pretty much have just learned to make a withdrawl and forget about it because they always end up coming even if they take a little bit of time. If you are worried, don't invest. If you have already invested, don't worry. Gotta sit back and enjoy the ride whether it be good or bad because you can't get off. |
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In 2020 it will be : wall street
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I get what OP is saying and I somewhat agree. This is an extremely basic example of what he is thinking of:
Let's pretend you didn't have any coins. 450$ in BTC will get you about 1BTC. 450$ gets you roughly 1,000 PPC. If trends continue, PPC is roughly about 0.1% to 1.0% of the BTC price (Roughly 8$ during the 1,200 peak). If Bitcoin were to hit 10,000, and Peercoin hit 1% of that (100$/PPC) your 1BTC would yield 10,000$, while your 1,000 PPC would be 100,000$. Granted it is a higher risk than BTC, but you don't need PPC to hit the moon, you just need for it to do mildly well.
Regardless of your feelings on altcoins, 100$/coin will someday not be a huge fantasy, at least for those in the top ten. The yields are better, but the risks are higher. Investing in the more reputable coins (if there is such a thing) I think is a reasonable investment. Replace PPC with any other coin, I'm not trying to single that one out. Please refrain from bashing, I'm just trying to share my thoughts.
Edit: I'm not saying go all in on altcoins, however much you feel is sufficient should be fine.
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