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My prediction is nothing terribly interesting going to happen tomorrow at the World Bank event and we are going to see the price rise back up to about $115 by the weekend.
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Any clues as to a time of this 'event' tomorrow?  9:00 am - 12:00 pm tomorrow. what time zone? |
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You could be right, bitcoin is already down to 102 now and it's not even June 14th yet.
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$5000 will happen if bitcoin catches on. But it is likely years away. NO WAY will we see $5k by the end of this year. We won't even see $1k by the end of this year.
In fact, I'd be honestly surprised if we were at $200 at the end of this year. I think a reasonable high for the rest of this year is $160-$170 perhaps.
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No effect at all.
Most bitcoin investors don't read these forums and if they do, they don't take it very seriously. I know I don't.
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A reasonable price is 10 btc. I woudn't go over 12.5 as it is unlikely to make that much back.
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Yes!!! Finally a better deal than those blades from asicminer...pfttttt they are selling those cheapos for 49-51BTC
Excellent deal! Buy buy buy
ASICMiner blades are 10+GH/s for 50BTC, and this is 5.6GH/s for 44BTC. How is that a better deal? hint: sarcasm |
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bitcoin and use them to buy ASICMiner shares
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I'd take the offers you have for 200 BTC as the price will only go down as the difficulty rises.
I'll lower my offer to 125 BTC in the meantime just in case you get desperate.
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It will never make back that much coin. I'd say just mine with it, or start your auction at a more reasonable price, like 100 BTC.
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bump
Sell them for < 100 BTC and you will have the deal. Otherwise mine with them. I can buy one or two units in this right moment for 45 BTC each amusing you have good ROI ALREADY. Have in mind that your potential customers deserve good ROI also. that is what is called winner for both parties. Bupimg the crazy price you ask is leading you no where at 45 each the roi is around two months right now. At 250 BTC roi is infinity = looser
Will the increase in difficulty, I'd only pay maybe 125 btc for a avalon miner right now.
And migo you will loose about 50 BTC for sure 125 btc is insane price do your math properly! Where are you getting Avalons for 45 BTC. I doubt there is anyone out there selling them for that little. Since it's now a week after this post, I'd say an Avalon is barely worth 100 BTC right now. But definitely more than 45! |
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Yes, you are right.
Most people have it backwards.
Mostly it's just wishful thinking on their part that more difficult mining will somehow cause their coins to be worth more. It's not true at all.
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I had bid on an ebay auction for a batch 2 preorder. The auction ended with someone bidding well over $20K. However, the bidder had over 60 cancelled bids in the last 6 months. Now, a couple weeks later, I got a fake "second chance offer" made to look like it came from Ebay offering me the unit for $6500.
Yeah, that was pretty common on ebay. Lot's of fake second chance offers, fake avalons for sale, and fake bidders. It was definitely not worth the risk. And even if the auctions were for real, they went for way over what the machines would ever return. |
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It's hilarious how most people use bitcoin when thinking of GPU profitability. Bitcoin mining with GPUs is dead. However, my 6 7970s are bringing in a 200+ hundred bucks a week mining alt coins.
I love Bitcoin and I want the value to stay strong, but I wouldn't even consider letting my GPUs sneeze at it, it just doesn't make sense. We all mine to make money, so mine what is most profitable.
If you mine alt-coins and get lucky by getting in a good coin right when it starts, you can make your investment back in 1-2 months, even just weeks if you get really lucky. If you just pick an average alt-coin that is doing good, or whatever coin is doing the best, you make your investment back in 2-4 months. Difficulty doesn't matter or any of that mess because there will always be new and more profitable coins to switch to.
Don't bother. Alt coins are going to die as everyone who used to GPU min bitcoins switches over to them. The difficulty will soar, and there will be no one buying alt coins up since none of them offer anything bitcoin doesn't already. |
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Ugh, you know I realized I am too tired to be thinking about this stuff too deeply, please disregard. My analysis of pricing is fundamentally incorrect I will admit.
My only real point was you cannot argue difficulty increase making mining not worth it without considering that the worth of Bitcoin can also increase/decrease along side it. If Bitcoin is worth let's say $1000 by next year, even mining a sliver of one would be worth it even at what would be perceived as insane difficulty by then.
Yes you can argue that, because the price of bitcoin is completely irrelevant. As an earlier poster said, if you are relying on bitcoin to appreciate, you would be better off just buying bitcoins directly. The price of bitcoin when purchasing mining gear is completely irrelevant. You should always think of your purchase as paying in bitcoin at the current rate, and returning bitcoin in the future. |
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Yes definitely, and for a time I was doing $5,000 worth of transactions PER DAY.
You are covered if they tried to take more than authorized out of your bank account. It's not like bitcoin, ACH transactions can be reversed.
I would have just wired money if I was moving 5k PER DAY. I was using coinbase to sell, not to buy. And you will quickly run into monthly withdrawal limits if you sell $5k per day on mtgox while there are no monthly limits on coinbase. |
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Yes definitely, and for a time I was doing $5,000 worth of transactions PER DAY.
You are covered if they tried to take more than authorized out of your bank account. It's not like bitcoin, ACH transactions can be reversed.
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By the time these come out, even if they hit the 1 GH/s you assume they might, you'll only get about 0.01 BTC a day from them at best. And that will continue to drop as difficulty increases. That's only about a dollar a day. Definitely not worth it.
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I mine BTC just to own some for transaction purpose. I mine LTC to hoard for future value.
LTC is never going to be worth anything, I'm sorry to say. Right now, no alt coin ever will. |
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What do you guys think of these guys? https://www.cloudhashing.comOffering 10Ghs starting in September. Is it in any way a good idea to jump on board? They claim a return of 50BTC for essentially 10BTC (to keep it easy) ... though if you pump the figures into coinish calc, it tells you tou will make about 2BTC profit over two years on its default mode. If you put in difficulty increases of 15% then its never. Still... i'm tempted. Certainly not going to get an asic any time soon. Thoughts? Someone talk me out of it. :-) Don't do it! Even if it started now, with the next difficulty estimate at 18.3 million, you'd only make 0.2748 a day from it. That is six months to get 50 BTC if the difficulty never goes up and it definitely will. I feel like they are seriously misleading you by making a prediction of 50 BTC. I wouldn't buy from them because of that alone. In September the difficulty will probably be around 50 million and you'll make only about 0.1 bitcoin a day. You'll probably never make your investment back. |
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