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bcpokey
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June 03, 2011, 03:53:29 PM |
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Is mining really still profitable? I thought because of the amount of people mining right now it was hard unless you dedicated all your time to it.
Mining is profitable and requires you to devote enough time to build a computer and then start some software. Then you can go about your life. Being tech savvy is a definite plus however. Given the recent price fluctuations buying coins is still more profitable however. This may change in the future, who knows. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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gaoxing
Newbie
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Activity: 11
Merit: 0
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June 03, 2011, 05:57:09 PM |
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perhaps the bad Non-Farm Payrolls data is weaking the USD compared to BitCoin
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TurboK
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June 03, 2011, 10:19:39 PM |
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Now I wonder how much the price is gonna fall, now that buyers all but dried up.
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12zJNWtM2HknS2EPLkT9QPSuSq1576aKx7 Tradehill viral bullshit code: TH-R114411 |
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d.james
Sr. Member
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Activity: 280
Merit: 250
Firstbits: 12pqwk
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June 03, 2011, 10:38:06 PM |
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Now I wonder how much the price is gonna fall, now that buyers all but dried up.
from mtGox right now: Lowest Ask Price 13.84 Highest Bid Price 13.838 |
You can not roll a BitCoin, but you can rollback some.  Roll me back: 1NxMkvbYn8o7kKCWPsnWR4FDvH7L9TJqGG |
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jme621
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June 04, 2011, 08:33:11 AM |
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just topped 17
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Clipse
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June 04, 2011, 08:35:27 AM |
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It seems the invisible rapture did occur and bitcoin is the chosen currency by whatever god is true and right.
Good grief this is moving fast.
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...In the land of the stale, the man with one share is king... >> ClipseWe pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
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Dansker
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June 04, 2011, 12:17:05 PM |
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It seems to be charging towards 20 $ if you ask me.
I think with people in Russia and China apparently becoming interested, prices can only go up in the short run.
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IIOII
Legendary
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Activity: 1153
Merit: 1012
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June 04, 2011, 01:28:06 PM |
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There seems to be a lot of hope that Bitcoin could be a serious currency in the future. Even though the price action is explosive the Bitcoin story is just starting to get mass recognition.
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Dansker
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July 16, 2011, 11:30:48 PM |
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OMG WE JUST HIT $ 10!!!!!!!!!!!!!!!!!!1111111111111111111
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PseudoCode
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July 17, 2011, 11:23:08 AM |
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I wish we did, Id like some more coins..  If it hits $10 again, I'll be increasing my stash further. regardless of what the short-term profiteers wail about, I havent seen anything better, or even in the same ballpark come along yet. Unless it does, I'm still confident that BTC have a big future. Want to sell me some $10 coins ? ;-) |
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steelhunter
Newbie
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Activity: 22
Merit: 0
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July 17, 2011, 12:08:20 PM |
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as for me, i'm pretty sure that we won't break 13 USD barrier in short-term. partial buying now seems wise solution to me.
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Synaptic
Member
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Activity: 84
Merit: 10
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July 17, 2011, 12:17:06 PM |
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as for me, i'm pretty sure that we won't break 13 USD barrier in short-term. partial buying now seems wise solution to me.
I'll take you up on that. I think $13 will be well ass broken by EOB today. |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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July 17, 2011, 12:43:57 PM |
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as for me, i'm pretty sure that we won't break 13 USD barrier in short-term. partial buying now seems wise solution to me.
I'll take you up on that. I think $13 will be well ass broken by EOB today. +1 |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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steelhunter
Newbie
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Activity: 22
Merit: 0
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July 18, 2011, 12:57:05 AM |
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as for me, i'm pretty sure that we won't break 13 USD barrier in short-term. partial buying now seems wise solution to me.
I'll take you up on that. I think $13 will be well ass broken by EOB today. where is your God now? in 1-2 days IMO we don't break 13 USD mark. and if trading will close above 14$ there are obvious signs of mini-rally. |
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pennytrader
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July 18, 2011, 03:53:57 AM |
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as for me, i'm pretty sure that we won't break 13 USD barrier in short-term. partial buying now seems wise solution to me.
I'll take you up on that. I think $13 will be well ass broken by EOB today. +1 +2 |
please donate to 1P3m2resGCP2o2sFX324DP1mfqHgGPA8BL
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kiwiasian
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July 18, 2011, 04:28:50 AM |
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I don't understand why people are still buying and why people want the price to go DOWN
Do you want to lose money?
If anything buy but push the price UP
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steelhunter
Newbie
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Activity: 22
Merit: 0
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July 18, 2011, 07:14:17 AM |
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I don't understand why people are still buying and why people want the price to go DOWN
Do you want to lose money?
If anything buy but push the price UP
+. that's only what i'll plus. this forum stinks so bearish and spreading fear... PS: obviously, they want to beat price down because they missed the jump-in point for some reason |
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n4l3hp
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July 18, 2011, 09:59:11 AM |
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Stupid people want prices to go down so they can buy more. Bear in mind that raising prices is harder than bringing it down. Lots of small businesses went down because of this. Thinking that even if they're only making a small profit per item, the volume will make up for it. Then suddenly, competition pops up nearby with the same prices. BAM! Volume is halved.
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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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July 18, 2011, 03:05:19 PM |
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I don't understand why people are still buying and why people want the price to go DOWN
Do you want to lose money?
If anything buy but push the price UP
+. that's only what i'll plus. this forum stinks so bearish and spreading fear... PS: obviously, they want to beat price down because they missed the jump-in point for some reason Maybe they're stating their honest opinion that bitcoins have few uses and so far have been used as a highly speculative investment by most users. In times of trouble (USA/PIIGS at the moment) very risky assets get sold off while investors flock to safety. If bitcoin truly is as good as gold (as is often claimed on these forums) it should be rocketing up in value right now. |
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bitcon
Legendary
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Activity: 2212
Merit: 1008
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July 18, 2011, 03:08:36 PM |
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[/quote]
If bitcoin truly is as good as gold (as is often claimed on these forums) it should be rocketing up in value right now.
[/quote]
the problem is only a small percentage of the population knows about bitcoin, whereas everyone knows what gold is.......
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