TO all miners and bitcoin holders would you?

[jonald_fyookball]

Well i see all days someone asking to return some years to mine more bitcoins and others wouldnt havent traded them or gaved.That wont happen ,soo back to reality if bitcoin didnt reached those 1000 dollars ,and dropped till the current value of 200 worth.Would you buy a miner or investing in equipment to mine? Lets suppose bitcoin were worthing just 300 dollars and that were the biggest ammount,reached would you invest your money at bitcoin the same way you did and do nowadays?Would bitcoin still getting such attention as has now ?

Not interested in mining.   Not enough reward for the risk and the hassle.  I'll let someone else worry about it.

[edric]

Well i see all days someone asking to return some years to mine more bitcoins and others wouldnt havent traded them or gaved.That wont happen ,soo back to reality if bitcoin didnt reached those 1000 dollars ,and dropped till the current value of 200 worth.Would you buy a miner or investing in equipment to mine? Lets suppose bitcoin were worthing just 300 dollars and that were the biggest ammount,reached would you invest your money at bitcoin the same way you did and do nowadays?Would bitcoin still getting such attention as has now ?

Yes, I still would.  Bitcoin had a bubble, so what?  I still believe over the long term bitcoin is a deflationary asset pegged against fiat central bank currencies.  If I buy used mining equipment.  Mine free coins, and then sell the mining equipment before it decreases in value to someone else, then I make a very high ROI.

[Possum577]

So you're asking if there wasn't the knowledge of the growth form $1 to $1000, would there be as much hype to get hands (to mine) bitcoin?

Probably not, but there was that growth. And adoption did occur. And momentum exists such that many people believe there's more to come...

[1Referee]

The peak to $1K helped a lot. It gave Bitcoin worldwide coverage on various large news channels. People were trying to get their hands on some Bitcoins in case the price would rise further from $1K. That didn't happen and people got burned quite hard. Beside that, Bitcoin would have gotten news covarage anyway as the blockchain technology gains high interest from financial parties worldwide.

Regarding investing in mining equipment; Nope. I have never been that interested in getting myself some physical miners.

[Q7]

What difference would it have made in the first place? Whether it did touch 1000 or it didn't, is not going to influence my decision whether I will invest in a mining equipment or to just buy them in the open market. It's about how to own your share of coins using the fastest and most cost-effective method and as far as that goes, price history is the least relevant factor.

[avatar_kiyoshi]

Well i see all days someone asking to return some years to mine more bitcoins and others wouldnt havent traded them or gaved.That wont happen ,soo back to reality if bitcoin didnt reached those 1000 dollars ,and dropped till the current value of 200 worth.Would you buy a miner or investing in equipment to mine? Lets suppose bitcoin were worthing just 300 dollars and that were the biggest ammount,reached would you invest your money at bitcoin the same way you did and do nowadays?Would bitcoin still getting such attention as has now ?

If i can go back to the day where bitcoin price still under $1 , i will buy it directly and store on paper wallet until the next halving year(2016).

If i mine, use my pc is pretty enough to earn some coins.

[knowhow]

As i thinked,most of us would mine because a machine to make money is what bringed most into mining process,but i guess at that worth the big farms wouldnt be soo many making the mining become unprofitable in a shore time and without some changes.
 The price being stable at 200 300 dollars woulld mean that to roi would take a bit more time,but i guess what had killed mostly were big farms... how many of them are out?Around 20 big farms,controlling the price of bitcoin,but well for other vision mine will last less time and some is and will become rich with bitcoin.

[maku]

Well i see all days someone asking to return some years to mine more bitcoins and others wouldnt havent traded them or gaved.That wont happen ,soo back to reality if bitcoin didnt reached those 1000 dollars ,and dropped till the current value of 200 worth.Would you buy a miner or investing in equipment to mine? Lets suppose bitcoin were worthing just 300 dollars and that were the biggest ammount,reached would you invest your money at bitcoin the same way you did and do nowadays?Would bitcoin still getting such attention as has now ?

If i can go back to the day where bitcoin price still under $1 , i will buy it directly and store on paper wallet until the next halving year(2016).

If i mine, use my pc is pretty enough to earn some coins.

Well, bitcoin halving can make price to rise or could do nothing. I am sure some people remember that during last bitcoin halving in 2012 BTC price actually went down a little. And halving back then did nothing to increase value of btc in the long run.

[Mickeyb]

The worst thing that happened to Bitcoin is that it has a price and all people are judging about the success of Bitcoin by how high its price is. Nobody is anymore concentrating on the technology and we should all do this.

Internet didn't have this problem and that was a great advantage for Internet over the Bitcoin.

And for the record, I think that the price of $237 for 1 bitcoin is hell of an achievement.

[knowhow]

Well i see we are with bitcoin at 200 dollars which currency worths such value? As i know only gold has such value as bitcoin others is pennies compared to bitcoin ,but would it atract soo many people as the 1000 dollars and 600 dollars bringed into bitcoin?

[apriyani420]

Well i see we are with bitcoin at 200 dollars which currency worths such value? As i know only gold has such value as bitcoin others is pennies compared to bitcoin ,but would it atract soo many people as the 1000 dollars and 600 dollars bringed into bitcoin?

well it depends on what amounts of currencies you use. some calculations:
according to wiki in 2011 there were about 171300 tones of gold in the world so all gold is worth 171300*1000*36830=6.3*10^12 dollars while all bitcoins are worth 14600000*230=3.3*10^9 dollars

[knowhow]

I mean being worth a lot like bitcoin 1 bitcoin is worthing around 200 dollars... and gold has the same power,not talking of markep value,now imagine bitcoin worthing 1000 dollars or other big value would your calculations means nothing ? I personal dont mine i almost invest into a miner 2th but i stoped before ,the roi time would be around 7 months in that time,but well electricity costs is high soo i bought some bitcoins.Im sure bitcoin worthing 200 dollars and above is already a sucess and i know as we get closer to end mine period the price will start to raise.

[RGBKey]

I still wouldn't buy a miner, I would just invest straight into bitcoin if I actually wanted to make money.

[Kprawn]

There seem to be a direct correlation between the people wanting to mine and the price of Bitcoin. The $1000 price tag certainly helped to gather more interest at the time.

It also sparked the creation of more Bitcoin farms on a much bigger scale than before. The competition and total hashing power increased to such high levels that most solo

mining operations were pushed to "pool mining" to stay profitable. The higher price just make mining more profitable and more people will start doing it, if the reward is higher.   

[knowhow]

Sure the 1000 marks bringed huge investments making solo miners get unprofitable to run normal as before,the fact is if bitcoin were worthing just 200 do you think would still people mining it ,these big community will be the same ?I know that would atract several people to mine but i dont know if bitcoin would be dead coin in these 6 years that has already.

[electronicfactura]

At this stage we should not judge Bitcoin by its price.As some people already mentioned if we talk about price that definitely will go up but when this should be the question.Bitcoin is game changer and change already has begun seemlessly.I invested in Bitcoin and whenever my financial conditions allow me will do investing because price will be at 100k $ someday.

[knowhow]

well you as most invest at bitcoin to it break eaven,above 1000 dollars for some and above it to others,if its value were between 200 and 300 dollars would you keep investing into bitcoin knowing that it has limits?

[cellard]

There seem to be a direct correlation between the people wanting to mine and the price of Bitcoin. The $1000 price tag certainly helped to gather more interest at the time.

It also sparked the creation of more Bitcoin farms on a much bigger scale than before. The competition and total hashing power increased to such high levels that most solo

mining operations were pushed to "pool mining" to stay profitable. The higher price just make mining more profitable and more people will start doing it, if the reward is higher.   

Obviously because people is wired to pay attention to the price and not much else. Seeing a good price in your investment releases endorphins in the brain, thats why most people fail at investments, they don't have a long term vision and only seek for instant gratification, don't can't plan things. Those are the guys that will weep in 10 years because they dumped their Bitcoins ages ago and left the train.

[okae]

Independent on the Bitcoin price I'd never invest in mining equipment. I'd rather buy Bitcoin directly than mining.

exactly this, at the moment thats the best movement that anybody can do, well only if you have free electricity and can maintain the power needed for miners for free, but thats not the case of most of the people so... the best move is to buy dirrectly.

well you as most invest at bitcoin to it break eaven,above 1000 dollars for some and above it to others,if its value were between 200 and 300 dollars would you keep investing into bitcoin knowing that it has limits?

sure, dont forget that things can/will change soon

[Blawpaw]

Well i see all days someone asking to return some years to mine more bitcoins and others wouldnt havent traded them or gaved.That wont happen ,soo back to reality if bitcoin didnt reached those 1000 dollars ,and dropped till the current value of 200 worth.Would you buy a miner or investing in equipment to mine? Lets suppose bitcoin were worthing just 300 dollars and that were the biggest ammount,reached would you invest your money at bitcoin the same way you did and do nowadays?Would bitcoin still getting such attention as has now ?

I would buy mining equippment! mining is still profitable and would be profitable if the price didn't pass the $300 mark. The problem is that if was to buy mining hardware I would have to invest a lot of money and wait a lot of time to reach ROI