I am pretty confident we are the new wealthy elite, gentlemen.

[QuestionAuthority]

Our wealth seems to be diminishing daily. What the hell is going on?

[1714130415]

1714130415

[1714130415]

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[1714130415]

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[Campsis]

Our wealth seems to be diminishing daily. What the hell is going on?

Dunno, just sold 2 BTC... hopefull i wont regret it

[BitChick]

Our wealth seems to be diminishing daily. What the hell is going on?

Dunno, just sold 2 BTC... hopefull i wont regret it

Selling BTC can often lead to regrets.  The price is really low right now too.   

[pikabit]

I will be wealthy as fuck some day with my btc 

[cdog]

Our wealth seems to be diminishing daily. What the hell is going on?

How, are you losing your coins? Dont really care about the USD value so much as seeing more places/ways to use BTC.

Dollars are great for spending, and at these prices my "wealth" is increasing as I buy more coins. Saving dollars seems pointless to me, have you looked at interest rates lately?

[QuestionAuthority]

Our wealth seems to be diminishing daily. What the hell is going on?

How, are you losing your coins? Dont really care about the USD value so much as seeing more places/ways to use BTC.

Dollars are great for spending, and at these prices my "wealth" is increasing as I buy more coins. Saving dollars seems pointless to me, have you looked at interest rates lately?

I like to pay one of my mortgages with Bitcoin and Chase doesn't take Bitcoin.

[mercistheman]

No doubt about it I'm buying at these prices... chicken littles go home and whine to your mama... we got a future to look forward to.

[forzendiablo]

good tiem to buy cheap coins :DDDDDDDDD

[keithers]

good tiem to buy cheap coins :DDDDDDDDD

Early adopter?

No, anyone that believes in bitcoin should be pulling out their wallets and buying all that they can afford.   If you believe in the future of bitcoin, you basically have been granted an opportunity to buy at prices pre-November 2013.   It is like bitcoin hot tub time machine today...

I think a lot of people are going to be looking back at this week as a missed opportunity.   I definitely picked some up.   If we drop further, I will get some more.

[cbeast]

No doubt about it I'm buying at these prices... chicken littles go home and whine to your mama... we got a future to look forward to.

Didn't somebody just finish dumping almost a billion dollars in bitcoins? I'm pretty confident the new wealthy elite are back in fiat

It's called wealth distribution. That person will never be able to get those cheap coins back, thus allowing others to enjoy the next bubble and become the next ones to dump a billion dollars. This pattern will continue on and on. That is the the phenomenon of Bitcoin as a store of wealth.

[blue eyes]

To think that not so long ago I was paid 50 BTC for two hours of work.

really?what kind of job did you do? good salary.

[blue eyes]

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

i will definitely buy an apartment, a car and travel around the world...

[Markcus]

Need advice !

This question is more directed to the bitcoin miners. I have been Bit-coining for about 8 months now and I really enjoy doing it. The only problem is I'm not making any profit, long story short I have spent around $1500 and only made $ 500.00/ I have 4 miners pumping out 450 gh, and on a good day I might make .01 bt which means I will most likely never see a profit with my current set up... So here are my questions;

1) Is bit coin mining dead ?, should I though in the towel.
2) If it is not dead, should I buy a really big bitcoin miner $2000.00+, or lots of smaller ones ?.
3) What should I buy next and where should I buy them ?.

Thanks for the advice.

[bornil267645]

That's a cool way to introduce, I like it

[RevengerX]

The world just isn't going to be the same and we have been blessed as the pioneers.

I have amazing feeling every time I think about this fact.

[arbitrage001]

I don't think the original poster realize the amount of resistance bitcoin will get from the government and banking industry.

When all rules and regulation are put in place for bitcoin, it will be little different from fiat and wire transfer.

[marcus_of_augustus]

I don't think the original poster realize the amount of resistance bitcoin will get from the government and banking industry.

When all rules and regulation are put in place for bitcoin, it will be little different from fiat and wire transfer.

... you don't really understand how a computer works do you?

[QuestionAuthority]

I don't think the original poster realize the amount of resistance bitcoin will get from the government and banking industry.

When all rules and regulation are put in place for bitcoin, it will be little different from fiat and wire transfer.

... you don't really understand how a computer works do you?

And we wonder why Bitcoin's not taking off like a rocket. You need to be able to at least turn on a computer. lol

[boumalo]

I don't think the original poster realize the amount of resistance bitcoin will get from the government and banking industry.

When all rules and regulation are put in place for bitcoin, it will be little different from fiat and wire transfer.

The hope is to have less regulation and rules with Bitcoin and when the fiat system and the central banks actions will look like what they are, horrible, people may start using bitcoins more and more

[chopstick]

Need advice !

This question is more directed to the bitcoin miners. I have been Bit-coining for about 8 months now and I really enjoy doing it. The only problem is I'm not making any profit, long story short I have spent around $1500 and only made $ 500.00/ I have 4 miners pumping out 450 gh, and on a good day I might make .01 bt which means I will most likely never see a profit with my current set up... So here are my questions;

1) Is bit coin mining dead ?, should I though in the towel.
2) If it is not dead, should I buy a really big bitcoin miner $2000.00+, or lots of smaller ones ?.
3) What should I buy next and where should I buy them ?.

Thanks for the advice.

The difficulty is now too high for investments in mining to really be profitable unless you do it really big... which most people cannot afford to do..

Honestly I can make 100 or 200 per day selling BTC on localbitcoins.com, which I think is a lot more profitable and less risky than mining.

If you want to keep mining, you need to find one of those websites that calculates the profit you make over time vs. cost and figure out ahead of time whether or not your miners will be profitable.

You will have to do your research if you want to be successful and find a reputable company that sells cost-effective miners. If you buy from one of the overpriced companies, or scam companies, then you're fucked.