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CanadianGuy
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June 08, 2013, 09:57:02 PM |
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In next few weeks of diff increases, you'd be an idiot to pay 50BTC for 13GH/s... there are idiots in the world, and there are over-enthusiastic speculators in this community, but a week or two after that it will be apparent even to those who aren't good at math.
At that point, he'll either lower the price or not sell anymore.. its that simple.
50BTC for 13GH/S will make your money back in less than a year, and then about 20% on top of that. 20% annual ROI is a very good investment IMO. Too many spoiled brats here who are used to the older days of mining when the rewards were much greater. The correction has happened -- welcome to reality..  |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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mvidetto
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June 08, 2013, 10:42:24 PM |
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In next few weeks of diff increases, you'd be an idiot to pay 50BTC for 13GH/s... there are idiots in the world, and there are over-enthusiastic speculators in this community, but a week or two after that it will be apparent even to those who aren't good at math.
At that point, he'll either lower the price or not sell anymore.. its that simple.
50BTC for 13GH/S will make your money back in less than a year, and then about 20% on top of that. 20% annual ROI is a very good investment IMO. Too many spoiled brats here who are used to the older days of mining when the rewards were much greater. The correction has happened -- welcome to reality.. not if btc drops in price... apparently everyone is leaving that out of their calculations |
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freedomno1
Legendary
 Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 08, 2013, 11:09:08 PM |
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In next few weeks of diff increases, you'd be an idiot to pay 50BTC for 13GH/s... there are idiots in the world, and there are over-enthusiastic speculators in this community, but a week or two after that it will be apparent even to those who aren't good at math.
At that point, he'll either lower the price or not sell anymore.. its that simple.
50BTC for 13GH/S will make your money back in less than a year, and then about 20% on top of that. 20% annual ROI is a very good investment IMO. Too many spoiled brats here who are used to the older days of mining when the rewards were much greater. The correction has happened -- welcome to reality.. not if btc drops in price... apparently everyone is leaving that out of their calculations Volatility is part of any normal calculation when measuring bitcoin  |
Believing in Bitcoins and it's ability to change the world
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Aureum_Coffee
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June 09, 2013, 12:10:04 AM |
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As long as everyone realizes investing in ASICminer shares is actually buying a percentage of the entire network hash rate, they'll realize ASICminer shares are actually cheap right now. This will put a floor on ASICminer share price.
Yes, it can drop due to speculation. But not much.
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CanadianGuy
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June 09, 2013, 12:16:12 AM |
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In next few weeks of diff increases, you'd be an idiot to pay 50BTC for 13GH/s... there are idiots in the world, and there are over-enthusiastic speculators in this community, but a week or two after that it will be apparent even to those who aren't good at math.
At that point, he'll either lower the price or not sell anymore.. its that simple.
50BTC for 13GH/S will make your money back in less than a year, and then about 20% on top of that. 20% annual ROI is a very good investment IMO. Too many spoiled brats here who are used to the older days of mining when the rewards were much greater. The correction has happened -- welcome to reality.. not if btc drops in price... apparently everyone is leaving that out of their calculations thats pure speculation, how many times has it come back down to this level, and then back up? Its funny how many people dont realize they are riding a rollercoaster |
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pikeadz
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June 09, 2013, 01:01:27 AM |
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Bitcoin is deflationary, and so are securities in businesses that deal in bitcoin. Remember, there are only 21 million of these things that are going to be created ever. The price can't go up infinitely, in terms of Bitcoin. And at a certain point it will become saturated and the price MUST come down. This is true even, and especially as more people adopt it. This is not the case with fiat securities, so people need to keep this in mind. Even if the business is thriving, the price WILL come down in the long term as long as it is priced in Bitcoin.
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CanadianGuy
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June 09, 2013, 01:39:44 AM |
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Bitcoin is deflationary, and so are securities in businesses that deal in bitcoin. Remember, there are only 21 million of these things that are going to be created ever. The price can't go up infinitely, in terms of Bitcoin. And at a certain point it will become saturated and the price MUST come down. This is true even, and especially as more people adopt it. This is not the case with fiat securities, so people need to keep this in mind. Even if the business is thriving, the price WILL come down in the long term as long as it is priced in Bitcoin.
So as demand goes up, and supply goes down, the price plummets? Sorry, which universe are we talking about here? |
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pikeadz
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June 09, 2013, 06:23:17 AM
Last edit: June 09, 2013, 06:36:14 AM by pikeadz |
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Bitcoin is deflationary, and so are securities in businesses that deal in bitcoin. Remember, there are only 21 million of these things that are going to be created ever. The price can't go up infinitely, in terms of Bitcoin. And at a certain point it will become saturated and the price MUST come down. This is true even, and especially as more people adopt it. This is not the case with fiat securities, so people need to keep this in mind. Even if the business is thriving, the price WILL come down in the long term as long as it is priced in Bitcoin.
So as demand goes up, and supply goes down, the price plummets? Sorry, which universe are we talking about here? The one where a finite number of coins exists but demand is infinite. If 21 million people wanted to buy a share of AM, do you really think the price could stay 2.5 bitcoins per share? That would require more than the total number of coins ever produced! That is an extreme example, but it doesn't have to be extreme to see this effect. In 5 years, it is very possible that bitcoin will be valued at $500 or more per coin. As deflation happens in the currency itself, it will happen to securities as well. It is therefore foolish to think bitcoin securities can increase in value the way those backed by fiat can. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 09, 2013, 06:59:46 AM |
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Well guessing the miners believe in bitcoin or difficulty should start plummeting soon too
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Believing in Bitcoins and it's ability to change the world
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