notung (OP)
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Activity: 67
Merit: 10
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October 22, 2013, 05:56:32 PM |
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After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?
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nottorious91
Newbie
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Activity: 20
Merit: 0
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October 22, 2013, 06:00:06 PM |
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Nice poll to see the overall sentiment around here (paired with the topic about when it will hit 300)
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Rival
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October 22, 2013, 06:00:29 PM |
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After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?
There is no such thing as a cheap bitcoin any more than there is a cheap federal Reserve note. |
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1Pakis
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October 22, 2013, 06:26:58 PM |
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After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?
But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself. |
Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
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wasserman99
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October 22, 2013, 06:30:08 PM |
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question of "cheap" aside, i think we will see sub-$150 within a week or two as this fizzles out... sub-$100 may be out of the question now, though.
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Newscastix
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October 22, 2013, 06:43:21 PM |
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After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?
But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself. +1 good answer.. mining is out of the question... if you factor in all the risks involved getting the mining equipment.... |
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theonewhowaskazu
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October 22, 2013, 08:30:40 PM |
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After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?
But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself. It costs more than 1 BTC to mine 1 BTC. In order to profit from my last mining investment, I literally had to re-sell my miner JUST after I bought it and mined for a few days. If I had held onto it for even a couple more weeks, I likely would have lost. The fact that the system relies on other people buying your old equipment shows that it, in total, is unprofitable. |
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cryptoanarchist
Legendary
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Activity: 1120
Merit: 1003
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October 22, 2013, 08:33:40 PM |
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I hope it does. I'd LOVE to buy more at that price but I just don't see it happening.
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I'm grumpy!!
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nobbynobbynoob
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October 22, 2013, 08:34:51 PM |
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I'm tempted to say never, but not confident enough just yet.
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fleabag
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Activity: 98
Merit: 10
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October 22, 2013, 08:42:27 PM |
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when one of the major bitcoin exchanges goes out of business. which could be anytime.
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MoreFun
Legendary
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Activity: 1008
Merit: 1003
WePower.red
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October 22, 2013, 08:46:01 PM |
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Do you realize that it is only 18k BTC till $150? One whale selling and we are there.  |
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tinus42
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October 22, 2013, 08:48:35 PM |
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when one of the major bitcoin exchanges goes out of business. which could be anytime.
Should Mt.Gox go out of business then the price will plummet. |
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lindeanin
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October 22, 2013, 08:52:31 PM |
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After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?
But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself. This, and with the amount of ASIC preorders, 200$ is still cheap |
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MAbtc
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October 22, 2013, 08:57:56 PM |
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Do you realize that it is only 18k BTC till $150? One whale selling and we are there. All we need is a catalyst. This rally has run up so fast on so little support. But it's exuberance all around! $1000 by tomorrow! 13,000 CNY by next week!  |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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October 22, 2013, 09:01:10 PM |
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After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?
But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself. It costs more than 1 BTC to mine 1 BTC. In order to profit from my last mining investment, I literally had to re-sell my miner JUST after I bought it and mined for a few days. If I had held onto it for even a couple more weeks, I likely would have lost. The fact that the system relies on other people buying your old equipment shows that it, in total, is unprofitable. By this logic, buying or renovating a rental property is a terrible idea. Wrong. |
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Bitobsessed
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October 22, 2013, 09:07:57 PM |
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After this rally (currently around 200$), when do you think we will have again an opportunity to buy "cheap" bitcoins?
But they are cheap now. Try mining 1 BTC to see the costs and figure it out for yourself. It costs more than 1 BTC to mine 1 BTC. In order to profit from my last mining investment, I literally had to re-sell my miner JUST after I bought it and mined for a few days. If I had held onto it for even a couple more weeks, I likely would have lost. The fact that the system relies on other people buying your old equipment shows that it, in total, is unprofitable. By this logic, buying or renovating a rental property is a terrible idea. Wrong. The point being made here is that the price needs to go up to keep this thing alive. And it will. I do like the comparison of having rental property and being a miner. Just when everything is going smooth all hell breaks loose. |
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Poll
