Bicoin biggest scam in the early history !!!

[whtchocla7e]

In your words i can feel the hard feeling or Hard showing envy of early adopters and their achievements and advantages.
You are still not so far if you want then you also could start mining, Today also you can get in mining from 1K to 100K investment just different is that what you want to invest. Dont blame for your mistake.
Untill Bitcoin was few Cents and few Dollar no one fucking care and today you cant blame on it.

What achievements? What advantages?
His mistake? What mistake?
What blame?

Calm down. In your works I can feel young and tender age. Maybe a lack parental love, too.

[g3raint]

http://mining.thegenesisblocks.com is a great calculator but the bitcoin mining HASHRATE will NOT increase at the set rate indefinitely.

Set the Increase Difficulty per month to 1000 MM and this will paint a more realistic picture, Albeit  a continuous growth rather than the variable growth that will be apparent.

But I'm sure it will settle at the 450-700 MM per month rate

We have 18Th/s  from multiple manufacturers on order - and we are still waiting in anticipation!!!!!

G

[Jcw188]

Seems like it would be tough for minimg companies to have enough cash to manipulate the price that much, especially with all the big wigs getting invested in BTC lately.

[igorr]

I think bitcoin will be cheaper than litecoin,

the reasons are;

1. Bitcoin miner with invested 6000 USD (one card 600 GH/s)  has profit about 5000 USD per month.
2. Litecoin miner with invested 6000 USD ( 4 grafic card about 6400 Kh/s)  has profit about 700 usd per month.


Why are litcoin miners subordinates and less valuable of Bitcoin miners under the same conditions ?


Manufacturers ASIC hardware artificial raise the price, and when they go, the game is finished,
and that we will see very soon.

Check this, if 2000 GHash cost only 1 USD, then we have bitcoin max lifetime Aug-2014,

http://mining.thegenesisblock.com/a/d1e4ab822e

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Check Bitcoin price and trading volume after Dec-2013

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Check mining factor,
it is lowest for all time, will soon cross the red line,and then they will start massive sell-off ASIC mining hardware

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[assetcreator]

FIAT is scam not BTC

[Barek]

It is doubtful that difficulty will double monthly for long.

$0.15/kWh seems expensive.

[Jcw188]

Wow, you bought Bicoin? (see thread title).  Yes, you did get scammed.  Bitcoin is golden though.

[beegatewood]

Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.  

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalk.org/index.php?topic=397876.0

Nah, mining company only control the difficulty...

[overunity]

Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.  

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalk.org/index.php?topic=397876.0

Nah, mining company only control the difficulty...

The only price they can set is the price of the mining equipment they manufacture ,that is also determined by what people will pay .

The difficulty controls miners not the other way round ,it is a mechanism to control the release of new bitcoins at a rate of average 10 minute intervals .

What is beautiful to see is that no-one or group have any control ,for the first time ,control has been automated and bitcoin is the first technology to be based on the new decentralised technology .

If a developer decides to build an auction platform from the decentralised network e-bay will cease to exist along with payPAL and its fees

[QuantumQrack]

Bitcoin works according to plan.  Nothing to see here, move along.

[igorr]

Bitcoin works according to plan.  Nothing to see here, move along.

Just look,

Bitcoin no longer any investors. Producers mining hardware have given up of investments in BTC,
so that Bitcoin machine is hungry and rapidly losing weight.
Mtgox has lost all credibility, and ordinary people can not raise BTC prices, just as they can not raise the price of LTC.

I'm sorry but the game is finished.

[jubalix]

as i said in the other thread this why peer coin and nxt can sky rocket, mining tax/issue just not there.

[igorr]

BTC quickly losing popularity.

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[overunity]

BTC quickly losing popularity.

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What I believe these graphs are showing is the sentiment on a very short timeframe ,but longer term I believe some of the reasons are :

One main reason buyer interest was lower during December and January was the chinese announcements forbidding 3rd party payment processors from working with bitcoin exchanges ,the deadline 31st january ,so large investors are reluctanct to enter the market till after this deadline .

Second ,news that the FED are holding a very large quantity of bitcoins from the silk road closure ,until large investor know with some certainty how these will be liquidated they will stay on the sidelines .

I believe these below reasons are possibly reflected in your timeframe .
We have recently heard of MR Shrem being arrested for alleged money laundering adding further uncertainty.
We have also seen speculation recently that MTgot has issues leading to yet further uncertainty .

Until we see more certainty with the above issues new large finacial investors on the scale of Fidelity are going to be wary of investing ,these types of institutions are what will drive price higher .

My personal opinion is to buy a bit more bitcoin on bad news and reap the rewards later ,the only news you should sell on, is that there is a flaw in the bitcoin protocol ,all other bad news is an opportunity to lower your dollar cost average to maximise gains .

It would be interesting to know which exchanges or what individual exchange you gathered this data from ,we know to disregard gox since you can only buy coins there ,so bitstanp,BTC-e or perhaps some others may be a better reflection .

[LanMachine]

BTC quickly losing popularity.

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What I believe these graphs are showing is the sentiment on a very short timeframe ,but longer term I believe some of the reasons are :

One main reason buyer interest was lower during December and January was the chinese announcements forbidding 3rd party payment processors from working with bitcoin exchanges ,the deadline 31st january ,so large investors are reluctanct to enter the market till after this deadline .

Second ,news that the FED are holding a very large quantity of bitcoins from the silk road closure ,until large investor know with some certainty how these will be liquidated they will stay on the sidelines .

I believe these below reasons are possibly reflected in your timeframe .
We have recently heard of MR Shrem being arrested for alleged money laundering adding further uncertainty.
We have also seen speculation recently that MTgot has issues leading to yet further uncertainty .

Until we see more certainty with the above issues new large finacial investors on the scale of Fidelity are going to be wary of investing ,these types of institutions are what will drive price higher .

My personal opinion is to buy a bit more bitcoin on bad news and reap the rewards later ,the only news you should sell on, is that there is a flaw in the bitcoin protocol ,all other bad news is an opportunity to lower your dollar cost average to maximise gains .

It would be interesting to know which exchanges or what individual exchange you gathered this data from ,we know to disregard gox since you can only buy coins there ,so bitstanp,BTC-e or perhaps some others may be a better reflection .

+1

[Bit_Happy]

Welcome to new difficulty 1.78 bilion, the next change is for about 10 days + 25-35 %  

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The constant from all this is a Block reward every 10 minutes of currently 25 BTC.
This is the first, honest, self regulating invention ever .

Wow! x2
The increase in hashrate is stunning, and to have a "honest, self regulating invention" is pretty good too. 

[overunity]

Welcome to new difficulty 1.78 bilion, the next change is for about 10 days + 25-35 %  

View Screen Capture

The constant from all this is a Block reward every 10 minutes of currently 25 BTC.
This is the first, honest, self regulating invention ever .

Wow! x2
The increase in hashrate is stunning, and to have a "honest, self regulating invention" is pretty good too. 

Who would have dreamed printing money would be so popular   hehe.

[igorr]

Welcome to new dificulty 3.12 bilion and new mining factor 9 cents/Gh at 24h  

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[overunity]

mining is out of the reach of the average joe .
Unless it is a hobby .

[Bitbuy]

Impossible to fight with the this.

hehehe