1.1THS makes barely $20 a day!!!

[lphelps]

So much for thinking 4 months ago that once I got over 1.1THS on a cloud mining site that I would be making over $100 a day... and that was after maintenance fees.

Combined with the shitty low price of BTC now and the fucking difficulty ramping up to the moon every 12-13 days, I now see why mining is only for the fucking wealthy that have money to throw away..

I'm still waiting for BitCoin to explode in value.. There was a rumor back in January that by end of Q1 2014, BitCoin was going to be over $1600.. It appears after MT.GOX the price has gone to shit.. Next is this China thing.. Everybody seems to be trusting on the Chinese as they do the Federal Reserve..

From what I'm hearing from Cliff High of HalfPastHuman, BitCoin is going to sink even further in value by June, because the USD is magically going to gain in value through the usual bullshit.

This is getting beyond ridiculous... I wouldn't be a bit surprised if the global elite drive down the price of BitCoin to $10 and then they use their central banks to buy up nearly all the loose coins and then they just shelf them to get them off the market...

[1714899992]

1714899992

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[1714899992]

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[alh]

Think about it for a minute. Let's assume "somebody" does amass a huge pile of
Bitcoins. What do they do with them? They can't eat them, and to some extent
they can't sell a bunch of them for fear of driving the price down. I personally
don't want to own a million bBitcoins in 3 years. They only have value to the
extent other think they do, and that could approach zero sometime. Then what
do you have?

[lphelps]

Think about it for a minute. Let's assume "somebody" does amass a huge pile of
Bitcoins. What do they do with them? They can't eat them, and to some extent
they can't sell a bunch of them for fear of driving the price down. I personally
don't want to own a million bBitcoins in 3 years. They only have value to the
extent other think they do, and that could approach zero sometime. Then what
do you have?

this global elite with their central bankers don't care about the value. they print money out of thin
air. if they drive the price down and buy them all up to take them out of circulation, it just forces
all those holding to be bag holders. all the major retailers that were accepting BTC, would then
drop it due it being worthless..

[dyask]

Think about it for a minute. Let's assume "somebody" does amass a huge pile of
Bitcoins. What do they do with them? They can't eat them, and to some extent
they can't sell a bunch of them for fear of driving the price down. I personally
don't want to own a million bBitcoins in 3 years. They only have value to the
extent other think they do, and that could approach zero sometime. Then what
do you have?

this global elite with their central bankers don't care about the value. they print money out of thin
air. if they drive the price down and buy them all up to take them out of circulation, it just forces
all those holding to be bag holders. all the major retailers that were accepting BTC, would then
drop it due it being worthless..

And just how can the "global elite" actually drive the price down?   

[soothaa]

Lol

[Lamber]

After a while 1Th will make 5$, that is no surprise, but for those manufacters who are mining, it is still a good profit.

[kingscrown]

thats normal man if BTC wont jump, then everybody who has shaminers is on loss.

[fattypig]

Many people pre-order ASICs when bitcoin hit $1000, they used $1000 to calculate their profit. Few months down the road and delay from manufacturer = bye bye ROI...