Newbie questions

[byt411]

Well, invest what you can afford to lose. That's all I'm gonna say.

Why ?

Umm... Because if you invest what you can't afford to lose, you could end up in the streets asking for money?
Pretty self-explanatory.

[Conixcit]

And i'm asking for why will i lose ?
When i watch btc graphic i can earn money easly... I guess..

[byt411]

And i'm asking for why will i lose ?
When i watch btc graphic i can earn money easly... I guess..

Uh... Nothing is 100% safe... Maybe all governments suddenly ban it together?

[Conixcit]

Yes, i know it is not %100 guaranteed, at least i'll try my best. Real problem is, Ban? How goverment can ban our accounts, as i know bitcoin wasn't illegal. At least, i can't afford milions of bitcoin i'll buy 1 or 2, maybe 3. What can possibly go wrong ?

[DannyHamilton]

And i'm asking for why will i lose ?
When i watch btc graphic i can earn money easly... I guess..

Take a look at these graphics:

http://bitcoincharts.com/charts/mtgoxUSD#rg2920zczsg2011-06-08zeg2011-11-19ztgSzm1g10zm2g25

If you spent $1500 on bitcoin on June 8, 2011, how would you feel on November 19, 2011 when your bitcoins were only worth $93.75 if you didn't know what would happen in the future?  Would you still have had faith that you could "earn money easily", or would you be panicking that you just lost $1406.25 of your $1500 dollars that you couldn't afford to lose?
http://bitcoincharts.com/charts/bitstampUSD#rg1460zczsg2013-04-09zeg2013-07-05ztgSzm1g10zm2g25

If you spent $1500 on bitcoin on April 9, 2013, how would you feel on July 5, 2013 when your bitcoins were only worth $363.46 if you didn't know what would happen in the future?  Would you still have had faith that you could "earn money easily", or would you be panicking that you just lost $1136.54 of your $1500 dollars that you couldn't afford to lose?
http://bitcoincharts.com/charts/bitstampUSD#rg360zczsg2013-12-04zeg2014-04-10ztgSzm1g10zm2g25

If you spent $1500 on bitcoin on December 4, 2013, how would you feel on April 11, 2013 when your bitcoins were only worth $425.00 if you didn't know what would happen in the future?  Would you still have had faith that you could "earn money easily", or would you be panicking that you just lost $1075.00 of your $1500 dollars that you couldn't afford to lose?

[Conixcit]

Sir, when you check whole graphic you can understand easly, you shouldn't buy btc when it became 1500$ ))

[DannyHamilton]

Sir, when you check whole graphic you can understand easly, you shouldn't buy btc when it became 1500$ ))

Why not?  Perhaps it will be $1000000 a few months from now.

It is impossible to predict if the exchange rate will increase or decrease.  Therefore, you should only exchange for bitcoin money that you can afford to lose.  You can't know today if bitcoin will be $5000 or $5 next week.

The "whole graphic" only makes sense because you are looking at the past, at things that have already happened, so you know how it turns out.  Unfortunately, when you choose to acquire some bitcoins, you can only look at the present.  You can't know how it will turn out, so the graphic isn't useful.

[ThePurplePlanet]

IMO you will earn more using http://coinworker.com/ or http://btcclicks.com/ ... If you want to try your miner use http://www.middlecoin.com/

[Harley997]

Hello
I'm new in this bitcoin thing. I'm deepweb user as you know deepweb users using btc, when i search for btc i saw btc has great potential, then i read some documents, there was pool mining for personal computers. I have GTX 650 ti boost, as i read mining pool is best way for earning btc.
I have some questions.
1 : How much bitcoin i can earn with this poor gpu ? I can work in pool 8 hour in a day.
2 : Using another operating system can boost performance ? like linux.

is this gpu enough for begining level ?

I'm open for help
Thanks..


-Forgive me for grammar fails-

GPU mining has not been viable for close to a year now.

If you wish to earn even a small amount of BTC you would need to invest in an ASIC