bitcoin's going up
- Thread starter abyssal_miss
- Start date
warner410
Regular Member
- Jul 28, 2012
- 399
- 201
reminds me of the tulip mania..... note: this may just be the beginning.
The best way to play such speculative runs is to buy a big quantity very early and then keep selling a small quanity at regular intervals.
Once the trend reverses, it will be very difficult to sell these bitcoins.
The best way to play such speculative runs is to buy a big quantity very early and then keep selling a small quanity at regular intervals.
Once the trend reverses, it will be very difficult to sell these bitcoins.
B
Banned member 185991
Guest
The most powerful GPU for mining is a 5870
It does 350 MHash/s
thats $16 month... am I wrong?
It does 350 MHash/s
thats $16 month... am I wrong?
abyssal_miss
Power Member
- Jun 18, 2011
- 621
- 140
wow... $72
Gophering
Junior Member
- Mar 21, 2013
- 115
- 281
Not that I disagree with you here, however bitcoin now is quite different to what it was back during the last bubble. The last crash was pretty much a chain event, causing doubt all across the network because of a large scale hacking attack. Bitcoin has evolved quite a lot since then. Still, I do have my doubts. Got 50 or so coins stacked up in one of my wallets, maybe good time to sell right now, who knows...
abyssal_miss
Power Member
- Jun 18, 2011
- 621
- 140
you have no idea what you're talking about, lol.
Know the term, ASIC?
Yah... don't speculate on which you don't know.
Gophering
Junior Member
- Mar 21, 2013
- 115
- 281
Source on that? Not calling you out on it or anything just interested.
Slightly offtopic, but I kinda think this speculative mindset might be a problem in the future... In other words, I hope that we manage to shift away from the constant btc/$ comparisons and embrace the currency for what it is (stop hording and start spending). I understand that this is pretty much impossible right now (as market capitalization is below 500mil or something like that) but hope that we'll get there in the future.
artizhay
BANNED
- Nov 21, 2010
- 1,867
- 1,340
You're making yourself look like an idiot. I'm talking about market theory and historical corrections.
Throwing around terms doesn't make you look intelligent or give you any credibility. In fact, arbitrarily throwing around acronyms out of context does quite the opposite. Do you know the term Bollinger Bands? Oh look, a simple investment term that is much more applicable to the market value of a currency than mining hardware systems. Now I must be a genius.
Overbought and oversold currencies, securities, etc. have absolutely nothing to do with mining hardware. Don't speculate on which you don't know. Shove your unfounded "advice" up your dumb ass, if you can find it, fucking moron.
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twistedtrick
Power Member
- Aug 21, 2009
- 674
- 395
ASICs are behind schedule, they pre-sell to fund their R&D and half the companies were scams from the start, and yes the 'reward' is halved from 50 to 25 now. If you believe Bitcoin is going to increase in value, IMO the best thing you can do is invest in Bitcoin itself not the mining rigs. I don't understand the whole algorithm behind it, but I do know that as mining efficiency improves the difficulty is raised to keep releasing a stable amount of Bitcoins over time so as more people get ASICs those same people will be rewarded less and less basically.
joaquin112
Regular Member
- Apr 4, 2010
- 287
- 224
It will be interesting to see where this goes. I definitely support bitcoins and will invest some money in them. Anything that takes power from PayPal and the big merchants is welcome IMO.
Cratos
Elite Member
- Aug 16, 2012
- 2,215
- 1,344
ahahahaha freakin art man lol!
