yes I'm wrong. I posted without thinking there. deleted.
I appreciate very much being able to admit one's mistake and fixing it, thank you!
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 393. (Read 3917543 times)
guys its tanking again
Thanks to everyone casually buying 1 share and keeping the price a tad higher, every time someone eats through the bids. 
But lower prices are a good thing for those that are buying or still accumulating. The share price shouldn't matter for those that are waiting on the dividends to start being paid again. It's how much the dividends are going to be that really matters.
Thanks to everyone casually buying 1 share and keeping the price a tad higher, every time someone eats through the bids.
yes I'm wrong. I posted without thinking there. deleted.
If you have a rig that cost 1000$, paid for it in fiat, run it for one year and it mines a total of one single btc, it seems like a colossal loss at current prices. but if the btc price rises to 10 000$ in the future, even ten or twenty years from now... you have still made a good investment.
I mentioned this to a friend the other day and he said it's not that simple, over those years you are waiting for the price to go up the value of the dollar is dropping....
This meme came up on every rally
But for the moment there isn't any rally. So while you are holding BTC I'm moving money every month. Of course if I knew that we had a 2 month rally like last year from 100$ to 1100$ I would prefer to buy and hold, but until the rally happens I'm moving BTC and cash all the time while holders do nothing.
Edit: I'm sure that everyone that bought BTC and is holding got them at more than 450$ or more than 500$. For the moment the places are reversed. The one holding is just sitting while miners are moving money.
how come the price keeps tanking?
As it's been tanking so long, the bigger question isnt' why someone is selling, but why the true belivers are not snapping up cheap shares knowing about Gen3 release shortly.
And... ponder this.. If nobody is snapping them up now, what makes you think there is going to be a huge rally when the div's come back?
edit: I'm confused by this myself.. anybody?
Most taking this ride have filled their positions months ago. It was even cheaper then.
and completely a gamble since there wasn't even an ASIC. Regardless of the increase in price it's a comparably better investment now then what people rolled the dice on then. The chance of failure was far too great at that point.
how come the price keeps tanking?
As it's been tanking so long, the bigger question isnt' why someone is selling, but why the true belivers are not snapping up cheap shares knowing about Gen3 release shortly.
And... ponder this.. If nobody is snapping them up now, what makes you think there is going to be a huge rally when the div's come back?
edit: I'm confused by this myself.. anybody?
Most taking this ride have filled their positions months ago. It was even cheaper then.
how come the price keeps tanking?
As it's been tanking so long, the bigger question isnt' why someone is selling, but why the true belivers are not snapping up cheap shares knowing about Gen3 release shortly.
And... ponder this.. If nobody is snapping them up now, what makes you think there is going to be a huge rally when the div's come back?
edit: I'm confused by this myself.. anybody?
how come the price keeps tanking?
This meme came up on every rally
...
Or you could just buy 2 btc...
Or you could just buy 2 btc...
And what are you doing with them? Holding until when?
I am sure that the majority of people can't/won't respect the SSS. Most of the people never did trading and usually people are very anxious and don't respect any plan. Sentiments get involved very often when it comes to money and a quick win or loss matter much more than the SSS plan. How many people who bought at 32$ before the fall didn't quickly exchanged them at 100$ or 200$ to just feel sorry about it at 1100$?
For me mining makes it very easy to manage things. I can cash out money every month, I can save bitcoins, I can sell equipment, I can shut down equipment and turn it on when the BTC exchange rate is better etc.
the thing with mining that nobody seems to acknowledge is this;
If you have a rig that cost 1000$, paid for it in fiat, run it for one year and it mines a total of one single btc, it seems like a colossal loss at current prices. but if the btc price rises to 10 000$ in the future, even ten or twenty years from now... you have still made a good investment.
in traditional investing, doubling your money in ten years is seen as a decent conservative return. so if btc is even only worth 2000$ in 2024 you have a win, my friends.
support the network and hodl!
If you have a rig that cost 1000$, paid for it in fiat, run it for one year and it mines a total of one single btc, it seems like a colossal loss at current prices. but if the btc price rises to 10 000$ in the future, even ten or twenty years from now... you have still made a good investment.
in traditional investing, doubling your money in ten years is seen as a decent conservative return. so if btc is even only worth 2000$ in 2024 you have a win, my friends.
support the network and hodl!
Or you could just buy 2 btc...
just caught myself as you posted (edited)
As far as I'm concerned, the only way to achieve ROI is to successfully mine more BTC than you would have been able to buy with the fiat you spent on the mining equipment. (Or, if the mining equipment is priced in BTC, mine more BTC than the amount of BTC that was spent on the equipment.)
Now, of course, we know that the IRS considers mined BTC to be income as soon as it's mined, and expects to receive their cut. So, that's another cost that Americans have to take into consideration that makes achieving ROI even more difficult.
...
Or you could just buy 2 btc...
Or you could just buy 2 btc...
And what are you doing with them? Holding until when?
the thing with mining that nobody seems to acknowledge is this;
If you have a rig that cost 1000$, paid for it in fiat, run it for one year and it mines a total of one single btc, it seems like a colossal loss at current prices. but if the btc price rises to 10 000$ in the future, even ten or twenty years from now... you have still made a good investment.
in traditional investing, doubling your money in ten years is seen as a decent conservative return. so if btc is even only worth 2000$ in 2024 you have a win, my friends.
support the network and hodl!
If you have a rig that cost 1000$, paid for it in fiat, run it for one year and it mines a total of one single btc, it seems like a colossal loss at current prices. but if the btc price rises to 10 000$ in the future, even ten or twenty years from now... you have still made a good investment.
in traditional investing, doubling your money in ten years is seen as a decent conservative return. so if btc is even only worth 2000$ in 2024 you have a win, my friends.
support the network and hodl!
Or you could just buy 2 btc...
And what are you doing with them? Holding until when?
the thing with mining that nobody seems to acknowledge is this;
If you have a rig that cost 1000$, paid for it in fiat, run it for one year and it mines a total of one single btc, it seems like a colossal loss at current prices. but if the btc price rises to 10 000$ in the future, even ten or twenty years from now... you have still made a good investment.
in traditional investing, doubling your money in ten years is seen as a decent conservative return. so if btc is even only worth 2000$ in 2024 you have a win, my friends.
support the network and hodl!
If you have a rig that cost 1000$, paid for it in fiat, run it for one year and it mines a total of one single btc, it seems like a colossal loss at current prices. but if the btc price rises to 10 000$ in the future, even ten or twenty years from now... you have still made a good investment.
in traditional investing, doubling your money in ten years is seen as a decent conservative return. so if btc is even only worth 2000$ in 2024 you have a win, my friends.
support the network and hodl!
Or you could just buy 2 btc...
There are folks out there that refuse to accept the fact that buying mining gear is losing against buy and hold, of course somedays they will get it, but there're always new bloods to replace them. At least AM and hopefully RM, give what user paid for unlike those scumbag / incompetence bfl,cointerra,knc .
Buy and hold until when? When are you exchanging your BTC to fiat? Miners have more flexibility imo. Buying and holding isn't very flexible.
There are folks out there that refuse to accept the fact that buying mining gear is losing against buy and hold, of course somedays they will get it, but there're always new bloods to replace them. At least AM and hopefully RM, give what user paid for unlike those scumbag / incompetence bfl,cointerra,knc .
And if it turns out that AM is having difficulty selling chips in sufficient numbers, then there's the self-mining option.
yea I agree, definitely would be prudent to wait. great thanks
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