Topic: Do you still believe in bitcoin - page 92. (Read 108474 times)

That's how bitcoin and volatility work, The price regularly increases and decreases, That's how demand-based items are doing overall generally like in stocks etc...

IMO it's not about believing in bitcoin overall, it has a concept and that concept exist but the main point would be whether you think bitcoin will maintain going up in price overtime or not..

yes, but because like roller coasters, bitcoin can make us a profit. I also believe in bitcoin, because it was able to increase the amount of money my side with very many 

Many people are still believe in Bitcoin and that is very good, because they know that it will be more popular in the future.
And that will of course happen, but it needs time, I also think that it will be later more worth.
So we can sell the coins later with some good profit.

If i would not believe in Bitcoin anymore I wouldn't be here, as so many other as well I think.
Sure we are facing some difficult times at the moment. But Bitcoin as life are rollercoasters.
It goes up and down.

I am still believe in bitcoin even the price is randomly increase and decreasing I am still believe it and  this is my life.
And i hope in near future bitcoin will most popular in each country..

Yep I still believe in Bitcoin...drank the kool aid ...got the t-shirt.....but how I plan on 'solidifying this position" to others is below.....ie the evil genius plan below


Well I'm mining LTC to BTC....around May 1st I will likely hit 100 BTC from all my mining since Oct 2013 (KNC 550gh Jupiter) to the present 2 Titan Scrypt miner still bringing in after electric more then 650 a month $425 a month after electric.

So.....never expected the Titans to last beyond Aug 2015.....will get to 100 BTC ...with electric that will be 4.25K since 2013 and 18k in equipment or 22.25k more or less my total
investment in crypto....I have 'eaten' the electric costs throughout and until may 2016....thus pumping the hoard up to 100 btc but enough is enough....

Thus I will hope for the pump in BTC (and LTC likely will follow) if BTC hits the 650 usd this year folks are saying ..then at the 0.008 ratio of LTC to BTC that is $5.20 LTC
to make this above even more attractive (see below)


So anyway AFTER I hit 100 BTC May 1st or so. All of my mining profits will go to pay off my COMPLETE utilities on the house...both the miner electric and cell phone/inet/gas
water etc etc complete. I have NO debts...so my remaining salary will be food and other

If I'm lucky that will come out to about 7K by the end of the year (with a modest BTC bump and corresponding LTC bump in price likely after halving hopefully). Just have to get to OCT 2016 and my electric  rates for May of  14c kwh will decrease to 10c kwh again (Oct) for heating the house (85% miner heated last year)..thus 'squeaking the homer miners along longer"

so taking off about 7k (or in my mind the $7,131.80 my orig KNC 550gh Jupiter cost me in 2013 and made 53 BTC) then my COMPLETE investment on this 100 BTC will NOT

be around 22.25k but hopefully around 15k ...for whatever value 100 BTC is at that time (in nice safety deposit box in my bank as paper wallets don't ya know)

Its all about 'keeping score' and 'winding this all up' in a prudent fashion


So anyway it is a frigging ASIC miracle that I got to 100 BTC ....so now to wind this home mining up in the next 6-9 months and knock down the original investment

sure another 10 or more BTC would have been nice to hoard...but I mean really....how lucky do I want to push this?......again I expected these miners to be 'doorstops' with new scrypt

equip by Aug 2016


anyway the plan

Also an 'excellent way' to shut people up who say BTC and LTC and crypto are a joke...damn hard to give me crap about it now with 100 BTC in the hoard say and

all my utilities PLUS (at least of a few months) in the bag....for the rest of this year at least and ...ideally I can stretch this out after Oct 2016 on the 14c kwh to 10c kwh electric decrease (xcel 6 months either) to May of 2017 when the electric prices go back to 14c kwh and heating the house benifit goes away...

again..... hopefully a pump in price of btc and ltc at halving thru winter of 2016 to say next May 2017 when the elec goes back to 14c kwh...the odds are long on this without

a decent pump in BTC and LTC following at halving..but hey I have a shot at this


anyway looks like my friends 'intervention' on my behalf on the BTC cult and implosion will have to wait somewhat I'm looking a 'bit' less crazy then in 2013/14/15

anyway my amusing way to look at all this and play games with how I've done with crypto .....in my own mind ....got to keep entertained somehow next year under a Trump Presidency (shudder)


anyway anyone home mining under Xcel in upper midwest USA I can tell you how I got the price per kwh knocked down from 14c to 10c kwh ..the short answer is the Xcel rep lady
asked..I said i had 'server equip I had to keep cool in summer and warm in winter" (a bit of a white lie) just before I was gonna hang up because the thread of my 250 buck increase
in electric costs was making me nervous...she informed me that the 'winter heating rate" was down from 14c kwh to 10c kwh ...am I heating the majority of my house with electric heating?

that kinda got my attention..sure they are going thru the titans first but 3100 watts make dandy 'space heaters' I even had told her it was server equip and told her I'd be willing to
do an inspection (what the heck the inspector would have laughed said 'nice try' and still same 14c kwh) but she just toggled it and viola Anyway it was Xcel I'd assume others
with Winters may have similar plans.

not many people pm'd me on this but then again home mining is kinda dead


We will see pm me in 6 months if you want to see if this 'evil plot' works out (or still want to winter mine for heat like me)

later
 

blockchain technology ? what do you mean by this? I have never heard?
I also hope that bitcoin will continue to endure a lot of trouble. therefore I dare to put my money in bitcoin. big enough for about $ 500

Yes, I still believe in bitcoin, because i think that bitcoin has a good features and a good future. I think that it will be more popular after the halving.

Bitcoin will never die, as it has got the best blockchain technology. After bitcoin used this technology, the same is been followed by most other alts too. So believe in bitcoin and make others believe in it.

Years ago, I didn't. a guy wanted to trade all his BTC(a few thousands) for few alertpay dollars, I didn't knew anything about bitcoin, so I refused his offer as I had no use with it.
and when I read the news that 1 bitcoin has reached $1000, that's when my heart broke and I still regret it. tsk tsk tsk 

Never changed

Do not loose your belief on bitcoin just for trading fluctuations. Ups and downs are very much usual thing for any traded commodity. It provides opportunity to earn if you learn how to make use of them. Keep your faith, bitcoin will worth some millions in few years for sure.

You have to forget about the get right quick illusions, and start earning real money.

Bitcoin is here to stay, and i`m with it.

Yes halving is going to give bitcoin a jump in price as well as it is going to provide very big confident among many people including some of bitcoiners. When bitcoin gain more value people automatically will turn into start believing bitcoin more.

I definitely do, however, I think this is a pretty bias place to get info. I mean after all, it is THE bitcoin forum. If someone didn't believe in it, they wouldn't be here.

i will continue to believe in bitcoin even if it doesn't turn out exactly as i had planned.

second layer solution
on chain scaling.
High fee, low fees
2MB, Segwit.

all completely irrelevant to my belief that bitcoin is far better than fiat.

I don't we would be here if we didn't support Bitcoin. I believe that Bitcoin will never replace FIAT, but will rather find itself as a way to transfer funds anonymously when it simply isn't safe to do it otherwise, whether for good or for evil, much as it is now. Overall, I think Bitcoin will still be around 50+ years from now because simply put, there is no other cryptocurrency as stable and as big as Bitcoin-there's just no substitute, no matter how small its job is.

i believe in it too and i think that bitcoin will reach some serious heights in the near future

because of that i often buy my bitcoins because i hope that one day it will make me a very rich person

Yes I do believe in the bitcoin but I believe in the bitcoin again because its getting back up also because the halving.
I have a good feeling about the bitcoin itself due to the events that are upcoming so I'm believing again in it for sure.