the silverbox update (comparison from the beginning of this thread):
Bitcoin: +311%
Gold: -1%
GPL: -25% silverbox long
Diff: +312% advantage Bitcoin and growing
Topic: Gold collapsing. Bitcoin UP. - page 1350. (Read 2032266 times)
not really. i've always been able to focus on the fact that the protocol was never an issue. only my stupidity was.
You misspelled education in the school of hard knocks
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... i've always been able to focus on the fact that the protocol was never an issue. only my stupidity was.
... i've always been able to focus on the fact that the protocol was never an issue. only my stupidity was.
My hats off to you sir, not many peers realize this fact and abandon the "race" early. I had my share of scams too but I'm still here doing business like usual, because the protocol is sound and no "tungsten" in sight.
otoh, if they do it right, they could make millions.
Sure. However, there are only so many bitcoins are mined and only very few ASIC miners like Jeff who managed to start early will do really good. The rest will inevitably ramp up difficulty and still have to share all the same new coins.
In risk/reward models, that I've looked at back in May, it was clear that if BTC price rises as it has now then ASIC mining project will be profitable (assuming other risks, like getting a dodgy manufacturer etc work out). However, when comparing that model with simply holding BTC it became painfully obvious that risk/reward of mining investment was significantly worse.
@smoothie. Great to hear that litecoin is doing so well. It probably will do even better once GPU miners are "kicked out of Bitcoin" and have nowhere to go but to start mining litecoins.
+1 I tend to agree.
+1
otoh, if they do it right, they could make millions.
Sure. However, there are only so many bitcoins are mined and only very few ASIC miners like Jeff who managed to start early will do really good. The rest will inevitably ramp up difficulty and still have to share all the same new coins.
In risk/reward models, that I've looked at back in May, it was clear that if BTC price rises as it has now then ASIC mining project will be profitable (assuming other risks, like getting a dodgy manufacturer etc work out). However, when comparing that model with simply holding BTC it became painfully obvious that risk/reward of mining investment was significantly worse.
@smoothie. Great to hear that litecoin is doing so well. It probably will do even better once GPU miners are "kicked out of Bitcoin" and have nowhere to go but to start mining litecoins.
+1 I tend to agree.
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actually getting fleeced in early 2011 by the 14 yo Nathaniel Theis/cuddlefish for 800 BTC was probably the best thing that ever happened to me. it allowed me to focus on just accumulating after that.
...
Surprised you stayed in the game getting scammed that early...
not really. i've always been able to focus on the fact that the protocol was never an issue. only my stupidity was.
...
actually getting fleeced in early 2011 by the 14 yo Nathaniel Theis/cuddlefish for 800 BTC was probably the best thing that ever happened to me. it allowed me to focus on just accumulating after that.
...
Surprised you stayed in the game getting scammed that early...
really the moral of the story is "grab as many Bitcoin now while you still can".
grab and stash and do not let it go
I had to turn down a number of potential investment opportunities only because risk/reward on those, comparing to simply holding BTC, was just so pitifully horrible.
this is exactly how i've been thinking but even i want to buy some of those asic's and have been tempted to invest in some businesses.
actually getting fleeced in early 2011 by the 14 yo Nathaniel Theis/cuddlefish for 800 BTC was probably the best thing that ever happened to me. it allowed me to focus on just accumulating after that.
i think i'll forget the asic's for now.
really the moral of the story is "grab as many Bitcoin now while you still can".
grab and stash and do not let it go
I had to turn down a number of potential investment opportunities only because risk/reward on those, comparing to simply holding BTC, was just so pitifully horrible.
really the moral of the story is "grab as many Bitcoin now while you still can".
otoh, if they do it right, they could make millions.
Sure. However, there are only so many bitcoins are mined and only very few ASIC miners like Jeff who managed to start early will do really good. The rest will inevitably ramp up difficulty and still have to share all the same new coins.
In risk/reward models, that I've looked at back in May, it was clear that if BTC price rises as it has now then ASIC mining project will be profitable (assuming other risks, like getting a dodgy manufacturer etc work out). However, when comparing that model with simply holding BTC it became painfully obvious that risk/reward of mining investment was significantly worse.
@smoothie. Great to hear that litecoin is doing so well. It probably will do even better once GPU miners are "kicked out of Bitcoin" and have nowhere to go but to start mining litecoins.
yes, i definitely have to agree with this.
otoh, if they do it right, they could make millions.
Sure. However, there are only so many bitcoins are mined and only very few ASIC miners like Jeff who managed to start early will do really good. The rest will inevitably ramp up difficulty and still have to share all the same new coins.
In risk/reward models, that I've looked at back in May, it was clear that if BTC price rises as it has now then ASIC mining project will be profitable (assuming other risks, like getting a dodgy manufacturer etc work out). However, when comparing that model with simply holding BTC it became painfully obvious that risk/reward of mining investment was significantly worse.
@smoothie. Great to hear that litecoin is doing so well. It probably will do even better once GPU miners are "kicked out of Bitcoin" and have nowhere to go but to start mining litecoins.
This thread's name is kind of wrong. Who the hell cares about gold? I am more interested if there is any other asset on this damn planet that performed better than Bitcoin during last 4, 3, 2, 1 years, or 8, 6, 4, 2, 1 month or any other period of time?
Nevermind, I'll wait until we get to 4 digits before I get really excited.
Nevermind, I'll wait until we get to 4 digits before I get really excited.
Litecoin 1 year ago was 1/2 a penny. So now it is $0.074 so there you go 1400% gain in 1 year.
Litecoin beat bitcoin in that arena as you asked.
1. I am very happy that someone got amused. My "complaints" are very much tongue in cheek as usual and so amusement is the best I could hope for. LOL
2. I have not much to say about ASIC's because I am not in ASIC game for a while now. Back in May/June I have decided that I will let other ASIC players to play this dog eat dog game without me and I would better hold on to BTC.
Considering that those ASIC players had to invest their money back then when BTC fetched about 5$ they now need to at least quadruple their money just to catch up on to their cost of lost opportunity. Good luck with that.
2. I have not much to say about ASIC's because I am not in ASIC game for a while now. Back in May/June I have decided that I will let other ASIC players to play this dog eat dog game without me and I would better hold on to BTC.
Considering that those ASIC players had to invest their money back then when BTC fetched about 5$ they now need to at least quadruple their money just to catch up on to their cost of lost opportunity. Good luck with that.
that's actually pretty smart of you. you didn't even mention the labor and headache involved in such a project as well.
otoh, if they do it right, they could make millions.
LOL
1. I am very happy that someone got amused. My "complaints" are very much tongue in cheek as usual and so amusement is the best I could hope for. LOL
2. I have not much to say about ASIC's because I am not in ASIC game for a while now. Back in May/June I have decided that I will let other ASIC players to play this dog eat dog game without me and I would better hold on to BTC.
Considering that those ASIC players had to invest their money back then when BTC fetched about 5$ they now need to at least quadruple their money just to catch up on to their cost of lost opportunity. Good luck with that.
2. I have not much to say about ASIC's because I am not in ASIC game for a while now. Back in May/June I have decided that I will let other ASIC players to play this dog eat dog game without me and I would better hold on to BTC.
Considering that those ASIC players had to invest their money back then when BTC fetched about 5$ they now need to at least quadruple their money just to catch up on to their cost of lost opportunity. Good luck with that.
This thread's name is kind of wrong. Who the hell cares about gold? ...
It's a big Internet...and amusing that someone would home in to a particular thread of a particular board of a particular forum of a particular domain to complain about the OP title. But I always appreciate being amused. So, thx
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Separately, I wish to god that you were not so mute on the ASIC stuff as one of the few people who would probably have something to say which is worth focusing on relative to the topic. OTOH, I'm finally past my interest in the topic for now I think.
that's actually a good point.
what say u Vlad?
This thread's name is kind of wrong. Who the hell cares about gold? ...
It's a big Internet...and amusing that someone would home in to a particular thread of a particular board of a particular forum of a particular domain to complain about the OP title. But I always appreciate being amused. So, thx
---
Separately, I wish to god that you were not so mute on the ASIC stuff as one of the few people who would probably have something to say which is worth focusing on relative to the topic. OTOH, I'm finally past my interest in the topic for now I think.
This thread's name is kind of wrong. Who the hell cares about gold? I am more interested if there is any other asset on this damn planet that performed better than Bitcoin during last 4, 3, 2, 1 years, or 8, 6, 4, 2, 1 month or any other period of time?
Nevermind, I'll wait until we get to 4 digits before I get really excited.
Nevermind, I'll wait until we get to 4 digits before I get really excited.
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