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Topic: Hi, I'm new to the BTC scene (Read 2409 times)

hero member
Activity: 518
Merit: 500
July 24, 2014, 01:26:43 AM
#55
We've been conditioned that way because of the vast amount of scams that are constantly going.
sr. member
Activity: 479
Merit: 500
July 24, 2014, 01:23:32 AM
#54
i'm not one to say "fake" when people say they are this or that. BUT expect someone to come in here and say they don't believe it unless you hold up a paper w/ your username and date. Wink
hero member
Activity: 518
Merit: 500
July 24, 2014, 01:03:50 AM
#53
The Bitcoin scene is a fickle mistress unfortunately.  Its a shame that when anyone new turns up its like "SCAM!!! FAKE!!!" etc Sad
newbie
Activity: 42
Merit: 0
July 23, 2014, 10:20:43 PM
#52
Because I got harassed a million times and I even have negative trust..
I am a girl
http://s18.postimg.org/xket72f9l/IMG_7211.jpg
hero member
Activity: 561
Merit: 500
July 23, 2014, 11:18:58 AM
#51
That could be risky? Couldn't bitcoins just tank?

Yes, bitcoin price is very unstable. It could go up or down 10% daily, and it has dropped from $1100 to $600 in just 2 weeks.
Therefore, you should just put part of your money in bitcoin rather than putting all your life saving in bitcoin.

Why does everyone think its going to go up?

Because we are on bitcointalk lol. Tongue
hero member
Activity: 518
Merit: 500
July 23, 2014, 06:48:59 AM
#50
That could be risky? Couldn't bitcoins just tank? Why does everyone think its going to go up?

I see ghash.io mining like crazy.. 25bitcoins every 30~ minutes $15,000..

I like brockville btw :p

Yes very risky, but the bitcoin community and structure (huge mining farms ala Ghash.io are popping up all the time) is such that for the past few months the price has been reasonably stable.  Back when I started doing bitcoining(new phrase?) the price was 80 USD now 620 ish. 

I should have just bought!!!
hero member
Activity: 532
Merit: 500
Currently held as collateral by monbux
July 23, 2014, 06:31:09 AM
#49
Stocks are risky too. We don't know what future brings, just hope for the best.

You should look at recent charts to get a better understanding of the stocks but yes you are right its a risky business but if it pays off if pays off big time.
hero member
Activity: 700
Merit: 500
July 23, 2014, 06:11:12 AM
#48
Stocks are risky too. We don't know what future brings, just hope for the best.
newbie
Activity: 42
Merit: 0
July 23, 2014, 05:57:21 AM
#47
That could be risky? Couldn't bitcoins just tank? Why does everyone think its going to go up?

I see ghash.io mining like crazy.. 25bitcoins every 30~ minutes $15,000..

I like brockville btw :p
hero member
Activity: 518
Merit: 500
July 23, 2014, 05:37:58 AM
#46
Welcome to the forums.

If you are looking for investment or a profit, then I would suggest buying bitcoins, and storing them in an offline wallet.

Yes, its not fun at all just looking at your coinage just sitting there, but when there is an upward shift in value you'd be in profit if you sold.

If you are in it for a hobby, then get some (relatively) cheap mining equipment. Be aware though, that this route would crush all of your hopes to get a nice profit unless bitcoin leapt in value.

I have a relative in Brockville!

Anyways, hope this helps. 

Thanks
hero member
Activity: 700
Merit: 500
July 23, 2014, 05:29:19 AM
#45
I live in toronto. If your looking to make a profit with mining bitcoin or other cryptocurrencies, your pretty much too late, other than massive expensive ASICS.

Since you have primedice signature you become big spammer.
hero member
Activity: 588
Merit: 500
Get ready for PrimeDice Sig Campaign!
July 22, 2014, 11:56:36 AM
#44
I live in toronto. If your looking to make a profit with mining bitcoin or other cryptocurrencies, your pretty much too late, other than massive expensive ASICS.
newbie
Activity: 42
Merit: 0
July 22, 2014, 11:53:49 AM
#43
Yes but as a Canadian it would be great to buy one without having to pay a billion dollars for taxes and customs and so forth.
hero member
Activity: 868
Merit: 1000
July 22, 2014, 11:43:31 AM
#42
you should consider the new antminers that are about to come out, which does a minm 500gh/s. per unit.

You mean the S3, right? Isn't it mining at 478 GH/s ±5% instead of minimum 500?
newbie
Activity: 55
Merit: 0
July 22, 2014, 11:27:21 AM
#41
you should consider the new antminers that are about to come out, which does a minm 500gh/s. per unit.

outside from posting on the forum to get btc.
newbie
Activity: 42
Merit: 0
July 22, 2014, 11:25:50 AM
#40
Where could I buy a S2 or S3 miner in Canada for cheap!?
hero member
Activity: 868
Merit: 1000
July 22, 2014, 11:24:41 AM
#39
The real only way yo profit from mining is if you have cheaper then average electricity or free electricity available.

But then, it will make bitcoin mining more and more centralized as only those with significant money to buy newest ASICs and cheap electricity will join the game.
member
Activity: 81
Merit: 10
July 22, 2014, 11:21:32 AM
#38
What would be a good sha256 investment? I'm Canadian and I'd like to buy from Canada. Would be cool to be able to use my credit card too.

what are you talking about specifically.... miners? to be honest, the big farms will always be 10 steps ahead of you, and they will kill your ROI. but, i could be wrong, too. Smiley
Generally, bitcoin mining is dead for individuals, however, there are some altcoins which may be mined with profit.

Who told you 'bitcoin mining is dead for individuals' ? Huh Smiley Many people are still mining. The problem is you will have to buy best miners on the market, which will cost you some $$$ . You can't tell it is dead but you can tell it is dead for individuals with small hash rate. Smiley

Kindly,
      MZ

The problem is that you can hardly get any profit from buying those ASICs, after considering the increasing difficulty and your electricity bills.
Today bitcoin mining is a zero sum game. The real only way yo profit from mining is if you have cheaper then average electricity or free electricity available.
hero member
Activity: 868
Merit: 1000
July 22, 2014, 11:18:13 AM
#37
What would be a good sha256 investment? I'm Canadian and I'd like to buy from Canada. Would be cool to be able to use my credit card too.

what are you talking about specifically.... miners? to be honest, the big farms will always be 10 steps ahead of you, and they will kill your ROI. but, i could be wrong, too. Smiley
Generally, bitcoin mining is dead for individuals, however, there are some altcoins which may be mined with profit.

Who told you 'bitcoin mining is dead for individuals' ? Huh Smiley Many people are still mining. The problem is you will have to buy best miners on the market, which will cost you some $$$ . You can't tell it is dead but you can tell it is dead for individuals with small hash rate. Smiley

Kindly,
      MZ

The problem is that you can hardly get any profit from buying those ASICs, after considering the increasing difficulty and your electricity bills.
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
July 22, 2014, 10:57:34 AM
#36
What would be a good sha256 investment? I'm Canadian and I'd like to buy from Canada. Would be cool to be able to use my credit card too.

what are you talking about specifically.... miners? to be honest, the big farms will always be 10 steps ahead of you, and they will kill your ROI. but, i could be wrong, too. Smiley
Generally, bitcoin mining is dead for individuals, however, there are some altcoins which may be mined with profit.

Who told you 'bitcoin mining is dead for individuals' ? Huh Smiley Many people are still mining. The problem is you will have to buy best miners on the market, which will cost you some $$$ . You can't tell it is dead but you can tell it is dead for individuals with small hash rate. Smiley

Kindly,
      MZ
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