Topic: I will donate to you, for your help. (Read 2650 times)
"Everyone needs gasoline for their vehichles. There's no way this store will go out of business." <2 months later> "Going out of business..."
Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?
Quotes like are dangerous. There is no such thing as "there is no way this will bust." So many people have trouble even understanding the bitcoin concept; this thing can bust easily.
Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?
Just have a back up plan...you're investing more than me and my brother's shared college fund to give a comparison...
That is all I am saying as well. But if you have the cash to lose then please go forward etc.
Don't re-mortgage your house for this etc. !
Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?
Just have a back up plan...you're investing more than me and my brother's shared college fund to give a comparison...
technically there will be the same amount of btc to go around since the system is designed to allow for 6 blocks per hour. this is why we see difficulty adjustments to begin with, to keep the flow of new btc stable.
Seriously Guys, There's no way this will bust. People are really trading with it now, and everyday more and more people are gaining awareness... And if mining becomes harder there will be lets BTC to go around that only means higher prices right?
Well it depends because there will be loads of used 5850s on eBay after all the miners have quit in a hypothetical scenario and the market would be saturated ( where as now these cards are rarities ) and you could end up with nobody wanting to buy your cards or if at all, for a very small sum etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
In fact, most investors bought up 5xxx series cards, which really excel at mining but aren't really top end gaming cards. So now you have a market flooded with mid ranged gaming cards that most gamers probably already have or have better than, reducing value even more.
http://www.tomshardware.com/reviews/best-graphics-card-radeon-hd-6990-geforce-gtx-590,2912-7.html
uh...says who? 5870s and 5850s, hell, even 5770s are pretty damn good graphics cards that can play most games out there without a sweat.
In fact, most investors bought up 5xxx series cards, which really excel at mining but aren't really top end gaming cards. So now you have a market flooded with mid ranged gaming cards that most gamers probably already have or have better than, reducing value even more.
I sir, am that market!
Are you sure you want to invest $14000?
Yes I'm pretty certain, If not more.
but you know that most likely you can get more coins if you buy them with those 20k usd on mtgox than you can possibly mine with that equipment IF difficulty will rise that fast?
plus $750 for electricity per month (assuming .15c for kWh)
Why would it go bust? It's doing so well, and only growing.
It's more volatile than Neo-nazis at a bat mitzvah.
Well it depends because there will be loads of used 5850s on eBay after all the miners have quit in a hypothetical scenario and the market would be saturated ( where as now these cards are rarities ) and you could end up with nobody wanting to buy your cards or if at all, for a very small sum etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
In fact, most investors bought up 5xxx series cards, which really excel at mining but aren't really top end gaming cards. So now you have a market flooded with mid ranged gaming cards that most gamers probably already have or have better than, reducing value even more.
After you finish your setup, I would recommend to switch the bitcoind into testnet. Then, you will very soon mine your first *FAKE* 50 BTC just to verify that everything works fine. Do not forget to switch back to real chain!
Well it depends because there will be loads of used 5850s on eBay after all the miners have quit in a hypothetical scenario and the market would be saturated ( where as now these cards are rarities ) and you could end up with nobody wanting to buy your cards or if at all, for a very small sum etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
Of course the rest of the components are quite mainstream so i guess you could sell those but the min you take them out of the box the price depreciates etc.
At least with mining you can't lose your entire investment: can always hawk the hardware on ebay, right?
Well I am just trying to help you mate.
Anything is possible. Do not forget that etc.
The point I was trying to make was : "do you have a disaster plan or similar etc. to avoid losing your 14 000 etc. ?"
Just trying to be helpful etc.
I suggest taking it relatively easy and not going and splashing all your cash for ati cards etc.
Anything is possible. Do not forget that etc.
The point I was trying to make was : "do you have a disaster plan or similar etc. to avoid losing your 14 000 etc. ?"
Just trying to be helpful etc.
I suggest taking it relatively easy and not going and splashing all your cash for ati cards etc.
impossible to predict, but it very well could... could be tomorrow could be 2 years from now... could never
Why would it go bust? It's doing so well, and only growing.
What if it goes bust, not that I hope it will etc. ?
Are you sure you want to invest $14000?
Yes I'm pretty certain, If not more.
Are you sure you want to invest $14000?
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