Maybe falllling is right? | Bitcointalksearch.org

Wilhelm

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Quote from: Zawamiya on August 30, 2014, 02:11:23 AM

Fallling is right, I should have listened to him and sell when high Sad

Sell when high hahahahaha.....

Buy low, sell high is the most useless advice since you never know when it's low or high.
In 3 months you will probably be bashing your head in why you didn't buy $500 coins when the price goes to $1k.
If that happens remember this "Buy when low" .... Tongue

falllling

member

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Quote from: Zawamiya on August 30, 2014, 02:11:23 AM

Fallling is right, I should have listened to him and sell when high Sad

sorry for your loss Sad

damnedest bulls scammers!

Zawamiya

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Fallling is right, I should have listened to him and sell when high Sad

maker88

sr. member

Activity: 336

Merit: 250

So are you saying they're cooking the books? Or they just live in a different dimension than you? If its impossible, why is it happening?

trader001

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Quote from: bit tired on August 29, 2014, 09:47:42 AM

Quote from: EricTyle on August 29, 2014, 08:06:51 AM

Quote from: falllling on August 29, 2014, 08:00:01 AM

the production cost doesn't decide bitcoin's price, supply and demand back up it's price
so if less buyer than seller, bitcoin drops lower than the production cost until miners decide to cut loose and stop mining (the end)

Is production cost really an issue? It hasn't been an issue since GPU-mining.

With ASIC mining, it's not that it's inefficient at mining bitcoins. It's that the initial cost is huge, and the difficulty causes the profitability to decline -- unless you buy more ASICs to stay ahead/with the game. But then you're down some more money again...

Vicious cycle; though I do personally know of two people who actively mine. One claims 20,000$ yearly profit, but you won't get near this if you start today without a lump sum to start with.

How much money would you need to buy enough equipment to pay out 20,000$ yearly profit?

No amount of money can generate you 20k profit as even the most efficient antminer S3 gives negative yield.

bit tired

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Activity: 76

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Quote from: EricTyle on August 29, 2014, 08:06:51 AM

Quote from: falllling on August 29, 2014, 08:00:01 AM

the production cost doesn't decide bitcoin's price, supply and demand back up it's price
so if less buyer than seller, bitcoin drops lower than the production cost until miners decide to cut loose and stop mining (the end)

Is production cost really an issue? It hasn't been an issue since GPU-mining.

With ASIC mining, it's not that it's inefficient at mining bitcoins. It's that the initial cost is huge, and the difficulty causes the profitability to decline -- unless you buy more ASICs to stay ahead/with the game. But then you're down some more money again...

Vicious cycle; though I do personally know of two people who actively mine. One claims 20,000$ yearly profit, but you won't get near this if you start today without a lump sum to start with.

How much money would you need to buy enough equipment to pay out 20,000$ yearly profit?

EricTyle

full member

Activity: 152

Merit: 100

Quote from: falllling on August 29, 2014, 08:00:01 AM

the production cost doesn't decide bitcoin's price, supply and demand back up it's price
so if less buyer than seller, bitcoin drops lower than the production cost until miners decide to cut loose and stop mining (the end)

Is production cost really an issue? It hasn't been an issue since GPU-mining.

With ASIC mining, it's not that it's inefficient at mining bitcoins. It's that the initial cost is huge, and the difficulty causes the profitability to decline -- unless you buy more ASICs to stay ahead/with the game. But then you're down some more money again...

Vicious cycle; though I do personally know of two people who actively mine. One claims 20,000$ yearly profit, but you won't get near this if you start today without a lump sum to start with.

falllling

member

Activity: 112

Merit: 10

Quote from: Bogleg on August 29, 2014, 06:55:24 AM

Quote from: falllling on August 29, 2014, 06:34:21 AM

Quote from: richardramirez9 on August 29, 2014, 06:28:37 AM

Quote from: falllling on August 29, 2014, 03:16:32 AM

Quote from: laitela on August 29, 2014, 02:18:48 AM

They just try to make price go down so they can buy at lower price.

go ahead be my guest to buy, bitcoin is breaking into $4xx soon,

why don't you buy "cheaper coins" now? because they are going to be much more cheaper Cheesy

So you want to buy them cheaper because you know we will see ATH next year.

there is no "cheap coins" if bitcoin keep dropping down everyday

The term "cheap" should be compare to production cost.

The production cost for an average miner is higher than 600 per coin, and slightly lower for the ASIC manufacture.

Unless bitcoin go away, the coin price has to go up at least above the production cost.

the production cost doesn't decide bitcoin's price, supply and demand back up it's price
so if less buyer than seller, bitcoin drops lower than the production cost until miners decide to cut loose and stop mining (the end)

Bogleg

full member

Activity: 185

Merit: 100

Quote from: falllling on August 29, 2014, 06:34:21 AM

Quote from: richardramirez9 on August 29, 2014, 06:28:37 AM

Quote from: falllling on August 29, 2014, 03:16:32 AM

Quote from: laitela on August 29, 2014, 02:18:48 AM

They just try to make price go down so they can buy at lower price.

go ahead be my guest to buy, bitcoin is breaking into $4xx soon,

why don't you buy "cheaper coins" now? because they are going to be much more cheaper Cheesy

So you want to buy them cheaper because you know we will see ATH next year.

there is no "cheap coins" if bitcoin keep dropping down everyday

The term "cheap" should be compare to production cost.

The production cost for an average miner is higher than 600 per coin, and slightly lower for the ASIC manufacture.

Unless bitcoin go away, the coin price has to go up at least above the production cost.

falllling

member

Activity: 112

Merit: 10

Quote from: richardramirez9 on August 29, 2014, 06:28:37 AM

Quote from: falllling on August 29, 2014, 03:16:32 AM

Quote from: laitela on August 29, 2014, 02:18:48 AM

They just try to make price go down so they can buy at lower price.

go ahead be my guest to buy, bitcoin is breaking into $4xx soon,

why don't you buy "cheaper coins" now? because they are going to be much more cheaper Cheesy

So you want to buy them cheaper because you know we will see ATH next year.

there is no "cheap coins" if bitcoin keep dropping down everyday

richardramirez9

member

Activity: 84

Merit: 10

Quote from: falllling on August 29, 2014, 03:16:32 AM

Quote from: laitela on August 29, 2014, 02:18:48 AM

They just try to make price go down so they can buy at lower price.

go ahead be my guest to buy, bitcoin is breaking into $4xx soon,

why don't you buy "cheaper coins" now? because they are going to be much more cheaper Cheesy

So you want to buy them cheaper because you know we will see ATH next year.

falllling

member

Activity: 112

Merit: 10

Quote from: laitela on August 29, 2014, 02:18:48 AM

They just try to make price go down so they can buy at lower price.

go ahead be my guest to buy, bitcoin is breaking into $4xx soon,

why don't you buy "cheaper coins" now? because they are going to be much more cheaper Cheesy

laitela

full member

Activity: 190

Merit: 100

They just try to make price go down so they can buy at lower price.

dropt

legendary

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Quote from: falllling on August 29, 2014, 12:32:31 AM

buy wall is weaker now! time to dump 1.5k coins and go back to $4xx

Why are you scamming people again? Cry

falllling

member

Activity: 112

Merit: 10

buy wall is weaker now! time to dump 1.5k coins and go back to $4xx

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: falllling on August 28, 2014, 11:14:40 PM

glad to see more and more people understand better the market and the downtrend of bitcoin

bull scammers start losing their fool power

Too bad the only accounts that agree with you are owned/run by you too! You should probably get your head checked. Might help you be less of a scammer.

falllling

member

Activity: 112

Merit: 10

glad to see more and more people understand better the market and the downtrend of bitcoin

bull scammers start losing their fool power

SunBin

full member

Activity: 151

Merit: 100

Quote from: Ayers on August 28, 2014, 01:28:12 PM

he is right only for the short terms, but bitcoin is a long term thing, so he is actually wrong

Trader is only in for the short term. As for investor, most people here expecting to get rich in 1-2 years.

Wish it is that easy.

Ayers

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Leading Crypto Sports Betting & Casino Platform

he is right only for the short terms, but bitcoin is a long term thing, so he is actually wrong

trader001

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Quote from: Bogleg on August 28, 2014, 11:58:11 AM

Quote from: 2014Bubble on August 20, 2014, 07:28:14 AM

No, falllllling isn't right! I know you guys are disappointed, but I will do my best to make it up to you!!! Undecided

He is right for the WRONG reasons.

Anyway, unless he is shorting big time, he will not benefit from it.

The market only care right and wrong and don't care about "reason".

Same thing with our society, you are either on top of the society or you are not. Nobody care the reason.

Topic: Maybe falllling is right? (Read 8103 times)