Dont mine - too late
Invest - Still early!
Topic: New Here , Am i too late for bitcoin ? (Read 3015 times)
Right now, bitcoin is still far from mass adoption.
It is not really too late yet.
It is not really too late yet.
That's sound advice!
If you think it's going to go up then jump in now. If you're not willing to risk it, then just skip it.
It's all up to YOU!
I know, not the best advice but that's kinda how it works.
Go with your gut. Just don't risk more than you can afford to lose.
Hi all , just read about bitcoin lately and saw the bullrun. Am i too late to invest to mine or to buy them to keep ? 
It's never too late! The altcoin bull run is just beginning! Bookmark this page: http://coinmarketcap.com
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Oh, and check out my video from today! You might like it! vvvvvvvvvvvvvv
I saw that BTC could reach 10k in 2014 or more i know its all speculation but whats your toughts on that?
Once bitcoin has replaced VISA, you'll probably not make a substantial profit of bitcoin anymore, but you'll still want to buy it because of the utility it brings.
Can the bitcoin network support the volume of transactions it would take to replace VISA or any other major credit card? The Visa web site says they process 150 million transactions per day http://corporate.visa.com/about-visa/technology/transaction-processing.shtml. Is there an practical upper bound on the transactions/day for the bitcoin protocol? I imagine the block chain would get enormous very fast at that volume, but I'm still a newbie so I may be missing something.
Currently about 7 transactions/second is the Bitcoin limit, but will be increased later. Block chain is still very small, about 12 GB, it is nothing with today TB drives, and for normal person client version without blockchain downloads are avaiable like Electrum
hard drive space is not the problem. the problem is that with larger blocks is that it gives big advantages to miners with high speed internet connections and incents people to join larger pools. inotherwords it would cause bitcoin to become more centralized.
i think this problem will be solved also, but trying to brute force a solution with larger and larger blocks is probably not wise. there are proposals that could potentially make each transaction smaller and centralized but trustless off chain ledgers that use bitcoin for clearing could take over the load for smaller transactions.
Once bitcoin has replaced VISA, you'll probably not make a substantial profit of bitcoin anymore, but you'll still want to buy it because of the utility it brings.
Can the bitcoin network support the volume of transactions it would take to replace VISA or any other major credit card? The Visa web site says they process 150 million transactions per day http://corporate.visa.com/about-visa/technology/transaction-processing.shtml. Is there an practical upper bound on the transactions/day for the bitcoin protocol? I imagine the block chain would get enormous very fast at that volume, but I'm still a newbie so I may be missing something.
Currently about 7 transactions/second is the Bitcoin limit, but will be increased later. Block chain is still very small, about 12 GB, it is nothing with today TB drives, and for normal person client version without blockchain downloads are avaiable like Electrum
Good to see people have already been working on this issue. Here is a useful link I found for other newbies like me: https://en.bitcoin.it/wiki/Scalability
Once bitcoin has replaced VISA, you'll probably not make a substantial profit of bitcoin anymore, but you'll still want to buy it because of the utility it brings.
Can the bitcoin network support the volume of transactions it would take to replace VISA or any other major credit card? The Visa web site says they process 150 million transactions per day http://corporate.visa.com/about-visa/technology/transaction-processing.shtml. Is there an practical upper bound on the transactions/day for the bitcoin protocol? I imagine the block chain would get enormous very fast at that volume, but I'm still a newbie so I may be missing something.
Currently about 7 transactions/second is the Bitcoin limit, but will be increased later. Block chain is still very small, about 12 GB, it is nothing with today TB drives, and for normal person client version without blockchain downloads are avaiable like Electrum
Bitcoins still seem like a great investment but a total lack of trusted exchanges and ways to buy with credit card or banks without countless checks and delays.
Well look around. How many gas stations accept them? How many major retailers accept them? How many of your friends are using them? Is your mom using them? 
don't worry you are still early to this party.
don't worry you are still early to this party.
Only too late if you don't have some level of support/belief that virtual currencies will see a wider(er) use in the world. We are probably 2-5 years away from seeing a more mainstream usage of this type of value exchange.
Thanks for these resources. Been looking for info on difficulty.
Once bitcoin has replaced VISA, you'll probably not make a substantial profit of bitcoin anymore, but you'll still want to buy it because of the utility it brings.
Can the bitcoin network support the volume of transactions it would take to replace VISA or any other major credit card? The Visa web site says they process 150 million transactions per day http://corporate.visa.com/about-visa/technology/transaction-processing.shtml. Is there an practical upper bound on the transactions/day for the bitcoin protocol? I imagine the block chain would get enormous very fast at that volume, but I'm still a newbie so I may be missing something.
only about 0,01% of human population has bitcoins right now.
If bitcoin becomes popular (which it should), you'll still be one of the early investors.
As long as bitcoin has not yet replaced VISA as a payment method, you're not too late to invest in bitcoin and expect a large profit.
Once bitcoin has replaced VISA, you'll probably not make a substantial profit of bitcoin anymore, but you'll still want to buy it because of the utility it brings.
So, unless bitcoin completely crash to $0 it's ALWAYS a good idea to buy, no matter the price.
If bitcoin becomes popular (which it should), you'll still be one of the early investors.
As long as bitcoin has not yet replaced VISA as a payment method, you're not too late to invest in bitcoin and expect a large profit.
Once bitcoin has replaced VISA, you'll probably not make a substantial profit of bitcoin anymore, but you'll still want to buy it because of the utility it brings.
So, unless bitcoin completely crash to $0 it's ALWAYS a good idea to buy, no matter the price.
I checked out the link that you posted and the prices are good (too good?) and
the ASICMiner blades that they offer are the older version, not the current version.
There are some advantages to the old version, although in this case, it just looks
like the website is obsolete (or a scam).
Newbies beware!
-Mark
the ASICMiner blades that they offer are the older version, not the current version.
There are some advantages to the old version, although in this case, it just looks
like the website is obsolete (or a scam).
Newbies beware!
-Mark
I thought the prices were too good as well... $100 for a fury seems like a steal almost, I haven't bought anything from it but it's good to get a second opinion!
I canceled my Mt Gox application without confirming it. I thought they wanted way too much
personal information.
-Mark
personal information.
-Mark
Lucky I just wish I knew after having to wait these 10 days to get denied if I would be allowed to withdraw my coins
I am a newbie as well, well sort of, off and on. But if you're just starting out, AVOID mt gox like the plague. it may be higher payouts but for the frustration it's not worth it. I'm still trying to figure out if I'm allowed to withdraw my BTC without needing my account verified, and I wont know until they deny my verification application. Good luck, if you're looking to mine, check out asic-market.com pretty decent deals on some rigs
I checked out the link that you posted and the prices are good (too good?) and
the ASICMiner blades that they offer are the older version, not the current version.
There are some advantages to the old version, although in this case, it just looks
like the website is obsolete (or a scam).
Newbies beware!
-Mark
I remember not to long ago 1 bitcoin was going for around $40 now its at over $1000. I wish i could of invest when the prices were low anyway i think its best if you invest in other coins, unless you are a millionaire and can purchase multiple bitcoins at the current price.
Price per coin has nothing to do with amount of money you have. If Bitcoin goes to $2000, some altcoins might double as well while others will fail. If Bitcoin fails, all altcoins fail as well. You see, putting money in altcoins is much higher risk, with no advantages I believe
I canceled my Mt Gox application without confirming it. I thought they wanted way too much
personal information.
-Mark
personal information.
-Mark
I am a newbie as well, well sort of, off and on. But if you're just starting out, AVOID mt gox like the plague. it may be higher payouts but for the frustration it's not worth it. I'm still trying to figure out if I'm allowed to withdraw my BTC without needing my account verified, and I wont know until they deny my verification application. Good luck, if you're looking to mine, check out asic-market.com pretty decent deals on some rigs
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