That's why I'm having my place of employment do direct deposit with BTC from now on.
You got them to do that for you? WOW NICE ! 
Topic: Out in the wild - people think Bitcoins will drop to 0 - page 3. (Read 7551 times)
That's why I'm having my place of employment do direct deposit with BTC from now on.
gentlemen, no need to worry about the price eventually going up or down, the bitcoin ecosystem will find it's equilibrium.
and even the owner of one (1) btc will be greatly rewarded over time
and even the owner of one (1) btc will be greatly rewarded over time
Problem is, it doesn't matter how hard it is to mine them. There are just as many coins being created, whether 100 miners made them or 150. Why should people pay more for bitcoin just because more miners were necessary to create them?
Now the bitcoins themselves are more secure, the higher the difficulty level. So perhaps there IS some rationale to BTC price going up with difficulty...
I don't think you understand angelus, eventually it will take massive amounts of computing power to generate bitcoins. That IS the value you're looking for right there. Try telling someone who just invested 20thousand dollars on mining equipment,hundreds in electrical costs, and months of his time, that his coins are worthless. Now the bitcoins themselves are more secure, the higher the difficulty level. So perhaps there IS some rationale to BTC price going up with difficulty...
This whole episode will be forgotten within 2 weeks.
Problem is, it doesn't matter how hard it is to mine them. There are just as many coins being created, whether 100 miners made them or 150. Why should people pay more for bitcoin just because more miners were necessary to create them?
Now the bitcoins themselves are more secure, the higher the difficulty level. So perhaps there IS some rationale to BTC price going up with difficulty...
Now the bitcoins themselves are more secure, the higher the difficulty level. So perhaps there IS some rationale to BTC price going up with difficulty...
People are apparently staying away because they don't understand the value of BTC, and for some reason they think the value could reach 0 again!
Of course, we know that's not likely, but some people believe just that...
http://www.bitcoin-board.com/index.php/Common-opinion-Bitcoin-mining-too-good-to-be-true
The reason why it won't happen is because the difficulty level keeps going up, so every day it becomes more and more expensive to mine, thus giving the coins value through their creators. If you ask a miner how much their bitcoins are worth, they will all tell you around $30-$40 a piece. That is a fair price considering the mining difficultys/electricity/time it is taking to make these things. That is with the current difficulty level, and awareness of the coins. If you were to ask someone who knows nothing about bitcoins, what they are worth, they would simply say "worthless". It's all about perception in life, one mans trash is the next mans treasure, one mans pain is the next mans pleasure. Of course, we know that's not likely, but some people believe just that...
http://www.bitcoin-board.com/index.php/Common-opinion-Bitcoin-mining-too-good-to-be-true
They will be back in once they realize what we are going through are merely growing pains. It makes sense that bitcoin face these things early on, because surviving varied vectors of attack - even on the most vulnerable parts, will make the entire enterprise stronger.
You have to go through these 'tempering' events to make it in the real world. That applies to code, ideas, and people.
You have to go through these 'tempering' events to make it in the real world. That applies to code, ideas, and people.
People are apparently staying away because they don't understand the value of BTC, and for some reason they think the value could reach 0 again!
Of course, we know that's not likely, but some people believe just that...
http://www.bitcoin-board.com/index.php/Common-opinion-Bitcoin-mining-too-good-to-be-true
Of course, we know that's not likely, but some people believe just that...
http://www.bitcoin-board.com/index.php/Common-opinion-Bitcoin-mining-too-good-to-be-true
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